Casper Daily Tribune Newspaper, May 14, 1923, Page 7

Te a Se | 1 | MONDAY, MAY 14, 1923. STORAGE IS | Oil -:- Finance - NEEDED IN KEVIN-SUNBURST Pipelines and Tanks Unable to Handle Output which Is Growing Rapidly; Cat Creek Extension Also Holds Interest Lack of storage has caused another shutdown on pipe line runs from the Kevin-Sunburst field in northern Montana where completions are now being recorded with clocklike regularity. The field promises to eclipse all others of the mountain district in number of operations before the end of the present drilling season and unless additional pipe line @nd storage facilities are provided as *’ duction is developed it is Mkely that crude that crude acceptances may be prorated on the same method in force at Balt Creek. ‘The Cat Creek field near Winnett, Mont,, is also the center of renewed interest as a resuit of the showing mado by the Devereau well recently completed as a gusher threo miles Second Gasser west of the proved area. Production has not been gauged and ts estimated between 600 and 1,500 barrels a day from the second Kootenai sand. The well is in the northeast of section 12-15-28 and preparations for an off- set are being made by the Fergus County O!l & Gas company. Other holdings in the same region wi!l be Grilled extensively as soon as mate- ria’s can be moved to the ‘field. Uncorked by Mammoth Co. in Week Mammoth O!1 company has a neo- ond gas completion to its credit lant Week on section 10-38-78 of the Tea- pot naval reserve with an output es- timated at over 10,000,000 cuble feet * from a total depth of 2,947 feet. The recently completed gasser on section 15, completed with a flow estimated at over 70,000,000 cubie feet, is lo-| cated within half a mile of a water well brought in on section 14, The Mammoth company. has made locations for 31 new wells on which work will be starteé at once. Illinois Pipeline to Ilco Is Now Ready to Run Crude One new pipeline will be operating out of Salt Creek and another will be practically complete in another weeld, the I'linols Pipeline company having completed tests of its new eight-inch carrier to Tllco station ‘west of Casper and the Sinclair Pipe- line company has only eight miles to finish its eight and twelve-inch line from Teapot to Clayton station, west of Douglas, Wyo. The Illinois com- pany js waiting for the completion of Ohio sotrage tanks at Illco, when it will begin running oil, The Sinclair company expects to have its Mne operating by May 20, when it will begin handling govern- ment royalty of! from Salt Creek con- tracted by the Sinclair interests. Un- til the completion of the trunk line from Clayton to Kansas City the crude will be stored in the mammoth tanks of the Sinclair purchasing com- Woolen ex ‘div. ---- and West Indi Baldwin Locomotive -. Baltimore and Ohio Bethlehem Steel B Canadian Pacific Central Leather ~ Chandler Motors Chesapeake and Ohio Chicago, Mil.. and St, Paul Chicago, R. I. and Pac. -.. Chino Copper Colorado Fuel an Corn Products «. Crucible Steel layers Lasky General Asphalt - General Motors Great Northern pfd. IlMnois Central Inspiration Copper International Invnicible Oil Kelly Springflet Kennecott Copper Louisville and Nashville .__ Mexican Petroleum - ladle States Ol --_____ Midvale Steel Missourt Pacific -—--.. New York Central N. YN. H. and Hartt Northern Pacific Oklahoma Prod. and Re! Pacifiq Of -. Pan American Petroleum Pennsylvania - Producers and Ray Consolidated Copper ..... New York Stocks Allied Chemical & Dye —---.. Allis Chalmers Beet Sugar --____. Car & Foundry —... Hide & Leather pfd -514B International Corp -24%B Smelting & Rete. 58% Sumatra Tobacco —- jes____ for@ --. efiners --____ Rep. Iron and Steel ----—---—- Royal Dutch, N. Y. — pany at Clayton, where capacity of 4 N. ae 8,000,000 barrels will be provided be-| Sears Roebuck —------__ fore construction is stonped. Over 2,000 Feet of Oil in Skull Creek Syndicate Well- ‘The Skull Creek syndicate's wild- cat well eight miles west of New- castle on section 16-44-62, reported on May 4 to be making oll and gas, has approximately 2,200 feet of oll in the casing, according to late re- ports from Newcastle. The hole is Gown 3,450 feet. Little real drilling has been done during the last week, work being con- Market Gossip fined to underreaming, cleaning out and setting six-inch casing. Pros: pects are improving for bringing in a good commercial producer, it is said. The drill is supposed to be on the top of the Muddy sand and that oil is either coming from this formation or from a thin overlying sand. When casing is set drilling in will be started. and Briefs On Operations in Oil Fields Haskell Of] Drilfing Report. Oll Lease Development, subsidiary of Middle States and Southern States, last week completed two wells on its Bi'es-Wilroy lease, cast field, Eldo- rado, Ark., one good for 350 barrels and the other for 800 barren. South- ern States Oll reports completion of a 100-barrel well in the Bartlesville sand, Osage County, Oklahoma. Southern States Earnings. Southern States Oil reports $666 702 as its income from production in the quarter ended March 31, 1923. During this period $65,713 was pa! in cash dividends, and a '0 per cent free stock allotment was delivered to shareholders, Its ba’ance sheet as of March 81 shows total assets of $10,- 478,067, of which $516,168 was cash, $1,141,439 accounts receival/e, $191,- 910 notes receivable, $236,386 uncol- lected ofl, $0,000 oll in stage, $1,440,- 000 investment in Western States Oil, $6,645,000 producing leases, $1 unde- veloped leases, $260,337 lease equip- ment, $3,826 furniture and fixtures. Liabilities include $2,471,040 capital stock outstanding (total authorized $20,000,000) an¢@ $513,304 reserve for depletion, with surplus of $7,493,723. At the end of the quarter the com- pany had 229 producing wells, and was drilling 20 additional ones on| proven territor; Foreign Exchange NEW YORK, May 14.—Foretgn ex- changes firm. Quotations, tn cents: Great, Britain, demand, 4.62%; cables, 2 60-day bills on ban’ 4.605%. France, demand, 6.63; cabi 6.63% Italy, demand, 4.90: 4.90) Belgium, demand, 5.72; cables, 5.72%4- Germany, de .0022%; cables, 022%. demand, 89.10; cables, 39.13. y, demand, 16.40. Sweden, demand, 26.62. Denmark, de-| mand, 18.72. Switzerland, demand,| 18.01. Spain, demand, 15.23. Greece, demand, 1.80. Poland, demand, .0021 Czecho-Slovakia, demand, 2.97. Ar- gentine, demand, 86.12. Brazil, de- mand, 10.50, Montreal, 98 3-32, -_ Potatoes CHICAGO, May 14,—Potatoes dull, receipts 107 cars; total U. S. ship- ments 588; Wisconsin sacked round whites $1.05@1.'5 cwt.; dusties $1.15 @1.20 cwt.; Minnesota sacked whites! Minnesota . sacked Ohlvs 90c@$1.00 ev sacked russets $1.65 atock slightly weaker; Spautding Rose numbé 16; pumber 2, $5.26@5.50, da al | Butter and Eggs CHICAGO, May 14.—Butter, lower; creamery extras, 41%c; standards, 41c; ctra firsts, 40%@4ic; firsta, 39% @40c; seconds, 37@29. Eggs—steady; receipts, 60,953 cases: firnts, 24@24%6c; ordinary firsts, 22@ 22%; miscellaneous, 23% @24c; stor- age pack extras, 26%c; storage pack| firsts, 26c. —_—_>____ spans 2 crear en cna cereal | Silver NEW YORK, May 14.—Foreign bar silver, 67%c; Mexican dollars, 51%c. oo GOLD IMPORTS GROW. WASHINGTON, May 14.—Gold im- parts into the United States during April exceeded exports of the metal by more than $8,000,000, according to figures made public today by the Commerce department. The imports were given as $9,188,470 and the ex- ports $655,289. —>——- GRAT XPORTS, WASHINGTC exports fro m week amounted to compared wv h 4,6) the week previous. Sinclair Con. Ol1 Southern Railway Southern Pactfic Standard Oil of N. J. Studebaker Corporation Texas and Pacific Tobacco Products Transcontinental Of1 Union Pacific United Retail Stores -_._-.__ U. 8, Ind, Alcohol -----...... United States Rubber {United States Steel -. Westinghouse Electric [Willys Overland ~--—----.-- American Zine, Butte and Superior ------.-... Ces Petroleum —_ Montana Power —--——.--.--- American Linseed Off CLOT comeveet Jet eemcaemeenaers Continental -... —~--. Qumberland Tran .—....-- Nor. Pipe —-.--—. Prairie Pipe Pipe -—--—----- Rock Creel Mule Creek Inst loan, 4%: Tead and Sm. Maxwell Motors B --------..-- Consoli@ated Gas ——-—..-. Great Northern Ore -~~--~---- Standard Oil Stocks Crude Market oe 2 1.785 Lance Creek ---—.-----—----- Osage ---. -—-----------—------- Grass Creek NEW YORK, May 14—Call money 4%; ruling 4; closing bid, 4%; offered at coll Joans against firm: | 60-90 days, 5%; 66! 54UO%4s prime commercial] be Casper Daily Cribune Bonds -» Stocks e+ Grains QUOTATIONS BY LEASED Oil Securities LOCAL OL STOCKS Fm ZS 35 Lig Indian Boston a Buck Cree a a> Burke ~-------_. lackstone Salt Creek 10 06 10 Sunset -___. 03 ‘Tom Bell Roy: =~. 02 Western Exploration 3.80 Wyo-Kan -_. 70 15 70 80 Western States 20 21 ¥ on .. — 08 +10 NEW YORK CURB CLOSING Mountain Producers -$ 16.00 § 16.12 Glenrock Oil —..__. 82 +38 Salt Creek Prdu, -_ 20.75 21.00 Salt Creek Cons, —_ 9.75 10.25 Marine Mutual , & O. Indiana 60.12 Cities Service Com 163.00 New York Oil -._- 12.00 14.00 Mammoth Of! 56.00 LIBER: 34s First 40 -. econa 4s ©. First 4%5 Second 4%: Third 4%s Fourth 4%s Victory 4%s -...-.-.. --—--—------$101. Livestock Chicago Prices. CHICAGO, May 14.—(U. 8. Depart ment of Agriculture.) — Hoge—Re celpts, 47,000; opened steady to ; Strong; spots, Bc higher; later trad- ing around steady; top, $7.95; bulk 160 to 210 pound averages, $7.35q@ 7.90; 225 to 325 pound butchers, $7.60 ; packing sows, $6.25@6.65; 110 to 130 pound pigs, $6.50@ heavy weight hogs, $7.30@7.80; medium, $7.60@7.90; Ught, $7.55@7.95; light light, $6,.75@7.85; packings sows. | smooth, packing sows, rough, $6. killing pigs, $6.00@ 7.50. Cattle—Recetpts, 22,000; beef steers slow; killing quality, plain; yearlings comparatively numerous; carly trade hardly steady to 150 off; lower grades reflecting declines; no choice steers sold; some held around $10.30; best yearlings, early, $9.60; several loads beef steers and yearlings, $8.75@9.50; she stock, scarce, strong to uneven: ly higher; other classes generally steady to strong; bulk bologna bulls. around $5.25; bulk vealers to packers, around $8.50; few $8.75@9.00 and above; outsiders hand picking up- ward to $10.50 and above. Sheep—receipts, 9,000; mctive; fat lambs, 25c to 40c higher; sheep, steady to strong; best Colorado 92 pound wooled lambs, $16.25; choice 86 to 11 pound clipped lambs, $14.25 to pack- ers; few 78 pound ‘erages to city .butehers, $14.40; five doubles Califor. nia springers, $17.00; few odd head handy weight fat ewes, $7.00@7.50. Omaha Quotations. OMAHA, Neb., May 14.—(U. 8. De- partment of Agriculture.)}—HoJgs— Receipts, 11,000; generally steady: bulk butchers, $7.30@T.4 packing grades steady; bulk sows, $6.25@6.40; stags, $5.25@5.40. Cattle—Receipts, 7,500; good steers and she etock steady to strong; other classes, killing cattle, mostly steady; close easier on Iight and common steers; best beeves, handy weights and heavies, $9.75; bulk, $8.25@9. bulk cows id heifers, $6,50@8. 1.70 to five higher; top $’ 1,70 | @7,50, Sheep receipts $5; market is) 1.85 |Strong to 250 higher; lambs $14@15; 1.25 | feeder lambs $14@70.75; ewes #7@ 1.26 | 9.50, bulk canners and cutters, $3.50@4.50; bulk bolognas, $4.50@5.00; bulk light veals, $10.00@11.00; top, $11.50; stock- ers and feeders, steady to stron, bulk steers, $7.60@8.00; thin she stock, strong. Sheep—Recotpts, 9,500; Iambs, 25@ 50 higher; old crop wooled lambs, $14.75@15.25; native epring lamb: $15.50@16.25; California springer: $16.00; best fed clipped lambs held at $14.00; sheep around 25¢ higher; shorn ewes, $7.00@7.50; no early sales of feeders; market strong. Denver Prices. DENVER, Colo., May 14.— Cattle receipts 7,230; market unevenly steady; beef “steers $7.50@9.35; cows and heifers $4.60@8.50; calves $4.50@ 9 |13.75; stockers and feeders $6.50@ 0 | 7.78. Hogs receipts 1, 0; market Metals NEW 15% @160, Tin, esay; epot and futures, $42.87. Iron, steady; No, 1 northern, $30.50 @32.00; No. 2 northern, $30.00@ 31.00; No. 2 southern, $27.00@2 Lead, ste: 00. spot, $T.0007.25 » $6.400.65 Antimony, spot, 67.50@7.62, strong 35; bulk $7.30, YORK, May 14-—Copper, + electrolytic, spot and futures. Enat St. Louts epot and STOGK TREND UPWARD AGAIN Crude Oil Reductions Fail to Effect Demand for Oil » Issues. NEW YORK, May 14.—Stock prices showed an improved tone in today's relatively quiet session. The stability of the ofl shares on the annoltince- ment of another cut of 25 cents al barrel in Pennsylvania crude and re-| ports of cuts in other flelds together| with indications of short covering in| some of the usual leaders, encour-| aged moderate buying for the long| account, Sales approximated 825,000/ shares. | NEW YORK, May 14.—Speculative/ Sentiment was still unsettled at the| opening of today's stock market with| selling pressure evident in various) sections of the list. Chemical shares were particularly weak, American Agricultural and Viriginia Carolina Chemica’s and Mathieson Alkali each dropping to new low records for the year. American Writing Paper pre- ferred also sold at a new low price. Gulf States Steel dropped one point and Bethlehem yielded fractionally. Studebaker and California Petroleum advanced slightly. Short operations in some sections of the lst coincident with se‘ling pres- sure in others imparted a decidedly irregular trend to the early trading. California .Petroleum extended its gain to 1% points and was followed into higher ground by eden, Sin- clair, Royal Dutch and general As- phalt. American and Baldwin Loco- motives each advanced 1% and Stude- vaker, one, Dupont climbed 2%. American Smelting preferred dropped 2% points to a new low record for he year, and Allied Chemical also dropped below it sprevious low price. Losses of one to nearly two points were recorded by Stewart Warner, Electric Storage Battery, American Car, Amercian Street Railway second Foreign exchange opened strong. De- points to 6.65c. Except for some short coverings in a number of standard shares and a few specialties which gave the mar- ket a somewhat firmer appearance, ‘trading was rather listless during the morning. Small investors and speculators showed a disposition to wait until prices became more stabilized before extending their commitments. Large bear traders who have been hammer- ng tho market for the last two weeks stopped for another breathing spell and there was no indication of any concerted buying on the part of oper- ators for the advance, cut of 25 cents a barre} in Penn- sylvania crude and reports of cuts in other fields were ignored by the oll shares. Woolworth jumped 6 points; DuPont and Liggett Myers 6 each, and Remington Typewriter, Ameri- can Can, Willys Overland preferred 3 to 4 points. Call money opened at 4% per cent. The early indecision gave way to & more confident feeling as to the immediate course of prices when it was percelved that the rise was not causing any extensive profit taking, and that the bears were not taking advantage of the higher level to put! out any considerable short lines. The buoyancy of several of the oll shares) in face of further readjustments of crude oll prices also tended to encour- age buying of the general list. Call- fornia Petroleum moved up four points, American Can 3% and Pan- American, Corn Products, Stewart | Warner and Stromberg Carburetor 2% to 8. Woolworth extended its| gain to 8 points. The closing was strong. The up- ward tendency became more pro-| nounced in the late dealings with equipment, motors and steel shares making substantial recovery from re- cent heaviness, Gulf States Steel and/ Stewart Warner rallied sharply. --—— > EXPORTS FOR APRIL. WASHINGTON, May 14.—Pxports from the United States during April amounted to §$341,000,000 compared with $318,469,000 during April, 19: and $341,162,000 during March of the present year. Divorce Action Filed in Court} Jeasio Mills Couch has filed sult for divorce against Herman F. Couch, charging desertion and failure to pro- vice. The couple were married Au-| gust 15, 1921 at Casper. ‘The plaintitt asks for the custody | of the minor daughter. sabe cag EO THREE SEIZED FOR AUTO. THEFT IN MINNESOTA Edward Wagner, Arthur Erickson and Edwerd Erickson, were arrested Sunday afternoon by Earl Cantlin, undersheriff, charged with the theft of @ Ford sedan from New Elm, Minn. The men wero in the car on Center street when they were appre: hended. The arrests followed receipt of a telegram yosterdny morning f: Phillip, 8. D, advising ‘the she office that the three men 1 ed for Casper in the stolen oreferred and Jewel Tea preferred.| mand sterling advanced one cent to! $462% and French francs rose five d = Three men, giving the names “ot| WHEAT PRIGES FIRMAT CLOSE Upturn Developed at Opening of Trading Sustained in Market. CHICAGO, May 14.—With offerings Ught and with considerable buying on the part of shorts, the wheat market averaged higher today during the early dealings. Some of the business was based on opinions that quidation had been thorourh and that a ra'ly was due. On the other hand, the gen- eral run of crop comment was fa- vorable, and price gains were easily checked. The opening, which ranged from %o decline to a like advance, with July $1.15 to $1.15 and Sep tember $1.13% to 1.13%, was follow: ed by fractional upturns all around. Subsequently, the wheat market was depressed by weakness which de. veloped in the oats market, but an- nouncement of a substantial decrease in the visible supply of wheat helped give the wheat market a new upturn. The close was firm %c to 1%c net higher, with July, $1.15% to 1.15% and September, $1.13% to $1.13%. Corn and oats reflected the firm ness of wheat prices. Besides, rural offerings <f corn and oats remained very small. After opening unchanged to %c higher, July 78% to 73%o, the corn market sdored slight agoneral gains. Corn, like wheat dropped tempor- artly when oats tufned weak, but corn rallied with wheat and as a result of a Cecided decrease in the visible supply of corn. The corn mar- ket closed firm at %@%o net ad- vanes, July 78%c to 78%. Oats remained unchanged to %c up. July 42%c to 43c and later showed a Uittle additional rise. Provisions had an upward tendency in line with grain and hogs. Open High Low Close Wheat— nn 1.16% 1.18 116 1.17% 115 1.18% 1.18% 1.15% 1.18% 1.14% 1.12% 1.13% 18% .78% TT «TB% 18% | .79% 7TH 78H TT% 78% «76% 78 “42% A3% 40% 42 Al% 41% 89% 41 July -----10,.75 10.90 10,73 10.90 Sept ---11.00 11.17 11.00 11.17 Ribs— Sept ---— 9.00 9.05 9.09 2.05 hard, $1.19%; No. 2 hard, $1.19. 2 yellow, 81@82c. 3 white, 42% @44%c. Rye—No. 2, 75c. Barley—63@ 67c. Timothy seed—$5.50@6.25. Clover seed—$12.00@17.00. Pork—Nominal, Lard—$10.7 Ribs—$8.25' Cotton NEW YORK, May 14.—Cotton spot, quiet; middling, $26.45. ‘JAZZLAND’ 1S ORDEREDLOCKED Jazziand theater and dance hal on the Sandbar was ordered temporaril; sed at the conclusion of the hear- ing before Judge R. R. Rose in dis trict court Saturday. The ciosing ‘was requested by 15. H, Foster, prose- cuting attorney, under the abatement law passed by the state legislature two years ago. A trial will be held at the fall term of court to decide whether or not the building wl be abated for a year. “Dollar” Bill Davia and his wife, Grace Davis, are under bonds of $1,- 000 and $500 respectively on a charge of violating the Nauor laws, their trial being scheduled for the fall term of federa] court in Cheyenne. ————— . Sugar tures closed steady; sales, 87,000 tons; July, $6.18; Septem. ber, $6.23; December, $5, $4.62. There were no chang in re- lated listed at $9.75 to § mand, however, contin Beata ss 0; the de- light. Flax Seed. DULUTH, Minn. flax, May, $2.95 asked; July, $2.71% $2.40 bid. SWAN. fh. UNOERREAMERS AT YOUR SUPPLY STORE BrivdarornT sota car, N THEPIPE FOLLOWS CHICAGO, May 14.—Wheat—No. 1 Corn—No. 2 mixed, 80% @80%c; No. Oats—No. 2 white 43% @45%c; No. NEW YORK, May 14—Sugar fu- approximate ; March, fined sugar prices with fine granu, May 14—Closing asked; September, $2.48 bid; October, - Livestock -:- All Markets - PAGE SEVEN Dom of Can, 5% per cent notes, 1920 French Repubiic, 8s French Republic, Tis —. Kingdom of Belgium, Tis .. Kingdom of Belgium, Kingdom of Norway, -----. U. K. of G. B, and L., 5% U. K. of G. B. and L,, 5% American Sugar, 65 American Tel and Tel., American T: Armour anc) 44s. Baltimore and Ohio, o ‘anadian Pacific deb. 5s - Chicoga, Burlington end Qui! shicago, Mil and St. Paul cv Goodyear Tire 8s, 1931 ~. ¢ Mo. Kan. and Texas new adj Missourl Pacific geng 4s — Montana Power 6s A New York Centr: Northern Pacific Oregon Short Line ref., 4s ~. Pacific Gas and Electric 6s enn. R. R. Gen. ?enn R. R. Gen., Reading Gen., 48 Sinclair Ol! Co., St U. 8. Rubber 74s — OU. 8. Rubber Ss . Ttah Power and Light 6s Western Union 614s - Westinghouse Electric 7 TO-YEAR PERMIT OR GRAZING ON FORESTS ORERED New Policy by Secretary Of Interior Goes Into Effect in 1925. DENVER, Colo. May 14.—Begin- ing in 1925 ten year permits aro to ‘e granted to stockmen who desire © graze cattle and sheep on ranges vithin the National Forests accord: ng to announcement made today by District Forester A. 8. Peck of the Inlted States Forest service. Thi ‘ew policy, as approved by the sec- ‘etary of agriculture, exactly doubles *e maximum period for which graz- ‘ng permits are now being issued. The department's action was taken ‘rom the stan¢point of assisting the ivestock industry to further recover ‘rom its depression of the past few years, since,it is claimed by stock: men, grazing permits for ten years instead of five will make it !ess diffi- cult to secure financial aid to carry on lve stock grazing operations. Certain Conditions Specified. The ten-year permits will be grant- od for the full established prefer. ence of permittees owning commen- surate, dependent ranch property with the understanding that at the expiration of five years reductions in numbers, not to exceed 10 per cent. wil be made for the admission of Lew settlers or increases to small owners now using the National For. ost ranges. Another condition fs that reduc: ‘fons {n numbers for protective pur- noses may be mace during any year f the permit period but that should the reduction for protective purposes equal or exceed the 10 per cent re- duction for distribution purposes then no reduction wil! be made for the latter purpose. Readjustment of the urazing foes, as well as other admin- istrative adjustments, such as changes {n allotment boundaries, will be made at the end of the first five years of the ten-year permit. The forest service, however, emphasizes the fact that all adjustments will be kept at a minimum during the term of the permit. The new rates upon which grazing fees are to be base and which are to be arrived at after appraisals of the National Forest ranges, will also go into effect beginning in 1925. These new grazing fee rates were to go into effect during 1924, but action was postponed so that the livestock industry would have time to parti- ally recover from the period of de- Pression. The new system of ten-year grazing permits and the new grazing rates will go into effect at the same time. ———— ‘The sun's rays are used to gener ate the power in a miniature engine Tecently deminstrated successfully in New York. A parabolia copper mir- ror focused the rays on a test-tubo full of water, making sufficient steam to work the engine. FOR WATCH TOMORROW'S TRIBUNE Greatest Announcement Ever Made by THE FRANTZ SHOP RAIL EARRINGS | HIGHER IN YEAR NEW YORK, May 14.—Net revenue from railway operations {n 1922, ag- Sregating $68,854,713 exceeded that of any year since the record year 1917, but was $4,514,954 less than in that year, it {s disclosed by the annual report of the Southern Pacific com: pany, made public today, Net rafiway operating Income for 1922 totaled $46,222,846, an increase of more than $10,000,000 over 192’, and net income from the ra{lroad property and proprietary companies, combined, totaled $32,600,150 as compared with $80,618,777 the previgus year, ‘The showing despite the strikes of coal miners and shopmen during 1922 is explained by Julius Kruttschnite chairman of the executive committee, by the fact that the company uses off as fuel aud a large percentage of the company’s shopmen remained loyal througheut the strike, disregarding the etrike order. The direct cost of the strike, how- ever, is estimated by Mr. Kruttschnitt as $3,500,000. eee ae SAIL BOAT THRU CANAL BALBOA HEIGHTS, Canal Zon May 14.—An 18-foot cance flying & main sail and a jib, enjoys the dis tinction of being the first salling craft of any Cescription to pass through the Panama canal under the power of her canvass, The little vessel, manned by Lieu- tenant Miller, of the U. 8, navy, and H. J. Grieser, a swimming tnstruc- tor, who had previously rowed, pad- dled and piloted a motor boat through the canal, started at Cristobal, on the Atlantic side of the cut,.at 6 a.m. and docked the same evening at Bal- boa, on the Pacific, at 8:45. a TRUCK AND AUTO ARE CAMAGED IN CRASH Collision of a twoton Pierce Ar row truck and a touring car, the make of which is unknown, at 9 o'clock Sunday evening on Yellow: stone avenue just east of the new in- dustrial building of the Standard Oil company resulted in considerable damage to the bodies of both ma chines. The truck was driver by Michnel Krpan of 219 West BC street and the driver of the touring car gave his name as John Serdar. Neither of the drivers were injured, SWAN UNDERREAMERS » ATXOUR SUPPLY STORE Wraoe PorRT COSELNO- CUTTERS THE