Casper Daily Tribune Newspaper, October 9, 1923, Page 7

TUESDAY, OCTUBER 9, 19z3 Finance WORLD PETROLEUM CONGRESS PLANNED | { Thousands of Oil Men in Attendance at Tulsa Con- vention Hear Program for Co-Operative Effort to Advance Trade TULSA, Okla., Oct. 9.—(By The Associated Press.) —A permanent world-wide petroleum congress, em- bracing all branches of the industry in co-operative effort for the ad- vanceiment of the trade was outlined i by President L. B. Jackson of the International Petroleum Exposition, in his keynote address to thousands of ofl men attending the first exposi- tion here today. Mentioning this alm as the principal objective of the present gathering, the speaker urged that complete plans for its realiza- tion be formulated this. week, A committee of permanent organt- zation of the congress has been ap- pointed and will report Wednesday. | Other suggestions of President Jackson were that the international exposition be made an annual event, that ‘standardization of equipment be sought; that field workers be brought together in more intimate social contact; that the business be purged of the grafter and fake oll promoter; and that a home be estab- Ushed in the United States for su- perannuated workers of the produc- ing fields. | In touching upon the “grafter in oll,” President Jackson made It plain that “this congress does not censure or condemn individuals or companies who by sheer bad luck suffered misfortune. “When we ‘speak of take ofl pro- |ducers, we mean thoss men who, {without conscientious scruples, en- | ter the business, not for the Purpose of producing ofl, but for the purpose |of selling worthless stock to an un- | suspecting public.” He urged the adoption of a plan to educate “the investing public to discern between legitimate stock and | worthless paper offered by fake pro- |moters,” and complimented a group of Texas newspaper publishers who, [he said, had for some time been ‘active in such a campaign. ‘The projected permanent inter- national organization was described as “an institution of such magnitude as to take in every branch of the industry in every country in the world to meet annually and discuss the needs and requirements of the business and accomplish such good as may be possible through intensive organization and co-operation:” Officers Re-Elected By Domino-W yoming Co. ‘The annual meeting of the stock- holders of the Domino Wyoming Ojt company was held at its office, 201 Consolidated Royalty building, on Saturday, October 6, at which time the following named were re-clected to serve as the board of directors for the ensuing year: Charles E. ‘Winter of Casper, J. L. Baker of Omaha, Samuel Ohenstein of Chey- enne, Q. K. Deaver and A. E. Win- ter of Casper. Following the meeting of the stockholders, a meeting of the board of directors was held, at which Charles El. Winter was re-elected | Allied Chemical & Dye -...-- American Can 90% American Car and Fountry -. 156% American International Corp. 16% American Locomotive 63% American Smelting and Refg 53 American omnccnvencnn, CLE American T. and T. ---—... 123% American Tobacco -.------ 147% American Woolen Anacando Copper --.. Atchison ~---_.-.. Atl, Gulf and West Indles -- Baldwin Locomotive Baltimore and Ohio ---.----- Bethlehem Steel -—-.---—-- California Petroleum -—---- Canadain Pacific .. Central eLather ~-..-----.--. 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 ~-~-. Chicago and Northwestern... 63 Consolidated Gas -. Corn Products Cueden Ol .. Crucible Steel Cuba Cane Sugar p' Erie 14 Western Exploration ~ 3.10 Famous Players Lasky .-.--. 70% Ndi ei byes goa He General Asphalt se we aot General Electric ~. 70% |¥- OW -~ Sa Testarel “Motors Laccceoe 14% |_. NEW YORK CURB CLosr Great. Norhern pfd - Gulf States Steel - Illinois Central .-. Inspiration Copper - International Harvester -..-- Int, Mer Marine pfd -------. 23% 54% |Mountain Producers . 14.12 Ue Caspet Daily cripune Stocks Grain S AND QUOTATIONS BY LEASED Oil Securities (By Wilson, Cranmer & Company) LOCAL OIL STOCKS mer -...-.....-. 19 21 Big Indian awenn= «6-13 15 Boston Wyoming -... .60 85 Buck Creek -.--. 14 16 EXITS “); © cpcenncmenie eg SNe 29 Blackstone Salt Creek. .31 33 Central Pipe Line 2.40 Chappell -......--.... .26 28 Columbine -... 10 12 Central Pipe Line -... 2.25 2.40 Consolidated Royalty - 1.18 1.20 Cow Gulch 04 -ll 04 48 26 5.00 08 Jupiter — SP a0) OB Kinney Coastal -....-. .17 19 Lance Creek Royalty — .01% .02%4 Marine .... mnwna= 4.50 5.00 Mike Henry -----.--. .00% .01 Mountain & Gulf --- 1.16 1.18 New York Oil -._.... . 10.00 Picardy .. 5 04 Red Bank ~-..-. 2.00 3.00 \Royalty and Producers .07% .08 Sunset -.. 02 Tom Bell Royalty Glenrock Oil -... - +63 Salt Creek Prds. -..-. 18.75 Salt Creek Cons 7.25 Mutual ~. 9.12 5 64.75 S. O. In 54.62 International Paper Invincible Of --. Kelly Springfield Tire ---. Kennecott Copper Limo Locomotive -.-..--.-.-. Loutsville and Nashville --.. 88% Mack Truck 12 Marland Oll ~ 24% Maxwell Motors 10% president; J. L. Baker, vice presi- dent; Q. K. Deaver, treasurer; A. E. Winter, secretary and general man- ager. Notwithstanding the general depression in the oil situation, the directors declared the regular quar- terly dividend of 2 per cent payable November 1 to stockholders of record as of October 15, This company is one of the few Independent producing companies, who by conservative and economical management, have been able to get into the dividend paying class, Market Gossip and Briefs On Operations in Oil Fields < New. Test Projected. - THERMOPOLIS, Wyo., Oct. 9.—If there is oil nearer to.Thermopolis than the several domes now being operated profitably the people are soon to know about it. In addition to the Curtis test well now drilling within the city IMmits, the Murphy Oil Syndicate, recently organized, proposes to test out a& 1,320 acre tract four miles north- west of town which local geologists declare will be a sure producer. ‘Thermopolis is all set for the Prosperity that will follow if elther or both of these tests are successful. Wyolkans to Meet. Announcement {s made that the deferred annual meeting of the stockholders of the Wyokans Oil Syndicate will be held at the office of the company, rooms 17 and 18, Townsend building, Casper, on Octo- ber 16, at 10 o'clock in the forenoon, for the purpose of electing directors and transacting other business. August Reveals Decrease In Operating Refineries A continued decrease in the num- ber of operating refineries is noted in August, the number reporting to the Bureau of Mines for that month being 260 and their aggregate dally indicated crude ofl capacity de- creased to 2,055,582 barrels. These plants were operating during August at 78.4 per cent of their capacity. running to stills a daily average of 1,618, barrels of crude oll. ‘The output of gasoline in August ‘was 648,954,706 gallons, a daily aver- age of 20,934,023 gallons. Stocks on hand August 81 were 1,053,856,221 gallons, which is a decrease of 111,- 583,119 gallons under the stocks at the end of July. The domestic con- sumption during August was 692,- 185,610 gallons, an increase of 18,- 166,143 gallons over the July con- sumption. Stocks on hand at re- fineries on August 81 constituted 47 days supply at the August rate of consumption. This compares with 54 days supply on August 1 of this year and 87 days supply on August 81, a year ago. Kerosene production during Au- gust was 186,218,819 gallons, or a daily average of 6,007,059 gallons, ‘This is a decrease of 2,007,432 gal- lons over July production. Stocks were decreased 25,842,291 gallons. The August production of gas and fuel oils was 1,010,657,879 gallons, a decrease of 42,584,628 gallons over July output, Stocks were 1,462,- 182,129 gallons, this being an in- crease of 61,368,339 gallons, Lubricants produced during Au- gust amounted to 87,201,902 gallons, or a daily average of 2,814,900 gal- lons. This was a decrease from the July production of 6,698,972 gallons, Stocks declined to 220,419,457 gal- lons. Potatoes CHICAGO, Oct. 9.—Potatoes— Steady; receipts, 121 cars; total United States shipments, 1,093; Wis- consin bulk round whites, U. 8S. No. 1, $1.25@1.40 cwt.; ditto, sacked, $1.20@1.25 cwt.; Minnesota and North Dakota bulk round whites, No. 1 and partly graded, $1.10@1.25 cwt.; ditto, sacked, $1.06@1.20 owt.; Minnesota bull Red River Ohios, U. 8. No. 1 and partly graded, $1.00 @1.05 cwt.; ditto, sacked, $1.10@1.15 cwt; South Dakota bulk Early Ohios, U. 8S. No. 1, $1.00@1.05 owt. SER tL calcd ld Butter and Eggs CHICAGO, Oct. Higher; creamery extras, standard, 44c; extra firsts, 44%4c; firsts, 414% @42%c; 40% @4lc. Eggs—Unchanged; receipts, 13,667 cases, 9, — Butter— 4540; 434%@ seconds, ae The United States and Great Britain together handle more letters and periodicals than all the rest of the world combined. Foreign Exchange changes steady; quotations in cen! bles 4.55%; 60 day bills on banks 4.52%. France demand 6.09%; Ca- | bles 6.09%. Italy demand 4.54 cables 4.55. Beligum demand 6.1714 cables 6,18. Germany demand 00000007; cables .00000007. Holland demand 15.52; Sweden demand 26.42; Denmark demand 17.64; Switzerland demand 17.92; Spain demand 13.55; | Greece demand 1.50; Poland demand 0001%; Czecho Slovakia demand 3.00; Jugo Slavia demand 1.15; Aus- trla demand .0014; Rumania demand 4; Argentine demand 32.87; Bra- demand 9.75; Montreal 99 15-16. ———>—__—_. Money NEW YORK, Oct. 9.—Call money firm; high 6%; low 4%; ruling rate 5%; closing bid 4%; offered 4%; last Toan 4%. Call money agd@nst a ceptances 4%. Time loans firm mixed collateral 60-90 days 54% @5% 4-6 Monthe 5%; prime commercial paper 6%. Middle States Ol! .. Missouri Kan. and Tex Missour! Pacific pfd. New York Central --. N. Y¥., N. H., and Hartford -- Norfolk and Western - = 102% Northern Pacific - - 54% Pacific Ol -------— 37% Pan American ePtroleum B-. 54% Pennsylvania Leute try People’s Gas Producers and Refiners --. Pure Ol - Reading Republic Iron ani Sear Roebuck ~ Sinciatr Con. O11 Southern Pacific -. Southern Rallway Standard Oi! of N. J. Studebaker Corporation Texas Co. -. Texas and Pacific Tobacco Products A Transcontinental Ol) Union Pacific ------se-—--- 129 United Retail Stores -. —- 3B U. 8. Ina. Alcohol aonnnne= 50% United States Rubber -..---. 3716 United States Steel --.------. 87% Utah Copper ---. wann---- 58H Westinghouse Electric -—. Willys Overland ------. —— American Zinc, Lead and 8m. 8 Butte and Superior --.-.---. 14 Colorado Fuel and Iron ~--.. Montana Power ---------—-. 569% National Lead -—-. bat fs Shattuck Arizona -.--—-.-. Oe Standard Oil Stocks NEW xORK CURB Open Close Anglo .-. —- 14% 14% Buckeye ---—--------- 79% 80% Continental -—--.---.. 35 37% Cumberland weenne 103 105 Calena ~------—------- 60 lilinois --. —- 155 Indiana -. we—enn--- 89 Nat. Tran ---.------- N. Y. Tran Nor Pipe Ihio Oil airie Oil Prairie Pipe Solar Ref. Sou. Pipe 8. $. 0. Ohio --------—- 275 280 NEW YORK, Oct. 9—Foreign ex-| Osage Great Britain demand 4.55%; ca-|Torchiight ---—-----------——--- demand 39.29; Cables 89.34; Norway|Sunburst - Union Tank 87 90 Vacuum 49% 49% 3. P. Oil - 123 126 8. O. Ind. Cat Creck ~.. Lance Creek -... Grass Creek -....------------- 1.35 Elk Basin ~.-----ccc------==-- 1,35 Greybull .. ininwwwmesenn 1.86 Rock Creek -.---------------- .90 90 Big Muddy .75 Hamilton .. -90 Mule Creek «75 70 ————= NEW YORK, Oct. 9.—Bar silver, 63%; Mexican dollars, 48%. Cotton NEW YORK, Oct. 9—Spot cot- ton quiet; middling $28.35. ———.— Bells are never used in Moham- medan mosques. The Moslem race ; |detests bells, under the delusion that they spirits, ‘uso the assemblage of evil Cities Service Com --. 130.00 131.00 —S Chicago Prices. 5M CHICAGO, Oct. 9.—(U. 8. Depart- ment of Agriculture.}—Hogs—Ro- celpts, 27,000; slow, uneven, mostly 10c lower than Monday's average and about steady with the close; bulk good and choice 200 to 300 pound averages, $7.90@8.00; sorted 230 pound averages, $8.05; desirable 160 to 190 pound averages, $7.50@ 7.85; packing sows, largely $6.70@ 7.00; desirable weighty killing pigs, mostly $6.50@7.25; choice 80 pound roasters, $8.00, heavyweight hogs, $7.50@8.00; medium, —_$7.55@8.00; light, $7.20@7.95; ght lght, $6.65@ 7.60; packing sows, smooth, $6.90@ rough. $6.50@ slaughter pigs, $6.00@7.25. Cattle—Receipts, 16,000; very slow: practically nothing done; fed steers and yearlings, weak to 25c lower; heavy steers reflecting most decline; killing quality fairly good; few early sales handy weight fed steers and yearlings, $10.00@10.50 to shippers; steady to weak; plainer and weigh- ter kind, $8.50@9.50; looks 15 to 25¢ off; run includes several loads strict- ly choice long fed steers; western run about 6,000; few early sales westerns to feeder buyers at $6.00@ 7.00; steady to weak; fat she stock, stockers and feeders, dull, tending lower; bulls, strong; vealers, largely 50c higher. Sheep — Receipts, 24,000; killing lambs, slow; no western fat lambs sold; fat natives, uneven, around steady, mostly $13.00@13.25; sheep, steady; good fat handy weight na- tive ewes, $9.00@6.50; heavies. around $4.00; feeding lambs, active, |strong; better grades, largely $12.75 @13.25, Omaha Quotations. OMAHA, Neb., Oct. 9.—(U. 8. De- partment of Agriculture.)}—Hogs— Receipts, 8,000; market very slow: early sales around 15¢ lover; pack ers bidding mostly 25c lower; good quality butchers, 200 to 300 pound averages, $7.15@7.40; practical top $7.45; part load, $7.50; mixed loads carrying packing sows and lights, $6.90@7.15; packing sows, mostly $6.75@6,90; average cost yesterday, $7.07; weight, 271. Cattle— Receipts, 10,500; beef steers, around steady; bulk fed of- ferings, $8.75@10.50; early top year- lings, $11.60; some held higher; grass steers, $5.85@7.00; she stock, active, strong to 16c higher; bulk grass cows and heifers, $4.00@5.50; can- ners and cutters, $2.50@3.50; other classes, teady; bologna bulls, $3.50 @4.00; practical veal top, $9.50; de- sirable feeding steers, $6.50@7.50; stocker, mostly $5.50@6.50. Sheep—Recetpts, 20,000; lambs mostly 10@15c higher; spots, 30c higher on fed clipped; bulk fat west- ern Jambs, $13.00@13.10; top, $13.25; |fed clipped, average 91 pounds, $12.30; sheap, strong; ewe top, $6.00; feeders, 15@25c higher; bulk west- ern feeding lambs, $12.60@12.90; top, $13.00. Denver Prices. DENVER, Colo., Oct. 9.—(U. S. Department of Agriculture.}—Hogs— Receipts, 1,300; uneasy, mostly 15 to 35e lower; better grades, steady to weak; top, $8.50 paid for choice 210 pound weights; few good 215 pound averages, $8.00; few light butche: $7.35; bulke of sales, $7.50 to $7.90; packing sow, weak to 250 lower, mostly $6.50; few $6.25; few pigs on sale. Cattle—Receipts, 3.400; calves, 100: | fat she stock, fully steady; some sales strong; ono load grass cows to outsiders, $4.85; bulk plainer kind, $3.50 to $4.00; heifers, $4.55 to $5.00; others classes, steady; most canners, $2.00; f $2.20; bologna bulls, $3.00 to $3. feeders, $6.00 to $6.60; stockers, $4.75 to $6.26. Sheep—Receipts, 16,000; fat lambs, 10 to 260 higher; two cars good Wyoming, $12.20; one double 99 pound Nevada yearling wethers, $8.26, steady; feeder lambs, nominal- ly higher; bulk of run on through billing; few loads held back. peli os hen alsa Flour. MINNEAPOLIS, Minn., Oct. 9.— Flour— Unchanged; bran, 28.50@ 29.00. OTOGK TRADING TO TRREGULAR \Sales Today On New York Exchange Marked by Conflicting Movements NEW YORK,’ Uet. i —Gontiletine Price movements characterized to |@ay’s stock market, with the main jtendency still downward. Bear trad ers succeeded in uncovering num erous weak spots, particularly among the motors and motor acces fortes, although the usual industria! |leaders offered good resistance to |selling pressure. Sales approximated 750.000 shares. | NEW YORK, Oct. 9.—Stock prices | continued to yield to selling pressu: |at the opening of today’s mark jand the general list presented a re actionary tone. Oils were in fre supply but the initial recessions jWere held to fractions. Baldwin Studebaker and other so-called Pivotal shares opened fractionall lower. Woolworth, up 1%, was oni of the few strong spots. Heaviness of the olls was attri buted in part to the announcement jof a cut in crude prices at the wel! |by California Petroleum. Motor: and motor accessories were again ,the targets of bear speculators losses of 1 to 2 points being record by Nash, Chandler, Mack Truc Bosch Magneto, Stewart Warner Speedometer, Fisher Body, Wills Overland preferred and Timken Roller Bearings. American Ice dropped four points and Eastman Kodak and Foundation company two each, Reading, Davison Chemical and DuPont each advanced about a point. Foreign exchanges opened firm with the ‘exception of German marks, which established a new low record for all time at six cents a hundred’ million, Increasing expression of confi dence in fall and winter business by leading bankers and business men failed to stimulate an interest on the long side of the markst. Bear traders continued their experimental short selling and succeeded in un covering a number of weak spots, particularly in the automotive and leather groups, U. 8, steel and most of the other industrial leaders of- fered stubborn resistance to selling pressure which was given impetus by the relatively high renewal rate of 5% per cent for call money. low records for the year were ished by Bosch Magneto at 25, 4%; Endicott Johnson at 62, off 3% and National Enameling at 4314; off 2%. Bethlehem Steel, Ameri can Agricultural Chemical preferred and Central Leather dropped 2 to 3 points. Good support-continued to be ex- tended to a number of the recog- nized leaders until well into the af- ternoon, but selling persisted at other points. American Tobacco and International Harvester _lost A Chassis Sizes: 734-ton. Prices trom ne 316 West | off | 4 > Livestock onsiderable ground and Pacific Ot) was also heavy. Southern and Gulf Mobile and Northern common and preferred moved up briskly. The closing was trregular, Bald- win had a temporary sinking spell i nthe late dealings but it rallied just before the close on short covering, tugether with Studebaker, American Woolen, Gulf States Stee! anc: Jones Brothers Tea, the last named climb- ing 2% points above yeserday's final figures. WHEAT PRICES “GIVEN SETBACK Lack of Definite Action To- ward Co-operative Mar- keting Is Bearish CHICAGO, Oct. 9.—Wheat under went a sharp setback in price today soon after the opening. It becam juickly apparent that action of 1 wheat conferénce here in organizing national co-operative marketing association had failed to stimulate any important new buying. Heavy selling then set in, and in somo ages the price dropped 1% cents or more in a yertical line before the fall was checked. After opening un- changed to “ec lower, December $1.09% to $1.10 and May $1.13% to $1.13%, thamarket went downgrade’ with Uttle or no evidence of power to rally. Subsequently fresh declines took place under continued selling on the part of tracers who pointed out that at best it would take considerable time before the new co-operative as- sociation could function, Inasmuch 1s the plan would be {noperative un til 50 per, cent of growers had joined the organization. The close waa un- settled, 1%¢ to 2%@2%c net lower, December $1.07%@% to $1.07% and May $1.12% to $1.12%. Corn and oats refiected the weak- ness of wheat. After opening un changed to %c off, December 76 to 76%c, corn suffered a/ decided gen- eral decline, Reports that a corn products com pany in the United States had bought a complete cargo of Argen: tine corn attraced notice. On the oth-, er hand number 2 yellow corn aver-| aged for immediate delivery here jbrought $1.06 the highest price yet | this season. Corn closed unsettled at 1i%c off to %o gain December 75% to 15%c. Oats started unchanged to a shade lower, December 43% to % @ Ye and later showed a further loss. Provisions were weak with hogs and grain. Open High Low Close WHEAT— Deo.~ ....-1.09% 1-10 1.07% 1.07% May —- ~--1.13% 1.13% 1.12% 112% July — ~..1,09% 1.09% 1.08% 1.08% cORN— { Dec. - --. .76 76% .745h 75% May ~ 10% 74% .73% .738% | In the | Hieree Ow Dual Valve HEAVY DUTY MOTOR TRUCKS 2-ton, 3-ton, 4-ton; 5-ton, 6-ton, Tractors: 3-ton; 5-ton; 7}4-ton. 200 for the 2-ton chassis to 85, for fon eb, Bula, NX. Terms if Desired THE KUMPF MOTOR CAR COMPANY Casper, Wyo. Midwest Ave Liberty 8%s . 99.15 Liberty Second 4s 97.60 Liberty First 4\s 97.80 Liberty Second 4%s —... 97.90 Liberty Third 4%s 98.14 Liberty Fourth 44s —- 97.10 United States Government 4s — 99.90 Denver Twelfth Ave. and Acoma PAGE SEVEN. : All Markets Czechoslovak Rep. Dominion of Cana french Republia, Japanese 4s .._.. Kingdom of Belgium, Kingdom of Norway Republic of Chile, 8s, State of Queensland U. K. of G. B. and T., 5%s 198 RAILWAY American Smelting, American Sugar 6s —. American Tel and Tel Amorican Tel Anaconda C 1946 Anaconda 1953 At. T. and , gon., 4s Baltimore and Ohio cv., 4s — Beth} Steel con., 6s, Series A Canadian Pacific deb, 4s Chicago, Burlington and Qun Chicago, Mil. and St. Paul, cv. Chile Copper, 6s Goodyear Tire &: Great Northern, 78, A Montana Power 5a A Northern Pacific ref., orthwestern Bell Tel., 78 Pacific Gas and Blectric 5s — Penn. R. R., Sinclatr Con. Southern Pacific cyv., Union Pacific First 4s U. 8. Rubber, 5s —_ Western Union 6%» Westinghouse Electric July . .. 75% 15% 74% 74%, oaTS— Deo. ~ --- 48% 48% 42% 43% ar 45% 45% 45 45% Sug 450 45 44H 44H Pork—Blank NEW YORK, Oct. 9.—The feature 12.07 12.07 11.97 .12.00| 9 refined sugar was a cut by one 110.95 11,00 10.82 aces ‘efiner to 9.15 for fine granulated, hu reducing the range of list prices 9.60 | © 9-15 to 9.60. New demand for re- Taster 9.82 9.35 | ned continued very light. Refined sugar futures nominal, Sugar future closed steady; Cash Grains and Provisions. CHICAGO, . 9—Wheat No. 2 hard $1.114%@ Octo- proximate sales $7,200 tons, Corn No. 2. mixed $1.05% @ 1.06 No. 2 yellow $1.05% @1.06. Oats No. 2 white 43% @45c; No. 3 Metals white 42% @44%. Rye No, 2, 71%c. Barley, none, NEW YORK, Oct. 98 —Copper Timothy seed $7.25@8.00 quiet; electrolytic spot and futures Clover seed $19.00@23.00. 18c, Tin firm, spot and nearby Pork nominal. $42.50; futures $41.75. Iron steady, Lard $12.20, prices unchanged. Lead steady; Ribs $9.75@10,50. spot $6.85@7.00. Zine quiet; East ee St. Louls spot and nearby $6.25@ Fla,. 6.30, Antimony spot $7.50@7,60, . DULTE Minin: Oct. Close:) Just recetved two carloads of used Plax, October $2.52 November | rurniture, everything in the line of ae December $2.49%; May ‘household furnishings. Harned Fur- ture Co., excavation business “When we add to our equipment we ‘always buy Pierce-Arrow Dual- Valve trucks because we have found that they carry bigger loads and more of them every day; they earn more,” says the firm of O'Connell & Strada, Inc., excavation contractors of New York City. “On a recent job, each one of our Pierce-Arrows hauled 70 cubic yards, while the other fellow hauled only 40.” May we show you, by actual demon- stration, how the modern Pierce-Arrow Dual-Valve Héavy Duty Motor Truck will earn more for you? Colorado Springs 121 East Bijou ap” Tries J) ANSMESErwrai ot wMregbeda $e 25 | S4sc2 TR OVTOSRSTIOR ARRAS EQATZRPBooss