Evening star., 1938-09-19

lIdup
group officials will attend the meeting,
and several have places on the pro-
gram, including John c. Gall. who will
discuss Federal Regulation of the
Employer-Employe Relation" and
Charles P. Garvin, whose subject will
be Trade Associations and the Ma
tlonal Economic Committee Inquiry"
Two other Washington speakers will
have prominent places on the pro-
gram-Prentiss L. Coonley, assistant to
the chairman of the Business Advisory
Council whose subject, Industry
Government Relations" will include
his impressions of the results accom-
plished at the informal conferences
between representatives of industry
and New Deal officials and Dr.. E. G.
Nourse of Bookings Institution. who
will deal with Administered Prices
and New Types Of Competition
Issue May Be Delayed.
In view the present uncertainties
there were reports today that the
$4,000 900 issue of Michigan Consoli-
dated Gas Co. per cent bonds of
per cent serial notes of the same COM
pany might be delayed beyond their
scheduled date set tentatively as Sep
tember 81 or %
On the whole. the market performed
better this morning as fears over the
European situation diminished Bro
kers had new topic of conversation
in the spectacular gyrations OF Loft
shares, which closed at Saturday
and went to 5 and higher in heavy
trading on the favorable court deol-
sion in the Pepsi-Cola case
With more than $50 per cent profit
over the week end. number of traders
had some cream to skim. From
cautious angle, brokers suggested that
an appeal from the decision awarding
the Pepsi-Cola shales to Loft would
probably keep the case in the courts
for some time and Loft earnings
statements have not been very favor
able so far this year
Food Costs Decline.
Retail food costs in Washington de-
clined 2 of l per cent further in the
month ended August 16 and were 86
per cent below the corresponding 1887
period, according to the monthly re-
port from the Department of Labor.
National food costs were reported
2 per cent lower in the month and 83
per cent below year ago. Baltimore
costs were Is per cent down in the
month and 68 per cent below 1887
levels.
Contrary to the general trend in
Washington, egg prices scared ll.9
per cent, compared with the previous
month. Capital fruit and vegetable
prices in the same period. however,
slumped 81 per cent; sugar and
sweets declined IA per cent dairy
products remained unchanged, cereals
and bakery products gained OIL of
per cent. meats advanced | per cent,
beverages and chocolates gained a of
per cent and fats and oils advanced
2.3 per cent.
d. C. Office Is Winner.
William M. Candy, Washington man
ager for wellington Fund, with Offices
in the Woodward Building, reports an
increasing interest in this investment
trust.
He has just received notice that
the Office here is the winner in a
contest for new business sponsored by
the home Office and covering the past
three months.
The fund has declared its 35th
consecutive quarterly dividend.
Dividend Is Declared.
The regular quarterly dividend of
Sl.25 per share on the capital stock
Of Security Storage Co. has been de-
clared, payable October 10 to stock
holders of record at the close of busi-
ness October S.
Joseph F. DoWdall, manager of the
Winthrop Mitchell g. Co. office here,
has returned from a vacation in Ber-
muda.
Ten shares of Washington Gas Light
preferred sold at 99$4. down ls point
from the last previous sale on the
Washington Stock Exchange share
Of American Security e. Trust sold
at $40, down IA and equal to the
years low.