Casper Daily Tribune Newspaper, February 25, 1922, Page 7

! ant jo | started in July, 1913, with $2,000 of Cala.. Petroleum .. ~-113.648.14 3.02 -$14,198,893.72 neces $62,923.09 Eiopitet ges g i t i cH fin slits worth $99 per share. 3 “This expert takes the conservative average of our ol at $2.49 per bar | had moch finan to do ang has. fone If, It, anya F4 others, need.) eda general leasing law and it was Raj panrbaasd instrumental in securing it. It then . had. many Jeases and its to get_ under the| law and them. Woven all through Reortiniyhs Bi ted drilled and de- % and ds and bilt and ‘operate "pipelines. Tt ‘started. milion ‘projects in , 1920, : her tes inh} for them tu qt t HL a i 2 2 & & e jars an is i ie The violet-is the flower of the hemmedan religion and violet is mourning color of its followers. Fhe Taerer Furnished by Taylor and Clay taSenaa rr UF ea38 om 30 Y on -.. 16 NEW YORK CURB CLOSING frd Mountain Rrotopery 8 at se. + 11 94% 66% 55% 5% 13 25% 64 Montana Power ..... Great Northern Ore .. ~ —_ WHEAT SOMRS. TO NEW HIGH Profit-Takers Fail ‘to Shake Faith of Buyers and New Top Is Reached. 66 35% Feb. 25.—Wheat started lower on the Chi- and the ere | | July —.11.97 Ribs— q be GE ate ef Fee at wpa ave i Mule Creek The ‘export demand was good and the market developed broadly on « strong ‘undertone with some leading commis- sion houses on tlie buying side. The movement took May up to 67% and July to769%, new highs for the crop. before the end of the first hour. Profit-taking caused come reaction but toward the end of the scant country offerings and strength in wheat sent prices rocketing and the close wns 68% to 68% for May with July At 70% to 70%. “Oats shared export prospects w'th corn and were correspondingly strong. Initial prices were % higher with May 41% to 41% and July 43. The advance was steady and May s0on reached 42%. Z ‘changed to five cen! igher. ‘No marked developments were. ob- servuble. Wheat— Open. High. Low. Close. | May $144 $1.47% $1.44 (91.46% July -. 1.23% 1,26 1.23% 1.25% Corn— 66! 68% tase “70% 42% A% 86% 68 68% 0% Az A \ May -— jJuly -—— Oats— {May -. 41% iJuly - 43 Pork— May -— Laré— Al% 42% 20.60 May ---11.77 1185 12.16 11.77 11.97 11,85 12.03 11.35 May --- July 10.95 11.02 11,95 11.00 Butter and Eggs. CHICAGO, Feb. 25.—Butter higher; creamery extras, 36%c; firsts, 31@ 3be; seconds, 28@30c; standards, 35c. Jower; Eges receipts, 17,436 cases; firsts, 25%c; ordinary firsts, 22@23c: miscellaneous, 24@35c. eee STOCK BROKERS FAIL, NEW YORK, Feb. 25.—An involun- tary petition in bankruptcy was filed were listed at §25,000 and assets at $3,000. UCTION IN FOREIGN SUPPLY — PUTS NEW TOP ON GRAIN PRIC b. 25,—AN previous top prices for wheat en outdone this week in the market here, efly owing to heavy reduction in estimates of supplies Tetind to be available from Canada, Australia and Argen- with a week Compared al corn ago, wheat this morning was showed 33% to 8740? a 4-cent Tolle Pethiune AAAIL ISSUES UP INSTOGK MART Speculative Sto¢ks Lead Con- structive Side on New P Yerk Exchange. | NEW YORK, Fob. 25.—Specuiative ‘or low priced rails of the western and southwestern groups again represent- ed the constructive side during to- fede short but very active stock roarket, advancing 1 to 2 Points, Oils, especially the domestic division, made similar gains under lead of Califor- nia Petroleum and motors strength- ened on-the further buying of Stude- | baker. Market Street Railway com- Mon an@ preferred issues supplement- vd recent adynnees by 2 to 5 points and United Ra.‘ways, Philadelphia jeompany and Weste-> Union were j#mong the other strong utilities. 1 dependent stvcls w the only con- spicuous exceptions to the furtiier ward trend, losing 1 to 3 pointe. United Fruit and National Ung were moderately {Closing was strong. mated 475,000 shares. lower. The Sales approxi- | NEW YORK, Feb. 25. —SeNing of Independent steels, yesterday's disturb. ing feature, was resumed at the open- Gulf States and Republic preferred reacting large fractions. Pails were firm to strong on the renewed demand for Canadian Pacific. Missouri Pacific Preferred, Rock Island, Louisville & Nashville also came forward. Market 5 | Street Railway, prior preferred added two points to yesterday's substantial 0 |fain, the junior preferred rising four Points. Equipments, motors and food specialties were irregular. - Foreign Exchange Strong. NEW YORK, Feb. 25.—Great Bri- tain, demand 4.41, cables 4.41%: 60- day bills on banks 4.38. France, de- mand 9.05%, cables 9.06. Italy, de- mand 5.14%, cables 6.15. Belgium, de mand 8.60%, cablés 8.61. Germany. demand .44%. cables 45%. Holland, demand 38.40, cables 38.46. Norway, demand 17.08. Sweden, demand 26.40. Denmark, demand 20.95. Switzerland, demand 19.56. Spain demand 15.98. Greece, demand 4.56. Poland. demand 102%. Czecho-Slovakia, demand 1.74%: Argentine, demand 37.00. Brazil, de mana 13.75. Montreal 97%. Of1 Merger Planned. CHEYENNE, Wyo, Feb 25.— An. jnowncemenit was made today that. = special meeting of the stockholders of the Wyoming Fuel Of company will bo held in Cheyenne Marck.7, to consider a proposal for merger of the corporation with the Dunn Station Oil and Gas company. ‘CATTLE BRING HIGHER "PRICES, MONTANA SALE GREAT FALLS, Mont., Feb. 25.— |One of the heaviest cattle sales taking |to mark an upward tide, fook place in the sheriff sale of the Eskew herd near Cascade. Although a blizzard raging nine bidders drove ten miles through snow and below zero weather coming from all sections of the state. ‘The herd numbered 385, cornmon grade, and brought $42 for _ steers, $22.60 for cows, $12.50 for calves. erie ait he MUSIC LOVERS. This is your last chance to hear the famous master pianist. Leopold Godowsky, before his departure for the Orient on his concert tour three years. 2-14-13t Enamet-| © ing of today’s stock market, Crucible, | | = | | Livestock Mart | Chieago Prices. CHICAGO, Feb. 25.—{U. 8. Bureau of Markets}—Cattle receipts, 11,90/ Compared with week ago: Beef steer closed’ largely steady to 15¢ higher with spots 25c up, lower grades show ing the advance ‘at xhe stock 10c to 26c higher; canners and cutters most- ly steady; bulls gained largely 50c; veal calves mostly $1 higher; stock- ets and feeders 15¢ to 25¢ higher. Hog receiptr. 7,000; market active and mostly fe to 15e higher than Priday’s average; shippers bought about 1,500; holdover light; top, $11.10 for one load 175-pound average; bulk, $10.50@11; pigs steady. Sheep receipts. 3,000; mostly pack. ers direct; the few loads on sal brought about steady prices. Com- pared with weck ago, killing classes 25¢ and S0c higher; shearing lambs 50c and 750 higher. Omaha Quotations. OMAMFIA, Feb, 25.—(U. 8. Bureau of Markets)—Hog receipts, 5,600; market active, 5e to 10e higher; bulk $1010.30; top, $10.35. BUND SECURITIES adress all inquiries to John U. Ft te Casper Tribune, Wyoming repres- tative Bankers Trust company —_— has _ been Marked by a lack of financing. There have been no new bond issues of con Sequence during the period and the immediate future does not promise many large or important releases. Ne §etiations have. however, been in Progress with the Dutch government relative to an issue in this country or England. It is not known whether the joan will be made in American dollars or Dutch guilders. However, it is a Teasonable supposition that the loa will be made in this country through @ group of New York bankers. The condition which has been deve! oping in the eastern financial centers and the manufacturing districts of this country has resulted in a decline in the rate of both time and call money. This condition is even more Pronounced in London, due primarily Yo the decline in sterling which began & matter of two years ago. The result was that funds drifted towanis Lon *|don from all parts of the w ed with the improvement in tho f! -} cial condition of the British go’ steady; veal crives fully 25e higher: Stockers and feeders strong. Sheep receipts, 800. Compared with Week ago: Lambs and yearlings, 75c and $1 higher; sheep, 25c and higher; feeders strong. Denver Quotations. DENVER, Feb. 25.—Cattle receipts 600; market steady; beef steers, $6@ cows and heifers, $5@7; calves, 11; $2.50@3.75; stocxers and eeders, $5@7. Hog receipts, 600; market 10c high er; top, $10.35; bulk, $10,15@10.35. Sheep receipts, 1.000; market steady; lambs, $14.25@15; ewes, $7@3: feeder lambs, $13.50@14. ——.___ BUTTER MARKET WEAK IN FACE OF LOWER RECEIPTS 50 mnt has had the tendenecy to raise both the prices of investment secur. ities and the pound sterling, to its resent level of about $4.39. Thi uation in London is more pronou than in Ne wYork for in the former| call money has been quoted for some time at 2% per cent, while in New York the call money rate has been varying from 4% to 6 per cent. It is a reasonable supposition that with his tendency evidencing itself that unless STANDARD BON! can Tel. 63 1922. American Tel. 68 192: «vur & company, 7 Tgentine, unlisted, DECLINE HOLOS SURPRISE} CHICAGO, Feb. 25.—The butte market for the week ending Februa: 25, ahould have been firmer than th previous week, frim the standpoint of production and receipts, according to the weekly review issued by the Tni ed States bureau of markets, but. | other factors which played an tmpor ant part, the reverse was true. Reports from various producing scc- tous show that production was not go large but the Wednesday holiday pr: baby accounts largely for the decreas in receipts. Heavy rains and snow { some of the heavieht producing’ cer ‘ers also accounts for delay in: r ceipts. However, although receipt were lighter, still they were not + readily moved. Probably the most important fact causing the easy, unsettled conditi ompared with the previous week, w: he Inck of inter-market business. Dv ng the previous week there wa» 1eavy movement of goods, especin! storage, toward the east. Thero w also & good movement of fresh ce: tralized in that direction. As a resu! goods otherwise available were off, th market while in transit. Storage withdrawals are falling o: withdrawals for the week being 522 241 pounds lighter than the previou: week. <A study of the fundaments factors which affect the market, hov ever. brings to light practically no‘ ing of a real weakening nature. 2 ae Sliver. of NEW YORK, Feb. 25—Foreign ta silver, 63’4c; Mexican dollars, 48% "CHANGE TRADING DURING WEEK IS LIVELIEST OF THE NEW YEA’ mnsylvania R. R. 6% Queensiand, 7s N. Unforeseen [actor develops he bond market th continued slow b ing until such ti nounced expansion trade and manufactures. The rise in the bond market sincé June 1921, has been spectacular to « Gegres, and such rises as it is reason- jable to expect wili continuo as a steady movement, provided that um [foreseen developments In the Nation al or Interrational situation do not occur. eady rise extend 4&8 there is @ pro. in both foreign bBo QUESTIONS AND ANSWERS, Is a note a sign of weakness? Not necessarily. C |many of comp | City com, ing. those jings atm sound whose ed by The National © companies iasu- feel that the out of carr then be refi erm bonds at a © of inter Why do some investors pzefer short term notes and others jong term bonds erm notes are preferred by investors who expect to have u for their f is within the few months or within one, two. or three year. Short term notes do not as a rule fluctuate very far from their issue price and may be gener. ally sold without loss in principal as the principal ts due tn a short Period. Long ‘erm donds are desirable for othe: investors because they do away jwith the “necessity of reinvesting funds at shor: intervals. short term notes ever secured by collateral or a mortgage? Yos. Very frequently. The Blectrio Auto-Lite corporation notes are se cured by collateral and the Southern California Edison notes by a mort- gage. What factors are found in an ideal investment? Security of princtpal, stabfity of Income, marketability, of the bonds, their yajue as collateral, possible ap- preciatién in value, tax exemption, stability of the industry or credit of the maker, satisfactory maturity and suitable yield. mato gcod bonds Is it necessary t! have all these features No. High grade bonds must be se- cure as to principal and tucome and industry stable if a corporation or credit record excellent if a muntical- ity. The other features are destrablo but not absolutely essential to make an {ssie high grade. BANK RESERVES UP. NEW YORK, Feb. 25.—The actual con¢ition of the clearing house banks and trust companies for the week (five days) shows that they hold $44,- 2,520 in -xceca of legal require- Like Our Government, Is an Institution Of The People By The People For The People YORK, Feb. 25.—Despite the holiday recess, bu: io on tie stock exchange this week was on the largest # most comprehensive scale of any similar period this ye prices for the most part showing substantial ent «**emen Buying \number of low prices convertible and @ebentures Issues, especially Missouri, Kansas & Texas, St. Louis & San Francisco and St. Louls Southwest- ern. In the investment group Canadian Pazific led, rising about 15 points from its recent low. Other transcon- \tinentals, also coalers and several of the more popular cotton carriers gained 2 to 5 points. Equipments, motors and ofls were foremost among the stronger indus- trials and United States Steel reacted much of {ts former leadership. Sec- ondary steels broke sharply, however, ton the passing of the preferred divi- dend on Republic Iron & Steel. Caf money again rose to 6 per cent, although. most of the week's offerings were made at 5 per cent. Some high RE A Texas Oil Bulletin The Texas Oil, Bulletin, edited by oil and financial experts, replete with a} \@%c to.%c, Net;part of the domestic winter crop re-lmaps and interesting | photographs market var- gion led to considerable reaction from [the mastmum prices reached, bat ev!:/71 dence of continued demand fer ship- ments to Europe and of apparent! holding of wheat by large market tend- ft values again. wheat surpassed price record. Ex- was’ decidedly as a check on the advance of that rd was high with hogs, but. in ‘quiry was relatively slow for pork and and containing always the tate und most authentic news of the sensation ‘Corsicana-Mexia. oil fields and all lother important oil fields of the State, ‘will be mailed to you regularly each week as issued for the coming three months, together with the latest geo logical map of Texas, regularly selling for $1.00 per copy, ABSOLUTELY FREE UPON REQUEST. Write for them today and ask us for any. infor mation-you may desiro regarding any or oil field of Texas or . Address TEXAS OIL BULLETIN Suite 766 Waggoner Building Fort Worth, Texas. of rails was the noteworthy feature, the demi: for those shares, as well as the bonds, embracing an ufiusu class commercial paper sold at 4 per cent, but the ruling rate for sho maturities held at 4% per cent, a per cent rate prevailing for the lon, er dates. LOANS, On Stocks : : All Amounts SHORT OR LONG TERM If you want to borrow money on any of your stocks or bonds, write us. We sell all leading listed and unlisted stocks, either outright for cash or on terms. 20% DOWN| Balance in 10 Monthly Payments. Write for FREE Copy of FORCE’S FINANCIAL FORECAST i T hi ages | Denver, Colo. OUR AIM IS To protect the interests of our deposi- tors and see that their funds are kept safely and securely. To give sound advice to investors and assist them in making sound invest- ments, The Wyoming National Bank CASPER’S POPULAR BANK A checking account can be started with $50 or a savings account earning 4 per cent interest with $1. C= WHY PAY HIGH RENT! We will sell you a house for small payment down. and bal- ance very easy terms. Monthly payments on some of our houses are as low as $25 per month, and in a short time the property is yours, or you can buy a lot for 10 per cent down, balance $10 er month, and you can build your own house. We allow small jouscs on the rear of the lot. Midwest Heights Realty Company Room 238 Midwest Bldg. Phone 1040W. ° PPPOOCSLEDO OOOO UNE