Subscribers enjoy higher page view limit, downloads, and exclusive features.
THURSDAY, JANUARY 18, 1923 STOCK PRICES ~ ARE BUOYANT Trading on New York Ex- change Witnesses Many Sharp Advances. NEW YORK, Jan. 18.—Professional operators for the advance disregarded foreign news developments in today's stock market and bid up stocks on the strength of domestic conditions. Bhort interests were obviously dis- couraged by their failure to bring out more stocks at the lower leve's. Trad. ers operating on the long side found encouragement in high crude oll prices; increased car loadings, par- tictlarly of general merchandise, re- sumption of dividends on Republic Steel preferred and .continuance of low money rates. Sales approximated 175,000 shares. NEW YORK, Jan. 18.—Resump- tion of yesterday's short covering op- erations imparted a firm tona to prices at the opening of today’s stock market. Demand was most effective im the steel, copper and public utility shares. Republic Steel preferred gained. one point in refiection of a resumption of dividends. Beechnut @dvanced % to a new high record. Moderate gains algo were recorded by United States Steel, Crucible, Na- tional Lead, American Smelting, Pub- le Service of New Jersey and Stude- baker. United States Realty ad vanced 1% and Tidewater Ol 2 points. . There were a few weak spots !n the initial dealings but the usual leaders were all selling above yester- fay's closing leve's. Anaconda was fepressed 1% points on over-night tnnouncement that the common stock would be doubled in connection with the company's new financing pro- fram. Union Pacific and Utah and U. S. Rubber preferred declined frac- tonally. Republic Steel common was pushed up 1% ‘“Btudebaer extended the'r gains to one point each. Pggly Wiggly advanced tour points. Foreign exchanges open: wd weak, rallied slightly and then vagged again. Demand sterling sus- tained an overnight drop of 1% fents, being auoted at $4.33%. French francs dropped 6 points to cents. The German marks were quoted at 42-100ths of a cent or approximately 23,800 to the an dol‘ar. Prices cont upward rourse througi Ing, the sharp advances in 1 issues Necting the competition for stock tween short intor nd-traders. have been operat of the market. paid to the lay Copper which ext points and to the further depreciation of foreign exchanges and French and Belgian bonds. Bullish in meouragement in t yy improve- ment in domestic trade condit'ons as reflected in higher crude ofl prices, heavy car loadings of general mer- thandise, increased steel operations and a stiffening price tendency in that industry and low money rates. Rail- road shares fluctuated within nazrow mits except the coalers, which were strong. Baldwin up 1% Jed the ad- vence among the standard industrial Issues. Republican Steel preferred and American Tobacco advanced. Call money opened at 4 per cent. The failure of any material volume of offerings to materialize at the higher levels provoked more general buying in the afternoon, with the de- mand limited to a large exteut to the in¢ustrials and specialties. Motors and the accessory shares, equipments independent steels, leathers, olls, cans and public utilities were in demand 't considerably higher levels. Amons the more noteworthy gains were Ohio Fuel, six points, Continental Can and Central Leather preferred 3 and Chi- cago Pneumatic Tool, Lehigh Valley. Coca Cola, Studebaker and Sloss Bheffleld Steel preferred 2 to 214. Profit taking in United States Steel after it crossed 106, forced it back to closing with the balance tinued to work higher fre cosing ‘was. strong. The further recovery in prices took place jn the late dealings in fas gta to ggreasive buying operations in spe- Gia! stocks, particularly the tobacoo shares and some of the independent eteels. METALS NEW YORK, Jan. 18—Copper quiet; electrolytic spot and nearby 14%@14%. Tin easy; spot and near: by 38.50; futures 38.75. Iron steady; prices unchanged. Lead steady; spot 7.60@7.75. Zno quiet; Bast St. Louis spot and nearby delivery 6.85@6.90, Antimony spot 6.85. Flax Seed. DULUTH, Jan. 18—Closing cash prices? Flax seed, January 2.84 bid; February 2.79% bid; May 2.56% bid Suly 2.63% did. Cotton. NEW YORK, Jan. 18,—Spot cotton} steady; middling $28.15. and Crucible and}. GRAIN PRICES WEAKER TODAY Fractional Losses. Recorded in Day of Sluggish Demand in Market\ CHICAGO, Jan. 18.—Sellers decid- edly outnumbered buyers in the wheat market today during the early dealings and’ prices tended down- ward. Bears asserted that owing to the unsettled Huropean outlook ex- port business was demoralized, and that weakness of exchange rates made revival difficult, Continued ad- Verse crop conditions tn the domestic winter wheat territory failed ‘to act as an offset. The opening, which varied from unchanged figures to %c lower, with- May 1.19 to. 1.19% ‘and July 1.12% to 1.13%; was foilowea by @ moderate setback al! around. Subsequently, a forecast of much colder weather led to increased buy- ing of July and September and to a rally in prices for those months. The close was unsettied at 1c net decline to M%oc advance, with May\1.18\% to 1.18% and July 1.13% to 1.13\. Corn and oats declined with wheat. After opening #4 to.%se lower, May 73% to 78%, the corn market con- tinued to sag. News that general drought wus endangering the Argentine corn crop had a steadying effect later on the corn market here. Corn privos closed firm at % to %@%4c net decline, May 73% @% to 73%. Oats ‘started % off to % advance, May 45% to 45% and Inter underwent a‘slight general decline. Higher quotations on hogs gave firmness to the provision market. ‘ Cash Grains, CHICAGO, Jan. 18.—Whest No. 2 hard 1,2019@1.21\%. Corn No. 2 mixed 71% @72%; No. 2 yellow 72@72%. Oats No. 2 white 45@46:; No. 3 white 44 G44%. Rye No. 2 8734 @87%. Kaley 58@68. Timothy seed 6.00@6.50. Clover sged 13.50@20 50. Pork nominal. Lad 11.40; 19.40@11 50. Ribs Open High Low Close Wheat— 119 1.19% 1.18% 1.12% 1.13% 1.12% 1.0944 1.10% 1.09% 1.18% 1.13% 1.097% ABM 42% 40% 42% 40% 11.27 11,35 11.27 11.45 11.65 11.42 CHICAGO, Jan. 18. — Potatoes ; receipts 48 cars; tota! Unitod States shipments 640. * Wisconsin sacked round whites s0c@$1 cwt mostly 85@90c cwt.; Gitto, bull 20¢@ $1.05 cwt.; M'nnesota sacked Red River Ohios $1. cwt; Idaho sacked round whites $1@1.10 cwt; poor at 90q owt. MONEY NEW YORK, Jan. 18.—Call money firmer; high 4; low 4; ruling rate 4; closing bid 4; offered at 4%. last loan 4; call loans against acceptances 3%. ‘T'me loans steady; mixed collateral, 60-90 days 4%4@4%; 4-6 months 4%@ 4%; prime commercial paper 44% @4%. 5 acca ia Pa = Foreign Exchange | NEW YORK, Jan. 18.—Foreign ex- changes irregular, Quotations in cents: Great Britain demand 4.65%, cables 4.65%, 60 day bills on banks France demand 6.66%, Italy demand 4.76, cables 4.76%; Belgium demand 6.08%, cables 6,09; Germany demand .0047, cables ; Holland demand oy .68; Norway demand 18.4 demand 26.00; Denmark demand 19.58; Switzerland demar” 18.61; Spain de- mand 16.56; Greve demand 1.22; Poland «er.and .0f {3; Czecho-Slovakia Argentine demand 37.10; Brazil demand 11.45; Montreal 99. GOLD IMPORTS ON DECLINE WASHINGTON, Jan. 18.—Imports of gold into the United States during 1922 the department of commerce an- | nounced today, were $275,169,085 com- pared with $691,248,297 in 1921. Ex- ports of gold during 1922 were $36,- 874,894 compared with $23,391,377 in 1921. Silver {mports were given as $70,- 806,653 in 1922 as against $63,242,671 in 1921 and silver exports as $62,807,- 286 during 1922 compared with $61,- 675,399 the previous year, ee NEW YORK ysed easy; appro The market for refined ev nd fine granulated ‘was unchanged at $6.90, s+ Stocks -:- Grains - ———-NEWS AND QUOTATIONS BY LEASED 0 eee New York Stocks Associated Press Leased Wie Allled Chemical & Dye Allis Chalmers ---. American Beet Sugar -.--_.. American Can ---.----..---- Car & Fountry --.. 179 Hide & Leather pfd. 67% International Corp - 25% Locomotivg ------.- 123% Smelting & Reig Sugar -.... Sumatra Tobacco__.26% B Pe Se ne Arerican Awerican, American American American American American American American American Anaconda Atchison Atl, Gulf and Baldwin Locomotive Faltimore and Ohio iehem Steel ‘B" ber dian Pasific Central Leather ~. Chandler Motors Chesapeake and Ohio -. Chicago, Mil and St. .Paul Chicago, R. I, and Pac, Chino. Copper --- Colorado Fuel and Iron ~ Corn Products Crucible Steel Erle — Famous yers Lasky General Asphalt General Electric ----. General + Motors joodrich Ulinols Central inspiration Copper -. Internationa] Harves' Int. Mere Marine pfd. International Paper Invinetble Olt Kelly Springfield Tire - Kennecott Copper Louisville end Nashville - Mexican Petroleum Miami Copper -. Middle States Of Midvale Steel Missouri Pacific -.... w York Central ¥., N. H, and Hartford forfolk and Western -. Northern Pacific -.. Cklahoma Prod and Ref. Pacific Oll ---- siete BS 2an American Petroleum Pennsylvania People’s Gas Pure Oil American Linseed Ol .. Consolidated Gas -. Maxwell Motors B .. Ray Consolidated Copper cago Northwestern ~ Reading tep. Iron Royal, Dutch, N. rs Roebuck 3nelair Con. Ol Southern Pacifid outhern Railway jtandard Oil.of N. J. itudebaker Corpo: sseo Copper Co. vexas and Pacific Tobacco Products Transcontinental nion Pacific ~ Talted Retail Stores -. 1, S. Ind. Alcohol’ - mnited States Rubber tinited States Steel ‘tah Willys Overland -------. American Zinc Lead and Sm. futte and Superior -. “ala Petroleum Shattuck Arizona - Great Northern Oro CRUDE OUTPUT TAKES SLUMP Decrease of 1,150 Barrels a Day Shown in Week’s Pipe- line Runs. NEW YORK, Jan, 18.—The dally average crude o!l production of the United States decreased 1,150 barrels for the week ending January 13, to taling 1,751,350 barrels as compared with 1,752,500 barrels for the preced* ing week, accorting to the weekly summary of the American Petroleum Institute. The dally average produc: tion east of the Rocky Mountains wns 1,226,350 barrels as compared wtih 615,000 barrels an Increase of 10.000 barrels. Midcontinent crude advanced 10 cents a barrel, now being quoted at $1 to $2.10 barrel, according to the gravity of the oll. Pennsylvania crude ndvanced 10 cents @ barrel, now being qvoted at $3.35 a barrel. Gulf coast remains unchanged at $1.25 a barrel. The imports of petroleum (crude and refined oils) for the week ended Jan- uary 18, toalled 1,777,901 barrels com- parec with 2,227,069 barrels for the week ended January 6. Exchange Mart Is Demoralized LONDON, Jan. 18—(By The Asso- clated Press.)—Tho foreign exchange market was utterly demoralized today with International operations {n con- tinental currencies practically at a standstill, any business traneacted be- ing purely in the nature of a gamble. German marks at noon were quoted at 105,000 to 110,000 to the pound sterling. ‘The French franc stood at .75 and the Belgium: franc at 77.35 ‘0 the pound. wai . real estate, owners of townsite, — Kepresentatives wanted, Call or write us. Toapot Development Co., 218 Midwest Bid: Casper, Wyo, 16. Oil Securities , Furnished by Taylor and Clay. LOCAL OIL STOCKS Bessemer 20 Boy w-- 1.00 aq Big 1.15 a9 Consolidated Royalty_ 1.2> Capitol Pete ow Gulcn ‘ Domino Tom Beli Royalty Western Exploration. Wyo-Kans. Wyo. Tex. stern States - 32 NEW YORK CURL CLOSING Mountain Producers Merritt Glenrock Ot! Salt Creek Prds. Salt Creek Cons, Prod. and Refrs. Marine new Mutual Oil ~ Indiana - Cities Service Com. Fensland 09 50 $101.22 98.54 98.10 93.66 98.14 98.86 Firs’ Second 4s First 4Ks Second 4%s Third 4%s Fourth 4\s Victory 4%s -. ———— Crude Market Hamilton Cat Creek Mule Creek Big Muddy Salt Creek Rock -.Creek Osage Lance Creek - Grass Creek -. Torchlight Sunburst Elk Basin Greybull Lander 5 Live Stock Chicago Prices. 5 CHICAGO, Jan. 18—(United States Department of Agricuiture.)—Hogs— Receipts 36,000; fairly active; 10c high- er. bulk. 150 to 180-pound averages $8.50@8.55; top $8.60; bulk 200 to 225- pound butchers $8,30@8.40; bulk 250 to 300-pound butchers $8.15@ weighty packing sows, around 7.20; destrable pigs 5@8.50; heavy weight hogs $8.05@38.25; med'unr $8.20 . Ught $8.40@8.60; ght ight packing sows, | smooth, packing sows, rough Killing pigs $7.75@8.50. Cattle—Receipts 11,000; market slow: beef steers steady to weak; spots lower; killing quality plain. 310.50 bid on matured steers; bulk beef steers of quality and condition to sel! at $8.50@9.75; she stock largely steady; with Wednesday's declino; other classes generally steady; veal calves strong, active; bulk desirable veal calves to packers $11@11.50. out- siders hand picking upward to $12.50; bulk desirable heavy bologna bulls $4.65@4.85. — Sheep — Receipts 19,000; opening very slow; few early sales choice Vght lamb strong to 15c higher: in- between Kind weak; carly top $15 to packers; fed yearling wethers and sheep steady; cholce 90-pound year- linge $13. desirable 120-pound ewas $7.50; feeders’ supply very Ifberal; de- mand good, no early sales, Omeha Quotations. OMAHA, Neb. Jan. 18,—(United States Department of Agriculture.)— Hoge—Recep'ts 18,000; mostly 10@ 15c lower. bulk packing grades $7@ 7.25; bulk butcher hoga $7.95@8.05; top $8.10, Cattle—Recelpts 6, and she stock most bulk steers $7.50@5; top $9.90; bulls weak to 25¢ lower; veals steady. stockers and feeders dull, weak. Sheep — Receipts 10.000; killing classes strong to 25¢ higher; bulk lambs $14@14.50; $14.65 bid; bulk ewes $7@7.40; no feeders here. 300; beef steers 10@15# lower; - Denver Prices, DENVER, Colo., Jan, 18. — Cattle receipts 2,200; market steaty; beef Steers $4.50@8.75; cows and heifers $3.50@8 26; calves $509.50; stockers and feeders $3.5098.50, Hogs receipts 2,200; market steady to 10c lower; top $8.30; bulk; bulk $88.15. Sheep recetpta 1.000; market steady lamba $12@18.50; ewes $4@0.75 feed er lambs $12@132.50. Butter and Eggs | CHICAGO, Ja: creamery ex 18.—Butter hig ic; standards 48% 490; Ser * 181.00] MARKET GOSSIP AND FIELD NEWS WESTERN STATES NOW DRILLING IN The Western States Oil & Land company Is drilling in its No. 30-A on the northeast quarter of section -39-78 in the Nive: Creek field and from present indication will make a pro- ducer good for 500 barrels or better. The second Wall lee was tapped at 2,590 feet and the bit is now 20 feet in the sand. Oklahoma, each of which {is an offset No. 29-AX on the northwest quar-|t© @ producing well in that field. | ter of section 17-3978 has been shut Jdown for some time owing to col- | lapsed casing. Efforts to straighten have been successful and drilling will be resumed within the next few days. This well has been drilled to; the top of the second Wall Creek and| a tew days more of operating should see the completion. Rigging up fs about completed for No. 19-A on the northeast quarter of section started next week. As there aro three producing wells offsetting this loca. tion, permission has been granted by the conservation committee to drill the hole. Well Nears Oompletion. One well is being drilled in Salt Sreek by the Continental Producing compe . formerly Inland Oil and | Refining, in Salt Creek. Brown No. 3 on the southwest quarter of section | 2,349 feet. Brown No. 4 quarter Is being rigged up Increase in Car Loadings. 6, totalled 03 of 50,103, over the prev: Jan Increase | week. | _ Republic Resumes Dividends, Regular quarterly dividends of 1% per cent have been resumed by the | Republic Steel corporation. } Announcement, Premature. The London announcement that | Hugo Stinnes had secured a credit | of $10,000,000 from London bankers | was premature, although negotiations are under way according to Berlin @spatches. Large Sum for Disvelopment. Bothleheng Steel is arranging to spend $25 000,000 in developing the cent!y acauired plant of the Lacka- | wanna Steel company. British Debt Mission Recalled The British debt mission has been recallec to London for further con- | ference following the failure to reach an agreement at Washington. Will Prosscute “Slickers” The attorney general of the state of New York has established a bu- reau to co-operate in the prosecution of bucket shops, fake investment firms and unlawful stock promotions, Marks Hitting Low. A new low for German marks was again established with the opening of the London exchange today when the quotation was 97,000 for one pound sterling. Industrials Up, Rails Down. The average price of twenty active industrial stocks traded in on the New York stock exchanso on Wed- nesday was 97.05, @ net gain of 09. The average price of twenty raflroad stocks was 84.53 a net loss of .07. Montana Oil Notes. Gordon Campbell O'l & Refining ;}company has been incorporated with capital of 1,000,000 shares, $6.00 par, over the leases of the Gordon.Camp: bell-Kevin syndicate and the persona’ holdings of Mr. Campbell in the Kev- in-Sunburst field and on the Chouteau structure. The company proposes to build a pipe line; a topping p’ant at Spokane and a refinery at Seattle. The Queen City Ol] company of Re- gina, Canada, has purchased 1,088 acres of permit land from A. Beard- sloe at a consideration said to be $80,- 000, Davis Bros. expect to spud in a well on section 25-14-26 Fiat Willow struc- ture. ‘The United States government has withdrawn from entry as of Decem- ber 9, 50,719 acres of land in Toole county. Of this amount 2,512. was withdrawn from the Shelby f'eld; 35,- 9,935 in the Gas Ridge field. The “5! 8-39-78 and drilling will be/| TWENTY YEARS OF ROAD WORK YET, (6 CLAIM CHICAGO, Jan. 18.—From 15 to 20 Years of road building lies ahead of the country to complete the federal ald program estimated to represent an expenditure of $3,000,000,000, | Thomas J. McDonald, chief of the fed. 40-78 is preparing to cement at day at the thirteenth on the same | ay loading for the week ended on | completed. | ood roads eral bureau of public roads, s: annual id to: good roads congress. Within that period, he sald. 180,000 miles of improved roads would be Approximately one third of the program, or 60,000 miles of had been completed or were under construction, he declared, adding that records for construction were broken in 1922 when 10,000 miles of federal aid roads and more than that mileage without federal as. sistance were built. Texas led the states in 1922 with 933 miles of com- pleted highways. “Arkansa: eorgia, Iowa, Minne- sota, each with an Increase of more than 500 miles, and Montana and|/ Wisconsin, with more than 400 miles each, made notable advances toward the goal of a completed highway sys- tem,” said Mr. McDonald, —_————— COAL BARONS 10 BE GIVEN TRIAL (Continued trom Page One) of working the German forésts on the left bank of the Rhine as ordered by under the laws of Delaware to take] ofrictals of the consulate the French, Italian and Belgian gov- ernments. This step is a penalty for Germany's default in deliveries of wood. The control commission does not contemplate the occupation of Muen- ster it was officially announced. Seizure by the French of a number of coal barges intended for German domestic us is reported today, Measures have been taken to prevent the loading of similar cargoes. LONDON, Jan. 18.—Hundreds of unemployed are reported to he besieg- ng the French consulate at Liverpool in an effort to get work in the Ruhr mines. and the French regime. y nothing can be done in this connection as no official instructions have been re- celved from France. COBLENZ, Jan. 18.—(By The Asso- slated Press.)—Officials of tho Amer- can troops of occupation are making avery effort to mitigate crowded con: ditions on the transport St. Mihiel when {t takes the troops home, Servants must be left behind. Bag- sage will be limited to handbags. Husbands and wives will have sepa- rate quarters. ITALY SEES DANGER IN FRENCH SEIZURES. WASHINGTON, Jan. 18—(By The Associated Press.)—Italy has taken definite steps to impress upon the 272 from the Kevin-Stnburst fleld and| British and French governments that she regards the present situation in 6".Petroleum corporation in|the Ruhr as fraught with great dan- the last half of November and first} Ser, and although not taking the por half of December produced 29,161 bar- rela of oil, ‘The Fraizler well on the Bears Den structure north of Chester is down about seven hundred and fifty feet. The Absoraka 0:1 Development ‘company sent a crew to finish its well on section 27-15-30 of Cat Creek. Mark O,. Danford of the Mid-North- érn Oll company states that in 1922 \the state of Montana received from (the Cat Creek field $101,000 in, taxes. He further states that 256 dry hotee have been drilled in this state at a Cost of $9,890,000. One hundred and eleven producing wells have been brought ‘n in Cat Creek, twenty-eight in the Kevin-Sunburst field and sevon in'the Soap Creek field at n total cost jee, $11,464,000, with total producing of {10,000 barrels per day according to |Mr. Danford's figures. i Marine Absorbs Arcola. | ‘The Marine Oi company has taken over the well of the Arcola O!] & Gas |Trust on the Carnetro structure in | Ellsworth county, Kensas, according to an announcement by Max W. Ball. |president of the rine-Ute Petrole- jum company of which Mr. Ball is also president, holds nereage on the atruc ture as do the Carter, Consolidated | Royalty, Union of Californt and sev- |eral other companies ‘Tho well is now at 3,500 feet, and the Stapleton sand, the productive horizon in the Evdorado, Florence and Peabody pools, is expected within 200 jto 800 feet. The Marina has agreed to drill to this sand. Southern States Rushes Vrork tion of an actual mediator has earnestly suggested that any further forcible step# toward the collection of German reparations be taken only after the most mature consideration. The Italian government is under- stood to have acted after the German ambaseador at Romo called attention to the fact that the French army in the Ruhr and the remnants of the German military forces are facing each other across a space of only a few miles, presenting a situation re- garded in Germany as involving the most dangerous poss!bilities. GELSENKIRCHEN, Jan. 18.—Sev- en barges carrying coal destined for various cities im Westphalia were stopped by the French while travers. ing the Rhine canal here today and reconsigned to Strassbourg by y of Ruhrort and up the Rhine, DORTMUND, Jan. 18.—One hun dred and twenty cars laden with coal, consigned to the tnter‘or of German; Ited at the limits of the oce': zone today and diverted to ———___ KLAN FLAYED BY GOVERNOR CHICAGO, Jan. 18.—Henry Allén, former governor of Kap: @ speech here last night characte Ku K “the Dom. of Gai. 5% per cent notes, 1920 French Republia 8s French Republic, 748 Kingdom of Belgium, Kingdom of Belgium. 6s Kingdom of Norway, $8 U.K, . B& T., bys, 192 U, K. of G. B, & T., 5%s, 1937 American Sugar, 62 -- American Telephone and Teleg American Telephone and Te.eg Armours and Co. 44s Baltimore and Ohjo., Bethiehem Steel p. m. Canadian Pacific deb., Chi. Burl. & Quincy ret., Bs A Chi. Mil and St. Paul cv.. 4514 - Goodyear Tire, 8s, 1931 . Goodyear Tire, 8s, 1941 Grand Trunk, Ry of Can. and Trunk Ry. of Can., 6s at Northern is A Great Northern 5.1-3s Mo. Kan. and Texas new Missour! Pacific gen. .4s Montana Power 5s A -- New York Central deb. 6s Northern Pacific pr. lien 4s — Oregon Short Line rof., 4 Pacific Gas and Elec Penn R. R, gon. bs Penn R. . gen., 55 - Reating Gen., 4s Standard Ojl of C@l., Union Pacitle First’ 4a 7. S, Rubber Tis - U. 8. Rubber 5s - Utah Power and Light, Western Union 6%s - Westinghouse Electric ™% , shes 6s 108 88% 110% 108% MONDELL ENDORSED FOR OFFICE OF SECRETARY OF INTERIOR At a meeting of the executive committee of the Rocky Mountain Oil & Gags Producers association, which has as its membership practically all of several matters of importance lution endorsing Frank W. M tary of the interior was unanimously adopted. PRINCIPAL I NAMED AGAIN (Continued from Page One) “Yes str, but he wasn't present that night.” Rufus Bubanks, 18, of Mer Rouge, the first witness today testified that on August 24 he had taken Newt Gray in Gray's automobile from Bas- trop and had dropped him on the road at a point within 200 yards of the place where the holdup later uccur- red. Gray had previousty testified that Eubanks had acted as his chauffeur that day Fred Eubanks was excused after he said he did not see Gray any more until the following morning. Newt Gray was recalled, but when he reached the stand state's attor- ney’s told him to “sit around for a few minutes longer." Gray was vis ibly nervous as he approached the stand. He turned around and walked slowly out of the room Leon Daniel, brother of Watt Daniel, the next witness, said he ts the only brother of Watt “It hag been testified here you made a statement Watt Daniel had been accused of shooting at McKoin."" “My brother Watt told mo he had been accused. He also told me Rich- ard was accused. Then he told me latter both he and Richard was ac cused." “Did he approve of the vigilante committee of the Ku Klux Klan?" “No air, he was open in his talk about the Kian after some klansmen had made a raid on the negro settle. ment on his plantation. The negroes sald they were dressed in black hoods and robes gnd were looking for whisky. Watt was home at the time, but did not know. of the raid until after (“o klan had been gone,” Henry Pipes sald he and his broth. er were at Guy Boyd's store on Au gust 24 when two carloads of black hooded men drove up and wanted thelr automobiles, one a truck, re- plenished with gasoline. “I saw some blindfolded men in the truck,” Pipes testified. T. ©. Pratt Jr, who admitted on the stand he was a klansman and owner of an automobile truck with which he said he hauled logs on Au- Gust 24, until 6 o’c‘ock in the evening. was questioned at length about the truck and a log unloader at the lum ber milis at which he was employed near Mer Rouge, He said there was a white man by the name of W. F. Howard who was employed at the mill, sawer. witness said Howard nocked from work on August or a the usual tims, six o'clo Ness was interrogated at | the various mack mill Reports Daniel a death by f SILVER ' . have y YOR —Forelgn t ar LONDON, Jan 82 7-164 per ounce; cent. 18. — Bar money the operators of this district, were attended to and a-reso- ondell for the office of secre- This en- jdorsement was wired to the president, @ copy of which follows: “Casper, Wyo., Jan. 37, “To the President, | “Washington, D. C. “At a meeting of the executive com- mittee of the Rocky Mountain Qll & Gas Producers tion held at Casp Wyom y @ resolution was unanimously adopted endorsing Honorable Frank W. Mondell fér the office of secretary of the interior. His lifelong experience in legislative and land matters and familiarity with western industries, conditions and “aspirations seem to us to make him jan ideal man for the position. | “Rocky Mountain Oi] & Gas i Producers Association. “By B. B. Brooks, President.” MORE TRAFFIC IN 1922 OVER U.S. RAILROADS WASHINGTON, Jan. 18.—Exclud- ing coal, American railroads carried more traffic during 1922 by 16 per cent than any previous fear of thelr Listory, according to. final re 8 compiled today by the car ger- vic vision of the American Rail- Way association. Due to the five months strike of coal miners ‘the amount of coal transported was less than the amount carried during 1921 by seven per cent. Total loadings .of all commodities other than coal during 1922, amount- ed to 36,265,178 cars, compared with 31,347,816 tn 1921 and 35,036,022 in 20. Including the coal shipments which amounted to’ 7,448,341 cars, the total freight traffic of 1922 was esti- mated at 43,713,519 carloads, SENATE HEADS OFF TESTIMONY (Continued from Page One) and sa'd he would send to New York for actual records. 1923. Jan. 18.—The > senate ofl investigating to demand the records of all transactions of the Hyva corpora- tion, a private investment company owned by the Sinclair family, was cha'lenged on the witness stand todey by Harry F. § ir, chairman of the board of the Sinclair Consolidated O!! WASHINGTON right of t committe —— PORT TON, SWAN UNDERREAMERS = AT YOUR SUPPLY. STORE