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Evening star. [volume] (Washington, D.C.) 1854-1972, March 21, 1938, Image 18

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AIR-CONDITIONING
SURVEY FINISHED
Replacement of Equipment
Found More Necessary
in Factories.
Special Dispatch to The Star.
NEW YORK, March 21.—Just who
has air-conditioning equipment, what
kind, how many non-users want it and
who can use more than he has now,
•re some of the matters covered in a
•tudy of the air-conditioning industry
Just completed by McGraw-Hill Pub
lishing Co. On the theory that air
conditioning is believed by many to be
America’s hope of a new industry
which will create employment and use
• vast amount of raw materials, Mc
Graw-Hill’s research staff made a Na
tion-wide personal interview survey,
questioning over 1,500 executives and
engineers in 1,095 companies to find
out the present status of the air-con
ditioning industry in both the com
mercial and industrial fields.
The survey dug into the experience
of 557 industrial companies and 264
firms representing a cross-section of
the commercial market, then went on
to 166 distributors, dealers and con
tractors. 49 engineers and architects
and 39 public utilities.
Highlights of the findings show the
following strongly defined angles:
1. Replacement of equipment seems
more needed in industrial than in
commercial establishments, because
Industrial air-conditioning plants are
much older. Industrial units more
than five years old account for 48 per
cent of the total; in commercial com
panies, only 39 per cent are more
than three years old.
2. Sixty-four per cent of the in
dustrial firms bought their equipment
because of processing needs, while only
36 per cent mentioned comfort as a
decisive reason, but commercial buyers
went heavily (78 per cent) for the
comfort argument.
3. A prime appeal in the commercial
field, determining the type of equip
ment to be purchased, was low cost.
In the industrial plants, dependability
of the equipment outweighed all other
considerations.
4. Air conditioning Is used in sum
mer only by 52 per cent of the com
mercial buyers, and the year round by
47 per cent. The industrial user keeps
his air-conditioning units busy the
year round in 78 per cent of the cases
reported.
5. Among non-users, 50 per cent of
the industrial firms surveyed and 72
per cent of the commercial establish
ments recognized the need for air con
ditioning and about a third of each
class are planning to buy; the other
two-thirds quoted cost as the main
reason for not buying air-conditioning
equipment at this time.
FARM MACHINERY
PROFITS TO DROP
Poor's Survey Predicts Gradual
Decline as Agricultural
Income Recedes.
Special Dispatch to The Star.
NEW YORK, March 21.—Although
the demand for farm machinery has
been maintained at the impressive
1937 level, a gradual decrease in ag
ricultural equipment manufacturers’
earnings is outlined for 1938, accord
ing to Poor’s Industry and Investment
Surveys.
Farm income has been showing a
definite slackening tendency since the
spring of 1937. This has been due
primarily to declining farm product
prices, together with smaller market
ings of some major commodities.
Meanwhile, prices paid by farmers
for their own needs have not come
down proportionately, with the result
that the purchasing value of the farm
dollar has been cut to the lowest level
since the 1935 midyear.
“Although some rise in farm com
dity prices may be recorded from cur
rent levels, average prices this year
will be below those in 1937,’’ states
the survey. "True, the farmers’ in
come will be bolstered by Government
payments, but such subsidies will not
counterbalance tlie lower revenues
anticipated from marketings. Mean
while, no sharp reductions in produc
tion expenses are in prospect.
APRIL MATURITIES
TOTAL $15,012,300
Special Dispatch to The Star.
NEW YORK, March 21.—Corporate
bond maturities during April will to
tal $15,012,300, according to the Stand
ard Statistics Co. of New York.
The number of bonds and notes
making up this total is 68, of which
8 amount to $1,000,000 or more, as
follows: April l—Galv., Houston &
Hend. R. R. "A” 5%s, $1,061,000; Lit
tle Rock Ry. & Elec. Co. Ref. and
Ext. 6s, $1,017,500; Manufacturers Fi
nance Co. 5s, $1,700,000; N. Y. Cen
tral R. R. serial “B” 1%% notes,
$3,000,000; N. Y. Dock serial 5% notes,
$5,500,000; Pa. R. R. Co. Gen. Eq. Tr.
*'B” 5s, $1,340,000; Rail & River Coal
Oo., 1st 5s, $1,043,000; April 15—N. Y.
Central R. R. Eq. Tr. 41/2s, $l,100,00o!
March maturities amounted to $22,
837,500 and the 72 issues and portions
of issues falling due in May total $27 -
148,400.
BOSTON WOOL TRADE
SHOWS IMPROVEMENT
■? the Associated Press.
BOSTON, March 21.—Sentiment in
Boston wool market was inclined to
Improve during the last week as buy
ers increased their efforts to ascer
tain the amounts available in prices
asked for various kinds of domestic
wools.
Actual purchases were rather small
and only for urgent immediate needs.
Prices on active wools tended to
■trengthen. Combing bright fleece
wools were mostly quiet and nominal
quotations were unchanged at 27 to
29 .cents in the grease for fine De
laine. at 28 to 29 cents for half bloods,
at 26 to 28 cents for three-eighths
bloods, and at 26 to 27 cents for quar
ter bloods.
ERIE REPORTS LOSS
OF $504,008 IN MONTH
t) the Associated Press.
CLEVELAND, March 21.—Erie Rail
road reported a deficit of $504,008
In net operating income for Feb
ruary. This compared with net oper
ating income of $1,113,309 in Feb
ruary, 1937. The deficit for the first
two months of the year was $286,074,
compared with Income of $2,301,322
last year. Erie is now in the process.
of reorganisation.
4
Holders Will Vote
On Plan to Split
Dome Mines Stock
Ey the Associated Press.
TORONTO, March 21—Stockhold
ers of Dome Mines will be asked at
a special meeting on April 25 to ap
prove a two-for-one split-up of the
present 1,000,000 shares of no par
capital stock.
If stockholders approve the motion,
and upon receiving supplementary
authorization to increase the capital
to 2,000,000 shares, the company will
issue two shares for each one now
held.
The annual meeting of the com
pany will be held the same day.
MANGANESEDUTY
IS DECLARED VITAL
Restoration to 1930 Levels Urged
as Defense Measure by Chief
of Cuban-American Corp.
Sprclal Dispatch to The Star.
NEW YORK, March 21.—Restora
tion of the manganese tariff to 1930
levels is absolutely essential for na
tional defense and is justified on
strictly economic grounds, Langbourne
M. Williams, jr., president of the
Cuban-American Manganese Corp., a
subsidiary of Freeport Sulphur Co.,
asserted in a memorandum to the
State Department opposing the in
clusion of manganese ores in the pro
posed trade agreement with Great
Britain.
Pointing out that steel cannot be
manufactured without manganese,
and that the War Department, after
exhaustive studies, has listed man
ganese as “strategic mineral No. 1” in
its plans for national defense, Mr.
Williams’ memorandum expressed grave
doubt as to the ability of this country
to secure adequate supplies in the
event of war unless domestic produc
ers are encouraged now to develop
the ore reserves existing in this
country
“While recognizing the basic sound
ness of the trade agreement pro
gram.” Mr. Williams continued, “the
simple fact is that the manganese
tariff at no time operated to burden
or restrict the foreign trade of the
United States, nor has subsequent re
duction of the duty in the Brazilian
reciprocal trade agreement of 1935
served to Increase foreign purchasing
power for American products."
_
INCREASE IN HOG
SUPPLY REVEALED
Smaller Storage Stocks of Pork
and Lard to Offset Gain
in Farm Marketings.
Farmers will market more hogs dur
ing the remainder of the hog-market
ing year that ends September 30 than
went to market during these months
last year, according to the Hog Situa
tion report released by the Bureau of
Agricultural Economics. .
The larger supply of market hogs
is to a considerable extent offset by
the smaller storage stocks of pork and
lard on hand, it was pointed out.
Consumer demand for hog products
in the spring and summer of this
year, however, will be less favorable
than in the same period last year.
For the full period from now until
September 30, a larger proportion of
the total marketings will occur in the
late spring and early summer. A
smaller proportion of the total will
be marketed from midsummer to Sep
tember 30.
The bureau report says, “The
changes in hog prices this spring and
summer will be more nearly normal
than they were a year earlier. Some
weakness in hog prices will develop
during the late spring and early sum
mer as marketings of fall pigs increase.
After midsummer prices may advance
somewhat with the seasonal reduction
in market supplies. This rise in prices
however, may be. limited by the con
tinued weak consumer demand for
meats.”

FEDERAL BUYING
OF EGGS MODERATE
Purchases to Prevent Further
Decline in Prices Termed
Successful in Week.
Ep the Associated Press
CHICAGO, March 21.—Government
purchases of eggs to prevent further
declines in prices became an actuality
last week, but were comparatively
small as the bare announcement of the
■buying program had the desired effect
of raising quotations.
Aiding in the upward trend was a
growing belief that fresh production
in March would be little, if any,
heavier than last week, while April
and May promised smaller fresh re
ceipts.
Wholesale egg quotations advanced
% to 1 cent a dozen last week in the
big consuming centers and held most
of the gains. Future deliveries were
also stronger, the March delivery
running up to 2 cents in Chicago to
21% cents.
Reports on Government purchases
disclosed that only 10,590 dozens of
eggs were taken.
Lighter supplies of fresh and an
active trade served as enough stimula
tion to support the butter market.
Fresh 92-score butter held unchanged
at 291/2 cents a pound, the price at
which Government stabilization buying
has held the market. Futures, however,
were stronger and March was up %
cent to 26%. Government buying
during the week was much smaller in
volume. .
INVESTMENT COMPANY
STOCK AVERAGE DOWN
8m dal Dispatch to The Stax.
NEW YORK, March 21.—Invest
ment companies common stock prices
declined last week, according to the
averages compiled by Distributors
Group, Inc.
The average for the common stocks
for ten leading management com
panies influenced by the leverage fac
tor stood at 9.07 at the close of March
18. compared with 9.74 on March 11.
The average of live mutual type in
vestment funds closed at 10.02 on
March 18, compared with 10.34 on
March 11.
PLANE TRAVEL POPULAR.
NEW YORK, March 21 (Special).—
During 1937 passenger planes of Amer
ican airlines carried over 300,000 pas
sengers a total of 123,7174,318 miles.
It would take one person 78 years to
complete a voyage of the same length,
traveling at 180 miles an hour, and
he would fly a distance equal to 4,942
times around the world.
4
REDUCTION MADE
IN OIL ESTIMATES
Lower April Requirements
Indicate Excessive Stocks
to Be Cut.
By the Associated Press.
The Bureau of Mines estimated Sat
urday that a daily average supply of
3,361,700 barrels of domestic crude oil
would be needed to meet the Nation's
demand in April.
This is 29,900 barrels less than the
March estimate of 137,600 barrels and
4 per cent under the actual daily
April production last year, but 2 per
cent higher than the demand for
domestic crude fbr the 1937 month.
The comparatively low estimate for
April, the bureau said, reflects a
current recession as well as the prob
ability that excessive stocks will be
reduced by curtailing crude runs to
stills.
The bureau reported crude oil pro
duction during the five weeks, Janu
ary 29 to March S, averaged 3,341,000
barrels dally. During this period
crude oil stocks increased 241,000
barrels net, made up of an increase
of 542,000 barrels in domestic grades
and a decline of 301,000 barrels in
foreign crudes.
Estimated April demand for domes
tic motor fuel, the bureau said, was
44.500.000 barrels, or 2.5 per cent
higher than the actual demand for
April, 1937.
Motor fuel exports were estimated
at 3,300,000 barrels.
The motor fuel exports forecast was
300.000 barrels less than the estimate
for March, but 513,000 barrels higher
than the actual exports in April last
year.
Stocks of gasoline, amounting to
85.873.000 barrels on January 31, in-1
creased to approximately 91,700,000
barrels on February 28.
The bureau said stocks further In
creased 1,750,000 during the first
11 days of March, indicating they will
be well above 93,000,000 barrels as of
March 31, unless reductions are ac
complished during the later part pf
the month.
Crude runs showed declines in re
cent weeks. Part of this, the bureau
said, was due to plants closing down
because of unsatisfactory market ccm
ditlons. There was an evident desire
on the part of others, the bureau
added, to reduce runs so as to im
prove inventories.
ALUMINUM FUNNELS USED.
BIRKENHEAD,. England, March 31
(Special).—After prolonged tests had
demonstrated the weight-saving and
non-corrosive qualities of aluminum,
designer* of the White Star liner
Mauretania, under construction here,
have decided to equip the ship with
aluminum alloy funnels. She will be
the first vessel of her size in the world
to have such equipment.
USED-CAR STOCKS
CONTINUE LARGE
Berens Bulletin Declares Drive
Helped, but Sales May Affect
New Demand.
Special Dispatch to Tha Star.
NEW YORK, March 31.—No great
cleanup of overhanging inventories of
used automobiles resulted from the
National Used Oar Week, according
to the weekly Berens Bulletin. It
says that the “concerted drive, how
ever, did relieve the inventory situa
tion somewhat.” Hie service con
tinues:
“The more important thing to watch
is what effect this heavy drive will
have on the usual seasonal trend of
automobile sales.
“Some of the sales attracted by the
National Used Car Week drive would
have come in a little later without
the special promotion. Some buy
era of used cars, in the normal course
of event*, might have bought new 1
car*.
“Dealers complain that prospective
purchasers of used cars expected
‘greater bargains’ which, if the ex
pectations of the buyers were ful
filled, ‘would have been as bad as hav
ing the can on our own hands.’
“No great pickup in automobile
production is induced by the results
of the used car sales drive, or the
trend of current buying of new cars.
Auto accessory companies' businesss
this year is expected to run only 50
per cent of their 1937 volume.
“Automobile manufacturers are
planning revolutionary changes in
models, but these will not be intro
duced until next season.”
RUBBER-METAL LOCKED.
AKRON, March 21 (Special).—The
B. P. Goodrich Co. has developed a
new process called vulcalock, for bond
ing rubber to metal surfaces. The
two materials are united so firmly
that a direct pull of many thousands
of pounds can be withstood.
DEMAND FOR VIRGINIA
FRUIT GAINS ABROAD
Spec!»I Dispatch to The Star.
WINCHESTER, Va., March 21. —»
Apple exporters received word from
British connections that a better in
quiry prevailed for Virginia fruit In
London, Liverpool and other British
markets last week, and that prices
were slightly higher than a week ago,
particularly for green-colored varieties.
Albemarle Pippins at London
brought from $5.47 to (6.06 per bar
rel; Winesaps, (4.97 to $5.60, and
York Imperial from (4.97 to (5.47.
The decline in the value of the
French franc was having a depressing
effect on imports of American apples
in Paris. It was reported that a large
share of the imports were being made
on a 20 per cent advance basis. New
purchases were at a standstill as the
week closed.
American goods received into Bul
garia increased nearly one-third last
year.
*
I
*
*
DAY OF SPRING! There’s
a new zest to living! Appetites will be keener and ready for new spring
foods. Your nearest District Grocery Store offers a complete variety. Phone
your order. Free delivery.
4
District Grocery Store J U S f* CZ O I I I S f* ¥ I C f" 2 0 1 d2 These Prices Effective in Washington and Vicinity Until
* s m ■ ■ V «. rnm W ■ mm Close of Business Tuesday, March 22nd, 1938.
Shoulder A
Lamb Roast lb> I Tc
Breast of Lamb-<b 12c WjSjsrL^gSk
PLATE BEEF - - -
13 W S-T-E-A-K-S Swift'$ p,emium
round.ib. 33c BOLOGNA
SI RLOIN.lb. 37c J"' c‘““ •'J VmM"’
PORTERHOUSE - ib. 41 VEAL ||| I
I All Steaks Cut From U. S. Govt. or
' Graded "Choice" Steer Beef PIMENTO
Every Sunshade .... D. d. g. s.
Egg Is a Large, . .‘l ,1. SLICED a J7e
White, FRESH Egg MARGARINE BACON .. J /
U. S. Govt. Groded and Doted _ - Brandywine
SUNSHADE 2.1 25‘ SK -37'
.. '£ 29'
Joz 2 1 ^ GOOD LUCK 1 Spied Horn]
**1 MARGARINE Sunshade I
U. S. Standards, Large BOLL ^ H
C,"‘’ 8 pkg 20C BUTTER ...lb- 35
Dee Gee Selected „ _ . _ . D. G. S.
FRESH , "JHc in Licensed Ssteo°sn,y CREAMERY 3 Ac I
| EGGS — doz* Z #C l____ BUTTER lb‘
I You Can Make Corn
IHtt • Muffins in a Jiffy
HBIfLAKORN CORN MUFFIN MIX
MWmm *^° contents °f one package add one un- m
■MKjjja&Hj beaten egg and Vi cup of sweet milk. ^ oz ^ ■ |^Z (
Mix until smooth. Bake in moderate oven.
BY THE MAKERS OF FLAKO PIE CRUST P 9S‘
Bright, Clean and Smooth
FRESH BEETS_bunch P(
Firm, Clear and Crisp
FRESH CARROTS- - bunch
YELLOW ONIONS — 4 lb‘- 1 5C TOMATOES __ 2 ,b»- 19c
1 GREEN KALE~__ — 4 lbs 1 5C IDAHO* POTATOES _ 5 lbs* 14c
U. S. No. 1 Stayman or ■ — ^ —
Delicious Apples.4Ik,14c
Extra Fancy Western Delicious Box Apples___4n»«. 25c
Juicy Florida Grapefruit_2 *« 15c and 4 1or 15c
FOR
UifeFL0R'DA IQc
__ VALENCIAS lw
» - •
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