Casper Daily Tribune Newspaper, May 4, 1924, Page 13

jUNDAY, MAY 4, 1924. Che Casper Sunday Cribune PAGE THIRTEEN. Bonds :: Stocks :: Grain :: Livestock :: All Markets NEWS AND QUOTATIONS BY LEASED WIR ‘ New York Stocks York stocks [TREND OF RENTALS — |Market Gossip and Briefs’ | waKtN@ MONEY =weearse=,| IN CITIES IS LOWER |On Operations in Oil Fields #2532555 Oil :: Finance : )ECLINE IN. MONEY RATES IS FORECAST) = Ameri 1 fonal Corp 23 4s A u ‘with substantial ts ecent Upturn Should Cause No Alarm Among] 4mertean Locomotive’ “"" 78 !Removal of Factories and Industrial Plants Binsios: OW oeeatiane: port trom Riverton, No confirma| “WWWN substantial, Proft American Smelting and Refs. Operations of the Marine Oil com-| tion of this story has been made by S Pool your funds with those of x American y ante pany in Salt Creek are shown as|the Casper office of the Marine, Fathers ia tied purchase et tas Business Men, Roger W. Babson Says Reena e katt: From Corporate Limits Encourages Many | Baits! venta eel eS Cts eg gan . e vee: American Woolen % fs Section 6-39-78—Wolverine CR-3:|thought is being glyen to such a ing big city in theeforld. It means In Discussing Conditions. Anaconda Copper Tenants to Move Out of Cities. Rig has been completed and now| program, greater buying power for your money a eaaclnes tos diiilere. tnd mpreading of your investment over ., Guif and W. Indies 3 -39-78—Wolv S-38: ‘a vast number of properties--no sul Baldwin «Locomotive: .... 113 Section 9-39-78—Wolverine DS-3! Haye Crooked Hole. dividing or stock, By J. C. ROYLE (Copyright, 1924, Casper Tribune) NEW YORK, May 3.-.Sufficient reports have come from various sec- BABSON PARK, Mass., May 2.—|banks themselves become humbie.} Baitimore and Ohio 22. oger W. Babson today issued the desing Spiel Fae nt A bpd es Bethiehem Steel ~--------~.- 10" in circul on, California Petroleum blowing statement relative to the) tia, rinany does turn in favor of the obable trend of money rates: borrower, it will be a flood." “Borrowers should not be frighten-] Mr. Babson was asked whether he of apartments in New| Drilled through the third Wali Creek] At a depth of 1,320 feot the test icago and other large cities} Sand to a depth of 3,127 fect. Found | well being drilled’ on Dutton anti. nt, not because people do} hole dry and it is now being plugged | cline by the Texas Production com- not avant the quarters but because| back to second Wall Creek sand] pany is having trouble with a crook. they will not pay the rents demand-|@"d casing is being pulled. ed hole. This test has been recent- THE SAFEST AND MOST PROFITABLE INVESTMENT EVER KNOWN IS INCOME-EARNING REAL ESTATE IN A RAPIDLY GROWING CITY LIKE— si hora see country suce the, spel: ed for those quarters. Then, too,{ Section niehrere Has|iy resumed after being shut down sees anything which could prevent] Chesapeake and Ohio anni moving day ursday to in-| the sur, reached depth o! 2: ect. NoW/all winter. The bjective A by ithe shiffening in \honey, tates) (fel oheaper snodes: trom Tanterlallg | Chicago and Northwestern jis, 61% | dlonte Ustinitaty:that the-retitale’ for Raaiglrahdects heey Sitch rouhing Sieitioh casing: Mayloee-=| thes Daketa. vnc ie pti |) ed LOS ANGELES hich took place re2rilty," rays) j) Chicago, R. I. and Pac. ~. the moderate and. higher “priced| war, is gradually correcting itself, | 244 feet of 12%4-Inch- casing run and] around 2.500 feet i 4 Mr. Babson. “Even the increase) «The only thing which can pos-| Chile coupes ~--= 27% | dwellings have not gone up.” On the] ~The advance inthe value of land| cemented. Hole has now reached er PBL d sablipint pit in note circulation or the decfcase|sibly make high money rates for Beinias in scha 63% | Contrary. in some sections they have| ana real property in the larger cities] depth of 405 feet. ai ALL of its great enhancement in Kold reserves should nave no ver |the next twelve months,” he re-]Consdlidated Gas ----------- $978 |shown slight decreases, has been so great that city property erat Railroad Workers Mell oe are MN oe nent effect on money rates. As}plied, “is a willingness by Europe} Gr icinie stecl lo2c1-lc.o.ee. 68%] This fact has not slowed’ down|is becoming too valuable to use for To Continue Test." Fat Tene ever poet iS eee uusinese qvieis down, tnoney rat.s/to pay very high rates and a wil- Cuba Cane Sugar pfd. ------ 67% | bullding” construction thruout the) factory and~ industrial Suses.. In-] Drilling of its test in the NW% Feel Eff. t Of Write for details of splendi ways decline and reserves incre: se.) ingness by our banks to be tempt-| famous Players Lasky ----- 70 | land to any apprectable degree. How- | dustrial plants therefore are moving] of section 7-36-81, North Casper ects profits paid by three previo Hierce the present conservative at-led by these high rates. This mean®!General Asphalt - 354% | ever, it has focused that construc-| into the suburbs and the locations|Creck structure, will be resumed 5 ° eR aD sl Mots as titude of business men and thvir|/they would be loaning our money to|General Electric -. 21934] tion on certain types of dwellings. | adjacent to the cities and are taking | after winter shutdown, the first of California Plague Your funds made payable and sent temporary unwillingness to go mto| Europe instead of to our own people.] General Motors 13% | Prospective investors are thinking| the majority of the workers engaged this, week by the Columbus Oil direct to a Los Angeles Bank. new ventures must cause a declitie| Personally I doubt if the banks will] Great Northern pfd. -. 56% twice about putting up Awellings | with them. company. uct ed ales in money rates and a co-responding| do this to nny extent. The bank-|Gulf States Steel - sue with labor and material at present} ‘Tho extent of the appreciation of ao CHEYENNE, Wyo., May 3.—The Sicicawe\in the'peiliawr Delsselct enh bstae op cise, Halted states rare ipotele) Luspiration Copper. $6°'| Prices when the placing of rentals| city property may be estimated from] CHICAGO, May 3.—Threatencd|C#lfornia foot-and-mouth epide 10S ANGELES TRUST ESTATES Ton Every cloud ‘has a silver|minded group of men, intensely in- a aot raat eae 37% | Above a certain level of the counters] tHe fact that the value of real prop:| tenant strikes here have brought a|W&S felt here May 1, when the 10"Floor Haas Bldg. pe a A Witten alti bene cuban meds ct elas 4 ohio pean 16 |immediate resistance from tenants. | erty and improvements.in the United | reduction in rents in several sections} U@on Pacific eut four hours trom Les Angeles. Calif. no exception to this rule. munities in bien they pas etd Wentiants copped i 38%4 | Money is easy, but even the reduc: | States incr a 918,000" be-} of the city in place of increases} *h® Weekly working time of its shop “Possibly banks are e. little fright-|loan money outelde only when’ they | Pimnec i S 60% | tion in the rediscount rate by the|tween 1912 and 1922 to a total of| posted during April by landlords, .A | &™Dloye The reduction was caus. pred june cow by; tel Hes vy oulire, canpat mately longil Al Dorit ore: larace truck 78% |New York Federal Reserve Bank {s| $176,414,444,000 and that the rate of] iarge number of apartments still are|@d by slack ‘traffic resulling. from figure. . The last, report™.completed/ over, we! shold” fot’ expect” any. 35% |not expected to stimulate “some increase in the last year has been| rep, co the embargo on movement of Calj.| WANTED—CI the first quarter of 1924 which|banks to loan money when they can-| Marland Ol) | —- sareronialeatt || hig saree pears se Rarepee y been | reported vacant. peien movement of Call owed 5655 defaults having Mabill-|not safely loan it, because. the| Miagie States ONT 3 : — les of $184,865,000 compared with} money really is not their money but| Ney Yorke central 101 ST. LOUIS, May 3.—Composition 5316 defaults having Wabilities of|rather the money of the people of] Northern Pacific — 51% ‘ paerane Netanhaee seme Tea $138,231,000 for the firs’ quarter of|/the community. I am basing my] Pacific Oil 48% an hour, At present the scale calls 1922, This inctgase in failures af-|forecast of lower money rates on] Pan American Petroleum 46% fant paviiont orelas. ‘Some sant fects all sections excenting the|these four things: Producers and Refiners 26% DEIN Cae TRis albinig: contract Tien South Atlantic States and the Pa-| 1. Banks wil! loan money in order| Pure OM - 23 , Gen yy a Nth oe i ea eared A cific Coast States. The Agricultural | to. exist. Sears Roebuck bday Sige KEYSTONE ADDITION Sinclair Con Oil 0% Western States Well. Z 7h — an Cotton Rags at ‘oducts. The Tribune Office. INVESTIGATE: Central West has been especially 2. Banks will loan money where : hard hit. On the other hand it|they can get the best rate with} Southern Pacific - - 89% Seventy-five barrels of oil and ghould ‘not be forgotten that banks | What tn tisicy opiate is saxety: a sah penis é Mb trom 8 to 10 million cubic feet of || 4, N Steet hear McKinley strect subway, will be easily « must Ioan money in order to make| 3. Banks will question the safety fire Fee ‘ : daw ere Okie bole promised by aE e city and very close to business center. money. A bank which hoards its|of most, forefgn loans until condi-| Sudebaker Corporation ---- Sit Rally Staged Early in Week Checks Selling att No. 2 NW4SE% soction 5-35 funds would soon go. into bank-|tions in Europe become more #et-| rohacco Products A. -. = 85 : Lance Creek field, ruptey. A hank must loan its de-|tled. Hence, they will loan thelr | Tronscontinental” Oll tg By Shorts but Irregularity Stands Out ire atoms. supe PRICES—$125 to $300 posits or go broke. Hence, all that|funds at home. Union Pacific _- = ast NWeetérn ates Oil and Land Terms—$25 Down, Balanc Month, ny which owns the wel! ' ice $10 Monthly Drilling in was completed yes- Size of Lots — 40x120—Many Larger at a total de 7 feet bank directors can do is to choose which are the best loans or from whom they can get the best rate commensurate with safety. When 4. In the meantime the demand] ty. s. Ind. Alcohol 67% S Pap tar managers re rp) LOA a ea In General Trading. ing to a general quietness in bus!-] United States Steel - 98 ness as evidenced by the Babson-| Westinghouse Electric -. - 56% business is active and the demand|chart standing at 8% below normal. | Willys Overland 8%] NEW YORK, May 3—Restriction|regarding the quarterly report of | Production of oll is expected to in “A LOOK MEANS A LOT” for money exceeds the supply, banks|To tempt people to. borrow under} Colorado Fuel and Iron 39% [Oe short selling in response to re-|the United States Steel corporation Steane Aa the gas carded gimis a are independent and their customers|such conditions rates must decline. SS ae were vindicated for the most part | This well is in the same sand which very humble. When, however, bus-|'These declining rates, however, al- duction in the local federal reserve | 111 the result that they realized on | is giving the Ohio Oil company, in is quiet and the supply of| ways result in new developments and rediscount rate and irregularity | buying early in the week. Reaction | barrels daily from a we!l not SEE BEN REALTY CO, money exceeds the demand from|make for permanent growth and in- based on conflicting trade reports | developed in the next day's trading, | tant. 201-203 Midwest Bldg. REALTORS Phone 1480 marked the week's trading in the| however, and Bethlehem declined on et good borrowers, then these’ same creased prosperit: f stock market which was «till fol-| announcement of new financing. Pilot Butte Campaign. 3 Anglo 7 lowing an uncertain trend at the] Heavy selling of motor shares fol:} The Marine O!l company ts con Q - Buckeye close of today's brief session. Colo-| lowed publication of the Studebaker | templating the drilling of three new rice um ar Ss ose Continental rado Fuel was one of the few to] quarterly report revealing a decline | wells in the Pilot Butte field in Fre Cumberland show a marked display of strength | in earnings in comparison withsthe| mont county, according to a re- reaching a new high for the} corresponding period last year. New ° ” is . Galena -. 1 Illinois: year, and shipping shares also| records for the year were touched rain \Viarket ira ing ABE SEA eee glace ee Grd a ie FREE — FREE — FREE The Biggest Thing Outo Doors 21% 21% | about 275,000 shares and the closing} Railroad earnings statements were 78 7844 | was firm. disappointing in part, but a ma- 98. Divergence of views developed in | jority of the stocks held firm. 64 65. | interpreting the probable effect of| Both textile and leather shures re- 225 226 | the reduction in the re-discount rate, | flected unfavorable trade reports. 105 105% | but frst impressions were favorable} Movement of sugar shares was 193 196 Jand brought about a sharp rally in| erratic. 97% | stock values. Later uncertainty Pool operations were encouraged a2 developed. by easy money rates but activities 106 Expectations of speculators re-! wore restricted largely to specialties. pose fea We ea Ba a oy either bel athe ea * Today's range of grain and provi- sion prices follow. ‘ Opening High Low Close} prairie Pipe Solar Ref. CHICAGO, May 3.—Reaction from the recent climb in wheat. prices today followed reports of favorable crop conditions throughout the grain | WHEAT: belt and a sharp decline resulted.|. May. 105 105% 108% 103% May wheat closing at $1.03% andj) July. 107% 107% 106% 106% July at $1.06%, while May corn was 107% 108% 107% 107% marked down to 77%c and July corn at 78%c. 8 1% ‘The upward-trend in prices con- Wk tinued at Intervals during the week, y : + pibiiae 2 78% 77% % .78% 78% .79 78% “(Crash on Berlin Bourse reaching a peak on Friday. Cana- 136 Bay ae dian wheat purchases for export to ie _ 6% athe Story ‘olling y 7 A™ « “ di by Co Sh i 1 Europe was the main bullish fac- Sh ATE. ASS, FOR ne (Gigantic Potentialities | tor, heavy buying being reported. july. As% M43 4AM. 44 Temporary setbacks occurred from 40% 40% 40 40 month end liquidating sales but with the prospects of enaction of the Me- 10.85 20.85 10.82, 1082 fary-Haugen agricultural export bill =-11,10 11.10 11.07" 11.07 still in the lmelight the demand Cat Creek --. continued strong. 9.92 9.92 9.92 9.92 | Lance Creek The corn market showed some 10.05 Osage, --. improvment prior to today's slump ass Creek light _ in planting delays north of the Ohio 10.57 | Grass Creek, heavy river. 10:87 | Greybull -:---. Torchlight -. “The Niggest Thing Out of D: Is Feared by Speculators —Bigger ‘Tha a ps Sa YOUR DOLLARS BERLIN B Aprjl 3.—(United Press) Germany has had her preliminary lin speculators today are living;signs—Haab & Co., t Munich 1.90} on a volcano. The terror has seized | banking business with 1 nt bullion 1,90]/them all, big and little—vultures| reserve; the “Mining comp: y and the socalled “straight” houses. | Ruhr and Lippe,”’ the business They look back on the fate of the| two enterprising youths who, under Vienna Bourse, before the League of| this high-sounding name, were mak- Nations took over the Austrian fin-|!us big money for a long period ancial wreck. Speculators in. those| through the issuance ef bad shares, Vienna diy# are now in deepest | having for show pucpose a dwarf pit poverty. wherein real miners shoveled sand— ‘The speculators cannot but think|2™4 @ number of less conspicuous oe ul nteresting O§l in North fo Went, Vout Grow in a Savings Account! ern Colorad na G For > thi Where the Beautiful half-tone engravings of the gusher oll well, Map. of Now is the time to pla Colorado, panorama of Fort Col- Ll ait Aaah «| cases, lins. Pictures of ofl soaked cat- seeds for the future. A dollar iatocen of the a eee ne as they Also the second category of signs || tle Fascinating, fomante and ‘ Savi . un i were "at tl ne Jenne Baurse sa has become apparent. Old banking || instructive. set in a Savings Account today 101 iS ago to t 2 a re tej we i . . . . Livestock Brick Ferris the Deckin ekobanke totus nS At) institutes, still of the smaller typo, Rooklet wells for 10 comtn—it tx will look many times its size in a ; : : ave “* a answer * Topeka—Rains have benefitted) Chicago—Brick plants are show-| Byron i The Vienna events started with ets: Mira {anoly we ae s r mnme few years. Accumulated inter- Kansas grass and the growth is| ing signs of increased activity in this! Natches .65| dull business on the stock market he signs are t the structure ard—junt ‘ = now sufficient to carry cattle, ‘The| section. Man: re-working at| phot dute Here and there insolvencies of smati}0t tHe business coincides even to Thing Out of est does the trick. You're ate x i i . ode valuable book~ , Gane at fouthern stock which has arrived in| capacity and some plants idle during | Lander bankers occurred—bankers only in|‘? details ers ; vited to join with our many con- the state is in strong condition and|the winter aré resuming operations. name. The entire “bogus" of this . thatdd euit k will make rapid gains. Oklahoma kind of business was revealed. Grad-| Hammond, La,—Strawberry ship DENTON ented customers. os cattle are doing well. Cotton ually it affected even the “big ments are increasing steadily. Grow BROKERAGE St. Louis—Daniel Sully, tong St. Paul—The Northwest Grade] identified with cotton trading, has Cow Markét, Inc., has been esta-| advised farmers to decrease their biished at Arden Farms, near here.| cotton acreage the coming season to A stock of 500 cows will be sold on| force the price up. whose business, after all diffe only in that it was cond ers expect to continue shipments ed whole-| until May 20. Prices are steady GLENROCK, WYO. Citizens part payment basis. bi ‘ ae oo ationa Automobiles: San <Antonio—Tomato planting | Boston Wyoming New Orleans—Retail and whole-|conditions have been ideal this] Buck Creek sale sales of automobiles in this sec-| spring, rain and warm weather hay- ‘ tion in April were the smallest in|ing followed the transplanting of| Blackstone Sa!t Creek ,29 many months. Many local dealers| vines from the cold frames to the} Chappell wane 16 are overstocked. The situation is|ground, The outlook is for a crop|Columbing -.--------- .12% complicated by ‘the heavy stocks of] above normal. . Consolidated Royalty. 1.25 used cars. Central Pipe Line -.. 1.90 Corn Cow Gulch - - 03 Fruit Ft. Worth—Corn acreage all over | Pomino = 108 Springticld—A bumper peach crop] ‘rexag will be curtalled this year be. Hikhorn .-... ss expected in southern Missouri.| cause of the late spring. Much kat.) &. T. William) Orchards are. in splendid shape and| rir corn is being planted instead. Fargo size and quality seem assured. te Frantz Apples, pears and small fruits also Mimuticiacsa Préducke ate +. are in good condition, Boston—The Dwight manufactur-| Jupiter i akGtr a On ing company of Chicopee, Mass., has bot eres. OL % bre Houston—A dally average of 100,-| Yt Production schedules to a three | Lance Creek Royalty. OLY Burke -----. - Bank Consolidated Royalty Bldg. rand View Addition ONLY NINE MINUTES FROM THE POSTOFFICE Will Be Put on the Market This Week in Acre Tracts We Are the Owners.of This Splendid GRAND VIEW TRACT, and On Account of the Great Demand for Lots on the Pavement Have Decided to Plat This at Once, Into ONE ACRE FARMS womens 202 catiecphad 3.00 3.50 day a week basis, The Torrington | Marine -------~ 105 barrels of ol! was produced in the| Cor ae Nanuructurers of eoeion | Mike Henry Spica OLDBLATT Seria woe, Thesine oF corte has curtailed from 48 to 40 hours a ee ate Ath au This is your opportunity to get in on the ground floor and get an acre equal réis. Gulf const heavy oll produc-| Vek Ploardy ... Faas TER to six lots, where you can have a Country home just outside of the city limits, tion averaged 72,415, a decline of 2,- ae Preston ~ 01% 02% and still have and enjoy the advantage of the city. | oO r@) L Ss 110 barrels, Con Red Bank — 723.00 24.00 mcd Pittsburg--Coal production has de-| Royaity & Producers. .06 .07 Tents creased still more and now is est!-| sunset od $ 081% Kansas ‘City—Tourists tents are|™ated at only about 20 percent of/tom Bell Royalty -. in keen demand from manufacturers} Capacity. Steam mine run por ton|wertern Exploration — here. The largest call ix for the um-| at the mines Js quoted at $1.75 to $2, | Wyoka brella type which may be rapidly] ®8# coal at $2 to 5 and steam) western stat placed tn position slack at $1.30 to $1.2 Coke pro-|y Oi) .... a duction is one third less than a year By buying an acre in GRAND VIEW, you are only 9 minutes by auto, from the business part of the city, you get away from the High City taxes and High rentals, and you are on the best Pavement in the State of Wyoming, no mud in summer or winter. We Are Now Carrying for Your Convenience Full and Complete Line of the Famous GOLDBLATT TOOL a THESE Tracts will be put on the market as follows, the first ten tracts will go i ago, NEW YORK ccnp for $600 an acre, Sixty dollars down and ten dollars per month—after that the See Our Window Display Tox Witiaaslphis—whotesale sales. of ¢ as ountain Producers price will be advanced. s ‘ —Wholesale e mrock Oil ... .. are shoes from local factories improved Steel Salt Creek Prds. There will only be a limited number of tracts put on the market at this time. Exchange Furniture and Hardware Co. 215-219 West First Street in April, For women, black satin] Cleveland—Midland Steel Products| galt Creek Cons. 9.60 Some of them have already been spoken for. So get busy and and patent leather have proved the| company reports excellent business | Mutual 10.60 See Averill at 650 So. Lincoln, Casper, Wyo. best sellers, but while shoes also are} with April sales expected to be the| 8. O. 68.50 in demand for the summer trade.| largest of the year so far. Sales Prices have shown few changes and| have increased steadily since Decem those upward, _ pber 1. Call the Tribune for highway in- formations og.