Casper Daily Tribune Newspaper, March 18, 1922, Page 10

PAGE TEN FLUCTUATION IN GRAIN MARKET Sharp Rally at Closing Saves Prices From Low Mark for Day. CHICAGO, March 18.—Wheat trade with May to % and Se $1.38% to 1.39, July ptember $1.13 to This response to was dis © element and higher Ltverpool inting to ue under commison the market agair Bulges could not be m the mid-session trading and toward the end the market sunk into apathy until the final minutes when a sharp rally took prices to near the and “ade net gains for - Final oriec were $1.39%4 to & for May, $1.21 to $1.21% for and $1.13% for September. arted % to lower; May to 62%c, Ju 6 to 65%c ptember 6744. Despite light re prices eased off further in the fed to recover fts early losses in the late trading and closed with May at 62c bid, July 64% @64%c bid. Oats were stenty to firm early but later were affected by the weakness in corn. The first prices were un changed to %c lower with May 39 to 39%c, July 41% to 41% and Septem ber 42 Provisions were fatrty strong and until the end of the first hour held at around yesterday's finish. Cash trade was quiet. Closing Quotations. Wheat— Open. High. Low. Close. May ——$1.38% $1.39% $1.37% $1. Juty 120% 121% 118% 1.21 Corn— May % 62H CI July uae 64% Oats— May _ 39 39% 38% July AI% ATH ADS Pork— Se Laré— May 1140 1145 2015) 11.15 July 11.60 11.65 11.35 11.37 Ribs— eee ee cee Sree eee ee OO aT Batter, Eggs and Poultry CHICAGO, March 18.—Butter high er; creamery extras, 39c; firsts, 24@ %8c; seconds 21@32; standards 28%c. Eges higher; receipts 14,160; firsts, 22c; ordinary firsts, 21@211%c; mis eellaneous 2222140. lower: fowts; fowls, ; Poosters 18c. Livestock Mart Prices. New York Stocks i] Associated Press Leased Wire ot 46% 43% Hide & Leather International € Locomotive ...... Smelting & Ref« Sugar ....... Sumatra Tobacco . T& 1h Tobacco Woolen ‘opper . . Guif and West Indies - aidwin Locomotive < Chicago, Mil and St. Pi Chicago, R. I. Chino Copper Solorado Fuel Corn Produ: Crucible Steet 2 Famous Piaye General Asphalt ~ General E Goodrich Co. Great Northi | Minois | Copper ... Louisville and Nashville Mexican Petroleum Miami Coppe Middle os ON ourl Pacific New York Cent N. ¥. N Nort Northern Pacific homa Prod. an Sears Roebuc Sinclair Con Oi Southern Pacific 44 33% 6345 mes Tt | - 134% Products . ncontinental Oil Cala. Petroleum . Montana Power attuck Arizona Great Northern Ore CONSUMPTION DEMAND | LENDS STRENGTH 10 GHOAGO BUTTER MART CHICAGO, Mareh 18.—(United States Bureau of Markets).—Cattle re- ceipts 500; compared with week ago: meet steers largely 35 a50c lower; good to choice kinds showing the least de- cline; fat she stock 25a59¢ lower; can- “ers and cutters weak to 250 lower; Bulls 15a25c off; veal calves generally $1 lower; stockers and feeders 25a40c lower. Hogs recetpts 6,000; active; lichter weights steady to 10¢ lower; others mostly steady with Friday’s average but strong in spots; shippers bought about 1,000; good clearance; top 10.36| for light and light butchers; bulk 9.90{ ; Pigs nominally steady. | ipts 6,000; today’s receipts all to packerg direct; com- pek agro: fat lambs most! fat sheep 50 lambs about Denver Prices. ch 18.—Cattlo re- beef steers, rs, $5@7.40 $2.50@3. $8.50@10.50; bulls, stockers and feeders, $6@7.25. Hog recetpts, 100; market strong to $9.80; 19c higher; top, bulk, $9.50@ yearlings, $1 @141.85; wethers, @ 3 lambs, $13.75 ; ewes, $8.50 Omaha Quotations. OMAHA, Neb., March 15 States Bureau of Mark ceipts 4,000; active to 5 to 10 cents higher; top $9.75; bulk $9.40@9.70 Cattle receip! ; compared with week ago; beef steers mostly 50c low- er; she stock £5 to 40c lower; buils about 25c lower; veals 50c to $1 low. ).—Hogs re ;| Fancy butter was the first to clean up Unitea| CHICAGO, March 18.—The factor principally responsible for the firm| condition of the butter market and the advances in prices during the past week was an excellent consuming de-| mand, uccording to the weekly report] o fthe United States bureau of mar- kets. For some weeks the demand has been good enough to take care of the current receipts and also good sized blocks of storage butter; but supplies seemed sufficient and any attempt to} push prices higher was met with | freer offerings. During this week, however, stocks began to clear better. Demand was improved to such an extent that the| Certificates of deposit. receivers of the larger markets faced a shortage and began raising their ing prices. The upturn failed to check the demand and all-week stocks were barely sufficient to take care of| buyers’ needs. The firmer condition \eas general on all four principal mar-} ket: grades of both fresh and stor- butter shared in the better de and all showed advances overe the prices ruling early in the week ~ | Merritt .... 4 |Cities Service Gom LIBERTY 114, Rock River and when this ran short, buyers turned | to the lower scores and to storage ad Th fluenced by unexpected factors, mands on the increase in produc future of the markets, unless de and on the reaction of the consumers| to the higher prices. 3 Aes Salesmen w ‘on the Independ- Addition ground all day Sunday. er; stockers and 25 lower feeders 10 to Sheep receipts none; compared with| Stocks, Securities, etc. ; lambs steady to 85c lower; sheep and yearlings 25 to 50c higher; feeding lambs about 25c lower. RALLY AT CLOSE OF WEEK HOLDS UP WHEAT PRICES IN CHICAGO CHICAGO, March 18.—So cent severe decline in the price about this week largely a week ago, wheat this morni: Corn was up a shade to %%, o vance and provisions unchanged to 25c lower. Although new rains and Oklahoma depressed over the wheat market earty in the week and s0 too |p: did coal strike developments and sharp | notice was taken also quotations, | and proved more than a counter balance. the fownturns in speci Ltverpool ive buying set in here, The contention was made that Sifference between Chicago and Liver-|er than wheat, the fact having been pool values of late had widened instead y wn that stocke of corn | % narrowed, and that continental Surope was purchasing neg crop de- Bveries ag well ap old. th the Kansas | mething of a rally from the re- of wheat has been brought through enlarged buying based opinions that setbacks had been too drastic. CG Tata Compared with ng showed gains of 14 to 1%c. ats were ¥; to 14 off to 14 ad- [volume of receipts falling off both at Minneapolis and Kansas City, and with smaliness of European stocks being emphasized, the upward tend- ency of the local market became more punced. Incidentally, greater of contingent effects in the future by reason mark | in pooling their wheat, Corn and oats were tively weal. | | t |of the action of many of the farmers | = | Prod 14% |Marine ‘Redemption fund with U. 8. Treasurer and due from | Capital paid in_ = Oil Securities Furnished by Taylor and Clay STOCK TRADING \ » LOCAL OIL STOCKS. Bessener .. 2 Big Indian Boston Wyoming ‘Price Changes Confusing Al though General Level Is Higher. Chappell . Columbine Mike Henry . $4 | Mountain % ‘ and independent steels, notably Mid- ooo vale, Republic and Sloss Sheffield, Red Bank strengthened. Coppers extended re. Picardy cent advances under lead of Anaconda Riverton i Royalty & Producers . Sunset .......... Tom Bell Royalty .... Western Exporation . 2 Wind River Refg. . United Pete and American Smelting. Hide and | Leather preferred and EndicottJohn- json gained one and two points respec- |tivety. Tidewater ofl recovered part of | yesterday’a sharp decline. The closing twas trresur. Sales approximated | 550,000 shares. Wyo-Tex NEW YORK, March 1! for profits on the one hand, and covering jof short contracts on the other made |sor uncertain price changes at the jopening of today’s stock market. Crucible Steel was the only active is- |sue to vary more than a fraction, de- clining one point. Other independent steels and the coppers were better. 2| American Smelting led the coppers. | Rails again showed neglect and coalers continued to ignore strike possibilities. Foreign exchange resumed their up- lward course, British bills gaining al- 0| most two cents over yesterday's final J] quotations. Foreign Exchange Strong. NEW YORK, March - 18 . NEW YORK CURB CLOSING Mountain Producers .$ 11.62 § 11.87 Glenrock Oil t Creek Prds. alt Creek Cons . and Refrs. . Mutual O. Indiana Second 44s —---- Third 4\5 urth 434s |demand $9.06; cables 9.06%. |demand 5.14; cables 5.14%. demand 8.5% cables 8.51. Germany demand 35%; “ables 35%. man@ 37.90; caves 37.93. Norway de mand 1745. Sweden demand 26.30. Denmark demand 21.18. Switzerland demand 19.51. Spain demand 15.63. Greece demand 4.46. Poland demand 02%. Czecho-Slovakia demand 1.75. Crude Market Salt Creek ~ Big Muddy Mule Creek Reserve District No. 10 REPORT OF CONDITION OF THE Stockmen’s National Bank Charter No. 7083 |-at Casper, in the State of Wyoming, at the Close of Business, on Mar. 10, 1922, RESOURCES. Loans and discounts, including rediscoun' Overdrafts, unsecured U. S. Government securities owned: Deposited to secure circulation (U. value) ae All other U. S. Government securities... Other bonds, stocks, securities, etc__--_—_—_——-- ‘urniture and fixtures pes reserve with Federal Reserve bank-. Cash in vault,and amount due from National banks ‘Amount due from state banks, bankers and trust companies in the United States. Exchanges for Clearing House-——_______-_-. Checks on banks located outside of city or town of reporting bank and other cash items---—— -$ $32,124.28 855.54 S. bonds par $50,000.00 96,000.00 146,000.00 263,247. 2,500.00 87,160.26 84,180.38 10,842.19 9,513.17 3,645.04 2,500.00 U, 8. Treasurer ---—-. --——-$1,442,568.52 ‘Total_. LIABILITIES. -$ 50,000.00 125,000.00 23,282.70 50,000.00 6,891.02 Capital stock paid in--—-—. Surplus fund =: a Undivided profitu, less current expenses, interest and taxes paid. Circulating notes outstanding-. Amount due to National banks. ee ‘Amount due to state banks, bankers and trust companies in the United States and“foreign countries_—. Certified checks outstanding---—-— +: Cashier's checks on own bank outstanding. Individual deposits subject to check. Certificates of deposit due in less than 30 days. State, county, or other municipal deposits secured by pledge of assets of this 70,348.40 487.67 9,848.32 957,772.80 29,470.56 38,008.20 74,287.97 7,170.88 oct Postal savings deposits-. ‘Total_. a -—- Stat’ of Wyoming, County of Natrona—s: I, Leigh B. Townsend, Cashier of the above-named bank, do solemnly swear that the above statement is true to the best of my knowledge and belief. LEIGH 8. TOWNSEND, Cashier. abscribed and sworn to before me this 1¢th day of March, 1922. W. 0, RATCLIFF, Notary Public, My commission expires February 26, 1923. Cc. H. TOWNSEND, L. E. TOWNSEND, L. L. GANT: Dir REPORT OF THE CONDITION OF THE First Trust and Savings Bank At Casper, in the State of Wyoming, at the Close of Business, on Mar. 10, 1922, RESOURCES. Loans and Discounts__.. $437,437.90 9,836.00 24 8 pense _ — Interest paid Due from National banks. 2,08: 86 ———— GE 9,150.08 Checks and Cash items. 50.00 Money reserve in bank, viz: pecie sooo ae 84.75 Legal Tender and National Bank Notes___. - 545.00 Fractional Paper Gurrency, Nickels and Pennies. 3.01 Total_____ ~$510,060.71 LIABILITIES. -$ 25,000.00 = 25,000.00 14,413.30 Surplus fund as Undivided profits -___. : = —— Individual deposits, Savings—_—-—___________$356,899.73 Certificates of Deposit, Time 2,657.79 Interest received eens 439,557.52 6,089.89 —-$510,060.71 Total eg The State of Wyoming, County of Natrona—ss, 1, W. O. Ratcliff, Cashier of the above-named Bank, do solemnty swear | that the above statement is true, to the best of my knowledge and belief. W. 0. RATCLIFF, Cashier. | Subscribed and sworn to before me this 13th day of March, 1922. (Seal) MARIE ALLEN, Notary Public. My Commission expires September 17, 1925. Correct—Attest: WILLIAM 0. WILSON. SAM SWITZER, LEIGH B, TOWNSEND, Directors. COMBINED RE: STOCKMEN’S: NATIONAL BANK AND JST AND SAVING $1,952 ,629,23 FIRST Teva ~(SIRREGULAR NEW YORK, March 18.—Price changes in the stock market today [were confusing, although higher prices prevailed among popular issues. Read- ing, Mexican Petroleum, Baldwin Lo- ‘comotive and several of the motors wers under pressure, while other | stocks of the same descriptions were |steady to strong. New York Central reflected further substantial support Che Casper Daily Cribune aD eter bo 103 Price tendencies were higher in a vast majority of in- past ipa de sabenrh =H cock ny | Belen, Spel jo3*|Stances, but the more substantial gains were registered by be divided into two classes: | Brazil. gs . 104% |low grade industrials and specialties. Rails of the invest- First, the granting of straight gov. 09 -108%,'ment class ‘were almost entirely ings. Passing of the federal income ernmental loans through the th th proximately ten billion dollars, the se- cu note, rowing governments. ty, these funds were used for the pur- chase of both raw and finished goods to assist in the carrying on of th war. ‘The second method of the extension of credits is through the banking inst!- tutions dealing with the government of the foreign country. customary for many years for the re- spective countries to have finahclal agents In the United States. In this capacity Morgan & company, Brown Bi the most prominent. The method is {si | making a loan to an individual, except that manded. The ioan this more is sub- jax and whose strength and rating de pends upon the condition of the issu- Fing government. such loans are eminently satisfactory 18.—Great as an investment as the terms of the Britain demand’ 4.49%; cable 4.40%; loan are scrupulously carried out in 60 day bills on banks 4.27%. France/order to maintain an ,{nternational Italy | credit. The funds so accruing through Belgium|the sale of bonds may be either ex- tended in this country for the pur- chaso of materials or may be sent abroad to carry out some sptcific Project. ‘coming of greater importance as the United States, through its banking in- stitutions, working with the manufacturers and exporters, at! rectly to the government of some for-| eign country. This as a rule takes! place as a paper extension permitting | Japanese, the purchase of supplies or commodi-| Japan: ment for which is made throug! extended credit. Either the banks of the country or the people are inter- ested directly in such a transaction in| the way of investments. During the! Swift, 7s, 1931 war port business. Argentine demand 36.75. mand 14.12. | bar silver 64%c; Mexican dollars 495%c. ——— SATURDAY, MARCH 18, 1922. Sq GREATEST ACTIVITY OF YEAR MARKS TRADING FOR THE WEEK NEW YORK, March 18.—Trading on the stock exchange week was characterized by the greatest activity and most 100% | Varied operations of any similar period thus far this year. opin-! xy, |ifnored, but secondary issues, especi-|tax payment period was followed by ally grangers and cotton carriers|lowest money rates of the year. Call strengthened as did also the bonds of/loans were readily obtainable in the ( those roads, open market a 3 per cent and this | Additional dividend omissions by | quotation was lowered in private of- several prominent industrial com-|ferings. panies, including Crucible Steel, exert-| The investment situation was an- ed little adverse imiluence, having evi-|other source of encouragement to dently been discounted. In the main/banking interests. Many new domes- 14 |the industrial list was firm to strong. |tic and foreign underwritings, includ- Coppers strengthened on the increased |ing a French railway $30,000,000 bond % |inquiry for metals. issue and one of $40,000,000 for the Monetary conditions were the chief|Dutch East Indies, met with largo factor in the week's expansive deal-'oversubscriptions in the market les by the foreign countries, a pay-| * th the: jeensiand, 7s . Swift, 7s, 1925 21. | Weet’ Bleséric, Vest. Js . West. Union, Sts - the United States extended :rough such channels a matter of ap- urity taken being only the promisory | strictly speaking, of the bor- In the majori- Salesmen will be ent Addition ground all Driverless Cars Dodges and Fords, Also One! Ford Ton Truck. See Virbel, Phone 1589-J It has been PROGRESS Financially if you save but don’t make your savings work. An account in the Casper National Bank’s Savings Department af= fords you the opportunity to keep your money “busy”—and money that is busy and safe means financial progress for you. ros., and the National City bank are Mountain States | Oil Digest A Valashie costot for the Containing complete and authentic information on over 500 oil, gas, retin- ing and pipeline companies operating in Rocky Mountain Regien. Just pub: | “A Gusher of Information” Price $1.00 On «te ai News Stands or sent post paid on receipt of price. The Commercial Printing Co. MHcaaperr Wromings ©” milar to that pursued by the baiik in security is not generally do- vided tnto bonds which are marketed, In {the majority Our capital and surplus of $200,000.00 will protect your savings; 4 per cent interest . which we pay will make them grow. The question of foreign loans ts be- in conjunction WaT ‘tempts to establish an enlarged ex- vests." “| Gabriel Snubbers NEW YORK, March 18.—Foreten | Hold Your Car to the Road For Sale by Casper Battery Company 508 E. Yellowstone Hwy. Phone 907 32 Years of Service May We Serve You? Montreal 98%. Casper National Bank CASPER, WYO. Under United States Government Supervision. THE SEIDEL 319 North Wolcott Street. Strictly Modern and Respectable Hot and Cold Water RATES—$1.00 A DAY and Mc! The H. E. Grude Corporation offers to the public 40,000 shares of its treasury stock at $1.00 per share. The capital derived from this sale of stock will be used for building purposes, adding new investments to the Corporation. Stock can be purchased in amounts from 100 shares and up, payable 20 per cent cash with order and balance can be paid in eight equal payments. This arrange- ment will give us the money about as fast as we will need it and still give the man with limited income an opportunity to obtain some of this stock. : This Company is paying 214 per cent quarterly dividend, or 10 per cent an- nually. The surplus cash received over this dividend goes into the accumulative fund for new business. The H. E. GRUDE CORPORATION is strictly an investment company and its revenue is derived from apartment buildings and general real estate transactions. , TO THE PUBLIC—I have been working on what is now the H. EK. GRUDE CORPORATION for the past five years, and it has grown from a few small investments to holdings now over $100,000.00, and when the issue of this stock is sold and the money invested in good invest- ment properties the Company should have enough surplus over and above the 10 per cent dividend to reinvest from time to time and the Company continue to grow without any further financing. When this is accomplished the stock will be greatly increased in value. .An in- vestment now of $250.00 should be worth many times that amount in a few years. No salaries are paid to stockholders, no promotion stock and the Company has small office expense. I ask you to buy this stock. Why? Any company that can pay 10 per cent annual dividends, and its, stock have the possibility of being worth many times its present price, is a wonderful buy for anybody. A wave of prosperity is on the way. Let us take advantage of present conditions. H, E. GRUDE, President. _zi Mail us your order for stock at once. When this issue is sold no more will be offered. H. E.GRUDE — - CORPORATION Casper Realty Office Phone 381 108 South Center Street H. E. Grude Corporation 108 South Center Street Casper, Wyoming Please find enclosed $.._.......___...., first payment on______ shares of H. E. Grude Corporation stock, balance to be paid in six monthly installments. Name .. Address