Casper Daily Tribune Newspaper, January 21, 1923, Page 8

WYOMING’S LEADING OIL, BUSINESS AND FINANCIAL DEPARTMENT PAGE EIGHT : ( Casper Sunday Worning Cribune >: ; ; EDITED BY L..C, BAILEY —= NO SUGH THING AS BUSINESS \umSe%"2%S°° 17 or cccaaucs FRENCH AND BELGIAN BONDS ON Allis Chalmers _ 48B| | Furnished by Taylor and Clay. : 7 ra r 7 1 m/f: in 7 American Beet Sugar - 38Bb]| - ear Amerian Can 2. | Uf ful American Car & Founcry 149 : i ; a American Hide & Leather pfd 80B “4 4 sn at puedes International Corp’ - 25% NEW YORK, Jan, 20—The collt@ié of General Merchandise and low = = rs . Am Locomotive __. 122% of German exchange which showed, money rates. peu 0 mena. an 102 5 * Agnet icin, i . : Dom cent notes, 1920 - 2 Strictly Speaking It Does Not Exist; Foolish to As-| Americen Smetting & Rote. sax Jan extreme depfeciation of 60 per| Principal activity tn'the stocke mar-| DO of Can. $38 per ae Wil P A of porn plni aller aeep whi cent, new high records in the cotton ket continued to be centered in| French Republic, 749 nee Ov re America: bacco --: market, and the acute weakness of|shares of companies reporting large, Kingdom of Belgium, 7% -. sume There Be Any Set eriods Uver: Amuslean a and T. --- 2.122% Chappell a at rare and Belgian bonds, i. ba current earnings and in which there| Kingdom of Belgium, 6s Eid My = ui Am ‘obacco 18 “ . of the outstanding features. in the/ is a possibility of more favorable divi-| Kingdom of Norway, $s Expansion or Depression, Authority States. American Woolen - Consolidated Royalty. 1.28 1.80" week in the financial markets. end action. Several pools were ac-|U- K. of G. B. & I, 5 boat) ————— ees ce Copper Capit tor ane aaan noes % —-90% | Stock prices! showed few material! tive in those shares. U.K. of G. B. & 1, 5%, 1937 pit WELLESLEY HILLS, Mass., Jan. 20.—‘I don’t know| Atchison -_—. tpotiins tries eee ‘0g. | changes at the close of business last! The collapse in German exchange| American Sugar, 6s -—----—-————————-- 1B Comes * , + ., Gulf and West Indi 8 rerest: | American Telephone and Telegraph cv., ‘ which is more perilous: to disregard the business cycle alto-| patawin Locomot! Elxborn og | Mgnt. Short interests made two at-| sent the market as low as .0042 cents,| American Telephone and Telegraph, col 9% 99 ther, or to get a smattering of it without really under-| Baitimore and Ohio ~ Leela a isa ue ee tees etre jbrices, | timing | or approximately. 23,800 to the Amer-| Armour and Company, 448 - 88) ge 7, One ge W. Bab . stat ti dt Bathian, taal Kinney oCastal _ ‘39. 41 | the'r drives on. the market to coin-|ican dollar as against .0096 cents a| Baltimore and Ohio cy., 438 -. KL standing it,” says Rogeg - Babson, in a ement issued to- b=} jem B Compass 7-2. 01% 0g |cide with unfavorable news des-| week ago. Other European rates also| Bethlehem tSeel ref., 58 By day. ‘‘Many executives think they have got the business bss Retry ee ific .. Franta ..-1-.2_- 2. 8.25 8.0 | patches from abroad. While sub-| were’ reactionary, but all recovered, Bethlohem Steel p. m., Se Ls sd cycle by the tail and that their fortunes are made. These | $e™'"®! Leather Gers LL 10 +12 | stantial recessions were forced in the| somewhat later in the week, the mark| Canadian Pacific deb., 5s ail x Jet hoes oneral tendeney toward “equaliey, | Chandler Motors Jupiter “—_--- == 103 04 | prices of:a nuniber of the leaders, the| getting back to .0086 cents. Little) Chi. Burl. & Quincy, ref., 6s A % aapetticial thinkers who have -picited (4 seeral: ceadaisey) Tong ton yey, | Chesapeake and Obio — Lance Creek Royalty .02 $3 | bear attacks were abandoned when {t| actual commercial business is being | Ch: Mil., and St. Paul c 400% up the business cycle” as the latest | Ir ards, + Ber! Chicago, 3 eo Herry .-..---. | 7 ns Goodyear Tire, &s, 1931 if catch-phrase, are simply playing with| ‘ods of prosperity tend to be about| Giicase Lage oh = Mountain & Gulf --2127 1.29. | Was found the volume of forced Iqui-| transacted in marks, German import-| Goodyear Tire, Se, 1941 114% edged tools and are going to get bad-|cqual. They vary greatly in dura-| ¢ Donner: a 00% | dation was comparatively small. ‘ Op.|ing’and exporting firms having adopt-| Grand Trunk Ry of Can., 7 113% 8 tion, and they vary greatly in inten-| 22° Copper ‘21 | erators for the advance then took|ed foreign currencies as a medium of|Grand Trunk Ry. of Can. 6 102% ly cut. ding how the public| sity, But the intense periods are] GUiorsao. Fuel an 04 | control of the market and succeeded| exchange months ago. Except for|Great. Northern 7s A -.- 108% rust up the idea.” From boot:| usually short, and‘ tie mild’ partods'| ee, promuats r 01% | in bringing about a good recovery: | the accomodation of customers, most|Great Northern, 5 13s B 100% aD one. i eritional “outer | are. uddally ake; aortuat, toa acabteee Coville , steel Royalty & 14%4| The course of prices indicated that|of the-large banks decline to du busi-| Mo. Kan. and Texas new adp. 55 a4 ee a ees he business | mass is remarkably constant. Tho| 4° > Tom Bell Hoyaity 914 04% / in the main the shortening supply of|ness in marks in less than lots of a|Missourl Pacitic gen, 4s 60% ences, siness mous Players y Western Exploration. 2.35 2.45 jontana Power, 5s A - Hd cycle. ee ewe cTinersig talk, 1itie| the form of the next sperion ce Geeks peg cet ace eae m _ PAS 45) Stocks was closely held in the hands| million or more, 2 small premium Now. York Cantval dob, éa 0% harm would be done. But many bus-| perity is still undetermined, we know | General Asphalt WyoKans. 4 [of professional interests sectt4,, that) above the quoted price being charged | Nortnern Pacific pr. lien 4s 85% fness men, bankers, investors @ and] iu advance with reasonable assurance | Ggneral Motors Western States tc fat ig | Tometic conditions were likely to con-| for a’l transactions under $100. Oregon Short Line, ref., 4s 1 government officials, are maging] that its area or mass wil’ be ap-| Gooarich Go vol. 50 32 | tinue as the dominating factor in.de|_ A new high record for Indian rupee| Pacific Gas and Biectric, 68 — 81s an 7 Wess ” - in le ve. imaginary cycle, It te Pane ae a a eile te Ite, Reo ene Cantal Mountain Producers -§.17.00 $17.12! several encouraging developments in| gold. from this country to” India. vis| 8544 somebody get up in meetips and do/ here may be a clue to its probable! Inspiration Copper Merritt ~~. $12 925 the domestic situation to ald them in| London, during the week. é 100% some plain talking, anu Ww. in crm, whether intense and brief, oF! international Hervester Glenrock O11 158 1-63' their operations. ‘These | jucluded| ‘The money-market continues easy| Union Pacitie tirst ath that we are ail sitting around a pow.| moderate and prolonged. Int. Mer. Marine pfa Salt Creek Prds. -—-- 20.25 ~ 21.00| 11Chpe crude oll pricest ep, invtone Peon eae tor Pinas eyo RUbba, THe 107% der keg, if we comtinue to cherish this} “Besides this principle of action} international Paper - Balt ‘Creek Cons. — 10.00 10.75 ter . ou 4 pricae;, “3 Fesump-|in tone, the ruling rate for funds ©n'U. 8. Rubber, 58 87% delusion of a fixed cycle. and reaction, there {s another feature} Invincible Oll —-.-- Prod. and Refrs 9.00 11.00, ma of div mtd oa Répdi ic. Steel} call being about 4 ai sek Plenty Utah Power and Light, 6s 91ig “Strictly speaking, there is no such | of the business cycle that can safely] Kelly Springfield Tire Maryine: iew> .: 5.00 5.50 ar thee, cont ca uate re A Lecirng ti peitirgne! Sin cen! is aceon defkeat ty 93 i Reeiern rintor oe - a ug thing as a business cyc’e,” continued | be applied in practical ways. Every! Kennecott Copper — Mutual Ol! 12:60) 18.46; 2" “FP eee Ab eane| Os bibs wed ey only | restinshouse * Blectric, Mr. Babson. “It is a serious blunder | business and every locality has it8| poutsville and Neehville eoowunteda ct 6224 62.50, t'Y 8nd a stiffening price tendency,|4% for the longer maturities. Some — to assume that there will be three | own particular place in the cycle. The Cities Service Com. Fenslarm --. 179.00 181,00 |!Rereased car loadings, particularly! thirty day loans are arranged at 414. ae HAS-UNCERTAI Mammoth Oil - 5187 52.12 ~ ve stems sor” EAR OPENS WITH A ] EFFECT ON DEMAND FOR GRAINS - ° 2. e ° 2 2 ' Mexican Petroleum years (or other fixed interval) of over-| bond market, for example, 1s usually | Miami Copper _. expansion and then three years of de-| far in the lead, declining or advanc-| sriadie States Oil pression, followed by another three|ing before other factors show a sriavale Steel years of over-expansion and another| change of trend. The stock farket| yfissour! Pacific three, yearg of depression. To nine} also has a pronounced lead. Tho not! New York Central a LIBERTY boxn:. $101.26 | people out of ten this is what the|so prompt as tho security markets.| x.y. N.H., and Hartford 22. 18%) rest ae 98.50 \0 o cycle seems to mean, a per-| building 1s somewhat in the van a8! Norfolk and Western Bei A fees ; : ceietpiicesion of booms and bumps, | compared with other lines of busi vas| Northecn tucinie yo onan eae aid i CHICAGO, Jan. 20.—Compared with| affecting great areas of the adversely each lasting same number of years.| activity. Near the other extreme is| Oklahoma Prod and Ref. 2% | Socovid “4 $98.12 6 {8 week ago wheat Ys ces Nera oem eer rrnes st eerateary mane ‘woitld There is absolutely nothing in this] retail trade, which is a laggard both| pacific Olt 46 Third 448 98.90 Rakai a. na navence owes “ bier be ihe taberat Minas Nadia idea, and any executive who at-}on the up-swings and the down-| pan American 35%] Fourth 4%s on44 } 1: Cor pew season. base ns thereon will] swings. comparing different sections : o 1%c gain with oats up ‘4c to %c with th export busjness only fitfull at basi ects Sarautanpriss for which| of the country, the manufacturing Te ie a eee : ; - | prices unchanged to 42@45c higher.|best and with competition from pass 7 ase z 5 } : cheat| the . southern i he {s responsible. The warning ap-| centers tend to lead, and ake regions 28 = Bank debits for the week ending January 8 totaled $11,-/At-one time scaring, saree want pegee eens a nda tnseette pied alan .to: bantbers, tnvesiors, “An fe es cee te materiais tend | Ray Consolidated Copper - 4 2 224,000,000, a record figure since the beginning of the serv-|Prce® made ‘a sharp upturn om. re-| Cplitiels, Togarding higher prices’ tor Trans anon fs to get it oat of your| tity of business with its dollar yalue, Ben ocaaa bust a | Crud ice in August, 1918, in spite of the fact that the week in-:mobol'zed but the majority of the| factors asa hitch in British debt tund- I head immediately that business fluc-} quantity advances or declines before} Royal Dutch B1% cluded Néw Year’s day, universally observed as:a legal HGli-'traders appeared to act with the view | ine eial Hoceteeee Pe ' tuates in three-year periods or any| value. Inva ‘store, the number of| sears Roebuck ~ 88% | tamiiton day. The, week's. debits exceeded those of the preceding hat twas problemaical whether war| i ee enters, The maaan ey te other fixed intervals. The real Uiay salen’ ager pe bt gine Besar) e Sinclair Con Oil 32% | cat Creek — week, which was also a five-day week, by $3,676,000,00, or [i isa Capper rural credit extension bill in ciple of the business movement is that | decline before the caa register read-| Southern Pacific 887% | Mule Creek ~ 115 about 49qper cont. The increase in New York City was $2,323,000,000 or 65/"" Roberts touching chances of peace |th® senate, however, helped somewhat of action and reaction. Namely, a/ ings (amount of sa‘es in dollats).' In} Southern Railway — sig Muddy iS | Per_cent, In Cleveland 90 per cent; in Cincinnati—72 per cent and in, St.| Von attracted much more notice |#* @ stimulus as a.buying side as the period of over-expansion tends to be|a construction industry, the number] standard O!l of N.J. jalt’ Creek = 1.25} Louls—83 per cent. | This large increase in debits is attributable chiefly to. °F ttlec adnan “heat | Week drew to a close, followed by an equivalent period of] of permits tends to decline before} studebaker Corporation | Rock 70| the heavy volume of end-of-year settlements. [REP R Sy OC Hr. SURICOE SOREL WHORE TT TSedughe. cin ‘Argentina, - together depression. And when I say ‘equlv-| their value in dollars. Tenijieseeis Copper, 4456, camer 70|* . As:compared ssith corresponding week in 1922 bank debits for tho week {¥aders, but the most prevalent opin:|__ Drought | in Argentina, : . king into account the] + co is | T Ce 48 ee! 3 under review show increase of $2,184 000,000 or 24 per cent.. Larger fig-|!on was that European countries were jomestic “receipts be 11) Seppbesaibeeraanad PUR ERO SERINR OF FON UEO ROE gS 8 | OER Oe ee ertuar tnd tg cL fare reported for all the ieading centers, except Baltimore! and: San|in no financial position for military |PU¥t firmness into prices of, corn and two factors, duration and intensity.|not-merely: to know this sequence—| Texas and Pacific — 20% | Grass Creek S10 : Cantioss on. ia large scale ‘and.: thane (OM rate business activity prolonged) which ts a fairly simple proposition— | Tobacco Products 81% | Torchlight - 1.70." “Debits to. individual, accounts were reported to the federal reserve boaré! armed hostilities of subordinate char-|_ Good sized export clearances tor several years 1s equivalent to ¢x-| hut also to know how fast the perloa | Transcontinental Of1 Manburet ~ 8070340 top Danica ty APL contersecof whieh 167, are, UnclOdied 1A the mummumey. by fed-| Senet Pomttien of Subordinate char. | ee inened the weoe atone treme activity of shorter duration. | of depression or over-expansion fs be-] Union Pacific Sik Basin ~ ---- 1,70 eral‘ reserve districts: ‘ curtailing power to buy. On the “To take the latest example, there} ing run off. For example, early in] United Retail Stores — 70 ireybull = 1,70} Debits to Individual Accounts Banks in’ Reporting Centers. other hand, dry weather adversely | the: compan: t rent: was a period of over-expansion cOV-| 1929 the stock market turned down.| U. 8. Iné Alcohol —_. Summary of Fé Reserve Districts | 2 Savidakitant’ at ne nt and the em- ating the years 1915-1919. This would] rhe. retailer who noticed this .re | Cnited’ States Rubber ‘ Week Set only temporary. tend to be balanced by @ compensat-| versal and attempted to estimatc| ‘United States’ Steel % aan dam 4, 122) mentioned. with industry busily en: zm Ing period of depression. But this] hen. the lghtning would strike hit i Copner . Live Stock 509,805) F800 Sponisyyatt negligibie, Wouprie tas pee: pen beirrans ae | compensation might take a varlety| own business would have been ai «| \Vestinghouse Electric y 4.06.81: ‘rade for the {het three to atx monthx| |An agreement) n reached Ki ef forms. If there ‘had been a prodig-| joss to set the date. But presently | Willys Overland -. j 427.6880! tie year epperent!y secure, build teovery bees They lement ‘of the con- fous and excessive crash in 1920, last-| when general business sank below | American Zinc, Lead and Sm. -15% 7 7 $01,810 Ine favored by. ralla weathor in wile] ‘rovery | betwen | western railroads ing only a year, this would have been! per and began to sweep out an area| Butte and@Superior —-__. 29% 0) Prices. 235,743 195 ,851 248,361 unpre :sientedly active, and pat of the Western Pacific sufficient compengation. It would] of depression, then the retailer was| Cala’ Petroleum -~—-_--.. cca Pa TON ge: 20.—(United States 241,746 208,405 the chief sul‘ects of the complaint | *stem. have offset four years of over-expan-| able to forecast. Knowing how much} Montana Power 66% te cA gmaniture)— Hoes oie «1,220,321 941,938 0 scarcity of cacs, coal or materials for decline in 1920 had] a, ; Shattuck Arizona . 7% B| Department of Agricul ] 332,435 256.388 wanutactures vre almost uniformly Future Looks sion Of, if the decline in 1920 had) depression was due and how fast it] 5 k PT nece'pts 6,000; market fairly active; 172.381 127,116 | pencae Dun's Heview saver ow 2 heen trifling dut dragged out for] was being worked off, and knowing| Great Northern Ore — aoa ee a eigenen Balkan to an SN pl atEe tevorable. Pret ys: ‘"Nothing has years to come, this also would be suf-| also his relative position in the cycle,| Chicago Northwestern Tee ivr averawed, SHTEGIST NO! few 60.8 aeenee 887, 160456{ “On the othr hond, w:ia punitive| deve abet to modify favorable tea- Felent compensation. What actually the retailer could estimate very close.} Consolidated Gas - 128% | 00 to 220-pound piverages’$8.6008.6 5e2 as € 5o9%637| military, meayu-es being enforced | tures tn Sadie eres, Situation ana ‘ happened was-a sharp decline, not}'y when his turn was coming. Maxwell Motors B - See a loasuak eBatakers, mosbe 167 11,228,963 9,089,989 oxu'rst “the. yierid's greatest debtor, | Certain additional “reasons, for ‘en- SN the worst imaginable. but still a se} wo \inustrate the real meaning of | “™merican Linseed Oil pista’ Pie ; packing sows general ports to Kansas City, Casper slipped to! the conferende with the representa. ee are present. ~ | Sere drop. ‘The period has already | ¢n¢ tusttete cine cent neening of Se eee: § ie itlenated. holdover 4.990:| twelfth’ position for the week, being passed by both Cheyenne ancj Puebio| ive of Brital i adjourned, prices of wis et soem ° . Con “! sR. : in the amount of business. handled. coiten and ths grains diversely af. usiness er All Lines. eae at tie Me est of che drop niowies in % ooenrest BL wee ele: saturday vee apes pete | Following. ts the total debits for the week in the various cities reporting| feted by was talk, forvion secur! Bradstreet’s says: “Iron and stee! city. Call prosperity electric power nedium welg! 3 S is! 65 tn this district: ' PS ni Aah 3 trades have ref}. x and the time that has elapsed. it i8|onq suppose that you are entitled to 9S $5; Nght Ught $8,60@8.85; packing Deblia to Individual Accounts by. Banks in Reporting Centers aarkets weak eds the nehanne Hite radiooted sare eager buy- plain that we have nearly paid the! 19.999 Kilowatt hours. If you run your ‘ sows smooth $7.25@7.60; packing| + Week Endl : pA aaah poh eeadl BY eae nd scrap ma- bill in full. outfit at 10 kilowatts you last 1,000 sows rought $7@7.30; killing p'gs $8@ dan 3, '2% Dec. 27°22) ya to forsten trade Upsettied be- entire ae. to higher prices, with “By itself, time is meaningless.) hours, If at 1,000 ki'owatts, you last 8.65, District No, 10—Kansas City (Jn thousands of dollars) | Send description and eurW@xport trade | iilvoads fatempbile manufacturers, ‘The question whether depression bas | ouiy 19, hours. Or you can compro: A Cattle—Recetpts 500; compared with| Atchison, Kans. --—--—---- SEO TT Itt | Sesioate the torelen sid wt. the ‘pic. | 21 Henk Ben. and: danplement suakere lasted a month or a decade, has nO} nice at 100 kilowatts and last 100 week ago, beef steers and butcher she| Bartlesville, =s' x x ry ene .to wax ©-entnust- 7 significance, whatsoever. By ise'f, intensity means nothing. The ques 2 aS 3.244) j hours. The word ‘business cycle’ is atock 1266 to| 780 tower; ‘medium’ $6 Seevanie Matas >| astle about. Will Renew Agreement. ‘ . “Weekly bank clearings really not the word to use. ‘Cycle’ i in | ood beef steers and medium heifers 36.185 | os¢- ang. Xs tion whether depression has been| frpiies time. It is area or- mass | eailroad eed Popular M7} showing ‘most declines: extreme top i 1186-187 Bituminous miners. are willing to @rastic or trivial has no significance.| Wnich is the important measurement Trading of Short Session matured beef steers $11.60. best tong| Fremont, 4 = eee ate renew the agreement for one or two However, when these two are com:| rere is no real need of either over in New York yearlings $11.25; ight kinds $11; can-| Grand Island, Neb. -. Ipe Line Runs. years which expire the first of: next bined, when you get the product of expansion or depression. We could ners and cutters 15c to 250 lovrer;| Grand Ju time and intensity, you are on 21 run along at a steady trend indefin.l NEW YORK, Jan. 20.—With a re-|tyulis 35c to 50c lower; veal calves| Guthrie, sound basis.. This—and this only—| itely, with cycles practically elimin- sumption of some of the rails which! mostly 50c higher;, stockers and feed- baptrpei ovis rae ek Is the true measure of depression and| 4+44’ ‘phe principle of action and re-|paraticipated in yesterday's rally, 4 ers strong to 15c h’gher; week's bulk | dependence, the real interpretation of the business | action is absolutely sound, but the|firmer tone prevailed at the opening| prices follow: Beef steers $8.15@8.25: cycle. \ popular conception of the cycle is|of today’s short session. R. P. Macy|stockers and feeders $6.50@7,80; “At the present. juncture, what|both unsound and dangerous. rally. BR. F. Macy Department Store [butcher she sae @6.75; canners| Lawrence, would be the result of sudden and was pushed up 2% polnts an and cutters $2.85@3.65; veal calves| McAlester, reckless inflation? This would mean] i dcueaty ne normal Be the on | nut established a new peak price on|$10.s0@11.25. Muskogee, = that instead of progressing in an! catieq ‘business cycle’ we are at a/® Small fractional gain. The usual! Sheep—Recalpts 2,000; run today| Oklahoma City,” Ok orderly way up from depression into] aq ti ‘The Babsonchart shows| /¢aders, United States Steel, Ba!dwin,/mostly direct; compared with week muigee, y, we Ww nla Leaeer cuasear? stad | baker and Pan-American opened |ago: at Iambs steady to 10c higher;| Qmaha, Neb. prosperity, we would be attempting | iis Very clearly, But this ts no rea, | Studebaker and Pan-Ame: op ago: at lam uly higher: | & short-cut. We would be trying to] ton why we must stay there or why | fractionally lower. clipped kinds showing most advance: | pi 1 Bi evade the tail-end of our quota of de-| {ho next movement wil, not be for the| _ Heaviness dropped out in some of |fed yearling wethers and feeders| Biaa {Lance Creele with a total valuation of $2,000, pression. There would be a setback] better or for the evorse. It all de.|th® Standard industrial issues soon|steady; fat sheep, weak to 50c lower; | 12,307 | Pilot Butte 110-110) follows: Canadian, 16 Re Fri 000 as which wou'd last until that quota! jonas upon how we act.—act towara| @fter the opening, early losses being |light weight ewes off most; week's top| Topeka, 3. ar! Lander 105 105 | type: Virg'nian 15, seaiinge i Parific co was completed. At the moment, there! °n¢ another and act toward the rest|lareerly lmited to fractions. Beech-|fat lambs $15 to packers; bulk desir-| Tulsa, 22.090| Lost Soldier 3,000 1,050 a ype; and al is no sign of such inflation. The| Or the world Pipeline runs for the week ended| April. 7\January.18 showed a decided slump _ - ~—2:952 |over figures of the previous week, Industrials off, Rails Up. - + 1,734 being @ue’ largely to the curtaiiment| The 4 ve ‘hay Of Production in the Salt Creole field.| trial stocks erein oF twenty indus | : traded in o} New 70170| The following table shows the daily | York stock exchange on Friday pled 176 average gross crude runs of al! fiolds| 97.85, a net losgeo P 958j!n Wyoming and Montana for the| price of twenty) raittsea See 5 | weeks ended January 13 and Janu-| 85.33, ‘oft .43. ca ary 6: —_—— § DISTRICTS 3 5 0 Salt Creek ete hey abe ia Abbe ona . 1,008 Big. rune 3400: aa80| The American Locomotiy#, company ‘ 740 '720| 288 Fecelyed orders for 36 locomotives ble wooled kinds $14.50@14.90; cl'p- fm When Greed is on-| Mut forfelted its early gain and de- nas in 9,730. Rock River © 5200 410g | 7M the Le H. & Bt. L,, tive, indications are that the remaining “|clined a point under last night’s|ped $12.35@12.90; summer shorn’ up! rass Creek _ 4,610 4,680 i throned we are headed for depres Seo fete Sugar Prices Reduced. All grades of refined eu, pt aie ong 10 paints to 6.70 thie tae L000 000 | S ®Y Arbuckle Brothers, 4 5 fragment of the allotted depression | fons close. Presned Steel Car also receded |to $13.25; choice fed yearling weth- 1 : Hamilton ‘Dome will be wiped out in due course; and |WO™ when service ta prope “i¢| point and Allied Chemical, Mfon-| ers heavier kinds $11.50@12.75; ; Elk Basin ~ with a clean slate we shall be ready! there was lees atk about “business |'&"&. Powder, American Linseed and|heayl fat ewes $506.50; lighter { t Cat Creek 22> for the next period of prosperity. cycles’ and more about ‘business | Studebaker were off % to nearly 1|yela@M@ts upward to $8; week's top enge _ LW aur next period of prosperity | gtnics’ t would-be’ better, for, alt: ot} Spint, Gains, of (a saint seoh pare | ah ns lambs: B14-76- ; Speruel gee noe “January Bales ‘Increske: pecutiarly difticult: After a big per. |" Stewart Speedometer while St. 1 Omaha Quotations. Union to Build. Pipeline. ket -{s firm and healthy but waiting | Sunburst 80 220] Sales ot Montgomery Ward & fod of over-expansion, a big action, it Preferred, General Cigar, Utah and| OMAHA, Neb., Jan, 20—(U. 8. De-| The Union Ofl company of Call-|for the American woolen openings on Miscellaneous — 475" Goo | Company, for January wil show ah ig practically certain that there will United States Rubber improved frac-| partment of Agriculture.)—Hogs re- fornia has! completed ite tenth well in |*ohday.” es increase of about four per cent over be a big period of depression, a big SUGAR tionally. Foreign exchange opened| ceipts 8.000; mostly 5@10c higher: i : : Wool quotations follow! Domestic, TOTAL -.0..... --87,491 112,650] YeAr ago when sales were $45,721, reaction. Knowing the action, you easier. bulk packing grades 7.00@7.25; bulk|th®, Maverick Springs field tn Fre-|wisconsin, Missourl and average New. —— 485, but they will atti! be slightly un- can forecast the reaction—but the iB - butcher hogs 8.00@8.15; top. 8.20. mont county and has closed down all|England. Half blood/48@0; % blood Slight Decrease in ‘Failures. Ger the sates of $8,912,071 in Banu. rule s hard to work both ways. To}, NEW YORE, Jan. 20-Sugar fu-) ww YORK, Jan. 20—The prine!-| Catt!o rece'pts 1255; compared with|fleld operations: for the winter. AlN|51@SSc: 3% blood 48@49c. ary 1921, illustrate, if you stretch a spring a certain amount you can forecast ap- proximately what will be the rebound. But you can't so easily foretell how tures closed easy; approximate sales 7,000. The market for refined was easy and prices were 10 points lower ; ’ Bradstreet’s reports "5 'pal development during the short ses-’ week ago: beet grades, beet steers, |the walls, drilled shave besn good pro-| Scoured basis’ Texas ‘tine 12| cial fatures in ihe, Wonced ee: sion of today was the wenkness in glendy: others 250 lower: she stock ducers and the company officials are|monthe |$1.25@1.40; "fine, 8 months,| during the past eer cornet Brent the oils, marked strength {1 25@850 lower; bologna. bull to| well pleancd with the results obtained,|$1.20@1.28; fine fall $1.18@1.20. | “ > to the basis of 6.70 for fine granul-|tre s cectn aie eye cy: ey bbe babdhiciepri by eater, |ing the previous week and 646 during merchandising shares ousted on 260 lower; beef bulls 25@40c lower; |This field ‘Has no pipel'ne outlet to| California — Northern $1.30@ 1.35. the same period a year far the spring will be stretched the | /ate¢. “i the stock exchange. A three-polnt)canners and cutters steady; veals|market and it {s expected that .the|middle county #1,15@1.20; . southern| aa year ago. next time. Hence, periods of pros |gain was made by R. H. Macy. strong to 50c higher; stockers and|company will build @ line to/the rail,/95¢@$1. A Export Tax Leyied. perity or ection are far more diffi- ‘Weakness developed in Pan-Amert-| feeders ‘steady; bulk fed steers 7.50@ |road at Riverton during ‘the coming Oregon—Eastern No. 1 staple $1.35 ‘a cult to forecast than periods of de- Butter and Eggs can issues on announcement of a new) 9.00; week's top 10.25; top feeders|summer. It.ts reported that the mat-|@1.40; fine and fine medium comb’ pression or reaction. liesue of 7 per cent preferred stock’ 9.05. tér is now being considered by direc-|$1.25@1:80. \eastérn clothing $1.20 “However, we know that there ts and an tncrease tn the common, the, Sheep receipts none; compared with |tors of the company in California and 1.30; valley No. 1 $1.20@1.25. pe 2 anaes “tobe Rs ————.| CHICAGO, Jan. 20.—Butter higher: 'A” dropping 2% and the B 2. Little week ago: light lambs steady; others it !s expected that an announcement Territory. creamery extras 60%4c; standards 49c: speculative {nterest was apparent in| and yearlings 25@500 higher; sheep/ will sobn be made to that effect. Fine . staple cholce, .$1.42@1.45; %) WAN loxtra firsts 48@49c. firsts 46@47c: the usual, lead quoting prices of steady to 250 lower; feeders 25@400 blood combing $1.25@1.80; % blooa| Reeelver Appointed for Daniels Nea Mahi he UNDERREAMER | Eggs lower; receipts 6,624 cases; which were a shade lower: \ | bisher. Wool Market Shows Strength. combin 95e@1.05;%{ blood combing Motors. AT. YOUI <3 i =~ |Crsts 34@34%c; ordinary firsts 30@| A few isgues were conspicudusly | — BOSTON, Jan. 20.—The Commercial 90c@$1. | Receivers in-equity have been ap. > : 82c; miscellaneous 38@34c. weak, notably pressed steel car, off LIVESTOCK MART Bulletin says: Pulled: |Polnted for the Daniels Motor com- SUPPLY STOR oo 4%, the preferred two and marine! Denver Prices. “The strength of the wool market). Delain $1.4001.88; AA $1,20@1.30; Dany of Reading, Pa, in friendly preferred, California Petroleum, Mack| DENVER, Colo., Jan. 20.—Cattle—|has been growing steadily since the|A supers $1%15@1.20. | Proceedings instituted by credito: SILVER Truck and American tobacco 1 to 1%./Rece!pts 827; market steady; , beef first of the year and prices have! Mohair: and stockholders. The petition alleges | |The closing was irregular. Sales-ap- steers $4.50@8.50. cows and heifers\shown a further strengthening th’s| Best combing 78@83c; best carding Jabilities are more than $840,000 but ~ prox!mated 800,000 shares $3.80@8.26; calves $3.50@8.75, lweek, while not pronounced and not |70@75c. | patmenemeamremseeranmaeen eae 3 5 AE PORT aa . = : m eee Hogs — Receipts 172; market/applied to all grades equally, bas) jurveying sud Locations AT YOUR | jae eee Tae pentagon iil! Bank Reserves Up. steady to bc higher; top $8.20; bulk|been evident. Nevetheless, the. de. ‘Trade Situation Varies |] Kevin-Sunburst Oil Field Geologists Oil Experts SUPPLY STO B | ec bY) cuenta ys | NEW YORK, Jan. 20.—The actual | $8.10@8.20. mand seems to have favored the| NEW YORK, Jan. 20.—Bradstreet’s Have 200 acres, section 12 and Oil Field Maps, Blue Prints 18, Township .35, Ranga 2 West: WYOMING MAP AND condition of clearing house banks and Bheep — Receipt $9.16; ‘et | Ti and the coarser wools, with only| 64 Ol Teases, reat ; pts $9.16; market |finer ‘ iy nol cowuatn, ore oman at trust companies for the week shows steady; lambs $12,50@18.75; ewes $i@|moderate trading jn medium grades. ©, Price and industrial situa- ebhag \ . 300 wanted. Call or welte ‘us. Teapot | that they hod $17,196,440 in excess ¢.16, feeder lambs $12@18.50. | Manufacturers. evidently. have -been|tion varies greatly, accordingly as | just int oe nie le Flowing well BLUE PRINT CO, Dev at Co., 218 Midwest Bidg.,| of Tema! requirements. ‘This is an in: pea disso cn te Heat ‘anticipating the'r heavyweight ses-/dcmeatio. or foreign happenings or | Barth, Great Full sien P. O. Box 325 Casper, Wyo. 1-B-tf crease of $12,042,200, | Mat me at the Smoke House, tfsion requiremedts, ‘The goods mar! ccncitions are +n: nik dered. ‘Che. tirst Room 10, Daly Bldg.