Casper Daily Tribune Newspaper, January 27, 1923, Page 4

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: PAGE FOUR. Oil STOCK TRADING GRAIN TRADING IS IRREGULAR Depreciation of Foreign Ex- change Features Short Ses- sion Saturday. NEW YORK, J: interest in today's t Stock market sess! further depreciation ed in the foreign ex- ot changes and buying demonstrations in obscure shares’ whose fluctuations ordinar inf eral trend. Heav! cropped of the standard shares, Baldwin, Union ific, Bethlehem Steel and some of the foreign olls. Baltimore and Ohio enjoyed a bri New York Stocks Oil Securities _ Peco ty rr at. | | Aled Chemical & Dye -.. - 1 Sieacae oem OIL STOCKS Me Ser are Jananansnnan 8 32 3 -----37% B mE, Ee az 4 Bostom Wyoming --- 1.00 1.15 Buck Crete as aT. 19 eis Sa, MEK Ynconeiescensenw. 358 81 Closing on Chirago Exchange ‘Kidetican Bisoketcis Salt Creek .21, 23 Is Heavy at Lower Aitarioan, Black Seencencoe fl 0 f Chap; SE RERE Ra 41 Prices. American i 7 chee Columbine "Zsa 30 18 CHICAGO, Jan. 27.—With offerings | American irae seriall ob rather free and but lmited) demand, |} American ow Gulen .2_...--- = ring the wheat market had a downward| American Tobacco ~...-...--. 151%| Domino cone, tendency today during the early deal-| Amercan Woolen Elkhorn ...-.-..-.... ings. Rain and snow In the winter} Anaconda Copper BE. T. Williams crop territory counted as a bearish] Atchison ex diy. Kinney Coastal nfluence. There were also predictions current that world shipmenst for the week would show a large total. The Atl, Gulf and West Indies - Compass | Baldwin Locomotive Baltimore and Ohio Agures to %c lower, with May $1.16% | Bethlehem Steel “B” _ 62% co Creek Royalty. opening which varied from unchanged) Canadian Pacific 142% | Mice Henry pasado’ to $1.16%, and July $1.11 to $1.11%.] Central Leather - 34% | Mountain & Guit was followed by a moderate general sag and then something of a reaction. A transient upturn which ensued was based more or less on reports that Argentine producers were show- ing unwillingness to sell wheat and Chandler Motors Chesapeake and Ohio — Chicago, Mil. and St. Paul . Chicago, R. I. and Pac. Chino Copper -_-- Colorado Fuel and Iron 25% | Royalty & 25% B|Tom Bell mMoyalty Western Exploration_ period of strength on publication of the December earnings statement showing an in se of nearly $3,- 500,000 in 1 operating income St. Paul preferred moved to higher ground. Royal Dutch, Genera Asphalt and Republic Steel preferred sold off 1 to 2 points. The closing was irregular. Sales approxim 350,000 shares. NEW YORK prices in to irregular with a resu taking in some of the pub! and specialties and fresh bu: the independent steels. Kresge was pushed up 1% to 210, a new high record, on publication of favorable earnings statements. orm Products and Royal point. Steels tmproved frac Marine preferrea dropped 1% poin to 38, a new low record since 1921 Royal Dutch extended its loss to two points and Willys-Overand preferred dropped one. There was a fair do mand for some of the dividend pay ing rails, Lackawanna, New York Central, Norfolk and Wehtern and Chicago and Northwestern gaining % to 1 point. Advances of 1 to 1% points were recorded by Columbia Gas, Crucible Steel, Savage Arms and Spicer Manufacturing. American Can Chandler Motor, Unitea Frult, Amer. ! fcan Smelting and Standard Oil of California also moved to higher ground. Foreign exchanges were easy. The German mark feil to .0037 er approximately 27,000 to the Amer fcan dollar. Foreign Exchange | NEW YORK, Jan. 27.—Foreign ex changes easy. Quotatfons in cents: Great Britain demand 4.64 5-16 cables yis.64 9-16, 60 day bills on banks ? 4.62 5-16; France demand 6.29, cables 6.80; Italy demand 4.77, cables 4.77%; Belgium demand 5.65%, cables 5.66; Germany demand .0085, cables. .0036 Holland demand 29.46, cables 39.50; Norway demand 18.70; Sweden de mand 26.70; Denmark demand 19.3 Switzerland demand 18.65; Spain de- mand 15.60; Greece demand 1.25; “ Poland demand .934; Czecho-Slovakia z emand 2.88; Argentine demand 37.12; 2 Brazil demand 11.50; 3 vere NEW YORK, Jan. 27.—Sugar closea easy; approximate sales 14,000 tons. "The market for refined was caster and prices were unchanged to 20 points lower: with all refiners now listing at $6.50 for fine granulated. ph ine arab ci SILVER | NEW YORE, Jan. 27.—Foreign bar a@ilver 66; Mexican dollars 50%. —-- Butter and Eggs CHICAGO, Jan. 27.—Butter higher; creamery extras 48%4c; standards 48¢; extra firsts 47@48c; firsts 45% @46%c; seconds 44 to 4 Eges lower; receipts 12,679 cases; firsts 83%c; ordinary firsts 30@31c: miscellaneous 32@33c. CHICAGO, Jan. to tho lowest price since the first week in December, the wheat market this week has shown power aided action on ying committee's | port| up Pon ¢ Piling on value ago, wheat t S,0 to 144c down, corn va Ye decline to Ko ga’ to %o up and pr varying from a setback of 2 ts to 10 cents advance. ¥; UNDERREAMERS AT. YOUR} JPPLY. “STORE AG RIbat EUROPEAN GREDIT PLAN CHECKS SLUMP, PRICES OF GRAINS RALLY|42dea Attraction 27.—After falling | together with talk current that Rus-| that ruling prices in Argentina were| Gorn Products . 128% deemed unsatisfactory in view of the| Crucible Steel 73% deficient yield. The close was heavy, 11% %4 to %c net lower, with May $1.16% | Famous Players Lasky 84% to $1.16%, and July $1.11%. General Asphalt — 44% Corn and cats declined with wheat.| General Electric 188. | srountain Producers. -§ 16.78 $ 16.87 After opening unchanged to %c| General Motors — 14% | Merritt. —-_- 9:00 912 lower, May 72%c, the corn market] Goodrich Co. _-- 36 | Genrock OF bp 175 underwent a setback all around. Great Northern pfd. 78% | gelt Creek Pras. 80.50) 30.63 Subsequently, the market was! ninoje Central __ 111% | gait Creek Cons, - 16.5% aoe steadied somewhat owing to advices! Inspiration Copper = 8641 Droa.-ana Rete, $:00° 'sar00 that the Argentine corn crop had been | International Harvester 2 86% | aeactna ew tC 5.00 Bit usly damaged by drought. The| ynt, Mer. Marine pfc. - 39%} Mutual ___ 12.50 12.62 Sine, aaa! “aie ike *ac net de-| International Paper -. - 50%] 5. O Indiana 61.25 61.50 ne, id be Invincible Of] -.. 16 1ct vic ‘ 73. 180.00 Oats started unchanged to %o off.| Kelly Springfield Tire 40g | Seregee ee cen. Sa pee eiergs Mas 449ic. Later all deliveries were] jconnecott Copper -_- 384K shoncaatk: : neha skies jown a li ' a t Prospects of continued tberal re-| Mesteun’ Petroloam we msacae 280] NON TOK ON --—---— 16.00 18.09 ceipts of hogs weakened the pro-| seiami Copper _-- > ory saan es NinOn Oaeee Middle States O11 - --- 1% 98.70 Midvale Steel —- - 28% 98.06 Missouri Pacitic - 16% $3.52 New York Central - 3%] Second 4% 98.12 Live Stock N. Y. N. H. and Hartford ---- 20 | phira 4% - 98.86 Norfolk and Western - 112 | Fourth 4% 98.48 Northern Pacific -~..-. 74% | victory 4%8 ----- - 100.20 OkahomaP réo and@ Ret. 238 Facific Oil -.---------. 438% = Chicago Prices. Pan American Petroleum — 87% *¢ i CHICAGO Jan. 27—(U. S. Depart-} pennsylvania .- 46% Crude Market ! ment of Agriculture.—Hogs receipts| people's Gas 92% 5,000; holdover 10,881; light hogs 10] pure ofl - 27% to 15c higher; butchers steady, few] Ray Consolidated Copper --.-. 13% Hamilton carly sales higher; bulk 160 to 200] Reading --- =. 99% lcoes create pound averages 8.80@8.35; top 8.50: Rep, Tron and Bteel = 48% | seule, creck. bulk 250 to 300 pound butchers Royal Dutch N. Y. - 50% | ie suday 8.00; weighty packing sows 6.75@} Sears Roebuck - S64) gait Creek pigs around 8.00; esti-| Sinclair Con Oil 32% | Rock mated holdover 4,000; bulk of sales} Southern Pacific 89% | Oeage 7.85@8.30; top 8.50; heavy weight| Southern Rallway — 20° | ranes Créeck hogs 7.85@8.05;. medium 7.95@8.35;| Standard Otl of N. J. 40 | Grase:"Greek light 8.25@8.50; Ught Nght 8.25@850;| Studebaker Corporation — 115% | rorehlight packing sows smooth 6.90@7.20; pack-| Tennessee Copper - 11% | sunburet. ¢ ing sows. rough 6.75@7.00; killing] Texas Co. --. 48 | Eik Basin — pigs 7.75@8.25. Texas an¢ Pacific — 21% | Greybull Cattle receipts 600; compared with | Tobacco Products -. 81% week ago: beef steers, bul!s. stockers| Tranacontinenal Ol! - u and feeders steady; butcher she stock | Union Pacific ---- 137% 25@40c higher; better grade heifers} United Retail Stores - ra showing most advance; canners and| U. 8. Ind. Alcohol - 64 cutters steady to. strong; veal calves| United States Rubber 59%, 106% 25 to 50c higher; extreme top ma-| United States Steel ee tured steers 11.50; best long yearlings | Utah Copper ---- 10.75;- week's bulk prices follow: Westinghouse Electric Beef steers 8.35@9.85; stockers and} Willys Overland ~~ foeders 6.50@7.75; butcher she stock | American Zinc, Lead and Sm. 4.65@6.75; canners and cutters 2.85@| Butte and Superior 3.65; veal calves 11.00@11.75 Calt Petroleum - Sheep receipts 2,000; run practical-| Montana Power ly all direct; compared with week ago:| Shattuck Arizona - fat wooled lambs steady to weak; | Great Northern Ore - clipped kind 10 to 15c lower; fed year-| Chicago Northwestern ling wethers 250 lower; sheep fully| Maxwell oMtors “B' steady; feeding and shearing lambs | Consolidated Gas --- 35 to 40c higher; week's extreme fat | American Lenseed Oll lamb top 15.50; closing top 15.00 to} —————————COTCFTO™” packers; closing bulk fat wooled|and veals 25@50c lower; bulk lambs 14.25@14.75; shorn description | bolognas $4.00@4.25; beef bulls off 12.25@12.90 mostly; good to choice $7| most; stockers and feeders steady to pound yearlings 12.25; heavy fat ewes | strong; week's top 38. 5.50@6.50 mostly; Nghter welght kind| Sheep—Recelpts 500; POURING INTO AUHA DISTRICT (Continued from Page One) occupled Germany, held by American troops s’nce the establishment of the allied watch on the Rhine was turned over to the French at noon today. Maj. Gen. Henry T. Allen, com- mander in chief of the American forces in Germany, and Gen. Marty of the French army, were the two mili- tary officers involved in the transfer. This final ceremony was of the sim- compared with up t 7.65; desirable 0 to 70 pound |,week ago: lambs and yearlings mos*- ms » bre feeding and shearing lambs 15.00@ ly 25¢ lower; sheep strong to 25c Bee eet a cingle. reach precieel 25. + "8 50@T5c higher. yan. ya of where the ‘American commander and his full staff received them. Prompt- ly at noon Gen. Allen turned over the area so long under the control of his forces to the French commander. ‘The formal transfer of © authority took but a few moments. It was ac: Omaha Quotations. OMAHA, Neb., Jan. 27.—(U. 8. De- partment of Agriculture.}—Hogs—Re- ceipts 4,500; mostly £@10c higher; bulk packing grades $7.00; bulk 190 to dad pound butchers $7.85@7.90; top 7.95. POTATOES CHICAGO, Jan. 27.—Potatoes firm; receipts 59 cars; total United States 2 2 area shipments 652; Wisconsin sacked|companied with brief expressions of eakchect neat tian aah ane pak round whites 85@9%5c cwt.; few atlregret at the departure of the Amer- montly 25¢ lower; bulk fed steers | %0¢ wt; ditto bulk 85c@$1.00 cwt.; |icans, posal tet 3 week's top steers $10.35; | Montana sacked Russets $1.10 cwt.;! The assumption of control by t ° bulk cows $4.00@| Colorado sacked Russets $1.10 cwt.:/French, it is stated, will be followec $5.25@6.50: cannera| Idaho sacked Russets $1.20@1.25 cwt.;/tmmediate'y by the application of the @3.00; cutters $3.26@3.76; bulla| “tte branded $1.40@1.55 cwt. [same disc: y measures that the epee rst French re been imposing upon. the |Pruasian civil author:ties elsewhere in Cotton. NEW YORK, Jan quiet; middling 33.40. 80. ‘ihe Rhineland. This policy heretofore {has not.been extended to the Coblenz jarea under the Americans and any in- |volvement of Gen. Allen with the {eras officials in this connection, as been avoided. "| "PARIS, Jan. S7.~i) the name o At Wyoming Today\at Little Entente, Czecho-Slovakia is At the extreme low point reached , Fe labout to offer mediatio: between by the wheat market, prices showed |France and Germany in settlement of| moro than 11 cents a bushel drop| The Wyoming theatre has for itsithe reparation question, according to, from recent top figures. With export] bill today not only a tromendous!yjthe newspaper Pravada, says tho Ma- |business meager and with further! thrilling photoplay “Outside the Law’ ltin today. ‘The dispatch, which com e -Spot cotten | shrinkage of European buying power| With Priscilla Dean and Lon Chaney |trom Belgrade, adds that the Czecho- in prospect as a result of the strife|in the leading roles, but it has also/siovakian minister to Germany has & on between Germany and] obtained a special added attraction, just arrived in that city in conne and because of other E ro- | * The Ragtime Trio,” @ group of en- {tlon, with the plan. pe dissensions, the wheat market) tertainers who are artists in the way | = was under heavy selling pressure be-!of singing, dancing, and monologue | ractions began. Rainy weather|The show thus made up gives a. bill] he domestic winter wheat terri-| of good measure that is sure to be a counted as a further bearish in-|drawing card. | Sore ceo os eT LAAN QUITS pT FOR EDERAL JOB low compared with other commoéeties | CHEYENNE, Wyo., Jan. 27—(Spe-| Oletal to the Tribune)—Miss Genevra Brock of Buffalo Friday resigned the \ would be out of the export busi-| s for at least a generation were! c buting factors in pelping thes market recover domewhat from the weakness which was being vadite Subsequent changes in prices Sing largely on varying opinions as whether the proposed foreign credit legislation re oe oth to. snact ney office of state Mbrarian, A successor : es otherwise for Ger| wit be named later by Governor ‘ pay for food:) Ross. Miss Brock will enter federal were steadied by the|"MPleyment. 1 So oe rok rt that the number! oi] tenes, reat estate, owners of a eee ae tly exceeded) teapot townsite. Kepresentatires “s wanted. Call or write us, ‘Teapot decline in most of the! Development Co., 218 Midwest Ride. Casper, Wyo. Site 4 eee oe Stocks -:- Grains -:- STOCK TREND HIGHER DURING being based on reports of large cur- ‘PEST OF THE STORM COUNTRY’ A MERMAID COMEDY with LOUISE FAZENDA Che Casper Dally Cribune during the week, that being No. 2 on tract K, sabe 20-89- oe 78. This well was drilled in at 2,700 feet and is estimated at| U. K. or G. B. & 1. Sis, increase the| U- Ss. Am one n enn nn aan on this tract | American ‘Telephon and Telegreph Col tr., 6s — Armour and ‘een ere and Ohio cv., 448 ---—--——----———-- 10 barrels. The well will be shot in order ie output. The company has drilled in other wells which were small producers which is supposed to be caused by the faulted conditions in that] No. 1 Baker, section 4-5-2¥V, clean- vicinity and was therefore not a great | ing ous at 1,698 feet. disappointment when it came in with] wo, 1 gauby, section 12-84-20¥, run such small production. ning 65-inch casing at 1,170 feet. ‘The discovery well in Hidden Dome/ No, 1 Emmert, section 15-35-21, which has been producing gas for | ariliing at 1,320 fest. some time at 1,000 feet has been deep: Rock River. ened to 1,485 fect and a flow of 85,- 00,000 cubfo feet has been developed. This is the third gas sand found by the company in this field and is the heaviest producer. The output has been turned into the pipeline of the Midwest-Wyoming Gas company and ‘® now supplying the refineries with fuel at Greybull. The well !s located on section 31-48 90. Two wells are near completion in the Rock Creek fleld and while neither one has been drilled in both are mak- mg oll. Dixon No. 7 on section 32-20- 78 in swabbing 70 barrels a day from 3,448 feet and No. 6 on stato section 34-28-78 was “swabbing about 140 barrels daily but some tools were Cropped in the hole and a fishing job {s now in order at 8,175 feet. No completions were reported from No. 2 University, reaming at 3,590 feet. No. 2 Trapshooter, section 34-20 drilling at 3,335 feet. No. 7 Harrison-Cooper, section 2-19- 78, cemented 15%-inch at 626 feet. No, 1 Harrison Cooper, section 3-19- 78, drilling at 2,810 feet. Lance Creek. No. 4 Lamb, section 5: rigged. No. 8 Converse, section 32-36-65, crooked hole at 325 feet. Salt section 2 0-78, section 20-39-78, No. 2 Tract “ET” Grilling at 2,728 feet. Buffalo Basin. No. 1, section 3-47-100, casing at 1,530 feet. Oregon testing Basin. No. 1, section $-51-100, drflling at Montana. although Berg No. 2 on sec-| 345 feet. tion 6-82-1W 1s drilling against a Hidden Dome. strong gas pressure at 1,615 feet. It} No. 1 Brome, section 31-48-90, get- is expected that of] will be found In the Ellis sand which should be picked up within the next 50 feet. Other operations of the company stand as follows: Kevin-Sunburst. No. 1 Holloway, section 34-36-2W, fifishing for tools at 1,380 feet. ting ready to resume drilling at 1,447 feet. Baxter Basin. No. 1 Union Pacific, section 21-16- 100, cemented 3,350 feet. Mercer Dome. No. 1 Brophy, section 83-15-95, drill- ing at 1,350 feet. 37 a NEW YORK, Jan. 27.— Stock prices, particularly railroad issues; moved to higher ground in thir week's market but bond prices cont'qued re: actionary under the depressing in- fluence of renewed weakness in the French and Belgian Mens and the ompetition of a large volume of new offerings. Movements in the stock indicated that ments of the week was in Fisher Body stock, which broke from 203 to 162.on announcement of a prospective $20, 900,000 six per cent debenture bond offering and an issue of 100,000 shares of common stock at $25 a share, The stock rallied to 172, the same day and advanced later in the week to 186 on announcement of the offer of W. C. market domestic con- | Durant, automobile manufacturer who | Widow.” Mr. Wall himself will take Utions were the dominant factor in| has been selling the old stock on | one of the leading comedy roles in he determination of quoted values | part'al payment plan. to purchase the | “his bill. but. that the European situation was causing a curtailment of business and an absence of public participation making it essentially a “traders market.” The sudden burst of activity in ‘ailroad shares was inspired by the exeellent showing made by the roads n thelr December earning statements, the first of which have just been pub- shed and the continuance of a record volume of car loadings, which totalled 873,2'1 cars for the week ending Jan- uary 18, This total exceeded that of every high week in January or February and was only exceeded by one week in March—that of March 15, 1920. Southern Railway was one of the most active issues, touching 20% as against the year’s low of 24%, buying entire outstanding stock at $200 a share. Another interesting movement took place during the week In the new stock of the Consolidated Gas com- pany, which advanced from 62% to 6844 on Thursday on announcement that the stock had been placed on « $5, annual dividend basis. Other pub- llc utilities improved in sympathy. Short interests made a few in. effectual attempts to unsettle the mar. ket using the unfavorable foreign hews as a basis and they succecded in forcing recessions in a number of active shares but they were unable to break them through the previcus low levels. This is interpreted by some market observers as an in: tion of the sgrength of the markst's technical position, and by others ar merely disclosing a “twatchful wait. ing” attitude on the part of large tacular move-_traders__Report_that_brokers_loane rent earnings. One of the most spectacular move- 4 ne w' IOFLOVE Costarrmg ELAINE HAMMERSTEIN and CONWAY TEARLE The Taeal Ploy Eclerlarment:Elgance Teil Qonence YOUR LAST CHANCE —The thrilling airplane crash. —The terrific railroad wreck. —The modern society revels SEE which rival in splendor the pleasures of the ancients, HURD COMEDY TRAVELAUGHS THE NETTO ORCHESTRA RIALTO—TODAY TO Livestock - Bethlehem Steel p. m., 51 Westinghouse Electric, 78 -----—--... were now around $1,800,000,000 was construed as showing that pools were still well loaded up with stocks. Rubber shares enjoyed a period of strength on another increase in the price of crude rubber, bringing it to Standara Oil company of California to increase ite dividend rate and the over-production of California crude shares in the middle of the week but ey recovered dealings. Next Iris Bill Starting Sunday at the Iris theatre, Lawrence P. own nusical comedy production known as “The Fascinating Widow.” oe played in form, under the title of “The Flirting The part of the flirting widow wi'l SE nInIEEEIESEEEEEEeEEeeee SATURDAY, JANUARY 27, 1923. - All Markets 8s —__-_--—-—_— < Norway, :. ia K. of G. B.& erican Sugar, Co., 4%8 hem Steel (ae lie enna RE PETE SE Pacific deb. Canadian Chi. Mil. & St. Paul cv. 44s 1981 94: Grand Trunk Rig of Can. fa) peti are ye ot Cane 8 reat jorthern, 78 Great Northern, 5 1-35 B Mo. Kan. and Texas new, adp., 68 A Missouri Pacific a ral 4s | 2fontana Power, New York Central, deb., 68 Northern Pacific pr, lien, 49 -——- A be played by Miss Deborah Deming. Miss Loretta Kidd has a dainty part in that of Josephine Tippley. Ted Chase as Jack Gillespie the drunkard, Dan Malumby as the seaside barten. der, and Lawrence P. Wall as Ignatz, the owner of the Seaside hotel will be other important members of the cast, There will be specialties by Deming and Haniey, Chase and Kidd, the five Deritas, Dorothy and Phillis, Dan Malumby, and Miss Beaula Bryan. The photoplay will feature Dustin Farnum in “Three Who Paid. cents @ pound. Failure of the cause some selling of the oil somewhat in later To Be Tabloid UNDERREAMER Of Rare Humor » Wall will present his version of Julian Bitijge's big AT “YOUR SUPPLY . STORE This will a tabloid condensed 4 DAYS STARTING TOMORROW A fighting romance of the great Southwest by the most virile of Amer- fcan novelists. Some- thing to thrill and think about. Marjorie Duw and Forrest Stanley head the all-star cast. Cosmopolitan Productions ¢presents By Peter B. Kyne Directed by Frank Borzage Scenario by Grant Carpenter and John Lynch DO YOU PAY RENT? MILLS CONSTRUCTION COMPANY Watch the Tribune Tomorow —s

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