Atlanta tri-weekly journal. [volume] (Atlanta, Ga.) 1920-19??, 1922-10-07
IILADELPHIA PLANTS
AT NORMAL CAPACITY
By Frank ID. McIain

By Frank ID. McLain
Ueased Wire Service to The Journal.)
Copyright, 1922
PHILADELPHIA, Oct. 5.-With
suffi lent coal on hand to supply
their immediate needs the great in
dustrial plants of Philadelphia are
operating at normal capacity.
The fuel situation was Materially
helped by the embargo placed on
Ger n freight Nshipments by the
Pennsylvania. Householders are
absorbing rapidly the S MT sup
plies of domestic anthracite reach
ing here.
Coke is scarce and one contractor
who engaged to supply ,--e public
the public schools has fallen down
on his contracts, necessitatilg read
vertisements for bids. Thus far the
embargo on feright shipments has
rot worked extreme hardship here.
COMMODITY NEWS FROM
NATIONS TRADE CENTERS
Ueased Wire Service to The Journal.)
Copyright. 1929
SAN FRANCISCO, Oct. 5. - The
discovery and recovery of the Hunt
ington Beach, the Elk and Monte
Beach oil fields by the Standard Oil
company of California is responsible
for the proposal announced today to
increase the capital stock of that
company to $3.50, 100000 and declare
a stock dividend of 100 per cent, ac-
cording to oil men here. Those
fields have been tremendously pro-
ductive, experts declared today. In
announcing the dividend the COM
pany said: due to the re-investment
of earnings during the last year and
to the growth of business and the
discovery of valuable oil fields which
have greatly increased the value of
the properties of this corporation,
the value of it's assets is now far in
excess of the authorized capital and
the directors deem it advisable to in
crease the capital stock.
Hardware
ST. LOUIS. - Hardware trade in
this section is satisfactory today, be-
ing especially good in tools and steel.
Lumber
SAN FRANCISCO. Lumber
prices are still on the upward move.
Some dealers today predicted a lum-
Der shortage in the spring.
Wool
BOSTON.-The wooden mills arc
active. On the whole, wooden goods
today are selling better than wor-
steds. The two things which manu-
facturers fear are an insufficient
coal supply for the winter and a car
shortage. Manufacturers in general
think that a car shortage of consid-
erabl proportion will develop within
the month.
Grain
FORT WORTH.-Mountin wheat
prices have been felt here in an adj
vance of 40 cents a barrel in the
southwestern flour.
Fruit
SAN FRANCISCO-Rain which
have been light but dangerous, have
fallen in the northern fruit belt of
the state and indications are today
that more rain will fall. Many pl1ms
are still on the trees. owing to lack
of farm help. A large portion of the
raisins are still in the field or on the
vines.
Shoes
BOSTON. - Manufacturers of
boots and shoes throughout New
England seem to have Jared better
recently than producers in the west
This is the opposite of the condition
exhibited last spring. The shoe bus
mess here today is better than it
has been in two years.
RAIL EQUIPMENT
CLEVELAND.-E COM
panies here today report a quicken
ing of buying for the railroads since
the strike was settled.
NAVAL STORES
NEW ORLEANS.-Con in
the turpentine and rosin market
have improved steadily for several
months and those products today
are on a basis which yields the pro-
Queer a profit for the first timeSin
two years.
ST. PAUL.-Consumer are being
urged today by state officials to use
bituminous coal from Illinois and
Kentucky fields. The wood supply
in this state is short.
NEW PHILADELPHIA, Ohio.
Owing to a car shortage, mines on
the B. & O, in Tuscarawas county
are working only two days a week.
PITTSBURG.-sales Of coal are
reported here at 81 per ton for run
of mine, although the prevailing fig
ure today is above this figure.
STEEL
YOUNGSTOWN, Ohio.-President
James A. Campbell, of the Youngs-
town Sheet and Tube company STAT
ed today that his company is not
considering consolidation with any
other concern. The company may
form a manufacturing connection
with the Chicago district either
through construction of a pipe plant
or the acquisition of a going con-