Casper Daily Tribune Newspaper, December 27, 1921, Page 8

PAGE EIGHT RESERVE BANK LESS OPTIMISTIC N REVIEWING LATE CONDITIONS: Falling Off in Industrial and Other Lines Shown in Monthly Report But Building Work Takes Spurt and Business Failures Less KANSAS CITY, Mo., Dec. mistic escription of conditions 27.—A_ somewhat less opti- s in the Tenth federal reserve bank district for November than for October is contained in the monthly review of the bank, made public today. Ac- cording to the review, there was a falling off in production and activity in numerous lines although that was offset to DEMANG GROWS, GRAING HIGHER) Sentiment Based on} >w Year Boosts Prices | at Opening. Bylish senti- the wheet m: early deaitngs. | “1 the buying side y on expectance of aprovement in| for cash wheat and fiour.| off in demand Furthermore a falling United States visible supply total this the afternoon was looked for. Opening quotations, which varied from 30 to %o higher with May $1.17% and July $1.05% were followed by a continued moderate display of strength. Subsequently, the market weak ened owing more or lesa to bearish forecasts of the government crop re- fort and to announcement of an in- of the visible supply t whorens, a decrease was expe ‘The close was heavy, %c to 1%c net Jower with May $1.16% emda July BLO4% to $1.04%. Corn hardened with wheat after « hesitant start. The opening was un- changed to © lpwer, May 55%40 to %e, but then slight gains were scored. Later there was selling on the part ot cash houses, ani the market turned downgrade. Prices closed weak, %o to lc net lower with May bétbo to S4%e. Oats took the same path as wheat, opening %oc to %o higher, May 39%c to 89%c and making an additional ad- ‘vance ister. Higher vatues in the hog markt gave a lUttle firmness to provisions. Closing Quotations. Open High Low Close “Wheat May eccccesLI7% 128 1.16% 1.10% July pons LOB% 1.06% 1.06% 1.06% — 55% 24H MH July sconce 58% 5TH 56% 56% Cate— May wennne 29% 20% 88% 3851 July ..icee AO AO SIH 89% Pork— Jan. concen wenn tees eee Bees Laré— Jan. meee BIT 2.89 8.77 May 217 9.22 9.17 Ribs— gan. 8.05 8.02 8.02 May ‘8.25 8.227 8.22 Butter and Eggs. CHICAGO, Dec. £7.—Butter—Mar. ket easy; creamery extras, 42%c; firsts, 38@40c; seconds, 30@3%c; stand- ards, 3 Eggs—Lower; reccipts, 2,678 cases; firsts, 48@49e; ordinmy firsts, 43@44c; miscellaneous, 48@4%c; refrigerator, | 28 40c. Potatoes, CHICAGO, Dec. Firm; recelpts, 86 cari States shipments, white, sacked, $2 white, bulk, $2@2.20 cwt.; Idaho ru- vals sacked $2.15 cw LIWESTOCK INSPECTION LAW NEEDS EMPHASIZED , Des. 27.—That legislature will en- atute providing for local in 1 of livestock about to be ship ped to market points, and that wuch inspection will save to the stockmen | {= some extent by fncreases in others. Deliveries of merchandise by whole- salers to retailers, figured on the basis of money values, decreased in all lines, the report said’ ception of furniture, which showed crease, there was falling off in es over November, 1920. A marked Gocline tn the marketing grains, except kaf ring the month, the Meat packing dropped below the reo- ra for November, 1920. in cattleand es killed but showed en increase 1 hogs and sheep. The average daily production of petroleum in the Kan- sas and Oklahoma fields was set at 285,008 berrels or 19,000 barrels below the dally October production. The flour output showed an in- crease of 20.9 per cent over 1920, the..report stated, was a further tmprovement in the amount of lead and sinc mined. cided tucrease tn building ac- ity was shown the advance being placed at 85.8 per cent over Novem- ber of last year, Early holiday trading was reported to be in fair volume with November sales by retaflers averaging 13.8 per cent below thes» of last year in money values but fn units being about the sa n a of Collections were said to be below normal—fair in the cities and poor in the country. ‘There were 100 commercial failures in the district with Mabilities aggre With the | Fran gating $2,878,700 as against 35 in Oc- tober with tetal Imbilities of $1,582,- 279. Tht section of the review pertain- ing to the packing industry sald that although the nattonwid strike of packing plant employes begun it would not be possible to guage the effect accurately until more compre hensive reports were at hand. The banks report indicatéd that, with winter setting In, there had been no material’ improvement in the un- employment situation although it was stated that organized efforts to com- bet, the situation were being made wherever possible. After reviewing the financial ettua- tion In detail, the review says: ‘While gome results of highly bene- ficial character already are to be seen it is patent to economic observers that the troubles which beset the agricul- turalists and growers and feeders of Uvestock cannot be alleviated in a day, a week or a month and that time pluck and patience, as well as money and credits are necessary factors in the process of bringing about a re- turn to normalcy on the farm and CHICAGO, Dec. ot Markets)—Cattle 000; beef steers and better grade fat cows and heifers, 25c to 50c higtter; quality plain;lower grade she stock, bulls, stockers and feeders steady to mger; top steers, $9; bulk, $6.25@ 7.76; calves strong to 25q higher; bulk vealers, $8@8.25; tew choice $3.50 and higher. Hogs—Reeetpts, 44,000; market 20c to 30c higher than Saturday's aver- age, spots more; mostly to yard trad- ers, shippers and small: packers, top $8 on 150-pound weights: bulk 170 to 200-peund average, $7.70@7.85; bull, 210 to 250-pound weights, $7.45@7.65; pigs, 250 to 80c higher; bulk desirable mostl. 8; few at $3.26. Sheep — Receipts, 18,000) market generally steady to 26c higher, fat lambs to packers early, $11.25@11.40; sheep, $11.50, some held higher; good 90-pound yearlings, $10; ‘good 104- pound ewes, $5.25; choice comeback feeder lambs, $10.50 Denver Quotations. DENVER, Dec. 27.—Cattle—Re- of the state many thousands of dollars] ceipts 1,100; strong, 20 higher; beet annually because estray stock that is| steers $5.00@7.00; cows and heifers shipped is not permitted to reach cen-| $4.00@5.00; calves $6.40@@7.50; bulls tral marketing points where inspectors | $2.00@8.00; stockers-and feeders $4.50 are maintained by the Wyoming Stock | @6.40. Growers association was an opinion expressed Friday at a meeting of the| ¢ state board of Ifvestock commission- ers. The law at present provides for inepection at market centers, but does not require inspection before ship- PAUL i. MOORE Witt {NEVER WEAKEN BUILD HEYENNE| Paul Fi. Moore, formerty of Casper will erect a five-st modern fire: proof building in Choyenne, according to amnouncements received here to- day. The new building will be erected on the corner of Seventeenth street and Capital avenue in Cheyenne and will be 66x122 feet. ‘Two weeks ago Mr. Moore and J. WW. Bingenheimer of Casper bought the tot on which the new building will be erected for $51,000. Other noegotia- tions were completed, and Mr. Moore bought out Mr. Bingenheimer’s inter- est in the property, paying him $1,- ae 000 for hie half. Mr. Moore ennounced yesterday in" Cheyenne that the new building will be within the next six months so that it will be ready for eccupancy before the summer rush, ‘The first floor of the new building will be devoted to 10 storerooms,.the sec oné and third £1 to offices and |* dern Hogs—Recelpts 2,700; 28@850 high- top $7.59; bulk $6.80@7.35. heep—Receipts 2,000; 15@260 high- er; lambs $9.75@10.28; wethers $5.00@ 5.60; feeder lambs $8.25@9.00; spring lambs $3.50@4.75, Ask Brennan. Radiator and Hood Covers Now at Bargain Prices We make them for all makes of autos and trucks, Especially for Forés now §8.00 per set, Extra Quality for Dodges $9.00 Der set, All others accordingly in price, Casper Auto Top Sh Phone 1084R 638 Be canter mt. Stephen's Taxi Line PHONE 132 Courteous Drivers Quick {om Bell Royalty x ‘Western Exploration. 2.50 ‘Wind Rtver Rerg. 01 United Pete 1.90 Hamfiteu Dome a 1.40 MARKET GOSGIP AND FIELD NEWS ONLY ONE WATER WELL TN MEI In a statement on the Mexia oil field, B. G. Dawes, presi- dent of the Pure Oil company, making water on the Lile lease is in the extreme north end of the field. The well is making 80 per cent water and sedi- ment, after producing 200,000 “No other wells ‘ said. “Tho surprising wug about the Lile well ia that {t produced ofl for nearly six weeks before showing water, as it is down on the structure more than 100 feet below the high point of this structure. It was -ex- pected to go to water and other wells under the same conditions will go to water, “Not one of the wells upon the structure has shown to this date any water whatey ‘Humphreys-Pure Onl* interests @ the bulk of the acreage on the high part of the struc- t and so far have drilled in 87 ‘ell Nine of these are offsets, which allowed to flow open, while inside wells are pinched in. Daily production from Humphreys-Pure Oil offset wells is now more than 30,000, barrels and if inside wells were open- ed up our production would exceed 80,000 daily. “Before February the Humphreys- $114.26 $116.25 Mexican Petroleum Ou FOREIGN EXCHANGE, Bterling Francs Big Muddy ~~~. ...-.--------. 1.40 Mule Creek pena eenacceagiee ee stated that the well which is barrels in six weeks. + I know of have gone to water,” he Pure Oll interests will have gt least neth Durfinger of 20 more offset wells the United States. “I am of opinion that, acre for acre, this fleld will be one of the most pro- ductive in the United States. I think |this opinion ts bern: ovt by the lar-\ ger ofl compzntes, such as Humble, Gulf, Magnolin, Prairie, Sinclair and Texas. Humphreys-Pure Oll interests have more than 20,000,000 barrels of storage tanks contracted for and four of these large companies are building 8-inch pipelines into Mexia as rapidly the course of business, but I think it is not likely that all of them could be mistaken in this matter,’ Sane Now Company Organized. ‘The Baxter Basin Of] company has ‘ H i i i i i i i i i t a if Hl 7 i HT S al AT METHODIST GHURGH ADMIRED BY AUDIENCE “The most impressive service I over attended,” was the verdict of many who were at the Christmas service in Wife Joins Hubby In Cheyenne Jail in the night was arrested at another hotel while in illegal association with Phil Thatz, has joined In the city her husband, “Curly” Young, arrested in the “on the tan which was by finger after he had rescued his from the place. Mrs. Young, in court Friday, was sentenced to fine of $100 and spend 3 & Iron—Steady; one No. 3 Central Leather, btudebaker features included Corn Products . - were ? for the principal foreign firm. ? 277, 912,000; Oceania, $10,151,. , against $6,773,009, and Africa lovember against $4, | i i i ( i & 5 E3 at the Cat- 12-27-3t; SON AND ESSEX CARS GUT IN PAIGE nei ss aa $32.75. 7@18. Service Phaeton ~..____ Effective December 24th Prices of Hudson Models are reduced as follows: —--$1695 Seven-passenger Phaeton ____ 1745 Cabriolet - Coupe ~~. Sedan _.. Touring Limousine _________. * Limousine _. F. ©. B, Detroit) LN Ye MoTUR TRUCK & VA CASPER, and Ye! 2295 2570 2650 2920 8495 oA ‘OMINo. Douglas Fairbanks in “The Thros Musketeers” ~—]) Lander Dairy and Produce Co. WYOMING-PRODUCED PRODUCTS 546 South Chestnut Phone 1785. \ Building Materials Weare equipped with the stock to supply your wants in high grade lumber and build- ers’ supplies. Rig timbers a specialty. KEITH LUMBER CO. Phone 3