The evening world. Newspaper, September 13, 1919, Page 4

FOOD AT RETAIL INCREASING OVER PRICES IN AUGUST Wholesale Quotations and Cost to Producer Have Dropped, Reports Show. WASITIINGTON, Sept. 13.—Retall food prices went up during August and afe til! mounting despite the Government campaien to reduce the ost of living, according to price fig- Gres Collected by two Government de- partments covering practically every section of the country At the sume time both wholesale prices and the prices pald to pro- ducers have dropped, the Government reports indicate. In fifteen principal Cities fetal! prices were boosted from 1-5 to § cents per ales unit on ham, @irloin steak, butter, ems, potatoes and pork chops, according to pre- Mminary reports to the statistical Duread of the Labor Department for August, {n the same month the level of prices paid producers and farmers Georeased 3.4 per cent. according to apnouncement made by the Agricul- ture Department. Decreases in wholesale prices for August as compared with July are ghown, in reports to the bureau of markets, which found that: Wholesale butter prices went down nearly 3 per cent. In New York and 1 per cent. in Chicago. Potatoes de- @reased 20 per cent. in Now York and 8 per cent, on Chicago wholesale markets. “Good steer join,” trade name for the cut from which sirloin comes, Gressed cuts. decreased 4 1-2 cents per pound in Boston; 3 cents in New York‘and nearly the same in Phila- | delphia, But the decrease of 3 cents ¢ pound wholesale wax not reflected in retail prices, which, according to the labor department reports, showed an inerease in tho average price charged by retailers there. The in- crease averaged slightly less than one cent per pound Increases far outnumber decreases fm retail prices for Aurust com~ pared with July, according to figs ures collerted by the Labor Depart- ment. Retail price figures of the de- partment are averages based on prices ged by at loast twenty-five deal- ers in each city canvassed. An in- orense of a frotion of a cent per gales unit thus may represent an tnerease of eral cents om the part of many 4 rs, “ In Aug in New York city, the fereages we butter 17-10 cents, eggs 21-10 cents. Less Cotton Being Co WASHINGTON, Sept otton eonsumed during August amounted to 36 bales of lint and 21,171 of linters, Census Burvau announced to-day. Im August last year 634.971 bales of tint and 101,299 of linters were consumed, a’ wu The one-cloth pol- ish. Half time! Half work! One brisk rubbing restores the beau- tiful, original finish. Lykna actually re- moves dirt —does not cover it up. Use Little! Rub Dry! air tighttins, Deliciously creamy Marshmallows Fresh from the Huyler factory packed in convenient ‘TO CUT FOOD COST | OFULS.FAIR PRIGE Day Approves Plan to Sell Stocks to Housewives From | Autos—Will Consult Mayor. | Commissioner of Markets Day has approved a plan for the of gro- ceries in New York at prices from 12 to 20 per cent, less than those of the Federal fair price at “L have written a letter to the au- thor of the plan, giving my approval,” said Dr. Day, “but the letter will not be mailed until I have bad @ chance to talk with the Mayor about It and get his approval.” Dr. Day indicated that there was) practically no doubt in his mind that Mayor Hylan would look favorably on (he plan and that it weuld soon be put in effect, “The plan was mubmitted to me,” the commissivner said, “by a promi- nent exporter, What he proposes 1s a chain of ‘rolling grocery etores,’| These would be automobile trucks, manned with a driver and a sales- man, They would patrol the city, selling to housewives directly. “Prices could be lower than those of the retail stores because the ‘roll- ing store’ would have no rent to pay ind its general overhead cost would be much less than that of the cor- ner grocery store, There would be no possibility of profiteering on the part of the rolling stores, because they would operate under licenses | whieh would give us absolute con- trol.” | Deputy Market Commissioner lo'Malley conferred with Dr. Day to- day on the large quantity of pork and niutton, saki to be about 8,000,000 or 9,000,000 pounds, which the Fgderal authorities are about to place dn the market, . Mr. O'Malley said that Now York's [share of this, pig the large quantity of poultry available, ought to supply the local market 60 fully that it will not be necessary to remove from cold storage the supplies that are ordi- ly taken out at this time of year. nd of the storage houses are Jeft full” he said, “it will postpone the [slaughter of bogs, sheep and poultry, |which will mean that when we do sinuehter them they will woilgh con- rably more than they do now. And that is food concervatior He said arrangements were being made with dealers now to handle the new supplies, The price of roasting chickens, he said, will be 37 cents a pound. The sales at the public school dis- tribution centres yesterday reached the high figure of $55,000. The total sues thus far amount to $818,603, Dr. Day arranged to meet to-day a group of live poultry dealers who complain that the commission mer- hanty are charging exorbitant prices. ‘The Commissioner himself anid he be- lieved that there was more profiteer- ing among these commission mer- chants than anywhere else. He ox- pects also to hear from banana dealers who complain that shipments are held back in order to keep the price up. The Commissioner has declared in favor of a special commission with authority to fix margins of profit on milk. He says distributors in New York are charging their patrone 150 per cent, more than they the di jtiibutors) pay for it, This declar: | ton was made in Dr, Day's testimony |hefore George Gordon Battle, who is jeondueting an inquiry of the State department of Farms and Marketa, ——_— WHOLESALERS BOUGHT U. S. | FOOD AND CHANGED LABELS Made 33% Per Cent, Profit on Army Supplies—Stored in Furniture Warehouses, CHICAGO, Sept. 13.—Evidence that foods are being stored in furniture storage Warehouses and that whole- sale grocers bought canned goods from the Government at varioun prices and sold them at a good profit, was brought out to-day at an inquiry conducted by the City Food Bureau. One wholosaler said his profit was $31-2 per cent, Another admitted changing the Inbels and selling the Government canned goods as his own brand, | ee | Atlantio Fleet Demoralized for vant of Men. WASHINGTON, Sept. 18,—Demobdili- vation of the navy has demoralized the Atlantic Fleet ae far as man power ts pncerned, it Was sald today at the Navy Department. — Scores of batt! ships sere, destroyers ant other eru a are moored at Navy Yards with ve CWH wo greatly re crews et that in many cases It ts Impossible to keep up steam. Only two battleships of the Atlantic Fleet hav r full crews ing N ‘shmallows this week —in a handy gsc. package, Buy your box OF ARMY CHICKENS TO BE SOLD HERE Will Go Exclusively to Fam- ilies, and Price Is Set at 37 Cents. By P.Q. Foy. (Special Food Expert of The Evening World.) ‘The consumers of the United States ‘Will have ample reason to thank Sec- retary of War Raker, who, at the In- mance of The Pvening World, has or- dered that “he 3,000,000 pounds of fancy roasting chickens held by the War Department be sold exclusively to familics. A million and a half pounds of the chickens will be sold in New York. The distribution will be under the direction of Markets Commissioner Day and hin forces. The prospect of landing a fancy fatted or milk-fed roasting chicken in the market basket at 37 cents will bring joy to many mothers who could not afford to pay the high prices de- manded for the roasting chickens, Deputy Commissioners O'Malley and Smith will oversee the distribution of the roasters, and have contracted with August Silz to deliver and finance the Placing of the poultry in the retail markets of Greater New York. Commissioner O'Malley request that housewives give their orders for these chickens to their local butcher, as the crowd is apt to be #0 large toward the end of the week it might be dificult to attend to every one, Hotels, steamships and jobbers will not be eligible to purchase, but restaurants that agree to reduce cost without curtailing the portion served can purchase a sufficient quantity for their regular customers, Orders can be placed by retail dealers with Mr. Silz for delivery next week. The surplus pork loins and shoul- ders will be placed in the retail stores soon ag prices can be readjusted. The prices set by the Government on loins and shoulders are not con- sistent with the prices that obtain in the wholesale ma grade, and Col, Carson, zone officer of the surplug army food, is now in Washington conferring with the au- thorities in an effort’ to have the prices reduced, Uncle Sam is a hard seller and drives a hard bargain, and will not allow for short weight or shrinkage, The roasting chickens will be deliv- ered to dealers at a cost of 330, a pound and will be sold to consumers at 87c, The same grade of chickens have cost the consumers from 48 to 6c, for several months past. The pork loins were held at 26c, and the pork shoulders at 220, but these prices will probably be reduced to conform to the present market prices when thls food is distributed to the consumers through the retail butch- ers, About 1,000,000 pounds of mutton is also awaiting distribution after the price to the consumers is adjusted. The downward trend of prices on meats is due to the pressure of the surplus army foods, which are having a levelling effect on values of all kinds of foodstuffs, <> FOUR HELD AS ROBBERS OF AUTOISTS One Fugitive From Catskill Lockup Admitted Hackensack Murder, Say Police. Four men arrested about two weeks ago in the Catskill section, on a charge of holding uA automobiles and robbing the chauffeus and other occupants, escaped last night from the jail at Catskill, They are Joseph Matchok of Hack- ensack, Michael Corcoran and Richard Hienches, both of Little Ferry, near Hackensack, and John Murray of Philadelphia. A few days ago Mat- chok admitted, according to the police, having shot Theodore BE, Van Stone, @ Hackensack druggist, on July 6, while robbing his store MAYOR COMMENDS BURR. Allted Self lorents, a lotter Letter Say with 4 Mayor Hylan wrote meridation to Corporauon Co: nse! Burr to-day on his action in obtaining an order restraining Public Sery m missioner Lewis Nixon from Queens traction line Suffers Hroken Aru, broken ar © machine d woman's hi the d and. It is sa that Trelo dell until t mobili did not hear the signa pront part of the auto Ce je Was op the tra t on @ similar, Public next week and well informed BREAK JAIL of com: | BUTLER, N. J, Sept, 13.— One woe man was killed and another injured when an automobile was struck freight train on the New York quehanna and Western Ratlroad at Smith's Hill, ‘The dead woman was Mra, Thomas J. Arel fifty yonrs nd. Her hter 1, suffered @ was being driven by THE EVENING WORLD, SATURDAY, SEPTEMBER 13, 1919. The purpose of thie column is to aid investors in forming judgment as to securities they own or contem- plate buying. Communications must be signed and give the address of the sender, Predictions as to how high or how low @ stock may go will not be made, | @. 1 want to invest in an ofl stock, but am wary of the new promotions, Which do you consider the cheaper at present prices, Mexican Petroleum or Pan-American Petroleum? A. D. S., Saratoga. A. Mexican Petroleum is now sell- ing at about 210 and Pan-American at about 120. Bear in mind the fact that the Pan-American Company owns about 4 per cent. of Mexican Petroleum common stock outstand- ing. Therefore, with Pan-American selling at $120, about $92 theoretically represents its equity in Mexican Petroleum. In other words, if Pao- ‘American were seiling ex. its interest in Mexican Petroleum tt would, on this basis, be quoted at about $28 per share, or at a ridiclously low figure. ‘These two stocks seem to be selling very much out of line with each lother, If you are inclined to specu- late It might be profitable operation to sell Mexican Petroleum short and buy Pan-American against it, The two stocks should gradually come closer together in market value. Q. Please let me know if the Vir- ginia Carolina Chemical Company de- clared an extra dividend last quarter. \If so, was it payable in August or September, WILLOUGHRBY AVE., Brooklyn. A. At last meeting this company | declared a regular quarterly dividend of 1 per cent, on common stock, pay- jable Aug. 1 to stockholders of record j July 15, and an extra dividend of 2 per cent., payable Oct. 1 to stock- holders of record Sept. 16, Q. Is there anything new regard- |ing the United States Steamship Company. Have been holding some of this stock over for a year, LK. A. United States Steamship’s finan- cial statement is expected to be made FINANCIAL Q'S AND AS advise me where I can see a copy of such statement or tf any magazine or newspa ® carry it, as 1 own stock in several concerns who claim to be producing @ great deal of oil and L want to check up their figures with the sworn statement mentioned above. L. KOLLENBER' A. ¥¢ is true that the ol! concerns producing in the State of Texas must file a sworn statement with the State Comptroljer as to their production and the latest report made public covers the quarter ending June 30, 1919 and as the companies in which you own securities are probably in the new fields it would be of little help to you. We are mailing the address of a magazine which recently published a copy of the statement mentioned above, Q. What is the rate of dividend on Wilson & Co., common and prererrea Ans. The present dividend rate on! Wilson & Co. is 1 8-4 per cent. qu terly om the preferred and 1 1-4 per| cent quarterly on the common, | pel Aan onnean Total sales stocks 604,200 shares, The market rounded out the week with @ further advahce which sur-| prised the short interests who were; confidently waiting for what they thought would be an inevitable week- ond break. The steel stocks with Crucible lend- ing gave an excellent account of themselves, while Baldwin made a new high for the year selling as high as 136 1-2, American Locomotive was also higher, Even the low-priced rails joined in the upward move at the end of the} first hour with Wheeling & Lake Erte up to 16-a gain of three points. | Shorts in Retail Stores increased | their debit balance substantially. | Rumor has it that common stock- | holders are to receive dividends of 6 rep cent. annually, which is to be ex- pected, considering the excellent record of disbursements made by United Cigar Stores. Continental Candy attracted attention and a rise in this stock is expected by interests | in close touch with the company’s | parties estimate it will sho~ net-as- sets applicable to the common stock in excess of the present market quota- tion, It is sald that nine steel ships valued at about $2,000,000 each will have been delivered to the United States Government by the company by the first of November, Q. I understand that Sapulpa Re- ‘fining Co, has derived great benefit from activity in the Beggs, Okla- homa field, Can you advise me as to this point; also as to just what fields are the most active in that state at the present time? R. M'CAFFRBY, A. The greatest activity in Okla? |home recently has been in the Osage, | Beggs and Okmulgee districts, Sa- |pulpa Refining has an interest in ‘production in the Beggs field and un- doubtedly derived great benefit from recent developments there. Owing to inadequate shipping facilities the company has started construction of & new pipe line from its plant in Sa- pulpa, Oklahoma, where its 6,000 bar- rel refinery is located, to the fleld. This line will have a carrying ca- pacity of 10,000 barrels daily and will be almost twenty miles in length, Q. Can you tell me the output of Perfection Tire and Rubber Com- vany and the quality of its product? 'T understand they have closed several big contracts recently, Lf this is so, |why should the stock be seling so es L. M th y A. Exact figures as to the Perfe tion Tire and Rubber Company's out- ‘put are not avaliable, but a report recently emanated from sources close to the company intimated that pro- duction would be running at a rate of 0 tires raily by the end of the current year. ‘The company Is under- stood to have closed contracts re- cently with the Nemours Trading Company and the Keystone Tire and Runber Company, Work ona third unit-at the company's Fort Madison plant is sald to be progressing rap- idly, Upon completion of this anit, which will take about another month, the very latest labor saving maohin- ery will be installed, resulting in substantial increase In production. The concern's products are boing ex- tensively advertised both in the press und trade journals, and appears to be up to the standard, The company pears to be fairly Wberally eapital- which might have some Influ- n its present market quotation With time, however, this can be over- com Q.1 understand that under the Texas laws ttt companies operatir ressary for all oil in that state to affairs, The oils were higher. Mexican Petroleum made a new high, while Texas Company was also higher, The copper stocks were dormant. Kelsey Wheel made an 8-point rise to 74, The market continued active and strong to the close, Transactions for the day totalled @ half million shares. OILS ON THE CURB, Opened firm, ‘Texon Oil, Merritt, 23-24; Allied Oil, 11-16—1 1-8; Glenrock, 6 1-8—61-4; Houston Oil, 106—120; Hudson Oil, 13-8—11-2; Isl- —1; and Ol, 771-8; Liv Oil, 27-8; Boone Oil, 81 cit vice Bunk Shares, 48 3 111-8; Commonwealth 1 Shell T 'T, 7 1-2—71 ult, 63 1-2—69; Sinclair Cons Victoria Oil, 13-4—2; Burnett, 1-8 —3-16, The close was strong, Shell Trans- port 704-4, up 1-4; Sinchur Consoli- dated 69, up 3-8; Coinm Pet 611 up 1-2, THE CURB, Opened firm, Sub Boat, 15 1-2—16; Curtiss, 7—11; Eureka, 11-4—3-8; Overland, 201-2—21; Brit Am Tob Regstd, 221-4—23; Allied Packing, 53 5; Golden Gate, 2 Genl As- jue of such production. The ‘ | Midvale Steal CLOSING QUOTATIONS. T7 eres ae & Heth, Stee Bette, Braan RT Cal, Petroleum... eerie e eee es fe = Mer, Marine oft, ’. Mexivan Petroleum. Miami Copper. N.Y. Centra . N.Y, & WN, SELEEEEEESESES FEES FEEEEEEE FEEEe HEEL HEHEHE EE TE 2 cere EARNINGS, Virginia Railway & Power Com- pany, year ended June 30, 1919—Sur- plus after ta and interest, $1,085,- S21 against $1,548,524 in preceding year. r American Seeding Machine Com- pany, year ended June 30, 1919—Sur. plus after charges, &¢., $655,639, equal to $10.11 a share on common stock against $9.86 in preceding year, S. 8. Kresge Compny—August sales $3,405,408; increase $336,705; eigh he » $24,808,752; Increase, $3,271)- DIVIDENDS. Dodge Manufacturing Co, regular quarterly of 11-2 per cent. and an extra of 1 per cent on common and 3-4 per cent_on preferred, Wilson & Co, regular quarterly of $1.25 on the common and $1.75 on pre- ferred. Parish & Bingham, initial quarterly of 75 © ayabie Oct. 20, Chicag & Quincy Rh. R. regular quarterly of 2 per cent. = able Sept, 25, sie NOTES. Hedley Gold Mining Company has passed the dividend due at this time. Three months ago the company de- clared @ quarterly dividend of 10c. a share, It announced that on ac- count of high wages already paid and the demand for still higher wages as well as continued high cost of supplies, the officials nad mumended the utumn and mi¥ should be close Unued, using surplus on hand for this work instead of paying dividends, Stockholders of the Liberty National Bank will meet Oct, 11 to ratify the nequisition of the Scandinavian Trust eed bycine lit nt work at the mine con pany. The question of increasing 1 xt $2,000,000. to $5 considere stern Indiana any gives notice that . 16. interest which pt. . on its I-year per cent. collatera} trust gold notes, due by extension Sept. 1, 1919, will be paid at the office of J.P. Morgan & € Holders of such notes who have deposited thelr notes for extension, with the September coupon attached, | will receive @ check for such interest from Bankers’ Trust The Chica Railroad Comp: on and afte natured 23-4—8; phalt, 901-2—91; ‘Hupp Motor, 11— IL-4} Actna, 101-211; Brit Am Tob, 4—23i Wright-Martin, 4-0; Van- adium Steel, 411-841 1-4; Magma, 4548; Not Tin, 43-8-43-4; Coca Cola, | 38 1-2—38 3-4, close was strong. American Marconi 71-4, up 1-4; ‘Tob Prod Exp 87, up 1; Gen’ Asphalt 921-4, up 21-4. STATEMENT. Ine. BANK Average: Lns, mand Dep. I In., $881,000 tual $34,681,000; _De- Time Dep. 3 Ac- Demand ln. . Dee., Lns. $10,192 Ln, $169,783,000; Bt ‘The Census Bureau reports 502,536 bales lint cotton consumed in the United States during August, In the previous month, 909,703; a year ago, 284,914 Stocks of cotton ©: lusive of lint- rs in manufacturing establishments August 31 totalled 1,196,539; a year ago, 1,214,046; in warehouses, 1,851,- & year ago, 1,804,466; uctive spindles, 4,187,310; a year a 33,- 646,811. August cotton exports to taled 473,87 previous month, 528,902 December March Mi file a sworn statement with the ‘The Mayor charges that Mr, Nixon, Comptroller as to their production In ‘who is paid a salary of $16,000 4 yoor tn barrels and the market value of by the poople,” lied himself with such output, If this ts true can you the tractivr In his letter the Mayor repeats that the & con fare in Greater New York is a condition of I d solemn contracts. if ce Daughier of Dead Jersey Woman 4 NGAI. Ay Ne TEA Is Delicious and Refreshing ‘| At. Your Grocer’s in Sgaled Metal Packets | | him to London. Company as | Accused of fe tives Steph 621 Monroe § thirty-four, No. No, 1594 Union Street, all of Brooktyn,| ine wchedu. ording to a measul were held undes $1,000 bail by Magia- ead t n ed ssion of the COP HELO FOR BEATHIG MAN’ i of®.¢ HE SAYS ABDUCTED SISTER 2\'%.°.3°.\: Brooklyn Automobile Dealer's Wife Said to Be Secking | twee Divorce. | onlous axsault, Detec« Dow thirty-three, N . and Bernard 73 Rut Siedel, © Street, and trate Dodd in the Gates Avenue Court late yesterday Joseph Schaffer, thirty-three, an auto- | organization members. | a most engaging sinner. PIANOS and PIANOLAS at Aeolian Hall BEGINNING MONDAY, SEPT. 15TH REN \ 108, Grands and Uprights of al .. standard makesunay indistinguish- » cable from new, with besofercd at’ great reductions from their regular prices. Pianolas, the world’s standard player- ianos, in such famous médels as the einway, Weber, Steck, and i to i in perfect cont will be inabli and at great savings. Low monthly payments eed SUNDAY'S PAPERS will carry full particulars of the sale Similar bargains may be obtained at all Acolian Branches THE AEOLIAN COMPANY InMANHATTAN In THE BRONX In BROOKLYN In NEWARK 367 Fast rqgth St. 11 Flatbush Ave. 895 Broad St. a9 West qand Se. In The Globe Beginning To-Day The Latest Novel of the “‘Prince of Story Tellers’’ he Wicked Marquis By E. Phillips Oppenheim In this new novel, Mr. Oppenheim has written an en- grossing story of a long planned revenge that was thwarted. The central character is a financially. embar Reginald Phillip Graham Thursford, Baron Travers and Mar- quis of Mandeleys, an English autocrat of the old school and Opposed to the Marquis is Richard Vont, former gamekeeper of Mandeleys, living within the shadow of the ancestral hall, plotting his vengeance against the Marquis for persuading his daughter to accompany Mr. Oppenheim is at his best in protraying his Wicked Marquis in the complicated situations and exeiting experiences which follow. Do Not Fail to Read the Opening Chapters in To-Night’s Globe | mAhtte Acator, of No. 408 Proapeet charges Sh Adar ran means, say Advance Announcement GREAT ANNUAL SEPTEMBER the men with x the gir. are pending Divorce proceed Schaffer and h wife, it is said, >— en's Sew Work Sehe DETROIT. nistration will unreservedly acco proposal of the United Brotherh ote to-day, Thi ne brotherhoa no strike of thé. that there will be ition A assed nobleman,