Casper Daily Tribune Newspaper, April 25, 1924, Page 11

FRIDAY, APRIL 25, 1924. Che Casver Daily Cribune PAGE ELEVEN. Finance :: GE NOTED IN WOOL TRADING Prices Hold Fairly Steady in Boston Market With Continuation of Export Demand; Operations in West Reviewed. BOSTON, April 25.—Tho Commer- cial Bulletin will say tomorrow: “Business continues moderately with prices holding no more: than steady in the eastern seaboard mar- kets) Export trading continues. Operations in the west have been scattering at prices generally rang- ing from 39 to 43 cents in Nevada, Wyoming and Idaho, In Texas, 12 months wools have been sold at 46 cents and elght months clips at 41@42 cents. Some of the manu- facturers, temporarily at least, ap- pear to be. getting some repeat orders, although not enough to dis- turb the market or force ther to buy wool, except at thelr conyent- ence. “The forelgn markets keep very Everyman’s By GEORGE T. HUGEKES. Copyright, 1924, by Consolidated Press Association Eighth Article Hot Tips He hatled a taxicab and got, in addition to a ride, a hot tip on the stock market. The stock of the com- pany that. owned the taxicab was colng.up.. The taxi driver sald so, . Tip-'Taker hastened “Do yo honestly think a taxi ériver is in a position to know the financial affairs of the company that employs hims?" asked the broker. “We'll buy it for you, If you instst, but why not go out and get from brakemen and track walkers a few hot tips on Atchison, Missour! Pac- ific, Union Pacific, New Haven or Wabash, and clean up big? Silly? “Certainly, but absolutely trve and all too frequently typical of thy way otherwise intelligent peo- re their money away. Lambs in the stock market? Absolutely a misnomer—hard headed goats who inaist on butting in, all in a sweat from hot tips; which are worth just what you pay for them when given’ away and a whole lot less when bought for money. Dr. Tip Taker—he ts a well-to-do physiclan—had a friend who was a friend of a director in a certain com- rany. The director told the friend thatthe stock was going up. Friend told the doctor. Doctor hot-footed to a broker, a patient of his. “The stock is too high,” said the brokey- “The company {s sound, well #hanaged, pays g00d dividends, but business cannot earn enough hoi r profitable it may be, to jus- steady. Prices are expected to rule firm at London and in the primary markets at the sales next week and the week following. “Mohair is yery firm at the re- cent advance. Tho new season is Just opening firm in South Africa." Tho Bulletin will publish tho fol- lowing wool quotations tomorrow: Domestic: Ohio and Pennsylvania fleeces: Delaine, unwashed, 55@56c; half blood combing, 56c; three- eights blood combing, 54@55c; quar- ter blood combing, 62@58c; fine, un- washed, 48@49c. Michigan and New York fleeces: Delaine, unwashed, 53@54c; fine, un- washed, 47@48c; washed, 54@55c; three-elghts blood, unwashed, 53@54c; quarter ‘blood, unwashed, 52@53c. Investment tify such a price for the stock. <A lot of people are gambling in the stock and giving it a fictitious value. When you prescribe for me I follow Now I'm prescribing Consider every element and aspect of the business, and you won't But if you are acting on this tip, remember that when I call you for margins I'm going to call you your advice. for you. buy. hard.” The doctor insisted on buying at Within two wecks the. stock 116. broke to 82. Any person not In position to study constantly and to know the stock market has absolutely no business Specula- tion is a profession In itself and the average person who tries to specu- late is just as well qualified to prac- tice law, medicine, dentistry, archi- I quote president af trying to trade in stocks. tecture and- engineering. Seymour L. Cromwell, the New York stock exchange, who said in a public address: “I am often asked what protection the small man has in the stook mar- man should not be In the stock market ex- I believe that ket. First of all, the small cept as an investor, great harm is done both to the pub- Me and to the brokerage business by catering to the man of small means who does not buy outright, and, who, after all, must be only a gambler under the circumstances," at prices that you know from honest Better for investment certainty, buy good expert information are fair. bonds. Qfr. Hughes’ ninth article will ap- pear in the Tribune next Saturday. Trade News Shoes. BOSTON—The BH, B. Taylor com: pany bas closed its shoe factory here permanently. The company will continue ito operate its Brockton and New Be(ford plants, Wool. FORT WORTH—Shearlng has be- gun in the McCullouch country dis- trict Where wool production will show an increase this year. Buyers have contracted for 150,000 pounds of wool on the sheeps back around Lampasas at 44 cents but prices since have dropped. Shearing will not start at Lampasas until May. Floor Covering. KANSAS CITY—Rugs and Upate eums are selling well, uticy< prices on the former paving veo trade from an cxeetonalty wide territory. Sales are belng made to merchants located within a few} miles of competitive markets. New fall openings probably will be held May 5. Rallroad Equipment. ST. PAUL—Two hundred men will be employed in the new St. Paul shops of the Western Fruit @rowers express on the thousand refrigerator cars which will be built this year. Fruit. WOODLAND, Cal.—Europo again {s a heavy buyer of California (ried fruits. Demand from this section is fo heavy that dried fruit packing plants are working day and night shifts, Livestock. AMARILLO, Texas—Grazing 00 the new spring grass has started in the Pan Handle region despite the late bad weather of last week. Here- ford yearlings which wintered on the open range wil! be delivered May 1, at $37.50 a head, a record price for this ‘year. Tron and Bteel. PITTSBURGH —Basic pig tron has been offered at $21 valley mak- ing a quotable figure to replace the old price of $22 which had become nominal. No sales have been report- ed. Valley foundry iron is Gown to $22 furnace and is weak at that level. Coal. BOSTON—Coal dealers here feel that the southern market has start- ed the upward swing. Prices here are firmer but buying is still qutct. One large loca! dealer has with- drawn from the market temporarily. Cotton. ATLANTA—The shortage of labor makes it unlikely that the cotton nereage to be picked this year will be larger than in 1923. Heavy ban- donment is expected should there be a prolonged spell of bad weather. Electrical Equipment. PHILADELPHIA—One electrical supply house has brought suit in 43 cakes on notes for leas than $300 each, apparently given for electric washing machines bought on the part payment plan. Bullding Materials, CLEVELAND—Officials of the Cleveland board of lumber dealers sald today that lumber of a six-room motel house totaling 17,828 fect which cogt $2.023 in 1920, can now be bought for $1,200. Lumber deal- rn do not look for prices to drop. Missouri Students Will Study Geology at Teapot CHEYENNE, Wyo., April 25.— Teapot Dome and other Wyoming are to be this summer by large kroup of students ft the mining de- rtment of the University of Mis- fourl, The students will come to Wyoming by automobile, leaving Columbia, Mo-, June 6, and will re- Un in this st eight weeks. They “ill establish a permanent camp Kear Lander, but will make excur ‘ gical formations dled a sions to sevéral other sections of the state. The Lander, Dallas and It Creek oil flelds will be visited. the old gold mines at Atlantic Cit will be Inspected, a four-day trip will be made Into the heart of the Wind River mountains and coal formations near Laramie will be looked over. Asbestos, copper, phos- thate and fron deposits also will be inspected. The Missourl expedition will be under command of Dr. M. G. Mehl half blood, un- Bonds New York Stocks 5 Last Bale Alloa Chemtcat & Dye 10 American Car and Foundry. 157 , ‘American International Corp 21% American Locomotive --.--. 71% American Sme!ting & Refg. -. 61 American Suyar -.. 41% American T, and T. -. 126% American Tobacco MIB American Woolen . 86 Anaconfa Copper 32% Atchison --.-..-- 101% Atl, Gulg and West Indies __ 15 Baldwin Locomotive --. Baltimere and Ohio Bethlehem Steel California Petroleum eoewene 24% Canadian Pacific ---.-_._ 148 Central Leather -.._-.---..114% B Cerro de’Pasco Copper --.-.. 45 Chandler Motors -_. 46% Chesapeake and Ohio ~. 74% Chicago, and Northwestern .. 51 Chicago, Mil. & St. Paul pfd 24% Chicago, R. I. and Pac. -. 24 Chile Copper Chino Copper Consolidated Gas Gorn Products Cosden Oil Crucible Steel od Cuba Cane Sugar pid. oe Erle -... Famous Players Lasky General Asphalt — General Electric General Motors — 13% Great Northern nfd. -—___.. 55% Gulf States Steel -..... 70 Illinois Central ~----101% B Inspiration Copper 24% International Harvester w--- 84% Int, Mer. Marine pfd. International Paper Invincible Oll -.--—. Kelly Springfie’d Tide Kennecott Copper - Lima. Locomotive ~.. Loujsville and Nashville Mack Truck .. Marlang Oi) 35 Maxwell! Motors 11% Middle States Oil 1... 3% Missouri, Kan. and Tex. | new 10% Missourl Pacific pfda. “ 122 Northern Pacific ---~-. 51 Pacific Oil wewnena- 50 Pan American Petroleum B . 46% Pennsylvania -. aa 44h People’s Gas .--------______92% B Producers and Refiners. -... 27 Pure Oil —: wena 28 Reading ewwewesennn= 5314 Republic Iron and Steel ----. 474% Sears Roebuck .....-----. 84% Sinc'alr Con Of! -.. 21% Southern Pacific —.. 88% Southern Railway -. 53% Standard Of] or N. J. ------. 36% Studebaker Corporation - 85% Texas Co, ~--...-----------. 41% Texas and Pacific -._---. 27% Tobacco Products A. ~.-----. 86% ;| Transcontinental Of... 4% Union Pacific ----—~.--.---. 129% U. §. Ind. Aleohol --.-~.-. 67% United States Rubber United States Steel Utah Copper . Westinghouse Willys Overland American Zinc, Leaa anf# Sm. ™ B Butte and Superior Colorado Fuel and Iron Montana Power National Lead Shattuck Arizona Anglo 15% Buckeye -.. 62 65 Continental 43 Cumberland 130 IVinois .---e-nenennees 181 183 Ilinots Pipe 133 Indiana 90 21% 75 7 Ohio ol 62 Prairie Oil 218 Prairle Pipe 101% 102 Solar Ref, - 185 188 Sou. Pipe -. - 4 95 8. O. Kan, - 40 40% 8. O. Ky. - - 103 104 8. 0. Ohio — 283 287 Vacuum - 87% 58 §. PF. Olb - - 130 181, S. O. Indiana 57 7% CRUDE MARKET Cat Creek ... Lance Creek Onage Grass Creek light Grass Creek, heavy Greybull Torchlight Elk Basin - Rock Creek Salt Creek Big Muddy ~ Mule Creel Sunburst Hamilton Dome Ferris Byron Notches Pilot Butte Lander SILVER NEW YORK, April 26.—Bar asil- ver, 644%; Mexican dollars, 49%. LONDON, April 25.—Bar alive 33% pence per ounce, Money, 1 per cent- TOO LATE TO CLASSIFY ‘Brammer for plumbing and gan fitting, special attention given repair work, Phone 2090J. LOST—Somewhere between here and Salt Creek, one 31x4 Oldfield cord tire. Finder please return to T. M. Shaw, 611 Midwest Bldg. Ne- eclve reward, Stocks Bid Asked SE EN eae | | Big Indian -_--.. 05.06 Beston wae nnes 90 95 Buck Creek wee 626 2t Burke ~-~..---..----- 26 Blackstone Salt Creek .30 .33 Chappell ........... «16 18 Columbine ....-. 13 4 Central Pipe --..----. 1.90 2.00 Consolidate@ Royalty-. 1.23 1.2 Cow Gulch .--.----. 03.04 Domino ----- 08 10 Elkhorn *.-.. 02 04 BE. T; - 46 AB Fargo aeernnn——--= 109 aL Frants wee=5.50 6.00 Gates = 10 aL Jupiter: -—----------. 0044 01 Kinney Coastal ---... lL 12 Lance Creek Royalty .01 Marine -..-—.--.---. 3.00 Mike Henry --.----.. .00% Mountain & Gulg -.-. 165 New York Oli ---.----11.25 12.25 Picardy 203.04 Preston <.----.-----=' .00% .01 Red Bank ----..+----22.00 23.00 eet rpetoctiag? Royalty & Producers - .06% .07% Suriset | = 084.0736 Tom Bell Royalty -.. .02 03 Western Exploration - 3.60 3.80 Wyo-Kans ~~. ~ 90 1.00 ‘Western States ~. PS 2 Ei) GRRSRINS 2 RE ay 09 10 NEW YORK CURB CLOSING Mountain Producers . 18.50 18.75 Glenrock Oll - 80 40 Salt Creek Pras - 24.75 25.00 Salt Creek Cons ----.. 8.50 8.73 New York Oi; -... 12,50 18.00 Mutual ~~. — 10.50 10.75 8. O. Indiana 57.75 68.00 VESTOCK Chicago Prices. CHICAGO, April 25.—(U. 8. De- partment of Agriculture.}—Hogs— Receipts, 00; strong to Se higher than Thursday's average, mostly on desirable grades; others, slow; big packers inactive; talking 10c lower; bulk good a choice 250 to 325 pound butchers, $7.30@7.40; top, $7.45; bulk better grades 160 to 225 pound weight, $7.15@7.85; desirable 140 to 150 pound weight, largely $6.65@7.10; packing sows, $6.70@ 6.85; killing pigs, steady to strong; bulk good and choice 115 to 130 pound weight, $5.75@6.25; heavy- weight hogs, $7.15@7:45; medium, $7-10@7.40; Ught, $6.75@7.85; ght Ught, $5.75@7.15; packing sows, smooth, $6.75@6.90; packing sows, rough, $6.60@6.75; slaughter pigs, $4.50@6.25. Cattle—Receipts, %,000; killing classes, slow, steady with week's uneven decline; killing quality, largely medium; beef steer run in- cludes about 70 head experimental fed bullocks; most fed steers, $8.25 @250; few eligible to exceed $10.50; iberai supply fat she stock offerings accumulation from earlier in week; most fat cows, $5.00@7.25; few, $8.00 and better; some good to choice beef heifers, held around $9.00; bulk, $6.00@8.00; most bologna bulls, $4.00 @4.50; few heavies, $4.65 and better; stockers and in fresh receipts, fully steady ‘with week's 15 to 25¢ advance, Sheep—Receipts, 16,000; eompara- tively slow; generally steady; destr- able fat wooled lambs, $15.75@16.50; early top, $16.50; choice clipped lambs, $14.50@14.75; good to choice fat wooled ewes, $8.50@9,50; early bulk spring lambs, §17.00@22.00. Omaha Quotations OMAHA, Neb., April (w, Department of Agriculture)—Hogs. Receipts 10,500; fairly active; fully five cents higher; spots 10c higher on Ught and mixed offerings; bulk 210 to 300 pound butchers $6.90@ $7.00; top $7.05; desirable 160 to 210 pound weights: $6.65@$6,90; packing sows mostly $6.40@$6.50; avernge cost yesterday $6.86; weight 254, Cattle-—Receipts 1,250; hardly sut- ficient beef steers or yearlings here to test market conditions; few loads $7.75 @$9.50; slow to steady, she stock dull 15@26c lower; heifers off most; vealers steady to 25c lower; bulls steady; stockers and feeders nominally steady; bulk butcher cows and heifers $5.35@$7.75; canners and cutters $2.50@$4.25; vealers to pack- ers $8.00@ $8.50; few at $9.00; bologna bulls $4.35 @ $4.50. Sheep—Receipts 2,000; wooled laaabs strong; one load 63 pound ay- erages to shippers $16.00, Generally bidding fully steady; no sheep or shearing lambs offered, Denver Prices DENVER, Colo,, April 25.—(U, 8. Department of Agriculture)—Hogs— Receipts 300; steady to five cents higher; top $7.00 paid for choice 240 pound averages; others mostly $6.90 @$6.95; includtng one load 260 pound weights at $6.90; few desirable light 8. lights $6.25; packing sows mostly $5.75. Cattle—Receipts 300; calves 60 stendy; few cows $5.90; and heifers $6.50; heifers $7.00 to $8.00; plainer kind’ $6.50; odd veal. ers $11.60 to $12.00; desirable steers held above $9.00, Bheep—Recetpts 5,000; active; fat lambs around 15 higher; top $15.40 others mostly $16.25 to $15.35; one lond $15.00 flat; one load 77 pound mixed cows averages to nearby fed fot $14.75 freight pald; sheep scarce. —_—————. Foreign Exchange NEW YORK, April exchanges irregular. Quotations in cents: Great Britain demand 437 3-16; cables 437 7-16; 60 day bills on 28, —Foreign nks 434°15-16, France demand cablen 6 Italy demand 4 cables 4.45% Belgium demand Germany 4 a perl t Holland de 7.1914; Norway 13.83; Sweden Denmark 16,71; Switzerland 4; Spain 13.80; Greece demand 2.03; Poland .000012; Czecho Slovakia Jugo Slavin 1.24; Austria : Rumania .52%; Argentine 82.87; Brazil 11.20; Toklo 29%; Mon- treal 08%. Grain NEWS AND QUOTATIONS BY LEASED WIR OIL SECURITIES PRICE BOOST) CLIMB TODAY New York Quotations Climb As Shorts Continue To Cover. NEW YORK, April 25, —Active short covering operations, influenc- ed in part by the abundance of money available at low rates, brought about a general advance in prices in today’s stock market. Standard industrials led the rally, United States Steel again touching par. Sales approximated 900,000 shares. NEW YORK, April 25—Short covering operations were again in evidence at the opening of today's stock market, which displayed a firm tone. National Supply moved up 1% and Bethlehem Steel gained fractionally in response to the in- creased earnings shown in the quar- terly report published late yester- y. Olls were again in good de- d, Producers and Refiners lead- ing the advance with a gain of one point, With the exception of Kel- Wheel, which dropped one point to 80, a new 1924 low, the general st displayed a firm tone through- out the early dealings, Good buy- ing support appeared for all the usual leaders, Baldwin, American Can, Studebaker and Guilt States Steel selling a point or so higher. Corn Products and U. 8. Cast Iron Pipe each moved up more than two points. Accumulation of the oils in further refiection of the decreased crude production resulted in Pan- American B, Cosden, Pacific and Standard Oil of California seiling about a point higher, Pere Mar- quette touched a new 1924 top at 46%. Foreign exchanges opened Irregular. Retreat of the short interests was hastened by the plethorax of money, call funds renewing at 3% per cent for the first time in weeks; while trading was not In unusually large volume, prices snapped back vigor- ously from thelr recent low levels, General Wlectric extended its gain to nearly four points and U. 8. Cast Iron, Baldwin, Otis Elevator, Na- tional Supply and Gulf States Stee! selling 2 to S3gpoints above yester- day’s final quotations. United States Steel moved up 1% points to 99%, the steels, olls, sugars, motors and chemicals all giving good exh: bitions of group strength. Early hesitancy of the rails disappeared when a brisk demand developed for “Nickel Plate’ of an early increase in the dividend. Chesapeake and Ohio moved up near. ly two points and Union Pacific can- celled yesterday's loss, With United States Steel reach- ing par, the highest figure in three weeks, the bulls became more con- fident' of their position and pro- ceeded to bid up es rapidly against the short interests, Popu- lar industrials of the callbre of American Can, Baldwin and Gulf States Steel, sold three points be- yond yesterday's closing, with U.S. Cast Iron Pipe rising 4%. Otis Elevator jumped five points. Nor: folk and Western, however, was a notable exception, falling back a point. ‘The closing was firm. Heavy sell- ing of Norfolk and Western which yielded 2 points, checked the over 2 rally in the late trading. POTATOES CHICAGO, April 25.—Potatoes, trading very slow, market weak; re- ceipts, 49 cars; total U. 8. ship: ments, 686; Wisconsin sacked round whites, $1-10@1.26; bulk, $1.00@1.30; Minnesota and North Dakota sacked Red River Ohfos, $1,35@1.50; Idaho sacked Russetis, _$ 30@2.5 MONEY I NEW YORK, = April 5.—Call money eas: nigh 3%; low 3%; rul ing rate 3%; closing bid 314; offered at 3%; last loan 3% call loans against acceptances 3'4; time loans steady; mixed collateral, 60-00 days 414; 4-6 months 4% @4%; prime conp mercial paper 4 METALS NEW YORK, April 25.—Copper— Steady; electrolytic spot and futures 13% @13%, Tin—Easy; futures 48.50. Iron—Steady; prices unchanged. Lard—Hasy; spot 7.75@8.00 Zine—Easy; Kast St. Louis spot and futures 6.10. Antimony spot and nearby 48.7 NEW YORK, April sugar was unchanged at for fine granulated. Avfair inquiry was reported at the lower figure, Refined futures were nominal a Butter lower; standards 370; c; firsts 35@ CHICAGO, April 25 creamery extras 37c extra firsts 3 seconds § 6 unchan recelpts $1,124 which jumped four points on speculative expectations Livestock :: All Markets OTOGKS GIVEN WHEAT PRICES Unfavorable North west Encourages More Buying CHICAGO, April 25. — Wheat prices showed a moderate upward in the early deal- of quotations at Liverpool gave some little encour- agement to ‘buyers here. however, lacked volume, being for ‘Trade, the most part of a local character. The opening, tic off to which ranged from Yec advance, with May $1.02% to $1.02% and July $1.04%, was followed by fractional gains all around, Unfavorable weather work in the northwest led to con- siderable buying later, and gave a The close further $1.03% to Uft to was firm, % for prices. 4s to %c net higher, May $1.03%, and July $1.05% @% to $1.05%. Despito strength. cline to % the ge closed firm, After somewhat © adv market May al upturn, Much of the day's business con- sisted in changing from May into more sistant. deliveries. May Ta ie to 77%, Oats duplicated the action of corn, starting at a shade lower to %4@Kec advance, May 46% to 46%c, later continuing to harden. Provision: sence of any WHEAT— May -.--$ ren pipe Jd that Vandruff Pe- yee baa ahd has found that the eeeeer. is: oping in the wells a eke das 76% of hundred feet deep 4 Rept Den district contains a very Oxne. ‘77% 78%) considerable quantity of ichthyol. May . , | The wells deliver from six to ten July 40% 46% 46% | barrels daily of almost commercial Mose 445% 44% 44% | Jubricating oll and it is from this sas) 40% 40 40%} uid that the mineral of value to tare medicine will be extracted by a spe a4 $0.88 zoe cial process attached to a refinery RIBS— -87] now under construction. Ma: es sul. .c oer aor Royce Lander Station. BELLIES— 7 A filling and automobile service May_._--. 10.29| Station costing approximately $7,600 Be SETS eA 10.59] 18 to be bullt at once in Lander by - Pat Royce of Casper. Mr. Royce MINNEAPOLIS, Minn., April 25,| Wl continue to make his home —Flour, unchanged. 8 were easy in the. ab- pecial demand. Open High Low Close 1.02% 1.03% eae 1.03% Bran, $22.00. Cash Grains and Provisions, CHICAGO, April 25.—Wheat num- ber 1 hard $1.07%; number 2 hard $1.04% @1.13. Corn number 2 mixed 78c; num- wr 2 yeliow iDi%e. Oats number 2 white 49%c; num- ber 3 white 48% @49%4. Rye no s: othy seed $13.50@22. Bellies $10.2 ales. F Lard $10.60. ———_>____ Tests CHEY Midwest company Portable drilling rig at the ranch of in the Tron Mountain wv. L. district, 40 enne, and is moving it to a site three miles west of the ranch hom tests of a ture will be ations will be about 15 miles north Jordan, Near Cheyenne Wyo., April 2 has miles northwest of Chey: . Several promising looking struc. arilled. The new oper of, Horse Creek, where drilling op- erations two years ago failed to bring results. —_—_—_———. LATE FLASHES WASHIN house and committee, working out a pay incre for postal employes have definitely GTON, April 25.—The senate postoffica sub. which jointly have been se schedule decided to disregard the recommen dations of Postmast eneral New and are expected instead to urge a flat increase of $300 for clerks and carriers, WASHIN' house to give the Foster voted overwhelmingly immediate consideration 'GTON, April 25.—The today to resolution propohing a child labor amendment to the consti- tution, debate ana two-thirds majority pected late DUTCH (By Aithou ful aviators in th here e ctr ful cult of t that chine, to Du 550 milk tak, WASHINt posal of Secretary to cheek ca pted by the thelr Frederick 1. would be able Six hours were allotted for with a is ex the final vote, required tomorrow. HARBOR, Alaska, April Associated Press). ne weather continued fit- arly today, three army readiness to continue a he earth remained hope commander, Major Martin, in the fourth to make his from Kana before night teh Harbor es eastward, GTO. Apri! 25.--A pro Melion designed pital loss deductions was the senate today without © record. vote The committe provision exempt from a all th ing tax, ten per cent admission eater less than fifty cents was agreed to. BUFFAL! ur depart w O, N. ment April poster attacktr A tain women’s organteations for distopalty has been recalled by § etary of War We 1 today Mountain View Suburb lots are $250, $10 down, $7.50 « month. before Wom en Voters convention —_ Casper Monument (Vorks 608 Bouth Conwell Phone 2542 SEND IT TO THE PEARL WHITE LAUNDRE PHON® 1702. field enlarged re- ceipts here, corn responded to wheat opening at %%o de- 76% to scored a slight The market 1’ @% to 3% net higher. and ley 80@82c. Tim- 0. Clover seed at Ribs $10. unloaded a Jordan formation tickets welling for Weather In| caeehostovak Rep., $0 tts Dominion of French Republi Japanese 44 Kingdom of Belgium, Norway, Kingdom of Rep. of Chile, State of Queensland, 6s —~... U.K. of G. B. American Smo! American Sugar, 6s American ‘Tel, Anaconda Cop} Anaconca Copper 6s, 1955 At. Bethlehem Steel con., Canadian Pacific deb,, 48 -..-. Chicago. Burlington and Quincy ref. Chicago, Milwaukee and St. Paul c’ Chile Copper Great Northern, Montana Power, 5s A_ Northern Pacife ref., Northwestern Pacific Penn. R. R. gen. 58 - Sinclair Con. Oll., col. Southern Pacific Union Patt U. S. Rubber Utah Power and Western Union 6%s - Westinghouse Electric Wilson and Co., ev., Sanada, 5s, 1952 .. 8s Cs Sa, 1946 & 1, 64s, 37 Railway an iting Ss ~... Col, t per 7 is A Bell Tel. Gas and Electric 5s Cr FOREIGN. 98% 2955 Market Gossip and Briefs On Operations in Oil Fields Medicine in Oil. LOS ANGE here where he large filling station and ovher com- mercial enterprises. ofl in Californ: Meve it will oll out of few weeks When oil ts 4 is virtually will be made, April 19, Decrease Threatens Reserves; Continued decline in production of storage within the next to certain higher Long Beach field declined ES.—It is reported is interested in a ia Jeads oil men to be- be necessary to take meet requirements, rawn from storage, it prices In the week ended more than 10,000 barrels a day. This field is being exhausted rapidly and probably will be down with Santa Fe Springs fleld, which is producing 76,500 barrels daily, with- in a few weeks. Total production of the Los Angeles basin ts declin ing.in the face of much new drilling. 24 Oil Company. The 24 Ol company, organized some time ago to take over the hold- ings of the Ohio Of! company in the Torchlight field, has entered into a contract with Messrs. Talbott and Carr to do some drilling in that field. During the past two weeks the drillers have been busy getting their ‘rig moved over from the old location of the Van Guard company and they are now ready to proceed with drilling at a point near the center of the 24 Of! company’s hold- ings. A. D, Schenel is president of the new organization, Wall Street Briefs. Class cone railroads installed in service 37,652 freight cars and 661 locomotives in the first quarter of 1924, the American Railway at clation repor' 520 locomotives on order April 1, Magma Copper company reports net loss of $514,480 for 1923 against net loss of $781,762 the year before. GAOPER FACES RECORD YEAR IN 1024; REFINERY PAYROLLS GROW (Continued distributing cer graphically in the from nter, Page One) This city is geo: center of the state with all its wealth of livestock and ageiouitural The past w ually long and erated against In the oll fleld: fon it but at the sar in readiness a work to be don a for making er has ¢ nt Refint cu Midwe: 1 3.1 Natrona count company the re than has railroads ar re running ful There has been T s h forth across the city until w great deal of absolutely unfounded alarm is in the alr, That such a condi tion {s serious is seen in tho letter which comes from R. 8. Ellison, vice president of the Midwest Mefining company. The letter follows: “Mr. J. Fi. Hanway, Eadltor, Daily Tribune, entlemen “During the past ten days I have been surprised to hear reports from different par hore in Casper that they had heard it rumored on the atreet that The Midwest Refining company had laid off 2,000 or mor men, and that the Stanfard of company (Indiana) had laid off a number of men and had closed down six stills a8 ®& preliminary to shut ting down additional ones from timo to time. “Naturally, the report of the num- ber of men laid wa matter knowing that uéd to run at I did not uld Ls in readin: cor be t mors « or ed In that such loca | by some damago products, repo: party or slousty minerals, ete, inter has been unus- rigorous. It has op- the early campaign ®. After such a sen. easy to become pessimistic, ne time there stands marvelous amount of ¢, with plans complet this the greatest year r had rta show that the pany alone has men employed y. The Standard oil 00 men. Beslde ud the other refine 1 time with full crews, no laying off of men traveled back and ng 00 A off by this company us that I gave the ittle thought and the refine: contin thelr rated capacity, sider that h ru * taken se by Tuesday ni how: the issue of Henr “The Dearborn Inde 1 April 19, 1924, tt ttracted my at urding antion iti Pp feeling now ors were spread parties wilfully | bent upon commu: | ance 1 ru and miscalef, and no| publicity in the matter can be too pitifess in my opinion. “The editorial from the Dearborn Incependent is as follows: “Who should be ‘Interested just now to deal a blow at American business, or any part of American business? Who interested to see jobless men walking the streets. factories running part time, pro: duction decreased? ‘Somebody must be interested in bring! about this state of things because somebody is making © business of circulating rumors and falsehoods calculated to ore ate distrust. Within a few days there have been fed to newspapers by go-called financial news ager cles invented tales wholesale layoffs of employes, cancellation of raw material orders and cu tailment of procuction, In every instance these rumors wero abso- lutely without the slightest color of justification—yet they were In- vented they were circulated and when they were calle and disproved they by others equally calculated to of mind osmebody dd to aecount were followed falne, ally a fe apparently, wants to start something in this cour try, for financial or political rea rons, and somebody is guilty of a kind of treason to the American welfare which, upon exposure, will merit the penalty of treason “The put should beware reports calculated to rouse a spirit of Insecurity of foreboding. In the meantime, ry effort should be Je in every locality to discover just who it Is that is interested in trying to put the brakes on American industry at this time. normally and It {9 real bus ; aid bluster There tural, normal, nomic tieal reason why tt should nod. Which makes activities of a certain rumer- ory very inpictous urs very rn. B truly, ELLI NOTICE Auto repair shop open in connection Willis Garage. 363 South Ash Phone 1891-W now with