Casper Daily Tribune Newspaper, November 15, 1922, Page 9

WEDNESDAY, NOVEMBER 15, 1922 Cte Casper Daily Cribune PAGE NINE. Oil -:- Finance - \ AND STOCK TREND — WHEAT DEMAND (3 UNCERTAIN Special Issues Slump in Early Trading but Other Stocks Are Stronger. NEW YORK, Nov. 15.—An inevi- table rally in prices occurred today when it became evident that the re- cent Nquidation and boar selling had depressed prices tp ievels which at- tracted strong buying. Re-purchases by the.shorts were on a large scale and public buying was also a factor in causing many advances of one to 18 points. Sales approximated 1,200, 000 shares. NEW YORK, Nov. 15.—Iritial prices were slightly mixed with spe- cial shares showing a repetition yesterday's liquidating salen, especi- ally Consolidated Gas which dropped 4% points in response to the new capitalization plan. Dupont was also off three points, American Suger pre- ferred 2% and Chesapeake and Ohio and Burns Brothers A one poirt. Ad- vances, however, wsre in ihe major- ity, and the entire list movec up at a rapid pice in sympathy with the y for the railroad, steel, and high priced oll shares. fie advanced 214, Chicago ern 2 points, and New York Central, Delrware Lackawanna Read- ing, New Orleans Texas and Mexico, and Wheeling and Lake Erie prefer- red 1 to 1%. Crucible, Bethlehem B and Gulf States Steels ruled 1 to 1% higher. Standard Ol of New Jersey was up 2% and California 2 points. Baldwin and General Electric gained 2 with Lima Locomotive 1. In the miscellaneous list advances running from 1 tc 2% were scored by National Biscutt, "nious Players, Allied Chea> ical, U. 8 Alcohol, Columbia . Gas, Ainetian Woolen, May Departmen Stores, Montana Power, and Atlantic Gult. u ‘The market registered an extensive array of substantial advances during the morning. Hurried covermg of shorts impeilead by indications that over-selling had been carried too far in various issues, and signs that cur- rent prices were attracting. the at- tention of bargain hunters caused active bidding for stocks with re- sultant advances of one to four points in many instances. Cessation of the recent lquidation in foreign bonds and domestic issues was apparent also, European issues rising 1% to 3 ile domestic Hens gained %4 The rapid{ty” of the ad- vance in stocks caused some realiz ing which lowered Ynion Pacific, Gulf States Steel, Chicago Northwest- ern and Utah Copper 2 points from thelr best prices. Weakness also was shown by General American Tank, Crucible Steel, Canadian Pacific, Royal Dutch, Shattuck Arizona and Jones ‘Brothers Tea which fell 1 to 2% points under yesterday's’ final figures. Prices were tending down- ward at mid-day under the weight of realizing sales, which were quite effective in. the steel group, Beth- lehem B falling ~ point under yester- day's close. Call money opened at 5 per cent. Early high prices were exceeded to a large degree in many instances in the afternoon when the list generally swept upward again under the leader- ship of high priced industrial shares. National Biscuit soared 9% points. Standard Oil of New Jersey 6%, National Lead, Standard Oil of Cal fornia, General Electric and American Tobacco A and. B 8 to 3% and Bald- win, U. §S. Steel, Corn Prodycts, American Can and Studebaker 2 to 2%. ‘Coca Cola was a notable excep- tion yielding over three points on a large offering. The closing was strong. Prices tapered off from the high levels in the final hour when weak hess developed in New Haven, Texas Gulf Sulphur and American Ice which Sold 1% points under yesterday's close. , Jersey Central also dropped 15%. National -Biscuit, however, in- creased its advance to 15 points. Foreign Exchange ot} 16 STRONGER Upturn in Prices Develops With Resumption of Trad- ing, Today. i { } ! CHICAG(,, Noy. 15.—Notwithstand- quickly developed in the wheat mar- ket today,. Active buying on the part of houses with eastern connections was responsible for the upward swing | of values. Uncertainty at the outset | associated more or less with news |of the overthrow of the Wirth ad- | ministration Germany, but offerings | of wheat were scarce and the market | readily advanced when buyers became aggressive. The opening, which ried from % off to % up, with De- cember 1.17% to 1.17%, and May 1.15 | to 1.16%, was followed by « moderate | sag and then by a sharp general up- turn to well above yesterday's finish. May delivery rose to the highest price yet this season, but then selling lof May and buying of December be- came a feature, and tended somewhat to check, the advance. Prices, how- ever, closed strong 1% to 2% net hig7sr, with" December $1.19% to $1492) and May J1.17 to $1.17%. Corn and oats largely paralelled the gctfn of wheat. After ing % to Yc higher, December 70% to 70%, the corn market underwent alittle set- back, then rose above initial record for the season. Subsequently, May as well as De- cember ascended to above 71 cents, the topmost figures this year. July tuso touched a new high record price for the 1922 crop. Active shipmigs demand from the west and southwest Was a bullish factor. The close was unsettled at % to 1%@1% Oats started % to % ; higher, December 42% to 42 % and later scored slight gains all around. Provisions lacked support. “Open High Low Close 1.19% 1.17% 1.08% 11TH 1.15% 1.05% 1.19% 1417 1.07% TIM 69% 1%» 69% 10% 69% Ad 43% 40% 9.97 10.30 Cash Grains, » 15.—Wheat No. 3 S No. 2 hard $1.20; corn No. mixed 724% @72%c; No. 2 yellow 72% @73%c. Oats No. 2 white 444@ 45c; No. 3 white 43@44%4c. Rye No. 2, 88%c. Barley 62@69c. Timothy seed $6.00@6.75. Clover seed $15.50@ 20.50. . CHICAGO, Pork nominal, Lard $11.24. Ribs $10.75@12.00, >! Flax Seed, DULUTH, Minn., Nov. 15.—Closing cash prices: Flax seed—November $2.46% asked; December $2.39 bid; May $2.34, POTATOES . CHICAGO, Nov. 15.—Potatoes dull; receipts 85 cars; total United States shipments 661 Wisconsin sacked and bulk round whites 76@85c ewt., Min- nesota sacked bulk round whites 75@ 85c cwt.; North Dakota sacked Red River Ohios 80@%5c cwt.; South Di kota sacked and bulk roun dwhites 70 @80c cwt. Idaho sacked Russets No. 1, $1.40@1.50 cwt.; Idaho baker Rus- Bets sacked $1.75 cwt.; Montana sack- ed Russets No. 1, $1.35@1.40 cwt. pasbaat 704 A bittahe bode Butter and Eggs NEW YORK, 15.—Foreign éx- thanges irregular; Great Britain de- mand 4.46%; cables 4.4614; 60-day pills on banks 4,43 15-16; France demand 6.63; cables 6.64%; Italy demand 4.64; cables 4.6414; Belgium demand 6.18; cables 6.18%; Germany demand 101 3-16; cables .01%. Holland de- mand 39,20! cables 39.25; Norway de- mand 13.34; Sweden deman& 26.81; Denmark demand? 20.17; Switzerland demand 18.35; Spain demand 15.2) Greece demand 1.53; Poland demand 00%; Czecho-Slovakia. demand 3.21. ‘Argentine demand 36.12. Brazil de- mand 11.62; Montreal 100 3-22. ‘ov. SILVER NEW YORK, Nov. 15.—Foreign bar Silver 64%; Mexican dollars 4935. SW AN UNDERREAMERS AT YOUR SUPPLY “STORE CHICAGO, Nov: 15,—-Butter un- ebanged. Eggs higher; receipts 3,694 cases, firsts 50@53%4; ordinary firsts 4045; miscellaneous 45950; refrig- erator extras 272; refrigerator firsts 25@ 25%. SUGAR NEW YORK, Nov. 15.—Sugar fu- tures closed steady; approximate sales 13,500 tons. The market for re- fined sugar was unchanged at $6.90 to $7.00 for fine granulated with no improvement in the demand. Second hand sugars however, continued to be offered at from 10 to 15 points below refiners list quotations, NEW YORK, Nov. 15.—Copper ; electrolytic spot and futures 13% @14c. Tin firm; spot and nearby $37.12; futures $37.25. Iron steady; prices unchanged, Lead steady; spot $7.20@7.25. Zine firm; East St. Louis spot and nearby delivery $7.35@7.40. Antimony spot $6.75. Cotten. NEW YORK, Nov. 15.—Spot cotton steady; middling $26.30. Union printers of Topeka, Kan., ing a hestant start, fresh strength | Elxborn December touching a new high price 4 38. 6 8.31 ‘packing sow: jpacking sows, rough, $7.40@7.7: jers in fairly liberal supply; jabout steady; bulls {to packers around $9.50; bulk good [eae | LOCAL OIL STOCKS Biackstone Sait Creek Tail E. T. Willams .. Kinney Coastal ARB --—-------—— cs aan Gates Jupiter -. a Lance Creek Royalty. Mike Henry - Mountain & Gulf -... 1.12 ‘21 Picardy Preston Royalty Bid Ask | Allis-Chalmers 80% | Chicage 01% | Corn u 16) Crucibi New York Stocks Allied Chem. & Dye. Beet Suga: Inter. Corp. . Locomotiv: Atuerican Tobacco American) Wopien . Indies. Locomotive - | Bethlehern Canadian Chancler Motors | Chesapeake & Ohjo- {C., Mi. and St. Paul_ R. I. & Pac Chino Copper ~-..-- orad 1 & Iron. Products Steel Tom Bell Hoynity 02% | Erie Western Bxplorati 2.40 | Famous Players Lasky Wyo-Kans. ~ 85|General Asphalt - Wyo, Tex. eral Asphalt - Western States Yon -.. NEW YORK CURB CLOSING Bid Mountain Producers - 16.87 16.50 Merritt 7.37 Glenrock Of] Salt Creek Prds.. Sait Creek Cons. Prod. & Retrs. Marine. Oil new. Mutual Of 8. O. Indiana ~ Cities Ser. Com. Fénsland Mammoth New York OU 8%s ~-.-------=> St. 48 ence nnn pe eae neeee 2nd 4s - 4% Cat Creek . Mule Creek icago Prices. Receipts: 000; market strong $8.25@8.30 210 to 240-pound butchers mostly $8.35@8.40; good and choice 276 to 300-pound butchers $8.45@8 top $8.50; bulk packing sows $7.50@ 8 desirable pigs “$8.25@8.40; heavy 78.25@8.50; medium $8.30@8.45; light light Ughts $8.25@8.3! smooth, $7.’ ing pigs $8.25@8.40. Cattle—Receipts 16,000; market slow; lower grades beef steers, butch- ler she stock, weak to lower; better grades beef steers, stockers and feed- ers, steady; little done early; run late in arriving; highly finished long year- lings held around $13.25; bulk native to sell at $8.50@10.50; western gr: Heavy bologna bulls $4.35; bulk stock- ers and feeders $6@7. Sheep—Receipts 18,000; fairly tive; fat Jambs opening steady; ne: arly packers; liberal supply feeders; de- mand good, four doubles ‘pound Montana feeding lambs $14; 1,500 62- pound Idaho lambs $13.75; choice 85- pound fed yearling wethers $13; sheep strong; desirable 125-pound ewes $7.45, Omaha Quotations OMATIA, Neb. 15.(U. 8. Depart- ment of Agriculture.)—Hogs receipts 7,500; mostly steady to 10¢ lower; bulk packing grades 7.40@7.65; bulk 190 to 300 pound butchers 8.00@8.15; extreme top late §.2 Cattle receipts 3.000; beef steers mostly steady; good corn feds scarce she stock steady to strong; bulls and veals unchanged; stockers and feeders fully steady. Sheep receipts 16,000; lambs steady to 15¢ lower; bulk 13.50@13. top 14.00; fed clipped lambs 122.65; sheep steady: wethers 8.50; ewes 7.25; feed. ers stronger; fat feeding lambs 13.35. Denver Prices. DENVER, Colo., Nov. 15.—Cattle— Receipts 2,400; market steady to 25: lower; beef steers $5.50@7.! and helfers $4.50@6.25 calves $¢.75@ 8.50; stockers and feeders $4.50 ‘Hogs—Receipts 900; market 25 to 40c higher; top $8.75; bulk $8.00@8.50. Sheep — Recelpts 8,000; steady. Lambs $12.50@13.75; ewes $4.00@ 6.75; feeder lambs $11.75@12.75. MONEY NEW YORK, Nov. 15.—Call money Steady high 6; low 5; ruling rate 5; closing bid 5; offered at 5%; last Joan 5; call loans against acceptances 4%; time loans firm; mixed collateral been on strike for a year and a patie ost 60-90 days 5; 4-6 months 5; prime commercial paper 4%. beef steers of quality and condition | top $14.75 to city butchers; $14:40 to) Ask} Ijinois Centra! 2| Northern CHICAGO, Nov, 15.—(United States! Chicago Department of Agricutture.)—Hogs—| Pht ©) American higher; bulk 150 to 200-pound butchers Electric eneral otors. oodrich. Co. t. Northern, eneral pfd. Insptration Ctpper Inspiration Harvester - Int. Mer, Marine pfd. International Invineible Olt <eUy-Springfield. Tire Kennecott Coppe Wouisviile & Mekican Petroleum Miami Copper Middle States O Pacific Oklahoma Prod. & Ref... Pacific Olt Pan American Pennsylvani People’s Gas — Pure Oil Ex. Div. Ray Consolidated Copper. Reading - Rep. tron Royal Dutch, N. ¥. Sears Roebuck Sinclair Con, O1). Southern Pacttic Southern Rwy Standard Oi of N, J. Studebaker Corporation Petroleum_ $5 Tennessee Copper ‘Texas Co. Texas & Pacific Tobacco Products ‘Transcontinental Oil Union Pac'tic United Retail U. 8. Ind. United st Unite 12 141% % Pp = 60% Westinghouse Electric - = 58% Willys Overland Am. Zinc, Lead and 8m. Butte ond Superior. Cala Petroleum Montana Power Shattuck Arizona — Great Northern Ore- forthwestern Consolidated Gas Motors B. Linseed WYOMING OILS NEW . YORK, Nov. 15.—Prices of Wyoming oils at 2 p. m. today were listed on lows: Boston Glenrock the New Yprk curb as fol- Wyoming 97; Fensland ‘12 1 18; Merritt 734; York 19; Omar 145; —_>— 1 Angelo Siciliano of Brooklyn, wellknown artist model, wes Judged to be the most perfect maz in the world at the Physical Cul- ture Exposition in New York. ‘Sit ciliano weighs 175 pounds and is five feet nine and one-half inches tal, SW? SRREAMERS AT YOUR UPPLY - STORE oy IS ibCEPO : d The Midwest Refining company reports’three completions in the Salt Creek field during the past week with a combined initial output of 3,410 barrels. No. 36-A, Wroming Associated, on the northwest quarter of section 34-40-79, was completed at 2,442 feet and is pro- ducing 65 barrels. No. 29-A, Wyoming Associated, on the northeast quarter of section 24-40 79 came in with a flow of 880 barrels feet. No. 11-A, Wyoming Oil Fields, the northwest quarter of section is flowing at the rate of 2,545 is from a depth of 1,520 feet. ome test is underream t. Midway test casing at 2 in the Notches field 80 feet. on ing is running Crowe is drilling at 2 at wel No. Financial Notes Senator Cummins says important amendments to the Esch-Cummins sect Will be brought before congress soon. One use will guarantee a ‘living wage” to railroad employes, another will be ar. antistrike provi- sion, Hoover will urge a readjustment of railroad rates, in some cases upwards. The Colorado & Solthern has de. clared tts annual dividend of 3 per cent on the common stock; the semi- annual of 2 per cent on the first pre ferred; and ‘the annual of 4 per cent on the second preferred; all to be paid on December 80 to stock of record December 16. The Homestake Mining company will pay its regular monthly dividend of 50c per share on November 25. to stock of record November 15. The Union Pacific has declared its regular quarterly dividend of 1% per cent which will be paid December 15 cn to stock of record December first. The Wirth cabinet resigns follow: ing the refusal of the United Soct ists to participate in the coalition min- istry that included the German peo- ples party. A Berlin dispatch says that the conference of international bankers under the leadership of J. P. Morgan opens today in Paris. Railroad executives are meeting to- day for the purpose of choosing a suc- cessor to chairman Cuyler. i | | It is reported in Washington that Harding now favors a soldiers bonus, basing his opinion. on returns from states which voted bonuses, although these rumors lack White House con- firmation. . The Interstate commerce commis- sion has rejécted the plea of the Union Pacifie to dismiss the South- ern Pacific's applicatio nto retain the property of the Central Pacific, A special meeting is being held to- day by stockholders of the National Biscuit company for the purpose of ratifying a proposed 75 per ceht stock dividend. . Twenty indstrials 93.61, off 1.76. Twenty ralls 25.86, off 1.68. (ee Nin. MURRAY AT BEST IN “BROADWAY ROSE” AT THE AMERICA THEATER In “Broadway Rose,” which opened yesterday at the Anjierica theatre, Mae Murray has again added to the dramatic interest of a powerful love story a dazzling production conspicu- ous for {ts gorgeous settings and won- derful costumes. Not the least ister- esting parts of the picture are those episodes where Miss Murray is given opportunity to display her ability asa dancer. There she becomes thé idol! of Broadway and receives the adula- tion which is showered on the favor- ites of the Gay White Way. Success in her career onl yserves to increase her desire for the love and happiness! which every woman craves. And s0| when Hugh Thompson urges her to marry him she consents in spite of the fact that she knowy that his fath- er will disinherit him for marrying a| dancer. The Thompsons, you see,| were of the Fifth avenue elite and) had an aristocratic young debutante already picked out for their son, So when they heard the news through a| detective they got exceedingly busy with son Hugh. The result added con-| siderably to Hosalie’s knowledge of human nature but nothing at all to her happiness. However, that young| lady soon learned that happiness is_ often just around the corner, and in the end things turn out to suit her’ and also the motion ure fans who see “Broadway Rose As Rosalie Lawrence, Miss Murray has a role that gives hi tunity for the best acting sh s ever done. Incidentally, of course. she displays an array of dazzling cos tumes that stagger the average man and bring gasps of delight from the omen of the aud: es PROPOSED BLUE KY LAW WILL WORK HARDSHIP The Dennison blue sky bill before congress would close the mails, t graph and express facilities to any man offering any security in a dustrial undertaking not passed the “blue-sky” ‘hw. an by In other words, a man from Call fornia, Utah or Wyoming seeking capital in Jowa for developing a west ern enterprise rould not. use the mails to sell his stosk in Iowa because his corporation had not been licensed t do business by an Iowa blue-sky com mission Our federal laws covering fraudu lent use of the mails, our state laws covering the organization of corpor ations and our blue sky laws offer every safeguard necessary to prevent the public being swindled. In the face of such protection it ts uncalled for meddling with business to further handicap the man seeking to develop nature's’ resources with laws which would require so much legal advice and expense that it would discourage the averdge man from undertaking the task. SWAN =RR STORE. Surveying Geologists Oil Experts Oil Field Maps, Blue Prints WYOMING MAP AND BLUE PRINT CO. P. O. Box 325 Room 10, Daly Bldg. To get what you WANT, let folks know about it. If you have something to buy or sell, of are looking for a po- sition, an ad in our Want Ad Columns will bring you results, That's the way to get in touch with the people who can fulfill your wants, We guarantee the paid. circulation of any Wyo- ming paper and by far the greatest and quickest results. largest Results is what you want so Phone 15 or 16 Do Your Christmas Shopping Early BUY IN CASPER - Bonds -:- Stocks -:- Grains -:- Livestock -:- All Markets QUOTATIONS BY LEASED MARKET GOSSIP AND FIELD NEWS MIDWEST COMPLETES NEW WELL | NE WYORK, 14.—Following are today’s high, low and closing prices of bonds on the New York Stock Exchange and the total sales of each bond: High Low Close Dom, of Can. 5% per cent note 1929. 100% 100% French Republic 8s - $3 French Repubiic 74s — Kingdom of Belgium Kingdom of Belgium Kingdom of Norway U. 8. of G. B. & 1 U. K. of G. B. & American Sugar 6s Amer. Tel. & Tel. cv. Amer. Tel. & Tel. Armour @ Co. 4@ —. altimore & Ohlo vs hiehem Steel ref. Chi, Burl. & Quincy ref"GsA - chi, Mil. & St. Paul or, 4 General Blectrio Goodyear Tire 8s és and ‘Trunk Ry at Northern Great Nor 5 1.3 Mo, Kan. & Texas new ad). lixsourt Pac. gen ontana Power 58 A . New York Central deb> 6s Northern Pacific pr. lien 48 .-- Oregon Short Line gtd. 53 etfs. «— Oregon rt Line ref. 43 x P Gas & 4 Penna. R. R. Gen. 6s Penn. R. R. Gen, 58 - Reading Gen. 4s -.. inclair Ol of Cal. Union Pacific Ist U. S, Rubber Tis - U, 8. Rubber 5s ___ Utah Power & Light Westinghouse Electric ATTENTION! We have a force of super-salesmen, agents and brokers throughout the United States experienced in selling bonds, stocks, notes, certificates and securities of all kinds on a commission basis. All our men are experienced, two-fisted, hard-hitting, high-pressure, go-getters and strictly reliable. Iam able to finance; fnderwrite, merge and organ- ize companies and their stock, bonds and securities in all lines of business, industries and enterprises. Best qi references supplied on fequest, as well as terms and commissions charged. Also we give expert advice on tax questions—in- come and inheritance; corporation law, finance and organization of com s#anies. Also patents secured, sales campaigns organized for sale of meritorious specialties. Our organization gets real results, gives you facts and reliable service. You can make no mistake in communicating all details to us at once, which places you under no obligation whatever. Sincerely yours, H. M. HYATT Addresses: NO. & NASSAU S7., NEW YORK TERRE HAUTE, IND.—P. O. BOX 180 WANTED To acquire large areas, prospective oil lands or known coal Jands in Wyoming or Montana, write fully C. A. OWENS Tribune Bldg. Casper, Wyo. PROMOTERS Of Oil and Industrial Enterprises ADVERTISING is an absolute necessity for the successful presentation of your proposition to the public. .Place your campaign in the hands of an exe pert who is thoroughly familiar with all meth- ods of publicity. Who can plan and write your display, prospectus, from letters, etc., and place your publicjty where it will bring results. Thoroughly familiar with all phases of the oil game and in constant touch with local condi- tions. Years of experience m the writing and handling of all forms of publicity. For interviews” address Box A-177, Care of Tribune “QR QUICK RESULTS TRY TRIBUNE CLASSIFIED ADS