Casper Daily Tribune Newspaper, November 28, 1922, Page 9

TUESDAY, NOVEMBER 28, 1922. STOCKS HIGHER AGAIN IN MART Speculations Resumed Today On Long Side of York Market NEW YORK, Noy. 28.—Readjust- ment of an oyer-extended short post ind renewed activities by pools ie tion tarted spectiation on the long 1 today’s stock market. Lower rates for all monetary accommodations and publitation of Yavorable earnings reports by industrial companies stim- sauing the rise, h ranged fro to § points in active stocks. Sa pproximated 9 NEW YORK. Ne Stock prices showed a much tone at the opening of tods et, short cov ering betig roughout the list. United States St cammon,‘s:II ing ex-<dividend more than made up its dividend at the opening but reacted a point In later dealings. Oils move into higher ground under the leader- ship of Standard Oli shares. New Jer sey being pushed up 4% points and California 1, California Petroleum moved up 8% and Pan-American “A” and “B" alsy were strong. Good buy- ing was noted In the fall shares, Louisville and Nashville rising 2 New York Central 1%, Norfolk and Western and Texas and ific one each and Atchison, Reading, New Haven, Northern Pacific, Baltimore and Ohio and Chesapeake and substantial fractions. Baldwin, tu: debaker, American Locomotive and Corn Products also gained a point or more. Liggette and Myers jumped ten points. Foreign exchange opened irregular, The opening rally was well sus tained during the morning, the lower renewal rate on call money aiding operations on the long side. Specuia. tive belief that the current reaction had temporarily run its course, at least in.a number of shares, was re flected in the resumption of pool op- erations in some of the low priced oils und other indsutrials. Virtaully all divistldns of the indsutrial list, except independent steels, participated the extensively in the upward movement with the advance most marked in the oils, fgods, tobaccos, equipments, me tors, leathers and t/nited States com mon! Ra‘ls also responded to better buying power, New York Central Illinois Central and Missouri Pacific preferred each rising two points Some of the other strong spots were California Petroleum, Manhattan Flectrical Supply, Mexican Petroleum Chandler, Stromberg | | Carburetor, Amer'can Tobacco and Tidewater On | the gains ranging from % to 4 points. Call money opened at 4% per cent. Declaration of an initial dividend of 1% in American Can was greeted by a volifme of realizing sales which carried the price nearly 2 points un der yesterday's final figure. Inter. national Nickle preferred and Adam Express also were weak, josing fiv and 6% points respectively. The gen- eral market paused in its advance for but afterward went up with ,sreater vigor than before, the inde pendent steels, which were sluggish during the morning rising briskly. Oil shares were the outstanding fea- ture of the early afternoon, Mexican Petroleum jumped seven points, Stan- dard Oil of New Jersey 6, California Petroleum §%4, Pan-American 4 and Standard Ol! of California 3. The closing was strong. was expanded as prices Trading rose in the afternoon with the mar- ket showing: indications of a regump- tion of public buying. “Mexican Pe- troleum was up nearly 12 points and Standard Oil of New Jersey 7, with gains of 8 to nearly 6 points in Pan- American, Jersey Central, Baldwir and American * Locomotive, Stude- baker, and Pullman. POTATOES CHICAGO, Nov. 28.—Potatoes weak; receipts 116 cars; total United States. iseqnsin sacked and shipments 540; V bulk’ round whites 80@90c cwt.; Min nesota sacked and, bulk, round whites 75@s85c ewt; Minnesotu and North Pakota sacked Red River Ohfos 90c ewt.; Idaho sacked rurals No, 1, $1.10 ewt. Butter and Egzs CHICAGO, Nov. 28,—Butter highe: creamery extras 5334; firsts 43@46; extra firsts 4914@52%%; seconds 49@ 41; standards 49. Eggs unchanged; receipts. 1,841 cases. Poultry’ alive, lower; fowls 13@19; springs 18;-roosters 12; turkeys 3 geese 19. 4 NEW YORK . 28.—Foreign bar silver 83%; Mexican dollars 485%. ee SWAN UNDERREAMERS -» $$$ BRAINS SCORE ADVANCE TDA Many Fact<zs Contribute to Livély Demand In Chicago Trading CHICAGO, No Wheat buying on the part of houses with foreign cohnections ted to a material upturn here in prices today, during the early jealings. The fact that Liverpool quotations were unresponsive to de- clines on this side of the additional stimulat. © too was an out ion from the pres!- largest grain com esides, there was more det:;and based on the circum ce that this was a traditional cal endar date on which to buy wheat The opening, which ranged from ts tov1\%c higher, with May $1.14% to $1.14% and July $1.06% to $1.06%. was followed by material gains. t In subsequent trading the market ended still higher, aided by indi ations of liberal export busines: neavy rains in Argentina and expect ed ending of St. Lawrence navigation within a week.. The close was strong, 1c to 2%e'net higher, with May to $116% and July $1.07% to $1.07%. Corn anf oats moved up with wheat.g After opening %c to 1t%e higher, with May 6fc to 69%c, the orn market continued to strengthen. Continued: demand from the west and the southwest was reported, but eastern call waa slow. The close was firm, 1%c to 2%e nev higher, with May 70% @70%e to TOMc. Oats started a shade off to % @gec higher, May 42c, and later scoréd a moderate general stvauce esterday or less Provisions were firmer in line with! Pacific hogs and grain. Open, High. Low Close. WHEAT— Dec. 1.16 118% 1.16 May. 1.14%, 1.16% 1.14% July 1.06% 107% 1.06% CORN 1% Me 269% 43% A2% LARD— Jan. - .... 10.85 10.32 May 10.40 10.40 RIBS RC Maye. Cash Grains. CHICAGO, Noy —Wheat, No. 2 1 hard ed 72% @73c; . Oats, No, 2 white ; No. 8 white 43@45c. Rye Barley, 65@74c. Timothy weed $6@6.75. Clover seed $15@20. "ork nominal. Lard $12.37. Ribs $11 @i2, $1.18% @1.19. | Foreign Exchange NEW YORK, Nov, 28.-—Foreign ex changes easier. , Great Britain demand 4.51 11-16; cables 4.51 15-16; 60-day bills on» banks 4.49 9-16, France de- mand 6.95; cables 6.98., Italy demand 4.76%. Belgium demand. cables $.43; Germany demand cables .01 516; Holland demand cables 39.58. Norway demand Sweden demand “26.90; Denmark Switzerland demand 18.60; Spain demand 15.39; Greece demand 1.40; Poland demand 00%; Czecho-Sloyakia demand 3.15; Argentine demand 37.12; Brazil demand 12.75. Montreal 100. MONEY NEW. YORK, Nov, 28.—Call money easier; high 4 low 4; ruling rate 4; closing bid 4; offered at 4%; last loan 4; call loass against acceptances 4; time loans easier; mixed collateral, 60-90 days, 4%4@5; 4-6 months 4% @5; prime commercial paper 4%: pecan wii ins P. & R. Buys Acreage. A wire from Cleveland, Ohio, con- veys the infdrmation that Producers & Refiners corporation has purchased 20,000 acres in the Lost Soldier, Wertz, Sherrard, and Mahoney dome figida of Carbon county from the U.} S. ‘Petroleum company: This acquisition gives the P. & R. what is believed to be among the most valuable acreage on a 22-mile long fold on which the Ferris field has been developed at the eastern end and the Lost Soldier on the western. The recent purchase dovetails with other holdiigs of the company and gives it @ total of 80,200 acres in this state, a large part of which is proven. peak Ronaob- dahil cate WARNIN Desperate man at large. when last jseen he. wore am ol sui: that had been cleaned. and pressed and made to look lke new by Jake, the Nifty Tailor. Main Floor, Wyatt Hotel. Phone 61. | 11-26-7t oe Chief “Engincer Earl B. Douglas of the Wyoming Map and Blue Print comypany is in the city for a few days from the Rawilns district where he has been engaged in engineeripg work, » Goodvick Co. — || New York Stocks | Associated Hd LOCAL OL. STOCKS American Beet Sugar - 33 | Bess Fe American Can 69% | Big “Indi 5 American Car & Foundry 178 | Boston |W’ 3 American Hide @ Leather pid. 63% | P Mad toon a American International Corp —. eagle American American American 8 Araerican American American American Anaconda 46% Atchison 99% Atl, 2445} 2 115% /2, T. Wi Compas: Jupiter Lance Cri handler Mo-:ors - Chesapeake and Ohio Citeago, Mil ang St, Paul : Chicago. R. 1. and Pac. Mountain & G Chine’ Capper: 2226. of Outweat —_ Coloraco Fuel and Rea Bank Corn Products Picardy 3 Crucible Steet oR 00% ane Producers a3 F Moyalty .. 01% Gr Aspnalt ‘estern Exploration — 2.30 General Electric General, Motors Great Northern pfd. - Illinois Central Inspiration Copper Internatiynal Harvester Int. Her’ Marine pfd. International Paper Invincible Oi y Springfiqld Tire — Kennecott Copper ! Mountain | Salt Cree Louisvilie and Nashville a Mexican Petroleum = Lig! Muimi Copper —. = on Middle Stazes Ol — Z Indiana Midvale Steel ©... sd Cities Service Com Missouri Pacific — - Fenalani - w York Cen:ral - bs Mammoth Oil Y., N. H., and Hartford ew York Oil 4m [Kinney © Mike Henry ck Prds. - Salt Cree! and Retrs. Cpe Caspec Oallp Crivune Oil -:- Fimance -:- Bonds -:- Stocks -:- Grains -:- Livestock -» All Markets AND QUOTATIONS BY LEASED Oil Securities Furnished by Taylor and Clay. ams foastal eek Producers -$ 16.50 7.00 k Cons. — orfoli and Weatern LIBERTY BOND: Northern Pacific. : ies <J~s8 [Oklanoma Rroa and Ret. ---- Meat diy os oe oi saci ns Pan American Petroleum ---— et ae is Pennsylvan'a — - Second 4%s People’s Gag - $18 Third shes Pure Ol - - 27% pp : Ray Conosolidated Copper ---- 12% | Muctyey rg aus JWMBKET GOSSIP AND FIELD NEUE WMMMOTH TO SHOOT WEL ON 98 Well No. 1 on the southeast quarter of section 9. which was recently drilled in by the Mammoth Oil company is being cleaned and swabbed preparatory to shooting and it aay be that this will be done today. as Locations have been made by the company for three more “y* | wells which will be started in the near future. Two of these “og | will be ari northwest quar) +, oe - d wWhich the fest! Section) LOSES, fehing for tools at 4 md Wall Creek “1. “*e* FA Age he northeas: 33-48, baling oll “eft A Atlant « N York 1 . mented at 2489 f Adams Express Re’ . ng ad . . reek at 288 ot = — da . 1 . northwost quarter of| Fisher Bodies and subsidiaries, x Auber “ D Sea hus rij g upto pull Cluaive othe Ohlo cor th : ‘ 87% \" _ ’ wr « ‘ tor company has | 1 chairman of the boar idated Te cory Pierce, Jr., of n hes been made prominent New En th manufacture est quarter ng’at xtile ration 100.1 98.1° ection 28-39-78, drilling a irzon ix expe 1 on the 27-39-78, Hayén rail crense Developm compa of $3643: ection 20-39-78, drilting 1 Eger is Yo? 1 on the southeast quarte by Midd tes and Sinclair Con Ou Sea, Wasting: v _— t granted ete aati me Southern Pacific. ba Miiisier ot cet ended Ojl of New York has re-\1 n 160,000 acres of the | Indo Standard Oi lof N. J. 1 | Hamitten wctic mi rates bee nd of. aera oe ent rar ec by Oscar Straus# ans Stucebaker Corovoration 119° Cat Cree re ; and Ny Teunessee Coppe: --- 8% Mule Creek ' . oa tha 1 5 Texas 7 Lig Muady ---.- Ser Ss he “ 20% Sait Creek r Tamp: 79% Rock Crock sou Osage un - United Ri: at Sto yo wned jointly with Me AT YQUR nd Alcoh 3 United Staics Rubble We 3 Spat ad er = 129 ® the southwest quarter of/ Twenty industrials off .75. | Swestingsionse “ . ae-78; clean'ng and swab Twerity rails -82.17. uff .4t & eet Willys Overland ~~~ * steady to A5c higher: top $11; si Raa American Zinc, Lead and Sm. - peor Rene sand eine. etaath on the northwest quarter of! Car shortage on November 6 total Fo ads hie eae 22% stockers and feeders firm to Lic = Montana Power - 67.B_ higher. aeeruck Arizona . 7 | Sheep—Receipts 13,000; killing Great Northern Ore ~. 30% |ciasses generally steady: bulk: lamb: Conosolidated Gas - 125 " $13,50@13,80; top. $13.80; clippe Qhicago, Nor-hwestern. 3 lambs $12.15@1240; yearlings $11 Maxwell Motors B 124 B owes $5.25@6.00; feeders strong; fee American Linsee* Ol! i DEN receipts strong: {ana Live Stock Chicago Prices, | 8.00; stockers and feeders 4 7.00. CHICAGO, Nov, 28.—(United States) Hogs receipts 2300; — mark 1 Department of Agriculture.)}—Hogs—| higher; tp 8.05; bulk 7.50@ Receipts 48,000; market act 10c} Sheep receipts 11,500; market higher: 180 to 210-pound averages) steady; lambs 12.254212.50; ewes 4.00 mostly $8.20; good and cho!ce @20 to; @6,25; feeder lambs 12.00@13.00 275-pounc butchers $8.25@8,30; butch-} a ér top $8.89; 130 to saan aver-| e ‘ z ages $8.25@8.50; patking sows $7.35@ | 7.85; desirable pigs mostly $8.25@8.40;/ METALS omin BS ea re) | n 1 heayy hogs $8.05@8.30; medium $3.15 Ca e @8.30; light $8.15@8.25; light Mght $8.25@8.50; packing sows, smogth,| NEW YORK, Nov. 28,—Copper $7.50@7.85; packing sows, rough @7.60; killing pigs $8.25@8.50. 1 @u. Cattle—Receipts 13,000; native beef/36.50; futures 36.12 uneventy{1 northern 27@29; No. fed. heifers 3.00@3.50; $7.35] steady; electrolytic spot | Tin quiet, spot and nearb; Iron weak; No. 2 northern 26 ng lambs $13,40. Denver Prices Colo,, Nov: 2900; markets beef steers 4.00@7.60; caly 28.— steers, largely short strong to 15c higher; spots more; best|@28; No. 2 southern 23@25. heavy steers early $12.40; some year-|steady; spot 7.10@7.35. Zinc lings held around $13; bulk short ted’ East St. steers of quality and condition to sell! livery at $8.75@10; western grassers in light 6.75. Louis spot and nearby de- Antimony spot 7:10, steady tc and future Cattle cows 4.00@ IS GOING OVER LIKE A DEEP SAND GUSHER! Yesterday a steady line of people came to our office and purchased GUARANTEED UNITS backed by GOLD BONDS. ! They believed: as we do, that when the bit enters the prolific producing pay sand on Lead quiet, 6.50@ supply; better grades beef heifers ac- tive: strong to 15c higher; beef cows, lower grade beef heifers, steady to strong; canners and cutters strong to |10c higher; bulls, stockers-and feeders | steady; veal calves steady to 25c high- ler; bulk desirable carers around $ jsome strong weight upward to $5. |pulk destrable bologna bulls $4.10@ | 4.25; bulle stockers and feeders $5.75@ “sheep—Receipts 15,000; opening | fairly active; fat lambs steady to Soe early top $14.90 to city buten- ers; 75 to packers; desirable 90- |pound fed clipped lambs $12.50; reng- fers in light supply; no early sales; {sheep around steady; heavy fat ewes $5@3; lighter weight up to $7, Hi Omaha OMAHA, Neb... Nov. 28.—(United States Trepartment of Agricultrre.)—| Hogs—tieceipts 6,000; active; 10c to} 20c higher; bulk mixed and packing j grades $7@7.65; bulk 190 to 250-pouna} | butchers $7.80@7.95; top $8. | | «Cattle—Recetpts 5,200: beef steers ater H. B. KLINE DIAMONDS High Grade Jewelry, Watches and Silverware s i OM Exchange Bullding 1 UNDERRE SWAN MERS + SAY—KIDS If your picture is thrown on the screen Saturday | afternoon at the Iris the~ you will get $5.00 —-CASH—$5.00 LET’S GO! our land that oil will go shooting up over the derrick top in an unbroken column of wealth. Our first well will he drilled on the extreme southwest corner of section 26-39-78 right up against the line of the Mammoth lease and two wells nearing the second wall creek, just half a mile distant on sections 27 and 34. : You don’t have to be a geologist to see that this land is INSIDE the ESCARP- MENT and ON the DOME and that our chance for produciton is as good as though it was inside the Mammoth lease. And remember that we have 640 acres more surrounding the reserve which should be proved by the time we are ready to drill, COCCOOO EE SOOOEEOESSOOSSOHOESOSSSOOOOSOCOOOOSOE® Come to our office, let us explain GET A GUARANTEED TEAPOT thoroughly, without any obligation on your part, the merits of our acreage and the GUARANTEED investment : plan. To every man, woman or child who comes to our office $ we will give a souvenir Guaranteed Teapot. 2 Let the kiddies come! We have Teapots for everyone. ° eee COPS ROE SOLO EHO TEES OEH SOHO L200 _—_—... LORETTA In “THE GIRL IN OVERALLS” AT THE IRIS THEATER THURSDAY KID ae '