Casper Daily Tribune Newspaper, February 11, 1924, Page 7

MONDAY, FEBRUARY 11, 1924 Wyoming Production | Shows Big Increase 113,000 barrels. The estimated daily average gross Production of the Mid-Continent field, including Oklahoma, Kansas, North Texas, Central Texas, North Louisiana and Arkansas, was 896,- 000 barrels as compared with $65,800 barrels for the preceding week, an was 825,500 barrels, against 793,650 barrels, an increase of 31,850 bar- rels. The estimated daily average gross production of the Gulf Coast field ‘was 86,600 barrels, as compared with 87,250 barrels for the preceding Week, a decrease of 650 barrels. ‘The combined daily average gross Production of the Southwest field was 892,600 barrels, as compared with 953,050 barrels for the preced- Tea One Sm toecenee ot 8NGF Sar Oklahoma-Kansas shows a daily average gross production of 479,950 barrels, an increase of 25,850 bar- ; North Texas barrels; and Arkansas a decrease of 450 barrels. In Oklahoma produc- tion of Burbank, is shown as 99,200 barrels against $6,000 barrels; Tank- awa 38,700 barrels against 40,000 barrels; and output of the Bristow pool was 45,300 barrels, the same as the previous week. The Mexia Pool, central Texas is reported at 34,250 barrels, against 34,350 bar- rels; CorsicanasPowell 95,900 bar- rels, against 92,000 barrels; Haynes- ville, North Louisiana, 21,800 bar- rels, against 21,850 barrels; and Smackover, Arkansas, light 23,300 barrels, against 21,850 barrels, heavy 70,600 against 72,150 barrels. In the Gulf Coast field Hull is re- ported at 17,150 barrels, against 16,150 barrels id West Columbia 12,200 barrels, against 50 bar- rels, Prospectors’ Leases Filed on State Land Following is a list of oll and gas Prospector’s leases filed on state Iand from November 1 to January 1 of this year. Edward M. Freeman, Denver, all F. M. Perkins, Casper, Portland Wyoming Oil Syndicate, Rawlins, SEX NEY, NESE sec. 15-26-86, NEYNE% Sec. 21-26-86; A. D. Graham, Som: erset, Penn., all sec. 16-38-78; Thom- as Gibson, Rock Springs, all sec. 36-16-1083; Dan S, Park & Le Grand Patrick, Cheyenne, all sec. 36-37-82; Anna B. Haggard, Cheyenne, all Smith, Denver, N¥%SEX, SWKSEX C. A> Moulding, Chey- enne, all sec, 36-24-89; C. M. Elgin, sec. 16-35-79; J. C. NIK, sand and gravel, Casper, W%SE%; SEXSEX sec. 12-33-80; Charles J. Onhaus, Cheyenne, N4%NEY sec. 21- 31-81, W%, WY%NEX sec. 16-31-81; L. A. Parker, Cheyenne, S%NE%, sec. 11-34-87 SEXNEX, NEXSEX sec. 23-34-87; F. B. Firmin, Casper, all sec. 16-45-93; Hoyt Leach, Chey- enne, all sec. 36-27-90; Isham J. West, Casper, all sec. 24-16-70; M. D. Snyder, Cheyenne, NW%NEX sec. 35-46-100; Isaac B. Smith, Den- ver, E% sec 28-48-82; NEY sec. 33- 48-82; George G. Belt, Denver, all sec. 16-48-82; Fred G. S. Hesse, Den- SWKSW%, N%S% sec. 5-48- E% sec. 7-48-82, NWKSW% 9-48-82, NEXYNW% sec. 20-48- Market Gossip and Briefs On Operations in Oil Fields Metaliferous Lease Arch Robinson of has filed on a mineral prospector’s lease that includes all of section 16-21-84. Billy Creek Progress ‘Well No. 3 at Billy Creek in John- WADOO GIVES RELATION WITH OILLEASES (Continued from Page One) which resulted in the disclosure of Mr. McAdoo’s employment as coun- sol had been the request of Sena- tor Reed, Democrat, Missouri. “It was in these questions that your name was brought out as one of the counsel,” Chairman Lenroot said. “Do you think this committee would have been justified in refus- ing the request of Senator Reed.” “No Sir” replied Mr. McAdoo. “I am glad you brought it out. “I hope the committee wiil con- tinue its investigations and bring out all the facts. I think the mat- ter of my employment is absolutely and wholly irrelevant to this in- quiry as it is not concerned with it, but nevertheless I am perfectly willing to have the committee in- quire into it. If it will ala the com- mittee in unearthing the people who have been quilty of wrong doing, I am glad to have it brought out.” Asked “what service” he had per- formed as counsel for Doheny, he said: “Special counsel, acting in an ad- visory capacity in such matters as ‘were presented to me from time to time.” “He hag not advised with you about any matters except Mexican matters?" “Our professional relations began in that connection and continued in that connection. I have never been consulted in his of] leases. He has had other attorneys for that work. He was frée to ask me about all matters, and !f he had consulted me about oil matters, I would have advised him.” Chairman Lenroot, asked the witness whether he had appeared personally before the government in-all matters referred to in his re- cent letter. “I did not” reported Mr. McAdoo. My partner, Mr. Cotton appeared before the state department on oc- casions. I purposely refrained from acting myself because I wanted to observe every propriety in this mat- ter. “There was no question of politics involved in this matter. It was pure- ly an appeal to the administration to protect American interests in Mexico. I do not believe that any administration could survive that did not stand for the protection of American property and rights, not son county being drilled by the Carter O!] company on leases held by the Consolidated Royalty Ot) company and the Western Explora- tion company, is now down 4,045 feet. The Muddy sand is expected at around 4.10 feet, only in Mexico but in all nations.” Senator Walsh directed the wit- ness’ attention to a trip he once made to Mexico. “In January, 1921, I went to Mexi- co,” Mr. McAdoo replied, and one of the purposes was to discuss with the Mexican authorities concerning article 27 of the Mexican constitu- tion: “I had a conference with Presi- dent Obregon in which I stated and imp-cessed upon him that a gémuine disaster “would result to Mexico if an attempt was made to give article T not only out- lined to him that such an agreement would prevent all American enter- 27 rétroactive effect. prise in Mexico and destroy all con- fidence {n the government but that the credit which Mexico needed im- peratively to’ develop the country could not be had if such things should be undertaken. “I explained to him at that time that the American market was the only t where there was avail. able any large supply of credit in the world and that Mexico had no re- sort to any other market for such credit. “This made it imperative” Mr. Mc Adoo said “for the Mexican govern ment to make its position plain. “President Obregon expresséd himself as being entirely in accord with that view,” Mr. McAdoo con: tihued, “‘and said that it was not in- tended to give section 27 retroactive effect and that there was no inten- tion to confiscate American property in, Mexico.” Replying to Senator Bursum, Re- publican, New Mexico, Mr, McAdoo #aid that neither he nor his firm had ever represented Doheny or any of his companies in income tax mat- ters before the treasury department. When the examination was con- cluded and Mr. McAdoo left the wit- ness chair, the crowd again broke into applause, and he turned and waved his hand as he walked out of the committee room. REV, ALLINGHAM WANTED AS GOLLEGE PRESIDENT The presidency of a large Congre- gational college in the central west was today offered to the Rev. Robert Allingham who is pastor and founder of the First Congregational church here. The matter is being held In abeyance for the present. Should acceptance be made it will constitute a considerable honor and incraseed remuneration for the Cas- per pastor who has had such signal success with his new church in this city. oo CASPER MONUMENT WORKS 508 South Conwell, Phone 2542 Atl, Gulf and West Indies. 14% Baldwin Locomotive -....__ 128% Baltimore and Ohio -......._ 5g Bethlehem Steel 61 California Petroleum 1... 2 Canadian Pacific -—._.__= 148% Central Leather... 17% Crero de Pasco Copper ______ 46% 27% Chino Copper weee-ne is” Consolidated Gas --.._ 64% Corn Products -...-.._ 179% Gosden Of ---2 2 38% Crucible Steel ---..-....._. TOM waee ee General Motars _ 2. Great Northern pfa Gulf States Steel UUnols Centray New York Central ~----.... 102% N. ¥., N. H and Hartford .. 20% Norfolk and Western -..... 105% Northern Pacific ------.. 54% Pacific Oil --. wewwwemnne 53% Pan American Petroleum B. 46 Pennsylvania ----—W-----... 44 People's Gas .. an nne | 96% Producers and Refiners -... 39% Pure Ol ---.--... 25% Reading ~----cee ene e ewe 57 Republic Iran and Steel Sears Roebuck ---. ae- 95 Sinclair Con Oil 225% Southern Pacific ----..-—-- 89% Southern Railway ~---.----- 47% Standard Oil of N J ----..-- 40% Studebaker Corporation ---- 103 Transcontinental Ofl ---.-. Union Pacific ---2---.------- U § Ind Alcohol ~--.---.- United States Rubber -... 16% 17 10% 72 51% 52 1392 «134 67% 68 147° «150 91 93 24% 24% 90 92 101 102 724% «74 245 «(247 160% 107 208 215 90 97 46% 47 110% 111 Sewennwenpe- 230 86 235 8.0. N. ¥Y. su. 45% 46 8. O. Ohio -- 325330 Vacuum = 63% 64% 8. P, Off 25-22. 164 165 8. 0. Ind. -..--s. 63% «64 ———____ CRUDE MARKET Osage Grass Creek, light ~..... Grass Creek, heav; Torchlight N.Y. Tran -.----—-.. Nor. Pipe -----—-... Ohio O' ~s, Prairie Off ---.-. Prairie Pipe -, Solar Ref. Sou Pipe 8. s.- 8. Byron Notches Pilot Butte -... Lander NEW YORK, Feb. 11.—Foreign exchanges cents. Great Britain demand 430; cables 430%; 60-day bil's on banks 427%; France demand 4.5514; cables 4.56. Italy demand 4.37; cables 4.3714. Bel- gium demand 3.9 cables 3.98. Germany demand 0000000002 cables .000000000021. Holland mand 37.35; Norway demand 13.41; Sweden demand 22.62; Switzerland demand 17.40; Spain demand. 12.74; Greece demand 1.73; Potand demand 000012; Czecho Slovakia demand 2 Jugo Slavia demand 1.19%; easy. Quotations in mand .544%; Argentina demand 33.5 Brazil demand 12.12; Tokio demand 4i%; Montreal 97 1-16, OIL SECURITIES By Witsoe Cranmer & Co. Bid Ask Bessemer 25 27 Big Indian 08 a Boston Wyoming --.. 1.00 1.12 Buck Creek -.----... 18 20 Burke ———— -26 28 Blackstone Salt Creck .28 rd “ 24 2.23 1.38 04 Domino ---.--—----— -11 13 Elkhorn -.-------- 05.06 FE. T. Williams -..... 56 Frantz Jupiter Kinney Coastal - Lance Creek Royalty. Marine ca SR Mike Henry -~--.----- Mountain & Gulf -... Picardy Preston ~....--------- Red Bank --...---. Royalty & Producers. Sunset ...----.--. Tom Bell Royalty Western Exploration. Wyo-Kans = Western States -.... Y On NEW YORK CURB Mountain Producers Glenrock Salt Creek 3 Salt Creek Cons. - Mutual - Citles Service Com. .. 8. O. Indiana _._.2.. LIVESTOCK KANSAS CITY, Feb. 11—Cattle 11,000; calves 2,500; most beef steers slow and steady; hest weighty steers $10.60; bulk short feds $7.75@ $9.25; she stock steady; bulk beef cows and heifers $4.00@$7.50; can- ners and cutters $2.25@3.50; bu'ls Steady; bolognas $4.25@$5.00; calves steady; veals $11.00@$12.00; others $4.00@$7.50; stockers and feeders 154.00 155.00 66.75 strong to shade higher; better gradeS $7.25@$7.60; bulk $6.25@ $7.00. Hogs 16,000; very slow; early sales to shippers 15@20c lower; top bulk $6.80; bulk of sales $6.35@$6.75; packers bidding 20 to 25c lower; bulk good and cholce 200 to 280 pound butchers $6.05@$6.75; 160 to 190 pound averages $6.25@$6.60; 120 to 140 pound averages $5.50@ $6.00; bulk packing sows $5.90@ $6. stock pigs steady, mostly $4.50@$5.00. 3 Sheep—4,000; lambs generally 15 @25c higher; top $14.50; others $14.00@$14.35; ‘%vl pound ewes $9.00. OMAHA, Neb, Feb. 11.—Hogs— Receipts 15,000; market slow, mést- ly 15@20 cents lower; bulk 220 to 300 pound butchers, $6.40@6.55; top, $6.65; 180 to 210 pound weights $6.40, packing sows $6,00, average cost Saturday $6.62; weight 245. Cattle—Receipts 8,500; most kill- ing classes slow; killing quality plain; few early sales steady to 15 cents lower; top steers $9.60; better grades cows and heifers to fil! ship- ping orders steady; packers bidding 15@25 cents lower on others; other killing classes stockers and feeders steady; bulk butcher cows and heif- ers $4,00@6.50; canners and cutters $2.25@3.50; vealers to packers $9.50 @10.50; outsiders paying upward to $11.25; bologna bulls mostly $4.00@ 4.50; bulk stockers and feeders $6.25 @7.25; top feeders $8. Sheep—Receipts 15,000; market s'ow; carly sales fat lambs weak, 10@15 cents lower; bulk held fully steady; several loads at $14.00, in- eluding good to choice 95 pound av- erages; no sales agreed sheep; feed- ing lambs steady; early sales 74 pound averages $13.50, . METALS NEW YORK, Feb. 11.—Copper quiet; electorytle spot and nearby 12% @12%; futures 12%. Tin easier; spot and nearby 52.2. Futures 61.25. Iron steady; No. 1 northern 29.00@24.00; No. 2 north- ern 22.50@23.00; No. 2 23.00%423.50. Lead steady; spot 8.25@8.50. Zino quiet; Bast St. Louis spot and nearby 6.72@6.75, Antimony; spot 10.50. SILVER LONDON, Feb, 11.—Bar silver 33 and 15 1-16 pence per ounce. Money 2% per cent. NEW YORK, Feb. 11—Bar silver 64%; Mexican dollars 49.2. fre dit nh che eae SINCLAIR WILL LEAVE FOR NEW YORK TUESDAY PARIS, Feb. 11.—Harry F. Sin« clair is expected to embark on the steamship President Harding at Southampton for New York tomor- row. He and his party left Paria last evening for London and the steamship company is sending a courler to Cherbourg with tickets for them, meanwhile te!egraphing an authoris to the steamship officials at Southam to permit the party to board th out the usual passage papers. n Casper Daily Stocks. :: AND QUOTATIONS BY LEASED Grain TRAFFIC OFFICIALS TO SPEAK ATFORUM MEETING WEDNESDAY Problem of Making Casper Able to Compete In Rates With Other Cities Will Be Under Consideration The Chamber of Commerce For- um luncheon for this week will be held on Wednesday noon at the Henning hotel instead of Tuesday noon. The program will be directed by the traffic committee for its use in putting the freight rate investiga tion and the interstate cofimerce commission hearing squarely before the membership. The officials of the General Freight Service asso- ciation of St. Louis, Mo., which concern has been employed by the chamber to conduct the investiga- tion and handle the Casper case before the commission will arrive in Casper Wednesday morning. The party is composed of W. E. McGarry general manager, W. M. Hezel, council, dnd John C. Ryan, traffic manager. The members of this party will make brief addresses at the Wednesday luncheon, in regard to the particular subject on traffic regulation in which he specializes. In the Casper rate case, which is attracting wide attention through out the west and middle west, the main contention of the Casper in- erests is as follows: “That Casper, by reason of its location is a natural jobbing and distributing center for the state of Commerce Commission, and will start Friday morning at 10 o'clock in the Council chamber at the City Hall. CHAMP. BOWLING TEAM BROKEN UP. WILLL. NOT. DEFEND 1999 TITLE BY J. E. HELFERT (United Press Staff Correspondent) MILWAUKEE, Wis., Feb, 12.— (United Press).—Charles Daw and Finnis Wilson, world’s doubles champions of the: American Bowling congress, who copped the two men honors here last year with a record count of 1,368, will not defend their title at Chicago this year. The two Milwaukee pin busters have been entered in the 1924 meet hich opens at Chicago, February but with different paytners. Upon announcement by Secretary A. L. Langtry of the American Bowling congress that the Chicago southern | steamer with-| from Indianapolis. The cars burned, Ig was tho worst disaster in inter- tournamnet entries which totaled 2,137 teams had broken all records, it was also learned that Daw and Wilson had split. The beginning of the end of the world’s champion doubles come last September, when Daw left the Nel- s0n-Mitchell team, world’s champion five-man team, and decided to bowl with the Hummel-Downing quintet. Daw will shoot his doub'es with George “Lefty” Davis, formerly of the Hummel-Downing team of Mil- waukee. Daw explained that he wanted to bowl with Wilson and Wilson wanted to shoot his doubles with Daw, but because of some mis- understanding, due to the fact that were members of different teams this year, the split was unavoid ab'e. WhilesDaw and Wilson are split, Knox will ge to the Chicago tourna- ment with his same old friends with whom he shot last year. The Nel- son-Mitchells, now the Ziegler Cho- colates, are also entered, as is C. A. Baumgartner, Cleveland, who took the singles championship with 725 last year. BURNING LOVE LETTERS FROM COUNTESS TO YOUNG ITALIAN FILED IN ALIENATION ACTION NEW YORK, Feb. 11.—Burning letters from the Countess De Perl- gny, sister of Harry K. Thaw, to a young automobile salesman, mar- ried, whom sho showered with at- tentions, were introduced in the su- Premo court here today as part of a $500,000 suit for alienation of af- fections. Mrs. Madeline Helen Modica is bringing the suit, alleging from the time of her marriage to Modica in 1922 until November of last year, when the countess married her pre- sent husband the defendant con- stantly pursued and sought to alien- ate the affections of the young and stalwart Italian who is father of Mrs. Modica’s six months old baby, The countess’ full name is Mar- garet Thaw Carnegie De Perigny. The story came out when Frank P. Walsh, attorney for Mrs. Modica, filed an order to show cause, direct- ing the countess to show why she should not appear before Justice Bi- jur on Tuesday next, to testify re- garding certain letters and tele- grams, alleged to haye been sent by her to Emanuel Victor Modica at various times. She also is to be questioned, if the order is granted, concerning her own handwriting. The complaint alleges that Made. line Helen Modica and Emanuel Vic- tor Modica were married in 1922 and have one child, a daughter, six months old. It alleges that the Mo- dicas lived happily in Brooklyn at the time Countess De Perignys al- leged alienation began and was car- ried to a successful conclusion. Wyoming, and in addition from a geographical standpoint should also have an equal opportunity to com- pete with Cheyenne, Wyo., Denver, Colo., Billings, Mont., Crawford, Nebra., and Missouri river cities in Western Nebraska and South Da- kota, but that the structure of rates now in force, and heretofore in force, between said cities on the hone hand and Casper, Wyoming, on the other, is unjust and unreason- cle, unduly unjustly descriminatory md prejudiced to Casper, Wyoming and unduly preferential to. its com- petitors at the above imentioned place, and in violation of Sections 1, 2, 3 and 4 of the said Interstate Commerce Act and the amendments thereto, The Wyoming Public Service Commission has intervened in the case and will support the Casper Chamber of Commerce and the Chambers of Commerce at Grand Island and Hastings, Nebraska, have intervened to protect the al- leged interests of their shippers. Tho hearing will be conducted by Examiner Jewell for the Interstate It was in July, 1922, says the com- Plainant, that the now Countess De Perigny crossed her path. The com- plaint declares there was an im- mediate malicious and wrongful ef. fort made by Countess De Perigny to win Emanuel Victor Modica’s af- fections from his wife. ‘The resu’t was that by means of gifts of money as set out in the complaint, of auto: mobiles and other valuable hings, to say nothing of acts and demonstra- tions of love, Emanuel Victor was won away from his wife. The progress of the affair continu ed uninterruptediy, the complaint al- leges, until July 1923 when the hus- band deserted the wife and, as she alleges, ldter went to Paris with the defendent. She says she has not been him since and he has not contribut- ed anything to her support since his departure. At the Brooklyn home of Mrs. Modica's father, William D. Martino, coal dealer where the plain- tiff haa been living it was said Mrs, Modica was with friends in Con- necticut. “We have no idea where Mr. Mo- dica is at present,” was the reply to inquiries as'to the husband's where abouts. PITTSBURGH, Pa, Feb. 11.~ Mrs, Willlam K. Thaw, mother of the Countess Perigny mentioned in a $500,000 suit for alienation of af- fections filed against her in New York, today denied all knowledge of the affair. “You'll see later," was the cryptic comment given to interviewers. After the Smash! Nine persons thus far are dead, and others missing, following a head-on collision of interurban cars near Forty'lle, Ind., abont 25 miles urban history. Czechoslovak Rep, 8s.. _ Dominion of Canada, Ss 1952 ~~. French Republic, 74s -. Japanese, 4s — Kingdom of Belgium, Kingdom of Norway, 6s Rep. of Chilo, 8s, 1946 State of Queensland, 6a U. K. of G. B, & L.. 5% American Smelting 5s -. American Sugar 6s —. American Tel. tr, Se .. Anaconda Copper 7s, 1938 ~~... Anaconda Copper 6s, 1955 ~. At. T. and San Fe., ge. 4s — more and Ohio cv., 4%s Canadian Pacific deb., 43. Chicag: Chicago, Mil, and St. Paul, o Chile Copper, 68 - Goodyear Tire, 8s, 1941 ~ Great Northern, 7¢ A Montana Power, Ss A Northern Pacific, ref., 6s Northwestern Bell Tel., Pacific Gas and Electric Penn. R. R, Gen 5s Sinclair Con. Oil, col., Southern Pacific ev. Union Pacific Firs! U. 8. Rubber, 5s tah Power Western Westinghouse Wilson ané Company, NEW REVENUE BILL IN HOUSE (Continued from Page 1.) “The provisions of the reorgant- zation sections have been re-written to prevent the use of the section to escape proper taxation by increas- ing the basis for depreciation or de- pletion or by increasing the basis for determining gain or loss from the sale of assets transferred in connection with a reorganization or by distributing as capital gains what are in effect dividends out of earnings. “Where the grantor of a trust retains the power of reveration the income from the trust is to be tax- 64 to him, “The penalty imposed by sec- tion 220 upon corporations avatled of to avoid the imposition of eur- taxes on the stockholders is now based upon all the income of the corporation which will be taxed in the hands of an individual and the presumption is created that any Investment company is availed of for the purporp of avolding the im- pesition of surtaxes on stockhold- ers. “The deduction for interest paid on indebtedness (other than interest paid or incurred in connection with the trace or business of the taxpay- ers) and the deduction for non-busi- ness losses are allowed only to the extent that the sum of these two items exceeds the tax exempt in- come of the taxpayer.” The report of the eleven Repub- licans of the committee was the same as Chalrman Green's except for considerational argument de- fending the cut in surtaxes to a maximum of 25 per cent. It point- ed out that the high rates were be- coming increasingly unproductive, citing that incomes of over $100,000 tuted 29.5 per cent of the to tal income reported in 1916 and 5.4 per cent and 4.5 per cent, respec- tively, in 1920 and 1921. “The only way that the income act as applied to large incomes can be made an actuality, the report said, “is by reducing the rate of tax to @ found level and thus lessen- ing the incentive to taxpayers to avold the tax.” The Democratic report called for @ reduction in the normal taxes to two per cent on net incomes up to $5,000; four per cent on incomes between $5,000 and $8,000 ana 6 per cent above that amount. Representative Garner's original plan ca'led for a four per cent tax on incomes between $5,000 and $10.- 000, and the reduction to $8.000 was expla'ned as necessary to cut down scmewhat the loss in revenue which the treasury reported would be sus- tained under the plan. The surtax rates proposed by the Democrats would start with one per cent at $12,000 and increase to 44 per cent on income of $92,000 and over. These rates, the report sal, would result in losses of revenue. under treasury estimates of $186,257.336 in the normal taxes compared to $77,014,854 under the Mellon rates adopted by the committee and $139,- 803,195 in the surtaxes compared to $200,352.243 under the Mellon sur- taxes. The foreigners were based on 1921 revenue returns. Clting Secretary Mellon's declara- tion that Representative Garmer, rankt Democrat of the commit- tee, “was playing politics in offer- ing this tax revision plan,” the re- port declared his expression was “an unheard of performance, as in- solent as it is imprudent and in the Judgment of the minority is in the worst of bad faith toward progres- sive income taxation.” In addition to Cefinite income rates, the Demo- crats proposed higher estate taxes and enactment of o gift tax, to- gether with the repeal of a number of the miscellaneous taxes in addi- tion to those already revised by the committee. The report explained that all of increases of the bill were considered by the features committee until the income rates were reached, when they were excluded. Many sections of the measure, other than the in- come rates, are practiced. particul- arly “provisions relating to stop- ping hoopholes in the administra S 37 oars. 995 RAILWAY AND a hee Bethichem Steel con 68, Series A -...--------. Burlington and Quincy, ref. 6 A... 91% 91% 86% S648 89 89% 110 110 107% «107% 98 95% tion of the law, by which many largo taxpayers escape their just taxes.” but the report added that the mapority bill still leaves large discretionary power with the, treas ury department in tax matters. Representative Frear of Wisco son, Republican insurgent, sub- mitted a separate report, arguing! for retention of the present. surtax maximum of fifty per cent and a™ greater cut in the normal. taxes. while Representatives McLaugh. lin, Michigan and Timberlake, Colo-] rado, the other Republicans, was recommended by the report of the chairman. Eleven Democrats of the committee signed the other report,| which places the surtax maximum at 44 per cent and calls for greater cuts in the normal income tax rates than provided for independent Mel lon schedules. MONTANA FIRE BURNS TWO IN HOTEL BLAZE MISSOULA, Mont., Feb. 11.—Two men were seriously burned and 26 suests lost their personal belong Inge in a fire which destroyed the Ward Hotel and the Smith grocery store at Thompson Falls, Montana, early today, and a track walker on the Northern Pacific rafiroad was killed by aspecial train which was being rushed to Thompson Falls to bring the victims to Missoula. Tho dead mah's name was not known here. Charles Ruschtuaschel's back was broken and his hands were burned and it is feared he may die as a re- sult. Charles Heiner’s face was burned, SNAPPY BUYING INWALL STREET. Rising Prices Characterized Dealings In Stock hares NEW YORK, Feb. 11—Rising prices characterized the opening of the new week in the stock market, Unexpectedly large increase in the unfilled orders of the United States Steel corporation, brought a large volume of week-end buying orders into the market. Central leather preferred advanced 1% and United States Realty and International Tel- ephone each climbed one. Early buying orders were fairly Well distributed with the indepen- dent steels, sugars, ofls and low priced rails giving the best exhibi- tions of group strength. Gains of @ point or so were recorded by Re- public and Vanadium steels, Mar- land, American Radiator, Cuba.Cans preferred, Reading, New York Cent- ral and American Tobaceg. Nation- a! Enameling was one of the fow weak spots dropping 1%. Foreign exchanges opened lower. New highs for the year were es tablished by International Telephone Wells Fargo Express and Fisher Body, the last named jumping 4% points. Gains of 1% to 3% points Were recorded by Congoleum, Otis Elevator, Lorillard ‘Tobacco and Commercial Solvent A, National Enameling extending its losses to nearly 244 points and Genéral Elec- tric dropped while Studebaker, Corn Products, Pan American Pe troleum, Maracobi Oil and U. 8. Cast Iron Pipe sold a point or more below Saturday's final quotation and call money opened at 4% per cent Speculators took only a languid interest in the mid-afternoon mar. ket, popular shares hovered close to their noon levels with, however, United States Steel tending down ward. Continued liquidation of National Enameéling carried it off 6% per cent but the Commercial Solvent issues extended their rise to seven points,