Casper Daily Tribune Newspaper, February 27, 1924, Page 9

Sree, fhe Casper Daily Cribune PAGE NINE TEXACO CLUB IS NEW ORGANIZATION HERE Seeks ick Texas : STOCK TRADING CORN PRICES I TRREGULAR) SOAR HIGHER! New Record for Season|Bears Unable to Force Gen-| Czechoslovak Rep, Reached In Trading eral Decline In New Serencih THeenoee Today York oe yee Japanese 4s Kingdom of Belgium, 8s Kingdom ‘of Norwa és NEW YORK, Feb. 27—Bear trad-| CHICAGO, Feb. 27,—Peraistent | State of Queensiand, 6s ers were unable to make much head-| buying on the part of commission | U- K. of G. B. and I., 5%4s 37 way among the standard stocks in| houses gave fresh strength to the E Railway and Miscellaneous today’s market, which presented a|corn market today in the early deal-| American Smelting, 5s spotty appearance. A sharp break|ings. General demand was also | \merican Sugar, 65 —. Allied Chemical & Dye ~---..-.67% American Can »| Black Stone Salt Creek .30 Chappell - ---~--. 22 Columbine --.---..-. 08 Central Pipe Line -.. 2.15 Consdiidated Royalty -1.28 Cow Gulch --.--...--. .03 Domino ~ -----«------ .09 Elkhorn ~ ...-.------ .04 E. T. Willams -._... .54 Fargo ------——--.-. .12 American Em American International Corp 21% @S tO] American Locomotive ——....74 America: American T & T_. a-~-128% American Tobacco: —.-. ~145% . Atchison ae Organization of The Texaco club] ties, etc. during the summer raw ran along lines successfully followed at | ™onths. angeles ‘ows Sones ° in Smelting and Refg Find Outlet in Club Modeled After American Sugar | so aem an Those at Other Refineries. American ‘Tubscoo’ ——————148¥4 Anaconda Copper warlous plants of The Texas com-| “Th? Texaco club” foals that it| Eaitmore @ Ohio oe eat ina Pettected here. and will prove a strong ally to “The Bethlehem Steel —-----______57% Texaco Athletic association,” organ- Frants 6.50 in the Vi Carol reas Soret Te. COL tres. & California Petroleum —-------_.26 - --8.! in the Virginia lina, Chemicat| broader, whe: Offerings were | Anaconda ( a lively program for future activi-| ized Rot fara A deen any veseny Canad Pacific --.------_-147% Gates . —-- -10 issues was the principal feature,|otly of a scattered character. Bad iunconde prone ne tles is already in the making with | base! ory by inning practi. Central: Leather ___ z 44 Jupiter . ----—~---. .00% Steels and coppers led the rally|roads as well as rural dissatisfac- | At. T. and San. Fe., ge., 4s — prospects that the club will play an|°@y every game it played during Cerro de Pasco Copper the 1823 season, in Casper and other watt important part in the social life of points throughout the. state. Chandler Motors the’ city. The club will fill a long felt want Chesapeake & Ohio ~-------__6815 ‘The Texaco club, as its name im-|tn affording a greater variety of Chicago & Northwestern —-.._.51%, plies, is Mmited in membership to| amusement for its members than is Chicago, Mil, & St. Paul pfd 23% employees of the various depart- available under presenet conditions Chicago, R. I, & Pac. --_----— 23 ments of the Texas company, and | and the fact that the higher officials Chile Copper -----. =i its ‘affiliated companies operating | of the several companies are giving ChinO Copper ~--———-—-—_--__17% throughout Wyoming, and has been | it their unqualified support assures Conselidated Gas ---______.___63% organized for the purpose of afford-| its success for the start. j Gora. Products .————--———---174 ing its membership varied social ac-| The following officers were elect: Cosden Oil .. Kinney Coastal ...... 12 which set in duri: t the t1 > Cv, Be ~ ei a in during the afternoon.|tion with prices were said to be | Baltimore and Ohio cv Mi as: Sales approximated 700,000 shares. | curtailing the movement of corn in Bethlehem Steel con. mix ee He ne 24 the country, Opening quotations Fenading Fait deb., soc: —----—--= | 4 A. which varied from the sam: es- | Chicago, Burlington and Quincy re! Mountain & Gulf 140 145 | NEW YORK, Feb. 27.—Reaction-| Mrauy's finish to Me hicher Mev | Chicas, MIL, and St. Paui cv’, 43 New York Ol 11.50 12.50 |*ry price tendencies prevailed at! ita “ta sige, wees folmed ny | Chile Picardy . ~.---.-.-. .04 05 _| the opening of today's stock market. gains all around. * | Great Preston) ---———--—--== 00% 01% | Heaviness was again apparent: in| s0" the later trading, July and Red Bank --—.---9.50 20.00. |{he copper shares in further ‘re-| contember deliveries both touched a Royalty & Producers. .09% 104 eee pobre of the Ana! new high price record for the sea Sunset . -.--........ 01% 02 conda ividend, Missouri Pacific ds ug r, r Tom Bell Royalty --.. .02 | .03 | preferred dropped about a point and | <0"; ,, Closings quotations were firm, inion aan 3 5% nena —----- 59% ‘orthern Pacific ref. western Bel %; y a air Con O11 Col., % tivities and opportunities of getting |ed to serve for the remainder of Crucible Steel — Weatern Exploration - 3.65 3.70 | United States Cast Iron Pipe broke pop ah a tea neck ene) MRP Thorn Phaiie eve 46 together on a basis of better under-| the year: Cuba Cane Sugar, pfd Wyo. Kans ...-.--- .15 80 | 2%. Wheat and cat: " Union Pacific First 4s .. standing and closer cooperation. F. B, Capen, president; R. R: Leg. Erle - --------—-—-—-. Western States See | Buying of the steel shares| corn strenath, Some oe th | U. 8. Rubber a... It is understood that the enter-| ett, vice president; W. H. Merrill, Famaus Players-Lasky — ¥. Ol —-------—---— 11 13 | steadied the list somewhat around | °F? Strength. Some of yesterday's | titan Power and Light Ss 8835 tainment committee is already at| secretary; §. W. Hunt, treasurer, General Asphalt ~ work on plans whereby the club will/G, O, Shefstead, sergeant-at-arms. General Electrio - hold several invitation dances dur-} Directors elected for 1924 were J. General Motors ing the remainder of the winter and| A, Howser, chairman; W, L. Ron. Great Northern pfa the early spring, to be followed by |aldson, John Fitzpatrick, A. L. Mer- Gulf States Steel picnics, field-days, watermelon par-|ritt and T. V. Blackman, Illinois Central .. Inspiration Copper - International Harvester Int. Mer. Marine pfa International Paper —. * | Invincible Ol ------.---—. Kelly Springfield Tire Kennecpt Copper ST. LOUIS, Feb. 27.—Union men) from Texas to Kansas pasture would 1!™@ Locomotive —_ liers of wheat turned buyers, 3 ¥ the end of the first half hour, Guilt | “® Ce ikd lower [ree Union Svs NEW YORE CURB CLOSING || States advancing a point and United | After Pening % to %@tkc lower, | Westinghouse Hlectric Bid Ack | States Steel common %. Gains of! 1 cou to $1.09%. wheat scored a Mountain Producers 17.12 17.25|a point or more also were regis: | {00% tO $1.09%, what sod 4 ot Glenrock Oil --—~.. 40 -48| tered by DuPont, Davison Chemical ve t ‘ d it O l Salt Creek Pras 20.78 21.00|and Sears Roebuck. United States| oscrves nttrnsted eee, farm aug er y an capo 1 Salt Creek Cons —-..-- 8.00 Cast Iron Pipe extended its 1088 t0 | close wan firm, % to %o net higher, r Mutual . ~sigmcseenel-18 1: 3% pointe, touching 64%, a new , ‘i i - Yew York Oi = Had aso [ish Tow. "Virgins Carsina creme |e OoH,O HK st T/T Age Defende efore 5 Prod. and Refre. $4.75 35.00 issues also touched new 1ow|” Oats started at a shade to Ke ui 38-78 31-50 | Prices, the common dropping 1% | way 48%c, then continued ‘to 62.00 |and the preferred 24%. Chile Cop- x! 2 . Ri 2 is| i Sah Anwar |"Eteae wore weaene wy «| WYOMING Petroleum Club * ——- moved to higher ground, the com- @rop in hog values. 110° 109% 110 107% J0T% 10734 ; . being regarded as one of the zt peat fs t te itiee | bo-then . Louisville & Nashville -. ey Open High Lo se iH thy ain EEGs, bere Fy Sy er Tip cay esate ae ye Mack Truck - IVESTOCK few to operate at a, satistactory | wrap; '°" Mish Lew Clot C. M, Werun, an attorney of Col- will hold sufficient off to supply the St jemaber M Hedi epee Shank Laney fe tl heceoese Marland Oi L prot at present prices of copper. = 1,09% 1.10% 1.09% 1.10% | UMbus, O., and a life long friend of line for several days in case the Foreign exchafhges opened irregular. Trading became extremely slug- Chicago Prices. gish during the morning. Further CHICAGO, Feb. 27.—(U, 8. De-| weakness developed in the Virginia negro layers and plasterers are | leases. Usually pasturage is applied “xWell Motors _ arriving here, and from 10 to 15 per|for in January and leases are closed Midite States Oil cent of the work now in progress|by February 15, Excellent range ™!ssouri, is being done by them. _ 1.09% 1.10% 1.0914 1.10% | Attorney General Daugherty, an un-| production of the wells goes oft for Tl 1.09% 1.10% 1.09% 110% | PTsrammed speaker, last night|some unforseen reason, such aa | proved a welcome addition to the| storms or floods or fir south and west Texas, are held re- WICHITA, Feb. 27.—The Kansas|*P0Msible for this year's situation. City, Mexico and Orient railroad wil be sold to “the best and highest ATLANTA, Feb. 27.—The Central bidder” here March 27 to satisty a of Georgia railway will award con- government lien of $2,500,000. tracts April 1 for $5,000,000 worth : of track improvements between Co- lumbus, Ga,, and Birmingham, Ala. FORT WORTH, Feb. 27.—Well| Included in the work is elimination posted cattle men dedlared today|of 43 crossings and the straighten. that the spring movement of steers|ing of 83 curves. Commodity Trade News Cotton. barrels, a decrease of 31,830 barrels ATHENS, Texas, Feb. 27.—Cotton | from December. Stocks increased growing on the plains of Texas has | 2,329,680 barrels and 120 new wells received new impetus from the an-/ were completed with 84,364 barrels nouncement that H. F. Underwood | Initial production. of this place wili build a 20,000 bale compress in Plainsdew. Swischer SHREVEPORT, Feb. 27.—Re- county, hitherto a ranching district, | organization of the Arkansas Natu- is plowing for a large cotton acre-| ral Gas company has been consum- age. ¥ mated by the transfer of oil prop- erties in Louisiana, Arkansas, Okla- SHREVEPORT, Feb. 27.—Andrew | homa and other, states to the Querbes, president of the Louisiana | Arkansas Fuel Oil’ company, for a Cotton Growers’ Co-operative Mar-| Consideration of $8,173,450 | repre- keting association, declared today | S¢nted by stock in the Vendee com- that by July 1, all cotton growers’ | pany. co-operative assotiations would be brought under one management with headquarters at Memphis. . — : Milk. READING, Pa,, Feb. 27.—City authorities have asked the aid of milk companies in seeing that milk BT LOC emotes. wan an-| 1% delivered to families under quar- antine by health authorities only in nounced at the cloge of the auto- mobile show here that this city had | P@ffined paper bottles, which may manufactured $49,048,462 worth of | ® burned when emptied. automobiles in the last year. Wool. SEATTLE, Feb. 27.—Sheep men Auto Accessories. .|in Washington, Oregon and Idaho 4 » Feb. 27.—The | are confident wool prices will ‘be Eaton Axle and Spring company 18| higher owing to the spread of running night and day in both| cooperative marketing, and figure bumper and spring plants and the}. strongly on getting more money axle plant is working at about nor-| for their clips that they are declin- mal capacity. ing to contract for the wool on the sheep's back, Beans, WILMINGTON, Del., Feb, 27.— Chemicals. Canners are having great difficulty! ATLANTA, Feb. 27.—The fer- in getting farmers to raise sufficient | tj1jzer industry of the south has string beans this season, although | peen keenly disappointed at -the they are offering contracts specify-| poor business so far this year. ing payment of $50 a ton. The! Many mixing plants which operated farmers say growing this crop |tast season have not opened at all. means too much work. ‘Weather has been adverse for plant- ing and bankers are urging restric- ou. tion of cotton acreage. The pur- LOS ANGELES, Feb. 27.—Total | chases of calcium arsenate this year California crude oil production in| by the state will be higher than January amounted to 20,915,500] ever before, however. conditions in this state, especially in Missouri Pacific, ptd SP eae held te New York Central - H. & Hartford -. Northern Pacific Pan American Petroleum B Pennsylvania | Republi Iron & Steel -. | Sears Roebuck * Sinclair Con. Ot! Southern Pacific ~~. Southern Railway Standard Oil of N. J. =. Tobacco Products A -.~~.--. ‘Transcontinental Oil Union Pacific ---.-----------130% United States Rubber United tSates Steel XD -. Utah ‘Copper ‘Westinghouse: Electric ~~ Witys Overland Amer. Zinc, Lead & Sm. ‘Butte & Superior Colorado Fuel & Iron Montana Power -. National Lead Shattuck Arizona nt | Continental —--—---- 49 Cumberland PEO ( ) Indiana --------------- Nat, Tran | ----—------ N. Y¥, Tran’ ----------- Nor. Pipe ---—------ 100 Ohio Oil -.. Prairie Ol! —-. Prairie Pipe --. 8/0.) Kan: 8S, O. Ky -----------—— 8 Os Nebyy ats S. O, N. ¥, -.--------- Ohio ---------. 823 Vacuum (---—---—_----63% 8. P. Oil *-.-.--.. 8. O. Ind. -------. Market Gossip and Briefs On Operations in Oil Fields Crown Block Wrecked In lifting the string of 6%-inch casing Monday in the Steele Creek test being drilled by the Tarrant syndicate in Johnson county, the crown block was pulled in. An or- der has been sent to Salt Creek for another block. The depth of the hole is now 2,318-feet. As soon as the derriek is repaired the 6%-inch casing will be run again. Pat O'Connor Fishing At 2,335 feet in the test being drilled on the Pat O'Connor ranch near Kaycee by the Maxwell-New- com interests, tools were dropped, A fishing job is being done. Medicine Bow Drilling It is expected that the objective sand in the Medicine Bow test will be encountered at any time now. This test is attracting widespread interest, Wyoming Oils NEW YORK, Feb. 27.—Prices of Wyoming oils at 2 p,m, today were * Usted on the New York Curb as follows: Standard Of! (Ind.) 61; Boston) Wyoming 1; Mountain producers 17; Mutual 12; Omar 70; Salt Creek 20%. Sie ds ee FLAX. DULUTH, Minn., Feb. 27.—Close flax: March, 2.57; May, 2.57; July, 2.53%; February, 2.57. Butter and Eggs CHICAGO, Feb. 27.—Butter— Lower; creamery extras, 48%$¢; standards, 48%c; extra firsts, 47% @48%Kc; firsts, 47@47%c; seconds, 45 %4 @46c. Eges—Lower; receipts, 19,796 cases; firsts, 250; ordinary firsts, 22@23e. COTTON NEW YORK, Feb. 27.—Cotton spot, quiet; middling, 29.55. CRUDE MARKET Lance Creek ----------------- 1.75 Osag Grass. Creek, light ----------- Grass Creek, “heavy ---------. Elk Basin --.-—. Rock Creek -...---. Mule Creek Hamilton Dome Notches ------—-------------- Pilot Butte | POTATOES CHICAGO, Feb. eS I gs 0 27.—Potatoes— market. weak; ceipts, 78 cars; total United States shipments, 1,031; Wisconsin sacked $1.30@1.40; few fancy, $1.45; Minne- sota and North Dakota sacked Red sacked Russets, $2.256@2.35. ————— MINNEAPOLIS, Minn., Feb. 27 nged, Bran $23.00@, —Flour uncha: partment of Agriculture.}—Hogs— Receipts, 38,000; uneven; mostly 15 to 200 lower than yesterday's best time or around 6 to 10c lower than he close; light weight show most Jecline; few choice 280 to 325 pound yutohers, $7.10; good and choice trade scaling 200 pounds and more, 17.00@7.10; desirable 150 to 190 sound averages, mostly $6.75@6.95; sulk packing sows, $6.10@6.30; bulk weighty killing pigs,, $6.00@6.40; heavyweight hogs, $7.00@7.15; dium, $7,00@7.10; light, $6.80@7.0! ight Meht, $6.10@6.90; packing ows, smooth, $6.30@6.45; packing sows, rough, $6.00@6.30; slaughter igs, $4.50@6.50. Cattle-—Recelpts, 11,000; beef iteers of value to eell at $9.00 and above, steady to strong; others and fat e stock, uneven, generally iteady; top matured steers and year- ings, $11.00; numerous loads weighty fed bullocks, $10.00@10.75; shipping demand fairly broad for ‘ig welght offerings; bulk fed steers, 31.75@10.00; several loads downward to $7.25 and below to killers; stock- ors and feeders, active, strong to 6c higher; country demand fairly broad; half fat steers on Mineral Point, Wis., account, late yesterday, 38,85; bulk stockers and feeders, 35.50@7.25; vealers, unevenly lower, mostly 25 to 60c off; other kinds, about steady. Sheep—Receipts, 13,000; fat lambs, fairly active, steady; sheep, strong; feeding and shearing lambs,. 25 to 40c higher; desirable fat wooled lambs, early, $15.75@16.15; top to shippers, $16.25; choice medium weight fat ewes, $10.00; shearing lambs 180 short killing end, $15.50. E] Omaha Quotations. OMAHA, Neb., Feb, 27.—(U. 8. Department of .Agriculture.}—Hogs —Receipts, 25,000; fairly active, mostly 25c lower; common and me- dium light hogs, 25@35c lower; bulk 220 to 300 pound butchers, $6.65@ 6.70; top, $6.75; desirable 180 to 210 pound weights, $6.25@6.50; com- moner grades and light lights, $5.50 @6.25; bulk packing sows, $6.00@ 6.10; smooth grades up to $6.25; average cost yesterday, $6.79; weight, 240. Cattle—Recetpts, 7,000; beef steers and yearlings, moderately active, strong to 15c higher; in-between grades showing most advance; top steers, $10.25; few loads, $9.50@ 10.00; bulk steers and yearlings, $7.85@9.25; better grades; fed heif- ers, strong; other grades, she stock, vealers, stockers and feeders, steady; bulls, 15@25c higher; bull butcher cows and holfers, 34.10@ 6.50; canners and cutters, $2.25@ 3.50; bologna bulls, $4.00@4.50; veal- ers to packers, $9.00@9.50; bulk stockers and feeders, $6.00@7.25; top feeders, $8.00. Sheep—Receipts, 17,000; market slow; few sales killing classes, steady to strong; fat lambs, $15.00 @15.25; top, $15.35; two loads light ewes, $9.50; feeding lambs, scarce; two loads 95 pound shearing lambs, $14.25. Denver Prices. DENVER, Colo., Feb. 27.—(U. 5. Department of Agriculture.}—Hogs —Receipts, 1,600; early sales to shippers and packers, 10 to 200 lower; packers buying mostly at minimum decline; top, $6.85 paid for load good to choice light weights; other medium to choice kind, $6.50 to $6.70; packing sows, steady, most- ly $5.75; few fat pigs, $5.50, steady. Cattle—Recelpts, 300; calves, 50; run mostly medium she stock; stock steers, weak; few loads cows, $4.80 to $5.05; other classes, around steady; odd feeder steers, $8.00; can- ners, $2.00; best vealers, $11.00; plain to medium stockers, $5.60 to $6.40, Sheep—Receipts, 1,300; slow; early sales fat lambs, steady ‘to weak; few loads good Kind, averaging around 88 pounds, $14.65, freight paid; two loads choice weight offerings, $14.50 fiat; bulk held higher; one load 96 pound fat ewes, $9.25, fully steady. Carolina Chemical issues, the pre- ferred extending its loss to four Points and the common to 1%; new low prices also were established by American Express 95, off one, and American Agricultural Chemical preferred at 33, off three, and Chi- cago and Eastern Tilinols .preferred at 44, off one. Heaviness again cropped out in the olls, Pacific, Phillips Petroleum and Pan-Amert- can B each dropped about a point. Fisher Body jumped six points to 205, duplicating its year’s high price. Call money opened at 4% per cent. Prices of leading speculative shares crept up slowly later, despite a continuance of the drastic liquida- tion of Virginia Carolina Chemical stock and bond issues, Virginia Carolina Chemical stock and bond issues, Virginia Carolina Chemical convertible 7448, series, A, collapsed 14% points to 42% following an earlier slump in the 7%s which war- rants, of 15% points to 40%. The closing was irregular; short covering operations in the late af- ternoon brought about moderate raVies in Baldwin, American Can, Studebaker and a few other iesues, but heaviness persisted in other parts of the list, Lorillard Tobacco drepping four po!nts. Foreign Exchange NEW YORK, Feb. 27,.—Foreign exchanges easy: Quotations in cents. Great Britain demand 429%; cables 429%; 60-day bills on banks 427. France demand 4.09%; cables 4.10, Italy demand 4.28%; cables 4.29%. Belgium demand 3.51%; cables 3.51. German demand (per trillion) .22. Holland demand 87.32. Norway demand 13.14, Den- mark demand 15.84. Switzerland de- mand 17.32. Spain demand 12.61. Greece demand 1.71. Poland .000012. Czecho Slovakia demand’ 2.90%; Jugo Slavia demand 1.26; Austria demand .0014. Rumania demand .53; Argentinia demand 34.25; Bra- zil demand 12.12; Toklo demand 444%; Montreal 96 13-16. Se MAN SENTENCED FOR BOOTLEGEING SEIZED WITH SERIOUS ILLNESS Frank Downs, who was sentenced to 90 days in the county jail when he pleaded guilty to a bootlegging charge before Judge R. R. Rose January 9 last, was taken to the county hospital this morning suf- fering from acute appendicitis. The man is in a critical condition with an immediate operation imperative, Downs career as a bootlegger was terminated abruptly. One evening as he stood in the doorway of his bedroom in the Clowry rooms he saw a stranger walking down the hall. Downs invited the stranger Into his room, gave him a, drink and then sold him. a pint. The stranger proved to be a deputy sheriff and Downs forwith landed in a cell. LIBERTY BONDS NEW YORK, Feb. 27,—Liberty bonds closed: 3%s, 99.6; first 4%s, 99.5; second 4%s, 99.3; third 4%s, fourth 4%s, 99.6; U. 8. vernment 4%4s, 10! SILVER NEW ‘YORK, .Feb..27,—Bar silver 81% 82% 81 82 81% 82% 81% 8 81% .82% .81% 49% 48% AT 46% 467% AB% 43% 43% 11.25 11.20 11.25 W147 11.42 41.47 10.02 9.97 9.97 July w--- wnne 610,02 BELLIES: May =) eat DABIRT, July wose (10:68 Cash Grains and Provisions. CHICAGO, Feb. 27.—Wheat, No. 1 hard, $1.12%@1.14; No. 2 hard, $1.13%. Corn, No. 3 mixed, 77% @ 780; No. 3 yellow, 78@80c. Oats, No, 2 white, 49@49%c; No. 3 white, 48% @49%c. Rye, no sales, Barley, 68@8lc. Timothy seed, $6.00@8.25. Clover seed, $18.00@24.00. Lard, $11.02. Ribs, $9.50. Bellies, $10.12. GLENROCK BIDDING FOR PERMANENT CAMP. FOR WYOMING -BOY SCOUTS GLENROCK, Wyo., Feb. 27.— Plans for a permanent state Boy Scout camp are attracting interest here, with Glenrock in the running for the site. Because of its being near to the geographical center of the state, this town is thought to have a good chance of bringing the camp to the territory immediately surrounding it. The matter has been taken up by the Community club and an effort will soon be made to induce scout officials to favorably decide on Box Elder park whieh was ceded by the. government to Converse county. FlintLock Gun Found At Buffalo Is Ancient Piece BUFFALO, Wyo., Feb, 27—Much attention is being attracted to an old flintlock gun displayed In the store of B. H. McCarthy here, Ten years ago Bill Drew was building a fence near Pumpkin Buttes. He came across the end ef a gun bar- rel sticking from the ground. The rest of the weaponu was deeply bur- rest of the Weapon was deeply bur- found, that was in common use be- for the civil war. It bore the in- scription “F. Lehman, Lancaster, Pennsylvania. The piece of flint is still firmly clamped on the trig- ger above the powder pan. The wa'nut stock is practically gone. It is probable an early trapper owned the rifle. MONEY . ! NEW YORK, Feb. 27—Call mon- ey firmer; high 414. low 4%; ruling rate 4%. closing bid 4%; offered at 4%; last loan 4%; call loans against acceptantes 4; time loa: firm. mixed collateral 60-90 days 4% @5 4-6 months 4%@5; prime commer- cial paper 4%. NEW YORK, F ket for refined sugar was quiet and prices were unchanged at $8.90@9.15 for fine granulatea. Refined futures nominal, Sugar futures closed steady; ap- proximate sales, 25,000 tons. ‘ch, 5.42; May, 6.48; July, 6.62; Septem- 64; Mexican dollars 487%. ber, 5.60, regular meeting of the Wyoming Petroleum club. Mr. Werun is in Casper purely on a pleasure trip. acquainting himself with the oll in terests of the state while here. Mr. Werun tn his talk last night defended Daugherty in his offictal position and also in his relations to the Teapot Dome lease. He stated that it was his private opinion, as well as the opinion of many men who have studied the situation closely, that the Mammoth lease was for the best interests of the government and that time would prove this contention, L. L. Langworthy, pipe line ex- pert for the Midwest company, was the principal speaker of the evening, He discussed plpe line systems from their beginning in this country to their present high state of develop- ment. He said in part: “The proviem of oll transporta- tion began with the discovery of oil in Pennsylvania. It was first han- died in barrels. The next develop- ment was that of hauling the oll in tank wagons to the railroad, where it was loaded into small wooden tanks mounted on flat-cars, “The greatest opposition to pipe line development came in the early days from a powerful adversary. An organization which was at that time the strongest in the country— the, railroads. They looked upon the plpe line as a competitor which must be eliminated and they went at the job tooth and nail. The railroads with their money and in- fluence took the fight into the na- tional and state legislatures, into all the courts, even to the labor market. “Modern pipe lining {s quite a dif- ferent matter, although there are new problems always coming to the fore, it is merely a matter of as- sembling the proper corps of capi. talists, accountants, Inwyers and en SUGAR li b. 27.—The mar giners and the concern goes over. The laws today, both state and na tional, are more favorable to pipe Ine companies. As common carriers they have much the same rights as the railroads, including the emin. ent domain. The railroads have come to look upon pipe lines as a necessary evil and each has learned to help the other in developing new and unsettled districts. “Pipe lines have been made to handle ofl of similar characteristics in Mexico where the heat is almost tropical, and in California, the land of perpetual sunshine and hot alr; but evén in Mexico, it was found necessary to insulate the lines with felt to keep the heat in, and to cover the felt with tar to keep the mois- ture out. Considering this knowl- edge and the difference in mean temperature between Mexico and Wyoming, {t would not seem far out of place to apply to our lines two thicknesses of %-Inch wool felt and a spiral wrapping of roofing paper mopped with hot tar. “Precautions which must be taken in the pipe lines are against a shut- down and that 1s to. provide a stor- age tank at the pump station which “Operating a main line is in most cases a rather heavy job and ls handled by an oil dispatcher much as a railroad is handled by a train dispatcher. He has before him a chart which shows the whole sym tem including all pumps and tanks and gate valves. Each item ia numbered so that he can refer to {t readily when issuing orders. Dts patchers invariably prefer the tele« graph to the telephone as a means of keeping in touch with all the stations, “The dispatcher knows at all times which pumps are {in use, which gates are open and which tanks are being used at all stations on his division, Every hour tha amount of ofl received at each sta: tion is checked against tho — af] Pumped at the preceding station and if the two amounts do not tally it is assumed that there ts a leak tn the line and the repair gang leaved to make repairs," METALS NEW YORK, Feb. 27—Copper steadier; electrolytic spot and near+ by 13% @13%. futures 13% @13%. Tin steady; spot and nearby $55.08 futures $54.50. Iron steady; number 2 northerm $22@$23. Lead steady; spot $8.70@$9.60. Zinc quiet; East St. Louls epee and nearby $6.60@$6.85, Antimony spot $11.00. BITTER TEARS ARE SHED OVER AWARD OF JURY IN HOUND GASE BUFFALO, Wyo., Feb. 27—"Tt ees one dam’ shame.” says Antone Sylva, as he weeps over the jury decision which gives Joe Clanin a $10 hound which once belonged to the Frenchman. Over the posses- sion of this dog which in the first place cost Sylva only a ten-spot, the two ranchers have been battling for months.” The case got into court here several weeks ago, The jury at that timo was in session for a Cay and a night and finally reported itself hung. Another jury 1 ment was that Clanin was entitled to the dog. a ae Surveying and Locations Goologists, Oil txperts, Oil Field Maps, Blue Prints WYOMING MAP AND BLUE PRINT CO. P. 0. Box 325 Room 10, Daly Bldg. WANTED TO BORROW $10,000 10 Per Cent Interest. Secured by $20,000 worth of good realestate. Will pay the loan of f $500.00 month. LOAN ABSOLUTELY GUARANTEED P. O. Box 692 roml |