Casper Daily Tribune Newspaper, April 23, 1924, Page 9

WEDNESDAY, APRIL 23, 1924.. Oil :: Finance :; PIPELINE RUNS SHOW INCREASE IN WEEK Salt Creek Production Averages 6,000 Barrels More for Week Ending April 19 as Compared With Previous Week. W i 5% according to the Inland Oi} Index, pipe line runs in the Rocky Moun- tain region for the week ended April 19, showed an increase of 9,765 barrels, . Illinois Pipe Line company has resumed running oll in the Mule Creek field in eastern Wyoming after a shut down of 18 months and it has also started tak- ing off again in the Kevin-Sunburst district in northern Montana, Salt Creek runs were up this week 6,000 varrels. Total ayerage dally pro- duction in all Rocky Mountain dis- tricts for week ended April 19, was 135.155 barrels, as compared with 125,390 barrels for the preceding week. Comparative average daily runs for each field for the weeks ended April 12 and April 19 follow: Commodity Lumber Chicago—The Great Lakes fleet of lumber carrying vessels is expected to set out this week for its first cargo from northern ports. A heavy season is expected. New Orleans—New business re celyed by the mills of the Southern Pine Association last week increas. ed 1.4 per cent, snipments 10.5 per cent and production 3.7 percent. Orders on hand at the beginning of the wéek totaled 254,000,000 feet as compared with’ 356,000,000 feet a year ago. Cotton Houston—Favorable weather is aiding the planting of cotton, which now is progressing in the northern part of the state. It is expected the increase in Texas acreage will be above 10 enix co Vheat, Springfield, Ills — The TMlinols wheat crop is below the average and spring planting has been late. Much wheat acreage will. be abandoned be- cause of the thin stand and corn, cats and soy beans and forage crops substituted. Hardware Pittsburgh—Coal weather is re- sponsible for the quiet hardware market in the Pittsburgh district. Dealers see nothing to be gained by buying ahead, as deliveries are very Prompt. Prices are firm, Livestock ‘ Ft. Worth—Five thousand head of b-year-old steers requiring 165 frelght cars, have been shipped in the last week from Kent county to Bazat, Kansas, where they will be finished for the fall market. This is the first big movement of Texas stock to Kansas grass this year, Textiles Cleveland—The variety of colors now being worn in hose is responsi-| Trade in worsted yar: Fields Aprili2 April 19 Salt Creek ------. 93,500 99,500 Teapot ...-----.- 3,575 3,900 Big Muddy .-. - 3,460 8,635 Grass Creek ---1- 3,565 3,450 Elk Basin ~. —- 1,375 1,865 Greybull, etc. - 90 100 Mule Creek --.---- 000 800 Rock River 5.685 3,215 Lance Creek --.... 2,100 2,025 Poison ‘Spider 200 210 Osage --------.. 600 625 Hamilton Dome 550 735 Lander ...... 415 630 Pilot Butte --- 95 85 Lost Soldier -. 3,810 (4,625 Ferris 165 150 Cat Creek -. 4,690 4,675 Kevin-Sunburst 875 4,800 Miscellaneous -. 750 550 Totals -. --125,390 135,155 Trade News ble for capacity operations at the Woven Right Knitting company's plant here, according to J. F. Norton, President. The plant, working night and day, is making 15 shades. Some eastern mills are making forty shades. ——— t oi Shreveport—Renewed interest has been aroused in this section by the bringing in of the new 7,000 barrel gusher {n the Ferry Lake area of Caddo Parish by the Gulf Refining company. Tobacco York, Pa.—The Meads Tobacco company has bought the yield of about 5,000 acres of tobacco in York and Lancaster courties and has e!- ready received ct its warehouses 175,499 pounds which cost around nine cents a pound. Iron And Steel Philadelphia—Recent imports of iron from Europe at this part total 2,200 tons, of which about half came from England and the remainder from France, The market is un- Settled. ait ad i Automobiles St. Louls—Two trains, each carry- ing 54 Moon cars, were shipped to Boston and Pawtucket, R. L., in the last month. This exceeded previous shipments to New England by 30 Radio New York—There are now 14 manufacturers licensed to manufac- ture and sell neutrodyne apparatus. Retail sales under the Hazeltine’pa- tents In the last three months totaled $5,600.000. # Wool Philadelphia—Wool buying here is very slow and local manufacturers are showing no anxiety about laying inesupplies from growers in the west. is quie’ Everyman’s BY GEORGE T. HUGHES Copyright 1924, by Consolidated Press Association . SEVENTH ARTICLE What a “Syndicate” Is and How Keen Competition Pervades the Bond Selling Investment bankers are merchants. who buy and sell the securities they handle. They are unlike brokers who for a commission execute an order to buy or sell something they do not own, Many investment banking houses handle only bonds. A smaller number also handle pre- ferred stocks an@ a still smaller number handle common and __pre- ferred stocks as well as bonds. Some of the larger houses do chiefly a wholesale business and distribute through local bankers who sell at retall to investors. Some invest- ment companies originate issues and some simply sell issues originated by other houses. When there ts a-large issue of state, municipal or other public bonds, such as a soldier bonus or road bonds, one house may not have enough capital or may not wish to Ue its capital up in one huge Market Gossip Investment It therefore joins with several other houses in what is called a “syndl- cate,” each house agreeing to take so many of the bonds if their bid is successful. Usually several of these “syndicates” are represented at a public bidding. The same thing takes place when a large industry, railway or utility floats a bond issue. A “syndicate” is formed, both to combine ‘resources of the different houses and to ob- tain wide distribution. Thus no one part of the country is drained of investment capital, as the offerings are spread from. coast to coast and investors everywhere have the same opportunity to buy good securities A syndicate is nothing but a group of keen competitors going into tem- porary partnership. The = syndi- cate selects a manager and is to exist for a certain duration. The bonds are to be offered at a certain time at a certain price. As soon as the bonds are offered these part- ners in the syndicate are out after customers, thelr ewn and everybody else's. It’s clean competition, but the sharpest and hardest kind of . fighting, and Briefs On Operations in Oil Fields Marine Group Active. Max W. Ball, president of the Marine, Glenrock, and Royalty and Producers companies, tofay save out the following statement: “We have received a number of inquiries as to whether Mr. E. Rus- sell Lloyd has severed his connec: tion with our companies, and wheth- er his entry fnto consulting work implies a lessening of the activitios of the Marine group. I want to an- ewer no to both questions. A num: ber of people and companies have Suggested to Mr. Lloyd that he do consulting work for them, and he has been anxious to explore certain ‘reas on his own account. At his request we have rearranged our work to make it possible for him to kiva most of his time to outside Work, We will still have the benefit of his advice and guidance, and we will continue to be ag active as here- tofore." Wyoming Oils NEW YORK, April 23.—Prices of Wyoming oils at 2 p. m. today were listed on the New York curb as fol- lows. Standard Ol! (Indiana) 56%: Moun: tain Producers 19%; Mutual 10%; Salt Creek 24%. COTTON NEW YORK, April 23.—Cotton spot, quict; middling, 29.35, oo Buy your Rose Bushes for 390 at the Metropolitan Store, > Bonds New York Stocks Last Sale Allied Chemical & Dye ------ American Can ----___--—__ American Car & Foundry ---- American International Corp American Locomotive American Smelting & Refg. -.. American Sugar ------..-... American T. and T, -----.--. American Tobacco ----.--.-. American Woolen -_---..--- Anaconda Copper --.-.-----_) ARCHIBOBS ons ginseiececeneet iiet AtL, Gulf and West Indies _ Baldwin Locomotive ------.. Baltimore and Ohio --._--.-. Bethlehem Steel ~~..---.--.- California Petraleum -.-----> Canadian Pacific ---.-------- Centra] Leather ~.-.....--.. Cerro de Pasco Copper ---_-_ Chandler Motors --------.--- Chesapeake and Ohio -.---... Chicago and Northwestern -- Chicago, Mil., & St. Paul pfd Chicago, KR. I. and Pac. Chile Copper -. Consolidate@ Gas -...-... Corn Products Cosden Oil Srucible Steel... 52% Cuba Cane Sugar pfd --. 58 (Dol Seppe Seach a EES a 24% Famous Players Lasky 69 General Asphalt -. 33% General Electric -. General Motors Great Northern pfd. Gulf States Steel - 67% Ulinois Central ~ 101B Inspiration Copper ---.--.. 24% 'nternational Harvester -... 83% ‘nt. Mer. Marine pfd._.. 33 International. Paper -----.--. 37% Invincible Oil oa Kelly Springfield Tire Xennecott Copper Uma Locomotive eee -- 58% Toulsville and Nashville ----. 9014 Mack Truck ----. - 78% Mar'and Ol! - - 83% Maxwell Motors -. - 1 Middle States Oil - 8% Missourl, Kan. & Tex., new.10% B Missourl Pacific pfd. -. - 38% New York Central -----.---. 101 N. ¥., N. H., and Hartford - 17% Nerfolk and Western -— .. 123% Northern Pacific -..-.. 51% Pacific Oil ~-..---. a= ATM Pan American Petroleum B- 44% Pennsylvania ~-.-.-.-_------. 44% People’s Gas -. eenen--- 927% Producers and Refiners --... 24% Pure Oll .--. - 21% Sinclair Con Oi} Southern | Pacific Southern Railway -.-..-u-- Stancard Oil of N. J. -------- 35% ‘tudebaker Corporation --.-. Texas Co. ~~ “exas and Pacific Tobacco Products A Transcontinental Oll _—------ . 8S! Ind. Alcohol --...-... "Infted States Rubber ------. "Inited States Steel “Ttah Copper a Westinghoure Electric ~..-— 69". Willys Overland ----. 8K American Zinc, Lead and Sm 7% Butte and Superior -..-...-. 15% “olorado Fuel and Iron --. 34 Montana Power .~-.. ~ 62 National Lead... 127% Shattuck Arizona 5B Anglo Buckeye Sontinental -. Cumberland .-. TVinois Ulinois Pipe -. Indiana. Nat. Tran. .-. N, Y. Tran, .. Nor. Pipe Ohio Ofl .. Prairie Ol -.. Prairle Pipe ~. —wnnn- 101% 102 Solar Ref. ~.---------- 185 . 188 Sou. Pipe ~..----.. 94 95 8. O. Kan. 40 40% 8. 0. Ky. 103 104 §. 0. Ohio ....--=.. 282. 287 Vacuum ~~. 8. F. OW A. 8. O. Inciana ~. Greybull Torchlight Elk Basin ~. Rock Creek ........- «. Salt Creek Big’ Muddy -—. Mule Creek .. Sunburst Hamilton Dome Pilot Butt: .<taneccerausconce Lander ---------------2------6 pai er ree ta one MONEY NEW YORK, April 23.—Call mon- ey steady; high 4; low 4; ruling rate 4; closing bid 4; offered at 4%; last loan 4; call loans against accept- ances 3%, ‘Time loans steady; mixed collateral 60-90 days 4%; 4-6 months 4%@4%; prime commercial paper 44@4%. Flax. DULUTH, Minn., April 23.—Close: Flax—May, 2-38%; July, 2.35; Sep: tember, 2.18, Mountain View Suburb has over 65 houses, built in #@ months, ee ee be Casper Daily Cridune Stocks OIL SECURITIES By Wilson Cranmer & Co. Bid Asked’ Bessemer ~----------- 26 28 Big Indian -.--—---. .05 06 Beston Wyo --.. 90.95 Buck Creek .--~. 26 27 Burke 25 26 Blackstone »30 33 Chappell -.-------.-- .16 18 Columbine --.-..----. .13 a4 Central Pipe --------- 1.90 2.00 Consolidated Royalty .1.23 1.25 Cow Gulch .—..----- .03 04 8 10 02.04 Kinney Coastal --..-. Lance Creek Royalty 01 02 Marine -...--------. 3.00 8.50 Mike Henry, ------.-. .00% .01 Mountain & Gule ---. 1.55 1.60 New York Oil .-------11.26 12.25 Picardy ------------= 03 04 Preston --.---------- .00% 01 Red Bank ~~... 22.00 23.00 Royalty & Producers - .06% 07% Sunset -.-----------. 06% 07% Tom Bell Royalty -. .02 03 Western Exploration ~ 3.60 3.80 Wyo-Kang -.-.--.--. -e=- -90 1.00 Western States -.-- 91 23 ba) | een eee | 10 N YORK CURB CLOSING Mountain Preducers 3 19.00 19.12 Glenrock Oil -.---... . .30 40 Salt Creek Pris. -----. 24.75 25.00 Salt Creek Cons. 8.50 8.75 New York 0! - 12.50 13.00 Mutual ~~... 10.37 10.50 8S. O, Indian: 67.00 57.12 Chicago Prices. > CHICAGO, April 28.—{U. 8. De- partment of Agriculture.}—Hogs— Receipts, 22,000; slow, 5 to 10¢ lower; “ght weight show full decline; big packers bidding 10 to 15c lower; shipping orders limited; bulk good and choice 240 to 325 pound butch- ars, $7.30@7.45; practical top, $7.45; me load 262 pound averages to yard ‘raders, $7.55; bulk better grades 170 to 210 pound weight, $7.15@7.40; »ulk desirable 140 to 150 pound aver- iges, $6.70@7.10; packing sows, 5 to 10c lower; bulk, $6.65@6.8! best weighty killing pigs, steady; others, dull, weak to 25¢ lower; bulk good and choice strong welghts, $5.75@ 5.25; heavyweight hogs, $7,25@7.48; medium, $7.20@7.45; light, $6.75@ 1.40; light light, $5.75@7.20; packing sows, smooth, $6.75@6.90; packing sows, rough, $6.55@6.75; slaughter rigs, $4.25@6.25. ~ Cattle—Receipts, 8,000; very little tone; heef steers and fat she stock, weak to 25¢ lower; most des fed steers, 10 to lc off; killing quality ‘argely medium to good; bulk fed steers and yearlings of quality and sondition to sell at $8.25 to $10.50; vearling steers and beef heifers aumerous; choice weighty bullocks carly, $12.25; best yearlings held ‘round $11.00; bulls, weak to lic ower; canners sharing fat she stoc! lecline; stockers and feeders, com- »aratively scarce, firm; most veal calves to packers, $8.00@9.00. Sheep—Receipts, 10,000; slow; few sarly. sdles fat lambs; looks around be lower; sheep, around 50c lower; vest handy weight fat clipped lambs © outsiders, $14.75; early bulk clip- pers, $13.50@13.7b; few good to *hoice wooled lambs, $15.75; choice Upped ewes, $8.75; common to me ium wooled lambs, $8.00; bulk spring lambs, $17.00@22.00. Omaha Quotations OMAHA, Neb., April 23.—(U. 8. Department of Agriculture)—Hogs— Receipts 19,000; slow, 5@10c lower; mostly five cents lower; bulk 210@ 300 pound butchers $6.85@$6.95; yood 160 to 210 pound’ weights $6.60 @$6.85; plainer grades of lights and Nght lights on down to $6 pack- ing sows mostly $6.40@$6.50; aver- age cost yesterday $6.92; weight 250, Cattle—Receipts 9,900; beef steers and yearlings slow, uneven; general- ly 10@15c lower; spots off more; one ‘oad weighty steers 11.50; part load $11.75; bulk steers $8.50@§10.75; yearlings $3.00@$9.50; fed she stock mostly 10@15c lower; spots off 25¢ on heifers; canners and cutters and vealers steady; bologna bulls 10@ 15c lower; beef bulls and stockers and feeders steady; bulk butcher cows and heifers $5.50@$%8,00; can- ners and cutters $2.50@$4.50; practi: cal top $9.00; bologna bulls $4.35@ $4.50; beef bulls $5.00@$5.50; few up to $6.00; stockers and feeders mostly $6.50@$8.00; one load warmed up $9.35. Sheep—Recelpts 12,000; slow; wool- ed lambs around 25c lower; clipped lambs 50c lower; early sales cholce clipped lambs $13.90; two loads 77 pound wooled lambs to shippers $16.50; no early sales sheep or shear- ing lambs. Denver Prices. DENVER, Colo., April 23.—(U. §. Department of Agriculture.)—Hogs —Receipts, 1.500; steady to 10c lower; top, $7.05 paid for choice 200 pound averages; 180 to 235 pound weights, mostly $6.85 to $6.95; few, $7.00; ght Ights, mostly $6.00; packing sows, steady to lower, most- ly $5.75; few, $5.50; fat pigs, strong, 35.76 to $6.00. Cattle—Receipts, 850; calves, 50; steady; choice 1,350 pound beef steers, $10.80; others averaging 1.250 pounds, $10.60; good 1130 pound weights, $9.50; heifers, $7.90 to $8.00 good cows, $6.85 to $6.75; plainer kind, $5.45; desirable vealers, $11.00 to $11.50; good Might feeders, $8.15; fleshy kind for finishing purposes, $9.40, Sheep—Receipts, 8,300; slow; most bids on fat lambs lower; few sales medium to good kind, $14.75 to $15.00; flat 25c lower; sheep, scarce ee Flour, MINNEAPOLIS, Minn,, April 23, —Filour unchanged, Bran §22. Grain Improvement In, Many Shgres Develops In Goth- am Trading NEW YORK, April 23.—Realiza- tion that the short interest was be- coming overcounted, which was re- vealed by the unprecedented number of shares loaning flat brought about an extensive covering movement in today’s stock market which carried many shares 1 to 5 points above yesterday’s closing figures. Sales approximated 700,000 shares. NEW YORK, April 23.—Short covering operations imparted a firm- er tone to stock prices at the open- ing of today's market which reflect- ed the better feeling inspired by President Coolidge’s address yester- day. , Industrial leaders, including United States Steel, American Can and Studebaker, moved up and frac- tional recoveries took place in a wide variety of oil shares. Agegres8ive buying was nowhere in evidence, but continued covering brought about steady improvement throughout the general list. Motor oil and specialties shares scored frac- tional gains but American Woolen continued under selling presaire due to the unfavorable trade reports from the textile industry, falling to a new low at 6244. General Electric advanced 2 points and gains ranging from fractions to more than a point were registered by Baldwin, Allied Chemical, Colorado Fuel and Iron, Gulf States Steel, Chandler and Max- well Motors ‘‘A.” Congoleum and Norfolk and West- ern declined from 1 to 2 points. Foreign exchanges opened higher. Over-extension of short accounts, indicated by the unprecedented number of 34 issues loaning “flat,” provided the basis for techni- cal rallies in stocks which recently have been subjected to selling pres- sure. An increase jn car loadings, taken to mean that the decline in trade had been checked, encouraged a resumption of constructive activities throughout the industrial list. Under the leadership of Tidewater, which moved up 3% points, virtually all off shares made brisk recoveries, with Sugar, store, motor accessories, in- dependent steel and specialty stocks ayeraging gains of 1 to 3, points. on prospects that dividends would be ed a new high level-at 50 3-4. Fresh attacks against American sugar common and preferred and American Woolen, which forced them to new low figures for the year of 38%, 8314 and 62 respectively failed to halt the insistent demand for other stocks. United States Cast Iron Pipe, Colorado Fuel and Cuba Cane Sugar preferred were buoyant, with various law priced raf'roads al- so developing considerab'e strength. Both American Sugar and American Woolen subsequently rallied sharply. The closing was strong. Buying orders continued to predominate in the latest dealings when many is- sues recorded thelr best prices of the day. SILVER NEW YORK, April 23—Bar silver, 64%; Mexican dollars, 49%. ——o————— METALS NEW YORK, April 23.—Copper steady; electrolytic, spot and futures 13%. Tin firm, spot and futures 49.87. Iron steady, prices unchanged Lead steady; spot $7.87 to $8. Zinc steady, east St. Louis spot and $6.10@$6.15, futures spot $9.7 Antimony Butter and Eggs CHICAGO, April 23.—Butter high- er; creamery. extras 370; standards S7e; extra firsts 36@36%o; firsts 34% @35'%4c; seconds 33@34o, Eggs higher; receipts 29,957 cases: firsts 22@22%c; ordinary firsts 20% @21c; storage pack extras 24%c; firsts 34%c. SUGAR NEW YORK, April 23.—Refned sugar was unchanged at 8.00 to 8.25 for fine granulated, but a better in- quiry was reported Refined futures were nominal, Sugar futures closed firm; ap proximate sales, 59,000 tons. May 4.65; July, 4.87; September, 4.92; De. cember, 4.46. ~— POTATOES CHICAGO, April 23. trading very slow, mar celpts, new stock 8; o U. 8. shipments 537; — Potatoes weak; re- ‘6 cars; total sconsin sack: ed round whites $1.15@$1.30; Wis- consin and Mi¢higan Luik round writes $1.20@$1.40; Minnesota and North Dakota sacked red river Ohios $1.35@$1.50; Idaho sacked russetts $2.35@ $2.60 > NEW YORK, April 23.—Liberty bonds closed: 8149, 99.9; first 4%e, 100; second 4%4#, 99.41; third 4%, 100.8; fourth 4%s, 100.2; U. 8. gov: ernment 4%s, 101.17, NEWS AND QUOTATIONS BY LEASED WIRE SHORTS COVER, WHEAT SLUMPS STOCKS CLIMB) IN LATE SALES Mexican seaboard displayed strength | < resumed. on common stock. Fleisch- manny with a two point gain, reach- PAGE NINE. Livestock :: All Markets Crop Reports and Surplus Used by Bears to Ham- mer Prices CHICAGO, April 23.—Owing more to lack of buying than to any ag- gressive selling, the wheat market today underwent declines in the last half of the board of trade session. Favorable crop conditions together with estimates that the United States would carry over about 105,- 000,000 bushels into the new crop year were bearish factors. The close was unsettled 4@% to %c net lower, May $1.02% @$1.03 and July $1.045% to $1.045% @%. CHICAGO, April 23.—Wheat trad- ers marked time today during the early dealings and effected no de- eided change in prices. Apparently neither sellers nor buyers were wil- Mng to take any determined stand for the time being, and were confin- ing their efforts to adjustment of open accounts. The bulk of wheat transactions consisted of changing over from May delivery to July opening prices which, varied from Yc off, to 4c up, May $1.03% to $1.03%, and July $1.05%, were fol- lowed by only trifling changes in either direction. Announcement of additional amounts’ of wheat put into store here for delivery on May contracts had some depressing influence later. Corn and oats held steady, with wheat. After opening unchmged to ‘4c lower, May 77% to 77%c, the corn market dipped a little and then scored slight gains in some cases. Subsequently the market eased down, affected more or less by slow- ness of eastern shipping call here and by reports of the northward progress. of planting. The close was unsettled, % to %c net lower, May 77% to 77%. Oats started at %@c decline to a like advance, May 46% to 46%@ 47c, and later duplicated the action of corn. Lower quotations on hogs made the provision market easy. Open High Low 1.05 Cash Grains and Provisions CHICAGO, April 23.—Wheat num- ber 1 hard $1.11; number 2 hard $1,044 @$1.08%. Corn number 2 mixed 80%$c; num- ber 2 yellow 82c. Oats number 2 white 49@49%c; number 3 white 48@49c. Rye number 2, 66%c; barley 72@ 920, Timothy seed 00@ $7.60. Clover seed $13.50@$22.00. $10.65; Ribs $10.25. Lard Bellies 10.50. Foreign Exchange NEW YORK, April 23.—British and French exchanges mounted to new high prices for the year today on heavy buying from European sources which were described by some local dealers as belated short covering. French francs touched 6.82 and demand sterling was quoted at $4.40. Other European, rates im- proved in sympathy. NEW YORK, April 23—Forelgn exchanges easy; quotations in cents; Great Britain demand 438%; cabl 489%; 60 day b¥ls on banks France demand 6.67%; cables 6. Italy demand 4.46; cables 4.464 Belgium demand 6.67; cables 6.68, Germany demand (per trillion) .2 Holland 37.10; Norway en 26.27; Denmark 16.72; Switzerland 17.71%; Spain 14.1 reece 2.04; Poland .000012; Czecho Slovakia 2.95; Jugo Slavia 1.24%; Austria 0014; Rumania .52%; Argentina 33.00; Brazil 11.25; Tokio 39%; Mon- SOLDIER BONUS PAOGAGE SEEN (Continued From Page One) be made after nine months from the date of enactmont of the measure into law. 4s ce TAX BILL FIGHT DUE NEXT WEEK WASHINGTON, April 23.—De- claration: of the Democratic stand on the revenue bill, set forth in the mins ority report of the finance committee filed yenterday in the senate by Sena- tor Jones, Democrat, New Mexi completed the preliminaries for the tax reduction fight expected to start next week. The Democrats in addition to wag ing a contest against the Mellon in come tax rates, reinserted in the bill by the committee in the place of the Longworth compromise schedule | adopted by the house, will seek} modification aleo of the corporation and estate taxes and public hearings| for tax disputes, Czechoslovak Rep., Sc Ctfs. ~.. Dominion of Canada, 5s, 1952 French Republic, Japanese 4s —_ Kingdom of Bel ’ Kingdom of Norway, 6s Rep. of Chile, Se, 1946 ~-... State of Queensland, 6s —.-... U. Ko of G. B. & L., 5%s, 87 . American Smelting 53 American Sugar, 6s American Tel. Col., tr, 6 Anaconda Copper 7s, 1938 Anacon¢a Copper 6s, 1955 ~ At. T. and San Fe., gen. 4s --------------asco-. Baltimore and Ohio, cv., 4%s --. Canadian Pacific deb., 48 -_---.-. Chicago, Burlington and Quincy re Chicago, Milwaukee and St. Paul cv. Chile Copper 6s --.... Great Northern, 7s A . Montana Power, 5s A_ Northern Pacific ret Northwestern Be'l Tel., 7s Pacific Gas and Electric 58 Penn. R. R. gen., 6s — Sinclair Con. Oll., Southern Pacific cv., 4 Union Pacific first 4s U. S. Rubber 58 — Utah Power and Lights 6s Western Union 6%s -.. Westinghouse Electric 7s ---. Wilson and GC 68 -. Railway and Misceliancous — Bethlehem Steel con., 6s, Series A -------.. ‘4% Seven New Wells Drilled Into Salt Creek Sands During Week Just Ended Seven Salt Creek campletions are reported by the Midwest Refining company. Combined initial produc- tion of these 7 wells aggregates 900 barrels. In most cases production will be increased by shooting. A list of these completions follows: Mountain & Gulf—.28-A, NE% 6- 39,78, 2190 feet; 602 barrels. Mountain & Guif—19 AX, SW% 14-40-79, 1925 feet; 46 barrels, will shoot. Wyoming Associated—22, SW 81-40-78, 1205 feet; completed as shale well. Midwest Oll—26-A, NE% 27-40-79; 1679 feet; 36 barrels, 201 barrels after shot. Utah Of Refining company—35-A, NWK barrels. Wyoming Assoclated—29 AX, SW % 25-40-79, 1524 feet; 10 barrels, will shoot. Midwest Oll & Wyoming Associat- ed—21-A, SE% 36-40-79, 1742 feet; 37 barrels, will shoot. An account of operations follows: Nieber Dome test well—3570 feet; drilling. Grass Creek—19-A Meeteetse 15; completed, swabbed and now being tested—depth 4148 feet. Baxter Basin—6-X, NE\% 11-17-104, 2435 feet; drilling. New Mexico—Hogback No. 8; ne report. 30-40-78; 2094 feet; 110 other Midwest Third Sand Well In Cat Creek Comes In Producer GREAT FALLS, Mont.—April 23. 7-A dispatch to the Leader from Winnett received here today says: “The California Oil Company number five in the west end of the Cat Creek field Is reported to have brought in a good producing well at about 2,000. This is the first third! Wall Creek sand well . drilled to bring in a producer, all of the Cat Creek to date being {n second sand production, and the bringing in of oll in the third sand by the Callfor- nia has caused a sensation only second to that at the bringing in of the oll originally, COOLIDGE WIN JERSEY 6. 0. P. (Continued From Page One) has been mentioned as an Edge opponent for the nomination, PINCHOT DEFEAT 1S DECISIVE. PHILADELPHIA, April 23.— Ralph Beaver Strassburger, wealthy orristown publisher, running against Governor Gifford Pinchot in yesterday's primary for dolegate at large to the Republican national convention had a lead of nearly 200,000 votes in less than half the election districts of the state. Returns from 3,427 districts of the 8,119 in the state early today gave Strassburger 320,537 .and Pinchot 122,470. The city of Philadelphia alone returned a majority for Strassburger of 190,107, the vote in the city's 1,462 districts being: Strassburger, 224,820; Pinchot, 34,213. The other six candidates for Re- publican delegates at large who were endorsed by the state organiza#tion— Secretary of the Treasury Mellon United States Senators Pepper and Reed, William 8, Vare, representa tive in congress; W. Harry Baker, chairman of the state Republican ittee, and Mrs, Elizabeth Price tin—appeared, the basid of incomplete returns rec: to have run according to the plans of the leaders. Although none of the Republican delegates at large is pledged to any candidate, all are believed to favor the nomination of President Coolidge. The majority against the governor in Philadelphia w tributed large ly to withdrawal of the supp: M. th of the organization led by Repre sentative Vare. He announced last Saturday after the governor pre viously had been endorsed by the publican state organization of its seven elated candid that he could not support the execu y be emp senate committee in thi internal revenue The governor, in reply, de clared tho liquor question was the issue that prompted Vare's action I nyed a Mr. Strassburger, to whom Vare turned his support, declared the fenue “loyalty to President was Coolidge PHILADELPHIA, April —lie- turns from yesterday's primary elec- tion in Pennsylvania today showed additional gains for Ralph Beaver Strassburger, Norristown Publisher, over Governor Pinchot for delegate at large to the Republican conven- tion. The vote in 3,797 districts out of 8,119 in the state gave Strassbur- ger 342,628; Pinchot 138,997. Phila- delphia, complete, gave Strassburger a majority of 190,107, The governor was leading. in some of the rural counties, NEWARK, N. J., April 23.—Prest- dent Coolidge's lead over Senator Hiram W. Jotnson mounted to more than 87,000 votes today as delayed returns from outlying districts in yesterday's preferential primary were reported. With all but 328 of the state's 2 514 election districts heard from the vote was: Coolidge 98,659; Johnson 11,438 The vote for the Qholidge delegates grew apace, the Jo&nson candidates being decisively. defaitd in every in- stance, LAVOYE MUST. VACATE LAND (Continued From Page One) cree issued here Attorney Walton pointed out that Henry E. Lukes, counsel for Lavoye, had withdrawn an appearance when, the case was called for b ir Tuesday and La voye {n open court stated that he did not want to contest to govern- mont's bill. ‘The’ judgment was ren dered by default, which dofeats all chances for an appeal. BETRAYER OF BIRL ISHELD (Continued From arrive in Casper t delinquent home, Page One) ght to take the Both Warren and the girl were to be arraigned before U. 8. Com- missioner Wheeler this afternoon. Warren will be held for violation of the Mann act and Lisle Leudtke will be used as @ material witness in the USO,