Evening Star Newspaper, August 19, 1931, Page 15

FAINANCIAL, CURB 1SSUES MOVE IN NARROW RANGE « Market Irregular, With Oil Group Showing Strength on Better Trade News. BY JOHN A. CRONE. Bpecial Dispatch to The Star. NEW YORK, August 19.—The oil shares were the outstandingly strong gtoup in an otherwise irregular Curb Exchange market today. Electric Bond & Share was up frac- | tionally at the opening, but quickly erased its early gains. Cities Service did not retain all of its early advance. but wes inclined to move with the oil rather than the utility stocks. s ‘The weekly oil and gasoline statistics, along with rising quotations for those commodities, and the proximity of sev- eral sizable ny rgers, served as a stimulus to the oil division. Standard Oil of Indiana early ran up more than a point following the an- nouncement that the stock is‘now held by more than 95.136 stockolders, which contrasts with 6.078 sharcholders when the ccmpany became a separate organi- zation in 1911. The largest Indiana Standard holder today has only 4.7 per cent of outstanding shares. Humble Ofl at times was up a point, while Vacuum Oil ints. y Nonerial Oil of Canada, Internation- al Petroleum, Standard O} of Kentucky and South Penn Oil, but Standard Oil of Ohio was a trifle lower. Gulf Oil of Pennsylvania was the leader in the miscellaneous petroleums, rapidly rising about 5 points. Union Oil Associates, however, was reactionary. Even the lower-priced and heretofore inactive oil stocks, such as Cosden, In- dian Territory Illuminating A and Sun- ray Ol firmed. Rails lagged but Pennroad Corpora- tion remained heavy and railway and light securities declined 2'5 points. Sell- ing of the motor shares over on the big board was not mirrcred on the curb because it was realized by traders that most of this selling resulted from ne- cessitous liquidation rather than devel- opments within the autemotive in- . dustry. The air shares, taken as a group, were exceedingly dull. In the higher- priced industrials Aluminum Co. cf America, the only active issue, sold off. Food shares were not much in demand. In the specialty group Mead-Johnson inclined to heaviness as its earning es- timates were marked down. Hazeitine Corporation broke to & new Jow level for the year This movement came just after the announcement that - Hazeltine has signed an agreement with AGA Baltic whereby the latter will make radios under Hazeltin> patents in Sweden, Denmark, Norway and Finland on a rayaity basis for a period of five vears, and agrees to give Hazeltine prior options on any new invention made or acquired Cables & Wireless preferred did not pay much attention to the directorat>’s | announcement thet the 5 per cent! cumulative dividend was not earned| during the first six months, and that it, therefors, would not commit itself to dividend payments until the full year carnings were studied - WARNER BROS. PICTURES. NEW YORK, August 19 (#).—War- ner Bros. Pictures, Inc.. reported yes- terday a consolidated met loss of $2- 612,600 for the quarter ending May 30, - 1931, after deducting all cherges, in- | cludirg interest and depreciation. 1 The net loss for the nine months ending May 30 was placed at $4.334,738, including a write-dow" on $3,073,368 | in respect to inventories and accounts receivable of the radio and record | division. i On May 30 total current assets were $30,997,521, compared with total cur- rent liabilities of $15.960.639. i Harry M. Warner, president, said the | company now his no bank -loans and | the cash on hand is more than suf- | ficlent to meet raquirements for the | interest on debentures and the divi dend on preferred stock payable Sep- tember 1, 1931, | * “While operations was up almost 3! Further gains were registered NEW YORK CURB MARKE Stock ana THE EVENING Nole—All stocks are sold in one hundred-share lots excepting those designated by the letter s (80s) (250s). ~Prey. 1931.-, Hieh. Low. 12 6k 24% 114 1% % 1037 100 224 Stock and Bales— Aero Underwriters., 1 Affiliated Rrod 1.60.. 7 Air Investors vte..., * 1 Ala Pow pt (6) . Alu Co of Am pf (6). Am AustinCar. ..., Am Cit PRL B b16% . Am Com P A (b10%) Am Corp war Am Cyanami Am Equities. Am For Pow war. Am ¢ Am ¢ Am Lt & Trac (2 Am Mfg Co 1), Am Marecalbo. Am Superpwr (p4o Am Superp pf (6 Am Util & Gn B vt Anglo Chil Nitrate. . Appalachian G Arkans Arkans Ark 2 31 (A) (a1). Asxo G & Bl war.... Asso G & El ot (8) Atlas Uth Corp. Rahia Corp. . Bahia Corp pf. Blue Ridge Corp. .. Blue Ridge cv pf ad. Brazil Trac L&P (1) 56 Buckeye P L (4) 400 4 Burco nc ev-pf (3) 7 3% Butler Bros 4% Canadfan Marconi. ., 103 Caro Pw & Lt pf (6). 108 19% Cent Pub Sve A b5% . 27 Cent Pub Sve pf (4) 4008 Cent Stat K1 (b10%). 14 Cent West P & “hain Stores s ¢ Chat Phoenix nv (1). 28 Cities Service (£30c) 234 Cities Servpf (6). Ciaude Neon Lts Inc. Clev Kl Tlum (1.60). Cleveland Tractor Colombla Syndicat Colon Ol 5% 3 B 3874 2815 Cmwith & Sou war. . Com Wat Ser g1215c. Consol Copper-. ... Con Gas Balto (3.60) Cont Shares pf (B). peland Pr Ine (n). Cord Corp Corp Sec Ch (b6%).. Cor & Rey pf A (6).. Cosden Ofl...... Creole Petroleum. Crocker Wheeler. Crown Cork Intl (A), Cumberland P L (2), 4 Curtiss Mfg Co (A). Darby Petroleum. Dayton Air & Eng Deere & Co....... De Forest Radio Derby Ofl Refining. . Detroit Aireraft. Dresser Mfg B (2) Driver Harris new Dubilier Cond & Rad. Duquesne Gas. Durant Motor: East Util Assoe Educational Pic pf.. Elsler Blectric.. ... Klec Bond&sh (b6 %) Blec B & Sh pf (6)..." Blec P & Lt op war. . Emp G & F cu pf(§). 1008 Rureka Pipe L (4).. 100s Eurep Elec deb ris. . Federated Cap cu pf. Fischman & Sons. Ford M Can A (1 Ford M Ltd (38 3- Foremost Fabri Fox Theater (A) Gajena Oil Corp. 4 Garlock Pke (1.20).. Gen I Ltdrets 35 3-3¢ Gen Empire (1).... Gen Theat Eq cv pf. . Globe Underwr (15c) Golden Center, Go'ldfield Conso! Goldman Sachs Gulf Oil of Pa (1%3). Hamilton Gasrots. . Hazeltine Corp (1).. Humble Ofl (123;) Hydro Elec Sec 1.40. Hygrade Food Prod. Imp Ofl of Can (50c) Indiana Pipe Line(1) Ind Ter lu Ol A. ... In=ull Inv (b6% ) Ins Co 0fNo Am 12 Insurance Intercontinent Pet n Int Petroleum (1) for the quarter ending August 1931, will result in a loss,” he said, “there has been a notable pick-up in business during the past few weeks and the outlook for | the eoming vear is encourzging.” CHICAGO STOCK MARKET By the Associated Press. CHICACO, August the complete official lis tions In stocks on the Chicago Stock Exchange today Bales STOCKS h 3 Railroad 8 100 Roviheon vic 350 Rellance. Ml 50 Rollins He: 80 Sangamo Elee 100 Seabonrd Ulil 800 80 Union Gas 30 6o Wes: I & P pf 190 Eteinite Radia 180 Btude Mail A bt PR 3 17 perp (11.10) Int Utilities B Italian Superpow A ezer Mach (80¢) Kiefn (H) pt pf CHICAGO, August 19 —Fresh ness In corn uncettled all grains | today wea late All deliveries of corn cut under | the season’s bottom price record. Sep- ! tember cats sold at the lowest figures | since 1899 Good rains over much of the corn belt had a bearish influence Corn closed nervous, 4+215 cents lower than yesierday’s finisk off 1o % Up. 0Ats ‘i3 dowx provisions at 5 to 12 cents decl Hizh. Loy | By the Associated Press. i a 5 SEARS, ROEBUCK SAL.'S CHICAGO. Au 19 E Rocbuck & Co. during ghth period of s 13-poriod year were 6.2 per cent less than last year. the com- parative sales stot-ment showed, Figures for 13 this Sales of h the period July r were $23.769.479, compared with $25,344.375 lasl yeer For the first cight perlods. or from January 2 to Augu i 13 the total ‘a'es ere $208, 686 2 1831 i GOT263 in 1900, a docrease FREICHT LUADINGS DROP. B tie Assoc:sted Press " Leadings revenus freight recorde a sharp drop duing the weel: end-d August 8 25 th> change is calcuiated by the Americin Raflw:y Associaticn. In the tota's that follow the loadinzs ars n for comparable psriods. based on the as-o%iation's reports Week ended August 8. . Frevicus week v 8ame we>k last year. METAL MARKET. NEW YORK. August 19 (. coppcr quict; electrolytic, spot. and futu: 2735, Tin, easy: spot and nearby, nu future, 25.72. Iron, quiet, 734789 cars 157,293 car: 904,157 ¢ 22% 758 .1027% Aluminum Co of Am 16755132% 1100 Dividend Rate. Add 00. Open. High. Low. Close 9 23 9 103 18214 100 102 12514 100 INVESTMENT TRUSTS NEW YORK, A ABC aBC Al Am Am Am 3 Am Am & Am Am Am Am Am Am cui Am -40 cor Am Ins Stoc Assoc Btand O At bec pi Atl Bec war issued today ineosy tud b o po BT EECT) 1 €l Sy “"TVTAUN Betre Toad Pubic Soe Rerres Tr Shra ccond 12 Bec A oond Ini Sec B ¢ Int Sec 6 1si bf cur Corp CGen 56 pl ted Am Sh i e w inage Tr Wit Baik l:" Track Pund © NatPow & L e (6). « Phoenix Pilot Rad T ~Prev. 1931.~ | mieh. Dividend Rate. Kolster-Br (Am Sh). shore Mines(2) irt Real pf (3) Leonard Oil. Lion Oil & Refining . Lone Star Gas n 88c.. Pong Iscu pf B(6).. STAR. WASHINGTON, ived by Private Wire Direct to The Star Office Sales— Add 00. Open. 1% 2714 20 L an 15% 1061 Hich. Low. Close. 1% 1% 1% 2% 2T% 20 20 %% 4% 4N 16% MacMarr Stores (1). Magdalena Synd. Mavis Bottling (A) May Radio (1), Mead Johnson(1475) Memph N Gas (60c).,. : Metal & Mining. . Mid Sta Pet vic 4 Mid West 1t (b8 Mid ts Ut b107% . Mo-Kan Pipe L (A) . Mohawk Hud 1st(7). Mohawk Mining (1). Mountain Prod (1 Nat Amer! can Co. . Nat Aviation NatFamily Nat Investor: Nat Sugar N J ( 100% 1% 21t 3ty Jy1ae.. 23 w Mex & Ar Land. ont Mining hipbuilding Cp. Niag-Hud Pow (40c) Niag-Hud Pow A w Niag-Hud Pow B w Niag Sh Md (40c) Nipissing + Nitrate Corp Chile B, # Nordon Corp Ltd North European Ol . Nor Pipe Line (+4).. Ohio Ol cu pf (6) Ohio Pow pf (6). Outbonrd Motor B. . New N Y S T1stpf1y, rarke Davis (11.55) Parker Rust Pr (3). Pender D Gr A (312) « Pennroad Corp (40c) Peoples L rol ¢ D Philt Pwr (A). orp war Morris Inc ir Cor be A Pines Winterfr (1). Plymouth Ol1 (1).. : Totrero Suga Powdrell & Ale 3 ’v;.. Premier Gold (12¢). . Prod Roalty (b10% ). Prudential Invest Pub Uti] Hold war. Pub 13til Hold xw. Puget Sd P&L pf (6) 105 v & Lt Secur (43) 1008 bow Lum PrB.. 1 Reiter-Foster....... Republic Gas Corp. . vnolds Invest R bherold (4) t Regis Paper (80). Sait Creek Consol alt ek Pro(1.40). chulte Un 31 St board 1til (28c) . zal L & H (a50c). . elecied Industries. . henandoah Corp henandoah pf ( herwin Wil (+4 ar Refining. Southla Royalty S W Gas Utilities. .. panizh & Gen rets. . nd Oli of Ind( 1). nd Oil of Ky 1.60. tand 011 Ohio 70 10 233) 1508 trauss (Nathan) Motor Car. tut i 4 T & Pavable aividend, stock stoek n n Plu: 19 () Bid Tenn ay Oil (b5 %) ylvanite sold Mines rt Corp. Hughes ( P st pf(7).. exon Oil&Land (1). ob Prod Exp (10¢). T ri-C nsLux DLPS.. nt Corp war Tubize Cantillon (B) Union Ol Assoc Unit Founders. . Unit Gas Corp...... Unit Lt &Pw A (1), Dairy (B) llec Pow ww. . nes pf S Playing : Umit Verde Exten (1) "ard 9 Uth P&Ltatl Ut P&L Util & Ind ¢ Utility Equities. « Vacuum Oil (2) Venezuela Petrolm . . 1 Viek Financial (30c) 5 Walg Wool "¢ casiy een Co Walgreen Co war. Walker (H) (30c) Wilson Jones (1) ) or lus 5% ¥lus 2% 4 in stock. —Oves n r- Asked & Ga in stock | different 24 6 ey 52 18 w 14% 18 4 5 T M 11 11% 1% 1% 1% “on last quarterly or semi-an- 15 extra’ iPlus 1% in Stock b Payable in stocx e Adjustment % Plus 6% in stock. hPlus 1% in k Plus 10 in’ viock. m Plus 3% in p Paid last year. m r"l\lllr ll'P 14% h(FW)lLud 11y toek. New York Cotton Special Dispatch to The Star NEW YORK, Aug cotion increased today and prices went into new low grounds for the year, closing at the bottom and about $1 a bale lower than on Tuesday Though reports from the South | D. C, WEDNESDAY, WOULD USE WHEAT | ¢ | an | 18 | 19 —Weight of | in- | dicate that the usual detsrioration has | ct, in, an increased hedge selling he market under pressure through. the session. Spots were reduced points to 6.50 Cotton range open Ctober Gecember January Lare: 695 DECLINE IN CHEMICAL PRICES IS REVEALED Special Dispatch to The Star. NEW YORK. Aug 9.—Fallure of etiempts to negotiate a renewal of the international nitrogen cartel, with the result that Chile is now expected to resume open-market sales as before the first international agreement two vears ago, furnishéd ‘the most important de- velopment of the last month in heavy chemical markets, Chemical and Metal- lurgical Engineering reports. The break-down of the conference is reperted to be cue to Chilean demands for a guota increase wh were unac- 1° 1o other delegates and because an announcement by Germany im- Josing. as of July 15, new duties so prohibitive as to constitute in effeet an 80 on mportation of Chile ni- an aftermath of the cartel's up, foreign-made sulphate of am- hes been offered on our market n }ou as $26 per ton, possibly lower, and attempts of domestic sellers to meet this competition have b about a sharp break in values whi-h' hes contributed materially to the down- ward movement of the weighted index number for the month. With open markets now in prospect for nitrogen products, the price movement may con- tinue downward before any stabilizing influence is brought to bear on the situation. ‘While cutting has existed in | ‘bes of the chemical in- developments along that line | i i | flour, | imports_ in’ the {562,500.000 marks 125,000.000 ma ks | States Department of Agricu AUGUST 1 SUPPLY FOR RELIEF Former Farm Board Member Sug- gests Plan to Work Off Surplus. By {he Associated Press. LINCOLN, Nebr., August 19.—Sam R. McKelvie, former member of the Fed- eral Parm Board, has suggesfed that wheat” now owned by the Grain Sta- bilization Corporation be made available | McKelvie for emergency food relief. was the wheat representative on the board. In a public statement, the former braska Governor said, “I "» e insisted all along and still insist that for the good of all parties, most of all the farmer, the soomer stabilization sup- plies of wheat are disposed of the bet- ter. ‘The opportunity is at hand “The Federal Government will be obliged to join with the cities, the coun- ties, the States and the agencies of vol untary relief in feeding millions of peo- ple this Winter,” McKelvie asserted ‘With vast numbers of these it cannot be a matter of loans. It must be of food. clothing and possibly hor The food is available in the form wheat, and there is no better food. “No one who has access to plenty of milled wheat, whole whe: bread is going to sta And th an abundance of whe: The Stabiliza- tion Corporation has it stored in all parts of the United States. It can be distributed, freight paid, to local agen- cles of relief who can have it milled and passed on to the needy. It should not be given or sold to any one who is able to_buy It should be used purely and solely as food relief.” GERMAN IMPORTS. BERLIN, August 19 (#) month of July ($140 000) ($6,250,000) account for but not actually importc leaving actual imports of | marks ($134,350,000) Exports _were 792,200,000 1 1$198,050,000) Lence the actual trade balance was 254,700,000 marks ($63.- 675.000;. The foregoin does vot in- clude reparations deliveries in kind of 35,000,000 marks ($8.750.000). Count- ing these, the surplus exporis would be 289,700.000 ($72,425,000) Nor is gold and silver included, of which imports in July were 44.800.000 marks ($11.200,000) and exports 441.- 100,000 marks ($110,275,00¢ Of the latter amount, however, 0,909,000 | marks ($85225C€00) had aiready been {exported in June, but were accounted { for in July. POTATO MARKET. CHICAGO, August 19 (@) (United Po- tatoes, receipts, 37; on trac! total United States shipments, trading fair; sacked, per Funared pounds, Wisconsin Cobblers, poor stock, 1.00; Triumphs, Idaho Russets, No. 1, large medium 1.70a1.75; Commerc 1.50; Triumph: 1.70a1.80 { umphs, 1.40a Round Whites, 1.40; Missouri Cobblers, 90al.10. SILVER QUOTATIONS NEW YORK, August 19 (/). —Ba | ver steady and urichanged at ¥ MOUNTAIN EXCURSION Aungust 22 6 DAY RETURN LIMIT Faresin Effect. icket Agent. Low Round Trij Consult the TRAVEL SALE about | FINANCIAL, STOCK AND BOND AVERAGES By the Associated Press. WEDNESDAY, AUGUST 19. STOCKS. ‘50 Industrials. 109, TS . 10! . 101 Today...... Previous day Week ago. . Month ago Year ago Two years ago.. Three years ago High, 1931. .. Low, 1931, High, 1930. . 2 Low, 1930 Y .252.8 L1413 Low, "1929 20 Utilities, 164.4 164.5 BONDS. 10 Today Previous day Week ago Month age Year ago Twa years ago Three years ago High, 1931 Low, 1931... High, 1920, . Low, 1930 High, 1929 Low, 1929, “ New 1931 low. . 836 95.3 0.4 (Copyright. TIME PAYMENTS HOLD STEADY IN DEPRESSION Special Dispatch to The Star. NEW YORK, August 19.—In spite of lower public purchasing power, de- faults on time payments and conse- quent repossessions have not been dis- turbing thus far in the depression, says the Standard Statistics Co. of New York in a current survey, which continues: “Reports from leading instaliment ing corporations indicate that idation of receivables has proceeded according to schedule. incoming business has de- d, permitting accumulation of large amounts of cash for use in purchase or ' redemption of senior obligations, usually at_quotations materially below origipal offering prices “Another current advantage is ex- tremely low interest rates at which bank credit i available to companies in this field, which is a partial offset to loss of volume. Leading corporations kave developed new business by taking over financing operations of additional iines and_have gained part of the vol- | ume lost n: by smaller competing organi- 0il Merger Report Revived. TULSA, Okla., August 19 (#).—The ‘Tulsa World says it h2s learned an- nouncement will be made soon of the | merger of the Prairie Oil & Gas Co. and the Prairie Pipe Line Co. with the /Sinclair_Consolidated Oil Corporation. The World says another large inde- pendent oil company also may be in- cluded in the new organization, form- ing_a billion-dollar_concern that will be known as the Commonwealth Pe- troleum Corporation. High officials of the Sinclair and Prairle _companies are in New York | | completing final arrangements for the | | consolidation, the World says. | The other concern mentioned in con- nection with the consolidation is the Tidewater Associated Oil° Co., the | World sa. At the | Industrials. 1031, Standard Statisties Co.) Washington Produce; | Butter—One-pound prints, 32; tub, 31 | [Eggs—Hennery, 24a25; current re- ceipts, 16a17. ! Poultry, alive—Spring brotlers, 3 pounds and over, 30a32; 2 to 23 pounds, 28a30; 1'% to 2 pounds, 25a27, Leghorn broilers, 23a25; hens, large, 23; small, 18; roosters, 12a13. Dressed—Spring broilers, 3 pounds and over, 34a35; 2 to 2': pounds, 30a 33; 1!, to 2 pounds, 28a30; Leghorn broilers, 27a28; hens, large, 25a26; small, 20a22; IO{K((‘[‘S‘ 13al4; Long Is- land ducks, 21a22 Meats—Beef, prime, 15':a16; choice, good, 14; Texas, 13a13'y | common, 10; veal, top, 1 medium, 1215a13; lamb, choice, 20; me- | dium, 18; fair, 15; pork loins, 16a27: fresh hams, 19a20; smoked hams, 21; | strip bacon, 22a23: lards, 10a10%:. Live stock—Hogs, heavy, 6.00a7.00; |light and medium, 7.50a7.75; pigs, 7.00 |a7.50; roughs, 3.00a4.25; calves, 5.00a 8.50; lambs, 5.00a8.00. Prults—Watermelons, 25a7! canta- loupes, bushel baskets, 1.00; Persian ‘Imelons. 2.00a2.50; honeydews, 1.50a2.00; | oranges, 4.00a5.00; lemons, 6.00a8.5( | grapefruit, 1.0083.50; apples, bushel 1ba.skets. 25a1.00; box stock, 2.25a2.75; praches 1.25a1.50; pears, 2.00a2. | plums, 1.75a2.25: huckleberries, 5.00 | figs, Norfolk, crates, 5.00; grapes, 1.50a 12.75; bananas, 1.23a15 pineapples, 13.5023.75; damsons, 4-quart baskets, 25 blackberries, 2.75a3.00. Veg:tables—Potatoes, 2.00a2.25; sweet, per bushel, 1.75. tomatoes, 2-peck bas- 50; squash, 50; spinach, New 1.00; kale, 35; peppers, 3 ; cabbage, 75; carrots, per 100 bunches, 3.00; beets, per 100 bunches, 3.00; corn, 5-dozen sacks, 40a 60; string beans, 1.00; limas, 1.25a 1.50; shelled, per quart, 25; cucum- | bers, 2-peck baskets, 50; celery, | bunch, 75a1.00; peas, 4.00a4.50; egg- plant, 1.50; lettuce, Iceberg, 5.5026.00. home-grown, per basket, 50; okra, 2- peck baskets, 50a60. & New per | *¥¥ A—15° 'CRUDE OIL OUTPUT DECLINES FOR WEEK |Daily Average in U. S. Drops 57,050 Barrels, Says Trade Summary. | By the Associated Press. | NEW YORK. August 19.—Daily aver- |age gross crude oil production in the | United States decreased 57.050 barrels in the week ended August 15, totaling 2.498.500 barrels. the Ameriean Pe- |troleum Institute’s weekly summary in- |aicates. Daily average production east of California decreased 69,050 barrels to 1981500 barrels. | Refineries representing 95 per cent of estimated total capacity operated at 68.3 per cen: of their capacity, reported | Gally average runs of crude oil to stills |as 2496700 barrels. Deily average |the previous week for refineries repre- |senting 95 per cent of total. operated |at 66.7 per cent of capacity, was 2,439 - 600 barrels. Gasoline stocks at these refineries w 34,534,000 barre! gainst | 35,831,000 barrels. | _Production of cracked gasoline by re- fineries representing 95.2 per cent of | total charging capacity was 3.285.000 {barrels, Production the previous week by refineries representing 95.2 per cent of total was 3.292.000 barrels. | TImports of crude and refined nils at nrincipal United States ports totaled 1.813,000 barrels, against 922,000 bar- rels. (GERMAN SILVER BUYING ' TOTALS 2 000,000 OUNCES By the Associated Press NEW YORK. August 19.—Purchases of silver by Germany in the New York market thus far this month have amounted to spproximately 2.000,000 ounces, all of which has been shipped. The belief was expressed here that the metal was purchased for coinage purposes to replace Reichsbank notes and to aid in attempts to avoid note in- flation. While no official estimate is available regarding the total amount Germany will purchase, private cable advices from Berlin indicate that the Reichsbank olds practically enough metal to meet its requirements. The trade, however, believes that some additional silver will be required, and it is thought possible that additional purchases may be made over the next few weeks. ‘The monthly report of the American Bureau of Metal Statistics shows that 111,000 ounces of silver were shipped from New York to England and Ger- many in July, compared with 172,000 cunces in June. Total shipments to those two countries in the first seven months this year amcunted to 10,- 230,000 ounces, compared with total shipments last year of 7.929,000 ounces., Meanwhile, the bar silver market in New York displayed strength today, ad- vancing an eighth of a cent to 27 cents an ounce after holding unchan for several days. The metal advanced a_sixteenth of a penny in London to r‘ 11-16 pence EEAPRARES U. 8. TREASURY BALAICI ‘Th> United States Treasury balance announced today as of close of business August 17 was $114.551,775.73. Customs | receipts for the month to date were $20,892,758.20. Total expen= | ditures, $16,087,531.31. Convenient Train to CINCINNATI LOUISVILLE ST. LOUIS INDIANAPOLIS CHICAGO Timed to leave and arrive at hours most convenient for everybody — equipped to make your journey a genuinely enjoyable experience, this new train will give you a new idea of traveling comfort and convenience. Many Modern Comforts Ultr J. B. EDMU -modern equipment includes a luxurious library lounge, excep- tional dining-car service, and latest-type Pullmans. Plan to try this new service next time you travel. Just telephone the ticket office. We will make your reservations and deliver tickets to your home or office. DS, Ceneral Agent, Ticket Office: 714-14th St. N. W., Tel. National 0748 CHESAPEAKE ~o QHIO SCHEDULE ineinnati ouisville Ar. Indianapolis . Ar. St Louis Ar. Chicago . . . * Sleepers for Charleston snd H Ilmu.' Va. -lyh.«!#‘l‘lm‘-‘ Similar Fine Service Returning AUGUST 26 RETURN TRIP COSTS ONLY ROUND TRIP FARES TO P. M. (esT) P. M. A M A. M. A M. AM A M. P.M. LESS THAN ', FARE TO M«nhu Nashville )Rma o ... 2510 14.87 Sout] Ky... 21.70| Huntington . .... 16.68 s}-uumnmuul.:l?..uo.fl«m-u Tr Shrs 41 A points (25 or 26 a3