Casper Daily Tribune Newspaper, February 1, 1924, Page 9

FRIDAY, FEBRUARY 1, 1924 EXECUTIVE CHANGES IN BIG OIL MERGER ; ; 26 ; ; 12 * =! 1.25 Edward T, Wilson of Continental to Be Chair- a8 . 2 man of New Board of Directors of os Mutual-Continental Combi ‘Amerfoas 25 ul inen ombine. ‘Aipacicas renee Z 2.25 Anaconda Copper —._______ aa Atchison -._.... a : A readjustment of executives in| directors of the new Mutual com- a eae az the ‘recent | Mutua! Oll-Continental | pany. Oscar 1H. Willams, naw | Atl; Gulf and W. Indies --_- “06 Oil merger is being made, according | president of the Mutual, will remain Balt a Ohio... 58 tg a press report from Denver] as a director. Bothishena brah 6.00 ich says: ‘One of the largest problems to 08 “Reports from New York on/|be solved in the grouping together Thursday stated that fe oan of these companies is the matter -20 zation of the official of the} of personnel, especially in the mar- eT oe “03 Mutual Oll company, incident to its | keting division and the elimination Cateye ES 1.75 purchase of the controlling interest | of plants that are competitive. The wae Toate in the Continéntal Oil company, Ed- ward T, Wilson, who has for many Chesapeake and Ohio --_.__ Kansas City office of the Mutual Chi and Nortt = New York Of] ~-.---12.25 will.be abolished and in its stead a 12,37 Low Priced Oils Among Issues Recording Gains In New York NEW YORK. Feb. 1—Mixed price movements took place tn today’s ac- ‘uve stock market. Strength of the steels, tobaccos and certain low Priced oils and rails were counter- acted by the weakness of rubbers and chemicals, Sa'es approximated 1,100,00 shares. NEW YORK, (Feb. 1.—Stock prices displayed a strong undertone at the opening ef today’s market. Southern railway established a re- cord top for all time at 47% and cago, 01% | United Sta 5 cross- years headed the Continental, will | sales division will be maintained ih ceieaee aoe Ape wea “The Mire to the Sitebant Date ce last become ce! h of the board of | that city. All executive officers will | Crise Monee oo ie 6.00 | April, Marine preferted, Chandler, directors Sidney H. Keotfghan, | have their quarters in Denver, using Ghia Oops SS 98% |Computing. Tabulating and Record. at present chairman of the board | the Continental Oi! building as far Consolidated Gs See 03 ing and DuPont each advanced a of the Mutual company, will become | as possible and other locations until corn -Pradesae Ren Tom Bell Royalty —- 02.03 | point or so. Pan-American iasues president. ich time as adequate space under = Western Exploration 4.00 4.50 [and Davison Chemical were heavy. ‘William H. Ferguson, general }one roof can be obtained. ‘ Western ‘Oll Fie'ae .. .25 26 Tobacco and automotive fesute counsel of the Continental Oil com- “In many localities, especially in Wyo-Kane . .-...-_. .65 5 gave the best demonstrations of pany, will be vice president of the| Montana and Wyoming, the two Western States -....-. .26 8 |group strength, gains of 1 to 2 Mutual company and George F.| companies have been active com- ¥. OM -------------- +09 points being recorded by Schulte. Smith, who is secretary and treas.| petitors. Under the changed con: —— Lorillard, American Tobacco, To. urer of the Continental will fill the'| ditions it wil! be necessary to.aban- | General Asphal NEW YORK CURB OLOSING | bacco Products, Hayes Wheel and same positions with the Mutual |don numerous filling and bulk sta-| General Electric - , Bid Ask) Mack Truck. ‘Other strong spots company. James G. Stanley, vice} tions. It is probable that those Giant “Norther ta Mountain Producers - 17.50 17.62] included crucible § and Savage president of the Mutual, will con-| owned by the Continental company Guit Bt trol bras Glenrock Of] _- 50.55 | arms, each up 2%: Remington Type tinue as a director and will act’as'| will be retained and the others dis- | G¥f States Steel ‘ ? 2 ; Salt Creek Prds. Salt Creek Cons. Mutual ..-.. 8. O. Indiana -. LIVESTOCK Illinois Central Inspiration Copper -. International Harvester _ Ynt. Mer. Marine pfd ...___ International Paper -_...._ Invinefble Of] ---2---.- Kel'y Springfield Tire -.... Kennecott Copper ----.-__._ Lima Locomotive ---..__. Louisville and Nashville Chicago Prices. Mack ‘Truck .. CHICAGO, Feb. 1—{U, S. Depart- Marland Ou ment of Agriculture.)—Hogs—Re- Maxwell Motors -..-..-- ceipts, 47,000; mostly steady, with Middle States Oi -- yesterday's. best time or strong to Missourl, Kan! & Tex., new. Sc higher than Thursday's averag Missouri Pacific pfd. —.-. ght weight in best demand; fancy pelts, altho northwestern| New York Central weighty butchers, slow; bulk good Iowa, Kansas, Nebraska, and Okla-| N. ind choice 228 to 300 pound butch- homa pelts can be had from $1 to Fi arte i: rca anette cake $2.50. A large lot of fancy dayk 160 to 210 pound averages, mostly martin brought $65 for the finest $6.90@7.05; bulk packing sows, $6.30 pelts. @6.50; slaughter pigs, unchangi bulk strong weight, $5.50@5.75; big packers inactive, talking lower; heavyweight hogs, $7.00@7.15; me- dium, $6.95@7.1 ight light, smooth, general counsel. “In the make-up of the director- ate. posed of, as most of the Continental company’s stations are held in fee while the majority pf the Mu- tual establishments are on leased ground.” Trade News in Commodity Markets of Country the Mutual interest will be dominant, although several members of the Contipental board will be ¥., N. H. and Hartfora orfolk and Western Northern Pacific Pacific Oil Pan American Petro'eum B — Pennsylvania ex div. —--. Lumber NEW ORLUANS, Feb. 1.—Orders for yellow pine have shown a re- markable increase since Jan. 1. ‘hey have jumped from an average of 70,000,000 feet a week in Decem- ber to 109,000,000 feet in the middle of this month. The latter figure was 35 per cent above production. Prices have advanced from $1 to $3 a thousand, on SHRFVEPORT,. Feb. 1. — The Lousiana Oil Refining corporation has opened the first unit of its new cracking plant here which will have a daily capacity of 4,000 barrels, and a plant for making lubricating oil which will handly 800 barrels daily. ‘The corporation claims it will turn out a lubricant which will remain fluid at zero. 3 Reading -. eaen naan enn -- Republic Iron and Steel Sears Roebuck $5.75 @7.0 $6.40@6. VANCOVER, Feb, 1. — British Columbia lumber mills are extreme- ly busy on English orders which the last fortnight have averaged around 5,000,000 feet a week for shipment thru the canal on British boats. Buy- ers on the Atlantic seaboard of the United States also have placed or- ders here for early water delivery. Pigs, $4.50@6.00; Southern Railway -.-...... Standard Oi lof N. J. ---_.- Studebaker Corporation Texas Co. Texas and Pacific ‘Tobacco Products Al ‘Transcontinental Oil Union Pacific -----.--.._.. U, 8 Ind. Alcohol ~~... United States Rubber -. United States Steel --/-.___ Utah Copper ~-------______ Westinghouse Electric -..... Willys Overland ~......._. American Z'nc, Lead and Sm. Butte and Superior —__ Co*’orado Fuel ana Iron Montana Power - National Lead Furniture NEW ORLEANS, Feb. 1.—Local furniture manufacturers have reduc- ed prices on all lines except iron beds from 5 tc 10 per cent and now claim their prices are 15 to 20 per cent lower than those listed at the Grand Rapids and Chicago furni- ture shows. Retail sales are well ahead of last yearr, Livestock KANSAS CITY, Feb. 1.—The de- mand at the local stockyards for stocker and feeder cattle fas been lighter than for some time. Farmers who usually buy those grades hav been kept from market by cold weather and bad roads, of value to sell at $7:50@9.50; early top yearlings, $10.50; fat she stock, Weak to 25c lower; canners and cu’ ters, 10 to 15c off; bulls showing similar decline; veal calves, uneven, mostly $10,50@11,00. to packers; few upward to $11.50; outsiders buying sparingly at $12.00 downwar. jtock- ers and feeders, steady to wea! Sheep—Receipts, 9,000; active; fat lambs,. strong; sheep-and feeding lambs, steady; bulk fat wooled lambs, $13.50@14.1 one deck to city butchers, $14.40; good fat ewes, $8.00; no choice kind offered; few sales feeding lambs, upwards to $13.80. BIDDEFORD, Maine, Feb. 1.— Fresh orders have encouraged cot- ton mill owners here, and many idle looms have been started. Some departments of the Pepperell and Laconia mills which have been on a 3-day a week basis have increased their schedules, Leather PHILADELPHIA, Feb. 1.—De- mand for belting butts is the feature ef the local leather market at pres- ent, and sales are being made on a basis of 60 cents for number one. Black kid is in good demand and the new crop of goatskins is attracting buyers in this section. OMAHA, Neb., Feb. 1.—(U. 8. De- partment of Agriculture.)—Hogs— Receipts, 13,500; fairly active; steady Cont BISMARCK, N. D., Jan. 31.— Lignite coal production in this state broke all records in the last year. —Anglo 16 16% Furs’ CHICAGO, Feb. 1.—Demand for Production totaled 1,435,605 tons |2uckeye ---------.--_- Tl 71% | to 5c higher; bulk $20 "to '300: pound fine skunk skins has been so active| compared with 1,157,828 tons in 19224Continental -_______ 49% pd bade ont Saatleh coset casa baad pe, here that eastern firms have recent-|and 695715 tons in 1921. The value| Cumberland —-_______ 74 aa TBO staEIan pour path: beg pay ly pala a 3 it) was $3,742,413. A 4 Jy paling high as'$4 and. 44.90 tor of the 1888 output. Was) $9,762413. Indianay -.--------- 99 994 | 6.40; packing sows, $6.20@6.30; aver- ; Nat. Tran. ------_-__ 24-24% |age cost yesterday, $6.62; weight, N. Y. ‘Tran. -.-.-- Nor. Pipe Ohio Oil Praivie Oil Prairie 244. Cattle—Receipts, 2.700; fed steers and yearlings, moderately active, steady; bulk, $7.85@3./5; top steers, average 1,325 pounds, $9.35; handy weight steers, $9.25; she stock, dull, steady to weak; bulls, 10@15c lower; heavy calves, 250-lower; light and medium weights, steady; stockers and feeders in light-supply, steady; bulk butcher cows and heifers, $4.00 @6. canners and cutters, $2.25@ 3.50; bologna bulls, mostly $4.00@ 4.25; beef bulls, $4.50@4.75; vealers, $9.50@10.50; bulk stockers and feeders, $6.25@7.00. Sheep—Receipts 3001 classes. generally steady; early fat lambs, $13.40@13.60; medium quality Hight ewes, $7.75; feeders, Scarce. American Woolen Opening Holds Surprise in Price Strength; Wools Are Firm BOSTON, Feb. 1.—The Commer- ial Bulletin will say tomorrow: “The opening of initial lines of Boods by the American Woolen company on Thursday at prices substantially on a par with the prices fixed for heavyweights a year ago has been a matter of sur- Prise to the most of the members of the trade. The response of the buy- ers to such attractive prices can hardly be determined as yet. “The wool market is very firm both here and abroad, with fine Woo's’ showing a strengthening ten- dency. Reports from the west are to the effect that some further at- tempts have been made at contract- ing with small results. “Mohair ig steady, on moderate demand ” The Commereia! Bulletin will pub- sh the following wool quotations tomorrw: Domestic: Ohio and Pennsylvania fleeces: delaine, unwashed 54@57c; fine unwashed 50c; one-half blocd combing 56@57c. three-eighth blood combing 56@57c. Michigan and New York fleeces: Solar Ref.” Sou" Pipe --------—_,- 8.0, Kan. -----.-.. 8. O. Ky, --------—-- 8. 0.-Neb. 8. O. N. ¥. 6. O: CUS ae Vacuum delaine, unwashed 54@5Sc;fine un- washed §48@49c; half blood un- washed 54@56c; three-eighth blood unwashed 65@56c; one-quarter blood unwashed 53@54c, Wisconsin, Missourl and average New England: one-half blood 53@ S4c; three-eighth blood 55@56c; one- quarter blood 52@53c. Scoured basis. Texas, fine 12 months $1.30@1.35; fine eight months $1.15@1.20. California, northern $1.80@1.35. middle country $1.15@1,20; south- ern $1.05@1.10. Oregon eastern number 1 staple $1.35@1.40; Zine and fine medium combing $1,80@1.35; eastern cloth- ing $1.15@1.20; valley number 1, $1.20 @1.25. Territo Montana fine staple choice $1.40@1.42; half blood comb- ing $1.28@1.32; three-eighth blood combing $1.10@1.15; one-quarter biood combing 95@97c. Pulled delaine $1.35@1 $1.25@1.30; A supers $1.15@1.20. Mohair: Best combing -78@83c; best carding 70@75c. [sucar 7 NEW YORK, Feb. 1.—Refined su- gar was unchanged 8.50 to 8.75. for fine granulated. Refined fu- tures nominal. S. O..Ind --..-__.... 66% 66% CRUDE MARKET Cat Creek -—. $1.55 1.50 1.60 1.55 80 1.55 1.55 1.55 1.30 - 1.20 1.10 -70 .70 1.15 Denver Prices. DENVER, Colo., Feb. 1—(U. S. Department of Agriculture.}—Hogs —Receipts, 1,300; generally steady; quality mostly good; several loads good medium, weights, $6.75; few lots’and drive-ins, down to $6.60; few medium light lights, $6.25; pack- few $6.00; desirable stock pigs, $5.25 to $550. Cattle—Receipts, 100; calves, non medium heifers, $6.00; can- 2.00; odd bulls, . $4.50; few 1.40 | COWS, $4.25; medium stock _ steers, 1.70 | $6.25; few calves, $10.00. down. i 5 Shoeep—Receipts, 5,000; fat lambs, steady to weak; early bulk 82 to 90 pound ayerages, $13.00 to $13.10, freight paid; féw $12.75. flat; no sheep or feeder lambs sold early. —o—_—____ Butter and Eggs CHICAGO, Feb. 1,— Butter, lower; creamery extras, 4940; stand- ards, 50c; extra firsts, 48% @49c; firsts, 47% @48c; seconds, 46@47c. Osage mew ewnen ane - == Grass Creek, Nght ~-------___ Grass Creok, heavy ~~-------- Torchlight Elk Basin ~. Greybull a Rock. Creek 2. Salt Creek Big. MuMy Mule Creek ~~~... Sunburst -.....--.----- Hamilton Dome ~.-~.-.--..... Ferris Byron Notches Pilot Butte ---------_---_.--.85% Lander +70 AA _ METALS NEW YORK, Feb. 1—Copper quiet; electrolytic, spot and nearby 12% @12%. Futures 12% @%. Tin steady spot and nearby 49,25 @49.59; futures 49.00. Iron quiet; prices unchanged. COTTON NEW YORK, Feb. 1.—Spot cot- ton, quiet; middlings, 34.00. Eggs. higher; receipts, 6,296 cases; Scalp Treatment Sugar futures closed firm; ap-| Lead firm, spot 8.15@8.50. firsts, 40c; ordinary firsts, 36@37c: Harper Method proximate sales, 46,000 tons. March,| Zinc steady; East St. Louis spot refrigerator firsts, 27@28c. —__— Flour . MINNEAPOLIS, Minn., Feb. 1.— Flour unchanged ‘to. 15¢ higher: family patents 640@6.00. Bran 25.50 @27.00. and nearby 6.55@660 Antimony spot 10.25@10.50. en SEND IT TO THE PEARL WHITH LAUNDRY PHONE 1702 5.25; May, 5.31; July, 5.36; Septern- ber, 5.40. Shampooing, Facials, Marcelling ; Manicuring Home Appointments Mrs, R. Colby PHONE 1665 Flax DULUTH, Feb. 1—Close February 2.50%; May 2.51%. light, $6.60@7.10; packing packing roygh, $6.15@6.40; slaughter Cattle—Receipts, 7,000; slow; beet steers, steady to weak with Thurs- day's close or weak to 25c lower than’ yesterday's average niifket; lower grades showing most decline; killing quality plain; most fed steers w er and G t tes Steel up 2 each, and St. Louis Southwestern common and preferred, Allied Chem. teal Cerro De Pasco American Woolen, famous players, Cuyamel Fruit and American Hide and Leather preferred, each up a point or more. American Can dropped-a point on profit taking and Fisher Body slumped 2. Foreign exchanges opened firm, Persistent selling of Davison Chemical which extended its loss to 2 points and the Pan-American issues each off 1, temporarily checked the upward movement. With exception of the steels and few {solated rails and specialties, the general list showed a tendency to sag when the initial burst of buy- ing had abated. Rubbers again turned heavy on reports of tire cuts, Kelly Springfield dropping 2 points, while the Liggett and Myers ‘TobaccowfRsues broke 9 points each in reflection of an additional stock issue. Texas and Pacific, up 1%. assumed the leadership of the rail- road group. Otis Elevator advanced 3 points and Bethlehem Steel 2. Some of the minor oils developed independent strength notably Mexi- can Seaboard, White Eagle and Barnsdall A which sold 1 toi points above yesterday's final prices. Call money opened at 4% per cent. The “Big Four” spares figured only inconspicuously in the early afternoen dealings, Baldwin, Stude- baker and American Can. ruling under yesterday's final prices, while United States Steel merely held its own despite the pronounced strength of the independent steel stocks. Low priced railroad shares followed the advance in New Haven to 20. The closing was trregular, Am- erican Can touched a record new high at 122% before yielding’ to Drofit-taking in the last hour. Fresh selling also broke out in the Pan- American issues which dropped about two points each, SILVER NEW YORK, Feb. 1.—Bar silver, 63%; Mexican dollars, 48%. posemeeadiuac chek iat ony Foreign Exchange NEW YORK, Feb. 1.—Foreign ex- changes firm; quotatigna in cents: Great Britain demand 433%; ca- ‘Dies 433%; 0 day bills on banks 431%. France demand 4.72; cables 4.72%. 1 @emand 4.37; cables 4.37%, Belgiuw: demand 4.17%; cables 4.18. Germany demand .0000000000- 28; cables .000000000023. Holland de- mand 37.58; Norwav demand 13.52; Sweden demand 26.31; Denmark de- mand 16.28; Switzerland demand 17.4. Spain demand 12.84; Greece de- mand 1.77; Poland demand .000011; Czecho Slovakia demand 2.89%; Jugo Slavia demand 1.16%; Austria demand .0014 1-16; Rumania de, mand .51%4; Argentina demand 33.00; Brazil demand 11.70; Tokio 45 3-8; Montreal 97 38-32, —— MONEY NEW YORK, Feb. 1.—Call money easier; high, 414; low, 4; ruling rate, 4%; closing bid, 4; offered at 4%; last loan, call loans against acceptances, 4; time loans, firm; mixed collateral, 60-90 days, 4%; 4-6 months, 4% paper, 4%. A BANQUET THAT WAS ALMOST A TRAGEDY “Three years ago at a banquet I was ‘stricken with acute indigestion. Two doctors worked over me for an hour before I came to. I had haq severe colic attacks before, but noth- ing like that. No doctors or medl- cine gave me permanent help until a@ friend, Who was at the banquet, advised me to take a course of Mayr’s Wonderful Remedy, which I did with wonderful resu'ts.” It is a simple, harmless preparation that removes the catarrhal mucus from the intestinal tract and allays the inflammation which causes practt- cally all stomach, liver and intestl- naj af’ments, including appendicitis, One dose will convince or money re- funded. At all druggists. —Adv. prime commercial MIXED TOORY| ADVANGE ABAIN| (8 Operation Practical Gains Recorded In Trading Today at Chicago CHICAGO, Feb. 1.—Wheat today scored a new high record price for the season, September delivery ris- ing to $1.10% soon after the open- ing. Unfavorable weather condl- tions emphasizing fear of crop dam. age acted as the chief bullish in- fluence. Trading was on a liberal scale with offerings well absorbed. Initial prices, which ranged from %c decline to %c advance, May $1-11% to $1,11% and July $1.10 to 31.10%. were followed by moderate gains all around. Later the July delivery as well as September surpassed the season's previous top record. Absence of snow covering over most of the ‘winter crop belt was reported. The close was unsettled at the same as yesterday's finish to %c higher, May $1.11% to $1.11%,and July $1.10% to $1.10%. Corn and oats were firm in sym- pathy with wheat. After opening unchanged to \%c higher, May 79% to 80c, the corn market sagged a lit- Ue and then made a general upturn. Subsequently, with ats again outdoing the seasons isp prices, demand for corn b.oadened. May corn at 81 cents overtopped the high point of the season. Reports of bad condition of country ,roads and of danger of corn stocks becoming out of condition had a bullish effect. The close was unsettled, at a shade to %@%%e net advance, May 80%c, Oats started at yc off to Kye ad: vance, May 49%c ond later held near to the initial range. Provisions lacked support. Open High Low ‘tose WHEAT: May --.. 111% 1.12% 110% 1.11% 1.09% 1.10% 19% 81 30% 81 80% 81% 49% ADK 48% 47% 43% ; May --.. 9.67 9.90 July. -. 9.90 9.92 BELLIES: May -. —- 9.90 July . ---- 10.10 Cost Grains and Provisions CHICAGO, Feb. 1.—Wheat num- ber 2 red 1.14%; number 3 red $1.12 @1.13%. Corn number 3 niixed 77 44@78%c; number 3 yellow 78@80c. Oats number 2 white 4914 @50%c; number 3 white 49@50%c. Rye number 2, 73%@72%c Barley 66@ Sle Timothy seed $6.50@8.00. Clover seed $18.00@24.00. Ribs $: Bellies $9.50. After Influenza- SCOTTS EMULSION to build you up as il ces SR SE shot and the well cleaned out. STOCK PRICES GRAINSSGORE Market Gossip and Briefs PAGE NINE sin Oil Fields Marine Ol Operzttons. Following {s an account of the current operations of the Marine Oll company: Salt Creek. Section 8-39-78—DS-1 Wolverine: This well was shot on January 30, with 40 quarts, No production after is now being This is the well in which tools were lost, but 2 after the property was taken over by the Marine Oil company. DS-2 Wolverine—Finished clean- ing out and tools are being moved from this well. Section 9-39-78—We'verine D8-38: Rig has been moved from DS-3 and drillers are now rigging up on new well, getting ready to drill. Section 16 39-78—Mosher 1: at depth of 2,800 feet; 2,724 feet of § 8-16 inch casing has been run and cemented Well | us First and Park SPECIALS FOR * SATURDAY, FEB. 2 Fancy No. 1 Peaches. 15c¢ Fancy No. 1 Bartlett. Pears .... -20c Fancy No. 1 Apricots 15¢ Fancy No. 214 Peaches ........25¢ FREE New 342 EAST The smartness and dash of the Hupmobile pick it out from the crowd. John M..Whisenhunt & Co.” You’ve Waited For the Spot ‘Here It Is! FREE With Every Quart of Milk and Half Pint of Cream, We Will,Give a Half Pint of Cottage Cheese ABSOLUTELY FREE “Favors for Ladies and Men” SPOT GROCERY Clean Section 17-39-73—Marine 6: Drill- ing at depth of 2,405 feet; 2,403 fect of 8%-Inch casing has been run and cemented. All of 10-inch casing has been pulled. Sheldon Dome. Section 8-5-2—Sheldon No, 2: Operations at this well have been resumed and drilling will be con- tinued. Well now at depth of 3,200 feet, POTATOES CHICAGO, Feb. 1.— Potatoes about steady; receipts, 92 cars; total U. .S. shipments, 1,000; Wisconsin sacked round whites, $1.20@1.40; Minnesota sacked round whites, $1.20@1.20; Idaho sacked Russets, 25@ Phone 79 OPENING DAY Fancy No. 214 Apricots ..........25¢ Pearl White Soap, per box .......$4.35 10 Bars for........45c¢ FREE Sanitary A STREET : _> Of. Opoyne. Manor .f: nge shade at $1.50, Hunter-Goll Co., 241 W. SPEARS Lee NS UE An Exceptional Offering in - Brogue Shoes We have several hundred pairs of Brogue shoes manufactured by well known makers, of which we wish to dispose. of tough, rugge leathers, that are serviceable. We Have Them In all Sizes In Blacks and Cordovans } $9.50 to $12.50 Values 95 Mednick Bros. Walk-Over and Edwin Clapp Shoes shoe for winter as they are made This is just the d Scotch grain both warm and