San Antonio light. [volume] (San Antonio, Tex.) 1911-1993, 1923-01-18
Orders Drilling
Machinery and En-
cages Experts.
Many LINES ACTIVE
Heavyweight Wooden Goods
Not Expected to Ad-
vance Over Much.
BY j, G, ROYLE.

opyright, 1928, by The San. Antonio Light.
New York, Jan. tS.-The active phJ-
heal move toward developing and plac'
he on the markets of the world, the
I'M resources Of southern Soviet Russia
las been taken by an American corpora
ion.
According to reliable reports received
bday from Chattanooga, Tenn, the In
Irrational Barnsdall Corporation has
losed a large contract with the Lucey
Manufacturing company Of Chattanooga
br a large number of drilling rigs and
. il we'll machinery for the exploitation
{ the BaloI oil fields of Russia, along
he Caspian sea.
The International Barnsdall Corpora.
ion, according to these reports, holds
concession from the Russian FEEDER.
ted Socialist Republic by which the
i'll lands granted TO the concern in the
|'aku district are to be operated on a
oyalty basis, the royalties to be paid in
- il. The International Barnsdall Cor
Soration is a subsidiary of the Barns,
| all corporation owning oil wells and
hines in fourteen states in this country
nd was organized for the purpose of in
Iestigating natural resources in foreign
Countries.
Soyiets Buy Machinery.
The Lucey Manufacturing company
bow is finishing a large contract for oil
|rilling machinery for the Soviet gov.
|rnment, involving the expenditure OF
|everal hundred thousand dollars. This,
however, was placed through and fin
h. prtt oh Snf
reported from Chattanooga that the as
distance of the Lucey experts in put
ling the new machinery into operation
|long the shores of the Caspian sea was
Rrranged at meeting between Capt.
John f. Lucey, president of the con-
fern and Nathan Day, president of the
|,oncessionairss.
The Baku fields have been productive
for hundreds of years, but the wells
md properties in that region suffered
heavily during the political disturbances
Eince 1914. The location of the field
kfves it n strong position in the trade
bf both Europe and the Orient and its
wide development has decided bearing
bn the market for other products.
There is n general feeling among
Eoolen men that the heavyweight open.
ing of goods for next fall BY the Ameri.
ran Wooden company, next Monday and
Tuesday, which sets the pace for the
WOODEN goods trade in many weaves, will
show price increases ranging from il
10 % per cent. Extreme advances are
hot expected as it is known the lead
ing interests was successful in filling at
least part of its heavyweight wool
at fairly advantageous fig
ures.
Many Lines Active.
The advance in Fruit of the Loom,
muslins to 20 cents yard was fully
expected in view of the strength of the
raw cotton market. This is the sec
ond advance since last September.
Shipments of Portland cement this
month are maintaining the pace set in
December when 4,S5S,0O0 barrels left
the plants and building material demand
shows no sign, no slacsening in other
Locomotive and equipment building
concerns are doing a tremendous bust
ness. The ]. q. Brill company of
Philadelphia has been awarded a 3d.
100000 order for cars for the Chicago
surface line and new public utility
financing indicates further large pur-
chases of cars by traction companies
throughout the entire country. The
Locomotive company is en-
arging its plant to enable it to cope
with recent orders. Orders on the Bald
win books aggregate S46,0O0,000.
The activity in the electric light and
power field is reflected in the activities
If the electrical equipment companies.
Orders received by the General Elec-
trical company since January 1 have
shown no let up from the pace set in
the last quarter of 1922 when sales ex-
,eeded those Of the preceding year BY
30 per cent.