Casper Daily Tribune Newspaper, December 30, 1923, Page 15

BF RSL Aa ee & 1e35 IR 41BE 21 fo Br) eae lal dese lela 4 fy . ai > a ope SesneaPeaeeeae Gorerasce dee eeceeenies tere enemas an about $8.00, but tops and aver: at about $9.00, but tops aver: Maa een ceria aas te | tr a ee r. larch the ice was year 1923 as it was in 1922, foni the week. .anathis the, 1607 A: At the .opening of thi Perio’! steady improvement. was noted traders looked for imprtement,| tater, the top of the market. going more or less because of he hari] to $13.10 in September. hit industry the year befg. and in| From then to the close of the year some instances. present v#ies Show | choice steers and the best long year- up better than at the ovet. lings have been in a class by them- Taken as a whole, hfever, pro-| selves. - ducers, of livestock hayjbeen poor-| During the last month or two the ly paid during ,the and tha| best steers have showed to good ad- fact that there still #ems to be| vantage, but demand for — plain meat supply on thefoof in suf-| stock has been about as uneven as ficient quantity, to su the coun-/ at any time in the ‘history of the try’s demand must wdoubtedly be} tocel yards. Western cattle have credited to ; ers} come in competition with plain Any tenacity and his n if facing more, in his business Nearly a million arrived at the Chi first half of thé yea the corresponding pq 4 quit’ quAlity natives, and sellers have pore animals} More than 3,000,000 cattle have ar- market the| rived during the year, showing an than during] increase over the number received od last year.| last year. About 1,000,000. cattle ‘This was caused mofly’ by an un-| have been shipped.out of this mar- expected increase if hog supply. Cattle. also incre during the | year. ket for all purposes during the The, supply of calves has period, while the shq@p run dropped | fallen short. of last year’s run. off somewhat. In the. cattle. t) has been the contin for fat stock durt d good demand The hog supply for the year has ) the feature| been one of the largest in the his- tory of the trade. The figure Is the first half| placed at a round number of 10.- of the ytar,. whilgthe last périod | 500,000, against 8,156.472 last year. has showed urgent fen steers and = yearjngs quality. Quality improve a-for ight |The high spet in the hog market of ptime} was reached in September, when best lots went at $9.75. At the during the first] opening of the year best hogs soid months of’ the yar but this was] at -$9.00, bit it was a steady drop to the detriment country, and ¢ months the perq cattle has, been foportionally large, ag the numb also have outn figure. "The an uneven grades harde? p any time since ‘ket, fore the war. At the-stock in the | down ‘to $7.30. in. June.. From_that ing the closing | point the trade gained until-it made e of short fed} the high point. When the supply showed up sp much larger than grassy animals | expected, however,; and) with litte ibered the expected | demand outside of domestic sources of this has been| the market was uneven. with plain | November the best lots sold with an handle than at] average below $7.00; while Decem- During ber has found the market at. th? the close of the jear choice yearling | low point of the year, with strictly steers stand at q animals have fajen below the light stock during thqlast few months, In the éarly stockers and fq demand, and much stuff at yl After the first to go after thiystock, which did not give the profifexpected. The total supply of cal e top, while heavy | prime heavy butchers below $6.90. Early in the year light hogs held the best prices, but a more or less rt of the year | active demand for lard helped heavy lers were in good| stock to best price levels later in guntry buyers took| the period. About .2,400,000 hogs. ively high prices. | have been shipped out of the local months they had / market during the year. While the year’s total receipts.of sheep. and lambs have not shown for the year has] a large figure, the trade has lacked fallen short q last year’s run, and|the strength which most of the the trade h# been extremely un- even. « M ‘Compared the livestocl tradé the; sheep mar- ket has showed the most even tone during the year. was caused sellers; had ted. Only about 4,000 000 have arrived during the fen other branches of | period, showing little change from the figure noted last. year, when the total was about 3,900 000. Feeder buyers have taken more by “a ‘less fal supply, but even | out of. this:market than last year. this end o} the trade /closed far be- | however, and in view of this fact, low the year's high/spot. _Feefier | which naturally gives those animais them .belfevo, and the year's supply be ly sessions they bo at higher prices chofce, killing lower values at) year, they ‘ha’ escape without The cattle year with top/lots at $1 the best loss. arket started the making | credit for two arrivals, the supply ly so, that | has not been heavy. ‘lambs would | Ing this fact the trade has been un- it, On many | even. it feeding lambs | started at $16.35, and went to $17.00 those paid for | during the spring season in May. k, but with the | Values were lower after that, with the close of the | top killing stock at $12,60:In Novem- found it hard to | ber, ‘Notwithstands Values for. top fat lambs Some improvement has been noted later in the year, when prime animals made $13.50 to local Killers, and] but the sheep market has not been brought $11.85 dur- [satisfactory as whole. December Wheat Rallies / At Close Dec. 29.—-December wheat a lively upturn in late trading o/today’s brief session of the grain e#hange, due largely to a’ ‘in primary. receipts and tis re is only.one day left on December cbn- tracts, ’ losing was strong with Deweaibes 02%, May at 1.07% and July'1. mber corn closed at. andMay at .74%. > p ‘The D ember, wheat con- eluded a wejk of trading marked by. sharp recesgons although future de’ : ise of grain and pro- follows: by a firm, undertones trading (with weak spots hout the list; Tax sell- profit-taking were re- in general ywere readily United “States steel touched a new high at 99% and buying, tn the. oh ,group was in evidence, Produ: & Refiners, Phillips Petroleum and Tidewater ern residen¢e property of two houses,| 3 baths, 75 foot lot, 3 garages, street paved next jummer, south side, will stll cheap for ; Firm and in Good mand at Close of Week of the Week WHEAT: Open High Low Close Dec. -..1.01% 1.02% 1.00% 1.02% 1.08 1.06% 1.07% -T0%5 69%. 70% 8% TBA :75% 74%. 75% OATS: 43 41% 43 ABM 45. 45% 43% 4295S 43% LARD: Jan. ~-----.12.05 12.15 12.05 12.10 May ----.-12.22 12.22 12.20 12.20 RIBS: Jan. ---———---__. =... aa! 9.62 May ively demand among the rail issues but -selling brought about lower prices for sugar shares, Associated Dry Goods and some others: ‘The movement was a continuation of the upward trend maintained throughout the aveek despite ‘the absence of.many ttaders during the holidays. Numerous business fore- casts were issued during the period, all optimistic in the main, and the outlook for a-good business year was reflected throughout the stoc! Uist. 7 _ DEER IN THE WIRE SARANAC LAKE, N. Y., .United Press)—A big buck being changed through the hamiet of Chateaugay Lake by dogs, attempted to leap over a high fence made of chicken wire. The deer did not clear the fence and its antlers caught in the wire. For a time the buck hung suspended until the posts holding ;the wire co lapsed. Again on the ground the buck quickly tore its antlers loose and rushed away the dcgs having’ been driven off by residents. = eh RESERVE desk rogm now’ for Casper Bus!- Pt oa t Che Casper Sunday Cridune |COMMODITY TRADE REVIE PAGE THREE. WFORYEARSHOWS|WOOL INDUSTRY : GENERAL PROSPERITY IN NEARLY ALLLINESIS ASSURED OF i i i ‘satisfactory exce) those who failed to recognize trend. The latter months of the year showed an-increase of 12 per cent in the countrywide sale of dry goods as\compared with the corresponding period of 1922. Equipment. ‘The electrical equipment manufax turers not only were forced to run. at capacity throughout the greater Portion of 1923, but they have suf- ficient orders on their books to keep them going at a s'milar rate at least until! the middle of 1924. The year for: dealers and manufacturers has been one of tremendous activity and Prosperity, 3 ¥ Farm Machinery Agricultural: machinery. manufac- turers and dealers had a better year in 1923 than. in 1922 but while the improvement was noticeable, their Profits still left much to be des'red. The sales in the first four months of the year showed:a gratifying gain but this period ‘was followed by a slump. ~The trade “recovered from this to some extent ‘In-parts of the country in the Jast quarter. Fish., Fishermen and canners of the north Pacific and North Atlantis coasts had a-sat'sfactory. year but peoned the midd'e Atlantic and Guilt coasts were» hampered hilly b; lack of workers, eae ‘Packers’ of canned salmon tn Pa- -clfic. waters from Galifornia ‘to’ Brit- ish» Columbia and -Alaska had~ the ‘most “profitable year in “the history of the industry, according to late re- Ports. The total pack 's estimated At-7 200:000 cases or-more: The fish receipts at Boston were very heavy and probably wil] break all records, Flour. Reflecting to a measurable ~ de- Sree the conditions in wheat,. flour millers had an unsatisfactory year. The range of prices was under that of 1922 and the volume of exports also showed a falling off, Shipments from the Pacific northwest ports however were good and Ty‘lls in some sections operated almost at 100 Der cent capacity in the fall and early winter. Fruit rm ‘There were some tremendous fruit crops ‘throughout the country. in 1923. The returns. from these bumper crops however were -coun- teracted in certain varieties by. low prices. This. was especially tho on in apples. Pricots, peaches and p also suffered in some eeations from low prices. In the east the peach Srowers did. well sbut in ,Califernia low prices. were obtained. Catifornia shippec 161.399 carloads of fruit_and vegetables :n the first 11 months of the year as compare? with total shipments of.113,659 cars during-the entire year of 1922. The total Californ!a orange crey will be approximately 22.500,000° boxes. in- cluding grapefruit. The F’orida crop also { sexpected to be of record. Proportions and of splendid quality. Prices in Californ‘a are approxi- mately’ $1 a case lower than a year ago. The California lemon crop is the largest in history. Prices are ate $1.50 a’ box under those of Furniture A sum approximating $580,000.000 Was spent in this country for fur- niture in the past year and the out- look is for a continuation of both Production and demand. The trade undoubtedly was st’mulated by the vo'ume of building construction anc there has been a readjustment ot prices down from the 1920 records to between thirty and forty percent Above the pre war levels, Furs Domestic pelts produced in the 1922-28 season were well atsorbed at fairly, satisfactory prices during the year and the orders for trappers supp'ies this fall gave evidence of a decided expansion of operations. Perhaps tho feature of the season Was the tremendous sate of rac- coon coats during the autumn. Mink continued in fine demand and there was an increased call for ermine ‘garments and ‘trimmings. A slackening in the vogue for seal was evidenced by the’ failure of the government sales at St. Louis but Hudson seal continued In good de- mand at excellent prices. Novelties of skin working and dying stimu- lated retail sales. Glass. The demand for plate glass was the dom’nating factor in the glasn industry throughout the year. This was due largely to the Increase in automobile production and the pop- warity of the closed type of car as well as to the volume of business houses and hotels erected. Through- out the year, factories turning out this product were far behind or- ders. Groceries, » The grocery trade in general throughout the country has been on a stable basis during tho year with sales in. many sections showing an ‘ncrease-of fram 5 to 10 per cent above those of 1922. The total fig- ures were swelled to.an appreciable degree by the demand for holiday goods toward the close of the year. The better trend in the grocery business has been attributed in part to the wide employment at~good wages which has existed over the country and in part af the fact that heavy ‘stocks: of ‘staples on shelves and in warehouses have been re- ducec. . Curtailed packs of canned goods in. some sections were reflected’ in higher prices and large packs ‘in in- dvidual loca'ities ‘had. the opposite effect. Biscuit. manufacturers had a heavy demand for their products. ware. As In many other lines-of indus- Big. Indian -.--. 2012 Bessemer —.----.---. 24 26 Boston Wyoming ------ .20 61.00 Buck “Creek -.-.------ 16 18 Burke. 28 Blackstone Salt Creek 32 Chappell 28 Columbine a3 Central Pipe — 195 Consolidated Royalty — 1.26 1.28 Cow Gulch--.2- 03.04 Domino RARE ee Elkhorn .~-.s--ssseas= 03-04 E. T. Williams 2-45.46 Frantz --...-"2. 5006.00 Gates. = er 8 Jupiter _--sswaseeee— OU, “OL Kinney Coastal 2--.-- 18 Lance Creek. Royalty_ 03 Mountain & Gulf .--. 1/60 1'65 Mowher Okla ..--_>-100.00 125.00 0 Sumpet . 22. 02 03 Tom Be'l Royalty 02 03 Western - Exploration 20 «3.30 Western States -. 16. 18 Wyo-Kan - VAR ENE SE NEW YORK CURB Mountain Producers Genrock Of Sat Creek Prds. Salt Creek Cona Mutual __.--.. Cities Service Com. try, the building construction acttv- {ty of the year was the main spring behind the activity in hardware. Builders cf hardware continued ac- tive even after the wnter season set in while plumbers’ supplies, ana electrical. hardware showed equal demand originating from this source. Prices for builders’ hardware were slight'y lower than in 1922 but were well maintained. Some. other branches of the trade showed price recessions. - Hats. ‘There never was a year in the history of the lat industry wh’ch rhowed. less variat‘on «anil seasonal slump between seasons. This was due in part to the absence of criti- cal ‘abor -difficu'ties and to ‘the change in policy among hat retailers of placing frequent orders. Hi and Leather. The year was a disappointing one for, the hide and leather industries. The annual period was started with keavy: stocks of hides on hand and prices chowed a steady decline up to midyear, There was a betterment after that time but not of sufficient Proportions to make the year a pros- vercus one. : The increased nuntbher of cattle slaughtered and the increase in®im- ports of hides cqupled with the fact that the United States exported far fewer than in 1922, tended to keep down prices. Iron and Steel. Full’ returns may ‘ndicate that the stée! industry, taking all things ‘nto consideration, had one of the freatest years in history in 1923. In y of thin year, steel operations vpached ‘the highest point in their history. Pr'ces for steel products were well established for the ‘ast eight months of the year. That is, there were few wolent fluctuations although there Were some price concess‘ons and some cases where premiums above the scale were pa'd for prompt de- Mvery, Pig iron prices feil off sharp- ly from the peak of the year but there was a decided strengthening of demand in the latter months. Jewelry. ‘The year 1923 was unspectacular but prefitable in general for silver- smiths jewelers and jewe'ry manu facturers. Volume. of bus!ness show- ed improvement and the demand for higher priced articles became in- creas'ngly apparent’ as the year Crew to a close. In the ear'y part of the period, the cheaper goods were in most demand but quality became the dominating factor later. Lumber. The tremendous amount of build- ing construction throughcut the year afforded a firm support to the lumber industry. The output for the year, both in the Pacific north- west, the southern pine belt and in the north, ‘ran well ahead of last vear and was aided espec'ally in the west, by the heavy orders from Ja- pan following ‘the earthquake. Production in the Pacific north- west ranged around 25 per cent above eight hour capacity much of the time and employment through- out the country in this industry was heavy all through the year. Prices were fairly stable with the high points belng reached in April, after which they declined from the peak. Non Ferrous Metals Copper, lead and zinc showed de- cided increases in production during Me "yenr. In. the case of the firs* and last however, consumption, al- though of extraordinary proportions did not keep pace fully with produc- tion and profits were limited ac- cordingly, Silver was affected by the expir- ation of government purchases at $1 an ounce under the Pitman act -which took place after midyear. Al- though. prices suffered a drop of more than one third from the sums paid by the government, the chief effect came on thé few mines which depended chiefly on silver ores with- out a subsidiary metallic: content. There has been a slight betterment of operations in the gold producing mines but this has not been partic- ularly marked. ~The reason is that while costs and wages have risen, gold is sold ata fixed and standard price and production during. a period of high prices is therefore sure to shutoff. Packing House Products -For the first time. since 1920, the packing industry has had a rea'ly good year. The improvement af- fected both the’ large ‘and’ smaller concerns and it {s a testimony to generally good conditions throughout the country that the industry got back on a profitable basis in a pet- lod when marketing of livestock was So exceedingly heavy. The volume of trade was unus- ually broad and there has been a greater confidence in evidence in the packing business. Fofeign trade has been fairly active, with England especially a buyer of ‘ard and meats. Paints Paint manufacturers and dealers had a splendid year, due in large part to the tremendous volume of buildipg in progress, The activity in repair and returnishing work also was a decided factor and the move toward increased summer and winter resort accommodations made itself felt. Paper Paper is winding up the year in a period of comparative stability. De- mand 4s still increasing ‘but not at the rate which obtained in the last two or three years. Prices are al- most doub’e the 1913 level. Mill stocks are not above normal anil jobbers stocks are’ reported rather below the usual amount. Potatoes The 1923 potato crop was large in nearly all sections of the country but not remarkable for quality. In the early part of the season, grow- ers in individual communities made g00d profits, but taren as a whoe Frowers did not Lave a prosperous year although exceptions were num- erous, Povltry Weather and growing conditions ‘avored poultrymen during the year and they raised tremendous quan- tities of birds, The crop of. tur- keys was so large, however, that prices were materially lower than in 1922 except in Isolated sections. Growers of other fowls complained that their profits were curtailed to the vanishing point by the fact that commission men contro‘led the prin- ciple markets. The . commission men made counter charges that they were paying for thousands of pounds of gravel fed by growers to the birds before marketing to in- crease their weight. Stocks ——-—-—- 16% 16% woee--e-eeeeee 7015 Tl nT SES S108? tos Calena: 7s 5.48) 08 Minois -. Indiana Nat. Tran. N. ¥. Tran — Nor Pipe Ohio Ol __ Prarie OW Prairie Pipe Solar Ref. — Sou. Pipe 8S. 0. Kan eastern refiners in the majority of cases are also producers and that the removal of the tariff would enable them to pay themselves a double profit as well as dominate the market. Tobacco. records marked the year ‘in the . tobacco industry. Cigarette manufacturers, sold a record breaking volume of their products approximately 75,000,000,- 000 cigarettes being disposed of, or about 20 per cent more than in 1919 and 1922 the previous high years. Cigar production increased only about 4 per cent over last year and Shattered manufacture of smoking and chew- ing tobaccos showed a decline. The tobacco crop of the country Was estimated to be about 8 per cent larger than that of 1922 and growers, as a whole, have received most satisfactory prices. —————> Ohio Oil Operations. After bringing in hot water at 2.980 feet at Big Sandy, in Montana, the Ohio Oil company hag shut down its test and will soon abandon it. Rubber. The so-called Stevenson plan, through which rubber exportation in the British East Indian posses- sons has been effectively restricted, was the dominating feature of the rubber industry this yea Largely as a result of that restriction, prices rose from 14% cents in the latter part of 1922 to 35% cents in February. Manufacturers of tires who use 82 per cent of the rubber consumed in this country stocked heavily early in the year and as demand diminished prices fell, recovering later however as the tire inventories were worked off. About 45,000,000 \tires, it ts esti- mated, were produced in 1923 and makers are planning for an equally heavy output in 1924. Ss hoes... Shoe production for the year reached high levels and manufac- turers, especially those in the mid- dlewest, in many cases had record sales years. In New England, how- ever, labor conditions were encoun- tered which had a marked effect on production. ‘These resulted in an exodus of manufacturers from some of the New England shoe towns. The annud] statements of the manufacturers made it noticeable hat the large manufacturers did far better in the way of profits than the smaller companies. Silk. November saw all records for im ports of silk and silk goods br at Seattle. These shipments ceeded $36,000,000 in value. ~ Sporting Goods. More baseballs were sold in 1923 than ever before but the demand ‘or club uniforms and equipment was less than in some former years. This is attributed to the fact that employment was general. Sales of baseball equipment increased dur- ing periods of idleness by workers. "The feature of the year, however, was the incraese in demand for golf and tennis equipment and for basketball paraphernalia, Sugar. Sugar had a hectic year. To be gin with, demand did not Increase with the same velocity shown in 1922, although it maintained « steady progress. Then, in the spring of the year, the Cuban raw sugar production was gravely under- estimated and a world shortage pre- dicted. Eastern cane sugar refiners rushed into the market. and bought freely and as a result Cuban raws advanced to 8.11 cents a pound, far above the range in 1922. Refined sugars advanced similarly. In many cases over 10-cents wholesale waa paid, although the nominal high was 9.90 cents. Shrewd Oriental traders seized advantage of this situation ant dumped Java sugars on this mar- ket in the form of futures. Can- ners and housewives went on a mild buyers’ strike and prices dropped. BefSre they had filled their require- ments up to the end of the year, England and other European coun- tries had-exhausted the available supply of Cuban raws. This undoubtedly would have re- sulted in a‘second skyrocketing of prices had not the domestic beet sugar crop come on the market’ in the fall and winter. 3 ‘The beet sugar manufaturers took advantage of the miscalculations ot their rivals and invaded eastern territory for the first time, selling their product at wholesale at 8.40 cents a pound at a time when east- ern cane refiners were compelled to charge 9.25 cents for refined sugar. So far as the ultimate consumer is concerned, the sales efforts of the ex beet sugar producers probably checked a startling advance tn price. Efforts of the eastern cane sugar refiners to supplant the present tariff on raw sugars by a sales tax which would be borne by the con- sumer are being fought by the beet Sugar men ou the ground that the Another of the company’s Mon- tana tests at Malta {s temporarily shut down waiting for boiler re- pairs. Depth of this hole is 1,670 feet. Other Interesting operations ‘are as follows: Byron.—Section 32. cemented at 1.865 feet. Springs.—No. 1, section 22-16-104; shut down at 2,610 feet. 97; standing Coalville Utah.—No. 1, section 6-2-6; drilling at 1,780 feet. Mahoney Dome.—No. 3, section 36-26-88; drilling at 3,500 feet. O'Brien Springs—No. 2, section 2-24-87; shut down at 4,420 feet. ne The British consumption of Amert- can cotton last year was under 2, 000,000 bates; before the war it was nearly 4,000,000. GOOD R ETURNS |Producers and Buyers Agreed That No Recession In Prices Is In Sight; Consumption Is Big Factor Despite the long continued fight between producers and buyers of wool, most of them are agreed on one point as 1923 draws to a close. That is that there is no imme- diate probability of lower wool prices. This means that Wyoming woolgrowers may rest reasonably secure in the belief that prices of between 40 and 45 cents a pound whch they recelved.for the 1923 clips will be in vogue again next sedson and holds a promise of ma- terial prosperity in this industry, For the first three quarters of th's year, milis In this country consumed 606,653,000 pounds of wool as against 577,990,000 in 1922 This country srows only about 40 percent of the Wool consumed here. The activity of the mills increased in the last quarter and prices which had sagged from the high levels of the first half year regovered materially. More wool was produced In this country than in 1922 but the increase did not keep pace with added con. sumption, according to growers. Prices rose steadily from the middle of 1922 to the latter part of June 1923, Growers in the spring when they clipped their flocks, were able to sell a part of their wool at fine prices. The sums thus secured ca ried them through and they were in @ position to hold the remainder for the higher prices which obtained after the midsummer slump. ‘Thetr position was materially alded by the foreign situation, for the fore'gn markets were generally pro Portionately higher than the Ameri- can markets and some dealers ex- Ported domestic wools to take ad vantage of this spread. When stocks of wools at mills grew low, manufacturers who haa held off for lower prices again _ame into the market for the domesne product. The cooperative markedng tions, which have become y popular in the wool growing re given credit for the ordorly and profitable marketing of this year's wool by many growers, In general, ranges are in fine con- dition for the winter and herds tn excellent shape. While demand {s in- creas'ng, few growers have listened so far to proposals for contracting their next spring's clips at prevail- ing figures. Casper and Wyoming wool growers prospered during the year just end- ing and to all appearances their suc- cess will be repeated during the year 1924. New Year's dinner at Cafe. will be classy. Wray's Casper Mirror i Works We are prepared to take care of any sized order. Framing and Resilyering Contractors Please Take Notice 827 Industrial Ave PHONE 442 OE nae sasha Se ee ented ERPS FELIS Ee EP UE VENA A REAL OPPORTUNITY FOR AN month. Highest class payment sure. ABSOLUTELY SAFE INVESTMENT If you have $1,000 in cash you can buy a mortgage on real estate, secured by a house and lot worth $2,000, located in a fast-growing section. dorsed and guaranteed as to payment. will get your money back at the rate of $40 per En- You endorsement makes the You make $250 profit. Address Box B170 Tribune or Phone 1189 oS ia SES Rea i sie REDE IEY Dopnce BrotHers 7 MOTOR CAR Value so pronounced that you are justified in looking upon the purchase of a Dodge Brothers Motor Car as the soundest possible investment in transportation. Not a dollar is added to the purchase price to support a free service policy; nor to cover the costliness of numerous body or chassis types; nor to pay interest on bor- rowed money; nor to maintain a multiple organization of middlemen. Dodge Brothers finance themselves. They sell directly through a single organization of dealers to you. They do not believe in charging in advance for service you may mever need. They have developed re- markable economies, and a time-seasoned product, by concentrating on standard types. These facts are reflected, not only in the price of the Car, but in the quality of workmanship and materials that enter into its construction. COLISEUM MOTOR COMPANY 131 E. Fifth St. Phone 724 ——_—e——— 9YVW cc