Casper Daily Tribune Newspaper, January 20, 1923, Page 4

Oil -:- Finance - STOCK MARKET (GRAINS TOUCH TONE (3 FIRM) LOW FOR WEEK Railroad Issues Popular in|Diversion Trading of Short Session in New York NEW YORK, Jan. 20.—A firm tone prevailed at the opening of today's Btock market of buying 1 tio: and Beech ak price on Tho usual Steel, Baldwin 2% points ted States lower Heaviness the standard industrial after the opening, early losses being largerly limited to fractions. Beech- nut forfeited its early gain and clined a point under last night's close. Pressed Steel Car also receded a point and Allied Chemical, Mon tana Powder, Btudebaker were off % to nearly 1 point. Gains of a point each were recorded by Loose-Wiles Biscuit and Stewart Speedometer while St. Paul preferred, General Cigar, Utah and United States Rubber improved frac. tionally. Foreign erchanges opened easier. SILVER | NEW YORK, Jan. 30.—Foreign bar !iver 65%; Mexican dollars 60%. eet Bank Reserves Up. issues soon NEW YORK, Jan. 20.—The actual] Wheat— condition of clearing house banks and | May trust companies for the week shows| July that they ho!d $17,136,440 in excess of legal requirements. This is an in- crease of $12,042,800. WYOKOTA OIL COMPANY | THROWN INTO BANKRUPT NOW BANKRUPT CONCERN CHEYENNE, Wyo., Jan. 20.—The Wyokote O!] and Refining company. with headquarters at Newcastle has been adjudged bankrupt in the United Btates court here. Its liabilities are listed at about $60,000 and ite assets as “nominal.” The bankruptcy pro- peedings were instituted by creditors whose claims total about $20,000 and fhe corporation adm'tted insolvency. —- Pres. Harding Is Improving WASHINGTON, Jan. 20.— Presi- fs Wheat Ship- ngland Has Bear- ish Effect ments to CHICAGO, Jan. 20.—Lowest prices of the week were touched in the There was a resump-| wheat market today during the early some of the rails | dealings. yesterday’s late| Wheat originally Department Store| many were being diverted to England Reports that cargoes of intended for Ger- had a bearish effect. On the other hand, continued dry weather in the domestic wheat belt failed to exert more than a temporary sust. ning In- nd Pan-American opened | "Gence on prices. The opening, which ranged from %o decline to %o ad- dropped out in some of | Vance, with May $1.18% to $1.18%, and July $1.12% to $1.13%, was fol lowed by @ moderate setback al! around, aa f General commission house buying developed on the decline, and caused the market to rally in the alter trad. ing. Prices closed steady at the same ‘American Linseed and|%* yesterday's finish to %c lower, with May 1.18% to 1.18% and Jur 1.12% to 1.13. Corn and oats receded with wheat. After opening %e off to oc up, May 12% @12%0 to 78c, the corn market underwent a general sag, May go'ng to a discount below July. Scantiness of receipts alded a rally later. The close was steady at the same as yesterday's finish to % @*c off, May 72% @72% to 12%. Oats started unchanged to Mec down, May 44% to 45c, and later ‘showed losses of all the active months Provisions lacked support, notwith- standing an upturn in hog values. Open High Lew Close 1.18% 1.17% 118% ing 2% 1.18% 1.12% 1.127 Sept. 10° 1.10 1.09% 1.09% Corn— BY ae 73 72% .72 acy -18% .72% Rit pt ... 78 he Ye .12% 172% May 4 44% Phoned 42% 42% D 40%. ¢ = % 40% 40% Jan. 1147 11.62 11.47 11.47 May 211.77 11.77 11.67 11.67 Ribs— Jan. — 0.90 Mly 10.90 PRINCE OF DENMARK MUST EARN LIVING BECAUSE OF REGENT BANKING FAILURE COPENHAGEN, Deo. 80.—(By Mat! ‘o Associated Press.)—Prince Aage of Denmark, whose fortuns was wiped cut in & recont bank fatture has gono to Moroceo to earn a living. as a m: fer in the French slontal forces. Swst before he departed, during the ristmas holidays, ho said he was fent Harding has so far recovered| renuinely sorry that he could not take today from his attack of grippe that | \, he hoped to be at his desk Monday. No engagements will be made for that day, however, as he has an ac cumulation of official papers awaiting his return. : On the advice of his physician, the president spent most of today lying gown in his reom, Muscle Shoals Power Units To . Be Completed WASHINGTON, Jan. 20,—Comple- P an active business career {n his own country. He had never enjoyed anything more, he added, than the job he once held for eral months tn a foreign branch of a well-known American firm, neither his employers nor the othe: employees knowing hic Teal {dentity. In Donmark Prince Aage was called the American prince. His habits and tastes Were similar to those charac: terizing Aa citizen of the United States. Most of his intimate friends were Americans, and their mode of fe was his. Prince visited the United States, plunged into society, and adopted many American ways. Recently {t was thought desirable to use the prince {n an ambassadorial Yon of Dam No. 2 and § complete| capacity, but, with his fortune gone, power units at Muscle Shoals was|¢ was unable to accept a post paying Agreed to by the house when it ap: only a small income. So he has proved a section of army bill appro-| entered military life, having the repu- priating $6,998,000 for work this year and authorizing the secretary of war to contract for tho expenditure of $10,501,000 more for hydro-electric machinery and other equipment fies alent tal Pie In America there {s one telephone for every eight people, and in England one for ev y-seven ‘To find a careful, honest man, Equipped with truck or moving van, tation of being o1 of the finest soldiers in Denmark. The Princess Aage and their five years old son have gone to live th Italy at the home! of the princess's father, Count Calvi di Bergolo. Stanley Bal dwin - Bonds - ; American Linseed O11 -. Boon after tne war tne, New York Stocks Allied Chemical @ Dye ---.._ Allis Chalmers .... American Beet Sugar .—-~....- Amerinan Can -...--..-. American Car & Foundry ...- American Hide & Leather pfd . American International Corp .- American Locomotive American Amezjoan American American American American Anaconda Atchison a acon AU, Gulf and West Ini Baldwin Locomotive Baltimore and Ohio ~-.---.--—- Baltimore Bteel “B" Canadian Pacific ~. Central Leather ‘hancler Motors ... thesapeake and Ohio -..... Sugar ---------.--- Sumatra Tobacco .. T. and T. -.-------- Chicago, MBI and Bt. Paut Chicago, R. I. and Pac, ... 32% Chino Copper 26 Colorado Fuel Corn Products --... Crucible Steel Genueral Asphalt General Motors Goodrich Co. .-...---. Great Northern pfd. ~ nots Central ---.—. Inspiration Copper ~..-. International Harvester Int. Mer. Marine pfd. -. International Paper .. Invincible Otl 15 Kelly Springfield Tire ~. 49% Kennecott Copper --- 85% Louisville and Nashville - 132% Mexican Petroleum Nrofolk and Western Northern Pucifie Oklahoma Prod. and Ref. Pacitie Ott Pure Ol Ray Consolidated Copper -. Reading Rep. Iron a Steel . Royal Dutoh, N. Y. -. awne 51% Soars Roebuck ---- wwe 851, Sinclair Con Of) ex div. -- 33 Southern Pacific --- 89 Southern Railway -.-. 30 Stendard Oll of N. J. = 41 Studebaker Corporation 114% Tennessee Copper - 11% ‘Texas Co. --«-. - 48% Texas and Pacific Tobacco Products - ‘Transcontinental Ot . Union Pacific ~-. United Retail Stores U. 8. Ind. ‘Aleohol --.. United States Steel Utah Copper «-~ Westinghouse Electric - Wiliye Overland .-..-.. American Zinc, Lead and 8: Butte and Superior Cala Petroleum Montana Power Shattuck Arizona -- Great Northern Ore . Chicago Northwestern - Consolidated Gas Maxwell Motors B -.-. Monk in Mexico Says World Will End Dec. 12, 1954 MEXICO CITY, Jan 4.—(By Mail to Associated Press.)—Considerable janxiety is being shown by the Indian | Population of the village of Mixcoca, Near Mexico City, following the re cent declarations of iather Genero Rivera, a Carmelite monk tesiding there, that the end of the world will cnme on December 12, 1954. The monk bases his prediction on [highly complex astronomical observa: tions he has been conducting for ears, and he asserts that the milion. jium Js a certainty on the date men. | tioned. Inasmuch as he is a highly eepected man of tho village, his as. | Teat excitement |among the credulous Indians Local | nevepapers bave given mueh prom- inence to the predictions, Oil Securities Furnished by Taylor and Clay. 33 at 115 ww ae Preston ..-.....-----. 00 Royalty & Producers . .13 Tom Bell toyalty -. .0116 Western Bxploration. 2.36 wneenecees 00% Western States --.. .21 Y O wee, 88 33 NEW YORE CURE CLOSING Mountain Producers -§ 17.00 § 17.25 Merritt 2 Salt Creek Cons, Marine new Mutual Of] -....-.... Producers & Refiners S O. Indiana -... Cities Service Com, -- Fensland ---.-.. Mammoth Ctl New York O! — ——— + Hamilton Cat Creek . Mule Creek Big Muddy Salt Creek Rock. -.Creek Osage Lance Creek - Grass Creek - Torohlight en eecen nen $1.25 | woonn= 1.76! aweweweenne 1.15 Greybull OnIO OWL CU INARKET GOSSIP. AND FIELD NEWS ATALING OPERATIONS No completions were recorded by the Ohio Of! company during the past week although several are at or near the sand and shoulé be drilled in in the near ffuture. 0; by the company have been curtailed until it has at present only twenty wells being drilled in the mountain district. Status of operations in Wyoming and Montana follows: Kevin-Sunburst. —_—_—_—_—=_—_—“_—_————=X— No. 1 Holloway, section 34-86-23, fishing for tools at 1,380 feet. No. 1 Baker, section 4-35-2W, drill ing at 1,686 feet. No. 2 Berg, section 6-82-1W, drilling at 1,480 fect. No. 1 Sauby, section 13-34-3W, drill- ing at 1,080 feet. No. 1 wiasee section 15-85-2W, Grilling at 1,020 it. Buffalo Basin. No. 1, section 3-47-100, cemented at 1,630 feet. Oregon Basin. No, 1, section 8-51-100, drilling at 150 feet. Hidden Dome. No. 1 Brome, section 31-48-90, shut down at 1,447 feet. Salt Creek. No. 3 Tract “K", section 20-3 Grilling at 2,692 feet. No. 2 Tract “ET”, section 20-39-78, testing casing at 2,466 feet. Lance Creek. No. 3 Converse Sheep, section 32-36- 65, drilling at 300 feet. Rock Creek. No. 2, seotion 26-20-78, straightening hole 3,693 feet. 7 Dixon, section 34-20-78, drill- at 3,400 feet. No. 8 State Land, swabbing and bailing at 3,178 feet. No. 9 State Land, swabbing and bafling at 3,125 feet. No. 2 Trapshooter, section 34-20-78, fishing for bailer at 3,258 feet. 7 Harrison & Cooper, section 15%4-inch cemented at 625 feet. No. 1 Harr.son & Codper, section 8-19-78, drilling at 2,780 feet. Baxter No. 1 Unton Pacific, section 21-16- 104, cemented at 2,345 feet. Mercer Dome. fo. 1 Brophy, section 38-15-95, drill- ing at 1,300 feet. COST OF LIVING SH OWs DECLINE 3 (N LAST YEAR Live Stock Chicago Prices. CHICAGO, Jan. 20.—(United States Depaftment of Agriculture.}--Hogs— Nece'pts 5,000; market fairly active; strong to 10c higher. bulk 150 to 190- round averages 260 to 220-pound 240 to $00-pound bute! $8.25@8.40; packing sows general'y 7@7.25; estimated holderover 4,000; Saturday weight hogs $8.15@8.35: medium weight $8.25@8.70. light $8.65 @8 85; light Nght $8.60@8.85; packing sown emooth $7.2697.60: packing sown rought $707.80; Killing p'ge $87 8.65, Cattle—Recstpts 500; compared with week ago, beef steers and butcher she stock 250 to TSe lower: medium to wood beet steers and medium helfars showing most declines; extreme top matured beet steers $11.60. best Iong yearlings $11.26; light kinds $11; can- ners and cutters Ife to 25¢ lower! hulle 380 to B0c lower; veal calves mostly 50¢ higher: stockers and feed- ers strong to 16¢ h'gher; week's bulk prices follow: Beof steers $8.15 8.2%; and feeders stock $4.5006.75; and cutters $2.85@3.65; veal calves $10.50@11.25. Sheep—Recelpte 2.000; run today mostly ago: direct; compared with week at lambs ateady to 10c highe: ‘ipped kinds showing most advance: ted yearling wethers iv: and = feeder fot sheep, weak to 0c lower; Ught welght ewes off most: week's top fat lambs $15 to packers; bulk des! able wooled kinds $14.50@1 el'p- ped $12.35@12.90; summer shorn WASHINGTON, Cc of living in 81 cities in which surve; were madé decreased 'n the 12 months pericd ending in December from 5.2 in Norfolk down to four-tenths of one per cent in Indianapolis, according to a report today by the department of labor. These decreases compare wit declines of from 25.1 per cent in Savanna to 13.5 per cent in Los An geles in the period from June, 1920, to December, 1922. Among the cities reporting showed ‘decreases for the 13 months period ‘were: Denver, Francisco, 2.3; Los Angeles, 1.1; San Seattle, 2.8 per cent. WASHINGTON, Jan. 20.—Reports issued by the department of labor to- day shew that in December there was an increase of one per cent in the retail cost of food to the average family compared with November There was @ decrease of 2 per cent from December 15, 1921, to the same date last month. For the nine year period ending last December 15 the ‘nerease Was 41 per cent. Decreases in food prices last month as reported included: Pork chops, |! per cent; oranges, raisins, 3; round steak and ham, 2 per cent, while « number of other articles showed smaller decreases. Articles which increased in price during the month included butter, 16 per cent; cabbage, 6; onto 5; cheene, eges, corn meal and navy beans, 3; fresh m lk, evaporated milk, oleomar- garine flour and granulated sugar, 2, ‘and macaroni, coffee and bananas, 1 per cent. The average family expenditure for food increased during the month in 41 cities, the percentages ranging ‘from 4 pr cent in Denver down to liess than 5-10ths of one per cent in tions GREAT THEATER DEAL INCLUDES MLL U.S, CLAM Legitimate Enterprise to Be Promoted by Merger Now Being Framed. NEW YORK, Jan. 20.—Control of the majority of the theaters in the United States showing legitimate en- terprises, and not those of New York city alone, was thought to be one of the aims of the proposed merger of the interests of the Shuberts and A. L, Erlanger and perhaps several of the independent theater owners. Con- firmation of rumors that the deal was pending was obtained this week from both Mr. Erlanger and Lee Shubert. The plan is said to involve approxi- mately $50,000,000 and calls for sa‘e of part of the stock to the public. It is now planned to include New York theaters as well as those play: ng first-c'ass attractions in all the larger cities of the United States. It 8 estimated the Shuberts and Er- tanger already control about four- fifths of the theaters of the countr? exclusive of motion picture houses. The consolidation would affect the- aters only and not the production of enterprises, it was stated. Auto Licenses Of Future To Pay tor Roads CHICAGO, Jan. 20. — Within a few years revenue derived from If censing of motor vehicles wiil pay the cost of maintaining the improv- e@ roads of the nation, J. N. Mac- Kall, commissioner of roads in Maryland declared here before the annual meeting of the Amert- can Road Builders assoctation. The attitudo of motorists and mo- torlst associations in opposing any form of taxation of motor vehicles has radically changed within the last few years he said, and the Great majority ere boosters for the idea of levying sufficient tax upon such vehicles to pay the cost of maintaining improved roads. The only just and equitable method of levying for the mainten- ance of roads, Commissioner Mac- Kali said, shoulé be upon the amount of travel made by each ve- hicle. WRECK BLAMED ON WATCHMAN WASHINGTON, Jan. 20.—Respon- sibility for the wreck on the South- ern Pacific at Humble, Texas, or December 13 in which 22 persons were killed and 11 injured was placed by interstate commerce commis. sion insp engine watchman who had heen piaced in charge of a light engine on a side track at Humble. Smith, the Inspectors report said, moved the en- gine to a point so near the main track that a ‘passing passenger train was sideswiped and wrecked. — . EFFECT ON DEMAND FOR GRAINS at one time this week, when reports were current that German troops were being mobilized, the majority of traders appeared to be acting later on the view that it was an open question whether war-like developments would at present enhance grain values. Com- pared with a week ago, wheat pr'ce this morning ranged from %c decline to %c advance, corn showed %@ vac to 1%0 gain with oats up % to %c and prices unchanged to 42@45c higher. Reports touching chances of peace or war attracted much more notice than any other subject among wheat traders, but the most prevalent opin- ‘on was that Buropean countries were in no financial position for military clashes on a large scale and that armed hostilities of subordinate char- acter woud chiefly result in further curtailing power to buy. On the other hand, dry weather adversely affecting great areas of the adversely winter wheat territory made would be sellers more cautious than would otherw'se be the case at this season. ‘With export business only fitful at best and with competition from the southern hemisphere increasing optimists regarding higher prices for wheat had to be content with such factors as a hitch in British debt fund- ing arrangements and a continuance of Lberal receipts at the western mar- kets centers. The passage ot the Capper rural credit extension bill in the senate, however, helped somewhat a8 a stimulus as a buying side as the week drew to a close. Drought in Argentina, together with dwindling of domestic. receipts put firmness into prices of corn and oats. Good sized export clearances strengthened the prov.sion market. - FRENCH AND BELGIAN BONDS ON DECLINE IN NEW YORK MARKET NEW YORK, Jan. 20.—Some of the, erato: developments of th's week’s financial markets were the acute weakness the French and Belgian bonds, new high records in the cotton market and] jp, exchange | gto, which showed an extreme deprecia-| 5) tion of more than 60 per cent during | ao, the collapse of German the week. of] in bring: me for the advance then took control of the market and succeeded ng about a good recovery. The course of prices indicated that.” the main the shortening supply of cks was closely held in the hands Professional interests and that metic conditions were likely to con- tl 4 Stock prices showed few material | nue 8 the dominating factor in de- changes at the close of business last night. Short interests made two at- tempts to unsettle prices, the'r drives on the mark cide with unfavorable ni patches from abroad. wi stantial recessions were forced in the| ton of dividends on prices of a number of the leaders, the| Preferred, combined with termining quoted values. Speculators for the advance found timing | S¢veral encouraging developments in to coin.| the domestic situation to aid them in their operations. ineludea the resump- Republic Steel operations bear attacks were abandoned when it| %t 85 per cent capacity in that indus. was found the volume of forced lqui-| try and a stiffening price tendency, dation was comparatively small. Op. Engineering is . Responsible for Wrecks--Stone CHICAGO, Jan. 19.—Warren 8. Stone, grand chief of the engineers,| week ago. declared here today that “poor engi- neering” was the cause in many in: stances for the burning of bridges on the Missouri and North Arkansas| actual railroad at Harrison, Ark., where a] transac’ increased car of General money ratés. Principal activity in the stock mar- ket continued to be centered in shares of companies reporting large current earnings and in which there 1g a possibility of more favorable divi- dend action. Several pools were ac: tive in those shares. The collapse in German exchange sent the market as low as .0042 cents, or approximately 23,800 to the Amer. {ean dollar as against .0096 cents a Other European rates also were reactionary, but al! recovered somewhat later in the week, the mark getting back to .0056 cents. Little commercial business is being ted in marks, German import- loadings, Merchandise particularly and low “citizens committee” has organized| ing and exporting firms having adopt> up Portland, Ore., and Seattle. The ex: OFFICER. O'FLYNN to investigate and prosecuting acts| ed ‘foreign currencies as a medium of ‘No Indictments wing —sii scan, t i} ture deoreased in elght c ties. of ssbvet 7 moving —simpl, to $13.25; choice fed yearling weth.|Pend! . ¢ sabotage. exchange months ago. Except for To do you Py ers $13; heavier kinds $11,60@12,75;/ 108 Angeles showed no change in the Reliet engineers, replactng the| the accomodat'on of customers, meet F. F e heavy fat ewes $56.50; lighter L. strikers, had caused the burning in| Of the large banks decline to do busi- or logging welghts upward to $8; week's top many instances, Stone safd, through | ess in marks in less than lots of a feeding lambs $14.75. iNew Cannon Has Quotations. | OMAHA, Neb., Jan. 20.—(0, Omaha ° partment of Agriculture vied a, 60-Mile Range neglect of fire pans, causing live| Million or more, a small premium coals to fall on the bridge timbers as| “bove the quoted price being charged the train passed. for al transactions under $100. Stone and other brotherhood chiets| A new high record for Indian rupee HOUSTON, Texas, Jan. 20.—The Harris county grand jury which has pg CLASSY FIED | The Want Ad “Pag SWAN UNDERREAMERS The chancelior of the British ex- chequer is now in Washington in his capacity as chairman of the Debt Re- funding Commission which will ask Uncle Sam for more time in which to pay the war debt. — Oll leases, reat estate, owners of Teapot towns! Nepresentatives wanted. Call or write us. eapet Developm 218 Midwest Bldg., Casper, Wv: it Oo., a For ever should weigh 3 pounds 5 ounces, 1-8-tf | | inch of sfature a man the week without returning any !n- dictments. Both the flogging victims, Mrs. Audrey Harrison and R. A. Armand, have told their stories to the grand jury, and two men have been arrested in connection with the case. One man was released on bond on an assault to murder charge and the other was released without any charge. ——_——— CHICAGO, Jan. 20.—-Butter higher; creamery extras 50%c; standards 49c; extra frets 48@49c. firsta 46@47c: Eggs lower; receipts 6,624 firsts 34@34%0; ordinary firsts 30@ 820; miscella us 38 @ 340. Earthworms, which are eyeless, can/round whites feel light through the skin. cases; | Cattle rece'pts 1255: compared with Week ago: beef grades, beef steers, steady; others 250 lower; she stock | 28@85c lower; bologna bulls weak to 25c lower; beef bul canners and cutters steady; veais strong to 60c higher; stocke: and feeders steady; bulk fod ateers 7.50@ ie + Week's top 10.26; top feeders 8.05. Sheep receipts none; compared with Weel: ago: light lambs steady; others and yearlings 25@60c high shoe: steady to 260 lower; feeders 25@400 higher. POTATOES | CHICAGO, Jan. receipts 43 cars; shipments 5 25@400 lower; 20.—-Potatoes dull; total United states : Wisconsin sacked 808950 cwt.; dusties acked 95c@$1.00 cwt. =) SET FOR JULY 24 10 27 |non ever made at a French arsenal \has just been completed at Truelle, |gays a despatch to the Journal. The gun will have a range of more than ,80 miles, The tube is 21 metres long, land weighs 90 tons. With its cradle and @ special carriage, the piece has a weight of nearly 250 tons. FRONTIER DAYS DATES CHEYENNE, Wyo., Jan, 20.—Fron- tier days, Cheyenne’s annual wid west carnival, this year will be held July 24, 25, 26 and 27. The dates were selected Thursday at a meeting of the citizens’ Frontier committer at which Dr. B. F. Davia was electe¢ president-manager and Hay Bel arena director. Prince Ready to | Marry When He | Finds the Girl NEW YORK, Jan. 20.—Asked why the Prince of Wales does not marry, the Rev. Albert Victor Balllye, dean of Windsor, who advises the British royal family in matters spiritual, smiled before he answered: “He hasn't found the girl. not come along yet The dean is visiting New York. “When the Prince of Wales mar. ries, it will be a love match. He has been traveling a great deal and Per. haps is a bit reutless and unwillhe; to settle down as yet.” She has exchange probably explains thi ‘ oose Creek on » of | bulk packing grades 7.00@7.25; bulk| old fi v! and a woman, adjourned today for| butcher hogs 8.0008.15; ba He | PARIS, Jan. 20.—The largest can held here soon. Ls rom this country to India via London, during the week. The money market continues easy in tone, the ruling rate for funds on call being about 4 per cent, Plenty of time money ts available at 4% per cent but brokers continue to bid only 4% for the longer maturities. Some thirty 4 re arranged at 4%). SWAN