Casper Daily Tribune Newspaper, February 24, 1924, Page 20

PAGE EIGHT BIG OPPORTUNITIES IN SOUTH -- BABSON Statistician Sees Great Future in Store for Dixie- land; Agriculture and Industry Both Hold Exceptional Chance. oN PARK, Fl Roger W. Babson, the . to his w headquart- ers here, after a second tour of in- vestigation thru this ction, issued the follownig statement of findings for the south. ‘I am convinced more than ever that it is only four o'clock in the morning for the new South,” says Mr. Babson, “Although this section is prosperous now, its real day of >pportunity is ,nly beginning to s of Florida, Ala orl The Mississippi, nessee, and the Carolina, threshold of a new era, What has happened in the West during the past fifty years is about to take place in the South, In the past this section has been handicapped by northern prejudice and being de pendent almost entirely upon cotton as not progressed as it should. I do not mean by this belittle an ta but upon one pr sectio; t entirely is handicapped. w, how with industrial development already under way the South should gain by leaps and bounds. Almost every Southern state and city offers dis- tinct opportunities to men who are willing to work or invest capita al in “Current not show up as for those of the North, because of the boll weevil, “agricultural figures do well for these states largely but even f cotton continues to hold up in price even these agricultural sec- tions should prosper in 1924. “Of the urban locatities of Flori- da, statistics suggest that Tampa, Jacksonville, Orlando and Miami will offer relativ the best oppor- tunities. The citrous situation is temporarily suffering from very low prices; but if the results in streng- thening the Florida Citrous Grow ers Exchange, it may prove to be a blessing in disguise. “Compared with the rest of the country, where business as reflected on thc Bebsonchart is running at 1 per cent below normal, we find that Paint BOSTON, Feb. 23—Hardware deal- ers in New Eng'and have decided to reduce the number of shades of house paint they carry to twenty instead of the fifty or more colors now stocked. Some of the dealers declare that 85 per cent of the house paint jobs call for white or one of eight otber shad Lumber SEATTLE, Feb. 23—Lumber pro- duction in western Washington and Oregen is about 23 per cent above Tormal capacity while new business is only 15 per cent below production. Tobacco RICHMOND, Va., Feb, 23—Local tobacco warehouses report good bus- iness for the last several days. The tobacco has not been of the best but some farmers have received good profits, The average at some houses has been around 18 cents a pound. oil HOUSTON, Feb. 23—The daily average oil production of the ‘Salt Dome heavy oil fields of the gulf coast has declined 2900 barrels in the last week, to 75,445 barrels. South Texas production gained slightly. Radio CHICAGO, Feb. 23—Wholesalers and retailers of radio outfits and acqessories say this winter has shown a tremendous growth in sales. The best sellers, they report are sets retailing at about $100. Cotton ATLANTA, Feb. 23—Traveling salesmen will be sent into the middle west this year by owners of idle cotton lands to sell to farmers the id f migration to the southeast Wheat Prices Close of Week’s T rading | ¢ CHICAGO, Feb. 23.—Wheat closed the week substantially higher in price as compared with a week ago, the improvement amounting to from 1% to 3 cents, while corn scored an upturn of about one cent and oa and provisions were steady. May wheat closed at $1.11 and July at $1.11%, while May corn was at 80% cents and July at 80% cents. Improvement was due principally to the first flood of crop scares based partly on the condition winter wheat. First reports of dam- age were received and trade showed themselves inclined to d count rumors of farm reserv thwestern stat The ) advices the w ing would be_cyrtaile import duty on whe would be raised before reopening of navigation on the Great Lakes. Heavy profit-taking sales was a handicap to speculators for the ad- vance in the corn market, who held in check Liberal receipts and stressed Commodity Trade News OIL SECURITIES By Wiison Cranmer 2 Co. Bid Ask Bessemer . ----------- .25 27 Big Indian . --------~ .11 13 Boston Wyoming . ---1.00 1.12 Buck Creek ---------- .20 2 Burke —— 26 28 Black Stone Salt Creek 30 32 Chappell 22 4 Columbine -. - 08 -10 Central Pipe Line --. 2.15 2,25 onsolidated Royalty. 1.30 1.32 Cow Gulch os Domino ~ Elkhorn . - Williams | general conditions in these Southern states are favorable. Florida, for instarice, shows a gain of 16 per cent in general business over a year 90; Mississippi is running 13 per business. “We have long needed a| Ward in June and general business | New York exchange, with trading | market, due largely to the with-ular treatment. fee ies hoy iB atid Pkt Soe 00% 01 | reliable measure of seo Sete psy-| Worked off to a low point in|estimated at 400,000 shares. Re-| drawal of support afforded in con-| See that your brakes are properly Alabama shows a gain of 14 per|Zy>ne. Goastal a2” 113. | chology,” says Mr. Babson. “My |August. Advertising Mneage in-| ports of general improvement in | nection with the Japanese loan and |set if you leate your car on an in. cent; Georgia is leading by 9 per eer aces Royalty - .02 02% | associates having studied and re-|Creased slightly in September and| business conditions was an impor-| the substitution by the house of the|cline, and also turn your front cent; Tennessee is 7 per cent ahead} ygarine a----- 4.00 4.25 | jected several indices finally ana-| WS Bergson by rrr getter in] tant factor ie the soe te Garner tax rates for the Mellon Pay te of last year’s figures; North Caro ghey eee lyzed newspaper advertising lineage, | £¢ne’ usiness ‘activity. e drop fsensational developments in the | program. jo start or st Hina has increased 11) per centiin | prt? 4 nae SEE yh With. nee tomes dy chieintiin sasant in business occurring during the| government's investigation of oil] Decided weakness developed in soddenly not to skid round comers twelve months; and South Carolina! Yew York Oll --------12.00 13.00 | business conditions and as al first two months of 1923 was fore-| leases assisted materially {n bolster-| foreign exchanges, new. low records a in set up in your tires by shows a gain of 32 per cent. Fail-| Picardy — 05 barometer by which impending im- | Cast by a substantial decline in ad-] ing these shares. Gains of from] being established for French and form of misuse is terrific, ures in these states show a decrease Preston -01% | provement or decline can be antici- | Vertising lineage between November | one to four points were recorded in| Belgian currencies as a result of] Don’t run the motor in a closed with the exception of Georgia which Req Bank registers no change. | Royalty “At all American ports foreign| Sunset trade has been weak during 1923,|Tom Bell Royalty & Producers. .09% -----------= 01% 10% 02 02 03 but figures show that Southern! Western Exploration — 3.65 3.70 ports have more than held their| Wyo. Kans -80 own. I am very optimistic as to| Western States a7.) 8 the future of foreign trade pos-;¥. Ofl 13 sibilities of Charleston, Jacksonville, | Tampa, Pensacola, Mobile, Norfolki NEW YORK CURB to the north, with New Orl and} Galveston to the south and west.| Mountain Procucers Heretofore, the great trade routes); Glenrock Oil have been between New York and| Salt Creek Prda. Europe. In the future we shall de-| Salt Creek Cons. velop new paths for heavy interna-|New York Oil tional trade between the South and|Pred. and Refrs. Europe, and in the Pacific. ‘onden “Construction work of all kinds s| Mutual very active throuout this entire sec-| 8-0. Indiana tion. Road building is booming, fer-| tilizer companies are coming back! to their former volume of business even though cooperative purchas ing by the farmers is reducing pro fits. Superpower projects are spreading thru the entire south and tiie large and small” industrial plants|(By Wilson, Cranmer &| Company.) are springing up everwhere. Prac-| aijeq Chemical & Dye tically every = good Southern cotton| ‘American can - is making money. mill |\American Internati “The railroads of the South are! American Locomptive ——.. ooking better than ever before. The] American Smelting & Refg Atlantic Coast Line securities are}American Sugar --- now classed as gild edged. Southern| American T. and T. Railway Bonds should be perfectly|American Tobacco safe as investment and even the| American Woolen - Seaboard which was headed for a} ‘Atchison receivership two years ago may now] atl., Gulf an puil th Baldwin Locomotive “Southern Investments are look-| Baltimore and Ohio — ing bet pr every day.” Bethlehem Steel --. { CaiMornia Petroleum | Canadian Pacific | Central Leather | Cerro de Pasco Copper — Chandler M¢etors ---. Chesapeake and Ohio Chicago and Northwestern Chicago R. I. and Pac. Chile Copper - Chino Copper .. Consolidate? Gas Corn. Products }Cosden Oil .-. | Crucible Steel and taking up cotton cultivation. According to Governor Walker, the Georgia Industrial promotion bureau will spend $1,000,000 in exploiting the state. Vegetables PORTLAND, Feb. 23—Purchases of potatoes in.car lots at Oregon country points continue in fair yol- ume with $1.50 per hundred pounds quoted for top quality. The local market is holding just steady, ‘amo’ General Asphalt General Electric General Motors Great Northern pfd Gulf States Steel Inspiration Copper -. Int. Mer. Marine pfd — International Paper Kelly Springfield Tire — Kennecott Copper Lima Locomotive Mack Truck WILMINGTON, Del., Feb. 23— The price of Delaware sweet pota- toes has advanced from $1.75 a bushel early in the winter to $3.10. About 200 carloads still remain to be shipped of the Sussex county| Mack | Tract ads Maxwell Motors - ry ae Middle States Oil Dry Goods New York Central ST. LOUIS, Feb. 23—Dry goods| Northern ‘Pacific — merchants are featuring brigh silks| Pacific Oil —__-. and dress goods. Conservative buy-| Pan American Petroleum B — ing for the last six months has re-| Producers and Refiners duced stocks to below normal and| Pura, Ol consequently heavy buying by both Republic Tron and Steel wholesalers and retailers is forecast.| Sears Roebuck -—- ae Higher prices are considered prob-| Sinclair Con. Oli able, based on increased costs of ma-| Southern Pacific terial and labor. Southern Raitway Standard Oil of N. J. _— Studebaker Corporation Texas Co, —— Tobacco Products A Transcontinental Oil Unoin Pacific Livestock STATE COLLEGE, Pa., Feb. 23— The movement to compete in the raising of “ton litters” of hogs is spreading through | Pennsylvania.| ty. §. Ind Alcohol Prizes will be awarded those who| United States Rubber raise a ton of pork from one litter} United States Steel of pigs in 180 days. Utah Copper Westinghouse Blectric Willys Overland __ Buute and Superior Colorado Fuel and Iron National Lead Steel JOHNSTOWN, Pa., Feb. 23—Sheet mill production at Johnstown has risen to 80 per cent of the units, 98 of the 120 independent mills being! active. The increase came with the! resumption of three more mills at the Newton Steel plant. A new barometer was added to the ist of factors on which changes can be anticipated by Roger W. Babson, who in a statement today discussed the studies made by his associates covering the relationship between newspaper advertising and pated. ‘The results in this fleld of investing are exceedingly interest- ing and pertinent. using by months with the volume of local business in thirty leading cities for a period of ten years, associates find that there is a dis- tinct connection between these two factors. advertising every case by an increase in local business beginning the same month. When paper advertising turns and begins to decline the momentum gained carries the general business in the community either from one to three months before it definitely downward. cago, tendency in a larger center. paper advertising in January, was 9 per cent less than that car- Set in Decenibes, Conan axons to the previous decrease in advértis- a Ete. in January increased over the De-| ing lineage. Il Mak. A es Reni cember figures,” the drop forecast] “continued studies will be ma: Renu: ted and by this decline in newspaper lineage. | along this line, but progress so far ‘epaired however, developed during the first two months of 1922. ing lineage and general business i- creased in March, 1922, and adver- ticing turned downward General business followed that same month, downward between June and July forecast the decline in general bisi- ness which started in the following month, tween May and June, business turn- ing down definitely in June. tising started up in September with general business. between October and November and was followed by business activity the same month. both general business and advertis- ing increased in February and ad- yertising again turned downward in May, June, ber and was paralleled by the re- vival of fall business. A decline of in this district is swimming along in a very satisfactory manner. mobile manufacturers are doing a most the activity in the steel industry is clearly reflected in the amount of ore consumed this year. report.showed 24 furnaces in blast, which is 34 more than there were under power January 1. plants used up 209,015 more tons of ore last month than in December and the improvement has been even more marked this month. Ohio Bell Telephone company has asked permission to make a charge of $3 to $6 for installing or trans- ferring business phones and $3 to $4.50 for private phones. city council declines this request, the company announces it apply commission for permission crease rates to 10 to 12 per cent. espe- ‘The been a marked improvement here this week in jobbers sale: clally in clothing and shoes. This indicates that the retail outlook in the agricultural districts is getting better as planting progresses. cotton goods trade, is though stocks are low, but Atlanta representatives in eastern markets report merchants there are prepar- ing to Spring construction of residences has Brick and builders hardware are expected to strengthen in price be- fore the end of this month. independent mill units in the suuth have taken advantage of the recent slump in raw cotton to lay in future supplies of the staple. Whe Casper Bunday Eridune SUNDAY, FEBRUARY 24, 157, ¢ Stocks : Grain :: Livestock : : All Markets § AND QUOTATIONS BY LEASED WIRE STOCKS STRONG AT Advertising Forecasts Business Conditions of CLOSE OF TRADING ¥ Heavy Buying of Oil Shares Following Let-Down Says Babson : In Government Investigatian Features Advance Scored Saturday, NEW YORK, Feb. 23.—Further improvement in stock prices with popular oil issues leading the way marked today’s brief session of the Maintenance Hints For Auto Owners <a cold pce htet a watch the radia. Use a good cleaning peat pee to remove scale and mud, Also an anti-freeze spirit should be In case your motor wil! not Start, don't keep flooding the carburetor, Prime the motor by Putting gas in the petcocks. If this doesn’t work, look for ignition trouble. A little attention to your car will make it last much longer anq give much better service. If yoy still drove a horse you would sc that it was fed and watered regy. larly, and a car needs just as be BABSON PARK, Fla., Feb. 23.— )the November figures indicated a drop in general activity which ma- terialized after the first of the year. “In the city of Minneapolis, ad- vertising increased during February of 1922. General business improve- ment began to be felt in March. Advertising Mneage turned down- character, including reports record car loadings, larger demand for steel and soaring prices for copper. ‘The reaction extended to the bond local and December of the previous year. Advertising and general business turne dfor the‘better in February of 1923, and the decline of advertising lineage between April and May clearly indicated the recession of business which followed, beginning in the latter month, Both advertis- ing HMneage and general business again turned upward during July, a month ahead of the usual sea- sonal turn. The marked decrease in advertising lineage following a high point in October of last year, foretold the decline in local activity developing, beginning in November and developing through December and January of this year. ‘For scientific study of this factor, it is necessary to eliminate seasonal trends both in business and in ad- vertising, so that you get the true varlation in the behavior of both hese factors. In this case the ex tent of the decline in general busi- ness is proportionate in most cases olls while low priced rails, -stee!s and some other industrial groups displayed marked strength. Closing prices were strong. The day brought to a close a week of reactionary trading in the se- curities and commodity markets with weakness and strength alter- nating in currents that sent prices up or down. Bears hammered at prices at times with material re- sults as a result of political develop- ments and news that kept traders in a state of uncertainty. Offsetting this was trade news of a bolstering delay in approval by the French chamber of deputies of Premier Poincare’s economy tax proj This program was finally approved today with, resultant improvement in demand although prices con- tinued weak. Rates for time money and com mercial paper continued to hover around 4% and 5 per cent but cal! funds were obtained as low as 3% in the outside market and dropped to 4 per cent on the stock exchang Substantial reductions in brokers q loans were reported by bankers. 7 Typewriters Oil Production in State $3.00 Down Totals Four and Quarter || *" F:ymen"™” Million Barrels in Month garage. The carbon monoxide ig exhaust gases is odorless. and 9 small percentage of it in the air fatal—Automobile Digest. $< << “In comparing newspaper adver- my An increase in newspaper is paralleled in almost the lineage of local news- turns “The figures on the city of Chi- for instance, illustrate this News- 1922 Underwoods, Remingtons, L. C. Smiths, Royals, Total production of ofl in Wyo- ming for January, 1924, was 4,274,- 945 barrels. alt Creek is shown to ve had an output last month of 3,511,478 barrels, or 38,173 barrels less than it produced in the preced- ing month of December, 1923. Of the 19 producing fields in the state two were entirely shut down, consequently having no production. Tabulation of figures follows: Total Production Entire Field. Field In Bbls. | Salt Creek -3,511,478 Teapot -. - 123,247 Grass Creek - - 96,614 Elk Basin 41,468 Notches .. Shut Down Big Muddy 103,527 Pilot Butte (estimated) 2,000 Lance Creek -. 54,893 Rock Creek 105,609 Osage (estimated) 11,672 Hamilton Dome .-. - 15,404 Ferris (estimated) _ 1,981 TRAINLOADS OF AUTOS ARE DELIVERED FROM PAIGE-JEWETT PLANT DETROIT, Mich., Feb. 23.— Trainloads of automobiles were the answer of the Paige-Detroit Motor Car company to demands of its dealers for Paiges and Jewetts for January- sales, according to Mr. Harry M. Jewett, president. One distributor, the Paige-Detroit company of New England took three solid trainloads during the month. Other trains were dispatch- ed from the Paige and Jewett plants to the St. Louis distributor, Chicago, Minneapolis, Des Moines and Philadelphia, As an instance of what can be expected is a recent clipping from the Boston Herald. “As a straw showing the trend of activity in the automobile in- dustry in the action of the Great Northern Railway in equipping it- self to handle a large and increas- ing motor business is significant, and goes a long way to prove that production of motors and acces- sories, both for pleasure and busi- ness purposes, is ever on the in- crease. Automobile manufacturers, distributors and dealers are already planning for a Busy season, and that 1924 will prove another record breaker in the motor industry is generally conceded.” ————.__— Speaking of Barrels Greybull --------.... Byron (estimated) Warm Springs 1,038 will justify the addition of advertis: ing lineage to the list of accepted business barometers, on the ground that in the majority of cases adver tising Mneage and general business increase together, but that the turn downward in advertising is followed from one to three months by a de cline in local activity. “It is hoped that extensive studies now being made along this line by my associates will make it possible to estimate not only the turning points but the severity of local busi- ness depressions by the relative de- crease in local advertising lineage. “Long swing studies along these concluded Mr. Babson, “Indicate that wherever advertising lineage declines steadily over a period of months, general business also falls off materially and that.in comparing several cities the locality suffering the gfeatest loss in adver- using lineage likewise experiences the most severe depression. BUSINESS BRIEFS Both advertis- Wyoming Typewriter Exchange Casper, Wyo. Arkeon Bldg. Phone 2626 in May. Newspaper advertising turning Advertising decreased be- Adver- It turned down In the year 192: general business following in Lineage increased in Septem- Your Money Here Means Safety Plus A dollar under lock and key i is worth two.in your pocket. Not true, you'll say, but con- sider a moment and you'll agree with us. The guarded dollar means no fear of loss by theft, spend-thrift, or speculation. CLEVELAND, Feb. 23.—Business CHICAGO, Feb. 23.— Property values in the Chicago downtown dis- trict have almost doubled in value in the last 14 years. A loan recent- ly arranged on a property compris- ing 24,000 square feet on State street revealed the fact that it had been bought in 1910 for $2,900,000 and as security for the loan now was estimated to be worth $6,000,000 or more. Auto- satisfactory business, while The latest These PITTSBURGH, Feb. 23.—A pros- perous year for the fire-porofing in- dustry is forecast by President H. M. Keasby, of the Natjonal Fire- proofing company here. He bases his assumption on developments which tend to show, he says, that expansion is general in all lines of business and industry. ’ —————____. CRUDE MARKET Grass Creek, heavy -----...-. Torchlight The You'll think twice before you remove the guard, because he’s: your dollar’s best friend. . If the will to the state public utilities to in- Here we extend the utmost vigilance to Keep your dollars intact—we offer savings “or checking accounts and for your con- venience highly ‘Protected safety boxes. ATLANTA, Feb. 23.—There has listless, al-| The Citizens: National Bank Consolidated Royalty Bldg. increase their purchases. Sunburst Hamilton Dome Ferris . --—--. Byron - Notches Pilot Butte Lander -. started earlier than usual. The whisky barrel may have been taken out of politics, but the good old pork barrel is with-us yet. —Rochester Times-Union. ee Many Tribune Want Ads ———_ Tribune Want Ads bring results. results. - 16% 16% ° <3 aS Wer Continental = 49% 50% Higher at Continental, = ek Galena = 64% 65 Illinois ~~ — 141 143 Indiana - 91 94 Nat. Tran. — PO gRniNas N. ¥. Tran © 2 ss) 86 Nor. Pipe - 100 101 Ohio Oi! Somers the small amount on the Chicago | Prairie Ol | BEY pak stoc Prices scored some gains,| soar Ref, = 339 ped however, a8 they did in the oats| Sou. Pipe a} market. Ki z Today's range of grain and pro- z vision prices follow: P ‘ b Open High L6w Close| 8. O- WHEAT: 8. 0. Ohio May 11% 1.10% 141 | Vacuum, - % 1% 111 1.11% 1s" 6; Ina. = 11% 1.11% 1.11% —_———" For results try a Tribune Clas. 80% .80 sified Ad. 81% .80 81% 49% 46% 43% INCOME TAX SERVICE C. H. REIMERTH Certified Public Accountant 400—401 O-S Bldg. Phone _767 30 11.25 50 11 Surveying and Locations Geologists, Oil txperts, Oil Field Maps, Blue Prints WYOMING MAP AND TRAIN SCHEDULES Chicago & Northwestern W. E. KING A. O. OLSON BLUE PRINT CO. Non 00 ann rep. Room 10, Daly Bldg, None Aap rive 5:00 D. m ANNOUNCEMENT fe (Se 0. 80 nme nnnnmnn nnn nnn-8:10 D, mm. 8:35 p. m ees tnotea No, 29 No, 31 Wiring Supplies FIXTURES, LAMPS, ELECTRIC APPLIANCES Radio Supplies Motor Repairing Electric Supply And Construction Co. 7.30 a. m. Sateen nnn nnn tem en nn nnn--7:10 &. mM. 9:55 D. m. KING and OLSON announce the opening of offices in Suite 5, Zuttermeister Build- ing, where they will do a General Account- ing, Auditing and Income Tax business. SALT CREEK BUSSES 3 Busses a Day Each Way LEAVE bara aT tae NG Leave Salt Creek HONE 1910-J 142 E. Midwest Phone 483W Gate aee and Pxtress. 8a m. Estimate Gladly Furnished it Cree! rtation .2 pm 2:80 p. m. Company Tel, 144 3 p. m.