Casper Daily Tribune Newspaper, December 10, 1923, Page 7

ANNUAL REPORT GLENROCK OIL SHOW PROSPECTS ARE ONLY F Reduction in book values and a Blain statement to the stockholders the Glenrock Oil company that compaby’s future is not partic- ularly bright, feature the sixth an- nual report. Extracts from this feport follow: “It became apparent also that the failure of some of the com- Peny’s properties to produce at the rates expected when they were pur- chased would necessitate a revision of the book values of the company’s assets. The treasurer's report herewith shows some of the results of this work. One of these re- sults has been the addition of $5.- 210,165.08 to deficit accounts, repre- senting in the main, a writing down of leases and stocks from boom time values to the values, in cash or in stock at par, paid at the time of purchase. Even the reduced val- ues are none too conservative. “The properties of the company are in good shape, and every effort is being made to maintain the pro duction, though the production can never of course, reach the amount | anticipated when Pilot Butte and Big Muddy were expected to be- come high-powered fields. Four wells have been drilled in Salt Creek during the year and a fifth will be drilled in the near future. In addition a new camp has been erected in Salt Creek, and other improvements made looking to the more efficient operation of the properties. These wells and im- provements cost money, most of which has had j be borrowed, but they are essential to continued and efficient operation, “The Glenrock's share of produc- tion in Salt Creek from January 1 to September 20, 1923, has averaged 142.92 barrels a day. Pilot Butte production for the same period has averaged 82.58 barrels a day, and the chance of increased production is remote. Careful, diligent hand- ling has kept Pilot Butte on the right side of the ledger, and has en- abled the Salt Creek properties to show a profit. “With all the effort that is being put into it however, it is not casy to see a bright future for the com- pany. The company (In conjunc- tion with its subsidiaries) has in- curfed an indebtedness of $106,000.00 in the development of its prope ties. Its net income so far this calendar year has been at the rate of $30,000.00 a year, with little pros- pect of an increase. With the present overproduction of oll in California and Texas, and the con- sequent depression of the oll indus- try, the average price of of] will Probably be as low for the coming year as it has been during the past year. The company’s production is not likely to increase; In fact, rather heavy expenditures for drill- ing will be required to maintain production at the present level. In all probability, therefore, the com- pany’s net Income will not be ma- terially increased, and {t is unlikely in view of the amount that will have to be spent to maintain pro- duction, that the indebtedness can be paid out of earnings within any reasonable period of time. “The value of the company’s as- sets, as shown by the books, has been reduced by a total of $5,210,165- .08 and the values now reflected by the books must be reduced further as soon as more reliable data are available. These facts show in Haskins & Sells’ report in the form of a “deficit of $5,581,593.84, an “excess of cost of stocks of sub- sidiary companies over the par value thereof” of $1,798. , and irplus by stock donation rea- lized” of $859,995.30, making a total deficit of $6,520.455.50 at this time. “The company has notes payable of $27,452.92, making total cur- of $27,452.92, making @ total cur- rent Habilities of $106,452.92, repre senting amounts expended or tn- curred in development. These lia- bilities cannot, 6f course, be carried indefinitely, ‘and the prospective rate of earnings is not such as te sive hope of their early paying off out of income.” Two Tests Are Planned on Gosh County Struct ures ‘Tests of two structures in Goshen county are being talked of at this time, according to word coming from ‘Torrington. They will be made by the Mathew Foreman of Detroit, Mich., who financed the drilling of the Detrolt-Wyoming well on Horse Creek and is now engaged in putting down a test on the Lingle-Rawhide structure. The first structure to be tested is what is known as the Jay Em-Raw- hide, and {ficludes the territory rR TS around the town of Jay Em and the Coffee and Tinnin and Patrick ranches. The second development will take place on the Spoon Buttes structure on tho east side of the county near Sheep Creel.. It will probably be late next year New York Stocks @®y Wilson, Cranmer & Company) | Chappent - ; mbb eas NEW YORK STOCKS—LAST SALE] Content Pipe Line Allied Chemical & Dye -..... mommccnence 26 American International Corp 23%|Elkhorn .-. 03 American Locomotive -..... 78% /E. T. Williams -.... .43 American Smelting 4&Refg. . 58%|Frantz --..--------— 6.00 American Sugar -. -- 56% | Gates =~. 07 American T. and T. 126 [Jupiter ~~. <= 00% American Tobacco ~---—-. 150 {Kinney Coastal -—--—.16 American Woolen -. Anaconda Copper -.---...-. Atchison Atl, Gult and W, Indies —--, Baldwin Locomotive 14% |Lance Creek Royalty .01% Marine Seweccenenemnoe 1.85 New York Oll -..----- 8.50 Picardy --~---~------ Baltimore end Ohio ~~... Bethlehem Stee! em 00% amram, | oe = ann nnnnnm 5.00 California Petroleum -.----- 22% | Red Bank -—. Canadian Pacific Shik | BORN @ Producers. £1 Central Leather a. 0% fon belt BER Toe 8 Cerro de Pasco Copper —-... 3% Exploration - Chandler Motors -.-.---..... 644% Western States =; ‘hesapeake and Ohio 70% Wyo-Kans Misia Chicago and Northwestern -. 59% cere weensnnne-- 07 Chicago, Mil and St. Paul pfa 24%|" New YORK CURB CLOSING Chicago, R. I. and Pac. --..-. 23% Mountain Producers . 14.87 15.00 Chile Copper 21% i Gienrock Olt ....—. 55 +60 Chino Copper ~----.----.. 16% | gait Creek Pras. ...-- 18.87 18.50 Consolidated Gas -—~----—--- 58% | cait Creek Cons. 2... 7.25 7.50 Corn ete om Reig Mutual were 11,00 11.12 Crucible Steel -- I ideo = Ea lalla Cuba Can Sugar pfa@ -....... 53% i Famous Playera Lasky .... eneral “Asphalt Livestock General Electric ..—. - Genera] Motors ---.-..___._ Great Northern pfa ———--.- CHICAGO, Dec. 10.—Hogs re- Gulf States Steel --.----.... Illinois Central ~. Inspiration Copper International Harvester ..... Int. Mer, Marine pfd .-..... International Paper ...-... Invincible Oil ..-.-..--.--. Kelly Springfield Tire ....... Kennecott Copper ~.--.—... Limo Locomotive ~~... Leulsville and Nashville _ Mack TUCK ccencewcscsesses Marland Of) .-..........-... Maxwell Motors -......... cetpts 85,000; 15 to 25c lower; mostly 15 to 200 off; bulk and choice | 210 to 325 pound butchers 6.75@6.90; top 6.90; better grades 160 to 190 pound averages mostly Cattle receipts 34,000; slow; killing Missoutt Kan. and Texas ew 1pit| quality rather plain; short fed steers Missourl Pacific 29% jand she stock predominating; choice New York Central ....----— 104% |Y¢aflings and handy weight steers N. ¥., N. 1, and Hartford -. 144 *e8ree, fully steady; others and ma Norfolk and’ Western tg 104 ; tured peagpeh unevenly aby 250 — prepreg spots more, most grades Sue Gite ee ee toa | she stock excepting desirable beet eo tae ea i hetfers sharing decline; bulk beef Penraurerican Petroleum B -- 58% steers of quality and condition to pitched fe enor ee 42% | well 8,00@10.00; few early sales 7.75 Producers and Refiners —---- ethos ti aglandyelh nny Pure Ol] ..--...-2+—..---.-. and feeders {n comparatively light Svttinee oF fon tip are ts Dacaaes {i supply, about steady; bulk 6.25@ at all depends entirely upon the suc-} Sinclair Con Oll 23% 6.75; bulk vealers early to packers cess of Mr. Foreman tn procuring a wedetabatiees 9.00 downward; few selected to sufficient number of leases. Wyoming Coming to Front In Grain Growing States With 2,366,000 bushels of corn to ita credit for this year of 1923, Wyo- ming now considers itself to be com- ing to the front as a region tn which thia grain can be successfully grown. In order to center the attention of those in the agricultural industry on the results of this year and the possibilities of the future, the first state corn show will be held in Worland this week from December 12 to 14 inclusive. ‘The four counties of the Big Horn basin are joined in putting the event over in a big way. It is expected there will be entries from all parts of the state in which any corn has been grown this year. Prizes will be awarded for the finest exhibits and the program includes a number of talks by experts on various phases of the agricultural industry in Wyo- ming. Market Gossip and Briefs On Operations in Oil Fields Acquire Many Leases Ute Petroleum Company and Royalty and Producers Corporation have acquired a royalty interest in the west half of section 30-8-68, ex- clusive of the reservoirs lying there- in, on top of the Fort Collins struc- ture. The Union Oll Company's next well is being started on the margin of one of the excluded re- servoirs. ‘The same companies have acquir- ed royalty interests on the Hallstone Basin, Big Lake, and Sixshooter aah on all of which wells are being drilled by the Midwest Refining company, and the Ute Petroleum Company has ac- quired a royalty interest in $0 acres near the crest of the Jones Dome, New Mexico, on which a well is being started. Another ” Well According to the Baltimore Sun, drilling of what is planned to be the world’s deepest oil well {s to be started at once on the Joseph Gor- don farm on Salt Lake, near Terra Alta, W. Va., by the Hope Natural Gas company. Dad is one of the largest in the sta NEW YORK, Dec. 10—The tocal| cotton market today broke 100 to 102 points below Saturday's closo owing to weak Liverpool cables and & readjustment of ideas as to the next crop estimate. Liquidation car- ried January down to 32.78 and March to 33.20. "HV OMIEG OILS NEW YORK, Dec. 10—Prices of Wyoming oils at 2 p. m. today were listed on the New York Stock Ex- change as follows: Standard Oil (Indiana) 50%; Gl rock 60; Mountain Producers 14 Mutual 1114; Salt Creek 18%. a For results try a Tribune Classi- fed Ad. £4 Te! a LONDON, Dec. 10—Bar 33 11-16 pence pér pound. ‘1% per cent. silver Money NEW YORK, Dec. 10—Bar s!lver 6444; Mexican dollars 49%. NEW YORK, Deo. 10—Copper firmer; electrolytic spot 18% @13%; ; tin easier; spot 46.25; ifutures 46.12. Iron steady; num- ber 1 northern 22.00@23.00; num- ber 2 northern 21.50@22.00; num- ber 2 southern 21.1 22.00. Lead steady; spot. 7.25. Zine least St. Louls spot and nearby 6. @6.30. Antimony spot 8.65@3.75. eel siteine Unfilled Orders Decrease. | NEW YORK,, Dec. 10.—Unfillea orders of the United States steel |corporation on November 30, made | pubic today, tottallec’ 4:268,684 tons a decrease of 304,241 tons thobe at the end of October, under Southern Pacific ssses-c-0--- 88 Southern Railway Standard Ol of N. outsiders upward to 10.00, %3| Sheep receipts 28,000; active, fat 35% | lambs steady to strong; yearlings 204% | and sheep around to 250 higher; 104% | feeding lambs steady; bulk fat lambs 41% | steady; bulk fat lambs 12.75@13.25; 20% | top to city butchers 13.40; cholce $2% | fresh clipped lambs 11.60; fat light 37% Tobacco Products A ----.- 2% | wetght ewes 7.50; good feedin, re 50; is lambs Union Pacific -.-—---—-—--- 129 | about sixty pounds 12.25. United Retail Sores 1... 2% U. S. Ind. Alcohol --—--ss--= 61%| OMAHA, Neb, Dec. 10—Ho; United States Rubber -—.-- 8744 | receipts 14,000; fairly active 15@ United States Stee} -------- 94% | 250 lower; bulk 200@325 pound a Utah Copper - 88% |erages 6.50@6.65; early top 6.76; Westinghouse 61% | choice 300 pound butchers held Willys Overland - - 46 /higher; mixed loads carrying pack- (Sa peabter rate and Sm. 14 | BS SWS and Ughts 6.35@6.65; pack- utte and Superior —_ - 18% ling sows mostly 6.20@6.20; av. Colorado Fuel and Tron —-. 2348 LMatndee eer necks ot age costs Saturday 6.67; weight 22 pounds. 12634) Cattle. Recelpts 15,560; desirable 8% |handy weight steers steady; others 10 to 15¢ lower; bulk good steers and yearlings 7.75@9.25; best year- lings 11.50; she stock steady to weak butcher cows largely 400@ 6. Montana Power ----.---..._.614B National Lead Shattuck Arizan: Standard Oil Stocks 8, stockers and feeders about steady; bologna bulls NEW YORK wean asy|™ostly 3.0@3.75; veniers and. pack- = ers upward to 9.50; bulk stockers 13 gy [and feeders 5.50@7.25. 106 «108 Sheep receipts 14,000; 67% 69 |lambs mostly steady to Tinols 135° 139 | wooled Jambs mostly. 12.10@12.25; Indiana 84 85 | two loads sorted lambs to shippe Nat. Tran - 22 23 ‘112.50; fed clipped lambs 10.75; sheep oe ai pee peoanan ; strong, light and handy ‘weight Pet One: "= 67% 63 (C%eS 6.25@6.75; feeding amos Prairie Oil -. 220, 23.) [atOngs bulk 23,09; DENVER, Colo., Deo. 10.— Hogs receipts 2,400; steady to 100 higher; cro, -—----—--— 3944 40%} top $7; paid for choice 212 pound ke ee a | 98% | averages; bull of 180 to 240 pound 8. 0. Neb. -----------~ 215 225. | butchers $6.65 to $6.85; packing 8 Oo Nine cama of 424 | sows stenay, mostly $5150; bulk com- Union Tank 212-2. 90 «9g «| MON ght flatter pigs $5.25 & Yacuum Cattle receipts 9,500; calves 200; 8. P. On _-- fat sho stock steady to 25c higher; 8. O. Ind. - best $6.55; averaging 876 pounds; others $5.50 to $6.25; good cows $5.25 to $5.75; calves 250 higher; odd vealers $9; practically top $8.50; oth- er classes steady; feeders $6 to $7.25 canners $2; odd steors $8.50; several loads feeder cows $3.35 to §3.50. Sheep receipts 2,500; lambs strong Crude Market Cat Creek ---------——--__----$ .95 Lance Creek -. —------- .80| to 25c higher; two loaCa good and Osage -.---.------------—---- 80 choice 84 pound weights $11.75; two Grass Creek .95 | loads good 89 pound welghts $11.75 Tochtight -----------------._ .95| freight paid; no sheep or feeders Elk Basin ------------___.-._ .95/ sold early. Greybbll, ~-.-------. 95 Rock Creek ----. -60| Balt Creek --------—---__-.._ Big Muddy -........--s. a Bonburst” eno Potatoes SESE 5 LIBERTY BONDS CHICAGO, Dec.. 10.—Potatoes NEW YORK, Dec. 10—Liberty| steady except russetts which are bonds closed: 3%s 99.28; first 4%s)| weak; receipts 71 cars; total U. 8. 98.14; second 4%s 98.10; third 4%s/ shipments Saturday 567; Sunday 24; 8 fourth 4%s 98.14; U. 8. Gov-| Wisconsin sacked round whites 1.00 lernment 4%s 99.18 @1.10; bulk 1.30@1.40; Minnesota and ——> North Dakota sacked red river According to the old astrologers} Ohios U. number 1, and partly December's unlucklest” day 8 the) graded 01.10; sacked round thirty-first—the day on which Judas| whites .90@1.0¢; Jdaho sacked rus- U. &. number 1, 1,60@1.80. [Iscariot is said to have been born, ISTRREGULAR) | UNSETTLED Selling Pressure Heavy With Irregular Recoveries Near Close NEW YORK, Dec. 10.—Stock prices were subjected to intermit- tent selling pressure in today's ac- tive market with irregular recoveries taking place towards the close. Northwestern railroad shares again yielded to pressure but. good buy- ing took place in a number of the low priced oils and specialties. Sales approximated 1,000,000 shares. Stock prices showed irregularly higher changes at the opening of today’s market. Heavy buying of Marland was resumed, that stock gaining two points. Atchison and Davison Chemical each gained a point but the steel shares were heavy. Jersey Central climbed two points. Prices shifted about tn bew!lder- ing fushion in the secondary deal- ings with, however, a more general trend to the lower levels. Some active issues like Tobacco Products and Davison Chemical which were up 1 to 2 points, fell back sharply as did also Schulte Baldwin and American Can. Marine Preferred was particularly wetk also General Electric, Continenta Can and Chicago and Northwestern Foreign exchange rates opened rela Uvely steady. Speculators for the decline, ap parently taking encouragement from the sharp drop in cotton futures and the inclination of some traders on the long side to pause tn their operations, launched a wave of selling around the end of the first hour in an attempt to unsettle the list. Western railroad shares yield ed sharply, Chicago and Northwest: ern falling 2% and Duplicating ite iow of the year, and Great Northern Preferred slumping 2%. Speculative industrials also registered material recessions with the biggest losses taking place in the tobacco, equip- ment, Motor and accessory groups. Towards noon the market rallied under the leadership of a brisk buy- ing movement for the low priced Oils, Marland extending its gain to nearly four points. Savings arms and Reynolds Tobacco B, each touched new 1923 highs. Call money opened at 4% per cent. Selling orders were again distri- buted coincident with the publica- tion of the monthfy united States steel unfilled tonnage figures which showed a large decrease. Subse- quent bidding up of selected shares infused a steadier tone. General Electrio soared to 200% a new high figure for the year and Internationa) and Great Northern gained 41. The closing was irregular. The list tended upward again {n the fina? hour in response to more extended short covering. Corn products Jumped 3% to 140, a new 1923 high, and Davison Chemical and Pierce Ol preferred each climbed more than three points above Saturday's final figures. ANNOUNCEMENT F CANDIDACY (Continued from Page One) ed to be considering entrance into the race for the nomination. Political abservers expect the president to enter the preferential primaries in nearly all of the states in which they are held. In such contests, they point out, he is likely to cross swords with Senator John- son, the only other avowed candi- date, who has declared his inten- tion of seeking endorsement in these primaries wherever possible. The republican national commit- tee, whih will fix the date of the 1924 convention as well as select the meeting place, is not scheduled to tame the city until] Wednesday. In view of the withdrawal of its invi tation by Chicago, however, action may be taken tomorrow after Des Moines, San Francisco and Los An- geles have been given an opportun- ity to present their claims. Almost all of the party chiefs here regarded acceptance of Cleveland's invitation as certain, Fred W. Upham, treas- urer of the committee, having as- serted in announcing withdrawal of Chicago from the contest, that “‘re- sponsible administration leaders’’ favored the Ohio city. The committee members will be the guests of President Coolidge at luncheon Wednesday and they will be given a banquet tomorrow night by Chairman Adams. Among the questions that may come before the committee tomor- row is that of giving the women associate members full representa- tion and voting powers. The com- mittee also will hear protests, chief- ly from the south, against some of the reductions in state delegations proposed in the tentative reappor- tfonment for the 1924 convention, but leaders say no_ substantial changes will be made. The proposed tottal is 1,036 delegates, as compar- ed with 984 in 1920, more increases having been made than reductions. WASHINGTON, Dec. 10.— Presi- dent Coolidge not only has definite- ly entered the race for the Republ!- can nomination next year but some) of his friends are preparing to put his name on the primary ballot in — Bullish Effect In Last Half Hour But Gains Failed to Hold CHICAGO, Dec, 10.—Frost reports from Argentina ané fear of crop damage there had a bullish effect on the wheat market today in the last half of the board of trade ses- sion. Gains, though, failed to hold well. The clwe was unsettled at the same as yesterday's finish to quarter cent higher, December at $1.03% and May $1.09% to $1.09%. Subsequently the market scored gains influenced both by talk of frost in Argentina and by Secre- tary Wallace's estimate that domes- tle farm feeding of wheat amounted to 90,000,000 bushels. Later there was an absence of selling pressure and the market re- flected upturns in wheat. Corn clos-! ed firm, May 74%o to 7é%4c. CHICAGO, Dec. 10—With little demand in evidence except on de- clines, which tended downward in price today during the early deal- ings. Numerous traders continued to assert a belief that some method would be devised tn Washington to stabilize wheat values. The fact, however, that stocks of wheat on hand here were likely to remain all winter made buyers cautious and led to considerable selling. Open. ing quotations which ranged from Yc lower to %o gain with Decem ber $1.03% and May $1.09% to $1.09%, were followed by a moder- ate decline all arvund. Corn and oats were easier, owing to wheat weakness. After opening to %o off, May 74%4c to T4%0, the corn market showed losses all around. Oats started at %c lower to a shade advance, May 45%;o to 45% @46c, and later underwent a gen- eral sag. Downturns in hog values eos ened the provisions market. MINNEAPOLIS, Minn., Dec. 10— Wheat cash: Number 1 northern 1.11% @1.19%; number 1 dark north ern spring: Choice to fancy 1.18% @1.23%; good to choice 1.16%; ordinary to good 1.14%; December 1.09%; May 1.13% July 1.14%. Corn number 8 yellow .66@.66%. Oats number 3 white 29% @39%. 1.14%0 1.12% 0 FOREIGN Czechoslovak Rep. 8#, ctfs --—-----— Danish Municipal 88 A Dominion of Canada, 53, 195: %s ---—. French Republic Japanese 4s Kingdom of Belgtum 4s Rep. of Chile &5, 1946 - U. K. of G. B. and 1., RAILWAY American Smelting &s American Sugar 6s American Tel and T Anaconda Copper 7s, 1938 ~~... Anaconda Copper 6s, 1 — At. T. and San Fe., gen 46 -_.. Baltimore and Ohio cv., 444s Bethivhem Steel con és, Series A Canadain Pacific deb., 4a ..-..--—. Chile Copper és -_.__.. Goodyear Tire 88. Northern Pacific ref., 6s B ..... Northwestern Bell Tel., 7s — | Pann. R. R. Sinclair Con 8 .. Union Pacific Firat 49 — U. 8S. Rubber 68 —. | Southern Pacific seeeren: | Utah Power and Light 5e .. Western Cnion 6% ~. be stinghouse Hlectric Ts .. | | son anc Co.. cv., 6s 1,000 TROOPS FOR DANE ON MEX CAPITAL (Continued from Page One- Vera Cruz and tn the states of Guad- Alajara and Jalisco, The defenders of Japala, a portion of the federal garrison which re fused to join the revolters, retired Kingdom of Norway 6s .-.--------- State of Queensland 6s —....—-—-- American Tel and col., tr. 58 ..--——~—-------—--= Chicago Burlington and Quincy ref. 58 Chicago, Mil and St. Paul cv. 44s -....... ee ee weeennnenenenewenee li 16% 116% 97% 97% o7% ee. bY vS% 95%) —enwennnnecs «699615 «6296%H OH —- 87% 37% Th. = 83% 33 97% 96% ‘ 80 72% 79% 98% O8% 285 56% 56 56 36 local government seats and that the military has taken over policing at some points, CHIHUAHUA CITY, Dec. 10.— Military authorites have ordered pa- trols throughout the northern end of the state to investigate the report that General Nicolas Rodriguez has crossed the Rio Grande with a body of men and was threatening Juarez. Rodriguez headed an uprising one year &go between Juarez and Chi- huahua and was successful in pre- venting rail traffic between the two cities for several hours. He was last heard from in El Paso, being arrested on a charge of violating the neutrality laws, MEXICO CITY, Dec. 9.—Me layed) Dec. 10—President Obregon, accompanied by his staff, left Mexico to the nearby village of Oriental, to- gether with 2,000 volunteer agra rlans who were poorly equipped. At Oriental this badly organized force will await reinforeements, officers Barley .49@.63. Rye number 2,| 4nd proper equipment, it was stated. 65% @.66%. Flax number 1, 2.47) It was officially reiterated that the @2.50. widespread conspiracy hatched by reactionary conservative elements Deo. ..---1.03% 1.04 1.02% 1.03% | supporting De La Muerta, was May <--«.1.09% 1.09% 1.08%§ 1.09% | doomed to fall, first because it !s -----1.07% 1.07% 1.06% 1.07 | not supported by the popular classes of Mexico; second, because the gov- 13% .73%/ ernment has been able to surround 74 -TA% affectd districte with a superior 75 -75% | force of federal troops standing loy- ally with the administration; third, 42% .42% | because tho De La Huerta elements 45% 45% | have falled to subordinare the milf. tary forces at San Lula potos!, which 12.10 13.22} would have trterrupted Mexico City- 12.10 12.22] Laredo communications as wo'l as communications {n Tamaup'!pas ---= 9.83) controlling the off fields, and fourth, 9.90 10.00} because President Obregon, instead CHICAGO, Dec. 10.—Wheat num- ber red, 1.06%. Corn number 2 mixed, -74@.75; number 2 yellow, -76@.77. Oats number 2 white, .44@.46%; number 8 white, .43%@,.44%4. Rye number 2, .70. Barley, .55@ .76. Timothy seed, 6.50@8.00. Clover seed, 15.00@23.75 12,’ 10. Money NEW YORK, Dec. 10—Cail mon- ey firmer; high 5%; low 4%; ruling rate 4%; closing bid 5%; offered ut 5%; last loan 544; call loans against acceptances 4%. Time loans firm; mixed collateral 60-90 days five; 46 months five; prime commercial paper 5@! oo Grain Exports Drop. WASHINGTON, Dec. 10—Grain exports from the United States last week amouhted to 2.050,000 bushels compared with 8,550,000 the week before. California, the home state of Sena- tor Hiram Johnson. Entrance of the president into the California primary was indicated as probable today after a call at the White Hotse by William H. Crock- er, Republican national committee- man from California, and for years @ member of the antiJohnson Re- publican faction of that state, Mr. Crocker declined to confirm or deny that he had urged Mr. Cool- fdge to give battle to Senator Juhn- son in his home state, but he declar- ed that he wished his “chances of Heaven wero as good as the chances of President Coolidge to carry California against Hiram Johnson.” senator Johnson sald today that he not only was entirely willing to meet President Coolidge in the Cal- ifornia primary, but hoped the pres!- ¢cent's name would be entered be fore the voters of that state, “Long ago, I extended an invita- tion to all candidates to come into the California primaries,” sald Mr. Johnson, “I do hope President Cool- idge comes in. If he does we will again prove the inaccuracy of Mr. Crocker’s Political Prognostica- tions.”* Lard, 75. Ribs, sixty pound average. of being Ificapacitated from illness, showed surprising and unexpected energy in rushing to the capital from Celaya and placing himself in active leadership of the campaign against the revolters, General Romolu Figueroa, who a fortnight ago took the field against the state government in Guerrero, has surrendered and 18 expected to reach Mexico City tonight. Reports that General Francisco Urbalejo, commanding a column sent into Guerrero, had joined the revolution- ists, were dec'ared to be false, The possibility that Hipolito Villa had taken the field near Canutillo, in tho state of Durango, was ad- mitted officially, but it was de- clared Hipolito was always a “non- entity,” even when his brother, Francisco, wag alfve, and incapable of gathering an important following. It was declared the same Is true of General Manuel Chao, who ts at- tempting to arouse former Vilistas As far as can be learned in offi- cial sources De La Huerta ts re- maining at Vera Cruz, while Prieto Laurens, president of the Cooperista party {s still in the vicinity of Xill- tisla, eastern San Luis Potos!, where he is said to be vainly attempting to arouse the country, EL PASO, Texas, Dec. 10.—With interruption of rail communication between come border points and towns In the interior of Mexico and together with reported plans for mil- itary help from garrisons in this section for Torreon, northern Mex- {co bas begun to feel the tremors of the revolt against the Obregon government, engendered by former Secretary of the Treasury De La Huerta. General Martinez left Juarez with his staff early today for the south on a special train with his reported destination a® Chihuahua. It was also reported tn E! Paso last night that a portion of the Juarez garri- son had been ordered to entrain for Torreon, but up to early today no semblance of a troop movement could be noticed. Torreon, in the state of Coahulla, ts an important railroad center and its possession by a military faction is admittedly ad- vantageous. Border towns generally are quiet, although Juarez was 4 bit nervous last night. Reports from various sections of the border state that gov- ernment authorities are making sure that officials friendly to the Obregon government are hold’ng rein in the City tonight for Irapuato to review a division of troops, under General Joaquin Amaro, who is preparing to begin an advance upon rebellious forces in Jalisco under command of General Enrique Bstrada, former secretary of war. This was official. ‘y announced at Chapultepre cas- tle, EL PASO, Texas, Deo. 10—Gen- eral Nicholas Rodriguez, former commander in chief of the Carranza, military forces, is residing in El Paso and has no intention of head- ing @ rebel army in Chihuahua. Rodriguez reported this today to Louis De Nette. special egent of the department of justice in E! Paso, Rodriguez was released on parole by federat authorities in Feb- ruary of this year following an ab- ortive attempt to attack Juarez with @ handful of volunteers. “I have no intention of joining either faction in the present trou. ble,” Rodriguez told Mr. De Nette. SENATE TIEUP VER GUMMNINS (Continued trom Page One- committes, and the democratic va- cancies were {filled by Robinson, Ark., Underwood, Alabama; Walsh, Montana, and Owen, Oklahoma. Five new repupiicans were placed on the finance committee. They aro Reed, Pennsylvani: Elkins, West Virginia; McCormich, Illinois; Ernst, Kentucky ,and Stanfield, Oregon The two new democrats are Harries of Mississipp!, and King, Utah, Senator Cummins of Iowa, prest dent pro tem of the Senate, remains as chairman of the Interstate Com merce Commission, with Senator La Follette of Wisconsin, recognized leader of the republican insurgents, as the ranking member. The four republican vacanetes on this com mittee were filled by the a@ppoint- ment of Gooding, Idaho; Couzens, Michigan; Tess, Ohio, and Howell Nebraska, The five new democrats on this committee are Pittman, Ne vada; Bruce, Maryland; Dill, Wash ington; Wheeler, Montana; and May- Geld, Texa: Senator Johnson, farmer tabor, Minn., was given an extra Place created on the agricultural committes of which Senator Norris of Ne. braska, {s chairman. Senator John- son also was appointed to the claims, inter oceanic canal and manufac- ture committee. Besides foroign relations, Senator Shipstead was Placed on patents, pensions and public buildings, Musto {s more efficacious than medicine in the treatment of certain diseases, says a prominent English physician, who quotes old Italian re- cords to show that music was used to save patients from the results bites. goes aiececheaasee The horn beotle easily lifts twenty times its own weight. Had Muhu- mans proportionate strength wo might see a young girl going home from her music lesson carrying a grand plano under her arm. Prestolite Battery Station LIBERTY GARAGEPFree Service Batteries i : : ‘7 rf t ereeerereree Tertirer rir wos bseuaE Dee ees Weeetentaseueiee