davidaulloa/AmericanStories huggingface dataset:
San Antonio light. [volume] (San Antonio, Tex.) 1911-1993, 1923-08-08
STOCKS BREAK / ii
TO 2 POINTS IN
AFTERNOON TRADE
Morning Session Is List
less-lndiuidual Issues
Are Weakest.
BY STUART p. WEST

Copyright. by The San Antonio LIsht.
New York. Aug. 3.-.-During the
first hour today prices were very lit
tie changed. When trading began
again after the suspension for the
funeral services numerous weak spots
cropped out among individual stocks
and the selling spread to the rest of
the market. The decline was rather
sharp and left the speculative lead
ers point to two points and more
lower on the day.
Knowing that the stock exchange
was TO be closed from IL to L. 80.
the hour Of the late Presidents
funeral services at Washington. the
market started out rather listlessly
this morning. Prices were little
changed. They opened slightly higher
and then sagged off to about last
nights closing. (
Special weakness again appeared in
the leather issues. carrying them down
10 new lows. This was a further
response to the unfavorable statement
Tuesday by American Hide and
Leather for the second quarter and
haf-year. As the Central Leather
Company has been doing almost as
poorly. these stocks went down. too.
The preferred at Il IL was off ) IL
points from Monday.
Weakness in Burns Bros. stock ap-
peared to be due 10 special market
conditions. Those in touch with Burns
Bros. affairs have said positively that
earnings are very satisfactory.
The Fries were again a strong fea-
ture. The vice president of the road
was quoted as saving that traffic the
first seven months had broken all rec
ords and that prospects are good for
continued large business.
The weak snots in the forenoon
were increased in the afternoon. The
Allied Chemical was driven down un-
der 60. partly because the company
VIII now have To take its loss on its
holdings on Steel and Tube common
and partly because it has been selling
too high for t per cent stock where
there was little or no chance any
longer Of larger payments.
The break in mercantile Marine
preferred well below 20 came as
shock to the many who had thought
that this stock was low enough TO
discount the bad conditions in the
ocean carrying trade.
In the last hour a sharp raid was
directed against Anaconda and met
with considerable success. The ease
With which this stock gave way af-
ter having held so steadily for some
time was disturbing incident from
the bull standpoint
The weakness in these various d.
rections at length brought about
quick change in the attitude of pro-
fesSional SPECTATORS. Shifting to
the selling side. their operations
brought about. rather sharp decline
in such volatile issues as the loco
motives and leading motor stocks.
The rails came down with the rest.
San Antonio light. [volume] (San Antonio, Tex.) 1911-1993, 1923-08-08
NEW ORLEANS COTTON.

New Orleans. Aug. S.-Poor cables and
reports OF scattered showers in oklahoma
caused a drop of % TO - points in the
price OF cotton soon after the opening
today. support was offered because OF
expectations OF unfavordble weekly crop
reports and, at the end OF the first hour.
the trading months were back within C
to Il points OF yesterdays close. Oc-
toberC after falling TO sS.03, recovered 10
1896.
The market closed between 9 and 9:4S
o clock because OF the funeral services
over the body OF President Harding.
While the weekly weather and crop re-
ports were considered unfavorable. they
were offset by expectations OF less uu-
favorabl weather in the western belt.
Heavy selling followed dispatches from
Berlin. received here over private wires.
stating that passive resistance in the
Ruhr would continue until the terms of
France were known. Toward II o'clock
prices were so 10 81 points under the
close OF yesterday. with october of 10
a2.6.
San Antonio light. [volume] (San Antonio, Tex.) 1911-1993, 1923-08-08

memorial services IN Alamo plaza, fol.
lowing which they will return TO the
lodge for closing. All master Masons
are invited TO meet with the Alamo
lodge for the purpose.
The closing of all government Of.
fices throughout the federal western
judicial district Of Texas has been or.
dered by United States Attorney John
ID. Hartman Friday in memory of the
late President Harding. A telegrsm
ordering all offices closed and in
structing him to inform the heads Of
all departments in the district was re-
ceived by Mr.. Hartman from Attor
Personal Pty notificatiSn siVsn tSc
local offices By Mr.. Hartman and tel
egrams were sent to other offices in
the district.
Rotary Memorial Program.
Rotary clubs throughout the United
States will have programs in memory
of the late President Warren G. Hard
ing, Friday, the Rotary club of this
city having already announced the
memorial program. The program will
be given in connection with the lunch.
con Friday noon on the roof of the
st. Anthony, with Frank Lewis, vice
president. presiding.
The program will consist of an ad-
dress BY DIR. Hugh Mcclellan, pastor
of the Central Christian Church. and
cornet solo. The Star Spangled
Banner" The program will close
with bugle playing "taps."
San Antonio light. [volume] (San Antonio, Tex.) 1911-1993, 1923-08-08
BEST CATTLE SELL
STRONG TO HIGHER
AT CHICAGO YARDS
Hogs Drop 10 to IS Cents
When Heavy Supply
Arrives.

Chicago. Aug. 8.-Cattle supply was
about normal today but more hogs
and sheep arrived than expected
Sellers held for better than SO fol-
prime lots of top cattle again today
Receipts were 10000 cattle. 10000
hogs. $4,000 sheep and 1000 calves
Strictly prime steers went TO 81. 2T
and the market for the best cattle
was strong to dime higher. while
other kinds were fully steady. A
fair amount of stuff sold around So
Best cows and heifers also were in
goood demand at steady TO higher
prices, hut palmer grades showed nc
change. Bologna bulls reached s.
on a strong 10 higher market. Calves
were steady Mt the start. but the
trade was weak late in the session
Packers paid So to $3.50 fol
choice vealers.
Hogs were mostly 10 TO II cents
lower on O. comparatively heavy sup.
ply. Small killers paid $50 for
sorted light stock early in the day
but IS took the best lots after the
first rounds. while choice heavy
butchers sold at $3.50 TO S7.65
Packing grades went mostly at s5.6C
to 1925, with best pigs at 81 to
$7.25.
Fat lambs were steady TO strong
Feeder buyers were again in the
trade. paying up 10 $l2.65, while
westerns went to killers at S1260
Natives, at So. were fully steady
Culls were strong, some fair quail.
ity lots going at $3.50. A small
supply of aged muttons again sold
about steady. Choice light ewes were
placed at 81 TO $50.
San Antonio light. [volume] (San Antonio, Tex.) 1911-1993, 1923-08-08
FIRMNESS In BONDS
Small But Significant Advances Arc
Recorded.

Copyright. by The San Antonio Lisht.
New York. Aug. S.-While trading
was on a restricted scale today owing
to the suspension of business for an
hour and half. the bond market dis
played very firm tone. Advances,
small but significant, were recorded.
Aachison general As made new high
fer the year and other high grade is
sues such as Canadian Pacific deben-
ture As, New York Central mortgage
3l2s, Southern Pacific refunding As,
Central Pacific first As and Pennsyl-
vania general 412s showed special
strength.
BuyiE in bonds of this grade is
always regarded as forecasting reason
able stability in the money market.
Northern Pacific prior lien As. the
best of that roads general mortgage
bonds. ran up more than a point. but
reacted later. although still above Tues
days closing.
Among the speculative descriptions
the Erie issues were again the feature,
with very active buying at advancing
prices in the general As as we'll as the
three series of convertible As. All these
bonds yield at the market from s to
81 per cent. Should the Erie con-
tinue TO make progress there would
still be room for improvement in the
price Of these bonds.
The foreign issues were little
changed. The extreme weakness in
francs was not reflected in quotations
for French bonds. On the other hand
there was especial buying in Dutch
East Indies issues, notably the 1047
maturity. United Kingdom 5i2s OF
1897 also went higher.
On the resumption of trading in the
afternoon. the show of firmness con-
tinued. Chicago and Alton 3l2s made
fractional gain. This road has made
remarkable progress since the receiver
ship. The inclination just now seems
to be TO pay more attention to good
earnings as is testified to by the i'm
provement in the Erie issues already
referred TO.
All the United States government is.
sues were firm.
San Antonio light. [volume] (San Antonio, Tex.) 1911-1993, 1923-08-08
HARDING REALIZED
HE WAS ON DEATH
TRIP, SAWYER SAYS
Had Premonition He Would
Never See Washing
ton Again.

Marion. Ohio. Aug. S.--The late
President Harding. when he left Wash
ington for his Alaskan trip. confided
to some of his personal FRIENDS that
he believed he would never live 20
return TO Washington. Brig. Gen. C.
L. Sawyer. his personal physician
told Marion friends of the late chief
executive when they met the funeral
train at Willard yesterday, it was
learned here today.
According to DIR. Sawyer, the Prcsi-
dent was feeling very much worn
out" when he reached st. Louis. but
believed that he would regain hi,
strength during the rest periods be-
tween stops. However, according Ia
DIR. Sawyer. he failed in this and
his attempt and became weaker as the
trip progressed.
When Mr.. Harding delivered his
last public address in Seattle. mem
bers of his party said they thought
he would collapse before he finished it
1t was during this address that he
was troubled with dilation OF the
heart according to Dr. Sawyer.
Members; of the presidential party
at that time tried TO persuade the
President TO abandon his trip. but
Mr.. Harding said he thought he would
recover his strength on the trip from
Seattle TO San Francisco. His vitality
became steadily lower and, when the
party reached San Francisco. the
President was in such state that il
was decided that all further speaking
engagements should be Cancelled.
San Antonio light. [volume] (San Antonio, Tex.) 1911-1993, 1923-08-08
HAS FEAR OF KHAN
Judge Delivers Warning As lie Dis
misses Cases and Jury Panel.

Tombstone. Ariz.. Aug. S.-Dis-
miSSal of three criminal cases and the
entire jury panel. with an admonish-
ment that unless evidence was more
carefully considered. organization of
Ku Klux Khan in COehise county
would result. followed the acquittal
of a man charged with burglary in
Judge Lockwood's superior court here
yesterday.
The dismissal of the three pending
cases were made on motion of the
county attorney. who declared in a
statement to the court and the jury
that if he could not get conviction
ON such evidence as he presented IN
the burglary case it would be need
less expense to the county 10 try the
three remaining cases on the August
calendar. After the eases were dis.
missed. Jndge lockwood discharged
the remaining jurors Of panel OF
as drawn for the August term OF
court
San Antonio light. [volume] (San Antonio, Tex.) 1911-1993, 1923-08-08
EDUCATOR LEADS j.
s. IN MISSISSIPPI
GOVERNOR RACE
Women Vote First Time in
State Election; Clerks
Swamped.

jackson. Miss. Aug. S.-With APP
proximately one-ffth of the vote cast
in yesterdays Democratic primary for
governor and other state offices tabul-
ated early today. Henry l.. Whitfield
OF Columbus, former president of Mis-
sissippi state college for women, is
leading his four opponents for the
gubernatOrial nomination by a wide
margin. but indications are that a
second primary will be held.
Sennett Mike Conner. of Semi
nary, speaker of tina House of Repre-
sentatiyes and former Governor Theo-
dore ID. Bilbo. of poplaryille. who an
nOunced his candidacy late in the
campaign while serving q sentence IN
Jail at Oxford for contempt of federal
court, are running a neck and neck
race for second place.
Lester &. Franklin of Clarksdale.
former state senator, was holdins: OH
10 third place. and Percy Bell If
Greenville. former chaucery judge. is
last.
Returns from $50 scattered pre-
cincts out of l43S for the state. many
OF them incomplete. early today gave
Whitfield. 1S,43S; Conner. 81;
Bilbo. 9I2S; Franklin, 5133; Bell.
2391.
Bilbo. Franklin and Bell were sup
ported by the NarGlman faction of the
party, which went down TO defeat las
year in the victory of Hubert II.
Stephens over Senator Nardaman.
who sought denomination to the upper
House of Congress. Whitfield and
Conner had the support of what is
Known as the authoritarian wing.
Women voted for the first time in
purely state election. aud the addi-
ton Of their ballots literally swamped
the election clerks.
San Antonio light. [volume] (San Antonio, Tex.) 1911-1993, 1923-08-08
SOLD AS GIBRALTAR" is.
PHRASE WITHOUT MEANING IT.
HAS CARRIED IN THE PAST
British Fertilization at Entrance Mediterranean Is
Not lmpregnable In These Days of Big Guns and
Aircraft and So-called Control 1t Gives Is More
OF Less OF Myth.

4 and z per cent on the preferred b.
Jones and l.aughlin declared the regular
quarterly dividend OF Il. per cent on
the preferred standard oil OF Kansas
declared the regular quarterly dividend
of so cents a share. Pressed Steel Car
Company declared the regular quarterly
dividend OF 4 per cent on the preferred.
Homestake Mining Company declared thu
monthly dividend OF cents a share.
Northern Pacific's estimated gross
earnings report for the fourth week o.
July YVES $3.50 1922, an increase OF s7sf.-
3G2 over last year. Gross earnings for
July were estimated at se95i,662. an
Increase of s9i5.95O over July. 1922. Gross
earnings for the seven months ended July
81 were placed al s62,3sS,7i1, an increasc
OF s10,6i9.33i.
San Antonio light. [volume] (San Antonio, Tex.) 1911-1993, 1923-08-08
Use COAL SUBSTITUTES
Believe Anthracite Strike Wound
Have No Effect Before Year.

Boston, Aug. S.-Many dealers and
consumers here expressed doubt as to
whether the plan of the special Goa.
investigation committee TO naugura'e
a permanent boycott against anthra-
cite in event of strike September /.
would show complete results in one
yesr. 80
sssslany people in New England used
y5stitutcs for anthracite last winter
than ever before, many who utilized
oil. coke or soft coal will continue.
Rituminous can be delivered here al
81 a ton wholesale against S14 ton
for anthracite. The committee made n
San Antonio light. [volume] (San Antonio, Tex.) 1911-1993, 1923-08-08
K. e. REPORT HEARD
Membership Shows Increase OF 1919;
for Year.

Montreal. Aug. S.-The membership
of the Knights of Columbus showed a
gross increase of 1875 for the yeai
1929 Supreme Secretary William
J. Mckinley of New York stated in
his report to the forty-first supreme
convention Of the knights which for.
mally opened here Tuesday.
Total insurance of S247 .S00.353 was
in force by the X. of &. on its mem
bership of June 30, 1923. the report
showed, the increase for the year being
nearly S5,500,000. There were 554-
deaths in the order during the year
The total assets of the order hav,
reached the unprecedented figure OF
ST. 133.91494, exclusive of all special
funds. Death benefits totaling $1,516,
S29.05 were paid during the year.
San Antonio light. [volume] (San Antonio, Tex.) 1911-1993, 1923-08-08
Financial News Notes

Copyright by The San Antonio Light
New York. Aug. s.-The Steel and Tube
COMPANY OF America has called for re-
demption the l6S.i2i shares OF the pre-
ferrcd stock on or before August - at
III and accrued dividend 10 August :.
Sales FOR {. ". Kress Company IN July
were S2.552. sos. an increase OF $500. ESQ or
.l3.S per cent Sales during the seven
months operation OF the year amounted
to S15.35O.s9e. an increase OF S2.066,o06
over the same period last year.
worthington Pump and Machinery
Company declared the regular quarterly
dividends Of l q per cent on the preferred
San Antonio light. [volume] (San Antonio, Tex.) 1911-1993, 1923-08-08
BOSTON WOOL.

Copyright. by The san Antonio Light.
Boston. Aug. s.-Prices in the wool
market today were unchanged. Fine
woods continued to be in the best de-
favor the buyer. The bulk OF the west
ern wool was being held or consigned
Much VIII depend, wool men say, on
the response TO. the offerings to the
mems wear. SO far as women's goods
are concerned. orders have been fairly
suhstantiaf since the new lines were
opened. Receipts here for the last "a
hours wre 3s5S bags Of domestic wool,
San Antonio light. [volume] (San Antonio, Tex.) 1911-1993, 1923-08-08
TRADE HOLDING Up
Prices for Finished Products AR
More Attractive.

Pittsburg. Aug. S.-Despite the
handicap Of excessive heat IN this dis
trict industrial production is being
we'll maintained. General retail trade
is holding up. The blowing out of one
small blast furnace marked the only
change in operating schedules this
week. Specifications against old steel
orders are running heavy. New buying
is light. but n slight increase this week
shows that the trade is headed in the
right direction. 80
Improvement. in the tone of the pig
and scrap iron markets is making
prices for finished products more at
tractive th8n two weeks ago.
San Antonio light. [volume] (San Antonio, Tex.) 1911-1993, 1923-08-08
labor More Plentiful.

st. Paul, Aug. Snow that the
harvest is well under way in the
Northwest it has become apparent
that the labor shortage is less thar
was anticipated. Reduced rates are
stimulating a movement OF labor "a
this section. Twin Cities bank earn
ings have fallen off sharply recently
as borrowing has decreased.
San Antonio light. [volume] (San Antonio, Tex.) 1911-1993, 1923-08-08
Reduced Rates Offered.

Atlanta, Ga. Aug. S.--The Atlant,
chamber of commerce has secured re.
duced rates for Cuban merchants in
an effort to induce the latter to do
their fall buying here, The round trip
will cost $50 and tickets will be put
on sale August 90. Several hundred
Havana buyers come here each fai'
and Atlanta firms are doing an ex
panding business in Cuba.
San Antonio light. [volume] (San Antonio, Tex.) 1911-1993, 1923-08-08
19-yem-old Girl
Confesses Robbery
of Ouer 100 Homes

New York. Aug. S.-Ethel Chal-
opwitz, 10 years old, today con
fessed, according 10 the police. that
she had acted in concert with two
men in robbing over 100 Brooklyn
homes within the past two years.
She was held in $500 bail but the
men she claims were her partners
in crime were released.
San Antonio light. [volume] (San Antonio, Tex.) 1911-1993, 1923-08-08
Commodity NeOs Notes
livestock.

Livestock. = - =.
Fort Worth, Aug. THE large
number of livestock shipments re-
ceived here this week indicates that
cattle men are cillling their pastures
earlier than usual. Proportionately
lighter runs are expected in the
late fall.
San Antonio light. [volume] (San Antonio, Tex.) 1911-1993, 1923-08-08
PARI sBOURsE

Paris. Aug. s.-Prices wera firm on the
bourse today. .-,-. .
Three per cent rentes. 81 francs. 10
confines. --f#s
Exchange on London. 20 francs. Z:
centimes.
Five per cent loans. IS francs. so cen
The dollar was quoted at II francs,
isiz confines -.-----
San Antonio light. [volume] (San Antonio, Tex.) 1911-1993, 1923-08-08
CHICAGO PRODUCE.

Chicago, Aug. s.--5utter: Unchanged.
Eggs: Lower. receipts. 1851 cases;
firsts. 81 Ia csc; ordinary firsts. 80 a % Il C:
storage pack extras, s7isc; storage pack
firsts. e6c.
Poultry: Alive. higher; fowls. $50
22lsc: broilers. s6ci springs, esc; rooSt-
ers, lie.
San Antonio light. [volume] (San Antonio, Tex.) 1911-1993, 1923-08-08

plain that it took no side between
miners and operators.
San Antonio light. [volume] (San Antonio, Tex.) 1911-1993, 1923-08-08
Puts & Calls M. No

losses limited. Profits unlimited Sc
sle5 controls zoe SHARES any ts,e1
-, a. fate profit s.aa-s PTS. ssif,
&c. Explanatory Bookict--Nsrket L1.-
ter on request Dept. A-ss
X. PARKER co. 50 Broad 81. New fcrk
San Antonio light. [volume] (San Antonio, Tex.) 1911-1993, 1923-08-08
Hops.

Seattle. Aug. 7.-Washington and
Oregon hop growers will receive IL
cents n pound this year, according
to indications today. The market is
firming up steadily.
San Antonio light. [volume] (San Antonio, Tex.) 1911-1993, 1923-08-08
Automobiles.

Detroit, Aug. Am interesting
light on automobile sales is shown
by July sales of the Paige-Detroit
company. Foremen, mechanics. ma
chinists and miners took 1875 per
cent. Merchants and building trades
groups took per cent each. Women
purchased rs per cent, manufacture
ers 81 and farmers "a. The bank
ing group took only 1.6 per cent.
San Antonio light. [volume] (San Antonio, Tex.) 1911-1993, 1923-08-08
Flour.

Denver, Aug. THE expected
drop in the price of flour has not
been materalized here abouts. Millers
today predicted a possible increase
due TO unfavorable growing conditions
and rust damage TO wheat.
San Antonio light. [volume] (San Antonio, Tex.) 1911-1993, 1923-08-08
Stone,

Jefferson City. Mo-, Aug. 7.-The
Missouri highway commission will
open bids here September 5 for suf-
ficient crushed rock and gravel to
meet the road building program for
five years. 1t is estimated that
100000 tons of crushed stone will
be needed.
San Antonio light. [volume] (San Antonio, Tex.) 1911-1993, 1923-08-08
NEW YORK SILVER.

New York. Aug. s.-Bar silver, Sass:
Mexican dollars, 47Ac.
San Antonio light. [volume] (San Antonio, Tex.) 1911-1993, 1923-08-08
Rice.

MarysvilIe. CAL, Aug. THE
highest price for 1922 rice was
reached here when 5000 bags were
purchased at $2.6j each. Last years
crop is almost entirely cleaned up
and this year yield is in poor condi-
ton because of low temperatures.
San Antonio light. [volume] (San Antonio, Tex.) 1911-1993, 1923-08-08
Packing House Products.

Chicago. Aug. 7.-Wholesale quota
ton on smoked hams are about 20
per cent lower than a year ago. The
demand has been heavy, but the sup
ply is ample.
San Antonio light. [volume] (San Antonio, Tex.) 1911-1993, 1923-08-08
Clothing.

New Orleans. Aug. 7.-Manufactur-
ers of summer clothing are winding
up their hest season. All are still
working their plants TO capacity to-
day to fill orders The average in
crease in sales over last, year is about
San Antonio light. [volume] (San Antonio, Tex.) 1911-1993, 1923-08-08
Coal.

CODnellsville. Pa. Aug. Fur
mace coke has sold as low as So with
i'll the last few days. Suspension of
contracts on a moderate scale figures
in the market. Curtailment of pro-
duction is evident. although not pro-
nounced. Contract furnace is quoted
today at $3.50 to S4.75.
San Antonio light. [volume] (San Antonio, Tex.) 1911-1993, 1923-08-08
Lumber.

st. Louis. Aug. 1.-THE reduction
in the rate on hardwood lumber and
forest products of . to cents a
hundred pounds from Missouri and
Arkansas points to New Orleans for
export, by the Missouri Pacific and
Frisco railroads will become effective
August -.