| Show T Indu trial 1 Quotations I Minute Up r I 1 Finance 1 Mining Stocks From M Bonds News From MIRe Mines I and Oil 01 World AH All the 1 SHOWS STRIDES MADE IN OUTPUT T OF OF- OIL IN U US S. S Motors Consume Great GreatS S S Y ti 1 Quantities of I Gasoline f 1 r. r t Vs York AUK Aug Aus 15 At At a dinner Sh 5 c ci i b by II n. F. F Sinclair at nt tho Waldorf- Waldorf Astoria torla a few rew ew days a aco ao o to some financial finan inan- of or eta cial Interests to Introduce a part his expanding oil oU staff an and a part of ot 01 tho oil facts that thit are packed within their 01 craniums much statistical Information of ot It information Information mation was given Riven some I tion Standard OH OU has always maintained main main- ton tamed should be Oi one of the thc secrets of the business Some things s said however how how- I ever el should hould be noted Mark I L. L I. I Roqua sho showed shoed ed that moro I than OO products were made from petroleum and that the thc extension lon of ot I the cracking process must be relied upon to meet the thc gasoline demand demant of I. I worlds world's the thc of tic the future two thirds Petroleum Is produced and consumed I S in fl the United States and 90 per cent I of ot all the automobiles arc aie in the United 1 nl There must be produced In the United Sta States tes barrels a year rear from rom nc new production to take the place I of declining areas and there must be I t produced another barrels barrs of ot S production to meet increasing demand I 1 t In Jn In 1895 total production In the United I States was only in 1910 a l OO barrels and in 1918 3 s OO barrels hut but consumption in 1918 barrels In 1911 at was ns Uli t time of ot dissolution of Standard Oil 0 a was consumption pan on total i p c Senator Owen Own called cled attention to the thc s way England backs up her forel foreign n p and to trade with banks and mono money back English trade kept the tho discount i market rn all al through the tho war well wel below it t the Itself paid on the rate government o its loans loans I a L llam C. C C Durant declared the mo mo- mow v w llam C tor Industry of this country countr Is based upon tori the oil 0 Industry General Motors company compan Is now flOW producing motors mo- mo tors lors a a. year ear and he estimated that would consume on the average average av av- av- av ever every motor cra e two gallons ns al' of ot gasoline a n day ilay a total certainty o of not not- lesa than gallons a da day or gallons alons 00 cars he hc said i a year Within twenty t years will be motors ope operating rat rat- there ii ing ingin in ln wil the United States or three times Limes present number These motors will wil re require re- re of oC quire sixty times Imes present capacity Sinclair Oil company Therefore no nobody no- no body tody need Le oo c alarmed over O Sinclair expansion The danger dancer Is In motor ex expansion ex- ex ahe ahead d of ot oil 01 expansion In the country 0 01 Wool Summary I r 0 0 Host on Atie ni 1 15 The Te The Co Commercial to- to t will a row nn w nay jr n J 5 ha lis shown Mn I f of or In Increasing this w week wei k sod and price riel are are arc Tory Tery er firm firmI I mi all sli al era 4 PH 1 The Te shown In the l ln 10 n- n j section auction J with Uh lIl f wools nII Ix offered oferd to In have been In this thIM market are nrc ort finding a s tron tron demand for tor 1 hut sr ar arc tili 11 rUn discreetly present commitments anti III In mo mt inot t eases cures MC K I for th the season IAD Jr les In proportion r to tn previous purchase purchase- mr more or UI orha rUttle- rUttle wool rl has 11 been bought In thu west this k J r 1 k e a- ban batis e Texas fine Cne 1 12 mouths month Jih S months California U Coria northern ie 1 1 middle county 1 1 z Oregon Orron eastern Nurr No 1 1 J. J staple I ea tAtern tern S valley No o. o 1 1 10 Territory LInt fine tai 1111 l J half MoM 8 2 l I H r fIru 1 J CO fine Cue medium Il I d extra utra li nO AV tt 1 A tuN lM best combing G Ue beat lat t C carding U CO C. C I r. r Mining I Notes J v. v c. c According to reports from rom Alta the In cave In c of a slope stolle In the tho property o of South He Hecla la property was as not a as Ig serious s-serious riou as at first expected and the t I miners are catching up with with the work I G. G H. H I. I Watson ahon manager of the property is' is at at the camp looking looking- after the work It It- ItIs Iti I Is said salt that the property Is shipping In the neighborhood o of fifty ly tons lons of ore a l day I Sol oI Snyder has gone Jonc to Alta la Alta I to look after fter fer the work that Is being being carried on at the West Vest st Toledo preparatory to starting up the property A The he foundations are arc in and the machinery machinery ma ma- chinery Is on the ground at the Jib mining property In Montana re ready d for Installation according to E. E W SV Grit Grif- The pumping operations have ha been quite successful and it I Is declared that all nl the rica Hen ore bodies are arc now accessible According to Denver Den a report has been received recel from Washington that the bill bi doln doing iway tway with assessment work orl for 1919 which passed the I House ouse has lias been acted upon favorably by the Senate It It In is now on its Ils wa way to the President f for r his signature It I Is Und un- un d d that tha the bill hi will wi only oily apply appl to to five fIte fl e claims owned oried br or held by an w Individual ual or company compan J The report of Ua Ray flay Consolidated for forthe forthe or orthe the three months ended June 30 shows net pr profit h before Core dividends of Allowing th the dividend of dl here Is a deficit of Production tion Ion for the quarter amounted to 11 pounds of ot copper compared with 1 three months be before re Tho report says In part Iii In p addition additon to copper derived from concentrating ores there thero was wa 83 pounds of or copper c contained in ores sent direct t to the smelter making the total gr gross SI s production 1 pounds compared with pounds for or th the previous q quarter arter During Durin the quarter there were milled 1500 1600 dry tons averaging 1 I 27 per peront ent ont copper This tonnage corresponds to toa a dally daily dall' dall average e o of or tons as compared compared com corn pared with 48 tons for the first wit ter ler The he mill mil extraction for the ter was per c cent nt of the total cope cop per contained In concentrating ores a as Compared with per cent for the previous quarter The average crage cost per pound of or all allnet net copper produced for the quarter al way wag 1 cents I f 1 1 I I t 1 t I a l s t a i p s p it t NOTHING WRONG SAY BROKERS and I Declare Manipulation am N News e es e's s Br Broke ke Bi Big b Market By l- l IT ir Ti rt n Smoot Co Private Wire New Xe York Aug Au 15 WIth With price fluctuations flue flue- to displaying sensitiveness senatorial action regarding the lea league Uc of or nations treaty treat the stock market marke waiting attitude The has hn taken a public who two weeks ago aso wore wre ar ardent ardent ar- ar ardent dent bulls buls and bought securities without without with with- wih- wih out having ha given need hood to tn intrinsic intrinsic- Intrinsic values are He to today a sitting listless entirely en entirely N en- overlooking o th the very cry opportunities ties that two weeks ago ogo they sought Nothing tes ot hn has happened ned to the fundamentals fonda funda of the nation naton Industrial activity ac activity nc- nc must be on an Increasing ever c scale cal labor adjustments will wil bo made constructive minds arc are at nt work In Inal all al directions The break brek In security less titan than thana titana values was nothing more moro or a n raid There Thre l i Is no reason to be bt given sIen wh why such stocks a as Southern Pacific with n a book value of upwards of should be quoted around 95 95 Yet the psychology c of o the situation has its IR Flood th the country with wih depressing news and ane the public becomes blinded to o opportunities Hack flack In February golden solden opportunities ties ies tes were o cd It I was the big Interests who started the big advance arul at a time when business conditions seemed ip it im for or a long sl se of Inertia The reason for Cor starting the rise was that hat sonic some stocks were offering as high hIghs as I s 20 O per cent on the Investment And it t mu must t be remembered remember c that thal a n large percentage percenta e of or stocks bou bought ht then are arc till still sti held h by the hl big Interests Interests To take Profits would mean that the government So ern govern ment would woul get ret a large part of ot th the profits and most holders arc unwilling to o l let t go Jo Manipulation has ha been ben going on I a L v w flU a 11 I CI U J c. c who ho have o opened up accounts In relatives relatives relatives' rel rel- I names and sold short shor In th these s accounts With the first signs of oC weakening the tho public bec became mc alarmed and cast their holdings overboard giving giving ing impetus to the thc selling move until prices broke almost frantically frantically- The selling pressure pressur seems to be over o now The technical position of ot the market Is decidedly Improved and arid andI it I must be remembered that a profit Is not an nl actual profit profi With Ih the return of ot buying power and a more optimistic t feeling which are sure to come the shorts will wil rush to cover and the upward move mo will wil be as ns pronounced pronounced pronounced pro pro- as was the decline We e believe it a time to exercise dl dis discrimination dis- dis crimination and ant to buy the bel bettor better r class of securities for or the long pull pulL pulL- I I j E g. 1 F. F Hutton Co SA SAN CISCO OTO Tl Harld harold fl n. n mt compan 5 13 E South furnish the following Temple S I SI I It 1 Booth I Mon Ion I l x 1 1 i 4 S 5 mu ln S I 3 Montana 1 1 I C. C o. o u. u S Ex Es 1 Ii r I-r S 5 7 North star tr 7 9 I 2 I IS 19 13 Ills n 11 n B 1 I x Con 16 f 4 l lx x I 1 13 hills S 5 X Ills 11 StAr I. I 7 Ronnal 1 30 35 I 4 6 Nellie ele I S II I 7 X 5 1 61 h ha inas a 4 I S l llo ITI 1 I 15 Great 1 3 I 4 11 hula 11 lori I 3 4 i 1 1 2 3 Hoh I I. I Dexter HII iS i l Con COD i 5 2 1 Cr Pt It 5 Wb bite Ie J 1 20 1 1 71 Zone 47 4 U IS Jck S 5 C I f. f h 10 I 5 11 DIr 0 Es Ix 9 I. I 5 In I i I I. I Jim Butler nuter I 0 lemon liO j. j I. I OIL II STOCKS T The Harold Ihrl R. R n Co C. C 25 1 K South Temple furnish the follow nc I Amu i iY I ri Y I 2 Ics Ice liO- liO 1140 Jut Pipe i 2 O 3 P. P 40 5 liler 3 e NI 13 ticu IC I io II tI Jf Che 1310 o 01 OIl 3 I Sw L 3 I. I J 91 1 t I. I I. I f I f v I U I i i O lU I 0 us I hy Ky IS G I. I li III 10 0 Neb eb Ir 35 Illinois J 7 I o 0 X r J o iio indiana lipo 10 O lO Iv S 0 Y 3 I lre S 1 11 1 0 Ohio 1 at lt I 2 I Sw inch 3 1 9 9 S i- i 1153 1185 Tank I Sor nr lIpe IH ITS II 1435 t ItO HO thia Oil Oi 36 ashington J U 43 J I 4 Inn can Mex Ix I j 7 I 75 I I I 4 The n n. n Smoot company 25 E. E South furnish Conish the tue following I I IIII Aris 34 J Co 64 4 St. TO 5 III noton 0 3 I 4 Cal JIZ lr 74 I. I 5 I sup up Cp Copper r I S 8 Cal Cil 0 c 40 JI Lake J 3 West tt 2 3 Uth J 30 35 ast 19 1 3 1 n Iun IIII 3 34 I 4 I 3 34 3 S f I 4 4 Arx S 1 3 Bute I I 15 16 4 O Oreo f l tac i co r Utah Con Cn- Cn 10 tl 1 Quincy i i 7 I I 63 nl Ij 1179 holon I I 3 1 t 3 1 Ii 4 cunn The 1111 H. H m t Co 35 E. E fouth Ter Ill I'll- tie tit 1111 I I A 4 si mn 5 Un lon Bo-lon EI 3 1 T Douas 6 35 50 It H. IS 22 IS Cornella I i 2 z 35 Z lal H rl B 2 hlo I 4 1 I 65 5 Chief Cons Es' Es Co U 41 II Copper 6 6 1 c Jerome Verde Me J 75 I 90 t l 24 t I M 90 pp I 5 9 6 nul I 9 1 10 i Cp p I 6 7 v I k n it n. n it I 1 ron Cop C I i Hon 1 I 1 ItI I 11 I ILO 1 LO LOAL AL J. J A. A nolo C. C C. C tb tle nAK bOCKS ii liP 1 nr nor n It 16 1264 I. I Colum Clum Ti T 1 t Cy Cr Uk Ilk lies II 1 I. I cat 11 Cop COn Des Dr f 2 Ut St t Nat I HI 1 l lit t at U uz y It f I Ii McC 6 CO I las sa Sn I. I I Jl J T Amal I Coal Cern See c 1116 1 illS t tO Ol SM Cen Wn We iio 1 I ut t lr I 1 Cn JIre ml Cost 5 Ut r I IC S I L Lion Ceal I 7 Clay 97 7 r A k TI 97 r O 7 C 51 I 1 I 1 BONDI rInn Cost Aal 61 61 It 1 J. J I 4 74 I. I S I I. I tt St Ex si 1 90 l I. I I Ot 4 63 e 41 ot I 92 U tt tan l n Coal a L 6 6 S 93 L. L G C C 61 61 s I 1 1 50 S COTTON KT New e York Au Auy Au l 15 Cotton closed 45 S points last lart night final Sf t quid 31 nw U n opened stealy traIl I 2070 30 Stay May clo October r. r March M December r. r 10 January Januar y 0 JOM os M March h. h SUGAR MARIET ET New cw York u Aug IS Washington Senate has voted fa favorably fa- fa a- a to Investigate In the tho coal CO costs I situation News 0 v p 0 l I TICKER NEWS 1 By the Harold Harol R. R n Smoot Co Wire It I may be that the public er interests I And willingness to take on stocks Is nd merel merely slumbering during a n mIdsummer mer term If 1 so so the bear party part which Is selling the market short ma may ultimately ultimately ulti ulti- match find itself in a a trap hap As faras far faras for foras as this week is con concerned however howe L there thero ha has been little power In itt the market market mar mar- ket and some ome bl bir bull bul operators who I took commitments on tho breaks sold ut out yesterday at a a loss I. E. E F. F Hutton Co Chalmers AllIs-Chalmers common stock Is be beIns being being be- be ing Ins Chalmer made tho subject o of bearish discussion discussion dis dis- in active market circles There Thera Is reported to be a weak long Ions IonS account endeavoring to reduce lines Humors are current that a a pool Is In a n vulnerable vulnerable able ablo position because of or readjustment of ot bank loans Professional operators nr are arc talking of oC a drive at ot the stock In Inthis Inthis Inthis this connection have been heen circulating circulating cir clr- In the past ten en da days to the tho I effect that considerable criticism I Is I being directed towards tho the manage manage- ment's ments financial policies followed latel lately Ilent and It I Is apparent that there should I have havo bc been n greater conservation o of re re- re sources Specialist gossip hints of loss toT orders rs for bull bul account under the ruling rul rul- ort lag ing level of or prices N New w York News rUl 1 Sinclair Consolidated plan arrangements arrange arrange- I ments meats are arc being sounded out for tho the beinS et I creation creaton of a broad and comprehensive plan whereby the Sinclair Con Consolidated I corporation of New York will w l become the operating as well wel as the holding company for the Sinclair Oil 01 I ini corporation and the Sinclair Gulf Gul corporation While no definite details arc are yet obtainable It Is learned learne that I the tho plans now being beng evolved will wi call callor for or raising of a very lan large c sum of ot money being being estimated at from 50 0 Co to Dow Dow Dow Jones Joncs The Time directors o of the Stromberg Carburetor Carburetor Car Cr- company compan have declared tho the usual quarterly dividend of or Jl 1 a share payable October 1 to stock tock of ot record of September 17 Ii There has been a good deal eal of or pool manipulation lately Inel and It I is Intimated that most of the bullish activities were rallies on tho the shorts engineered b by pools trying to get set from under Street sentiment Is becoming more bearish and bolder predictions o of much lower prices arc are now appearing In cir clr circles les which have been een unfriendly to the market for some time past but bUl who is-ho were uncertain as ns to the rallying nr iau J In C A.-C- A. A C. C M. M t A. A M. M SAT i. S. S A. A T. T T. T T A. A G. G W. W W C. C R. R U. U P. P Z and S. S T. T U. U U.- U. News West est Co We e We believe e bele that now Is I the darkest hour o of the tile railroads and I that courage e In buying buln their shares with wih well wel protected |
