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FRIDAY, DECEMBER 1, 1922. il TOGK PRICES Shert Covering Gives En couragement to Bull Move- ment in Market. NEW YORK, Dec. 1.—Professiona! interests turned bullish to uncover weak spots. Represe: tive shares were bid up one to three points and some of the high priced mpecialties registered gains of 3 to 10. Sales approximated 950,009 shares. NEW YORK, Dec. 1—Extension of ‘Wednesday's short covering move ment, combined with some new in vestment buying of high grade shares imparted a strong tone to prices the opening of today’s stock market The tone embraced virtually the en tire list, with copper, oll, food ar rail shar th greates strengtl. fe was pushe up 1%. Large 1 gains wer recorded by and Roc Island. Houston, Oil rose 2% point and Mexxican Petroleum two, wit! more moderate gains among othe popular shares in that group. Cirr De Pasco led the advance in coppe with a gain of 1% points. .Some o the other ind'vidual strong spots werc Adams Express, Stromberg Carbu retor, International Nickle preferred Coca Cola, American Cotton Ofl pre ferred,.and Tobacco Products, all ut 1 to 2 yoints. Foreign exchange opened firm. Professional operators, apparent!y acting on the belle? that the run-in of the shorts had progressed far enough to leave part of the market: ir a vulnerable condition, began selling off shares at the end of the first hour. being aided by some profit taking on the part of recent buyers, =Most’ of the oils recorded material recess‘one carrying with them to lower ground a number of leaders, including Bald- win, Studebaker, Bethlehem “B," Mid vale and Marine preferred. General Asphalt lost 2%. the preferred 2 Pierce Oll preferred 2%; Standard 0! ‘of New Jerrey 2%; Marine preferre: 1%; Bethlehem 1% and Pan American “A” and “B" one each. Toward noon the market turned up ward again in response to the demand for Crucible and United States Rub ber, each of which gained two points Lorillard Tobacco. neral Electric and Westinghouse Air Brake, al’ gained 3 to 5 points. Call. money opened at 5 per cent The sustaining value of the short interest- was shown in the afternoon when bidding for stocks by. profes slonalé went the entire list up sharply Pan-American, Baldwin, Mi pre ferred, Standard O!1 of New Jerse: Fears Hoebuck and Studebaker, whic were subjected to early_ pressure moved up vigorously in common with the general st. Fisher Body ad vanced 745 points. Burns Brothers 2% and Contnental Can, all touching, new high figures. Mexican Petroleum gained 5% and a number of other shares were also quoted from 1 to 3 points over Wednesday's final res. "The closing was strong. Apart from a drop ef four points in International Harvester the late mar- ket was marked by a virtual absence of selling pressure despite the ma- terial rise in prifes which had spread over a large part of the list. Coppers were accumulated heavily in the late dealings and New York Central was pushed up 3 points. : MONEY NEW YORK, Dec. 1.—Call money firmer: high 5%; low 5; ruling rate 5; closing bid 5%; offered at 6; last joan 5; call loans against acceptances 4%; time loans steady; mixed col- lateral, 60-90 days 4% @5; 4-6 months 4% @5; prime commercial paper 4%. phoned -daeadasene ats SS silver 64%c; Mexican dollars 49%c, | tere een} Foreign Exchange EW YORK, Dec. 1.—Foreign ex- change firm. Great Britain demand cables 4.5214; 60 day bills on 4.50%. France demand 7.04, Italy demand 4.83; cables Belgium demand 6.50%; cables Germany demand .01 5-16; 01%. Holland demand 39.50; 39.62, Norway demand 18.5| cables Sweden demand 26.96:. Denmark de- mand 20.40; Switzerland demand 18.75; Spain demand 15.40; Greece demand in today’s stock market after a futile attempt 1.—Forelgn bar} 7.03; Finance -:- GRAIN CLOSING ARE STRONGER, 15 UNSETTLED Reports of Sales | for Foreign Accounts Causes Break in Prices. 1] CHICAGO, Dec. 1.—Assertion that France and Italy were reselling hed 4 bearish effort on the wheat market today in the last hour. Prices closed cenettied,. %4c net lower to %o gain, wi 116% to 116% and July ~| CHISAGO, Dec. 1—Wheat turned upward in price today during the arly dealing with trade moderately ctive, Higher quotations at Liver. ool, rain in Argentina and prospects fin mediate farm relief legisiation at hington all counted as bullish fac A further reduction of 20,000, bushels in estimates of the Ar mtine exportable surpius was also subject of comment. The opening. hich ranged from %c td 1%c high- t, with May $1.17% to $1.18 and July 1.09 to $1.09%, was followed by a ttle reaction and then by a fresh ad vance, Subsequently selling pressure in. reased but for the most part on the fay and July deliveries. Prime re ‘eipts were again heavy. Corn moving up with wheat touched he highest price which the December ‘elivery has yet attained this season, Af.er opening %e to %e up, 2 Yeo, the market sag- t soon rallied, offerings. were slightly ager, and the market dragged at he last. The clone was unsettled at ye same as Wednesday's finish to alf cent lower, with May 70% @70%c © 70%o. Oats started a shade to Ye@%e igher, May 4344c and Inter continued > harden, Provisions were firmer in line with .ogs and grain oe. 0 xed somemhat bu Country Cash Grains. CHICAGO, Dec. 1.—Wheat ard $1.20@1,20% Corn— mixed 72% @73%c; No. yellow 724% @74c. Oats—No. 2 white 45% @45%c; No. white 44@45c. Rye—86\e. Barley—67@73c. Tmothy seed—86.00@6.75. Clover seed—$15.00@ 20.00. No. 1 Pork. nominal, Lard $11.76. Ribs 11.004 12.00. Open High Low Close VHEAT— Dec, - = - 1.20 1,20% 118% 1.19% Tay - - - 117% 118 1.16% 1.16% ay - - - 1.09 1.09% 1.07% 1.07% ORN— 2B \ os % .71% pA 70% TEs: 69% .ATS— dec. - = - 3 43% May _ - _ 48% «44 43% 43% July = - - 40% 40% .39% 39% LORD— Tan. ~ - - 10.87 10.40 10.35 10.37 May - - - 1047 10.47 1045 10,47 RIBB- Jan. - - - 9.67 May - - - 9.65 IS SRT a aS, | Butter and Eggs CHICAGO, Dec. 1—Butter higher; creathery extras 54 c; extra firsts 30n@bac; firsts 48c@4844c; standards 19%c; seconds 40c@4144c; eggs unset: tled; receipts 2265 cases; firsts. 47¢@ 30c; ordinary firsts 40c@45c; miscel- ‘aneous 45c@48c;, refrigerator extras 28c@28%c; refrigerator firsts 25%c@ POTATOES | CHICAGO, Dec. 1.—Potatoes steady; receipts 106 cars; total United States shipments (Wednesday, 578; Thursday, 129); Wisconsin sacked round whites 80@90c cwt.; ditto bulk s0c@$1.00 cwt; Minnesota sacked round whites | 75@85c cwt.; Minnesota encked Red River Ohios 85@90c cwt.; North Da- | kota sacked Red River Ohios 85@90c |cwt.; Idaho sacked Rurals $1.15 © |Idaho cacked Russets $1.50@1. LS ois As ara WYOMING OILS NEW. YORK, Dec. 1.—Prices of ‘Wyoming oils at 2 p. m. today were listed on the New York curb as fol- lows: * 1.43; Poland demand 00%; Czecho- Slovakia demand 3.12; Argentine de-, Boston-Wyoming 92; Glenrock 11-16; mand 37.00; Brazil demand 12.12;]Mountain Producers 16%; Mutual 11} Montreal 99 61-64. Salt Creek 20. ————————— co as Flax Seed. DULUTH, Minn., Dec. 1—Closing cash prices: Flax seed—December $2.69%; May $2.34% bid; July $2.33 T. YOUR METALS NEW YORK, Dec. 1,—Copper steady; electrolytic spot and futures 13% @14. Tin steady; spot and fu- tures 36,12.. Iron steady; prices un- changed. Lead steady; spot 7.10@ 7.35; zinc firm East St. Louis spot and nearby delivery 7.05@7.15. Anti- mony spot 6.50@6.75. —_—_—=—_ ZERO IN DAKOTA New York Associated Pres ! Allied Chemical & Dye — Allis Chalmers American American American American American American American American American American American American Anaconda Atchison Atl, Gulf Che Casper Daily Stocks -:- Grains -:- QUOTATIONS BY LEASED AND _-Oil Securities E. T. Williams ~ Kinney Coastal - Baldwin” Locomotive — 7% Ba-timore and Ohio a% Bethlehem B 63 Canadian Pacific 140% Central Leather 4% Chandler “Motors a : Chesapeake and Ohio Chicago, Mil | Compass Frants - Jupiter o1 | er eo Ta | Lance cresic — ra |Mike Henry -. ee Sean Genbaet Mountain & Gulf 136 lorado Fuel and Iron % Outwest --. 2% Products 1a9ig eee, Bank o ‘rucible Steel 64%, | Picardy 4 Erie 104 Preston - o Vamons Pingel 91% Royalty & Producers. 15 General’ Asphalt 44q Tom Bell Moyaity -- oz General Electric 182% General Motors 13% Goodrich Co, -. 32 Great Northern pfd. 53% Iilinet; Central -. 108. Inspiration Copper —~ 35 International Harvest -¥ to0 Int. Mer Marine pfd. 49% International Paper -. 51% Invincible. Oil ~----- Se. 14% \elly Springfield Tire 43% 43% 131B Kennecott Copper Loulsvillee and Nashville Mexican Petroleum 226 Miami Copper — 27% Micdle States Ol - 12%} Midvale el. 29% Missouri Pacific is New. York Central . HL, and Hartford - and’ Western Northern Pacific -- Oklahoma Prod. and Ref. Pacific Oil van American Petroleum Pennsylvania Peopie's Pure Ott Ray Consoli Reading Rep. Iron and Steel - Reyal Dutch, N. ¥ Sears Roebuck Sinclair Con Ol jouthern Pacific Southern Raflway — Standard OM of N. J. udebaker Corporation Tennessee Copper oTm ons ~ 46% Pacitie 3 ‘roducts ranscontinental Olt rien Pacific Cnited Retail Stores - U,'S. Ind. Alcohol - United States Rubber ‘Tnited States Steel Utah Copper Weatinghouse E! Willys Overland American Zine, Lea and Sm. Butte and Supérior Cala Petroleum - Montana Power Shattuck Arizona jreat Northern Ore ‘hicago and Nowhw, Maxwe'l Motors * 3” Consolidated Gas American Linseed Ol “OREIGN TRADE OF NATION ON INCREASE NOW Director of Commerce Bureau Says Favorable Future Js in Sight for Fxport Trzde. Texas and Tobacco “WASHINGTON, Deo. 1.—The ris- {ng tide of American exports appear: ed to be underway, according to a statement today by Dr. Julius Klein, Girector of the bureau. of foreign and domestic commerce of the department of commercé, who declared that th factors entering into this country’ foreign trade “‘portends a most favor- able future.” The director added that the total of $372,000,000 in exports in October, the hirgest since March 1921, marks a progressive increase and shows the trend definitely upward. The importance of foreign trade to the country {s more and more widely recognized as a national asset, Dr. Klein declared. Improving conditions in Latin- American countries, the far east and in Africa forecast increased business with those quarters of the world, Dr. Klein said. In all of these, he e... piained, the American exporters are seeking to enlarge their operations as shown by the trade inquiries. As for Europe, Dr. Klein declared that the imports by most countries there had reached an irreducible min- imum ‘and any change for the better meant more purchases !n America. Car Shortage Disappearing WASHINGTON, Dec. 1.—Freight car shortage is continuing to disap- pear, according to current reports to the car service division’ of the Ameri- can Railway association, though it reached record peales in recent weeka. On November 16, the shortage was 158,236 cars, compared with 174,498 cars which were needed November 8 | Fensland 8% Muke Creek Western Bxploration - Wryo-Kans. Wyo. Tex. — Western States — i eas NEW YORK “CURB CLOSING lCities Service Com. Bid As Mountain Producers -$ 16.75 $ 17,00 Metritt ..--<-.20. (7.1 7A Glenrock Ol — % 11 Balt Creek Pras. ——_- 20.0 Balt Creek Cons. —--- 10.7 Prod. and Refra. -..- 10.0 Marine new - - 6.50 Mutual O11 “ 11.0¢ S. 0, Indiana - ‘ 118.5¢ Mammoth Olt |New York Ol LIBERTY DONDS. Muddy ~.. Chicago Prices. pound averages $8.35@8.45; good and choice butchers $8.5) butcher top few 140.to 160 pound averages bulk packing sows $7.50@8.00; able pigs it iy $8.50@ 8.60; heavy hogs $8.25@8.50; medium §8.35 @S.50; Might $5.35@8.55; light Ught $8.40@8.55; packing sow: smooth $7.60@8.10; packing sows, rough 37.35 @7.75; killing pigs $8.45@5.60. Cattle—Receipts 11,000; beef steers and ghe stock about stéady; run in cludes numerous lots of show cattle; eavly top yearlings fed with show stock $13.50; some held higher; bulk hort fed steers early $8.50@10.50; bulls steady to strong; veal calves strong to 25c higher; stockers and feeders about stead: bulk desirable |veal calves to packers early around $9.00@9.25; bulk stockers and feed ers $6.00@7.00; bulk desirable heavy bologna bulle $4.25@4.40. Sheep—Recoipts 14,000; opening ac- th fat lambs firm to 15¢ higher; spots up more; early top $15.50 to city butchers; $15.25 to packers; clipped 76 pound fed lambs $13.40; good 90 pound fed yearling wethe: $12.00; feeders quiet; sheep fully steady. Omaha Quotations. OMAHA, Neb., Dec. 1.—(U. 8. De steady to strong. Sheep—Receipts 8,500; active killing classes mostly 26c higher; top fed lambs $14.26: clipped lambs $12.75; yearlings $12. 110 pound ewes $7.00; no feeders here. Denver Prices. DENVER, Colo., Dec. 1.—Cattle—; Receipts 2,000; beef steers $4.00@7. cows and heif- ers $3.50@5.50; calves $4.50@9 stockers and feeders $3.50@7.00. Hoga—Rece!pts 1,200; market steady to 26c higher; top $8.25; bulk $8.00@ 8.20. Sheep—Rece!pts 20,800; market 25c higher; lambe $12.60@13.85; ewes $4.00@6.25; feeder lambs 00@ 13.00. CHILD 15 SCALDED 10 CHEYENNE, Wyo., Dec. 1.—John Lee Dennington, Jr., 2%-year-old son of Mr. and Mrs. J. L. Dennington, is dead from scalds sustained when he fell backward into a pan of hot wa- fer. The child’s mother had set the FARGO, .N. D., Dec. 1—-The mer- cury dropped to three degrees above| and could not be supplied. ~ zero at: Moorhead, Minn., last night. a eee It went to tour degrees below at Wil-| Catton i Y'ston, N. D,, and 10 delow at Havre,i NEW YORK, Dec. 1.—Spot cotton { atont. t quiet; middling 25.30. { pan on the floor, preparatory scrubbing. fresh | partment of Agriculture.}—Hogs—Re- market 26¢ higher;! DEATH IN PAN OF WATER, to} Ccibune “(MARKET GOSSIP AND FIELD NeWs (FARGO OPENS VAST NEW Gil AREA Proving an avea of at least 1,000 acres to be oil bearing and opening up to production what it is believed will even-|t tually becurne one of the largest dark oi! fields in the coun- ‘ry, the Fargo Oil company has drilled into the highly sat- re arated Tensleep sand on the northeast quarter of the south- east quarter of section 3-33-83 in the South Casper Creek Yeld and has largest well ever pened.in that district ‘This well was drilled as a test over int from the nearest) pro: tt ata nth stratum ‘for Irilling was suspend that time the crew has 1 and sinc en baling steadily and is just abouc Iding even with the ofl which is anding 900 feet in the casing It t* leved that the sand this point srrien a thickness of 250 feet and th the penetration of this entire »pth @ producer of large proportions ‘assured. While no estimate of the sssibilities of the well is made by ‘argo officials it is thought that it vould easily make 500 barrels if left t thé present stage. The Amsden sand y directly beneath hich 1 about 250 f nd the adison which fs also of un sual thickness is below that, It is estimate that both these horizons in be tapped within the next 400 et amd if some meang of success My casing of the present production xy be had the 10 inch hole will be arried down through these zone for thorough test of the structure. Three producing sands which carry # toward the top of the structure id of further out were penetrated fore the Tensleep was cut and it is obable that other sands le below ose which are already known to making this aren of the est potential produgers of both and gas in this ¢ Z ith Casper Creek fi . The djolna the son Spider and is also in the sum neral fold as the Pine Mountal. il suntain, Boone dome and © ier uctures; and with the proving of s stratum in the other structures xe chance of opening up one of the is supposed to the ‘Tensleep in thickness one nount of acreage in this district and now placed among the larger inde- endent operating and producing com- anies of this territory Increase In Pipe Line Runs. HELENA, Mont., Dec. 1—The first »ports of the Illinois Pipe Line com iny, owners of the newly constructed .pe Une in the Kevin-Sunburst fielc. ‘€ off transmitted, just received by ye state public service commission, how 1,075 barrels carried in Septem er and 4,077 barrels in October. CHICAGO, Dec. 1—4U. 8. Depart-| “Ty report gives a total of the ment of Agriculture.)--Hoge—Re-}+ransmission of oil from Montana ceipta 46,000; early market 10 to 15¢/ \cids throush pipe Pe senteked higher; alow; bull to 260} 4 the commirs‘o year ended Ietober 31, of i Completion. Producer & Refiners Corporation has shot its No. 1 on section 14-39-79 in the Salt Crosk field and it is now being cleane& No test has yet been made of production. No, 8 on section 6-39- is also be ing cleaned at 2293 &% No. 1 on section 18-40-78 is drilling at 2020 feet. Severe weather conditions and the resulting bad roads have badly de: layed operations at Enos Creek and Baxter Basin. The rig has been com pleted at Enos Creek which is north of the Grass Creek field and it is ex pected that this test will be spudded in within the next fow days. Other operations of stand as follows: Wertz. company Mahoney Dome. No. 1 section 33-36-88, standing ce- mented. Noe. 2 on section 4-25-88 ing at 2883 feet, underream- ceipts 10,000; mostly 10c higher; bulk! Ferris. mixed and packing grades $7.50@8.00;| No. 15 on section 25-26-87, standing bulk butchers $8.10@8.20; top $8.25. | cemented. Cattle—Receipts 6,700; beef steers! No. 22 on section 87, skidding and she stock fully steady; top corn! rig. fed yearlings $11.00; bulls and veais| No. 12 on section 26-26-87, spuddyis unchanged; stockers and feeders! around lost tools in hole. Financial Notes. A special meeting of the stockhbid- ers of the Standard Oil company of Kentucky has been called for Decem- ber 21 to act on a proposed increase jof “capital stock from $12,000,000 to $17,500,000. If ratified, it is the in {tention of the directors to declare a stock dividend of 66- 2-3 per cent pay- able December 30, to stock of record December 15. The dividend rate for the new stock will be $4 a year. Idle cars November 15 totalled 158. 236 against 174,498 for the previous week. President Harding's conference with administrative leaders results in @ comprehensive program for exten. sion of farm credits at the regular session of congress which convenes on December 4. | The ship subsidy bill which passed the house goes to the senate today and will be referred to the commission on commierce. Directors of the Pacific Oil & Gas company have passed resolutions pro: viding for, submission to stockholders Jat the reguthr annual meeting on T *cember 12 a plan to capitalize the sur uesst felds In the Mountain. terri rv is entirely possible. The Fargo company controls a large No. 2 on section 7-26-89, drilling at 3700 feet. No, 3 on section 7-26-89, standing cemented. Sherard Dome, No. 1 on section 14-25-89, spudding| jat 87 feet. plus cap! If this plan & by increasing the authorized al, from -20,000,000 to $60,000,000 approved {t aue two # of, the old. It is not dividend” distributions ed those now paid or expe being for the week totalled 669,094 « over the pre Co: of the Plerce Oil eu |9 tion passes to the preferred stock chmo; Reports to the federal board show increase on A industrial activity in fron and cotton mill = th for any m rs Twenty industrials 94.65, up 80 Teenty rails 84.5¢, up 1.06 Directors of the Prairie pe T company have called a xpecial 1 ing of. the stockholders for December to take action on an tal stock from $21,000,0 000 and to distribute stock dividen a r ) to $81-| cent record Dec: m| The interstate commerce sion has amended service order 26 releasing from restriction ding, flat bottom gondola cars with sides 48 inches or less in height will have the effect of making cars availabe for loading pipe other all country supplies. com more and ‘The date for the next hearing of the La Follette committee has been definitoly deternvined tions that it will he ember 11. The last not Indica about De letter of Representative Frear to Secretary Mellon contaited an outline of what Mr. Frear said he would advorate in the form of a h It provides for: 1, restoration of excess profits taxes; 2, tax on un distributed taxes; 8, pastage of law providing that stock dividends shall be taxable as incom increa in inheritance taxes.| Magnolia Petroleum company has posted following prices for crude oil: Augusta, Kansas; Yale, Comance, Duncan, Ok} iho Burky burnett, Hen ¢letta Mc Ranger, Stepiens county, Tex., 28 to 29,9, $1.00: 33 to 34.9, $1 30 to to 36.9, $ nd over $1. “Shut Down” Order Effective Today. According to the agreement made by the operators in Salt Creek at a meeting held here in August, all drill ng in that fleld is to cease today ex cept on wells which are near pro duction with permission having be granted to complete by the committe appointed. It was also agreed that {no new wells should be started prior to the first of next May. This was done in order to hold down surplus Production in the field with the hope of eventually securing a rafse in the price of crt curtail the cost of operating while the market was flooded with crude. a No statement was obtainabi officers of the committee today re: garding the order and how it waa being taken in the field, other than] that the committee would meet here r 4 Decemt at which time all mat- ters of interest would be gone over and that a complete report would be made to the entire organization which is scheduled to meet here on Decem- ber 15. UNDERREAMERS s H. B. KLINE DIAMONDS High Grade Jewelry, Watches and Silverware Oil Exchange Building Lowest Storage in Casper Guaranteed Re} Work, Acety- lene Welding, Gas, Oil and Greases Bnd Crank Case Service. Brakes Examined Free ACCESSORIES | Willis-Hackett Co, 363 S. Ash St. Phone 1891W Livestock coal | to coal} This | fe In that district and to | from | PAGE ELEVEN All Markets Dom. of Can, 54% giom of Belgtum, Kingdom ot Belgium, Kingdom of Norw: S. of G. B. & 1, N. K. of G. B, & 1 an Sugar, 68 an Tel. and Tel deb 6s Hem 45 4s pr n Short Line ref., Electric Gen 43 On of € Pacific Rut Rubber, first ba and Light rite 109% 106% ~ RECEIVER FOR BAIR COMPANY IN DENIED BY JUDGE KENNEDY CHEYENNE, Wyo., Dec. 1 to The Tribune.) —“A quar- rel ig stockholders doce not Justify a court fn interceding in a s affairs or taking the out of the control of mle The Omar company and Claric sought a reccivership on the ground that the directors of the Bair com- pany, who with one exception also are the directors of the Omar com- pany, were manipulating the Omar company property for the benefit nedy of the Unlied States district of the Ba'r company and to the court for Wyoming said here ruin of the interests of holders of indenying the petition of the | twenty-five per cent of the Oma: Omar and Gas company and N. stock. The action involved the pe- | \°. Clark of Pittsburgh for the ap- | troleum. output from the Lost Sol- peintment of a receiver the dier oll field. Balr Oi company. The decision cam. after hear'ngs that occupied several weeks of the court's . Jast spring and this fall. Chile Plans Big Reception For Navy Officials 1—(By The for the re OH! KIDS SANTIAGO, Chile, Dec. A Press)—Pians | ception Admiral Cole and Captain > day on the cruiser Cleveland, dncluded a luncheon at the Union club to be given by Ambassador Collier at which TO THE IRIS members of cabinet, government TOMORROW offic and prominent residents will be epresent be received by American officers President Ale: will andri MATINEE AND SEE “THE GIRL IN THE OVERALLS” If Your Picture Is hed on the Screen You Get $5-Cash- $5 IRIS TOMORROW SWAN UNDERREAMERS & | | | Fl AT YOUR SUPPLY. STO! in Who'll Put the “Rush” Your Christmas Rush? There’s ONE salesman you can’t do without. You hire a’sales force to wait on customers in your store—but you hire HIM to bring ’em in! He's a little ad in this newspaper’s “Christmas Gift Suggestions’ columns in the Alphabetical Classified Section. He’ll put the rush in your Christmas. He's waiting to go to work for you December ist —and stick at it till Christmas Eve. Do Your Christmas Shopping Early BUY IN CASPER