Casper Daily Tribune Newspaper, January 16, 1923, Page 7

re . if _ course of the markét indicatini Oil -- Finance -: Bonds ‘PRICES UNEVEN [GRAIN PRIGES UP) INDAY'S TRADING - Market Opens Weak but ge Later With ‘ er Buying. ~ NEW YORK, Jan. 16.—Renewal of short pressure combined with exten- sive selling on the part of the fright- ened investors because of the threat- ened complications in the German rep- arations situation, resulted in a fur- ther repairment of quoted values in today’s stock market. The decline. which ranged from one to ™ three points in standard shares, twas con- ducted “in-an orderly mani the sub stantial supporting operations in vart- ous quarters by insiders. Sales a: Proximated 1,000,000 shares. aires NEW YORK, Jan. 16.—A large vol- Ume of overnight selling orders tm- parted a reactionary trend to prices at the ovening of today’s stock mar- ket. Anaconda and Chile each sold off on publication of the terms of the Proposed merger the former drop- Ping a point and the latter.a % point A downward tendency also was noted In the independent steels, low priced Fails and some of the specialties. Prices stiffened somewhat after the initial selling orders had been ab- sorbed and fresh buying power made its appearance in .a number of spe- clal shares. Kresge was pushed up 2% points and gains of one to one and a half were recor(ed by Famous Players preferred, corpora- tion, Steel and Tube preferred, Hous- ton Oil and Endicott-Johnson, Gulf States, Replogle and Crucible Steels also moved to higher ‘ground but Bethlehem B continued reactionary Chicago and Eastern Illinois dropped @ point and fractional recessions were noted in St. Louls Southwestern pre- ferred, Chicago and: Northwestern ‘and New Haven, but New York Cen- tral advances %; Baldwin and Cos- den yielded slightly. Forefsn ex- changes were easter, demand sterling opening at $4.66%.and then dropping} back to $4.66 an overnight loss of 4% of one cent. France dropped five points to 6.75. German marks estab- Ushed another new low record, being * quoted at 61-100ths of one cent a hun- dred, or more than 16,6000 to the American dollar. ‘The market presented a spotty ap- pearance throughout. the morning with tho major activity on the down- ward side. Spectet buying in Kresge, which extenfe’ its ga’n to $% points and tf Gulf States’ Steel, Cofn Prow- ucts, ‘International ‘Paper and. th? American Water Works issue up 1% to 8 points temporarily halted tho re- action. The general buying power. however, was limited and when pres sure applied again to the “copper shares, Bethlichem Band Republic Steels and Baldwin all of one to two points and TiCewater ‘O'l, off ‘744; the market began to sag again: Fear of more ‘serious complications in the Rubr valley end the. concurrent weakness. of foreign exchango and French bonds caused some selling on the part of small investors and a con- traction {n pool operations in many stocks. California Petroleum made a sudden spurt of 1% points but the other active Issues showed little re- cuperative powers at midday. Call ‘money opened at 4 per cent but eased to 8%$ before noon. NEW YORK, Jan. 16.—Traders who ‘vere convinced that the {mmediate course of prices was downward put out short lines freelv during the after- noon and a number of the popular shares dipped a point or two below yesterday's final figurés. Losses tn a few instances were more severe, Lig- gett and Myers fall'ng 7%, Coca Co'a 3% and Famous Players 3 points. California Petroleum was marked up 3m, American Radiator 8, Beechnut Packing 2%, and Standard Of! of Cal- f{fornia, Reynolds Tobacco “B” and United States Alcohol 1 to 1% before reacting in sympathy with the heavy se'ling elsewhere. _ The closing was weak; offerings of ptocks continued to flow into the mar- ket in the Inte dealings and values melted away rapidly in a number of potive shares, Amer‘can Car broke 4% poltns and Baldwin, Studebaker, Allled Chemical, Canadian Pacific, Consolidated Gas, Republic Stee! and North American yielded 3 to nearly 3 points. Mrs. Hill, Wife Of Ambassador Dies of Hurts ‘WASHINGTON, Jan. 16. — Mrs. Zayne Hill, 60 years of age, wife of the former embassador to Germany. died here eadly today from injuries Pecetved when struck by an automo- ‘Bile late yesterday. Stepping from the curb just after leaving her home, Mrs. Hill was struck by a delivery wagon driven by Guy C. Lee, negro ‘who is being held by the potice. She ‘was removed at once to a hospital where her condition was seen to be eritioal. Mrs. Hill, who before her marriage im 1886 was Juliette Lewis Packer, ‘wes prominent in Berlin during Dr. Hill's service as ambassador there. Since his retirement, they have lived in Washington, where Mrs, Hill also ‘was prominent socially. TOO LATE TO CLASSIFY , ——<— —$ — FOR SALE—By ownor, strictly mod- ern new stucco house, four rooms and bath. Phone 1170W. 1-16-1t¢ FOR RENT—To gentlemen, bedroom next to bath, very clove tn. 384 EB. Second. 1462 ON HEAVY BUYING Foreign News and Unfavora- ble Weather Conditions Con- tributing Factors. CHICAGO, Jan. 16—Buying on the Part of houses with seaboard and foreign connections led to an upturn in -wheat prices today during the early dealings. Reports which were current’ that the French planned to occupy Berlin and some bullish ef- fect. Besides farmers’ deliveries in Argentina were said-to be unexpect- edly small and there werg continued adverse. waedher conditions -in the domestic winter crop territory, The opening which ranged’ from %c to %c higher with May $1.19% to $1.19% and July $1.13 to $1.13%, was followed by material further gains. With fair general buying and little aggressive opposition, the market reached the highest point in several weeks. The advance accompanied gossip that a large export business was unde: way. Prices closed strong, 1%c to 2%c net higher, with May $1.21% to $1.21% and July $1.14% to 91.1456. Corn and oats responded to the ac. vance {n wheat. After opening %c to-%c higher, May 72% @ %o to 72% the corn market continued to as- cend. Incrensed speculative purchasing was a decided price lifting influence ‘ater. The close was firm 1% @1%c to 1%c net higher, May 74%c. Oats started unchanged to ec higher, May 450 to 45%c and later showed an advance all around. Higher quotations on hogs, togeth- er with the relative smallness of werehouse stocks, gave strength to the provision market. Open.. High. Low. Close. WHEAT— May - 1.19% 1.21% 1.19% 1.21% July - . -113 114% 1.18 114% Sept. . - ~ 1.09% 1.10% 1.09% 1.10% coRN— May --- July - -.. Sept. . - - 18% 2% 72% 4% TB 24% 2% 73% + = = = 11.85 11.85 11.80 11.30 May’. = - 11.60 11.60 11.60 11.53 RIBS— Jan. --. 11.00 May ~ - - 11.00 11.00 10.95 10.95 MINNEAPOLIS,> Minn, Jan, 16.-~ Wheat—Cash No. { northern $1.20%; 1.20%; May $1-21%; July $1.19%. Corn, No. 3 yellow 66@66%. Onts, No. 3 wh'te 40% @41%, Barley 50@60. Rye No. 2, 82@82%. Flax No. 1, 2.88% @2.90%. . CHICAGO, Jan, 16—Wheat, No. 3 hard $1.21%@1.22%. Corn, No. 2 mixed 72% @73%4; No, 2 yellow 72%@ 73%. "Oats, No. 2. white 45% @47%; No. 8 white 43%@45. Rye, No. 2, 8834. “Barley, 60@65. Timothy seed 6@6.50. Clover seed _ $16,50@20.50. Pork nominal. Lard 11.30; ribs 10.75 @11.50. : Foreign Exchange | NEW YORK, Jan. 16.—Foreign ex: changes irregular. Quotations in cents: Great Britain demand 4.66 9-16; cables 4.66 13-16; 60-day bil's on banks 4.64 11-16. France demand 6.79%; ca- bles 6.79%. Italy demand 4.89%; cn- bies 4.90%. Belgium demand 6.19%; cables 6.20%. Germany demand .0065: cables .0066, Holland demand 39.62; cables 39.65. Norway demand 18.53. Sweden demand 26.96. Denmark de- mand 19.80. Switzerland demand 18.80. Spain demand 15.59. Greece demand 1.28. Poland demand. 0045. Czecho-Slovakia demand 2.88; Arger tine demand 87.62. Brazil demand 11,55. Montreal 09%. Raise in Price Of Pennsylvania Oil PITTSBURGH, Pa., Jan. 16.—The price of ‘crude ofl was advanced 10 cents a barrel at the opening of the market today. The new — prices: Pennsylvania $3.35; Cabell $2.21; Somerset $2 and Somerset light $2.25. LARGE AMOUNT OF COTTON USED .. WASHINGTON, Jan. 1¢.—Cotton consumed during December amount- ed to 527,945 bales of lint and 78 of linters, fhe census bureau an- nounced today, Cotton held in consuming estab- Ushments December 81, was 1,921,- 294 bales of lint and 123,104 of linters, compared with 1,721,425 of lint and 95,069 of Mnters held on November 80 last yeex and 1,738,138 of lint and 168,080 of Iinters'on December 81, 1921. an, Cotton nett in public storage and at compresses on December 31, was 4,074,945 bales of lint and 88,108 of linters, compared with 4,198,095 of Unt and 21,634 of linters so held November 80 last year and 5,206,663 of Mnt and 171,803 of linters so held on December 31, 1921." Exports totalled 607,858 bales, tn- cluding 2,445 bales of. nts com- pared with 639,825 bales including 4,- 394, of linters of December 1921, ee Cotton, NEW YORK, Jan. 16.—Spot ffulet; middling 27.40. cotton New York Stocks Allied Chemical @ Dye _ Ally Chalmers American American Amertcan American American American: American American American American American Anaconda Atchison AtL, Guit Baldwin Locomotive Baltimore and Ohio Bethlehem Steel B Cana@ian Pacific Central Leather _ Chandler Motors Chesapeake and -Ohlo ~-....-. Chicago, Mil and St. Paul .... Chicago, R. I. and Pac. Chino Copper eh Colorado Fuel and Iron ~. Corn Products Crucible Steel Erle ~~. Famous General General General Beet Sugar ......._. Cah Car and Foundry __ Hide & Leather pfd. International Corp _ Smelting & Refg. —. Locomotive -. Big 25% G4 121% Great Northern pfd, - IMinots Central .-. Inspiration Copper International Hervester Int. Mer. Marine pfd ex div -. International Paper .. Invincible Oil Kelly Springfield Tire Kennecott Copper . Louisville and Nashville - Mexican Petroleum Miami Copper - Middle States O11 Midvale Steel Missourt. Pacific .. New York Central = N. ¥., N. H., and Hartford Nrofolk and Western Northern Pacific ¥ Oklahoma Prod. and Ref. ~ Pacific Ol Pan American Petroleum ---~ Ponnsyjvanty People's Gas Pure Ofl keen d, Ray Consilidated Copper .--=-- Reading ex div. -. Rep. Iron and Steel ~ Royal Dutch, N. ¥. Sears Roebuc nelair Con Oil Southern Pacifio Southern Raltlway Standard Of! of N. J. =. Studeb_. ser Corporation Tennessee Copper 40 14% 48y 35% Texas and Pacific -. Tobacco Products ‘Transcontinental Union Pacific Uniteq Retail Stores U. 8. Ind) Alcohol United States Rubber United States Steel Utah Copper Westinghouse Electric Willys Overland oll Butte and Superior Chicago’ Northwestern Maxwell Motors B -. Consolifated. Gas american, Linseed pe heat RS 88% TProd. and Refrs. Stocks - AND LOCAL OIL STOCKS 20 Big Indian ...-.--., 15 Boston Wyoming --- 1.00 Buck Creek at at 24 3 22 aq 146 ls 26 Blackstone Bait Greek Black Tail Chappell —-.2.--. Célumbine _.-. Consolidated Royalty. 1.18 Capitol Pete -..-. 60% Cow Gulen ...-. .03 06 +03 5 Al Bikbora. —W7 a ene E. T. William: Kinney. Coastal Compazs ------_-_.- Frantz ----------.-... 6.25 Mike Henry fountain é& Tom Bell Hoyalty Western Exploration. Wyo-Kans. Wyo. Tex. Western Stat Yeon, aN NEW YORK CURE CLOSING Mountain Producers -§ 16.87 $ 17.00 Merritt -_--. 9.00 9.25 Glenrock Oil “TW... 1.60 1.62 Salt Creek Pras. 20.87 21.00 Salt Creek Cons. 10.75 11.25 9.00 11.00 5.00 5.50 12.62 > 12.87 61.00 61,50 177.00. 179.00 16.62 16.87 Marine new -. SMutual Oil 8. O, Indiana .Citles Service Com, }Fensiand ___. Mammoth Ot) 51.50 52.00 "New York Ot 16.00 18.00 LIBERTY roxnz $101.10 Second 4%s ~~~... Third 4%s Fourth 4% Victory 4% Crude Market Cat Creek Mule Creck Big Muday Salt Creek Rock Creek — Osage - Lance Creek Grass Creek Torchiight Sunburt Elk Basin -------. Greybull Lander 1.16 1.60 1.60 1.60 1.60 pe ale T6 1,00 - 1.60 1.60 ~ 1.15 Live Stock CHICAGO,Jan. 16.—(U. 8, Dopart- ment of Ariculture.)—Hogs receipts 30,000; early market around 25¢ high- er; later slow; bulk 150 to 200 pound 225 to 300 pound: butchers §8.15@8.25; packing sows mostly $7@7.50; destr- able pigs $8@8.50; heavy we'ght hogs $8.35@8.60; light. light §3.85@8.60, packing sows, smooth $7.35@7.75; packing sows rough $7@7.50; killing piga $8@8.50. Cattle receipts 12,000; slow better grades beef steers compartively jcarce, steady to strong; other grades NEW YORK, Jan, 16.—Prices of Wyoming oils at 2 p, m. today were Usted on the New York curb as fol- lows: Boston-Wyoming 1 1-16; Fensland 16%; Glenrock 1%; Merritt 9; Moun- tain Producers 17; Mutual 12%; Salt Creek 21. SUGAR | NEW YORK, Jan. closed steady; approximate ,6250 tons. Demand for refine’ was reported as being dull, prices un- changed at 6.90 but special terms be- ing made by refiners in an effort to Attract business, POTATOES CHICAGO, Jan. 16.—Potatoes slightly weaker; recetpts 54 cars;, to- tal United States shipments © 623; Wisconsin sacked round whites 80@ 1.00 ewt; do bulk 90@1.05; Idaho sacked round whites .$1.00@$1.05; Idaho sacked russets fancy $1.60 cwt; North Dakota sacked Red river Ohios $1.10 cwt. Butter and Eggs CHICAGO, Jan. 16.—Butter lower; creamery extras 49%0; standards 48; extra firsts 47@c@48%o; firsts 45@o @46%40; seconds 440 M450, Eggs higher; receipts 4 cases: tirsts 96%0; ordinary firsts 830@34c; miscellaneous 85c@86o. NEW YORK, Jan. 16. — Butter weak; creamery higher than extras 52%4@530; creamery extras 51% @Bic firsts 48@5ic, Eggs firmer; tresh gathered extra firsts 42@48c; fresh gathered firsts 29@411 Pacific coast whites extras 48c;firets to extra firsts 43@470. | Cheese steady. J DULUTH, Minn., Jan, 16.—Closing| |cash prices: Flax seed, January 2.80) Jasked; February 2.75% asked; May! 2.66 bid; July 2.58% bid, about steacy; top ght steers $11.60; best yearlings $11.25; bulk beef steers $8.50@10; other killing Gasses about steady; undertone weak on butcher she stock and bulls; veal calves are strong to 25c higher; stockers and feedera steady; bulls desirable veal calves to packers $10.50@11: choice selections upward to $12.25 to outs!d- ers; bulk stockers and feeders $6.50 QT, ‘ Sheep receipts 15,000; opening slow; fat lambs and yearlings about steady; e some held higher; three lords oho! 95 pound 16.—Sugar| ted Colorad yearlings $12.75; sheep, sales| weak to lower; 103 pound ewes $77 | 1.25; one loaG 120 pound wethers $8; desirable 70 pounds feeding lambs $14.50, Omaha Prices. OMAHA, Neb., Jan. 16— (United States Department of Agricuiture.\— Hogs receipts 15.000; 10¢ to 200 high-; er; bulk packing grades $7:15@7.50; dulk butchers $3.10@8.20; early top 88.25. Cattle receipts 7,300 beef fairly active, steady to strong; best steers $10.25; bulle fet steers $7.50@ all other classes generally steady; bulle cows and helfers $4.25 @6; canners and cutters $2.75@4; hologna bulls $4@4. veal top $10.25; stockers and feeders $6.50@7.75; too 8.05. § Sheep receipts 14,000; lambs steady; bulk $18.75@14.20 bid; sheep and feeders strong; bulk ewes $6.507: top $7.40; feeding lambs $135.90@ 14.30. . steers, DENVER, Colo., Jan. 16.—-Cattle— Rece'pts, 5,000; market steady: beet steers, $58.75; cows and heifers $3.50 @8.25; calves $5@9.50; stockers and feeders $3.50@8.75. Hogs—Receipts 4,600; market higher; top $8.85; bulk $7.80@8.10. Bheep—Receipts 5,400; + market steady; lambs $1213.50; ewes $4@ 6.75; feeder lambs $12@13,50. —_—_—_—— { SILVER | LONDON, Jan. 16.—Bar silver 82444 per ounce; Money 1144 per cent We NEW YORK, Jan, 1¢.—Foreign bar silver 68%os Mexican dollars bic. averages $8.40@8.50; top $8.69; bulk! $8.10@8.30; medium $8.15@3.50; light) - Grains QUOTATIONS BY LEASED MARKET GOSSIP. CAPITAL OF P. AND B.S INCREASED At a special meeting of stockholders of Producers ‘& Re- finers corporation held at Cheyenne on Monday it was voted to increase the capitalization of the company from $80,000,-, 000 to $52,845,350. completed some time ago and a por- tion will be used for the purchase of the stock of the Lyons Petroleum company, The balance will remain in the treasury to be used needed. An offer will soon be made to the minority stockholders of the two com panies recently absorbed to exchange 85 shares of P. & R. for each 100 shares of Fensiand and one share of P. & R. will be traded for each 50 of | Lyons. Crude On Gravity Basis. With the announcement yesterday | of a raise in price of 10 cents a bar- rel on crude oil by the Midwest Re- fining company which was later met by the Oh{o Ol company, the latter | corporation placed production from the Sunburst field on a gravity Basts for the first time this has been done in the mountain states. On the new basis all crude tn that field below 28 degrees gravity will command a price of 70 cents a barrel, the price in force up to the time of the raise, crude of 28 to 23.9 degrees will be purchased at 90 cents and all of 34 degrees or above at $1. ‘The crude of all other fields is on @ flat basis, there being a general raise of 10 cents a barrel. The old and new prices follo Field Old Price Hamilton Cat Creek - Mule Creek Big Muddy Salt Creek Rock Creek Osage !Lance Creek Grass Creek Torchlight Sunburet | Elk Basin Greybull | Lander -- New Price $1.15 1.60 1.05 115 1.15 1.60 1.60 1.60 1.60 1.60 1,00 1.60 1.60 1.15 Anaconda Bonds Offered. A banking group headed by the National City compay and the Guar- janty Trust company will offer on Wednesday $100,000,000 Anaconda ‘company six per cent first consolida ted series. All bonds due February 1, 1963 at 96%4 and interest to yield 6.25 |er cent. An offering of $50,000,000 | debentures will be made later, The funds obtainéd through the is- suance of $100,000,000 bonds and $50,- | 000,000 debentures will be used to ac- quire 2,200,000 shares of Chil! Copper and to redeem the entire issue of An- aconda’s 28,080,100 series B_ seven per cent 10 year gold bonds and will reimburse its treasury in part of the j acquisition of the American Brass | company. Agreement Made on Debt, It is reported in Washington that | the United States has agreed to ac- | cept 37,000,000 pounds annually from | wnngland for 87 years in settlement of | the British debt. German Mark Makes New Low. | The German mark reached « new | low with quotations at 72,500 for one | pound at the opening of the London j exchange today. Rallrosd Agreement Near. | According to reports from Omaha jan agreement !s near between the | Union Pacific and Southern Paci- fic involving control of the Western | Pacific between Ogden and San | Francisco. Operating Expense Lower. A statement was made by Chas. M. Schwab before a bankers’ associa- tion that the two months combined | operation of the Bethishem and | Lackawanna steel properties has re- sulted in a saving of from $1,000,000 to $1,500,000, Withdrawal Belng Made, The government today is withdraw- | ing $47,000,000 from federal reserve member banks in the New York dis- trict. Industrials Down; Rails Up. ‘The average price of twenty active industrial stocks traded in on the New York stock exchange on Mon- day was 98.04, a net loss of 1.05. The average price of twenty railroad stocks was 85.85 a net gain of .06. Mutual Makes Offer. The Mutual Oll company which re- cently acquired control of the Merritt | OM Corporation is making an offer |to the minority stockholders to ex- change one share of mutual for 1% shares of Merrit NEW YORK, Jan. 16—Call money steady; higi 4; low 3%; ruling rate } closing bid 3%; offered at 4; last loan 3%; call loans against accept- ances 3%; time loans stead7; mixed collateral 60-90 days 4%@4%; months 4%@4%. Prime paper 44%@4% f METALS NEW YORK, Jan. 14%. Tin easy; spot and 28.75; futures 38.87@a9. prices unchanged. 7.60@7.75, Zino quiet |epot and nearby del! | timony spot 6.75. ery 6.95@7. An: 18.—Copper| failed to appear they would be sent steady; electrolytic spot and futures, for, was to be presided over by Gen- 4 nearby Iron quiet: Lead steady; spot East St. Louis) hall Part of this increase will be used to acquire the holdings} of the Fensland Oil company for which ne gotiations were} BERMAN TROOPS (Continued trom Page One) | mund ahd Leunen passed out of the neutral one fixed the Versailles treaty on the right bank of the Rhine, from which German regular troops are barred, into the territory Where the reichswehr hold French cavalry skirts of the city at noon . The French are continuing to send up reserves which are taking up po- sitions behind the river Lippe. The occupation of the Ruhr basin 1s now complete, and the French de- clare that not a single pound of coal) can get out of the Ruhr into the un-| occupied territory without — their| checking it up for the coal tax. PARIS, Jan. 16.—(By The Assoc! ated Press.}—Order has beep restored at Bochum, tn the new'y occupted Ruhr district, where a clash accur- red between German demonstrators and the French troops of occupation jast night, it was offictally announced here this afternoon. The incident {s described in an of-| ficlal communique from the ministry | of war as having arisen. from demon- strations organized the young! communists of Bochum yesterda: when the French forces occupied city. During one demonstration in the morning, .a crowd estimated at 2,000/ Persons, says the statement, attacked a French post which was occupying| the railroad station. The demon-| strants fired, and traces of the bul- ‘ets were found in the wall of the! building under occupation, and one of the demonstrators was killed and two others were wounde*. The! French suffered no casualties. An official communique today to the advance of the French troops tn! the Rubr said that an advanced line| has been established covering the western borders of Dortmund an Hoerde, southeast of Dortmund. | The French advance to Horerde| marks their furthest eastern penera-| tion since the Ruhr occupation started. Hoerde ts abou§ 30 miles northeast of Duesseldorf whence the occupation movement started. LONDON, Jan, 16.—The half hour stoppage of work at Essen yesterday a Reuter Cispatch was accom ‘panied by a vigorous ant!-French temonstration outside the Kaiserhot hotel, the headquarters of the inter- allied mission. Enthusiastic exclamations greeted the sentiments of the orator and the crowd sang “Deutschland uber alles,” “Die wacht am Rhein,” and other war songs, which were interspersed with denunciations of French offical ‘igures who appeared in the hotel windows, MOSCOW, Jan. 16.—(By The As- sociated Press.) —- A demonstration against war and the French occupa tion of the Rubr was staged here yes- torday after ceremonies in observance of the anniversary of the assassina- tion of Dr. Carl Liebknecht, ‘Down with the French tmperlal- long lve the German revolu- tion!” many of the banners read. The corresponfent was informed that Russian government circles pre- fer tranquility {n Germany at this time, One widely known Communist asserted that if a workmen's revolu- tion took place in Germany now, Rus- sia would probably be obliged not only to aid the German communists with arms, but to feed the popula- tion. “With Russia short of food herself, this would be difficult," he continued “But the world remeinbers that we were in worse shape in 1918 than now, yet nevertheless we sent food to German Spartacists, which they re- fused.” I¢ another sort of Huropean war should develop either from the Ruhr.situation or the Lausanne con- ference :t is extremely possible Rus: sia would be sufficlently isolated to remain neutral, he said. ESSEN, Jan. 16—(By The Asso- ciated Press}—Whatever the outcome of the conference set for today at Duesseldorf between the German !n- dustrial magnates and the French economic mission, the Ruhr valley ap- | | | peared this morning to be in line for lan uncompromising military occupa- | ton. | We've tried safe methods and the Germans have refused to co-operate,” | the correspondent was told at French military headquarters. Belgium and north France. Wo will give them something to whine for.” Today's meeting, to which the Ger- man industrial leaders had been in vited under the threat that if they De Goutte. AND FIELD NEWS J ARE MASSING, | Utan “Te? 4-6) they don’t come to terms now they morcantile| will get a taste of what they gave a Kingdom of Belgium, Kingdom of Belgium, 6 Kingdom of Norway 8s U. K. of G. B. & I., 5%, U.K. of G. BL & T,, 5348, American Sugar, 6s American Tel, and Tel. American Tel. and Te! Armour and Co., 41 timore and Ohio c Bethehem Steel ret. Bethlehem Steel p. m. Canadian Pacific deb., Chi. E and Quincy {. Mil & St. Paul.. cv Goodyear Tire, 88, 1931 -. Goodyear Tire, 88, 1941 Grand Trunk Ry, of Can. trand Trunk Ry. of Can Great Northern 7s A Great Northern 5 1-38 B Mo. Kan. and Texas new adj. Missouri Pacific, general 48 X a Power 6s A... New York Central deb., és Northern Pacific pr, lien., Oregon Short Line ref., 48 Pacific Gas and Electric, 53 Penn R. R. Gen., Penn R. R. Gen, Rea(ing Gen, 4s. Standard Oil ‘of Cal Union Pacific First U, 8. Rubber, 7%s U, 8. Rubber, 5s ower and Light, n Union. 64s - house Electric 4s 6s Ww Westin, ‘* 108 SETTLE U. P. AND OMAHA, Neb. Jan. 16.—Through Union Pacific sources tt has become! known here today that a plan for| the settlement of the controversy be- tween the Union Pacific and the Souther Pacific railroads over pos- session of the Central Pacific lines has been accepted by the Union Pa- cific, subject to adjustment of traf. tic details. The compromise plan, ac- cording to a statement made by Carl| Gray, president of the Union Pacific to the Omaha Bee was proposed sev. eral days ago by the interstate com-| merce commission and a hearing on the proposal will be held before the commission next Friday It could not be learned here offi- clally whether the Southern Pacific had accepted the proposal, which it Was said, was made in a memoran- dum from the interstate commerce commission. The settlement would leave the Southern Pacific as owner of the Central Pacific ines but would guar- antee satisfactory use of the line run- | of the French upon Germany's rich coal fields. There was great interest as to} whether the Stinnes holdings would} comply with the summons to eend a representative to the conference. Herr Stinnes himself was reported to} have left for Berlin. | French economic experts appear somewhat less sanguine’ than the| military leaders over the prospects of obtaining practical results from pation. They came here, it was a ted, unp ared for an op- n of this magnitude and the turn of events has caused M. Coste,| head of the mission, to look rather | depressed, although he voiced the | opiiton that today’s conference would straighten out the eituation. i} The about face position of the Ger- man industrialists took the Frenzh by surprise. They were quite convinced Sunday night that the Germans had agreed in principle to the coal de- liveries; hence yesterday’s breakdown in the economic negotiations came as a bombshell. | General De Goutte has issued a! Proclamation in which he declares! that if the local authorities, either by| their actions or by passive resist-} ance, chuse any impedient whatsoever; to the normal progress of business, all the -penalties deemed essary | will be immediately forced. nl ESSEN, Jan. 16—(By The Assocl-| ated Press)—-The Ruhr valley mine| operatora, forbidden by the German! coal commissioner to make deliveries to the entente, have decided to wait and see what France will do, thelr spokesmen sald today. Jan. 16.—(By The Associated Press)-The French now control © outlet from the Ruhr {nto Germany whether by rail water. The lines were extended to day through Dortmund 10 kilometers | northeast to Luenen on the Lippe,| and thence to Witten, seven kilo eters south of Dortmund. Jan. 16.—(By The Asso clated Press)—The French threat to arrest the German coal directors {1 the Ruhr valley has caused # panic in Berlin, says a Central News dis: patch from Berlin this afternoon. On or LONDON eral | From the windows of tho confer. | the Duesseldorf the Frei tanks, armored ¢ and infantry were discernible a ‘ ef forward to strength ence room in AT. YOUR SUPPLY RE, Ss. P. LEGAL BOUT OVER RAIL LINES ning from Ogden to San Francisco, by the Union Pacific. A prominent member of the Union Pacific legal staff stated that the pro- posal is, in effect, a division of trai fic territory. It provides, he de- clared, that the Union Pacific shall handle all traffic northwest of a di- viding line running along the north. ern boundary of Arkansas over to the Mississippi river, up the river to the Ohio river and north to Pittsburgh and to Buffalo, N. ¥. The Union Pa- also would be permitted to into the Southern Pacific territory south and east of the dividing line to solicit business, if tt so desired. The Lusiness north and west of the boun- dary, under the proposal, will’ pass through Omaha and the Ogden gate- way to the coast. Prior to Edward Harriman's pur chase of the Union Pacific, the South- ern Pacific owned the Central Pacific. Harriman wanted the Central Pacific Une from Ogden to San Francisco as & western outlet for the Union Pa- cific and to get it, he bought the en- tire Southern Pacific system. The supreme court ordered this merger iseolved, as a violation of the Sher- man anti-trust act. Suit was then instituted to divorce the Central Pa- cific from the Southern Pacific for the same reason. A few months ago the supreme court ruled against this combination also. 7 $s the Berlin exchange today the dollar was around 18,000 marks, ROME, Jan, 16.—A report that the German ambassador to Italy had been recalled was semtofficially de- nied today LONDON, Jan. 15—The German mark exhibited another sharp drap today, falling to 72,500 to the pound ring on the. possibilities of fur- drastic action by the French in the Ruhr The French france was slightly bet- ter, being quoted at 69.05 to the pound. DUESSELDORYF, Jan. 16. — (By The Associated Press.)\— The Rhein- sh-Westphalian mine directors re y to resume coal erles to France and Belgium tomo row morning at the latest. Othe: wise further penalties would be ap: plied, he announced. SWAN UNDERREAMERS AT SUPBEY "YOUR TORE And to your pleas they won't releng Then look up , ‘Homes and Flats to Rent” en CLASSY FIED The Want Ad“Page”