Casper Daily Tribune Newspaper, February 7, 1923, Page 9

WEDNESDAY, FEBRUARY 7, 1923 Oil -:- Finance - STOCKSRALLY GRAINS HIGHER Early Demand Weak but Up- ward Trend Follows Slump in Industrials. Selling Restricted on Rep Allies. NEW YORK, Feb. 7.- special buying movements in vidual shares ultimately tyrned the course of prices upward In today’s stock market after an interval of heaviness in the morning which was the result of extensive profit taking in some of the popular issues. Sales approximated 1,200,000 shares. CHICAGO, Feb. an upturn in tho value of wheat the impetus coming from’ renew: ‘varlike moves by the Turks. ed in a moderate amount of puri and shorts. A decline in Live NEW YORK, Feb. 7.—Prices dis- played a firm tone at the opening of today’s stock market. A good de- mand was’ noted for the oil, steel, and rafiroad shares, North Ameri can advance: 1% to a new high lev- el for the year and Central Leather preferred was pushed up 1%. Con- solidated Cigar opened 1% higher. Motor, copper, shipping, leather and farm implement company shares were bought at slightly higher prices. Indications of profit-taking appeared in some of the usual market leaders such as United States Steel, Baldwin and Studebaker but the recessions were held to fractions. Rails moved within narrow limits, the early lead- ers being Chicago Northwestern, Ca- nadian Pacific, Great Northern pre- ferred ané New Orleans Texas and Mexico, up % to %. Federal Mining and Smelting preferred, Allis Chalm- ers, Allied Chemical and Internation al Harvester each advanced at least a point. Foreign exchanges were in- clined to ease on fhe disappointing overnight news from Lausanne, de- mand sterling dropping % off a cent to $4.67%, French francs 13%4. points to 6.26% cents and lire 2% points to nts. “sResuction of the short interest by the recent spirited advance left the market in a weakened technical post- tion with the result that ees, sound, of poor quality when they be- ene take profits oon after the opening. Liquidation of a number of popular shares including Corn Prod: ‘ucts, Studebaker, American Can, Gen- eral Asphalt, Famous Players and ‘American Woolen made recessions of ‘one, to two points under yesterday's final figures. Heaviness, however, was not general, many railroad shares and cpecialties rising briskly with California Petroleum of the more ac- tive shares showing conspicuous and July 1.13% to 1.138%, was lowed by a rise all around to above yesterday's finish. Later the developments in the East had a tendency to restrict further, September touching a high price recogd for the $1.11%. ‘The close was firm, 1 to net higher, $1.20% and July $1.14% to $1.14 Persistent buying in small to oats as well. After opening % lower, with May 74% to 74%, scored slight general gains. a new high price record for the bushel. gentine corn crop was reported. close was strong, 1% to 1%c her, May 75% to 76c. vance, May 44% to 44% and Provisions were weak in line the hog market. Cash Grains. CHICAGO, Feb. ‘hard $1.18@1.19%. yellow 73% @73%c. white 42% @43%6c. Rye— 2, 87% @87 6c. Barley—56% @ 64c. Timothy seed—$6.00@ 6.50. Clover seed—$13.50@20.5 Pork—Nominal. Lard—$11.20. Ribs—$10.25@11.25. International Sraterted. ‘American Cotton Oli pre: ferred. Call money opened at 4% ‘T4Yy 78 14% \t. 17455788574 Koc Me 16% 14% PShepresentativa Sodustrisl shares H% 516% 74% rd in the afternoon w : patty facility as they had downward aoe ity 44% in the morning, Baldwin, Studebaker, aber Pan-American, American Can, Beth- 42 42 Jehem Steel “B" and United States Rac awiel ates Rubber establishing advances of a ah TTAB, 12.88 point’ or more. Absorption of the 1. e gars, coppers and public utility sneer waa also on a large scale. 10.90 40.90 r improved six 10.97 10.97 in Express inter International Harvester 5%, ‘Ann Arbor 4, Cuba Can Sugar pre- ferred 3%, Louisville and Nashville 3, Lehigh Valley moved up strongly after the publication of the segresa- jan. enh deine was firm; bullish oper: ations were continued !n a number of special shares in the late dealings, Eastm=n Kodak gaining five points put profit taking was resumed in some of the standard shares and caused material recessions, Lehigh Valley falling back 2% points from its early high. Butter and Eggs creamery extras 4814; 4444@45%4C; seconds 42@43t4c. Eggs unchanged; receipts cases, POTATOES ——-————_ Foreign Exchange NEW YORK, Feb. Jee be! change frregular; quotations in cen Great Britain demand 4.67%; cables 4.67%; 60 day bills on banks 4.65%. Franoe demand 6.25; cables 6.26; Italy demand 4.84; cables 4.84%; Belgium demand 5.51; cables 5.51 Germany demand .0028; cables .0028: Holland demand 39.60; cables 39.63; Norway demand 18.50; Sweden demand 26.50; Denmark demand 18.88; Switzerland demand 18.82; Spain demand 15.69; Greece demand 1.19; Poland demand 0028; Czecho-Slovakia demand 2.9645; Argentine demand 37.12; Brazil de- mand 11.62; Montreal 98%. receipts 16 cars; total United SI shipments 454; Wisconsin cound whites 85@90c cwt.; poor bulk round whites 85@95c AURWARY ASKED TO ATTEND FUNERBL 0 auxiliary are asked to attend the SUGAR NEW YORK, Feb. 7.—Sugar closed steady; approximate sales 6,900 tons. The market for refined was firmer and prices unchanged to 10 points higher, fine granulated being listed at 6.90@ 7.00 cents. ‘There was only a moder- ate domestic inquiry roported, -nl- though a better demand was noted ‘for export. day evening. The services wi possible will attend. ‘ EOLLOW TURKS —Front -- LAUSANNE, Feb. and the principal members of Turkish conference delegation morning. A secretary hind. Several journalists panied the party. George Tchitcherin, gthe foreign minister, starts tonight Moscow tomorrow. Thus after gotiations in an effort to METALS NEW YORK, Feb. 7. — Copper Steady; electrolytic spot and futures 15@15%. Tin firm;. spot and nearby 40.87; futures 40.00@40.25. Iron easy; No, 1 northern 29.00@ 31,00; No. 2 northern 27.00@29.00; No. 2 southern 24.00@26.00. Lead steady; spot 8.00@8 Zinc steady; East St Louis spot and nearby delivery 7.00@7.10. Antimony spot 7.12. os Turkey to ‘the comity of nati ever, ng one apparently wants and efforts will now be directe: patched up peace.” ————_— Cotton. NEW YORK, Feb. quiet; middling 28.20. Flax Seed > —_ DULUTH, Minn., Feb. 7.—Closing | r4" yrRS TODD'S orchestra a sh prices flax seed ebruary Rialto play "Lovely have it In shoet mus [ Victor Record, at The 2.9634; March 2.90 bid 8 bid. May 2.741% and roll Falling off in receipts northwest gave an ad. ditional motive to buyers, and result. with May $1.20% Subsequently all deliveries reached son, including September at 767% Further damage to the Ar- hardened a little in all deliveries. AFTER DECLINE) ON WAR NEWS orts of Turk Threat Against 7.—Something of took Place today during the early dealings, ral of chas- ing on the part of commission houses Tpool quotations was practically ignored in view of the Turkish developments. The opening, which varied from off to % up, with May 1.18% to 1.1814 % 6 fol- well Near sell- ing, and the market readily advanced new season, 2%e to lots gave firmness to the corn market and % to corn sea. ca "The net Oats started % lower to 4@% ad- later with 7.—Wheat—No. 2 Corn—No, 2 mixed 73@73%c; No. 2 Oats—No. 2 white 43% @45c; No. 3 strength. Gains cf 3 to 4% points} Wheat— Open High Low Close were scored before noon, by Inter 190% 118% 1.20% ter, Atlantic Refining, . 4 133 145 pationtiianal Agricultural. Chemical 1.11% 1.10% 1.11% 15% 76% 70% 45% 43% 42% 11.45 11.57 10.95 12.00 CHICAGO, Feb, 7.—Butter higher; standards 46%c; extra firsts 46% @47%c; firsts 6,250 CHICAGO, Feb. 7,—Potatoes steady; tates sacked and some frosted 70@80c cwt.; Wisconsin owt; Michigan bulk round whites 80@85c F MRS, CATHERINE ROWE Members of the American Legion fun- eral of the late Mrs. Catherine Rowe, former army nurse( who died Tues- Il be held at St. Anthony's Catholic church Thursday morning at 9:30 o'clock. is hoped that as many members as It .—Ismet Pasha the left Lausanne for Angora at 7 o’clock this remained be- accom: Russian for days of ceaseless ne- establish peace in the Near Hast and restore ons" nothing has been accomplished, How- war d to obtain what one diplomat called “a —Cotton—Spot t the Wwe and uslc Shoppe fhe Casp et Daily Tribune AND QUOTATIONS BY LEASED } 0 Allied Chemical & Dye-. ~~ e i} Securities -« | LOCAL OIL STOCKS Allis-Chalmers --..-=--——. Bessemer ~ 21 ternary Big Indian 18 ‘American American a7184% ie 128 American Hide & Leather pfd__ 69% | B id American International Corp. -— 27% | Burke ~~ at 4 American Locomotive Blackstone Salt Creek .18 20 ‘America Chappell 38 40 American Columbine sas 116 American Consolidated Royalty_ 132 1/33 American Cow Gulch .. wee 02 03 peshiony Domino - 06 08 Anteriean. Elkhorn ~— os 105 Atchison Atl, Gult ‘. Baidwin Locomotive Baltimore & Ohio Bethlehem Steel “B' Canadian Pacific Central Leather Chandler Motors Chesapeake & Ohto -. Chicago, Mil, and St. Frantz Gates _ Jupiter . Lance Cree! Chicago, R. T. & Pac... Red Bank Chino Copper ~~ Picardy Colorado Fuel & Iron-. Royalty & Corn Products -. Suieet. Crudiile Stal -. Erle Famous Players-Lasky General Asphalt -. Ger.pal Electric General Motors Gootrich Co. Great Northern pi Tilinois Central Inspiration Copper Internationa: Harvester Wyo-Kan. Western Of Y ou ~-Mountain Merritt - Glenrock = 175 In_-t. Mer. Marine pfd. Salt Creek Prds. ~ 21g7 International Paper -. Sult Creek Cons - 11.50 Invincible Oil - Prod. & Refrs, = 9.00 Kelly Springtleld Marine, new = 5.00 Kennecott . Copper Mutual’... 7 13.75 Louisville & Nashville. Mexican Petroleum Miami Capper _ ~ Middle States Oil Ctles Fensland New York Midvale Steel — . Missouri. Pacific Mammoth New York ‘Central a Y¥., N. H, and Hartford. a4 Norfolk & Wester: at r pee Northern Pacifio ond 4s — Oklahoma Prod. & Ref. Ist 4%e8 .. Pacific Oil Pan American Petroleum. Pennsy:vania People's Gas 8rd 44a 4th 44s Rep. Iron & Steel .. Royal Dutch, N. Y. Sears Roebuck Sinclair Con. OM Southern Pacific Hamilton Southern Raliway —, Cat Creek Standard ON of N. J. hile, Gac uedbaker Crporation — Big Muddy Salt Creek Rock Cree! Tobacco Products - Osage — Transcontinental Oil - Union Pacific United Retail Stores . S. Ind. Alcohol 'Inited States Rubber-. Unitec,-States Steel Utah Copper -. tinghouse Electric Willy-Overlanad = \merican Zine, Lead and Sm. Butte and Superior ca'a, Petroleum - Montana Power Torchlight Elk Basin Greybull — Sunburst ‘Shattuck Arizona 9 Great Northern Ore -. 31% Thicago Narthwestern -. 84% Maxwell Motor ‘‘B’ 16% Consolidated Gas - American Linsee1 Oil 314% | ment of bulk 240 $7.85 @7.95; 36.75@7.00; | Standard Oil Stocks Anglo . BE. T. Williams _ Kinney Coastal Lusk Royalty —. Mike Henry - Mountain and Gul! Tom Bell Royalty ___ Western Exploration- Western States 8. O, Indiana ~ Service Com. nd 44s —. Victory 4%s Lance Creek Grass Creek ceipts 33,000; dull, than Tuesday's close; bulk 150 to 200 pound averages $8.10@8.30; top $8.45; ik Royalty_ Producers_ 1 Fields -. 10 : Al NEW YORE CURE CLOSING Producers --17.37 10.12 1.37 -184.00 ay 17.12 On - 1000 on. 55.00 4 kK Live Stock Chicago Prices. CHICAGO, Feb. 7.—(U. 8S. Depart- Agriculture.) — Hogs—Re- 15 to 25¢ lower to 300 pound butchers packing sows mostly desirable pigs generally $7.50@8.00; heavyweight hogs $7.75@ 7.95; medium $7.85@8.15; light $8.10@ A 18 light Nght $8.10@8.30; packing Buckeye ~. 2 |sows smooth $6.90@7.: packing Continental 40 | sows rough $6.65@7.00; killing pigs cumberland 112 | s7s0@8.28, ft Phen 123 | Cattle—Recetpts 10,000; beef steers Ind.’ Pipe 07 | Slow: generally steady carly; active Natl. Transit 8% 29 | higher; killing quality fairly good; N. ¥. Transit’ — 181” 135. | carly top matured steers $10.30; bulk Northern Pipe _ 103 107 | $8.50@9.75; beef cows and heifers Ohio O ~ 76% 77 | strong; spots’ higher; veal calves 25 to GelenaPrat 231 |50c higher; other killing classes Prairie Pipe - 111 | steady to strong; stockers and feed- Solar Rfg. ~ 180 185 jers steady; bulk desirable vealers Southern Pipe -110 112 | carly $11.00@12.00; shippers paying Hay ite Penn. Oi upward to $13.00; with strictly choice SO. Kas. kind in odd lots up to $13.50 and 8.0. Ky.’ above; bulk bologna bulls around Bs OFAN oo 250 | $450@4.65; bulk stockers and feeders pat ay earamae 46% | $6.50@7.50. 8. 0. Ohio 297 Sheep — Receipts 17,000; opening Vacuum 47% | very slow; practically nothing done lower; two TROUSDALE COMPANY WILL STAGE NEW SHOW TONIGHT The Boyd B. Trousdale stock com- pany will play the second bill of their engagement at the Iris theater tonight in the farce comedy success, “Honeymoon Town.” This play has had long runs in Chicago and New York two years ago and was one of the big hits in both cities at that time. The players of the Trousdale company are well cast in this play, each one having, good comedy parts. Mr. Trousdale will be seen as Frank Kimball, a newly-wed. The scenes are Jaid in the home of Jack Dunbar, Honeymoon Villa, in a suburb of New ewes $7.80; OMAHA, partment o: Ughts and top $8.00. fed steers $8.05. classes 15@ $14.5 York. If you are contemplating} ewes $7. marriage don’t fail to see this play | paid. and if you are married, this play will hand you many a laugh. There will be three clever vaudeville acts includ- ing ‘The Buddies" quartette. There] DENVER will be but one performance each night with a matinee on Saturday at 2.30 p. m. The avening performances will start at 8.15 each evening, pliasctbacek essai Mi Frederick county, Maryland, pro. duces more gold fish than any other part of America. About 370 acres in the county 1s given up to this under. water farming, and more than 100,- 000,000 fish are shipped every year. pecans > al aioe At one of the big hospitals as many as 3,000 visitors sometimes arrive to ses patients in one da; ——— ceipts 1,000; beef steers heifers 3,60: stockers an: | NEW YO: silver 63%; Jewel pert w all work guaranteed, | . Casper J Manufacturing Co., LONDON, O08 Bull 1-9-tf | per ounce. yearlings $13.00; desira celpts 20,000; 220 to 300 pound butchers $7.60@7. Cattle—Recetpts 6,300; beef steers and she stock steady to stron other classes steady stockers and feeders $6.75@7 Sheep — Receipts some held higher; choice light Hogs receipts 1,500; market 15 to 25c lower; top 7.85; bulk 7 Sheep receipts 4,400; market steady to strong; lambs 13.00@14. lambs 13.00@14 on fat lambs; bidding sharply lower; fed yearling wethers and sheep 25¢ loads choice 87 pound le 125 pound run includes about 2,700 billed direct to packers. Omaha Quotations. Neb., Feb. 7.—(U. S. De- f Agriculture.)—Hogs—Re- mostly 15@25c lower; Ught butchers $7.75@7.90; bulk top $9.50; all veal top $11.50; 5; top $7.25@ 9.00; 12,000; killing 25e lower; early top lambs ; feeders steady, $14.60 Denver Prices . Colo., Feb, 7.—Cattle re- ; market steady to weak; 7.00@8.60; cows and @3.00; calves 4.50@10.50; d feeders 3.50@8.00. 50@7.85 feeder ewes 4.50@7.50. SILVER | RK, Feb. 7.—Foreign bar Mexican dollars 48% "eb. Bar silver Money 1% per cent. tors leases have been granted by A. Baker, commissioner of public -| tands: will be developed during the present plans. about 30 miles east of that city Sand Draw field. Geological been very favorable and the time by Riverton and Casper men. A contract has been made with the owners by Frank L. Ketch, ad- ministrator of the Jake Hamon estate and C. 8. McLennan, ‘production Superintendent of that interest for the development of the land on a royalty basis and after going over the field last week it has been an- nounced that plans will go forward for the immediate development of the structure. C. T. Lupton, one of the best known seolog’sts in this territory, is expected to make a location for the first well in the near future and material will be hauled to the location for the rig and camp. The structure, which comprises in excess of 5,000 acres is held by the Burley Oil company of which H. O. Simmons of this city is president. Oil and Gas Leases Granted. The, following oi] and gas prospec- Rocky Mountain Oi] & Producing Co. & Merle N. Poe, Findlay, Ohlo, Nn 36-25-87. 16-25-83. ' John G. Cogewell, Riverton, all of scetion 16-33-94. Max W. Ball, Denver, Colo., all of section 36-13-92. J. W. Beckett, Rawlins, all of sec tion 16-35-83. Un'ty Oil Co., Rawlins, all of sec: tion 36-25-88. C. E. Baird, Casper, all of section 16-42-80. Myron W. Whittemore, trustee. Chicago, I, SE% SW%_ section 12-34-84. J. W. Stevenson, Buffalo, all of section 14-48 Mark J. 1 , Cheyenne, N% NE section w 3% N% SEX section 23-48-82 Charles Cranston, 33-48-82. a M. Ward, Buffalo, all of sec- 34-48-82. I. Stevens, Denver, E% section 8-83; Wg section 23-28-83. John W. Wilson, Casper, Ni N% 8% NEX, SW% NW%, NE% SEX, S% 8% section 26-48-82. ‘Thomas Ingham, Casper, all of sec- on 36-48-82. John G. Jones, Casper, N% NE SEY NE, NE% SEX section 3-28-82. Kaycee, SEX tion Metalliferous Lease Granted. PAGE NINE. - Bonds -:- Stocks -:- Grains -:- Livestock -:- All Markets MARKET GOSSIP AND FIELD NEU BURLEY OOME WILL BE DEVELOPED Another oil field in the territory contributary to Riverton coming summer according to This is the Burley dome, which is located and a short distance from the reports on the structure have land has been held for some as.quickly as possib'e and owing to the favorable geological reports on the structure it !s expected that a new field will be opened to produc tion. Drilling Again at Cowley. With the hole at 2,000 feet, drilling has been resumed by the Cowley 01) Producers’ association in the test west of that city. It is expected tha producion will be encountered at from 200 to 400 feet deeper and the hole w be carr'ed down with all possible speed to tap this stratum. Refinery Near Completion. Excellent progress in construction is being mantained at the plant of Producers & Ref ners corporation at Parco (formerly Grenville) and it ‘s expected that the crude stil's will be ready for operation in the very near futur Oil from the Lost So'dier’d’strict ‘s now flowing into storage tanks through the pipeline from that fie'd and an emple supply will be on hand to start operations by the t'me the re finery {s ready for operation. Petrogas Enters Baxter Basin. Another company has entered the Baxter Basin field and will become active in the development of that dis tret. The Petrogas O!l & Leasne sompany, composed largely of Rock Sorings men, has completed a camp on sect'on 7-17-103 and r'g materia’ ‘s now being hauled. This locat’on 's known as Freebury No. 1 and dr”) ‘ng will be started here as soon as the rg can be comp'eted. The Assoc'ated Montacal No. 1 on section 28-17-2104 is stand'ng cemented t 2.765 feet and should be drilled 'r vithin the next week or two. A ten neh hole has been carr'ed to that vepth. The Ohio O! company also has 'ts No. 2 cemented on section 2116-104 and as soon as the cement sets th's w'll be érilled in. A large amount of cas'ng and other material is being hauled to the t'eld by the Midwest Ref'!ning com pany in preparation for developmen on a large scale dur’ng the com’n~ summer. and every ind'cation !s that this fied will be the scene of great activity during the present year. Midwest Has No Completions. No completions were made durin= the past week by the M‘dwest Ref'n ‘ng company. F've operat'ons out side of Sa't Creek are now active ‘n F. M. EcElrath, Lincoln, Neb., al of section 36-40-92. Operating Lease Granted. The Ohio O 1 Co., Casper, SEX SEY section 16-40-79. Wilson & Co. to Be Absorbed. The New York Commercial Bullsiin says that reports are current in bank- ng circles that W'lson & Co. {s ult.- mately to be included in the Armour- Morrls merger. Sinclair to Float Notes. Sinclair Crude O1 Purchasing com- pany is negotiating with New York bankers for the sale of $20,000,000 short term notes. Railways Get Land Concessions. The National Railways of Mexico have obtained concessions of federal oll lands from Obregon, according to Excelsior, one of the leading Mexico City papers. Standard to Act on Dividends. Directors of the Standard O!1 com- pany of Indiana’ are scheduled to meet in Chicago today to act on dividends. President to Send Debt Message. Praident Harding is to send his British debt message to congress :0- day. This is expected to meet with little if any opposition. Chili Copper Declares Dividend. Chili Copper company directors haye declared the initial dividend of that corporation amounting to 62% cents a share. Lehigh to File Segregation Plan. The Lehigh Valley railroad {s to fi:« its segregation plan with the New ‘York district court today. It is under btood that it will show many changes from the original field on October 6, 1921. Armstrong Has Gas. | The well of the Armstrong Oil com-| pany on section 35-25-88. In the Lost Soldier, field, hag developed a gas) flow estimated at 8,000,000 feet at a! depth of 2,655 feet. This well will be! continued to the Wall Creek, where! of] in quantities 1s expected. The Bair Oil company has reached of depth of 1,105 feet in its No. 48 in the same field. Nos. 45 and 46 are| both flowing wells but have been shut| in a part of the time during the past few weeks. Producers & Refiners Wertz No. {s standing at 3,712 feet, where it will be cemented preparatory to drilling in. Crooked Hole Shot at Lance Creeks, No. 4 of the Ohlo Oll company on| section 5 “65 in the Lance field developed a crooked hole at 350 feet, but a small shot enabled the, drillers to continue and progress now being made. Drilling Resumed on Test. rilling has been resumed short duration test This well r Valley completed will be | Casper, W: Creek} is} the state two of which are in the Baxter Basin field. Crowe well No. 2 'n the Notches “eld 's running 10-tnch at 1,000 fect w'th a total depth of 2760 feet. Midway test No. 2 is running ro: tery p'pe and fish'ng for 4% inch casiiig wih a (ola! depth of 4415 feet The Nieber dome test is shut down waiting for cement to set at 1,602 feet, We'l No. 1-X on the northeast quar ter of section 36-18-104 In the Baxter as‘n field ‘s dr'!ling at 1.765 feet. No. 29 on the southeast quarter of rection 25-18-104 has run 12%-ineh and is preparing to drill at 815 feet. Completion in Osage. The Whedon O11 company has com- ed a good producer on sect'on 14: 64 in the Osage field at 416 feat which is reported to be one of the best dri'led in in recent weeks. The output is est'mtead at 40 barre's. It is stated that a test well will be drilled on the Nefsy townsite in the Osage district on sect‘on 9-46-63. A producer at this po'nt would add con. siderable to the producing area of the f'eld and would also add greatly to the value of property in the town. The U. 8. Oil & Refin'ng conpany ‘a coing forward w'th work on {ts tank farm at Osage and good progress is being made with construction. The Fletcher Ol company, a sub s'd'ary of the refining com, now has a total of 500 barrels da'ly production which {s nearly enough to supply the plant at capacity. Sulphur Found at Thermopolis A roport from Thermopolis states that off prospectors in that vicinity recently uncovered by accident a bed of sulphur sad to be at least 98 per ‘ent pure. Geologists have been mak ing investigations of the strike and have found that there is a mountain of this product in one ledge the amount of which {s almost beyond computation. As this find lies within three miles of Thermopol's consider able interest is being displayed and it is highly probable that steps will be taken for {ts development. AU Stocks Average Higher The average price of twenty activi industrial stocks traded in on_ the New York stock exchange on Tues day was 101.01, a net gain of .98. Th: average price of twenty active rail road stocks was 88.93 a net gain of 85. ee ageaa Oil Teases, reat estate, owners of Teapot townsite, Kepresentatives wanted. Call or write us. Teapo! Development Co., 218 Midwest Bl. g.. 1-8 Surveying aud Locations Geologists Oil Experts Oil Field Mars, Blue Prints WYOMING MAP AND BLUE PRINT CO. P. O. Box 325 Room 10, Daly Bidg. | i Union Pacific 1s: US 8. Rubber U. 8. _Rubbe: Utah Power tern Union Penn. R Penn. R. Reading Standara Frenc Gen. 6%48_ R. gen. 5s gen 4s_ Oll of Republic Kingdom of Belgium Don . 5% French Repub! Kingdom of Belgium 6 Kingvom of Neeway U.K 3 B.& Sugar n Tel. & Tel. cv n Tel. & Tel. Armour & Co 41s Ba'timore & Ohio cv Bethlehem Steel ref. 1p. deb. al cv. 4¥4s_ Chi Burl. & Quincy ref. 58 AL Goodyear Tire 8s 1931_ iodyear Tire 8s 1941 Grand Trunk Ry. of Can. Grand Trunk Ry. of Can. reat Northern 7s A- ireat Northern 5 Bez Mo. Kan, & Texas new. adj. 6s Missouri Pac. gen fontana Power Yew York Central : Yorthern Pacific pr. len 6s. AL. 90% 110% 110% WASHINGTON, Feb, 7. — High frelght rate on oll, combined with a arge measure of control exerc'sed by the Standard group of of! compantes ver pipe Ine transportation, {s adily beating down the independent ‘ner, James F. Lawrence of Kan. s City, Mo., representing the West: tn Petroleum Refiners association, lay at the senate oll in The Standard Purchasing agencies fominate the market and fix the orices for crude," Mr. Lawrence said. 11,000 Miners Search, Child Is Recovered CARDIFF, Wales, Feb. 7.—(By The Associoted Press.-~—Two year old Merwyn Hodges played about the door of. his father's cottage in Aberaman today, unmindful that for two days practically no coal in the great Aberdare volley fleld had been mined because the 11,000 miners who should have been at work were searching for him. Merwyn, a miner's son, disap- peared last Saturday from his father’s house. His friends, young and old, looked in va'n for him all that day and Sunday. When Mon- day brought no tidings of the youngster, 6,000 miners in the com- munity decided upon a baby hunt and instead of going to the pits they combed the countrysife thoroughly, dragging the ponds unt'l dark. But they did not find Merwyn. On Tuesday morning five thou. sand more miners joined in the search, After many fru'tless hours @ man passing a closed freight car that stood on a colliery siding heard a faint cry. He opened the door and found Merwyn, tearful, but un- hurt. The youngster could onty say that “a man" had taken him for a ride in an automobile. It is sup: posed that tho child was kidnaped and thot b's captors placed h'm in tho car when they saw the furore his disappearance had caused. | MONEY NEW ee YORK, Feb. 1. ——Call money easier; h’gh 4%; low 4; ruling 4% 1g bid 4; offered at 414; last toan all loans against acceptanc 4; time loans firm; mixed collateral 60-90 days 4% @b; 4-6 months 4% @5; prime commercial pupers 4%4@4%. — Ploneering in 9 comparatively ne {feld of endeavor for women, Mrs. Joseph McCulley has been chosen read of the board of education of St Chomas, Ontarlo. She is the first voman In the province to hold such position. Hal Movre at the America ts p ing v Lucerne,” special number this week it in heet music y Victor a8 a Wo have r roll and Record at The Muslc‘Shoppe WAN UNDERREAMERS ju AT YOUR SUPPLY TORE ; I RIDEEPOR | foays Follows" FREIGHT RATES AND CONTROL BY STANDARD STRANGLING THE INDEPERDENT REFINERS. CLAIM “In turn the different Standard com- panies fix the price of gasoline all over the United States. Their trans- portation of crude by pipe lines through the larger centers makes them independent of the ~ railroads and they have refining plants in all of the great consuming arcas served by the pipe lines.” Mr. Lawrence testried Beneral frelght rate inc: as applied to ofl had the effect of mak’ng {t imposs'ble for refiners in the Midcontinent fleld to compete with the Standard companies able to take advantage of pipe line transpor- tation. Iilustrating his point the witness said that the freight rate on fuel ofl from the Oklahoma field to Cleveland amounted to 152 per cent of the value of the product, on kerosine from Oklahoma to Cleveland 109 per cent of the value, and on crude ofl the freight rate was 171 per cent of the commodities value from Oklahoma to Indianapolis, Columbus, Ohio and Pittsburgh. that ase of 1920 e facts been presented to te commerce —commise sion?” asked Chairman LaFollette, “The commission was advised tn 1920 before the rate increase went into effect what would be the result but so far as I know hearing was not had on the matter until last Decem- | ber 27," the witness replied. |, The commission, hoe, added, referred to oll rates in {ts decision of last yea reducing freight rates generally and suggested that the existing rates might have the result of curtailing ofl shipments from the western fields to the east. “It is Incredible that such a condi- tion should exist so long,” remarked Chairman LaFollette. “The commis. sion, it seems, has not done much more than to slap the railroads gently on the wrist.” “I would say that the has only threatened to spank the cars riers,” the witness rejoined. commission SWAN JERREAMERS YOUR “STOR AT SUPPL iBRE a The Demand Exceeded the supply of last year’s INDUSTRIAL NUMEER of the Tribune. Order your extra copies Now For this s edition and do your part in Boosting Casper Phone 15 ca a in- to-