The Birmingham age-herald. [volume], August 08, 1919, Page ELEVEN, Image 11

About The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950

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LAS! HOUR IN STOCK
Setback Began With Steel,
Equipments and Miscel
laneous Shares, Which
Have Been Features
By Associates Press
New York, August 7.—Prices in the
stock market crumbled in the furiously
active final hour of trading today. The
declines, which were the most severe in
many months, came unexpectedly. When
the market opened speculative interests
resumed their operations In a cheerful
frame of mind, evidently taking Jittle
heed of such recent events as the ultima
tum of the railroad brotherhoods and oth
er disturbing developments.
Decidedly less optimism was shown,
however, by conservative financial inter
ests which expressed the opinion that
the railroad situation and the general
trend of affairs at Washington were cal
culated to unsettle commerce and indus
try.
The market rose and fell between these
divergent views during the early and in
termediate stages of the session, but sell
ing of the most aggressive character in
the final period wiped out all gains and
left many severe losses.
The setback began with steels, equip
ments, oils and miscellaneous shares
which have ma^e up a large part of the
markets of the past few months, rails
displaying comparative steadiness.
It was a matter of board room gossip
thaf President Wilson’s address before
Congress tomorrow would recommend
drastic action against profiteers aijd that
many industrial interests not hitherto
mentioned were likely to come under the
governments displeasure.
The market was demoralized at the
close, when trading assumed such
enormous proportions as to delay fina*
prices by almost half an hour. Net losses
of o to 10 points extended throughout the
list.
Bonds were irregular at the outset, but
weakened with stocks on limited offer
ings. Sales (par value) aggregated $10,450,
000. Old United States bonds unchanged
on call.
New York Stocks
High. Low. Close.
Am. Beet Sugar .... 87% 83 S3
American Can . 54% 50 50
Am Pa r Xr v 1 1 K V. 112U11214
Am. H. & L., pfd. ...
Am. Locomotive ....
American Linseed . .
Am. S. & R.
American Sugar ....
Am. Sum. Tobacco. .
American Tel. & Tel.
American Tobacco..
Aftaconda Copper ..
Atchison .
Atlantic Coast Line.
Atl., Gulf & W. I....
Baldwin Loco.
Baltimore & Ohio...
Bethlehem Steel MB”
Canadian Pacific .. .
Central Leather ....
Chesapeake & Ohio.
Chi., Mil. & St. P. . .
Chicago, R. I. & Pac.
Chino Copper .
Colorado F. & I. • •
Corn Products .
Crucible Steel .
Cuba Cane Sugar...
Distillers Sec. Corp.
Erie ..
General Electric . ..
General Motors ...
Ct. Nor., pfd.
Gt. Nor. Ore ctfs. . .
Gulf States Steel . . .
Illinois Central ....
Inspiration Copper..
Int. Mer. Marine, pfd.
Int. Nickel .
Int. Paper .
Kennecott Copper . .
T^ouis. & Nash.
Maxwell Motors . . .
Mexican Petrol.
Miami Copper .
Midvale Steel .
Missouri Pacific . .
New York Central..
N. Y.. N. H. & H.
Norfolk & Western.
Northern Pacific . .
Pennsylvania .
Pittsburg & W. Va.
Ray Con. Copper . .
Reading .
Rep. Iron & Steel . .
Seaboard Air Line..
S. A. L., pfd.
Sinclair O. & Ft. ...
P -S. Steel & i’on . .
Southern Pacific . . .
Souther* R$\ .
T?v nfd
126 Vi
85%
77
80*
131%
102*
103
244
70%
32%
97
162
109
43*
88%
157*
106*
59*
43
26%
45%
45%
85%
137%
34*
78%
17
162
221
89*
45%
62
95*
62%
115%
28%
61
38
111*
50%
183*
8*
120*
80
75*
75
127*
95
102*
237
65*
90*
95
150
100
42
82*
155*
55*
40*
24
44*
43*
79
127*
30*
77*
16*
161*
215*
86
43
58
95
59
112
26*
56*
36
111*
47
170
53
30*
75*
34*
89*
44%
.35%
25
81*
90*
9%
1S %
57 %
64
99%
120*
SO *
75*
75*
129
95
102*
237
66
90 *
95
151
101
42
82
155%
95
55*
40*
24
44*
43 *
79*
128%
30%
78*
16*
161*
215*
86
43
58
95
59
112
50
27*
72*
30*
56*
36
111*
47
170
27*
50
27*
87%
44
33*
24*
78
85
9
18*
52*
61
95%
25
■2%
31*
102
87%
44
24*
78
18*
32*
62
93%
23
Stud. Corp. 108% 100% 100%
Tennessee Copper.. 14% 13% ’3V<
Te^s Co.259 150% 250%
Tobacco Products .. 108% 100 100
Union Pacific ...... 126% 124 121
United Cigar Stores 200 194 19-5
United Fruit . 184 175 175
U S. Tnd. Alcohol .. 139 130% 131
U. <5. Rubber . 137 118% 122
United States Steel. 106% 100% mo%
U. S. Steel, pfd.115 114% 114%
Utah Copper . 89% 85 85%
Va.-Caro. Chemical.. S3% 81% 81%
Western Union . SOB
Westinghouse Elec.. 54% 51% 51%
Willy s-Overland ... 34% 20*4 31%
Ohio Cities Gas .... 54% 50 50
Total sales. 1.748,500.
New York Bonds
IT. S. 2s. registered, bid . 39%
TT. S. 2s. coupon, bid. 99%
U. S. con. 3s, registered, bid .... 89
U. S. con. 3s. coupon, bid. S9
T7. S. 4s. registered, bid . 106%
IT. S. 4s, coupon, bid. 106%
American T. & T. con. 6s. 10176
Anglo-French 5s . J)J%
Atchison gen. 4s . 79%
Atlantic Coast Line let 4s, bid.. 79%
Baltimore & Ohio con. 4%s. 74%
Bethlehem Steel ref. 5s . 89
Central of Georgia con. 5s . . . . 88%
Central Leather 5s .. . 97
Chesapeake A Ohio con. 5s ..... 84%
Chi., B. & Quincy joint 4s . 97
Chi., Mil. & St. P. con. 4%s ... 84%
Chi.. R. I. & Pac. Ry. ref. 4s . . . . 95%
City of Paris 6s . 71%
Colo A Southern ref. 4%s . 69
Denver & Rio Grande ref. 5s ... 96%
" Dom. of Canada 5s (1931), bid.. 80%
Erie gen. 4s. bid . 58%
Illinois Central ref. 4s . 95%
Int. Mer. Marine 6s, bid . 31*
Kansas City Southern ref. 5s, bid 76%
Liggett A Myers 5s. 91
T^ouisville A Nashvile un. 4s ... 83
Missouri. K. A T. 1st 4s . 61%
Missouri Pac. gen. 4s. 58%
New York Central deb. 6s 97
Norfolk A Western con. 6s .... 105%
Northern Pacific 4s . 79
Pennsylvania cons. 4%s. bid . . . 95%
Pennsylvania gen. 5s, bid . 91%
Reading gen. 4s . 89%
Rep. Iron A Steel 5s (1940), bid. . 93
St. Louis A San Fran. adj. 6s . .. 64
Seaboard Air Lane adj, 5s. 47% 1
Southern Bell Tel. 5s, bid. 8$
Southern Pacific con. 5s . 100%
Southern Railway 5s . SO
Southern Railway gen. 4s . 64%
Texas Company con 6s, bid .... 105
Texas & Pacific 1st . SO j
Union Pacific 4s . 84%
U. S. Steel 5s . 100% j
Virginia-CarO. Chemical 6s. bid.. 36
Wabash 1st ..;. 30%
Money Market.
York, August 7.—Mercantile paper
5%@6%; sterling 60-day bills 4.28%; com
mercial 60-day bills on banks 4.28; com
mercial 60-day bills 4.27%; demand 4.51%:
cables 4.32. Francs demand 7.80; cables
7.78. Guilders demand 37%; cables 37%:
lires demand 8.98; cables 8.96: rubles blank;
government bonds easy; railroad bonds
easy; marks demand 6; cables 6%.
Time loans strong; 60 days, 90 days
and 6 months 6 bid.
Call money easy; high 60 days and 6
months 6 bid. Low 4; ruling rate 6; clos
ing bid 4%; offered at 6; last loan 4%.
Bank acceptances 5.
London, August 7.—Bar silver 57% d per
ounce. Money 2% per cent. Discount
rates: Short bills ^7-16®3% per cent; three
month bills 3 9-16(88% per cent.
Bank of England
By Anoeiatsd Prwt
London August 7.—The weekly state
ment of the bank of England shows
the following changes. Total reserve
deared LX 844,000.
Circulation Increased LX 741,000.
Bullion decreased LX 10,777.
Other securities decreased LX 1,252.
000.
Other deposits decreased 16.710,000.
Public deposits increased 454,000.
Notes reserve decreased 822,000.
Government securities decreased 47*,
000.
The proportion of the bank’s re
serve to lta-btlity this week is 21.70 per
cent, last week it was 20.44 per cent.
Rate of discount five per cent.
Metal Market
By Auociatvd Press
New York, August 7.—Copper quiet;
electrolytic spot 23 Vi @ 23%; August
23%@23%; September 24. Some small
offerings at 22% @23%.
Iron steady and unchanged.
Metal exchange quotes lead weak;
spot 5.40@5.60; September 5.50; spelter
weak; East St. Louis delivery spot 7.30;
September 7.10@7.45.
At London: Spot copper IX 95 2s 6d;
futures IX 96 2s 6d. Electrolytic spot
LX 106; futures IX 123. Tin spot 275,
l(se; futures lx 260. Lead spot lx 24 2s
6d; futures lx 24 17s 6d. Spelter spot
lx 38 10s; futures lx 39.
Coffee Market
New York, August 7.—The market for
coYfee futures opened unchanged to four
points higher, but soon turned easier un
der scattering liquidation, which was
probably promoted by the weakness in
the stock market as part of the selling
came through houses with Wall Street
to 20.75; or about 30 points net lower, but
closed a shade up from the lowest on cov
ering and renewed support from one of
the more prominent recent buyers. The
general list closed at a net decline of 15
to 25 points. Closing prices: September
21.20; October 21.09; December 20.89;
January 20.86; March 20.80; May 20.75;
July 20.55.
Spot coffee dull, Rio 7s, 222%; Santos 4s.
29%. Firm offers were irregular, but about
unchanged from Santos. Rios offers in
cluded 7s at 23.20 London credits.
The official cables reported an advance
of 125 reis in the rio market but a de
cline of 75 to 125 reis in Santos futures
Receipts at the two ports were 33,000 bags
and Jundiahy receipts 13,000. Fine weath
er was reported in all districts of S'ac
Paulo with temperatures ranging from
46 to 84 degrees.
Iron and Steel Review
Cleveland. O., August 7.—July car
ried forward in an accelerated way
the turn of iron and steel conditions
which came in June and production fig
ures for that month impressively meas
ure the extent of this further growth
of business. It is shown by statistics
of pig iron production that surprising
ly large gain of 48 blast furnaces was
made by the active list in June; of this
increase, 37 were contributed by steel
works or non-merchant stacks and by
merchant producers. Strong trend to
ward increased steel w^orks output is
shown by the fact that not a Bingle
furnace supplying these plants was
blown out in July. The heavy gain in
the number of furnaces in blast brought
about an increase of 360,626 tons of pig
iron in July over June. July total
wras 2,474,654 tons as against 2,114,028
tons in June, and 2,107,729 tons in
May. The number of furnaces in blast
at the close of July was 247, com
pared with 199 in June and 197 in
May.
New business is more than keep
ing pace with expansion of production.
With one or two exceptions, buying
continues of a very liberal scale and
receding deliveries and growing or
der books attest the strong position
enjoyed by most porduce^s. Neverthe
less, a highly conservative attitude
continues to be maintained with re*
gard to price advances, which mani
festly in some products at least, se^tn
more than warranted by underlying
conditions. Reports of probable price
advances seem to have stimulated re
newed interest among pig iron buyers
and the past week has shown a con
siderable burst of new inquiry' and an
increased volume of sales. There is
a stronger movement toward negotia
tions for next year.
Cleveland makers have advanced the
price 50 cents. A Buffalo interest has
raised its schedule from $1 to $1.75 for
next year, and corresponding action has
been taken by several individual pro
ducers in eastern Pennsylvania, in the
south and elsewhere. Labor conditions
continue to play some direct or indi
rect part in plant operations here and
there, and export business is in good
volume, despite obstacles of the Eu
ropean exchange situation. Although
England continues a fairly active pur
chaser. orient and South America offey
the most promising field for immediate
business. China has bought 15,000 kegs
of nails, in addition to various other
lots of steel and pending inquiries^rom
that country include 20,000 tons of
rails; 15,000 tons of shapes and 2000
tons of ingots.
Japan bought 3000 tons of blue an
nealed sheet and 1000 tons of light rails
News sales to England include 2000
tons of steel bars, 15,000 tons of iron j
bars and 1000 tons of pipe. Italy has I
bought 10,000 tons of bars and some
Spiegeleisen.—The Iron Trade Review.
How They Closed
By AuotiaUd Prt»*
New York, Anjcnst 7.—Liberty
Bonds final price* today werei 3Vis, I
M.73| first ds, 04.16; second 4s, j
93.30; first 4!4s, 94.19; second 4V4».
90.24; third 4%s, 94-80; fourth 4H«.
9&£0; Victory 3%*, 99.86) Victory
4%n. 00.84.
LIBERTY BONDS
Bought, Sold
Quoted
MARX & CO.
\*
NEW LOW
IN NEW MOVEMENT
- '(
The General List Closed
Barely Steady at a Net
Decline of 130 to 140
Points on the Day
—i
By Aswatstad Praa*
New York, August T.—The cotton
market not only lost all its gain of
yesterday but sold into new low ground
for the movement during todays trad
ing owing to unsettled general condi
tions and the break in the stock mar
ket. October contracts sold off to 30.80
in the late trading compared with 32.27
the high point of yesterday and closed
at 30.00 with the general list closing
bearly steady at a net decline of 130
to 140 points.
Liverpool made a relatively steady
showing but the market here opened
at a decline of 2 to 24 points and soon
sold some 70 to 80 points below last
night's closing figures as a result of
renewed liquidation combined with i
scattered southern and loccJ selling.
Rallies of some 36 to 40 points, oc- I
curred during the middle of the day
when covering was promoted by reports
of high temperatures in the southwest
and bullish crop accounts from other
sections. These features seemed to i
make little impression on sentiment,
Aowever, and the market weakened
again during the afternoon on reports
of labor troubles in some of the
southern millst unfavorable export
news and the weakness of the stock
market. The close was within 3 or 10
points of the lowest.
New York Futures
By A*»ociated Prats
New York, August 7.—The cotton
market closed barely steady.
High. Low. Close.
October . 32.26 30.80 30.90
December . 32.35 31.00 31.05
January . 32.12 30.90 30.96
March . 32.10 30.96 30.95 1
May . 32.05 31.00 31.00
New Orleans Futures
By AMoetated Prets
New Orleans, August 7.—The cotton
market closed barelv steadv at net
declines of 136 to 130 points.
High. Low. Closed.
October . 32.00 30.60 30.64
December . 31.94 30.60 30.60
January . 31.87 30.50 30.50
March . 31.00 30.58 30.58
May . 31.47 30.70 30.58
Spot Cotton
ty Associated Press
New Orleans, August 7.—Spot cotton
lulet 25 points off. Sales on the spot 666
bales; to arrive 250. Low middling 26.26:
middling 31.30; good middling 322.50; re
ceipts 1,555; stock 346,528.
New York, August 7.—Spot cotton quiet;
middling 31.50.
Liverpool Cotton
Liverpol, August 7.—Spot cotton in fair
request; prices easier; good middling,
20.14d; fully middling, 19.64d; middling,
19.04d; low middling, 17.29d; good ordi
nary, 15.64d; ordinary, 15.lid; sales, 4000
bales, including 3600 American. Receipts,
48,000 bales, including 59,300 American.
Futures closed steady. September, 19.56d;
October. 19.75d; January, 20.05d; March,
30.12d; May, 20.14d.
Port Cotton
New Orleans: Middling, 31.50c; receipts,
1550; exports, 4800; sales, 916: stock,
545,528.
Galveston: Middling. 32.50c; receipts,
S62; sales, 740; stock, 150,217.
Mobile: Middling, 31.25c; receipts, 3C8;
stock, 14,426.
Savannah: Middling 30c; receipts, 3356;
stock, 249,385.
charleston: Middling, 33.50c; receipts,
269; stock, 35,409.
Wilmington: Middling, 30c; re»*«ipts,
27; stock, 55,769.
Texas City: Stock, 9282.
Norfolk: Middling, 29.50c; receipts, 34;
stock, 83,980.
Baltimore: Stock, 4750.
Boston: Middling, 32.75c; receipts, 00;
stock, 7700.
Philadelphia: Middling, 31.75c; stock,
5657.
New York: Middling, 31.50c; exports,
2664; stock, 79,281.
Minor ports: Stock, 64,781.
Total today: Receipts, 6621; exports,
7464: stock, 1,406.012.
Total for week: Receipts, 55,001; ex
ports, 151,191.
Total for season: Receipts. 60,815; ex
ports, 154,449.
Interior Movement.
Houston: Middling, 31c; shipments,
1549; sales, 2683; stock, 141,199.
Memphis: Middling, 34.50c; receipts. 599;
shipments, 2810: sales, 200; stock, 157,351.
Augusta: Middling, 30.50c; receipts,
1425; shipments, 1605; sales, 2; stock,
123,616.
shipments, 603: stock, 9116.
Ijttle Rock: Middling;, 32c; receipts,
21; shipments, 1089; sales, 1089; stock,
16,614.
Total today: Receipts, 4372: shipments,
8921; stock, 471,953.
Cotton Seed Oil
New York, August 7.—Cottonseed oil
advanced 27 to ISM points early on replac
ing by yesterday’* sellers and fears of
old crop shortage, but somewhat of a re
action followed, owing to the break in
other commodity markets, and Wall
street. Final bi/Js, however, were 5 to
146 points net higher.
Sales, 6000 barrels. Prime crude, nom
inal; prime summer yellow spot and Sep
tember, 26c; December, 22.30c; March,
22.45c.
Dry Goods
By Assoeiatsd Pres*
New York, August 1—8everal lines o?
fancy woolens and worsted opened from
spring by men's wear mills showed ad
vances today ranging from 35 to 50 per
cent over the previous corresponding sea
son. Print cloths were easier, yarns
steady and raw silk Arm.
Naval Stores
Ey Associated Prcr*
Savannah, August 7.-Turpentine firm.
1.71*4; sales 46; receipts 159; shipments 12;
stock 8,438.
Rosin steady; sales 1,019; receipts 709;
shipments none; stock 69,367.
Quote: B 16.80; D 17.60; E 17.75; F 17.85;
Q 18.25; 18.50; I 19.25; K 20.25; M 21.15.
N 22.46; Wg 23.70; Ww 'ZSX*.
Down They Go
•y AMMtatid Prua
Chicago. Augaat T. — Packing
ltouae aecurltlea .offered a aevere
break In value thla afternoon owing
to antl-trn.t action by tkc govern
ment and becaone of atrfkea by
white employe.. Swift * Co. atock |
eloaed at |U1H. a fall of 0*4 |
a in eo laat night. :
1kA liberty bonds
BOUGHT AND J^QLD
BANKERS MORTGAGE HtOUXX
COMPANY
tacka and Honda. Mortgage L«aaa
fU FlrM National Bank Bldg.
REPORTED LARGER
THAN CASE YEAR AGO
As a Result Corn Went Off
After Opening Strong.
Oats and Provisions
Also Down
By As9oe?ated Pritts
Chicago. August 7.— Railroad strike
troubles which hampered the arrival of
corn here lifted the corn market today
but the effect was later partialy count
erbalanced by the federal trade com
mission report that food supplies were
larger than was the case a year ago.
Com quotations unsettled 1M net;
lower to 4% advance, with September!
1S6 to 1S6% and December 150 to 160% j
and December Vi
Oats were unchanged to 1 1-8 lower and i
provisions down 10 to 50c.
Owing to the fact that contract
stocks of corn here amount to only
-50.000 bushels and because of the
chance that a complete shutoff from
new supplies might soon take place,
material advances which resulted in the
price of the September delivery were
maintained throughout the session. On
the other hand, sentiment as to the
more distant months changed radically
during the last hAlf of the day.
Besides the bearish construction put
on the report of the trade commission.
mere were e-mDargoes an wheat.
In the oats market the governing
factors were virtually the same as in
com.
Provisions turned weak when new
labor troubles developed in the packing
houses here.
Chicago Future*
By AMoni.ted Pren
Corn— Open. High. Low. Close.
September ... 182% 18" 182% 1S5
December ...t 151% 153% 148% 150
Oats—
September ... 73 9-* 74 >4 71 % 72 %
December .... 76 76% 74 74%
Pork—
September .... 47.35 48.15 45.40 45 90
October . 46.00 43.00 43 00
I .art!—
September ... 31.80 31.92 31.25 31.30
October . 31.50 31.85 31.05 31.10
Ribs—
September . .. 26.75 26.75 26.00 26.05
Cash Grain
By Aisodlatcd Prtu
Chicago, August 7—Cash com No. 3
mixed 1.8701.98: 1 yellow 2.
Oats No. 2 white 7307S%; No. 3 white
7O%074%.
Rye No. 3 1.5001.60%: barley 1.3101.40:
timothy 9.00011.50; clover nominal; pork
nominal; lard 31.76; ribs 25.500*26.50.
St. Louis, August 7.—Corn No. 2 yellow
2.00: No. 1 white 2.06: September 1.86.
Oats No. 2 75; No. 3 white 76&76%: Sep
tember 73%.
Produce Market.
New York, August 7.—Butter Arm: re
ceipts, 13.655; firsts, 62<i»64<.. Kggs irreg
ular; receipts, 22,159: firsts, 47050c. Cheese
quiet; average run, 320. Live poultry
firm; chickens, 380400; fowls, 35c; turkeys,
25030c. Dressed steady; broilers, western,
40043c ;others unchanged.
Chicago. August 7.—Butter higher:
creamery, 48063c. Eggs; Receipts, 5102
springs, 33@36c; fowls, 32c.
St. Louis, August 7.—Poultry, hens, 27c;
springs, 31V4c; others unchanged. Butter
and eggs unchanged.
Potato Market.
Chicago, August 7.—Potatoes steady;
arrivals, 16 cars; Ohlos, sacked car lots.
$4.50 cwt.: California, long white sacked,
car lots, $4.75@6 cwt.
Live Stock.
Chicago. August 7.—Hogs: Receipts, 14,
000; estimated tomorrow, 19,000; mostly
25@60c higher than yesterday's average;
ton 22.66c: heavy weight, 20.*S@t!.50c;
medium weight, 20.50@C2.65c; light weight,
20.60@22.50c; heavy packing sows, smooth,
19.26<gfi->0 25e; p-cklng sows, rough, 18@
19c; pigs, IS@19.50c.
Cattle: Receipts, 9000: estimated to
morrow. *000; strong; beef steers, medium
and heavy weight, choice and prime, 17.40
019.25c; medium and good, 1*017.40c; com
mon, 10.50@t3c; light weight, good and
Hubbard Bros. & Co.
Cotton Merchants, Hnnover Square, JM
T. Members New York Cotton Ex
change. New Orleans Cotton Exchange,
New York Produce Exchange. Associ
ated Members Liverpool Cotton Asso
ciations. Orders solicited for the pur
chase and sale of Cotton and Cotton
Seel Oil for future delivery. Special
attention and liberal terms given for
consignment of spot cotton for deliv
ery. Correspondence invited
choice, 14.25018.25c; common and medium,
I. 50014.25c; butcher cattle, heifers, 7.400 >
15c; cows, 7.25@14.50o; canners and cut- ;
ters, 607.25c; veal calves, light and handy
weight, 18.50@19.50c; feeder steers, 80
13.50c; stockee' steers, S0dlc; western
range steers, 9@16.50c; cows and heifers, 1
r.25@13c.
Sheep: Receipts, 24,000; estimates to- |
morrow, 10,000; strong; lambs, 84 pounds
down. 13.76017.25c; culls and common, 90 j
13.25c; yearling wethers, 9.75012.50c; ewes, j
medium, good and choice, 7.2509c; culls i
and common, 2.7506.75c.
Kast St. Rouis, August 7.—Hogs: Re
ceipts, 5000; higher; top. 22.40c; bulk of j
sales, 22022.50c; pigs, 12020c.
Cattle: Receipts. 3300: steady to high
er: beef steers, good, 13015.50c; common.
II. 25013c; butcher cattle, heifers, 7.750 |
15.75c; cows, 7.50013c; canners, 5.15@7.50c;
veal calves, 164*50018.50c.
Sheep: Receipts. 5000; steady; lambs,
14.25016.50c: common. 609c; yearling
wethers, 10011c; ewes, 8.5009c; common,
306c.
Rice Market
New Orleans, August 7.—Rough rice,
sales. Carolina. 17 sacks at 12c; receipts.
611 sacks; millers. 611. Clean rioe, sales,
none; receipts. 4069 pockets.
W. I. PHELTS & CO. j!
Mfmhm Nsw OrPiM Cotton
BxrkMft
Cotton. Stock*. Groin nnd Provisions
for respondent* Shepard A Olock
Prlvstc Wire* Phone Main S7W
211-12 Wwotlnnril DM«.
W. E. Campbell & Co.
Hembera !S>w Orlean* Cotton KirbUBgo
ron'ON Broker*
Correspondent* j Aronson A White
Direct Prlvote Wire
l.oenl Telephone 0141
TiOPR Distance Telephone WWB
217 Woodward Bide.
R. D. BURGER
HKOKF.R
Member X. O. t'otton K^rtunsf. Cot
ton Stork*. Hondo. Grain. Provision*.
COHBESrOVnEKTS
_H. A It. Herr. Mew Orlenn*.
—Clmrnta, t’ortt* A ( o., rhlrngo.
—J. s. Ilncbe CoN Net* York.
305-6 Kmpire Bide Phone 3241.
Member* New Orlenn* Cotton
Rxebance
Cotton. Grntn. Stoek*—Prlrnte Wire*
Prompt Attention Given All linslnea*
Correnpondent* Jno. K. Clntk A Co.
Room* 461-402 Woodward Bids.
Phone Main 367
Liberty Bonds
Bought, sold .and quoted. We pay
highest cash'prlccs tor all Issues.
Caldwell-Garber Co.
507 Brown-Marx Bldg. Phone M. 456
RAILROAD SCHEDULES
Arrival and Departure of Pasaeaper Trains
'Hie following schedule figures published aa in
formation aiul are not guaranteed:
5. R. Stewart & Co.
SOUTHERN RAILROAD LINES
iSouthern Railraad)
Depart*
5:1:0 a Anruaum
6 :20 p Salma (Montetailo'. local
11 M p Anniston Atlanta. local
. . i __k..... i t -- - .-Min lil on
11:5m p Anmiun-Auama.
7 :45 p Columbus UreeuvUlc. Miaa.
0:33 P Atlanta Washington
11:25 a Columbus. Mtsa.. local
12:10 p Jacksonville-New York
1 u 00 a Selma . Montgrallo). local
5:20 a Aontatan-AtlanU. local
12:45 a
5:30 a
5 :30 a
6:50 a
9 00 j
4 :00 p
4 .30 p
5j00 p
SOUTHERN RAILROAD LINES
(A. G. S. Railroad)
Departs
5 . 00 a
6:50 a
« 00 a
0:30 p Chattanooga, local
1:40 p Meridian Shreveport
I 1 M n I Mnptruioli - Kmw YOtfc
7:50 p Meridian-New Orleans
12:40 p Chattanooga. local
11:10 a Meridian, local
11:15 a Chattanooga-Cincinnati
5:55 a New Orleans Shreveport
4:00 p
4 :00 p
8:0* p
1140 P
ST. LOUIS-SAN FRANCISCO RAILROAD
Arrives
0:10 p Memphis, local , 7 :00 a
4:00 p Memphis- Kansas City 12:30 p
• 10 :00 a Auiory. Miss., local 4 :10 p
. :.r> a Memphis-Kansas City_ 11 -00 P
CENTRAL OF GEORGIA RAILROAD
Arrives Imparts
10:25 p Columbus-Macon, local 1:00 a
12:15 p Columbus-Savanoah. Oa. 5:50 p
11:5»-a Columbus-Jacksonville Savannah_4 :25
SeA6(IARD AIR LINE RAILROAD
Arrivee Dewrt*
10:40 p AU»nl»-W«»Mn«ton 0:10 a
1:40 p Atlanta-Richraond-Nortel* 2:30 p
9:50 a Piedmont. local 4:00 p
ILLINOIS CENTRAL RAILROAD
Arrives Depone
4 10 p l?t. Louis-Chicago 12:15 p
UNION STATION
LOUISVILLE A NASHVILLE RAILROAD
(Main Lias Trains)
Arrives Departs
7:30 p Montgomery, local ®:00 a
7:10 p Dsratur, local 7:20 a
12:20 p Mobile Pensacola New Orleans 9:36 a
9:26 a IaOUtsvUle-Cln.-Kt, Louis-Chieago 12:35 p
11:10 a Montgomery. local 3:15 p
8 43 p Mobile-Pensacola-New Orleans 4 :20 p
9:10 a Decatur, local 4:45 p
4:00 p Louisville-Oln.-St. laouts-Chicago 8:58 p
4 ;3E a lx>utsviHe-Clncinnatl11:55 p
LOUISVILLE A NASHVILLE RAILROAD
(Alabama and Birmingham Mineral Division)
7:50 p Ttlocton. local
'5:35 p Tuscaloosa, local
7:20 p (ladftdefi-Anniston,
•4:55 p Praco, local
11:20 a Rlocton-Tuscaloosa
10:20 a Gadsden-Anniston
ATLANTA, BIRMIN8HAM A
ATLANTIC R. R.
Arrives
1:30 a Talladega-Manchester
11:35 p Talladega-Manchester
a
7:00 p
8:10 a
•9:25 a
2:55 p
•' :40 p
Departs
6:00 a
5 p Talladega-Manchester 4:15 p
•Daily exntyt Sunday. Other trains daily.
Livingston Oil
Has Reported 7 Wells
On acreage in which jt hat leasehold interests, since
| May 21st, showing a daily flnsh production rate
! Aggregating 10,825 bbls. Oil
Including production previously reported
Of which the Company’s interest
is approximately 7,500 barrels
| Construction and Drilling Operations
The corporation has purchased approximately 100 carloads of
pipe line, refinery and steel tank supplies, which are being re,
ceived, rapidly assembled and placed in position to care for its
expected very large additional production from the 41 more wells
in various stages of drilling on its leasehold interests in the’
Northwest Extension, Burkburnett Field, Texas.
8 or tnese wens are now reported on tne tana,
ready to come in as soon as they can be connected with
the pipe line; two of them are expected to be
connected with the pipe line and brought in within the
next few days.
Total Capitalization $3,000,000
Outstanding $2,371,940
Over 20,000 Acres, Texas, Oklahoma. Pipe Lines.
Refineries. Large Earnings.
Dividends 3^er Cent Quarterly
Traded in on the New York Curb
Descriptive Circular and Maps on Request.
C.D.KkappJk.&Co.
Established 1900
Investment Brokers
Singer Building NewTork
The statements herein, while not guaranteed, have been obtained from what
we consider to he reliable and authoritative sources.
Allowed to File
By Associate* Prats
Washin*ton, Varnat InrrrajM'd
rates on cotton nnd cotton lintersi
from points In southern territory
to varlons destinations In the
( nltrd States and Canada, asked
by southeastern railroad*. In con
nection with carrier* not under
federal control, were approved for
filing; today by the interstate com
merce commission without formal
nROKEKS
Uftnhfra Nfn Vork and New Or
leans Codon Exrhangiea
Correspondents
Post «V riaj4«. as Wall SU
New Vork City
Lehman Stern A Co.
.New Orleans
Direct Private Wire to New York
212-217 Empire Did*.
Phone M. SSO Long Distance 0044
Liberty Ronds !l«»vvuht« Sold and
Quoted
Read, the Classified Ads.
B. F. ALVAREZ & CO.
1109 Empire Bnilding - Phone Main 4348
ACCOUNTANTS
AUDITS SYSTEMS
Jacksonville, Flo. Mobile, Ala. New Orleans, La. Houston, Tex.
*—iifTr” twit nr*- tvr-* - /
£. Afllier * r-0
Certified pZr"*
® llSlrt^n B,rn,,n*J“n,’ ”»«C°Unty fiank Bld?#
^ST-"
iPhone £**«*«
Ja,n 6936
CAREFUL
PLANNING
INSURES
SUCCESS
THE PULLMAN OIL & REFINI
peals to the more conservative
ciates that success in the oil
same force and ability in manageme
dealings as required in any enterr
tude. Unusually large subscripts
from keen investors from all par^
stock issue is limited and this fact,
developments which may be expe
in of our first well on Desdemon
essary that you do not hoi
your order.
PANY ap
who appre
iemands the I
integrity in
milar magni
sing received
country. Our
with immediate j
igh the drilling j
a, r^kes it nec
nger .n placing
Big Advance in V«;
Our Desdemona and Duke-Knowles leases, some of which
we bought as far back as February, are advancing in value
by leaps and bounds. The tremendous production now be
ing developed in the Desdemona field has boosted up lease
values to the point where town lots in that location are be
ing sold at the rate of from $60,000 to $80,000 an acre.
We are in the market to buy and not to sell, but such prices
are not paid except for proven holdings, and no better in
dication can be found as to the tremendous production we
will get from our immediate drilling programme of 10
deep wells. ^
Enormous Profits in Refining
Conditions, which we had foreseen, more and more jus
tify our pipe line, tank farm and refinery project- Pro
duction will never run ahead of consumption, but even now j
facilities are entirely inadequate to get this oil to the mar
ket. Smaller companies are ruined by the same conditions
which we are turning to tremendous advantage. Even a
casual study of the oil business shows the fallacy of try
ing to operate on a small capitalization and demonstrates
that the successful company must have sufficient cash re
sources to enable it to carry out a well-conceived and ex
tensive programme.
Now is the Time to Buy
The present opportunity will not waft Indefinitely for
your decision. It will only be a short time before our ac
tivities will be confined to the sale of our product, rather*
than to stock. We have two wells drilling, and our imme
diate plans call for a total of ten. It is but a matter of
hours before our No. 1 F. M. Daniel well is drilled into the
oil sands. This well is but 500 feet from the Warren Wag
ner, w’hich is rated at 8000 barrels a day—a monthly pro
ductive value of some $540,000. Under such conditions
you simply cannot afford to delay. Present offering at
par value of $1.00 per share.
CIRCULAR ON REQUEST
Capitalization, $2,500,000. Shares par value, $1.00.
Fully paid, non-assessable.
Pullman Oil
& Refining Company
Home Office
Kaynolds Building,
LI raso, lexas.