Evening Star Newspaper, January 6, 1937, Page 14

WEDNESDAY, JANUARY G 1937. A—14 wkxx THE EVENING STAR, WASHINGTON, D. C., ' _____——————————————__—_——_‘__*—___—___—_—___——___-——————_______ ARY INUSTRY CONTINUES CLIMB Further Gain in Consumer Demand and Some Rise in Prices Expected. BY J. G. DONLEY. Bpecial Dispatch to The Star. NEW YORK, January 6.—The dairy Yndustry enters 1937 with hopes of continued betterment, for the out- look is for a further increase in con- sumer demand and some rise in prices. Consumer purchasing power—which determines to a large extent the con- sumption of fluid milk, cream and ice | cream—according to present indica- tions, is likely to maintain its upward trend. According to an estimate by the Department of Agriculture, the con- sumption of fluid milk and cream in cities and villages declined 6 per ccmw during the depression period, 1930-34. | In 1935 there was a recovery of 3 per cent over 1934, and consumption in | 1936 probably increased further. | The use of milk and cream in the manufacture of ice cream has in- creased approximately 66 per cent from | the low point of 1933, according to estimates by dairy interests, and the consumption of cheese and evaporated milk is much greater than in 1928. Cow Prices Higher. “The outlook for the next several years,” according to the Bureau of Agricultural Economics, “is for further increases in the consumption of fluid milk and cream and ice cream. The | outlook for the next few years is for some rise in butter prices in relation | to prices of other commodities, in- cluding commodities which farmers > buy. Prices of milk cows will probably | increase materially during the next few years. and are likely to average Father high for four or five years.” Nearly half the total production of milk goes into the manufacture of | butter and cheese. Improved industrial conditions and decreased output due | to the drought cf 1936 have increased prices and reduced stocks. Prices of butter and cheese now average about 75 per cent higher than at the low score. 1 "1 i"bound Drines. - 3K: et ‘very stroni am 27¢ siiced. bacon. 4 . K. compound. 13%a: lard. LIVE STOCK-—Pigs. 8'2a0%; lish 9%al0%: medium hogs. qnln' : roughs, 6aRla; Prices 'baid <hippers. met fob. Wash- ington. = By the United States Bureau of | Agricuitural Economics EGGS-—Market Just about steady on m. 1 cent most erades extrar. mediu higher. but other grades linchanged. Cur- Tent Teceipts “3att: hennery whites. S | Government aeraded and dated l‘h“e' eggs (net pric paid shipne f Wasninston), U. 8. ex'ras. laree xtras, mediums, U. S a LIVE POULTRY—Market generally auiet | and steadv. Fowl: Colored. heayy. 16a | IN: Lezhorns. 9ali. Chickens: Vireinia | Rocks. broilers and fryers. 18a20: Dela; | .unndardl points of 1933. On September 1, 1936—the date which usually marks the seasonal peak of storage holdings | of manufactured dairy products—total | stocks of such products were the lnuett; for that date since 1923, with the ex- ceptions of 1931 and 1932, according | to the agricultural bureau. They were | 32 per cent less than the large stocks on September 1, 1935, and 21 per cent below the 1925-29 average. | Various When we examine the factors that cause milk prices to fluctuate, we find that, roughly, four-fifths of the retail | price of milk goes to farmers and | labor; that is, if we include freight rates, which are heavily weighted by railroad wages. The other fi{th covers the cost of bottles, cases, cans, coal, | gasoline, oil. horses, feed.taxes, repairs and depreciation on plants, vehicl and equipment, advertising and all the other costs which milk distribution | entails. | Since raw product and labor ,con- | stitute such a large part of the retail price of milk, any material change in the cost of either necessarily results in a change in the retail price. Dairy wages declined relatively little during the depression and are nearly as high now as in 1929. Milk prices should at least be stabilized during 1937 through the strengthening of prices for manu- factured dairy products, for use in the ' making of cheese and butter should keep considerable of the fluid product from competing with the normal milk supply sheds. Fundamentally, the milk situation nas been greatly strengthened by reduction in the number of milk cows on farms, | with an indicated total of approxi- mately 25,000,000 for 1937, which is| some 2,000,000 fewer cows than were | giving milk in 1934. And the total production from those 25,000,000 cows | will be affected by any abnormal) weather which may injure pasture | conditions or raise feed prices. (Coryrizht, 1937 ) INSURANCE STOCKS NEW YORK. January 6 «P.—New York Becurity Dealers’ Association e Aetna Cas (2a) Aetna Ins (1.60) Aetna Life (.R0a) Am Equit (1.60) Am Ins Newark ('2) Am Reins (3) = Am Reserve (1a) ‘Am Surets (215) Automobiie (1a) Balt Amer (20a) Carolina (1.20) €ity of New York (1.20) Conn Gen Lif (&0 Gen Reinsurance (2) Glen Falis (1.60) Globe & Rep ('2a)_____ Globe & Rut Great Amer (1a) artford Fire (2) ome Fire Sec Home Ins (1a) Homestead (1) Lincoln Fire 1 Fire (2) Liberty (20a) " Bor River (80a) Phoenix Eroy W St Paul Springfield 7] Sun Lif Travelers (16) S Fire (1.80) Westchester (1a) —__ 8—Also extra or extra: FOREIGN EXCHANGES. NEW YORK. January 6 .P).—Foreien exchange steady: Great Britain in dollars gthers in cent eat 49 cables. 4. 'n' _60- day bills. : clhles“ ‘4, “resistered. 53.76: Norwu Bruumnfl tugal 44705 Crechosiovaki Montreal in T New York 1n Montreal 9.067. a—Nominal. CHICAGO LIVE STOCK. AGO. January 6 (P.—(United Bt8ics Degrtment of Asticulture.)Hogs, 28,000, including 8,000 direct: siow. most- Iy ltnfly with Tuesday's average: 60: bulk_good and ch mcim tlya an d Sacvenly ‘nigner: arket actize and unevenly sHions” 1o 1 Cstrictly loo? and o8 steers. yenilings and practically ail des heifers and beef cows sharing full nce: lowe 0 down: n loads medium weights, 13. sevel 13.00a50: yearlings suers scaling pounds at outside price: heifer ves: 88 averaging 1.012 ost heifers. shortfy ul w. weak, " mostly at 12.00a heep, 11,000 including 2.300 direct: gat Jambs in’ fairly broad demand. but as m few saler: undertone strong to higher; firm: good to choice native and Stern Tambs bid 1035838 freely: l lnl ln 50n65 and better for choice Rgnflyrellhu scattered native ewes, 4.25 RU’BBEB FUTUBES Jlnulrv fl [ —('rllde Factors Studied. [ 1 | Supplies moderate. demand light: | type. | Virginis, mostls aroun SWEET POTATO! Turkess undey 19 pounds. 16a17: No. 2 coms.’ 14 Fruits and Vegetables. Sales. in llr:Pdln\s by original receivers, today LES—No carlot arsivale: no cars on pplies moderate. demand lisht: market steady Bushel baskets U. S No Virginia, Grimes. “'e-inch minimum. Y ad | al.l3 “inch minimum, al.4 -inch minimum, 1 ch minimum Iich: mupimim. 18080 17381 R5; Golden ' Deli- 4-inch’ minimy 5a Ta- | 23,-inch min inch mmxmnm mum al T4t Srarks, 2ia-inch “minimum. - “To0at 1o 23,-inch minimum. 150 Limber Twig fial 0: 2 -inch Boxes and” cartons: ‘minimum. Marviand,. P!nn:vl On- Taafio."“one Matne. 1 fwo Pennsylvania arrived: Phroken and 17 unbroken cars on track. | market | steady. 100-pound sack: No. New York. round whites. Green ~ Mountains found whites BT A0 Fiaida. Dinel Crates | B Thimphe. G- 8. No. T market weak. | S3: faw 00 CARROTS—No carlot_arr} broken car on frack. Suppl demand light: market steady Wesiern lettuce crates 6-dozen condition, 0. Pennsvivania bazkeis fopped washed. 1 CABBAGE—One New Yor svlvania, one Texas arrived: and two unbroken ears on track. Truck | moderate: supplies liberal: de- | market weak. South Caro- bushel hamoers. pointed ivpe 1.00; truck receipts 85. Texas. haif-lettuee pe. 1.75a1.15. New York, domestic round tvpe. 551 aho. Russet | s moderate; California four hroken arrivals: Supplies | moderate: demand light: market steads. California. crates. 1.50al.6: CELERY—No carlot arrivals: three bro. track. = Supplies moderate: demand lizht: market steady. California crates. 1.50a CELERY—No carlot arrivals: three bro- kens cars on track Supplies moderate: demand Ivight: market steady. California. | 1; crates. individually washed and pre- cooled 043,00 LETTUCE—One Arizona arrived: five broken and one unbroken cars on track Supplies liberal: demand light: marke! gleady.” Arizons, Western crates. Icebers ONIONS—No “cariot arrivals: one bro. ken and one unbroken cars on track. Sup: plies moderate: demand lighi: market | steady. 50-popnd sacks. U. & No. 1:| New York, vellows. i5a%5. Utah, 'Va- | lencias. 3 inches and lari 1.10a1.15, S—No carlot arrivals: three bro- ken cars on track. —Supplies moderate: light: “market steady. . Bushel California. Ttlrohon large - condi- n Florida, small size. 15081 60, TNACH—One Texas arrived: one car one “broken ‘and one unbroken rack. Truck receipts moder: Spplis moderate: demand. Tighi: mankes gteady. Bushel baskets: Texas. 75a85. 6! ES—No carlot_arrivals: Supplies moderate : market steads. _Noi bushel baskets. Puerto Ricans. £0a1.00: fair condition. 75a85. Marviand Anne Arundel County. "bushel hampers, Jersey type. U. §. No. 1. 90a1.00. Tomato Prices Steady. TOMATOES—No carlot arrivals; no cars on track. Supplies moderate: 'demand light: market steady. iug boxes. Tipes and turnine. wranped. 6x6. best. : poorer lower. _ Florida. lug boxes. green. ripes and turning. wrapped. wide range in Condition. 6x8. 1.5082.00; few" higher: poorer lower MIXED ETABLESTwo Texas ar. rived: four broken and one unbroken SNAP BEANS—No carlot arrivals: three broken cars on track. Supplies modera demand light: market steady. FPlorida. bushel hampers, ereen flat type. freight receipt 210 truck receipts. fair rond(tlun 15081 15: B0SF condition 1 e 1.2 stringless. truck receipts. A BEANS—Supplies light: demand , market steady. Cuba. bushel hamp- SQUASH marRet sready. Florida. buspel Rampers: Bushel’ white wrapped, fair auslity. 1. M PEPPERS.Supplics HEhy: demand light market sieady -bushel crates pplies ' light: deman o ;, market steady. | Florida, 1%-bushel iy condition. 1.3 I'RS—SUDDHQ! XIRh! B murkn steady. baskets. 1.50. Cuba. bushel :rn STRAWBERRIES—Sup ti market stendy. carlot CAU three track ken cars on ar tee demand Carolina. Supplies lizht: oFlorida. 1 3.00. demand -bushel .00, de- Frorita cratss, 1 RA—Practically no supplies on the market. ORANG!B—On! Florida lrnved. 2 un- brol cars on track. boxes, 0042 to size and ¢ Trade: S —-No_carlot_arrivals; cars on track. Floride, boxes, 1.5082. as,to srade and size, Nu—florldl. < ;'mg no 25, 4/5 bushel lhfurnln boxes. No. 1, 5.00 No. 2. 4.00a4.51 OCCOLI. -—Cll!lom\l. erates, 2.25, bushel baskets, 40c. Bl fair_condition, 2.0 inia. bushel baskets, ARSNIPS—Pennsyivania, TURNIPS—Pennsyl, lm(;nsue Georgia, crate o L Ya iugs, Emperors, AVOCADOS—Florida, box: 3 ~ (fi‘mmrnm—cum. Gl’lt: 3 é ggv“ oo MUSHROOMS—Maryland, 3-1b. baskets, 50a00¢c. SPROUTS — California. QIIQ! 3 S—Texus, Yo crates. 180, RHUDARB—\(ICMIIII. b-lb. bflxll 40 Bms—'rnu. 3 crates, 1.50. S g U. . TREASURY POSITION. The position of the Treasury on Jan- Rece ? - 3178 51 01-; lB. ORK. bber fu'uru opened 5: M 21.10-15: llly Value of Building Contracts Awarded in the United States 1922-1936 F] Entire Year Reopenings Due At Consolidated Textile Plants By tlie Associated Press. LYNCHBURG, Va., January 6.— Consolidated Textile Corp. will resume | the manufacture of cotton fabrics at its mills in Lynchburg, Va, and Bur- | lington and Shelby, N. C., as soon as | raw materials can be secured, I. L.| Langley, Southern manager. told the | News by long-distance telephone from New York City. He said notices calling for workers | would be posted at the respective mills | today. About 800 are employed at | Lynchburg when the plant is running | at capacity and about 400 at each of | the North Carolina mills, but Lang-| ley was unable to say what per- centage of production will be under- taken at the outset. Mr. Langley said financial arrange- ments looking to the resumption of production have been completed and | spoke optimistically about the proe- | pects of the trade. FEDERAL LAND BANKS NEW YORK. January 6 (#.—Federal Land Bank Bonds: Bid A“krd. 07 CHICAGO PRODUCE. CHICAGO. Januars 6 P oPouliry, live. 41 trueks: h pounds up. lD less than l 9. _Leshorn cis. 13- Shrines. ‘colored. 1315 PImoG Anr‘ White RM‘ 17: colored broilers, White Rock. 20 horn _chickens. roosters. !l young. ck: olore Northern 5. 7 pounds | . ounds, 19 "itter. u» nseiticn Creamery— ; SDEUJR ' fl l A ex local. . graded firsts. local ar: U receipts. 4. refriz Thlor standards. refrigeraior firsts. 2, i total United Potatoes. 43: on U ] “stronz. _supplies States shipments. light. demand & ked. per husdred- 0 weigit: Idaho Rus-et Burbanks. U. 1. mostly .00; Washinzton = Rus Burbanks. U S No 1. few sales Colorado Red McClures. U S. No, Wisconsin Round Whites U’ : U 8 commercial, Florida. bushel iehtly weaker, n-m-m 8 hs, s slow: very few sales U. | crate. . 00tate futures—Idaho Rustets. Janusr Ma No. 1. 3.93; March. grade FREIGHT I.OADINGS SEW YORK. January 6 (. —Revenue freight carloadings on railroads reporting today, for week ended January 2 in- cluded: Renpsyivania Y. Central__ Eio W & Mo. Pac Bere \hruu-m Frisc | lekel Plate Pitts. & Lake E. | Constant Study of Dealings Cited | Department for criminal prosecution. i p‘nruvea Deoart B S. E.C. DISCLOSES 214 INVESTIGATIONS in Report for Year Ended June 30. BS the Associated Press. Preliminary investigation of stock | market operations in 214 securities was reported today by the Securities Com= mission for the year ended June 30. The commission constantly studies | transactions on the exchanges to de- tect excessive trading in securities against the rules, the report said. Of these investigations 42 were deemed to warrant taking of testi- mony. A number of infractions of the rules, the report said, were referred to the various stock exchange commit- tees for action. Injunction proceed- ings were instituted in 10 cases, and one case was referred to the Justice During the year 781 registration statements of new securities were filed. The total since the commission’s cre- ation is 2,314. DIVIDENDS ANNOUNCED NEW YORK. _ Jonuary 6 —Dividends declared (orepared by the Standard Sta- tisties Corp.): Extra. Pas- Horder's Inc Nat_Liberty Insur Wentworth Mfe Accumulated. Crown Cork Intl. anr Pub Serv Am *iRance a5 Great Am Ins Homestake Minin; R H Macy Co.__ 25c Q Horder's Ponteve mor m Rose’s 5c. 10c & 25¢ Strs. old $5 par _75cx Regular. Culamhn Sug Estate 40c Confuly R M 77 pf Gervo e Pasco Con | €1 Coan (WB) oi2e do of B9 % Walker Dry &% 061y 13¢ 10c s, e W Nat Liberty_Insur Northwest Eng Puh & Nn m 77 of do 67 wesh Penn'E 7% of do &~ nf Am Alljance In< Co Rangor Hydroelect Co Enreka Pine Line _$1.00 Bank Un Bag A SPape S S 5e Sn new ¥1 DA MONEY MABKET NEW YORK. January G P.—Call money_steady: 1 per cent all day: commercial paper. 7 per cent: t steady: 60 days to & months. 1% per eent offcred: bankers' acceptances unchanged: rediscount rate, New York Reserve Bank, 115 per cent. MONTREAL SILVEB MONTREAL. January & (& —Silver fu- tures opened eas 9 M'b"hs‘n "ob: May. 40 20b Juis, 48 30b | :om:oooooqaou ® 0 00 0OO | the expected recession in consumption | Washington Exchange SALES—AFTER CALL. Capital Transit Co—10 at 14%, 10 at 1414, 20 at 14, Woodward & Lothrop com.—75 at 78. Mergenthaler Linotype—10 at 54, 5 at 54. Capital Traction 5s—$3,000 at 94%, $1,000 at 94';. Capital Transit Co.—10 at 15, 10 at 15, 10 at 15, 10 at 15, 10 at 15. Bid and Asked Prices. BONDS. PUBLIC UTILITY. Amer. Tel. & 'l’el 431 e | Anacostia ‘& Pot. Ana. & Po C. & P Tel OUTLOOK BRIGHT AT WOOLEN MILLS Consumption of Raw Wool| Holds Near High Mark Reached in 1935. Special Dispatch to The Star. NEW YORK, January 6.—Status of the American wool manufacturing in: dustries is not only far more favor- able today than at any time during | Capital ;l‘r;etion}; the depression but greatly improved Genyn‘:m:‘n“i}n.ln 1-': B over either 1928 or 1920, according | Wain Gas g AR to the Index of the New York Trust | we Co. Consumption of raw wool was, greater in 1935 than in any post. war year since 1923 and while there | may have been some decline from | this peak in 1936 the bank review finds | the future outlook highly encourag- ing. “The industry has undertaken an aggressive campaign to keep the ad- vantages of woolen and worsted goods before the public eye,” the Index says, | “fashion changes have served in some measure to increase the demand for | Ausk osr“n:fnzs%ncfl'h.':';v‘_ woolen fabrics, and- the improvement | Sapital (f) in general economic conditions has | Lierts 3 naturally served as a spur to normal ';,’{fi‘;‘;‘.,‘g‘.,, b 3% demand. | Br. Georges s T, (50 i “While American woolen manufac- | Biees sfa= 755"~ Tt turers are not as directly affected as wl«{\‘mfl’on 6) those in other countries by resrml-‘ o ‘“F';R’z" e ment, this is also a further cause for 100 stiffening in prices, which may have an important influence in the future. “With production responding so rectly to these favorable factors and g s S IRESRRD g B3 nme S35 332! P MISCELLANEOUS. Columbll Country Club 5's 10§ W. M. Cold Storage 58 100 STOCKS. PUBLIC UTILITY. Amer. Tel. & Tel. (9)_ “134% Cavital, Transit, Co & teamboat (g6) Bt Fol l]ec Po' 6 v lll T or "5 a00- 112 w G Ll 150 L6 ] Wash Ry & Bp oid - 110 BANK AND TRUST COMPANY Ametican (6) | Corcoran (5) remen’s (1.6 National Union (.60)" TITLE INSURANCX- Columbia (.3 = | Real Estate (6) _ - 156 M l%(‘FLLA NEOUS. Carpel Corp (2.00) ____ Lanston Monotyne (4) _ Mergentnaler_ Linotype f) Peoples Dr om. (4100 Peoples Dris 8 bid. (A Real Est. M &G. of. ecurity Storage (51 this year remaining within reason- able limits, the generally upward | trend in evidence since 1932 should | M enable woolen and worsted manufac- | | turers to extend the gains alread. made. ‘er. Ref. & Wn. Corp. () _ “The industry, having experienced a | “.‘,"n ‘4', Ifl;‘hn “;}’a ‘\',Iv _” very real recovery from the state into | *Ex._dividend which it had fallen as a result of war- "g"';“,;,'";"‘ time overextension, a greater degres (c paid Mar 15 of integration should enable it to keep | 17,731 30c paid Nov. production more in line with con- v'-" sumption and to maintain a stable i price structure to the end that profit- able operation may continue.” U. 5. TREASURY NOTES, (Reported by Chas. D. Barnev & Co) 3 4uvs 51 1936 50c nnd Aug. 16. 1936, . extra paid Dec | c paid June 50, | December 15, 14: 1936, 45¢ paid NEW YORK PRODUCE. NEW YORK, January 6 (.—Eszc f unseitled. Mixed r"lfl Slandards, 2 firm and unchanged. firm to easy By freight. i1: Leghorn, 14ali; tur- other freight’ prices un- - Live pcultry The helpful idea we’re talking about will give you extra protection against a freeze-up in your car’s gasoline system. The smart thing to do first is to have your carburetor drained—a quick, simple operation for who- ever takes care of your car. He will also empty the little glass filter bowl, or “trap.” And if you want to be real careful, you will have a certain amount drained from the bottom of the gasoline tank. Thus you get rid of any water that might freeze on the first cold day. This water was not in the gasoline origi- nally, if you are careful where you buy. But you know that the air always contains SPECIAL WINTER BLEN CONOCO BRONZE poultry—Broilers, fancy. 1. Plymouth Rocks. PHILADELPHIA PRODUCE. PHILADELPHIA. January 6 (.—Live 20; Springers, yellow meated. crossobred Springer, 16819: ducks. W) 100 ek picked. 1 17a10: red ., white, Pekin, u-fi""""" oultry—Turl J lfi in boxes, lil 3. ol rmte 13'2a16: capons. Western. ‘;5 eszed D How to Ease a Cold Quickly V. Take 2 BAYER ASPIRIN fablets and drink o full glass of water. Repeat treatment in 2 hours. 2. 1f throat is sore, crush and stir 3 BAYER ASPIRIN tablets in 1§ glass of water. Gargle twice. This eases throat rawness and sore- ness almost instantly. Get Quick-Acting, Quick-Dissolving Bayer Aspirin. The modern way to ease a cold is this: Two Bayer Aspirin tablets the moment you feel a cold com- ing on. Then repeat, if neces- sary, according to instructions in the box. At the same time, if you have a sore throat, crush and dis- solve three BAYER tablets in one-third glass of water. And gargle with this mixture twice. The Bayer Aspirin you take internally will act to combat the fever and pains which usually accompany colds. The gargle will provide almost in- stant relief from rawness and pain, acting like a local anes- thetic on the irritated mem- brane of your throat. Take 2 Tablets Try this way. Your doctor, we know, will endorse it. For it is a quick, effective means of combating a cold. Ask for Bayer Aspirin by the full name at your druggist’s — not for “aspirin” alone, lsc FOR A DOZEN 2 FULL DOZEN FOR 25¢ VIRTUALLY 1c A TABLET more or less moisture, which can gradually form water in your gasoline system. There is less chance of this when you keep too much air out of your gasoline tank, by hav- ing it filled close to the top. It is still just as important as ever to get a gasoline that always fires away lickety-split in any cold « « « not dripping and flooding wastefully « « . not draining your battery by a lot of “false starts” . . . not thinning your oil by needless choking. The most helpful thing you can do for yourself right there is to keep your tank full of sure-firing Special Winter Blend Conoco Bronze. Continental 0il Company e GASOLINE