Casper Daily Tribune Newspaper, June 26, 1921, Page 11

SATURDAY, JUNE 25, 1921 MARKET GOSSIP AND FIELD NEWS WEEK’ IN STREE TIS WN SETTLED Prices Show Severe ibaseiment in Continuation of Downward Four NEW YORK, June 25.—Ad ovement; Lowest Averages in Are Recbrded, Report ditional severe impairment of: prices attended another unsettled week in the stock market. Leading shares, rails as well as ind cialties, registered their lowest Liquidation a, ustrials and obscure spe- averages in almost four years, m -was a primary factor, but shorts be- came more aggressive on further suspended or reduced divi- dends and forecasts indicating smaller,Creek Oil company. earnings by the various industrial| It also has in- come from the Big Muddy ‘and Rock companies for the quarter soon end- Creek felds. ing. | Trade reviews reported further cur-| tailment of production at steel cen- ters and more cutting of prices in that industry, together with revised schod- ules by automobile manufacturers pointed to lighter buying power. Some improvement was shown in| freight carloadings, but earnings thus} far submitted for May indicate t many of the, leading railway systems will fall far behind in the first half of the year. Stockholders of the Merrico: Royal- ties company yesterday ~ rectived checks for its second 2 per cent div- idend. This dividend totals $10,000. The first dividend of an equal amount was paid last fall. The company receives royalties from wells in the Big Muddy field. It also purchased a Salt Creek lease at the recent government sale at Douglas. The company in 1920, received roy. Foreign trade figures for May also| ties from 130,000 barrels of oil pro: show @ sharp decline but international remittances moved mainly in favor of this center. The one noteworthy foreign development was the lowering of the Bank of Ensland discount rate. Domestic money quotations also re- laxed visibly, most of the federal re- serve banks now being on the same basis. Local and interior banks seem disposed, with th® approach of the mid. year, to make more liberal purchases of commercial paper and grain and cus tort bills. DEPRESSION EXTENDS TO GRAIN MARKET. SCHICAGO, June 25.—Despite bullish crop conditions, the wheat market this ‘week had shown considerable depres- sion, influenced largely by the action of stocks and cotton. Compared with ayweek ago, wheat prices this morn- ing were %-to le lower, corn off 2% wa\e and oats down \% to ‘%c. Pro visions scored gains of 10 to 37 points. “Wheat proved unusually sensitivé to unsettling jeffects from breaks in the Value Of securities and in cotton prices. Confidence on the wheat buyers failed therefore to tg advices of drought and hea| age in the northwest and to increas- ingly serious reports concerning peril from black rust. Rains in the south- west delaying the winter wheat harv- eat were also largely ignored, “as well ag disappointing figures on. yield, to- gether with drought talk from France and Russia, On the other hand, bears: made much of the slowness af ev businoss except as to long-credit trans- dominut, ing influence in the pit, however, ap- \duced, which netted $15,828. company’s net income in the years since its organization $28,000. ‘ The four totals a Wife desertion will be made an ex- traditable offense between Canada and the United States, if a bill now be- fore the Dominion parliament is en- acted into law. Midwife Is Held In Murder Case|' [Bousman, 54. €be Casper Daily Cribuns Today’s Markets by Wire th UP AT OPENING TOON 4 |Damage From Rain During Har- * vest Strengthens Prices in Asked. | Chicago Mart | Midwest Refining --.$125.00 $127.00 Midwest Com. | idwest Pref. as f wheat, based on renor: ~ terfering with harvest » homa and of drouth in § y started a embe $ Columbine - “ Consolidated Royalty. ‘Happelle ... pted as cause of the market's failuc spond to bullish crop reports The market continued til just before | Cities 8. O. of Indiana. } NEW YOR: | Open. | M®xican Petroleum --$114.50 Sinclair Oi _ 20.50 & to 31.30% Corn was heavy under light trad 0 | ing. July opened at 62 % to Ge lower, and § unchanged to ce lower $1.62% Hutton Lake Jupiter — Xinney Lance Creek Royal Lusk Hoyaity " Lusk Petroleam..-.... Mike Henry .:." Mountain & Gult. Northwest —- Union Pacific R. R. r { FOREIGN EXCHANGE. Sterling LIBERTY BONDS. Riverton Refining Roy and Pro. 4 Third. 44s <: September. {Fourth 4\ Victory 4%5 WYOMING CRUDE OIL MARKI $1.15 Rock Creek . 1.15, Salt Creek 1.15| Big Muddy Lard - 210.47 5 Ribs “gs | $10,.65, September, September, CHICAGO, J no quotations 11 cars; new Irish cobblers, $ North Carolina, $3.00@3.10 1,10! Hamilton Dom 35! Mule Creek . AEPRESENTATIVES ON © Standard Cuts MIDWEST COUNCIL ARE | Gasoline Prices CHOSEN BY EMPLOYES a ere ee CHICAGO, June 25.—The Standard Oil company of Indiana today an nounced readjusted prices on gasoline which showed an average reduction of two cents a gallon effective at once. The retail price in Chicago had “een 22 cents a gallon, The read Justment took place, according to the Provisions. June 25.—Butter—Mar. creamery extras, 33 CHICAGO, ket_higher: 1M PALO OOOOEEOEOO8 Interest was manifest in the elec- tion which was held yesterday to name employe representatives to sit an the board .of .the Midwest Indus- riat Relations council’ andi which re- sultedy.in. the naming of J. C, Zol- noski,D..C. Marvin, J, E. Burnett. Cal J, Smith, Charles C. Campbell ind Harry *Stevick as, the workers" representatives. ‘The following was the vote in each division» the various. representatives having been named at a primary elec: tion Wich ‘was held at the plant sev: eral weeks: ago: \ * 1 vision No. 4—Henry Eberstein 87;° John Zolnoski, 90; George W Mills, pany’s service which includes 11] States in the central west. | Py -|terday’s average; top, $8.80 "receipts direct to packers ‘Dancing Every Night Including Sunday At Open Air Pavilion standards, 32c; firsts, 28@32c; sec 2ie *6K8—Market higher: receipt cases: firsts, 25@ ve Poultry—Market | broiler. 35@ 44 Livestock Mart | CHICAGO, June 25.—Cattle—Re ceipts 1,000 head; compared with week ago: choice prime fed steers, 10 lower; in-between grades. 2: lower: common and grassy kinds, to-$ lower; ‘butcher she-si rally steady: canners and 4 bulls, 25@50c lower; vea @75c higher; spot cows ana|* 50c lower. eipts 5,000 head hogs and butchers, steady to stro: others, mostly 10@15c lower than y bulk of nominally sales, $8.10@P8.75. steady. Sheep—Receipts 6,000 head; today's compared with week ago: lights, mostly steady some natives lower; low heavy sheep around steady; fa weights, mostly pigs, R, 25.—Cattle 0 head; market, south $7.00@ 5.00; cows an 00; calves, $8.00: stockers and feeders, $4.00@6,00; b $3.00@ 4.50. eipts 600 head 50; bulk, $7.80@5.20 Sheep—Receipts 300 head: market steady; lambs, $10.00@11.09; ewes $3.40@4.25 art empted nonstop aerial dash ork was again held fog today when David R. Davis a Eric Springer, both of Los Angel county, decided not to tune up their airplane until the weather cleared. up by} market | © PAGE ELEVEN and Exchange. NEW ¥ i STOCKS CLIMB Week-End Session Sees Recovery With Profit-Taking by Short Interests Cotton—Fu irregular; July 95c; December. March, 12.98 NEW YORK, J tures closed easy 4 For Vacation or Stopover Don't miss a stay at y modern Carter Hotel AT THE Big Horn Hot Springs “The largest mineral springs in, the world.” THERMOPOLIS, WYOMING point. Bethlehem and Crucib! r recent heavir Mercantile » preferred lay’s weakest ure, _ ralli points. Sears-Roebuck. Retai | Oo | SILVER AND OIL | DIGEST FREE 3.85: | Gives valuable information and quotes prices on hundreds of oil. mining and |j industrial stocks. Sent FREE on re quest. A. B. Kamp & Co., 695 Den ham Bldg., Denver, Cole Ae eb eo Wyo. OPEN UNDER NEW MANAGEMENT Where one 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! Division . 2—Robert Littie, 59 109. 3—Paul Walker, 32; J ©. L. Jahnson,! ». peared to be the fact that tragers we! keeping an eye main‘y on downward swings of the stock market.) ‘Weakness in corn and oatS was as- s0ciated with trouble car ‘Ss were having to get sufficient storaze room here for corn which had been bought. Indications of some export call helped give firmness to provisions. Division N' ©. Burnett, 6 D Nola: \ Division Myron Eva 5—G.-C,. Campbell, 111 40, 4 . assassins, according to Mrs. Erminia Colavito, midwife, who hasbeen indicted by the grand jury at Cleveland for the. murder of |) Mr, Kaber, wealthy publisher. Casper Carpeater & Cabinet Shop Window Frames and Interior Finish TRUCK BODIES AND CABS : Phone -1096J. 3. Harry Stevick, 45 ‘Tom Bell Royalty. company has de- ¢iared a dividend of 1 per cent, pay- ble August 1 to stock of record July '20,. The dividend totals $31,000, or 1 cent a share on the approximate 3,- 100,000 shares outstanding. It is stipulated in the company's by-laws -that earnings when they ex- coed 1 cent a ‘share must be dis- bursed tb ‘stockholders quarteriy. At the nt annual meeting at Lusk it was stated that net earnings were running close to $40,000 a year, com- pared with slightly less than $30,000 in, the’ previous. year. This is the initial dividend declared by. the company. Its 1g) royalty interests are in the Lance Creek field. where it operates with the Buc! Announcement i E WISH to announce to Ford owners and auto. repair shops that. we have just received a very complete stock of repair parts for Ford cars. - Brodie Rubber ba, Inc. “Your Accessory House’’ Phone 1203 Tribune Building 4—Cal Smith, 139; Ben Benefit Association—Tom Heaney, LESPERANCE BROKERAGE Will buy, sell or loan money on active stocks and lib- erty bonds. County and city warrants bought. 508 E. Yellowstone Phone 1147. Iris Theater Bldg. Phone 1147 Phone 907 THE UNIVERSAL CAR $440 f. o. b. Detroit We represent the most thorough and up-to-date motor car factory in the world, turning out the best all- round car on the market today—the most adaptable to every need of every.class of people. The Ford Service organization, of which we are a branch, is the most extensive as well as the most inten- sive organization of its kind in existence, consisting of over 18,000 Service Stations in the United States. It is our duty to uphold the high ideals of the Ford organization in this territory, to deliver cars as promptly as possible, to give quick and thorough repair service and courteous treatment to all customers. : EARL C. BOYLE 125 to 137 North Center Phone 9 | if You Like a Good Cold Drink Or a Good Red Hot Drink KEEP AN EYE ARADISE SUNDAY an JUNE 26 7:30 P. M. The Orchestra Formerly of the Winter Garden and Iris Theater EED’S OYAL AGGERS Over 5,000 square feet of the best~ dancing floor in Wyoming. Bring the family. We have enter- tainment for all. Spend the evening in the “‘Dreamy Paradise’’ of Wyoming. Benches, tables, lots of shade---every- thing that will make you think Casper a better place in which to live. One Mile East on Glenrock Road One Mile North Special Rates on All Taxi Lines