Casper Daily Tribune Newspaper, February 17, 1923, Page 7

SATURDAY, FEBRUARY 17, IAREGULARITY INSTOGK MART Main Trend Upward During Short Session of New York Exchange. NEW YORK, Feb. 17.—Opening prices tn today’s stock market were irregular but the main tendency ap- peared to be upward. Baldwin re- ceded fractionally on profit taking but United States Stee} and Stude- baker moved to higher ground. Re- newed buying of the copper shares sent Kennecott to 42, a new high rec. ord for the year. Peak prices also were established by Dupont and Gen- eral Motors. Railway Steel Spring, Royal Dutch and American Beet Buger were heavy. Realizing sales caused recesstons of approximately a point in California Petroleum. United States Alcoho! and Atlantic Gulf but the general list con. tinued upward. Baldwin recovered its early loss and dupulcated yesterday's High of 141%. Good buying power was noted in tho merchandising, mo- tor, motor accessory and equipment groups, gains of a point or more be- ing recorded by May Department Stores, Brown Shoe, Lima Locomo- tive, New York Air Brake, Inspiration Copper, and Crucible Bteel. Rails also werg in better demand, Louis ville and Nashville and Ann Arbor preferred gaining a point each and New York Central, Reading and Nor- e irregular, demand sterling Holding steady around $4.69, the year's best price and the French francs dropping five points to 5.95 cents. MEANS WEALTH Continued From Page One the neck in the west, owing to the rolling hills which lie north of Casper. ‘The proposals made by Ferris and Huss were met with the greatest en- thusissm. No one had dreamed that the advent of the raflroad would be so definite, that.the proposition would be so fool-proof. had le!d their hand down trst, an evidence: of square shooting. Per- sens who had doubted for a while the good faith of the railroad builders | had all oubts swept aside with the declaration made by Mr. Ferris. Tho tracke will be laid, the cars will be moving, everything will be done, and then Casper will be given the cppor- tunity of saying whether or not the new project is worthy of some mark of gratitude on its own part. R. B, McNally of Sheridan has been described as one of the britiient speakers of the evening. Mr. Me- Nally said. the people of Sheridan people of Casper in thie great works which is being done for posterity. “We are. working against the time) when there will be a deflation of values in Wyoming brought about by the exhaustion of the present great resources. We believe these men are making a legitimate proposition. | They are willing to invest $15,000,000 | which will bring other cutside capital. The people of Sheridan are more disconnected with the people of Ca: ‘e from the people of There will be a legitimate argument for the capitol when Casper is connected with thes: northern points by the railroad, but not until then, for at the present time Cheyenne is as close to Sheridan as Casper is. ‘There will be $1,000,000 a month expended in Wyoming during the construction period. You will recsive yeur money back before the railroad is built.” Benator John B. Kendrick said, “The time for talking is past and the time for acting has arrived. I have been making speeches on the railroad in congress and have been traveling with this party on ‘one night stands.’ 1 for one am glad that this ig the last occasion on which I ‘will have to make 4 plea for the sup- port of the project. The need for the rajiroad has been increasing from been a rumor that Gov- fs a four-flusher. The money down CHICAGO, Feb, 17. Althoush wheat has advanced in price this week for the new crop deliveries, of July and September, a setback in values js shown for the May repre- jwenting wheat already on hand. Se- vere cold, threatening damage to th 1923 crop, was a bullish factor on thi one hand, whereas May was subjected to heavy selling on the part of east- erm holdere who were said to have been clinging previously to hore of export credit enactments at Wash- ington. Compared with @ week ago, wheat this morning ranged from 115 decling to 2%; corn was off % to 1 4; oats %@% to 1% and provis s down five to ten cents Abrupt selling of May wheat in amounts that were estimated as to- talling mil} nels gave the wheat mark jolt on one occasion, but rallies fol- lowed yhen the se of May Testricted later to unimpressive NEWRAILROAD = in the words of Senator Kendrick, | were asking the co-operation of the| CROP DAMAGE AND CREDITS FOR EUROPE RULE IN GRAIN MARKET 1923. GRAIN TREND STILL UPWARD Weather Conditions in Wheat Belt Handicap Bears on Exchange. CHICAGO, Feb. 17.—Fresh upturns in the price of wheat took place today conditions in winter wheat belt acted as a handicap to bears. Commission houses were the principal buyers. The opening which ranged from % to 4#@ ‘ec higher, with May 81,304 to $1.20% and July $1.16% to $1,16 , was fol lowed by @ slight reaction, but then the market rallied again, Corn and oats were firmer with wheat. After opening Yc to %o ad- vance, May 46% to 46% and later held near to the initial range. Provisions showed @ little strength with grain, despite lower quotations on hogs. ee evidences good faith. He says, ‘I will do this if you will do that, and I wil] do mine first.’ “The railroad means an outlet for coal supply. It means one of tl cumulative facts around the Casper {rrigation project, I can coneaive of no man within the sound of my voice who would not like to have it said of him that he was a factor In the development of this state. I come to you not as an official, but as an individual, I plead ger the inter: it of the state when sk you to join hands with us in the north, The railroad will never stop, with help qnd co-operation, until it ends in the’ hard coal flelds of Colorado (applause), We will turn things about. Instead of sending our own resources out of the state we will ig other resources into the state. have no doubt as to the ability of these gentlemen, T had {t on au- thority before the proposition was put up to you that the money was forthcoming, Haskell is {dealined by the people of Oklahoma, “If you want these two com: munities united, ft s now or never. If you don't get this rallsd now you will be segregated during the life- Ume of the youngest man present,” Governor Robert D. Carey gave a brief tals in which he spoke enthu: lastically In favor of the proposition. | He said in substance; “Casper is destined to be the large city in Wyo ming,” similar to Denver and Omaha, if it continues to go ahead. I know ef nothing that will make for its progress more than will this road, It will also mean a road to the south Into Colorado through Route county, The railroad can count on Casper,” James MeClintic, congressman from Oklahoma, was with the party and spoke something regarding the propo sition. Mr. MeClintic sald that all his life he had been on the other side of the fence trying to gét railroads to come into territory instead of try: ing to get people to let @ railroad come in. ‘If you are on a phantom: horse, the only thing to do is to get joff of it,” sald the congressman, meaning that opposition to the ra! road was such a phantom and was detrimental to progress. ‘ The addresses were closed by W. 5, Kimball, one of Casper's best known pioneers. Mr. Kimball told how the Chicago and Northwestern had been extended from Chadron, Neb. to Wyoming in 1886, how 1,600 people had flocked to Douglas because thoy knew it was to be the end of thi rajiregd then bullding, how tt had extended to Casper, ha gone on through to Lander, and how Casper had still continued to progress even | though people declared Lander would stake all its prestige away from it. It was at this time that Mr, Kimball built the first three-story building in Casper, belleving in the city which later justified his fait! “Casper has never failed,” said the speaker. W. 0. Wilson was chairman of the meeting last night. Following the addresses a party consisting of the railroad officials and the remainder of the party as well as C. B, ichardson, H. B. Dur- ham and Weed Dickine: left for Cheyenne where they will attend a joint session of the two houses of the legislature today. This session will be held for the purpose of hear- ing Scott Ferris, Senator Kendrick, and others interested in the rajlway, oo br : Feat estate, owners of evelopment C2., iE advent Bide: Casper, W volume. Bulls, especially in the May Colivery, continued to be handicapped however because of prolonged slow: ness cf expert demand. New high price records for the sear son were reached by July and Sep: tember wheat, inasmuch as both would be directly affected by any extensive injury to the new crop, Or ‘inarily, cold weather is of itself no great danger to winter wheat, but acr cording to some authoritiés the ex- isting further conditions of ice cov- ering and previous insufficient mois- ture tend decidedly to make the out- let Cublous. Corn and oats rivaled wheat in at- taining ne whigh price records for *he season, with demand active and ofter- ings light. Sybsequently, rains jn Argentina had @ bearish effect on the corn market. Provisions were without notad’ support aside from lard buying # ciated with the cettonzeed o!l indus try. Allied Chemical & Dye... Allis Chalmers --..~-<.-se=e: American Beet Sugar .. American American American American American American American CAN ~+ ~~ en erwen nee: Car & Foundry ..-- Hide & Leather pfa - Internationa Corp during the early dealings, the chief Vactor belng absence of any renewal of heavy selling. Besides, weather | lease | solicited. American Sumatra Tobacco American T, and T. ~--. American Tobacco American Woolen Anacanda Atchison 7 Atl, Guit and West Indies. Baldwin Locomotive — Raltimere and Obio ~ Canadian Pacific ~ Central Leather --..- Chandler Moters .. Chesapeake and Ohio -- Chicago, Mi] and St, Paul - Chieago, R, I. and Paw Chino Copp ory Colorado Fyel and Iron -..~. Corn Preducts Crucible Steel Erle ~ssecpeceeswneee: Famous Players Lasky General Asphalt General Electric General Moters Goodrich Co.. «-r--e- Great Northern pfd, - Minois Central -+.- Inspiration Copper --.--. International Harvester Int. Mer , Marine pfd. - International Paper - Invincible , Oi Kelly Springtield Tire -. Kennecott Copper -.- Loulsvile and Nashville Mexican Petroleum Miom! Copper Middle States Ol} Midvale Steel .. Missourl Pacfic New York Central ~~. - N.Y, N, H, and Hartford ,--- Norfolk and Western ---.. Northern Pacific ~---y-r-n+ee= Oklahcna Prod and Ref, -... Pacific Ol --pne-yreree-eereee Pan American Petroleum --.. Pennsylvenia. Ray Consolidated Copper -. Reading -----~~- Rep. Iron and Steel Royal Dutch, N, ¥. - Sears Roebuck -. Sinclair Con. Ol! Southern Pacifiq --,---------- Southern Railway -. Stancard O!l of N. J. - Studebaker Corporation 4 244) Texas and Pacific Tobacco Products ---. Transcontinental Ojl -—--—--- Victory 4% -. “i Che Casper Daily Cribune - Stocks -:- Grains - EWS AND QUOTATIONS BY LEASED Oil Securities (By Wilson. Cranmer & Company) 22 4 28 Boston Wyoming --~ 1,00 2.10 Buek Creck weece-e .16 Burke eeeen Blackstone Salt Creek 220 Chappell -.. 50 Columbine... 15 Consolidated Roy: 2.38 Cow Gulch - 203 Domino - 08 a 205 7 5.50 al Jupiter 01 Kinney Coa: ~ 36 Lance Creek Moyalty- 03 Lusk Royalty .. OL Mike Henry .. OL 03 Mountain & Gulf -.-. 132 134 Neg Bank -~--~.--- 16 18 Picardy sere OS 203 Ity & Producers. 13% 14 Sunset 02 203 al 02 Western Exploration 2.85 Wyo-Kan. ..---.0-- 380 Western Oil MPields 18 Western States -. é 26 ¥- on... os BC at NEW YORK CURB CLOSING Mountain Procucers -§ 19 $ 20.00 Merritt --- 1 10.87 Glenrock ©}! 1.62 1,68 Salt Creek Prds. 25.12" 25,87 Ralt Creek Cons 19.87 14.00 Prod, and Ref: 10.00 11.00 Marine new ~~. 5,00 Mutual ~---- 14.87 Cities Service Com. -- 186.00 Fensiand ~-- 18.25 New York Oil 15.00 Mammoth Oi] 50.37 LIBERTY BONDS. First 43 Second 43 ~. Firat 44a Second 44p Third 44a Crude Market Big Muddy Salt Creek Rock Creek FH Hee Satan Saaansan $3 Torchilght 0 Blk Basin a Greybull -. 0 Bunburst Union Pacltic -----e-ecenerevs United Retail Stores .---es00-- U. 8. Ind, Alcohol ---e-rerer- 70% United States Rubber ----.+--- 61 United States Steel ---.0------ 107% Utah Cop.-per --.---+9e+---- 69% Westinghouse Electric ..--. Willys Overland .+-9e0<----- ™ American Zine, Lead and Sm. - 19 Butte and Superior sare--ereer 38% Cala Petroleum -~~----e02s 86% Montana Power ~werere-w-vee TT Shattuck Arizone ~--r: wr 10 Great Northern Ore -+.--+---- 4 Chicago and Northwestern -. a4 Mezwalle oMters B 16% Consolidated Gas ~. se 66 American Linseed Ol! --. 35% | Standard Oil Stocks | NEW YORK CURB. ANBIO cweeee --re0: ee ah. 3 BUCKCY® --er-e-- = - 9 Continental aw---e ----~~ 41 Qumberiand ~~~ «------113 Galena m, Five. erecersreeresy 1G. Ind. weneverrerre: L, Translt syercnre-r 29% aed TrANelt --rweeeno-7 135 Northern Pipe --e----9++ Ohio Olt 2~-------e: Prairie Of) ---peewenenen23 Prairie Pipe -. Solar Ref. -. roe Southern Pipe --.. 6. 0. I 1s ewereenel lt nd, weve “Oi aren = 40% 49% tee Teac | So. Penn. Omaha Quotations, OMAHA, N Feb. 17,-—(United States Departm of Agriculture,)— Hogs—Receipts 15,500; mostly 15@30c lower; packing grades $6.85@7; bulk of sales $7.75@7.88; top $7.86. Cattle—Receipts 350; compared with Kk ago. beet ba 15@26o higher; veals steady; and feeders weak to 25c lower; steer top $9.60; yearlings $9.56; veal top $11.50; stockers and feeders top $8.80, Sheep—-Receipts none; compared with week ago, lambs and yearlings 15@25e highe: dighe; top yealings $12.75; th 75; ewe top $7.50; feeding lambe $14.26@16, nd ‘We offer Original Intryman’s full one-eighth royalty on six quarter eotions in sections 12, 13 and 24, 38-37 in the Big Muddy field, Biggest bargain in Casper today, Will sub: divide to sult. Teapot-Galt Creek acreage, also leases in Bily Creek and other Wyoming and Montana fields. Deal direct with Wyoming's largest Cealing firm. Correspondence} TEAPOT DEVELOPMENT CO., Suite 218 Midwest Bldg. Casper, Wyoming w Adv APPEAL MADE | TO CHURCH IN CHICAGO, Feb, 17.—{United Press.) Prohibition was blamed for tho wave of lawlessness now sweeping the country by Clarence Darrow, prominent Chicago attorney. “Prohibition hos taught the men, women and children of the country an utter disregard for law and order,” Darrow asserted. The fundamental cause behind. all TOWN PESTS * CLASSY FIED ‘ The Want Ad “Page” . 29-A on the northwest quarter was cut at 2,540 feet, the hole cellent producer. No.36-A on the northeast quarter ection 5-39-78 is ready to shoot the bottom of the hole in the} ; 8ccond Wull Creek at 2,690 feet. Ne, $ on the southwest quarter of section 19-3940 in the Mule Creek field is drilling at 1,000 feet. | Good progress is bel, the Oklahoma operations. Swigert No. | 1 in the Deer Creek field {s drilling at ,700 feet and is almost into the deep pay sand. Stewart No. 4 is be-| ing spudded in. j at Crude Ralse In Mid-Continent TULSA, Okla, Feb. 17, — The} Prairie Oi] and Gas company today posted an advance of 10 cents a bar: rel in the price of Mid-Continent crude oll, This brings the price of| ofl of 28 degrees gravity and below! to $1.50 a barrel and 41 degr and |above to §2.60. The tncrease ts tha sixth this year, Independent Spreading Out The Independent Of! Buying com: pany {s spreading out as business necessitates expansion and is adding) | steadily to its facilities far handling shipments of crude oil. Two new 10,000 barrel storage tanks are nearing completion at its site east of the city and another one will be started as soon as these aro finished. Additions are also being made to other equipment tnejuding | the leasing of 10 mare tank cars which should arrive here withn the next few days. | This company is now sending out a solid train load of crude ofl dajly| billed to a customer in Chicago, In| | addition to smaller orders at widely) scattered points Including 1000 bar-| rels a day to the Omaha Refining| corporation at Omaha and Salt Creek crude js now being purchased in the! various markets of the country. Ar- rangements have been mado with the rajircad company for through ship-| ments to Chicago which Insures de-) livery there in four days from the! time of shipment | \ of the various crime waves 1s the same | “The elghteenth amendment has become a joke, but a joke which threatens to spread to other laws. | “Prohibition will never be recalled. but it will de in its place on the {statute books. “Dope rings, vice rings. deflanee of government by mobs hooded and otherwise, have their inception in the same source. Any law which has lost its dignity and threatens the existence of other laws." | Darrow bitterly opposed any sug- gestion that a remedy for existing conditions could be found tn standard-| ization of the laws of the country. “We have tod many laws. he said. “We are shackled with laws—laws lwhich we could not hope to obey if we would, “There are hundreds of obsolete laws on our statute books ‘ today.) Laws which were passed, found want- ing and forgotten. “As tho upheaval of the war, the slow death of prohibition and the nn- tics of reformers pass into forgetful- ness the country will return to yor- malcy, When this Utopia comes, there will be no politicians ST. PAUL, Minn.—Construction of a $6.000,000 railroad for freight carrying purposes only, to operate between Duluth, Minn. and Super- for, Wis, and the Twin Cities, is contemplated by Henry Ford, it ‘was teported here, The road, it was said, would be part of Ford's plans in connection with his pro posed industris] plant at the high dam here. | AT YOUR SUPPLY STORE. Auto Wrecking Co We tear 'em down; everything saved but the honk. THIRTY DIFFERENT MAKES OF CARS SALVAGED NOW 1117 East Yellowstene At Scoop’s Garage WWARKET GOSSIP AND FIELD NEWS WESTERN STATES FINISHES WELL Western States Oil & Land company is drilling in its No.|U: K of G. 8. and with the bit two feet in the second Wall Creek, which! present indications further drilling should result in an ex-! - Livestock -:- All Markets of section 17-89-78 Salt Creek From | is standing full of oil. | BLIND MAN ELIGIBLE T0 HOLD OFFICE OF JUDGE, MONTANA COURT RULING HELENA, Mont,, Feb. 17,.—A blind man is eligible to hold the office of! > poliee judge, according to an opinton by Chief Justice Callaway, delivered by the supreme court Wednesday in the case of Dan Shea, police judge in} Butte, against Mayor Cocking and the| city treasurer and city clerk. The] opinion allows Shea damages of $2 as attorney fees and costs, which the opinion holds the city can not be made to pay; therefore the damages must be paid, according to the op!nion, per sonally by the mayor, clty treasurer and city clerk, who were made defend. ants in the sult. In December last year Shea was docked four days! pay es police judge in Butte for the time he was taking| the bar examination in Helena before} the supreme court, He refused to ac cept the salary warrant for that month with four days’ pay deducted and brought sult in the district court in Butte, where he obtained Judgement by the ruling of Judge Joseph R. Jackson. The mayor and the other ‘city offi. clals appealed to the supreme court on the grounds that Shea was not qualified to serve as police Judge be- cause he was bl!nd. ——_—___ A novel musical instrument {fs a violin that can he folded, enclosed in a case, and carried Uke a walking stick. | Governmint of th’ blocs, by th’ blocs an’ | for th’ blocs seems to be a complete success. | Ivey tme Congress ts on thi nein eben ioet || to commince 2 somet yon or 100 WAYS To Make Money BY BILLY WINNER {€ I Could Install Electric Wiring— LMOST every house is equip: ped with electricity these days. But how often we find we could use a plug here or an ex- tra connection there. It’s just a little Job, but it takes a full- fledged electrician to do it. Now, if I could install electric wiring I know how I could de- velop a mighty fine “side” busi- ness. Knowing that at some time or other folks who employ elec- tricity in their homes will want to make changes, there is a field for my work. I'd call Phone 15 or 16 and through a Tribune Want Ad column I'd tell the peo ple of per and Wyoming that U can install plugs and extra con- nections. Alfalfa, Native, Wheat Grass, Prai Wheat, Barley, Rye, Bran, Oyster can save you money on carloads o want. 313 MIDWEST AVE. Hay, Grain, Chicken and Rabbit Feeds rie Hay, Straw, Oats, Corn, Chop, Shell. One sack or earload. We f hay, and give you any kind you CASPER STORAGE COMPANY TELEPHONE 63 Kingdom of Norway, 8a ——-—. U.K, of G. B, and I, 548, 1929 Bis, 1937 American Sugar, 6: American Tel. and Tel American Tel. and Tel. Armour and Co., 448 Baltimore and Oho ev. Bethlehem Steel p. m. 6 Canadian Pacific deb. hieago, Burlington and Chicago Milwaukee & St Gootyear Tire 8s, Grand Trunk Ry. of Grand Trunk Ry. reat Northern Northern 61-35 B fsaenee Texas new adp., bs A ---. a fie gen da Montana Power, 6s A ew York Central deb — Northern Pacific pr. lien 43 .--———-—__--—.. Oregon Short Line gtd, 6s ctfs -———______.. Oregon Short Tine ref., 43 --—--——_________. Pacific Gas and Elec Penn R. R. gen 616s Penn. R. R. gen., 5s Reading gen., 4a Sinclair Oil Co, 74s Standard Oil of Cal., a Union Pacific first da — U. 8, Rubber, 71¢9 3, Rubber, S93 -._. Utah Power'and Light 68 -. Western Union 64s — Westinghouse Electric, 109% 108% STOCK PRICES CLIMB HIGHER - INWEEK AS DEMAND INCREASES NEW YORK, Feb. 17, — Extonsty+ pocl eperstionsa combined with an in- ereased pubilc demand sent stocks to new high records for the years tn expected to reach unprecedented pro: portion, Publio utilities stocks were tsken |in hand upon publication of the pret sales that averaged more than 1.250.| liminary 1922 report of the North 900 shares daily, Rising commodity! American company, which showed prices, moro extra dividend disburge-| net income of §19 422,448 as against ments and publication of several un-| $7,360,514 the preceding year. Several usually favorable earning statements specialties also made excellent gains, furnished tho impetus for the ad: one of the features being American vance, foreign news developments! Can which showed a net gain of ap- again being virtually disregarded. \ proximately ten points on the week, The demand for stocks was most/ crossing 99 for the first time. Aver- effective in the oll, steel and copper| “ees of 20 standard ratiroad shares Bruups, each of which were influenc-| also established a new peak price buf" ed by higher eommodity prices while| they lagged far behind the industrinig sugar shares enjoyed a brief period) Offer'nas of new common stock by trength response to a sensa-| tho ehold Products company and lL riso in raw sugar futures. Vir-| Auto Knitter company, which wero all the important stec! stocks| put out during the week wero over- soared to new high levels on reports/subscribed and the shares traded in that manufacturers were paying) at aprem!um on the curb market. large premiums to obtain prompt| lesan ae natin cal shipment. Copper shares also broke through thelr previous tops when the! red metal was quoted at 16% cents | pound, the highest price sinee 1920,| in reflection of the marked increase in the demand for that product. Oth-| er metal shares also were in demand, higher prices for zing again drawing attention to that group. Higher prices for crude oll, includ: ing the sixth consecutive increase this year in the price of the Pennsyl- vania product, resulted in extensive speculation in the ol] shares, partic ularly California Petroleum, Cosden @nd the Pan-American Issues. With automobile production and sales mounting to new high records, the de- mand for gasoline this summer was SWAN UNDERREAMERS & AT. YOUR SUPPLY STORE When we talk TIRES we mean TRUE VALUE MASONS Motorists are gradually learning that Mason Cords offer the truest value to be found in tires, Owners of fine cars, especially, long ago discovered in | Masons the service, dependability and appearance that match their cars. ‘The Mason policy—“The highest quality it 1s pos sible to build into a casing, and the lowest possible prico to the consumer,”—means True Value That’s why we chose Mason Cords to sell and why we urge you to buy them. Our own service is likewise true value. It includes expert co-operation in maintenance of your car and tires at lowest possible cost. MASON CORDS WYOMING COMPRESSION TUBE & TIRE CO. 426 East Second St. Phone 1125M