Evening Star Newspaper, May 24, 1926, Page 21

i OIL MEN SQUEEZE OLD FAILING BASINS No: New Big Field in Sight. Gasoline Consumption Near High for All Time. ! BY J. C. ROYLE. Special Dispatch to The Star. W YOR sumption is ward its high point f amount used th run well toward The advances in the prices crude oil and gasoline made in the last week, therefore, have meant mil- lions in additional &) the oil companies. seem likely to be fairly st r petro- leum now is in a stronger technical position than for three years. Aggregate stocks of both crude and | refined are still high, but they are year ago when com- e of consumption. “The higher prices are tending towa the stimulation of production, but out- put of crude, although running close 2,000,000 barrels a week, is slightly an at this time last ¥ The ed output due to higher prices, | vill be absorbed by the msumptic r s and the tourist se —Gasoline’ working _to- The | month is cel | son 0 The signifi ion is that no ne; is in si production, when the first were s not now a factor to be reck- h. There is, of course, a bility that such a field will be opened by wildeat drilling. But for 1he time production is being kept r the old oil basins. | form EVERYMAN’S INVESTMENTS BY GEORGE T. HUGHES. Study of Railroad Records. As pointed out in previous articles investments in railway securities have the advantage of regular finan- cial statements which enable the pur- chaser to keep in touch with the atus of his holdings. Most of them also have a long record of operations which is available for study. It is possible to go back with any of the larger systems for many years and observe how they have met the test of adversity. As a matter of fact, the majority of American railroads at one time or another have either been in receiver- ship or e gone through some of reorganization. One of the nding excepti is 1llinois In many cases these re rganizations have so improved earn- ing power th S rities of the rehabilitated status of high-g The Atchison, now strong and prosperous road in the United St through such a reorganiz So it does not neces: follow that the record of the past is an in- crrant guide to the future. Still it is helpful. At any rate there is nothing concealed or mysterious about the record of any railroad. Ordinarily the trend is clearly established one v: or the other months and some ahead of actual out inyestments. probably as ears any o There was no excuse for any in- vestor not to have known that the St. Paul was in difficulty long before the receivi hip. In the same way every student of railroad affairs now * recognizes that the New Haven has passed the period of peril which it went through three or four ye and is on the way to- re-es credit. Again, the Southern ds, such as e Seaboard, fited in re: ¥ ed industrial and real estate ac- ivities in that part of the country. It have up by squeezi Tidewa The * exam of e vania produc bee) ain on sults have heen obt: Experiments now are in with the e used in ¢ perature petroleun: ing of pipe lin - Associated Oil Co., ) ple, is reviving oil wells by o and Panan The point to per cent Y. s Bmenns | dronatont » use of alv and | gjon sn aif S Wil I much more n producing for 3 a payin is. Stmilar re- | tjon ned in Ohio, and 10 compressed air | oma. field. progress thermite. the ex- ynamiting ice gorges r, for cleaning out old wells | z the flow This heat, and | ising of the tem- | wil) itate the flow of | through the sand. i in’ Venezuela and Co- | Drilling opera- | and the open- | e impetus to | use of shipments tot But for some companies, v of the the time 1 1 \which is avail- tates is relative- | <till difficult for | ing to the limited | ATt tankers ¥ must use in some 1 s. | Production in Mexico. | It is estimated that the amount | available from tha derable s being sold in the countries pro- to do =0 country are more sat ducers. for oil men. field to the tined to I tend over ests also sibilitie: Michigan Rut unless unexpected sources of new production are d for petroleum and its iikely to be fairly well maintained and | stable for | The int Reval, tion between the Baltic States, 3sthonia, to promota co-opera- | for this country at the mo- | outh America is little | n 1,000,000 barrels a month, uth American gas not attained not likely production h volum untit Deeper sand 1 a center 'm feel the = produce: the field may imties. Ol inter. ing the oil pos peninsula of are investi of the lower seem | months to come. Sy - ernational exhibition fair at | will | be held in August. %Z/z it f(}rever \ ~ the old way o washing dishes” She won’t allow kitchen soap in her dishpane her hands are white and soft now + -« TSHWASHING used to be the bane of my existence. How I dreaded it! Principally because it left my hands so ugly-looking and uncom- fortable. One day asI was washingout asilk chemise in Lux it occurred to me to try Lux for washing dishes. I did that very night and # left my hands 30 soft and white! Now I won’t allow anything but Lux in my dishpan.” Wash your dishes in Lux today. Banish that tell-tale dishpanlook from your hands! Lux treats your hands as kindly as the finest toilet soap. For your protection Lux is sold only in the familiar blue packages plainly marked LUX —two sizes. Lever Bros. Co., Cambridge, Mass. L] mon sense will teach an investo; ines of the railroad situa- | rent parts of the country | asily than he could get | | the facts about industrial corpora- | THE EVENING STAR, WASHINGTON, D. WESTERN MARYLAND HEAD IS OPTIMISTIC Traffic Is Holding Up Well, Says Maxwell C. Byers, President of the Railroad. Special Dispatch to The Star. BALTIMORE, May 24.—Maxwell G. Byers, president of the Western Mary- land Railway, is optimistic over.pros- pects for his company during 1926. “Our traffic,” said Mr. Byers, “is holding up splendidly this year, as is shown by the loaded cars moved on our lines, which to date total 20 per cent more than for the corresponding period in 19 This_increase com- pares with a gain of about 2 per cent in loaded cars over last year for the country as a whole. Our increase in flic to date is about 34 per cent . and with an aver- ast about 13 per cent for the entire country. T am quite opti- mistic about our full year's result: Surplus of the Western Mary Railway for the first quarter of 1 was $548,330, equal to $3.09 a share on the $17,742,050 first preferred stock. This compares with $306,432, or $1.72 a share the first quarter of 1925. TEXAS WHEAT HARVEST. Special Dispatch to The Star. FORT WORTH, M wheat harvest will ne 1 and officials of the United ates Labor Bureau are now estab- stations to distribute the har- “ort Worth and Plain- clearing centers. A Delicious Dressing for Asparagus 3 parts Hot Butter and 1 part LEA & PERRINS’ SAUCE see that the North- still troubles to of adequate na Canal competition. all thi the getting the genuine Bayer lions and prescribed by phys DOES NOT AFFECT THE HEART Jafe Asplrin 1s the trade mark of Bayer Manufacture of Monoaceticacidester of Salleylicacid is that com- | | Quickrelieffrom painful corns, tender toes and | pressure of tight shoes. DrScholls ™ .. | Zino-pads “iime SAY “BAYER ASPIRIN” —Gpnuine When you see the “Bayer Cross” on tablets, vou are Aspirin proved safe by mil- cians over 20 years. Accept only “Bayer” package which contains proven directions. Handy “Bayer” boxes of 12 tablets Also bottles of 24 and 100—Druggists. Z DI IR ,////!/ LA COMMODITY NEWS . WIRED STAR FROM ENTIRE COUNTRY CHICAGO, May 24.—The exception- ally high price now obtaining for hogs makes corn-feed for fattening those animals worth $1.37 a bushel, compared with around 73%c on the cash grain market. The computation is based on 10 pounds of corn to 100 pounds of pork. BOSTON.—The Cordis Mills of New England have decided to dissolve, after considering whether they should move South. The reduction in cost of producing the main Cordis fabrics in the South would be about 10 per cent, but it would cost $400,000 to move the plant. : PORTLAND.—A hundred thousand pounds of choice wool has been sold in the Echo section for 30 and 31 cents a pound. This is well under the price offered for the same fleeces 10 days ago. LYNN, Mass, — The Alexander E: Little Shoe Co., second largest shoe C., MONDAY, plant in Lynn, will suspend opera- tions for the Summer, and perhaps indefinitely, if labor conditions do not improve, The closedown Is expected late in June. DENVER.—The Denver and Rio Grande Western Railroad will take over and operate several passenger and freight bus lines radiating from Grand Junction, Colo.,, and will dis- continue branch line trains which have run in competition with the buses. SAN FRANCISCO.—It is estimated that 11,000,000 cases of peaches will be canned in California this year. Many contracts are being made at $40 a ton. The price last year was $35 but some growers say show profit under $50. N B PLANS STOCK INCREASE. NEW YORK, May 24 (#).—Yellow | Truck and Coach Corporation has notified the New York Stock Exchange of a proposed increase in common stock, from 1,000,000 shares to 1,700,- 000, also increases in class B stock from 600,000 shares to 1,300,000 and in the preferred stock from 200,000 | BURNS BROS’ PROFIT. . (| a profit of $1,023 i MAY 24, 1926. NEW YORK, May 24 (A.—Burns Bros., coal dealers, had their most profitable year in the period ended March 31, net fncome of $2,420,779 being the largest in the company's history, and was equal after preferred dividends to $15.17 a share on the A stock and $7.17 a share on the B. This compares with net income of $1,271,000 in the preceding 12 months, equal after preferred dividends to $10.22 a share on the A and $2.22 a share on the B stock. During the wholgsale coal dis- tributors, was sold for $1,400,000, at 5,000. Pimsniing > WELLS COMPLETED. YORK, May 24 (#).—The Mexican subsidiary of Pan-American Patroleum and Transport Ce completed well *No. 68 in the | blanca, district which is produting an initial dow of 25,600 barrels at a depth of 2,905 feet. Empire Gas and Fuel Co. has completed well No. 18 at Tampascas, Mexico, with initial flow of 10,000 barrels of oil at a depth shares to 300,000. Regular Lines of Goods In addition to special purchases, .is our constant a_im to carry in the Down Stairs Store complete lines of regular goods in every section. The prices must average as low Sale—200 New Summer Silk Frocks or lower than elsewhere. Wort Tub Silks Radiums Georgettes $200 New - Summer Froc f 1,655 feet. FOR. l y o Instead of soda hereafter ta little “Phillips’ Milk of Magnesia” in water any time for indigestion or sour, agid, jgassy stomach, and relief will come’ instantly. BETTER THAN SODA For fifty years genuine “Phillips' Milk of Magnesia” has scribed by physicians because it overcomes three times as much acid in the stomach as a saturated solu- been pre- pmmps‘ Milk of Magnesia- tion of bicarbonate of soda, leaving the stomach sweet and free from all gases. Besides, it neutralizes acid fermentations in the bowels and gently urges this souring waste from the system without purging. It is far more pleasant to take than soda. TRY A 25¢ BOTTLE Insist upon “Phillips.” Twenty- five-cent and fifty-cent bottles, any drug store. Woodward X Wothoy DOWN STAIRS -STORE h a far higher price s displaying every important new Summer style. Prints in small striking effects dots in numerous variations of size. Plain and Striped New Summer Prints Plain Pastel Frocks—straightline and flaring skirts—new two-piece effects— and long or short sleeves. Very attrac- tively trimmed or tailored. $ 1 O Printed Silk Crepes polka Sizes 14 to 20 and 36 to 46 e COLORS— Sunni, Coral Sands, Maize, June Rose, Orchid, Lime, Peach, Flesh, Turquoise and White. STRIPES—PRINTS PLAIN SHADES Trimmings include—appli- que flowers, buttons, con- trasting or self collars and cuffs, lace vestees, smart ties and belts. combination models — also red, or green with white. 4 Smart Summer Pumps Special Values “B" Blonde Kid Pump; fromt goring and temgue. Spanish heels. Exception- ally fine shoe. Sizes 3 to 7. Widths B and C. “C” Patent Leather tailor Pump, trimmed with tan calf. With the mew baby Spanish heels. Sizes 3 to 7. Widths A, B and C. “D” Gray Kid one-strap Pump, with applique trim- mings of darker shade. Baby French heels. Sizes 3 to 7. Widths B and C. DOWN STAIRS STORE $5.85 “A" Patent Leather cut-out Sandal—low heels; welt soles. Typical style for sports end street wear. Sizes 2 to 8. Width C. Lo A L) Sale—Melba Compacts Less Than Usual Wholesale Price Double Size Maker discontinued this styie of double and single com- pacts—and we offer these neatly decorated silver-plated compacts at a fraction of their regular price. 400 Double Compacts, powder and rouge, 58c Greatly Reduced 150 Single Compacts, powder, 38c with mirror and puff DOWN STAIRS STORE Vien’s Athletic Union Suits, 75 ép!endid values. Comfortable, cool suits, with web insert in hack—one-button seats. Full cut throughout. Of checked nainsook. All sizes 34 to 52. Fancy Striped and Checked Hose, 50c pair Phoenix Lisle Hose, 3 pairs, $1 ‘ Phoenix Sports Hose, 75¢ pair Reduced Greatly ~ .DOWN STAIRS STORE 500 Pairs Full-Fashioned All-Silk Chiffon and Lisle-Top Hose . Tuesday—we offer this exceptional value to you —the prices have been reduced to $1. Purchase several pairs for the months to come. Gray, Nude, Fallow, Sandalwood, Black Quaker Gray, Atmosphere Gun Metal and Grain Sizes 8% to 10. . DOWN STAIRS STORE 100 Smalft Summer Wash Pongee Frocks $4.50 Fashion-wise and economy-seek- ing women will purchase an entire season’s supply—so remarkable are the values. They realize toa, that no Frock is as cool, comfortable or practical for Summer—as one of Pongee. - Very Special 12-momie Pongee, a very fine weave, in several fashionable Summer styles.” One and two piece tailored effects. As the quantity is limited—early selection is advised. . Sizes 36 to 44 DOWN STAIRS STORE Shirts and Drawers, 50c each Athletic slip-én knit undershirts, in sleeveless style, in full-cut sizes. Nainsook Drawers, full cut and finely made, all sizes. Cotton Golf Hose, new patterns, $1 pair Darnproof Cotton Hagse, 6 pairs, $1.50 Darnproof Full-fashioned Silk Hose, $1 pair DOWN STAIRS STORE | 27x54 ... $2.75 6x9 .... Summer Silks Specially Low Priced All-silk Pongee, $1 yard 300 vards—specially priced. Plain and printed patterns in cool, summery shades. Sports Satin, $1 yard. (Rayon) Specially priced. In the most popular pastel shades. for Summer. All-silk Radiums, $1.35 yard Specially priced. Printed and washable. ~All colors and com- binations, including the fashion- able polka dots. Silks grouped at $1.65 yard All-silk Flat Crepe—Satin-back Crepes—in lovely pastel tints,” black and white. Printed Crepe de Chine in at- tractive color combinations. DOWN STAIRS STORE Wearwell Sheets 53%90 ..... $1.38 72x99 ..... $1.58 72x90 ..... $1.48 81x90 .....$1.68 81x99......$1.78 Our exclusive brand of sheets. They wear unusually well, are made of splendid quality round thread—a {eature—and are closely woven, bleached and are seamless. They are entirely free from dressing Wearwell Pillowcases 42x36..38c each 45x36..42c each DOWN STAIRS STORE Interesting Values in Huck and Towels Turkish Turkish Towels, 50c each—22x44- ch size, all white, and with- colored borders of green, laven- der, blue, gold and pink. Turkish Towels, 35c—18x38-inch size. White, with gold, blue or pink borders. Turkish Towels, 20x38, 3 for $1. Turkish Towels, 18x38, 25c. ‘White, and with colored border. Huck Towels, 25¢—200, fancy colored borders and hemstitched hems. Fine, absorbent quality. Part-linen Huck Towels, 28c—All white, and white with lavender, pink, blue or gold borders. All-linen Huck Towels, special, 50c each—Unusually good quality, fancy borders and hemstitched hems. White only. DOWN STAIRS STORE SUMMER RUGS New Lot of Popular Fiber Rugs Popularly Priced . $10 36x63 ....$3.25 8.3x10.6 .....$15 9x12 ......$16 Basket-weave Fiber Rugs that are reversible and flat-laying. These rugs, second to none for beauty in Summer, are cool looking and ar- tistically stenciled. Have you ordered Congoleum for your Summer Floors Now is the best’time—let us re- cover your kitchen, porch, bath- room or cottage with Gold Seal Congoleum Rugs—at minimum ex- pense. Send us your room sizes. Square Yard, 80c Gold Seal Art Rugs 18x36.....50c; to 9x12...,.$13.50 DOWN STAIRS STO!