Evening Star Newspaper, July 27, 1932, Page 24

¢ B8 OILINDUSTRY SEEN ONIHPROVED BASS Better Conditions Reflected| by Interest in Leading Stocks on Exchange. Bpecial Dispatch to The Star. KANSAS CITY, Mo, July 27 (N.A. N.A).—The ofl industry appears to be making more progress toward reaching a profitable basis than any other big business of the country. This is re-| flected in & growing interest, at ad- vancing prices, in the shares of leading | oil companies listed on the New York | exchange. The immediate reason is found in| reports of second-quarter earnings of three important ofl companies, Atlantic Refining, Phillips Petroleum and Sun Oil Co. which show substantial net earnings, in contrast with a prolonged previous period of heavy losses. It is a natural a.ssumguon that other big oil companies will show similar im- Pprovement. Reduced to Requirements. By curtailment and limitation in production of crude petroleum, the total current output of the country has been reduced to the current requirements of refineries. Daily production is now nearly 400,000 barrels less than a year ago and the decrease in importations, | owing to the recently adopted tariff on | oil and its products, has helped to ad-| Just supply to demand. In every one of the big oil flelds production is restricted by State laws or by agreement among oil companies to bring to an end the prolonged period of accumulation of oil stocks above ground. The latest Department of Commerce report shows total stocks of crude and refined oil May 31 were 637,000,000 bar- rels, 20,000,000 less than a year ago, and equal to 253 days' supply at the current rate of consumption. Stocks still are abnormally large and expense of carrying such quantities of oil is a handicap to oll companies in operating profitably. But the advance is prices last Spring and last Fall, bringing top grades of crude oil to $1 & barrel, has enabled the oil companies to stop the ruinous losses involved in the preceding declines of low record prices, and they have been able to make corresponding advances in gasolme. Top Grade Brings $1. Crude petroleum prices in the lead- ing fields are 30 cents a barrel higher | than a year ago, with the top grade selling for $1 a barrel. Consumption of gasoline has not di- minished as much as of most other staple products. Latest available fig- ures indicate domestic consumption of gasoline is only about 7 per cent less than last year. The oil companies still are handi- capped by keen competition and by the excessive costs of seling their prod-| ucts, owing to the great and unneces- sary number of filling stations through- out the country. The losses that oil companies have experienced in the last year have de- | pressed the prices of their stocks to | ‘mere fraction of their former value. As an added note of cheer, Missouri- fed steers of not strictly prime quality set a new high on the Kansas City | market yesterday at $9.35 a hundred povads, while wheat futures moved to hizier levels at Kansas City and Chi- cago. The wheat advance was nbout 11, cents. Lamb prices extended Mon- day's gains to reach $5.85 top, the highest price here in two wes (Copyright, 1832 by North American News- paper Alliance. Inc.) SOVIET PERSECUTION OF RABBIS BARED Visiting Jewish Leader and Son Tell Harrowing Tales of Flight to Palestine Refuge. Tales of persecution of Jewish rabbis by Russians and of their flight to Pales- tine were related last night by Rabbi Moses Romm and his 13-year-old _son, Tttamar, to members of the Ohev Sholem 'Synagogue. The father and son told of starva- tion and hardship undergone by rabbis for their faith in Russia and the East.| He appealed for financial support for | Jewich religious leaders. Rabbi Romm once was an attorney in this country. His son told of scenes of suffering he had witnessed. Rabbi Romm said it was through his son that he had settled in Palestine. ‘The boy, he said, thought it was their duty to Hve in the homeland of the Jews and they went there during the Arab uprisings. They live at Telaviv. Rabbi Romm explained the plan for raising a fund to enable rabbis to spend the rest of their days in Palestine if they wish. HELD IN AUTO DEATH Buspect Arrested Here for Alexan- dria Police. Bert A. Ayers, 26, was arrested yester- 1 day by Detective Sergt. R. J. Cox as & | fugitive from justice. He was turned over to Alexandria, ., authorities, who want him on a manslaughter charge in | connection with the death of a colored man, said to have been killed by his| Mellon Returns FACES RUMORS CONCERNING RESIGNATION, AMBASSADOR MELLON, ‘Who returned yesterday aboard the 8. S. Majestic for what he termed a brief vacation in the United States. The Ambassadcr to the Court of St. James, whose resignation has been reported by London newspapers, is pictured above on his arrival here. The resignation re- port was aired Monday by a London daily, which said it understood the for- mer Secretary of the Treasury would be replaced at London because he believed the discussions of the international debt situation required a younger man. —Wicde World Photo. MANIAC IS BLAMED IN POISON DEATHS Two San Francisco Traffic Officers Die With Companion After Drink- ing From Tampered Bottle. By thewAssociated Press. BAN FRANCISCO July 27.—A‘ murder plot spawned in the brain of a maniac was suggested today by police investigating the poison liquor deaths yesterday of three men, two of whom were San Prancisco traffic officers. ‘The victims, Louis Jacobson, manager of & theater office building, and Richard R. Smith and Joseph C. Lorenz, both trafic policemen, died shortly after gathering in Jacobson’s office. An analysis of the contents of a half- empty bottle in the office revealed it contained enough of the poison to kill more than 100 men. The patrolmen had carried a bottle of lemon punch, which police believe was mixed with the contents of a bottle taken from Jacobson's filing cabinet, The latter bottle contained a mixture of alcohol and water, plus a large quantity of the poison. Friends of the victims were questioned by detectives in a search for a fourth individual who might have poisoned the 0] Mrs. Jacobson, who was in Los Angeles last night, was reached by tele- phone and informed of her husband’s death. She said her husband had no enemies so far as she knew. Sue for Expensive Shoes. NEW YORK, July 27 (#).—Patrons | of one Fifth avenue shop are treading on big money—if a suit filed against Michael E. Paterno, builder, and his wife is an indication. The shop sued for payment of a $1,644 bill, declaring the merchandise purchased included 17 pairs of shoes at $65 to $75 a pair. of your blood and let Nature do the rest. KEEP TH ACID OUT carox wix. helps Nature combat Arthritis, Neu- ritis, Rheumatism, Bright's Disease, Stomach Trouble, Kidney and Blad- der Trouble and High Blood Pres- sure. No taste, no odor, not a phy- %, 24 RESDEN. For Special Selling PRINTS —and — DurLEX CLOTH Yd. If your home needs a dashing bit of color—don’t fail to see these charming Dresden prints. They make such cheerful draper- ies and slip covers. The heavy Duplex cloth is ideal for covering lawn or porch furniture—be- cause it's impetvious to weather conditions. Green or brown striped. Camargo Cleanable Window Shades Exclusively at Lansburgh’s Size 3x6 Ft. 69c And extremely low price— yet the shades have every de- sirable feature. Improved, hand-made Camargo cloth of a fine, smooth texture; cleanable and opaque; mounted on guar- anteed rollers; complete with eyelet and pull. Cream, ecru, mauve, medium or dark green. Any Width or Length Shade Up to 54 Inches “Pep Up” Your Home and Save! LANSBURGH'S 7th, 8th and E Sts.—NAtional 9800 No Connection With Any Other Washington Store Dishes Must Be Dried—and Absorbent Towels Add to the “Pleasure” Linen Dish Towels ® Pure Irish Linen o Size 17x34 Inches e Colored Borders They soak up unbelievable quan- tities of water—and they don't leave any unsightly traces of lint! linen, closely woven for long agd sat- isfactory wear. Neatly hemmed and looped. And note the generous size! Meredith Linen Crash 6 yds. $1 Pure linen crash—soft, closely woven and very sbsorbent. White with colored border. 17 inches wide. Excellent for roller or dish towels. Pure Irish Linen Pillowcases Special 39¢c each Fine white linen cases with dainty hand-drawn hemstitched hems. Direct imp.orn-—tho product of century-old looms! LINENS—THIRD FLOOR. a Want a Bargain? 300 “Twin-Weave” SILK SLIPS Sring,, $7-89 Slips that keep their “shape” through repeated tubbings—for they're made of firm “Twin-Weave” silk, lace trimmed with applique embroidery designs. Silbouette styles, I trimmed or neatly tai- lored. Flesh, tearose and a few white. Sizes 32 to 44. UNDERWEAR—THIRD FLOOR. ‘Are Reduced for SUMMER SUN DRIES SCALP AND HAIR SCALP CONDITIONING $ 1 °00 TREATMENTS & for 35.00 BEAUTY SALON—FOURTH FLOOR. Re-Naitre (Re-Born) Fiber and Grass Rugs $7.95 and $8.95 Grades Sizes 9x12 and 8x10 Ft. automobile last December. || sic. Phone or write for tree sample. Police say the sutomobile which CAPON MINERAL WATER struck the colored man in nearby Vir- | ginia December 3 last was abandoned | Met. 1056 215 Dist. Natl. Bank Bldg. Broken down tissues, wrinkles, sagging muscles— those sre the women find most stubborn and difficult to reliev It takes life to remew life. Scientists, working on that prineiple, have created Re- - Nuitre cream, econtaining . Yiving glamduler secretions! It Jw contains beautifying oils of great penetrating power, like those used for thousands of years by tive races. Try Re-Naitre— and see your besuty re-born! $1—-$3—97 Jars TOILET GOODS—STREET FLOOR. Q at the scene. Since then police have been trying to locate Ayers. Sergt. Cox arrested him in the 200 block of | Eleventh street southeast. Modess napkins are made by Johnson and Johnson—you know they are made under the most sanitary conditions possible! Moisture resisting back—double protection! Regular and com- pact size. NOTIONS—STREET FLOOR. ORD_PRESTON | President Even if you used them for just the balance of the Summer—you'd be getting a good five dollars’ worth of wedr out of these attractive rugs! But you'll be using them for many Summers to come—and you’ll be thankful you took advantage of this unusual offer! Sturdy fiber or crex rugs—neat stenciled patterns on cool- looking grounds. =—ava Helpfulness Is the Aim Sof of every service rendered by the Union Trust Company—an institu- tion whose breadth of experience is matched by the completeness of its modern facilities. Safe Deposit, Foreign Exchange, Trust and other facilities are pro- vided, and Interest is paid on Checking and Savings Accounts Small sizes also greatly reduced! RUGS—FIFTH FLOOR. Men, Here Are the “Best Sellers” ‘Manhattan Shirts—Shorts Men don’t give s hoot whether their underwear is hand-made or 3 for $1 Z S0l Sol Sl Sl S, ISaZ Sol Sol imported! They do want assurance that it's full-cut, that it's going to wear well and launder successfully! That's exactly why men like Man- hattan shirts and shorts! White ribbed athletic shirts; sizes 34 to 46. Fine broadcloth shorts in white or neat stripes; elastic bands or tie sides. Sizes 30 to 42. MEN'S WEAR SHOP—STREET FLOOB. OF THE DISTRICT OF COLUMBIA SOUTHWEST CORNER FIFTEENTH AND H STREETS NORTHWEST