Casper Daily Tribune Newspaper, February 25, 1923, Page 8

PAGE EIGHT WYOMING’S LEADING OIL, BUSINESS AND FINANCIAL DEPARTMENT EDITED BY L. C. BAILEY BRITISH DEBT SETTLEMENT Bl 0 70 BUSINESS, SAYS BABSON New York, Pennsylvania and. Ohio, Second Section To Recover from Industrial Depression, Says Noted Financial Authority on Tour. NEW YORK, Feb. 23.—Roger W. Babson ‘is now on his annual trip of inspection. With some 10,000 miles of travel- ing he will study conditions in 26 leading centers of the United States. His report divided into eight sections pre- sents an unusually valuable picture of current business con- ditions. Section two, which is issued today, treats of New York, Pennsylvania, Maryland, and] spirit throughout the state to depend Ohio. more on inherited wealth than upon efforts. This is ev! “As New England was the first | ont’s immediate rection to be hit by the depreasion | @enced in the attitude of some of the and the first to recover,” says Mr.|8reat corporations and also in the Babson, “so New York, Pennsylvania} case of the public at large. This and Oblo being the second section to| attitude was shown when the coal de hit, natura the second section | ¢xport tax was enacted. Everywhere to recover: 0 the center of the |I was asked about this tax. There depression was at Bridgeport, Conn.;| Seems to be a very strong feeling but by 1921 the center of depression | 8gainst it. Business men in Ohio, had moved to Arkon, Ohlo. From|linois, and other states said that Connecticut to Ohio, however, busi-| they considered it the most danger ness is today in fair shape. The | us piece of legislation enacted since steel industry is back to &5 per cent| the days of slavery. They claim that of its capacity; coal mining !s very] !f Pennsylvania can put an export active: the carpet factories and tex-} tax on coal, then New York can put an export tax on pulp, Ohio on brick, Michigan on copper, and all the other tile mills are exceedingly prosperous: the the agricultu! ions and numerous small factorics of these| states on something or other. This states are getting on much better, | would mean chaos for our commerce New York City is feeling fajrly]and give a blow to American pros optimistic. The hotels are full and|perity from which it would take us the retail stores are doing a good|cne or two generations to recover busine: There, how is no such] Personally, I believe that the politi riotous spending of money in the|claus of Pennsylvania have entirely restaurants and theatres during | misinterpreted the tvishes of the Pennsylvania people. “A single state cannot live upon itself any more than a dog can live on {ts tail, Pennsylvania needs the rest of the country more than the _boom times. The principal industry of New Yo City is banking and job bing. The bankers are not especially optimistic over the prospect of lower pting those mioney rates fdr 1923, exc who sell bonds. Of course, as’money | rest need Pennsylvania. Any state rates decline the demand for bonds| ¥nich attempts to exist by taxinr other states will fall as did Athens {rfereases and bond prices strengthen. Certain banks have already been obliged to reduce thelr dividends and more reductions may be expected by other institutions Rome and Carthage. However, I am convinced that there !s no such d's position in Pennsylvania as business men elsewhere pretend, but that fearr along this line are ungrounded. _ job! 5 New York City . tesleg one certainty. Their], “Just one word in closing regard / work is very largely importing and] D& New Jersey and Maryland. I find i 1 |New Jersey very active. New fac exporting. The ta hos hand! |New Jersey very ac “New 1 Gapped them considerably, notwith-|‘orles are going up every day anc there fs a fine spirit among its peo ple. Maryland, of course, never get very excited. It does not suffer ver: much from either reckless booms or lepressing panics. Personally, I am very fond of all of these states an nate to.leave them.” General business activities for th Tinited States as reflected by the ndex of the Babson chart continuc: to hold steady at 3 per cent abovi normal. (Mr. Babson’s next week's report will be on the Eastern Central States vith Chicago as a center.) gate ithenalb-Cassti STOGK TREND standing the optimistic figures on for eign trade which the Department of Commerce is issuing. Whatever the figures may show, these exporters and importers find it much more dif ficult to do business. This, of course, yneans a smaller margin of profit for all concerned. However, there has been a distant feeling for the better throughout the east since President Harding's message on the British debt payment plan. In the midst of all of this talk about the cancellation of debts, repudiation of contracts, ac companied by a general depreciation of foreign bonds, it surely was stimu lating to have the Brit'sh come for ward and flatly state that they are determined to pay us principal and interest in full. Considering that of the $10,000,000,000 owed to the United States over one-half of it was by ! England, this is a tremendous stey toward the restoration _of inter national confidence and commerce. The gene impression in ane: Lar toda; is that in return we shoul area hew help England and give her all}Speculators Encouraged by Failure Yesterday of Short the credit we can to enable her to buy our farm products. Now is our chance for us to demonstrate that It Interests. ya for a‘nation to meet her obliga noe = tions and protect her creditors. In NEW YORK, Feb. 24.—Alternate view of this and other events, the] trength and weakness with the arger portion of the trading in hands of professionals were marked in to. lay’s brief session of the stock mar set. Owing to the strengthened money rates and the usual reaction due near the closing of the month, a Usinclination to extend commitments was apparent among speculators for the advance. Independent steel, oils, public utility and tobacéo shares oroved the most vulnerable to selling keenest bankers of New York City look for a rafher active stock market during the year 1923, believing that the market will swing both ways be tween very broad Iimits, thus giving us both higher prices and lower priées than we saw in 1922. “Every time that I visit the. Mo hawk Valley of New York State I am more impressed with its great activity and its potential resources.| pressure, droppin : sure, B 1 to 3 oints, I should not be surprised to see the] hut the reduction was checked by country, lying between Albany and/ tne announcement of the interstate Buffalo, traversed by the New York] commerce comm'ssion's aproval of Central, the West Shore and the|the proposed Louisville and Nashville Erie Canal, become the greatest) stock dividend, that stock rising four manufacturing section of the United} points to a new high record and At States. Its climate is ideal; its labor antic Coast Line which owns ap- conditions are good; it abounds in} proximately 50 per cent of the L. and agricultural resources, thus assuring | x. a reasonable cost of living: the great est bituminos coal mines of the stock advancing three points. Maxwell Motors “A,” Jewel Tea pre- ferred and Iron Products also were country are located to the south and] conspicuously strong. the greatest number of available! ‘The closing was steady; sales ap water powe ated to the north. | proximated 500,000 shares. These conditions are certainly idea? for general manufacturing of alll NEW YORK, Feb. 24.—With the kinds. This valley {s close not only] opening of the stock market today to our great American c'ties, but it 1s speculators for the advance began well located for export trade. "In case we ever establish re ciprocity with Canada, this would st!l) further help the states of New York Ohio, and Pennsylvania. Moreover, Jet me add that we do not appreciate our Canadian opportunities. Canada bidding up the stocks encouraged by the inability of the shorts to force a recession of prices yesterday on the news of the raising of the federal re- xerve rate and the higher call money rate. Eastman Kodak opened % higher at 112,a new high record and is a wonderful country, and both] producers and Refiners also estab: Canada and the United States are|iiehed a new top on an overnight making a‘great mistake in erecting} cain of %. United States Steel tariff walls The United St Studebaker, Baldwin and Chandler materials recipros should freely purchase raw uso moved to higher ground. from Canada who should nte| Some irregularity deveroped tater by buying manufactured goods of us | hut the main trend continued upward ‘The Crestor expected such reciprocity | Eastman Kodak continued {ts ad- to take place and both countries are} vance to 113. Motors moved to higher making a great mistake by trying to} ground under the leadership of Max block the natural flow of commerce. | well Motors “A” and “B" which ‘Ohio is Coming along slowly. but | gained 1% and ono point respective- surely. Of course, the agricultural | jy New Haven and Lackawanna Snterests of Ohio have suffered severe: | dropped a point each and Chesapeake the past two years, but the indus-!and Oh!o and Baltimore and Ohio ‘ries of the state are so diversified | yielded fractionally. Slight reces that Ohio has not suffered like states sions also were noted in Public Serv- further west. There, however, !s less | ice of New Jersey, Marland Ol, Call- activity in Ohio today than in New |¢ornia Petroleum and United Drug. York or New England. Ohio. how-|forejgn exchanges opened reaction: r, !x a wonderful state and has| ary, demand sterling dropping nearly some wonderful cit ° Oe a icant to $470 9:16 ana French a 4 points to 6.04 cent pping having viston, to do something I am very he long run naylvania was not deiphia, Pittsburgh, other cities are doing there seems 60 and some of the ‘ 1 —Cotton spot middling $29.75. Casper Sunday Morning Cribune 7 New York Stocks Oil Securities (By Wilson. Cranmer & Company) Allied Chemical & Dye Ti% Allis Chalmers =. 2 49% LOCAL TOCKS American Beet Sugar - 46. ou American ,Can __ _ 97% | Bessemer ~------.. 2 American Car & Foundry —___ 152 bi btepn = = American Hide & Leather pfd.70% B| Boson Wyoming asi American International Corp. - 26% | Buck, Creek ~ 23 American Locomotive - - 126% | Bionetoney air = American Smelting & Refg. -- 63%] Gransean® Salt Creek = ‘American Sugar - - 81% | Gcnonbine mae = American Sumatra Tobacco --3213 B] Consolidated Royalty. 1.39 1.41 American T, and T. Saw Glloe oO 03 American Tobacco Domino ~~ - 06 08 American Woolen ~ 103% |imkhorn oe 05 06 Anaconda Cupper E. T. Willams ---_-. .94 “96 Atchison -..-- Frantz 5.00 5.50 Atl, Gulf and W. Indi Gates — 09 11 Baldwin Locomotive - Jupiter 00% = 101 Baltimore and Ohio Kinney oCastal 39 AL Bethlehem Steel B - Lance Creek Hoyalty. 102 108 Canadian Pacific Lusk Royalty . 01 02 Centeal Leather - Mike Henry -. OL 202 Chandler Motors Mountain & Gulf 1.49 1.52 Chesapeake and Ohio Rec Bank ~ 16 118 Chicago, Mil and St. Paul --—- Picardy 02 103 Chicago, R. I. and Pac. ----_- Ruyalty & Producers. .14 15 Chino Copper --- - Sunset ---. Colarod Fuel and Iron . Tom Bell Royalty - Corn Products = Western Exploration. Crucible Steel 2 Wyo-Kan. ~~. 6 Western Of Fields Players Lasky 3 Western States — General Asphalt Y ou : ‘ Generel Electri NEW YORK CURE CLOSING General Motors Goodrich Co. Great Northern p: Illinois Central -. Inspiration Copper .-. International Harveater int, Mer Marine pfd. International Paper uvincible Of Kelly Springfie: <ennecott Copper - Loulsville and Nashville - lexican Petroleum diam! Copper -- diddle States Oil - Midvale Steel fissourl Pacific ~. New York Central - s. Y., N, H., and Hartford Jorfulk and Western - forthern Pacific )k'ahoma Prod. and Ref. racific Oil ‘an American Petroleum ‘ennsylvania *eople’s Gas ~-. Pure Oil << u Consolidated Copper teading top. Iron and Steel toyal Dutch, N. ¥. wars Roebuck ~ inclair Con Oil - outhern Pacific southern Railway sandard Oil of N udcbaker Corporation “enn Copper - exas Co. --- nd Pacific - Products - ranscontinental Oll nion Pacific tnited Reta!l Stores S. Ind, Alcohol ~ nited States Rubber ated States Steel - tah Copper - 7 stinghouse E:ectri viNys Overland ---- merican Zinc, Lead and Sm.~ 18 utte and Superior -. 33% alt Petroleum - 82 fontana Power -~~ - 1% vhattuck Arizona e yreat Northern Ore thicago Northwestern faxwell Mctors B - ronsolidated Gas \merican Linseed Oll - —_—————_ Livestock Chicago Prices. CHICAGO, Feb. 24.—(United States Yepartment of Agriculture.)—Hogs— Receipts 15,000; early steady; bulk 150 to 210-pounl averages $8.10@8.25; op $8.25; bulk 226 to 300-pound butch- 1s $7.80@s; few packing sows around hight weight pigs $7@7.50; estima- ed holdover %,600; heavweight hogs $7.75@7.95; medium $7.85@8.20; light $8.10@8.25; ight. \ght $8@8.25; pack- ing sows, smooth, $6.85@ pack: ing sows, rough $6.60@6.' killing pigs. $7.25@8. Cattle—Receipts 500; — compared with week ago: Beef steers and yearlings generally 25c to 40c higher; kinds of value to.sell at $9 or above showing most advance; Killing qual- ity mostly medium to good; extreme top atured steers’ and long yearlings n load lots $10.25; few head yearlings $10.50; beef cows and heifers gener- ally 25c higher; desirable light heifers up ore; canners and cutters strong to lsc higher; desirabto light heifers up more; canners and cutters strong [to ibe higher; bologna bulls mostly Lic to 260 higher; heavy beef bulls slow; around ‘best bologna prices; veal calves unevenly 5e to $1.50 lower; spots more; medium light and heavy vealers showing most decline; stock ers and feeders generally steady; low er grades weak. Week's bulk priczs: Beef steers $7,85@9.35; stockers ond eders 57 fat she stock @5: canners and cutters $3 veal calves $11@12.50 shi rect. | woolen ep—Receipts 2,000; mostly I. Compared with week ago: lambs generally steady; ped kinds a big 25¢ lowe fed year- \ling wethers scarce, about steady; fat |sheep strong to 10c higher; feoding jand shearing Iambs steady to stron week's extreme top fat lambs $15.40 to city butchers; closing top $15.25 to packers; bulk desirable fat woo'ed lambs $14.85@15.15; clipped kirids | mostly $11.50@12.50; best fed year. | Un, $13; bulk $12.504)13; strictly choice fat ewes up to $8.50; desirable) lightweight Kinds $7.50@8.40; heavies mostly $6@7; lambs most'y’ $14.75@15.2 Omaha Quotations | . OMAHA, Neb., Feb. 24—( . 8. De- partment of Agriculture.)—Ho; re- cetpts 11,500; market slow, 5@15c liower; bulk of sales 7.65@7.70; top | 7.85 part load. | Cattle receipts 100; compared with week ago: beef stcerg steady to 25c teeding and shearlig! Mountain Producers -$ 19.50 $ 19.75 Merritt — enrock Oil Sat Creek Prds, Salt Creek Cons. Prod. & Refrs. - Marine new - Mutual Cities Service Com. Fensland -- Mammoth Oil New York LIBERTY BOND! 318 -$101.46 First 4s - 9820 Second 4s 98.00 First 4%4s — - 98.16 Second 4%s Third 4%s - Fourth 4%s Victory 4%s ——— Crude Market Cat Creek - Mule Creek Big Muddy Osage Lance Creek - Salt Creek Rock Creek - Hamilton ~ Grass Creek -. Torchlight - Elk Basin — Greybull -. Sunburst Standard Oil Stocks NEW YORK CURB. 18 Anglo 18% Buckeye -. 90 92 Continental - 47% 48 Cumberland ~ 115 118 Galena 68% «69% Il. Pipe 168 170 Ind. Pipe - 96% «= 97% Nat'l Transit - 28% 29 \. ¥. Transit - 135 137 North. Pipe - 108 110 Ohio Ol ~~ 84% Prairie Ol! 267 Prairle Pipe -. 115 Solar Ry. - 183 Southern Pipe -~. 109 8. O. Ind. 66% S. O. Kans 85 8. O. Ky - 107 8. O. Neb. - 8. 0..N. ¥.,- S. O. Ohio Union Tank - AS Vacuum 54% 8. Penn O! 196 ————_—__—$— ee, lower; she stock mostly steady; bu'ls fully 26¢ higher; veals 50c higher; stockers and feeders steady; veal top 12.00; stockers and feeder top 7.90. sheep 25@50c higher; feeders 25@50c lower; week's fat lamb top 14.70; paid Monday; closing top 14.40; week’s ewe top 8.26; feeding lambs top 14.65. Sheep receipts 600; steady today; compared with week ago: medium and light lambs 40@50c lower; heavies fully 50@75e off; yearlings stead) Denver Prices. DENVER, Colo., Feb. 24.—Cattle— Receipts 50; market steady; beef steers $7.00@ sows and. heifers $3.50@7.00; calves $4.50@10.50; stock- ers and feeders $3.50@7.75. Hogs—Receipts 152; market steady; top "$7.80. Sheep—Receipts 250; market steady; lambs $12.75@13.75; feeder lambs $12.50@14.00; ewes $4.50@7.25 Foreign Exchange NEW YORK, Feb. 24.—Foreign ex- changes easy; quotations in cents: Great Britain demand 4.70 9-16; cables 4.70 13-16; 60 day bills on banks 4.68 6-16. France demand 6.05;| cables 6.06. Italy demand 4.81; cables j 4-811. Belgium demand 5.31; cabies | | 6.81%. Germany demand .0043% cables .0044%. Holland demand 39.62 cables 39.65. Norway demand 18.43; | Sweden demand 26.57; Denmark 19.44; Switzerland demand 18.77; Spain de- |mand 15.57; Greece demand 1.10; Po- }land demand .0021; Czecho Slovakia | demand 2.95; Argentine demand 37.50; | | Brazil demand 11.62; Montreal .98%4.| jax Seed. | DULUTH, Minn., Feb. 24.—Flax jseed close: On track 83.075; arrive }$8.02; February | $3.073 id; March | | $8.02; May $2.80% bid; July $2.70% | | bid. | ee Oil leases, real estate, owners of| Teapot townsite, Representatives | wanted. Call or write us, Teapot | Developnrent Co., 218 Midwest Bidg.,| Casper, Wyo.—Advertisement, i higher average in wheat prices pre- vailed:at the opening this morning due largely to an unexpected advance conditions. were extent counted SUNDAY, FEBRUARY 25, 1923. BANK DEBITS CONTINUE TO GAIN FEDERAL RESERVE REPORT SHOWa Bank debits for the week ending February 7, totallec, $9,908,000,000, compared with $9,238,000,000 for the preceding week. This increase rep- resents the customary swell due to first-of-month® payments. Larger fig- ures are reported for all the leading centers, except Newark, Philadelphia, Cleveland, Cincinnati and San Francisco, ‘The. largest relative increase amdunting to 32 per cent, is shown for Pittsburgh. ~ As compared with totals for the week ending February 8, 1922, debits fo rthe report week show an increase of $1,811,000.000, or about 22 per cent. This large spread is partly accounted for by the fact that in 1922 first-of-month payments were included in the preceding week, while this ‘year February 1, is included in the report week. Particularly heavy in- creases compared with last year are shown for Pittsburgh—62 per cent, and for Detroit—50 per cent. Debits to individual accounts were reported to the Federal Reserve board for banks in 252 centers of which 234 are included in the summary by federal reserve districts. Debits to Individual Accounts by Banks in Reporting Centers. Summary of Federal Reserve Districts Q Week Ending No, Centers Feb. 7, '23 Jan. 31, '23' Feb. 8, '22 (in Thousands of Dollars) Reserve District Boston - 15 544 078 480,084 457,333 New Yor! 5,330,938 4,873,119 4,255,898 Philadelphia 454,322 458,685 408 062 Cleveland -. 644,032 596,087 495.540 Richmond 284.980 255,627 224319 Atlanta 3 214,977 182 347 Chicago 1,035,598 2 917,460 St. Louis - 253,509 200.074 M'nneapclis 45,166 124,507 Kansas City 0,698 239,848, Dallas 156,439 144,419 San Francisco 8,493 448,014 Total 9,337 546 8,096,912 In the reports to iCty, Casper moved this week to eleventh position from that of the previous week which was fifteenth, the lowest in many months. A gain in debits of approximately three quarters of a milion was made over the same week a year ago. The following figures show the total debits in the various cities re- porting in th’s district: Debits to Individual Accounts by Banks in Reporting Centers. Week Ending 23 Jan. District No. 10— Atchison, Kan. Bartlesville, Okla, CASPER WYO. Cheyenne, Wyo. 23 Feb, 8, ‘22 1,101 783 Colorado Springs, Colo. —--. ~ 3; Denver. Colo. - 30,666 id, Okla, remont Neb. — Grand Island, Neb. — 1103 Grand Junction, Colo. 500 Guthrie, Okla. ~.-~. 577 Hutchnsen, Kan. 7 Ir ndence, Kan. Joplin, Mo. - 1,940 Kansas Cita. 3,262 Kansas City, 65,008 Lawrence, Kan. 883 McAlester, Okla. 822 uskogee, Ok'a. 5,516 Oklahoma’ City, Okla. — 18,145 Okmulgee, Ok'a. — 1941 Neb. 39 900 Parsons, Kaj 939 P'ttsbur 936 Pueblo 4,307 10 941 4,236 24,339 Wichita, Kan. — 8771 which remained persistent through- PENS STRONG appeared to be based largely on reduced to a minimum by disorder out the week, apparently emanating assertions that the world's. probable Crop Reports Bullish in Chi-jana financial distress. Compared with CHICAGO, Feb, 24.—Heavy selling |from the éast, pounded down the | wheat market this week in spite of ‘stubborn opposition. ‘The _ selling carry-over of wheat on July 1, would equal the pre-war average, whereas the food needs of Europe had been cago Trading, Prices Aver- | a week. ago, wheat prices this morn age Higher. ing were 1%c to 2%c own, corn off Ye to %e, oats lower %c to 1%@1%c and provisions up 2c to 22c. Contrary to expectance in some quarters, the British war debt settle- ment at Washington failed to afford any special stimulus toward higher prices for wheat, and on one day for the first time since the world -war, there were no clearances whatever of domestic wheat from Atlantic and Gulf. ports, notwithstanding an ad- vance in sterling exchange to the highest point since March, 1919. Delays to farm credit bills in Wash ington, acted as a further. depressing nfluence on wheat values, and notice was also taken of an advance in federal reserve discount rates, There were bearish reports current, too, that the Argentine government was preparing to offer financial assistance to exporters. Among the leading fac tors on the bull side of the market was the relative cheapness of wheat as compared with the general com- modity list. Chances that serious damage, to winter wheat had been done continued likewise to exert more or less of a sustaining influence on price: Declines in corn and oats were due chiefly to sympathy with wheat. Provisions reflected better Euro pean demand for lard. ——__—_ ———————————_—_————_ Silver CHICAGO, Feb. 24.—A slightly in prices at Liverpool. Reports that unfavorable for) the winter wheat crop were also to some responsible... Besides, bulls put more or less emphasis’ on the view that current prices had dis- everything bearish. The opening, which ranged from % to %c higher, with May 1.18% to 1.18% and July 114% to 14.16, was followed by a moderate reaction and then some- thing of a rally. Some buying of future deliveries here ‘was said to be on foreign ac: count. No aggressive sel!ing develop- ed, but offerings of May enlarged a bit at the last. The market closed un: settled at % net decliye to 44¢ gain, with May 117% to 117% and July 1.14%. Corn and oats were easy.as a result of liberal receipts of corn. . After opening % off to 16@%e higher, May 74% to 74%, the corn market under went a slight general. sag. Tho majority of traders were look- ing. for larger receipts next week, and the market closed heavy, %@%c to ige net lower, with May 74% to 74%. Oats.started %¢ lower to a shade advance, May 45 and later tended downward on all deliveries. Provisions reflected weakness of hog values. Wheat— 0 High co NEW YORK, Feb, 24.—Foreign May a8 1 18% 17m bar silver 64%; Mexican dollars 491%. July -=-4-1.14% 1. 1144, |——— - Sept, ---1.12% 1.12 1.12% 4 Corn— SWAN May a T4Y ~ aay weea! §=UNDERREAMERS Sept. --- .76% 16 Oats— s May 44M July 43% |Sept. --- 42 ADM Lard— May July Ribs— May July Cash Grains. CHICAGO, Feb. 24.—Wheat—No. red $1.29; No. 2 hard $1.19 Corn—No. mixed 73\%c; yellow 73% @Tic. Oats—No. 2 white 45@46%c; No. white 44@44%4c. Rye—No. 2, 84%c. Barley—67@71c. Timothy seed—$5.90@6.50. Clover seed—$13.50@20.50, Pork—Nominal. Lard—$11.45, Ribs—$10.12@11.12, No. Surveying aud Locations Geologists Oil Experts Oil Field Maps, Blue Prints WYOMING MAP AND BLUE PRINT CO. P. O. Box 325 Room 10, Daly Bldg. “Dom of Can., 5%s per cent. notes, 1920 ---_-- French Republic, 7s — Kingdom of Belgium, 7148 Kingdom of Belgium, 68° =. Kingdom of Norway, 88 U. K. of G, B, & 1, 5% U. K. of G. BL & L., 5%8, 1937 ~ American Sugar, 68 American Telephone and Telegraph cv 6s — American Telephone and ‘Telegraph col tr, Armour and Co., 4448 - Baltimore and Ohio cv., gis - Bethiehem Steel ref., 58 -. Bethlehem Steel p. m., 5s Canadian Pacific deb. Chi, Burl & Quincy rei Chi. Bil. St. Paul ev., 4%s Goodyear Tire’ 8s, 1931 — Goodyear Tire, 8s, 1941 Grand Trunk Ry. of Can, 7s ----. Grand Trunk Ry. of Can., 6s -- Great Northern, 7s A Great Northern 5 1-35 Mo. Kan. & Texas new, adj., bs A Missouri Pacific gen. 4s Montana Power, 6s A -. New York Central deb 6s. - Northern Pacific pr. lien 4s Oregon Short Line gtd. 5s ctfs ._. Oregon Short Line ref., 4s Pacific Gas and Electric 58 Penn. R. R. Gen., Penn. R. R. gen., Reading Gen.,, 4s Union Pacific first 48 — U. S$. Rubber 7s - U, S. Rubber, 5s Utah Power and Light, 5s — Western Union, 6%s Westinghouse Electric, | french Republic, 88 —_ | 101% 10114 96% 96 - 93% 93% - 991g 99% 98% 98 98% 98% - 116 115% - 10414 104% 102% 102 116 115% 98% 28% 88 STtg 80% 80% 93% 933% 895% 89% 8044 80 9935 99% 66% 66% 104% 104 116% 116% 114% 114 114% ~ 104% 104% 104% 109% = 109 109% 101% = 100%) 101% 62% 61% 62 61% 61 61% 98% 98 98% 104 103% = 104 8445 84% 84% 102% = 102% 102% 9345 93 93% 914 91 91% 109% = «10945 109% 103% 103 103% 85% 85% 92% 92% 108 108 108 88% 83 8845 91% 90 91% 110 109% 110 - 108% 108 108% MANY FACTORS CONTRIBUTE TO STOCK MARKET IMPROVEMENT i NEW YORK, Feb, 24.—With the exception of only a few minor inter- ruptions the bull movement held throughout the week with stocks averaging a new high for the year with some of the industrials reach- ng the highest point since the spring of 1920. The upswing was not so pronounced in the bond market. Rising commodity prices, a flood of additional earnings reports show- ng marked improvement in all basic ndustries over conditions at this time ast year and another series of favor- able dividend announcements fur nished the basis for the rise in stock prices. Public participation was more extensive, but the bulk of the trading was still in professional hands. Sales of copper metal between 16 and 16%c a pound, the highest prices since 1920, drew attention to the cop- per shares nearly all of which reg: stered new high records for the year. Sugar issues, which became reaction- ary following the break in the raw sugar market last week, started up- ward in response to higher prices for the raw and refined products. Oil shares also strengthened on higher crude of! and gasoline prices. Gy Indications of a record daily aver- age of pig iron production in Febru- ‘ry, combined with higher prices for ‘inished steel products and reports that many steel mil's had withdrawn ‘rom the market as sellers of steel, nduced buying of the independent steel shares. Automobile shares made a quick response to reports of record groduction for this season of he year. Rubber shares were also nelined to stiffen on rumors of high- er tire prices. Speculative expecta- Mon of unusually favorable January earnings statements was noted in the railroad group, several dividend pay- ing issues registering excellent gains. Louisville and Nashville was one of he most prominent, gaining approx-| 7! mately 10 points, buying being influ- need by reports that the interestate commerce commission would soon hand down a-favorable decision on the road's application to increase the capital stock from $72,000,000 to $125,- 000,000 permitting the declaration of a stock ‘dividend. * Public’ utility, merchandising, food) tobacco, chemical, textile and equip. ment shares also had intervals of strength. Shippings were the only noticeable weak spot, falling back slowly when it became apparent that the ship subsidy bill was doom- ed to defeat. : While developmentas abroad ap- parently have ceased to be stock mar. ket factors, the establishment of a} i new high record for sterling at $4.72, only three cents below the “pessed | ewt.; whites, NEW, YORK, closed easy; approximate sales 40,000 The market for refined was unsettled with prices reduced “points by one of the local refiners to the basis of 8.75 for fine granulated. Others, however, remained at nine reported that sugar was available in second hand quar- ters at below refiner: tons. cents but jt was 8 per cent. rate” during the war, and within fif- teen cents of par, aroused widespread interest, Potatoes CHICAGO, Feb. 24.—Potatoes slight- ly weaker; receipts 49 cars; total Uni- ted States shipments 854; Wisconsin sacked round whites 90@$1.05 cwt. dusties $1.05@1.15 cwt.; bulk $1@1.15 $1.65@ 1.75 cwt; branded $1.90 cwt.; Minne- sota and North Dakota sacked round small, poor quality 92%c ewt. Idaho sacked Russets Sugar Feb. quotations, a LIST YOUR OIL LEASES, Oil Per- mits and Royalties with Wyoming's largest Lease Dealing firm. Prepare for spring business now. sell your lease unless we know about it. Ask for Christy. TEAPOT DEVELOPMENT CO., Suite 218 Midwest Bidg. Casper, Wyoming pvr canal § Ui diag a Reserve Bank Ratio Advanced. The federal Reserve system’s ratio advanced on Saturday from 75.4 to The New York Reserve bank’s‘ratio advanced from 74.9 to 75 per cent. 8 SWA AT SUPPL (eye MILK REPORT MONTH OF FEBRUARY Murphy Bros. Vroman Kelly Carlson Reasoner Coates McFarland Pathfinder, Feb. 15. | Casper Dairy Raw Milk Passing Inspection Elkhorn Dairy - Wheeler Kerr Speckless Dairy Beggs Holroyd Tyler Pasteurized Milk Passing Inspection Gilt Edge ' Lander Dairy Pasteurized Milk Failing to Pass Inspection Pathfinder, February 13, G. R. DAFOE Dairy and Food Inspector. 24-—Sugar We cannot wath in ; ee