The Fort Worth Press (Fort Worth, Tex.), Vol. 15, No. 119, Ed. 1 Tuesday, February 18, 1936 Page: 9 of 12
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ESDAY, FEBRUARY 18,1936
Y 18,1986 1---------—
Want Ad Service—Call 2-5151
H
K L
C. D.
_____THE FORT WORTH PRESS
MAPPING THE BIG LEASING ‘PLAY’ BROUGHT ON BY TITUS TEST
mer
Florida
Lockwood’s
NEWS AND VIEWS
OF THE OIL WORLD
Farmers in Fault Line Belt May Find
Their Leases Have Not Been Sold After
All. .
c-D-LOCKWOOD’s
0" *
NT
•a
Want Ad Service—Can 2-5151 *
INDUSTRIAL
SCORE ADVANCE
Nervous Weakness Contin-
ues to Prevail In List
Of Utility Shares
PAGE 9
he long to
very bright,
hildren. Give
h from the
and I’ll have
y hand in a
days a fish,
euda, learns
him lead an
pt hurt him
rt him. Soon
gets just as
ley all seem
° backs and
ion’t like it
ey get used
k for more,
ave I don’t
ches them
anly.”
eats his
and he says
you wonder
n to liking
IS!
It shows a
glass jug.
r. How did
was pulled
led a home
abundance
to get out. .
ers
1 . .1-..
trokes In
inson
a., Feb. 18.
igton, Ky.,
liliant 76 to
is from a
he way into
atch-play in
golf tourna-
d the tricky
Club course
of her near-
inson. Des
the wayside
blistering
Champion
who had an
sational girl
s, who had
Jrcutt Crews
Kansas City,
r
99
DES
ANY farmers in the East Texas fault line belt probably
will discover they haven’t sold their leases after all. The
- in completion of Housh & Thompson and Peveto’s No.
rr in northern Titus County already has caused a num-
of drafts to bounce back, according to reports from that
I Cash expenditures for leases, however, ran into stag-
ig figures and the percentage of failures to cover drafts
atively small. The Talco well
d this play Feb 6 when a
Insiders knew that a satur-
sand had been cored. The
stem test which showed 800
of oil in 25 minutes was
Feb. 7, and casing was ce-
ed Feb. 13. The plug prob-
will be drilled late this week.
, the elapsed time bewteen
rill stem test and completion
e producer probably will be
t 14 or 15 days, maybe
e map in an adjoins col-
shows the geographical re-
nship of the Talco discovery
rels, compared to 2,773,905 bar-
rels for the week ended Feb. 8.
Tabulation of daily average
production in leading producing
sections of the United States for
the two weeks:
Field-
Oklahoma City .......
Seminole-St Louis ....
Remainder of state ...
Total Oklahoma .......
East Texas ............
West Texas ...........
Gulf Coast Texas .....
Southwest Texas ......
Remainder of state ...
Total Texas .........
Kansas . . ...........
Louisiana .........
Arkansas
Eastern .
Feb. 15
153.125
90,375
281.275
524.775
434,618
163.298
217,446
70,354
187,690
1,073,408 1
135 025
186.424
29.680
108.000
36.601
107,470
584,500
Feb 8
139,150
86.150
262,275
487,575
436,803
159.952
212,497
69.548
180.898
.059,698
131,675
194,555
29.670
99,000
33.772
109 R10
ther fields in eastern Texas .. .........
northwestern Louisiana. The MihtatN
led portion represents the canfornisuntain
covered by the "play," and
(s how far the lease buyers I
eled in two directions from theITT IEAAAT
o well. In fact, the hottest UIL ULMIANU
seems to be the district in - . .
heastern Hopkins County IOTIRAITE
e of the pioneers even went i I 1 L
ir southwest as Bazette, scene | Y • 9INT • = 09
Wild activity in 1924. The :------
1 shows a series of surface Boost of 35,700 Barrels For
- Its which were traced from
United States:Geological Sur-
s map, and it also shows the
ius 3320-foot" contour on the
dbine sand around the rim
he East Texas Basin. Below
name of each producing field
le year in which it was discov-
Texas Expected In
March
By United Press.** :
AUSTIN, Feb. 18.—Increase of
35,700 barrels in the U. S. Bu-
reau of Mines’ estimated market
demand for Texas oil in March
was announced today at the state-
wide proration hearing of the
State Railroad Commission.
The new estimate is 1,104,000
barrels, compared to a 1,068,300-
barrel forecast for February. The
latter figure was 51,300 barrels
above the estimated January mar-
ket demand, giving a total in-
crease of 87,000 barrels since
Jan.
John Boyle, San Antonio at-
torney, told the hearing that Col.
E. O. Thompson should be con-
gratulated for helping get the in-
creased estimates, which mean
higher allowable. .
Allowable production Feb. 1
| now a was 1,066,993 barrels. Commis-
on and now 4100 an sioner C. V. Terrell, who presided
A. over the hearing in the absence
Jald he, “If that fellow had of- of Mr. Thompson who is in Wash -
VE of the best stories illus-
(rating the intensity of this
- came from a lease broker
• rushed to the scene of the
strike as soon as he heard
ut it. He bought several hun-
i acres at $1 an acre and re-
led to the city with the con-
nt expectation of selling each
$10 or $12.
‘he first buyer he encountered,
ever, immediately offered him
an acre for one large tract.
s stunned the broker, so he
used to sell. He is still hang-
ed me $15 an acre I would | ington, said new" wells in new
e sold him everything T had, fields would absorb any increas-
when he mentioned $50 1l ed allowable that Texas was due
from greater market demand.
A list of purchasers’ nomina-
Aught the stuff must be valu-
de.’’
The, explanation is that the
who offered the $50 happen-
to have a buying order from a
: company with a’top price of
and was so eager to fill the
Bier and collect his commission
he thought he would take a
fort cut.
TAll of the fields in Texas that
shown on this map produce
bi the Woodbine sand. In the
dyuga field, northwestern Ander-
County, one well is producing
som the Trinity horizon (Tide
ater & Texas Seaboard’s No.
21 Wills). All of the produc-
n in the prolific Rodessa field,
rthwestern corner of Louisiana,
mes from the Glen Rose section
the Trinity. A well was drill-
in the Van pool which showed
me saturation in the Paluxy,
hich is the upper part of the
rinity, and the saturation was so
od that some geologists who
oked at the cores wondered why
didn’t make a commercial pro-
ucer. I .
ANY theories have been ad-
vanced—to explain why the
diccessive waves of wildcatting
long the fault zone north of the
Powell field have failed to find
ny Woodbine production. One
theory is that the structures
ong the faults do not seem to
have any closure. Showings were
Obtained in many of the wells but
there was not enough accumula-
ion. The theory underlying the
present lease play is that closed
tructures should exist up against
he faults in the Trinity horizon.
Independent oil men are really
n the real estate business to a
arge extent. Nearly all wildcat
vells must be financed, and the
ob of selling the idea of drilling
well is much easier in a trend
hat has been established by the
liscovery of some oil, no matter
yew small. The job is easier, no
natter whether the company to
whom the idea must be sold is
arge or small, because in the
rase of nine-tenths of the large
outfits, executives in New York,
Chicago or Pittsburgh must be
convinced to some extent. And
o a majority of executives oil re-
tions had not been completed to-
day
For East Texas, the commis-
sion’s engineer, V. E. Cottingham,
recommended a daily production
of 425,000 barrels next month.
"That," he said, “is a reduction
over the average production for
January and February, but as
new wells come in the field al-
lowable by the end of March will
be approximately what the pro-
duction now is.”
Allowable for the field Feb. 1
was 432,204 barrels a day.
Wallace Jenkins, Dallas, asked
it the commission had any infor-
mation about oil coming into East
Texas refineries from Louisiana
and being charged to East Texas
refineries. If such condition pre-
vails, with the field allowable be-
ing reduced, he said, it is unfair
to operators and should receive
prompt attention by the commis-
sion.
Cottingham said the commis-
sion had no notice of it, and that
the oil could not move legally
into, the field without federal
tender.
. The session was the shortest
| statewide, hearing ever held by
the commission. At the sugges-
tion of Mr. Terrell that remarks
be brief "before we all get preu-
monia," there was little discus-
sion. Most fields and pools stood
on former records.
Livingston asked for an increase from
266: barrels to 4000..
Sam Fordyce operators joined in a re-
quest to be allowed enough production to
fill contracts with the Valley Pipe Line
Co. for export oil.
Nomination of 5000 barrels a day above
the present 10.000 production in South
Ward was announced by the California
company in a request for an increase suf-
ficient to fill nominations.
North Ward field asked restoration of a
former reduction. Gulf Production Co. an:
nouncing that the increase was needed
for a Sweetwater refinery. The field for-
merly was. reduced from 7600 to 6180 bar-
rels a day It had purchasers’ nomina-
tions for 12,000
A total of 5000 barrels a day was asked
for Cowden pool, Metor’ County which now
has 3720 barrels daily allowable. Me-
clintic pool asked an increase of 425 bars
rels a day. Fuhrman pool, Andrews
County, asked an increase ci 150 barrels
z ANDT
Y
2
1 mrs
U
M ‘
wav A B A O
SON
0
By United Press.
NEW -YORK Feb 18 Con +
flicting influences prevailed in the
stock market today, with strength 1
in industrial shares and continued I
nervous weaktiess in utilities
The opening was active—blocks i
up to 25,000 shares appearing - 1
as further selling came into utui-
ties. particularly’ in those operat
ing in the TVA district. Tickers
were as much as one minute late.
Industrials later came to the fore.
U. S Steel reaching a new high
since 1933 at 61%. up 1%. and
trading quieted.
Losses among utilities mostly 1
were fractional; except in pre-
ferred shares American Power &
Light 6 per cent preferred was 3
points lower at 48%. while the 5
preferred was off 1. Common: i
wealth & Southern, Consolidated
Gas, Electric Power & Light, 1
North American and United das’il
Improvement all were lower at 1
. losses’ranging to a point. "
D.Geenral Motors and Chrysler | I
both firmed fractionally while i
| numerous new 1936 highs were 1
made i
ANSWERS TO
TEST QUESTIONS
Below are the answers to
test questions printed else-
where in this issue.
1. Allegheny County.
2. General Grant in 1868.
3. L niversity of Maine.
4. Italian composer
5. Obio,
8. Assignats.
7. Interior Department.
8. Daniel "Vebster, June
17, 1843, at the completion
of Bunker Hill Monument.
9. The Shannon.
10. “Sun Dog.
ML
CAYUGA
4934
ANDER SO N
H E
MT
CO G DoCies
The shaded part of the map above shows the area covered by the big leasing “play" during the
past two weeks following the discovery of oil in Titus County by Housh, Thompson and Peveto in
their C. M. Carr No. 1 near Talco. The diagonal lines represent surface faults traced from the
U. s. G. S. map. The broken black line extending f rom the north end of the East Texas field and
paralleling the shaded area down to the lower I eft hand corner of the map represents the "minus
3820-foot” contour on the Woodbine sand around the rim of the East Texas basin. *
LIVERPOOL COTTON
LIVERPOOL Feb is Spots quiet:
market steady receipts, 17 000 bales in
eluding 800 American Futures opened
steady and closed unchanged, to 1 point
hisher. 1
BOARD HONORS HAWK
AUSTIN, Feb. is Members
of the Texas Planning Board’s
committee on natural resources
today made public a resolution
honoring the memory of their
late chairman, Wilbur C. Hawk,
Amarillo newspaperman, and civic
leader.
Fort Worth
FORT WORTH POULTRY
Livestock
4 By U.S. Dept. of Agriculture .
A strong undertone prevailed in
the trade on cattle and calves at
Fort Worth Tuesday, while hogs
gained 25c and lambs ruled steady
to 25 cents lower. Receipts were
estimated at 1500 cattle, 800 calves,
1800 hogs including 1700 directs,
and 800 sheep, compared with 3034
cattle, 1233 calves, 1936 hogs and
1644 sheep a week earlier. The
cold snap evidently curtailed mar-
ket receipts locally. In fact, it was
reported that some shorn lambs
froze to death on the way to mar-
ket.
Very few slaughter, steers were ineluded
in the run and these sold strong tolightly
higher, while all yearlings ruled active and
strong to 25c up. Most of the medium to
good grade steers and yearlings sold at
$6 35 to $7 25, a few sales en yearlings up-
ward to $7.75. while plain kinds sold spar-
insly at $6 downward.
Yearling heifers advanced as much as
25c in instances, good kinds selling at
$6 75 to $7.35. while common and medium
butcher heifers ruled strong, at $4.25 to
$6 35 Cows cleared actively at firm
prices. Good fat offerings made $5.25 to
$5 75, a few head at more money, while
butcher cows brought $4.50 to $5 and low
cutters and cutters $3 35 to $4 26. Bulls
brought $4 to $5 50, one load selling at
$5.10. and occasional head of fed bulls
brought $5.75. -*
A strong and active release was accorded
calves again today Most offerings sold
at $5.50 to $6.50, one load at the outside
price, with a few good lots at $7 and cull
and common kinds $4 to $5,50 Good qual-
itv stocker yearlings and calves brought
$6 50 to $7.
The hog market advanced 35c, a top of
$10.25 being paid by packers Bulk of
the good to choice 185 to 300-pound aver-
ages brought $10 15 to $10.25 and 160 to
180 pound weights brought $9 50 to $10 10
Packing sows were strong at $8 75 down.
Fat lambs sold steady to 25c lower and
aged wethers steady. Choice fed lambs
brought $9:50 and a few good lots $9 to
69 25, while shorn aged wethers sold at $5.
. The advance estimates for Wednesday
at Fort Worth were posted at 3600 cattle,
1100 calves, 1600 hogs and 700 sheep.
Prices paid by representative marketai
J. W. Nicaols Poultry a Eis Co.
Old tom turkeys, per bowed ........ 18c
No. 1 nen turkeys, V lbs and over 1,200
No. 1 tom turkeys .........*i****23,,180
No. 2 turkeys ............+,.....*....120
Hens, light, per pound ................14
Hens, heavy, per pound ..............16c
Stags and roosters ***........*******70
Geese, pound .........***.....w*p*aj:146
Fryers. per pound .................11018
Ergs, per case ... ...........****,*6.90
Tom turkeys, over 14 pounds ........4dc
R. H. Brewer Poultry,
No. 2 turkeys ......... ****4:140
Hens, light, per pound .......... 13c
Hens.. heavy, per pound ..........+., 169
Fryers, under 2‘s pounds ...........188
Fryers, over 2Va pounds ...... 150
Eggs, No. 1 candled case ........16.60
Pecans. per pound. ........33403NC
Fort Worth Poultry * Ere Co.
No. 1 nen turw.ys ...........4...0.L 188
No. 1 tom turkeys ............+..+...18c
Old tom turkeys ..................144180
No 2 turkeys .........********* 14c 1
Hens, light, per pound ...... 1381
Hens. heavy. per pound —..********.150
Spring chickens ...................170
Bakers. per pound ....................13c
Eres: No. 1. candled, case ....... $6.25
Butterfat. per pound•...........4..334
R. a. Miller Poultry Co.
No. 1 hen turkeys, 9 lbs. and over ...20c
Tom turkeys. 14 1bA. and over ......c.180.
Old tom turkeys ...14................17c
Hens light, per pound ................136
Hens, heavy, per pound ...............ise
Fryers. under 2V pounds ...........180
Bakers. over 2’pounds .. ............180
Roosters ................u: 70
Pecans, per pound ...............3404c
FRUITS AND VEGETABLES
mains the best geology.
Most important news In
the
Rodessa field yesterday was the
fact that Haynes’ No. 1 Zylk, an
east extension test, found some
saturation in the Gloyd horizon at
5935 feet. This may add some
productive acre-feet to the pool’s
total it this horizon yields oil in
commercial quantities.
Daily Average Crude
Production Increases
By United Press,
TULSA, Okla., Feb. 18.—Daily
average production of crude oil in
the United States increased 12,-
876 barrels for the week ended
Feb. 15, compared to the previous
week. The Oil & Gas Journal said
today.
Daily average production for
the past week was 2.786,781 bar-
KANSAS CITY LIVESTOCK.
By United Press,
KANSAS CITY. Mo. Feb. 18. -Hogs Re-
ceipts 3000, no directs: market fairly ae-
tive, uneven. 10025c higher than Mon-
day’s average: top $10.75; desirable 175
to 275 pounds $10,550 10.75: better grades
140 to 160 pounds $10.45 @10.70: sows 99
(940. few $9.50.
Cattle Receipts 3000. calves 500: largely
fed steer run: few early sales fully
steady: she stock fairly active, strong, 15€
higher: bulls steady. Strong: vealers and
calves slow, steady: stocker and feeder
classes in slow demand steady, weak:
wood light weight steers early 19 28 bulk
fed steers eligible to sell from $708.50.
shertfed heifers 16 5007.35 bull buteher
cows $5,25 @ 5.10 low cutters and eutters
$3 754 St most vealers $10 down: few se-
lected kinds $10 50011, -—.-----4
Sheep —Receipts 8800: killing classes
steady: top fed lambs $9.75: most sales
89.50 0 9.75: medium ever 8.005 )
ONAWA LVEsTOCR. S.
By United Press.
OMAHA. Neb.. Feb. 18.-Hoss.-Receipta
1300: market active, strong, ise higher
than Monday’s average 160 to 260 pounds
$10.00 4 10.70: top $10.75
Cattle-Receipts 3700: calves 200: steers,
yearlings and heifers slow, few sales
steady: generally asking higher:cows
steady, sirons vealers scarce. strong:
stockers and feeder nominally steady:
best steers and year’inea $728 8 28: seme
held above 39: heifers $6 2507 25: beef
cows 15 280/6.45: practical top vealers $11.
Sheep—Receipts 5000: lambs slow: bid.
Mine *250 lower, askine fully steady:
sheep strons. 10e hisher: few fed weeled
lambs up to $9.50; bulk held 85.75 and
above: few owes $8.4000.10.
MID-DAY
STOCKS
The Weather
Following U. S., weather
reports show high and low
temperatures and rainfall for
yesterday: (
Station—
Abilene, Texas ........
Amarillo, Texas ******
Atlanta, Ga ........
Augusta, Ga............
Bismark. N. D. .......
Boise, Idaho ...........
Boston Mass ........
Brownsville, Texas ....
Buffalo, N., Y.........
Chicago III. ..........
Cincinnati, Ohio
Corpus Christi, Texas •
Dallas, Texas ********
Davenport Towa ......
Del Rio. Texas ......
Denver, Colo..........
Detroit. Mich .........
Dodge City, Kan. .....
El Paso, Texas .......
Fort Worth ........
Houston, Texas ......,
knotting YenN.......7
Los Angeles, Cal. ***..
Macon, Ga, ..........
Memphis Tenn.......
Miami, Fla............
Miles City Mont.......
Minneapolis Minn. *4+
Mobile, Ala ......
Montgomery, Ala......
Nashville. Tenn.......
New Orleans. La.......
New York City .......
Oklahoma City .......
Omaha. Neb.........
Philadelphia. Pa .....
Phoenix. Ariz. ........
Pittsburgh. Pa. ........
Portland. Ore ........
Rapid City, S D ......
Salt Lake City .....
San Antenie Texas ***
Men Djege Cal........
San Francisco. Cal. ...
Manta N M.......
Seattle. Wash. ........
Bhrevepert. La. .......
St Louis.” Mo. .......
Tem P ********
washineton De
Winnipeg Manitoba ..
Yellowstone. Wye......
High Low Rain
34
. 30
58
10
26
. 54
1 0
78
io
60
27
54
.52
62
. 58
11
46 ..14
-14
24
12
32
6
-14
-8
24
10
-14
24
0
- 8
4
32
11
20
-6
16
48
164
04
Toe
The following are representative prices
paid in Fort Worth by retailers to jobbers,
truckers and gardeners on commodities of
good merchantable quality and condition:
Apples-Boxes Washington Delicious,
extra fancy, medium to large mostly $2
@2.15, few $2 25 fancy mostly $1.7541 90
few higher: few low as $1 60 Jonathans,
fancy, small to medium $1 60 1.75. few
$2: unlidded boxes, orchard run $1.10:
Winesaps medium, to large, extra fancy
$1 85 1 2, few $2 15 fancy $1 751 85 few
$1.90: small $1 50 % 1.60 Romes extra
fancy, medium to large $1 9002: fancy,
small to medium $1 500 1.75 Bushel base
kets: Idaho extra fancy and fancy Romes,
2-inch minimum $1 354 1 40; Winesa ps.
2‘V-inch minimum $1 5001 65 few $1 75,
Cabbage-Texas Danish type bulk per
pound mostly l’sc. few higher and lower
Cabbage Plants Crates. 2000 Jersey
Wakefield, Texas $242.35: Georgia $2 50
@2.75
Celerv-California 34-inch crates most-
ly 3 to 3’4 dozen mostly $3 25 2 to 2%
dozen $2 75 0 3
Lettuce—California Iceberg type 6 doz-
en mostly $2 50 few $2 75: few 5 dozen
mostly around 33
Onions—Colorado Valencias. 50-pound
sacks. U. S. No is mostly $1.250.1.35:
partly graded around S1: Yellow Danvers,
U 8. No 1s. medium size #1 3541 40:
Idaho Valencias, U S No is $1.35@ 1.40:
White Valencias, l’-inch minimum most-
ly $1.75 @ 1.85.
Potatoes— Sacked per ewt., California
Burbanks. U 6 No 1s washed mostly
*2 650 2 75. few fine quality high as $3 50
Colorado Brown Beauties. partly graded |
$1 651.75 McClures U. s. No 1s $1 85
471 90: Rurals. partly graded $1 65 @1.75: .
Tdahn Russets, U. S. No. 1s washed most-
ly $2 35m 2 50 few $2 650 2.75: unwashed
*2.100 2.261 U • No 2s $1 65 @ 1.75: Ne-
hraska Triumphs partly graded $1 76%
1.85 New stock Texas Triumshs bush-
el crates. U. S No is mostly $2 2500 2 50
Seed Stock Barked per ewt Minnesota
Cobblers. U S No is $1 8562: Nebraska
Triumphs. U S No is $2@210: partly
traded $1 85
Sweet Potatoes—Texas Porto Rinana,
huthel baskets, partly graded 800 85
hushel crates partly traded 90c4#1: U
S No 1s /i-beled mostly $1 2561.35: few
hi-h as $1 50
Tomatoes Florida lugs 6x7s and lare-
er "reen rimes and.turning. wraoned. few
ordinary quality, originals 11 TA A 2 poor-
At lever: repacked mestly *202 25 mostly
$2.25 Me ien 6YA and 4x7s green and
turning. remeeke- *303.2%
NEW YORK STOCK MARKET
NEW YORK, Feb. 18.—Mudday totos.
ing) prices:
Alaska Juneau ..................15%
Allied Chemical .................165
Allis-Chalmers ..........,......48
American Can , . ......119‘s
American & Foreign Power.... 7‘s
American Locomotive .. ......30%,
American Smelting & Refining 62%
American Tel. & Tel. .. ... 174%
American Tobacco B 99%
Anaconda Copper Mining .... 35
American Radiator & S. 8, ... 24’-
Atchison, T. & S. F .......74%
Auburn Auto ..... 46%
Baldwin Locemptive ...........5%
Baltimore & Ohio .....21’
Bendix Aviation ............ 25’
Bethlehem Steel 56%
Myers (A M.) ............. 23%
Borden. -. 38’
Burroughs Adding Machine .... 324
Canadian Pacific ..........14
Case (J. I.) Co ..........115%
Cerro de Pasco Copper......539
Chesapeake & Ohio ..........593.
Chicago & Northwestern ......41
Chrysler Corporation ..........94%
Coca Cola 93%
Colorado Fuel & Iron .... 89
Columbia Gas ...........16%
Commercial Solvents .... . 32’
Commonwealth & Southern 3
Consolidated Gas ,. . .... 347
Consolidated Oil "... 131
Corn Products ................72’4
Continental Oil ................36
Du Pont...:............ 148%
Electric Power & Light ...... 8°,
Erie Railroad ...........15%
Firestone Tire & Rubber ......31
General Electric .. ........40’
General Foods 33’
Goodrich ..... 19’
Goodyear Tire & Rubber ...., 285
Graham Paige ..... 32
Great Northern pfd.............41
General Motors .............59
Gold Dust ................, 19%
Houston Oil ............. 10’
Howe Sound .......... +. 87
Hudson Motor 16
Inspiration Consolidated Copper 9
International Nickel
International Harvester
International T & T
Kansas City Southern
Kennecott Copper . +
Kresge ...........
Liggett & Myers B .....
Lorillard ..:.....
Mack Trucks ........
Mathieson Alkali .......
Miami Copper ......,
Montgomery Ward ......
Nash Motors .........
National Biscuit .....
National Cash Register
National Dairy Products
LIQUIDATION IN MAY
LOW ERS WHEAT PRICES.
#
02
10
16
06
.01
00
IT
NEW YORK PRODUCE
Bv United Press
NEW YORK Feb 18. Dressed Poultry
Market dull chickens 18@29%c broil-
ers 33 @ 326: fowls 15 0 26 We ducks 200
21e: Lone Island ducks 23e
Live Poultry Market weak geese 100
14e: turkeys 19 427e: roosters lie 1Te:
ducks 12619c: fowls 21 0 246: broilers 14
@23e.
Cheese—Market steady; whole milk fan-
ey 20 # 21e
Butter—Bese pt $15,798 tubs: creamery
382 170’ o 18‘e firsts 37 0
Eyas Deelmt *" 735 cases standards
351*18 “le
National Power & Light ......
New York Central P....
N. Y. N. H. & Hartford -.....
North American ,...............
Northern Pacific .....****...
Ohio Oil .....,................
Packard Motor .........
Pacific Gas & Electric .......
Paramount Publix *.-.-......
Penney ( J. C.) .
Pennsylvania Railroad ..........
Phillips Petroleum .......v.
Public Service of N. J.........
Pullman.................
Pure Oil ............
Radio Corporation of America..
Radio Keith Orpheum .......
Reo Motor ............
Reynolds Tobacco B ...........
Bears Roebuck ............
Shell Union Oil ...............
Simmons Company ...........
Bocony Vacuum ..... *..
Southern Pacific ******
Southern Railway ..............
Standard Brands .....*+.
Standard Gas & Electric **:
Standard Ol of California .....
Standard Oil of Indiana.......
Standard Ou of N J. ........
Studebaker
Texas Corporation ..............
Texas Gulf ................
Timken Roller Bearing ........
moifirensamerics-------------
Union Carbide %.....
United Fruit ..................
Union Pacific .1...............
United Aircraft ........*****
United Corporation .....+......
United Gas Improvement .....
United States Rubber ........
United States Steel ........
Warner Brothers ...............
Western Union ........
Westinghouse Air Brake *****..
Westinghouse Electric ......
Woolworth (F W.) .........
Worthington Pump .....
4%
84
54%
714
4
%
COMMODITY INDEX
CHICAGO PRODUCE
By United Press
CHICAGO. Feb. 18 Liquidation of May @
centreets by uneasy longs led all wheat ‘
futures lower today although the new ne
crop deliveries were supported by buying mi
based on fresh blasts of sub-zero tempera- 81
tures over the Erain belt. 1.4
At the start wheat was We to We lower. CI
corn was unchanged to off Vec cats were Un..=
unchanged. and rye was %he to 846 lower. 201: shipments
By United Press. .
CHICAGO. Feb. 18 —Ergs - Market
steady; receipts 12.251 cases: fresh graded
firsts 33c: extra firsts 32c: current re-
ceipts 31c: dirties 27c: checks 28c.
Butter—Markel firm receipts 11,200
tubs: extra firsts 364036% extras
36%e: firsts 3803870: specials 3790
37%4e standards 36’0: centralized 38 We.
Poultry- Market firm: receipts 3 trucks.
1 car due: ducks 196 23c: reose 18c: spring
chickens 2403Be: hens 180423c: turkers20
(23e: caoons 35 m 21e: leghorn hens 140
19‘e: old roosters le: broilers 21‘@ 30
Cheere—Twins Is’atls’e daisies.15%
giste lenshorns i8-@l0‘e.
Potatoes Supply moderate: practically
ne early trading because of cold weather,
market steady: Idaho Russet Burbanks
$1 900 3 Wisconsin round whites $1,300
140.2.9122.Ar1g5pt--lmanceighge
80 Arrivals 81: on track
NE 5. Feo. 1a.
street s daily weighted
basic commodities. comp
Press (1930-32 average 1
Yesterday ............
Week ago .....:.......
Month ago ............
Year .........1****
1936 ten (February 161
1936 low (January 17) ...
Dan & Brad:
price index of 30
led for the United
—1
L
COTTON FUTURES MOVE
IN NARROW MARGINS.
By United Press.
NEW YORK. Feb 18 The cotton fu-
tures market was in a rut today prices
moving narrowly around the previous close
ing levels
Around noon the list was practically
unchanged near months averaging about
a point lower and distant months about
3 points higher.
There was nothing in the news to pre-
vide incentive for a move in either direc-
tion and the market was purely a pre-
Tessional trading affair.
INSURANCE
VI R
(1871
MDEMING ARINO
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--LEGAL NOTICES
Certificate No 9170 Company No. 10003
BOARD of INSURANCE COMMISSIONERS
OF THE’STATE OF TEXAS
Austin, Texas. February 18, 1936.
To Whom It May Concern
This is to certify that American Stand-
ard Insurance Company Fort Worth,
Texas has according to sworn state-
ment complied with the laws of Texas
as conditions precedent to its doing
business in this state. and I have issued
to said company a Certificate of AN-
uority from this office entitling it to
do business in this st-le for the year
ending February 28 1937
Given under my: hand and my "seal of
office at Austin, Texas, the date firet
i above written
R L DANIEL Chairman of the Board.
Y 0
11
To Our Policyholders and the Public:
The Company is pleased to present this Sixty-Fifth Anniversary
report of its stewardship.
The accompanying statement shows its present financial condition- .
stronger than ever before in the Company’s history. Increase in insur-
ance in force during the year of over $20,000,000 brought the total amount
in force as of December 31, 1935 to $416,937,602.
Assets were increased by over $4,500,000. The average rate of interest
earned on investments during the year was 4.54%. Over $370,000 was
added to surplus.
Payments to policyholders and beneficiaries, including policy loan
advances, amounted to $8,057,425.
Legal reserves were increased by $3,745,628. In addition to special
contingency reserves of $4,200,000, capital and surplus amounting to
$11,257,119.72 afford an extraordinary margin of security to the Com-
pany’s policyholders.
January 29, 1936.
BRADFORD H. WALKER, President
FINANCIAL CONDITION, December 31, 1935
ASSETS
(ash on Hand and in Banks s 2,171,624.99
United States Government Bonds 8,240,988.72*
Home Owners’ Loan and Federal
Farm Mortgage Corporation
Bonds_________2,086,900.00
Canadian Government Bonds . 626,153.20
State, Municipal and County
Bonds------8.547,390.93
Public Utility Bonds___________L 7,296,034.66
Railroad Bonds.4.035,549.20
Industrial and other Bonds -... 905,877.77
Stocks __________-..-...........2,520,928.36
Mortgage Loans on Real Estate.... 28,356,938.68
Including #296,594.25 Leone on
Farm Properties
Real Estate ....__________1,808,492.86
(sed and/or held for Home Once
Purposes
Real Estate________... 6,724,052.96
AS , "oredlrre of Mert
Loans to Policyholders . 7,474,514.96
MM by eOWun Value of they
Interest Due and Accrued 1,193,693.88
On Investment and Policy Leans
Installments, not yet due, of our
gent year’s premiums, premiums .
in course of collection and pre-
miums extended - secured by
Policy Reserve.----------1,143,424.72
Other Assets--------------------9,751.61
TOTa Apurrne Assars--$83,142.317.50
LIABILITIES
Policy Reserves
Being the amount which, together
wwh future preminma and interest
will pay all policy claims as they
mature This u known as "legal
reserve.”
. $66,051,938.51
Reserve for Policy Claims
Clasm, in course of settlement and
reserve for clarin inc urred but not
exported to the Company at the
close of the year
Premiums and Interest Paid in
Advance -.-----.------------___
Reserve for Taxes Commissions.
Expenses, and all other Liabili.
ties___...
Special Contingency Reserves
For poanhie debeciation at assets
- and tosubln.ercose mortality 2
Special Reserve for other Contin-
geneies ------___
I apital Stock ... _______
Surplus
TOTAL
SUMMARY for 1935
Gross Income. ......$ 17,899.401.14 s
Premium Income. .7. . . . $ 13,376,965.43 0
Assets.............5 83,142,317.50 %
Insurance in Force .7. $416,937,602.00 1
Capital, Surplus, and Contingency
Reserves,.....
Total Payments Under Policy Con-
• 15,457,119.72
tracts Since Organization $102,952,806.24
420,556.04
611,455.24
601.247.99
4.000,000.00
200.000.00
5.000,000.00
6,257,119.72
$83,142,317.50
Home Office
Richmond, Va.
For Agency Proposition— onnounic ate with
J. Harry Wynne, Manager
Phone 3-1223, w. T. Waggoner Bldg., Fort Worth, Texas
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Sheldon, Seward R. The Fort Worth Press (Fort Worth, Tex.), Vol. 15, No. 119, Ed. 1 Tuesday, February 18, 1936, newspaper, February 18, 1936; Fort Worth, Texas. (https://texashistory.unt.edu/ark:/67531/metapth1672581/m1/9/: accessed July 16, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting Fort Worth Public Library.