Casper Daily Tribune Newspaper, November 12, 1923, Page 10

. tel = we: >=. ee ee on Le es een ALL STOCKS ON (WHEAT PRICES UPWARD TREND) DROP ON MART Gains Range From One to Five Points In Climb In Street NEW YORK, Nov. 12.—The stock market's apparent indifference to unfavorable political developments abroad was the feature of the morn- ing session. Virtually all groups of stocks participated in the advance, the grains ranging from one to five points. Except for the heavy buy- ing of the Erie issues, most of which touched new high levels for the year, the upward movement was an order- ly one with the large bulk of the buying in 100 or 200 share lots. Mer- chandising issues led the rally but there was a good demand also for the stee!, equipment, motor, food and chemical shares. Call money open- ed at 4% per cent. Secretary Mellon's recommenda tion for a downward revision of fed- eral income taxes had a beneficial effect on stock prices which dis- played a strong tone at today’s op- ening. United States Steel, Bald- win, Studebaker and other pivotal shares opened fractionally higher and there was a good demand for the rails. Some of the oils were heavy in reflection of the gasotine price cutting war in the west. The market broadened and devel- oped increased strength as trading progressed. Kresge was pushed up five points and Congoleum three each to new high levels for the year; Brooklyn Union Gas and Woolworth each advanced 2%c and United States Steel, Baldwin, Gulf States Steel, Maxwell Motors A, Strom- berg Carburetor, Jones Brothers ‘Tea, American Can and Studebaker were among the many stocks to gain a point or more. Foreign exchanges opened weak, demand Sterling drop- ping more than 8 cents to another new low. —EEE—E TOWER TALKS HL. Estabrook, petroleam engi. neer of the Midwest, is In Cheyenne for jury service In the federal court. He will probably be gone several weeks. A. W. Peake, production superin- tendent, and A. G. Fidel, purchasing agent of the Midwest, returned Sat- urday from a trip to Chicago, where some of the large equ!pment for the new Salt Creek electric power plant was ordered by them. A turkey shoot in which mem- bers of the Midwest Athletic club will compete is planned for Sunday, November 25. Cc. L, Ferguson, supertntendent of the Marine Ol] company, returned from California yesterday, where he haa been for the past month. . C. Tonkin, manager of the} ‘Cesper Supply company, has gone to ‘CAloago by way of Denver, OM well supply dealers are finding themselves with about one-quarter or lees of their past summer's bus!- ness. By Christmas time they will net be hibernating, however, for there will be next season's campaign to prepare for. HLIENS GIVEN FINE WELCOME Continued from Page One, ‘The speaker attacked the attack- ers of the constitution and asked his hearers to stand firmly behind the enforcement of national and loca! laws. He pointed out that today the prisons of the land are not capable of holding all those who violate the statutes which have been passed for the protection and further- ance of life and liberty. ‘That service and duties are first to be considered when citizenship is. granted, was emphasized by Judge Rose. He declared that through working on this basis of duties toward others that much can be accomplished in establishing not only this nation but all others, on a foundation of lasting peace. In concluding, the judge said that never had he seen a group of newly made citizens who were so well ‘versed in the principles and history of the American government. When he had finished his final welcome he presented a silk fing to each of the guests of the day. Members of the @. A. R., Con- federate soldiers, and Spanish Amer- fean War veterans were present. Many other patriotic organizations were also represented. The greater part of the audience were, however, legionnaires belonging to loca! posts. | Directly before the platform were seated the men for whom the meet- ing was held. Mrs. Marguerite Curtz, Miss Gene- vieve Fitzgerald, and other Casper musicians were on the program. The George W. Vroman Post of honorary “Forty and Eight” haye shown themselves to be far- seeing organizations because of their Foreign Exchange Records New Low and Affects Grain Values CHICAGO, Nov. 12—With foreign exchange scoring new low records for the year, wheat underwent a fresh downturn in price today dur- ing the early dealings. Assertions that wheat market conditions were the most bearish ever known tend ed alvo to weaken values, It was contended, however, that wheat prices were already so low that bread has become the cheapest of foods the world over. Initial quota- tions which ranged from %c to %c) down, with December $1.02% to/ $1.02 “nad May $1.07% to $1.08, were followed by a moderate furth- er setback. Unfavorable weather gave firm- ness to corn and oats. After open- ing at %o decline to a like advance, December 75%c to 75%c, the corn market showed moderate gains all around. Oats started %e off to %eo up, December 41%0, sagge® a little and then made a slight general upturn. Provisions were easy in ine with | the hog market. oo BANK GOVERNORS MEET WASHINGTON, Nov. 12.—The regular quarterly conference of gov- ernors of the 12 reserve banks open- ed here today to discuss various questions dealing mainly with tech- nical bank operations. —— ooo GRAIN EXPORTS DROP. WASHINGTON, Nov. 12.—Grain)| exports from the United States last week were 1,696,000 bushels, com-/ pared with 2,147,000 bushels the week before. | New York Stocks Livestock By Wilson, Cranmer & Company American Can ~~... a 101% |American International Corp. 22! CHICAGO, Nov. 12.—Hogs—Re-|American Locomotive -.---. 73 ceipts 70,000; mostly 10c to 20c low |American Smelting & Refg. . 58% er; light mixed 15c to 25c off; bulk roared (Buea: z Ae 5 a rican T. and T. 23% good and choice 200 to 325 pouni 23 nae butchers $7.15@7.50; top $7.50; de- |American Soined ae sirable 160 to 190 pound averages premier st Cceoee mostly $6.75@7.10; packing sows largely $6,50@6.75; better grades Raldwin Locomotive 125 weighty slaughter pigs $%5.75@6; Baltimore and Ohio 59% heavy weight hogs $6.90@7.50; med-|Bethiehem Steel -. —— 50% jum $6.95@7.50; Ught $6.45@7.30; California Petroleum —___ 21% Ught light $5.75@6.90; packing |Central Leather -. 14% sows smooth $6.50@6.25; packing Coro, de ine Lire nr rat sows rough $6.25@6.50; slaughter Pet © and Ohio 73% pigs $5@6.15. |Chite Copper EE tt Cattle—Receipts 25,000; fed steers |Ghino Copper 374 yearlings and desirable beef heifers |Consolidated Gas 62% strong to 25c higher, yearlings|Corn Products 129% showing most advance; early top bese) eae 5 rr long yearlings $12.50 to shippers; | Crucible SSS & : Cuba Cane Sugar pfd -—-.. 46 several lots $10@11; demand for cers oe at weighty steers broader; killing quality generally plain. best weigh- | $9@9.50; run includes about 6,500 western grassers; none sold early; prospects fully steady; lower and handy weight veal valves $8.50 @8.75; stockers and feeders strong Mack Truck... to 25c higher, out of first hands Marland Oil |Maxwell Motor Sheep — Reoetpts 24,000; active; Middle States Oil fat lambs unevenly strong to 25 New York Central -———-—~ Northern Pacific —. Pacific O01 shippers $13.25; good clippers $12.10 7,2", American eFtroleum early. higher, bulk fat others and sheep steady; lambs $12.85@13; top to @12. $5.75 @6.2! ing lambs averaging seventy pounds $12.75. —— OMAHA, Neb., Nov. 12—Hogs—|Standard Oll of N. Joos Recetpts 7,500; very slow; early sales| Studebaker Corporation -—-- to shippers around 15¢ lower; de-)Texas Co. ------ sea sirable 200 to 325-pound butchers) 6.75@6.99; top 6.95; mixed loads carrying packing sows and lights 6.50@6.65; packing sows 6.40@6.50; packer buyers bidding fully 25c low- er; average cost Saturday 6.75:|Wostineteane 4 to weight 264. Willys Overland --.___. 7% Cattle—Recetpts 13,000; all classes|Butte and Superior ----. 16% generally steady; bulk fed steers|Colorado Fuel and Iron -—— 24 and yearlings 8.00@10.00; best long|National Lead --—_ 123% yearlings 11.85; grasg steers 5.00@ Or 6.50; grass cows and helfers 3.40@ 5.00; good grass cows 5.35; fed helf- ers 7.00@9.00; canners and cutters tandard tocks ; 2.25@3.00; bologna bulls 3.00@3.50; ) ois { practical veal top 9.50; heavy calves mostly 4.50@6.00; stockers and feed- ers mostly 5.50@7.15; top 900-pound Bia Asked feeders 7.60. Aomon maemamrrmns FHS Sheep—Recetpts 5,500; killing | SUCK eye | 3814 329 classes 15@25c higher; early sales! Cumberland ~cacele 113 114 western wooled lambs 12.25@12.50;\Ga'ena > 60 61 fed clipped 11.65@11.75; ewe top|Tiinois J22..-s------ 162 155 6.00; feeders steady; solid Nght west-/In¢iana ----------- | 83 84 ern feeding lambs 12.40. DENVER, Colo., Nov. 12.—Hogs— General Asphalt Ger Electric ty steers early $11.50; short fed |General aotere kind carrying consi@erabie weight [Great Northern pfa Gulf States Stee! — Inapiration Copper grades | International fat she stock slow; about steady; |Int. Mer. Marine pfd -. Invincible Ot] ~~~. bulls and vealers steady; bulk light |Kennecott Copper 5; cull natives $9.50@10; good pure of medium and handy weight fat ewes | Reading ; heavies around $5; feed-| Republic Iron Sears Sinclair Con Of —— Southern Pacific ---_-—___ Southern Rallway ~. Tobacco Products A Union Pacific U. United States Rubber ——___ United States NEXT 3¥Ripay, _ R00 PM Continent TAL RACE NEW YORK Te a — San ERaNeISCOL Taner eo l>sassy susie Tee. LOOK ANID LIKE {7 TAM SCHAGRIN'S SMOKe - 57 Harvester — Locomotive roducers & Refiners -. ‘and Steel —- oebuck 8S. Ind. Aicoho} --_____. Steel -.____.. 2 % Receipts 1.500; steady: active; un-/Mo Ol r—————— 85 485 even; mostly steady to 10c lower;\prairie Pipe .——---- 98 98% top 7.25 paid for two loads choice|solar Ref. ——— 176% 178 202-pound averages; bulk 180 to 230-|; 92 pound weights 6.35 to 7.10; one load 40 {desirable 210-pound averages 7.15;|9. 2. Ee ---——-——— ae ad few garbage hogs 6.50; packing|S- O. Neb. - eras}! tae te |sows ateady; mostly 5.75; few kill.|S- 0. N.Y. —————- Sere rte |ing pigs 5.75; tat kind 5.50 steady.|S- 0. Obl, - 9085 Cattle—Recetpts 14,500; calves um. 51% 51% 9.00; opening sales better grades|g p. Oil —— 108-110 | steady; undertone weak to lower:|s. ©, Ind -—~ 56 56% jbulk st unsold; few cows 3.50 to 4.65; helfers 4.25 to 5.00; ofa heifers 5.60 to 6.00; canners 1.75 to 2.00:| feeders 6.00 to 7.20; steers 4.50 to 6.50; feeder calves 2.75 to 3.15; shy kind 3.65; fat calves 4.00 to | eep—Receipts 6,000; active; fat }Jambs 25 to 40c higher; 12.40 paid Cotton M arket Is On Upward Trend NEW YORK, Nov. 12.—Following an excited and very strong Liver- recognition of Armistice day. Mrs.|for two loads 87-pound averages;| pool market this morning, cotton Vroman, mother of the Casper boy| one load holdovers 12.00; part loads| prices on the New York cotton ex who fell in France and for whom|down to 11.75; sheep steady to| change jumped fully $4 a pale in the the post is named, was present and|strong: fat ewes 5.25; few feeder) first half hour of trading. January to ber a tribute was paid when|kind 4 feeder lambs around 25e advanced to 33.32; March 33.62 and Judge Rose called upon the entire audience to stand in silence. higher; desirable 63 to 58-pound kind mostly 12.25, : aS Si May 33.65, with both Liverpool and mill interests heavy buyers. | id Wer, cant YOoR Av’ OR IO HAVE A TRAILER OF MY OWN - Oil Securities @®y Wilson, Cranmer & Company) LOCAL OIL STOCKS Bid Asked Big Indian -. —- 10 12 Beesemer = ---------. .22 . Boston Wyoming ---. .75 Buck Creek ----.--. .16 Surke .—............ .% Blackstone Salt Creek .30 Chappell -—--. 24 ‘olumbine --.------.. .10 Central Pipe ~~. 1.16 Consolidated Royalty ~ 1.17 Cow Gulch ----.-.... .03 Domino ~ ~--—~-----. .08 Elithorn +---------.--. .03 E. T. Williams — .44 a —_-—- Frantz 4.75 Gates 07 Jupiter —.. 02 Kinney Coastal -..... .19 21 Lance Creek Royalty. .01 02 Marnie - -.. ——-==-3.00 4,00 Mike Henry -~. WY 0) Mountain and Gulf 1.14 1.16 New York Oil ---. 7.00 8.00 Picardy 204 05 Preston 00% 01% Red Bank ~....---.. 2.00 3.00 Royalty and Producers .05 -06 junset ~—--...---.-. 01% .02 Tom Bell Royalty -. .02 03 350 3.90 Su 55 a4 16 07 09 NEW YORK CURB CLOSING Bid Asked Mountain Produ: 14.25 70 18.50 7.00 10.37 132.00 Torchlight Elk Basin Greybull Rock Creek -. Salt Creek Mule Creek Sunburst Potatoes CHICAGO, Nov. 12. — dull; recelpts 112 cars; $1.05@1.15 cwt.; few sacked $1@1.10 cwt.; 90c@$1.05 cwt.; Ohios 90@95ce cwt.; bottom Red rivers 65@70c CHICAGO, Nov. ; extra firsts 44% @.45%5; ards . firsts 42%. cases; firsts .44@.5i .32@.40. NEW YORK, Nov. 12. .64%; Mexican dollars .40 Big Muddy -—-——---—---_-- Hamilton Dome --—--—----- > ‘Wisconsin bulk round whites U. Shas oe 1, few fancy $1.15 cwt.; poorly graded bulk round whites 90c@$1 cwt.; Minnesota and North Dakota sacked round whites . S. number 1, and partly graded sacked Red river seconds: i Li a x Guess (rs AL Potatoes 20 cwt.; owt. = 12.—Butter un- settled; creamery extras .51%4; stand- 9; 49@.50%5; 2@ Eggs unchanged; receipts 3,370 ; ordinary firsts —_—>—-. Bar silver eureQ PLUG IN Twat “CROs CONTINENTAL oy s* \ ecazact Wx ONE HiunbaHd FoTesn SONES SEED OF tte bain: Electric Com Charter at CHEYENNE, Wyo., Nov. 12,— The Southern Wyoming Electric company, capital stock $150,000, has been chartered by the state of Wyo- ming. The corporation headquar ters ts Rock Springs and its pur- poses, as set forth in its articles of incorporation, are to construct hy- draulic and other works, build trans- mission lines and operate under not specified. The directors are BEugent McAuliffe, HB. 8. Brooks, G. 8. Bissonett, N. H. Loomis and Ed- sen Rich. Brooks is general man- ager for the United Pacifico Coal company at Rock Springs and Loom- s and Rich are of the Omaha head- quarters staff of counsel for the Union Pacific Railroad company, Other concerns chartered by the state follow: Winter Memorial Presbyterian Continued from Page One, commenced at the end of his last sentence. “I am not of those,” he declared, ‘that have the least anxiety about the triumph of the principles I have stood for “I have seen fools resist provi- dence before and I have seen their destruction, as will come upon these again—utter destruction and con- tempt. That we shall prevail is es sure as that God reigns.” A cheering throng of thousands packed the street and all nearby vacant space when Mr. Wilson ap- peared on the portico of his 8S. street home to deliver his second address in less than 24 hours and the third he has made since leaving the White House. A little bent with his four years of illness, he stood with bared head, after waving a response to the out burst of applause which greeted him, while Senator Carter Glass of Virginia delivered the address on behalf of the visitors. Although faltering a little once or twice, Mr. Wilson stood unassisted beside Senator Glass while he de- livered the first portion of his ad- dress, in which he gave to the men of whom he was “proud to remem- ber’. he had been commander in chief, the credit of making the “arnn- istice possible.” Predicting a new turn in the na- tion's forza policy, Senator Glass, in his address, dectared “we shall soon be compelled to put aside the covenants and feeble civilities of an ‘official observer’ to reveal our iden- tity as a nation which means openly to take its part and give directions to things that involve the security and happiness of all mankind.” ee Grasshoppers Hatching BASIN—Word comes from ths Paintrock and Shell valleys that grasshoppers are hatching out by the thousands up there and that the opinion seems to be that this fact 1s going to prevent the possi- bility of a grasshopper plague next summer. The county agent gives the idea the merry “Ha, Ha!" but others say that if his job depended on his hav- ing grasshoppers to fight he would be out of a job next summen ‘ranchises in various town and cities” MISTAH: GOOGLE DAT wuz ALL De DOUGH AN HAS WERE ALL SET, FOR FRIOST, SUNSHINE START PACKING © STO SIOM HERE THAT You GoT IT=— pany Given Rock Springs |church, Casper, capital stock $50,- 1000; directors, George E. Fitch, J. |W. Paterson, C. W. Deason and H. Freeman. State Securities company, Chey- enne, $500,000; George K. Thomas, W. O. Merryweather, W. E. John son, Foy C. Roberts and W. 8. Ward. Midwest Clay Products company, |Casper, $100,000: Ray Harding, A’- bert Amiotee, Alfred Brile, W. C. Settle and Fred Holder. German Emanuel Congregational church, Casper, no capital stock John L, Trout, Jacob Schillereff and George Walker, The Provident Buflding & Loan Association of Casper, filed certifi- cation of increase of capital stock from $2,000,000 to $5,000,000, and the Osceola Teapot Oil corporation of Casper certified increase of its cap- {tal stock from $150,000 to $750,000 WILSON TALKS | RECOMMENDS ON ARMISTICE) GUT IN TAXES (Continued from Page One) ation to the increased taxes that would necessarily follow from a so diers’ bonus.” In the tax revision, which he sug gested be made effective next Jan uary 1, Mr. Mellon recommended that taxes on earned incomes be re duced 25 per cent and the rate of normal taxes on incomes from fou per cent and eight per cent to three and six per cent, respectively. He proposed that the surtax rates be reduced by commencing application at $10,000 instead of $6,000 and sca) ing them progressively upwards tc 25 per cent on incomes of $100,000 Proposed changes in the earned income and normal tax rates would mean a loss of revenue, the secre tary estimated, of $197,000,000, the saving to the tax payers falling largely in the lower income brackets The proposed scaling down of: the surtax rates, he predicted, would in the long run mean higher rather than lower revenues from this source, because of the stimulus it would give productive business by the diversion of capital from tax- exempt investments, Important among proposed revis. jions which would provide taxation increases were limitation of the de- duction of capital losses to 12% per cent of the loss and Imitation of the deduction from gross income for interest paid during the year and for losses not of a business charac- ter to the amount the sum of these items exceeds tax exempt income of the tax payers. PRESIDENT AT WORK ON TALK (Continued from. Page one.) secondary place in the message. The greatest interest will be in the man- ner in which Mr, Coolidge treats the Proposal made by President Harding to the last senate that the United States accept membership in the per- manent court of international jus- tice. So far as has been revealed, Mr. Coolldge still expects to make mention that the proposal is before the senate for action and let the matter go at that, Liberty 3%s -. Liberty First 4%s -~. Czechoslovak Rep. 8s, ctfs -. Oanish Municipal 8s A -.-. Dominion of Canada, French Republi07%8 2 nee ae, Japanese 4s ~........ Kingdom of Norway 6s Rep. of Chile 8s, 1946 State of Queensland U. K. of G. B. and I, Kingdom of Belgium 8s --—-------------—--—-- 99% 994 99% 95% 95 95% 79% 79% 79 100% 100% 100% WAY AND MISOELLANEOUS American Smelting 5s ----------------------------. 91 90% 91 American Sugar 6s -.-..-.... —anenneenecnennnn= 101% 101% 101% American Tel and Tel cv., 6s 116% 116% 116% American Tel and col., tr., 5s enenennnnn-= 97% 97% 91% Anaconda Copper 7s, 1938 -----------____._.._._§._ 98% 98% 93% Anaconda Copper 6s, 1953 ~~. 96% 26% 96% At. T. and San Fe., gen 4s 87% 87% 87% Baltimore and Ohio cv., 44s ------___..Hs 8s 83 83 Bethlehem Steel con Series A —--- «6 97H Canadain Pacific deb., = - 80 79% = 79% shicago Burlington and Quincy ret., 5s —-- 98% 08% 9815 Chicago, Mil and St. Paul cv., 44s 56% CO 56 thile Copper 6s ~ monnennnen---———-= 98% 88% 95% joodyear Tire 8s, eeeennnnnw--—=-= 115% 115 115 jreat’ Northern Montana Power Nerthern Pacific ref., 6s B Northwestern Bell Te! Pann. R. R. gen., 58 -.. Sinclair Con Ofl col 7s — Union Pacific First 4s U. 8. Rubber 5s Southern Pacific ev., 48 Utah Power and Light 5s -__.. Western Cnion 6%s Westinghouse Electric 7 Wilson anc Co., ev., FAILS TO GET HAIRCUT, JAP STUDENT SLAIN BY CLARENCE DUBOSE (United Press Staff Correspondent) TOKYO, (By Mail to United Press- —Chilichi Ito, young untversity stu- dent, survived the earthquake and the fire, but he was killed just the same, a few weeks later—for no other reason than that he had failed to get a haircut. Like Sampson, his long locks were his undoing. One night a few weeks after the disaster Chikichi was bumped off by a band of super- | zealous patriot, because they didn’t like the style of his hair. In Japan the popular mind has associated musculine long hair with socialism, bolshevism, anarchy—all sorts of “dangerous thoughts,” as the police term used here has it. for him to be pointed out on the streets, and to be suspected by the authorities as a “dangerously-think- ing” person, Chikichi Ito wore his hair long. A good many Japanese students do. They may or may not be socialists. of harmless affection, a pose, adopt- jed for swank more than anything jelsé by the students. Shot Him to Death Ito was stopped one evening by jone of the numerous bands of self- jappointed “loyal legions’ who have | patroled the devastated districts since the disaster. He was told that his hair was long and therefore he must | be @ socialist, a thinker of “danger- ous thoughts,” an enemy of the For a man to wear his hair long ts| It seems, on the whole, to be a sort) 6s ----------_-_-__. country. He denied tt. The leader of the band examined him a long time and then, asserting that his de nial of socialism was untrue, shot him to death with a double-barreled shotgun, The loyalist leader {s tn prison and will probably be sentenced to life. The newspapers have denounced the occurrance as “another of the too numerous murders of suspected !ib- era's, committed by the volunteer Police since the earthquake.” Another case which has excite’ great furor here was the killing of Sakae Osugi, one of Japan's prom!- nent radical leaders, by an army Ueutenant, Amakasu, who had ar- rested and was detaining on susp!- hee @ number of socialists and rad- a. ‘The Weutenant, who is in prison, * testified at the preliminary hearing that he regarded socialists, anar chists, etc., as enemies of his coun- try and that so believing he con- sidered it a patriotic act for him to kdl Osugi—so he carried him out into an alley, shot him, and threw the body in a well, Fear Bloodshed These acts, the most conspicuous of a number of arbitrary measures attributed to the “volunteers” or “loyalists” several weeks after the earthquake, have added to the a- prehension felt by many persons here ee liberalism will ultimately react in @ wave of rioting bloodshed in Japan. oo There are various names for the bands that have volunteered to sup- plement the work of the military and municipal police since the earth quake. In effect, they are a com- bination in spirit of the Fascisti and the Ku Klux Klan. ‘They, have been of great service {n maintaining order in most cases, But the ex- ceptions—the murders of men be- cause they were socialists, or mer because they looked as though th might be—is believed to have oused a fury now concealed and fe: ful to attempt expression, that wi mean much trouble in months or years to come.