Casper Daily Tribune Newspaper, May 7, 1923, Page 8

a) ombedae i tml tase ’ wan ene PAGE EIGHT a ' Setatistician Declares That Five Hundred Million Dol- lars Is Lost Every }WELLESLEY HILLS, Mass., May a{—“Highty out of every hundred Dew concerns are doomed to fail be- Tere they start” according to a state- “ment issued today by Roger W. Bab- Ben who has just returned from a Your of inspection “Everywhere I go," says Mr. Bab- “people ask me to look at their of ‘investments’ and {t is us- depressing business. I do not Know why men who are keen in bus!- Sess, who work hard to earn and save, will turn thelr saving over to “@ comparative stranger or ‘invest’ in a stock or bond that they little or nothing about—nor awh men of means who should be #omewhate experienced in matters of Investment insist on buying promo- Zion stocks. = “A recent investigation made by my associates shows that eighty out ff every hundred concerns g0 through at least one re-organization. This means a loss and possibly an assessment for all stockholCers. The gman who buys promotion stocks — the’ stockw of concerns not yet estab- lished on a paying basis—therefore dg eight chances out of ten to lose, ue two chances of ten to maintain Ws mike on 1 a Them ow any money. These stocks ehenld only be bought by those who! realize these facts and’ who can af- {ola to lose. SStocks and bonds of questionable ~dlue cost the Amerioan public about $500,000,000 a year—end the bill is yaid by those who can ill afford to pay it. “ ‘Get-rich-quick—take @ chance— jumbus did!’ arguments of the typi- * -by-night stock promoter ap- Saale to “the cupidity of the average "man who does not stop to reason as jhe would if he were doing anything Sbut investing his money. He does not Seem to realizo that if the proposi- tion were such a sure-fire millionaire maker as it seema, that there would be no necessity for ped@ing it out INVESTIGATE BEFORE. YOU INVEST-BABSON Sequity and !ess than half that to} Year by Buyers of Bad Securities in small lots to raise the necessary mone yto go ahead. “I feel so keenly about this mat- ter,” continued Mr. Babson, “that I am going to risk repeating several things that have been sald before. If you are making an investment—be it a hundred or several hundred dollars —be sure of the man and the firm to whom you turn over your money. It 1s a good plan to deal with only the most reputable houses, When in |doubt ask your banker. He will give you an unbiased report. If there is |any question as to standing or record jon't do itt | “In selecting securities for sate in- |vestment, buy stocks and boncis of Jestablished businesses, preferably |those which have been through years of existence and have managed to | survive all sorts of business weather. |I¢ you must specutate, there are sev- |eral hundred listed stocks of such jconcerns traded in on the stock ex- |changes. Buy securities of known and recognized value. When you are se- lecting bonds for income, you have several thousand sound fssues spon- sored by the reputable bond houses of the country and backed by ample security. Over a thousand of these are listed and traded in regularly. Do not play favorities. Diversify your lst of holdings as broadly os possible. Spread your securities over many lines of industry and as many different sections of the countrf as possible. Then no single accident to one concern and no extreme depres- sion in one locality can seriousty af- fect your postion. If you can’t follow theee three rules,” concluded Mr. Bob- non, “I advise you to take your mohey to the nearest savings bank and leave it there for safe keepins.” General business continues strong in spite of the propaganda that is be- ing, spread in an attempt to depress stocks. The index of the Babsonchart shows general activity at 4 ner cent above normal, an increase of 1 per cent over last week. Pipeline Runs Increase In the Mountain District Daily pipe line runs from Wyoming and Montana fielés during the week enfed April 28 took a jump of 7,960 barrels as compared with runs for previous week. Com} tive fig: hes ’on the Gally avereguse for the ‘ures on the daily averages for the two weeks follow Balt Creek --L---—-94,900 84.500 Rig Muddy ----------- 4,425 3,785 Tance Creek -. 420 415 Pilot Butte - 110 115 lander - 715 80 Lom Boltler —- 7,380 8,350 Rock River 245 «4,465 Grass Creek ----------— 5,200 4730 Mamilton Dome 400 75 Elk Basin — 1,815 2,000 Greybull etc. -. 240 255 Greybull eta --------- 240 255 Ovage -—- ——-------- 775 810 Ferris acces 810 325 Cat Creek ----. -- 6,735 6,830 Kevin Sunburst 1,875 1,000 Misce!lansous 600 550 Developments of Interest _ In Big Horn Basin Region BASIN, Wyo.—The Bircumshaw (011 company, was incorporaated the past week with a capitalization of $25,000. L. A. Zane, John Bircum- shaw and F, T. Brigham are the directors for the first year and opera: tions will be conducted in or near the Grass Creek field. Talbott and Carr, drilling on the amb anticline are reported to have had a good showing of both oil and fas at five hundred feet. Drilling ja being continued with hope of good production in the first pay sand. The Ashland-Wyoming well is con- tinuing to flow oll between the cas- ing, and the coming week it is hoped io get the well cleaned out and is ghut off. With all the ofl coming through nearly 3,000 feet of water, those who have examined the well Market Gossip believe it will make a good producer without being shot. B®. T. Johnson of Minneapolis, who was here the first of April returned again the first of the week and ex: pects to secure a standard rig for operations east of town to be started within the next two weeks. But little hole has been made at Noiber Dome the past week by the Midwest-Wyoming Gas as water is still presenting drilling difficulties and the work is very slow as @ con- sequence. It is reported that geologists for the Haskell interests will shortly visit this section and it is very prob able that acreage will be secured in several sections of the Big Horn Basin. and Briefs On Operations in Oil Fields ; To Resume Drilling. SHOSHONI, Wyo.—J. J. Catieugh ham been here several days from his| nine miles northwest of the He has a contract to put down states that they have ban working all winter, which 1s ro- tarkable, but the wing is 80 ¢ wants to get down to the sit cre is over eigtion, Ii i. THE PIPE FOLLOWS” 1) for the Tough Creek asso-| four thousand acres in the ltase of himself and associates and the well | is down 2,400 feet. They have been shut down for a | few days waiting on repairs for the out. resi- of the Tough tion, side of himself, are well known | Creek associ |dents of our fair city. | Railroad Statement. N YORK, May 7.—The report {of the New York, Chicago & St. Louls railroad as of December 31, 1922, shows total assets of $100,363,- 746 and profit and loss surplus of $7,- 741, against $88,350,051 and $5, respectively, the previous Bond Sales Detayed. | NEW YORK; May 7.—I« meat reported bankers y tha machinery which is expected this week, when the work will be re sumed, Mr. Catleugh ts a resident of Idaho, although he has been in Wyoming in other places, particular- ly in the Basin country “for. several } years previous to coming here. Most | 1 invest j sidered likely for many months: to come. pEMES Seah Sekt Li Flax Seed. DULUTH, Minn,, May 7 flax, May, $2.99 asked; J New York Stocks Allied Chemical @& Dye ..__. Allis Chalmers — American Beet Sugar American Can —_-_-__ American Car & Founcry -_. ¥ American Hide & Leather pfd.. 52 American International Corp — 25% American Locomotive —----_. 127% Amerioan Smelting & Refg. -— 51% American Sugar ~-—. 1 American Bumatra Tubaecs .. 245 Al T. and T. 121% American American Anaconda Atehison ——— Atl, Gulf and West Indies Baldwin Loeomotive Baltimore and Ohio -. Bethlehem Steel B Canadian Pacific Central Leather 82% Chandler Motors 62 Chesapenke and Ohio 65 Chicago, Mil and Bt, Paul - 20% Chicago, R. 1. and Pac. -. Chino Copper Colorado Fuel and Iron -----. 28% Corn Products ‘4 Crucible Steel Briei——----.. -. —---- 10% Famous Players Lasky ------- 81 General, Asphalt ~--~..------ 37% General Electric General Motors Goodrich Co. ~ Great Northern pfd. 10% Ulinols Central - 109 Inspiration Copper 34% International Harvester Int. Mer, Marine pfd. International Paper Tnvineible Ol Kelly Springfield Tire Kennecott Copper Louisville and Nashville ex div. Mexican Petroleum -. National Lead - Miam{ Copper ~ Middle States Oil Midvale Steel Missour! Pacific -. New York Central -~. N. Y., N. H. and Hartt Norfolk and Western Northern Pacific --- = 78 Oklahoma Prod and Ref, 2% Pacific Ol! -- —- 36% Pan American Petroleum -. 69% Pennsylvania 44 People's Gas 89% Pure Oil —-.. 26 Ray Consolidated Copper 14% Reading ------ --- 72% Rep. Iron and Steel 51% 41% Sears Roebuck 81% Sinclair Con, O11 39% Southern Railway 30% Standard Oil of N. J. -. 26% Studebaker Corporation 15% Tennessee Copper 10% Texas Co. --- 45% Texas and Pacific 21% Tobacco Products 80 Transcontinenta! Oil 8% Union Pacific ----. -- 132% United Retail Stores U. 8. Ind, Alcohol - United States Rubber -------- 53% United States Steel ----------- 100% Utah Copper ----- eee.” BOM ‘Westinghouse {Blectitio ~—--- 55% Willys Overland ----. American Zinc, Lead and Sm. - Butte and Superior -. Cala ePtroleum Montana Power -. Shattuck Arlzon: Chicago and Northwestern -. Maxwell Motors -. Consolidated Gas Great Northern Ore --. American Lenseed Olt Cosden ----—- -- -- —_——_— Standard Oil Stocks Anglo - — 16% 17% Buckeye 86 8 Continental 40% 41y Cumberland 11 m3 Galena 406.308 Tilinols 163 186 Indiana .-. 97 98 Nat. Tran. 25% N. ¥. Tran. Nor. Pipe Ohio Oil -. Prairie Olt 206 Prairie Pipe 106 Solar Ref. 185 190 Sou Pipe - 97 99 8 0. Kon, 44% 45% 90 1 230 240 40% = 41 82 235 50% 50% us 150 --59% 59% | Crude Market | | [Cat Creek 1 $1.85 — 1.80 1.80 1.30 1.80 | Torchlight 1,80 } Elk Basin — Greybull 1.80 Rock Creek .. 1.45 | Salt Creek 1.35 Big Muddy 1.35 | Hamilton - 1.35 1.05 80 Mule Creek Sunburst several large bond issues were being held up until after the government fnancing had been completed and the shelves of dealers cleared of the rem: nants of several issues put out and unsold since the first of the year. Owing to the unsettled conditions abroad no European financing is con- Upe Casper Daily Cribune Stocks .. 5 Oil Securities LOCAL Om. STOCKS Bid asked Bessemer, -----. ---- 23.25 ig Indian ---.. Ad Boston . Feber ah Aart 125 | All Issues Weak With Reduc- Burke Ligags .5 ‘ho tions Most Violent in Late Blackstone Salt Creek .24 28 Favorites. Chappell -________ ‘38 39 Columbine -....... .14 16 NEW YORK. 1—Pri Conso'ldated Royalty. 1.36 1.39 RY; 1 aerioes, col Se .00% | |@Psed sharply im today’s stock mar- ‘o2*| ket and most of the active issues 115 {dropped to new low levels for the ‘os | year. The widespread circulation of ‘79 | fraudulent checks and buying orders, 5.50 the relatively high interest ,Fates on 105 | the latest government issue of treas- ‘22 |ury notes, the announcement of a ‘01 | conference on re-valuation of railroad | Kinney 127 | securities by the LaFollette group in | Lance Creek Royalty .02 .03 | Congress and the violent declines In | Lusk Royalty 01 02. -| the grain and cotton markets were | Mike Henry —---2-.-2. ‘01 .02 | Seized upon by short interests as ex- | Mountain & Gulf ... 1.44 1.46 cuses for hammering the list. Losses |Outwest -.-. - 00% .00%]of one to five points were common New York Otl 12 14 throughout the day. Sales approxi. | ReG Bank - 09 10 mated 1,400,000 shares. Picardy ae 04 06 Royalty & Producers 09 10 NEW YORK, May 7, —Speculative Sunset --_.. — 02 03 sentimept was still unsettted at the Tom Bell Royalty -. 01 02 opening of today’s stock market but Western Exploration. 3.60. 3.80 | gains exceedeil’ losses in the. initial 70 a dealings, New York Centwal was the ve 3 5 outstanding strong spot, gaining 214 wesern, orate ee a points. American Tobacco abyanced eae ‘ 2 1% and Mack Truk 1%, while large NEW YORK CURB CLOSING [fractional gains were recorded by ; Mountain Producers -$ 17:00 §$ 17,12] Baldwin, Cuba Cane Sugar preferred, Glenrock Of ... .98| Davison Chemical and American Ice. Salt Creek. Prds. 22.12 | Studebaker and United States Steel Salt Creek Cons. 10.00|common yielded slightly to selling Marine 4.87) pressure. Mutual 11.25| Bear traders resumed their attacks 8. 0. Indiana — - 59. 59.50/ on the market after the early buying |Citles Service Com. - 160.00 162.00 orders had been absorbed. Baldwin |New York Oil - 12.00 14.00 | was again the target being hammer- Mammoth Oil ~ - 47.50 50.00| ed down to 126 a new low record for the year an@ 1% points below Sat- 3s —--$101.15 97.31 Livestock Chicago Prices. ment of Agriculture.) — Hogs—Re- | celpts, 64,000; slow, uneven, 10c to 25¢ | lower; mostly 15c to 20c lower; bulk 160 to 225 pond averages, $8.00@ 8.15; tgp, $815 240 to 325 pound butchers, $7.65@7.95; packing sows, | $8.00@6.50; desirable 110 to 130 pound ples, $6.75@7.25; heavy weight hogs, $7.40@8.00; medium, $7.75 @8.1 light, $7.70@8.15; Mght ght, $7,00@8.05; packing sows, smooth, $6.65@7.0 packing sows, rough, $6.00@6.75; kill- ing pigs, $6.00@7.00. Cattle — Receipts, 19,000; active; beef steers, stockers and feeders, strong to 15c higher; beef steers, mostly 10c to 15c up; in ‘between grades showing most advance; early top, $10.25; some held higher; bulk, $8.50@9.65; she stock, strong to 25c higher; better grades up most;’ 55 head beef heifers, averaging 795 pounds, $8.85; bidding lower on veal calves; other classes about steady; bulk desirable bologna bulls, $5.15@ | 5.25; few heavies, $5.35; packers bid- |ding $7.50@8.00| on vealers: bulk stockers and feeders, $7.00@8.00; few loads fancy half fat selected kinds to feeder dealers, $9.25@9.50. Sheep—Receipts, 19,000; generally steady to strong; few early sales, 87 pound clipped lambs, $12.85; plain na- tive woole dlambs, $14.40; best wooled lambs unsold; good and choice 110 to 120 pound clipped ewes, $8.00. Omaha Quotations. OMAHA, Neb., May 7—{U. 8, De partment of Agriculture —Hogs, re- ceipts 12,000; slow, mostly 25c lower; bulk 190 to 240 pound butchers to shippers $7.15@7.25; practical top $7.25; part load early $7.40; bulk 240 to 325 pound butchers to packers $7.05 @7.10; packing sows $F.00@6.10; stags $5.00. i Cattle, receipts 6,500; moderately active; beef steers strong to 10 to 15 cents higher; ight and handy weights showing most st:fngth; little tmprove- ment in heavy kind; top $9.50; yearl- ings $9.25; bulk $8.00@9.00; she stock 10 to 25 cents higher; bulk cows and helfers $6.00@7.50; bulk canners and cutters $3,50@4.50; bulls and veals steady; bulk bologna bulls $4.50@ 4.75; packers top vea's $11.00; stockers and feeders strong to 10 to 15 cents higher; bulk showing advance; top feeders $8-50. Sheep, receipts 11,500; spring lambs steady; early top California springers $5.00; natives $15.59; fed clipped and wed lambs 15 to 25 cents lower; top wooled lambs $14.50; early sales fed clipped lambs $12.25@12.50; sheep fully 25c lower; top shorn ewes $7.50; shearing lambs strong $14.75@14,90. Denver Prices. DENVER, Colo., May 7.— Cattle receipts 2,250; market steady to 25c higher; beet steers $7@8.75; cows and heifers $4.50@8.25; calves $4.50@13.50; stockers and feecers $6.50@8. Hogs receipts 1,449; market 150 to 25 lower; top $7.50; bulk $7@7.35. Sheep receipts 5,075; market steady to weak; lambs $13.75@14.65; feeder lambs $13.25@14 ewes $7@9.25. May 7.—Sugar fu- tures closed steady; approximate sales, 21,000 tons; July, $6.02; Sept., $6.07; Dec., $5.56; March, $4.60. ‘There | were no changes in refined sugar! with fine granulated listed at froin} $9.50 to $9.90 but trading continued | ight. 97.38 Fourth 4%s 97.58 i Fourth 4%s —~ 100.03 - CHICAGO, May 7.—{U. 8. Depart- urday's final quotations. New York | Central and Corn products each for- felted 2 points of their earlier 2% point gains. California Petroleum and $748 | DuPont also dropped 2 points cach de ag) While United Drug first preferred, an American Petro!eum Studebaker and Beechnut packing yield 1 to 114 points. American Woolen. and Ameri- can Waterworks each . advanced a point, United States Steel common, | also established a new low price for {the year at 101%, off: one. Foreign | exchanges opened irregular. Demand sterling advanced % of a cent to $4.62%, and French francs dropped 8 points to $6.58 cents. German marks slumped from |.0029 to .0027%c. Prices sagged steadily throughout {the list during the morning on a rel- atively slight volume of dealing. The discovery. that fraudulent certified |checks had been used in connection | with buying orders for a number of | standard stocks and an apparent lack of buyin gsupport had .encour- aged further selling on the patt of bear traders. Pressure was extended against. most of the list and was [particularly effective in the of éequipments, rubbers, textiles, public utilities and rails. Additional new low records for the year were made by Cosden Oil common and preferred Pacific Oil, Brooklyn Edison, Colum- bia Gas, Montana Power, American Woolen, Rock Island, Sinclair Oil, Skelly Of1 ‘and American Metal. Stewart Warner speedometer broke more than n{ne points and iosses of \3 to 4% were registered by Strom- berg Carburetor, Fullman, DuPont, Republic Steel. Mack Truck, and Cal- {fornia Petroleum. Call money opened at 4% per cent. Another considerable slicg was taken off the prices of the leading stocks during the afternoon selling. Declines were rather violent in shares which had been unduly advanced in the late bull market but all quarters of the lst exhibited considerable weakness. Bears were in high feather, the unresisting qualities. of _ high gradé investment shares, inducing ac- tive short selling. United States Steel got down close to par, touching 100%. Stewart. Warner broke 12% points, Stromberg Carburetor 5%, DuPont 5, Baldwin, California Petroleum and Gulf States Stee! 4, Losses alsewhere from 2 to 3 points were numerous. ‘The closing was. heavy. . The .re- actionary tendency of prices con- tinued throughout the late dealings. United States Steel common, broke proke par for the first time this year, Stromberg Carburetor dropped nearly 10 points, DuPont 8 and Beechnut 5%. In the last few minutes exten- sive short coverings rallied many of the leaders a point or more. ctr sala as Bas Metals NEW YORK, May 7.— Copper, steady; electrolytic, spot.and futures, 16% @16%c. Tin, easy; spot and nearby, $44.50; futures, $44.75. Iron, steady; No. 1 northern, $30.50@32.00; No, 2 northern, $30.00@31.00; No. 2 southern, $27.00@28.00. Lead, steady; spot, $7.50. Zinc, steady; East St. Louls spot and nearby delivery, $7.12@7.15. Antimony, spot, $7.62@ 7.75. Butter and Eggs CHICAGO, May 7.—Butter, higher; creamery extras, 42c; standards, 41%ec; extra firsts, 41@41%c; firsts, 3914@40c; seconds, 38@39c. Eggs, unchanged; receipts, 49,663 cases: firsts, 26@26%0; ordinary firsts, 23% @24c; miscellaneous, 25@25%' storage pack extras, 28% @28%0; storage pack firsts, 27% @28c. NEW YORK, » quiet; middling, STOCK PRIGES (GRAINS TUMBLE. ON TOBDGGAN) IN PRICE TODAY ep ea — —— Ss - Grains “t Livestock -:- All Markets AND QUOTATIONS BY LEASED MONDAY, MAY 7, 1923, Dom. of Can., 6% French Republic, 88 French Republic, 7448 Weakness in Stock and Cot- ton Markets Depresses Chi- cago Trading. CHICAGO, May 7.—Persigtent 1!- quidating sa'es by small holders had a bearish effect on the wheat market today during the early dealings. De- c'nes, however, were minimized in view of the fact that Liverpool quota- tions continued to show — relative strength. Smaliness of world ship- ments to Great Britain was reported as a bullish factor at Liverpool. Chi- cago opening prices, which varied from half cent decline to th uar ters cent advance, with July $1.16%@ 117 and September $1.15%@1.15%, were followed by slight gains in some cases, and then by a setback al around to well below Saturday's fin- ish. Rallies failed to last. Weakness in stocks and cotton was largely respon- sible for the wheat selling. Prices closed heavy, half to 1%c lower; with July $1.153% to $1.16 and September $1.14% to $1.14%. Corn and oats receded with wheat. After opening unchanged to half cent higher, July %8%@78%c, the corn market underwent a material decline. Subsequently, liquidation . set in, and many orders to sell out here au- tomatically brought into play on the downward swing of prices. The close was unsettled, %c to 1%4c net lower, July 77%e to 77%. Oats started % cent off to half cent up, July 44 to 44%c, hardened a trifle and then declined for all deliveries, Provisions were sharply lower, re- flecting weakness of hog va'ucs, and of grain, Wheat— Open. High Low. Close May _- - 1,18 1.18% 1.16% 1.10% July . - - 1.16% 1.193% 1.18% 115% Sept. - . . 1.15% 116% 114 1.14% Corn— U. K. of U. K. of American American Tel. and Tel. American Tel. and Tel., col., Armour and Co., 4%s Baltimore and Ohio c Canadian Pacific deb Chicago, Burlington and Quincy ref., Chicago, Mil and St. Paul cv., 48 Goodyear Tire 8s, 1941 Grand Trunk Ry of Can., 7s Grand Trunk. Ry. of Can. 63 Great Northern 7s A Great Northern 5 1-38 B Mo, Kan. and Texas new Missouri Pacific general 43 Montana Power, 6s A New York Central deb., 6s Northern Pacific pr. len 4s Oregon Short Line gtd., 5s ctfs - Oregon Short Line ref., 4s Pacific Gas and Electric 59 — Penn. R. R. gen., 64s Penn R. R. gen., 5: Reading gen., 4s - Sinclair Oil Co., 74 Standard Oll of Cal. deb. Union Pacific first 4s - U. 8. Rubber 7%s U, 8. Rubber 6 « Utah Power and Light & Western Union 6346 Westinghouse Electric 7s OIL PRODUCERS COMMITTEE IN ~ SESSION TODAY bd - + 6 + 73% 678% «OTT ‘ uly = _ = - 78% 78% IT? 77% By San Sept. . 2 _ 178 e aT . pee t™ 76% 17 | Teapot Program Is Sub- May --.. 4% 42% ‘ 4 i Say sc sta ject of Discussion Be- Bept; 0 ao . bard fore Meeting. aa ai Minor matters only were discussed Jul at the mecting of the Sa't Creek Pro- I ducers’ association conservation com- mittee held th's morning in the office of James P! Kem, secretary of the as sociation. This afternoon the com- mittee ig discussing with C, ©. Craw- ley of the Sincalir interests, the pre- pose@ @rt!ling campaign of the Sin- clair-Wyoming company. The com- mittee and the independent producers in generdal are particular'y interested in what deve'opment work the Sin- clain Wyoming anticipates doing on the southeast auarter of section 2 in the coming months. In view of the fact that the Sinclair will soon have ™ its pipeline im opperation it would be : easily pomsibie for the company to drill this particular tract to the limit and find an out'et for the oll. Among other matters to come up for consideration today 1s the drill- ing program, by the Mammoth corpo: ration on Teapot dome. Prducers in the southern end of the field do not think that they shou'd be limited tn their drilling if the Mammoth drills many wells on lands adjoining in the Teapot dome. As the Mammoth's contract with the gove: ent calls for Grilling up 100 per cent of the leases, this matter wi!l have to be ad- juciated with the department of the interior and the Mammoth before the drilling can be curtailed in ration with that to be permitted in the other parts CHICAGO, May 17.—Potatoes dull;|of the Sa't Creek field. receipts 139 cars; total United States Sy TO VALUABLE PROPERTY INR. Y. RESIDENT HERE other old sales. New stock slightly weaker; Florida barrel spaulding rose number 1, $8.75@9; number 2, $6; 150- One of 400 claimants who are con: testing an estate valued at $850,000,- 000 located in the heart of New York pound sacks number 2, $3; number City. passed through Casper today in 3, $2. thé person of U. P. Willett of Town- send, Mont. Mr. Willett himself is not an active participant in the at- tempt to get what they. claim to be theirs by reason of a will made out January 29, 1663, but . will benefit from the ‘attempt if it 1s successfully concluded. According to allegations made, ‘Willett would be direct heir by five generations to Anneke Jans Bogardus and. Peter Wijkoff’s estate covering 190 acres of land in tho heart ot erica'’s metropolis. According to the statement of one of the alleged heirs, the estate paid $60,000,000 taxes last year and an offer of settlement for $88,000,000 was recently made by the trustees of the Trinity church in New York City, who are sald to be trustees also for the will. Several hearings have been held on the matter and it is expected that another one will be held soon, sitet eA eee ah Cash CHICAGO, May 7.—Wheat number 2, red 1.25; number 2 hard @1.19K%O 1.20%. Corn number 3 nimed 184@ 80%c; number 2 yellow 80% @8lc. Oats number 2 white 45% @46%c; number 3 white 45@d6c. Rye 73% @ 79%c. Barley 60@6%c. Timothy seed $5@6.50. Clover seed $12@17: Pork nominal, Lard $10.55. Ribe $3.25@ 8.50, 2 Money NE WYORK, May 7.—Call money, Srm; high, 5; low, 4%; ruling rate, 4%; closing bid, 5; offered at 5%; last loan, 5; call loans against accept- ances, 4%; time loans, firm; mixed collateral, 60-90 days, 5%; 4-6 months, 5%@5%; prime commercial paper, 5@5%. Potatoes — ‘HIS HONOR, THE MAYOR, NEW COLUMBIA OFFERING Just one good thing after another is about the easiest way to describe the new musical comedy, “His Honor, the Mayor", which opened at the Columbia yesterday, with Bobby Vail as the Mayor and Red Davenport as his manager. This pair extract the laughs about as fast as any one could wish for. Bobby's opening speech to the gang gets the crowd going right from the start. Clara Hodge, Vanice Valere, Buck Fellows and Ben Heater are all cast in good parts which aro handied in a painstaking manner and add much to the fun. There is just enough plot to hold the right interest and keep any audience in good humor, The many snappy ensembles by the Pogo chorus are way above the average and responded to re- peated encores. “Fun From tho Press" and ‘Married People” are the Photoplay features and round out one of the best programs of the season. It will be seen for the last times to- FORIE EXCHANGE night. “Hippity -Hop" will) be the| NEW YORK, May 7.—Foreign ex new offering starting Tuesday. changes irregular. Quotations in oe cents: Great Britain, demand, 4.61 %: les, 4.62; 60-day bills on banks, France, demand, 6.60%; 6.71. Germany, demand, 4.87. Belgium, demand, 5.70%: cable 51 (eGrmany, demand, x 5 cables, .0027%. NEW YORK, May 7.—Foretgn: ar! mand, 39.12; cables rabies Nocwes silver 67%; Mexican dollars 51%. demand, - 17.00. Sweden, . demand, > 26,62. Denmayk, demand, 18.60. GRAIN EXPORTS GROW | Switzerland, demand, 18,03. Spain de- } bs A - F.W. RELLER, 48, QUES SUDDENLY AT HOME HERE FN, Heller, 45 years of ege, dict Sunday morning apparently from heart failure, at his home, $27 South Beech atreet. Heller had been In poor hea'th for the past year, He had been |Working, however, the before liv passed away. He was employed as a |blacksmith at the Texas company’ !refinery. 3 The deceased ts eit-vived by a wid. ow, two children, Mildred, aged 10, and Ra'ph age 9, and two aisters, M. M. J. Barclay of Helena, Mont., and Mrs. Otto Jensen of Los Angeles, Cal The body is being held at the M |funeral home pending arrangemen for the burial pda a JOSEPH RICHARDS, BOY SCOUT, 15 IMPROVING Stedy tmprovement has been, noted In the condition of, Joseph Richar¢ the 15-year-old Boy Scout who was hurt when a rock fe'l on hun while he was out on a fishing trip Saturday. Young Richards lies at the County hospital with @ elight fracture of the pelvis and slight internal injuries. Ho te being attended by Dr. M. C. a —— Evans Test Maken Progress. Excellent progress is being mailo with the well of the Evans Oil cor: poration on the northeast quarter of section 23-39-79, Salt Creek, with the hole now drilling below 600 feet. Terry Barefield, in charge of oper: ations during the absence of H F. Drayton who haa the hole contracted, ates that the formations eo far penetrated are checking eactly with other producers in the field which he has drilled and expresses his opinion that ofl will be found in quantities when the second Wall Creek 13 tapped. _-—-—_———. ‘The “life tree’ of Jamaica grows and thrives for months after being uprooted and exposed to the sun. Theres Always a Market yep is always will- ing to buy a substitute for Darcova Cups—once. But Bs comes the annoyance of having to to be neces: presaes that next ‘Order specifies “Genuine Darcoval™ gad no imitations accepted. Get the long-wearing that @tay on the job and pump oil. They Sig first in the marker, and now, Snegualled by any other make.” None genuine without the name—Darcore! SWAN. > UNDERREAMERS: & AT YOUR’SUPPLY STORE* WASHINGTON, May 7-—Exports| mand, 15.23. Greece, demand, 1.40 of grain from the United States dur-| Poland, demand, .0021. Czecho-Slov1 ing tho last week were 4,601,000 bu.,' kia, demand, %. Argentine, de compared to 4,083,000 the week be-} mand, 36.37. zil, demand, 10.65 fore. Mont? , 28 BrRrivcerorT ‘LOSE'NO CUTTERS