davidaulloa/AmericanStories huggingface dataset:
, 1923-03-08

Tobacco Products declared the reg
ular quarterly S1.76 preferred divi-
dend. dates April l and March ID.
]. C. Penny declared the regular
quarterly dividend of si.75 on pro
ferred. dates March 81 and March 20.
Manhattan Electric Supply de
clared the regular quarterly 81 divi'
dend, dates April 2 and March 20.
Associated Oil company declared
the regular quarterly $3.50 dividend,
dates April 25 and March 10.
Hercules Powder declared the reg
ular quarterly dividend OF III per
cent on the commo stock. payable
March "a to stock of record March
is.
At n special stockholders meeting
of the United States Tobacco com
pany an increase OF authorized no par
common stock from $50 900 to 600 900
shares was ratified. allowing payment
OF n 20 per sent stock dividend pre-
viousiy declared by the directors and
payable April 16 to stock OF record
March 10. The authorized preferred
stock remains unchanged at 10000
shares of 500 par value.
Westinghouse Electric and Manu-
featuring company declared the reg
ula quarterly dividend of ! per cent
on both common and preferred stocks,
the common payable April 30 to stock
of record March 80. the preferred
April 16 to stock OF record March 20
United States Tobacco company de-
clared regular quarterly dividends Of
rs cents on common n TX per cent
on preferred, both payable April 2 to
stock OF record March 10.
The regular Homestake Mining
company 5o-cent dividend was de-
clnred.
others included: Regular Kelsey
Wheel $3.50 common dividend; regu-
lar spicer Manufacturing 81 quarter
iy preferred dividend; regular Loril-
lard company 3 per cent on common
and tx on preferred; regular 2 per
cent Royal Baking Powder common
and IL per cent on preferred stock.
, 1923-03-08
Foreign Exchange

NEW YORK. March s.-Foreign ex'
changes irregular. Quotations In
cents: Great Britain demand 4.7ohi
cables 4.7o%: 60 day bills on banks
ass. France demand 6.05h; cables
Cos. Italy demand 4.7eh; eTes
Ar. Belgium demand 5.23; cables
1854; Germany demand .oo4Ski
cables .o0ish; Holland demand 1881,
cables 1884; Norway demand 1910
Sweden demand 1853: Denmark de
mand 1910; Switzerland demand
1856; Spain demand 1854; Greece de.
mand 1.04; Poland demand .oo21.
czocho- Siovakia demand 2.97; Argen
tine demand 37.25; Brazil demand
11.37; Montreal 9ss.
, 1923-03-08
Livestock
Chicago Prices

CHICAGO. March gu. 8. Depart.
ent of Agricultur e.)-Hogs receipts
$4,000: slow. 10 to 15c lower; bulk de-
strable $50 to $50 pound averages 500
@s.25: top s.25; some held higher;
bulk 200 TO 225 pound butchers $40
1s.15; bulk $40 to 325 pound butchers
7.soas.oo: big packers bidding less;
packing sows around 7.25: desirable
pigs mostly 7.2597.75; heavyweight
hogs 7.soas.o0: medium 7.s5@s.2O:
light s.o59s.25; light light 7.75ds.25;
packing sows smooth 7.2O@7.45; pack
ing sows rough 6.so@7.25; killing pigs
6.75@s.0o.
Cattle receipts 1000; active; beef
steers. better grade beef COWS and
heifers Largely csc higher. spots up
more on beef steers; desirable handy
steers comparatively scarce; killing
quality less desirable $40. wednes
day; top matured steers e.75: few
head about 1.15o pound average
1910; best long yeariings early $50;
bulk beef steers .26@e.50; Gamers
cutters 15c up; bulls strong to
loo higher; veal calves steady to Csc
lower; stockers and feeders irm:
bulk canners around ss5; cutters ass
m4.00; bulk desirable vealers to pack
ers around 500; common light veaiers
$50 below; upward to HOO and above
for choice $50 to $50 pound vealers TO
shippers: bulk desirable bologna bulls
4.76@4.so: bulk stockers and feeders
e.5o@T.T5.
Sheep receipts $4,000: generally
steady to weak; early top 1900 TO
city butchers, 14.75 to packers: light
weight clipped lambs 1925; four loads
fall shorn 1875; clipped 90 pound
lambs 1f.25: desirable fat ewes up to
$50: n load Hip pound clipped
wethers 7.50; feeders qutet.
, 1923-03-08

NEW YORK. March s.-The Amer.
lean Petroleum Institute estimated
the worlds petroleum production in
1922 at s51, $40. 900 barrels. compared
with 1855 ,s65 900 barrels reported by
the United States geological survey
for 1921. The increase in 1922
amounted to s4.4T5.o 900 barrels. or
11.3s per cent. The United States
produced 551.197.o 900 barrels In 1922,
or SAT- per cent of the total world pro
duction.
Mexico produced 1856. o57 900 barrels
in 1922. amounting to 21.7 per cent
of the world production. In 1929 the
United States and Mexico combined
produced S6.4 per cent Of the world
production and in 1921. 81 per cent.
Substantial increases in production In
1929 were shown by Persia. Peru,
Sarawak, Argentina and Venezuela,
while Colombia showed its first COM
meroial production.
The daily average gross crude oil
production Of tha Un!tsd states in
, 1923-03-08
WHEAT CLOSING
|SUNSETTLED
Expected Bear Raid Fails to
Materialze, Some Ad-
vances Scored.

CHICAGO. March S.-wheat scored
a moderate advance in price today
during the early dealings. the chief
factor being unexpected strength in
the Liverpool market. Dry weather
in western Kansas and Oklahoma
tended also TO aid the bull side OF the
market Most traders. however. APP
peared 70 be taking no decided stand.
preferring to await the government
report this afternoon as 4 farm re.
serves. The opening. which ranged
from &c to NC higher. with May
$1.1s& TO s1.1s and July s1.14Si, was
followed by a little reaction and by
an upturn slightly higher than be
fore.
Predictions in some quarters that
the government report would prove
bearlsh failed to bring about any ma
terial selling pressure in the last
part Of the day. The closing was
unsettled at nc to Nc net gain, with
May s1.1sA to s1.1e and July SHAY
to s1.14h.
Corn and oats were frmer with
wheat. After opening &c to &C
higher. May 74c to 74Ac. the corn
market sagged somewhat. but soon
recovered.
Trading was mostly in the nature
of evening up to prepare for the
government report. Prices closed
weak, at the same as yesterdays
finish to &c lower. May 73&c to
735.c.
Oats started lar to nc UP. May 45c
and later held near to the initial
range.
Despite lower quotations on hogs.
the provision market averaged higher,
influenced APPARENT by the action of
other commodities,
, 1923-03-08
Omaha Quotations.

OMAHA. Neb.. March s.-U. s,
Department of Agriculture)EHogs-
Receipts 10000; market slow. early
market steady to be lower; bulk
butchers s7.7o97.75; top $3.50: pack.
ing sows steady, mostly at $500
stays out at 5000.
Cattie--Receipts 300; beef steers
and she stock steady to strong; top
steers 5000; bulk S7.25@s.50; good
and choice COWS s5.5o@6.5o; best here
1915: bulls strong: bologna bulls
s4.s044.65; veais dull, lower; tor
$1,000; stockers and feeders slow
steady at weeks decline; top 1000
pound feeding steers s8.05.
Sheep - Receipts $1,000; lamb.
strong: bulk s14.25914.50; early tor
s14.6o; sheep strong TO higher; early
sales light eve ss.50@S.75; best held
at $500; feeders steady: eS pound
shearing lambs s14.o0.
, 1923-03-08

Price fixing ut which senators ex
pressed open mouthed wonder" he
declared to DO but a natural and nm
avoidable development of the indus.
try wherein the public benefited
much more than IL competition were
INDUCED in to tho fullest extent by
the various companies.
The government now has ample
power, he said. to protect the pub
lie from extortion and unfair prac-
tees. But the public cannot ask that
the industry destroy Itself for brief
qualification of cheaper gasoline
which would soon be followed by
even higher prices than ever before.
he asserted.
, 1923-03-08

Treasury.
Officers and directors OF h West
ern Exploration company are C. 3.
| Richardson. president: s. A. Lane,
| vice president; Roderick N. Matson,
secretary; C. w. Spar. assistant sec
rotary; B. B. Brooks. treasurer: Carl
r. Shumaker. assistant treasurer;
Patrick Sullivan. Charles p. Whitney
| and Charles W. Hirsig, directors.
Supplementing the report is q
statement by c. b. Richardson. presi
dent. which follows in part:
1T is a pleasure to report the pro
gress made by your company for the
past year, as the development of It's
properties has greatly added to the
physical assets Of the company.
when h present officers were
e'ected TO take charge OF the com
pany's affairs five years ago. It was
seriously debated for two days by the
directors whether it was better to at
tempt to re.finance the company and
go ahead. or TO ask for a receivership
to liquidate its business. We have
Travelled a long trail and come a long
way since then. During all that time
no officer OF this company has drawn
one penny IN salary and practically all
tho more valuable properties and as
sets OF the company today hav been
acquired. purchased and developed
since the date of that reorganization.
ut has always heel the ambition
and hope OF your officers that the
company would build up on conserva-
tive lines to a point where the actual
physical assets. measured In product
E.. $500. .-I arrofa Of oil vynffd
represent a full one hundred per cent
Of value for every share of the cap
ital stock outstanding. I believe this
has been accomplished; and u hope
to reach the dividend period will ais
be realized before the end of this year.
Salt Creek Field.
MANY wells have been drilled on
tho lands. in which we own fractional
royalty interests. during the past
year: and on the southwest quarter Of
section 5-30-7s. n which t,ie company
has n twenty-five per cent working
interest after the payment OF govern
ment royalties, six wells ave been
drilled during the year with an aver
age production OF $50 barrels each. or
a total of 5000 barrels daily produc-
tion. The price OF oil was very low
curing tne past year anu the OIL tAheii
and run by the pipe line companies
has been limited to thirty-five per
cent of the developed production from
each lease. Estimated on this basis.
our present developed production in
tho fold is approximately 1000 barrels
daily.
The company also owns a twenty
five per cent undivided interest IN the
west half OF the northeast quarter OF
the east half OF the northwest quarter
OF section 1S-3o-7s. There is one small
well on this land at present. but as
the entire quarter is exceptionally
we'll located on the structure. future
drilling will doubtless develop the
average good producing wells found
in the part OF the fled.
Billy Creek Field
THE Billy Greek structure. cover
Ing about 5000 acres. located in John.
son county. Wyoming, 60 miles north
OF Salt Creek, and in which the com
Ipauy owns n sixteen and two.thirds
per cent carried working interest
, 1923-03-08
Potatoes

CHICAGO. March Potatoes
steady on northern stock. weaker on
Idaho; receipts 81 cars; total United
States shipments sTs; Wisconsin
sacked round whites s0c9si.oo cwt.;
few best at si.o5 cTt.; bulk $1,000
10 cwt.; Minnesota sacked round
whites partly graded $4,000 cvvt,
Idaho sacked Russets unbranded
S1.259t.50 ewt
, 1923-03-08
Western Exploration statement

Discovery OF gas on the Billy Creek
structure Of Johnson county. where
1t is Jointly interested with the Con.
nolfdated Royalty and the Carter Oil
companies through a is a-3 per cent
working interest. was tho outstand-
ing development in the affairs OF the
Western Exploration company for the
last year. according to h sixth an
nual statement Just made public by
c. d. Richardson. president of the
company. The company stands to
realize large returns in the future
from the big gas production uncorked
at Billy Creek.
Although earnings OF the company
we're at a low ebb in 1922. due to the
drop in the price of crude. earnings
for the present year would approx
mate $1s5 900 on the basis of receipts
from january operations. The com
pany's balance sheet follows:
, 1923-03-08

DENVER. Colo. March Seattle
receipts 400: market steady; beef
steers $7@s.2b: COWS and heifers $3.50
o.; calvos san; stockers and feed.
ers s4.50@7.75.
Hogs receipts 200; market STEADY
TO &c lower; top s7.s5; bulk $1,000
$50.
Sheep receipts $500; market steady.
lambs si2.5o9lS.75; feeder lambs
Slc.75314.00; ewes S4.509G
, 1923-03-08
Bill Would Bar
Aliens From Oil
Fields in Okla.

OKLAHOMA CITY. Okla. March
s.-A bill providing that no subject
of any king or potentate shall own
or operate oil properties in Okla
homa until European oil fields are
omen to Americans. was introduced
in the upper house Of the state iegis-
lature today.
, 1923-03-08
Money

NEW YORK. March - Call
money firm: high s; low AZ; ruling
rate AZ: closing bid 5; offered at 5a;
last loan 8; call loans against accept
ances AZ; time loans irm: mixed coll
lateral. 1890 days 565h; ~four-six
months 5q5N. Prime commercial
paper 8.
, 1923-03-08

Much interest is aroused in oil cir
cles by the discovery of petroleum in
a we'll in Barton county. Kansas.
nine miles from Hoisington. The
hole is 1870 feet deep and oil is said
to be standing 5000 feet in the hole,
The discovery was made in What is
known as the Sooy well. drilled by
E. II. Cooper fer the Empire State
Oil company. according TO A. w.
Beach. who is interested in the sale
of leases reported to BIO on the same
structure.
, 1923-03-08

Cash Grains.
CHICAGO. March s.-wheat. No.
s,red s1.esk; No. 2 hard s1.1s@1.1sh.
Corn No. 2 mixed 7sh953%c; No. 2
yellow. 74K @74sc. Oats, No. 2 white
ASK @46hc; No. 3 white 44k 945c
Rye. No. 2. s1hGs1%. Barley $50
Tic. Timothy seed s5.eo@s.5o. Glover
seed s1S.5o920.5o. Pork nominal
Lard s11.oT. Ribs s1o.s2911.5o.
, 1923-03-08
Butter and Eggs

CHICAGO. March s.-Butter lower;
creamery extras 47c; standards 4ehc;
extra frsts 46946hc; frsts 45@45hc;
seconds 44144hc.
Eggs lower; receipts 1855 cases:
frsts 81 q 81 nc: ordinary irsts 2eh@
30c; miscellaneous 3o@3ohc.
, 1923-03-08

Midway test well No. 2. depth 4.4i5
feet; cleaning out. hole cavlng; lost
bit. fishing for same.
Nieber Dome test we'll; cepth 1,775
feet; underreaming.
Grove well No. 2, Notches; depth
EGO feet; swabbing and cleaning out.
Baxter Basin Field.
Well TX. NEH section 3e-1s-1os:
depth 1890 feet: cleaning out. Well
90; SEX section 25.1s.104: depth 1.1s5
feet; cleaning out.
, 1923-03-08
Metals

NEW YORK. March Stopper
firm; electrolytic spot and futures IL.
Tin firm; spot n nearby 47.50; flu
lures 47.75. Iron steady; unchanged.
Lead firm; spot s.2S4s.60. Zinc
steady; East St. Louis and nearby de-
livery 7.75@T.s5. Anthony spot ..
, 1923-03-08
Sugar

NEW YORK, March Sugar
closed firm, approximate sales 6 5000
tons. The market for refined was
quiet and prices were unchanged at
SIS to 9.15 for fine g~ranulated.
, 1923-03-08

Two hundred and fifty years ago
children in England were sent to
school with pipes in their satchels.
and the schoolmaster called a halt
in their studies while they all smoked.
, 1923-03-08

The United One Cent to One Dollar Affl-
lated Stores Company is placing a limited
amount of its securities on the open market
at original ground floor prices in commune
ties where it has stores and is to open them.
These securities are being sold in
amounts to suit and on a payment plan
without interest. They participate in the
profits of all stores now opened or to be
opened. You also get a discount on every
dollars worth of merchandise purchased
from any one of the United Chain Stores.
For details see John c. Roberts at Room
201, Hotel Hennifg.
, 1923-03-08

buying OF independent steel shares
and a select assortment of special.
ties. Sales Appropriated 1900, 900
shares.
NEW YORK. March s.-opening
prices in today's stock market were
firm. Buying of the equipment and
automotive shares featured the early
dealings. S~tromberg Carburetor, Bald.
win and Railway Steel Spring each
selling at least a point above last
nights clothing prices. Pan Ameri.
can A and B. Cosden and Industrial
Alcohol also moved to higher ground
Independent stee's also were in bet
ter demand. vanadium rising a point
and Crucible a.
Prices strengthened in the later
trading. cosden established n new
high record for the e at 62. up IL,
and California Petroleum and Pan
American each extended their gains
to a point. Pressed Steel Car, Pull
man, Studebaker, Industrial Alcohol.
Otis Elevator and Federal Mining and
Smelling preferred also sold a point
or more above last nights closing
prices. A better demand also was
noted for the railroad shares. Canad-
ian Pacific rising q point and Balti.
more and Ohio y. American Wooden
was the only conspicuous heavy spot,
dropping a point. Foreign exchanges
opened steady; demand sterling selling
at 4.69% and French francs at COS
cents.
The general market was less re-
%sponsive this morning to the bidding
up of special groups, being unable to
digest. except at substantial n
sion in quoted values. the large VOL
ume OF realizing sales and the stock
offered by professional short inter
ests. Gains in the equipment group
were speedily cancelled and General
Asphalt, California Petroleum, Amer.
lean Locomotive. Baldwin. Bethlehem
"B," S%tromberg Carburetor. Stewart
Warner. Tobacco Products and Wells
Fargo Express dropped 1 to 2 points
under yesterdays final figures. There
were a few strong spots, Market
Street Railway second preferred
jumping five points and Maxwell
Motors A. Mack Truck. United Rail
, ways investment preferred and Sears
Roebuck climbing two each. a block
of 10000 shares of Maxwell Motors
B changed hands at 20hz. up IS. Call
money opened at Az per cent.
The spread Of the selling movement
ultimately carried the major portion
OF the list from one to three points
under Yesterdays CLOSING. Union Pa
cific IND Stromberg yielded three
points and a dozen or more other
active Issues two to az. Subsequent
heavy buying of the independent
steels. which sent Gulf States up az
crucble and Sldss 2. and Republic LIZ.
caused a halt In the general selling.
The closing was irregular. Partial
recovery from early heaviness took
place during the afternoon when fnde-
pendent steel shares were taken in
hand and bid up sharply. Coca Cola
American Can and Rock Island were
other Individual strong spots.
, 1923-03-08

MARKET Gossip AND field NEWS
MIDWEST DRILLS IN NEW GusHER

One completion was recorded last week by the Midwest
Refining company in the Salt Creek field. the Wyoming Oil
Fields 29-A on the southeast quarter of section 24-40-79 be-
ing brought in at ,730 feet. The well has not been tested.
Wildcat operations of the Midwest show the following
, 1923-03-08

brought in on January 0. 1928. a gas
well producing 5s,ooo.oo0 cubic feet
a day. Since thon two new wells have
been located and rotary rigs are now
being erected on tho land. These
wells will test three lower sands. be.
low the gas horizon. We believe the
field has been proven as n very large
and important gas producing struct.
ure. with every likelihood Of oil being
,ound in the lower sands. The test
now being made should be deter.
mined in a few months. and there is
every reason to believe hat the de-
veiopment of this field holds wonder
full speculative possibilities for the
future growth OF your company"
, 1923-03-08
Cotton

NEW YORK. March g. Cotton
spot quiet: middling so.95.
, 1923-03-08

Flax Seed.
DULUTH. Mimi, March s.-Closing
flax seed. March, 2.94 bid: May 2.7Sh
asked; July 2.72h bid.
, 1923-03-08

Directors of the Mountain Pro
ducers corporation at a meeting IN
the Denver office today voted to in.
crease the dividend from 20 cents n
share to 80 cents a share, that IS
from an annual rate of s per cen to
IL per cent. The dividend will be
payable April . to stock OF record
March Is. The disbursement will
amount to 500 .4oo.so on the 1871 $50
shares of stock outstanding.
The action. has been watched with
Interest in view of tho fact that
Mountain Producers shares with Salt
Creek Producers association the lease
on section Sc in Salt Creek. about
which there has been SO much pub
licity OF late in connection with the
extension OF the lease.
, 1923-03-08
Silver

NEW YORK. March s.-Foroign
bar silver 66%; Mexican dollars 81.
, 1923-03-08
HEAVY SELLING
BEARS PRICES
Stock List Declines but Raj
lies Under Influence of
Steel Demand.

NEW YORK. MARCH s.-specu-
lators for the decline. taking advant-
g OF the markets weakened tech.
nical position after a sustained rise
of two weeks, forced a recession of
prices in today's early dealings. Subse.
quently. however. stocks moved up
ward again in response to the fresh
buying of independent steel shares
and a select assortment Of special
ties. Sales Appropriated 1900 900
shares.
, 1923-03-08

1.-THE Billy Creek structure. cover
Ing about 5000 acres. located in John
son county. Wyoming, 60 miles nortt
OF salt Creek, and in which the com
pauy owns n sixteen and two-thirdi
per cent carried working interest
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1923-06-02
SALIVA |ON|ST
TELLSOF
AIMS
Anti-Suicide Work, Maternity
Hospitals, and Prisoner
Relief Conducted.

Commenting today upon the con-
tinuing OF the 100000 fund which
his organization has set as budget
mark for work In the coming year,
Brigadier David Stitt. local COM
mander of the Salvation Army,
pointed out some aspects OF the
body's work which are little known
to the general public.
Among these are the ''anti-suicide'
work, maintenance OF maternity
hospitals and prison service.
Anti-suicide work is a function
of every department Of the Sal,
It has practically demonstrated its
value In the reduction of self-de-
struction through spiritual and
physical encouragement Of the de-
pressed.
Rescue homes and maternity hos
pitfalls are maintained for fallen
women. In the maternity hospital
at Greenville, 8. c., alone $40
babies were born last year.
Through the prison service in
generated men and women are
taught to re-enter the world with
a desire and intention OF becoming
useful citizens rather than hardened
criminals"
Contributions to the local fund
should be sent to Salvation Army
headquarters, 607 e street north.
west.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1923-06-02
S21,0OOCHURCH
READY FOR
OPENING
Methodist Episcopal Edifice at
Marion, Md, compIetePIan
AII-Day Services.

EVANSVILLE, Md, June g.
Opening of the new $21, 500 gray
stone building OF the First Metho-
dist Episcopal Church South, at
Marion street, will take place to-
morrow, when aIl-day services will
be held. @
Following Sunday school at 9:45
a. M, the principal service will Je
held at IL o'clock, at which the
sermon will be delivered by DIR. Z.
v. Register, presiding elder of the
Washington district. An organ pre-.
Jude and solo by Mrs. J. Frank
Rice of Washington are among
other special features Of this service.
At 3 p. m. a young peoples rally
in which young peoples societies
Of Hyattsville churches and the
Brentwood NJ e. Church, South,
have been invited to participate
will be held, M. H. B. Hoffman and
T. D. FARRELL being in charge of the
program. Special music, short talks
by former pastors and Sunday
school specialists are included in
the program for this feature.
An Epworth League devotional
meeting in charge of student volun-
teers of the University of Maryland,
Miss Lillian o. Ernest, leader, will
take place at p. m.
The days program will be con-
cluded with an inspirational service
at O'Clock when the sermon will
he delivered by DIR. J. Howard
Wells, presiding elder Of the Balti-
more district. There will be selec-
tons by the church choir and solos
by Walter M. Macluckie of Wash
ington.
All former pastors, members and
friends Of the church are cordially
invited to attend the services. The
committee on entertainment com.
prises Mrs. James Severe, chair
man: Mrs. M. H. B. Hoffman, Mrs.
B. 8. Pendleton and Mrs. Louis
Dashiel
About $4,000 has been raised
so far toward the cost of the build.
ing. The property, regarded as un-
usually desirable. is appraised at
$40 900.
The building committee of the
church includes the Rev. C. H.
Cannon, pastor, chairman: T. D.
FARRELL, secretary; M. II. B. Hoff-
man, treasurer; Alex GUIDE, Mrs.
James Severe, Miss Eliza Roszell,
/. K. Gruver, K. J. Morris, T. Ray
Stanton and M. A. Blasey.
The architects are Mitchell and
Hunter Of Washington and the
builder Frank Ginechessi, of Chevy
Chase, Md.