Casper Daily Tribune Newspaper, August 26, 1923, Page 9

SUNDAY, AUGUST 26, 1923. OILS LEAD DECLINE IN STOCK TRADING Dividend Rate Reductions Exert Bearish Influence Along With Coal Strike Prospects in Checking Upward Trend dends continued to exert a bearish influence during to- nate periods of weakness and strength in the general list. Oils and motors suffered the heaviest losses in today’s ing, although the trapping of an over-extended short interest resulted in a sharp advance in Davison Chem- cal, which rose seven points to 41, for the session approximated 300,000 shares and the closing was During the week operators on the ong side of the market apparently re willing to support their favor- ites. at current levels but seemed dis- po to await further developments ri ng on the economic situation be- fore extending their commitments. The threatened suspension of work {mn tne hard coa] mines on September 1, cast a shadow over the market and tended to restrain trading. For- elgr developments continued to at- tract interest, but they had little or no #ffect on stock prices. he relatively poor July income repert of the Union Pacific system had @ temporarily depressing effect on she ratiroad shares, despite the fact that the reduced income was dl- o Drilling 30 Wells; expenses. rail group. ket. of next year at present prices. working days. holding firm. week but raltied later. in Morocco. are now in the pro-| No, ig drilled by the Ohio Oi! 78; drilling at 1180 feet. company or its various leases in this, O'Brien Springs. and other earby states. No com- recorded for the week bailer at 2900 feet, Mahoney 2570 feet. section 20-46-98; sidetracking )casing at 2178 feet. Stateland, section 19-46-98; 1925 feet. * Baxter Basin. No. 1 section 14-17-104; tools at 1150 feet. underreamer lugs at 2365 feet, Hidden Dome, 2350 feet. , section 20-29-78; ting gas engine. | t. 1, section 17-| Bee are. ed at 1754 feet. No. 3 Larson, fishing tools at 1350 feet. No. underreaming at 1400 feet. No. 7, Davey, Arilling at 1325 feet. 80-78; cleaning out No, 8 Castle Roc! 12-39°79; drilling at Lance «No. 1 Thompsorf, section at 3285 feet. No. 1 Schurichft, section cementing at 316(R feet. No, 2 Cash, No.} 1, section 4-85-65; shut down at 3100? feet. River. & Tr, BY) ‘illing at 3115 feet.) & Cooper, W% ented at 1440 5-35-65; 5-35-65;/ ning liner at 1687 feet. | derreaming at 1680 feet. | No. 8 Davey, drilling at 1355 feet. No. 2 Harr! on 3-19-78. No. 2 Harriso: section 11-19-78; feet. 35-2W; drilling at 1564 feet. drilling at 860 feet. Ui Cattle, section 27.) No, 1 Coa'ville, i fishing for tools at 1770 feet. Gains in Last Week CHICAGO, Aug}. 25.—With large strength in hogs accumulations in (the visible supply Today's range of wheat which is\now estimated at lows: nearly 60,000,000 | bushels, prices WHEAT— lifted provisions. Open scored another slight advance in to- Sept. ---- 1.02 1.04% 1.01% 1.03 @ay's short trading period and tho Dec. —-..- 1.06% 1.08% 1.06% 1.07 closing quotations showed a sub- May --—- 1.11% 1.13% 1.11% 1.12% stantial increase for the week, For-- CORN— eign export business showed marked Sept. 83% 83% 82% 83 revival in late trading and increased Dec. 68% 68% 67% 07% Prices in Liverpool had the effect) } - 69 69% 68% .68% of bolstering the demand here. | OATS— The finish today showed gains Sept. 39S 38% 88% ever opening prices of %e to %c, Dec. 40% 40% 40% 40% ith December $1.07 to $1.07% and May 43% 48% 42% «42% YY $1.12% to $1.12%. LARD— Corn abowed fractional losses tor! Sept. ----11.87 11.45. 11.35 11.87 the day, the close being easy, with | oa -11.47 11.55 11.47. 11.50 December: S745¢ to 67 Ko. |Sept. ---- 8.60 8.70 8.60 8.70 Compared with a week ago all Out." g70 8:80 8.70 8.77 Brains as well as provisions were at higher levels today than the opening on Monday. A large part of the business in wheat of late has been buying of September and selling of the distant) Cash Grains and Provisions. CHICAGO, Aug. 2 red, $1.04%; No. 2 hard, $1,05% @1.07%. futures, which widened the Rr re mae 88440; No. 2 between September and May to °' No 2 white, 40% @42Kc; About ten cents a bushel, the best from a carrying charge standpoint in years. Improved buying of fu- tures at the close of the week was ©n predictions of frost in the north: West and reports of lower tempera- tures in Canada. Reports have been) current that France bought wheat | from Russia and repeatedly atten- tion been called to the large ex: portablé surplus ‘in Russia, These the trade believes, are for the pur pose of enabling foreigners to buy oyr wheat at lower level: Stocks of corn are light and de Icreasing and prices for the Septem- ‘ber delivery touched the highest of the season, Cash grain also sold At best prices of the season. The new crop is expected to be late, be- Hing delayed by the excessive August rains and fears are expressed that ome of the crop may be caught by fr ost. Oats situation is regarded with ore fayor. A big shortage in the Beptember delivery with a covering —>—_— ovement was responsible for an| Flour Prices. npturn of almost one cent relative) MINNEAPOLIS, Minn., Aug. 0 the December and May deliveries.| Flour 10@35c higher; family patents Firmness of grains and the! $6,.35@6.60. Bram $26,00@26.50, No, 8 white, 39% @40%c. Rye—No. 2, 65% @69%c. Barley—65 @ 65c. Timothy seed—$6.00@6.90. Clover seed—$15.00@18.50. Pork—Nominal. Lard—$11.40. Ribs—$8.25@9.12. Potatoes CHICAGO, Aug. total U. 8. cars; shipments, Kansa ebraska sacked Early Ohios, U. 8. No. 1, $2.50 ewt.; Idaho sacked Irish Cobblers, U. 8. No. 1, $2.60@2.70 ewt. NEW YORK, Aug. 25.—Reductions in oil stock divi- day’s short session of stock trading at the close of a week marked by firm demand for the usual leaders and alter- rectly traceable to higher operating Strength of the Erie rail- road shares was the feature of the The unsettled condition of the oil industry undoubtedly was one of the most disturbing factors in the mar- Steel mills are accepting bus!- ness for delivery gn the first quarter Blow- ing out of a few blast furnaces in the Pittsburgh and Youngstown dis- tricts has provided additional labor needed by reason of the shorter Equipment compan'es have suffi- clent business booked to carry them through the end of the year. Mo- Che Casper Sunday Morning Cridune | New York Stocks | Alied Chemical & Dye --.... 67% American = ee American Car and Foundry - 163B American International Corp 18% American Locomotive -. American Smelting & Ri American Sugar -. American T. and T. American Tobacco American Woolen Anaconda Copper Atchison --_....___ i 86H Atl, Gulf and West Indies .. 13 Baldwin Locomotive Baltimore and Ohio Bethlehem Steel -------- 52% California Petroleum Canadian Pacific flay ae — ‘erro asco Copper -----. 40 Chandler Motors --~.. 53 Chesapeake and Ohio Chicago and Northwestern Chicago. Mal & St. Paul pM — Chicago, R. I. and Pac ~..-.. Chile Copper Chino Copper — Consolidated Gas ~..--.-——. Corn Products -... Cosden Oil ~---.W.-.. Crucib'e Steel ----.-.....-.-. Cuba Cane Sugar, pfd -..... Brie -.... --+---------. Famous Players Lasky -.. 70 General Asphalt ~-..--.-....26% B Genera! Electric ~-.-..-.-..- 177 General Motors ~-------.---. 15% Great Northern pfd . ~. 54 Gulf States Steel — 81% Illino’s Central +..----.--..-105%B Oil Securities @y Wilson, Cranmer & Company) LOCAL OIL STOCKS Bessemer 02% 3.20 70 15 10 CLOSING Mountain Producers 14.00 14.12 6: " 16.87 787 10.00 tor and motor accessories stocks are Foreign exchanges were slightly re- actionary, Demand sterling touched a new low for the year early in the Spanish ex- change was sharply depressed a result of unfavorable developments o Completions in Week 10 Stateland, section 24-20. No, 2, section 2-24-87; fishing for Dome. No. 3 section 36-26-88; drilling at | No. 1 section 26-16-77; drilling at fishing No. 1 section 22-16-105; fishing for No. 1 section 31-48-90; drilling at No. 2 Barr, section 2-35-22; cement- section 17-35-2W; 1 O'Haire, section 35-86-2W; section 3-35-2W; No. 7 Baker, section 8-85-2W, run- No. 8 Baker, section 3-35-2W; un- section 8-85-2W; No. 4 Emmert, acct. 2, section 15- No. 1 Jenkins, section 14-84-2W; section 6-2N-6H; of quotations fol- High Low Close 25.—Wheat—No, leables 4.61%. 25. — Potatoes, strong on early Ohios; receipts, 48 796; sacked Early Ohlos, partly graded, $2.20 ewt.; Wisconsin sacked Early Ohios, U. 8. No. 1, $1.40 ewt.; Inspiration Copper —---..-.--28% B International TA% Int. Mer. Marine pfd. --....-21% B International Paper .---..-. 34 Invincible Ol] ~..-..-.--. Kelly Springfield Tire Kennecott Copper --. Lima Locomotive ....------- Louisvil'e and Nashyille -... Mack Truck a Marlang Oli _. Maxwell Motors B Middle States Of Livestock Chicago Prices. CHICAGO, Aug. 256.—(U. 8. De- partment of Agriculture.)}—Cattle— Receipts, 1,000; fed beef steers and yearlings of value to sell above $12.00 @ quarter higher; others around 25c lower; spots lower; west- ern grassers, steady; better grades she stock, strong; in-between kinds, steady; canners, strong to 10c higher; vealers, $1.00 higher; bulls, steady to 16c higher; stockers and feeders, steady; bulk prices follow: Bulk fed steers, $9.60@11.65; west- ern, $6.75@7.75; butcher cows and heifers, $4.65@8.75; canners and cut- $2.60@3.25; veal $12.00@ | stockers and feeders, $5.50@ Missouri Pacific pfa .. New N. ¥, ‘orfolk and Western Northern Pacific Pacific Of] | --- e. Pan American Petroleum B Pennsylvania People’s Gas -. es Producers and Refiners -.._ Pure Oil Reading — Republic Iron and Steel -.... Sear Roebuck -. Sinclair Con Oi! Southern Pacific Southern Ralway - tandard Oil of N. J. -. Studebaker Corporation 13.00; 7.25. Sheep—Receipts, merket generally mostly native; best offers $13.50; market for week directs around 10 per cent; western run 210 doubles. Compared with a week ago: Fat lambs, culls and yearlings, general- ly steady; top western, $14.1 native, $13.50; aged killing stock, strong to 26c higher; best light- weight ewes, $8.50; feeding lambs, 26c to 360 higher; practical top, $14.10; bulk prices: Fat western lambs, $13.50@18. $12.75 @18.25; culls, $5.50@10. wet » $I @7.50; feeding lambs, $13.00@14.00. Hogs—Recetpts, 4,000; mostly 15¢ to 25c higher; spots show more ad- vance; bulk good and choice 160 to 240 pound averages, $9.00@9.25; top, $9.25; bulk desirab) 250 to 325 pound butchers, $8.25) ing sows, largely $7.00@7.4' strong weight pigs, around $8.50; feeders, Transcontinentl! Of Union Pacific U. 8. Ind Alcohol ...--.-.... United States Rubber -...... United States Steel -.-... 91% Utah Copper ---..-.---.-----59%B Westinghouse Electrio -----. 58% Willys Overland ~--_.. ane 7 American Zinc, Lead and Sm. 8% Butte and Superior ~...---.-. Colorado Fuel an@ Iron --.-.. Montana Power -- 13%4B National Lead Shattuck Arizona 6B Standard Oil Stocks NEW YORK CURB STEEL LABOR POLICY CHANGE IMPORTANT Great Interest on Part of Both Capital and Labor Centered in Experiment Reducing Length of Workers’ Day in Mills WELLESLEY HILLS, Mass., Aug. 25.—Roger W. Bab- son, when today asked as to what has been the leading development in the labor situation during the last few weeks, immediately replied, ‘The Steel Corporations’ change of attitude relative to the twelve-hour day.” Mr. Babson’s complete statement is as follows: “Ever eince the manufacture of, roads. steel b ” 4 jecame an industry,” €X-| has granted an: increase of plained Mr. Babson, “the workers in certain portions of the plant have] Cents an hour to two thousand shop. had a twelve-hour day. The reason for this is obvious. The furnaces in a steel! plant must be kept in con- stant operation at a white heat. ‘They cannot be shut down like the furnaces in a shoe factory or woolen mill, Working hours were longer! when the first steel plant was built than they are todsy. Consequently as there are twenty-four hours in @ lay, the shifts were set at twelve hours each. “After a recent Investigation the steel mil's reported that they woyld ontinue on this schedule in spite { the fact that hours in other in fustries had been shortened. This ought down a storm of criticism 4 protest from both working men the general public. Early this onth Judge Gary announced that 1e steel corporation had reversed ts policy and this week one or more of the furnaces start on an eight- hour basis. It is interesting to note that in the announcement made on} August 2, Mr. Gary gave the credit to President Harding, who had urged him so earnestly to make this change. Of course, the shift must be made gradually as it involves the readjustment of the whole process various increases. labor board is still holdin; vate contract work, suc! The tuced pay. th the railroads »pen shop. ome increases and is rs which Is a healthy condition. he general feeling, however, that wage increases their peak for this period and that the labor situation is Certainly the railroads are getting very much better results in the re- pair of their locomotives and cars than they have had for years, More- over, they and are loading about ope million cars a week, which js an unusually high average. been resumed. gasoline will sell at 15 cents a gal “Meanwhile wage constantly ing plas Oil and Gas Prospectors increases are on the rail- try, will yet come true.” ‘Open Close | estimated holdover 2,500; heavy- Anglo. ----—. - 4% weights, $8.00@8.90; medium weight, Buckeye -—. 84% $8.50@9.25; light, $7.75@9.25; light Continental ----.. 38% light, $7.60@9.20; packing sov’s, Cumberland - smooth, $7.10@7.65; packing sows, Calena ~---—------_-.- rough, $6.75@7.10; slaughter pigs, Illinois ~-----------~ $7.25 @8.75. Indiana “kate me BL Nat. Tran, ---.---... Y. Tran ..------ Nor. Pipe ---------~ Ohio Ol) Prairte 0} — Prairie Pipe -—--. Solar Ref. -. Omaha Quotations. OMAHA, Neb., Aug. 25.—(U, 8. Department of Agriculture)—Hogs, receipts 5,500; market active; mostly 25c higher; bulk 190 to 240 pound butchers $8.65@8.75; top $8.80; bulk 250 to 360 pound butchers $8.00@ 8.50; mixed loads carrying packing sows and lights $7.65@8.25; packing sows most!y $7.36@7.75 with rough heavies down to $7.00; average cost yesterday $7.75; weight 255. Cattle, receipts 425; compared with week ago: Better grade steers and yearlings 25%85c higher; others steady; desirable fat she stock strong to 16¢ higher; othe eady to 15c lower; bolognas strong; canners and cutters, calves and choice feeders steady; common to good packers and feeders 25@60c lower; closing bulk as follows: Fed steers and yearlings $9.00@11.65; week's top steers $12.35; yearlings $12.15; dry lot she stock $4.75@8.50; grass cows and heifers 8. O. Ohio Union Tank ~---W-.. Vacuum ne ane ae wow nnce ene en $1.75 ies UE AE a, 170 canners and cutters sid ) R y E 3. Grass Creek -—.. Lap | eee neni ote tn ipesirdyeld choice light veals $7.50@8.50; stoc! ers and feeders $5.50@8.25; week's extreme top on fleshy feeders $10.50. Sheep, receipts 1,000; day’s run fed Torchlight Elk Basin MAN CMAN ae ocean clipped !ambs market steady; fed Big Muddy -.. clipped lambs $12.25; compared Hamilton week ago: Lambs steady sheep 25@ Mule Creek feeders 16@250 higher; Western fat $13.00%13.10; top $18.25; $12.25@12.50; fed clipped $12. yearlings $: handy and ewes $7.50@7.75; top amba $12.25@13.00; $13.25. lambs natives best ght Foreign Exchange NEW YORK, Aug. 25.—Foreign exchanges steady; quotations in cents. Great Britain demand 450 cables 455 9-16; 60-day bills on banks 452 6-8, France demand 5.71%; cables 5.71%. Italy demand 4,3 cables 4.83%. Belgium demand 4.61; Germany demand 000018; cab'es .000020, Holland de-| mand $39. cab'es 89.36. Norway demand 16.82, Sweden demand 26.63. Denmark demand 18.67. Switzer- ‘and demand 18.07%. Spain demand 13.46. Greece demand 2,05. Poland) Sheep— Receipts, 2,300; steady: demand .0004%. Czecho-Slovakia three cars 170 pound Idaho ewes, demand 2.94, Jugo Slavia demand $6.40; short fed lsmbs, $12:60; others 0105, Austria demand ,0014%. Ru-| steady at $12.00; late yesterday mania demand .45%. Argentine de-| three cars fat lambs, $12.65; three cars 66 pound feeder lambs, $12.55, week's Denver Prices. DENVER, Colo,, Aug. 25.—(U. 8. Department of Agriculture.}—Hogs| —Receipts, 200; steady; good choice! $8.75; ages at $7. few fat pigs, $6.75. | steady; few grass cows, $4.00 to| | $4.65; practically no other fresh ar- rivals. $7.80; feeding’ tors in the Salt Creek field is now top| beng added to by Mines. club house and a new garage being considered. | work will probably be awar | contract within tle next few days. 150 to 200 pound averages, $8.65 to! remodeled and will be w top, heavy packing while the cottage now some 250 pound aver-| office building will be made into a residence. Cattle—Receipts, 500; calves, 100; eration for additional cottages. the Texas Production company for | Wyoming and Montana, has announ- ced his resignation, tember 1. for Ardmore, Okla., where Mohawk and complete the well. of section 86-60-70 except 4 acres in SESE which has been sold for cemetery, purposes. H. D. ‘Curtis, Thermopolis, Wlo., N%NWK; SWUSWK: NWKSWH ot section 15-46-93; N%&N% of section O11 and gas prospectors’ leases on| state lands issued of recent date are announced as follows by C. H. Mc- Whinnie, state land commiss oner: Paul D. Zingaheim, Rawlins, Wyo., a’l of section 16-19-88. John A, Stevenson, Biding, Tie M. Gunther, Cheyenne, Wyo., N% of section 1037104. | ON OF section 96-87-68. John Par, Rock Springs, W¥| jom Captain, Denver, Colo., all of S% section 10-17-104. section 36-26-86. é Antoinette Pocuka'tis, Douglas, W. M. Boyd, Cowley, Wyo., all of Wyo. N%SEX% of section 18-20-78.| sect'on 36:57:97 Big Bear Ol] Co., Denver, Colo, NW, W%SE% of section 4-32-77; Ny, N%&SW% of section 9-32-77 all of section 16-21-115. J “umber Co., Denver, Colo.,|a'l of section 36-14-19. < WUNWHNW*% 3% NW %; L. G. Irwin, Shoshoni, Wyo., all of SW%; SW%NE sWw%sW | section 16-29-94. section 16-45-63 | achellor o1 Coen Dean T, Prosser, T'e Sid Wyo.,| E4NWYNWK: ? aor S% of section 16 17-103 4 NE: Intercoast ou 8: ndicat | a York City, all of section 16 | . terson, Casper, Wyo., a! ed Set nna Campbe .. BY of section 36-30-113, ©. M. Turk, Newport, Wash., Market Gossip and Briefs On Operations in Oil Fields /Ol! company until It was absorbe: nion Ol company of Dela | 38-84 alll SW% of section 9-38-82. Bureau of Mines Bukding , A camp that will soon rival in by the U he largest opera war gael) gh pega peat His successor here has not yet been the Bureau of appointed, At present bids on a new| Rotary Drilling Contracted are| Rotary drilling Is to receive an This construction | other try-out in Wyoming territory. ded under |The Midwest Refining company has | undertaken through @ contract to Curtis of Shreveport, La., to too's in three widely sep- bing used as arated tests, Tho first of these is No. 11AX in the northeast quarter of section 34-46-79 in Salt Creek and the third at Golden Eagle dome. The Salt Creek well is to be drilled as a matter of cost comparison with | the cable tool method. In the Big Muddy field, the Hamilton Ol) Corp. has found rotary drilling reduces costs considerably, it is said. Prac | tice here {s to drill to the top of sand with rotary. then to standardize Later the peg-model house will be J. M. wed for office use rotary P’ans are under consid- Field Manager Resigns F. M, Backon, field manager of effective Sep- Mr. Backon will leave Saba SBike Ni Mreesy Geenana (036 Drilling company, In which he {s a Montreal 97%. three cars 118 pound fat ewes, $7.10-| partner with A. W. Thompson, {s —_—————— q See tp becoming exceptionally busy due to 7 leecent developments in south and | Surveying and Locations is southwestern Oklahoma. Lt Oe Espesia Of Field * y Mr. Backon served as field man Maps, Silver Cotton ager of the Texas here for more than | WYOMING MAP AND a year. He is very wi y known BLUE PRINT co. in this reg and in th Mid-cont P. 0. Box 325 NEW YORK, Aug. 25, Bar silver, NEW YORK, Aug. 256.—Cotton| nent field whet he was southern di Room 10, Daly Bldg. 62%; Mexican dollars, 47%. | spot quiet; middling $25.35, l-yision manager for the Wolverine The Delaware and Hudsorg| State of Quneensiand 6s .. two men; and the New York Central and certain other roads have granted Western Maryland and certain other roads are doing, is in violation of the law, and that the Erie railroad 's Mable for suits for recovery of re On the other hand, the president of the Locomotive Fire-| Goody men and Enginemen's Union says Great Northern, 7s A hat the government has allied itself Montana Power 5s A in seeking the 7 All of this means that the railroad labor board is granting are continuing to prosper “Private reports Indicate that the jon, in many sections of the coun- Leases Issued by State Cinton J. Hutchins, Portland, Ore. | Tracy Wooten, Sait Lake City, PAGE NINE. WOYMING’S LEADING OIL, BUSINESS AND FINANCIAL DEPARTMENT Liberty, 101.10 Liberty 98.80 Liberty ease: 98.13 Liberty Second 4%s 98.14 98.11 Liberty Third, 4%s ..-.... 98.31 98.29 Liberty Fourth 4s .. 98.14 98.12 98.14 U. S. Government 4% 99.33 99.20 99.22 Czechosovak Rep., 88, . Dominion cof Canada, 5s, 1963 Japanese 4s — Kingdom of Belgium, 8s Kingdom of Norway 6s U. K, of G. B. & L, 5%, 1937 ~ RAILWAY AND MISCELLANEOUS American Smelting 58 -. 91 American Sugar, 6s - ‘mets nti American Tei. 98 88 raflrona| Anaconda Copper, 7s, 1938 —-----—-----_-__--__— 100 100% that pri | Anaconda Copper, 68, 1953 97% 97% ‘as the| At. T. and 8. Fe.. gen 4 88% 88% Baltimore and Ohio cv. 81% 81% Bethlehem Steel con 8 97% 97% Canadian Pacific deb., 46 .-.... 80 = 80 Chicago, Burl ngton and Quincy ref. 7% 97% Chicago, Milwaukee ang St Paul., 565644 Chile pper 6s ....... 98% 99% ar Tire 8@ 1941 116 116 103% 106% F Northern Pacific ref., 68 106% 10818 Northwestern Bel Tel., 107% 108 “4 peciteneen and Electric 6s 90% ol Penn. R. gen., 58 refusing sinclair Con Of] co 93, oat Southern Pacific c 92% 92%4 © Union Pacific Firrt 4s . 9 93. have pasted (. 8, Rubber 6s --_- 80% 86% Utah Power and Light 6s 83% 884 improving. | Western Union 645 _.. 9% 109% 109% Westinghouse Electric, 7s 107% 107% 107% Progress Shown in Many Operations by P. & R. is of pa new monthly statement tssued by Piers Syunt «eof more than pass-|the United Stntes department of ing interest, because it will serve labor will show a decrease in em-) Status of the numerous drilling No. 20, section 24-26-87; drilling in as a great labor test and the re- »loyment for August compared with! operations of the Producers & Re- blue shale at 354 feet. sults will be carefully watched by Tune and July, For many months finers corporation in Wyoming {!s No. 23, section 27-26-87; spudding. hoth employers and labor leaders. here has been an increase in em- civen in detail in the following re- Mahoney Dome, President Harding and Secretary of ‘oyment for tho fifty industries port: No. 2, section 4-25-88; Mshing for Abor Davis told Mr. Gary, the| Which te labor department compiles Salt Creek. bit at 2.883 feet. president of the United States Steel and this situation has been lars No. 1, section 18-40-79; in first’ No. section 29-25-88; running Corporation, that he would get bet- responsible for the labor d fficul ve Wall Creek sand and drilling at 12%-Inch casing; total depth 1,200 ter results per hour on an, eight- of the past few months. A turn In|» 949 ret, thot ta aha. hour basig than on 4 ‘twelve-hour the tide, however, is now taking ‘0. 4, section 16-40-79; rigging up.. No. 1, section 35-26-88; underream. basis. Of course, no one expects place No. 6, section 16-40-79; drilling at !ns for 8%-inch casing; total depth the men to do in eight hours what ‘The Babsonchart of business] 2192 feot. 0 feet, they did in twelve, but their effi- condtions stands today at 9.1 per) No, 7, section 15-40-79; In blue No. 3, section 33-26-88; drilling at ciency per hour should increase if cent below normal. This 1s due tO/shole and drilling at 1,975 feet. Beet th bikgke ited the eight-hour day will do what is many causes, such as the forelgn| No, 2, section 18-40-79; in blue 3, section 35-26-88; drilling In claimed for it. Careful tests will situation, the condition of the farm-| shale and drilling at 1,560 feet. shale at 845 feet. be made and the results will bo ers of the West, and the extra-| No, 1, section 32-40-79; cleaning Wertz. studied with great interest. It 18 ordinary expense of doing business.) out at 2,690 feet. | No. 8, section 7-26-89; at 2,450 feet, sincerely hoped that labor will make Another factor which 1s causing Wise’ Oreck, running 10nch good in its claim that the shorter trouble in certain sections Is the) | 1 aerreaming for 64-inch Lost Soldl fours definitely increase the output overproduction of petroleum. This| | No 7+ nhuamaaiine, tee ok ingh No. 4, Wyolll, section 11-2690; per hour. Simultaneously with Mr. {s becoming a very serious problem) 10° oh aie. be . feasiinde outiat 4,200 neat Gary's, announcement word came and prices of crude petroleum and cree Bell Springs. from Sydney, Nova Scotia, stating gasoline are subject to severe pres} jornton, No. 1, section 1-23-89; Grilling in that the big strike of Canadian steel sure. Just what tho ultimate out- ‘o. 1, _section 8-48-65; straight gray sand at 1,270 fect. workers and miners had been called come will be {s unknown, but I he reaming with ‘fetal cepth 2,090 feet. | Sherard Dome. Off by the strikers, and work has feel my prophecy ofa year ago that) | | Garlana an goX® 3 section 142646) (etkhding ed at 2,025 feet Simpson Ridge. No. 1, section 16-21-80; drilling in blue shale at 465 feet, No. 1, section 20-21-80; @rilling in blue shale at 6571 feet. | Sand Draw. No. 2, section 9-35-95; for water at 1,375 feet. shut down No, 3, section 15-32-95; drilling at blue shale at 1,015 feet. 2,388 feet in shale, No, 3, section 20-21-80; rigging up. No. 1, section 23-33-95; drilling at Baxter Basin. 180 feet in blue shale. No. 1, section 13-17-104; re-drilling Ferris. at 1,630 feet after side tracking No. 22, section 25-26-87; fishing for tools. 10-Inch; total depth 1.845 feet, No. 6, section 26-26-87; shut down. ection 26-17-104; drilling in Je at 2,260 feet. | Poultry. CHICAGO, Aug. 25.—Poultry, alive, lower; fowls, 18@24%c; broil- -| Butter and Eggs ors, 270; springs, 26c, roosters, 140. oneal — CHICAGO, Aug. 25.—Butter, un- Flax Seed. changed ' DULUTH, Minn,, Aug. 25.—Clos- . Ing flax; September $2.34 asked; Eggs, unchanged; receipts, 12,749| October $2.31%4; November $2.40; De- cember $2.27% bid. STOLL Tents | $53.50 Perfection Tent-__-------$45.50 $59.00 Perfection Tent_--_-_. $67.50 Perfection Tent___-------$57.35 $17.50 Stoll Folding Bed__.-----§14.90 $19.50 Stoll Auto Bed -----$16.60 ALSO OTHER STYLE TENTS We have a few of the above which we do not wish to carry over. Come in and get yours while they last Brodie Rubber Co. tw. YOUR ACCESSORY HOUSE Phone 1203 Tribune Bldg.