Casper Daily Tribune Newspaper, November 16, 1923, Page 11

DEMAND GROWING IN New York Stocks ~ BOSTON WOOL MART | === & Dre ——_ 4% 98% American Car @ Founéry — 179 American International Corp 23% American Locomotive emmenne , THM Refg 57% ue Stocks Oil Securities @y Wiew, Crammer & Company) LOCAL OL BTOCKS Bid Asked 10 a2 a9 aL Henry -——-. 0% Mountain & Gulf 114 1.15 New York Of 8.00 9.00 Picardy 04 05 Preston 00% 01% 00 Union Pacific ‘Western Exploration . Wyo. Kans ‘Western States On NEW YORK CURB Mutual .. 9.75 10.00 S O Indiana -.—__55.37 56.62 Cities Service Com. — 133.50 134.00 Anaconda, BOSTON, Nov. 16-——-The Commer, Domestic: Ohio anf Pennsytvanta| Atchison cial Bulletin wil say tomorrow: fleeces—Delaine unwashed .53@.54;/ Ati, Guit and Weet Indies — 14% “The wool market js strengthen-|fine unwashed 48@.49; one-balf| Raldwin Locomotive {mg on somewhat broader buying,|¥!00d combing .§4; threeeighth| baitimore and Ohio 87% including some speculation. Medium| blood combing .520.53. Bethlehem Steet 49% ‘wools, especially, are eagerly sousht,|| Michigan and New York fleeces—/California Petroleum 21% both scoured and greasy, white low|Delaine unwashed .50@.51; fine un-|Caunedian Pacific -~————__. 145 ‘wools are also in good request for) washed 46@.47; half blood unwashed |Central Leather -W---_ 12% fine wodlg sentimentally, {f not ao-|.52@.52; threeeight blood unwashed | Cerro de Pasco Copper --_._ 40% tuaily, stronger. In consequence of} .52@.54; one-fourth blood ufweshed|Chandler Motors ble this hardening of prices, exports are | 47@.48. Chesapeake and Ohio —... 71% made difficult, The manufacturers! Wisconsin, Missouri and average| Chicago and Northwestern -. 6045 are tenfing more or tess support to| New England one-half blood 51@|Chicago Mil and St. Paul pid 25% the market, although apparently] 52; three-eight blood 47@.48; one-|Chicago, R. I and Pan 2. 24 requirements in part, whil oe 0. hte Coane iru . Sccured basis: Texas fine 12 woods market is still hardly settled.) months 1.18@1.20; fine 8 months|COMsoliCated Gee fv" “The foreign markets, both sec-/1.05@1.10, \Corn Products 137% ondary end primary, are tending) Galtfornia northern 1.18 @1.20;| 70 Oll maamwnmmn—mnnnnn— 2 ee eee ee oe were 1.05. ay 1 sind odin) about Der cent bigher the week for the best wools in Australis,|139@126, casters” cote: tens | Famous a aa America buying rather freely in the/115; valiey number 1, 1.15@1.18. General Asphalt 31% light of favoring exchange. Fall General Electric 181% ‘wools in Texas brought 85 to 99| Oreson—Hastern number 1 staple |General Motors 14% Territory: Montane fine staple|Great oNrthern pra 66 centa, clean basis, landed Boston, ; to the chotoe 1.28@1.30; half blood combing |Guif States Steel 79% pocording character of the wool. Ssh tped paste tri Weed equabins: Eunos Central 102%B Pulled: Delatne 1.200128; AA/Int. Mer. Marine pfd 32% ‘The Commercial Bulletin wi pub-| 1.10%41.12; A supers 1.00, International Paper .———. 33 Bah the following wosi Mo! + Best combing .78@-.83;) Invincible Of 8% best carding .70@.75, Kelly Springfield Tire 25% Go. mae Kennecott Copper 34% e e Lima Locomotive -——.—_._ 65% min: esources Win fee == — ue ‘ Mack Truck 80% Marland O11 21% bgt tag Maxwell Motdrs 16% ecognition of the Hast sss sws"on ——— [8 Missour!, Kan and Texas new 11% Missourt tgeaskg, 23 Ni York Cent 101% ‘Moen of finance and captains of in-] of woo! produced and sends out each N.Y, Ne Hand Hartiord = 13% @ustry in Gotham learned ¢@ little| year in the neighborhood of $30,000,-| Norfolk and Western 105% more about the resources of Wyo-}°9 Dounds. Wyoming’s possibill-| Northern Pacific 63 one # ad ties for future development are al-|Pacific Ol! .------------—--> 87% ming other day when a large 24-| most unlimited. Irrigation projects|Pan American Petroleum B 65% vertisement was carried in the !ead-| now under construction will increase 1Pennsy‘vania ~ovetonnen 16186 ing papers of New York City by the| her total acreage under trrigation to People’s Gas -...----. 93% Bank of the Manhattan company.|nearly 4,000,000. Wyoming’s pro-|Producers and Refinere 11% Shown at the top of the feature was/ duction of coal, copper and petroleum | Pure Ol) Se this Ao Balsa 16% ® crowding band of sheep, and be-|!9 a'ready large and her known re- Reding ~—. 11% low under the head “The Contribu-| sources of tron, gold. silver and plat. Republic Tron and Steel... 40° tion of Wyoming,” the article sald.|inum are, as yet, almost untouched. |Seare Rogbock = 84% “Taking advantage of the char-| “With such great possibilities for|ginciair Con Oll 18% acter of much of her land, Wyoming| growth, Wyoming will require more| southern Pacifto 86% has gone into stock raising exten-| and more such adequate banking ser-| southern Rai! 35% sively and scientifically. Today] vico in New York as the Bank of{standard Of! of N. Joc 32% she leads the nation in the amount the Manhattan company offers.” Stedetaker Corporation im 38% | ’ Toxas end Pacific 20 reat Fuel Supply Opened |F=te="4— *y | ply Op Reeder ot a _ By Crude Oil Production ‘With an immense volume of over- July, August and September not a barrel of. fuel oll was burned by electric utility concerns in that state, here. there {s an immense amount of coal in Colorado {t should at this time find it much less expensive to use oil as fuel, ‘This condition tg one that appar ently calls for earnest consideration, 80 thet if possible more fuel ofl may be consumed, not only by power Plants ,but by all other industrial concerns, but {it does excess of crude of] and is adventage of it. Other oil Producing states should follow the of thig state. Potatoes CHICAGO, Nov. 16.—Potatoes dull; receipts 54 cars; total United States shipments 76: Wisconsin sacked round whites U. 8. number 1, -80@1.05 cwt.; few fancy 1.10 cwt,; poorly graded sacked .70@.80 cwt.; Minnesota and North Dakota sacked round whites U. 8. number 1, 85@ 1.00 cwt.; sacked Red river Ohios -90@.95 cwt; Sulk .80@.90 ewt.; Idaho sacked Russets U. 8, number 1, 1.85@1.90 cwt. ing electricity used 21,483 tons of coal 16,672 barrels of fuel ofl and 28,436,000 cublo feet of natural gas. There is no doubt but that power Plants in the same locality as coal mines and near them, can produce power more cheaply by using coal es fuel. On the other hand, there ere cities in this state which shou'd ‘use fuel ol] but which continue to fire with coal. How about Colorado, which ad- Joins on the south Wyoming with all of its great output of ofl? In Flour. MINNEAPOLIS, Nov. 16—¥ilour unchanged; bran _$27@27.50. pik wet Bers oar he At Bid Asked Ansio UH 14% Buckeye au 72 Continenta§ 87 33 Cumberland ———.. 107 110 Calena 60% 61 Tilinots 123° (125 Indiana .. 80 81 Nat. Tran. -——_. 19% 19% N. Y. Tran —--... 83 4 Nor. Pipe 99 100 Ohio Oil 66 tm% Prairie Of} 182% 183% Prairie Pipe yar ytrs |Solar Ref, 165 170 Sou. Pipe 89 90 8. O. Kan 38 89 8S. O. Ky 95% 95% 8. O, Neb, 205 «315 8. O, N. ¥. 0% 40% 8. O, —_——-— 274 280 8. 0. Ohio 273 «280 jum, 51% 52 Ss. P. On 106 «106% NEW YORK, Nov. 16—Refined sugar continued quiet at un Prices. Fine granulated 8.75 8,70, Refined futures nominal. Sugar futures closed steady; ap- proximate sales 27,000 tons; Decem. ber 5, March 4.31; May 4.39; July 4. to Foreign Exchange NEW YORK, Nov. 16—Foreign exchanges weak, Quotations in cents Great Britain demand 431%; cables 431%; 60 day bills on banks 429%. France demand 5.22%; cables Italy demand 4.15%; cables Butter and Eggs CHICAGO, changed. Eggs unchanged, receipts] 31.50; Brazil demand 8.78; Montreal 3,285 cases. Nov. 16.—Butter un- 4.1 Belgium demand 4.44%; cables 4.45, Germany demand .000000000025 cablea 000000000026. Holland de- mand 87.06; cables 37.11. Norway 0; Sweden demand 26.23; 81; Switzerland demand 17.87; Spain demand 12.88; Greece demand 1.55; Poland demand .000060; Czecho- Slovakia 2, Jugo Slavia de- mand 1.14; Austria demand .0014; Rumania demana .63; Argentins -98 5-32. 142 East Second St. ——_——— AND QUOTATIONS BY LEASED : Grain STOCK ISSUES LOSE GROUND Exchange Prices Given Set- back by Pessimistic Attitude NEW YORE, Nov. 16—@peculative sentiment in today’s stock market was unsettled with the result that most active issues lost ground. Fur- ther collapse of the foreign exchang: es to new low levels for the year and @ sharp drop in French bonds contributed to the perimirtic senti- ment prevailing most of the day, Sales approximated 800,000 shares. NEW YORK, Nov. 16—Conflict- ing price movements took place et the opening of today’s stock market. There was es fair demand for some of the low priced rails with Reading leading the early advance in that group. Coppers were heavy. Davi- son Chemical advanced 2 points and Kresage broke through to a new 1923 high. Most of the standard industrials developed a slightly reactionary trend in the early dealings. Re- vival of rumors of a forthcoming cut in the dividend caused another break of 4% points in Jones Broth- ers Tea, which duplicated its pre- vious low of the year. Congoleum dropped 1% points on profit taking and Stromberg Carburetor dropped 2%. Coal carrying rails improved. Foreign exchanges were weak, de- mand sterling establishing a new low for the year and French francs sclling at the lowest rate in all time. The market appeared sensitive to selling pressure during the morning, a'though the recessions in the rec- ognized leaders were held to a point or less. Weak spots cropped out, however, among the specialties and minor tndustrials, many of which dropped one to four points. Bteel shares were freely offered just be fore noon, United States steel touch- ing 93. Davison Chemical was run up 4% points and gains of 4 and 5 points, respectively, were register- ed by United Cigar Stores and Kres- ge. Revival of a demand for Max- well A was accompanied by rumors of a higher dividend for thetr. stock. Marland a'so was well bought. Call money opened at 4%. Shorts took advantage of the re- ering and their buying caused the market to rally in the The closing was heavy. prices of the day were recorded in the late afternoon although partial recovery took place just before the close from the usual week-end short covering. U. 8S, Cast Iron Pipe broke two points despite the resump- tion of dividends on the common stock. —— NEW YORK, Nov. 16.—Copper firm; electrolytic spot and futures 13% @13%. ‘Tin firm; epot and futures 43.00, Iron steady; prices unchanged. Lead steady, spot 6.85@7.00. Zino steady; East St. Louis spot and nearby 6.85@6.40. Antimony 9. Money NEW YORK, Nov. 16.—Cail money steady; high 4%; low 4%; ruling rate 4%; closing bid 4%; of- fered at 4%; last loan 4%; call loans against acceptances 4%; time loans firm; mixed col'ateral 60-90 days 5; 4-6 months 5@5%;' prime commercial paper 5@5%. Cotton WHEAT PRICES - STILL LOWER Rally Caused by Tariff Pro- gram Fails to Hold Up Demand decline today tn the early dealings. Bears made much, too, of assertions in the wheat unloaded beforehand in the United States. Reports of large shipments 1.02% and May 107% to 1.07%, was followed by @ material further drop. Subsequently, notice taken of pre diction that the wheat tariff would be raised within a few weeks tended to bring about a rally, but were off- set somewhat by declines in New York stock market quotations. Wheat closed nervous, 4@% to 1% @ic net lower, December 1.01% to 1.01% and May 1.07%@% to 1.07%. Predictions of enlarged receipts had a bearish effect on corn. After epening unchanged to ‘%o lower, December .73% to .74%, the market showed a decided general setback. Later the market recovered « lit- tle as a result of forecasts that no big movement was to be expected for two weeks. The close was uneet- tled, % to %o net lower, December 13% to .13%O%. Oats were relatively steady, owing to demand from cash interests. Prices started unchanged to %o off, May .44 and then held near to the Initial figures. Scantiness of stocks of lard gave firmness to the provision market. ¥ ——$—_ Open High Low Close WHEAT— Dec. . —--1.02 1.02% 1.01% LO1m May . 1.07% 1.07% 1.07 1.07% July , 1.05 1.08% 1.04% 1.05% 4.18% CORN— Deo. ‘T2% .T2K 13% 72% May . —- July . ——- An ALN “4 Ay -78% 12% -78% AN OATB— May. ma A July . owe LARD—~ Jan, . —-—21.17 11.70 tur 11.70 Cash Grains and Provisions CHICAGO, Nov. 16—Wheat num- ber 2 hard 1.0414@1.05%; number 8 hard 1.03. Corn number 8 mixed .84; number 2 yellow .97@1.00. Oats number 2 oman Timothy Clover seed 15.00@323.76, Lard 14.00. Ribs 9.25@10.38, pl ES Of] Merger Effected NEW YORK, Nov. 16—Announce- ment was made today that the Pro- ducers and Refiners-Prairie Of and Gas has become operative, a total of 525,000 common shares hav- ing been deposited under the terms of the consolidation. ——o————— NEW YORK, Nov. 16—Kuhn, Loeb and company announced short- ly after 10 a. m. that all of the $28,- 100,000 Southern Pacifio company five to 15 year five per cent equip- ment trust certificates offered for public subscription had been sold and the books closed. An average of 6.864 Pullman cars are in daily service on the rail- roads of the United States. To run and keep them in condition re- quires the services of 10,000 por- ters and 4,000 car cleaners, oe een ener NEW YORK, Nov. 16.—Spot cot- ton steady; middling 34.80. A charter has been granted for a workers bank in Los Angeles. Union Gas Strike Is Now Showplace of Colorado CHEYENNE, Wyo., Nov, 16—' “Leese hounds” and other ofl men day are expected to total at least 15,000. With pressure estimated at be tween 2,000 and 3,000 pounds per square inch, the work of the well will be difficult. The job ta to be attempted Monday with eup- plies rushed from Calffornia, Equip- ment secured at Casper proved un- near the Union Of company’s Wel- Ungton gas strike. In the last fow days more than 10,000 persons, {t is estimated, have visited the well, which is belching gas at the rate suitable. °f 90,000,000 cublo feet daily. Visit-| The derrick at the well stil t standing, but it is being rapidly ors from Denver, Greeley, Fort Col- lina, Loveland, Cheyenne, Laramie and other near-by towns next Sun- Livestock Chicago Prices CHICAGO, Nov. 16—{U. 8. Depart- ment of Agriculture}—Hogs, Re- celpts 45,000; fairly act: barely 10c lower than Thursday's average; bulk better grades 200 to 325 pound butchers 6.55@ top 6.90; good and choice 150 to 190 pound averages mostly 6.00@6.50; packing sows mostly 6,26@6.40; good and choice weighty slaughter pigs 6.00@5.25; heavy weight hogs 6.6006. tum 6.60@6.90; light 6.2006.80; light light 5.00@6.36; packing sows smooth 6.25@6.60; packing sows rough 6.00 @6.25; slaughter pigs 4.50@5.50. Cattle. Receipts 8,000; killing quality plain; short fed and grassy offerings predominating; bulk fat steers 7:25@9.50; few held around 10.00; most fat cows 8.25@4.50; trade fully steady; canners 2.50@ 2.65; Ught kind 2.25 @2.35; most bolog- na bulls 8.50@4.00; light vealers to packers 8.50@9.00; stockers and feeders weak; closing with week's advance lost; Canadians and stock steers 6.40@5.75; mostly; few loads above 6.00. Sheep. Recetpts 11,000; slow; few early sales fat lambs around 12.75; early top 18.10; looks 25 to 60c low- er; cull natives, sheep and feeding lambe steady: most cull natives 9.50 @10.00; choice ewes upward to 7.00; few medium to good feeding lambs 12.28, worn by sand and small stones shot from the well. Change of Judge Asked. Wyo., Nov. 16-4 Judge T. Blake Kennedy, of the United States court for the district of Wyoming, has under advisement *® motion by councel for Henry A. Miller for a change of judge in the heartng of an action brought by Mil- ler against the Midwest Oil company et al involving title to lands tn the Salt Creek off field. The motion of Miller’s counsel alleged possfole prejudice by Judge Kennedy. The motion was taken under advisement after prolonged argument, —neetiererees Sait Creek Bec. 5-39-78; CR1 and 2 Wowwernet ernnecting boiler etation which = tocated between the two wells Sec. 8-39-78, DS-2 Wolverine; aril ing at depth of 2850 feet. Passed through first Wall Creek sand at depth of 2335 feet. Seo, 9-39-78—D8-8 Wolverine; rig sing up, preparing tq commence drilling. = Sterling Stumps Again NEW YORK, N 16—Demand sterling slumped one cent to $4.82% @ new low for the year, and French francs dropped four points to 5.27%: & record low figure, at the opening of today’s foreign exchange market Most of the other continental «xm changes fell lower es a consequence of sterling’s decline. Holland guild. ers established a new 1923 low aa $7.19 centa, off 11 points from yew terday. ————-—_——_—__ — OMAHA, Neb., Nov. 16-(U. 8, Department of Agriculture}—Hogs, 000; active, steady to 100 ‘ I. G. Wentherfli, district manager of the National Supply company at Independence, Kans., is in Casper today. Mr, Weatherill was formerty a resident of this city and associated with the National here. mixed loads carrying packing sows and lights 6.20@6.40; packing sows mostly 2.90@3.00; natives up to 3.50; terday 6.27; weight 254. Cattle. Receipts 2,200; beef steers and yearlings fully steady; top fed yearlings 10.15; bulk largely 7.25@ 9,00; grassers downward from 6.60; she stock, stockers and feeders slow, steady to weak; grass cows and het- fers 8.40@5.00; fed heifers up to 7.60; canners and cutters 3.25@3.2 veals steady; practical top 9.00; bul! steady to strong; western bolognas mostly 290@3.00; natives up to 8.50;| order to avail of thig stockers and feeders 5.50 cheap fuel Sheep. Receipts 7.500; lambs un- —_— ! @ven 25@75c lower; fed and western Robert K. Stanley, former Casper wooled lambs 12.00@12.50; natives 11.00@ 13,00; fed clipped held at 11.50;| (mane 18 in Casper today from sheep weak; early ewe top 5.85; feed- ers dull; no ealy sales, M. O. Danforth, vice preatdent of the Mid-Northorn Of] company, Bill- ings, Mont., is here today on his way home from a trip to Denver. There's lots of gas in the alr these days. The more the merrier—and the more industries there will be to come to this part pf the country in themselves —'_~~ A ltvety mecting fs promised foe the Wyoming Petroleum club at its first regular session at the court house next Tuesday evening. A program has now been arranged. Colo.. Nov. 16—U. 8. load lots stea‘y; londs drive ins 150 lower; two At any time now news should be around 205 to 225 pound $6.50; odd | recetved here as to the final word lots mares $6.25 oe. % packing |on the Texas company’s test on sows 3 mostly $5.75; choice | Hamilton Dome in Colorada, 125 pound stock pigs $6; stock pigs ny mee largely $5.25. Tt ty said that around the first of the year a number of eastern capital ists will be in Casper to prepare for testing several wildcat structures in southern Wyoming. Cattlo—Recetpta 1,600; oatves 100; steady; 1,150 pound beef steers $7.25 common to medium cows and heif- ers $4.50; canners mostly $1.75; cut- to $3.50; fairly good 800 pound feeders $6.65; plain steers $5.50; feeder cows $2.25 to $3.50; others $2.25 to $3; feeder heifers $4.25, Sheep—Recoipts 5,600; fat Imbs 25¢ to 400 Jower; four loads around 80 pound Colorados $13 freight paid; sheep steady :one load 114 pound fat ewes $5.85; few yearling wethers $9; feeder lambs mostly 15¢ to 250 low- er; few desirable 64 to 68 pound Col- orado woethers $11.75 to $11.85 A. L. Corder Cc. T. Akers CASPER ELECTRIC APPLIANCE Cx). 231 East First Street “Across from Central §chool” Phone 1993) Free, Delivery Mazda Lamps, Appliance Repai ring DON’T FAIL TO ATTEND THE SACRIFICE MONEY-RAISING AT SHIKANY SHOE & CLOTHING COMPANY SALE ———— _ Phone 474