The Daily Tribune (Bay City, Tex.), Vol. 18, No. 181, Ed. 1 Tuesday, August 28, 1923 Page: 1 of 4
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D. P. Moore Dry Goods Co.
Hl *1 MMI H I. (IO Its |X IIHIlhlX | Ill's IT GREATLY KUH I Hl Flit E a
.....J”!
...........
BAY CITY, TEXAS, Tl END AY, AUWI ST 2*». 1998.
Small Accounts
I
customers
hesitate
to
uc-
opeu
because they deem a small
counts,
The success of this bank, and the
growth of
customers’
its
accounts,
we believe to be largely based upon
the care and attention we have given
to small accounts started here.
u
then
t Al’ITAL AXD Si RI'Ll S, FVuJMkUtO
English contract
1
I
IX
• •••••••••••••••
the sulphur Industry
I
I
The First State Bank
You May Not Believe This
Hornet hint new In ginghams and la many pretty
Bay City Bank&
Trufft Company
GUARANTY FUND BANK
BAY CITY, TEXAS
III 11.TH A
M ARRET
market until the market is ready for It
hold at less than 39c
i
: •
VtH.l A1E XVIII XIMHER IM.
spirit of even neighborly inti rests and properly belongs to the class of our
citizens called "three-ball men."
Are you u three-ball banker <
zen v ........
OWN
farmer is not prosperous
account may not be acceptable to the
bank
This Institution can be made a
real factor in today’s thrift.
Try it.
Frequently prospective
commercial
using
a co-ordinates, the curve
some rather violent
that time on, how-
•••••••••••••••••
• A\ I YOUR EY1 •
• Seo I Hi. ■. EKTI. •
• optemeirlsl and Optician •
• Boney Building •
• Here The Last Two Weeks of •
• Each Month •
••••••••••••••••a
MIT OVER I’ER BALE OX SAME,
tlial you will not b« shnken mil by any
in the season. Then* Is ample
Facing
Facts
‘ ‘ T or merchant or are you a constructive cltl
with the interests of the toilers ill your cotton fields, us well as your
INTEKEST at heart? No community can be prosperous if the
There never was a time so ripe for general ami
successful co-op* ration as at present in keeping this famine crop oft the
market until the market is ready for It Don't sell a bale you can possibly
NUF SED.
1'
IS THE SULPHUR
MARKET STABLE
COMFETITIOX IX THE
IM) |> KO III < T I O >
GREATER TH AX FROBABLE RE-
QI Illi HEXTS IXDII ATE
FIRNATIVE AXSWEK.
an abso- •
s>mmo<ltty. •
original •
It is a fact that future financial
independence has its source in to-
day's thrift.
HIT SEEIMJ Is HHIIAIXO IM) THIS |s UH AT Wt W AXT A ill Til DO.
A. a Enrernnner to Our Xew Merchandise for tall. We Hare Jn«t Received and Have
on Display This Weekt
I KU’K JI 1.1A In vathms colors.
RATINE <>A I R-I’I. I III ).IXI.II IM
patterns.
XOAELTA WOOL TWEMH. for salts and shirt*.
< AXTOX I KLI’E In prevailing color., for tall and Winter.
F. M. L. Hl ARAYTEED EAER-EAMT SI ITIXG.
XORMAXDA > ABRII AOILIs In dark color., suitable and popular for tall.
Sll h SWI ATI Its In man, pretty colors.
XEAA I RETOXXE for ynnr Fall and Winter draperies.
I.IXHKKIF MH I KI IL of ever, description.
•••••••••••••••••
BA ALBERT G. WOLF.
Texas Half sulphur < ••„ Gulf. Texas.
If the history of the world’s Mil-1
I phur Industry were plotted prior to!
I the advent of the Frnsch process In
I Louisiana. using time and relative!
1 prosperity
would show some rather
I swings From that time on,
ever, we should have to consider the:
American and Italian Industrie, sop-.
It is .veil to face facts squarely.
It is .i fact that your financial fu-
ture and independence depend
upon handling of financial prob-
lems today.
to 1839 all the
sulphuric acid of Europe, except
Nordhausen acid, was made from
brimstone In 1S3S the Neapolitan
government granted a monopoly on
tile exportation of sulphur to Talx 41
Co. of Marseilles, ami that firm
raised the price from *25 to *79 a ton.
The following year pyrites was used
commercially for the first time In
tlie manufacture of sulphuric add in
England This substitution was also
made in nil the continental plants.]
resulting in a permanent setback to
Sicilian sulphur
To quote from a statement by Mr I
I'rasdi regarding the condition ot
tlie Italian sulphur industry during
tlie period preceding the introduction
of Ids process in America Tlie up
and downs of tlie Sicilian sulphur
business are extraordinary The peo-
ple. a large percentage of whom are
employed In the mines, are very
poor and used to be In the hands of
dealers and usurers, who manipulat
ed tlie sulphur market to suit them-
selves, ami extremely high prices ami
extremely low prices followed each
other as suited their conveniences”
Another sulphur crisis occurred in
Sicily in 1894-95. after which tile na-
tive sulphur sold below the cost of
English sulphur recovered from the
waste products of the Leblanc soda
process The Anglo-Sicilian Sulphur I
Co. was then formed by English cap-
italists, and handled most of the
Sicilian output until 1906 During
the first few years of its life this
company made big profits, Inter ft
lost heavily, because of a misguided
attempt to compete with Louisiana
j .irately The two branches of the
curve would then diverge. the Italian
going downward and the American
steadily going upward. Tills increase
In domestic prosperity is a reflec-
tion of the great increase In con
sumption due largely to the growing
demand for sulphur in sulphuric add
I manufacture and the Increasing line
fulness of this acid to mankind.
Brimstone In Industry.
The use of sulphur in the manu-
facture of sulphuric add has been
; the controlling factor In the pros-
perlty of the Industry in the past as
460,000 tons In stock piles at
mines, and the inroads on the
business by the Union Sulphur Co..]
■*> Louisiana, were so serious that,
the Italian government sent a com
mission to the United States to In
vestlgale lhe Frosch property and
methods Following the report of]
this commission, which was decidedly I
pessimistic regarding the Italian sul 1
phur prospects, that government!
forced nil the Sicilian producers into,
an obligatory trust or Consorzlo for]
a period of 12 years This occurred
In August. HMM The Italian govern-
ment then Innlsled that American
sulphur keep out of European mar ]
lids entirely, and tried to compel i
the Union Kulphur Co. to agree not
Io sell abroad The refusal of the
’ merit an company to accede to the
Italian demands resulted In a price
war In the United States, which soon]
■ eliminated foreign competition In
I this country
I tn America the sulphur Industry (
•••••••••••••••••
• I IIKISTIAX M'lENi’B •
• 8KRTICBS •
• < harch r«rner Uh and Ave. C •
• Services Sunday at 11 a m •
• Bunday School at » 45 a m •
• Wednesday evening al 8 90
• Everyone i. cordially invited
• Sulphur la now
• lutely vanential a
• no matter in what
• rm it mi-
• Through the recent replace-
• ment of pyrites by sulphur in
• many plant for the rnnnufiu
• tun of sulphuric acid, it is
• now vastly more important to
• industry than It was a few
•
• for
• -ulphur sufficiently stable and
• the Industry permanent enough
• warrant manufacturers
• who requite .irlphur dioxide
• In their pro. t > (hanging
• fi to tbla smi
• apply’’ In this- article tin
• question h i been answi red In
• the affirmative
at the present time. Italy, chiefly
Sicily, was probably the first pro-
ducer of sulphur in quantity,/ ami
supplied the European demand in the
early days of add manufacture. Dur-
ing the period from the middle of
the eighteenth century
acid of El
add, was
tn 1838 the
a
Till SITUATION.
There is little new in the cotton situation, though at this writing (Fri-
day. Aug 21.i the market is displaying surprising strength, coming so soon
after heavy rains in Texas and Oklahoma.
We are very much afraid tlie heavy movement soon to come in Texas
will break the market or at least bold it whore it Is unless heavy buying
by speculators absorbs tlie big volume of hedges that will have to take care
of the surplus cotton above actual spinners’ requirements which bids fair
to be about ten to one. Will enough speculators take the long side at this
time when they realize that the farmers will punish them so severely until
the demand arrives, which may be delayed until after more is known ot the
size of the crop?
It is, therefore. Imperative that the producers sell not over ONE BALE
in every FOLK OK HA I', ginned until tin- market Is ready for the balance,
if you cannot gel your cotton carried locally SHIP IT TO YOUR XEAREST
(OTTOX FACTOR 1X11 DR HA XO» <“ n» -••• i>i i» mu <ix vim
j This will leave it amply imirgined so
] severe dip which mien conies tills curly In the season.
] money to carry cotton and tlial ut very low rates with the minimum of carry.
I Ing and selling chargi *>.
IT Is SQI ARI I A l P TO THE PRODI I I R WHETHER HE hl.El'S THE
! MARKET kEEX toil HIS IOTTOX BA SELLING IT SI’ARIXHLA, OK
WHETHER III Oil Is if lit FORIIXG HIE WORLD TO TAkl TEX
HILES TO WIIERI THERE Is d II AL SPIXXIXH DEMAXD EOR OXI.A
OXI !
The recent rains may Increase the Texas crop 5 to 10 per cent, but even
then we will have less than 11,000.000 bales, which is a famine supply
No matter how much we may know now or how well we may guess the
final outturn in price, the all-important thing to get better prices for this
crop while the farmer owns any part of it is to keep it off the market. If
the producer forces the world to take his crop in three months, as he tried
to do last year, there Is no power on earth to keep it from declining No
set of cotton speculators will be hammered by the producer with actual spot
offerings two or three months in advance of the proper time to stage a
bull campaign, no matter if the crop is only 9,900.000 bales.
Our candid opinion of the situation is that we may see a crop between
10.509,000 and 11,000,009 bales—a famine supply at best, but as we are a
creditor nation we must keep this cotton until it is wanted
We shall ultimately see 30c cotton and probably very much higher l
why -aiiitiie a single lialc at less u WO can possibly get it tinani.’d''
There are a very great many short-sighted bankers and merchants who i sulphur.
would force tlie producers to sell the market down to 15c so long as they I When the English contract with
"get theirs.’ but such destructive policy does violence to the co-operative tlie Sicilian producers expired there
......‘•- ........ ■■■■ W itH if,o ooo tons in stock piles
the mines, and the inroads on
FIVE CENTS THE COPY
Con<h‘H8ed Statement of Condition of
First National Bank
Ob' BAY CITY, TEXAS
RESOURCES
$554,319.87
LIABILITIES
$554,319.87
J
inny
tn
furtort.
la
Aa Made to the Comptroller of Currency ut the Close
of BusincHH on June 30, 1923
Loans and Discounts
Bills of Exchange
Bonds and Stocks ...
U. S. Bonds .
Furniture and Fixtures
Real Estate and Building
Other Real Estate
Cash and Sight Exchange
ill 1HU| Nt
Hritzorhi County.
$100,000.00
18,235.72
. 24,700.00
411,384.15
*n if th'
gnatiy.
of
demand
tn nxc
*nt Thia pnr-
make a large
ich la reflected
e* him to sell
Capital Stock
Surplus and Undivided Profits
Circulation
DEPOSITS
$381,518.42
I L.SM.M
20,289.31
25,000.00
0,086.20
14,522.62
15,000.00
80,310.84
deslreble
both con-
it readily
seasoMl
OFFICERS
A. I, Le'l'ulle, President; Ueorga Harder, Vlce-Freeldent; J. C.
Lewis, Active Vice-President; E. L. McDonald, CMhIer; F. A.
Bates, Assistant Cashier; Jamas Castleton. Assistant Cashier.
DlKECTORNi
V. L Ix-Tulle, tleurge Herder, J. C Lewis, 1). P. Moore, E I-
Mc Dona Id
2OO.IWMI
IM13 imports!
i tone Dur
about 99,90# ions
likely to lead to
cause sulphur Is
does hot
a large stink
from the
Mttner ______
takes care of yearly
variations tn demand
th th.- <ilphutl< a
In lied .Stales.
There are* many
••yr. lemiing to stabilise the price
"h”r. Due of the moot import*
is that there are three large pro-
ng loinpanlen in this country,
eservee, all ^pirating
This creates a state
•mpetitlon In the market,
are callable of pr<*dac-
* ot two million tons a
quantity greater than the
prob-
f •-
and
------- Stocks at the
mines are probable two mUlloa tons,
and present production is about
equal to consumption.
The market for sulphur
t Hill, Matagorda County.
Alining at liryun Mound was
be said to date from the early am* Big
part of the present century Herman I'exaa V
Fraai h conceived the idea of his started by the Freeport Sulphur Co
in 1912, and at Big Hill by the Texas
tiulf Rulphur Co in 1919 The for-
mer. a relatively small producer
when compared with the other two
coastal mines now operating, did not
begtii to make Its maximum output
<•( sulphur
ant M
conceived the
for mining sulphur In 1X99,|
and the first sulphur was pioduced,
In 1S95. It was not until 19<H. how-
ever, that the Union Hulpliur Co. be
gtin making an appreciable output !
From till time on the development : ...
rapid Hi 1903 nearly 2011.000 Ion**! until It lould be readily absorbed by
was Imported, but by |—*-
I :id del leased to 20.00)1
was exported
Sulphur wai
both Bryan Mound.
with big ore
independently
of healthy 0
These mines
Ing in excee
present yearly requirements
able future deniands for many years
to come. This eliminates any like-
llhieid of s afsitlage of raw mate-
111 even if the demand were to la-
excess of pro-
umptlon is not
a price war. be-*
easily storked and
deteriorate. Furthermore.
on hand la
a .and point a of
arid producer
The market tor sulphur la grow-
ing larger birth at home and abr oad;
the normal annual Im reave has been
estimated at 19 per #
rrilts the producer to
tonnage production si
hi his costs, ami enab
brimstone ar a price that Is sttrac-
llvs to the acid manufacturer as com-
pared with that of sulphur in pyrites
t’onsequi ntiy, the price la reasonable
to the rest of the trade EXirther-
mo re, thia market is not likely to
shrink, any fluctuation In demand
being due only to general economic
changes In fact, as new usee for
sulphur are found, the total consump-
tion will continue to increase.
Although the majority of the fac-
tors affecting the sulphur market
tend l<> maintain Its stability, there
are certain influences al work, which
are of minor Importance to the mar-
ket as a whole, but have their influ-
(t'oatiaued to Cage 4)
the war demands. Tin* Texan Hull
Sulphur Co. entered Ibe market after
th. war and at what appeared to be
a hud time to offer such an addi-
tional supply to the trade. Hut. by
• •■eking new outlets for Its prislucts,
and liy reviving old ones, especially
that In sulphuric acid manufacture,
this company secured Ita share of
Ithe hu ln< ■ ■« without causing a rip-
pl* on the placid surface of the In-
dustry. Furthermore. Iiecauae of Its
large potential supply, it aided great-
ly In stabilizing the market to ths
consumer
The enormous Increase In produc-
tion of sulphur In Un- United Staten
probably is not realized by many
The effect on our foreign com pet Hors
in well shown In the declining pro-
ductlon In both Italy and Japan
The present price id sulphur la
low, perhaps *•; per gross Ion leea
than pre-war prices, whereas the
pre ent prices of most cheinlcals, as
other comniodltlea, are considerably
, higher than pre war figures
Hhnl WabRIse* the Salphar Market f
Nearly all the factors Influencing
' ihn price of sulphur are stabilizing,
litis l« a favorable condition for the
' manufacturer using sulphur. Iiecaune
|ihe stabllliy ut his business tn af-
] footed by the act uracy with which
he cun call mate the prices of the raw
materials that he will require One
(of the chief tailors In maintaining
'll relatively |.w price for sulphur Is
■ the price of pyrites. sln< e sulphur
In sold in direct c.impetiiliin with
I pyrites, both don,, sdc and foreign.
of the
WE ARE SELLING IT, BOYS!
Come on and Get Your Share
FHOXE «UI
Hey I Uy. Texas
We Satisfy
n. n. mi 1 dm a
Manager
The Daily Tribune
I -
Bay City’s Oldest Yard
Baj’ City’s Oldest Yard
PHONE 23
PHONE 23
ALAMO
LUMBER
COMPANY
ALAMO
LUMBER
COMPANY
•THERE IS NOTHING TOO GOOD EOR OUR ERIENDS”
1
rmCameron&CoJnc.
HOME BUILDERS
In The Kingdom of Cotton
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Smith, Carey. The Daily Tribune (Bay City, Tex.), Vol. 18, No. 181, Ed. 1 Tuesday, August 28, 1923, newspaper, August 28, 1923; Bay City, Texas. (https://texashistory.unt.edu/ark:/67531/metapth1365766/m1/1/: accessed July 8, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting Matagorda County Museum & Bay City Public Library.