Casper Daily Tribune Newspaper, February 15, 1921, Page 7

sr SRI t TUESDAY, FEB. 15, 1921 tion. There is one well now half interest in the territory. The now strike of the Western States at Hardin, Mont., is shut in and under control, and will make about a 200-barrel well, according to estimates of experienced oJ men and will open |: up a nice field of black ofl in that region. The oil will not, however, equal the Salt Creek ofl or in fact any of the light ofl producing fields of this region. The deferred annual meeting of the Western States will be held at Den.! ver, ‘h 21, and the meeting will deal with the matter of the firm's ‘activities during the coming summer in the main. Becausé of the drop in crude prices there appears but small ghance-of a mélon being cut in the ‘Western States stock in the near fu- » ture, but the issue is a good snvest- ment in spite of this. Salt Creek Producers. Salt Creek Producers is showing up exceedingly well In spite of the re- cent downward trend in the market of all oi! stocks. This company has recently acquired a number of leases and grants from the interior depart- ment, of holdings tn the Salt Creek oilfield andthe firm is mating these} grants public in-the near future. ‘This company ‘had a cool million dollars in its treasury in actual cash about the, close of Inst’ year and this sum does not include the sums held in the treasuries of the different cor- + porations that make up the Salt Creek Producers, These latter firms are so ell off, financially, that they will be able to finance their fleld operations ‘Withoat any help from the holding corporation. Yesides this million and more in the treasury, the Salt Creek Producers has over $7,000,000 of impounded funds which will soon be taken out of escrow and returned to the firm after the deduction of the royalty due the government is made. The gross in- come of the company for the past, year was about $11,000,000. It has a drilling interest in about 4,20 acres of unpatented Iand be- cause of its control of Midwest Oil “ Company, ‘Wyoming Associated Oil Company, Wyoming Oil Fields Com- pany, Natrona Pipe Line and Refin- ing Company, National Petroleum Company and New York Oil mala to bo| All together 13,00 acres are said to be the extent of the Company's interest. Midwest Oil is Salt Creek Producers | largest subsidiary. This company in| 1914 sold its refineries and refining business to the Midweat Rening Com- pany and-became a producer. Mid-, west Oil and the other subsidiaries sell all their production by contract to Midwest ‘Refining. = => ‘The various subsidiary companies of daily, in which Salt Creek Producers has a net interest of about 16 per his includes production from i in which Mountain Producers 52 per cent interest and which producing about 6,000 barrels aE i -barrel well in the Salt Creek Jand which had previously granted the company under the oll land leasing law, was completed by ‘Salt Creek Consolidated, a subsidiary Producers. A 7,000- a Z> * 88 i NEW YORK, Feb. 15.—An initial * dividend of $1.25 a share on common ‘stock of $25 par value was declared today at a meeting of the directors , of the Standard Ol! Company of New Jersey. It corresponds with the quar- terty dividend of $9 a share paid on ‘the old $100 par common. "The regular quarterly dividend of $1.75 a share on preferred stock also was declared. . CHEYENNE, Wyo., Feb. 15.—Ar- ticles of~incorporation were filed in / the ‘office of the Wyoming secretary of state Monday by the Four States ‘Ol and Drilling Company of Casper, > capital stock $50,000, par value of , shares $1 each; directors for the first year, R. T. Hobson, Charles D. Ben- mett, Jr., and Charles B. Wheeler. femabeartane Moorcroft ‘Well in Sand. A well on the Cooper ranch north ‘and east of Moorcroft found a stary, ; sand and some oil at 900 feet and has _ shut down until! some idea of the WOKE GSP FLD WE WESTERN STATES: ISSUE. LEASES, | “The president has signed the lease of the Western States covering the west half of Section 5-40-78 in the Salt Creek oil field. This is one of the. best tracts in the whole area and is considered as good as any tract of like size in that opera- oil-on the tract and the Eureka Wyoming has a claim of a 1 Jans and includes production from | = be Casper Daily Cribune Atlas. began OL.) 268 Big 1 eae 40 30 making about 500 barrels of Bt 225 proved a lease of the Northwestern 22 Oil company on the southwest quar. 08 ter of Section 2, Township 39, Range 02 79, West Wyoming. This lease is 70 owned outright by. Boston-W; ig 03 and is on+ of the most productive in a4 the Salt Creek field, a arene en Pepenceion is m understood approximate! 1,000, barrels Galiy and a foaterial i. crease is looked for soon. Union k ‘The Union Oil company is making Sztensive surveys | about Alzada, ! reer lont., southeast corner of seeeeee that state, The Union is one of the ante eh OED ics i strongest independent organizations | xinney - 22 lag Overating in this part of the country 07.09 ani ferred from, activity 4 of the company’s engineers about see cola ese a Almada that ‘the company — will . 40) wixe Henry ...:cccsasver 07" some operating there this coming) mountain & Gulf .......,. .88 Spring. : Northwest 222...) ws - Outwest eee tip | a Pleardy ----—- 2) 2 OT t Riverton Refining 07° 09 22 ‘08 04 203 22 Increase in Gasoline Consumption Expected to Revive Great Demands - NEW YORK, Fsh 18.—Tenders of the off industry are of the opinion that the current lowering of crude Prices is temporary and that any ap- Preciable improvement in trade con- ditions will result in the usual big summer demand. One of the larger oi] operators of the country says: ‘The future trend of crude oll prices will depend largely on the outcome of field operations in the next few months, A steady in- crease in stocks of domestic crude may bring lower prices for.crude. If the reductions in prices so far made succeed in’ curtafling production so that stocks do not increase, the prob- ability of a further cut in prices is lessened with a price increase pos- sible. “One of the causes of the present reductions in crude: is the fact that unusually mild weather conditions have favored drilling operations and the result has been a much larger output or crude bl re was gen- erally lookeg-for is time of year: Operating ae fave not declined materially, but will have to be re- duced if producers'are to get a profi at present prices for crude. * “Heavy imports of' Mexican ctude ‘wily at-a:time when domestic produc- tion was running at a record rate, also /°nve enormous burdens and great helped to depress crude ofl prices in this country, ys “Although prices of refined of, par- ticularly gasoline and kerosene, have vielded =to} crude feductions in” the M) die West, some of the Pasterncre- fiers have not taken any action as yet. One factor bearing on the sit- uation as regards Eastern re- finers and marketers is that they are paying high freight rates and have to pay long distance: transportation for crude: oil or~ refined products, mainly from the Midcontinent, Gulf 2 Today's Markets by Wire " Farnished by Taylor & Clay Floor Oil Exchang e Bldg., Phones 203-204 ‘Wyo-Kans*...: Wyo-Tex 02 Western Oi 4 Ra Grrr rer es + 18 NEW YORK CURB | Midwest Refs. |Midwest com, . ‘Midwest -pref. . ; = 68.50 NEW YORK STOCKS Mexican Petroleum . $163.00 Sinclair Oil. - 24.50 | Texas Oil ...—. Pan-American Pete... © 77,37 Un 8. Steel... 64.24... 83:76 Union Pacific R. R,.. 119.76 FOREIGN EXCHANGE Sterling » : 43.37 2nd 48... jist 4%s . jand 44s . [ard 4%s . }4th 4%s . Victory 4%s WYOMING CRUDE OiL MARE? =--$1.75 = 1.75 Hamilton Dome Mule Creek ---.. CLOSING $187.00 $139.00 50 3.00 ! ‘counties would produce exactly the jSame amount of these revenues, be- /Cause. the county of origin needs the jfevenues\ at the time when tho de- |¥elopment is going. on. ‘That is the {time when the revenue is essential and the revenue is being produced. “It is no answer to say to Park, or |Conyerse, or Fremont, or Natrona counties, ‘You must not object to our taking the revenues that you pro- duce now because eventually you will get your share of revenues produced elsewhere.’ The counties and their communities need the revenues. at the time they are being produced be- cause that is the time when the com- munities have placed upon them ex- traordinary burdens and obligations— burdens they cannot carry; obliga- tions they cannot meet, unless they obtain these’ reven:ics at the time they are being produced. To prom- ise them a portion of revenues pro- duced elsewhere after their oil and coal fields have been worked out and the communities that developed them have been scattered, is worse than unfair and inequitable. It is cynical- ly_ unjust. “It may be said by some that I am rather going out of my way in tak: ing so active an interest in this mat- ter. It is the first time in the long Period of my service in congress that I have actively and earnestly urged my view upon the legislature and I plead as my justification for doing so the fact that for nearly a decade, during the time that leasing legisla: tion was before congress, I earnestly, in season and out of season, urged |that the state and their communities be given a portion of the proceeds srising out of rents, royalties and bonuses under a leasing bill. For quite a long period of time I think I was alone in urging this matter before the committees and before the congress, and that was not because western members did not favor it, but because, they told me frankly, that they did not believe it would be possible to secure any of the funds for the states and their communi- ties. “On more than one occasion I have urged this matter before the House {and before the committees in the face 95 |0f the advice of western members not | to do so because they feared that the agitation of the question might en-| MONGELL CARRIES WISH FOR Ol ROYALTY DIVISION TO GOVERNOR (Continued from Page 1) | trona county now is particularly large because the funds have been accu- mulating for a number of years, dur- ing which time the oil development of that section has been under a fright- ful handicap by reason of the awful condition of the ‘road: Right now fatrona county could utilize to splen- did advantage-+not only of Natrona county, but of the oil industry of the region and of the state, in the build- ing of concrete highways to and through the oil fields, and while Na- trona county, or ‘any other county which developed an extraordinary field like Salt Creek, would perma- nently have very considerable rev- enue it would also have in- connec- tion with the production of that rev- needs in the way of roads, bridges, ete. ciled a number of years ago to fei- eral leasing legislation because -of the fact,’/patent to all who have been ob- servers of such matters, that nearly! all mineral regions, particularly oil and. coal regions, “have passed thru tho period in which their resources were being exhausted, impoverished and handicapped, by the lack of roads, schools and ordinary decent fa- cilities, apd it occurred to me that Coast and the Mexican fields. This has probably resulted in a resistance to the prevailing pressure on prices in the Eastern section of the country. - “According to present “indicat: i the export movement will not quite as heavy this year, but it must be remembered that 1920 was a record year. European countries are not now in a position to purchase norma) requirements due to ,their unsettled financial position. “Despite what temporary slacken- ing in general industrial conditions may occur in the long run the con- sumption of petroleum throughout the world should increase steadily. © Inas- Tauch as the: United States supplies, 70 per cent of the world's require- ments the position of American oil companies even under present con- ditions seems unusually sound. Prob- ability of any other large field being opened up abroad which could com- if, thru a system of leasing, some of the funds could be secured for the communities to be used by them in meeting road and sphool expenses we might avoid those lamentable condi- tions so well night universal in min- eral regions during development. “Having adopted a leasing system the need and necessity for additional revenues for the counties and local- ities rroducing the revenue grows out of the fact that with enormously in- creased burdens of essential expendi- tures placed on those communities there is an actual reduction of taxing opportunities, in the case of oil and coal lands. If before development the lands weré in private ownership, they would be taxed.. Under the leasing system, being retained in the hands of the government, they are not’ tax- €d and so revenues that might have accrued to the communities in a se- pete seriously with American ofl sup-|reach the point of production and of for many years to come.” CRUDE OILS IN ‘worth may be ascertained. The well 49 a wildcat and is being drilled by. . the Hénghton Oil -company, ‘The. }sand is a stray that has not been »Ramed by the geologists yet. Boston-Wyoming. Boston-Wyoming stockholders are ppeeserly awniting action by the com- pany’ - on the stock. The fact that: about’ §,31,600,000 is being released the company by the United States: gov- nment has created new interest in “Wyoming and the stock’ re- cently has been In).good demand. ‘The Interior department has. ap.) : Everything in B The Nicolaysen BIG TIMBERS A SPECIALTY © FARM MACHINERY, WAGONS Phone 62. Office and Yard: First and Center EAST CUT AGAIN (By Associated Press) © ductions of from ten to fifty cents in the prices of crude ofl were announc- ed here today by the principal pur- chasing agencies, Pennsylvania crude directors in regard ta dividends] received a-cut of fifty cents a barrel, |that the opportunity to tax making the new price $3.71 Other reductions included Cabe' $2.21; Somerset $2; Somerset light $2.25, and Ragland $1.15. aane was o cents a barrel, while the ott- af uraded were reduced 25 cents aj barrel. Lumber Co. uilding Material Plies is exceetlingly remote, at least|increased need of revenue the oppor- tunity of producing revenue ‘rom taxation in one form or another is much tess with the lands in public ownership than if they were in. pri- vate ownership. “I know it will be claimed that in- asmuch as we have a mine outpvt tux there will be the same opportun- ities of taxation as if the lands were in private ownership. I do not think that is true. I am not certain but PITTSBURGH, Pa., Feb. 16.—Re-|What the mine output tax can bo le- vied on jhe product taken from gov- ernment owned lands but there is 4 very considerable question in regard to that, and eventually we may find under has been very greatly les- sened by :the retention of lands in “I- first became somewhat’ recon-) | | | | i wai of my opinion, the congross would not |** 7 last loan 7 | | public ownership. 1 shall be sur-|have inade the grant to the states, I uM i ; | prised if this is not the outcome.- |can have no interest,in this matter Metal: “But assuming for the sake of ar-|other than that of justice to all and MORK EA Heb: 16 c-Conpen— gument that the taxing opportunities |from that standpoint the division I} ¥; ,electrolytic, spot and. first} remain the same, that fact would fur-|suggest is, " believe, fair, just and|Qarter 13@13%; second quarter, | nish no argyment’ for taking from | equitable.’ 134 O18. , a cH » Feb. 15.—M. Ray, the communities | ‘which — produced ——e—___ |_,Iron—Nominal; No 2 southern,| said to be an ‘ex-convict, and W. La these new ‘revenues all of the rev $27.80; ge oq | Barnell were fined $50 each in muni- enues they produce and spreading ING EASED AATES q | ,,Tin—Easter; snot and nearby, $32@| cipal court Monday on a charge of them# out over the state at large for} |33: futures, $33@33.75. cruelty to John, 12-year-old gon of the benefit of communities that have no: manner of claim upon them; that haye no added burdens placed upon them by ‘reason yof the development which produced the revenue, , and which would be placed in a position of profiting at the expense and to the detriment of others. “I am willing to concede that a certain portion of the revenues might properly be so distributed, but to ar- gue that they shalJ all be so distrib- uted and that no part of them shall be for the direct and especial benefit of the localities which produce them, gavors, it seems to me, of larceny. It is so manifestly unfair that I am almost tempted to regret the contin- ued and earnest effort that I made to secure these funds. “The present attitude of the legis- lature is, I suppose, partly due tq the fact that one county—Natrona— would receive a large portion of the first payments, a sum which might amount to as much as $250,000 or $200,000, but those who base thelr op- position to a fair division as between the states and the counties of origin overlook the fact that eventually practically every county in Wyoming will become a beneficiary under this act, There may be counties in the state that will never develop oil, but in all probability they are very few, and of those which will not develop oil there are very few which will not eventually develop coal or other: min- erals under the leasing act. Sheridan, under the leasing act. Sheridan, Johnson, Campbell and Sweetwater counties for instance are not now producing oil in considerable quanti tities, but they are likely to eventu- ally. In any event they are certain to produce large revenucs eventually under the leasing act from the min- ing of coal. In fact, there are very few counties in the state that will not sometime in the future originate rents and royalties due the state un- der the leasing act, and in the long run, with ihe possible exception of one or two counties, every county in the state will produce these revenues. “It may be said that, this being true,'why is a general division of the funds from the beginning and per- manently not fair, The answer is, that the general distribution of these funds throughout the state would be eminently unfair, eygn though it were a fact that eventually each one of the 192 tal Dr. to Col of CHARLES J. STONE Petroleum Geologist Reports and Surveys WINNETT, MONT. ‘When we first began making As- bestos. Chimney Blocks, we used about 25 tons of Asbestos material the first year. We used about 250 tons of Asbestos material the second ,| year, and the third year, 1920, we used more than 5600 tons, and lost $5,000 worth of business because we couldn't fill our orders. ; ‘We have demonstrated that there is @ good paying manufacturing bus!- nesa’ waiting for the investment of capital to work it on a larger scale. The Asbestos that we have been using is the kind that is thrown out as “Tailings” at every other Asbestos mine in the world. Though it stands Fred Patee, 1014 S. Oak, Casper, Wyo. SOMETHING ABOUT ASBESTOS the highest fire test. We have a for- mula for making Asbestos shingles made for one-half the prico that As- bestos shingles are now produced. Our shingle will be stronger and a better non-conductor of heat than any now made anywhere in the world. Edwin Hall, former State Geologist of Wyoming, and one of the best posted engineers in the world on As- bestos, used to say that we had As- th to make a thousand tox shingles per day for one hundred years. We are going to try and prove that Ed was right. Is Casper going to support this in- dustry and help it grow? - Tribune. Wantads ‘Always Bring Results. from the same material that can be fund. ‘WHOLESALE SUPPLY 8 to flow into. the Reclamation Notwithstanding this attitude doubt and criticism, I continued to fight, and I believe I am justitiea|_ NEW YORK. Feb. in the opinion that except forthe ef-| forts I put forth the state would not| ave received a penny of these rev- enues. the con- TEXAS POINTS SUSPENDED , WASHINGTON, ules increasing rates on commodities fcom points in the Mountain Pacific territory in Colorado, New Mexico and Wyom'ng to El Paso, Tex . und relatéd points were suspended Monday by the interstate commerce commission from February 15 until June 1. 1 schedules proposed to increase raty from 25 and 331-3 per cunt to 3) eent over rates in eff: Feb. August 26, 0. Se MAAN INJURED IN FALL Io SENT 10 HOSPITAL Walter Palmer, who suffered men-| breakdown as a result of a fall from a horse about two weeks ago and as a result took several shots at G. M, Anderson, has been taken the Woodcroft hospital at Pueblo, o., for treatment. He was taken care of by the public health service, which Dr, J. F. O'Donnell is in charge. He is pleased with the care that is given him and is well on the road to pecovery. Mrs, Palmer and her through the efforts of the Natrona chapter of the American Red Cross, was taken to Denver, where she will remain with her mother for the time being. ttle boy, —_——>—__—_— Attend the W. C, T. U. chicken din- ner at M. E. church Thursday even- ing and enjoy a good supper. dollar a plate. One ROLLER SKATING O ‘324 West Yellowstone Ladies Free Tuesday Eve., Feb. 15 Come Roll on AZ™“HAPSPAY AMM MARKET Louis Seyboldt, Prop, 1045 S. Ash. Phone 134. Fresh Meats, Fresh Dressed Poultry, Lunch Meats for Downtown Prices. OUR MOTTO: Quality—Honest Weight —Service 15.—Sched- | STOCKS UP AND DOWN BY TURNS Steels and Equipments Recover Losses but Oils Remain Erratic (By Associatetd Press) NEW YORK, Fob. 15.—Publication overnight of the terms of the Reading segregation plan directed attention to those shares at the opening of today's stock market. Reading common open- ed at a decline of 1% points, immed- lately extending its loss to 2% follow- ed by a substantial rally, The first Preferred made an initial gain of a fraction, soon increasing its advance to 2% points. Otherwise changes were mainly upward, especially among spe- cialties. Pronounced strength was shown by beet sugar, General Asphalt, Tobacco Products, Famous Players and Goodrich, Oils were higher for the most part, but Texas Pacific Coal and Oil added to yesterday's sharp dle- cline. Exchange on London was strong at highest quotations thue far this year, Speculative interest continued to re- volve around Reading, shorts evidently regarding the proposed plan as any- jthing but a bullish factor. From their jearly best prices, the common and first and second preferred shares reacted 4%, 1% and 2% points respectively. Before noon the list rallied. irregulnr- ly, Balawin Locomotive and Crucible Steel recovering their losses, while other stecls and equipments were rel- jatively strong. Oils became more 9 ratic, Texas Pacific Coal and Ol) in- creasing {ts los and California ant Mexican Petroleums losing ground with Standard Oil of New Jersey, while General Asphalt followed an op- Posite course, rising with several of jthe shippings. Call money opened at jseven per cent. | Silver NEW YORK, Feb 15,—Bar sflvor, danger the portion of the funds which | Omestic 99%4c; forelzn 60%. Mexican Idollars 45%. | Money and Exchange, 15.—Prime mer- per cent. sterling, $3.92. antile paper, 7% Exchange firm: |$2.91%; cables, demand | Call money stead: > high 7. jruling rate Antimony—Spot, $5. Lead—Dull; spt. $ Zinc—Steady; East 5 @5.50. 8: Clectrolytic, £77; tin, lead, £21 6s; zinc, £24 17s 6a |ber $15.10, December $15. eaten aie SHOP CLOSED TEMPORARILY. 15.—Five hun OGDEN, Utah, F ntil_ the morning of February { | Time loans. easier; 60 days. 90 days “In that belief I feel justified in ®74 Six months, 614@7 per cent. urging the division which gress coutemplated, without which, in low 7.) , closing bid 6, offered! i. Louis. spot, At London: Standard copper, | £71; £170 Ta Gd;| Cotton, NEW, YORK, Feb. 15.—Cotton fu- tures ‘closed ery steady; March $13.90, May $14.40. July $14.75, Octo- dred men‘are affected by an order! posted at the Southern Pacific shons| here today, closing the shops tonight! worth much more than their weight CHICAGO, Feb. 15.—(U. S. Bureau ot Markets}—Cattle, Receipts, 8,00 best grades beef steers strong to cents higher; others steady 9.90 bid: jbulk beef steers $7.75@9.25; butcher | cows and heifers steady to strong:| |buik $5.00@6,.50; canners and cutters | |slow, wenk; bulk $2.75@3.50; bulls slow | |bolognas and beef grades most!y |$4.75@5.50; calves steady; bulk veai- ers $9.50@10.50; stockers and feeders | Strong. Hogs—Receipts 34,000; market 10 to| 25 cents higher than yesterday's aver- | age; medium and heavy weight up most; top $10.35; bulk 200 pounds down $10.00@1 bulk ga 220 pounds up $9.15@9.50; pigs steady to strong. Sheep Receipts 15,000; killing classes steady fo strong; small ‘lots |handy lambs to shippers $8.75; some held higher; bulk early $8,00@8.50; | top ewes $4.85; bulk $4.00@4.50; choice 122 pound wethers $4.5. ‘ aes DENVER, Colo., Feb. 15.—Cattle— Receipts, 1,500 head; market steady; beet steers, $6.00@7.00; cows and heif- ers, $4.00@6.10; calves, $8.00@11.00; stockers and feeders, $5,00@6.50. Hogs—Reveipts, 2,500 head; market steady; top, $9.35; bulk $8.25@9.25. Sheep—Receipts, 5,300 head; market strong; lambs, $5.50@7.50; ewes, $3.75 @4.00. PERSEPOLIS ‘BURLINGTON AGENT T0 ADORESS QAIRYMEN AND FARMERS FEBRUARY 19 Earl G. Reed, agricultural agent for the Burlington, will be the principal speaker at @ special meeting to be held at the Natrona county. courthouse, Saturday, February 19 at 2 o'clock. He will discuss the advantages of |buying dairy stock at the present time, Mr, Reed is considered an expert dairy judge and his services are free |to the farmers of Natrona county. G. M. Penley, local agricultural ‘agent, states that if, sufficient orders to make a ear load are received ar- |rangements can be made to have Mr. |Reed personally buy the stock for |those who approve of the plan. The |Saturday meeting: ia open to the pub- | Uc, TWO FINED $50 EACH Barnell, The child turned over to the state board of child and animal protection. x ‘The boy was found by the pelice that he could not sit or lie down. He asserted that Ray had the chain on him at aboyt noon as a punishment for not feeding several | Barnell home, and that his father not |only had acquiesced in ment, but had permitel Ray to whip and otherwise maltreated him on num: Sunday night, wrapped about, with a! padiocked log chain in such manner, placed | horses kept by Ray in a barn at thd) the punish: | [Livestock Mart | GRAINS WEAK AT OPENING TODAY Price Slumps on Absence of Bull- ish Factors; Provisions Higher (By Associatetd Press) CHICAGO, Feb. 15.—Weakness de- veloped in the wheat market today owing largely to a disposition on the part of buyers to go slow in the ab- sence of any new factor of a bullish characted. It was contended that re- cent sharp advances had discounted known conditions for at) least the time-being. Some hedging sales of the March delivery was noted. Opening prices which varied from unchanged figures to 1.cent lower with March $1.69% to $1.70 and May $1,58% to $1.59 were followed by a slight rally, but then by downturns all around. Subsequegt, fresh attention was giv- en to the Ap outlook especially bas- ed on field reports by experts repre- senting big firms here. Sharp up- turns followed. Green bugs were re- ported in Kansas, and actual damage from them in Texas. The market closed strong 4% to 6% cents net higher, with March $1.75 to $1.75% and May $1.65 to $1.65%. Corn descended with wheat although export demand for corn remained evi- dent. After opening unchanged to % cent lower with May’ 70% to 70% cents the market worked irregularly lower. Later corn quickly advanced when wheat went upgrade. The close was strong, 2c to 250 net higher, with May 72%¢ to 72%e. Oats were governed chiefly by the action of other cereals starting un- changed to % cent higher, May 45% to 45% and then undergoing a general sag. Higher quotations on hogs strength- ened provisions. Grain Closing. CHICAGO, Feb. 15.—Cl Wheat—March $1.75, May $1.65. Corn—May 72%c, July 74%c. Oats—May 47%c, July 47%. Pork—May $21.65. Lard—May $12.40, July $12.75, Ribs—May $11.47. Kansas City Provisions KANSAS CITY, Feb. 15.—Egrs, Three cents lower; first, 27¢; seconds 28c. Butter and poultry unchanged. Chicago Provisions CHICAGO, Feb. 15,—Butter, higher, reamery extras 45: | Eggs—Lower, recetpts 15,935 cases; | firsts 30% @310; ordinary firsts 27@ | 28c; at mark, cases included 29@30c. higher; fowls 31c; springs 320, Potatoes CHICAGO, Feb. 15.—Potatoes, lower receipts 115 cars; Northern White sacked 95c@1.05 cwt.; Minnesota Red River Ohios sacked $1.25@1.30 cw’ Locks and Gun Repairs | at the Old Reliable Shogren’s Gallery -| erous occasions. ———_—<_>——__—_— The finest laces in the worl? are ‘in gold. Announcement AND KEY SHOP 138 North Center There is a distinct feeling of pride on our part in announcing that hereafter the Chalmers car will be represented in this territory by (Set Name of New Dealer Here) The superiority of the Chalmers in its class has so impressed us that we acknowledge a very pronounced enthu- siasm. Its unusual reputation for mechanical y stability and fine performance is empha- sized. by the beauty of its general appearance. lines ‘and And back of this fine car is a new and powerful organization headed by trained automotive executives. We candidly feel that we are fortunate in being able to offer the Chalmers to the motor car buyers of this vicinity. Park Roads Service and and Sales Co. Corner S. Kimball and E. Yellowstone Ave. » PHONE 1223 CHALMERS