Casper Daily Tribune Newspaper, April 8, 1922, Page 6

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] ] { PAGE SIX SATURDAY, APRIL 8, 1922. fhe Casper Daily Ccridune COL. HATFIELD SAYS YEAR 1922 WILL BE GREATEST OF CAREER BY GRACE BROWN | FORT WORTH, Tex. April §—Rob-»I feel sure very few before me have ert Browning said: “Measure your/ever done I find that oll is only one! mind's heights by the shadow it casts.” | of its avenues to wealth. It await Colonel Hatfield says: “Measure|ing development, vast lignite mines. DAVE SHADE New York Stocks Associated Press Leased Wire PROFIT-TAKING CAUSES SLUMP Motors, Steels, Equipments and Oils Recede During Short Session. matched for a ten round Bout here April 18, under the auspices of the locel American Legion, it was an- LAST SALES Allied Chemical Dye Allie Chateaere .7*_* American Beet Sugar Real Estate and Farm Locn Bonds. There are two primary classes of real|Am. T. or a The real estate bond! Feigian Tis” covering improved city property thar) Belgian, 65 being office buildings, hotels, and im-| Brasil. S* proved properties of like character.|C. B. and Q, is princes should attend and bring vietim as an offering to the Great White Czar. IRA W. NAYLOR, M. of R. 45-3 your ability and success by the num-|there is pottery, clay, brick, iron, pot NEW YORK, April §.—The teh The second class is the farm joan bond| Tulle, 82 ‘7 ae ere ber of mouths you can feed. ash, and numerous other resc s. |American to take protits over the wesden iapie tebe Demoer wel Instead of slipping wher thread the close of 1922, I expect} “Then.” he said, “just think of its) \merioan — temporary reactions of 1 to 4|covering properties too Gonsab, te through the eye of her needle @ Japa the Texas-Mexia Drilling syndicate to| climate, anything in the way of &)Anacondm ee ee ea ee sy, |French 7s - nese woman slips the eye of her needir be the means by which one million] climate one could desire from ihe cold] a a carly stages f1\. ‘The older type of bond is the real| Goodyear, 8s, over the point of her thread. people are clothed and fed.” icy winters on the @orthwest ptains, to|Atl., Gulf eatate security. The basis of the loan | Japanese, 4% That the confidence Colonel Hat-| the ver sunny days of the southeaat- field has in his company, and the won-jern woast. The old U. 8. A is a big} éarfully rich state—Texas—he is oper-| place, and everybody has been pretty ating in busy fixixng it up; consequently. No other state in the Union has the possibilities Texas has today,” he said. “It is undoubtedly the richest areas in natural resources in the world RALLY 1N MART July Wheat Reaches High Quotation of Week in Clos- ing Sales Today. CHICAGO, April &—The gavern ment crop report fesued late yesterday Placed a slightly bearish construction on the market here today and caused wheat prices to open lower. There ‘was a gvod class of buying on the de cline which was followed by a strong rally which carried -values up arouné the previous close. After starting % to %c lower, with May at $130 to $1.20%/ and July $1.18% to $1.19, prices soon took an upward turn. «A strong undertone Iater developed when houses with eastern connections got on the buying side and prices ad- vanced sharply, the July option touch- ing $1.20%. a new high for the week. ‘Unfavorable crop reports from the southwest also affected the market, and the finish was strong, with prices % to 1%c higher, with May 132% to 1.32% and July 1.20% to 1.20%. Corn and oats were dull but about steady with a light trade. After start- ing unchanged to %c lower, with July 62 to 62%c corn scored stight general recoveries, with wheat. ‘Trade in corn broadened tater with @ome commission house buying and the strength in wheat, which led to considerable covering with the clos- ing strong at % to %ec net higher, uly being 63% to 62%. Oats started %c off to %e higher, July 39%c and advanced all around ‘with other cereals. Provisions were somewhat firmer fom scattered buying. Giosing Quotations. Wheat— Open. High. Low. ‘Close. May 130 133 130 132% July — 118% 1.20% 118% 1.20% Corn— May 58% 59% 58% 59 July . - 62 62% = 62 62% Oats— May -- 36% 37% 20% 326% Suly - - 29% 39% .39% 39% Pork— May - - 21.00 Lara— May -- 10.95 11.00 1097 10.97 Saly 11.20 11.25 1115 11.25 Ribs— May 1137 1150 11.30 1150 July —- 10.60 10.80 10.60 10.80 Butter, Exes and Poultry. CHICAGO, April £.—Butter higher; reamery extras 34c; first 31@33%c; seconds 29@80c; standards 33%c. Eggs: firm; receipts 32,999 cases; first 22%c; ordinary first 21@21%c; storage packed storage packed firsts REFINING COMPANY BUSY ON PINS FOR PLANT Preitminary-plans-for the new Wyo- ming Refining company plant which wifi be rected east of Casper are be ing perfected in the offices of the com pany. Blueprints of tHe entire ‘plant are nesring completion, d¥als with lo cal raffroads for trackage have been completed and other incidentals per- fected preparatory to an early ‘start on the plant. It was infiented yestertmy in a remi-official way that the plans re- cently announced by the company for the erection of a small plant with pro- visions for additions as required had been abandoned and that a large initial plant was now contemplated. Definite details of the changes in plans should be avaflable soon. miscellaneous 22@22%4; extras 25 c HEAVY RECEIPTS CAUSE DECLINE IN WHEAT PRICES DURING WEEK CHICAGO, April'8.—Liberal shipments of wheat to Chi- ouri river points have brought about here this|*”. cago from Mis seems, but its, day has arrtved. fornia in the southeastern section of Chicag I have covered it from |.the state, our beaches surpass those ot | ene side to side by foot, which is something | many renowned resorts; our Pale Duro Canyon in GRAIN PRICES =: day I expe the northwest is i for its superb scenery, an ons have been made to di > a state park. rest of my life in Texas, and every , to achieve toward its de sug} relop it| opme Work pre; aratory to the sudding in} of three wells is being rushed to com. pletion. Tmportant announcements should be made between now and the! fifteenth of april sateen oe SS Prices. | CHICAGO, April 8—(United States] Bureau of Markets).—Cattle 500; compared with week ago: tically steady on all calves, which closed 50 to 75c lower,| week's top; yearlings $9.35; matured steers $9.25; week's bulk prices on beef steers $7.25@8.40; beef cows and heif ers $5.25@6.75) stockers and feeders! $6.35@7.25; veal calves $8.00@8.75; canners and cutters $3.35@4.25. Hogs receipts 6,500; active mostly 5 to 10c higher than yesterday's aver- age; some medium and hevies up more: shippers bought about 1,000; close strong; good clearance; top $10.85; bulk $10.35@10.80; steady. receipts | Prac: classes except! pigs nominally Sheep receipts 2,500; today’s recetpts| Texas Co. Practically all packers direct. Com- pared with week ago best handy weight lambs steady to 25c lower; week's bulk prices on fat wooled lambs: $15.50@16.6 shorn ‘wooled ewes $9.00@ 10.00. $13.00@13.75; Omaha OMAHA, Neb. April 8.—(Untted States Bureau of Markets).—Hogs re- ceipts 5,000; active 5 to 10c¢ higher; packing grades 26c up; mostly $8.75@ 9.50; bulk of sales $9.85@10.10; top $10.20. . Cattle receipts 100; compared with week ago: Beef steers steady to 25c higheer; light grades up most; she stock 15 to 25c higher; bulls strong; veal calves $1.00 to $1.50 higher; stock- ers and feeders strong to 25c higher. Sheep receipts 500; compared with lambs and yearlings 50c higher: sheep strong; feeders steady. Denver Prices. DENVER, Colo., April 8—Cattle re- cetpts 700; market steady; beef $6.50@7.50; cows and heifers $5.00@ 7.20; calves $8.00@11.25; bulls $2.50@ 4.00; stockers and feeders $6.00@7.00. Hogs receipts 100; market 10c bigh- er; top $10.25; bulk $9.75@10.20. Sheep receipts none; market steady for week; yearlings $12.00@13.00; lambs $13.75@15.00; wethers $10.00@ 10.50; feeder lambs $9.00@9.75. WITT SNYDIGATE. 5 OPTIMISTIC FORT WORTH, Texas, April 8.—De-| velopment seems tobe increasing in the Fort Stocktn field. This field has’ already attained fame fpr its| great shallow wells. Duncan, Okla. was at no time a shallow field, but it seems that ofl men are never sat- isfied until they get “all there is, consequently, they probed for deeper sand and more of] in Duncan—and| got it, now they are interested in| what lies a few hundred feet ‘beyond | the “pay sand” in the Fort Stockton field. fs The Witt Lease Svnidicate believes} in the Fort Stockton field. and leased | 2,560 acres due south of the produc-! ing wells. This lease is surrounded by five deep tests. Mr. Witt, soted trustee of the syndicate. said: “I am very enthusiastic over my hold- ings ot Fort Stockton. It should be worth a tremendous sum in case even one well should prove a producer, and I firmly believe that the field has I expect to spend |( |Great Northern pita. : \Pacific On |Sears Roebuck . Baltimore and Ohio Bethlehom Steel “B” Canadian Pacific Corn Products | alreagy| Crucible Steel Erie . vee Famous Players-Lasky Asphalt Electric c Goodrich Co. Illinois Central ... Inspiration Copper - International Harvester Int, Mer Marine pfd. . | Paper . Mexican Petroleum Miami Copper . Middle States Oil Midvale Steel Missourt Pacific jew York Central .... rE N. H., and Hartt Norfolk and Western orthern Pacific Oklahoma Prod. an Pan American Petroleura Pennsylvania People's Gas . Pure Of .. Ray Consol Reading . ‘ Rep. Iron and Steel Royal Dutch, N. Y. v: SinclairyCon Of Southern @Pacific Union Pacific nited Retail Stores U. 8. Ind Alcohol United States Rubber United States Steel ... Utah Copper ....-. Electris ‘estinghouse Willys Overland American Zinc, Lead and Sm. Butte and Superior . Cala Petroleum Montana Power = Shattuck Arizona . io 8% 15% B iis BUTTER PRICES STILL ON DECLINE IN MART CHICAGO, April 8.—The week end- ing today brought a continuation of the weakness and declining prices which were prevalent during the prev- ious week at the leading butter mar. kets of the country, according to a review of the United States bureau of American - Chappell American I Corp. American Locomotive 7. 11a ha American F : American * American Tobacco |. Domi Atghison Baldwin \Locomotive I aha Tex nope -e : Preston c - Leathe as bas been neglected just a little it|Ghandler Meted 122077 Only |Chesapeake and Ohio... a few years and we will have a Cali-|Chicago, Mil, and St. Paui 25 Sunset . aeserse Tom Bell Royalty -..: Western Exploration. Wind River Refg. United Pete -... Wyo-Kans Wyo-Tex . Western Oil Fieids Western States ae 5 Yo OM coegceese aes 18 NEW YORK Cc=m CLOSING +$ 12.37 $ 12.50 10.82 Mountain Producers stocks, especially of fancy butter, excessive with support light that the tone of the markets absolataly no confidence in the market other than that there was excessive quantities on dealers’ floor: During the week through a read- Justment of supplies and demand prices the different markets assumed ® more normal differential than was maintained the week before. Because the percentage of fancy but- ter is increasing and because especially those who have been using storage butter, are looking for cheap fresh, under grades have been in rela- tively better demand than fancy but- ter. WEEK JUST ENDED ONE OF KEEN ‘DEMAND INN. Y. STOCK MARKET NEW YORK, April 8.—Daily tramsactions extending ‘149 | #4-41; cables 34.41%. Sixty day bills | stoeks from 1,000 000 to 1,650,000 shares at extreme gains of 3 to 10 points in a wide variety.of issues featured another event- ful week in the stock market, the movement being reminiscent of the feverish war period. Trading in bonds was proportionately large and many is- BE ENLARGED southwestern railroads, were at high- est quotations for one to three years. In the stock list the demand was most keen for steels, oils, motors and the various miscellaneous shares whose operations are largely depend ent on the strength of the more basic industrinis, On the surface the coal strike was in no sense a market factor or deter- rent. Stocks of the description were among the leaders in the higher lev-| Prospects Good for Eight-Inch els registered by a majority of the Carrier to Salt Creek In- rtation division. ri stead of Six. y market conditions were con ucive to the buoyancy shown by the ‘nd bonds. Call leaps were | Following conferences between exee- freely available at 434 per cent or bet-|Utives of the Wyoming Pipeline com- ter. The 4% per cent rate applied to} P°"Y and operators in this district practically all fime accommodtions, |@Urins the past week, it was intimated including the jonger maturities. thta the pipeline to be constructed be- ‘There was‘no let up to the confi-| ‘Ween Casper and the field this sum- dent absorption of new underwritings.|™¢r would be an eight inch carrier All of these, including the Czechosio. | iPStead of a siix inch line as was orig. vakian 714,000,000 loan, were almost |/"@lly planned when expected support immediately over-subscribed. from Salt Creek operators failed to materialize. The chan, every chance to become another Dun-| been brousht aboot yy eat aye can, Okla.” . conferences in which the company was Tho Witt Syndicate has also alassured sufficient oll to operate the very valuable lease in the Mexia field |eight inch line. This lease is out of a 1,000-acre lease || While it has not been definitely an- where a well {s now being drilled. The}nounced it is believed that the Cas- lease is within 1,000 feet of the well.lper terminal of the new pipeline will The drilior of this well is well known] be located on the tract of land owned to 2 points. Mexican and Pan-Ameri- can Petroleums and tSandard Oil of New Jersey also strengthened with At- lantic Gulf and Allied Chemical. High- er prices rukd among such rails as Reading, Balttmore and Ohio, and Mis- sour! Pacific, common and preferred. The closing was strong. Sales ap- Proximated 700,000 shares. NEW YORK, April %.—¥urther selling of Studebaker at a decline of 1 point and pressure against Allied |Chemical were tho only unusual fea- jtures at the frregular opening of to short stock market session. ees elsewhere were confusing but (prices of rails, equipments and oils Were fractionally higher. Gulf States Steel, yesterday's spectacular feature, opened unchanged. Local continued to be bought on the im- Proved financial position of those com- panies. day's Chan; NEW YORK April 8.—Great Britain demand, 4.40%; cables, 440% ; 60 day bills on banks, 4.37%. Francs demand, .49. German: 40)32%; cables, 32 %: Holland demand, 37.80; cables, 37.83. Norwa¥ demand, 18.32. Sweden deinand, 26.18. Den- japanese, 4s is on the value of about 40 per cent of Kelly Springticid, is - the cost of the building and lot. As) Norway, a rule this security runs for a period of years maturing either serially or on 25. @ distant date and the retirement is | Swift. tS 1931 rovided for through the establish-| Swiss, a punt et & sinking fund. #rom the| Western oeigtd : standpoint of the investor there are a number of factors that he should wtch. First, the cost of construction that such construction is not made during & period of inflated values. Second that the lot and building is situated in a grawing business district so that his equity may not be decimated. Also the rental of the building shouki be sufficient to cover both interest and sinking fund at least twice prefer. ably more. He should alro watch if it is a single maturity bond the fact that the sinking fund is maintained and if a serial bond that the rate of retirement is rapid enough so as to keep the proportion of equity unim- paired. the necessity of exumining abstracts and determining that the title is clear. ———~<.___ Idaho. If the security is well secured as On Oil, Mining, Indus- trial and Railway Stocks A women’s athletic association has been organized at the University of set forth above, this is an excellent type of investment, but as a rule it is not highty marketable, resembling very closely a mortgage. Regarding the farm loan bond this is rather a new development in finance and is used where the amount of the mortgage is larger than can be con- veniently handled by a single individ- ual, The method followed in handling the farm mortgage bond is conducted in the following manner: ‘There are as a rule three appraisals, first made by the local banker. second, by the .| mortgagees as represented by the is on banks $4.28% in the late dealing. Silver. NEW YORK, Apftil 8—¥Foreign bar Mexican dollars 60%c. silver 65%c; suing pond company or loan company and third by an independent apprais- or, The average is thus determined and the Ionn made on the basis of about 40 per cent of the established valuation. These loans run as a rule from five to ten years an‘ are amply protected s to security representing a high type of investment for the indi- vidual who wishes to Ican his money for the abve period of time without Everything in Building Material RIG TIMBERS A SPECIALTY FARM MACHINERY, WAGONS Office and Yard—First and Center ™ Phone 62 UNVARYING ~ Gray Goosg—he differs scarcely a feather’s breadth from his thousand fellows. “He has perfection of ease, which is perfection of economy. He has limitless power, endurance, self-reliance, his by heritage. (Nature has brought Gray Goose and all his kind to the single, absolute standard. It. is Evolution. So it is with the thousands of Wills Sainte Claire cars. Q We first established standards of mi&terials—workmanship — precision —the highest and closest standards that are physically possible. @ By advanced science in design and manufacturing, we are able to multiply this closest approach to fection. Q We have ialized accuracy in the building of the Wills Sainte Claire. Have you ridden in the Wills Sainte Claire? week a decline in the price of the May delivery. Meanwhile July and September deliveries have scored an advance, ow- ing more or less to continued uncertainty regarding the crop outlook southwest. Compared with a week ago, wheat prices the Mid-Continent field, and ex-|by the Wyoming Refining company TOURING CAR . IMPERIAL SED; $357 pects to eomplete his well in the very |cast of pattctspa 4s almost assured RO. i si eke aoe, TOWN CAR. a4 3850 near future. “I believe this lease|that the Salt Creek terminal of the COUPE o « 6. yS27S. LIMOUSINE. . . 3850 will bring me $100,000," Mr. Witt|line will be located on the Williams SEDAN . . 3475 F.0O. B. Marysville said. Oil company property on section 11- Bo ey. ag. vi hat anaes eed 39-79," where grading crews are al- this morning varied from 1%c setback to 2%c ghin. corn was up 1% to 1%c; eats %c off to %o higher and provis- ions at a rise of forty cents to $1.75. Movement of wheat to Chicago from ‘Omaha, St. Joseph and other western primary markets was taken generally to mean that filling of May contracts hhere would be much easier than was recently expected by many traders, anf that a shortage of breakstuffs ‘would have to be looked for later, if mt all. It was pointed out in this connection that the domestic visible supply of wheat was still 17,000,000 bushels in excess of the figures a year ago. One of the chief sourcés of ap-| prehension as to the condition of win- ter wheat ‘southwest was an opinion from a leading expert that the crop ‘would be likely to show rapid deterior- ation if the weather in May proved as| dry as usual. On the other hand, the government crop report appeared to impress the majority of traders as Paving a somewhat bearish aspect. Corn “and oats averaged higher tn} price as a result largely of wet weath- er. Upturns in pork, lard and rit.- ascribed in the main tc tions on hogs. were} rhea igs eastocantys of the|7&84¥ Working to clear the land for ‘ €ollegiate Military” school. Univer. | tbe erection 6f huge storage tanks. Cc. E. KENNEDY sity park, Denver, Colo., will be pres-| The recent storm and almost {m- ent in Casper on Thursday, April 13 at the Henning Hotel se On ents the best advice for their boys’ schooling for the fall term. An early registration is necessary and the younger the boy the more he will profit’ by the careful training of an excellent boarding school. 4-8-4t Do you want a close in lot where thers are no building restrictions. iLook over the big cvel lots in Hol- man Acre addition. Our cars await your commands. Phones 340 or i Att Passable condition of roads and trails par-| between Casper and Salt Creek is held responsible for the fact that the en- gineering crews working on the pipe- line have not yet reached Casper. No announcements on terminals or other vital questions will be made pending the completion of the necessary sur- vey. ————— 145. PER CENT CASH DIVIDENDS IN FIVE (5) MONTHS. SEE PAGE 7. Oc Ew. on

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