The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1923-01-19
Short Market Flashes

DALLAS Tex, Jan. 1s.-Purchasing
prices Of crude <oil in Kansas, Oklahoma
and Texas were again advanced today by
the Magnolia Petroleum company sc a
and 1Oc barrel above IS gravity. Thrai
tTexas) crude and CorsIcana (Texas) light
we're increased loe a barrel 70 $40 and
sc to the new price of zoe.
WASHINGTON. Jan. 1s.-The Mobile
and Ohio railroad apple dto the inter-
state commerce commission today for au-
thority to issue st.600.0 GOO in par value of
similar securities, the. proceeds TO be used
for paying in part for $50 new freight
cars and nine locomotives, which will COSY
approximately $2,oOo.0oo.
WASHINGTON. Jan. 1s.-Imports of
gold into the United States during 1922
the department of commerce announced
S69l 24S,2e7 in 1921. Exports OF gold dur
ing 1929 were s36.s74.se1 compared with
given as SO, soss5s in 1921 as against
S63242,671 in 1921, and silver exports as
s62.s07,2s6 during 1921 compared with
$5l575.Ss0 the previous year.
NEW YORK. Jan. 1s.-virtual disap-
pearance OF the German mark as a me-
dum OF commercial exchange was re-
ported today by foreign exchange dealers
who quoted the German currency unit at
American dollar, another extreme low
record. This represents the depreciation
of more than 90 percent WITHIN TOUR buA
ness days.
NEW YORK. Jan. 1s.-The board of d.
rectors of the Richmond. Fredericksburg
and Potomac railroad today declared a
dividend OF 100 per cent In dividend OBJ
legations. the largest of its kind in the
history of the company.
WASHINGTON. Jan. 1s.-Imports will
planters T's Sufficient supplies OF calcium ar
senate, used in fighting the cotton boil
weeyl, according to a Joint report of ag-
ricuiture and interior departments trans
mitted to the Senate today in response to
a resolution by Senator Smith, democrat.
South Carolina. Domestic producers of
supply the product fast enough to meet
early requirements this year
CASPER. wyo,, Jan. 1s.-The Midwest
Refining company today announced an in
crease Of 10 cents barrel in the posted
oils The Ohio Oil company. It was said,
is expected to concur in the Increase,
WASHINGTON. Jan. 1s.---The total
value OF American merchandise exports
during 1922, according to statistics made
m nUgt'e vas was sS,ssi.S1s.7ss compared with
$4,4S6,0sI,35 during 1921 and $2,4s4,o1s.-
292 in 1913.
PITTsBURG, Jan. 1s.-Ten cents
barrel was added to the purchasing price
purchasing agencies here at the opening
OF the market today making the price
sS.45. 1t is the second advance this week.
Other new quotations announced were Ca
bell s2.31. Somerset $2.1o and Somerset
Light s2.S5.
NEW YORK. Jan. 1s.-The daily aver
age gross crude oil production of the
United States decreased 1.150 barrels for
the week ending January 10, totalins
1.762.5o0 barrels for the preceding week.
according to the weekly summary of the
American Petroleum institute. The daily
average production east of the Rocky
mountains was 1926 $50 barrels. as com
pared with 1887, 500 barrels. decrease
of l1.l50 barrels California production
was 525, 900 barrels as compared with 515,-
900 barrels. an increase of 10000 barrels.
RICHMOND. Va. Jan. 1s.--The state
supreme court of appeals today allowed an
appeal from the decision of the chancery
curt of Richmond, holding the election
of the present board of directors of the
Pierce Oil company to be Illegal The APP
peal was allowed upon condition that the
Pierce Oil corporation and Henry Clay
Pierce. appellants, execute bond in the
sum of sS5o.ooO
SAN FRANCISCO. Jan. 1s.-Articles OF
which will start freight refrigerator
service between San Francisco and At
lantic coast points via the Panama canal
TO handle California fruit and vegetables
of the division OF the state department
of agriculture, announced here today. Mr..
Bigelow said capital for the undertake
ling already had been subscribed. Six YES
sells are to be operated. he said.
CHICAGO, jan ia firmer tone was
noted on the butter market today, due to