Casper Daily Tribune Newspaper, October 18, 1923, Page 9

il : Finance | CRUDE OIL STOCKS INCREASE IN MONTH NEW YORK, Oct. 18—Gasoline were drawn upon to the ex- of 592,115 barrels during ber, according to reports re- ceived by the American Petroleum Institute covering approximately 67 per cent of the refining capacity of the United States. Pipe line and tank farm crude oll stocks east of the Rockies increased 4,379,000 barrels in September. ‘The daily average gross crude oll production of the United States do creased 82,050 barrels for the week ending October 13, totalling 2,125,350 says the weekly summary of the institute. The daily average production east of the Rocky Moun- tains was 1,304,350 barrels, a de- crease of 19,050. California produc- tion was 821,000 barrels, a decreaso of 13,000. Oklahoma showed a dally average production of 398,400 barrels, an in- crease of 1,450; Kansas 72.250, in- crease 1,400; North Texas 70,650, in- crease 2,859; Central Texas 283,500, increase 18,100; North Louisiana tent 67,000, increase 500; Arkansas 124,- 650, increase 2,200; Gulf Coast 99,950, decrease 1,150; Eastern 107,500, de- crease 600 barrels; and Wyoming and Montana 89,850, decrease 44,000 (decline caused principally by storm and flood in Salt Creek district). Daily average imports of petro- leum at principal ports were 195,741 barrels, compared with 251,571 for the previous week. Dally average receipts of California ofl at Atlantic | and gulf coast ports were 245,286 | barrels, compared with 208,571 for the previous week. California crude was reduced from | two cents to 28 cents a barrel de- | pending upon the gravity of the oil, | with no change for ofl below 22| gravity. ‘The present scheduie ranges from 60 cents to 76 cents a barrel. There were no other changes reported in crude oil prices for the/ major districts—Midcontinent being quoted from 90 cents to $1.75 a barrel, according to the gravity of the ofl; Pennsylvania crude, Brad- ford district, $2.75 @ barre! and all other grades $2.50 and gulf coast $1 a barrel. Big Muddy May Stage Big Comeback in Future Years' Prophesying that “Five years from now the production of the Big Mudé4y fieki will be at a very low ebb, but in 10 years the field will be producing more than it ever has” an of] man who asked his Glenrock interviewer to withhold his name, stirs up new hope !n the long con- tinuation, of the problematical life of thy Big Muddy oil reservoir. Follofing {s an account of this ofl man's promises in the words of his interviewer: “Ho figures that at the end of another five years the ofl in the ‘Wall Creek, Shannon and the num- erous stray sans will have been pretty well exhausted, but from then on drilling of lower sands which have been but slightly ex- plored will bring the field up to its largest production. “There is now but one well draw- ing ofl from the. deep sand and that one {ts only a partial success be- cause of the interference of water. It has been producing many months but it is satd.to be making about 100 barrels a day and 800 or 400 bar- rola of water. figure that there must be a tre- mendous volume of ofl in the lower sand to maintain even so large a flow when held back by probably a still greater weight of water. The water horizon having been located, can be avoided in future drilling with the probable result of a much larger of] flow. “Had not depressing conditions overwhelmed tho ofl industry re- cently doubtlers further drilling to the deep sand would have been un- dertaken, but it 1s thought prob- able that it will now have to await the return of more encouraging conditions than now exist.'’ Sunburst Oil Field Data HELENA, Mont., Oct. 18—(Spe- cial to The Tribune.}—In the Sun- burst field production runs averaged 3,500 barrels a day for the 90-day period ended on September 30, ac- cording to data prepared by Dorsey Hager of Great Falls, geologist for the Sunburst interests. Total pro- duction is 8,000 barrels a day from the 130 wells now completed tn the field and the fact that there are 80,000 acres of land considered proved, are facts that are not gen- erally known by those interested in the development of ths ofl industry in Montana, Mr. Hager said. Matters of interest about the field, brought to light during the last season are enumerated by Mr. Hager as follows: The amount of the capital stock already invested in the fleld 1s estt- mated at $6,000,000. The amount necessary to further Gevelop the field 1s $60,000,000. There are 130 producing ofl wells in the fleld. The actual runs of production s day have averaged 3,500 barrels for the 90-day period, ended September 20. ‘The amount of of] used in the flela is 1,000 barrels a day. The addittonal volume which could be produced by the operation of all the wells already completed {s 3,500 barrels a day. The present total production pos- sible ts 8,000 barrels a day from 130 wells. The average production of each well {s 60 barrels a day. One well has produced 160,000 barrels of of] since March 13, 1923. Detailed in Late Report ‘There are 80 wells still drilling. There are 30,000 acres of land considered proven. This will support 8,750 wells at eight acres for each well. The average of dry holes in all the proven area which has been out- lined with widely scattered wells, is one dry hole to seven producers. In nine sections containing 66 producing wells there have been three dry holes or one dry hole to 22 producers. It is considered fair that one dry hole to 15 producers will be a fair | average when-all the proven land is drilled. One hundred and twenty-five mil lon barrels of ofl should be obtained from the field by present methods. Known improved methods should increase this by 60 per cent. An average of] well now costs $12,500 to drill. This cost will be lowered to $10,000. A dry hole costs $8,000. This will be lowered to $7,000. The average cost of handling a barrel of of! for 10 years should| average 80 cents a barrel, including | drill cost. | The present price of crude is 70 | cents a barrel. The average price for ofl of Sun- burst grade for the last 10 years has been $2.50 a barrel. The price for this oll should aver- ago $3 a barrel for the next 10 years. The profits from this field should | be more than §$100,000,000, ‘The refined products from the pro- duction of this field should sell for perhaps twico the total price re ceived for the crude as produced. Producers & Refiners in Sand With New Producer No Salt Creek completions are re- ported by the Producers & Refiners tools at 2,775. No, 1, sec. 2 1,960, drilling blue corporation, though one of {ts wells| shale, 1s now being drilled into the second No. 1, sec. $3; 2,360, cleaning out ‘Wall Creek sand where production] at 9,295, will be found. Full account of the No. 8, sec. 85; 1,770, drilling gray various P. & R. field operations 1s] shale. given as follows: Salt Creek. No. 1—15-40-79, 2,627, cleaning out and swabbing. No. drilling. No. 7715-40-79, 2,436, pulling 8% eh casing. No. 2—18-40-79, 2,590, fishing, Enos Creel 1, 3,345 reaming 6% Inch casing at 3 Thornton—No, 1, 8-48-05, 2,335, 8. D., wa ting for casing. Gariand—No. 1, , 30-56-97, 1,470, 12% inch casing landed on bottom, preparing to resume drilling. and Draw—No. sec. 9; 1,710 see. 15; 2,388, cleaning out Preparatory tg continue drilling. Ferris —No, 2, sec. 25; 1,845, 8. D, ? 6, sec, 25; 1,855, S. D., watt- ing_on crew fron under | &t Wertz—No. 3, ing hard lime, Bell Springs—No. 1; 1,910, shate— waiting for boiler from Mahoney sec. 7; 2,844, Arill- 4—15-40-79, 2,221, top SWC | lease. Sherard Dome—No, 1, sec. 2,805, cementing 8% Inch casing. impson Ridge—No. 1, sec. 16; 605, straight reaming 20 inch hole 135. Baxter Basin—No, 1, sec. 36; 2,400, fishing for 10 tnch casing. 14; Butter and Eggs CHICAGO, Oct. 13.—Butter— ery extras, 47c; stand- firsts, 45@46c; No. 23, sec, 27; 50, 8. D. mds, 41@ - Mahoney Dome Unchanged, receipts, 6,296 No. -2, sec. 4, 2,883; fishing for] cases, - Men of experience | | New York Stocks |Invinetble Oil. ---------_1_ | Kelly Springfield Tire | Kennecott Copper Lima Locomotive | Loutsville and Nashville — Mack Truck Marland Oil .. 22 Maxwell Motors 10% | Middle States Of] -.--.-_.. 5M Missourl Kan, and Tex., new-11%B |Missour! Pacific pfa -.. 26 New York Central ---. 100% N. ¥., N. H., and Hartford .. 11% Northern Pacifico --...—.. Pacific Ol 50% - 37% |Pan American Petroleum B . 51% | Pennsylvania amas [People's Gas . 89%4 }Producers and Refiners — 20% Pure Ol! _— 17% _ — 74% Steel —___ 43% IT 18% |Reading .. | Republic Iron and Sear Roebuck ---. Sinclair Con. Of -. Southern Pacific 86 | 32% 32% Studebaker Corporation -... 96% Texas Consus. 40 Texas and Pacific - 18% ‘Tobacco Products A = 86% Transcontinental Off -—-. 20% United Reta'l Stores -...-- 5% U. 8. Ind. Alcohol 49% United States Rubber -..-. 34% United States Steel .. Westinghouse Electrio Willys Overland American Zinc, Lead and Sm Butte and Superior ---. Colorado Fuel anq Iron National Lead Shattuck Arizona Standard Oil Stocks Crude Market Creek Lance = Osage -————-———————————- Grass Creek Torchitght ———— Elk Basin Greybull ~. = | Rock Creek Salt Creek -...-—--—------------ Big Muddy «. iecitomcennaseat 618 |Hamilton = .90 |Mule Creek —._____ 78 | Sunburst “70 Oct. Weak; receipts, 123 cars; total U. 8. | shipments, 1,531; Wisconsin sacked ond bulk round whites, No. 1, 90e@ mostly around $1.00; | Minnesota sacked and bulk round | CHICAGO, 18.—Potatoes— | $1.10 cwt.; No. 1 and partly graded, | 85c@$1.00 cwt.; Minesota sacked Red River Ohios, 85@95o cwt.; South Dakota sacked Early Ohios, S5@95e cwt. NEW YORK, Oct. 15.—Bar silver 63%, Mexican doUars 43%. whites, } Allied Chemical "Dye 62 American Can 9245 | American International Corp. 17% American Car & Foun_dry-— 155% American Locomotive -.-... 69% American Smelting and Refg. 56 American Sugar -. 59B American T. and T. 123% American Tobacco -. 148%B American Woolen - T1% Anaconda Copper 35% Atchison .-_____________ 98 | Atl, Gulf and@ W. Indies -. 13% Baldwin Locomotive 116% Baltimore and Ohio 56% | Bethlehem Steel 47% California Petrdleum -..-... 18% Canadian Pacifico ——. 141% Central Leather --...-.... 14\% Cerro Ce Pasco Copper ex Div 37% Chandler Motors --..... $945 | Chesapeake and Ohio -.--. 65% Chicago and Northwestern -. 59% Chicago, Mil and St. Paul pfd 25 Chicago, R. I. and Pac. ~ 21% Chile Copper -— 25% Chino Copper -. 15% Consolidated Gas ----.... § 60% jCorn Products ~.--.... — 123% Gosden Ob. 8 Crucible Steel nL oT Cuba Cane Sugar pfd -----.. 45% Pris es EES: Famous Players Lasky -----. 67% General Asphalt ~~. 27 General Electric -—~----.... 1714 General Mators 137% Great Northern pfd - 515% Gulf States Steel WW. 73% Iilinots Central .. - 104% Inepiration Copper --.... 25% International Harvester -.. 78% Int. Mer Marine pfd -------. 26% International Paper ane 32 Norfolk and Western ----. 101% / Union Pacific -——---———-— 127% | Bid Asked Anglo -.. soareceren 1H 20% Bnuckeye -i—--————-- 72 75 Cintinental .-..-—.--. 36 37% Cumberland -..-----. 105 106 Calonal one Sanna 60) 81 Ilinols —_. 164 155 Indiana .. 90 Nat. Tran 23 N. Y Tran 96 Nor Pipe 104 Ohio Oll 55 Prairie Of] 168 Pratrie Pipe 991% Salar Ret 175 Sou Pipe 92 Ss. O. Kan 89% S. 0. Ky. 92 S. N. Neb. 225 8. O. N. ——o 41% 8. 0. Ohio ee 280 Union Tank 8T 90 Vacuum 50 B. P. Oil Keceeeeeee 113 1116 | 8. O. Ind. -. - 55% 655%) pacar wna oe Cat Creek —-a..namas oe mnmmnm—= $1.85 | Stocks : Oil Securities (By Wiles, Cranmer & Company) LOCAL OIL STOCKS Bid Asked Bessemer x. oer || Rig Indian - WW. 14 /.16 Boston Wyoming —-. .75 .20 Buck Creek .. pave CIs PRT cO Yoo ace oie BF oi AS | Blackstone Salt Creek .21 .32 Chappell teas) AS ORAS: Columbine 10 ——— AL Central Pipe Line ---. 1.95 2.00 Cons@idateG Royalty ~ 1.16% 1.17% 04 03 Domino . --—-_-.. °.08 Elkhorn ..-2.--- .03 |E. T. Williams — 48 Fargo 3 |Cow Gulch —-_-.____. Frantz .. |Gates — A Jupiter 03 ‘Kinney Coastal 18 “ance Creek Ruyalty. .01% Marine Alike Henry Mcuntain & ’ |New York On 8.25 9,00 |Picardy — 04 05 | 202 | 3.00 x 06% Sunset 01% 02 Tom Bell 02.08 Western Exploration .3.15 3.25 [Wyo Mane) 50 se, |Western States --. 18 .19 SF Oli guetesenenaen = 08 .09 NEW YORK CURB CLOSING Mountain Pro@ucers_. 14.87 14.62 Glenrock | Of) (78. |Salt Creek Pris, -—-. 18.12 18.37 Salt Creek Cons 712 7.50 Mutual 8.87 9.00 128.50 129.50 Livestock Chicago Prices, CHICAGO, Oct. 18.—{U. 8. Depart- ment of Agriculture.)—Hogs—Re | ceipts, 45,000; mostly 250 lower; spots off more; bulk good and choice 240 to 325 pound butchers, $7.60@ | 7.75; top, $7.75; better grades 170 to 80 pound averages, $7.35@7.55; packing sows, mostly $6.50@6.75; slaughter pigs, 60c lower; desirable weighty kind, $8.00@6.50; heavy weight hogs, $7.20@7.75; ‘medium, 25@7.75; light, $6.75@7.65; light t, $6.25@7.25; packing sows, mooth, $6.50@6. packing sows, rough, $6.25@6.50; slaughter pigs, $5.50@6.75. Cattle—Recetpts, 18,000; very slow: prospects 15 to 250 lower; run late in arriving; killing quality reflects considgrable improvement; numer ous strings good to choice yearlings and hhndy weight steers offered: jearly top long yearlings, $11.50; some held around. $12.00; matured steers rather scarce; late top Wed nesday on weighty steers, $12 | bulk fed steers and yearlings toda: of quallty and condition to sell at $10 00@11.00; she stock sharing de steady; bulk vealers to packers, $11.25@11.50, upward to $12.75 and above to outsiders; run includes about 1,000 western grassers. Sheep—Receipts, 14,000; stow, few early sales; fat native lambs, weak to around 25¢ lower; no western fat lambs sold; feeder: ; sheep scarce, about stead: native fat Inmbs, around $11.09 largely $9.00; feeding lambs $12,60@13.00; native breeding ewes. | $6.50@6.75; western full mou’ | $7.26@7 | Omaha Quotations. OMABA, Neb., Oct. 18.—{U. 8. De partment of Agriculcure.-—Hogs— Receipts, 7,000; uneven, 15@35c lower, mostly 25c lower; bulk 200 to 800 pound butchers, $6.75@7.00; practical top, $7.05; part load. $7.10; mixed loads carrying packing sows and lights, $6 60; packing sows | mostly average cost yesterday, $6.75; wegtht, 272. Cattle—Rece!pts, 5,000; all classes generally steady; bulk fed steers and yearlings, $8.50@10.00; choice long yearlings, $10.85@11.75; grass steers to packers, $! @6.75; grass cows and heifers, mostly $3.50@5.25; fed heifers, up to $9.25; canners and cutters, $2.35@3.25; bologna bulls $3.50@4.00; practical top, light ves $10.00; bulk stock steers, $5.60@6.50 | cline; other classes slow, generally | > Grain NEWS AND QUOTATIONS BY LEASED TUCK TREND lo oTRONGER Bears Unable to Force De- cline With Exception of Few Spots NEW YORK, Oct. 18—Chief tnter- est in today's stock market centered in ordinarily inactive specialties which showel mixed price changes. Merchandising and chain store issues gave the best demonstration of fSroup strength. The usual indus- trial leaders fluctuated within nar- row limits but showed a slightly !m- proved tone. Sales approximated 450,000 shares, NEW YORK, Oct. 18.—There was a fair accumulation of overnight buying orders in todny’s stock mar- ket and opening prices displayed a firm tone. Davison Chemical and Tobacco Products A each advanced about 1% points. Most of the rails and oils improved fractionally on short covering. changes of consequence fn the early trading took place In ordinarily inactive shares. Gains of a point or more were recorded by Wilson Packing, May Department Stores, Colorado and Southern and a few others. Some of the minor oils and rubbers were underselling Changes in foreign ex- rates were largely nominal, h francs falling a point to 6.00 Professional interests appeared to be marking time during the morn- on with the result that the arket leaders moved listless- within a very restricted aren. |The undertone was firm. Special- tles continued to be the center of | interest with the best gains being recorded by the merchandising ts- sues. R. H. Macy, May Depart- ment Stores, Woolworth, General American Tank and Nash Motors were pushed up 2 to 8 points, A half dozen stocks sagged to new lows for the yenr, tncluding Key- stono tire, Armour of Delaware. preferred, and Pennsylvania Coal and Coke. Call money opened at 434 per cent. Experiments of bear professtonals who were trying to pick out weak spots and unsettle the general mar- ket were frustrated py the effective tlve shares. National Enameling was hammered down 5% points to 35, © new low, and then rebounded to 47%. Famous Players, Coco Cola, Canadian Pacific and Lee Rubber also succumbed sharply to eclling. Tho closing was irregular. Some of the rubber shares established new 1923 lows in the final hour and the Pan-American issues also turned heavy but shippinga were bid up 1% to 2% points. Money NEW YORK, Oct. 18—Cal}] money easter; high 4%; low 4; ruling rate 4%; closing bid 4; offered at 4%; last loan 4; call loans against acceptances 4%; thme loans easier. Mixed collat eral 60-90 days 5@5%; 6 months 6%; prime commercial paper 5%. ene celles rf Foreign Exchange NEW YORK, Oct. 18.—Foreign anges easy; quotations in cents, reat Britain demand 452%; cables 452%; sixty day Dills on banks 450. France demand 65.9 cables 6.96%. Italy demand 4.52 cables 4.52% Belgium demand §16%, cables 516. Germany demand 000000011 cables 000000011 Holland demand 39.12; cab‘es 39.1 Norway demand 15.49; Sweden de- mand 26.32; Denmark demand 17.53; Switzerland demand 17.94; Spain de. mand 18.50%; Greece demand 1.57; Poland demand .0001%; Czecho- Slovakia demand 2.89; Jugo Slovin 118%; Australia demand .0014; Rumania demand .47; Argentina do- mand 4.29; Montreal 98 1-3 ae Metals few up to $7.50; feeders, largely $6.25 @7.00. Sheep—Receipts, 21,000; killing classes, steady; bulk fat western lambs, $12.00@12.25; top, $12.25; wethers up to $7.50; ewes up to | $5.75; feeding lambs, dull, mostly 250 ; bulk western feeding lambs, @12.25; top, $12.50; feeding $3.50@4.00; breeding ewes, mostly full mouthed, $4.25@6.00. Denver Prices. DENVER Colo., Oct. 18—(U. 8. Department of Agriculture.)}—Hogs |—Receipts 2,100; around steady to | 250 lower; mostly 10 to 25¢ lower; \top 7.45 paid for good 218-pound ‘averages; bulk of sales 7.10 to 7.35; few 190 to 210-pound averages 7.30 to 7.40; packing sows steady; mostly 6.00; few 6.25 to 6.50; stock kind mostly 6.00, Cattle—Recetpts 2,400; calves 5.50; uneven, generally stendy on all classes; few heifers 4.75 to 5.50; cows 4.25 down. Canners and cut ters 2.00 to 3.00; bologna bulls most- ly 3.00; medium to good vealers 7.50 to 8.50; p'ain heavy calves 4.00 to 5.00; best feeders 7.50, other stockers and feeders 4.75 to 6.50; feeders 4.75 to 6,50; feeder helfers 4.40 to : Sheep—Reeeipts 30,000; weak to lower on fat lambs; load 179-pound Colorados 12.00; city butchers, looks strong, to under lone steady; sheep and feeders; two loads breeding ewes 5. run on throug’ thy | me For results try a Tribune Clas fied Ad, 50; bulk of NEW YORK, Oct. 18.—Copper quiet; electrolytic, spot and futures 12% to %4. Tin firmer, spot an nearby 42.12; futures 41.75, Iron steady, prices unchanged. Lead steady; spot 6.85. Zino quiet, East St. Louts spot and nearby 6.40¢@76.45. Antimony spot $7.50@7.6¢. support extended to the representa-| | BRAIN PRICES. FORCED LOWER Russian Export Rumors Start Decline on the Chicago Market CHICAGO, Oct. 18—Assertions that leading British firms had con- cluded arrangements with Russian co-operative associations to finance the export of Russian grain had 80! bearish effect here on the wheat market today during the early dealings. A deoline in Liver- pool quotations acted also as a weakening factor. On the down- turn In prices, however, commission house buying increased. The open- ing, which varied from unchanged figures to %sc lower, with December $1.06% to $1.06%, and May $1.10% to $1.11%, was followed by a moder- ate setback all around. Subsequently, the ascent strength in the corn the market gave some- thing of an upturn to wheat prices, but the effort on wheat fatled to last. The close was heavy, % to 1%o net lower, with December $1.05% to 1.05% and May 1.10% to 1.10%. Corn and oats were easter, owing to a forecast of better weather. After opening unchanged to %c lower, December 77% to 77%o, the corn market underwent a general sag. Offerings became scarce later. and the market rallied temporarily. The close was at %c net decline to %o advance with nearby deliveries in demand, but deferred months lower, December .76% to .76%. a Oats started unchanged to %4@Kc off, December 42%c. Later, the market declined a little more. Provisions reflected weakness in the hog market. Open High Low Clore WHEAT— Deo. . ---1.06% 1.06% 1.05% 1.05% May 1.10% 1.11% 1.10% 1.10% July . .---1.07% 1.08% 1.05% 1.05% cOoRN— Dec. 11% 16% .T6% May . TAM 74 74 July 1h TAM TAN OATS— AZM ADH AA 445% a4 4 12.10 12.17 10.95 10.97 1.09 1.02 Cash Grains and Provisions CHICAGO, Oct. 18.—Wheat num- ber 2 hard 1.08%@1.11; No. 3 hard 1.08, Corn No. 2 mixed 1.10; No. 2 yel- low 1.12@1.18. Onts No. 2 white .48%@44; No. 3 white 42% @.42%. Rye No. 2, .71. Barley .65@.74, Timothy seed 7.55. Clover seed 19.00@28.00; lard 12.37; ribs 9.00@ 10.00, Sugar NEW YORK, Oct. 18-—With rumors that western beet sugar might be offered in local territory by Monday, refined sugar was un- settled and easy, although tho list for fine granu'ated remained un- changed at 9.15@9.50. Refined futures nominal. Futures closed steady; approxt- mate sales 18,500 tons. October 36; December $5.16; March $4.08; May $4.16. Cotton NEW YORK, Oct. 18.—Spot cot- ton quiet. Middling 29.80. ———_. Fiax DULUTH, Minn,, Oct. 18,—Close: Flax October 2.4 2.44%: December 2.42%; May 2.39% SIX DEAD IN © AUTOCRASH SAGINAW, Mich., Oct. 18.—Mr. and Mrs. Howard Peale of Flint, Liberty Liberty Third 43s Liberty Fourth 4\%s U. 8, Government Czechoslavak Rep, 8s, ctfs —. Danish Municipal 8s A — Dominion of C French Repu’ Japanese 4a _ —-- Kingdom of Belgium §s Kingdom of Norway 6s — D. of Chile Ss, 1946 State of Queensland 6s U. K. of G. B. and L., 5's ‘3 RAILWAY AND Smelting 5s Sugar 6s Tel and Tel cv. Tel and col, Anaconda Copper 73, Anaconda Copper 68, At. T. and San Fe., American American American American Bethlehem Steel con 6 Cer oe ‘on and Quincy ref., 0, Mil and St. Paul ev, Chile Copper 68 Goodyear Tire 8s, 19 Great Northern 7s A Montana Power 5s A __R. nelatr Con ©! thern Pacific ov., 48 -. Union Pacific First 45 U, 8. Rubber 5s Western U Westinghouse Wilson ang Co. AGE NINE. 86 86 LEGION CONDEMNS KU KLUX KLAN IN RESOLUTION ADOPTED TODAY (Continued from Page One.) any part of the resolutions report was tabled the whole report would have to be bled. Kansas de'egates motion to table Ku Klux Klan resolution was sec onded by Indiana but was lost by a tremendous roar of “No.” How ever, Commander Owsley said he was “in doubt” and the delogates began to boo the chatr. Chairman Mil'er of the committee then moved that the entire resolu t'ons report be adopted. This was greeted by @ ronr of “Yes,” Major harles Kendrick took the floor and asked for a sub-division for the Ku Klux Klan resolution known as “resolution 407." Chairman Miller withdrew his mo- tion to adopt the resolution as a who'e and that the report be adopt- ed with the exception of the Ku Klux Klan resolution. | This was carried, leaving only the klan res. olution before the convention, Although resolution 407 did not mention the Ku Klux Klan, the del- egates in thelr discussion sald {t referred to the Ku Klux Klan. The substitute resolution offered by Charles Kendrick of San Francisco calling for a compete denunciation of the Ku Klux Klan, was voted down by the American Legion dole- gates by a vote of 815 to 142, absent and not voting 36 This brought back on the floor the original “resolution 407" which is termed a “mild denunciation” of the klan. Oklahoma delegates offered a sub stitute resolution calling for the lo: gion to adhere to its original post- tion and stand for the legion Irre. spective of a man’s bellef or his bership in any aocte: he sub-resolution was lost by a roar of “No” which smaped the few “Yes. The original resolutions commit tee report covering “resolution 407," Michigan's resolution on the TRAIN BANDIT fa TAKEN BACK TO OXLAROMA and their four small children were killed today when their automobile was struck by a Pere Marquette passenger train at a grade crossing near Evart, Indictment Reversed. LOS ANGELES, Calif., Oct. 18.— The federal court here has upset an indictment returned September, inst the General Petroleum Co on and the Utah Of] Refin | Ing company, the latter of Salt Lake | City. Both companies entered de- |murrers to the indictment which |charged wrongful billing of gaso- Une shipments as petroleum gas, thereby securing lower freight rates, loading over the Santa Fe and Salt Lake roads, Mutunl Increases Storage. Grading Is under way for two new 80,000 barrel tanks for tho Mutual | Of company in Big Muddy fied vi the otitput of the Matual, ro Query at Gleprock will be curtailed until inarket conditions improve, the Market Gossip On Operations in Oil Fields and Briefs company will not overfook the ad- vantage of having as much cheap crude as possible on hand when there is a chance to make a larger profit from it. The Mutual last week put four more of the Blasdell pressure stills in operation, making twelve in ser vice with twenty more under con struction. Fensland O01 Company Farrell No. 2, sec. 18-39-78; 2,449; shot with 90 quarts nitro-glycerine, no gauge of production as yet. Bywnter No. 9, nec. 20-39-73; 1,340; blue shale, drilling. Blackstone Salt Harrison N 2 sec. 19.40-79; }1,500; blue shale, drilling. i N SWC sand, . 13-40. 25; drilling One of Two Men Sought For M. K. & T. Hold- up Is Captured. EL PASO, Texas, Oct. ». Dixon, arrested at 18.—Riley Deming, a fugitive from justice in connec: tion with a train holdup August 20 at Okesa, Okln., late yesterday, was taken through this city by a group of officers enroute to Oklahoma City. Dixon, who signed waivers on extradition, was sald to be one of the two men yet sought for the hold up of the Mis xas train. Fra n at large is said to bo ven men were tmplic bbery and six now are in cu h the arrest of Dixon, | said. | Officers in charge of Dixon were ur! Ke r o J. W. Adamson and H. A. Roland. |postal inspectors of Kansas Cit and Ben B. 2} ; the M. K. an to the officers, has © |im tie Oklahe Jalso in w lof of 1 t al months ago, M., 73 miles west of El Paso, as | Ku Klux Klan, was carried by @ second roar of “Aye: SAN FRANCISCO, Oct. 18—TIni- terest of delegates attending the fifth annual convention of the rican Legion, centered tn the 1 to be taken-by the organiza- on on important pub!ic questions, as the fourth day of the conclave »pened this morning. Confronted with the necessity for speedy ao tion on resolutions prepared by com- 8 during the past two days of the convention, the delegates today wrestled with the recommendations of the committeemon and found the harmonizing of widely divergent views among the legionnatres their most difficult task. Protracted committee sesstons yesterday and Inst night resulted in the preparation of resolutions, defining the attitude of the legion on the chief problems of organtsa- tton policy In a manner generally considered satisfactory, although committee leaders refused to reveal the promosals prior to the conven- ton session, } wy Ku Kivx Klan tssue, which developed Into a dead'ock yesterday, centering In the resotutions commit- tee, with Michigan delegates holding ut for complete repudiation of the organization, was one of the major ons confronting the delegates Likewise, the bonus prob upon which some of the dele vorgent views, loomed rth {mportently in today's deliher- nirit of compromise de- ed In connection with both ts. sues Inst night. Caucuses of delegates supporting different conditions for the post of national commander of the legion were In full blast last night and mitte day, ™m rates hold a | until the early hours of this morn- Ava ‘la information as to progreas of caucusing a4 not indicate any outstanding cholce for office, which will be decided at to- morrow’s seaston. After an early adjournment of the third day’s session yesterday, the delegates were entertained at a mammoth m‘lftary and aerial die lay at the Presidio and Crissey fleld, in which a huge fleet of army and navy airplanes, and troops ata- tioned here participated. In the evening the legion posts of 10 Calt- fornia cities and counties held a colorful and e'aborate parade through the business. district. Several banquets, dances and re. unions brought the day to a close, The principal speaker on today’s Program at the convention's buat. ness session was Samuel Gompers, President of the American Federa- tlon of Labor. nany of the convention dele 4 visitors the annual Olym. Pind of the legion at the University of California field, m track and field meet, a rifle shoot, a boxing tourna ment and luncheons and receptions held large importrnee. fake OS NEW PAINT AND GLASS STORE [5 OPENED HERE Your first tmpr the r Jon upon enter- and glass shop u have stepped In oceupled by 2 South Cen- nt and Glass ished agents reh Plate nt Co., and ing is in apotieasly ves nothing 3 repre- widely be new to make good tain