Casper Daily Tribune Newspaper, December 28, 1922, Page 7

“SS SPEGIAL STOGKS (WHEAT PRIGES ARE DEPRESSED GIVEN SETBAG Selling Orders Dominate New York Exchange and Prices Decline. Rallies Unsustained in Chi cago and Closing Shows Some Losses. NEW YORK, Dec. 28— Taxation @aling by large investors combined CHICAGO, Dec. 28—Despite an in- ittal ehow of strength, wheat turned ‘with heavy offerings by short inter-/ downward in price today during the este on the theory that the market | carly dealings. Profit taking on the ‘was due for a reaction, imported «| part of holders appeared tn the main weak torié to. most shares in-todsy’s| to be responsible for the decline. Up- turns at the start were ascribed to the effect of higher quotations at Liver- Pool but buying here lacked volume The opening, which varied from un- changed figures to %o higher, with May 1.26% to 1.26% and July 115% to 1.16, was followed by a moderate setback all around. May and July 6o ‘ng to well below yesterday's finish. Rallies which ensned failed to last in the absence of any aggressive sup- port. The close was unsettled, at the same as yesterday's finish to 2%c jower, with May 24% to $1.24q and July $1.14% to 1.14%. Big receipts here, 550 carloads, had petches announcing the sailing of the British fleot from Malta to the Dar- Ganelles, had an unfavorable effect approximated NEW YORK, Dec. 28-—Stook prices moved within narrow limits at the opening of today’s stock market with the main tendency downward. Pikgly ‘Wigsly was pushe’ up one point to a mew high record and good Saving en inite ha depressing influence on values, . Chandler Kodak | wit! expor: buulness a. and Retail Stores, the goina ringing | mated at 1,000,000 bushels. The close , =) je Caspet Dally Cridune il -:- Finance -- Bonds -:- Stocks -:- Grains - ———_——-NEWS AND QUOTATIONS BY LEASED New York Stocks | Associated Press Leased Wire, American Beet Guga ——-, American Can wT TAS American Car and Foundry -- American Hide & Leather pfd — American Interrational Corp — American Locomotive --_--- American Smelting & Refg. -. American Sugar American Sumatre t5% 127 ba “% 100 Atl, Gulf and W. Baldwin Baltimore and Ohio Bethlehem Steel “B” Canadian Pacific Centra) Leather Chandler. Motors ~.—. Chesapeake and Ohio Chicago, Mil. and St. Paul aar 41% 243 20% Chino Copper Colorado Fuel and Corn Products Crucible Steél 24% General General Goodrich Co. 4% from large fractions to one point. Studebaker dropped 1% points on profit-taking. Weekness also was noted in American Tobacco, Ameriéan: International corporation, Union Pa- ‘eific, Baldwin, International Paper ‘and Transcontinental Oi}, most of the ‘early losses, however, being limited to fractions. Foreign exchanges were easy, demand sterling being quoted at 4.64%. The conflicting price movements suggested a decided division of spec- ‘ulative opinion as ‘o thq ultimate trend of the market. Bidding up of certala spectalties was ultizide as a ecreen for distribution and short sell- ing elsewhere, active railroad shares showing marked weakness. California ‘Petroleum, Chan“ler, Tobacco Products “B" Spicer Manu- XN facturing, United Retail Stores. N North American end Endicott John- gon were actively bought, the gains ranging from cne to four points. Sell- ing ire was most ae against Cwin{ Studebaker, Burns = rrr re aul “B" Pacific Oll, Pan American issues, American fluger, Consolidated Gas, Lehigh Val- Was nervous, % to 1%c net lower, with May T1% to 71%@%c. Corn and cats paralelied the action of wheat. After opening a shade off to %4; up May 72% to 73%, the corn market underwent a general sag. Oats started at a shade decline to a ike advance May 48, and soon eased down for all deliveries. ‘Weakness ot hog values had a bear. ish effect on provisions. Cash Grains. CHICAGO, Dec. 28.—Wheat—No. 2 hard, $1.27%@1.27%. Corn—No. 2 mixed, 72% @73%o; No. 2 yellow, 73@74c. Oats—No, 2 white, 44% @4S%o; No. white, 42% @44\% Rye—No. 2, 90% @91%c. ce Clover seed—$16.50@20.28. Pork—Nominal. Lard—$i0. Ribs—$10.50@11.50. CHICAGO, Dec. 28.— Open High Low Clom Lackawanna Raliroad, Great Sarr cabauyds Berthern preferred, Northern Pacific pitinctpie tegeea| and Illinols Central, all off oné to miei enter eerie nearly two points, Call money opened ‘at five per cent. 13% oe ‘oni ‘The volume of . selling orders in- ~ em iG ee ‘ after mid-day; 2% ing 71% ¢epression “Phang considerabl ERT PUA i “several of the earlier strong feat bee tea. sate aa iy California Petroleum.|suiy __ 43 48% 42H 42% which fell back 8, and Pigsly Wisely | tara— points, from the high figures of the} jan. 10.87 10.87 . ts: SrOMarked weakneés Was|May ---- 1110 11.12 nsiderable number of| Ribs— Mining, and Smelting ‘Jan. --.- 10.90 10.90 10.87 Bb, American 10-|May --.. 10,90 10.90 10.72 and Chicago North “Western 2%. Baldwin subsequently Sire nced to 140% and Studebaker ‘crossed 141 but they both relapsed again, <The closing was irregular. Better uying power was evident ina num: ‘ber of sbarea in the late Gealings par- ticularly in the Pan Asnerican issues, “Cocoa Cola, Corn Products and Con- golidated Gas, but selling of highly speculative shares was continued in ‘other quarters, giving the market o ‘gpotty appearance. Foreign Exchange NEW YORK, Dec. 25.—Forelgn ex- changes {rregular; quotations. in ‘cents: Great Britain demand 4.64; cables 4.64%; 60 day bills on. banks . Fance demand 7.23; cab’ Sas secant cables 5.04%. Bel- POTATOES CHICAGO, Dec...28.-—-Potatoes dull; receipts 14 cars; total United States shipments $57; Wisconsin sacked and bulk round whites No, 1 80@90c swt; Minnesota sacked and bulk round whites 75@85c cwt.; Minnesota sacked Red River Ohios $1.00 cwt-; Idaho sacked Russets No. 1° branded $1.35 Idaho sacked ‘Ruralis Ni 1 Butter and Higgs CHICAGO, Deo, 28—Butter un- settled; creamery extras 6044; stand- ard 47%; extra firsts 47@50; firsts 44 @45%4; seconds 424p43%. Eggs higher; receipts 1090 cases; 5.0 Great Northern pftd. - Iinols Central Inspiration Copper International Harvester Int. Mer Merine pfd. — Intersationa! Paper Invincible O11 Kelly Springtield Tire -. Kennecott Copper Louteetiie and Nashville - Mexican Petroleum Miam{ Copper Middle States Off - Midvale Steel Missour! Pacific ‘New York Central N. Y¥., N. H., and Hartford Norfolk and Western Northern Pacific Oklahoma Pro@ and Ref. ------ ‘Paci{}e Oil Fan American Petroleum ----~ Pennsylvania People's Gas —------. Pure oO Ray Consolidated Coppel! 42% 14% 45 ir Royal Dutch N. Y. -. Sears Roebuck Sinclair Con Ott Southern Pacific Bouthern Railway Standata Off of N. J. -. Studebaker Corporation ‘Tennessee Copper Texas Co. ‘Texas and Pactlic Tobacco Products Transcontinental Oil ~ Triton Pacific 24% United States Rubber United States Steel -- Utah Copper Westinghouse Electric Willys Overland --.--—---. American Zinc Lead and 8m. ~ Butte and Superior --—------- Caia Petroleum Montana Power Shattuck Arizona Chicago Northwestern Great Northern Ore - Maxwell Motors “ Corsolidated Gas American Linseed Oll WYOMING OILS 29% 15% 18 29% Wyoming oils at Usted on the >} lows: Fensland 15%; Merritt $; Mountain | slow, Producers 17%; firsts 40@43; orfinary <izsts 35@3 Maneo' NEW PASTOR WILL BE INSTALLED SUNDAY aT NORTH SIDE CHURCH ‘The installation of the Rev, George Woodard as pastor of the North Side church will take place next Sunday evening. L. A. Reed, moderator -of| the Presbytery of Cheyenne, will pre side. The Rev. David McMartin of Caeyenne will give the charge to the yastor, and the Rev. Chas. A. Wilson of the First Presbyterian church of Casper will give the charge to the’ ‘people. The closing prayer will Le offered by the Rev. Edwin BE. Preston of the Mills and Kenwood churches. ‘The public is invited to this interest ing and tmportant service. ee Big Quicksilver Mines Reopened HOLLISTE,. Cal. Dec. 28, — The New Idria’mines, credited with being at one time the-largeet producing quicksilver properties in the United States, ure to be re-opened !mmediste- ly, after a period of Inactivity, offl- clals of the mines announce. The mines were sold here Saturday on an order of the federal court for $300,000, Former stockholders were the pur- chasers. It is expected that the mines will employ between 400 and 600 men. ge SILVER NENW YORK, Dec. 28.—Foreign bar ‘Holland cables 89.74. UNMorway demand 18.98. Sweden de mand 26.90. Denmark demand 20.67. ‘gwitzerland demand 18.96. Bpain de- mand 15.72 Greece demand 1.19. Po- land demand .0056. Czecho Slovakia “demand 3.14. Argentine demand 88.00. Brasil demand) 11,87, Montreal 98 ued METALS NEW YORK Doc. 28. quiet; electrolytic spot and 14% 014%. Futures 146. Tin easier, spot and near by 88.87 @39.00; futures 39.00. Iron steady; No. 2, northern 27.00 @28.00. : Lead steady; spit_7.2567.35. Zinc quiet ;East St. Louis spot and near by Gelivery $7.00@7.10. Antimoaey. spot °6.25@6.50. —_—_—— — Copper nearby ARBUCKLE FILM BAKRED IOWA CITY, Ia, Dec. 28.—Roscoe Arbuckkle pictues will be barred ‘from Iowa City moving pictures houses, Mayor Emma Harvel has an- mounced. She is the only woman mayor in the state. 1%; Salt Creek 25%. MONEY strong; high 5%; low 5; ruling rate call loans against time loans steady; mixed colla' eral 60-90 4% 145; 4-6 months {%@5. Prime commercial paper. 44 @4%. ——_——_— SUGAR 19,000 tons. fine granulated. There was & mod- erate demand, quiet, middling 26.70. DULUTH, Dec. prices: flax seed December Post Resigned By Adjutant Of -Colorado State DENVER, Colo., Dec. 28—Patrick J. Hamrock, adjutant general of Col- orado, who a few months ago deport- ed W. Z. Foster, raaical labor leader, today announced his resignation with- out assigning resgons. Hamrock was an officer in the national guard dur- j silver 64%; Mexican dollars. 49%. tionel guardsmen in 1913. B 76% jew York curb as fol- Burk: }@ ~~~ ~~~ ~~~ Blackstone Salt Creek Biack Tall horn Ee. T. we Kinney Coastal -. gd (pn cane Fran) 60% | Jupiter -.....---.-- Croek Royal! Lance Mike Herry 66% | Mountain @ Gulf - Ovtweat 26% | Royalty & Producers. Tom Bell Ito; 130% | Western Bxploration — MT ences: Merritt lenrock Oil 86%] Marine new - Mutual S. O. Indi 25% | Cities Service Com. - 133 B} Fensiand --- 290 B]'New York OM - CHICAGO, ment of Agric 50,000; market Of: Securities Feratshea by Taylor and Gay NEW YORE CURB = 33% | Mountain Producers -$ 17.87 $ 18.0 Creek ~----—-- 87% | Big Muddy -——-—~-—. LOCAL OIL STOCKS Bia Ask 22 iy. yalty PAGE SEVEN - Livestock - - All Markets Institute. Mountains was c to §1.8 gravity of the a barrel and According American Pet mports of petre fined ofls) at the States ports for t ber 23 totaled empared with jaily average the weel of ended I Ask 1s 8.12 1.12 21.37 45.75 = 47.00 ~ 1.50 - 1.50 = 1,60 :70 = 1.50 — 1.50 Prices. Dec. 28.—{U. 8. Depart: ulture.)—Hogs—-Recelpts t slow, 6 to 100 lower: yulk 150 to 270 pound averages $8.50@ 55; top $8.60; bulk packing sows $7.50 G81 $8.50 8.60; Ught §8.45@5.6 @8.00; desirable pigs mostly $8.00 ; heavy hot $8.85@8.60; mediuin $8.50@8. lght packing sows smooth 90@8.10; packing sows rough $7.35 @i. killing Cattle — Receipts classes active; strong to 25c higher; beet oulls strong t bulk. beef co 7.00; around $4.60; bulk stockers Shéep—Rece!pts slow; few earl, siders around NEW YORK, Dec. 28—Call money |iower; other classes generally steady early top $1! closing bid 5%; offered at 6; last loan clipped fed lambs steady to $13.1 acceptances | choice 90 pound fed yearling wethers $18.0 able aged 110 pou: $8.00; choice light welght ewes up ta $8.00. OMAHA, N NEW YORK, Dec. 28.—Sugar fu-| partment of Agriculture.)}—Hogs tures closed easy; approximate sales|ceipts 5,000; mostly 5 to The market for refined} bulk packing grad sugar was unchanged at 7 cents for| butchers 8.00@8.1! bulk desirable pigu $7.90@8.i5. 10,000: beef steers largely killing higher; mostly 10 to 15« cows and heifers fully NEW YORK, Dec. 28.—Prices of|25c higher; spotx up more on better Pp. m. today were| grades; canners and cutters strong 0 150 up; veal calves to 50c higher; stockers and feeders about steady; bulk desirable Mutual 11%; Omar} veai calves to packers $10.50@11.0' we and heifers $5.00@ bologna bulls few upward to $4.65; and feeders $6.00@7.00. 12,000; opening ly sales fat lambs to out: ‘steady; packers bidding 5.40 to city butcher: ; clipped yearlings $11.00; desir- 62 pound feeding lambs $14. ind fall clipped wethers Quotations b., Dec. 28.—{U. 8. De- re lower; $ 1e0 1.25@7.50; bul top 8.15. Cattle receipts 4,200; beef steers slow, Cotton. NEW YORK, Dec. ?8.—Spot cotton | heifers 4.00@5.75; cows up to veals 50c higher; top 10.60; all o' classes steady, teady to weak; best here 9.2 bull 7.00@8.50; she stock fairly ac-|/ Fuel’ for this operation tive: steady to strong; bulk cows and! of coal and wood and a plentiful sup- : 6.50;| ply {= now on th® ground. ther | being set for a telephone line to Afton and a car Joad of casing ts expected Sheep receipts 9.000; lamba 26@500 28.—Closing cast | lower; bulk’ 14.15@14.40; 3.601; | sheep steady, bulk ewes ¢ January 2.59%; May 2.46% bid; July 7.85; feeders firm; top feeding lambs 14.50. Receipts 700; steers 34. “Denver Prices. DENVER, Colo., Dec. 28.—Cattle—| top 14.50; @7.35; top market steady; beef 50@8.50; cows and heifers $4.50@7.75; calves $6@9.5 stocksrs hand feeders $3.50@7.50. Hi 8.38, pts =. 1,300; market loge—Recel| steady to strong; top $8.50; tulk $3@ market 6.85; feeder lambs $12@14.25. wnt Biaakenss betas 2cs @iscovered in ing the Ludlow Incident wher striking | trillion cubic tect, ! miners were shot in a clash with na-| greatest natura! gas supply yet dis- covered, A new natural gas field has teen northern Loulsiana which {s estimated to hold about five making it the WASHINGTON tion than to any s son. “This. stock In the nature of a authe The same av ri ters, because the bee increased. plus ts tn tangib Some corporations shares, this does not wo enriches stock ho! ‘entirely fallacto In a Me: (From The Prisoner: “No Judge: “Own a Prisoner: “No, yourself as an ot] Prisoner: ‘Got shallow depth. spring. structure which h: a. producer. which was near Sage used oughly tested. for the spudding well No. 1 near th: th it is expected jstarted within to arrive soon. | Drilling Resum Sw 5 AT Y SUPPLY BR nges Were r more tests will be started there To Drill Ne This Ready to Spud In. Preparationa are nearing completion |MMRKET GOSSIP AND FIELD NEWS J CRUDE. PRODUGT NEW YORK, Dec, 28.—Daily average gross crude oil pro- duction of the United States increased 9,150 barrels for the week ending December 23, totaling 1,691,750 barrels, as com- pared with 1,682,600 barrelg for the preceding week, ac- gording to the weekly summfry of the American Petroleum The daily average production east of the Rocky s 1,191,750 barrels, as compared with 1,202,- 0,850 bar was 5 de and re | Will profes when completed. United The second Wall Creek, which was ho week ended De-/tonped at 2,715 feet, has been pene i barrels, | trated a depth of 30 feet and the bit ts 4 619,565 barrels, a|now on a shell which ts thought by Gan an 281,367 barrels for} the driller to be on top of tho sas|standas’ Ol of Ca Jecember 16 Producing horizon as is found in| (Union Int Stock Dividend No Benefit Dec. 28.—As xation ts not affected adversely, the D, C., this matter more to a apirit of emula ca jound econom:! dividend ma‘ chain ons re tion declares a stock dividend and an other follows sult,” declared a ty explained le proper: may inerease th outstanding stock {1 the belfef 1 future earnings will Justify high ex jvidends on a greater number and that quotations of stock will continue at the old figures, but practice this treasury spokesman pefiasod out. The argument that tho deciarai‘sn of etock dividends thereby automatically termed by thig authority, rk out in ers was ‘xia. Court, “Your ni “7, Jones.” Your occupation?” “Oil bperator.”’ “Do you have any produc- sir.” ny leases?” Your Honor.” ‘Any drilling rigs or tools?” Your Honor." How the Hell do you class opemitory”’ a leather coat, wild woman and an autornoblle.” The rig is being set on a site where a hole was started a ‘ew years ago and drilled to a depth nf about 100 feet. Several companies “It 1s quite generally accepted the are becoming interested in this Prog. the adjustment of the question o: pect and it is quite probable that reparations must underlie any econ ear Granger. A rig has been shipped to Granger and is now being erected at a point near that town for the test as promise is the same ot for a having drilled a @w hundred feet ud ent periods. : and is said to be ono of the best oath: tee, Deora” wmandnsedt: | ene eats Soe the question of repar ipped outfits in that part of the ations but Europeans hold a contrar eee ls the intention to etart| Senator McCormick, of Tilinols, one} invite a conference for the considera state. “It is the intention to start] oe tne republican irreconcilables, de-| ———— reas . drilling immediately and to continue the operation until the field is thor- in of W Afton, will few 11 cons at drilling je next ed at Guernsey. Drilling ‘has been resumed ‘in the test well near Guernsey after a delay while the derrick was being reinfgrced and a new calf wheet installed. 4@)| j STORE high in the treasury department that, sontrary to the opinion in many quar- the government loses no revenue number of shares has A stock dividend does not increase the assets of a corpora- tion and haa not effect upon its aur- plus, it was pointed out, because sur- other than cash and cannot be distributed, next eing rig test started in Lincoln county time ago but was abandoned some after Villow Creek the 82 foot derrick being almost completed, most of the machinery ‘being in place, and days. Poles are The ON STILL GAING French Repub French Repu Kingdom of Beigium Kingdom of Be Kingdom of Nor U. K. of G. B. & U. K. of B. American Sugar 6a___ American Tel % Tel Armour & Co. 4\%a lo. oy rig wus housed in for the winter and|Petricnem ‘suse! Tet Se_-- lecmane ihe woe tice Ste Bm : tinuation of oper: Mil, & St. Paul cv. $4=_—-—- = of the weather. Goodyear Tire $ 1931___- ecko Ss 194 Omaha-Lusk Has Big Well. Gran f Can. Ts... The well of the Omaha-Lusk on|Grand Trunk Ry. of Can. és. s}company being completed on the northeast quarter of section 29-40-78 in the Salt Creek f: onsiderable attention owing tc cation and the amoun te attracting |} its 10-/3 of ofl which It | Ne other parts of the field. It {s estima ted that there ts about 20 feet more of pay sand at this point and wit! the drilling of this a big well ts ex Rubber 7%s 8. Rubber Se___- Utah Power & Ligh Western Union 6% tric treasury department views with |Dected to result. Owing to potier| Westinghouse E quanimity the increasing number of | ‘Touble there has been a delay tn the ; stock dividends and attributes the irilling, but it is expected that this|®conom!e conference to deal with ew, and tt is wholly Inconstatent fa enarit 20ndé of corpor s in| Will be overcome within a few dayy] Conditions tn the war torn nations of | tion of questions {n dealing wih which and the sand drilled through. Europe, At present the fluld {s standing to the top of the ca#ing with quite a jot of gas present and it is said that it I write to say that I know of no prohibition against such an ex pression on the part of the congress. but I do frankly question the desir. the government {s denied all author- ity by act of congress. “So far ag the limitation of land armaments is concerned, there seems could be pumped at its present stage | bility of such am expression. I think! to be at this time no more promisin with an output of 1,000 barrels a day.|'t !8 undesirable because of false m-| prospect of accomplishment than t.] Deeper drilling in expected to cause] Pressions which may be conveyed| when the conferenca wns held in the well to flow and to also increase| ‘hereby to Europe, and even more) washington a year ago. Here, again, I venture to warn the senate against the suggestion to our own people or a gesture of promise to the world which cannot be fulfilled until the nations directly concerned express thelr read- iness to cooperate to such and end. “With respect to a. Mmitation of auxiliary types of naval craft, which are not limited by the present naval treaty, it is to be said that such an agreement is much to be desired, whenever practicable, but we may reasonably postpone our further en- deavors along that line until the agree- ments made at the Washington con- undesirable because of the wrong im- pression {t conveys to our own people “On the face of things it is equiva lent to saying that the executive branch of the government which ts charged with the conduct of ‘foreign relations is not fully alive to a world situation which 1s of deep concern to the United States. “As a matter of fact the European situation has been given most thor- ough and thoughtful consideration for many months. Without questioning the good faith of the proposal, I am very sure it would have been more the output, making {t one of the best producers {n that part of the field, OM Field Picture Interesting. J. Ryan Britt. representing the Alaska Development company of this elty has returned from a successful trip to the coast in the Interests of the corporation. Mr. Britt carries with him a port- able moving picture machine and a reel of film taken on the property of the comany in the Pine Mountain field about 25 miles northwest of this c » Which he uses for the purpose of sh in of owing those interested what the | 2e™ly; and the action of the congress | company haa done in the way of de,joould be taken much more intelll-| ference secure the final sanction of velopment of its land. This picture. #@9tly ‘ y=cper inquiry had been| 4! governments concerned. “Very truly yours, “Warren G. Harding.” GRANDEUR IN SETTING GIVEN RIALTO PICTURE Towering smowtcai{ped mountains and dense wilderness form a back+ ground of striking grandeur for “Cok leen of the Pines,” in which Jane No- vak makes her debut as na star in R-C pictures at the Rialto theater to- morrow and Saturday. TOO LATE TO CLASSIFY pep aia A onitisnotiaenaiiteemincadios ian} WANTED — Experienced maid for general ho. iework, must be good cook. Mrs, Harry Free, 1234 8. Wol- made of tho state department relative o the situation in which we are try: ng to be helpful. » the communications of tho state department relative to delicate matters among nations can not be builetined from day to day but the situation is never withheld from members of congress who choose to inquire for confidential information tn a spirit of cooperation. Such inquiry would have revealed the futility of any conference cali until it 1s under- stood that such a conference would be weloomed by the nations concerned, within the limite of discussion which the expressed will of congreas com- pels this government to impose. “In ratifying the treaty of peace with Germany, the eenate made a reservation that the United Btates should not be represented on the rep- arations commissions without consent which was taken during the summer ‘s very interesting as {t shows all the operations of the company and the production secured in that district. Arrangements are being made to show the film at one of the local pic- ture theaters for the benefit of those interested and Mr. Britt is showing the picture to any one who desires to see it at the Henning. P. & BR. to Hold Special Meeting. A_special meeting of stockholders of Producers & Refiners corporation has been called for January 15 at the offices of the company in Cheyenne by Frank E. Kistler, president, for the purpose of acting on a@ proposal to nerea.® the capitalization of the com- pany from $30.000,000 to $50,000,000 The number of shares will be 1,000,000 with a par ratue of $50 if the mane {s authorized. The outstanding pro a Ohio to Drill Test. tered Ld ea gpagtaee an ee of the congress, and no such consent | bahay i The Ohio Vil rompany is hauling | Doty on te clomeh arenes from bas been given. Moreover, in creat-] LOST — Gold fountain pen, with material for a standard rig which |TOTUa'y's to January 1b, No intima,| ‘nS tho World war debt funding com-| names engaved. Finder please. re- vill be used for a of the Oregon | 1:00 ty given as to the purpose of che| mission, that body was restricted to|turn to 303 Oll Exchange Bidg., and Basin in the Cody district. A twenty | {Crease but itis presumed chat ie wilt| CxPlcit’ terms for rates of interest|recelve reward. 12-28-3¢ nch hole will be started which can| ACroise DUl is Desens additional | nd ultimate time of payment. If con- =e be carried to any depth necesrary to} (tiie, aes gress really means to facilitate the|"OR RENT—Large furnished room test out the deeper formations in case | » vii Manto la tusk of the government in dealing|_W!th fireplace for two gentlemen, vroduction is not encountered at a with the European situation, the first | 737 8. Park bast obs practical step would be to free the hands of the commission so that help- ful negotiations may be undertaken Apartment at Wyatt 1228-1 BORAN 3 PLAN UNBDERREAME £ omic rehabilitation of Europe, and reparations cannot be settled without the consent of governments concern ed. The United States cannot assume to say to one nation what !t shall pay in reparations nor to another nation what it epall accept. “In discussions with foreign govern ments, the previous administration and the present administration have ineisted that the question of Europear debts to the United States 1s distinct GIVEN RAP (Continued from Page One) thority from congress to enable him to do now what he is asking to do.” Senator Lodge once again replied that the president's statement on the question of added powers for the debt commission was intended to mean only longer amortization and interest a clared that “neither the Wilson league of nations, which lives an’ lanquishes, nor the economic conference of thu senator from Idaho caa break down the economic barriers that have been erected in Eorope.” He said the long succession of Buroptan conferences had accom- plished little “because they seek the impossible” and added that a general European conference might even re- tard Europs’s recovery. ‘Those who supported the Borah amendment, Senater McCormick said, had not stated whether they favored further advances to European nations He ‘declared m conference line that proposed by Senator Borah would de-} lay the negotiation of a b of settle ment for the international debts. He charged that Senator Borah in pro posing the conference, had broken away from the policy he had been advocating and that he and former President Wilson “are now proceeding slong converging paths.” Senator Borah could not find better company than Mr. Wilson, Senator Hefiln, democrat, Alabama, {nterject- ed, asserting that the former prest- the greatest peace advocate For Everything in P, rinting TELEPHONE 980-J COMMERCIAL PRINTING CO. Basement Midwest Building—Opposite Post Office be “Things are drifting as the inter- national banker want them to drift he added, “so they can get a strangle hold upon the business of the world.” | ‘The president's letter follows: “My Dear Senator Lodge: “Replying to your inquiry relative to the proposed amendment to ths pending naval bill, authorizing and requesting the president to call an