Casper Daily Tribune Newspaper, March 26, 1924, Page 9

WEDNESDAY, MARCH 26, 1924 Brits sno «2 Cl Cet aa Che Casver Daily Cribun PAGE NINE GAS AND EXTRACTION PROCESS DISCUSSED Wyoming Petroleum Club Addressed on Subject By A. W. Peake, Production Engineer for Midwest Refining Company. Much {Information was contain- ea in the talk on natural gas and gasoline extraction processes given by A. L. Peake of the Midwest Re- fining company at the meeting of the Wyoming Petroleum club last night. 5 Following an exposition of na- tural gas properties, Mr. Peake dealt in detall with both the ab- sorption and compression processes of extracting gasoline from gas. In- teresting data on the relative econ- omief of these two methods were prestnted. The talk was ably given and was the feature of the club's program. ~ Use of 8-n-1 water purifier or water softener in preventing scale and clogging tn off field doflers, was explained by Mr. Simmons. Difficulties that are experienced by ofl companies in maintaining op- erations and field camps in Alaska were recited in a letter read to the club by Ernest Marquardt of the New York Ol company. The writer of the letter was mentioned as being head engineer for the company in Alaska. But two more meetings are to be held by the Wyoming Petroleum club before the winter season closes and the spring campaign of general field work makes it impossible for members to attend regularly. In order to end the meetings in a social way, @ committee was appointed to arrange a banquet. This affatr will be held four weeks hence, . Trade Reports Point to Big Easter Season, Claim By J. ©. ROYLE. (Copyright, 1924, by Casper Tribune) NEW YORK, March 26,—The volume of Easter retuil trade in the United States has already reached tremendoys proportions. Not only does it show no signs of slackening, but there is every evidence that it will increase steadily owing, in part, to the fatt that Easter comes this year as late as April 20. ‘The fact has encouraged retail buying which for two years past has been ham- pered by bad weather the end of Lent. This year, both retailers and the weather will have been stabilized before the middle of April. The accuracy of the abdve state- ments is being fully borne out by the volume of trade in the last week in New York, Chicago, Philadelphia, Denver, Kansas City, St. Paul and other trade centers. Eight of the largest department stores in Chicago report’ they did more business last week than during any other similar period since the holiday season. Commodity Soda Fountain Equipment BOSTON, March 26.—The America Soda Foundation company continues to operate its plant at capacity. For about a year the company has been turning out fountains and drink dis- pensing apparatus as fast as pos- sible, Nuts 5 PORTLAND, Ore., March 26.—A shipment of 15 tons of Oregon wal- nuts were despatched from here to- day on the steamer Virginian for New York distribution. i Cement ST. PAUL, March 26.—Construc- tion of a new concrete bridge to cost $1,621,810 under the contract just awarded to the Pegels Construction company of Minneapolis will be started at once. It will improve con- nection with the packing and stovk- yard district on the south side of the Mississippi river. —_— Flour ‘KANSAS CITY, March 26.—The hard wheat flour market continues somewhat slow. Big buyers have not taken hold since the break in wheat prices some time ago. Cheap mill feeds make it difficult for’ millers to lower their quotations on flour for which big bakers are waiting. Coal CHICAGO, March 26.—The retail price of coke bas fallen $2 a ton to $13, altho demand this winter has Been good. Pea coal also is down $2 to $10 a ton. Livestock JEFFERSON CITY, Mo., March 26.—There are today 9,754,000 head ASSHULT TAL OPENED TOK (Continued from Page One.) being postponed until this term. The jury sitting on the case is made up of 12 men who are all mar- ried and all have children. They are Frank Robideau, Robert Kelsey, G. C, Evans, O. F, Ward, R. A. Barr, Peter Froensen, Guy McClung, H. D. Wilson, Clarence Springsteen, J. 'T. Freeman, B. J. Scherck and H. D. ‘Wilson. B. C. Vanatta ts representing the defendant although Decker practical- ly picked the jury himself conferring with his,lawyer before every chal- lenge. The admissability of the alleged confession signed by Decker June 8 of last year was argued at some length this morning. Mr. Vanatta contended that the confession was unfairly obtained and that Decker did not know what he was signing when he made an affadavit that he was guilty of the crime. Judge Rose ruled that if the con- fession were offered it would be ad- mitted. * Wholesalers thers also report more activity. Not only are the New York stores crowded but some of them have increased their extra employes who work only on Satur- day from 100 to 200. There has been a very consider- able delivery of spring stocks to re- tailers end the latter are not letting them remain quiescent on their shelves. The first showings of men's and women’s spring and gum- mer clothing have been accompanied by the most liberal sort of advertis- ing throughout the west and middle west, and it is known on unques- tioned authority that the a@vertis- ing appropriations of stores in the larger centers for the next 30 days are such as to rival those of the most prosperous periods of recent years. Aisles of retail stores have taken en the appearance of Christmas week and retailerg are placing re- orders with increasing frequency in the apparel lines. Trade News of Mvestock on Missourl farms. This comparés with a total of 9,826,000 a year ago. The animals are valued at $208 361,000. Receipts of cattle, sheep and mules are light at St. Louis stockyards. Stoel President A. W. Henn of the Na- tonal Acme company, manufactur- ers of automatic screw machine, says there has ben a slight increase in foreign business and that prospects are more encouraging than at any time in five years, Elevators CHICAGO, March 26.—Announce- ment by a large maker of elevators that heavy stock will be kept on hand for filling orders for immediate delivery is taken here to indicate in- creased activity in building thruout the country. This company has been operating at capacity for 24 con- secutive months on both passenger and freight elevators. SHREVEPORT, March 26.—The first unit of a three unit gas plant to cost $800000 has been put in opera- tion by the Union Power company. ‘The three units will have a capacity of 21,000,000 cubic feet of gas a day. Textiles ATLANTA, March 26.—The South- ern Railway that there were located on the south 984 textile plants, operating 12,896,055 spindles and 254,520 looms on the first of this year. This compares with 933 plants operating 12,370,357 spindles and 242, 900 looms at the beginning of 1923. AUTO onOW JETS RECORD (Continued From Page One) tinue for two more evenings. The doors are thrown open at promptly 7:30 each night, and are closed at 11 p. m. Entertainment is furnished those who attend throughout the evening. The admission has been lowered jy the association to a point that should be within the reach of everyone and has been set at 25 cents. _ If you haven't already attended the show you are urged to do so upon one of the last two evenings. Even if you are certain that no motér car could possibly interest you, drop in for a few minutes. You may receive the surprise of your life. Ses Se SaaS Flour. NNEAPOLIS, Minn., March 26. lour, unchanged to 10c lower; family patents, $6.35@6.45. Bran, $22.00. MID Se gees Drs. Morrison and Seibel are now located in their new offices, Room 204. Turner-Cottman Bldg. Phone 1927. : New York Stocks Last Bale ; Allied Chemical & Dye ---...65% American Can -...... 103% American Car & Foundry -158% American International Corp 18% American Locomotive ----....12% Smelting and Refg. 68% Sugar ~------—~_-..50% T&T. 128 Tobacco -.-----.--_137% American Woolen ~~ -...10 Anaconda Copper -.. Atchison Atl. Gult & Baldwin Locomotive Baltimore & Ohio --.---.....54% Beth'ehem Steel ~-—---__52 California Petroleum —--..-...24% Canadian Pacific -----------.144 Central Leather -.------_...13 Cerro de Pasco Copper ~-____44 Chanfler oMtors --.--.-......48% Chesapeake & Ohio —--.-..._73\ Chicago & Northwestern -.49%B Chicago, Mil & St. Paul pfd_.26 Chicago, R. I, & Pac -..._..23% Chile Copper .-.. wane -- 26% Chino Copper --..---..-..___.15% Consolidated Gas 1% }Corn Products eenn= —--=-- 178% ‘Cosden Ol! -.... Crucible Steel Erle . - Famous Players-Lasky General Asphalt General Electria ~--------...222% General Motors -14% Great Northern pf@ -------.-__54 Gulf States Steel IVinols Central ~. Inspiration Copper ---~-~~.-. International Harvester .. Int. Mer. Marine pfd -....—. International Paper Invincible Oil -.---. Kelly-Springfield Tire Kennecott Copper -. Lima Locomotive Louisville & Naghville ~-....-.92 Mack Truck .~. Marland Oll -..---------..... Maxwell Motors -. Middle States Oil --- e+ --- 75 wawene---102 Missouri Pacific pfd New York Central N. Y¥., N. H. & Hart! Norfo’k & Western Northern Pacific Pacific Oll .. se Pan American ePtroleum B Pennsylvania People's Gas -.. Producers & Refiners --—.-...30 Pure Ol! -... Reading p aA 23 Republic Tron & Steel --._.. Sears Roebuck: ~--------_. Stnclair Con. Of} --.--.-._-. Southern Pacific --.-.-.... Southern Railway ~~~... Standard Oll of N. J. -..---. Studebaker Corporation ~ ---...93% Texas Co. +....--.-.-. 41% Texas & Pacific ~-----..-....26 Tobacco Products A -~...-...84 Transcontinental Oil ----.---..4% Union Pacifico -..--—~....-.-128% U. S. Ind. Aleoho? -. United States Rubber United States Steel -.-.-----_.98% Utah Copper ~--~-------------65% Westinghouse Electric Willys’ Overland Butte & Superior ~~... Colorado Fuel & Iron .. Mputana Power ~_---___-_-.63B National Lead --—----..-_.140 Shattuck Arizona —--_____._.5\%B eye armboanr haat maaan Bid Anglo — «.—-~-------- 16% Buckeye - Continental . ~-----. 46 Cumberland ~ 1 Galena . ~..----------. (noise . ~..----------142 {ndiana woeree-—--- 93 Nat. Tran --.-..------22% N. ¥. Tran Nor. Ohio Oil ~.-.-—~.-.. Prairie Oll Prairle Pipe ——------103 Solar Ref. -.---...195 Sou. Pipe ---.. S. O. Kan --..-—-. S. O. Ky - Ss. O. Neb 8. O.N. ¥. -. weewenne--- 70 42% 110 239 42% 825 Vacuum ~ 63 Ss. P. 166% Ss. O. Ind 60%, CRUDE MARKET Cat Creek ----------------—-~-§1.95 Lance Creek ----------~-——-. 1.90 Osage Grass Creek light -----.-----. Grass Creek, heavy ---—----. Torchlight Greybull ----.... Elk Basin --.-.----—------— Rock Creek ----------------... Salt Creek Big Muddy -....--..--...---. Mule Creek -. Sunburst s------.----------. Hamilton Dome Notches ~----------------_-. Pilot Butte ~--..--. Lander SUGAR NEW YORK, March 26.—Refined sugar was unchanged at 8.40 to 8.60 for fine granulated, with very little inquiry reported. Refined futures wers nominal. SILVER NEW YORK, March 26.—Bar Silver, 64; Mexican dollars, 48%. | moderately active, AND QUOTATIONS BY LEASED WIR Blackstone Salt Creek Chappell . - Columbine — Consolidated Royalty 1.28 Central Pipe .. Cow Gulch Domino . ~. Wkhorn ~ EB. T. Williams Fargo - Franta Gates . Lance Creek Royalty Marine - ~.—--..—--3.50 Mike Henry ~ ------. Mountain & Gul¢ ---1.00 New York Off -..--11.75 Picardy - 02 Preston 007 Outwest won-- 00% Red Bank .. 17.50 Royalty & Producers Sunset 2-222... \08 Tom Bell Royalty --. .03 Wyo. Kans .....-.-.. .75 Western Exploration -3.55 ‘Western States ~. ¥. on . NEW ¥ 12.25 03 1% 00% 18.00 09 Mountain Producers Glenrock Oj) .«. Salt Creek Prds Salt Creek Cons New York Ol .. Marine —— Mutual . ~..-..-.---11.50 Prod. and Refra. 82.00 8S. O. Indiana S ‘LIVESTOCK CHICAGO, March 26. (U. 8S. De- partment of Agricultuse.}—Hogs— Receipts, 29,000; very slow; 5 fo 10c lower than yesterday's best time; lightweight show most decline; big packers bidding up to 0 for de- choice 150 to 225-pound weight, 5@7.40; top, $7.40; desirable 250 to 325-pound butchers, largely $7.25 @7.35; bulk packing sows, $6.55@ 6.65; common light Night and slaugh- ter pigs, 25 to 50c lower; bulk good and choice strong weight, $6.00@ 6.50; heavyweight hogs, $7.10@7.35; medium, $7.20@7.40; Mght, $7.15@ 7.40; light Nght, $6.35@7.35; packing sows smooth, $6.65@6.80; packing sows rough, $6.50@6.65; slaughter pigs, $5.00@6.75. Cattle—Receipts, 8,000; beef steers and yearlings, uneven; mostly steady to strong; spots higher; best matured steers early, $11.85; long yearlings, $11.25; liberal o: ings, yearlings in run; fat she stock around steady; canners, cutters and bulls, weak; bulk heavy bolognas, $4.50@4.60; strong weight vealers, steady to’ unevenly higher; bulk to packers, $10.00@10.50; Ught weight opening lower; stockers and feed- ers, steady. Sheep—Receipts, 7,000; ‘fairly ac- tive; fat lambs, stfong to 25¢ high- er; sheep and feeding lambs, strong; early bylk fat wooled lambs, $15.75 @16.25; best kind to shippers, $16.50 @10.65; choice medium weight fat ewes upward to $11.50; best shear- ing lambs, $15.76. Omaha Quotations ‘ OMAHA, Neb., March 26.(U. 8. Department of Agriculture)—Hogs Receipts 19,000; market very slow; early sales confined to shippers and yard traders; 5 to 10c lower; packers stock 15 to 25c lower; early sales good and choice 200 to 300 butchers $7.05 @$7.10; early top $7.15; desirable 180 to 210 pound weights $6.99@ $7.05; few lighter offerings on down to $6.50; packing sows generally steady; bulk $6:35@$6.40; average cost yesterday $7.10; weight 245. Cattle—Receipts 7,300; better grades beef steers and yearlings strong; others slow and steady; killing quality partly medium, to good; top steers averaging 1,251 pounds $11.10; best yearlings $10.00; bulk beef steers and yearlings $8.00@$9.35; she stock moderately active, steady; bologna bulls 10 to 15c lower; beef bulls and vealers steady; stockers and feeders steady to strong; bulk butcher cows and heifers $4.75 @$7.25; canners and cutters $2.50@$3.85; bologna bulls $4.25@$4.35; vealers to packers $9.00 @$9.50; few at $10.00, outsiders pay- ing upward to $10.50; bulk stockers and feeders $6.75@$8.00; one load warmed up feeders $9.00. Sheep—Recelpts $6,000; moderate- ly active, fat lambs strong to 2 higher; wooled lambs $15.65@$16.00; top $16.10; clipped inmbs $14.00; sheep And shearing lambs. scarce; two small lots ewes strong. Denver Prices. DENVER, Colo., March 26.— (U- 8. Department of Agriculture.)— Hogs—Receipts, 1,300; mostly steady to Se lower; top, $7.20; bulk of desir- able light medium weights, $7.00@ 7.15; faw sales, $6.90; other loads 130 to 140 pound averages, $6.00; packing sows, mostly $5.75; few stock pigs, $5.00. Cattle—Receipts, 600; calvi quality plain; bulls, around lower, mostly $4.00 down; calves, steady; best vealers, $11.50; most other Killing classes, slow with Plainer kind weak; few cows, $6.25 @6.75; medium heifers, $6.50; can- ners and cutters, generally $: @ 8.75; Ught steers, $7.75@8.50; stock- ers and feeders, scarce. Sheep—Receipts, 10,000; fat lambs. strong to 25c higher; top, $ several londs 78 to 80 pound aver- ages, $15.25; welghtier kind, about $14.90; no sheep nor feeding lambs sold early; late yesterday, several 50; STOCK TREND lo IRREGULAR Short Covering in Custom- ary Leaders Outstand- ing at Close NEW YORK, March 26.—Wide- spread liquidation of a large number of Industrial shares was checked late in today’s stock market session when f00d resistance was encountered. Higher money rates again influenced selling. Sales approximated 800,000 shares, : NEW YORK, March 26.—Mixed price movements marked the open- ing of today’s stock market, with a resumption of selling —_presspre against American Can, which drop- ped % to 108, a new price on the cur- rent movement. Motor and acces- sory shares also were under attack, Stromberg being hammered down more than a point to a new low. Baldwin, U. 8. Steel and some oil stocks were slightly higher. Considerable irrgularity prevailed the early dealings, with prices falling to establish a definite trend. Strength of General Electric awanna and Norfolk and Western, which advanced a point or more, Was offset by weakness of the tobac. © shares, General Asphalt and Chandler, which fell 3 potnts to a new low price of 47. Studebaker, however, moved counter to the general trend of the motors. Ameri- can Sumatra Tobacco strengthened and California packing moved up two points. Foreign exchanges opened steady Renewal of professional attack against American Can, which ex- tended {ts loss to more than 2 points, and against Baldwin, which was driven back to its provious 1924 low imparted”a heavier tone to the rest of the list. Special weak- hess cropped out in American Agri- cultural Chemical, which broke 3% to a new minimum figure, and a flock of new lows was established by the tobacco shares, including Tobacco Products, Schulte and Rey- lack. loads desirable fat lambs, $14.90 to $15.00. nolds B, which declined 1 to 38 points. Mack Truck, United States Industrial Alcohol and National Supply also touched new bottom Prices, with average losses of 2 points on publication of favorable trade reports. Call money opened at 4 per cent. Round amounts of American Can were dumped on the market in an endeavor to arrest tho rallying ten- dencies of the lst in the afternoon, crashing it down to 104%, an over- night loss, of 4 and nearly 15 points under its high figure of a week ago, The maneuyer, however. was unsuccessful in representative ndustrials, like Baldwin, Stude- baker, United States Steel, Chandler Gulf States Steel and General Elec- tric forging ahead sturdily upward, with Norfolk and Western and Lackawanna also exhibiting con- siderable strength. The closing was frregular. Various low priced shares including copper, merchandise and shipping issues, were Mquidated in the last hour, but the customary leaders reflected con- siderable short covering, American Can moved up a point from its low price of $1,03%. Later fresh selling of pivotal shares was resumed, DIL RECEIVERS WIND UP WORK (Continued From Page One) with which to turn it all into a garden land.” Regardless of this analogy that makes prairie like sea, the admiral probably prefers salt water. Just beforé returning to the city last night, and just before the sun went down, Stewart got a close-up of him in front of the “dude” shack at the Mammoth camp. But the admiral could not smile and he didn't want to try, he told Stewart. And no one could blame him. A receiver's life where a Teapot Dome is being received, is no sinecure. Just ask those who know. Admiral Joseph Strauss has no in- tention of remaining indefinitely the government's representative in the receivership of Teapot Dome. This declaration was made today by the admiral to a member of the Casper Tribune's staff. Due to his being one of the four senior admir- als who comprise the General Naval Advisory board at Washington, he has duties there which require his regular attention, It is the expectation of the ad- miral to leave tomorrow for Wash- ington where he will submit recom- mendations as to the operations nec- essary to protect the interests of the government under the present tem- Porary injunction. While in the east it Is his hope that another will be appointed to take his place as one of the two receivers of Teapot Dome, or Naval ofl reserve No. 3. There {s no certainty as to what the nature of Admiral Strauss’ re- port will be. He intimated today that he believed it possible to further cur- tail Teapot operations, and that the drilling of several offset wells to Protect the field from drainage was perhaps necessary in the area of Teapot which adjoins Salt Creek. NS RENE Wyoming Oils. NEW YORK, March 26.—Prices of Wyoming oils at 2 p. m. today were listed on the New York Curb as follows: Standard O!l of Mountain Producers, Indiana, 60%; 18%; Mutual, }11%4; Omar, 68. Livestock WHEAT FAILS TOHOLD GAIN Fall of French Ministry Bullish Factor but Ad- vantage Is Lost CHICAGO, March 26—Reported purchasing of duty pafd Canadian grain, to be shipped into New Eng land, gave a setback to the value of oats in the last hour of the board of trade session today, and depressed wheat and corn in sympathy. Wheat closed unsettled, at a shade to %c@ %eo net decll: May $1.01% to $1.01%@% and July $1.03% to $1,034 0%. CHICAGO, March 26.—All grain made a moderate upturn in price to- day shortly after the opening. The defeat of the Poincare regime in France was the generally accepted explanation. A consequent different policy towards Germany on the part of France wan looked for, with en- iarged European demand for wheat, corn, oats, rye and barley, Wheat opening prices, which ranged from %@%o off to %@\o advance, with May $1.01% to $1.01% ard July $1.03% to $1.03%, wus followed by a rise all around to well above yester day's finish, Later, the gains were more than wiped out, when oats prices gave away. A noticeable feature tn the corn market as well as in wheat and oats was lack of aggressive selling. After starting %sc@ Kc off to 4c up. May 77% to 77%c, corn took a material upward swing. Subsequently, weakness of oats had a somewhat bearish Influence on corn. The corn market closed un- settled at the same as yesterday’ finish to %c lower, May 77% to Oats started unchanged to Yc higher, May 46% to 46%, and later continued to ascend. Provisions were dull but steady, TTY Open High Low Close 101% 4.027% 1.01% 1.01% 3% 1.04% 1.03% 1.03% 1.05% 1.08% 1.03% 18% .77% 78% 79 -T1% 18% 79% 45% ABM 41% AB Aa Corn—No. 2 mixed, 79c; No. yellow, 80@80%c. Oats—No. 4 white, 46% @470. Rye—No sales, Barley—71@77c. Timothy seed—$5-50@8.00. Clover seed—$16.50@23.50. Lard—$10.90. Ribs—$9.37. Bellies—$10.25. EW BUFO ELK OTREET [9 HELD ASSURED Durbin Street Route to Be Tried Out This Week. The Casper Motor Bus company just completed the test route to Elk street and is going to order a bus for this territory. The manage- ment hopes to order another bus along with the Elk street bus for what is to be known as the Durbin street route. A, one-week's test of this route will be made, beginning Friday, March 28, and ending the following Thursday at midnight. During this test a change will be made in the Grant street route. The schedule will be every 15 minutes, and the present loop which ts on the Grant street route will be handled by the Durbin street bus, so that anyone who has been using the Grant street bus to go to any point west ot Durbin street may take the Durbin street bus Instead of the Grant street bus during the test week. The time schedule and details of the route are contained in an ad- vertisement on another page of this paper. ee Foreign Exchange NEW YORK, March 26.—Foreign exchanges steady; quotations in cents; Great Britain demand 429%; cables 429%; 60 day bills on banks $427; France demand $5.40; cables $5.41. Italy demand $4.32; cables $4.32%. Belgium demand $4.30; bles $4.31. Germany demand trillion .22. Holland $36.94; Norway $13.68; Sweden $26.49; Denmark $15.81; Switzerland $17.29; Spain $13.06; Greece $1.71; Poland .000012; Czecho Slovakia $2.90%; Jugo Slavia $1.23%; Austria .0013%; Rumania 52%; Argentine $33.62; Brazil $11.20; Tokio $41%; Montreal 97%. per Czechoslovak Rep., 8s ctfs Danish Muntcipal 88 A... Dominion of Canada, 5s, 1052 Frenth Republic 22 Tapar 4s Kingdo mot Rep. State Ralway and Miscellaneous American American American Anaconda Anaconda Coppe: At. T. & San. Fi Baltimore and Ohio cy. Bethlehem Stee! con., Canadian Pacific deb., Smelting, 58 - Chicago, Bur'ington and Quincy ref., : All Markets 100% 94 104% 100% 100% Ss Chicago, Milwaukee & St. Paul cv. 4%s ~ Chile Copper 6s Goodyear Tire,,8s 1941 Great Northern 7s A thwestern Bell Tel: ic Gas ano Electr! . RR. Gen. & alr Con Ol! col., thern Pacific cv-. n Pacific first 4s - U. Rubber Utah Power Western Westinghour Wilson and Company 6s ev. PRES, CODLIDGE LEADING HIRAM (Continued From Page One) forities and cut deeper into the Cool- dge lead. Coollage workers, answering the im of Johnson managers that the alifornian had won by 10,000 ma jority, insisted the western part of the state and more complete returns from the southeastern section would enable the president to hold his lead On the Democratic ticket, only scattered and incomplete returns were available, but the state head. quarters of the party at Huron, back- ing the mafority column filings, de- clared William G. McAdoo, had ob- tained the presidential endorsement. McAdoo's headquarters asserted reports received there indicated “McAdoo had carried the state by a Majority of better than 2 to 1, and the entire Democratic majority is nominated.” McAdoo was opposed by a faction seeking to send an untin- structed delegation to the national convention. IDAHO SAFE FOR COOLIDGE. CLAIM LEWISTON, Idaho, March 26.—~- daho fs ih the Coolidge column fol- owing the Republican state conven- tion yesterday which pledged its 11 delegates to the Cleveland conven- tion vote nination of the presi- dent for “on. Endorsements given by the state convention were confined chiefly to approval of state and national ad- ministration, A move for approval of the bonus measures was side- tracked without arguments, sities Deepest a BOULDER DAM PROJECT URGED (Continued From Page One) selves, the report declared the pro- posal for the ‘construction of a re- servoir haying a capacity of from four to elght times the needs of tfr- rigation and flood control and of a power development twenty times in excess of protable power needs of the irrigated lands and adjacent communities, is complete de- parture from former policies. ‘The report declared the present in- vestment in the United States in plants engaged in developing electric power for general distribution and sale is approximately $4,500,000,000 and that this would have to be dou- bled in the next ten years if the de- mands of industry are to be met. “A policy of federal development,” tha report added, “would therefore require continuous expenditures of not less than one half a billion dol- lars per annum; for it could not be expected, in the face of such a policy supported by government funds, and with tax exempt properties, that pri- vate industry could afford to put any additional investment into the business.” Butter and Eggs CHICAGO, March 26—Butter lower; creamery extras, 43%c; stan- dards, 43c; extra firsts, 4214@43c; firsts, 41%@42c; seconds, 40@ 40340. Eggs—Lower; recofpts, 13,302 cases; firsts, 214% @21%c; ordinary firsts, 20@20 storage pack ex- tras, 23%c; firsts, 23 METALS NEW YORK, March 26.—Copper electrolytic, spot and 13% ; futures, Tron—Steady; Lead. Zinc—Easy; prices unchanged. Spot, 9.00. St. Louis spot and futures, 6 lL Antimony—Spot, 12.00 SUMMARY OF NIGHT NEWS EBERBACH, Germany—Grover Cleveland Bergdoll, American draft , dodger, left his adopted home and friends who professed to be in his confidence sald he was returning to America, NEW YORK—Captain Anton Heinen, pilot of the dirigible Shenandoah on its wild ride in a storm last January, was elected a director, vice president and gen- eral manager of the Aircraft Con- struction-Transportation corpora- tion of New Haven. CHERBOURGH, France—Gen- eral Pershing, who has been in Europe for several months, em- barked on the steamer George Washington for the United States. HONOLULU.—Jewels that once belonged to Lilfoukalani, last queen of the Hawaiian nds, were sold at auction to carry out her wish that her property be used for an orphanage for girls. ROME.—Possibility of the crea- tion of a cardinalatial see in America is discussed on the eve of the formal elevation of Car- dinals Hayes and Mundelein. INDIANAPOLIS.—The rank and file of the United Mine Work- ers of America ratified the new wage sonle agreement by a vote of 164,858 to 26,253, it was an- nounced. POTATOES CHICAGO, March 26.—Potatoes, trading slow, Market about steady receipts 71 cars; total U. 8. shi ments 860; Wisconsin sacked round whites U. 8S. number 1, $1.20@$1.34; Minnesota and North Dakota sacked Red River Ohios $1.30@$1.45, MONEY NEW YORK, March 26.—Call money stronger; high 5%; low 4; ruling rate 4; closing bid 5%; offered at 5%; last loan 6% call loans against acceptances 3%; time loans steady; mixed collateral 60-90 days 4%; 4-6 months 4%. Prime com- mercial paper 4% @4%. LIBERTY BONDS NEW YORK, March 26.—Liberty bonds closed: 3%s $99.26; first 44s $99.19; second 4%4s $99.16; third 44a 100.2; fourth 4%s $99.19; U. S. gov- ernment 4%s 100.8. COTTON NEW YORK, spot quiet; March 26—Cotton middling $27.05. Flax Minn., March ‘ch $2.39; May $2.31, wie ath a, General Motors NEW YORK, March 26.—General Motors corporation and its subsidiar- fes earned net incomes of $62,067, 526 in 1923, compared with $51,80 448 in 1922, the annual report show- ed. After dividends on the deben- ture and preferred stocks, there re- mained $55,180,175 for the common stock, or share. Pioneer Wyoming Resident Is Dead Wyo., March 26.— for years a an of the Uva dis. died Monday night where he had ‘al yea He served in the Wyoming legislature as a member of the lower house from old Laramie caanty, DULUTH, Close: 26,— cH Pete Promin trict, Wyoming YENN: Mact: anc ane, 35