Casper Daily Tribune Newspaper, October 17, 1923, Page 7

Finance ~ MIDWEST DRILLS IN } | | ~ PAIR OF GOOD OILERS, Wyoming-Associated Leases in Salt Creek Oil Field Give up Two Wells During Week; Wildcat Operations Reviewed if ‘Two Midwest completions in Balt Creek on Wyoming-Associated leases are reported for the past week. Ont of these, No. 11-A, SE% of seo, 2: 40-79, was brought in making 409 barrels fro ma depth of 1,463 feet. The other well, No. #6-AX, NW% of sec. 14-46-79, struck 1,383 barre!s production at 2,010 feet. Other cur- rent operations of the Midwest are given as follows: Wid Cat Wells Neiber Dome test well—-SW% 18-45-98; depth 8,115 ft; lost Under- reamer lug, now fishing for same. North Casper Creek No, 836-—SE% 86-87-32; depth 1,032 ft; getting ready to drill, 12% inch cemented. Skull Creek No, 1—-NW% 16-44 €2; depth 8,650 ft.; drilling. Powell, Texas, Production May Lead to New Crude Cut An Increase in the already large production of the Powell field in ‘Texas threatens to bring its dally output up to 250,000 barre!s. Should such increase materialize, as !s pro dicted, Mid-continent crude will have to again be subjected te a cut in price. Powell producing 280,000 barrels dally would more than offset the de- oline recorded against the three ma- for poola of the Los Angeles basin district in California, At this time the ofl industry ts entering the seasonal low demand of ~ Existing Laws Adequate in Oil Situation, Is Decision CHICAGO, Oct. 17.—Recommenda- tion that existing laws be applied wherever manipulation of gasoline prices exists was made today by At- torneyS General of 24 states who for three days have veen discussing the off situation. The resolutions, the text of which has not yet been made public, were not of @ radical nature, Clifford Hilton, attorney general of Minnesota exp'ained. While existing Iejsislation was held by the attorneys general to be ade- quate, they were said by Mr. Hilton to be satisfactory to the representa- tives of the oil producing states and to be considered to have teeth in them. “ Delay in Road Building North of Here Explained. A great deal of dissatisfaction hag been expressed, particularly by ofl men, over the slowness with which the work of paving the Salt Creel ‘highway has been progressing. Fol- lowing is given an explanation of the numerous difficulties encounter- “ed in this work, as taken from the latest ‘esue News Letter of tho Btate Highway department: “F. A, Project 19-B—This project consists of 13 miles of nine foot ‘pavement on the Salt Creek road, route 71. While this work has not Deen carried forward es fast as we would have liked, a very good class of work is being done. Although progress has been slow, it has been better than the average paving job in this western country. There are several causes for the slow progress. Several contractors who agreed to furnish the Levy Construction com- pany with gravel and sand were un- able to fulfill their contract either ae to the quantity or quality of the material. There ‘s much other con- ‘struction work being carried on in the vicinity of Casper and on much of this work it is not so absolutely necessary to use perfectly clean gravel and gravel properly graded as it fs on the Salt Creek road. The fact that the gravel contractors Were not able to furnish the Levy Construction company with clean and properly graded gravel in as large quantities as they had con- tracted to, is one of the principal contributing causes of slow prog- ress. Much rain In the spring and Gelay in delivery of contractor's equipment caused some delay also.! “Owing to the fact that the five miles of old pavement is being re- paired by the Warren Construction | company Immediately north of Cas- per and the Levy construction work ts strung out about six miles, de- ours have been necessary over a distance of about 12 miles, and owing to the heavy traffic these detours have been very rough and slow traveling. Whenever there has been rainfa'l the detours have been dragged as long as any moisture remained in the ground but when | the moisture was gone practically nothing could be done to relieve the rough condition. “Considerable difficulty has been experienced by the contractor in keeping the traveling public off the pavement long enough to get it properly cured and covered with Asphalt. As it is necessary to keep the comerete base clean before the Ambrosia Lake—NW% 18-15-10, New Mexico; depth 180 ft.; drilling. Hogback No. 4—NW% 19-28-15, New Mexico; depth 823 r.; drilling. Buffalo Basin No, 18—SW% 81- 48-09; depth 860 ft; drilling. Golden Eagle Dome No, 1—SE% 11-45-97; depth 1,190 ft; drilling. Baxter Basin Field Wel 6-X—NB% 11-17-1046; depth 2,655 ft; waiting for mandrel sub. Well 29—SW% 1016-104; depth 2,300 ft; drilling. Elk Basin Field Elk 11, Well 2—Depth 318 ft; redrilling crooked hole. Tip 2, Well 1—depth 1,817 ¢t.; qrilling gaa sand. Blk 5, Well 15—depth 1,710 ft; pulling 8%-inch oasing. the year, The big companies are trying to mark time until conditions assume @ somewhat brighter aspect. With a further gush of overproduo- tion from Powell to counteract the contemporary falling off im Call- fornia, the outlook will be burdened with @ heavy load of prices pushed down below cost of operation. Some of the large independent op- erators in the Mid-continent area have again reduced crude prices and jhould the Prairie Ol] & Gas follow suit Wyoming will again find itse't falling in behind on the slippery chute of sliding of] prices. Mr. Hilton said he had explained the efforts made in Minnesota to keep gasoline prices at a satisfac- tory level and of the establishment of community gasoline stations to aid to that end. Although the conference behind closed doora has heard representa- tives of the big companies as rep- resented in the American Petroleum institute, and of the smalier market- ers, and has heard Gilbert Roe, who was counsel for the LaFollette sub- committee which investigated the olf! industry, the sense of the attorney general C. 8S, Spillman of Nebraska, | said last night, was that they did not want “to hurt but to help legit!- mate industry. esphalt is applied, and ft t# also necessary to allow the concrete to cure a certain time, considerable damage is done to the pavement when the persons using the Salt Creek road inswt on traveling on the unfinished pavement, no dif- ference what they do, By the first of October three miles of the old pavement should be opened and about three miles of the new pave ment. From that time on the con- dition as regards detours will be much improved.” OKLAHOMA HAS BIG FLOOD LOSS (Continued From Page One) | which cannot be reached by rail or interurban from here. | Railroad officials at Sapulpa, the only persons who have commun!- cated with Jones City and Spencer, ‘near here, since Monday evening, brought word today that a solid sheet of water covers the entire ter- ritory between Oklahoma City and the two communities, The water is receding slowly to- day and no lives are believed to have Che Casper Daily Cridune Bonds | New York Stocks ped ral aaie Allied Chemical & Dye.-.-.. 62 Ameridan Can --—-_--_5 92% Car & Foundry -.-1534B American LOOAL OIL STOCKS American International Corp .16% American Locomotive -~ 69% | Bessemer -—.. 22 American Smeiting and Refg. 5 Big Indian --.--.-... 13 American Sugar 59% |Boston Wyoming -.-. .60 American T & T —-_----1.23% |Buck Creek 16 American Tubacco -—————-1.48 B |Burke - 24 American Woolen .71% | Blackstone Salt Creek — .30 Anaconda Copper 86 |Central Pipe Line -.. 2.25 Atchison 96 | Chappell —— 26 Atl, Gulf & W Indies________._ 12% |Columine - -10 Baldwin Locomotive -—-—-1.16% |Central Pipe Line 2.00 Baltimore & Ohio 55% |Consolidated Royalty —1.17 Bethlehem Steck ATH |Cow Gulch --_-__. 03 California Petroleum 18% Epes - so eS Canadian Pacific —-—_______1.43% | Ce ‘ Central Leather -. 144% |E T Williams AS% Cerro de Pasco Copper --. .89 [Fargo - 24 Chandler Motors 44% |Frants —- 4.50 Chesapeake & Ohio 6544 |Gates . 07 Chicago & Northwestern -_ .60% [Jupiter --__-_-_______ 02 Chicago, MU & St. Paul, pfd .24% ;Kinney Coastal -.-_ .19 Chicaga, RI & Pao .21% |-ance Creek Royalty, .01% .02 ‘Chile Copper 26 0 |Matine 42S 4 Chino Copper —. .16% | Mike Henry —-— 00% .01 Consoliimted Gas ————__ .60% |Mountain @ ‘iclf 116 1.18 Corn Products --—--_--.1.23 |New York Oil 00 10.00 Cosden Oil —. 25% |Picardy -----_--__._ 03% .0t% Crucible Steel 58% |Red Bank --..-__ 2.00 8.00 Cuba Cane Sugar, pra 45. |Royalty & Producers .06% 07 Erle - _ 18% |Sunset . —__. 01% .02% Famous PlayereLasky -——— .69% |Tom Bell Royalty —_ .02% .03 General Asphalt .237 | Western Exploration - 3.10 8. General Blectrio ——____1.71 |WyoKans - ma 00) Genefal oMtors 118% | Western States — Great Northern pfa 43% /¥ O00, ....... Gulf States Steel -73% | NEW YORK OURB CLOSING Illinots Central --——______-1.04% | Mountain Producers 14.00 14.50 Insptratidn Copper 25 |Glenrock Oil a2 y 378 International Horvester - .74 |Salt Creek Pris ---18.25 18.50 Int. Mer. Marine pfd --.--- .24% [Salt Creek Cons — 7.25 7.75 International Paper --—.. .814% Mutual - ----.. 8.87 9.00 Invincible Of] ~-------_--__. .08% | Cities Service Com —--128.00 129.00 Kelly-Springfie\d Tire -—--— .22% Se Kennecott Copper --. 82% Lima Locomotive ~-----—-— .63% Louisville & Nashville —.. .8615 e Mack ‘Truck ——- 2 Livestock Marland Ol) —. 22% Maxwell Motors - are Middle States Off 05% Chicago Prices, wired Paathie wed ee seu | CRIGAGO, Oct, 17—(U. a, Depart hac Tock Geateel aloo% | ment of Agriculture.)—Hogs—Re- N ¥, N H @ Hartfora 12% celpts 82.000; uneven; mostly 10 to : - 1Sc lower; few choice medium Hertel & reser flag | welent butchers 8 to 100 off; ight Ost On ‘an | weight 10, to 260 lower; bulk desir ‘ 5 e230 to 825-pound butchers cae area” Petroleum B-- {5% |7.90@8.00; top 8.00; better grades Peaple's Gas . 89% |150 to 220-pound averages mostly Producers & Reriners ------- 19g | eee TEST Danking sows largely Bon eee 47% | 6.75@7.00; desirable weighty slaugh- ioe ore “75” | ter pigs 6.50@7.00; heavy weight + ekak 27% | hogs 7.45@8.00; medium 7.50@8.00; ee cee aa cy | Ment 7,188.00; light 6.65@ eee one ——— ‘19 | 7.50; packing sows smooth 6.75@ Se ne “g5% | 7.00; packing sows rough 6.50@6.18; Putten Saiay: cee 32%, | Slaughter pigs 6.00@7.00. Cattle—Receipts 20,000; slow; kill- {ng quality plain; run largely native steers and yearlings; few loads fed steers and yearlings 10.00@11.25; early sales look weak to 25c lower; few yearlings showing least decline; she stock weak to 25c lower; bulls vealers about Standard Oll of N J _---. Studebaker Corporation ——~-. Texas Co. ‘Texas & Pact Tobacco Products A -. Transcontinental Ot] 02% | Union Pacific --. 1.27% | 7 i ores -.---. .05 B| Weak to 10c lower; Woe maexicoke steady; stockers and feeders weak; | ea earns gion thie xe ee) |tending lower; bulk vealers to pack- United States Steel 87% | ers 11.25@11.75; heavy bologna bulls Utah Cdpper .. 5724 | large'y 4.25@4.50; Nght bolognas Westinghouse Blectrio ---. 56% | 2:35@3.85; few western steers o@ Willys Overland —.---. 108% | fered; best held around 8.25. Amer Zino, Lead & 8m 07% | Sheep—Receipts 26,000; slow, fat lambs fully 250 lower; no western sold; few choice loads natives to packers 12.25; most better grades choice Nght weight odd lots 6.50; feeding lambs weak; several loads 13.00. Butte & Superior ---. Colorado Fuel & Iron National Lead Shattuck Ariona Standard Oil Stocks Omaha Quotations. OMAHA, Neb., Oct. 17.—{U. S. De- partment of Agriculture.)—Hogs— | Receipts, 8,500; fairly active to ship : Stocks : Grain NEWS AND QUOTATIONS BY LEASED STOCKS RALLY New Low Records Touched In Early Trading On New York Exchange NEW YORK, Oct. broke sharply and then rallied in today's relatively quiet stock mar- ket. Early selling represented the liquidation of weakened marginal accounts and offerings of bear speculators based on cuts fn ofl and tire prices and the fear of a cut in freight rates on grain but easier money rates and a growing velief that the technical 17.—Prices extensive short covering later. Sales approximated 600,000 shares. NEW YORK, Oct. i7.—The line of least resistance at the opening of today's stock market was still down. ward. Selling of western rails, based on speculative fear of a cut in freight rates on grain was re sumed, although Northern Pacific made a partial recovery of yester- day's 3% point loss, Kelly Spring- fleld established another new 1923 low. The general st continued heavy the first half hour with selling pres- sure concentrated on the grangers, leathers, some of the independent steels and specialties. New 1923 lows were established by nearly a dozen stocks including Otis Steel preferred, British Empire Steel,, first Preferred; United States Rubber, Chicago and Northwestern, Coca Cola and Endicott Johnson, the losses ranging from fractions to 3 points. Rock Island, 7 per cent pre ferred, was strong. Foreign ex: changes opened trregular Speculators for the decline en- countered stubborn resistance be- fore the end of the first hour upon the apparent completion of the liqu!- dation of the weakened marginal accounts which had carried a score of Issues to new low leve!s for the year. The market then turned abruptly upward in response to rather heavy buying by speculative nterest on the theory that the technical condition of the market warranted at least a temporary rally, This maneuver resulted in rather extensive short covering s0 that before noon such leaders as United States Steel, Baldwin, Stude- baker, American Woolen and Amer- ican Can were sel'ing one to two points above yesterday's final fig ures, Woolworth jumped 6% points to 2.06%, a new top on re- ports of record breaking sales and Phillip Morris established a new 1923 record at .20% in anticipation of a merger of that and other to bacco compantes Call money opened at 4% per cent. Northern Pacific went of fto 50% In the afternoon, a new tow price for the year but other representa- tive shares held up well and in some instances sold higher than in the forenoon, ‘The closing was trregular. Steady absorption of American Can, Bald- win, Studebaker and DuPont served to keep speculative selling in check in the late dealings although North- ern Pacifico continued under pres- sure, selling as low as 50. Bid Asked | pers on better grades; mostly 10c | Anglo - 14% 14% | lower; bulk 200 to 825 pound| Buckeye — -—-—--—_- .173 .75 | butchers, $7.00@7.35; top, $7.40; Continental - 35% .87%| mixed loads and packing grades, Cumberland . --------1.05% 1.08 | slow, 15@26c lower; mixed loads, Calena . --------—--- 60.61 | $6.70@6.90; packing sows, 36.40@ Tilindis .-. —- ----———1.55 1.57 6.60; average cost yesterday, $6.91; In¢iana — ——--—-- .88 89 | weight, 271. Nat Tran 22% Cattle—Rece!pts, 8,000; beef steers, N Y Tran 92 slow, generally steady bulk fed Nor Pipe ——1.03 steers and yearlings, $8.50@10.60; Onto O11 34 prime long yearlings held at $12.00, Prairie Of ------1.05% 14 | were sold at $11.75; grass steers to Prairie Pipe 93% .99 | packers, $5.75@6.75; she stock, slow, Solar Ref —--1.72 1.76 steady to weak; bulk canners and Sou Pipe cutters, $2.35@3.60; grass cows and S O Kan heifers, $3.50@5.25; other classes, so Ky 91 .92 | steady; bologna bulls, $3.50@4.0v: S O Neb ________2.15 3.25 [light veals, $8.50@10.00; stocker SON Y. ——-- 41% 41% | $5.5006.50; | bulk feeding steers, S O Ohio ——------_3.18 2.78 | $6.25@7.00. Union Tank --—------ 87 .90 Sheep—Recetpts, 27,000; fat lambs, Vacuum — —-- 49% 60 | sheep and feeding lambs, 15@25c S P OM 1451.16 |lower; bulk fat western lambs S O Ind —------------ 65% .55% | $12.26; top to shippers, $12.40; na- tive lambs, $11.60@11.75; early ewe sales, $%.00@5.50; feeding lambs, | $11.25@12.65; feeding and breeding ewes, $1.00@2.00 low quoted $3.50@4 50; breeding ewes, $4.5006.50. Crude Market Cat Creek -—..-.. been lost. The lowlands of Shawnee, 45 miles | | distant, also were flooded, driving | scores of persons from thelr homes. A few miles out of that city offi cinls of the Chicago, Rock Island Pacific ral!rond tore up several sec tions of trackage to save it from the destructive water. | From Muskogee came word of ae vere damage to farm lands and highways by the overflow of the) Arkansas river north of there, Okmulgee reported several negro families driven from thelr homes by | flood water of Deep Fork river, much loss of livestock and damage to highways and crops, Streams near Enid and Woodwara are reported receding. At El Reno the populace 1s threatened with a water shortage. | Both of the city mains were dam- aged by the high water and with but scant prospect of repairing them, for several days yet the city 1s depend-| ing solely for its domestic supply on & small stand pipe, the contents of which rapidly ig being exhausted. Lance Creek -—~. Denver Prices. nee 3'3|_ DENVER, Colo, Oct. 1%9—(. 8. Torehlight 2 —— 1-83 | Department of Agriculture)—Hogs, Elk Basin 1.35 | receipts 350, mostly 10 to 150 lower: Greybull 1.35} top $7.65 pala for good 224 pound Rock Creek +90 averages; one load good 197 pound Salt Creek -------------------- -90/ weights 7.60; few drive-ins $7.50; Big Muddy -. w--——--—— -75/ most other lots $7.25@7.85; packing bi ek $0) sows weak to 250 lower; mostly ede iat ERA ESSE wl $0.25; pigs steady; most stock kind |$6.00@6.25; few killery at stags $5.00 to $5.50, Cattle, receipts 2,500; calves 100 active; fat sho stock steady to strong; spota higher on he!fers; other classes fully steady; best cows $4.50 @6.00; desirable helfers $5.50@5.75; NEW YORK, Oct. 17.—Foretgn|canners and cutters $2.00@2 5; bol. exchanges irregular; quotations {n | ogna bulls mostly $3.25 down; early cents: Great Britain demand 452%; sales stockers and feeders $5.50@ = — Foreign Exchange $6.60; [cables 453%; 60 day bills on banks ¢ 59; yearling feeders $7.10 to $7.26;! 450%. France demand 6.04%; cables! yearning etock helfers $4.60. 6.05. Italy demand 4.53%; cables)” sheep, receipts 28,000; little doing: 4.56%. Be'gium demand 5.22%:/ talking largely lower; few native| cables 5.22%, German demand drive-ins $11.75; one load 95 pound| 00000002; cables 00000002. Holland! Coloragos $11.68; one load 66 pound | demand 39.20; cables 89.25. Norway| averages to killers $11.60; no sheep demand 15.50. Sweden demand 26.-/ sold; bulk of run on through billing. 38. Denmark demand 17.56; Switzer- baba. hid rhadian land demand 17,96. Spain demand $18.57, Greece demand 1,57. Pol and demand .0001%. Czecho Slo- vakia demand 2.98%. Jugo Slavia demand 1.18%. Austria demand demand ,0014. Rumania demand .47 Argentino demand 32.70. Brazil de-| mand 9.60, Montreal 95%. Silver uW YORK, Oct. 17.—Bar sillve $40; Mexican dollarg 48\o. { NEW YORK, Oct, 17.—In_ re fined sugar the list prices were un- changed at $9.15 to $9.50 for fine granulated with demand somewhat better. Refined sugar futures nominal, Sugar futures closed barely steady; approximate sales 33,000 tone. October $6.00; December $5.24; March $4.05; May $4.13. NEW YORK, Oct. 17.—Call money easter; high 4%; closing bid 4; of- fered at 4%; last loan 4. Call loans against acceptances 4%. Time loans steady; mixed ooliateral 60-90 days 5@5%; 4-6 months 5% @5%4. Primo commercial paper 5%. Metals NEW YORK, Oct. 17.—Copper steady; electrolytic spot and futures 12%@13. Tin steady; spot and nearby 41.87; futures 41.62, Iron easy; number 1 Northern 23.00; number 2 Northern 22.00@22.50; number 2 Southern 21.004)23.00, Lead steady, spot 6.85. Zinc firm; East St. Louis spot and nearby doe-| livery 6.35@6.40. 745 @7.65. Antimony spot Po i CHICAGO, Oct. 17,—Potatoen— Weak; receipts, 134 care; total U, 8. | shipments, 1,237; Wisconsin sacked round whites, No. 1, 95c@$1.10 ewt.; ditto, bulk, $1,00@1.15 cwt.; Minne. sota and North Dakota sacked round whites, No. 1, partly graded, 85c@$1.00 cwt.; Minnesota and North Dakota sacked Red River Ohios, 85@95c cwt.; South Dakota sacked Early Ohios, No, 1, 90@960 cwt, ———_——__ — Flax. DULUTH, Minn., Oct. 17.—Close flax: November 2.49% TM; May 2.43%. December WHEAT PRICES “Eax| AFTERDEGUINE) GETSETBACK Early Strength Resulting From Corn Advance Offset by Decline CHICAGO, Oct. 17.—Holders of wheat sold freely in the last part of the board of trade seasion today and found the market poorly supported. It was sald that rains, although un. favorable for the rapid drying out of corn, were giving the new wheat crop a good start. Prices closed un- settled, 1% to 1%c net lower, De cember $1.06% to $1.06% and May $1.11% to $1.11%. CHICAGO, Oct. 17—Fresh strength in the corn market brought about a rally in wheat prices today soon after the opening. Initial de clines in wheat were associated with talk current that an advance in vessel rates on the Great Lakes might soon divert larger shipments of wheat into the United States from Canada, and that any reduc- tion in raf) rates would be insuffi clent to put domestic wheat on an export basis. Unfavorable weather, however, and Nebraska reports of corn rotting in the fleld, tended to lift corn values and indirectly had @ bullish effect on wheat. After opening at Mo off to %o up, De cember $1.08 to $1.08% and May $1.12% to $1.12%, wheat underwent a slight general sag and then re- covered to above yesterday's finish Subsequently, sentiment changed and lowest prices of the day were made near the clos Corn opened % to %o higher, De cember 77% to 78c, and then de- clined a trifle before beginning to ascend. Later the market eased down tn sympathy with late weakness in wheat. Corn closed unsettled, quar- ter to %c net lower, December 77% @% to 77Ko. Oats started unchanged to %c lower; December 42%c and later held near to the opening range. Provisions were easier tn line with the hog market. Wheat— Open Hiph Low Close Dec, ---. 1.08 1.08% 1.06% 1.06% May 1.12% 1.12% 111 111% July -—- 1.09% 1.09% 1.07% 1.08 Corn— Dec. —— .77% .78% .76% .77% May --— .75% .76 ‘T4% TAM 16% .16% .75 15% Alm % 42% 42% 45% ABM 44% 44K At% 44% AS A 12.20 12.20 12.15 13.20 11,07 11.07 11.02 11.07 ——— 19:40 9.25 9.25 Cash Grains and Provisions. CHICAGO, Oct. 17.—Wheat—No. 2 hard. $1.09@1.12. Corn—No, 2 mixed, $1.09; No. 2 yellow, $1.11@1.12. Oate—No. 2 white, 43% @44%c; No, 3 white, 42% @43% Rye—No. 2, 72% @78c. Barley—63@780. Timothy seed—$7.25 @8.00. Clover soed—$19.00@23.00. Lard—$12.45. Ribs—$9.12@10.b0. Butter and Eggs Oct, 17. creamery extras 47@. 45%; extra firsts 42@.43; seconds CHICAGO, settled; standard 46; firsts aa Butter un Egss cases. unchanged; receipts 4,309 Cotton NEW spot quiet YORK, Oct. 17.—Cotton middling 31.05. M arkets His Cro p From Ten Acres By Parcels Post CRAIG, Colo., Oct. 17—(United Press.)—Marketing an entire farm rop via parcels post, and that at a profit, 1s the experience of F'rani C. Barnes, Jr., of Lily. Having neither raflrond nor freighting route from the district Barnes made arrangements to handle produce nevertheless. He confined his crop entire'y to alfalfa seed, giving him the least bulk for the gross returns, and is shipping the proceeds of 10 acres by mail. It is not ajtogether a new ex- perience for Barnes, Last year he marketed a considerable portion of his crop tn the sume manner, and sived a good income, with seed Ing at 25 cents a pound, He belleves the price may be still higher this season. His farm t# non-irrigated, and the seed much in demand because of its hardy dis ense-proof nature, Author Is Sued On House Contract TUCSON, Artz., Oct. 17—(nited Press.—Harold Bell Wright, fame ous author, has been named defen® ant in a ault for $2,950 here. C. C. Tapp instituted the sult on e claim he had been given a ver- | bat contract to erect a residence for the author, and without notice was called from the job. | th PAGE SEVEN. Liberty 8%s ---._. Aberty First 4%— —_ Liberty Second 4%4s —___. Liberty Third 4% Liberty Fourth U. S. Government 4%s —. Czechoslavak Rep. 8, ctfs —. Danish Municipal 8s A ~---____ Dominion of Canada, 5s, 1952 -— French Republlo 744s Japanese 4a ___ = Kingdom of Belgium 8s Kingdom of Norway 6s Rep. of Chile 1946 _. State of Queensland 6s U. K of G. B. and L., 5% = RAILWAY American Smelting 53 — American 6 American and American and col., Anaconda Copper 7s, 1938 Anaconda © 95 At. T. and § Baltimore and Ohio cv., Bethlehem Steel con 6s, Series Canadain Pacific deb., 49 Chicago, Burlington and Quincy ref., 5s --___--— 98% 98% 98% Chicago, Mil and St. Paul cy. 44s ---_sese 66% 56 Chile Copper 6s .. 9 Goodyear Tire 8», 1941 ~. Great Northern 753 A Montana Power 6s A_ Northern Pacific ref. Northwestern Bell Tel. Pann. RR. gen. Sinclair Con Oil col 7: Southern Pacific ev., 4s Union Pacific First 4s U. 8. Rubber bs — Utah Power and Light 5s Western Union 6%s8 ~~. Westinghouse Electric 7s Wilson and Co., cv., 6s 17 CONVICTED FOR OIL STOCK FRAUDS; COOK NOW ON TRIAL FORT WORTH, Tex., Oct. 17.— tion has been made tn six of these (By the Associated Press.)—Since| cases. Seventeen convictions have th t nm secured, with eight prison he inception a year ago of United tai aggregating 27 yi 4 States Attorney Henry Zweifel’s campaign on mail frauds in conneo- tion with oil operations in this dis- trict, federal indictments have been returned in 29 involving fines assessed totalling $113,503. Seven of the 22 men indicted with Dr. F. A. Cook, Arctic Ex- plorer, whose case ts now on trial, have entered pleas of guilty but sentence hi not been imposed, IGNORANCE GIVEN AS MAIN CRIME REASON LINCOLN, Neb., Och 17.— “No doubt you are satisfied thst (United Press.)—B. Clark, convict|many of the convicts who heard you No. 8284, serving fifteen years in tho here appreciated your address on Nebraska State Jenttentiary, has, the constitution. What interested written an appeal to all Americana|me especially was the closing sen- “to let reverence of the law become|tence, quoted from Lincoln. If the the political religion of tho nation."'| advice given therein had been car His letter, a stirring plea, written| ried out in an elementary course of behind the gray walls of the penal/tnstruction in the common schools institution, was ddressed to County| of this country crime would not be Attorney C. EH. Matson of Lincoln,|so prevalent today and many who after Matson addressed the convicts/are now considered dangerous on the subject “T Constitution of|criminals would have been good the United State: citizens. Clark's prison record shows that he has served two years in the Min- nesota penitentiary prior to his con-| viction in this state for robbery. His letter follows: GOVERNORS Ii INQUENA TODAY FOR SESSION. Wyoming Executive Is) Among Gathering at West Baden. WEST BADEN, In4., Oct. 11— (By The Associated Preas)—Gover- | nors or executive representatives of 37 states and territories moved | on this city toCay for the fifteenth Ignorance Causes Ortmo “Ignorance of the law is no ex cuse, of course; nevertheless, tgnor- ance of the law ts crimes most fruit- waves, but you are now dealing with a flood. To impound this flood behind prison walla ts a tem- porary expedient. Crime has come in like a flood. ‘The spirit of pat- riotism should set up a standard against it, as suggested by Lincoln. What better standard could there be than the standard of good citi. zenship. In what better place could it be set up than in the schools of America? “No man would be worthy of greater honor or more enduring fame than he who ts instrumental in introducing Into the schools of America a simple course of instruo- tion upon the law of the land, its purpose, the blessings attending obedience and the blighting effects of disobedience thereto. “Laconia bad her Lycurgus to give undying fame to the Spartan soldle: America awaits a Solon to sive like honor to American, citizen- ship, ou may be astonished that a convict and a habitual criminal, so- called, entertains such sentiments, but yet, I am an American and 1 annual conference of fovernors,|hope some day to be worthy of the prepared to discuss national and | name. regional problems, and to organizo| “Wishing you ever increasing thetr program for a meeting In|honor and suce: Washington Saturday with Preal dent Cooli@ge, to consider prohibi- tion enforcement and related ques- tlons. An address of welcome by Gover- nor Warren T, McCray of Indiana a member of the conference execu tive cammittes and the response of “Respectfully, “B. CLARK. No. 8284.” The quotation from Lincoln which brought forth this letter was: “Let ce of the law be breathed by mother to the lisping babe prattles on her lap; let tt be - taught in schools, seminaries and Governor W. HL McMaster of | colleges; let it be written in primers South Dakota were to {naugurate|sneiing books and almanacs; let it |the session here. be preached from pulpits and pro- |, Taxation, agriculture, uniform | claimed in legislative halls and en- legislation, water power develop- ced in courts of justice; let it be- ment and rafiroad valuation are the political religic listed as the principal subjects to ana: Freon ee eee be considered by the entire oonfer- ence. Among governors officially reg: {stered at conference headquarters ar | Ac Colorado, William 3, Sweet: Town, pting Governor John Hom Loutsiana, John M. Parker | gan, Alex J. Grosbeck; Minnesota 4, J. A. O. Preus; Missourt, Arthur Mt. | Wile ter Cireus © Hyde; Montana, M. Dixon w Mexteo, James Dakota, Ro A te Bare ; Surveying and Locations ford Pinchot: South Dakota, Geologists, Oll ixperts, Ol Field |MoMaster: Texar, Pat M. Maps, Bins Printg Utah, Charles R. Mabey: Washing: WYOMING MAP AND ton, Louls F. Hart; i BLUE PRINT CO. John J, Blaine; Wyoming. W. B. FP. 0, Box 325 ,Ross: Ala Scott Bone; Hawaii, Room 10, Daly Bldg. Wallace R. Farrington.