Casper Daily Tribune Newspaper, January 13, 1924, Page 8

— SSS NS ees ae eee eos NETS een YS ee eed as PAGE EIGHT Oil :: Finance EUROPE’S GOLD AID TO AMERICAN BONDS Roger W. Babson Sees Flight of Capital as Big Factor in Bond Market During Coming PD: 8 nr Wm 130 em ae a ae j Che Casper Sundav Cridune SUNDAY, JANUARY 13, 1924 Bonds : Grain :: Livestock : All Markets AND QUOTATIONS BY LEASED WIRE : Stocks [ sewYorxsuca |ADVANCEINCORNIS [~ onsewie |STOCK VALUES SCORE nes cua cone” GRAIN MART FEATURE "GAINS DURING WEEK NEW YORK STOCKS—LAST SALE Asked Allied Chemical & Dye --..-- 73 12 Minerican Gar. Foundry 100i |New High Records Established on Alternating 22%°"woass 1% {5 | Heavy Profit Taking and Short Selling Fails to scr Kesnet"s.z-aaz-ite| Days During Week as Result of Strong jurte =" | Halt General Upward Trend of Favorites; r $ ‘ 7 J American Smelting and Refg 58% - § Black Stone Salt Creek 30.3: ¢ 7 3 . American 5745 a 4 Year; Effect Is Discussed. American = Demand for Feeding Purposes. Chappell 24 286 Low Priced Rails Climb. American 76% mine = = Laon x LA eo ‘Anaconda 37 CHICAGO,. 3hn.., 13.--Reports Gt Che . [Gent pe Line -— 1.90 2.0 3 Ph x A 5 5 'y are feeling the eff f the c% yi a 2 “WELLESLEY HILLS, Mass.,| send ng funds to this country to] Atchison ~—--——-—-------—--- Bs severe crop damage in France| demand for pon te: pur pes an * fs ag mpegs Royalty 138 tar Be YORK, Jan. 12.—Heavy pro-| Favorable trade news was recorded Jan. 12—Roger W. Babson, the! be invested in American securities | Baldwin Locomotive -—-~--- 126% |) cient about a rally in wheat|of Chi “ ra cAy during the week, including an in- ltuiiaticias) “t0dey) ileedieed Ww for them. Every two or three years | altimore and Ohig --.-.-.-. 58% hd phe. wi i Chicago. . Considerable bidding Domino ~~.---.. 10.12 | fit taking and short selling in some | ONTINE Une Miled orders of. th he terms “the flight of capital” | they come over, clip thelr coupons | Betblehem Steal ——-———--- 53% Ee has Gees. ec phe by ahaha footers Was reported) in. ikborn ———_-— 08 04 | sesues and bullish movements in| Crouse 12 Untied Sarporiiney ro, from Europe and its probable af-/Teinvest the Income, lock the box | COntral Leather -.--0--2--- 16% early strength resulting from Euro-| ‘Today's renee of grain and pro-|Fiaais tm <--—~ geo gop others marked the close of the) quction in crude oll pipeline runs feat on our security markets. preset hogy il ce tei Es i! Cerro de Paseo Copper ----- 47 | pean demand, and prices closed! vision prices follow: Or: |Gatee iuissltccsssae 07 0p | Week's stock market, whieh oes oe and increases in the prices paid for “The steady increase in gold tm-| Probable that they declare nelther {Chandler Motors —----—— 64% | higher with May at $1.09% and July Open High Low Close Jupiter _--.----.------ .00% 191 tured by the strength displayed by) crude ofl in the nation’s leading ports from impoverished Europe,” | re says Mr. Babson, “are partly ac | Poses at home, counted for by the anxiety of the European capitalist to protect his Chasrenke and Ohio ----—- Jt, | at $1.07%. Corn prices scored an: | WHEAT— Kinney Coas low prices railroad shares and an|rieias, Special dividend distributions =} wr<4 4 tnd’ 18. 20 elds. Specia! waa or) Pian? teks aek case eatdal| Gries cae ae ié% | other advance on reports of Ught|May --— 1.09 1.09% 1.08% 1.99% [Lance Creek Royalty_. “61 ‘gg. UnWard trend throughout the list. 5 aecharme pp ede te as ----2-2---- 63 | Seliveries after having broken its|July -—_ 1.07% 1.07% 1.06% 107% Mountain & Gulf 150 1.55 Although trregularity ped imports which reached a total of | Consolidated ‘ ve ‘ today’s short session the close was | $300,000,000 last year. It looks as|Corn Products 160 . | season's record on alternating Gays | Sept. 1.06% 1.06% 1.06% Mee ee On te aise steady and sales amounted to about were also bullish factors. wealth. Cosden Ol! 35% | during the week, May closing at! CORD “Rus: ana hGlerbaare eaves at sod ee eae of preciae Crucib’e Steel -—-_~~--. 68% | 78c and July at 79c. {78% 76% v.78. | Preston: <r .90% 01 | $00,000 shares. Crude Market ready collapsed and several of their| pola. anerease furing 1924. AS! Cuba Cane Sugar pfd 63% ‘79% l77% 79 | Pleardy lL ose ‘The strength of railroad shares neighbors are in precarious shape | £014, Tesrrves Srow bere our: banks | Pamous: Players Task 72 { 19% "19% lem Red Bank .......--.- 6.00 §.00 Was attributed largely to the decis- inancially. A capital devy is seri-| Commercial purposes Or bon mete | Coeera, Aenhalt 143% | point to diminished supplies tor | OATS— “Royalty & Producers - .09 10 fon of the United States Supreme] qo: Creek ously proposed by one of the great} ponds. 4 ‘ ~ " General panies livestock requirements, while wheat | May 16% 46% 46 46%, Sunset —-._--.. a= 002 .03 court upholding the constitutionality | To ice Creek and oats moved up in sympathy | July - 83% | With the corn trading. Outside’ Sept. tical panties of England. The 03 of the “recapture clause” of the}/o.g, pith eros pine ve Ss 330 transportation act. Weaker roads| OS® -—--- ome people believe that this in- Gul States Steel - has been selling be-| qux and the resulting lowering of 44% 44% 44% 44% Tom Be'l Royalty —-- 2% 4380 Aah “gut Western Exploraton Western States -. e in the New York ; = ; Inspiration Copper TIIT=Z 26% | cities maintained corn prices much | LARD— :30 are expected to benefit most from | por nent The heavy indebtedness | Peeled Ut inflaton, | Penomat*: | International Harvester 84% | above a comparative equality with | Jan. 12.20 12.20 1215 12.20 $5 the: application of this clause sinos| iy Basin economic distress of these} do not fear any such development. |!"t, Mer Marine pid — 32% | Chicago at times during the week,! May ----12.10 1212 1210 1212 08 10 the stronger systems must share} Co) sui s is not at all reass' Ariecioan buliaades thang eas (renee International “Paper - He the outstanding point of this de-| RIBS— CLOSING © their excess profits with them. Rock Cres the capitalist. He faces exces-! oq phy the Babsonchart is running Se eineniaa es sat vente y being that such cities as! Jan. == 9.95 arjuntain eed Aa Industrials and specialities also re-| Sait Creek xes at best, and confiscation | qt 2 per cent below normal. Any |Kennecott Copper 35. | Minneapolis, St. Louis and Kansas May z 10.00) Gienroeke OM Mere ARO. eter re, enertt Of Doo! operations | pig. Muddy — ty and wealth a8 &/ tendency to increase cornmodi:y|Lima Locomotive - CIE dase pereaan ESRRL OAM Real tooo SCG a ee ee IE aoe Bad “Eheizsapd code Mute Creek -— y prices will encourage a flood of for-|Mack Truck -. “Looking about for some place of| eign made goods that can be sold} Marland Oil refuge the European capitalist has| here, tariff and all, at low figures. iret Mates pais * chosen the American dollar as the| “If it were not for our immigra- Son agg aati rafest currency in the world. He| tion law we would be flooded with | Nett on Contra! -—— 10.50 _ In the securities market the heavy| Sunburst - 37.43 buying of American issues by Euro-| Hamilton Dome 12.12 12.25 Pean investors was outstanding. ~~ 146.00 143.60 Sterling was heavy by reason of the brisk der nd for American ex- ite Utah Oil Refining Plans |Broc. cand oon it! 103 Citles Ser eee Surveying and Locations ° 50% . is now busily engaged in trans-|a wave of workers from Europe.|Pan American Petroleum Bo. 84 New | est In I ost Soldier ing program has been arranged for change in London, while French and | Geologists, Ol Ksperts, Oil Field ferring his holdings to America in| They cannot come personally but| Producers and Refiners 36% Le /% them. Japanese exchange also touched new pall P = N one form or another. German|we must expect their labor in the are Herd . i low marks. The decision of labor|] WYOMING MA! 5 D capitalists have dumped merchan-| form of foreign made merchandise. | Republic Tron, and Stee 903¢ | One more attempt to increase pro- ping off until it had an outpat of Hrighte, Test Projected wetter elf cing gk aeeonwahey SEVEN dise into our markets at extremely Under these circumstances it is poecdtrk Con. ott 26% | duction from its Lost Soldier lease {s around 5.000 barrels daily. Not long Test of a structure about 30 miles Tecognition of the soviet government | BP. 0. Box 325 low prices, often selling at a loss—| probable that the banks will turn | Sinclr | Rallwarc: = 42 |to be made by the Utah Oil Refin., terwards the well went dead. Num: east of Brighton, Colo., is to be made Of Russia caused a flurry among Room 10, Daly Bldg. even on low German costs—in order | to bonds as an outlet for a large to build up large cash balances in| part of thelr surplus. Heavy in- New York banks. Much money is | vestment in Londs by our banks al- coming over merchandise. | ways tends to strengthen prices,” French interests, which face aj|concluded Mr. Babson. “Adding to} U. S. Ind, Alcohol. heavy tax on capital exported, are| this an abnormal investment by|Unitec States Rub! managing to buy a volume of| European capitalists and the pros-| United States Steel American securities through Eng-|pect of lower money rates and xe | Utah, Copper :—--—- land. It is estimated that several | have the promise‘of a strong bond | Wc*tnshouse Electric - Standard Oil of N. J. -. Studebaker Corporatio: Texas Co by a Denver oil company, according French financial interests. rous atte . reviv be mpts were made to revive + word secelved from Brighton, 106% |!ns company. Plans for drilling a {t: but no ec “ < 44% | well 45 feet north of the old Hughes ly nicest Merstel areal eee eee 69% | Uscovery well, now known as No. 1- this well was shot and production BET pony upll ct 4234 | 4» 2-26-90, have been given out by was stopped altogether. hes cra a people were present 99% | John C. Howard, president of the, Faulting in that section of the ist Thursday ih Roane at the spud: 65° | company. field was responsible for the large “7S §n of the Union Oil company 6t The Hughes well was brought n/ initial production of the Hughes fest Well three ae thon hens J ‘4 Wilys Overand -- 12 | during the early part of October, well and the rap ‘ : . 20-inch hole was thousand European capitalists are | market in 1924. Bate ane Baeeee = HES |assh, had those mater cate eee ee ProeabIE e-oFt of the started on the Fort Collins, the in- Colorado Fuel and Iron ----— 26% | at the rate of 8,000 barrels dally. table to this fault carrying water. ‘@ntien being to carry the hole down National Lead ------------ 142 | after being shut-in for several] It is hoped that another gusher *@ % depth of 4,500 fect or deeper if months during the winter of 1923 be-' will result from the ‘well to be dril. Mecessary. Fuel oll is being used cause of pipe line trouble, the well led. Approximate depth of the hole %t Present in firlng the boller, but wi ut to. producin ain, di hould be 1. 4 will later be replaced with gas when ri a = oF ahi ith + be add cok the line from the Wellington gasser Standard onsierk* |(Market Gossip and Briefs =2"i"'sss=ui" GREEN & COMPANY HIGHEST PRICES PAID FOR PELTS, FURS AND WOOL Get our prices before shipping. Do not be mislead by other agents representing Green & Co. Before you ship or sell wire us at our expense. Trade News in Commodity + Markets of Country : we—wen---- 15% 16% ° 5 . 5 \ ou tobacco business, the Whitlock | Buckeyal -------------- 79% 80 O O t O IF Id. = SHREVPRORT, Jan. 12.—Ol! men| Branch of the P. Lollfard will hire|Continental -—---. 46 47 n pera 1o0ns in 1 1e S CASPER CAB Co of Louisiana) and Arkansas are en-)200 add’tional employes this month| Cumberland ---------- 13) 114 a thusiastic over the advance of 10| officials sald today. This will raise|Calena ~ cents a barrel in all grades of crude| the force to 2,000. ae oll produced in the two states which 2 ‘was announced Thursday. Top price) Cement N.Y. for the two states now is $1,35 a bar-| WICHITA, Kans. Jan. 12.—Ne.|Nor. Pipe --22-2--se rel. Sméckover crude is $1 4 barrel| gotiations are pending for the sale and Bellevue $1.15. of the Monarch Cement plant —— Humboldt to the Cement Securit! P The Same Old Location 518 WEST YELLOWSTONE hiiery4 One Completion {House. The vis'ting delegation trom A H 0 ed E | i 2 Phone 2408 241% 2414] One completion in the Salt Creek Fort Collins which will arrive Mon- 88 91. | field is, reported by the Midivest Re- @2y, will be among the guests of 95% 96 | fining company for the past week.|the club. An exceptionally interest- 77% 79 |It is well No. 7-A, 22-4079, brought oS 260 160% | in at 2,220 feet. Initial production 105% 105% q 188 190 was 46 barrel: Well is to be shot. eS Solar Ret HOUSTON, Jan. 12.—A total of 81.-| company, headed by C. Boettcher of| Sou, Pipe 96 «97 Sur | 221,000 barrels of oil and petroleum| Denver. 8. 0. Kan. 47 40% Bolton Creek Well 9 e e products were handled thru the ports '- S. 0. Ky. 109% 110 At a depth between 2,000 and 2,100 of Galveston, Freeport and Texas| Textiles S. O. Neb. 210° 212 | feet the Kinney-Coastal Oil company ou ve een 00 g or ppo. ni City but Texas City maintained its) |. ;wRENCE, Mass., Jan. 12,—|8..0- N. ¥- 46% 46% | {s reported to have brought in u 100- record as second ofl port of the «-. worsted mills of the Pacific Mills | 504? Ret. 188 199 | harrel well in the Bolton Creek field. world when it shipped 16,838,000 bar-| Sich have heen operating on a/S7: Pipe --- 96 = 97_ | "The bit went 12 feet into the sand rels to foreign and constwise destina-| three a day week schedule have now|S: 0: Kan. -+— 47 474] which is sald to be giving out only tions. been increased to a four-doy basis. = & be Sani ara a trace of water. 2 ‘i z . O. Ohio —. 310312 INDEPENDENCE, Kans., Jan. 12.] Watdwice A 8 aes <4 Petroleum Club Meeting ——The 25 cents a barrel advance in| gy LOUIS, Jan. re Tuesday evening at 8 o'clock tho| the price of crude ofl in this field! 58% 58% 169 | Wyoming Petroleum club will have! % 66% its regular meeting at the Court 12.—The haré-| Vacuum ‘eld ' ware trade in this section is almost|8. P. Oil has turned the attention of many a: standstill for the moment but| 8.0. Ind. operators to the question of reopen-| the business of the past year hes ing shut.in wells and starting new) tcagiea prices and stabilized condl- Grilling operations. tions and a substantial gain tn vol- ca igu "4 jume fs anticipated in coming months, BOSTON, Jan. 12.—All repair} OSTO! pa Steel shops of the Boston and Maine, in- cluding ‘hose at Hileries, Condora,|, CHICAGO, Jar, T,."2| expenses You Fitchburg and Lyndonville have | prices are firm at $23.50 a ton for Pp been put on a 40-hour a week basis, SPot Chicago delivery. Structural ion of 8 hours work a week. hapes and tank shapes now are N F. | bar sdanca apes ba | quoted here at 2.60 cents, hard ste | AWE WCF ee. . Wool | bars at 2.30, soft steel bars at 2.50 CHICAGO, Jan. 12.—Finer grades Cents and common fron bars at 2.40 of wool are now selling here at from Cents. $1.32 to $1.33 a pound with $1.35 to| —_—_——>—__—_ $1.27 being paid for extra choice| There are three million books in selections, clean basis. Very best|the library of the British Museum, half Blood combing is quoted at 1.206 and if the bo eee were laid What if you had to equip yourself with a ri s i. peieod Temes acre eat a iarectt ets Poeaben & Sen gas plant, a telephone or electric system— Snyder Is growing. If you are the least bit skeptical DRIVE OUT TODAY and you Tobacco The composer of “Kathleen mayhernlapract care Savesy tina youeaule- will get the surprise of your life. You will see a thriving town of several hundred people. RICHMOND, Jan. 12.—Altho Janu-| Mavoureen” was rewarded with $25 ed their services? ary is usually a dull month in the for his famous song, Dentistry Truthfully Advertised No Exaggeration No Misstatements BEST VULCANITE rate... p20.00 My advertising is designed to place before you truth- fully what I can and will do—ever bearing in mind the fact that satisfactory service must be the ulti- mate test of worth. When I tell you that I can save you money on your dental work, and both workman- ship and materials are GUARANTEED, I mean all I say, and stand squarely back of my guarantee. PAINLESS EXTRACTION EXAMINATION FREE NATRONA POWER DR. FRANK CARLL lil eee ee | 402 O-S Bldg. Phone 564. You will see close to twenty business houses in full operation. You will see buildings going up in all directions. It won’t take you long to discover the possibilities of Snyder, Of course, you don’t have to go to such ex- tremes. For you have at your disposal the facilities of public utilities. Get in Now, Buy Before Lot Prices Are Advanced Again Moreover, your utilities provide these fa- cilities with borrowed money. (If this money had to come from your monthly bills, they’d be rather steep). PRESENT PRICES GROWING ! GROWING! GROWING! Business Lots (corner)__--_____________-___$800.00 Business Lots (Inside) --------------------- $650.00 Residence Lots =---=-----------------_----- $400.00 You merely pay for the service you use— nothing more. We pay the rest. - SOLD ON LIBERAL TERMS Autos Will Leave Our Office at 9:00 a. m:TODAY—Round Trip Fare $5.00 FREE FARE TO PURCHASERS OF LOTS Don’t Put Off Making the Trip—Opportunity Awaits You | TE 0O0944069409065060006000600006000600000000000000000 Room 6 Mokler Bldg. | Over Campbell Hardware Store Phone 2364 WESLEY GROOMS REALTY 00.