Casper Daily Tribune Newspaper, December 29, 1921, Page 6

PAGE SIX GRAINS RALLY AFTER SLUM? Prospects for Improvement in Government Crop E mates Bullish. CHICAGO, Dec. wed weakness at the op: aspects of the « to the 1 sible for th ying based on chances figures today on would prove: bullish market tenc uying of whea ried from % $1144 to to $1.04% a of “iberal p for Russia helped somewhat. Pri 0 %o higher, wi 7% and July jetted, % to $12 » | Outwest Today’s Markets by Wire FURNISHED BY TAYLOR & CLAY LOCAL OIL STOCKS. Bessemer wecsesseeeee .20 Big Indian 23 Boston-Wyoming . Buck Creek . |W. O. F. Rites ¥ On... 33 | Western States -33 NEW YORK CURB CLOSING. Marine ...0s-e-+----$ 2-37 Mountain Producers 9.75 Merritt ...... |Gienrock Oll Salt Creek Con. . Prod. and Refrs. Elk Basin {Cities Service Com.*.. 198.00 S. O, Indiana ........ 87.25 | NEW YORK STOCK EXCHANGE. | Mexican Petroleum ..$114.62 $113.50 | Sinclair On 21.50 | 21.37 | Texas Ol . 46.12 53.00 }U. 8. Steel 84.25 Union Pacific + 126,00 FOREIGN EXCHANGE. $4.19 % Jupiter Kinney . Lance Creek Roya! Lusk Petroleum .. Mike Henry Mountain and Northwest . |Sterling ... ‘ory |Prance ‘og | Marks ‘og [Lire Picardy Riverton Refg. Che Casver Daily Tribune MONEY RATES (GOV. GAREY NOT GURB TRADING, YET DECIDED ON: “| EXTAASESSION (Continued from Page 1) ir it 1s Geemed necessary, legisiative Market Hesitant and -Irre; lar After Tightening Yesterday. NEW YORK, Dec. 29.—urther selling to adjust income tax returns) for the year and pressure against mi-|°t/on can be taken. nor specialties accelerated reactions} “Walle the amount of penalities of 1 to 3 points in today’s stock mar-| Which can be imposed if taxes are de- ket. Sales . approximated 750,000] lInquent and if property is _sold, will shares. The closing was heavy. amount to 39 per cent, I find that 15 — per cent of this penalty {s assessed NEW YORK, Dec. 29.—Yesterday’s|at the time of sale of the property. unexpected tightening of calf money |There is nothing in the law which fix- rates to 5% per cent accounted for}es the time when qroperty must be the hesitant and trregular tone of the! soid for taxes although the Inw does stock market at the opening of to-[nx the date when property must be ad- day’s seasion. Some of the invest-|yertised, Of the various county treas- ment rails were fractionally higher|urers will not fix the date of sale of pave tl dani rhage Tee, |property until after the time that the Sears mick, Famous Players and] jext legislature meets the legislatuce Davison Chemical registered similar]. debs a measure ae aes gains. The independent steels were| i ogg property fs listed for eile from lower, however, and heaviness was|) 0") ." 0 cont penalty, By doing shown by prominent ils, motors,}11'° the penalty which is now provid- Burns, Bros, and Columbia Grapho-| {1"5,0"t,0 will bo cut in half which phone preferred. Cables announcing} m the penalities the failure of an important Itallan|!9 8! the relief fro EB papers Russia relief purchases together with the reducti of the government crop th had a bullish influence eu corn. After opening unchanged to %o higher, May 54%0 to 54%0, the market advanced moderately all ‘around, In the later dealings elivery underwent a materia! sag The market closed unsettled at %c net deoline to %o advance, with May BSQEE% to 55%c. Oats sympathized with corn, start- ing %@%o off to Me up, May 38% to 38%c, and later hardening for all deliveries, Lower quotations of hogs weakened provisions. Red Bank ; Royalty and Producers Sunset ; : Tom Bell Royalty Western Exploration. Wind River Rerg. United Pete Wyo-Kans Wyo-Tex Western O11 Fi @ December elds .. wro» WINTER WHEAT CONDITION AND ACREAGE SHORT Reduction of 1.2 Per Cent Un- “der Total of 1920 Shown in Acreage Figures of Government. WASHINGTON, Dec. 29.—The area wn to winter wheat this fall is 44,- 000 acres, which is 1.2 per cent than the revised estimated area sown in the fall of 1920 which was 44,847,000 acres, the department of agriculture ‘announced today. The winter wheat on Decem- © 76 per cent of a normal, ared with 87.9 a year ago, 85.2 wo years ago and 89 of the 10-year aver, The 1.90 1.40 Closing Quotations. Wheat— High Low 2.17% 114% 1.07% 1.04% Close 1.17 1.06% 55% 56% 54% 56 55 56% 39% 40% 3s 39% 39% 40% ———---14.95 Butter and Eggs. CHICAGO, Dec. 29.—Rutter — Un- settled; creamery extras, 40¢; firsts, 32% @89c; seconds, 30@32c; standards, 8T%Kc. Eges—Lower; receipts firsts, 41%c; ordinar; miscellaneous, 39% firsts, 85@36c. Potatoe: CHICAGO, Dee. Firm; receipts 27 cars; total United! , States shipments 367; northern white sacked $2.000@2.20 cwt.; sacked $1.80@1.85 cw sacked $2.40 cwt.; Minnesot 5.868 cases —Potatocs— area sown res, which is an the revised in the fall of 1 000. acres, | December 1 to rye is 5,184,000 2.6 per cent more stimated area sown , which was 4,228,- The condition of rye on per cent of a 90.5 a year ago, § : | ars ago and 90.90 of the Discharge Papers _|1»¥ear averase ; | ee ie ee Of Soldier Stolen ${} OQ DONATED FOR ASS 1) { 3 ete anes tee eeserer see! HOSPITAL EQUIPMENT Adolph Braunscheig early Tuesday 5 morning stole, in addition to a number} fe ten paegongl charge papers of Harold Findholt, a| prominent Wyomingite whose identity roomer. It is believed they mistook/is withheld for the present has offered the discharge papers for a valuable|to donate $10,000 for the purchase of | Warren Memorial hospital, now near- {ing completion here, provided a like | sum fs ral: ar subscription. Market Gossip RAIL BONDS AUTHORIZED ||_ WASHINGTON, Dec. 29.—The 8t. Mercer Dome Work to Start. [thorized ‘by the interstate commerce BASIN, Wryo., Dec. 29.—The Ohio; commission to issue $2,122,000 in has contracted for the|bonds to reimburse its own treasury Mercer dome and the rig is | its lines, to arrive here tomorrow.) The Chicago, Indianapolis & Louis- Work will be rushed and ff the weath-| ville railroad was authorized to issue March 15th. Acreage near the Ohio holdt: is soaring in price and a als are pending for other CHEYENNE, Wyo., Dec., 29—Burr: of articles af Jewelery, the army dis-| CHEYENNE, Wyo., Dec. 29.—A security. jequipment for the Frances Pershing |Louls-San Francisco raflroad was au- ir drilling outfit and ma-| for expenditures on betterments along er permits the hole will be drilled by| $3,493,000 in five-per cent bonds. ti in th c s first woman lawyer is ymour Bell, a McGin | Mrs. € graduat funt Call money LIBERTY BONDs. 3% |Pirst 4s. Big Muddy i Mule Creek | Livestock Mart | { CHICAGO, Dec. 29.—(U, 8. Bureau |of Markets)—Cattle—Recetpts, 12,000; | good to best steers steady; medium | grades slow to lower; 1,450-pound | steers, $9.25; yearling steers and heit- lers firm; some steer yearlings held |above $10; bulk beef steers, $6.75@ |$.10; she stock and stockers steady; | bulls 150 to 25c higher; veal calves |250 higher. |. Hoge—Recetpts, 69,000; unevenly |25e to 350 lower than yesterday’ | average to shippers and yard traders; | heavy butchers off most; top, $8.10. for underweights; 160 to 160-pound kind, $8; bulk 180 to 200-pound average, | $7.60 to $7.90; bulk 220 to 240-pound hogs, $7.15@7.50; pigs mostly 260 low- er; top, $8.25. Sheep — Receipts, 15,000; market generally steady; fat lambs to pacic-| ers early, $11.25@11.65; several loads held higher; good 90-pound yearlings. $10.26; fat ewes top early, $5.35; no choice lghts sold; good comeback feeder lambs early $10.50. Denver Quotations. DENVER, Dec. 29.—Cattle — Re- celpty, 600; market strong, higher; beef steers, $6@7.25; cows and heifers, $4.50@6; calves, $7@9; bulls, $2.50@ 3.50; stockers and feeders, $4.50@6. Hogs—Receipts, 2,000; market 15¢ ond 2c lower; top, $7,60; bulk, $6.90@ 7.35. Sheep—Receipts 2,100; market open- ed 15c lower; lambs, $7.75@10.15; ewes $3.50@4.25; feeder lambs, $8.50@9. Pres. Harding Is Peruvian Choice For Arbitrator LIMA, Peru, Dec. 29.—(By The As sociated Press.)—Peru in a new note to Chile proposes that the president o fthe United States ba asked to act as final arbitrator of all differences between the two countries, no "ppea! being allowed from his decision. The note is in reply to Chile's communica tion accepting the principle of arbitra- tion and the plan that each country name a plenipotentiary to meet in Washington to establish the “basis and purpose” of arbitration. Tho Peruvian reply proposes that each nation, before naming a pleni potentiary cable to Secretary Hughes soliciting the consent of the United States for holding the negotations in Washington and also asking President Harding to act as arbitrator. Pumping Oil Out of the Ocean Pumping ofl, as most people picture it, fs done out in some deserted part of the couptry, but in California it le different. Some of the best gravity oil in this state is pumped out of the ocean. The wells shown in this picture are standing out over the Pacific ocoan about 80 miles north of Los Angeles. banking institution causcd moderate|that has been asked for, in the leading foreign ex- Lack of public support encouraged the shorts to begin a series of drives during the morning. Delaware, Lack- awanna end Western, Chicago and Northwestern and Colorado Southern were heaviest of the rails, averaging - point declines. essure against Burns Bros., Columbia Graphophone preferred and some of the low-grade olls, metals and specialties became more insistent, Pierce Oi! preferred, American Cotton Oil preferred, Gulf States ateel, Nickel, Chino Coppgr Suit dropping 1 to 2% points. reaction waS partly checked before noon, Bethlehem Steel and sugars fea- turing the {rregular rally. Call money opened at § per cent. Silver. | NEW YORK, Dec. 29.—Foreign bar silver, 65c; Mexican dollars, 49%c. Foreign Exchange Irregular. NEW YORK, Dec. 29.—Great Bri- tain—Demand 4.19%, cables 4.20- France—Demand 8.01, cables 8.0144. ‘udy—Demand 4.28, cables 4.28%. Belgium — Demand 7.66, cables 7.06%. Germany—Demand .54, cables Holland — Demand 36.65, | 36.71. | Norway—Demand 15.90. Sweden—Demand 24.95. Denmark—Demand 19.80. Switzerland—Demand 19.50. Spain—Demand 14.92. | Greece—Demand 4.20. Argentine—Demand 33°50. Brazil—Demand 12.80. Montreal—94%4. 54%4.| cables: ® Money. NEW YORK, Dec. 29,—Call money, firm; high, low, 5; ruling rate, 5; closing bid, 434; offered at 5; last.loan, | time loans, firm; 60 days 5@5%; 90 days 5@5%: six months 5@5%. Prime mercantile paper 6@5%. LIRE DROPS IN VALUE ON NEWS Closing of Big Bank in Rome Results in Slump of Ital- ian Exchange. NEW YORK, Dec. 29.—(By The Associated Press)—Italian exchange, tiready the weakest of the allied re- nittances in the local market, dropped 10 points to 4.23 today upon ‘receipt of news of the closing at Rome of the Banca Italiana di Sconto, and the declaration by the Italian government of, @ modified moratorium. Gugllemo Marcont, the wireless in- ventor, is president of the board of Mirectors of the bank which was formed in 1915 by Consolidation of several older financial institutions. The bank has more than 150 branches in Italy, France, Spain, Tur- key, Brazil and in the French col- onies. Latest reports available ‘here showed the institution had a paid-up capital of 315,000,000 lire, a reserve fund of 68,090,000 Ire and current deposits of about 3,540,000,000 re, NEW YORK, Dec. 29.—The Italian Discount and ‘Trust company at 899 Broadway, New York, correspondent of the Banca Itallani di Sconto of Rome which has been closed, also closed {ts doors today following a run. ——— GREYBULL ELAS LODGE READY FR LAUNCHING CHEYENNE, Wyo., Dec, 29—Judge T. Blake Kennedy of the United States Court*fro Wyoming, district deputy for the Benevolent and protective or- der of Elks, departed Wednesday for Greybull, where they will assist in instituting an ‘El lodge tonight. A large delegation of Elks from Sheri- dan, another from Billings and smal- ler delegations from other lodges will attend the installation. Katherine 8. Deveri!! and Frances Christian Kyle, recent graduates’ of Dublin university, are the first women to be called to the bar in Ireland. Stephen's Taxi Line PHONE 132 Courteous Drivers Quick Seryice! ~\|care of but at the same time the credit be the same relief that could be pro- vided by a special serston. “There are instances where banks are not able to loan money with which to pay taxes for the reason that these banks have no funds to loan, but ar- rangements can be made whereby funds can be furnished to these banks to take care of their customers’ who want to pay their taxes. “As to the trrigation and drainage bonds that may be due during the com- ing year, some arrangement can be worked out to, take care of them whereby neither the bonds nor the tn- terest need be defaulted. The money necessary to retire a portion of these bonds will be raised in the regular manner, but to take care of thone bonds for which funds are not avail- able, it fs possible to organize a local corporation or company to purchase| these bonds which may become due! and which ‘will not be paid, and hold them until such time as funds ‘are available to take care of them. While the, details of such a plan hve not been worked out, I belleve it ts pos- sible to handle the matter tp this way and that the money can de furnished which can be loaned to the banks and by them to corporations so organized, and by this means not only the bonds which are coming due may be taken of frrigation.and drainage districts will be protected. “It was also suggested that the State Farm Loan Act be amended so that {t would provide for higher valu- ations, that the amount avatlable for farm loans should be increased and that where counties had not availed themselves of the money allotted to them that thelr share should be allot- ted to other countries which had ex- hausted their quotas. & “While there are instances where on account of provision of our present law it is not possible to loan as much on a farm as could be safely loaned such instances are rare. As a general |thing the state has been loaning on as high valuations as trust companies, banks or individuals and it would be poor policy for the state to loan more. on property than those who make a business of loaning money. Up to date, but two counties in the state have exhausted the quota allotted them, namely, Goshen and Laramie counties. While the last legislature provided a million dollars for farm loans, and while the law has been in operation since July 1, up to December “As soon as this heartng ts complet- ed, our public utilities commission will take up the matter of rates within the state and {f it {s found that rates here are out of proportion to interstate rates, there ts no question that the utilities commission will order « re- 6uction. Little can be dons until such time as the Interstate Commerce com- mission announces its decision in the case now pending before them. ; state rates are much more {mportant| to a farmer in marketing his products than interstate rates. “From certain sections of the state has come a demand that an act be passed providing for the distribution) of the ofl royalties. There is at the Present time an act on the statutes providing for the distribution of a ara tion of these royalties to the schools! of tho state but a case ts pending in the supreme court to determine the} constitutionality of this act. Should the supreme court decide that the act| is constitutional the money will be dis-/ cal relief, I am willing to calling such a session.” IRREGULARITIES ARE CHARGED IN MEXEXECUTION TUCSON, Ariz. Dec. 29.—Federal Inter-{muthorities have admitted here that there have come to their attention per- Will Be Taught in a . Night Class Opened January 3, 1922. By a competent instructor who carried a grip for many years. Uearn more of HUMAN NATURE, Earn $5,000 to $20,000 per year. This will be interesting. Arrange with Mr. In- structor for text books now by calling Casper Business tributed, -but showld the court decide ‘adversely, any new act that the legis- lature might enact providing for tho distribution of these royalties could not be carried out on account of it being contrary to the constitution of the state. “It is my Gesire and ‘purpose to 4o anything possible to relieve the financial situation of the farmer and ranchman and with this end in view I have given most careful and thought- ful consideration to all suggestions that have been made to me and at the same time have tried to devise ways and means to take care df the situation and also have endeavored to prepare a legislative program that would bring about the desired resuits. I am free to confess that the remedies ‘that I have suggested are about the only way that I know of to take care of the situation, I feel that just as much can be accomplished by carrying out the suggestions have made and at the same ‘time $40,000 to $50,000 can ‘be saved to the taxpayers of the state if an extra session of the legislature can be avoided. Were it possible to provide relief by legislative action, the legislature would be assembled imme- diately but I doubt very, much that a situation which {s purely an eco- nomic one can be-helped by legisla- tion. “The farmers’ trouble is due to the fact that he either cannot market his Products, or if he does market them, he must accept a price that fs less than the cost of production. Wealth cannot be created legislation, neith- er can the legislature create a market or at this time bring about a better market for farm products. The pres- ent financial depression {s the result of a World war and follows a period of the greatest expansion of credits known in the history of the country Not only Wyoming and the United States—but the entire world is suffer- ing from a financial depression. Many 1 only 132 applications for loans were of the countries of Europe are bank- received arnounting to $352,756, or onlyrupt, their currency is depreciated Douglas Fairba: Starting in “The Th riday at the Iris Theater. ree Musketeers.” FOR THIS WEEK Casper Poultry and Fish Market Just Received a Fine Shipment of All Kinds of Fish, Fresh Crabs and Lobsters. __.26e Springs, per Ib.. _. 28e - STRICTLY FRESH EGGS Phone 1384, or Call 227 W. Yellowstone Ave. sistent rumors,to the effect that the execution of Gen. Francisco Reyna in ‘ogales Monday was preceded by pos- sible irregularities. It admitted further unoffictally that there would be an investigation to ascertain whether Reyna may have been kidnaped on the American side of the border for political reasons and transported under cover of darkness to Mexico, where a trial and exevu- tien were promptly carried out. A persistent rumor here says that the capture of Reyna occurred Satur- day night rather thax: after he was found unearthing munitions as stated in press reports. While federal authorities declined to make a formal statement, !t was intimated there {s a strong belief that Reyna may have been kidnapped and that the case will not go without in- vestigation. Due to the numerous enemies of General Reyna resulting from his long continued rebellious activities in Mex- ico since the early nineties, {t is con- dered there is added strength to the story of the kidnaping of Reyna. What would be the results of the verification of the kidnaping, federal officials flat- ly decline to state or intimate. TEN FACE PROSECUTION ON LIQUOR VIOLATIONS CHEYENNE, Wyo.. Dec. 29—Ten informations charging violation of the| Voistead act were filed in United States district court here Tuesday by United States Attorney A. D. Walton. The defendants, all arrested in recent raids, are Jennie Pondue, alias Jennie Pondelio; J. W. Dyson, alias Al Dick- inson; ‘Marie Gibbons, alias May. Brown; Jack King, allas Jack King: | Edward Caten, Harry Bloom, Joe! Ferner, Joo Bogue, Pete Nelson andj Rosa Belle Knight, College Second and Durbin Sts. Phone 442-W Radiator and Hood Covers Now at Bargain Prices ‘We make them-for all makes of autos and trucks. Especially for Fords now per set. Extra Quality for Dodges per set. All others accordingly in price. Casper Auto Top Shop Phone 1084R 633 8. Center St. $3.00 $9.00 MAKE YOUR HOME AT The Albany Hotel : WHEN IN DENVER Conveniently located near the heart of the busi- , ness and shopping center of the city. Car lines from Union Depot to the door. Best service. Everything in the market to eat. You may catch your own moun- tain trout from the pool in the Italian Garden for your meal. Neat, clean, airy rooms. In fact, all the comforts of a real home and you will enjoy your visit in Denver if you stop at The Albany, ce eo oe WYOMING-PRODUCED PRODUCTS 546 South Chestnut Phone 1735 Information of , . stance to Burke Oil Stockholders CALL D. B. SULLIVAN 217 Oil Exchange Bldg. Phone 1530 Building Costs Lowered By having us sand your interior finish you save from $20 to $30 on the average 5-room house. Just tell your lumberman to have us sand your finish. Casper Mfg. and Construction Co. Phone 1096-J~ SOPOT OLO EO: 29000 0eeeoe eeeeet Pa