Casper Daily Tribune Newspaper, September 21, 1918, Page 3

THE CASPER DAILY a TRIRUNE SCARCITY OF MONEY THROTTLES STOCK MARKET Price Level on Sound Foundation and General Advance in Fu- ture, Predicted by Otis - and Company By OTIS & COMPANY. Financial authorities today express the opinion that the stock market has already begun to discount the suc- cessful ending of the war. Believing as we ali do that the Allies will be victorious eventually, the question naturally arises as to why the mar- ket has not advanced more. The answer is, of course, the scarcity of money, which limits the purchases of securities. The money market is entirely different from any hereto- fore, just as the market for all other commodities is different. Sugar is scarce. In the past, that scarcity would have been corrected by an advance im price to a point where consumption would have de- creased. Instead gf that normal working out of the old law of supply and demand, the government steps in, controls its distribution to actual! necessity and limits the price. Today the sanie situation really obtains as to money. Heretofore a scarcity meant high interest rates and a curtailment of its use by an advance to such avrate that only a few could afford to borrow it. In such times, to secure funds it was only necessary to increase the bid. If money could not be obtained eat one rate, the borrower had only to raise his bid and he would get it. To- day the loaning of money for a non- essential purpose on account of the high rate offered would justly be classed as ‘profiteering,’ and is ac- tually prevented by both patriotism and public opinion. In effect, the dis- tribution of meney is controlled and its use limited to purposes absolutely essential to war. By this method and by the con- tinuous sale to the banks of United States certificates of indebtedness, it seems that the financing of the next Liberty loan has been very largely taken care of and at the same time advances in the prices of securities have been restrained. We, therefore, believe that the stock market is ade- quately and strongly financed at its present level, and that the Fourth Liberty loan will not cause any gen- eral decline. The largest advances. in prices have taken place in those securities which were directly affected by the prog- ress of the war. For instance, take the city of Paris 69¢s due 1921. On July 1, when the German army was moving toward Paris at a rather rapid rate, these bonds sold at 82%, yield- ing about 13%. This yield was so far above the current reie that the price reflected doubt as to the imme- diate results on the western battle front. Since then this doubt has been largely removed, and these bonds have advanced to 95, yielding about 7.90%. Other instances of this char- acter emphasize in our minds the be- lief that everyone is certain of an eventual victory and that the prices of securities are being held down not { QESPITE SUCCESS i due to the United States will give to | this country an investing power | greater than the world has ever seen| one nation possess. It seems to us that the importance of this changed | international financial condition of | the United tSates in its bearing upon | the domestic money situation has really never been appreciated. Our conclusions from all of this' are as follows: Eliminating the stocks | of those companies whose business is | exclusively of a war character, we! believe: | First: That the present market level is on a sound foundation and that no severe general decline can be expected. Second: As soon as those who have or control money can see the ending of the war that they can look for- | ward to a reduction of the present government demands, money will be- | come easier and a large general ad- vance in the general price of safe conservative securities is hound to| come, | Woman Gives Soda Fountain for Tars'| By ARTHUR E. MANN (United Press Staff Correspondent.) LONDON, Aug. 22. By Mail.)— For a sailor in the American navy 8,000 miles and more from home, in a land where the Yankee soda foun-| tain doesn’t grow except in a few so-| called “American” stores in London, | shore leave at a certain Irish port was a melancholy affair. | Some such vision as this must have come to Mrs. Henry R. Rae, an} American woman, when she gave $1,000 to the navy to be spent in} adding to the comfort of the sailors | at the port in question. After much! official correspondence between the | American naval headquarters at Lon- | ican commander at the Irish port and/ Mrs. Rae, it was finally decided to} purchase a soda fountain for the} shore rest station. | The result is that the camp now possesses one marble-topned, 6-foot fountain with gas-making machine and the remains of 63 gallons of | strawberry syrup, 32 of raspberry, | 31 of pineapple, 14 of cocoa paste, jand 6,000 pounds of granulated LARAMIE BASIN HAS PROSPECTS Vildcat Stage Passed in Develop-| | ment of Rock River District | by Ohio Company The Laramie Basin country is) by any war doubt, but only by money | promising to become a great oil sec- conditions. The government has been|tion. Opened up by the Ohio Oil, and is ealling upon the banks for company in the early spring when about $50,000,000 per day, and as}they brot in the first well in the long as that advance exists we do not|Rock River district, it has climbed, believe there ean be any very large advance in the market. At this point some consideration in a gereral way of the present condi- tion of the companies whose securi ties are generally dealt in is perti- nent. Regarding the railroads, whose property could not be adequately maintained under the old laws, the present general recognition of the absolutely essential character of their service promises for them fairer treatment than has been accorded in the past, This is strikingly shown by the announced program of the U. 8. Railroad Administration which <¢ ills for the expenditure of nearly $1,000 000,000 for betterments and equip- ments. Puble utilities are in very mucl the same situation as the railroad essential character of their ser- vice has been demonstrated, and the public has learned that they must not be perntitted to break down. The change in the financial con- dition of many of the industrials in the past four years has been feally wonderful. Many of them have been making very large profits and dis- tributing only a small part of it in) dividends, placing themselves in a very strong financial stronger than many managements in the past ever dreamed of attaining. it is well known that many of these companies,. whose common — stocks were formerly generally deemed practically all water, have earned and put back in the business in the past four years amounts equal to—in some cases exceeding—the present selling price of their common. stocks. With respect to the future of the money market, one very important factor should be mentioned. Today the United States in its bearing upon and will be receiving instead of pay- ing interest. In addition to the ex- cess of our exports over our imports, this nontradal international ineome Phone 271-J. position— | \from a mere wildcat district with only ‘a possibility of oil being found to M a real oil field such as is rivaling any other in the state as far as pres-| lent work and future prospects go. | | The wells are going down all over the country, in many“Piaces where \the operators have made locations |against the predictions of experienced | |drillers and geologists and in one place in particular the location was made because a member of the com-| \pany dreamed that oil would be found there. | ! The Laramie Basin country takes lin a great stretch of territory which includes a part of the Red Desert \lying south of Casper. The red for- |mations which go to make up the | Red Desert are closely associated with cil in Wyoming and not only in he southern part but in the north- rn fields also. The Warm Springs land other fields of Hot Springs ;county are located in the great red }beds and other fields of the Big |Horn basin are also in the same or telse closely, situated to it The Big Study te rnine: Jay tate. beer LOry, OF American Expeditionary Forces, ac- cording to announcement Just re-| is the Salt Creek field but these two are practically the only Wyoming fields which are not. — 1B: PARIS, Au (By Mail.) —The little peaked service caps worn by American soldiers have set the fash- ion among Parisian girls. ny are |appearing on the boulevards with lexact copies of the Yank “overseas cap,” even down té the lieutenant’s or captain’s bars worn on the front | of the headgear. coe UFR List your property with us. The \Security Loan Company, Room 4. Kimball Bldg. 9-11-t£ Look at your doors ard windows | and see the necessity of having All- metal Weatherstrip. No job too small or too large. We do them ‘ ; 9-17-t i ’ : Today’s Quotations Furnished OTIS & COMPANY., Ground Floor Oil Exchange Bldg. eee TIE SIDING BOY MISSING, AMONG U3. CASUALTIES Montana Losses Predominate To- day; Total Losses, With Ex- leption of Slightly Wound- ed, Climb to 32,400 Clarence M. George of Tie Siding, don, the navy department, the Amer-| Wyo., is listed as missing in today’s |ther light on assassii casualt list from Washington. Mon- tana casualties still predominate in | the list for this district. The following casualties are re- ported by the commanding general of the American Pxpeditionary Forces: Killed in action - 45 Missing in action 108 Wounded Severely — -- 99 Died of wounds_ ria ss Died of disease__ 5 Wounded slightly ~_- pS | Died of accident and other Catikes Seos0 Get ees 7 Wotakrese ven Sees ann 218) Killed in Action James Brown, Sand Point, Idaho. Roy Crader, Craig, Colo. Albert W. Dewitt, Moore, Mont. Died of Wounds Caleb O. Nistrum, Havre, Mont. Missing in Action Clarence M. George, Tie Siding, Wyo. Irvin C. Franklin, Bercall, Mont. Joseph H. Haegle, Terry, Mont. Arthur Johnson, Oswero, Mont. William E. Blackburn, Durango, Colo. Mgnt: sity, Farl L. Graves, Livingston, Mont. Harry E. Cook, Miles City, Morton G. Gilbert, Miles ont. Frederick L. Junge, Rosebud, Mont. Joseph M. Kalberg, Glendive, Mont. Clifford Young, Miles City, Mont. Total number of casualties to date including those reported above: Killed in action (ineluding at sea) Died of wounds_ Died of disease____---_- Died of accident and other causes —__-~ - 852 Wounded in action_ -17,458 Missing in action (includ- ing prisoners) ~------ 4,482 Total - NEW HOSPITAL READY [Sy United Press] PARIS, Aug. 14. (By Mail.) — Red Cross Military Hos- 7 has been completed at and turned over to the ceived from Red Cross headquarters in Paris. The hospital, which began operations with about 600 beds, is | near Plessy-Robinson, about six miles | from Paris. The well known Red Cross Cha- teau Hachette sanatorium is con- nected with this hospital and to meet} the needs of the army medical corps will be diverted from its origina! pur- poses and made part of this military institution. The sanatorium in addi- tion to its permanent buildings has an equipment of 150 portable houses leeated ideally in a park designed to be a model French garden city, but loaned to the Red Cross for the du- ration of the war. este haben AE SEER, Have Allmetal Weatherstrips in- stalled at once. Save 20 to 40 per cent on your coal bill. Phone 271-J. 9-17-tf Z IN FINLAND IS AEG GORE SOA a et 6} Ss Bi Ack. Aimer n % ‘o BROT T0 LIGHT -003 OL Bessemer ~~ Ue -06 en tg 15 17 jac! ear. .08 . : . Big Indian 115 roe Combined Operations of Bol- Big Five _ 019 ‘02 | shevik and German Intelli- Columbine .07 08 gence Bureaus Explains Cente __-__ 00% 01 Fate of Vassal Nation Cons. 57 -60 -17 BO |. 25 250 sa at? Ansociated Press.} Glenrock Oil _ $,00.< \.8.25 |. WASHINGTON,” Sept 21-—Bow Helca-Wyo. 00% .008 the iron hand of the German general Jupiter 023 .03% stat? was extended into Finland thru Glenhurst = .07 -10 |the German-paid Russian Bolshevik Kinney me -63 .66 | government is pictured in today’s in- Merritt - 18.00 20.00 |stallment of secret documents brot Midwest Com __ 90 .92 |out of Russia for the American gov- Midwest Ref.... 105.00 107.00 |ernment: There also are some per- Midway -. = 015 .02% | emptory notes from the German mil- Northwest va 43 -47 |itary intelligence service to Trotsky, Out west™ O14 .02|the Bolsheviki foreign minister, tell- Pahtfinder 3 07 .08 |ing more of the story of the sup- Premier __ os 02 -03 | pression of revolutionary propaganda Republic Pet. .. 02 .03 |in Russian provinces after it had Riverton Re. _-_ 10 -12 | played its part in throwing the prov- Shiloh —__ 01 -014 |inces into German control. United Pet —-__ 05 07 When the Bolsheviki were slow Wyo. Blackfoot 004 .063 | about opening the way for complete Western Ex.--- -70 -80 |sway for their masters in- Finland, Wind River Ref. “14 15 |the German intelligence service had CONE oo. 26 B0 i‘the honor” to remind them that the Wind River Pet._ 19 .20 {withdrawal and disarming of the Russian Red guard in Finland must be commenced immediately. Further- more, the Russian’ agents were di- rected to send to Finland a trusty agent to deal with Yarvo Haapalain- en, chief of the Finnish White guard who was disposed to be loyal to his country. This, Edgar Sisson, who pro- cured the documents, explains in a note, accounts for the sudden with- irawal of the Red guard last March, leaving Finland to her fate. Some of the Russians resisted disarmament but they were beaten. A series of curt orders from the intelligence service to Trotzky calls for the removal of all agitators from the Ukraine, Estland, Lithva and Courland, and for the restoration of rights and property to German Iand- lord who had been declared outlaw- ed in Estland. Other communications throw fur- tion compacts between the Bolsheviki and anar- chists, which have figured in earlier chapters of the series. A list of an- archists hired as “agents for the de- struction of counter revolutionists,” Wounded Women Back in Blighty LONDON, Aug. 18. (By Mail.) — Wounded women are returning from France. Waacs, ambulance drivers and nurses, altho kept out of range of guns as much as possible, are unable to be in the lands of war without occasionally coming into harm’s way. At a special performance given for the wounded at the Lyceum theater a number of wounded Waacs took! their places quietly among the men, but in spite of their unobtrusive en- trance they were “spotted” by the boys, who sent up a series of whole- hearted and wild cheers. The “bluebovs” complain bitterly that the Waacs have no outward sign to show that they are on “wounded” leave. The soldiers who have them- selves been “out there” and know just what the women have been thru are demanding hospital blue for the wounded Waacs, or at least a blue armlet, so that passers-by shall know wny the Waacs are on leave. HE MEN IN CLASS Al A sound, healthy man is never a back number. A man can be as vig- orous and able at sevent at twen- ty. Condition, not years, puts you in the diseard. A system weakened by overwork and careless living brings old age prematurely. The bodily funetions are impaired and unpleas- ant symptons appear, The weak spot is generally the kidneys. Keep them clean and in proper working condi- tion and you will generally find your- self in Class Al. Take GOLD MED-) includes several characters of inter- national notoriety. ee Ore ee SO Casper Churches Methodist Episcopal J, J. Giblin, Minister. Sunday school, 19:00- Classes for i Morning worship, 11:00 a. m. Ser- mon by the pastor. Theme, “Babes in Christ,” or the “Spiritual Imma- ture.” Epworth League, 7:30. All mem- bers of the league are urged to be present. Evening worship, 8:30. Sermon by the Rev. I, W. Kingsley of Chey- enne. Subject, “Every Man to His Task.” The many friends of Mr. Kingsley will be glad for this opportunity to hear him again. Special music by the choir at both services. Professor Lundberg will be the soloist at the morning hour. First Baptist R. H. Moorman, Pastor. Sunday school, 10 o’clock. Two new classes, one for high chool girls and another for high school boys, have been organized. Morning service, 11 o'clock. | Subject—Echoes from the State Convention.” | Men's Fellowship class, 7 o’clock. Evening service, 8 o’clock. Sub- \ject, “Shall We Strive to Get Even | with our Enemies?” Our aim is to make our services) profitable. All are made welcome. | THE SALVATION ARMY | Capt. and Mrs. Pitt, Officers | Sunday services at the hall as fol- ‘lows:: Holiness, 11 a. m.; Sunday- School, 2:30 p. m.; Old-Time Relig- lion, 8 p.m. Mr. H. G. Ross, a stu- dent for the ministry, will preach at} the night service. Everybedy cor- dially invited. Sodetreeatontectotpetengeatoatecp eet | } First Presbyterian | Delaware and Durbin streets, Wal-| ‘ter H. Bradley, Minister. Tomorrow at 11 o’clock the pastor |will speak on “Hidden Springs of | Strength” and at 7:30 p, m. on “The Grace of Forgiveness. A Christian | Endeavor society has been organized} and will met at 6:30 p. m. In the morning the choir will sing) Schnecker’s “Sing Alleluia Forth" and Hensely‘s “Hark, Hark My Soul’, and in the evening Dr. Thomas will sing a solo. Trinity Lutheran Pine and Cunningham, J. H. Gock. el, Pastor. | | Sunday school begins at 9:30.) | There is still an opportunity for your \child to join one of the classes. Morning service begins at 10: The text for the sermon will be Luke} {14, 1-6. } Evening services commence at 7:30. | You are welcome to attend any and) jail of these services- | 4 w on hactes On sha sn che reso eeie oases toni See & iM oa Richards Clothing for Men and Boys Mm + 1M + 1% Me + hegoctoateeg iM o-efo-| + 1% + ogo! ot! 1% - |AL Haarlem Oil Capsules periodical-| semanas sere rea mee eS WE SUGGEST on account of car shortage and Government Needs STORE COAL NOW CASPER SUPPLY CO. LUMP $8.55 Per Ton BUY WAR STVINGS STAMPS On Oe Me Sacte gis Se eon ca Sods bo bade be eden cnc 6 HSo-ege-ato- eho efe-ofe efecto choco af ole efoeto-efo-afe- PAPO HP AP Hip tio tho ao ae to alo eho ae ahe ao ihe ao ate she o-eteoe- Think Richards & Cunningham When You Want the Best SATURDAY, SEPT. 21, f £ MEDAL Haarlem Oil Capsules. They are made of the pure, original, im- ported Haarlem Oil—the kind your great-grandmather used, Two cap- sules each day will keep you toned up and feeling fine. Money refund- ed if they do not help you. Remem- ber to « for the imported GOLD MEDAL Brand. In three sizes, seal- ed packages.—Adv. RIVERTON WYOMING ly and your system will always be in working order- Your spirits will be enlivened, your muscles supple, your mind active, and your body ca- pable of hard work. Don’t wait until you have been rejected. Commence to be a first- class man now. Go to your drug- gist at once. Get a trial box of GOLD in the logical and actual center of oil develop- ment in Fremont County. Things are humming at the present time and indications are that they will continue and increase. If you have business in Fremont County make RIVERTON your headquarters. Good roads to all fields, and you will be taken care of in every respect while a guest in that live town. For any information you may desire look up J. F. Botsford, Secretary of the Riverton Commercial Club. —wAOUs— Phone 913 a °, % o, oe & Cunningham Co. oo, K? oe, + o, ° $+, *, + KP rie, We have the largest and most com- plete stock Fall and Winter Clothing in Casper Men and 3oys and are prepared to fit all of them at prices that are right. Call and see for yourselves. HATS and CAPS We never had Boy M 2, of , oe toes ? *rate-ai + 2, + ae uch a nifty line of Headwear, if %, oy 8 so and ofa new I t or Cap 0, + for Fall or W call UNDERWEAR We have all styles and qualities of Men s well as 2%, aa Sea o and be cor and prices ¢ 0, * ox Po sheet oot + nd Boys now tw nd wool, featuring a Special > celebrated LEWIS ranging in prices uit and have , Slims, and regular Underwear f« im Union Suits in t now %, iece o, osted + + rth cottor garments o, al ¢, ING, VIZ UNION SUI from $3 them in s 2 io, Pee, riots + io on ode ro the che shoes er Trunks, Suit Cases and Traveling Bags shipment of zs Bags, and Suit tock complete. ». If you are s line, give + o, * od oa i recei new ae w ? 2%, or e ad oe, * : cull. - Blankets, Comforts Pillows ave the la at prices tha io, ca 2, ¢ "oho ate stoes 2, 4 G 2%, * stock in Cas- e right. ba? o, v a 4 Oe Me Me Oy Se, Mn Me, Mo On eo en saat Bs Me ee ee stn acer re ho cty ties: 0, Machete se hy Meson bs Mn Lose Sotoos c sYorehofo-sfoho-chonde-cfe-otroforefonadrcfe- OO eh a ann ey PHO rraees Bx a % 8 4 CII DTAES eaten erent erent oa