Casper Daily Tribune Newspaper, January 21, 1924, Page 7

. it “Rom PR bur ™ G oR, hoy th. eu The top of the sand at 2,100 feet was reached last week, Several of the largest stock- BE HELD DOWN (Continued From Page One) es they relinquish and turn over to the federal government responsibil- ities which are rightfully theirs.” Mr ‘Coolidge asserted, and. Gen- eral Lord amplified the statement, that for the first time since the “business organization of thy gov- ernment” was formed by President Harding, it was able to meet with no deficit indicated for the year. The surplus for the current fiscal year, he said, promises to exceed $300,000,000, and he attributed this satisfactory showing to the joint et- forts of the legisiative and execut!ve branches of the government to keep expenses to a minimum, General Lord revealed that only four agencies out of 43 in the gov- ernment originally asked for appro- for the next fiscal year smaller than those under which they are now opvrating. These ‘were: the Interstate Commree Col mission, th Interior Depa: tment, the Veterans’ Bureau and the Shipping Board. The budget bureau went to work on the reques.s of the oth- ers, he related, and when its job ‘wes done, the estimates for appro- Priations of the thirty nino other egencies had been psred down so the total for all was $55,000,000 less tuan the sum which President Hard- iug ‘ast June set as a maximum. In the field of expenditures, ho mentioned important curtailment in transportation, telephone and tole- graph costs, which nevertheless amounted to. $181,500,000 in the last fiscal year. He also cited the adop- tion of standard forms for govern- ment leases, unification of govern- ment purchases under one agency, standardization of specifications for material and equipment, and the co- ordination of various activities a, mevsures likely to-1esult in the saving of many mil.ions to the tredsury. FREIGHT RATE HEARING HELD SPOKANE, Wash., Jan. 21—Ship- ping interests of the intermountain territory presented arguments at @n_Interstate conuierce commission hearing here today egainst the ap- plication. of trauscontinental. rail Toads for permission to lower the freight rates to coust points wita- out making corresponding recuc- tions to interior cities. The hearing, which is being con- ducted by examiner M. A. Pattison, is one of a series being held throughout the west. The railroads are scheduled to present their case tomcrrow. Besides ‘ocal shippers’ organizations the traffic service bu- reau of Utah was represented by H. W. Prickett, its manager. AUTONOMY IS "NOT FAVORED LONDON, Jan. 21—An over- whelniing majority of the -popula- tion of the Bavarian Palatinate ts opposed to the so-called autonomous government. in the op non of Rob- ert Clive, British consul general at Munich, after five days’ investiga- tion on the scene, the house of com: ya0ns was told today by Robert Mc- Neill, under secretary for foreign effairs. NEW YORK, 21.—Liberty bonds closed: 3%4s 99.10; second 4s ; first 4%s 99.7; second 4\%s third 4%s 99.30; fourth 4\%s U, 8. government 4445 100. Sleosnennniecasmneemmend OHIO MAKES PRICE CUTS Jan. FINDLAY, Ohio, Jan. 21.—The Ohio off company today announced ten cent advance m the quotations of all grades of central west crude oil, The quotations are Lima $1.93; Ind/ana 1.73; Mlinols 1.72; Princeton 1.72; Plymouth 1.10; Waterloo 1.20 and Wooster 1.80 Starts Tomorrow AMERICA BRADFORD-WYOMING IS. DRILLING IN TEST EXPENSES MUST |__Lavestocc | in the company are here from Bradford, Pa. The Emigrant test well is located On sec. 9-34-82, about 12 rilles west ot Casper. Other holes have been put down in the vicinity of the pres- ent well but were abandoned as non-preductive. pounds butchers 7.15@7.25; top 7.25; desirable 170 to © 210 pound averages mostly 7.00@7.10; better grades 140 to 160 pound averages .80@6.95; packing sows largely 6.60 os. hogs 7.10@7.25: medium 7.00@7.25; light . 6.90@7.15; Ught light 6.26@7.0! packing sows smooth —6.70@6.90; - packing sows 50@6. 5.50@6. Cattle receipts. 22,000; slow: few early sales beef steers and fat she stock strong to unevenly higher. mostly on shipper account; asking higher generally; big packers bia- ding about steady; Killing quality plain; bulk fed steer contingent 8,25 @9.75; earlier top yearlings 11.00; some handy weight 10.60; several loads short fed 8.50@ alls 10 to 1Bc higher; spots more; bulk bolognas 4.50@5.00; veal calves largely 9.00@10.00 to packers; trade firm to higher, quality considered: stockers and feeders scarce, firm: bulk 5.50@7.00, Sheep receipts 24,000; fat wooled lambs active; strong to around 250 higher; sheep and feeding lambs slow; practically no early lea; looks around steady; early bulk fat woled lambs. 18.50@13.75; some held higher; few choice Ught weight fat ewes 8.25. KANSAS CITY, Mo, Jan. 21,— Cattle receipts 13,000; calves 2,000; few deiirable handy weight steers and yearlings around steady; plain- er kinds very dull; bulk early snies beet steers 8.10 to 8.75; fat ahe tock slow; steady to shade lower: beef cows largely 4.00 to 5,50; canners| and cutters 2.25 to 3.25; bulls strong to 25¢ bighor; bolognas 4,50.to 6.00; calves steady; top veals 10.50 other Grades 4.00 to 7.50; stockers and feeders slow, arolnd steady; choice fleshy feeders 8.25; bulk 5.50 to 7.25, Hogs receipts 14.000;° few eariv sales to shippers steady to. ‘weak; all buyers idle now; few good to choice 180 to 200 pound averages; 6.75 to 6.90; part load 7. bulk 180 to 150 Pound 6.25 to 6, Packing sows mostly 5 to 10¢ lower: bulk 6.25 to eee stock pigs cteady; bulk 5.00 to Sheep receipts 13,000; slow: killing classes generally steady; top lambs 18.10; other fed lots 12.65 to 11.00; short deck ewes, 8.21 OMAHA, Neb., Jan. 21.—Hogs— Receipts 12,500; early business steady; mostly to shippers; bulk 220 to 300 pound butchers 6.85@6,90; top 6.90; 180 to 210 pound weights 6.65 @6.80; packing sows largely 6.50@ 6.60; quality only fairly good; aver- age cost Saturday 6.75; weight 241. Cattle receipts 9,500; fed steers and yearlings slow; few early salgs 8.00@9,00; looks about steady; few loads handy weight steers 945@ 9.75; she stock dull about steady; bulk butcher cows and heifers 4.00@ 6.50; canners and cutters 2.35@3.50; bulls 10@15c lower; bulk bolognas 4.00@4.50; vealers to packers mostly 9.00@9.50 or steady; stockers and feeders moderately active, steady to strong; bulk 6.25@7.00; few loads 7.10; pulp fed 8.10. Sheep receipts 15,000; active; kill- ing classes steady to 100 higher: bulk wooled lambs 12:75@12.90; top 13.00; clipped lambs 10.60; light ana handy weight ewes 7.50@7.75; feed- ing lambs steady, 12.40%12.70- pia rite ible 3 METALS NEW YORK, Jan. 21.—Copper quiet; electrolytic spot and nearly 12% futures 12% @12%. Tin firmer; spot and nearby 4950; futures 49.00. Iron steady; number 1 northern 23.00@24.00; number 2 northern 2250 @23.00; number 2 southern 21.00@ 22.00. Lead steady; spot 8.00@8.25. Zine quiet; east St. Louis spot and nearby 6.50. Antimony spot 10.25. POTATOES CHICAGO, Jan. 21. — Potatoes steady; recelpts 79 cars; total U. 8. shipments Saturday 74; Sunday 26; practically no trading account cold weather. <<< Grain Exports Drop WASHINGTON, Jan. 21.—Grain experts from the United States last week amounted to 1,911,000 bushels compared with 2,320,000 bushels the week before. NEW YORK, Jan. 21—Prices of Wyoming olls at 2 p. m. today were listed on the New York Curb as fol- low ndard Oil (Indian) 6614; Glen- rock 58; Mountain Producers 18%; autual 12%; New York blank; Salt Creek 28%. ‘Chemical & Dye _._. 70% nm 128% American, woneeeeeee 149% American Woolen -_.. 75% Anaconda Copper .... 20... 37 Atchison -...-.....-.... 98% Atl., Gulf'and West Indies 1B Baldwin Lodomotive -._.. 123 Baltimore and Ohio ~...__.. 57% Bethiohem Stee? = 54% California Petroleum -..... 26 Canadian Pacific .......-...147%B Central Leather 16% Cerro de Pasco Copper -.--.. 44% Chandler Motors --._._..._ 60% Chesapeake and Ohio -_____. 73% Chicago &- ‘Northwestern ... 52 Chicago, Mal. & St. Paul pfd 26 Chicago, R. I. and Pac. 24% Cuba Cane Sugar pfd ... Erie —~-... — Famous Players Lasky General Asphalt ....._-. General Electric General Motors -. Gulf States Stoel Iilineis Central -... Inspiration Copper . International Harvester Int. Mer, Marine pfa International Paper Invineible Ofl ~__. Kennecott Copper ......... Lima Locomotive ---..-.-... Louisville and Nashville -.. Mack Truck ---.. Marland O11 - Maxwell Moto Mic@le States O11 _--.__ Missouri, Kan. & Tex., new. Missouri Pacific pfd -. New York Central --.-..-.. Ne Y., NeH., and Hartford. Norfolk and Western -._.__ Northern Pacific People's Gas .. _ Producers and Refiners Pure Oil Reading -.---.. Republic Iron and -Steel Sears Roebuck -.. Sinc'air Con Oil Tobacco Products A ~-. Transcontinental Oil Union Pacific Anglo Buckeye Continental Cumberland i) 23 Galena .. = OT See Plinois -..... 150 152 = 24% 25 - 89 92 Nor. Pipe -----.--... 97 93 Osage ~ ae Grass Creek light Torchlight wae enenennnwnwne----~ 1.40 Rock Creek ----........ Hamilton’ Dome — MONEY NEW YORK, Jan. 21—Cal) money steady. high 4; low 4; ruling rate 4; closing bid 4; offerea at 4%; last loan 4; call loans against accept: ences 4. Time loans steady mixed collateral, 60-99 days 4%; 4.6 months 4%; prime commercial pa- pers 4% @5. Starts Tomorrow AMERICA Pacific Oil --.--.. — 53 Pan American Petroleum B 51% Pennsylvania 43% Ove Casper Dally Cridune ~ MARKET PRIGES/ON MART TODAY Motor Issue- Weakness Is Countenanced by Spe- cialty Advances » Jan, 2i—Wide and today’s stock market. Strength of high priced specialties, such as Corn Products and General Electric and & moderate inquiry for the domestic olls was counteracted by tho weak- ness of automotive issues. Sales approximated 900,000 shares. NEW YORK, Jan, 21—T ir lower prices characterized the orcning of todaye ricck merket with steel, copper and railroad shares ylelding fractionally to sell- ing pressure. There were a few conspicuous strong spots, General Electric rising 114 to 2.05%, the highest since 1902, and American tobacco climbing 1%. ‘The market presented a spotty appearance throughout the early dealings. Pan American issues dropping about 1% points each in further reflection of developments in Mexico and Studebaker, Pressed Steel Car, P. S. Rubber first pre ferred, National Supply and Phillips Petroleum dropping a point or more. Special buying took place in several issues, Pierce Oil preferred jumping 5% points and Corn Products 1% to162%, a record price. American Car and Foundry preferred, Sinclair Oil preferred and Barnsdall A, also made good gains. Foreign ex- changes opened weak, demand ster- ling dropping 2%c to $4:21%, the lowest since 1922. Bear traders launched a series of attacks against the automotive is- sues In the early dealings and suc- ceeded in uncovering a-number of stop loss, orders, Willys Overland preferred slumping 3 points, Stewart Watner 2%, Chandler and others in that group a point of more. Chem- ieal, Can and Steel shares also yield- ed réadily to selling pressure. Per- sistent buying of Lehigh Valley Corn Produets,, which touched 72% and 163% respectivély, eventually halted the decline and started some stocks upward again before noon. A good Inquiry was noted for Ches- apeake and Ohio, Associated Oil and U. 8. Cast Iron Pipe. Call money opened at 4 per cent. Active bidding for the oils, to- baccos and public utility stocl nd a further rise in Corn Products, which advanced more than 9 points “vo sey -saggested a running in of the short interest. Studebaker broke below par. OIL SECURITIES Bessemer - ---.. =< ol Big Indian 10 Boston Wyoming 00 3uck Creck .-. 16 Burke - ~~ = 26 Black Stone Salt Creek .30 Chappell .-.. 24 Columbine 10 Central Pipe - 2.30 Consolidates Royalty — 1.28 Cow Gulen ---...--. 03 Dominy | -...--.... 10 Elkhorn _-~_. 01 Kinney Coastal 18. 20 Lanco Creek Royalty. 1 02 Mountain & Gulf — 1.59 1.61 Mosher Okla ---.--..100.00 125.00 New York Oil 12.00 “14.00 Preston Picardy Royalty & Producers '. Sunset <. Tom Bell Royalty .... ition. ‘Western Explorat ‘Western States . Wyo-Kans -.--2.2. ¥Y on NEW YORK CURB CLOSING Bla Ask Mountain Producers . 18.75 Glenrock O ~... 50 Salt Creek Prds, -.... 23.25 Salt Creek Cons. 10,00 Mutual 3 12.50 12.62 Cities Service, Gom 160.00 152.00 Butter and Eggs NEW YORK, Jan. 21.—Butter un- settled; receipts 8,841. } ¢ream- ery, extras (92 score) 50@5114; ditto, firsts «(88 to 91 score) 4614@4914; packing stock current make number 2.28 ss firm, recelpts 8,420; fresh gathered, extra firsts 45@47; ditto firsts 43@44; ° ditto, and Poore 34@42 ew and other hennery Jersey closely select- ed, extras 58@54; state, nearby und nearby western hennery whites, firsts to extras'45@52; Pacific’ coast whites, extras 51% @53; ditto, firsts to extra firsts 46@50%; refrigerator firsts 27@28%4. Cheese stéady; re- celpts 108,881. State, whole milk, flats, fresh, fancy 22@23; altto average run 21@21%; state, whole milk flats held fancy to fancy spec- fale 26@27; ditto average run 24@ 2543, CHICAGO, Jan. 21.—Butter’ un- changed; creamery extras 50 standards 50; extra firsts 49@ firsts 46%@47%; seconds 461 es higher; rec firsts 43! ordinar Wheat Price Close Easy Foreign Quotations Reported Higher CHICAGO, Jan 21—Corn showed @ renewed dency toward higher scoring an all-around advance soon after the opening. Practically no corn to arrive was beoked overnizht by Chicago hana- Jers. a single carload since Friday. Ap- parently next to ne efferings at any figures were being made to this market at the present time. Open- ing prices which ranged from a shade lower to Kc gain, May 78% to 78%¢ were followed by a slight general upturn. It tock but" little buying to-rally wheat when corn dis- Played strength, The fact that wheat quotations at Liverpool were higher counted as an offset to a break in foreign exchange rates. After opening % to %c lower, May 1.07% to 1.08 and July 1.06%, the wheat market here recovered to about the same as aturday’s finish. Oats were steadied by corn. Start- ‘ing at a shade lower to a shade ad- vance, May 46%, oats sagged some- what and then began to react. * Provisions were dull and without important change. quently, unfavorable finan- cial conditions in parts of the north- West had some bearish influence. The close was easy at the same as Saturday's finish at % to \c lower, May 1.08@1,08% to 1.08%. No important setback in prices took place during the later deal- ings. Liberal receipts at Missouri river points were.ascribed to pre- iniums which those markets are Paying over Chicago. The close Was steady at the same as Satur- day's finish to %@'se higher, May 78% to T8%@%. Wheat number 2 red 1.13@1.13%> number 2 hard 1.09%@1.11. Corn number 2 mixed 77%; number 2 yel- low .77%@.78%. Oats number 2 white .46%@.47%; number 3 white 46@46%. Rye number 3, .714%@ 3 Timothy seed 6.00@8.00. Clo- ver seed 18,00@23.75. Lard 12.00; Ribs, 60 pound averages 9.87. Bol- Hes 9.62. MNNEAPOLIS, Minn., Jan. 21.— Wheat_cash» number 1 northern at $1.12% @1.16% ; number 1 dark northern spring. choice to fancy at $1.20% @ goed td choice $1.15% @1.19%; ordinary to good at $1L.13%@1.16%; May $1.12%. July $1,131; September. $1.11% : Corn number 3 yellow 701% @70%c. Oats number 3 wiilte 425 @42%c. Barley 5i@63c.. Rye number 2, 65%. Flax number 1, $2.51@2.65. Open’ High’ Low Cloke Wheat— May ---. 1.07% 1.0845 1.08% 1.08 July ---- 1,061 1.0714 1.06% 1.06% Sept -2-- 120514°1:06" 100544 1.05% Corn— Moy -18% 78% 7814 July -789% 78% .79% Sept. 80% 797.8024 f Oats— May AT 485% 4656 July 45 44% 44K M3 Bellies— May 10.12 VISIBLE. GRAIN SUPPLY NEW YORK, Jan. 21Tho visibie supply. of American grain shows the following changes, in.Dushels. ‘Wheat, decreased 2,071,000, Corn, decreased 72,000. Oats decreased 1,147,000. Rye; *increded 115,000. Barley, decreased 347,000, BOK QUIZZED ON CONTEST AWARD (Continued Froni Page One) ‘There was a laugh from the spec- tators but the question went unan; swered. Senator Reed referred to much of the literature as propa- wanda.” “What is your definition of prop- aganda?” asked Mr. Bok. “Oh, I don't care to’go into that,"” ‘responded Senator Reed. ‘If you don’t’ know what it is, you ought not to be undertaking to regulate the affairs of the worl NEW YORK, Jan. 21.—The de- mand for refined sugar continued of fair proportions and no changes ‘Were noted.in the list which ranged from 8.25 to 8.60 for fine granulated Refined futures nominal. frigerator extras (rigerator firsts 2344 @2415, 2435 7 5 re Starts Tomorrow | You neyer hear of an ocean liner w PAGE SEVEN All Markets Italy Gemand 4.3244; cables 4.33. Belgium demand 4.0544; cables 4.06. Germany demand .000000000023; cables .000000000023. Holland de. mand 26.85; cables 36.90. Norway 18.81. Sweden 3. Denmark 16.15. Switzerland: 17.24. Spain 12.5, Greeco 1.90. Poland .000011. Czecho Slovakia 2.90. Jugo Slavia 1.15%. Austria demand .0014. Rumania .50. Argentina 32.62. Brazil 10,75. Mon- treal"97 7-16. and Belgium francs dropping 9% Points to 4.03% cents. —————— | SILVER NEW YORK, Jan. 21.—Bar silver 63; Mexican dollars 48. Cast AMERICA Oil Production Worth. $300,000 More Daily Now Increases in the pricés of crude petroleum made during the past week are bearing out ctions made in The Oil Gas Journal, on sale to- day at tho news’ stands, that the Oil Industry is entering upon a period of great pros- perity. In addition to the in- creased worth Productton crude oll approxim most over ¥ It behooves every persan terested in each branch of © Petroleum Industry to keep himself informed of the developments in the various field, marketing centers and rt of greatest uDp- tion. The Of and Jour- nal, aptiy styled e Oil Man's Bible,” “through ‘its large corps ‘of trained staf? correspondents, accurately re- rie every feature having a ing upon the entire in- dustry, Its information can be reiled upon. After one of the worst pe- riods. in its history, the Oil Industry ie now entering upon & new era promising great Prosperity. Information con- NEW YORK, Jan. 21.— Foreign exchanges easy; quotations in cents. Great Britain demand 420%. cables 420%; sixty day bills on banks 418%. France demand’ $.43%; cable 4.43% —_———________ NEW YORK, Jan. 21.—British ex- change broke sharply today as a re- sult of the British railroad men's strike, demand bills dropping 2% cents to $4.21%%, the lowest since 1922. Other European exchanges yielded in sympathy, French france dropping 51% points to 4.44% cents, of the daily the value of the storage increased '¥, $100,000,000 st. in th FATE Plays a Hand In Every Mans Game That's anold adage andatrue one. / Fate often dominates men’s affairs. But there is a sure way to provide for the And that way, the only way, is Insurance. future. Insure your Property, your Life and your Family against all misfortune. Missouri State Life Insurance Co. is proud of its record of thirty-two years of unfailing service, and having written over $155,000,000 worth of new business last C. L. KING ‘General State Agent tained in’ The Oil and Gas Journal is indispensable to any one interested in the Ol Business. It ts especially important at this time that ail should keep accurately in- formed of the conditions re- sponsible for the change jn conditions, The ON and sells for $6 per inal pri ceived. copies Gas Journal year—a nom- for the value re- x months $3, Single cents. Published at Tulsa, Okla- homa, the World’s Oil ‘Capital Henning « Hotel; Little Newsstand; Oil Exchange News stand; Natrona News De- pot; Pep’s News Depot No. 2, Brick eee oenta St.; Pep’s Drug s Store No. 3, 138 South Cent Room 5—Consolidated Royalty Bldg. St.; The Smoke House. Life—Health—Accident and Group Insurance And at Leading News stands Everywhere. No Ship Is Safe Without Life Boats - No Man Is Safe Without Insurance ot ithout enough life boats to prote. d a man be sailing the unchartered ance to protect every member of every, passenger! ~Then why shoul seas of life without enough insur his family? Haye you met your obligations to your We handle the very kind of insuranc family, family and your business? V e to afford protection to your business and your property. Our connections are with the oldest and most reli —and we shall be glad to call. ~R. T. KEMP CO. Representing NEW YORK LIFE INSURANCE COMPANY E. L. GOOD, Manager Life Insurance Department your able companies. Phone AMERICA e vec moeare sare wae2rse ee Oe ee ees ~enre-sessmecaOOAA14S64NUAI4A CLNILI OLISEOTPERD SDP Rent aT 8s ne cn ip