davidaulloa/AmericanStories huggingface dataset:
San Antonio light. [volume] (San Antonio, Tex.) 1911-1993, 1923-02-02
INDUSTRIAL STOCKS
ARE CHIEF INTEREST
ON A STRONG MARKET
Recovery Is Due Partly to
Improvement of For
eign Exchanges.
By STUART P. WEST.

Copyright, 1923. by The San Antonio Light.
New York, Feb. 2.-The recovery to-
day on the stock exchange was set down
in part to the improvement in the for
eign exchanges and in part to more re-
assuring reports concerning Turkish af-
fairs.
Interest centered upon the industrial
section. The rails while firm were not
particularly active. Pool activities were
resumed in numerous instances. but the
main buying appeared to come from
spectators who had taken the short
side on the idea that the European
crisis would bring about liquidation and
saw that they were wrong.
One of the features today was the
rebound in stocks which for long while
have been perSistently under pressure,
among them the mercantile marines,
American International and General
Asphalt. The shorts in Baldwin Loco
motive were also driven in. On con-
tinued talk of increased dividends, Gen.
eral Electric got to 100.
Following the absorption Thursday of
large block Of Moon Motors around 10
and the subsequent statement that the
company was doing the largest BUSH
ness in its history the market went we'll
above 20.
The increase in the price of Mid-con-
tinental Oil drew fresh buying into the
oil shares, especially Phillips PETROL
cum, Cosden and Msrland.
Sugar stocks were in demand follow
ing an advance in refined sugar prices
which fitted in with Wall streets idea
that the sugar market is headed up
ward. May Department Stores and As
ISOLATED Dry Goods for reasons which
have often been pointed out were con-
spicuously strong. Columbia Cars was
the leader of the public utilities.
San Antonio light. [volume] (San Antonio, Tex.) 1911-1993, 1923-02-02
LEGAL BATTLE
IMPENOS OVER
TOWN ESTATE
New Hampshire to Claim
Him as Her Resident and
Wants $400, 900.
LAWYERS ARE COMING
Inheritance Tax Of New
Hampshire Would Almost
Cut Estate in Half.

A legal battle impends over the set
Element of the estate of the late Col.
Francis L. Town. Representatives of
the state of New Hampshire are en-
route to San Antonio to institute pro-
ceedings TO show that Colonel Town was
resident of New Hampshire and not
Of Texas and that as result Of this
the state of New Hampshire is en-
titled TO 100000 in inheritance taxes.
Legal representatives Of Dartmouth
College, given a quarter of million
by the will, are also en- route to San
Antonio in the interests of their clients.
Colonel Town died in San Antonio,
December 81. at his home on Grayson
street. His will was filed on January
.. In addition to the amount set aside
for Dartmouth many local institutions
were given gifts under the terms of the
will.
According to the law in Texas. gifts
to educational. charitable or religious
institutions are exempted from inheri-
lance taxes. Estates passed down TO
lineal descendants are subjected to a
small graduated inheritance tax which
is . per cent for the first $4,000 and
increasing as the amount is larger.
Under the laws of the state of New
Hampshire, practically all of the gifts
would be subjected to high inheri-
lance tax. In all the estate is be-
lieved to exceed a million dollars.
Will Have Opposition.
Just what legal action will be taken
by the state authorities when they ar
rive to follow out their announced plan
of establishing that Colonel Town was
resident of New Hampshire is not
known. 1t is understood that strong
opposition will arise TO combat any at
tempt to take the administration OF
the will out from under the laws of
Texas.
Colonel Town had lived in San An
tonic for % years, spending practically
all of his time here, and on what
grounds the state Of New Hampshire
expects to show that he was a resi-
dent of that state is mystery TO
friends of the late Colonel Town.
Helped Local Institutions.
Colonel Town was retired officer Of
the army. He was born in Lancaster.
n. n. He served in the medimal
corps. ...
In addition to the gift of S25o.0OO
TO Dartmouth College, others remem-
bered in the will was the Salvation
Army home on River avenue. the Y. w.
G. A.. st. Paul's Episcopal Church. the
Con Aptnnin Tarnnpin ihrarv and tho
city Of Lancaster TO which Colonel
Town granted real estate. His oil
paintings were given TO the schools
Of Lancaster. Many friends of his were
also remembered.
The Lockwood National Bank Of San
Antonio and the Lancaster National
Bank of Lancaster, n. H. were appoint
ed as executors.
San Antonio light. [volume] (San Antonio, Tex.) 1911-1993, 1923-02-02
DIOCESE IN SESSION
Name New Committees TO Watch Work
Of Episcopal Church Of West Texas.

Outstanding matters discussed at the
the Episcopal Church. held ut the st.
Marks Church Thursday morning. were
the financial conditions and the ad-
vancement of the church. Various COM
mittees made reports and new COM
mittees were appointed under the fol-
lowing heads: Diocese. state of the
church, social service. endowment fund.
finance. executive and religious ser
vice. Walter Sprigall was appointed
treasurer Of the diocese for the next
year.
Officers were elected at the annual
meeting Of the women's auxiliary of
the West Texas diocese, held at the
st. Marks parish house. with the fol-
lowing results: Mrs. Joseph Muir,
president; and Mrs. George Kirwan
was elected president of the church Ser
vice League.
Addresses b. DIR. r. De0vies Of Gal
weston and Bishop W. r. Stevens were
delivered to the young people Of the
West Texas diocese. at the ST. Marks
Church Thursday night. The Daughters
Of the King. woman's organization of
the Episcopal Church, were entertained
with Mexican super at the Original
Mexican Restaurant at 6 o'clock, Thurs
day.
The clergy and their wives were en-
tertained Thursday night by Mr.. and
Mrs. George +. Wilson with a dinner
given at the Alamo Country Club,
The executive hoard of the West
Texas diocese met in the parish house
Friday morning with Bishop w. T.
Capers as chairman.
San Antonio light. [volume] (San Antonio, Tex.) 1911-1993, 1923-02-02
Fewer Are Employed.

New Orleans, La, Feb. 2.-There has
been slight falling off this week in
the number of workers employed here,
but this is expected to be merely tenn
porary. The majority of those out Of
work are holding out for higher pay.
Common labor is ranging in some ines
from S1.J0 TO 81 day. and many are
unwilling to work for those wages. Men
in the building trades are well employed.
There has been a decided increase in
employers liability insurance.
San Antonio light. [volume] (San Antonio, Tex.) 1911-1993, 1923-02-02
OIL OUTPUT INCREASES
United States Petroleum Imports Fall
Off During Week.

New York, Feb. 2.-The daily gross
crude oil production of the United
States increased 1S,400 barrels for the
week ending January %, totaling J.
10000 barrels, as compared with l.
10000 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 100000
barrels. as compared with 1.2O6,9OO bar
rels. decrease of 1900 barrels, Calf
ornia production was $4,000 barrels, as
compared with 100000 barrels, an in
crease Of 10000 barrels.
Oklahoma Kansas shows daily ave-
age gross production of 4SI,1oO barrels,
decrease of $500 barrels; North Texas
shows a decrease of $500 barrels; Cen
trail Texas a decrease of 1000 barrels /;
North Louisiana an increase OF lOOu
barrels; and Arkansas decrease OF
$3.50 barrels. In Oklahoma production
of the Usage Nations is shown AS FL
600 barrels against 124,550 barrels ;
Tonkawa 39,550 barrels against 32,450
barrels: Lyons-Quinn was unchanged
with lU,JOU Darrels anu lHe outpuS V
the Bristow pool was $3.50 barrels
against 1880 barrels. The Mexia pool,
Central Texas. is reported at 55,SOO
barrels. against 57,100 barrels: Haynes
vile. North Louisiana $1,000 barrels
against 1850, FL Dorado, Ark. $4,000
barrels against 10000 barrels, and
Smackover. Ark. $3.50 barrels against
9G. 700 barrels. In the Gulf Coast Field,
Hull is reported at $4,000 barrels
against $4,000 barrels and West Colum.
bia 23,700 barrels against $4,000 bar
rels.
Pennsylvania crude oil advanced 10
cents a barrel, and is now being quoted
at 1855 n barrel. Mid-continent also
advanced. now being quoted at Stu
to $3.50. according TO the gravity OF
the oil. Gulf coast remains unchanged
at S125 a barrel.
According to figures collected by the
American Petroleum Institute. the i'm.
ports of petroleum (crude and refined
oils) at the principal United States
ports for the week ended January "a.
totalled 1.T33.0S1 barrels, daily ave
rage of 253. 297 barrels. compared with
1.99S.157 barrels, daily average OF
2s4,T37 barrels, for the week ended jan
uary 90
San Antonio light. [volume] (San Antonio, Tex.) 1911-1993, 1923-02-02
CHARTERS GRaSTED.

Austin, Tex, FEB. l.-Chartered.
Panhandle Motor Company. Amarillo;
capital stock. $4,000. incorporates: II.
r. Jack. J. NJ Riggs a. y. Dozier.
orlpans Street Association. Beaumont
no capital stock. incorporates: Il. NJ
Purpose. promoting interest OF trade
Texas Grain Sorgum Growers AEsocia-
ton. Amarillo: no capital stock. lncor-
rorators: W. L. Meek, J. r. Howard, f,
Babb-HowSrd Dry. Goods Company. AbI-
lene; capital stock. 10000. lncorpora'
tors; II. l.. Howard. ". p. Babb, B. F.
Beaumont sash and Door Company.
Beaumont: capital stock. $50, 900. Incor-
porNtors: J. H. Reese, L. W. King, J. l.,
Barch Investment Company, Brecken-
ridge; carltsl stock. 10000 Incornora-
tors: f. S. Burch. s. B. Durham, 7. B.
RidEwcll.
ConEoIeum Company. Inc increasing
capital stock from 4s.2oo.ooo to $1,000
WI aoush,on- Mitfin Company. Boston
Mass. increasing capital stock from ST.
400. 600 to $3.50. 900.
Atlas Lumber Company Waco. increas-
InE. capital stock from 100000 to $4,000
East Texas Investment Company
Orange. decreasing capital stock from
400 900 to $4,000.
Allen Laundry Company. Tyler. chang.
ing name TO A. A. Laundry Company and
increasing capital stock from $4,000 tc
ss2.Be
Stra us Bodenhelner Saddlery Company
Houston. changing name TO strsus- Boden'
hcimer Company.
Terminal Warehouse and ForwardinE
Company, Houston, Cmnging name 10
Binyon Shipside Warehouse Company.
Quality Creamery Company. Houston
changing name to B. 4 c. Dairy Products
Company.
Permit to do business In Texas was
granted Rocky Rider oil Company Clsve-
land Ohio. capital stock $4,000. TcNas
eadauarters At Wichita Falls. Q. l.
Apple state agent
San Antonio light. [volume] (San Antonio, Tex.) 1911-1993, 1923-02-02
HOG SUPPLY INCREASES
AND VALUES GO LOWER;
CATTLE PRICES STEADY
Despite rs Cent Drop, Hog
Prices Are Higher Than
Last Week.
By I. c. GRUNDELAND.


Copyright 1929. by The San Antonio Light.
Chicago, Feb. "A heavy supply of
hogs arrived after the first few days
this week. and while the top lots went
at $500 at the best time. values were
cut again. About 1880 stale hogs
were left over today from yesterday.
Killing steers closed lower for the week.
but there was good demand for feed
ing cattle and here the trade held well.
Feeding lambs also found a good outlet
during the week. going at $3.50 at the
best time. A week ago today top hogs
sold at $3.50.
Receipts were 1000 cattle 10000
hogs, 5000 sheep. 1000 calves.
Demand was fairly active for all
kinds of steers. Some sellers were will
ing to call prices strong for the few
good steers, sale at $3.50 TO 5000
would hardly have made the prices yes
terday. The general run of stuff went
at unchanged levels. Sows were fully
steady. Stock selling at $3.50 and be.
low shows little change for the week,
but better grades closed a little off.
Bologna bulls were placed at SASS and
down on a steady market. while ship
pers paid up to $3.50 for prime calves.
Few good vealers were on sale.
Sellers held the market well during
the first part of the week, but larger
runs of hogs broke prices again later
in the period. While values were gen.
orally IL to 2Jc lower today yet the
market showed small gain compared
with a week ago. Light hogs sold at
$3.50 TO $40 for choice lots with some
sales at SS45. The general run of
good butchers went at $3.50 to SS.0J.
Most Of the dealS were off IN IN ono
at the close.
Fat lambs were steady to dime
higher. Shippers paid S15.25 for prime
animals with most of the good lots to
packers at S14.25 TO S1475. Choice
light ewes made IS. About G000 were
received by big killers, leaving only
IODn sale
San Antonio light. [volume] (San Antonio, Tex.) 1911-1993, 1923-02-02
FINANCIAL REVIEW.

A further sharp recovery in French
and Belgian government bonds, turn
for the better in French exchange and
another advance in sterling carrying
rates Up within two cents In the pound
Of the high record Of December, were
the principal incidents in the financial
markets today.
They showed that speculation for the
decline had been pushed too far during
the operations during the early week,
both in the markets for foreign bonds
and in the exchanges.
French francs above 62l were up
considerably from their low Of 5.72 only
few days ago. But by comparison
with the December high Of 7.60 their
recovery was small. 1t denoted scarce
ly anything more than the covering, in
part, of a short account which had be-
come unduly extended.
Advices concerning the Anglo-Turkish
situation were more favorable, and
these, quite as much as the improvement
in foreign government securities and ex-
change rates were a factor in the Sc
curities market. Before the opening of
business Wall street had received re-
ports Of a general buying movement on
the London stock exchange and prices
here responded with an immediate rise.
From all appearances much of the buy
ing represented the retreat of a short
interest which had taken its stand on
the theory that the European disturb
nnceS must sooner or later bring about
real selling of stocks which was pre-
pared to acknowledge its mistake. There
was a fairly general resumption of spe-
cial buying operations in individual
stocks which were the daily feature be-
fore the markets felt the restraining in
fluence Of developments across the
Rhine.
1t has seemed rather curious that
sterling exchange should have kept on
with its advance in view OF the APP
parently poor chances of Congress in
the limited time remaining, adopting
the debt funding plan. This showed
that the upward movement in the pound
has not been dependent upon this fund
ing operation, but that it has been due
TO a series of essential causes of which
the provision for the war obligations to
this country has been but one.
San Antonio light. [volume] (San Antonio, Tex.) 1911-1993, 1923-02-02
Oils Higher.

continent crude oils following the pre-.
vious advance in Pennsylvania and other
eastern grades was accompanied today
bv a still better market for most Of the
domestic oil stocks The Street has in
mind not only these higher prices for
eastern and mid-continent oils, but also
the government statistics which are very
significant of the outlook for the Oh
trade. They show that in December
the consumption in the United States
exceeded production and imports oy
439. 900 barrels. This Is an unusual
condition.
San Antonio light. [volume] (San Antonio, Tex.) 1911-1993, 1923-02-02
NIXON TO BALTIMORE
Former Mer Rouge Mayor Leaves
Monroe for University.

Monroe. La, Feb. 2.-Dr. b. NJ. Me.
Koin. former mayor of Mer Rouge and
one of the leading figures in the More
house parish kidnapping case, left today
for Baltimore on receipt of permission
from Attorney General A. V. Coco, and
will resume his post graduate work at
Johns Hopkins University.
DIR. McKoins studies at the university
were interrupted the last of December
when he was arrested at the request
of Governor Parker of Louisiana in
connection with the kidnapping and slsy-
ing of Watt Daniel and 7. F. Richard
Of Mer Rouge. $500,
DR.. McKoin is at liberty under $4,000
bail
San Antonio light. [volume] (San Antonio, Tex.) 1911-1993, 1923-02-02
FINANCIAL NEWS NOTES

Copyright, 1898, by The San Antonio Light
New York. Feb. 2.-Sugar refinerlsSs
generally today advanced prices iO
points. in some instances 10 O.tO ana IN
others to ESQ.
In December. 3,544. 62S.S20 small
cigarettes were domeStiCally produced
compared with 1899 .934.ST3 in Deem
Der, 1921. Cigar production tots aeS
J61 O41 $50 compared with 46S,b2S,e SUE
Extra dividend today: United States
Steel preferred: Illinois Central COM
mon and preferred: New Cornelia Top
per; PENNSYLVANIA Coal and Coke.
Butler Brothers and Deere \ Com
many today declared the regular qaar-
teay dividends, the latter on preferred
Raw sugar: March. 3.e6c; MAY,
sic: july, 3.S4c.
Refined sugar: March. 7.00c; Mag,
T1Oc: July, T.l5c,
New York bank clearinss, si.iso,-
New York bank balance. 100000.
OOG.
New York Federal Reserve Bank
credits, S6S,0OO.OOO.
Boston bank clearings, $1,000 900.
San Antonio light. [volume] (San Antonio, Tex.) 1911-1993, 1923-02-02
MERGER NEWS HEARD
Armour Officials Non-eommittal Con.
corning Reports.

Chicago. Feb. Armour and Com
pany officials today refused to take
cognizance Of reports that the long
drawn out negotiations for the acquisi-
ton of Morris and Company, had been
completed.
None Of the executives Of the COM
pany would discuss the report. although
it was indicated that no official an
nouncement was Anticipated soon nor
did they know when any statement Of
ficially confirming the reports would
be available, if ever.
San Antonio light. [volume] (San Antonio, Tex.) 1911-1993, 1923-02-02
LUMBER CAMPS ACTIVE.
brthwest Reports laundering s Per
Cent Above Normal.

Seattle, Feb. 2.-January is usually
dull month in the northwestern lum-
I camps, but FOR the last week in
|nuary the barometer mills of the Pa.
|ic coast operated at S per cent above
rmal capacity. accepted new business
Mounting TO % per cent more than
oduction and sold 20 per cent more
kn was manufactured.
An tidewater flour mills are keeping
bduetion up to IS per cent of capacity
lille inland mills are running about
per cent.
San Antonio light. [volume] (San Antonio, Tex.) 1911-1993, 1923-02-02
FIREWORKS AT NIGHT
Chemical Warfare Service Will Burn
White Phosphorus on Salado.

A series Of night pyrotechnic dis
plays in which the use of white phos-
phorus is employed will be conducted by
the Chemical Warfare Service OF Fort
Sam Houston in the near future. The
time and place for these demonstrations
will be set by Brig Gen. Dennis E. No
Ian, commander of Fort Sam Houston.
who will designate some spot east of the
SalndO creek.
Provisions for prevention Of fire and
injury have been issued. Each organiza-
ton will detail % men equipped with
wet sacks to prevent any fire from
spreading.
San Antonio light. [volume] (San Antonio, Tex.) 1911-1993, 1923-02-02
Clothing.


mems clothing for spring are very brisk
and manufacturers are well employed.
Suits have advanced from 10 to 90 per
cent in price. 1'nis is attributed to the
fact that wages are 10 per cent higher
than year ago and fabrics also have
advanced. Skilled garment workers are
scarce.
San Antonio light. [volume] (San Antonio, Tex.) 1911-1993, 1923-02-02
BUSINESS Is GOOD.
ade in Southwest Generally Up to
Expectations.

kansas City. Feb. 2.--Business gen.
IlIy in the Southwest is living up to
|oectations based on the volume of
| de in the latter part Of 1922. al
hugh there have been seasonal de-
hes in some lines. Coal prices have
lien off about 81 ton as a result
the unusually warm weather.
Thirty thousand invitations have been
I out in this trade territory TO Kan
Cify's spring market week from
bruary IL 10 II and railroads have
nted reduced fares. g
San Antonio light. [volume] (San Antonio, Tex.) 1911-1993, 1923-02-02
Can't Mnre Materials.

cleveland. Ohio, Feb. 2.-lndustriHl
ration in many northern Ohio plants
being retarded because of the in
llitv Of the railroads to move the
~ tonnage Of freight thrust upon
I'M. The carriers are now moving n
prl volume of business. but require
hts suraass their present capacity.
San Antonio light. [volume] (San Antonio, Tex.) 1911-1993, 1923-02-02
MARRIAGE LICENSES.

Adolph Marbsch. F'ratt Station, and
Clara wcnzel.
PedR y. Romero and Mrs. Elois Cara.
panelyr r. MeChaE, Camp Normoyle,
and Elizabeth WILLIAMSON
Manuel J. Eapsta and Estela Aldaca.
Il. NJ. Gresnslade and Mrs. Lota Mae
Crawley.
wiaimer MsIenesk, Camp Normoyie. and
Pauline Boblo.
Ernest W. Ralnwatsr and Mary Ellen
ScallOn.
Earl c. Hutchinson and Mrs. Bessie
Whitman.
San Antonio light. [volume] (San Antonio, Tex.) 1911-1993, 1923-02-02
Record in Building.

Uniontown, Pa, Feb. 2.-Indications
point to a record building movement
this spring. Local architects and con-
tractors report special activity in dwell
ings. The H. C. Frick Coke Company
is continuing its building program and
will spend S1,5O0,0O0 this year.
San Antonio light. [volume] (San Antonio, Tex.) 1911-1993, 1923-02-02
WALL STREET FEATURES
Copyright. 1913. by The san Antonio Lisht.
Sugar Stocks Strong.

Sugar Stocks Strong.
The sugar stocks were leaders in the
market from the outset today. Their
advance was in response to higher
prices for. both raw and refined sugars
and also to the announcement of the
largest sale of Cuban raws to Europe 20
far this year. Cuba Cane preferred led
the rise in the sugar group. 1t Is ex-
pected that at least S14 share will BE-
earned in 1923. Cuban American Sugar
common stock surpassed its high for the
season and the other sugar securities
shared the advance.
San Antonio light. [volume] (San Antonio, Tex.) 1911-1993, 1923-02-02
DECIDE RIFLE CONTEST
Headquarters Company Of the Ninth
Infantry Is Winner.

HEADQUARTERS company Of the Ninth
Infantry won the reeimental rifle shoot
held under the auspices Of the National
Rifle Association. Twenty-twO-caliber
rifles were used. the final shoot being
held Thursday night. The headquar-
tiers company highest is 1865 out of a
possible 2OO0. The scores of each COM
pany were sent to Washington. where
they will be compared with the scores
Of hundreds Of other army and civilian
rifle teams competing for national hon
ors. The Ninth Infantry was the only
regiment at Fort Sam Houston that
entered the contests.
The headnuarters company will be
presented with n cup signifying that
the organization is the regimental rifle
champion. and each member OF the
company team will be presented with a
bronze medal.
Sergeant Sable made the highest in
6ividual score in the regiment. making
377 ont Of possible 400. Sergeant
Perkins Of the headnnarters company
was second. making 81 out of posi-
bic 400
The first eight men making an in
dividual score Of more than $50 out
Of n possible 400 will be presented With
bronze medal by the National Rifle
Association.
The finnl scores Of the different com
panics of the Ninth Infantry are: Head
a ~ m y,
San Antonio light. [volume] (San Antonio, Tex.) 1911-1993, 1923-02-02
Clifton.
Atlanta. Feb. 1.-The

Atlanta. Feb. 1.-The Cooperative
Cotton Growers Asso ;ation announced
that they expected to market 100000
bales of the new 1923 crop next fall and
that their success in handling the 1922
crop will put them in a strong strategic
position next autumn,
San Antonio light. [volume] (San Antonio, Tex.) 1911-1993, 1923-02-02
Irnn and Steel.

Minneapolis, Feb. 2.-Ihe state OF
Minnesota has just received an addi-
tional 100000 in royalties from state.
owned iron mines bringing the total
revenue from this source in the last
year to S1,J00,000.
San Antonio light. [volume] (San Antonio, Tex.) 1911-1993, 1923-02-02

Chicago, Feb. 1.-The Illinois Central
railroad has placed orders for 1000 cars
and $4,000 tons Of rails. Sheet mills Of
this district are operating above 90 per
cent. Ad advance of 81 ton in fin
shed steel is expected.
San Antonio light. [volume] (San Antonio, Tex.) 1911-1993, 1923-02-02

There is moderate fuel shortage and
steels plants have been unable to speed
up much because Of this fact.
San Antonio light. [volume] (San Antonio, Tex.) 1911-1993, 1923-02-02
Livestock.
Enrt Worth. Feb. 2.-The

Fort Worth. Feb. 2.-The number of
cattle on feed in Texas this winter is
smaller than a year ago, according 10
agricultural officials and steer sales are
active in Culberson and Tom Green
counties with contract prices good.
San Antonio light. [volume] (San Antonio, Tex.) 1911-1993, 1923-02-02

San Francisco, Feb. 2.-Automobile
dealers here report that sales we're bet
ter than they have been in any previous
January in three years.