Evening Star Newspaper, April 1, 1937, Page 22

A—22 = CLEARINGS DROP BELOW WEEK AGO Total for 22 Leading Cities Also Smaller Than for 1936 Period. BY the Associated Press. NEW YORK, April 1.—The volume of bank clearings in the United States declined from the previous week’s eggregate and that of a year ago. In some sections, due to the ob- servance of Good Friday, there were Included only five day The total for reported to Dun week ended Ma 202,000, agai corresponding 193 10.7 per cent This contrasted 1 a percentage gain of 28 I COMparison a week earlier. s @ this time last year incl heavy pay- month, wherez not New York City ¢ 621,827,000, or 19 4.504,656,000 orresponding | 1936 period. At ¢ centers the | total was $2,140.375,000, which was 9.7 per cent xcess of the 061,000 in 1936. The majority of in- dividual cities showed when compared with last v over. The largest recorded at Pittsburg level ! | cent under | Cincinnsti, Atlanta, Detroit, Louisville, Kans 1d, Oreg., and Seattle, ngs for the past week showed | s of $1127.631,000 when com-| eriod. Between the two sim- | 1936 there was en in- ding cities, together t ains and losses com- pared with those of 1936, follow. Also daily average b clearings for Jan- uary, Februar March (totals in Per cent Freight Loadings Expected to Show Increase Over 1936 Freight car loadings in the second | quarter of 1937 are expected to be about 7.5 per cent above actual load- ings in the same quarter in 1936, ac- | cording to estimates just compiled by the 13 Shippers’ Regional Advisory | Boards and made public today. | On the basis of these estimates, freight car loadings of the 29 princi- pal coramodities will be 5,730,219 cars in the second quarter of 1937, com- pared with 5,331,496 actual loadings for ‘the same commodities in the cor- responding period in 1936. | All of the 13 Shippers’ Regional Advisory Boards except the Midwest board estimate an increase in the | loadings for the second quarter of 1937 compared with the same period in 1936. The greatest increase antjcipated | by any board is that of the North- | west, which estimates that freight | car requirements in the second quar- ter will be 39.4 per cent above the same period last year, due in large part to the heavier movement of ore and concentrates. Actual loading of | ore and concentrates in the second | quarter of 1936 totaled 189,871 cars, but the board estimates that in the second quarter of this year the total will be approximately 352,000 cars, or an increase of 85.4 per cent. | COSTS UPSHARPLY AT STEEL PLANTS | Institute Finds Expenses | Have Risen About 225 Millions a Year. By tha Associaiad Pres.. NEW YORK, April 1.—Wall Street’s | business analyists, engaged for weeks | in intensive study of effects o” recent | steel wage and price increases, found | lust nagars Fug/ COMPLETE ROOMS IN MAPLE @ 3-Pc. Maple Bedroom Suite Pc. Maple Liv. Room Suite §-Pc. Maple Dinette Suite First time Sears has been able to purchase Fashion Tailored Suits to sell at such a low price. FIRST time men of Washington have been able to pur- chase this quality at so low a price. 3-DAY SALE REGULAR AND o All-wool Worsteds and Twists @ Single-breasted Models 5.88 Medium and dark shades, Tartan checks and plaid mixtures in blue, brown and gray. Sizes 34 to 42 regu- lars, shorts and longs. Imagine! A whole apartment full of furniture \;int.erex! today in calculations of the EAmorican Iron and Steel Institute | costs of the industry had been in | creased about $225,000,000 annually | 5 | recently. The institute said wage boosts had | tacked about $130,000,000 to yearly | | pay rolls, while higher costs of ma- | Py s terials incident to the general rise in | b 1 3-Pc. Living Room Suite: the price level would add another | IFs - w Includes large settee and two large chairs. | $95,000,000 to costs. | y 35 & Lo Bow-bent arms and deep spring-filled seats, | Steelmakers, of course, have passed | | Softipadied beck cus.hiom. 5 | along the major portio; of these big- | 5-Pc. Dinette Suite ger expenses to the consumer in the Includes large extension table, opens w 42x60 form of lifted prices, but th institute | inches, and 4 chairs, with massive milk stool 3 nt backs. typeibases iBe You'll say they're won= —19.6 | estimates the 200,000,000 so realized | 7o | as $15,000.000 short of requirements. SE s e If Purchased Separately derful when you see has been a subject of controversy 3-Pc. Bedroom Suite, sale price --39.9 - ry ool them. Solid white or recently, and some Washington sourc;s 3:P6: Living Rook Suile, sale ptios g e e have indicated belief the higher wage 5-Pc. Dinette Suite, sale price___. I.s:é ZOS::C:J_ESV ::tdm;osxturfalctwfs were not full justifi- i Month FURNITURE—SECOND FLOOR 2 ! tached. 3 piu e % F Sizes 14 in solid maple, built to conform with the lines of early American simplicity, with the same rug'gtdnu-s. 3-Pc. Bedroom Suite: Includes single or double bed, chest of drawers and dresser. 8 0 3 FOR $1.70 BUILDING OF PRIVATE | In so enormous & key industry as “ 3 i H . VESSELS EXCELS 1936 | steel, observers removed from the | i g ;351\‘-'[5"“‘ by the Associated Press. controversy have pointed out, it is g ¢ N FLooR o5 Reports to the Commerce Depal very difficult to tell in advance the ment say American shipyards wer building or had under contract for | private owners 273 vessels totaling | 281,302 gross tons on March 1. This | compared with 225 vessels aggregating precise effects on over-all costs and profits of dearer wages and materials. Among intangibles cited are the amount of steel which can be sold, the steadiness with which it moves RS FAMOUS “ROYAL PURPLE” 236,678 gross tons on February 1. into consumption—peaks and valleys T ——— of demand are costly—the productivity U.S. TREASURY POSITION. of labor under the higher wage and the resistance, or lack of it, to steeper | prices by the consumer. | The largest single addition to ma- terials cost cited by the institite in | its calculations was steel scrap. The industry used 13,600,000 tons of it to CHIFFON HOSE Our Regular remelt into steel in 1936, and assuming | 85¢c & %1 Grade of similar consumption ahead, on thei For women and . basis of recent advances of $3 a ton Thls Famous Brand children. Plain % | in its price, figured the added annual || & Smoid At 5 and novelty cost at $41,000,000. o it 3 £ weaves; rayon e | i ~ c »‘ plaited, mixtures, L PARIS BANK CHANGES. i C: 3 ete. PARIS. Aoril P, —The Bank of || Sl ° < | France s 5 veek ended March | 74 Hosiery—Main e : : pair Floor es abroad. 5 ki - de 96: d i v ;s 318: temporary ad “Royal Purple,” a name given ONLY to fine quality full-fash- ioned pure silk hose. Made of live, fresh, high-twist silk, gar- e REINFOR om ter run tops, picot tops, sheer . riew shyles, Bah beauty and plenty of wear in or medium GUARANYEED RING FREE every thread. Ringfree and heels. P E ’ flawless. French heels, rein- S ST RS forced soles, heels and toes. FLOOR. Chiffon and semi-service weight. Sizes 81z to 10%. This quality eot- ton line usually sells for 39c, but for this sale, it's only 29c. HARDWARE— BASEMENT, 149 and 1.69 “ROYAL PURPLE” RUBBER FUTURES. b, le to see Shrubbery, Plants Surroungj i ngs, eir particylay 0ses, Pate, S, Trees, et(','.t"d OWN A PACKARD? 8ize 50 x 50 inches; checked sure way designain eolors. s LINENS—MAIN There's a simple, = to find out* if you can afford |hs—n—e_w Packard Six ny " = . Just to give you a clue, man 218 > . 1 people buy Packard Sixes for thetr Pastime g g% to make is i may e iKe th used car and only $35 a month. USUal low prices, gaot€ enJoyable, ,l\’:e:;:':: BIRD BATHS Skeleton py, < . = 2 Regularly $1.29. Reel FILL IN THIS COUPON—MAIL - . N Hard burnt 635¢c My present car isa TP a— ) {model] __miles. My speedometer reads —— —————— How much do you think you could allow me in o trade- in on o new Packard Six? 4 my monthly payment be# 4.Pc. GARDEN SETS 19¢” Regularly 27c. How small, then, woul We've home.,SPent thoysa Fia Mme-maker of Wag}:’i';xlt‘:mb FAMEL - ——————————— ADDRESS — Trowel, trans- planting trowel, cultivator and digging fork. (Cut along dotted lines) PACKARD CONNECTICUT ot § ADams 6110 HARDWARE— BASEMENT 911 BLADENSBURG ROAD, N. E. AT 15th & HSTS. Phone AT. 4600 Items Starred (%) Also Sold at 3140 M Street N.W. i A Open Evenings & Sunday