Galveston Tribune. (Galveston, Tex.), Vol. 43, No. 201, Ed. 1 Thursday, July 19, 1923 Page: 6 of 14
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THURSDAY, JULY 19, 1923.
GALVESTON TRIBUNE
6
Willam Parr & Company Low middling .
BLACK HARDWARE TO URGE CANAL
112 %
CHICAGO CASH GRAIN.
The tanker Treeport Sulphur No.
COMPANY
Strand Between 22d and 23d
Li
121% 124
Streets, Galveston.
)
88%
88%
87
87%
Conference Plans To Push,
28%
28%
28%
Waterway.
NEWSPRINT PAPER CARGO.
99
98%
Oklahoma and
123 Chic. & East Ill
78%
78%
4
Bel-
sight 5.90%; 3 days francs 5.90;
63%
6'3% 62%
in Georgia, Florida, Ala-
j to heavy rains
57%
79
1 standing changes among the railroad
NEW YORK MONEY.
Tractions were quite ac-
96% ..
Elec. 5s
2
FOREIGN EXCHANGE.
... 89%
5s
ex-
85%
85%
NEW YORK BONDS.
for
Mr. Johnson said
46%
Compresses and depots 19,057
89,181
Grande con 4s 74% 74% .. Holland demand,
Norway demand,
I
103% 103
ref 6s
and the total sales of each bond;
Close.
Wall St. driefs
80
79
October rose
80
79%
SUGAR BOAT WEDNESDAY.
92
Sails Aug. 4
.... Due July 30
U. S. S. B. SS SCANTIO . .
J. L, Beveridge, Agent
606-509 American National Insurance Bld*.
93
86%
85%
]
5%
99%
HUMIDITY.
96%
96%
July 30
BAROMETER, SUN AND TIDE.
91%
Ind.
25 Framerican
1
90
July 19—
94%
55 French Rep. 7%s 94%
... 80%
10 Jap. 4s .. .
riod last year.
MOVEMENTS OF VESSELS.
CHICAGO GRAIN.
96% 96%
.1
TO DEDICATE WHARF.
101% 101%
Frederik VIII,
6s . ..
ARRIVED.
95
94%
CLEARED.
90%
91%
None.
92%
93
USSB Cheater Valley
i
Sept. 23
Or-
...95
8s . ..
Galveston, Tex.
99%
99%
Galveston
2215 Ave. C
6 U.
11 U.
Ship Channel
& Co.
Collingsworth (Genoa), Trosdal, Plant
I
I
. . . S. P.
a
c o,.
32
32
&
Sgitcovich
GRAIN MARKET.
27% By Associated Press.
Texas City
phur Co.
101% 102
Pierce Naviga- ' October advanced to 23.90 with prices
Texas City
98% $1 01%
99% $1 01%
Dealers in Mudshell
Truxtun (Frontera),
96% 97%
DANIEL RIPLEY & CO.
STEAMSHIP AGENTS
80%
Marine Bldg.
KANSAS CITY CASH GRAIN.
6 B. and O. 6s.... 101% 101% 101%
80% |
80%
98
97%
97.%
98
700.
1
Da T 3 =m, =
PROJECT BEFORE
NEXTCONGRESS
white, 39%042%c; No. 2 mixed, 40 c.
Barley, 54 ©55c. Hay, unchanged.
60 to 70 degrees.
central districts.
1 City' of Zurich 8s 109% ..
8 Czechoslovak Re-
in eastern and south-
Maxima 100 to 104
94%
80%
5 s ...........
Chic Gt. West-
40%
35%
37%
New Orleans,
are agents.
83%
75%
63%
84%
76%
64%
forecast which suggested showers in
parts of Louisiana with partly cloudy
weather in Texas and Oklahoma and
somewhat unsettled in East Texas. As
a result the selling was comparatively
light and there were rallies of a few
points from the lowest with the market
8 75
8 67
39%
34%
36%
1.00%
1 03%
40%
35%
37%
200
700
7,450
900
76 34
79%
39%
34%
36 %
11 05
11 12
84
75%
63%
1 00%
1 04%
11 00
11 07
The following data were given out
by the United States Weather Bureau
this afternoon: .
97%
90
July
Sept
Dec.
8 75
8 70
97%
1 00%
Low.
$100.10
98.10
98.10
98.28
98.11
99.24
i
Aug. 13
Aug. 30
98.12
98.14
98.30
98.15
99.27
10 97
11 07
8 72
8 67
12:19
p. m.
77 6
74 6
87 0
15.31
15.56
15.81
16.46
76%
79
Sales None.
NEW ORLEANS FUTURES.
Futures closed barely steady.
22.00
23.50
25.00
■ 26.00
26.50
27.00
$100.10
98.11
98.12
98.28
98.13
99.24
Today.
14.51
. 14.81
January ...
March .....
May .......
July .......
October ...
December .
84%
77
64%
14.137
1,000
14,645
2,000
57,399
Middling .......
Good middling . .
Middling fair . . .
Freeport Sulphur No. 6, (Am.), Tam-
pico.
Stureholm (Swed.), Christiania.
22.86.
The
. .Aug. 10
. . .Aug. 30
. . Sept. 15
On Shipboard—■
For Great Britain
For France .....
For other foreign
For Coastwise . .
Good ordinary ...
Low middling ...
Middling
Good middling . .
January .
March . . .
May .....
July.....
August .
October .
December
Ordinary ....
Good ordinary
’ -7
Two Sailings Monthly To
Start In August.
Yes’day.
22.65
2 2.60
22.50-52
25.70-75
23.00-02
22.77-81
Today.
22.85-88
22.85-88
22.76
25.48
23.03-05
22.88-89
By Associated Press.
New York, July 19.—Bond prices con-
tinued to show improvement in the
early trading today. Haiti 6s moved
7
a. m.
80 4
75 8
81 0
This day
This Day. Last. Yr.
25 59
26.69
27.35
27.82
28.26
quiet around midday.
• x. • - • The market was higher during the
Sh'p Channel ; afternoon on the unfavotable detailed
Lone Star Steamship Co.
Steamship Operators and Agents
........... 35 ;
. . . Dry Dock |
ft
(
1
i
m
i
yesterday spots 150; f. o. b., 300.
GALVES'TON STOCK.
Sales, none.
NEW YORK FUTURES.
Futures closed irregular.
July 18—-
7
Today.
... 23.12
... 23.15
... 23.06-09
. . . 26.55-58
... 26.00
... 23.80-86
... 23.36-40
GALVESTON MARKETS.
The Galveston market for spot cot*
ton closed quiet and unchanged.
FOREIGN
20 Argentine 7s .. 102% 102%
E
1
I
I
■
■
TROSDAL, PLANT & LAFONTA
Operating U. S. Government Shipe— Regular Liner Serviee
GALVESTON, HOUSTON AND TEXAS CITY
Yes’day.
22.96-99
22.96-98
22.85
26.60
25.28
23.78-75
23.22-25
i
i
|
SAILED.
Samuel L. Fuller (Am.), Fall River.
Steadfast (Am.), Beaumont.
Galveston Dry Dock and
Construction Co.
Repairs to Hull, Boilers and
Machinery
Office Security Building
BARCELONA SERVICE
TO BE RESUMED
1
|
|
■
Sails July 27
Aug. 27
Yes'day.
23.85
24.35
24.85
25.35
25.85
26.25
26.60
26.85
27.00
27.25
27.50
500 today;
Suderman & Young, Inc.
Galveston, Texam
Towboat Operators, Stevedores
Contractors, Dredging and
15 Dom of Can I
per cent notes
1919 ........
24 Dom of Can. 5s
1952 ........
.. 15.31
. 15.56
. . 15.81
. . 16.46
Corn—
July ..
Sept. ..
Dec. ..
Oats—
July ..
Sept. ..
Dec.
Lard—
& Lafonta ......
Colorado Springs . . .
(
92%
Wiley & Nichols Co.
FIREPROOF WAREHOUSE
Household Goods Stored, Crated
and Shipped.
Phone 144
Sailings From Galveston
and Texas City.
Yes’day.
12.66
12.58
12.54 1
12.48 '
12.42 j
12.35
14.85
14.23
13.72
13.22
12.92
12.82
Copenhagen, July 14:
New York.
97%
.. 1 00%
Agents for
Munson Steamship Lines
-New York
i
g
| Sgitcovich Lines g
Ohio cv. 4%s.
5 Chic & Alton
3%s .........
3 Chic. Burl. &
Quincy ref. 5s
Co.......
West Tacook
public 8s ctfs.. 93
15 Department of
Seine 7s ..... 86%
Operating U. S. Government Ships
LYKES LINES
GALVESTON-TEXAS CITY
BREMEN
Galveston, Texas =
fliiiHiiiBiiiBiiiMiHHiiimsniBm
p. m.
Wet bulb ther’ter ..81 3
Dry bulb ther’ter ..78 2
Rei. Humidity .... 87 0
LIVERPOOL SPOTS.
Spots closed steady.
West Indian Services
To Cuba, Porto Rico, Jamaica
and Santo Domingo.
USSB Chester Valley
USSB West Tacook .
USSB Afel .........
USSB Nishmaha.....
LIVERPOOL MARKETS,
Liverpool, July 19.—The market for
spot cotton closed steady with prices
unchanged; total sales 5,000 bales, Am.
Freeport Sulphur, No. 6, Freeport Sul- ' weather report for Texas, reports of
" a better tone in stocks, and covering.
USSB West Norranus .
COPENHAGEN - CHRISTIANIA-
GOTHENBURG.
— - .July 20
.Aug. 23
TAMPA INTER-OCEAN STEAMSHIP COMPANY, AGENTS
&22 AMERICAN NATL INS. BLDG. GALVESTON, TEX
S. SGITCOVICH & CO.
Operating U. S. Government
Ship*
GALVESTON, TEXAS.
Havre
Maria De Larrinaga
1st Half Sept, loading
Fowler & McVitie
Agents
to 23.07 and fell off to
(Sales in $1,006)—High.
101 Lib. 3 %s... $100.18
102% 103
uiaiiiEiiiniiniiBiiisiiiBiiiHiiiHiiiniiminiiii
ar 7s . ........
5 Canadian North-
ern 7s
15 Canadian Pacific
deb. 4s .......
j
1
3
2
2 Stateof San Pau-
lo s. f. 8s ..... 99%
Liverpool and Manchester
Mercedes De Larrinaga
1st Half Sept, loading
^lllHlllBlllffllllHllK1,aiIIHlinilHIIMI»IIIHy|
■ Larrinaga Line
SS Southseas—Porto Rico and
Dominican Ports, 1st Half Aug.
.July 20
.July 30
. . Aug. 7
. Aug. 23
. . Sept. 7
. Sept. 23
)
uled to make the late July sailing. S.
Sgitcovich & Company are operators. |
30 Chic.- Mil & St.
Paul cv. 4%s.
25 Chic. Mil & St.
USSB €ody .......
ussB.rekes“Bs.,
Yes’day.
14.51
14,81 1
Special to The Tribune.
Houston, July 19,—The new million
July 20
July 30
By Associated Press.
New York, July 19.—Call money firm;
high 5, low 5, ruling rate 5, closing bid
5, offered at 5%, last loan 5, call loans
against acceptances 4%; time loans
firm; mixed collateral sixty to ninety
prime commercial .paper 5.
ern 4S
29 Lib. 1st 4%s
278 Lib 2d 4%s
278 Lib. 3d 4%s
649 Lib. 4h 4%s
440 U. S. G. 4%s
। inches in southwestern Louisiana, and
Central 4s of 1934 and 1 point by Union 1.00 to 2.00 inches at four stations in
Pacific refunding 4s were the only out- extreme southern Georgia.
total imports 1,000 bales; Am
USSB Chester Valley ...
USSB West Tacook ... .
USSB City of Alton.....
USSB Afel .............
USSB Cody .............
USSB Tomalva .........
USSB Nishmaha .......
USSB West Norranus
USSB Brave Coeur • • • • •
HAMBURG.
USSB Chester Valley ...
USSB West Tacook .....
USSB City of Alton-----
USSB Cody .............
USSB Tomalva .........
U85B BrapoFrepAs.
Sales—5,000; yesterday, 4,000.
LIVERPOOL FUTURES.
Futures closed quiet but steady.
G
I
■I
]
TO GENOA AND NAPLES
Sails from
Houston
U.S.S.B. SS COLLINGSWORTH .....
U.S.S.B. SS JOLEE ......................August 12
U.S.S.B. SS WEST TOTANT...............August 26
TO VENICE, ALEXANDRIA AND PIRAEUS
...49% 49
Monthly service from this port to
Oporto will again be established by the
company next month with the arrival
of the steamship Minnequa on Aug. 20.
(This vessel will sail on Aug. 22. The
steamship Ogontz due Sept. 14 will sail
Sept. 16 for Oporto. One vessel per
amonth will sail during the balance of
the season.
Salls
. .July 20
. .July 30
. . . Aug. 7
. .Aug. 13
. . Aug. 23
. Aug. 30
.Sept. 7
.Sept. 15
. Sept. 23
son ref 4s .. 85%
31 Denver & Rio
Grande ref 5s . 47%
18 Denver & Rio
Lena Luckenbach (Aha.), New
leans.
By Associated Press.
Arrived:
New York, July 19: Conte Rosso, Ge-
noa.
El Mundo (New York) Morgan line
88% 88%
Balls from
Gal vest• "
July 21
August 15
August 31
BARCELONA-CADIZ.
UsS WEST CHATALA..................July 29
BARCELONA-VALENCIA
USSB JOMAR ...........................Aug. 10
USSB WEST CHETAC ...................Aus 20
YOKOHAMA-KOBE.8HANGHAI-HONG KONG
USSB PATRICK HENRY.................Due July 26 ,
USSB HEFFRON ............. Aug. 25
New Orleans, July 19.—Temperatures
were generally below the normal except
that maxima were above normal in
5 Detroit Edison
99% 99%
arrived Thursday from Tampico and
went to Texas City to discharge 18,000
a barrels of crude oil.
79% 79% 79%
IIIEIIII•IIIHIIIMIIIEIIIISIIIIEIIIMIIIEIIIEIIIIEIIIIIE™
REGULAR LINER SERVICE
5 DuPont de Nem-
ours 7%s ....108% 108% 108%
—•------•--—
10 Caro., Clinchfield .
‘and Ohio 6s. . . 96& 96% 96 ‛
1 Central of Geor-
gia 6s ........10% ........
5 Cent’ Leather 5s 98% ........
14 Cen. Pac. gtd. 4s. 86% 86% 86%
6
The Norwegian steamship Nordyv is
scheduled to arrive Wednesday July
25 from Cuba with approximately 23,-
000 sacks of crude sugar for discharge
at Texas City, according to C. Hawkins,
supervisor of import cargoes for the
Sugarland Industries, receivers of sug-
ar. The vessel will be handled by the
Lone Star Steamship company.
. S. of Brazil
7%s ..........101% 101% 101%
S. pf Brazil-
Cent. Ry. Elect.
9 Armour&Co.4%s. 83%
23 At., T. and San
Fe gen. 4s. . . . 88%
10 At., T. and San
Fe ad. 4s stpd. 80%
12 Atl. Coast Line
1st con. 4s... . 87%
4 Atl. Ref. deb. 5s 98.%
The shipping board steamship Stead-
fast sailed late Wednesday for Beau-
mont, where she will lift part cargo for
Havre, "Antwerp , and Ghent, returning
the outlook
other ports with 462 rolls of newsprint j g ’
paper and 500 bales of sulphate wood • ” * ’
pulp. The vessel brought 229 ■ rolls of
gium francs, 4.86%.
NET RECEIPTS AT U. S. PORTS,.
New Orleans, 176; Savannah, 353;
Charleston, 40; Wilmington, 304; “Nor-
63 Dutch East In-
dies 6s 1962 .. 96%
4 Dutch East In-
dies 5%s, 1953 92
Mexicano (Tampico),
tion Company ...
By Associated Press.
New York, July 19.—Following are
today’s high, low and closing prices of
bonds on the New York stock exchange.
Snsder Banana
.............. 19
Tel cv. 6s . .. .115% 115% .....
16 Amer, Tel. and
Tel. col. tr. 5s. 97% 96% 97%
13 Amer, Tel and
Tel. col 4s. . . . 92% 92 .....
Up a point and the French issues again - ----• ------— - -
was slightly stronger. United States , bama, Mississippi and Louisiana with
Ordinary ........
Good ordinary ..
Low middling ...
Middling ........
Good middling . ...
Middling fair ...
New York: Sterling exchange de-
(Bremen), Lykes Bros.
..............Dry Dock ! Middling fair
f. The Swedish motorship Stureholm
arrived Thursday from Christiania and
Otis Elevator Company earned net
income of $1,488,769 during the first
six months of the current year. This
is equivalent after preferred dividends
to $9.09 a share on $14,227,800 common
stock outstanding, compared with $6.
a share during the corresponding pe-
By Associated Press.
New York, July 19.—Foreign
MARINE HARDWARE
We carry a complete line of supplies
for motorboats, including vibrator
coils, Carburetors, pumps, lights and
all of the necessities of the motorboat
enthusiast.
Investigate our prices—you'll find them
cheaper.
PAUL SHEAN COMPANY
Mill, Steam and Plumbinz Supplies.
2021 Ave. B- Rhone 577
here to complete. The vessel is sched- • 2,000;
Plymouth, July 19: Belgenland, New
York.
Sailed:
Marseilles, July 16: Roma, New
York.
Antwerp, July 18: Minnedosa, Mont-
real.
decline continued until it
business during the coming season was
favorable and the reestablishment of
semi-monthly service to Barcelona and
monthly sailing to Oporto would as-
sure shippers adequate protection.
During the summer months only sail-
ing a month to Barcelona has been
made by the company while the Oporto
boats were discontinued altogether.
The steamship West Chatala has been
named to make the July 31 to Barce-
lona. This vessel will arrive here July
29 for cotton and other cargo.
The West Chetac is due Aug. 10 and
is scheduled to sail Aug. 13, while the
Jomar will arrive about Aug. 23 and
sail about Aug. 26.
Fourteen Spanish ordered deported
by immigration authorities are sched-
uled to leave port this month on the
West Chatala, according to present
plans. These men came hete recently
from western territory.
On the Far East berth the steam-
ship Patrick Henry which is at pres-
ent at Port Arthur lifting part cargo
of case oil, will sail July 26 after cem-
ing here to complete with cotton. The
next steamship for the Orient will be
the Heffron, due Aug. 25 and sailing
Aug. 28.
The Tampa Interocean Steamship
Company operates shipping board ves-
sels.
Today.
January ........... 12.61
February .......... 12.53
March ............ 12.49
April .......... 12.43
May ............. 12-37
June .............. 12.30
July ................ 14.84
August ............ 14.16
September ........ . 13.67
October ........... 13.17
November .......... 12.86
December .......... 12.76
FINANCIAL.
dollar wharf of Anderson Clayton &
Company on the ship channel just be-
low the turning basin will have its
deep sea dedication July 23, when the
Leland line steamship Oranian docks
there. She will be the first seagoing
craft to berth at the new dock. Wharf-
age bookings with two steamships
have been arranged, it was announced
Thursday, and the second ship for the
new wharf Js due August 1.
She will be the Nord-Schleswig, from
Bremen and Hamburg for Wilkens &
Biehl with newsprint paper and iron
and steel articles. While the wharf is
not entirely completed now, it was
stated it is ready for use. More than
1,000 feet of frontage is available for
ships. When the dock is completed
about August 1 it will be 1,500 feet in
length.
19 B. and O. cv. 4%s 81
21 Bell Tel. of Penn.
1st and rfg. 5s. 98
11 Beth. Steel con.
6s, Ser. A..... 98%
3 Beth. Steel 5%s. 90%
15 Brier Hill Steel
' 5%s ........... 94%
10 Brooklyn Edison
The tanker Samuel L. Fuller, which
arrived at Texas City in ballast from
Tampico, loaded 75,000 barrels of crude
oil and sailed Thursday for Fall River.
tive, Detroit United Railways 4%s
moving up 2 points and Brooklyn Rapid
Transit 7s certificates stamped 1%.
Industrials were quiet, a gain of 2 by
Cerro de Pasco 8s, being the only im-
portant change.
mand. $4.59%; commercial 60’s, $4.56%;
commercial 90’s $4.55; Reichmark,
Swiss francs, 17.52; francs
--------------------------%
MARINE NOTES.
By Associated Press.
New York, July 19—W. E. Godfrey,
counsel for the committee represent-
ing stockholders in the New York, Chi-
cago & St. Louis railroad announced
today he had sold on behalf of his
clients all of their holdings to represen-
tatives to the Van Sweringen interests
at Cleveland. This sale, he said, placed
the Cleveland group definitely in con-
trol of the property.
Jones Brothers’ Tea Company is nego-
tiating for the purchase of a new sroup
of chain grocery stores, according to an
official announcement today.
The Foundation Company disclosed
today that John W. Doty, president
of the ’'corporation, has left for Tokio
, to complete arrangements for building
I a subway;
NEW YORK COTTON.
By Associated Press.
New York, July 19.—The cotton mar-
ket opened steady today at a decline of
five points on September, but generally
8 to 22 points higher on reports of
continued droughty conditions in the
scuthwest. There was not a great deal
of demand, however, and the market
eased off after the opening under re-
alizing or liquidation which was prob-
l ably promoted by reports of continued
dullness in the goods trade andea dis-
position to even up local commitments
in advance of the adjournment incident
to the opening of the new cotton ex-
change building. October contracts sag-
ged off from 23.88 to 23.65 with the
general list selling about 5 to 10 points
net lower during the early trading.
There was a little more selling dur-
ing the middle of the morning with
October easing off to 23.57 and with
i the general list working about 10 to 25
points below yesterday’s closing on
. talk of better prospects for showers in
! the southwest. This was based on
I barometer readings, but the outlook
was not fully confirmed by the official
iimttESiltMaIIIEIITEIIIMII/EIIEIHE/MIIISIIII' m
? USING YOUR BANK -
— You are invited to avail yourselr 2
in of the facilities afforded by thi E
E bank in all of the departments. -
g _ THE--- 8
1 First National Bank J
@ 1865 of Galveston 1023 J
= Southeast Corner 22d and Strand 4
0 Strong Board of Directors =
T/IIIKMIIIEMIIIRESIIIGMIIIBIIINIIIIUMIIIB/IIMIIIHAl*™IID
WEATHER SUMMARY.
The tanker Paunco arrived at Hous-
ton Wednesday from Tampico with a
crude oil cargo. The tanker Rayo tow-
ing barge Socony No. 98 sailed from
Houston Wednesday for North Atlantic
ports with cargoes of crude oil. The
tug Calvert towing the barge Conneaut
sailed Wednesday from Galveston for
Port Arthur.
freight bureau called the Chicago con-
ference this month and inyited. gulf | After discharging general cargo at
ports to be present. An attempt will . pier 10 the Luckenbach liner Lena
basmaedt into a satistctov ad Luckenbach saiea late Wednesday for
to one to five inches in extreme south-
Low. Close
was obtained.
A survey of commercial possibility,
authorized in a bill passed by congress
last year had been started, Col. G. M.
Hoffman, division engineer of the Unit-
ed States army, stated, a report Includ-
ing investigation of routes, cost of
construction and the-building of locks
which may have to be constructed in
New Orleans, probably would be ready
by Dec. 1, he said.
Congressman Lazaro and Dupree of
Louisiana, who attended the conference,
declared they would urge the passase
of a bill in congress appropriating
$12,000,000 for construction of the wa-
terways.
Gov. Parker emphasized the impor-
tance of the canal to the entire Mis-
sissippi Valley.
"The canal will open up a vast and
fertile area and give to thousands of
farmers, manufacturers and business
men the cheapest possible transporta-
tion for the products he sends to the
market and those they bay," he said.
A committee to raise between $10,000
and $15,000. Louisiana’s quota of the
expense budget in conducting the as-
sociation’s campaign, was appointed.
39,18; cables, 39.21.
16.20. Sweden de-
gen. 7s, D....108% 108 108%
15 Brooklyn Rapid
Transit 7s. . . . 87% ........
5 Camaguey Sug-
102 101%
Worden (Frontera), Snyder Banana
Company (........... 19
government bonds were firm ____ .
stronger, the changes, however, being western Mississippi, mostly 1.00 to 2.50
small. Advances of 1% by New York I InChes in southwestern Louisiana, and
88 Anaconda Cop.7s,
1938 ..........100% 100% 100%
195 Anaconda Cop.
6, 1953 ....... 97%
Marg. Works
6s ........... 77%
Federal, S.
VESSEIS IN PONT
Anandale (schooner), Gavuston Coal
Company ..................... 34
Brush, shipping board ...... Dry Dock
Chester . Valley (Bremen), Lykes Bros.
................................ 12
City of Fairbury (Antwerp), Daniel
Ripley & Co............Dry Dock
Comal (New York), Mallory line .. 25
Conness Peak (Bremen) Daniel Ripley
16 Kingdom of Bel-
gium 7%s ....100% 100 100%
5 Kingdom of Bel-
gium 8s ......100% 100% 100%
I
1
/
i'Ll
newsprint paper for The Tribune. She
docked at Pier 36, where cargo will be
lifted for the return trans-Atlantic
voyage. Fowler & McVitie are local
agents.
Chicago, July 19.—
Open. High.
Wheat—
7s ............ 82%
18 U. S. of Mex-
ico 5s ........ 54
2 U. S. of Mexico
4s ........... 32
5 Am. Agr. Chem.
7%s ......... 97%
62 Am. Smelting 5s. 9%
14 Amer. Sugar 6s..102
11 Amer. Tel, and
amounted to 11 to 20 points, October
falling to 22.80. The better tone of
foreign news and renewed complaints
of high day temperatures in Texas
brought in new buying on a consider-
degrees were reported from northern
and central Texas. There were light
22 Cerre de Pasco
8s ..J.........125
14 Chesapeake and
Ohio cv. 5s... . 89
8 Chesapeake &
NEW ORLEANS COTTON.
By Associated Press.
New Orleans, July 19.—Gains of 2 to
6 points were made in the cotton mar-
ket around the opening today for
which better cables than due were re-
.sponsible. Selling increased, apparent-
ly on a favorable opinion of new crop
prospects fostered by semimonthly gov-
ernment returns reporting improve-
ment in the crop, taking the belt as
a whole. Toward the end of the first
hour of the session prices were 5 to 14
points under the close of yesterday.
86% 87%
98 98%
Total stock ........ 28.307
""III•I I iei 11® I IESIiIII iihi nw"" "a"= .
i Holland-American Line |
8 s
K Regular Monthly Sailings to =
m Bremen, Rotterdam and g
m Amsterdam. #
| The Texas Transport & |
Terminal Co., Inc. |
I Galveston, Texas E
jhwIiBi'iiBniBiiiBiiiBi^
Sept. . .11 00
Oct. . .11 10
Ribs—
Sept. .. 8 70
Oct. .. 8 70
1 Commonwealth
Power 6s .... 85%
1 Cons. Coal of
Maryland 5s ..87%
1 Consumers Power
TO DISCUSS COTTON RATES.
Reductions in cotton rates from the
Southwest to Pacific coast ports for ex-
port to the Orient will be considered
at a conference called by the trans-
continental freight bureau at Chicago
on July 24. E. H. Thornton, traffic
manager for the Galveston Commercial
Association, departed last night for the
meeting. Representatives of other gulf
ports will also attend the conference.
This is the first time trans-conti-
nental rail lines have shown a disposi-
tion to line up with the gulf in the
matter of rata adjustment. In the
past these lines have totally ignored
Galveston and other gulf ports when
rate cuts on cotton for export via
west coast ports have been made.
Such action has discriminated against
Galveston in the Far East cotton trade
and until recently no relief was to be
obtained, as the big lines had the priv-
ilege of making the reduction on three
days’ notice.
As a result reductions would be pub-
lished and in effect before copies of the
tariffs reached gulf ports, thus depriv-
ing Galveston and New Orleans of
the opportunity of voicing protest
when necessary.
The Interstate Commerce Commis-
sion at the request of Galveston and
New Orleans recently withdrew this
privilege from the trans-continental
lines, and under present regulations
contemplated reductions must be made
public between 40 and 50 days before
going into effect.
This requirement has been helpful to
the gulf, for some time ago the trans-
continental carriers proposed a reduc-
tion from $1.35,10 $1.18 in export rates
on cotton from the Southwest to Pa-
cific coast ports, which was protest-
ed by Galveston and New Orleans.
In this protest Galveston, through
the traffic department of the Commer-
cial Association, submitted a rate ta-
ble showing that such reductions would
discriminate against cotton movement
from the gulf to the Orient.
As a result the trans-continental
By Associated Press.
Kansas City, July 19.—Wheat No. 2
hard, 95c@$1.05; No. 2 red, 92097c;
July, 91%cb; September, 93%c split ask-
ed; December, 96 %c. _
Corn No. 3 white/ 81082c; No. 2
yellow, 83c; No. 3 yellow, 85085%c; No.
2 mixed, 82%@83c. July no trading; I
September, 80%cb; December, 72%C
split bid.
Oats No. 2 white, 40%@43c; No. 3
changes firm; quotations in cents:
Great Britain demand, 459 3-16; cables,
459%; sixty day bills on banks, 456%.
France demand, 5.90%; cables, 5.91.
Italy demand, 4.31%; cables, 4.32. Bel-
gium demand, 4.85; cables, 4,85%. Ger-
many demand, .0003%; cables, .0003%.
1 Cuba Cane Sugar
deb 8s ....... 92% ..
4 Cuban American
Sugar §s .... 107% 107 107%
74 Delaware & Hud-
SHORE LINE GOVEANMENTShps
REGULAR LINER SERVICE GALVESTON AND TEXAS CITY
TO
folk, 370: Boston, 14: total 1,257; same
day last week, 3,423; same day last
year, 3,695.
CONSOLIDATED STATEMENT.
Net receipts of cotton at all United
States ports thus far this week were:
12.094; thus far last week, 16,985; thus
far this week last year, 26,468; thus far
this season, 5,733.351; thus far last
season, 6,223,171; difference, 489,820.
GRAIN MARKETS.
The range of prices on the Chicago
Board of Trade for July wheat and
corn were as follows:
Wheat—Open, 99%; high, $1.01%;
low, 98%; close, $1.01%; yesterday
99%.
Corn—Open, 84; high, 84%; low, 83%;
close, 84%; yesterday 84.
GALVESTON GRAIN RECEIPTS
By G. C. & S. F. 24 cars wheat; by 1.
& G. N. 36 cars wheat; by G. H. & S. A.
36 cars wheat; by M. K & T. 44 cars
wheat; total, 140 cars wheat
GALVESTON
to i
LIVERPOOL-MANCHESTER S
SS Invincible ............July 31 E
- SS Narcissus .........August 13 m
= SS West Ivis ........ .August 31 =
LONDON ■
I SS Steadfast ............July 81 g
w SS Abercos ...........August 31 —
Dev. 7%s ..... 90 88%
76 French Rep, 8s 97% 97%
8 Kingdom of Den-
mark 6s ...... 96%
5 Kingdom of It-
aly 6%s ...... 96%
35 King, of Neth-
erlands 6s ... .102
8 King. of Nor-
71 mortgages.
7 Republic of Chile
8s, 1946 ......103
5 Republic of Chile
7s, ctfs ....... 95
6 Republic of Co-
colmbia 6%s . 91%
9 Republic of Haiti
6s, A 1952 .... 93
1 State of Rio
Grande do Sul
20 Chile Copper 6s 98% 98% 98%
6 Cleve. C. C. & St.
Louis ref. 6s A 101% 101 101%
5 Columbta Gas &
able scale, causing small upturns. At
11 o’clock October stood at 22.91.
During the second half of the ses-
sion the strongest period of the day
developed mainly because of persistent
rumor of something really constructive
was on foot in Europe. In the trading
up to 12:30 o’clock October was sent
up to 23.17 with the trading months
showing net gains of 17 to 22 points.
NEW ORLEANS SPOTS.
New Orleans, July 18.— The market
for spot cotton closed dull and 50 points
down.
way 6s ....... 97% '97% 97%
9 Kingdom Serbs,
Croats, Slov.
8s ........... 68% 68% ..
14 King, of Sweden
Resumption of two sailings per
month from Galveston to Barcelona
effective in August and continuing
throughout the balance of the season,
was announced Thursday by Frank C.
Johnson, local manager for the Tampa
Inter-Ocean Steamship Company.
The vessels listed are the West
Chetac, scheduled to make the first
half August sailing and the Jomar
sailing during the latter part of the
month.
By Associated Press.
New Orleans, July 19.—Representa-
tives from cities and parishes through-
out Southern Louisiana, headed by
Gov. John M. Parker and business lead-
ers of New Orleans, Texas and Florida,
held a conference here Wednesday to
discuss plans for the construction and
completion of the intracoastal canal
from New Orleans to Corpus Christi,
Tex. It is proposed eventually to ex-
tend the water way from Pensacola,
Fla., to the Rio Grande River.
Roy Miller of Corpus Christi, vice
president of the Intercoastal Canal As-
sociation, stated the canal should be
completed withn five years on the ba-
sis of a nine-foot denth and 100-foot
wdth if the active influence of busi-
ness interests in the territory affected
Pennant IPierce Navigation Co )
....................... Texas City
Folarina (Tampico), Pierce Navigation
Co..................... Texas Cits
Stureholm (Christiania) Fowler &
McVitie ............... 36
Torres (Tampico), Morgan line .....C
mand, 17.45. Switzerland demand, 17.74.
Spain demand, 14.33. Greece demand,
2.37. Poland demand, .0007%. Czecho-
slovakia demand, 2,99%. Austria de-
mand, .0014%. Argentine demand,
33.75. Brazil demand, 10.50. Montreal,
97.38.
generally steady around 2 o’clock, when
July still showed a net loss of four
points but crop positions were 17 to
20 points net higher.
NEW YORK SPOTS.
New York, July 19.—The market for
spot cotton closed quiet and unchanged.
The following data regarding barom-
eter, sun and tide are furnished by the
local United States weather bureau:
BAROMETER (SEA LEVEL).
At 7 a. m. today, 29.97 inches, which
corresponds to 761.2 millimeters.
SUN TOMORROW.
Sunrise tomorrow, 5:33 a. m.; sunset,
7:18 p. m.
Tide, Friday: (Twentieth street
gauge): High tide at 9:13 a. m. and
11:05 p. m. Low tide at 3:44 a. m. and
4:28 p. m.
Paul ref. 4%s 57% 56%
33 Chic. Mil & St.
Paul 4s. 1925. 79 78%
1 Chic. & North-
western 7s ...107 .«
1 Chic. R. I. & P.
gen. 4s ...... 78% ..
12 Chic. R. S. ’& Pac
ref 4s ........ 71% 71
21 Chic & Western
Ind 4s ....... 71% 71
Texas. Minima were
HA VRE-ANTWERP
® SS Steadfast ........... • July 31 g
s SS Efina .............August 13 =
“ SS Abercos ...........August 31 in
E Liverpool-Manchester vesselswill =
= call at Houston if sufficient •
H cargo offers.
m
.. . .105 104% 104%
5 Swiss Confed.
8s .....'.......116 115% 116
32 U. K. of G. B. &
1 5%s, 1929 . . .113 112% . .
/53 U. K. of G. B. &
I. 5%s, 1937 ..102% 101% 102%
9 U. S. of Brazil 8s 96% 96 96%
98 97% 98
By Assoclated Press.
Chicago, July 19.—-Wheat, No. 2, red,
$1.00%; No. 3, red, 99% @1.00%; No. 1,
hard. $1.00% @1.01; No. 2, hard, $1000%
@1.00%. Corn, No. 1, mixed, 85; No.
2, mixed, 85085%; No. 1, ellow,
88%; No. 1, yellow, 88088%; Na. 1,
white, 87%; No. 2, white 87@87%; sam-
ple grade white. 81081%. Oats,‘No. 2,
white, 43@44%; No. 3, white, 40 %@
42%. Rye, No. 2, 63% @64. Barley, 62
@69. Timothy seed, $5.5006.50. Clover
seed, $15.00 @17.50. Pork hominal.
Lard, $10.85. Ribs, $8.37@9.25.
____________________— • ■
NEW YORK BONDS.
9 Paris-Lyons-Med.
6s ........... 73 72% 73
9 Republico of Bo-
lovia 8s......... 88 87%
Today.
Low ordinary ...... 23.85
Ordinary .......... 24.35
Good ordinary ...... 24.85
Strict good ordinary 25.35
Low middling ..... 25.85
Strict low middling 26.25
Middling .......... 26.60
Strict middling ..... 26.85
Good middling ..... 27.00
Strict good middling 27.25
Middling fair ...... 27.50
Sales—Spots 700; f. o. b.,
5 City of Bordeaux
6s ............ 80
8 City of Copen-
hagen 5%s .. 90%
30 City of Greater
Prague 7%s .. 77
11 City of Lyons 6s 79%
6 City of Marseil-
les 6s ........ 80
6 City of Rio de
Janeiro 8s 1947 92%
77 .....
83 83%
By Associated Press.
Chicago, July 19.—Wheat showed a
downward slant in price today during
the early dealings. Enlarged receipts
here, together with a poor response
in Liverpool to yesterday’s price up-
turns on this side of the Atlantic had
a bearish effect. There were no indi-
cations, of general public buying, and
some uncertainty was caused by an-
nouncement that the government su-
pervisor had asked for the actual names
of traders who were long or short 500,-
000 bushels or more. Heretofore, re-
ports which the government had asked
for required-no names.
The opening, which ranged from %c
to %c lower, with September 97%c to
98c and December $1.00% to $1.01, were
followed by a slight further setback.
Subsequently commission house buy-
ing based largely on advices about
black rust in Canada became a feature,
and the market went upgrade. Hot
weather in South Dakota tended also
to stir up bullish sentiment.
Corn and oats were easier With wheat.
After opening unchanged to %c lower,
September 75%c to 76c, the corn market
continued to sag.
Later corn rose when wheat de-
veloped strength. Announcement that
100,000 bushels more of corn in pub-
lic elevators here was out of condition
had some bullish influence. The close
was firm, %@lc net higher; September
76% @77.
Oats started at %@%c decline to %e
advance. September 34%c to 35c. Later
the market held near to the initial
range.
Lower quotations on hogs weakened
the provision market.
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Galveston Tribune. (Galveston, Tex.), Vol. 43, No. 201, Ed. 1 Thursday, July 19, 1923, newspaper, July 19, 1923; (https://texashistory.unt.edu/ark:/67531/metapth1597112/m1/6/: accessed July 17, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting Rosenberg Library.