The Washington herald., 1914-08-18

Is a wrong position TO assume at this
time, and that We rather should strive
to keep things as stable and on as uni
form keel as possible.
Foreign money post6fhce order business
between this country and other members
OF the Postal Union was proceeding yes
terday, under certain restrictions, with
every European country save Belgium
and Austria For the Sudan, which comes
under Egyptian Jurisdiction. there. ike
wise has been q shutdown on the sale
Of money orders. For the rest. you can
have government assistance In sending
money. to financially embarrassed rela-
tivees up to 500 each, and for ordinary
mercantile transactions you will be al
lowed a maximum money order OF an
equivalent Of so. ....
That Belgium and Austria and the
Sudan are temporarily out Of the field
OF United States postoftice money order
is due to the fact that those countries
have advised the Postefifce Department
by cable not to issue any more orders
payable by them. Until similar instruc-
tions have been received from other belig-
erents and countries which have declared
a moratorium. United States postof1ces
will continue to sell money orders sub
ject 10 careful investigation OF the send
er's purposes, and with restrictions as TO
amounts.
Notices OF increase prices of photo
graphic chemicals have been sent out 10
professional photographers by the local
companies. The Eastman Kodak Com
pany has sent a letter to the trade with
drawing all quotations and price lists on
the chemicals which have been affected
by the war.
The chemicals used in the manufacture
of developing powders. such as pyrogallic
acid. metol, ortol and hydrochinon are
scarce as a result Of the stopping of i'm
ports The manufacture of pyrogallic
acid will be started here, but the basis
for the other chemicals cannot be pro-
cured here.
Magnesium. which is used in fiashlight
powders. comes from Germany, and has
advanced sharply. Other chemicals com
ing from abroad have been advapced as
often as three times in two days.
Four more Canadian steamers-Empress
Of Britain. Mt Temple and Lake Mani
toba and Canadian Pacific Railway Com
pany and Saturia OF Donaldson Line
have been requisitioned by the British
admiralty and probably will be used as
grain and troop carriers.
Steamers are getting I2 cents q bushel
for wheat from New York to Liver
pool, as against 3 cents before
the war broke out Such rates win draw
English freighters from all ports OF the
world and war risks will take care of
themselves, for England must have our
wheat
Taking the latest obtainable figures Of
the Bureau Veritas, Great Britain has
II, $50 vessels in its merchant marine; Ger
many. 2,551; France, 1.Js9; Russia, 4,034,
and Austria-Hungary, ~
II is conseryatively estimated that ship
ping property, afloat and ashore, to the
amount of rising 500, 900 900 and daily in
creasing is tied up because of the war.
The wayland OIL and CAS- Company,
which was organized in Baltimore last
spring by former Senator Watson. OF
West Virginia, and others. in announcing
that its September dividend will not be
paid. says:
This company has been notified by
the South Penn OIL Company, which has
been purchasing the greater part Of our |
production. that because OF the European |
war which has cut of the export trade, |
no further purchases Of oil can be made |
at present The cessation Of oil pur-
chases took effect July 81, 1914. 1t there
fore seems advisable to, the board OF
directors that until oil sales are resumed
there should be no further dividends paid
by this company. Development has
progressed satisfactorily and steadily
since the incorporation OF the company.
Seven new wells have been completed,
one gas and six oil, adding 342 acres to
our proved acreage. and we are drilling
seven additional wells necessary in order
to hold additional acreage. We have
taken advantage Of the present depres-
sion to secure about 1000 additional acres |
in leases"