Casper Daily Tribune Newspaper, June 11, 1923, Page 7

ig t « 1 1 { MONDAY, JUNE 11, 1923. Oil -:- Finance -:- BIG HORN BASIN’S ’» WELLS MAKE PROGRESS Majority of Tests in ‘That Part of State Should Be Carried to Completion This Summer— One Well in City Limits of Thermopolis THERMOPOLIS, Wyo., June 10.—Drilling operations on the various wells in the Big Horn basin which come in the wildcat class are progressing satisfactorily and the majority of them should be carried to completion this summer. The Empire State well, drilling in Thermpolis, cased off the shallow water at a depth of 162 feet and the drilling is raking good progress. Producers & Refiners have a big gesser in its well at Enos Creek. ‘The sand was struck at 2,750 feet and the gas production is estimated to ‘be about 25,000,000 feet. The Golden Eagle dome well being Grilled jointly by the Midwest and the Wyoming-Yellowstone, section 12-45-97, is down to 2,270 feet with the sand expected to be struck at 2.650 feet. No. 4 well on the struc- ture, shut down last winter at 615 feet, will be completed this summer. Work has not yet been started up on it. . The John Catlegh test on Tough Creek structure east of Bonneville progressing nicely at the depth of 70 feet. ‘The Tobador Oil company of Call- fornia, which has been drilling a test well on the Dickerson permit on Upper Grand creek on the northwest quarter of section 17-46-98, has shut down at 1,779 feet having gone through the Frontier formation with- out encountering oil* in commercial quantities. This well was drilled on a 60-50 basis. The Dickerson inter- ests now intend to carry the well on down to the red beds where large wells are being brought in by the Ohio and Midwest companies. Oil Structure Near Lingle To Be Tested This Season Surrounding and adjacent to the town of Lingle, Goshen county, Wyo. and extending from the mouth of Rawhide’ Creek, up to the Narrows, a distance of about 14 miles, Hes a well established and defined ofl struc- ture which has been known of and talked of for many years. Like all new fields it has been difficult to in- terest capital sufficiently for develop- ment. This structure covers the greater portion of township 25 N., lying north of the Platte river, all of township 26 N. and a portion of township 27 N., all in range 62 W. and the major portion of township 26, range 61. It has remained for Detroit capital to prospect this field, which is now going forward at a rapid rate under the management of Matthew Fore- man of Detroit, with L. A. Whipple in charge who will do the actual drilling. Ample capital being secured for the prospecting of this Lingle- Rawhide structure. Mr. Foreman has had experience in Goshen county, having sunk a well to the depth of 5,000 feet upon a struc- ture lying about 20 miles south of Torrington and which {s sufficiently Promising that he will go on down with it for the depth of an additional thousand feet to thoroughly prove the structure upon which the drilling has been done. The actual work of drill- ing this hole has been done by Mr. Whipple, who is in charge of the work on the Lingle-Rawhide stiuc ture. Materlal is on the ground for ac- tive operations, the first well being located on the NE% NW section 24-26-62, eight miles directly north of Lingle, and the rig builders are ex pected daily, with actual drilling to begin early in July. A strictly modern camp has been constructed and is now in use by Mr. Whipple and the workmen now on the project. As the first well is to be sunk at a point just eight miles north of Lingle, the citizens of that town and the tm- mediate surrounding country are in- tensely intersted in developments and the ultimate outcome of the field, the] Utah Copper - present operations of activity being| Westinghouse El the result of eight years work on the part of Hiram D. Lingle, ably assist- ed by co-operating citizens. Livestock Chicago Prices. CHICAGO, June 11.—{U. 8. Depart- ment of Agriculture.) — Hogs—Re- cetpts, 60,000; uneven, Be to 5c lower; top, $6.75; bulk 180 to 350 pound averages, $6.50@6.75; packing sows, mostly $5.50@5.75; desirable pigs, mostly $5.00@6.00; heavy weight hogs, $6.50@6.70; medium, $6.60@ 6.75; light, $6.50@6.75; light light, $6.25@6.05;- packing sows, smoothy $5.65@6.15; packing sows, rough, $5.35@5.75; killing pigs, $5.00@6.00, Cattle— Receipts, 16,000; asking considerably higher on beef steers; trade slow; few early sales strong to unevenly higher; yearlings showing most udvance; early top heayies, $11.15; some held higher; best light yearlings, $10.60; several loads, $9.00 @9.26; looks higher; plain light grass- ers of southwestern origin, $6.50; she stock, 15c to 250 higher; bulls, strong to 16c higher; other classes fairly ac- tive; steady to strong; few heavy bologna bulls upward to $4.85 and above; bulk vealers to packers, $9.00 downward; upward to $10.50 to out- siders. OMAHA PRICES OMAHA Nebr., June 11.—Hogs re celpts 10,500; market slow; mostly 15¢ lower; bulk packing sows 505@515; bulk butchers 605@616; top 6.25 Cattle receipts 6,000; moderately ac- tive; choice beef steers steady; good and medium grades 10@15c higher; medium yearlings 13@25c higher top matured steers 10.75; bulk steers 9.00 @10.25; canners, cutters and grass cows steady; others strong 10 to 1c higher; bulk she stock 6.00@8.00; bulk canners and cutters 3.25@4.25; bulls steady, bulk bolognas 4,25@4,50; veals strong, 50 higher; packer top lights 9.50; stockers and feeders steady to strong; bulk feeders 7.25@8.00; some $.00 pound averages at 8.65. Sheep receipts 4,800; early sales spring lambs staady natives 15.00; best Californias held at 15.75; sheep and feeders steady; bulk ewes 4.00@ 4.75; feeding lambs 12.25@12.75. Denver Prices. DENVER, Colo., June 11,—Cattle— Receipts, 1,300; market strong to 10c higher; beef steers, $7.50@13.35; cows and heifers, $5.00@8.35; calves, $4.50 @11,00; stockers and feeders, $6.00 Pees Receipts, 782; market steady to 10c lower; top, $6.40; bulk, $6.00@6.30. Sheep — Receipt 1,360; market stendy to strong; yearlings, $10.00@ 11.50; spring ‘lambs, $12.75@1 ewes, $5.00@6.00. Kansas City Prices. KANSAS CITY, Mo., June 11. — (U.S. Department of Agriculture.)\— Cattle 12,000; calves 1,500; few sales beef steers steady to weak; many bids lower; early top $10.50; somo held around $11.00; few Californias $8.75; better ones held at $9@9.25; early top | yearlings $9.85; fat she stock mostly spots $c to 25c higher to bulk cows $4@6; few $6.50 | Poland demand .0015; Czecho Slovak: @7; Cesirable heifers $4@6; few 8.50 fornia $7.35; calves steady to 50c low- er; few best vealers early 9; bulk de- sirable $8@9; bulls weak to uneven ly lower; most bolognas $4@4.25; oth- er classes steady. Hogs 15,000; slow; mostly 10 to 16¢ lower; trade top 6.50; packer top 6.40; shipper top 6.45; bulk of sales 6. @ 6.45; bulk 180 to 290 pound weights 6.35@6.45; most choice butchers held at 6.50; packing sows 10 to 15c lower; bulk 5.60@5.55; stockers steady; bulk 6.75@6.15. St. Paul Prices. Cattle receipts 2,600; market about steady on fed best dry fed cattle; oth- ers slow, weak, with tendency low- ero ommon to good beef steers $6.50 @9.75; best load lot early $9.60; bulk fat heifers $6@9.70; bulk fate ows $4.60@6; canners and cutters mostly $2,50@3.25; bologna bulls, mostly $4@ 4.25. SOUTH ST. PAUL, Minn., June 11— Calves receipts 1,700; market 25@50c lower; best lights mostly 7.00@7.50. Hogs receipts 12.190; market about 26 lower; bulk mixed lights and butch- ers to packers 6.15; strictly choice kinds quotably higher; rough or real heavy packers mostly 4.75; bulk pigs 6.00. Sheep receipts 100; fat lambs about steady; fat sheep steady to 50c lower; heavy ewes mostly 300, handy weights around 500, Sheep receipts 8,000; fairly active; generally steady; bulk good native springers 15,00@15.50; few choice 70 pound averages to city butchers 16.00; good to cholce handy weight fed lambs 14.25@14.60; few sheep offered. Foreign Exchange NEW YORK, June 11—Foreign ex- changes irregular: Quotations in cents Great Britain demand 461 3-16; cables 461 6-16; sixty day bil's on banks 450 7-16. France demand 645; cables 6.45%. Italy demand 463; cables 463%, Belgium demand 556; cables 556%. Germany demand .0012 3-8; cables .0012 6-8. Holland. demand 3917; cables 3920. Norway demand 1667; Sweden demand 2657; demand 1769; Switzerland 1794; Spain demand 1502; Greece demand 385; demand 298; Argentine demand 352 Brazil demand 1025 Montreal 97 11-16. Money NEW YORK, June 11.—Call money. firmer; high, 5%; low, 4%; ruling rate, 4%; closing bid, 5%; offered at 5%; last loan, 5%;'call loans against acceptances, 4%; time loans, steady; mixed collateral, 60-90 days, 4% @5 46 months, 6; prime commercial paper, 5. Denmark | New York Stocks Allied Chemical & Dye ------ 70% American Can ... --= 100 American Car & Foundry --. 171 American International Corp - 22% American (Locomotive ..~---- 141% American Smelting & Rofg. -- 62 American Sugar -.. 73 American T. and T. --..... 124% American ‘Tobacco IK American Woolen 92 Anaconda Copper 45% Atchison ~-.-..... 102% Atl, Gulf and West Indies 107% Baldwin Locomotive Baltimore and Ohio ---—-. Bethlehem Steel --.. California Petroleum Canadian Pacifio Central ‘Leather, = 131%, - 51% 154 Gulf States Steel -. Illinois Central — Inspiration Copper International Harvester Int. Mer Marine pfd - International Paper -. Invincible Oil ~ Kelly Springfiel Kennecott Copper Lima Locomotive Louisville and Mack Truck -. Marland Oil - Maxwell Motors B - Middle States Oi! Minsouri, Kan. and Missouri Pacific, pfa -. New York Central .-. N. Y., N. H., and Hartford Norfolk and Western -. Northern Pacifico Pacific Ot Pan American Petroleum B Pennsylvania People’s. Gas -. Producers and Refiners -. Pure Ol - Reading - aS Republic Iron and Steel - Sdirs Roebudk” ----. Sinclair Con Ol -. Southern Pacific Southern Railway .. Standard Oil of N. J. Studebaker Corporation Texas Co. - Texas and Pacific - Tobacco Products A Transcontinental Oi! Union, Pacific -—. United Retail Stores U. S. Ind. Alcohol United States United States § Willys | Overland Amer. Zinc, Tad and Sm. Butte and_ Superior ~—.. Colorado. Fuel and Iron -. {Montana Power National Lead Shattuck Arizona Standard Oil Stocks Sot Pipe - S. O. Ind. | Crude Market an——= $1.75 Cat Creek --.-. Lance Creek Osage ------. Grass Creek Torchlight Etk Basin Greybull Rock Creek ----------------—--1-35 Salt Creek Hamilton - Mule Creek Sunburst - NEW YORK, June 11—There were no changés in refined sugar prices. Only a moderate inquiry was reported, with buyers inclined to hold off, owing to the unsettled conditions in the spot market. Prices quoted at 9.75 @9.90 for fine granulated. Metals net | NEW YORK, June 11—Copper, steady; electrolytic, spot and futures, lfc, Tin, easy; spot and nearby, No. 1 northern, $29.00@31.00; No, 2 northern, $28.50@30.00; No, 2 south- ern, $27.00. ‘Lead, steady; spot, $7.25. Zinc, easy; East St. Louis spot and nearby delivery, $6.20. Antimony, spot, $6.75. es SS RES Oats. Oats started unchanged to %e high- er, July 42% and later gained a little more. Provisions reflected weakness in hog values. Big Indian -.-.W... Bostom Wyoming -—- Buck Creek Biackstong Salt Creek Capitel Pet ~ Consolidated Royalty — Cow Gulch 52% 109% BE. T, Willams Kinney Coaai Lance Creek Royalty Lusk Royalty Mike Henry ~~ Mountain & Gu New York Oil -_ Red Bank (new) -. Royalty & Producers. Tom Bel! Royalty Cerro de Pareo Copper 43 Chandler Motors -. 61% Chesapeake and Ohio 65% Chieago and Northwestern - 80% Chicago, Mil and St. Paul pfd . 40% Chicago, R. I. and Pac. 32% Chile Copper 215% Chino Copper 234% Consolidated G 62% Yorn Products — 133% sden Oil ATH Crucible Stee! 73% Cuba Cane Sugar pfd -. a3 mous Players Lasky 80% neral Asphalt 31% neral Electric 184 neral Motors 14% at Northern pi 13% ‘Western O11 Fretas. Western States .- Mountain Produce: Glenrock Oil Creek Prds. Salt Creek Con Cities Service Com. miscellaneous storage pack firsts 24@24%. NEW YORK, 39% @40%0; storage packed Anglo -. 15% = 15% Buckeye 84 85 Continental 39% 41 Cuumberland — 100 «104 Calena -. 106 108 Tilinois -. 159 161 Indiana, 95 %. 97 ‘ Nat. Tran -. 24% 25% N. Y._ ‘Tran 12” «118 Nor. Pipe -. 98 101 Ohio Oil NE Ai Prairie Ot 95 2 Prairie Pipe 105% 106 Solar Ref. .. 185 190 96 98 8, 0. Kan -—--—=- 43% 43% ports from S. 0, Ky 93 ; O. Neb. 230, 5 oO. N.Y. 39% 29% 8,/0. Obio -- 280 286 Vacuum 45% = 46% s. P. on 143) 146 ment corporation concern of this kind. porated under the laws of Wyoming capital stock of $250,- management of the cor- in a board of directors consisting of L. George B. Nelson, Lew M. G and Guy J. Gay. Mr. Nelson has been named as the agent for the company. eral manager June.6 with Breisch, Jr. steady; receipts, $42.12; futures, $41.87. Iron, steady;/ silver 65%. 6d per ounce. Bonds -:- Stocks -:- Grains -:- 95 a4 27 28 36 10 03 08% 01 01 Western Exploration — 3.65 70 08 RK CURB CLOSING -$ 15,00 50,00 88 12.75 9.00 12.00 4.75 Butter and Eggs CHICAGO, June 11—Butter higher; creamery extras 39; standards 3); ex- tra firsts 37@38; firsts 35% @36%4; sec onds 34@34%4. receipts 47.,033 cases; ordinary firsis 20% @21; storage pack June 11. + Butter, creamery higher than extras 39%@ s score 374% @ current Pges, irregular. Fresh gathered ex- | 4c; ditto firsts 24@ 5c; ditto seconds 2314; fresh gathered extra firsts 27@27%4¢; Tacific coast whites, extras 37@38c ditto firsts to oxtra firsts 31@35%40; cheese firm; state, whole milk, flats, 24@24%s; ditto average whole milk, GRAIN EXPORT FIGURES SHOW FALLING OFF Soar in General | 5 WASHINGTON, June 11.—Grain ex- Rush on ’Change the United States last week with those of the previous week are as follows. Barley. 62,000 bushels against 147.- 19,000 againet 121; rye 41,00 exainet ports ‘of heavy rains in Oklahoma, 831,000; wheat 2,644,000 against 3,386,- 000; flour 127,500 barrels against 163,- 200 barrels. Canadian grain in transit amounted to 744,000 bushels against bushels the week befor —— NEW FINANGE COMPANY 1S FORMED BY GASPER MEN Finance and Invest- Casper's newest It was incor- He ts gen- while Mr, Bretsch is Bishop, been retained as attorney. Potatoes 11. — Potatoes, 130 cars; total Wisconsin sacked round whites, 70@90c cwt. New stock, slightly weaker; Louisiana and Ala- bama sacked Triumphs, mostly $2.65; Cobblers, mostly $6.00. $2.50@ H South Carolina barre! NEW YORK, June 11.—Foretgn bar Mexican dollars 49%. 0% 00% HEAVY BUVING WHEAT MARKET IN RAILS ON DECLINES AT STOCK MARKET, TRADING END Industrials Heavy at Start but |Slowness of General Buying Strengthen—Closing Is and of Export Causes Drop Irregular ' —Gains Wiped Out NEW YORK, June 11.—Heavy buy ing of railroad shar from western poin of today’s more ac CHICAGO, June 11.—Further rains, S, particulariy| threatening excessive damage to was the feature in the southwest had a decided ive stock ma h effect on the wheat market Industrials were heavy at tho start|today during the early dealings. but strengthened later on more vor-| Estimates were that as much as 25,- able developments in the reparations | 000,000 bushels of wheat would be situation. Sales approximated 725,000 | lost owing to the excessive down- shares. pours. European political develop. The closing was irregular, equeez-| ents were also to some extent a ing of the short interest in California | Pullish factor and so too was an- Petroleum which rallied. over four| MOuncement of proposed removal of poluts,, Buoy dise | Italian duties on food imports. Open slinremiahi Ha ed selling of New|!" quotations, which ranged from York Central enlivened the late des b to Io higher, with July $1.12 Woolworth jumped 11% pol to $1,184 and September, $1.10% to ge 5 and General Blectric 41,, | $1:10% were followed by moderate x7 additional gains and then something NEW YORK, June 11.—Prices dis. | °f # reaction. Played a strong tone at the opening | Corn and oats were firmer with of today’s stock market. Heavy buy-| Wheat. After opening %40 to tc ing of the rails, particularly the low | M&her, July 81% to 8174c, the oarn priced issues, was again the feature | ™8Tket continued to hardem but a good demand also was noted for steels, equipments and other tRTIARCO! Leadon general buying and of export demand Gains of a point or more were|brought about declines at the last recorded by Atlantic Coast Line, Nor-| today in the price of wheat. ‘The folk & Western, Chicago & bastern| market closed steady but io to %c Illinois, Colorado Southern, Corn | Det lower, with July $1.11% to $1.11\% Products and Crucible Steel and September $1.09%. stirs Subsequently the market lacked NEW YORK, June 11.—Buying of| support and the -gains were more low priced ralis, particularly those|than wiped out. In which favorable dividend develop.| Considerable weakness developed in ments are expected, continued|the corn miirket when wheat declin. throughout the morning with orders}ed. Corn closed unsettled at %o net of merc! CHICAGO, June 11.—Slowness of factor. Strength of these issues was |to 81%c. used as a cover for bear selling and profit taking in the ol! and shipping | Wheat— shares. General Asphalt fell 24% to|July ~. 112) 1.125% 1.10% 1.11% a. new low for the year and Califor-|Sept - 1.10% 1.10% 1.09 1.09% nia Petroleum, Cosden and Sinclair] Dec - ~ 112% 1.13 1.14% 1.11% yielded a point or more. American | Corn— International Corporation and Amer- ican Ship and Commerce also touched new bottoms, dropping a point or so, as did Marine preferred and Atlantic 82 80% 81% 78% 77% 67% 67% If and West Indi Call money 42% 41% opened at 4%. B8% .BBM 40% 39% NEW YORK, June 11.—With new orders in various industries falling off, | July prices of speculative industrial shares] Serft continued to adjust themselves to a] Ribs— lower level in the early afternoon. | July Weakness was most pronounced in the | Sept sugars, steels and o!ls, with heaviness 11.17 11.27 11.15 11.27 4.40 247 91.35 11) — 8. - 910 9.22 9.10 9: ise Sa developing in some of the railroads, Atchison, New York Central, South. ern Pacific, Texas Pacific and Pe: Marquetto selling 1 to 1% Baie be. e CO Bamber es iniaer Aa e788 low ‘Saturdays? closing: Number 2 yellow 83% @83%. a Oats number 2 white 44@45%4; num. NEW YORK, June 11.—Rails re-| ber 3 white 43% @45, tained leadership of the market and 2 red 1,23; number 3 red 116%. way touched a new top. Corn Prod-| Ribs 850@950. ucts extended its gain to two points = and Schulte, Fleischmann and Public Service of New Jersey each advanced| Wheat—No. 1 northern, $1.13%@ a point. Forelgn exchanges opened | $1,24%; No. 1 dark northern, spring slightly easier, Cotton Prices choice to fancy, $1.31% @1.38%; good to cholce, $1,244%@1.30%; ordinary to good, $1.15% @1.23%; July, $1.11%; September, $1.13%. Corn—No. 3 yellow, T5%@77Kc. No. 2 white, 39% @40%c. 52@60c. Rye—No. 2, 67% @68%c. $2.85 @2.87. Flax—No, 1 NEW YORK, June 11,—Cotton AUILGAR CABINET prices soared this morning on a big hj General moyement induced by re (Continued from Page One.) expedition to capture Zankoff and Arkansas and Georgia. Opening 20 to 65 points higher the market quick ly advanced 72 to 87 above the Satur day closing, led by July which sold up to $28.65. October jumped to $25,15 and December to $24.44. hopes he will leave the country. Seca topes Eek French special writer in the Bul FUN A] ARKEQN TON garian capitol, believes nevertheless, that Zankoff spent all day Saturday in prison with the ministers of his cabinet, although he was subse- The second annual Bon Duree nov-| quently berated. elty dance will be held at the Ar-| Reports from the province, says keon dancing academy this evening.| the correspondent, are that armored Confetti, streamers, serpentine, every-| cars were sent to Plevna to disperse thing that goes with such a dance| some thousands of peasants who had will be on hand for tho affair tonight, | armed to resist the new regime. The One of tho features of the occasion| ministry of war expresses the belief will be the signing of Rex Mayne's.|that this opposition was put down Mr. Mayne {y always eure to draw in-| without difficulty, so was also a terest whenever he appears. similar manifestation at Radomir. The Bon Duree Cance is a public! Isolated shots were heard in Sofia entertainmont. A large crowd 1s ex-|on Saturday but no casualties we! pected this evening. reported. AJl the shops closed their _ ——-— —— | doors, even to the bakers’ establish Mitzi’s Re day. French officials are openly pess! mistic over the sftuation created in Bulgaria and the Balkans by last Saturday morning's coup d'etat, ‘The new regime at Sofia, it is ap. d ments. The capitol was calm yester- of the old pro-German element, some of the leaders of which have now come into prominence. These men are anti-Serbian, versity, traveled extensively through out Germany, Austria and Hungary during the war. Sap eget Weatinnns, Strine convention at’ Flax Seed. Mitzi is the ten ae, et | DULUTH. Minn , June 11—Closins Casall Adis of Louicinge, [fax July 228. bi tember 252% ober 24144. | bid; ¢ Livestock - from western points an important |lower to t%o advance, July 81% @%c Open High Low Close CHICAGO, June 11—Wheat number Rye nominal. Barley 60@69. Tim- 7 ” hy seed 5.50@6.50. Clover seed 15.00 ditto average | thelr strength imparted a firm tone | othy ®° | to most industrials. Southern Rail.|@17.50, Pork nominal, Lard 11.22. MINNEAPOLIS, Minn., June 11.— - All Markets PAGE SE Czechoslovak fep, 8 ctfs Danish Municipal 8s, A -. Dom. of Canada, 5s, 1952 — French Republic, 714s Kingdom of Belgium, 88 — Kingdom of Norway, 6s - State of Queensland, 6s U. K. of G. B. and'l., 5% American Smelting, 58 American Sugar, 68 ~ American ‘el and Tel., cv American Tel. and Tel., col tr. 58 — Anaconda Copper, 7s, 1938 ~ Anaconda Copper, 8s, 1953 At T. and San Fe gen Baltimore and Ohio, ev., 4s Bethlehem Stee con., 68, Ser. Canad fio deb, 4s Chicago, Bur. and Quincy ref., i, Mil, and § Chile Copper, 6s odyear Tire, 8s, Montana Power 5s A = Northern Pacific ref., 68 B Northwestern Bell Tel, 78 . Pacific Jenn W. 1t Sinclafr Con Oil col., jouthern Pacific cv., Union Pacific first 4s U. §. Rubber, 5s Utah Power and Western Union 6 Westinghouse Electric Wilson and Co,, cv., 68 -. ‘otal sale! wAv< Hane Here's Papyrus who won the English Derby,” Winner of English Derby 0 compared with $9,506,000 previo day and $7,617,000 @ year. ago. many who wagered in sweepstakes being lifted from poverty to affluence by his victory. Steve Donoghue, tha jockey shown here, Derby three successive years and fi |Police Say Nine $2 Bills Found on Him Were Raised to $20 SAN FRANCISCO, Calif, June 11 —Raeburn Doughty, halfback on the Stanfor! university team for 19: and later physical instructor in the Sacramento high schools, was held in the elty jail in communication to: day at the request of the federal secret service. He was arrested here Saturday after he was reported to have tried to pass in a drug store a $2 bill which had beef raised to $20, ‘The police said nine other such notes were found in his pockets. The police said Doughty had im: plicated another man in the alleged note raising. Doughty's parents, Mr. and Mrs, Frank Doughty of Los An- goles, Calif., suggested that their son might have been suffering from a mental lapse as the result of a cranial injury in @ football game. FEDERAL RESERVE BOARD HAS ONLY LIMITED RIGHT BOURT HOLDS IN CASES Parent here, means the reappearance | Jed right to enforce par |supreme court h: The Havas correspondent says it} is belleved in the Bulgarian capitol | | that King Borls knew of the plan| and Is thought to view favorably the|Georgin, sustaining the Atlanta re. overthrow of Zankoff, who put the| monarch In the position of a figure-|me head. Premier Zankoff, says the| writer, has been on intimate terma | | with the king, The new premier, a|state law of Nor socialist professor in law, Sofia uni-|ting banka to impose an exchange for WASHINGTON, June 11.—The fed- eral reserve board has only a limit clearance of checks by non-member banks, the today eciding two cases which have attracted wide attention in banking circles. A decision of the federal courts of serve bank in its effort to « ire pay at par, was upheld by tho highest court, but it also upheld as valid a Carolina permit of checks sent In for a c cashing check The effect of the Cecision was to affirm that the Atlanta k had |done nothing unlawful, but to vali date also the contenti imposed the res by his victory.on Papyrus won ve times in all. ei STANFORD HALF (BUILDING OF TUNNEL TO BACK HELD ONOPEN J0,000 ACHES | KITING CHARGE /NEGRKSKA WOOD REPORTS The building of the final tunnel what is known as the South Sid project in the Nebraska valley wij open 30,000 more acres of lang cultivation, according to A. B. Wood president of the State Irrigation efation of Nebraska and publisher q the Gering Courler and the Scott: bluff Star-Herald Mr. Wood drove up yesterday a: companied by Mrs. Wood. They ax] visiting at the home of their daug ter, Mrs. W. B. Sands, 430 West Ye lowstone avenue, The editor is very enthusiastic ov the growth of Casper. He first visi! ed the city when it was little mor than a sheep camp 36 years ago. Cashier Gets 20 Year Term For Embezzlement YORK, Pa, June 11—Thomas Baird, a defaulting cashier, of th City bank was today sentenced to 2 to 22 years in the penitentiary and William B, Boll assistant cashier given a sentence of 15 to 20 years b; Judge 5, M. Warner in the New Yor! County court today after they had admitted embezzling more than $1, 000,000 from the institution. Thi bank was closed in the latter part o| April, In addition to the prison terms Baird was sentenced to pay a fine o} $10,000 and Boll $8,000, WA a phonograph or desk, Or motor car you need, Consult with me and you will see 1 fill your wants with speed. CLASSY FIED - The Want Ad