Casper Daily Tribune Newspaper, August 24, 1923, Page 7

FRIDAY, AUGUST 24, 1923. _ LAST WEEK IS SLOW|== Conditions Not Unfavorable Despite Restricted Trad- ing; London Wool Sales Early in September to Hold Great Interest. BOSTON, Aug. 24.—The to: Commercial Bulletin will say morrow: “The demand for wool has been restricted again this week, so far as the volume of business accomplished is con- cerned, although some interest has been shown in almost every grade of wool and not all sales have been made with- out profit or loss. It m till be conceded, however, that Xe present is a buyer's market. Rat) better conditions as to stocks and credit are reported from the goods market, al- though lightwelght showings, except J i women's wear, have met with a rather cold reception, “The trade is booking forward to the next London sales commencing September 4 with special interest, and also to the opening of the season in Australia. Bradford is predicting a steady opening et London, particu- larly on merinos. Little new is re- ported from thé west this week, most of the business being on consignment at rather low advances. “Mohair is elow and the trade is decidedly at sea as to what the new fall clip will be worth.” The Commercial Bulletin will pub- lish the following wool quotations to- morrow: “Domestic: fleeces, delaine, fine, unwashed, combing 53¢P5¢a Ohio and Pennsylvania unwashed, 63@55c; 48@50c; half blood Michigan and New York fleeces: De laine, unwashed, 52@5%c; fine, un- washed, 480; half blood, unwashed, 54@56c; % blood, unwashed, bic; % blood, unwashed, 48@49c. ‘Wisconsin, Missouri and average few Bngland: % blood, 52@53c; % blood, 51@62c; quarter blood, 47@480. Scoured basis: ‘Texas fine, 12 months, $1.28@1.32 fine, 8 months, $1.15@1.20. California: Northern, $1.28@1.30 middle county, $1.16; southern, $1.00 @1.05. Orego: Eastern No. 1, staple, $1.88@1.35; fine and fine medium combing, $1.25@1.32; eastern cloth- ing, $1.15@1.20; valley No. 1, $1.15@ 1 Territory: Fine staple choice, $1.35; half blood combing, $1.20@1.25; % blood combing, $1.02@1.07; quarter blood combing, 85@90c. Delaine, $1.30@1.82; A super, $1.00@1.10. Best combing, 18@83c; best carding, 70@75c. AA, Kinney-Coastal and Texas Well Comes in Big Gusher * Steady progress is being made by the Marine Oil company on its No. 2 well at Sheldon dome, which has reached a depth of 108 feet. At this point the fifteen and e half inch cas- ing was landed and cemented. Work is temporarily suspended while the cement is setting. The Salt Creep Cpe the company are reported as follows. Wolverine CR-1 on section 6-89-78, 1s down 2,025 feet, with 1,907 feet of eight and a quarter inch casing land- ed. ‘Wolverine DS-1 on section 8-89-78, is at @ depth of 2,726 feet and is being cleaned out. Marine 4 on section 17-39-78, is un- dergoing government test and fas reached the depth of 2,475 feet. Marine 5 on the same section is be- ing cleaned out with the result that its production has increased to 79,6 barrels. Marine Making Progress on New Sheldon Dome Oil Test One of the largest from the Salt Creek field was brought in last Wednesday by the Kinney- Coastal and Texas company. This well is making between 38,500 and 4,- 7 000 barrels a day from a depth of 2, Conservation Violations Denied by, P.&R. President fF - wells reported} 735 feet. In 45 minutes 158 barrels ‘were made and the record of a three- hour test showed 604 barrels produc- tion. Thé location of the new com- pletion is on tract N, the northwest quarter of section 1929-78. Particular exception js taken by Frank 3H. Kistler, chairman of the board of the Producers & Refiners corporation, to the allegation that his company is obstructing the carrying out the pro rata rulings of the Salt Creek conservation committee on pipe ltne runs, He is quoted as saying: “This report is erroneous as far as our company is concerned as we have had no.expression of the wishes of the conservation committee. Most of Market Gossi our neighbors have been running 100 per cent of their production for sev- eral months, during which period our production was prorated. We are al- ways glad to co-operate in a neigh- borly way in any field we operate in if we can be assured and satisfied of absolutely fair treatment, but we ex- pect to operate our business along good business lines at all times, re- gardiess of the wishes of anyone else.” p and Briefs On Operations in Oil Fields Ohio Dividend Reduced. NEW YORK, Aug. 24.—The Ohio Of company today reduced its quar- terly ividend from 75 cents to 50 cents. This was said to be the first Standard O!l company dividend to be cut as a result of the depression in ol. Portland-Wyoming Company. Drilling operations of the Portland- Wyoming Oil company in the Ferris fela are given as follows: Well . 1, on section 28-26-86, which is down 8,156 feet, is under- reaming at 3,090 feet, and as soon as the underreaming is completed the ‘well will be drilled deeper, they ex- pecting to reach the Dakota sand at about 3,200 feet. Well No. 2, which is being drilled by the Baroch Drilling company, is now over 1,500 feet and are now run- ning 10-inch casing. Well No. 3, on section 21-26-86, is down 1,700 feet and is now ready to run casing as soon amit can be se- cured and delivered to the location. ‘Well No. 4, which has been con- tracted to the Baroch Drilling com- pany, is now rigging up and expects to start drilling the latter part of this week, “ONE-EVED MONSTER” AND FAULTY BRAKES SCORED BY RESIDENTS INTERESTED IN SAFETY CAMPAIGN “Seeing isn't always believing,” {s the startling statement of Mr. Weaver of the Doud-Weaver Motor company, “I curse the one-eyed monster of the road es the greatest cause of accl- dents in the motor world today.” “An approaching motorist is be wildered when he sees a single head- light approaching. There is abso- lutely no way to tell upon which side of the approaching machine the head- light is, and the way is well paved for a serious collision. A car might be better off with no lights at all. If two cars, each with only one head- ght. burning approach each other pon a dark highway, may the Lord give assistance for no one else can.” “Most of the one headlight cars are ae, OE A NIGEN TE BEV ELN De a marked by a glare from the one light which is equal in intensity to that from two ordinary globes. Especially is this true on a one-eyed Ford. All the ‘juice from the other lamp seems to have gone into the one that is still burning. This of course makes @n approach still harder. ‘There is a law against this sort of thing but It is not enforced.” Faulty brakes are scored by Elmer Carrier of the Yellowstone Garage as ‘a cause of many of the serious acct- dents. Mr. Carrier contends that Wyoming !s no country for bad brakes, because of the nature of tho land surface. What goes up must American T. and T. = 123% American Ti u7% American Woolen 84% Anaconda 41 Atchison) <u. ccs eeess, 16% Atl, Gulf and West Indies .... 13% Baldwin Locomotive —. Raltimore and Ohio — Bethlehem Steel =. California Petroleum -...... Canadain Pacific Centra! Leather .. Cerro de Pasco Copper -.. Chandler Motors ~~... Chesapeake and Ohio -.... Chicago and Northwestern -. Chicago, Mil and St. Paul pfd. Chicago, R. I. and Pac. .... Chile Copper Chino Copper --.-.... Consolidated Gas .-.--.W.... Corn Products ~...-<...... Cosden Oil ..-—.... Crucible Steel General Electric -. General Motors Guif States Steel -.......... Illinois Central Inspiration Copper -....--.-.. 28% International Harvester — 74% Int. Mer. Marine pfa 21% International Paper -.---.. 24% Tfvincible Of a Kelly Springfield Tire — Kennecott Copper Lima Locomotive ..--..... Louisville and Nashville -. Mack Truck Marland Ot! -. Maxwell Motors B MidGle States Ol] ..-.....-... 5% Missour! Kan. and Tex new .. 11% Missouri Pacific pra wanne--- 26% New York Central --. ————== (99 N. Y., N. H. and Hartford .... Norfolk and Western -...... Northern Pacific ~.-...-_.... Pacifio Oil ......-..... - 33 Pan American Petroleum B -. 57% ennsylvania -..-...--.-..... 43 People’s Gas ~_-_-_... ——— 93 Producers and Refiners ..... 24% Pure Oi} ... Reading — ——-- 15 Republic Iron and Steel --_-._. 47% Sears Roebuck --_. 16 Sinclair Con Of -__. -- 20% Southern Pacific — Southern Railway Standard Ol) of N. Studebaker Corp. - Texas Co. Texas and Pacific -.. 15% Tobacco Products A ----... 83% Transcontinental O11 4 Union Pacific 130 United Retail Stores ----_-_. 16%4B U. 8. Ind. Alcohol] -------.... 48% United States Rubber -. 89% United States Steel -. 91% Utah Copper --. -59%B Westinghouse El = B8% Willys Overlandi -_. ™ American Zinc, Lead and Sm. 8% Butte and Superior -----.... 15% Colorado Fuel and Iron -.. 29% Mdntana Power National Lead 63% B 122 Shattuck Arizona 6B or —— NEW YORK CURB Open Close 14% 15 84% 85 33% 34% 108 110 62% 63 Illinois ~-.--------. 158% 159 Indiana ~-.-----------. 96 97 Nat. Tran. ...--------. 24 24% N. ¥. Tran -----.-.-- 101 102 Nor. Pipe == 102 108 Ohio Ol] ..--nnecnne-- 51 53 Prairie Oll 172 Prairie Pipe .—. 100% 101 Solar Ref. 175 + 180 Sou, Pipe .-------.--. 96 97 8. O. Kan ..---—--. 39% 40% 8, 0. Ky q. Tay 1) 90 8. O, Neb, -----..---. 215 225 8. O. N. ¥. ---------. 38% 38% 8S. O. Ohio one 275 280 Union Tank —- 85 89 Vacuum ~~------------ 44% 44% 8S. P. Ofl -..-------- 118 125 8. 0. Ind. 51% 51% Crude Market Cat Creek ~.-----.-~-----------$1.15 Lance Creek 70 wooo ee-----=------ 1 Osage —- ----—_— 1 Grass Creek Ssooat dl Yorchlight ------- -. 1.70 ae 1.70 Greybull ....22. ance nnnenencee 1:10 Rock Creek —~-——. - 1.25 erewennnna—-n- 1.25 Big Muddy 2... .—-+0+ ee emnnn= 1, Hamilton ...---.--. 1.85 Mule Creek ..-. = (95 quires brakes, and those brakes must be good. “In my work in the shop at the Yellowstone Garage,” says Mr. Car rier, “I am able to get first hand in- formation upon the condition of Cas- per’s general braking surface. It is deplorable. One would never think that motorists in their right minds would allow brake bands to get into the condition in which I find many of them. I Uttle wonder that col- lisions and epilis on the mountain side are many in Casper.” pecans Recess ae Flour Higher. MINNEAPOLIS, Minn., Aug. 24— Flour unchanged to 15c higher; fam- fly patents $6.25. Send your autoraobile news to come down, and coming down re «spark Viug'—Care Tribune, Burke --—. Blackstone Salt Creek Chappell ------------- Columbine Consolidated Royalty. Domino .-. Elkhorn Wyo-Kans -.. Western States Xi OM beste Mountain Producers . 1 Glenrock Oil ~~... Salt Creek Prds. Salt Creek Cons -. New York Oil . Marine Mutual <....----.-— 8. O. Indiana BE. T. Williams .... .59 Fargo -—-—-___.._ .38 Frant ~.-...----— 4.50 Gates .------—-.-. 08 Jupiter .—.. 01 Kinney Coastal ... .21 Lance Creek Royalty. .00% Mike Henry ---. - 00% Mountain & Gulf -.-. 1.13 Pleardy -----u-----.. .03 Red Bank ------—... 3.00 Royalty & Producers - .05 Sunset ~-.-----—.--. 01 Tom Bell Royalty ..- .01% Western Exploration. NEW YORK CURB CLOSING 00 Livestock Chicago Prices. Department receipts 26,0 ly $8.25@8.65; sows smooth $6.85@7.40; packing sows rough $6.50@6.85; slaughter pigs $7.25 to $8.75. Cattle, receipts 5,000; CHICAGO, Aug, 24.—(By The U. 8. of Agriculture.)}—Hogs, active, generally 10 to} year. 15e higher; bulk good and choice 160}eral Ust to to 240 pound averages $8.80@9.00; top| fresh buying toward noon started the $9.10; bulk desirable 250 to 825 pound packing sows|Frult, Mack Truck, Bosch Magneto mostly $6.90%7.70; pigs strong to 25c]and Davison Chemical advanced 2 to higher; desirable strong weights large-|3 points. heavy weight $7.90@| per cent. 8.80; medium $8.40@9.10; ght $7.55@ receipts in- :- Finance -- Bonds -- Stocks -:- Grains -:- Livestock -:- DEMAND FOR WOOL IN | OILSLEADIN Causes Slump In Ex- change Issues NEW YORK, Aug, 24.—Stock prices displayed a firm tone in today's early dealings but turned heavy toward the close on unfavorable dividend news ‘Trading again was restrained by the threat- ened suspension of work in the hard Sales ap- affecting the ofl stocks. coal mines on September 1. Proxfmated 500,000 shares. NEW YORK, Aug., ward. ser, up 1% and DuPont up 1. 15 oft a new top for the year. Foreign exchanges opened firm. Speculative apprehension over the maintenance of current dividends by coupled with publication of a pessimistic in terview on the oll situation, was uti!- ized by bear traders to sell this group Marland dropped two points; Producers and Refiners 2% to 24%, a new low, and Cosden preferred in the first sale in six weeks, fell off the lowest of the This weakness caused the gen fractionally but some of the ofl companies, freely. 12% points to 85, yield ist upward again. Dupont, strength after midday, but pric morning. American Beet American Sugar, Cuba Cane clude over 2,000 direct; beef steers and|P*eferred, South Porto Rios Suga yearlings steady to weak with Thurs- : ' points. Several specialties were also ayia Gectttes tow steers and yearings | terlally Wetier, particilarly Butter. Ick, New York Alr Brake, Eastman ‘sna| Kodak, National Enameling and Du heifers $11.00; better grades she stock} Pont, the last mentioned rising al dull, around steady; canners and cut- ters fairly ective; fully steady: canners and cutters $2.60@3.25; veal- here above $10.0 and yearlings $8.50@10.2 $10.50; mixed yearling few londs steers } best steers ste ers, bulls, stockers and feeders s' siders $13,00@13.50. Sheep, receipts 14,000; choice fat $13.75@13.95; mos 110 pounds $11.00@11.2 3 bulk eady; bulk heavy bologna bulls $4.65%5.00; vealers to packers $12.50@13.00; out- good and lambs steady to strong; others generally steady; sheep scarce and steady; early sales western lambs desirable natives $13.00@18.50; culls generally $9.50@| CHICAGO, 10.00; good yearling wethers around] stronger; receipts 60 cars, total U. S. heavies| shipments 625; Kansas and Nebraska and Punta Alegre advanced 2 most four points. O!l company dividend. Potatoes Aug., around 122 pounds $10.00; fat Mght/ sacked Irish Cobblers U. 8, number 1 weight ewes upward to $8.60; heavics around $5.00; early lambs $13.85: some held hi, sales feeding| Nebraska sacked igher. Omaha Quotations, OMAHA, Neb. Aug. 24.—(U. 8. De partment of Agriculture.}—Hogs, re ceipts 8,500; market active, 20 to 35c ight butch: ers 190 to 240 pounds $8.40@8,55; top $8.60; strong weight butchers 250 to 350 pounds $7.90@8.40; mixed loads $7.40@8.00; packing sows mostly $7.00 higher; spots 40c higher; @7.50. Cattle, receipts 550; hardly enough cattle here to test market conditions. Trade quiet in all divisions, about steady; quality plain; part load yearl- Ings at $11.15, to strong; bulk fat fat ewes here $7.50; feeding lambs light lambs quoted] cables, 39.87. $12.25 to @13.1 western lambs | France, $13.00@13.10; with $18.13 bid; native up to $13.25; feeding ewes $7.85. DENVER, Colo., Aug, 24.—(U. 8:|czecho Slovakia, demand, 2.94. 2.60@2.75 cwt; heated .45@2.55 cwt early Ohios U. S. number 1, 2.30@2.35 cwt; Idaho sacked rurals U, 8. numb r 1, 2.60@2.75 cwt; fal ty Ohios number 1, rly graded 1.90@2.00 cwt; Wiscon sin bulk round whites fine qualit: 2.60@2.65 cwt; ungraded cwt, —_———__ NEW YORK, Aug. 24.—Foreign ex- changes steady. Quotations in cents: banks, demand, 5.63; cables, Italy, demand, 4.31%; cables, Belgium, demand, 4.52; cables, Germany, demand, .000021%; cables, .000028%. Holland, demand, 29.34; Norway, demand, 16.29 Sweden, demand, 26.59. Denmark, de- mand, 18.58. Switzerland, demand. 18.06. Spain, demand, 13.46. Greece, demand, 1.84. Poland, demand, .0004. Jugo Department of Agriculture.)}— Hogs—|sjavia, demand, .0104%. Austria, de- Receipts 1,5' active; higher; only 4| mand, average 190 pounds; drive mostly sales $6.50 to $7.00. Cattle—Receipts 50; cows; heavy grass heifers dologne bulls $3.75; stockers or classes poor. Sheep—Recetpts 196; atx pound Colorado lambs $13. steady to strong. Sugar steady; grass $5.50; few Practically no feeders demanded, with cars 69 looks NEW YORK, Aug. 24—There was a better inquiry reported for refined fined futures nominal. sugar today and vrices were unchang- ed at $7.50 for tine granulated. Re- Sugar futures closed firm} approxi- mate sales, 4.08; December, 4.10; Butter and Eggs CHICAGO, Aug, 24—Butter higher; creamery extras 430; standards 42%0, extra firsts 41@420, first seconds 37@37%c. Fess higher; receipts 9 firsts 26@27%c, ordinary 26¢, storage pack firsts 28a, 25,000 tons; September, March, 3. 28% @40c, 293 firsts 24% anes .0014%. Rumania, demand, Argentine, demand, 32.50. Brazil, .74. Montreal, 97%. A6, Money, NEW YORK, Aug. 24.—Call money, firm; high, 5; low, 5; ruling rato, closing bid, 5; offered at 5%; last an, 6; call loans against acceptances, 4%; time loans, firm; mtxed collateral, 60-90 days, 6%; 4-6 months, 5%; prime commercial paper, 6%. NEW YORK, Aug. 24—Copper, steady; electrolytic, spot and futures, 14@14%. Tin, easy; spot and nearby, 39.87; futures, 89.75. Iron, steady; prices unchanged. Lead, steady; spot, 6.50@ 6.75. Zinc, steady; Wast St. Louis spot and nearby delivery, 6.50, Antimony, spot, 7.55@7.65. Silver NEW YORK, Aug. 24—Bar allver 62%40; Mexican dollars 47%. LONDON, Aug. 24 Bar all pence per ounce. Money 2% per cent 6 20% er 30% STOCKDECLINE) BOOST WHEAT Unfavorable Dividend News 24.—Tnitial prices were somewhat mixed at the opening of today’s stock market, with most of the usual leaders pointing up- Some of the specialties con- tinued yesterday's advance, notably Ki Speculative interest concerning the reason for the eager buying of Erie shares continued keen this morning with the common stock climbing to Prices preferred issues also were better -10| The rest of the list crept steadily up- 16.87 | ward with St. Paul preferred, Ameri- and Bosch Magneto gaining 1 to 1%. United Call money opened at five Sugar shares burst into activity and s of some of the usual leaders ruled a shade under the best figures of the to 3 ‘The closing was easy. The upward moyement spent its force in te final ;|hotir, prices falling sharply on the announcement of a cut in the Ohio 24. — Potatoes quality 2.50 cwt; Minnesota bulk 0@2.75 cwt; 2.20@2.40 ‘| with them thelr just reward,” United PAGE SEVER. All Markets | FAUST REPORTS |(° 3 ~100.03 Late Market Recovery Is Aid- 100.02 d by Canadian Reports; | liberty ist 4% re rn e y Canadian Reports; rty ist 44a aaa 8 Liberty 2d 4 98.13 Closing Strong Liberty 84 bff 7G SRO TT ST EEE PRT EETOSELS * Liberty 4th 44s 98.15 U, 8. Govt. 4%s____. CHICAGO, Aug., pea tations at Liverpool good demand for choice cash wheat had a tendency ot lift wheat values here today during the early dealings Buying by commission hotses was general at the start. Weakness in the corn market, however, brought out in- creased offerings and the market|State of Queonsiand ts c underwent a slight easing off. Open-| U. K. of G. B, & I, 548; 37 ing prices which varied from unchang. ed figures to %o advance with Decem- ber 1.04% to 1.05 and May 1.10% to 1.10%, were followed by a slight gen eral decline. Predictions of frost in parts of the northwest and reports of lower tem: peratures in Canada later broug'! about @ recovery and the finish was strong, at gains varying from 11c to 2%0, with December $1.06%@% to $1,06% and May $1.11% to $1.11 Liquidation of the September de- livery of corn gave weakness to that grain at the outset. After opening % to 4c lower, with December .66% to the corn market underwent a slight further setback and then re: covered a trifle. Buying by previous sellers later brought about a reaction, the Septem ber delivery being ‘erratic while the deferred months were strong. The close was unsettled, prices ranging from %o to 1%c, here, with Decem ber 68%o to 68%o. Oats followed corn, starting un changed to Keo off with December 40% to 40% and holding close to the initial range. Provisions reflected the strength in wheat and hogs. Czechoslozak Rep. 8s ctfs .. Danish Municipal 8& A —. — Dominion of Canada §s, 1953 — French Republic 7%s .. Japanese 45 .. Kingdom of Belgium 8s —. Kingdom of Norwa: ep. of Chile 8s, 1946 — American Smelting 69 Amer, Sugar 63 _ American Tel. & Tei Amer. Tel col tr 5a Anaconda Copper Anaconda Copper 1953 . Montana Bond Uist At. T. & Ban, Fo gen 4s Baltimore & Ohio cv 44s... a Bethlehem Steel con és ser. A ———_-—. ‘anadian Pacific deb. 4s —.— hi, Burl & Quincy ret 5sA Chi. Mil. & St. P ov 415 Chile Copper 6s Goodyear Tire 8 Great Northern 7s A ... M ana Power hern Pac, Northwestern Bell Tel 7s — Pacific Gas & Elec, bs Penna. R. R. gen 65 Sinclair Con. Oll col 74 - athern Pac. cv 4s . ion Pao. Ist 48 . 8, Rubber 6s SREaETS Utah Power & Light 6s... Western Union ‘6s .. \ inghouse Wilson & Co. n its honest development, the quicker! but with Iabor also the economic war we will reach prosperity and progress.| business abandons the present pred- “Out of the dollar labor pays for|atory methods and unites with the the products of the farmer, the farm-| producers and consumers of the coun- er gets 37 cents as officially reported|try in sharing with them their just by the joint committee of congress.| reward.” Out of the dollar the farmer pays for| the product of labor, the laboring man WHEAT— Open High Low Close Sept. 1.00% 1.02% 1.00% 1.02% Dee. —~ 1.04% 1.06% 1.04% 1.06% — 1.10% 1.11% 1.10 1.11% sets even less. This last fact is dis- puted but I think is substantially cor- —- 83% 84% 82% Sa 06% 68% 66% ‘ ihe pp ties “The cost of distribueron in the United States is unbearable, Its} 38% 40% 42% 39% A0% 43% 11.27 11.40 waste and inefficiency {s destroying usiness itself, During the last ses- sion of congress a distinguished Un- ted States Senator sald that 95 per it of American business as now or- ganized ultimately fails, This sit- uation is unstable and unsound. “Since the farmer is the principal consumer of the products of labor, — and In labor I include the brain work- Cash Grains and Provisions. ers, and since labor is the principal CHICAGO, Aug. 24.—Wheat—No. 2] consumer of the products of the farm- ved, $1,03%4@1.04%; No. 2 hard,Jer, these facts ate calling them to- 31.03% @1.08%. gether for the solution of this vital Corn— 2 mixed, 88c; problem of our economio system, mixed, 894% @90%c. “In order to prevent this coopera- Oats—No. 2 white, 40% @43%4c: tive union of the great body of pro- 3 white, 3944 @40%e. ducers and consumers of our country Rye—No. 2, 68c. & great persistent propaganda is be- Barley—56@66c. ng launched, In this there is no Timothy seed—$6.00@6.90. more energetic agency than the man- Clover seed—$15.00@18.50. ufacturer's news. Pork—Nominal. “The Manufacturers’ News,” declar- Lard—$11.27. ed Senator Brookhart "had picked Ribs—$8.00@9.00. out @ particular class of highly paid abor and olted that as proof that abor as a whole is getting more than ts share, “Why does the Manufacturers’ News be so unfair,” he continued. “Such unfairness might be excusable in the ordinary man, but it is positive fraud and deception when practiced by a paper like the Manufacturer's News.” Senator Brookhart cited statistics on the department of commerce to show that on the 44 billion dollars of capital invested !n manufacturing and the 25 billion used tn the process of manufacture, a return of 21 percent was earned in 1919, while waxes paid more than 9,000,000 workers averaged approximately $1,100 a year, | “If farmers could have had half of| this vast return upon their 78 billion dollars of capital they would have been happy indeed. And if they could get one third that much upon thelr present capital, deflated to 60 billion dollars, they would also be happy, “When we figure that during the} it 18 years the total {ncrease in ag-| ricultural wealth is only about three percent @ year, it is not hard for the farmer to decide that other capital is) ing vastly more than its share, 1 ‘And since wages have been re- duced until they probably do not av-| erage nine hundred dollars a year, the farmer knows that his natural ally 1s labor and not capital, | “When manufacturers and business | men of the United States reached the same conclusion that they can at! Join not only with the farmer, 38% 39% Any 38% 40% ABH Sept. —.—11.15 Oct, 11.80 RIBS— Sept. Oct. 11.15 11.80 11.27 11.40 8.47 8.53 8.55 8.55 8.45 8.52 8.55 8.55 ‘The simplest way to end acorn is Blue-jay. Stops the pain in- stantly. Then the corn loosens and comes out. Made in clear liquid and in thin plasters. The action is the same. Bluejay FREE For a limited time only, with each Vacuum Cup Tire you buy, we will give you ABSOLUTELY FREE One TON TESTED TUBE of Corresponding Size A double inducement you cannot afford to overlook. Price reduction on Vacuum Cup Tires, plus this free Tube Offer, makes an ap- proximate SAVING OF O% Offer limited—better take advantage NOW! Liberty Garage 428 South Elm. Phone 983 No. 3 NEW YORK, Aug. 24—Cotton, spot, quiet; middling, 25.45. eshte el cadet Flax Seed. DULUTH, Minn., Aug. 24.—Closing flax: September, 2.37 bid; October, 2.81% bid; November, 2.31% bid; De cember, 2.28 asked. ECONOMIC WAR TO CONTINUE. IN UNITED STATES So Says Solon in Plea For Recognition of Producers. DES MOINES, Iowa, Aug. 33—(By The Associated Press.—'The econo- mic war’ will not end “until business abandons the present predatory meth- ods and unites with producers and consumers of the country in sharing States Senator Smith W. Brookhart declared in an address here today be- fore the Lions Club. Eoonomto cooperation of al! classes, said the senator, is the solution of the problem created by inequality of reward. Senator Brookhart declared that capital 1s taking a vast toll of labor,”| and that this, with the decreased earn- inge of the farmers, rendered labor-| ing men and farmers natural allies. Propoganda seeking to separate! them, ho declared, was being given wide distribution, “It is my contention,” said Senator Brookhart, “that the interests of the producers and consumers are the same | and that all men are, or ought to be) both producers and consumers, The agencies of distribution, including) transportation credit and marketing, are the servient and not the dominant) power, “Ot first importance 1s production, | the only ultimate purpose of produc tion is umption. Certain basic facts call the farmer and the laborer together upon this economic theo! and the quicker business the soundness of this theory and joi ‘A Good Closed Car Awaits Your Inspection Come In And See Us About a Demonstration Phone RN YenStent Second and 1406 EERE LED Yellowstone CASPER, WYOMING: