Casper Daily Tribune Newspaper, April 16, 1923, Page 7

MONDAY, APRIL 16, 1923. U.S. ROYALTIES TAKE Oil -« Finance -; BIG JUMP IN MONTH Total of $717,105 Paid Over by Sinclair For Production Is Larger January Than Previous Month With Larger Output Revenues received by alties in the Salt Creek the federal government from roy- field amounted to $717,105 during the month of January under its new contract with the Sin- clair interests for purchase to the receiver of the United Wyo., and offers an interestin ceipts from the same source. During December, it is receipts aggregated $519," production ated, total 790, although government lands for this mo! totalled 2,195,394 barrels. The Sinclair contract for purchase of the crude on the Mid- continent price basis went into effect the first of the year and although production fromm federal lands totalled 1,863,284 barrels, from or 332,110 barrels of this crude. Payment was made States land office a Douglas, g comparison with former re- less than the preceding month, the government revenues were $197,315 in excess of December. Revenues for the short month of February are expected to total over $800,000 and production during month it is believed, will sent the royalty returns over the $1,000,000. Tue state of Wyoming receives a substantial share of this month for roads and school Midwest Starting New Test Well in Southern District Preparations for the spudding in of a new test well on the San MI- guel structure near Grants, north- western New Mexico, are being made by the Midwest Refining company and drilling is expected to start in 2 few days. On the Boundary Butte structure in southeastern Utah the Midwest also has taken over a joint test for a number of Midwest in- terests. On the Hoback structure the com pany is down 783 feet with its 2 test, which found the first sand Cry. Oll and water were found in the second sand tn No. 1 well and pro. duction possibilities of the field are now confined to the third sand where No. 2 test will be completed. Other tests of the “Four States” region are being made by the Pro- ducers and Refiners corporation which {s starting two wells {n north. eastern Nek Mexico. Scouts for the Ohio company also have been in the Ce looking for llkely places to b Market Gossip On Operation and Briefs s in Oil Fields Kinney Coastal Operations. Kinney-Coastal Oi] company is cleaning out its deep test well at 2,375 foet in section 4 of the Bolton Creek of] field, south of Casper, some trouble having been experienced with caving. Several wells in the| field have been placed on pump. | Well No. 13-A of the same com- pany on section 24-39-79 is waiting for cement to set at 2,565 feet, and} well No. 19-A on section 19-39-78 ts/ Grilling at 2,500 feet. | | Texas to Take Over Leases. A deal whereby the Texas company Ried to take over the Good and lutting leases in the Lost Soldier id hingas upon tests now being made of two wells on this property. If the tests are satisfactory to the ‘Texas company it is understood that the concern will undertake develop- ment of the holdings. Hale Dome Well Abandoned. Union Oil company of California has abandoned its test of the Hale Dome In northern Wyoming after striking water at 1.750 feet in the Embar sand. New Operator in State The Ute Petroleum Company has cquired 2300 acres on the Bull Creel: tructure in northeastern Wyoming and H. C. Stiles of Casper has con- tracted to drill on the tract in the near future. The structure is a per fect closed dome at the north end of the Black Hills. The Muddy sand is ‘expected at about 350 . the Da- kta at about 6.0, the ta at near 750, and the Sundance at about 1050. The Ute's newly acquired acreage covers the crest of the structure, and the contract with Stiles calls for the starting of a ten-Inch hole before the tirgt of July. ‘The Carter Of! company ts building rig for a test on the northwest corner of the northeast suarter of section 5-39-78 in the Salt Creek field. The well {s known as Duncan No. 5. The Billy Creek well, Hesse No. 1 is making satisfactory progress and is Grilling at 2,210 feet this morning. Continefital Producing company's Bradley No. 2 in the Salt Creek fleld, on the southeast quarter of section 19-40-78, is drilling at 1,235 feet. “SOULS FOR SALE” FILM ALMOST PROVED TRAGIC; COMING 10 THE AMERICA; Some thrilling—and almost tragic) —tinoidents, which the movie-going public will never be privileged to) witness, occurred during the filming of Rupert Hughes’ stirring story of movie life, “Souls for Sale,” which will play at the America Theater Tuesday, Wednesday, Thursday and Friday. No less than four accidents hap- pened to mar the smooth course of producing the movie which is de scribed as one of the screens great- est thrill-producers. First, Eleanor Boerdman, who plays the part of Remember Steddon, ‘was severely bitten by a vicious SWAN UNDERREAMERS AT YOUR SUPPLY STORE camel, while out on the desert mak- ing the scenes which open the pic- ture. Part of her work was riding the camel, which turned out to be ill-natured. | Production was so ar ranged as to get along without Miss Boardman for a week, while she healed her worn nerves and lacer- ated arm. Two other principals were involv ed in m'shaps. Carmelita Geraghty a member of the motion picture was practic!ng some aerial work. Her foot slipped, and she fell nearly twenty feet to the stage be low. Fortunately, she fell on a mat, and escaped without broken bones. The next day, Mae Busch, who im- Personated Robina Teele, was struck by an automobile in front of her apartment in Hollywood. She had just read of the death of Wallace ‘Reid, with whose wife Mae is very friendly, and it was her agitation at the news that interferred with her accident. She was severely bruised asual watchfulness, and caused the and shaken, and laid up for two week: Frank Mayo, who plays the role of the motion picture leading man, had _a very dad attack of Klieg eyes. caused by work!ng under the power ful lights. He was incapacitated for a week, and it was feared for a time that his sight might be permanently impaired. And finally, Harry Oliver, an in terior decorator working on the sets | for the picture, hapened to be in the way when a heavy dome Iight fell from aloft, knocking him uncon- j scious but causing no serlous injury. a BRivcerorT THE PIPE FOLLOWS ASK THE To Serve You HILL CREST WATER If the Mediterranean should races Italy ate to the extent of 500 feet would be joined to Africa. WAITER - Bonds | has | New York Stocks Allied Chemical & ot Allis Chalmers pes cesses Beet Sugar --------_ Can --..---—-—-—- Car & Foundry ---- Hide & Leather pfd. International Corp - Locomotive -------. Smelting & Refg -- 59 | 30% | 134% | 625% 80% 30 123 | 154% | 100 | 49% ~- 101% 27% 139% 52 65 152% 344% 70% Th 22 33 27% 28%4 - 126% American American American American American American American American Woolen Anaconda Copper AtchiBOn |... ees encscee AtL, Gulf andi W. Indies Baldwin Locomotive Baltimore and Ohio ---------.- Bethlehem Steel B ----.---. Canadian Pacifio -. Central Leather Chandler Motors “hesapeake and Ohio thicago, Mil. and St. Paul thicag, R. I. and Pac. -. chino Copper Yolorado Fuel and Iron Corn Products Crucible Stee! Famous Players Lasky General Asphalt - General Electria General Motors Goodrich Co. eat Norttern pfd. -. Mtinots Central Inspiration Copper --. International Harvester Int. Mer Marine pfd. -------- International Paper -. Invincible Olt Kelly Springfield Tire “Sennecott Copper Louisville and Nashville Mexican Petroloum - Miami Copper --. " Middle States O! 11% Midvale Steel od Missouri Pacific --—-—. New York Central N. ¥., N, H., ands Hartford Norfolk and Western Narthern Pacific — Oklahoma Prod. and Ref. Pacific Olt = Pan American Petroleum Penns People Pure Oil +. — Ray Consolidated Copper ding -- Rep. Iron and Steel -------- Royal Dutch, N. ¥. -.-. Sears Roebuck -. Sinclair Con Ol Pacific Standard Oi) of N, J. ---------- Studebaker Corporation Tennessee Copper --.------. Texas Co. Texas and Pacific ---—-——. Tobacco Products ‘Transcontinental Union Pacific United Retail Stores U. S. Ind. Alcohol ------------ 67% United States Rubber -.-.. bie ‘Ipited States Steel -- 106% Utah Copper crarnennee = 7088 | Westinghouse Electric ------- 68% Willys Over'and ----—------- 7% American Zinc. Lead and 8m.- 15% Butte and Superior -..------- 31% Caia Petroleum --.--------—- 92% Montana Power -------------- 68 Graect Northern Ore ----—--. 31% Chicago Northwestern -. Maxwell Motors B Consolifated Gas - American Linseed Oll Cosden - NT Seas 16% 16% Buckeye - 89 90 Cumberland 3 13 Galena. 69 Ulinols 166 Indiana 102 Nat, Tran. 25% N, Y, Tran. ——--—. 183 Nor. Pipe eomrecmewenn 109 Ohio Ol % Prairie Of -. 221 Prairie Pipe ----—---- 109 110 Solar Ref. ----------- 190 200 Sou. Pipe ---. 112 S. 0. Kan. 48 S. 0. Ky. 95 8. O. Neb. 235 8, OS NN arcoeem 44 8.0. OR10 amen nn 307 Vacuum 50% 8, P. OW -. ——— 160 161 BO, Inds (acceccemense C8. GS COAST STATE GOVERNOR OTANDS FAST AGAINST PARDONING CRIMINALS SACRAMENTO, Cal., April 16. — (United Press}—Governor Richardson reiterated his stand against pardoning criminals sentenced to death. He served notice on the “sob sis ters of Callfornia” that they will “only be wasting their time and en- ergy” in seeking commutation of the sentence of Lawrence C. Campbell, aged 19, convicted in Imperial county (3%s | Pure of murdering Lesiie Nicole, San Franciscco insurance adjuster. Campbell, who is from Detroit, Mich., was sentenced to be hanged at San Quentin state penitentiary, June 22. The governor took occasion to af- firm his belief in capital punishment saying he “wished every woman in California would get out and work for it” Che Carver Daily Tribune Boston Wyo! owen. Buck Creek penleneet Burke —aaaee eccese= *: Black Stone Balt Chappell : Columbine a Consolidated Royalty. 1.47 Capital Pete — .._.. Cow Gulch Domino Etkhorn E. T. Frantz Gates Kinney Jupiter _. = Kinney Coastal Mountain & Gulr _ = 00% 01 T.oyalty Mike Henry . Mountain & Guilt Outwest ______ New York Ot Red Bank Picardy __ Royalty & Sunser _ Tom Pei Western Exploratian_ 2.85 Wyo-Kans Western Producers 38 Mountain Producers -§ 17.00 § 17.12 Glenrock Oil - 11.06 Salt Creek Pras. 23.00 Salt Creek Con: 12.12 Marine 6.50 Mutual 12.87 63.50 168.00 Mammoth OU 60.00 | New York Oil 15.00 Second’ 4s First 4%s Second 4% Third 4% Fourth 4\%s Muddy Hemilton Grass Creek Torehilght Elk Basin Greybull Sunburst -~---------—-..------—— a Livestock Chicago Prices. CHICAGO, Apri] 16.—({U. 8. Depart- ment of Agriculture.) — Hogs—Re ceipts, 49,000; 10c to 150 higher; 160 to 225 pound averages, $8.45@8.60; 240 to 350 pound butchers, $8.10@ 8.35; packing sows and pigs about steady; bulk packing sows, $7.00@ 7.25; desirable 100 to 130 pound pigs, $7.00@7.65; heavyweight hogs, $7.95@ 8.40; medium, $8.30@8.55; light, $8.20 @8.60; ight Hght, $7.10@8.60; pack- ing sows, smooth, $7.00@7.35; pack ing sows, rough, $6.75@7.00; killing pigs, $6.50@7.75. Cattle—Receipts, 21,000; fairly ac tive; beef steers, generally steady; spots, weak to lower on in-between grades, heavy steers and yearlings; top heavy steers, $10.75; best year lings, 9.75; bulk beef steers, $8.40@ 9.60; several loads desirable beef heif. ers, higher conditioned heavy steers, proportion scarce; kill ing quality, medium to good; bulls, strong; other classes, generally steady; stockers and feeders, slow; bulk desirable bologna bulls, around $5.00; bulk vealers to packers, $7.00@ 8.00; few upward to $9.00 to shippers; canners and cutters of doubtful health rather sharply discounted bulk stockers and feeders, $7.65@7.75. Sheep — Receipts, 20,000; slow, around steady; early top, $14.50 for four loads wooled lambs to packers clipped lambs,, mostly $11.00@11.25, with one load choice description up to $11.60; three loads 77 pound fall) clipped lambs, 2.00; about 1,000; heavy shorn lambs, $10.00 for export; sheep, around steady; one deck me- dium wooled ewes, $8.50. Omaha Quotations. OMAHA, Neb., April 16.—(U. 8. De partment of Agriculture.}—Hogs—Re- | ceipts, 11,000; active, 5@10c highe: packing grades, steady; bulk packing | sows, $7.00; stags, mostly $6.00; bulk) butcher hogs, $7.95@8.00; long strings | top, $8.05. Cattle—Receipts, 6,5 steady to 1l0c higher; bulk, $7.75 @8.75; $9. other killing classes, ulks follow: Cows, $5.00@ top, $7.50; heifers, $5.50@7.50; early top, $8.25; canners and cutters, $3.25@4.00; bologna bulls, $4.25@4. veal top, $8.50; stockers and feeders, steady to 2c lower; medium and common kinds showing declines; bulk, $7.35@7.75; best held at $8.00. Sheep—Receipts, 12,000; all classes steady; wooled lambs, $14.15@14.25; fed clipped, $10.85@11.00; best held at $11.25; California spring lambs held at $14.50; best ewes included, ; beef steers, $8.00; shorn ewes, $7.25; shearing lambs, $13.85. Denver Prices. DENVER, Colo., April 16.—Cattle— Reeipts, 2,800; market steady; beet steers, $7.00@9.25; cows and heifers, $4.50@8.00; calves, $4.50@12.00; stock- ers and feeders, $6.50@8.00. Hogs — Receipts, 1,500; market steady to 10c higher; top, $8.30; bulk, $7.80@7.95. Rheon— Desainta @50K mryplad [STILL FIRM) © SHOW SPREAD General Motors Buying Fea- tures Trading in Early Afternoon. NEW YORK. April 16.—Specula tive expectation of a cut in mid-con tinent crude oll prices prompted fur ther selling of the ofl shares in to day’s relatively dull stock when ca money rates hardened but there wa: comparatively little tion. forced | liquida NEW YORK, April 16—Prices continued to rise at the opening of today’s stock market in response to dditional reports of prosperity con a’ned in week-end trade reviews an? irnings statements of indivdual com anies. A good initial demand was noted for oil, steel and automotive shares. Trading in rails was mor rctive than a moderate gain bein recorded by Union Pacific. Ann Arbor preferred led the early vance tn rails with a gain of 1% *t. Paul preferred advanced a point ‘anadian Pacific % and Iilino!s Cen ral %. Stewart Warner speedometer vas pushed up 2% points and West orn Union, while gains of 1 to 1% vere recorded by Air Reduction, Uta! Seourities, Kayser Silk, U. 8. Realty nd Reynolds Spring. Pan-Americar \ and B were the only outstandin: weak spots, dropping two points each Foreign exchanges opened easier, De- mand sterling ylelded % of a cent tc 4.65%, and French francs slippe ack one point to 6.65 cents. Speculative selling operations in the Pan-American issues had a re straining effect on trading but fafled develop sympathetic weakness in any of the other olls except In Mar. ‘and and Pacific, each of which lropped a point. Publio utility, food ndependent steel’ and automotive shares enjoyed the best advances but in general, price flunctuations were rather narrow. Among the few out standing strong spots were Hupp Motors, Corn Products, Postum Cereal, Colorado Fuel, Iron Products, Sloss Scheffield, Crucible and Gen eral Electric, all up one to two pointe. Call money opened at 4% per cent. Buying of enormous amounts of General Motors featured the early af. ternoon dealings. One block of 20,000 shares changed hands at 16 after which the price touched 16%, the highest of the year. Dupont, whic! owns a huge quantity of General Motors stock, was buoyant, climbing 3% to 181, a new top figure. Little variation occurred in the prices of the usual speculative favorites which were however, well maintained, de- spite the stiffening of the call money rate to 5% per cent. The closing was heavy, speculative operations on the eelling side were resumed in the late dealings when call money was marked up to six per cent. Losses of one to twc points were recorded in the ofl group with somewhat smaller recessions in other popular industrials. SESE ASE Foreign Exchange NEW YORK, April 16.—Yoreign exchanges easy; quotations in cents: Great Britain demand 4.65, cables 4.65%, 60 day bills on banks 4.62%; France demand 6.65, cables 6.65% Italy demand 4.95%, cables 4.96; Bel sium demand 5.75, cables 5.75%; Ger many demand .0047, cables .0047%; Holland demand 39.10, cables 39.12 Norway mand 17.91; Sweden de mand 26.68; Denmark demand 18.83. Switzerland demand 18.14; Spain de mand 15.35; Greece demand 1.16 la demand 2.98; Argentine demand 36.75 Brazil demand 11.05; Montreal 97%. (Hie So Money NEW YORK, April 16.—Call money strong; high 6 low 4%; ruling rate 4%; closing bid 5; offered at 5% last loan 5; call loans against accept ances 4; time loans easier; mixed col lateral 60-90 days 6%@5%; 4-6 months 5%@5%; prime commercial paper 5@6%. Metals NEW YORK, April 16.—Copper easy; electrolytic spot and future. 11@17\c. Tin easy; spot and futures, $46.00@ 46.12. Iron steady; No. 1 northern, 31.00@ 82.00; No. 2 northern, $20.00@31.00 No. 2 southern, $27.00@28.00. Lead steady; spot, $8.20@' Zinc easy; East St. Lout nearby delivery, $7.40@7.42. Antimony spot, $8.50. spot and Sugar NEW YORK, April 16.—Sugar fu- tures closed firm; approximate sales, 3,200 to May, $5.97; July $6.17; Bept., $6.81; Dec, $5.99. There were no changes in refined sugar and business was light with fine granulated list at $9.20@9.40. Come to the auction Friday after- noon if you want to buy anything or 4 you have anything to sell. Let us sell it for you. We charge 15 cen on the dollar. 367 S. Ash. Phone 1660. steady to strong; feeder lambs, P5ALL 8.50, lambs, $12.75@18.90; $12.75@13.65; ewes, Wide Fluctuations Feature Trading; Closing Prices Are Weaker. CHICAGO, April 16.—Wheat today opened with July delivery at a new high price r®cord for the season, but active selling soon brought about a Jecided downturn of values, The nitial advance was ascribed to higher juotations at Liverpool and to re- porta of continued unfavorable domes- le crop conditions southwest and west. The selling which developed xppeared to be chiefly in the nature of profit-taking and to be due to bet- er wea‘her prospects northwest. The »pening, which ranged from %o to %c higher, with May $1.26% to $1.27 nd July $1.24% to $1.24%, was fol- »wed by a setback all around to well low Saturday's finish, Subsequently, announcement of the 3upreme Court decision regarding the srain futures act was construed by ome traders as cearish, and the mar set continued to decline in ths lat ealings. Prices closed unsettle %e to 2%c net lower; with Ma. 1.24% @1.24% and July 1.21% @1.2 Corn and oats weakened with vheat. After opening unchanged to sc higher, May 8c to 81%c, the corn varket underwent a decided genera! sag. No important rally took place. The ose was unsettled, 1@1l%c to l&c vet lower, May 79¢ to 79%c. Oats started at %4c decline to a Ike .dvance, May 46c to 46%. Later, all months showed something of a loss. Provisions lacked support. High Low 27 1.28% 1.24% 1.21% 1.23 1.19% 51% 678% CTD 82% = 80% 80% 82% «6.81% 81% AB 4B 45% AT AC 46M 46 AMM 44% May —-1147 11,47 11.40 11.40 July -—11.67 11.70 11.57 11.62 Ribs— 10.15 10.37 Cash Grains, CHICAGO, April 16.—Wheat—No. red, $1.33; No. 2 hard, $1.26@1.27. Corn—No. 2 mixed, 80% @81%0; No yellow, 81% @82c. Oats—No. 2 white, 46% @47gc; No. white, 45% @46%e. Rye—No. 2, 87@87%e. Barley—68@14c. Timothy seed—$5.00@6.50. Clover seed—$13.50@18.50. Pork—Nominal. Lard—$11.37, Ribs—$9.75@10.75. Butter and Eggs CHICAGO, April 16.—Butter highe: creamery extras, 46c; standards, 4\ extra firsts, 45@45%c; firsts, 444%@ 44%c; meconds, 43@44c. Egss higher; recetpts, 36,855 cases; firsts, 26%@27c; ordinary firsts, 24% @25c; miscellaneous, 26@26%c; storage pack extras, 29c; storage pack firsts, 28%c. Potatoes CHICAGO, April 16.—Potatoes firm; receipts, 189 cars; total United States shipment, 928; Wisconsin sacked and bulk round whites, $1.40@1.60 cwt.; Minnesota sacked white, $1.30 cwt.; Minnesota sacked Red River Ohios, $1.15@1.25 ocwt.; Montana sacked Russets, $2.00@2.25 cwt.; Michigan ulk round wh! $1.35 cwt. | Cotton NEW YORK, April 16.—Cotton ‘pot, quiet; middling, $28.25, MONEY— Geo. Massee Sues Wife for Divorce George S. Massee, former sheriff of Natrona county, is suing his wife Flora J. Massee, for divorce, cord ng to a suit filed today in the clerk of the court's office, The plaintiff lleges that his wife has refused to ve with him as the grounds for the ut, The couple were married Sep ember 7, 1903, at Grand Rapids, Mich. Ida L. King has also instituted suit for divorce against Ellis H. og on the grounds of cruelty. The cou ple were married January 17, 1917, at Marshall, Mo. $20,000 Apartment Will Be Erected Keeping pace with the buflding boom in Casper, U. 8. Miller filed a permit with the city engineer this morning for a $20,000 apartment | house to be erected on CY avenuo at Elm street. The structure will be of brick and will be equipped with the most modern conveniences. ae The Afghan ‘s bathed at birth, at Imarriage, and at death, and that is all - Stocks -:- Grains -:- Livestock -:- All Markets PAGE SEVEN. Dom, of Can., 5%e per cent notes, 1920 —_____. Brench Repub! french Republic, 74s — Kingdom of Belgium, 74s Kingdom of Belgium, 6s Kingdom of Norway, U. K, of G. B. & Li 54 U. K. of G. B. & L., 5% American Sugar 6s American Tel and el. cv 68 American Tel, and Tel. Co., 448 col. tr., Armour and Baltimore anc Ohio cv., Bethlehem Steel ref., 58 Bethlehem Steel p. m. 5s Canadian Pacific deb., Se Chicago, Burling’on and Quincy ref., 5s A ~—. Malwaukee and St Paul ccv Chicago, Goodyear Tire, 8s, 1931 1941 of Ca of Can. Goodyear Tire 88, Grand Trunk Ry Grand Trunk Ry Great Northern 7 A Great Northern 5 1-s B Mo. Kan. and Texas new adj Missouri Pacific gen., 4s Montana Power 58 A New York Central deb., 68 — Northern Pacific pr. lien 4s Oregon Short Line ref., 4s -. Pacific Ges and Blectric 68 Penn. R. R. Gen., 6%8 Penn. R. R. Gen., 58 - Reading gen., 4s Sinclair Ol Co., THs -- Standard Ol of Cal., de Union Pacific first 4s U. 8. Rubber, 7s U. 8. Rubber, 68 Utah Power and Light 5s - Westinghouse Electric 7s -- 101% 985% 94% 101 101 101 98% 943% 100% 97% 114% 4% IMMEDIATE QUTLOOK 15 BEST IN YEARS, ROGER BABSON oAYS Virtually No Unemployment Shown on Babson Chart Where 4,000,000 Were Out of Work a Year Ago; American Business has Waked Up. WELLESLEY HILLS, Mass is very optimistic on the immediate outlook. , April 16.—-Roger W. Babson Since return- ing from his inspection trip, he has been going through the mass of reports and figures which accumulated on his desk during his absence. Th aging than he had anticipated. “American business has certainly; waked up!’ according to the statisti} clan. “The Babsonchart showed) nearly 4,000,000 men out of employ: went a year ago. Today it shows practically no unemployment. Where the blast furnaces were then being anked—new furnaces are now being started and premiums are being paid for prompt steel deliveries. The cop- per industry is showing activity for the first time for several years and many of the miners have been given a wage increase of 60 cents a@ day. Building is still booming and the 1923} figures will exceed any previous year, notwithstanding the big volume of 1922. “The most remarkable change in These statistics are even more encour- indulging in this luxury, she must eat and live. Hence, France and Ger- many are again buying goods in America, as the export figures to be issued shortly by the department of commerce will clearly show. How long this situation will fast no one can tell; but it is helping us here in tho United States. “Spring business {s also being in- creased by the belfet that congress will not be in session again until De- cember and then for only a short ses- sion. Whatever the motives of our politicians may be, the fact remains that they are a great drag on the prosperity of America. Under our present system of government the only reason we have any prosperity sentiment I find right at home here/{s because of our tremendous natural in New England. A year ago the (resources. Our forests, mines, fertile mils were cutting wages and great/|fields, and other great gifts of God numbers of workers were out onlenables us to afford to indulge in strike. Today the mills are working factional legisiation and political log- overtime and the largest concerns are'rolling as a pastime. Hence, when we advancing wages. Of course, this is;cease this selfish game for nine ‘an unhealthy sign for the long pull/months, business almost always piles because it is due only to the artificial| up. Certainly this is one of the chief barrier on {mmigration. On the other|causes for optimism today. hand, increased wa are a great} “I am very hopeful for immediate temporary stimulus to trade. The) business,” concluded Mr. Babson, “as purchasing power of many cities !s/the robins come back and the trees simply the total of these cities’ pay-| leaf out business will be good, and all rolls, Increasing wages in New Eng:/of us prosperous. I only add—let us land’s mills of 12% per cent, increases|he sure not to abuse this prosperity. the purchasing power of the commu: nities to almost a corresponding | amount. This means that these man-| ufacturing centers will—during 1923—| be the best p'aces to send salesmen, because most wage-workers spend all| they get. Moreover, such salesmen ghould be sent to these cities at once, | hecause the present boom can not be} long lived. It is not based on a firm foundation. Many of these men now getting an increase in their wages wi!) be out of work before 1924 is ended. “While coming north last week from my winter home at Mountain Lake in the beautiful Ridge Lake Sec tion of Florida I saw cotton being planted in Georgia. It is evident that the south is very happy with the pres- ent price of cotton and that a larger acreage will be planted ‘n 1923. Corn planting has started in the southwest and the seeding of oats {# seen throughout the south and southwest Winter wheat, doubtless, was kiled to some extent last month In Illinois, In diana, Missour! and Kentucky; but these fields will soon be rep'anted— for even the farmer is feeling better than he has felt for some years in| spite of the fact that he is not yet out of the woods. His great difficulty was that the price of what he had to| sell went down so much more than| he price of what he had to buy. What the farmer wants {s higher produce prices or lower merchandise prices. Now to have merchandise prices go up still higher in 1923 as everything indicates will be the case, the farmers, must get higher prices for thelr 1923] crops or else there surely will be an-| other collapse in 1934, We can not get good business by disregarding either the Multiplication Table or the Ten Commandments. | “The Ruhr Invasion ts also help- ing spring business over here in America. For the first time in history except during the Great World War —we are shipping coke to France and Germany. Japan, which had ordered great amounts of steel from Ruhr mills, is now turning to the United States. Europe, which last year had turned again to production, is now busy playing politics and watching the exhibitoin of a war pageant staged ‘n the Ruhr valley. While Europe is) or the Babsonchart, which now stands at 4 per cent above normal, will quick- ly drop back.” od Flax Seed. Minn., April 16.—Clos- May, $3.25 bid; July, DULUTH, ing flax seed: $3.12 asked. SWAN UNDERREAMERS £ AT YOUR SUPPLY STORE BRivéeerorTt ‘LOSE NO CUTTERS Surveying aud Locations logists Oil Experts Oil Field Maps, Blue Prints WYOMING MAP AND BLUE PRINT CO. P. O. Box 325 Room 10, Daly Bldg. make 30-day mill shipment on new pipe. Have all sizes and weights A-1 used casing. Several strings Standard drilling tools, also Stars and Na- tionals. New Star outfits on liberal terms. J. C. Rob- erts, Hotel Henning.