Casper Daily Tribune Newspaper, January 29, 1924, Page 7

aie verre rrrveneee ta Oil TUESDAY, JANUARY 29, 1924 Cae rece Finance * Bonds BIG OIL MERGER IS _ GIVEN FINAL OKEH Four Shares of Mutual for One of Continental Is Basis of Exchange in Merger of Two Big Mountain Operators. DENVER, Colo., Jan. 29.—Mem- bers of the board of directors of the Continental Oi! company, formerly ® Standard Ou unit, authorize the 7 anhouncement that a merger of the Continental and Mutual Oi! com- any, a8 proposed by the latter, has their approval. The basis, it was stated, will be four shares of Mutual stock for one share of Continental. Officials.of the Continental intimated that thelr stockholders will have until March 1 to accept or reject the proposal, and pending their de- cision details of the merger plan ere withheld. 7 According to a statement issued by the Continental, an understand: ing as to the basis of the merger was reached at a conference in New York last week which was attended by Officials of both companies. “The Mutual Of company,” the statement sald, “has an authorised capital of $30,000,000, divided into 6,000,000 shares, of which $21,000* 000, or 4,200,000 shares, ts outstand- ing, leaving 1,800,000 shares un- issued. The par value of Mutual ts $5 a share and of Continental $25 a share. There are 400,000 shares of Continental outstanding which, on the basis of the exchange, would require 1,600,000 shares of Mutual. The authorized and unissued stock of Mutual therefore would be suf- ficient for the purpose of exchange.” FALLAGKS SENATE PROBERS TO TAKE EVIDENCE IN SICK ROOM official family unless evidences were Produced of wrong doing on their part. The senate investigation commit- tee also held a brief session this morning to hear a suggestion from Levi Cooke, counsel for Albert B. Fall, that the former secretary of the interior under whose jurlsdic- tion the leases were negotiated, be examined at the home of J. W. Zevely, where he. is confined by ill- meas. Mr. Cooke announced that Mr. Fall's physicians had decided it would bo detrimental to his health for him to leave the residence in his present condition, but they saw no- objection to examination there and recommended that it be “conducted at the earliest con- venient moment.’ The Walsh resolution, up for a vote today, was a substitute for the one he introduced ka ite en to re- place the cancellation measure origi- nally introduced by Senator Cara- way, Democrat, Arkansas. Mr. Walsh's first substitute referred only to’ the Teapot Dome lease held by the Harry F. Sinclair in- terests, but was broadened at the suggestion of Chairman Lenroot of the investigating committee, Sena- tor Norris, Republican, Nebraska, and others, to include the Sinclair storage tank contract and the EB. L. Doheny lease on the California re- serve and his agreement respecting the Pearl Harbor reservoir. The Dokeny contracts were objected to on the ground that his offer to “agree to a settlement’ in connec- tion with his proposal to relinquish them was regarded as making it to indefinite. Delay on the part of the presi- dent in thg selection of the special counsel was attributed, last night in Part to his inability to get in touch with some of the lawyers he was considering for the work. Mr. Cool- idge conferred twice yesterday with Secretary Hughes, who undertook a similar mission during the Wilson administration in connection with the alrcraft investigation, and last night consulted Senator Lenroot, Chairman Hale of the senate naval committee, Senators. Lodge of Massachusetts, and Curtiss of Kan- sas, the Republican floor leaders, and Senator Pepper of Pennsylvania. STORM OF SENATE DEBATE ON TEAPOT BREAKS IN FULL FURY WASHINGTON, Jan. 20—The swirling storm of senate protest against the Fall oll leases embraced today an ever widening circle. With Senate action to disavow the acts of former Secretary Fall as- sured, attempts were instigated on the Democratic side to drive both Secretary Denby snd attorney Gen- eral Daugherty out of the cabinet. After a cavinet meeting at which the whole situation was discussed, Mr, Denby announced he had no in- téntion of resigning and wanted a record vote on the Robinson reso- lution, replied that such a vote would be ‘sought at the earliest possible mo- ment. At the department of justice it was indicated that Mr. Daugherty, who is in Florida, had entertained no intention of retiring from office. A resolution asking for his removal and making references to unprose- cuted charges made both in the veterans inquiry and the’ oll in- vestigation, was drawn up by Sen- ator Walsh, Democrat, Montana. Although he went over the whole ground at the cabinet meeting, President Colidge declared for the present his choice of special coun- wel to prosecute the oil cases, He expects to act after the senate, prob- ably late today, has adopted the ‘Walsh resolution asking for such prosecution, He will ask for Sen- ate confirmation for the men he sc- lects. ‘As during yesterday's session, the senate debate today ran the scale of the entire leasing problem, although the measure immediately under con- sideration was the Walsh annulment resolution. Chairman Lenroot of the oil in- vestigating committee, revealed that the purport of Archie Roosevelt's Sensational] testimony, relating to charges of a $68,000 payment to the foreman of Secretary FaJl's ranch, had been known to President Cool- idge in advance of Mr. Roosevelt's ®@ppearance on tho stand. Senator Lenroot safd Mr. Roose- velt, and his brother Theodore, as- sistant secretary of the navy, had given this .nformation to himself and Senator Walsh on the day be- fore. “T conceived !t to be my duty to aquaint the president of the United States of the information which came to us,” said Senator Lenroot, “and I. cid. so. “The president acted promptly and did everythirg from that time on that any president, Democrat or Republican, could be expected to do, and there cannot be any criticism of the president of the United States for any’ fallure to act.” “Doesn't the Senator know,” asked Senator Ashurst, Democrat. Arizona, “that the country will judge the president's sincerity by the length of time he keeps Edwin Denby in his cabinet?" “That is another matter," re sponded Senator Lenroot. “I am speaking now of the steps the pres- ident has taken to protect the coun- try. The committee chairman said it was but natural that Democratic senators should make the most pol- itical capital possible out of the ine cident. “But when we come to rectify any wrong, if wrong there he,” ha said, “politics should stop. So I did resent and I res-nt now the criticism of the presiuent of an: nouncing his intention io do what they seek to compel him to do by resolution, “Every means possible is going to be taken by senators on the other Side of the aisle to fasten on Pres!- dent Coolidge some culpability, some responsibility for this matter. I venture to say, however, that effort will fail The senator stated that the first “positive information , of fraud’* came before the committee a week ago yesterday in the testimony of Archie Roosevelt. It was on the basis of this information, he added, that the president at once directed the department of justice to observe the proceedings before the commit- tee, a duty for which the department Getailed assistant Attorney General Holland. “It these leases are in fact legal, and valid, if there be no fraud or corruption in connection with them, if the courts shall finally sustain ald of these leases to the two great naval reserves,” Senator Lenroot continued, “it will be due to the un- fortunate language adopted at the instance of the navy department under Secretary Daniels.” The reference was to a pro ceeding by whieh congress ap- propriated $500,000 for storage con- struction and authorized the “ex- change” of cil. This appropriation was inadequate, the senator ansert- ed, {o carry out the plans of the navy, which contemplated an ex- penditure of §102,000,000 for the pur- pose of securing tenkage storage for its reserve oll. “So far as the illegality or want of power was concerned in the mak: ing of contracts," he continued, “the effort to fastep seme stigma upon the president of the United States because of failure to act upon that question is politics and nothing but politics, upon the other side of the chamber. : “I it were not, some senator on that side would have. intro@uced a resolution long before this ®me au- rizing the president to bring uc- tion in the courts to test the valid- ity of the leases because of want of power In. the officers of the govern- ment to makg them.” Allied Chemical & Dye .... 70 American Can .-..22. 2 117% American Car & Foundry -... 170 American International Corp 23% American Sugar 55% American T. and T. 128% American. Tobacco 153% American Woolen 12% Anaconda Copper 38% Atohison” —_-~-s 101 Atl, Gulf and W. Indies -. Baldwin Locomet{ Chile mewecewnnnnnnee 27% Chino Copper ~--..-___.._. Consolidated Gas -1_-__._ Corn Products --..----_-_--_ 183% Gosden ON 2.2 eeee. 97 Crucible Steel --...-... 66% Cuba Cane Sugar pfd -.... 66% Erle ~------------——-.------ 26% Famous Players Lasky ..-- 61% General Asphalt ..-------. 43% General Electric = 213% Genera} Motors -—----.. 14% Great Northern pfa 58 Gulf States Steel — Mlinois Central _. Inspiration Copper International Harvester .... Int. Mer, Marine pfd Internationa! Paper Tavinelb'’e Ofl ----. Kelly Springfield Tire ..—... Kennecott Copper -------.-- Lima Locomotive ~—------.- Louisville and Nashville ~ New York Central --..---. Y., N. H., and Hartford - Norfolk and Western -..-.-- Northern Pacific Pacific Ol Pan American Petroleum B - Pennsylvania - People’s Gas -~ Producers and Refiners Pure Ol] .---—.-... Reading .----------- -------. Repub‘ic Iron and Steel .-.-. Sears Roebuck Sinclair Con Oil ----.------- Southern Pacific -------—--- Southern Rallway -—-.—--. 44% Standard Oil of N. J. ------- 41% Stu(mbaker Corporation ----- 101% ‘Texns Co --..-.-~----—----- 44% Texas and Pacific .---.----- Tobacco Products A -------- Transcontinental Oil -------- Un'on Pacific ----------—-- United Retail Stores ..-.--— U. 8. Ind. Alcohol -..-.—--- Un'ted States Rubber -....-. United States Steel -.—... Utah Copper ‘Westinghouse IS ------ Willys Overland -..---- American Zino, Lead and. Sm. 46 45% 96% 9% 24% 56% 55% 94% 22% 88% Butte and Superior ----.--.. 19 Coolrado Fuel and Iron -—. 27% Montana Power --....-—-.. 63% National Lead -.--.----.- 153% Shattuck Arizona -~----—-- 64 B Anglo -— Buckeye Continental --..--.-... Cumberland ~-...—.-. Minds CRUDE MARKET Cat Creek -—. wane ee =~ $1.55 Lance Creck ----------------- 1.50 Osage ------------+----------- 1.50 Grass Creek, Ught -----~.---. 1.55 Grass Creek, heavy ----.----- .90 Torchlight ~-.+--------eereeee 1.55 Elk Basin Greybull weeewcccncce 1.55 1.55 1.30 1.20 Big Muy --... 1.10 Mule Creek ---~~.. Sunburst --.-. Hamilton Dome Ferris - Notches Lander Butter and Eggs CHICAGO, Jan. 29.—Butter, low- er: creamery extras 49%c; stand- ards 50c; extra firsts 4814 @49c; firsts 47% @48o; seconds 46@47c. Eggs lower; receipts 10,197 cases; firsts 3584 @39c; ordinary firsts 35 @36c; refrigerator extras 27c; re- frigerator firsts 26@26%c. See Don't forget to get your order in to the Tribune for several copies of the big Annual Industrial edition so that you can send them back home to your friends. thereby advertising the state, Telephone 15 and 16, + - 26 cepemerecer 0 Central Pipe 2.20 Consolidated Royalty — 1.37 Cow Gulch mae AS Preston - Red Bank -—------- 6.00 Royalty & Producers - .09 Sunset -.__ ony A Tom Bell Royalty .--. Western Exploration Western Of! Fie'ds -. Western States ---.-- NEW YORK CURB Mountain Producers — Glenrock Of -... Salt Creek Prds. Salt Creek Cons 8. O. Indiana --~. LIVESTOCK Chicago Prices. CHICAGO, Jan. 29.—(U. S, De- partment of Agriculture.)—Hogs— Receipts, 54,000; slow, mostly l0c higher to shippers and yard traders; small packers filling limited -orders; blg packers inactive; bulk good and choice 250 to 300 pound butchers, $7.15 to $7.20; top, $7.25; better grades 170 to 210 pound averages. mostly §7,00@7.10; desirable 150 to 160 pound averages, $6.75@6.95; few packing sows, $6.40@6.50; killing Pigs, slow; bulk strong weights, 25.25@5.50; few choice 130 pound averages up to $6.00; heavyweight, $7.10@7.25: medium, $7.00@7.20; light, $6.70@7.15; light ight, $5.75@ 7.10; packing sows, smooth, $6.50@ 6.65; packing sow: hy, 6.50; slaughter pigs, $4. Cattle — Receipts, 8,000; killing classes, active; mostly strong to 25¢ higher; in-between grades beef steers and desirable beef heifers showing most advance; Killing qual: ity rather plain; bulk fed steers, $7.75@9.75; with several loads $10.00 early top handy weight steers, $11.25; some about 1,350 pound averages, $10.85; relatively few plain offerings below $7.50; liberal share last week's decline re- gained; bulk beef heifers, $5.50@7.00; several lots $7.50@8.25; most fat cows, $4.50@6.25; bulls, strong to 15e higher; fed heavy bolognas, $5.35 and above; bulk sausage bulls, $4.85@5.25; vealers, uneven; ship- pers paying upward to $14.50 and above; packers taking bulk at $11.50 @12.00; trade mostly 25c higher; spots more; stockers and feeders, slow. Sheep—Recetpts, 14,000; active; fat lambs, fully steady; yearlings and sheep, generally steady; spots strong; feeding lambs, steady; bulk fat wooled lambs, $13.50@14.00; several decks, $14.15; choice year: ling wethers, $12.10; choice fat ewes, $8.50; few medium kinds, $6.00; culls, downward to $3.50; feeding lambs, $13.00, Omaha QJuotations OMAHA, Neb., Jan. 29—(U. 8. De- partment of Agriculture)—Hogs. Receipts 21,000; slaw; mostly steady bulk $6.70 to $6.80; top $6.85; 180 to 210 pound weights $6.50@$6.65; sows $6.35; average cost yesterday $6.65; weight 210. : Cattle. Receipts 3,500; fed steers and yearlings fairly active; strong to 150 higher; best steers $9.35; some holdings higher; eariy sales fed steers and yearlings $.00@9.00; bet- ter grades fed she stock fully steady; others slow; vealers steady to 25¢ higher; bulls stockers and feeders steady; bulk butcher cows and hei- fers $4.00@$6.50; canners and cut- ters $2.25@$3.50; bulls $4.00@$4.50; vealers tO packers $9.50@$10.00; few .25; bulk stockers and feed- ers $6.25@$7.00; one load feeders averaging around 750 pounds from Denver sold out of second hands late yesterday at $8.50. Sheep. Recéipts 16,000; market active; killing classes mostly 10 to 15s higher; desirable weight wooled lambs $13.50@$13.75; top $13.80; clipped lambs $11.50; light and handy welght ewes $8.00@$8.25; good to cholee 88 pound yearlings $12.00; feeding lambs fully 25c high: er; top $13.30. Denyer Prices. DENVER, Colo., Jan. 29.—(U. 8: Department of Agriculture.}—Hogs —Receipts, 3,800; early sales steady to 10c higher; Iate bids weak; oné load choico medium weights for serum purposes, $7.15; bulk of good to cholic: medium weights, $6.85 to $7.00; few loads medium grades $6.70 to $6.80; packing sows, steady, mostly #5.75; fat pigs, steady, most: ly $5.50; few stock pigs, $5.25. steady, Cattle—Receipts, 900; calves, 50; fat she stock, steady to 25c lowe! Plain to good heifers, $5.60 to $7.10; Plain to good cows, ¢ \ calves, strong; best ve to $10.50; other classes load beef steers, $8.10; $2.00; bulls, §4.50 down; stock steers, $4.50 to $5 feeders sold early. Sheep—Recelpts, 3,600; fat lambs; OTOGK TREND STILL UPWARD Some Irregularity Develops But Main Movement Is Higher NEW YORK, Jan. 29.—Stock prices developed considerable irregu. larity in today’s early trading but swung upward toward the close under leadership of American Can which established a new high record for all time. Sharp reactions took Place in a number of tho high priced industrial issues but many of them made good recovery later. Sales approximated 1,100,000 shares. NEW YORK, Jan. 29—Confiict- ing price movements took place at the opening of today’s stock market with heavy profit taking being noted in some of the high priced issu. General Electric, National Lead, Famous Players and American Tobaceo each opened about a point lower. Most of the domestic oils were firm but the Pan-American issues and Sinclair were again under pressure. Prices strengthened in the later trading on a renewal of buying of General Electric, U. 8. Alcohol and debaker, which cancelied their losses. Some of the ordinarily tive specialties developed special rength, Sears Roebuck, Cuaymel Fruit, Century Ribbon, American Waterworks six per cent preferred. Fisher Body and Air Reduction all up 1 to 2 points. Phillip Morris and Cuba Cane Sugar preferred also advaneed a point each. Marland and Central Leather preferred were heavy. Foreign exchanges opened higher. Selling orders predominated a!ter midday, free offaring of many of the popular shares undermining the market. General Blectric, Davi: son Chemical and Woolworth sold 4% points under yesterday's fival figures. Pressure relaxed ta‘er when recoveries O-curred of one to three points in Anverican erican Woolen, Davison General Electric and Corn Products The closing was irregular. Buoy- ancy of American Can, which crossed 119, induced extensive short covering in tho late dealings with sharp recoveries taking place in Corn Products, the Pan-American issues, U. Alcohol and Pacific Oil. EXTENSION OF FINANCE ACT GRAINS SCORE SLIGHT GAINS Late Rally Saves Corn While Wheat Climbs On Crop Damage CHICAGO, Jan. 28—General com- mission house buying brought about @ fresh advance in the corn market today soon after the opening. Some wavering which took place at the start was due to reports from hand- lers here apparently indicating a little more Ifberal crop movement toward Chicago. Purchasing or- ders for future deliveries, however quickly Geveloped in large volume and values moved upward. The opening, which ranged from a shade to %{ lower, May 79% to 79%c, was followed by an advance to well above yesterday's finish. Wheat and oa! responded to corn’s strength. After opening un- changed to %c higher, May $1.09%% to $1.09% and July $1.07%, wheat scered slight gains all around. Later the fact that snow covering fer winter wheat over a wide ter- ritory has been lost, led to feags of damage from a sudden drop in temperature. Tho close was firm, % to %o net higher, May $1.09% to $1.10 and July $1.07% to $1.08, Oats started at a shade lower to ‘gc gain, May 48% to 48%c. Later, all the mont ywed something of an upturn Provisions were firm in Ine with grain and hogs. Subsequently buying support gave out temporarily, but the. market rallied again at the last Prices closed unsettled, at a shade to % @c net higher, May 80% to 80%. Open High Low “Close WHEAT— May 1.091% 1.10 109 1.99% July 1 1.08 1.07% 1.07% s. 1.087% 1.07% 1.06% 1.07% 30% 791% 80% 80% 80% 81% ‘ 48% 16% Asb 11.80 11.32 9.72 ; p) BELLIES— May 9.97 July_... =-10.20 Cash Grains and Provisions CHICAGO, Jan, 29—Wheat num- ber 8 red 1.10%: number 2 hard 1S PROBED WASHINGTON, D. C., Jan. 29— (Special to The Tribune}—A bill which if passed will extend the pres- ent War Finance corporation act from March 31, 1924 to January 1, 1925, was today introduced in con- gress by Senator-Francis E. War- ren of Wyoming. The bill provides for the making of new loans or the renewal of old loans until next January 1, and a continuance from time to time of Such renewed loans to the extend of three years thereafter, excepting that no loans are to be carried more than three years. SUGAR NEW YOORK;, Jan. 29—Refined sugar was firmer and prices were unchanged to 25 points higher. Only one refiner is now listed at 8. While others quote from 8,50 to 8. for fine granulated. The demand continues active. ip Refined futures nominal. wea alee Mee Foreign Exchange NEW YORK, Jan. 29—Foreign ex- changes easy; quotations in cents. Great Britain demand 4 Cables 425 15-16; 60-day bills on banks 423 7-16. France demand 4.58; cables 4.58 Italy 4.35; cab- Tes 4.3515. - Belgium demand 4.070; cables 4.08. Germany demand 000,- 000000023; cables 000000000023. Hol- land demand 37.22; Norway 13.74; Sweden 26.25; Denmark 16.24; Swit- zerland 17.27; Spain 12.75; Greece 1,95; Poland .000013, Czecho Slo- vakia “2.88; Jugo Slavia 1.07; Aus- tria .0014; Rumania ,50%; Argentina $2.87; Brazil 10.97, Tokio 45; Mon- treal 97 342. SILVER NEW YORK,, Jan. 29—Extensive Feadjustment of speculative ac- counts imparted considerable trreg- ularity to the morning trading. Heayiness of Atchison and New York Central, whieh were Strong yesterday, had a somewhat restrain- ing effect on buying of other stand- ard rails end industrials although pools were again active, particularly in several specialties. General Baking, Air Reduction, Omaha, Houston Ol and Century Ribbon $1.09% @$1.14%. Corn number 9 Livestock : Czechoslovak Rep. $s., ctf# -—._. Dominion of Canada, 5s French Republic, Tis Japanese, is Kingdom of American Smelting 6s American Sugar 6s tr., Ss A At. T. and San Fe., ge. 4s Battimore and Ohio cv., 4% Bethlehem Stee! con 6s, Series A Canadian Pacif.c deb., 4s Chicago, Burington and Quincy Chicago, Mil, and St. Paul, cy. Chile Copper, 6s x Goodyear Tire, $e, Great ..orthern, Montana Power Northern Pacific, ret Northwestern Bell Pacific Gas and Electric Penn. R. R, Gen Sa — Sinclair Con. O1l., co Southern Pacific ev Union Pacific First, U. S. Rubber, 6s ny Powe and Y vent Western Union, 6% — Westinghouse Electric, Wilson ane Company, |e Gas for Fuel. Drilling was resumed Saturd the Fort Collins well of the Union Oil company in Colorado, following the connection with the big Welling ton gasser for a supply of fuel. The well was spudded a month ago, with coal being used to fire the boiler. The completed gas line ts about 14 miles long, Gas traps were installed at the Wellington well, but have been found too small and will be replaced by larger ones as soon as convenient. Helium in Utah. (Utah) test of the ah Oll Refining mixed 781;@79c; number 2 yellow 80% Cc. Oats number 2 white 4814 @49%c; number 3 white 47% @43\c. Rye number 3, 71!3c. Barley 63 @80c: timothy seed $6.50@$9.00; clover seed $18.00@$24.00. Lard $11.35, Ribs $9.50. Bellies $9.50. Flour | MINNEAPOLIS, Minn., Jan. 29 -Flour unchanged. Bran $25.50@ 00. LIBERTY BONDS NEW YORK, Jan. 29—Liberty bonds closed: 3%s $99.13. First 4s $99.11. Hirst 4%s $99.14. Second 4%s $99.13. Third 4%s $99.31. Fourth 4%s $99.15. U. 8. govern. ment 444 $100.7, DENBY NOT T0 RESIGN, SAID (Continued trom Page One) Reading Secretary Denby's state- ment to the senate later, Senator Robinson, of Arkansas, the Demo- eratic leader, declared the secre- tary was entitled to vote on the resolution.” “Let me say," he added, “that every effort which I can make to secure a record vote will be directed to obtaining it just as soon as pos- sible,” “This is an issue that will not down, The record shows that af- ter congress reposed the responsibil- ity for these reserves in the. secre- tary of the navy, he acquiesced in, consented to, and approved the transfer of these reserves to the control of a department where he knew the policy of congress wou'd be deliberately and wilfully disre- garded.” Auto Tragedy Charged to Carelessness CHEYENNE, Wyo., Jan, 29— That the automobile accident S9ld 2 to 4 points above yesterday's closing prices. Selling prossure was effective, however, against Phil- adelphia Coal and Iron, Corn Pro- ducts, American Woolen, Wool- Worth and Central Leather preferr- ed, off 113 to £ points. Call Money opened at 4% per cent, the higher rehewal rate being due to morith end requirements. es mostly 25.to 35c $13.15; others $13.00; no sheep nor feeder lambs s0ld early; few loads late in arriving. which Sunday night resulted In the death of Miss Idith Haight, pub Ne hospital nurse, “was caused } the reckl driving of Dr. 1b. McGrath,” is charged in a coro. ner’s verdict filed today. Miss Haight died from a fracture of the skull sustained whin the machin ch she was riding with D | The .cheapest -place in town to buy your floor covering. Hunter- Goll’ Co, 241 W. First. Phone 986J, {Continued from Page One) work, 80 great is the need of addi- tional space, the speaker said. Some measure should be taken for relief before July 1, so that actual construction might be started at that time, according to the com- mittee, It 1s understood that some relief has been offered after that date. According to the ecmmittee al a new federal building should con- tain space for the Bureau of Mines, the U. S. Veterans’ bureau, and all other departments of the fedcral government which are located in Casper, Work on the Burlington subway will start about March 1, if the frost is Out of the ground at that time. Mr. Brooks who was also chair- man of the committee to further that proposition read a report on the success of the undertakirg. The Chamber of Commerce fostered the Burlington or McKinley street subway and has been working hard for many months in an effort to put ft across. It secured the co-operation of the railroad officials and the-city council and as a result the subway will be constructed at & cost of $81,000. Charles B. Stafford, secretary of tho Chamber of Commerce and -a member of a committee to investi- gate the garbage disposal problem, read the report of that committee. detailing the many methods which are used in different cities. The committee recommended that no system be adopted until a complete investigation was made. Immediate recommendations were to the effect that the city should enforce the ordinances requiring tight cans and tight wagons for hauling as well as the law prohibiting dumping garbage on the outskirts of the city and along highways. All the dumping resources of the city should be thor- oughly investigated and a competent consulting engineer employed to study the problem from the Casper standpoint. Earl D. Holmes, chairman, of the irrigation committee, made a verbal report. The status of the Casper irrigation’ project has. not changed recently. Frank C. Emerson, state engineer, will probably be in Cas- Per at some time in the near future to go over the matter. Some method for getting the project completed at a reasonable cost wil’ have to be worked out so that the ¢-:barrassing position in which farmers under other projects nave been placed may not be repeated here. MONEY NEW-- YORK, Jan. money easier; high, ruling rate, 4%; closing bid. offered at 4%; last loan, 4%; loans against acceptances, 4; time loans, easy; mixed collateral, 69-90 days, 41444%; 4-6 months, 4% @4%; prime commercial pa 4% G5. ria chine eal Flax DULUTH, Minn., Jan. 29—Close flax: January $2.45%; February $2.45%4; May $2.46%, a ewer eer ret., 68 A... ss Market Gossip and Briefs On Operations in Oil Fieldy Gas coming from the Woodside | All men Interested in the ofl indus POSTAL RELIEF. (TREASURY BIL WILL BE URGED) (5 INTRODUCE company contains helium, accordins to a wire from the bureau of mine to which samples of the gas wer), sent. The present depth of th hole is 3,265 feet, with the bit in : sand. . The helium flow waa struch at about 3,120 feet. With 2,000 fee, of water in the hole, drilling will b< continued for ofl. Petroleum Club Meets. This ning at 8 o'clock the Wyo ming Petroleum club will meet a the county court house. An inter esting program has been prepared try are invited to atten (Continued from Page 1.) Of the postoffice allotment, ma Jor items are $124,937,100 for cler! hire in the first and second clas Postoffices; $87,000,000 for the pa: of clty letter carriers; $104,450.00 to pay railroads for the transports tion of mail; $47,400,000 for th« maintaining,of the rallway mail ser vice and $5 000 for the pay o rural letter carriers. Airplane mai service is allotted $1,500,000, thy] amount it was voted a year ago. In its report the committee point ed out in comparing totals witi; thése of last yeur that the bill doe: not carry the $240 bonus granted, clerks for the current fiscal year. T| also declared that the increused ap Propriation for enforcement. of the Prohibition and narcotic laws woul enable the treasury to employ $0¢ additional prohibition agents an: 145 more agents to be used in pre venting the iliega: use of narcotics! “In the bill is an item of $51,6¢ entitled “floating éxpenses" whticl the report explained would-be use costing from $3000 to $5000 for us: against rum. runners, The increased volume of iny the report said, makes it imperativ that additional funds be granted th. customs, service. The amount rec| ommended it was said, would plac: 1,128 additional employes on ‘thy payroll—259 of them at the port o New York—bringing the field fore: of the customs service up to &8,55!! employes. Discussing postoffice departmen revenue, the report said that for th: current fiscal year which ends Jan 30, it would approximate $568,680,00( leaving an estimated deficit of abou 00,000. Revenue next year, i was estimated, will increase 7.5 per cent, On the basis of the appro Priation carried in tho bill, thi: would entafl a deficit of slight! More than $2,000,000 next year. METALS NEW YORK, Jan. 29—Coppér— Quiet; electrolytic, spot and nearby 12%@ é Tin—Easier; spot’ and nearb; 48.50; futures, 48.25. Iron—Steady; prices unchanged. Lead—Steady; spot. §.00@8. Zinc—Quiet; East St. Louis spot and nearby, 6.50, Antisony—Spot, 10.50. POTATOES CHICAGO, Jan, 29, Weak; receipts, 48 cars; total U. S shipments, 582; Wisconsin sackec round whites, $1.20@1.35; few fancy $1.40 & sacked roun whites, Idtitho sackec Russe + Poorly graded + Potatoes RRS ale and Scotch Caps iur close cut price $1.2: Furbanded to $3 values, e Jessen Brothprs Co. 115-E. enon Mi to purchase fast motor launches} : All Markets | = t