Evening Star Newspaper, June 28, 1923, Page 27

Another Cruise - AROUND THE WORLD on the “SAMARIA” ’ Jan. 26th to June 3rd, 1924 Rightly encouraged by the remarkable success of our 1923 Golden Jubilee Cruise, we have rechartered the splendid Cunarder “saMARIA™ —that p 1924 Cruise Around the World. reeminently suitable cruising steamer — for our An itinerary superb—130 days—sailing eastward from New York and meeting Springtime in every country visited. Comfort, luxury, leisure—plus the services of our unique chain of permanent offices all along the route. Literature on Request. Cruise Limited to 400 Guests. THOS. COOK & SON 245 Broadway NEW YORK or Local Steamship Agents STEAMSHIPS Length 775 feet; Breadth 83 feet; 32,000 tons; 30,000 Horse Power; Speed 20knots; OitBurning TO EUROPE—THE L UXURIOUS WAY The Last Word in Comfort and Convenience THE NEW S. S. COLUMBUS The largest and swiftest German ship afloat has been constructed and furnished to uphold the enviable popularity this line enjoyed. There is no better service than North German Lloyd. NEW YORK—PLYMOUTH—BREMEN FIRST SAILING from New York October 24; later Nov. 28, Jan. 5. FIRST SAILING from Bremen October 11; later Nov. 10, Dec. 12. Accommodations are the highest obtainable. Most of the cabins are outside and 50 are for ONE PASSENGER ONLY. Beds, 50 private bathrooms and 13 showers. Hot and cold running water in every room. Electric Passenger Elevators, Social Hall, Smoking Room, Library, Court, Photo Dark Room, Children’s R Gymnasium, Palm oom, Cuisine for which 'this ime i world- renowned will be maintained in even greater perfection. Extraordinary Accommodations on the New Twin-Screw S.S. MUENCHEN New York to Bremen Direct FIRST SAILING from New York July 7; later Aug. 11, Sept. 14, LATER SAILING from Bremen July 28, August 30, Sept. 29. SUPERB ONE CLASS CABIN SERVICE TO BREMEN DIRECT WEEKLY For Rates, Reservations, stc., apply at Company’s offices, 14-16 Peisvl Strest, New Yort or amy lecal . S. Agent NorTH GERMAN LLOYD Voyage de_Luxe to the MEDITERRANEAN v the Now 22,000 Ton Palatial Liner GIULIO CESARE JULY 7th Largest and Fastost Italian Lincr. Other Sailings to GIBRALTAR and ITALY /| Taprmina ....... . July 17 Aug. 25 Golombo 5 July 31 Sept. 11 ! America. Aug. 7 Bept. 21 ITALIA AMERICA SHIFPING CORP. One State St. Compare the through —farcs, plus sleeping car rates and cost of meals on the journey, and you will be convinced that the Jowest total cost and most comfortable route is offered by Direct Ocean Ship and , Shortest Rail Ride From New York «Via GALVESTON Houston Austin Beaumont Dallas San Antonio Waco Brownsville Ft. Worth \Eagle Pass El Paso Corpus Christi Laredo Corpus Cristi Laredo Cool ocean breezes, ample deck spaces and comfortable social halls. Oil burning stéamers famous for high standards of service and wide rangeofstateroom accommodations. Fast through passenger and Freight Service to alf points in Texas, Oklahoma, New Mexico, Arizond, and Pacific Coast. MALLORY LINE A. W. Pye, Passenger Traffic Mana~ ger, Pier 36, North River, N. Y. K STR “ SUV/ HONOLULU. NEW ZEALAND Fhe Wenl Equipped Royal Mail Steumers “NIAGARA" (20,000 tons)..Aug, 3 YMAKURA™ (13,500 tons)....Aug. 31 . Sall Trom" Vancouver, B, ov. 2 SOUTH AFRICA UNION CAbS'TLE LINE for «atlings and further Information sopty Eanderson & Son. Gen. Passenger Agts. 26 Broadway, New York, Or Any Stesmship Ticket Agents. FRENGH = New Yor! Line S5, “"Join the Ezperienced Travelers®” The Magnificent “FRANCE” ¢ Wed.. Juy 4 (Sailing 11 A.M.) PARIS. .. . July 18 Aug. 15 Sept. 13 BANCE ... July 25 Aug. 22 Sept. LAFAYETTE.Aug. 4 Sept. 1 Sept. New York—Havie—gParis Popular priced_one-class ahipy g0.......June 30 Sept. 8 Oot. Suffren July "2 Aus. 32 Bept. Rochambeaw. July 7 Aug. 9 Sept. ra Savoie....July 14 Aug. 11 Sept. Roussillo ... July 28 Aug. P New York- -Vigo(Spainy—Bordeau: La Bourdomnais.July 12 Sept. 18 Oct. 30 B Roussillon. . . ..Oct. 8 Nov. 20 Jan, 1 New York Daylight Savéng Time Local French Line Agexts or Gompany's Office, %08 New York Ave. N.W. EUROP BERMUDA MAKE SUMMER BOOKINGS NOW Mediterranean, Caribbean and North Cape Summer Cruises Europe, Orient, South Ameries Stezmahip Tickets—All Lines Regular Rates OBER’S Steamship and Tourist Agency No. 1 Woodward Bufiding Phone Main 1089 Marshall Hall And Mt. Vernon Mt. Vernon, 10, 2:30 For Marshall Hall, 10 2:30, 6:30 Fare Mt. Vernon, 85¢ Admission %o Grounds Extrs. Marshall Hall, 50¢ Steamer Charles Macalester Sevemth St. Whart Chicken Dinner st Marshell Hall, $1.50 CUNARD ano A P x. 23 1-’mrnxi | BERENGARIA. ¥ Y. to Pi ALIA i 1| ALWAYS THoUuS HY GUS HAQO MORE THIS MUST BE TERRIGLY EMBARRASSING To CEORGE . | NEVER SUSPECTED HE WAS SucH An OLD FooL ! THERE'S A FumMmY 'SID€E To 'T AT THAT. THESE METHUSELAHS ! ACTUALLY BELIEVED THE LITTLE SQUABS € I LOVE WITH ‘eni! SERVES ‘€M, RIGHT WHE St THEY ¢ GeT STuNG ! | “Plans to connect Kagtanga, Belgian Congo, with a west Africa coast port emphasize the extreme range of civilization in this mid- {continent colony.” says & bulletin | from the headquarters here of the tional Geographic Sociely. | “Motor roads network s region where campers still build fires by night to ward off lions. amd where | native savages chant, ‘White® mian; white man, wé&'ll dance tomorrow { with your head on the end of ® spear.’ I “Bantu tribesmen do busin®ss with | calico money Elizabethville, the colony's capital, has both a Belgian {and an English bank, seven hotels, !five hospitals, and its streets and lavenues ~and credit to a European city. i Vehicle of Ploneers. } “Railroad building in Katanga is {in keeping with the excellent com- i munications rapidly established #n an {area not long ago called Africa’s most [inflc(‘»ssibl! part. The Congo Collony has the natural advantage of the 10, 1000 miles of navigable waters af- Iforded by the Congo river and its | tributaries. | "“Steel ralls and macadam high- ways supplemented these wager {Youtes, but it is to the humble bicycle jthat Belgian Congo owes its initial ldevelopment. The tsetse fly was an {effective bar domesttc_animayls, STEAMSHIPS. A —— . o —————— COMPLETE OCEAN STEAMSHIP SERVICE WHITE STAR—To Channel ports. Liverpool, and I B Leeptug i e Olympis, Fomero amd werlds Tateeat” ohip, Wajestic, Reguiar express serviee. 'AR—To A 3 '.';“r%'-.-u ® and 3.....: Mended vy the 'm"-,-fl:a Lap- ded l‘::d lll"ll new Belgenland. AMERICAN LINE—~To Hamburgh Service of regularity, dependa- bility, comfort and convenienee. Washington officer 1208 F St. n.w. i R. M. HICKS, Manager. H e s to property is \ unbelievably long time. 710 12th St. N.W. in the hence AN THE , €0 18 THE LAST Wiy, ED _'Nsb A Y, To WRrTe A Sttty L T A MoDee | Too BAD! T dap! weee, THis TSk ! HE' Thrs Oow To 3 1S ELmER'S CL NEVER. LIVE ! oMLYy FMSELF oUGH = TueoLo 10T ! MY DARUING LITTLE PEPPERMINT: 15 S0 DREFFUL NIGHT, THE HEAVEMS — THE POET CAL . TA YOUR. OLD SORILLA MANS LONESOME THIS BEAUTIFUL S ARE TWINKLING 1N THE GET ME-NOTS OF THE ANGELS , LS THEM — AMD THEY REMINDG ME OF MYy LITTLE PEPPERMINT'S SPARKLING EYES. X XX X X % %) 1 wiLL BE AT THE STAGE ENTRANCE AT 11,30 To-MoRROW RUEGHT, MYy LovELY u.n-v-n.u FiReFLY — Calico Money and Bicycles . Boost Cityhood of Katanga ploneer whites first carved out .wheel tracks Instead of bridle paths. “The present rail outlet from Ka- tanga interior is the line from Bu- kama to Cape Town and to Beira, on the east coast. The project now un- der way will link Bukama to the Ben- guella railway, already running into Angola from Labitu bay. Has Famous Copper Belt. “This shorter haul has a world in- terest, as any one realizes who has watched Congo's river craft laden with palm ofl, cocoanuts, ivory, rub- ber and sugar. “Once the Congo river bed was an inland sea, but even then the Katanga plateau was high and dry. Today much of Katanga, which is as large boulevard - would do |, cqlitornia and South Carolina to- gether, is free from the tsetse fly, hence 'cattle thrive there. The sofl is fertile. However, Katanga's chief asset in the eyes of modern states is her mines, particularly her famous copper belt. Tin, iron and coal also are mined and gold is found. “Even in modern Elizabethville representatives are in evidence of the two million or more Bantu natives, who range from jungle head hunters and the forest pygmies to the Swa- hili language group whose literature has been the subject of close study. The ethnologist holds the Congo's chief riches to be in natives whose tribes, languages and development stages are exceptionally diverse. “To the layman on a street corner of Katanga's capital the passing show of natives has the interest of a museum—the man who Wwears ivory rings on his fingers, the woman with a metal circlet in her nose, the peoplé who file their front teeth to a point, some who subsist on arrow root and others who hunt game with polsoned arrows. For the expert thess types have a deeper interest. Each Is a chapter in the fascinating story of human progre: » "LIVERPOOL COTTON. LIVERPOOL, June 28.—Cotton—Spot, limited demand; prices firm. Good mid- dling, 16.59; fully middling, 16.49; mid- dling, 16.3¢; low middling, 16.09; good ordinary, 15.59; ordinary. 15.29. Sales, 5,000 bales, including 2,200 American. Receipts, 4,000 bales: no American. Futures closed very steady: June, 15.61 Jul; 15.1 September, 14.18; October, 131’3‘: December 13.23: January, 13.05; March, 12.90; May, 1 Protection— You will find that the¢best Paint to apply to your “Murco’’ Liquid Paint It provides perfect: protection for the surface to which it is applied from the elements. easily put on and will stay where it is put for an almost It is this long wearing property that has earmmed for “Murco” the name of “Lifélong.” Specify “Murco’ on your next job whether it be large or small, interior or exposed to the weather. You are buy- ing satisfaction when you buy *“Mureo.” “Murco” Liquid Paint is “Murco” Paint isn’t just ahi}’\‘aphazard mixture of mongrel ingredients—but everything tha : com;i‘;sition has been scientifically sélected. It's 100% pure—and prepared for practical use. that enters into its ALL é&olors. Sizes for every job. E. J. Murphy Company Main 5280 TBSTOCKS REACH YEARS LOW MARSS Market Averages Lowest Since Last July—Other Wall Street Briefs. By the Associated Press. NEW YORK, June 28.—Combined market averages of railroad and in- dustrial stocks at the close of busi- ness last night were the lowest since last July. One hundred and sixty of the stocks traded in yesterday sold at their lowest price of the year. While most of the liquidation has been for the account of professional interests, transfer clerks in various trust companies report a large volumé of transfers for holders of small amounts, many 5f whom have jheld the stock for long periods. The option for the purghase of 26,- 000 shares of common stock and 7,500 shares of preferred of the Pittsburgh and West Virginfa railroad, held by the Metropolitan Life Insurance Com- pany, has been exercised by C. E. Tuttle, coal operator, and W. A. Har- riman & Co. No announcement was made as to the option price. The first twenty-thres class 1 railroads to report their May earn ings show combined net operating in- come of 331,234,648, against $19,487,- 251 in May, 1922, ‘The pamphlet repart of the Inter- national Mercantlle Marine Company shows a deficit after depreciation in 1922 of 32,408,081, as_against a sur- nll;l of $4,260.678, or $8.23 a share, in 1921 § Demand sterling was quoted in the local market today at $4.59%, a new low record for the year. The previous low price was $4.597%, established earlier in the year. —_— SEEK FURTHER PROBE. NEW YORK, June 28.—Willfam M. Chadbourne, counsel for the creditors of E. M. Fuller & Co., bankrupt bro- kerage firm, has sent letters to DI trict Attorney Banton and United Stdtés Attorney Willlam Hayward, requesting them to fnvestigate .facts indtcating that crimes other than bucketing, to which Fuller and Wil- liam F. McGee, his partnef, pléaded guilty, had Been committed by the rm. Willilam McHugh, former head mar- gin clerk of the Fuller firm, who was indicted a month ago on a charge of buoketing orders, surrendered . yes- terday and was held in $2,600 bail when he entered a plea of not guilty beéfore Judge Morris Koenig of gen- eral sessfons. JUNE 28, 1923. A BANK DISPUTE OVER CUBA IS ADIUSTED Boston and Atlanta Federal Reserve Banks Agree on Btranch Co-Operation. For some time the Federal Réesérve Foard has becn considering the mat- ter of the use of Federal Reserve and other currency of the United StSates i Cuba. This country's relations with Cuba are unique, because of the rrovisions of the Platt amendment, ond also because the currency of the United States has been made iegal tender by act of the Cuban govern- ment, but no adequate machinery has ever been set up by which unfit paper currency could be sent back to the United States for redemption and re- vlacement. The board has finally declded to ap- prove a plan agreed upon by the Fed- eral Reserve Bonks of Atlanta and Foston, by wh they are to open agencies in Havana, working co- operatively along certain definite lines. It happens tlhat a considerable part of the paper currency in Cuba’ consists of notes issued by the Fed- eral Regerve Bank of Atlanta, and the plan 18 expected to continue these Fotes in circulation It is expected that currency will be presented to the agencies for the pur- chase of cable transfers, and that the currency so received will be at once sorted, 8o that the unfit bills can be sent back to this country for replace- ment by new curreney. The new money will then be put into circula- tlon through the purchase by tHe re- Serve agencies of bills of exchange from the banks opérating in Cuba. This, it is expected, will result not only In replacing unfit paper money with new currency, but will have a tendency to stabilize banking condi- tlons. Banks operating in Cuba will be enabled to carry on their business ! without the necessity of holding ab- |normal reserves, and will be able at any time to obtain currency by sell- ing prime bills of exchange originat- ing in import or export transactions. The board's regulations have under- taken in some detail to safeguard these transactions. It was on the application of the Boaton Rescrve Bank that the matter first came definitely before the board, and it was through agreement be- {tween the Atlanta Reserve Bank and the Boston bank that it was worked out in detail. TRAP WOUNDED MAN AFTER FATAL GUN FIGHT Motor Cycle Officer Killed in Chase of Auto Before Round-Up of Suspect. | By the Associated Press. FLINT, Mich., June 28.—Earl Han- er, twenty-three, was arrestéd in a rooming house here this forenoon after an exchange of shots with of- ficers who sought him in connection with the killing earlier today of Avery M. Hudson, Flint motor cycle officer. Haner was shot in the shoul- der by officers when he opened fire on them. Hudson,, twenty-four years old, was {shot off “the running board of a speeding automobile he attempted to stop. The machine, a light sedan bearing an Ohio Mcense plate, was sighted by the officer as it sped south through the thickly populated districta of the clty. Hudson gave chase, and as he leaped onto the run- ning board the driver fired at him three times, one hullet entering the officer's head and another lodging in his heart. Hudson's body toppled to the pavement and the machine sped on. INJUNCTION HOLDS UP DIVIDEND PAYMENTS Accumulative Amounts on O0ld Stock Would Have Been Overlooked. By the Assoclated Press. WILMINGTON, Del, June 28— Chancellor Wolcott, in the court of | chancery, has granted a preliminary in- junction’ to Testrain the American Public Utilities Corporation of Grand Rapids, Mich., from paying a dlvi- dend on the new preferred stock, due July 1, before the accumulative divi- dend on the old preferred stock Is paid. This restraining order stands in case a final disposition of the ac- tion is not made before July 1. The accumulative dividend on the 0ld preferred stock amounts to 24 per cent in cash and 4% per cent in script. The application for the injunction was made by four Philadelphia stock- holders. TWO $1,000,000 THEATERS PLANNED IN FAR WEST Special Dispatch to The Star. SAN FRANCISCO, June 28.—Two theaters costing $1,000,000 each whl be bullt immediately in San Fran- cisco and Los Angeles by Louise R. Lurie for the Thomas Wilkes Theatrical Syndicate, now operating large playhouses in Denver, Salt Lake City, San Francisco and Los Angeles. The theaters will be among the finest in the west. BROKER IS ARRESTED. BALTIMORE, June 28—F. M. Young, local “blind pool” stock oper- ator, who is_under indictment on charges of obtaining money under false pretenses, was arrested in Phil- adelphia yestérday by Post Office De- partment officials. Young, it was shown upon investi- gation of his affairs, had taken in more than $3,000,000 in the nine years of his operations, with customers numbering 5,000 He disappeared prior to his indict- ment last March. == while you are away. The oftén as nécessary. Rates by Mail- Postage Paid Payablé in- Advance Oné weéek...20c 15¢ Al other States— One month. .85¢c You'll Want to Know What'’s Going on in Washington —ho matter where you are spending the summer. Order The Evening Star-The Sunday Star sent to you régularly address may be changed as Maryland and Virginia— Al Dally Sundey One month..70c 50c 20c Sc 60c 2S¢ © 874,000 | ber, COMMODITY NEWS WIRED STAR FROM ENTIRE COUNTRY ST. PAUL, Jiine 28.—Storms which havé swept this seption recently did little. damages and aided crop pros- pectd. by heavy and needed precipita- tion. Raflway and government sur- veys todey Indicate favorable crop conditions’ generdlly, although the next téur weeks will be a critical period, . CLEVELAND, June 28.—Judging from thé orders for axles and springs which haveé been booked for July, Au- pBust ‘and September delivery, sald a large mofor accessory manufacturer today, “the passenger automobile trade’ fs holding up well in spite of predictions of a slump. The truck business is coming along in splendid shape.’ LEWISTOWN, Pa, June 28.—Thé Viscose Company of America, manu- facturers’ of artificfal silk, has contracts for twenty-five homes for employes who will be engaged in their new factory here now under con- | structlon, CHICAGO,,June_28.—Active trading is characterizing the hide market here after @ period of lethargy. Close to half a million hides changed hands in | one day this week, large quantities | of native cow hides going at 10 cents | 2 pound while branded purchased at 9. PHILADELPHIA, June 28.—A sat- isfactory working agreement Is ex- pected today to result from confer- ences arranged between the United Clothing Contractors’ Assoclation and ~the Amalgamated Clothing Workers. - About 2,000 workers will bé affected WILKES-BARRE, Pa, June 28.- Massachusetts legislaiive commis- slon i& now making an exhaustive investigation of the anthracite field to determine just what can be done to secure New England an adequate supply- of coal next winter, CHICAGO, June 28.—The incréased consumption of gasoline in this sec- tion, continued today to exert a strengthening influence on the mar- ket here, although the prices have not been materialiy affected, owing to large stocks held. SEATTLE, June 28—So far this year about 250 carloads of lettuce from western Washington farms have heen shipped to eastérn mar- kets out of an estimated production for the year of 1,200 cars. Growers say that, because of quality and du- rability In shipping, the product is able to tompete with eastern lettuce whert shipped by express. STOCK EXCHANGE MAY AMEND RULES By the Associated Press. NEW YORK, June 28.—An amend- ment to the constitution of the New York stock exchange, designed to pre- vent members from -incorporating branch houses for any part of their business, so that such corporate busi- ness is placed bevond the control of the exchange, was submitted to the membership today. Unless the amend- ment is disapproved within one week it will become a law of the exchange. The amendment provides that no member or firm registered on the ex- change shall act as broker for any corporation or association engaged in the brokerage business if such busi- ness is controlled by stock ownership or otherwise by the members or any of his partners. CRUDE MATERIALS LEAD IN IMPORTS Commerce Department Gives Out Figures for Month of May. cows were A Crude materials intended for use in manufacturing constituted 39 per cent of the total imports into the United States during May, it was shown in figures given out today by the Commerce Department, and manu- factures partially finished, made up an additional 20 per cent. In exports there were only minor | § changes from the totals shown during May, 1922. The figures gave the following classifications, with comparisons with the corresponding totals for May a vear ago: Exports—Raw foodstuffs, $25,997,000. against $34,151.000: foods ready for consumption, $49.130.000, against $50 369,000; raw materials for use in man- ufacturing, $53,302,000, against $64 manufactured commoditie $130.848,000, against $112,161,001 partly manufactured products, $50, 090,000, against $40,422,000. 3 Imports—Raw foodstuffs, $28839,- 000, against $31,264.000; foods ready for' consumption, $59,892.000, against $34,785,000; raw materials for use in manufacturing, $144,924,000, against $87,877,000; manufactured commodi- ties, $65,320,000, against $58.268,00 partly manufactured goods, $73,774. 000, against $39,595,000. TODAY’S COTTON PRICES. Some Advances Made After Yester- day’s Declines. NEW YORK, June 28 —Yesterday's deolines were followed by advances in the cotton market during today's early trading. There was some fur- ther scattered selling on the favor- able weather reports, but the cables were better than due, and rather a more cheerful feeling in stock mar- ket circles was &upposed to be re- flected in some Wall street buying or covering. The opening was steady | at an advance of 60 points on Au-| gust and of 4 to 14 points on other | months. July Sogn sold up to 27.22, owing to the continued absence of notices, making & net advance of 32 points. Later months were not quite 0 strons, but October worked up to 2475, or 28 points net higher. NEW ORLEANS, June 28—Cotton opened quiet; July, 27.15; October, 23.804 December, 23.45; January, March, 23.22, Better cables than too much rain in portions of eastern. belt and complaint of the ef- fect of high temperatures of Texas put the price of cotton higher today. In the first hour of trading positions rose 26 to 28 points to 27.46, for July and 24.11 for Oc- tober. NEW YORK, June 28.—Cotton fu- tures, 11.45 a.m.; bids barely steady July, 27.05 asked; October, 24.53; De- cember. 23.99; January, 28.64; March, 23.60. NEW YORK, June 28.—Cotton fu- tures closed steady: July, 27.30 to 27.33; October, 24.90 to 24.91; Decem- 24.38; January, 24.05; March, 24.00. Spot cotton steady: middling, 28.55. NEW ORLEANS, June 28.—Cotton futures 11 a.m., bids quist. July, 27.30; October, 24.12; December, 23.73; Jan- uary, 23.55; March, 23.60 asked. Ex Dividend Table, July 2— American Stect Pouniti Howe Sound. . Trankpor Northers Boetfe. Philadeiphia Co. Plek, Albert, a.. Tty 8— nprod. & Ref Gomn brod: & Ret of. Federal Motor Truck, Gasy BBuaEE B3Y R lel! and | drought on the plant in some sections | . T 1 BOOST IN FREIGHT - RATES SUSPENDED: I. C. C. Orders Western Rail- roads to Hold Up New Rate Schedules. | Western railroads were ordered to- lflfl_v by the Interstate Commerce Com- {mission to suspend until October 29 {new freight rate schedules on petro- |leum products moving from Kansas {and Oklahoma producing plants to South Dakota and western Nebraska consuming territory. The new rates would have gone into effect July 1, and would have al- most doubled the existing rates on tl‘u_d(s, fuel and gas oll. . Examples of the changes proposed, as given by the commissio: showed that rates on oil feom Kansas and Oklahoma to Rapid City, Deadwood and other South Dakota points are at | present 54 cents per 100 pounds, but would have been increased by the new {rate schedules to $1.02 and $1.06 per = 100 pounds. B. & 0. DIRECTORS FAIL TO ACT ON DIVIDEND Think Common Stockholders Bet- ter Served by Delay—Pre- ferred Voted. NEW YORK, June 25.—No action was taken by Baltimore and Ohio di- rectors yvesterday toward resuming * dividends on the common stock. The regular semi-annual dividend of 2 per cent on the preferred stock was declared, payable September 1, stock |, of record July 14. Surplus after preferred dividend for the six months ended June 30 was Biven as $6,858,350, this being ap- plicable, had the directors so or- dered, for a dividénd on the com- mon. “The result of the first six months” operations,” a statement issued by the directors said, “when taken in connection with the present outlook, would no doubt have justified the re- sumption of dividends to common shareholders out of the earnings of that period. “The board, however, after giving careful consideration to all the facts and conditions, decided unanimousty that the real interests of the common shareholders would be best served at the present time by using the avail- § able surplus resulting from the first , ;le months’ operations to anticipate {the final payment of $1,750,000 and to thus complete the full appropriations required under the $35,000,000 loan, and to provide also o of the half year's income for the cash payments, approximately §5,000,000, réquired in jconnection With the new equipment § {ordered. It will be remembered that the loan of July 1, 1919, above re- ferred to, provided for the appropria- | tion of $3,500,000 annually out of the income for capital expenditures be- {g:e ’:hP de(}lasrazl(:n of dividends until um of "$17,500,000 had be u]\Prol?rlated. SR This course will enable the com- § pany to complete the appropriation of $17,500,000 for capital expenditures as_required under the terms of the !Z.:,IDULI,("YB‘ loan, and also to complete the financing of more than $22,000,000 of new equipment. The company will therefore, enter the last half of the : year with no charges against the ! net Jncome ahead of the common § » except the fixed ch; that particular period.” o0 °F —_— C. & 0. REPORTS GAINS. May Earnings M ~h Better Than Those of :ear Ago. RICHMOND, June 28.—A general in- crease is shown on the Chesapsake and Ohio report, with a net operat- ing income for the month of May of |{$1,983,764, against $1,573,436 in the corresponding perfod of last year. The | {Bross income for the month of May {was $8939,615, as compared with © 7,657,318 for the same period in 1922, For the first five months of the year the ne perating income in 1923 ‘was $7,624, . against $7,192,118 last year; ‘and the gross income was $39.- 614,834, against $35,302,745. { CAR LOADINGS DROP. { But Enormous Amount of Freight Is Still on Move. Loading of revenue freight for the week ended June 16 amounted to 11,007,253 cars, a decline of 5,996 from the total for the preceding week, but 158,596 above the same week last year jand 231,9 in excess of the total for the corresponding perfod two years ago. Increases were noted in loading of forest products, ore and coke, while loadings of merchandise and miscel- laneous freight, coal, grain and grain | products and live stock showed a slight decrease from the total for the | Previous week. | { DAMAGE CLAIMS CUT. Railroads Greatly Reduce Losses During Year. During last vear the railroads of the country reduced by $48,645.000 the claims paid because of loss and dam- age to freight in transit, the total for 1922 being approximately $48,000,000, | against $96,730,000 for the preceding jyear and $120,000,000 in 1920. The roads, in making the announcement of the good results of their campaign, point to the co-opérative efforts of the railroads and the manufacturers and shippers in various parts of th country. - DIVIDENDS. Pay- able. AR AN AT R o mcrean: Stoek of Company. Record . Baok Note.. Shipbuilding. Shipbulld. . Plano. Piano Dl Cartier, Tnc. pf. Chic. Pneu. Tool, Com. Solv. pf. Diamond Match’ 1298t o 7, Aug. 31 Jume 30 1 R July 18 July 16 Aug. 1 Aug. 15 o July 14 Sep. 1 July 2 Sep. 19 Aug. 18 Aug. 10 July 10 Tuly 15 Int. Paper pf. 101 North. Uts pf Ind. Pipe Line. { Ilinols Brick.. Lima Locomoti . F. Fuel Oil Nortol, Wer, e a 3."zZinc 5 3. Zinc. = N, Y., Ch. &8t. L, N.Y.C.&St. i North July 20 July 2 Aug. 15 June 27 Aug. 31 July 3t July 31 June 30 Juiy 7 Tuly 7 June 830 20 June 30 e ReCLLRCLLRORELCRC LRl momize, 102 States Pow S. P o0 - Cocol] Pitts, Coai. Pitts. Coal pf. B & P G 88 D; Fhiliips-dones Pannandle. 1.1 (No. 1 July 10 July 10 Uuiy 3 June 20 0 EERREE T chie R JIR mmis st iy 2y The skuil of a gigantic fifteen-foot high hofnless rhinoceros, peérhaps i the largest land mammal which éver o lived, Wwas recently discoversd by .a ' selentific expedition in central Mon- " A P TAR 0! TP AN R . P A A 0 35NN