Casper Daily Tribune Newspaper, June 24, 1921, Page 7

THURSDAY JUNE 23, 1921 DROUGHT SENDS ~ WHEAT HIGHER west Region CHICAGO, June 23.—Bullish crop reports from the northwest led to an upturn today in the prices for wheat. Advices told of drought damage and of hot unfavorable weather. y however, lacked yolume. Opening agotations which ranged from Yc to 1%c higher. with July $1.30 to $1.94 and September 123% to $1.24 were followed by something of a reaction at then by a rise higher than _ be- re. . Subgequently..there was much sell- ‘ing of September and buying of July on the part of commission — houses. Talk of harvest delay in the south- west. was a factor. Prices closed strong, 1 to 2c net higher with July $1.30% to $1.31 and September $1.23% ‘to 24. _. General commission, house soiling (weakened corn. .After opening un- changed to %c lower, including Sep tember at 64% to 64%, the market underwent.a material sag all around. + Evidence that stocks ‘were accumu- lating prevented any important rally ‘The close was steady, “ic to %c het lower with September ai 62%c to .63%c. its declined with corn, starting unchanged. to %c off, Septemiter 40%c to 40%c and later showing a decided drop. ; Lower quotations on hogs. put pro- ivisions on. the down grade. © CHICAGO,~June 23.—Close: Wheat—July.. $1.30%. September $2.23%. Corn—July 62%c, September 63440. Oats—Ju'y 38%c. Septemter 40%. 5, Ribe—July $10.27, September $10.60. CHICAGO,” ~June~ 23.~Potatoes— Weak; receipts 44 cars; nothern white 50c cwt; Virginia, $3,.50@3.75 barre! North Carolina, $3.00@3.25 barrel,. iS Provisions. “CHICAGO, June 23—Butter—Mar. “ket lower; creamery extras, 33c; stand. ards, 31%c; firsts, 28@31 4c; seconds, WMA27c. Egge—Market higher: receipts, 16, 67 canes: firete, 24924 %4c; stand ple Beta ineaced,” 20 Cy. Live Poultry—Market higher; fowis, QTc; broflers, 35@4ic,. . tp .___New Mexico Test Planned. BILLINGS, Mont., June 23.—A syn- dicate of Louisiana, Iowa, South Da- kota, Wyoming and Colorado men ‘have taken over several thousand acres. cf-leases near~Socorro N. °“M:, and drilling operations will start at once, according, to.an. announcement made by a membér of the firm here today. We USSR. Ee ‘The seach, Fer 2 a reaped upon by three geol "4 they are all _agreed that as the formation is of the Cretaceous age, the same as found Coo J.M. CAREY & BRO. UNTER Today’s Markets by Wire FURNISHED BY TAYLOR & CLAY Ground Floor Oil Exchange Bldg. Phones 203-264 Western Qi Fields .. |r ou NEW YORK CURB >? Bid. | Merritt win Glenrock Oil Salt Creek .... j Western States . }Prod. and Ref: Columbine eas: joeden, - Consolidated Royalty Chappelle 3 |S, O, Indiana | Mexican Petroleum Sinclair Ol Hutton Lake .. Jupiter . Tere Areeric 1 Union Pacific R. R... 113.62 : FOREIGN EXCHANG Sterling Francs . | Marks | Lire... | Call money LIBERTY BOND: Lusk Royalty Lusk Petroleum Mike Henry .... Mountain and Gulf Northwest .... Outwest Picardy . | Riverton | its ... |Pirst 4s | Second 4s | First 4% \Second 4% [Third 445 . jFourth 44s 4 Victory 4%5 CRUDE OIL MAKEI $1.15 Rock Creek 1.15 Salt Creek 1:)5|Big Muday 1,15] Pilot Butte .10! Hamilton. Do: .36'Mule Creek. . Western Exploration . Wind forchlight Sik Basin jreybull n the Wyoming and Mcfitana fields,!cent to 6 per cent, just as the banks t ig expected that ofl in commercial|were making up their half yearly ac- great quantities will be found ‘At less than counts. This will necessitate 2,000 feet. rs ime, arranging* the details; lumber would be lowered: for the derrick was purchased last| der to spud in beforé July 1, it is}borrow money more cheaply. ~The recent. reduction of the. federal Unitea said. ne ‘ States and cheaper money condition: } : jin America were also guiding i4- i Nah . er | Muences. te, the lower minimum rate, 4 2 iy" | The effect of the reduction was im- BY BAN q EN 1|Mmediately seen in- the stock market, re . § where fair sized orders were placed war 1 : ; 1a jim the gilt edged section for 4 }and other bonds. The market also $4.40@4.50. Bs ayes c@ hard | te reserve bank rate in the ened in other sections. - } eed June 23— Engignd sprang a’ surp: Bank of upon the pawn tickets.. representing rate of discount one-half of one per ilized country. ‘ Reductions amounting from Twenty-five to Fifty did lots in our city’s finest residential section, made by J. We have also opened four: blocks of that wonderful tract on the extens “nue. Yes, the meadow west of the road as it turns toward the Fair Grounds. jdeal of extra work in altering the Representatives. of the syndicate rates of interest an@it was expected have been on the ground for some that during the day the deposit rates It had been ‘thought that the Bank week and will he hauled to the foca-\¢ England would, abstain “from any uon at once, the drilling machinery reduction in the rate pending the set- has been purchased and is now in/tiement of the labor troubles, and it is transit, tHe driers and’ rig “builders! believed the chief reason for the de are on the ground and w\% will be/cision to lower the rate was the ne- rushed with all possible speed; in’ of-|\cessity that the treasury be able to P ler lost’ 1 to almost 5 points. Other A Londoner has * a collection ot! transac: | money market today by reducing its, tions with “my uncle” in every civ-|jomestic, 9! _lican dollars, MTT T WTNH T MMMM HULL mM be Casper Daiip Tribune STOGKS DECLINE AT START TODAY Reduction in Discount Rate Fails * to Develop Rally in Trading Livest ock Mart CHICAGO. ceipts 12,000 head and handyweight stee: $9 40: s " ers weak to | heifers, $4..50@6..2 ters, largely NEW YORK, June 23.—Contrary to * expectations, the reduction. of the Bank of England discount rate to 6 per cent was ignored at the qeni: of today’s stock market. Initial qu tations again discloged a majority of declines, especially among equipments motors and food speciies. Gener Electric, Pullman, Pressed Steel Car,| Studebaker, American Car and Beet Sugar lost 1 to 1% points. Rails were m Qlerately lower with leather, rubber | ; and chemical specialties. Royal Dutch at a gain of 2% points was the ony| conspicuously strong stock. Losses were irregularly extended within 'the rst half hour. Confusing rallies and reversals oc burred during the morning. Mexican | nnd Pan-American Petroleums, Royal Dutch, Baldwin "! Locomotive and| American Sugar steadied the list for| me at advances of 1 to 4 points. Gains were cancelled before noon, | however, when greater presstire was| directed against steels, equipments. shippings, motors and rubbers. United States Steel made a new low at 70% and: General Electric, Republic Iron American International, United States Rubber, Sears Roebuck and Harvest heavy stocks included Industrial A! cohol. Willys Overland preferred And Chandler Motor. Some of these shares also established lowest prices for the current movement. Call money opened at 5 per cent. Money and Exchange. NEW YORK, June '23!—Prime mer cantile paper, 6% @6%. per cent. Exchiange—Basy: sterling, demand $14: cables, 42-14%. Francs—Demana, 8.00c; cables, §.02c Belgian Francs—Demand, 7 cables, 7.99¢. Guilders—Demand, 33.00c. Lire-—Demand, 4.77¢ Marks—Demand, 1.39 82.90; cables cables, 4.79¢ cables, 1.40¢ Norway—Demand, 4:30¢. Argentine—Demand, 30.75c. Brazilian—Demand, °11.75c. Montreal—12% per cent discount. Time Loans—Steady: 60-day, ~90-tn) and 6-month, 6 per cent. Call Money—Eaay; high, 5; low, § ruling -rate, 5; closing bid, 4%; of fered at 6; last.loan at §. NEW YORK, 23.—Copper— pteady; electrolytic, spot and near/by, 12% @13e; third quarter, 13@13% Tin—Steadier; spot and» near ‘Sy, ) $29.3 Li Zine—Quiet; East St. Louis spot, Antimony—Spot "$5:12. Silver.) June 23,.—Bar silver, : foreign, 58¥%c. Mex the most sightly building locations in Casper. Arrangements have now been. made whereby any of the Carey lots may be purchased on the monthly payment plan. An inspection of our offerings will interest those des ing in Casper realty. bulk ceipts 14,000 head: tesirabl market y's extreme low time: $ bulk good culla mostly yearlings, ‘be $9.00; best handy native ewes extreme heavies, around $3.0¢ $4 Denver Quotations. DENVER, Jund 23—cattle — ne cepts. 2.100: market lic and 25. er, beef steers, $7.10@8; cows and heifers. oF calves. 38.508 stockers and feeders. $4@6; bulls. a Hogs—R, ipts, 3.200; market > 3 low®r; top, $8.40; bulk, $7.5 d,62 Sheep— Recetpts. 2,000; lower, lambs, $10@11.50, 4.6¢ te prospects ewes, 4@ Oe Di¥tdegd Passed. CHICAGO, June 23.—The Quaker Oats company today passed the regu. lar quarterly dividend of one and one. half per cent on its common stock, but. declared the regular quarterly dividend on the preferred. aetna The seclusion of women in Korea is arried to the utmost limit. They are ven exhorted to talk as little as may to their own husbands. SPECIAL Martha Washington CHOCOLATES 85c Per Pound Wyoming Cigar Stores Co. Lobby Midwest Building 2 my - FURNISHED OFFICE FOR RENT In modern building. It is completely furnished, tele- phone, adding machine, mimeograph. Monthly rent only $50. Tribune Box 235 : : i 3 PAGE SEVER CLPEPPLOODLLEDELLOS2O10-9494505606665060-66066660004 Dancing Every Night At Open Air Pavilion OPEN UNDER NEW MANAGEMENT Where ore and all can have a good time. MUSIC FURNISHED BY THE MELODY Boys’ I say they are the best. Come and you will say the same. Good floor, good time, good music. Come! Pere ewes i Mc ‘Some Real Buys in Good Used Cars We want to make room for new cars so we have priced all our used cars to move them quick. BUICK—Touring, in excellent-condi- tion, repainted and overhauled, $950 STUDEBAKER—Six-cylinder, a good buy at SAXON-—Six-cylinder, five-passenger car, is in very good shape, good tires ..$400 MAXWELLS — Two touring cars, both recently overhauled, one just out of paint shop, especially good prices on these cars. ave FORD — One-ton truck, worm-drive, stake body, cab and windshield, 1920 model, in good condition. A real bar- gain, cash or terms 5 ARK {OAD SALES SERIA Phone 1223 Corner East Yellowstone and Second Salesroom Open Evenings AAA ‘ CAREY LOT PRICES SLASHED Per Cent covering many of the splen- M. Carey & Bro. on Tuesday. ion of CY ave- Without doubt irous of building a home or invest- 303 Consolidated Royalty Building AAA H. J. PETERSON Exclusive Agent