Casper Daily Tribune Newspaper, May 7, 1924, Page 9

- the owner of a $1,000 bond. BURLINGTON SHOWS "REVENUE INCREASE Transportation Cost Ratio Lowest in 1923 Since 1917 but Net Income Falls Off, State- ment Issued Today Shows. CHICAGO, May 1—A total in- crease of 3.85 per cent In revenues, compared with a transportation cost increase of 0.83 per cent was shown in tho annual report of the Chicago, Burlington and Quincy Railroad company for 1923, made public to- day. The transportation cost ratio of 87.01 percent was the lowest since 1917. Net income was $19,~ 529, compared with $20,261,487 for 1922. Railway operating revenues totalled $171,270,660, compared with $164,- 916.470 for 1922, while railway operating expenses aggregated $134,- 200,378 against $126,777,703 for 1922. After payment of $17,083,700 in divt- dends and $294,250 for sinking funds, an income balance of $1,- 917,884 was transferred to profit and loss, against $2,883,537 in 1922. Increased freight business in 1923 was attributed to increassed_ ton- nage of bituminous coal and manu- factured products. Passenger and express revenues also increased. The automobile is steadily cutting into local passenger business but the long hauls aro increasing, the rt Additional train service required to handle increased business, and as increase of $1,215,177 in expenses for maintenance of way and struc- tures, principally due to storms and floods west of Missouri river, ond an increase of $4,918,921 in mainte- nance and repairs of equipment, in part due to the shopmen’s strike of 1922, were the major causes of in- creased operating expenses, accord- ing to the report. Increased wages also was a factor, the payroll hav- ing increased from $36,917,360 in 1913 and $49,179,625 in 1917, to $82,017,006 in 1923. A steady improvement in the financial condition of the farmer, although very little land changed hands by purchase, was reflected in the 3,400 inquiries about coloniza- tion, more than double the number in 1922, and 988 cars of immigrant: effects were received on the Alliance, Casper, McCook, Sheridan and Ster- ling divisions, or 301 more than in 1922. Agricultural activities were centered chiefly in promoting di- versified farming and livestock pro- duction. The report said 478 new industrial leases on the company’s lines re- flects the gradual expansion of bus! ness, with progress in the oll de- velopments in the Casper, Wyo., territory. Near Keystone, 8S, D., the discovery of feldspar deposits is ex- pected to result in those flelds being worked with” profit. Everyman’s Investment BY GEORGE T. HUGHES * The Different Denominations of Bonds are issued in varying de- mominations, usually $100, $500, $1000, 5000 and $10,000. Bond dealers re fere to them as $100, or $500 or $1,000 pieces. The $1,000 bond is the unit in bond trading. More $1000 bonds are issued than any other denomination and there is a slight advantage in buying $1000 bonds as they are a little easier to sell. Lib- erty bonds were issued in denomina- tions as low as $50 and some federal Jand bank bonds have been put out in a denomination of $40. The rea- son in this case for issuing a $40 | piece was to avold half cents in the coupon as a 4% per cent rate on a $50 bond would require semi annual disbursements of $1.12%4. Unless a bond house makes a specialty of selling these small de- nominations there is no profit in handling th The investment banker, however, always hopes that the buyer of a $100 bond will even- tually become an investor on a larg- er scale. As far as security goes. there is absolutely no difference ‘as between the denominations. The holder of a $100 piece has just the same protection for, his money as He does tose alittle in the matter of market- ability but that is not so important if he takes only issues of high invest- ment rating and small investors ought to buy nothing else. Probably the best course for the small capital- ist is to keep his savings in the bank until he has accumulated enough to buy a bond in the regular $-,000 denomination. If, however, he wants the im- mediate higher return there {s no ob- jection to buying the so-called “baby bonds” provided always he avoids speculative issues and buys primari- ly for permanent investment. With preferred stocks there is no such handicap in the matter of a market. It is just as easy to buy or to sell one share of a preferred stock Usted on the New York Stock Ex- change as it is to buy or to sell twenty-five, fifty or one hundred shares. And some preferred stocks are quite as sound investments as some bonds although when both are issued by the same coperation the bond holder has the prior claim. A bond holder is a creditor and must be paid as long as the corporation is solvent. The stockholder is a part- ner. There is no obligation moral or legal upon directors to declare di- vidends ever upon preferred stocks unless in their judgment the fin- ances of the company warrant it. Also to pay dividends out of any- thing else than profits or surplus is unlawful, —— Commodity Trade News Fruit SPOKANE—Reporta: from the apple districts of eastern Washing- ton and Oregon indicate the recent freeze affected about half of the best producing sections with dam- age ranging from 40 to 75 per cent in the areas touched, the worst loss in the history of the industry in this section, Shipments will be far below 30,000 cars and may total only 20,000 cars. HOUSTON—Reports af damage to the east Texas tomato crop have been exaggerated. Not more than 25 per cent of the total yield will be affected. SAN JOSE—Forecasts earlier this year that the apricot crop would be damaged by drought seems to have been erroneous. Growers re- port their orchards in fine condi- tion ané say the crop will be but lttle belgyw normal. Packing House Products CHICAGO—Many packers report that a distinct slowing up in col- lections, notably in the east denote ® purchasing power due to a@ slight drop in industrial. activity during the past few weeks. While the trade in beef continues to be very slow thére is a feir activity in pork, Automobile NEW YORK—The drop in sales of motor cars which took place in April was strikingly illustrated to- day by announcement that sales by Genera! Motors in that month totaled only $57,000 cars and trucks as red with 73,756 in March and 77,996 in February. Teo CLEVELAND—Tho City Ice and Fuel company and the Federal Ice Refrigerating company which con- trol plants in many Ohio cities have put drivers on a salary ana com- mission basis and will shortly of- fer employes stock on part pay- ment plan. Livestock FT. WORTH—Livestock agents of west Texas stated today the largest crop of ewes in the history of this section might be expected this year. ou SHREVEPORT—The Arkansas Invincible Ol Corporation, a sub- the holdings of the Smith Refining company in the Smackover field, consisting of 2% producing wells and 200 acres of land with equip- ment for $1,000,000. ‘TULSA—A_ report compiled by the Western Petroleum Refiners arsociation shows 803 refineries in Oklahama, Kansas, Missouri, Ar- kansas and Louisiana with a dally capacity of 1,222,066 barrels of crude oil, Coal PHILADELPHIA—Soma of the local retail goal dealers will ab- sorb the advance in anthracite of 10 to 15c a ton marked up by the mine operators and will keep prices to consunters unchanged. PITDSBURGH—Some contract tonnages have appeared in the Pittsburgh coal market giving the first signs of a revival of interest in the loca! trade, which has been stagnant for several weeks, ‘Tobacco ATLANTA—Bright leaf tobacco will be grown in more than five south Georgia counties this season as tha major crop. Cotton has been made to take second place by the small farmers of that section. Wool BOISE—The early sales of Ida- ho wool have brought lower prices than were expected, some clips go- ing as low as 86 to 39 cents. Grow: ers are organizing pools to hold for higher prices. MONEY NEW YORK, May 7.—Call money steady; high 3%; low 344; ruling rate 8%; closing bid 3%; offered at 3%; pT loan 3%. Call loans against ac- ceptances 3%. Time loans steady; mixed, collateral, 60-90 days 4% @4 41 @44; 4-6 months 44%; prime com: mercial paper 4% LIBERTY BONDS NEW YORK, May 1.—Liberty bonds closed: 3% $09.26. First 44a 100.10. Second 4% 1005. Third 4 148 100.21. Fourth 444810012. U, 8. government 44s 101.28, Che Casper Dally Cribune = ~ Stocks Grain NEWS AND QUOTATIONS BY LEASED WIR New York Stocks Last Sale Allied Chemical & Dye ~..-. 72% American Can -~.------.----108% }American Car & Foundry -.159B American International Corp. 23% American Locomotive ~-—---. 73B American Smeiting and Refg- American Sugar -- 43 American T. & T, ——~-.----126 American Tobacco ~-.-.---.-145, American Woolen ..--..----5 65% Anaconda Copper --..-.-.---_ 32% Atchison ~ ~--.-...+--..-—---100% Atl Guilt & W. Indies --...-. 16% Baldwin Locomotive -----113 Baltimore & Ohio ----------_.@3% Bethlehem Steel - -----.-. 49% California Petroleum ~ ~.-... 23% Canadian Pacific Cerro de Pasco Copper ~...--. 457% Chandler: Motors ~ ~------..-- 45 Chesapeake & Ohio —~ -..__.__ 74% Chicago & Northwestern ---_. 52% Chicago, Mil., & St. Paul, pfd_ 26% Chicago, R. I. & Pao ~....-_-.24% Chile Copper ---...----..-.--_ 27% Chion Copper ~.-.---._--___ 16% Consolidated Gaz Corn Procucts Cosden Ol! Crucible Steel — Cuba Cane Sugar, pfd -. Erie = Famdus Players-Lasky General Asphaic -.~. General Electric — General oMtors ---... Great Northern pfd Gulf Statea Steel -. Illinois Central Inspiration Copper om International Harvester --... Int. Mer. Marine pfa ----..-- International Paper ~~. Invincible Oil <a Kelly Springfield Tire -..._ Kennecott Copper .. Lima Locomotive -----... Louisville & Nashville -. Mack Truck -.--.—-~., Marland Ol --_._. Maxwell Motors Middle States Oil Missouri, Kan. & Missouri Pacific, pfd N. Y. N. Norfolk & Western Northern Pacific Pacific Oil -.-.-.--. en Pan American Petroleum B-- Penni People’s Gas .-. Producers & Refiners Pure Oil Reading — Republic Iron Sears Roebuck Sinclair Con. Southern Rat'way Standard’Oil of N. J. ~~. —: Studebaker Corporation -._... Union Pacific U. 8. Ind. wonn------ 68% United States Rubber United States Stel _.... Utah Copper tenenewen= 68% Westinghouse Blectric Butte & Superior -..-_... Colorado Fuel & Iron ~... Montana Power National Lead ~.-.. Shattuck Arizona Bid 18% - 62 42% Asked Anglo . ~-...-.. Buckeye _ Continental . .-.. Cumberland - Galena TMinois Indiana Nat. Tran Nor. Pipe Ohio Ol ... Prairie Oil wemmw nnn ann $1.95 === 1.90 ee a |i} Grass Creek light -....--..... 1.95 Grass Creek, heavy ~-....... .90 Greybull Torchlight Big Muddy Mule Creel Sunburst Hamilton Dome Ferris Byron ~ Notehes Pilot Butte Lander Butter and Eggs CHICAGO, May 7,—Butter, lower, creamery extras, 36c; standards, 360; extra firsts, 35@35%c; firsts, 334@ 34% c; seconds, 30@32%c. Eggs, higher; receipts, 29,016 cases; firsts, 22% @2%c; ordjnary firsts, 20% @21c; storage pack ex tras, 2440; f firsta, 2 SILVER NEW YORK, May 7.—Bar silver, 6444; Mexican dollars, 49%. a Call the Tribune for highway in- formation, — OIL SECURITIES By Wilson Cranmer & Co, Bessemer = ---c-wenn= 25 Indian - Buck Creek ~--.-----= ci Black Stone Salt Creek .' Chappell ~ Columbine ~ —-.-.--.-. 12 Central — 1,90 Consolidat Royalty -1.25 Cow Gulch -...---.-.. 03 Domino -. 08 Elkhorn = E. T. Willams ~----.- Fargo 2.00 1.27 04 04 Jupiter --------.. Kinney Coastal Lance Creek Royalty farine ~-.----~ ike Henry -.-~.-. p Mountain & Gulf ----.-1.54 New York Oil ~-.---.12.50 13.00 Picardy 05 Preston ~.---~... 02% Red Bank ---.. Royalty & Produce Sunset . ~--.------- .04% Tom Bell Royalty --. .02 Western Exploration -.3.60 Wyo-Kans ..-.---.. 90 Western Oll Fiel ~ 1 Y. Oil 05 3.75 1.00 19% -- 06 YORK CURB CLOSING ¢ Bid Asked Mountain Producers 19,00 Glenrock Oil Salt Creek Prds --.--25, Salt Creek Cons ~~ 9:25 New York Oil Mutual neeete: S. O. Indiana . «. LIVESTOCK Chicago Prices. CHICAGO, May 7.{U. 8S. Depart- ment of Agriculture.—Hogs—Re- ceipts, 21,000; fairly active, strong to Se higher; mostly 5e higher; light Weight, 5 to 10¢ up; blg packers in- active; bulk good and choice 250 to 325 pound butchers, $7.45@7.55; top, $7.60; better grades 160 to 225 pound weight, mostly $7.25@7.50; desirable 140 to 150 pound averages, largely $6.85@7.20; bulk packing sows, $6.75 @6.90; killing pigs, steady to strong; spots higher; bulk good and choice 120 to 130 pound weight, $6.00@6.50; heavyweight hogs, §$7.30@7.60; me- dium, $7.25@7.55; light, $7.00@7.55; light light, $6.00@7.35; smooth, $6.75 @7.00; rough, $6.60@6.75; $5.00 -NEW 12,000; better fat she stocks, ly to weak; spots early top matured steady; others, st lower; held higher; bulk fed steers, $8.75@ 10.75; choice heavy steers, scarce; yearling beef heifers in liberal sup- ply; few early sales, $8.00@8.75; can- ners and cutters, very slow: few Strong weight cannera, $2.75@3.00; bologna bulls, largely steady, quality considered at $4.25@4.65, according to weight; vealers, steady to 25¢ higher; bulk light and handy weight calves to packers, $8.00@9.25; few choice kind, $9.50; outsiders select- ing upward to $10.50 and above; stockers and feeders, scarce, firm. Sheep—Receipts, 18,000; fairly ac tive; early sales fat lambs, steady to strong; sheep, around 25¢ higher; very scarce; choice wooled lambs, early, $17.00; cholce clippers, $15.50 to $15.65; few spring lambs, $16.75; wooled ewes, upward to $9.2 clipped ewes, $8.25@8.50. —tne Omaha Quotations. OMAHA, Neb., May 7.—(U. 5. De- partment of Agrtculture.)—Hogs— Receipts, 17,000; 5 to 10¢ higher; mostly 6c higher; bulk 210 to 300 pound butchers, $6.90@7.05; top, $7.05; desirable 160 to 210 pound Weight, $6.65@6.90; few 130 to 160 pound averages, . $6.00@6.50; early ales packing sows, weak to 10¢ lower; late sales, generally stead bulk, $6,86@6.50; average cost Tues- day, $6.84; weight, 251, 10,500; market beef steers and yearlings Generally 10@25e lower; top steers ly, $10.90; some held higher; bulk Steers and yearlings, $7.75@10.50; she stock comparatively carce; shipping cows and heifers, steady; others, 10@16c lower; canners and steady; 26 to 50c 10@15¢ stockers: steady; bulk elfers, $5.00@ cutters, $2.35@ butcher cows and 8.00; canners and 4,00; practical veal . top, $9.00; bologna bulls, $4.26 @4.5: bulk stockers and feeders, $6.75@7.75; no warmed ups offered, Sheop— Receipts, 7,000; market slow; fat lambs, 10@15c highe: early ales clipped lambs, $14.65@ 14.90; wooled lambs, $16.85; sheep, Scarce, around steady; five clipped ewes, $6.25@6,75. Denver Prices, DENVER, Colo, May. Department of Agricultur —1,000; mostly st Choice 190 to 235 pound averages, $6.70 to $6.96; choice driveins up 00; Nght Nehts $5.26 to $6.25; sows mostly $5.75; fat pige stock kind 6,00, Cattlo—Receipts 2,400; calves 50; two thirds of run Texans on through billing; trade dull; calves sharply lower; best vealers $11.00 to $11.50; fat she stock 100 lower; good helf- ers $7.70; plain cows $! canners mostly $2.26; few bulls mostly $3.50 to $4.00; late yenterday; choice heavy foeders at $10.50. Sheep—Recetpts 700; fat lambs 16 to 260 higher; top $15.00 for sev- eral loads including 35 pound aver- ages; two loads 90 pound good lambs $14.00, serie me Flax DULUTH, Minn, May 7 flax May $2.49; July $240%;- ember $2.24, (3 WIPED OUT Close Irregular With Heavy Or era of Sinclair ssue NEW YORK, May 7,—Later reac- tions today virtually cancelled an early rise in stock prices. , Through- out most of the day there was a good demand for a variety of indug trials and raflroad ares which scored average advances of & point or: more, Heaviness developed in the oll shares, an attack on them In the final hour unsettling the rest of the list. Sales approximated 600,000 shares, NEW YORK, May 1.—Narrow price changes marked the opening vf today’s stock market, although a generally’ firmer tendency was in evidence, Moderate gains were re- corded by Baldwin, Studebaker and a number of rail, copper and tobacco shares. Some of the oils, including Standard of New Jersey and Cali- fornia and Marland yielded fraction: ally to selling pressure, Continued accumulation of copper shares, carrying American Smelting and Kennecott into new high ground for the year, coupled with a widen- ing inquiry for tobacco issues and several seasoned dividend paying rails, including Lackawanna, Nor- folk and Western and Atlantic Coast Line, imparted considerable firmness the early Recognized leaders also were up briskly. American 1% points and General while gains of a point or more were registered by American Smelting, Air Refuction, Tobacco Products “A,” and Central Leather preferred. Oils, which were weak at the open- ing, developed some recuperative power. Foreign exchanges opened steaty. Although Initial buoyancy fn in- dustrials later gave Way to an ir- regular trend, steadiness in specula- tive favorites encouraged operations for the rise in various sections of the list. Brooklyn Union Gas moved up 1% to a new high for the year at 63%. Alr Reductlon and Otis Elevator gained more than two points. Coppers continued to give @ g00d demonstration of group strength and Western Pacific, Northwestern, Canadian Paciffe and Louisville and Nashville led an advance in the railroad list. Fisher Body lost 3 point Kelsey dropped 3 points to a 1924 low at 76. Call money opened at 3% per cent. Selling orders were distributed in Congoleum and Colorado Fuel,, the latter breaking two points but oth- er stocks forged upwards, particul- arly the olls and railroads. Some of the non-dividend paying ratlroads were more active, especially New Haven, Wabash preferred A, Sea board Airline preferred and Rock Island. International Harvester was up 2% and American Can, Woolworth. and Northwestern were included in the shares which showed advances of two points or better. The closing was irregular. The market's trend was reversed in the final dealings, when large blocks o! Sinclair were sold, forcing that stock down to 18%, the lowest of the year. Cosden, Marland and Davison also were heavy. SUGAR NEW YORK, May 1.--Prices of refined sugar were reduced from 10 to 20 points with the list rang: ing from 7.40 to 7.60 for fine granu- lated. Refined futures were nominal. Sugar futures closed barely steady; 4.12; July $4.22; September $4.27; De- approximate sales 45,000 tone. cember $3.97. POTATOES CHICAGO, May 1.—Potatoes, trading fair; market steady; receipts, 49 cars; total U. 8. shipments, 454 Wisconsin sacked round whites $1.10@1.25; bulk, $1,10@1.30; Minne. sota and North Dakota sacked Red River Ohios, $1.00@1.85, according to quality and condition; new stock, Florida barreled Spalding Rose, No. 1, $8.00@8.25; Teran sacked Bliss Triumphs, $5.00@5.40. May Foreign Exchange NEW YORK, May 7.—Foreign ex- changes, easy, Quotations in cents: Great Britain, demand 438 3-16; cables, 438 60 day bdilis on France, demand Italy, demand Belgium, de- 6.23%. Ger- trillion, .23%. Norway, 18.090; i; Denmark, 17.00; 17.80; Bpain, 13,84; Greece, 2.15; Poland, .000012; Czecho Slovakia, 2.03%; Jugo Slavia, 1.24%; Austria. .0014%; Rumania, .51\%; Argentina, 33.25; Brazil, 11.40; Tokio, 40%; Montreal, 98.11.32. METALS _ NEW YORK, May 1. —Copper aulet; electroytic spot and nearby 13%; futures 13% @134 Tin weak; spot and futures $46.12. Iron easier; number $21.60@$22.00; number $20.50@$21.60; number 6; 6.48. ; 4.49%, mand 5.22%; cables, many, demand per Holland, 37 Sweden, noarby $47.00 northern northern 1 2 southern $22.00@ $22.60. Loud steady; apot $7.25q@$7.50. Zine quiet; east St, Louis spot and nearby $680. Antimony spot $8.87, PAGE NINE. Livestock :: All Markets STOCK ADVANGE (GRAIN DEGLINE (INDIANA VOTE {HIRAM JOHNSON ISLEDBY CORN Depression Extends to Wheat Trading With Close Unsettled CHICAGO, May 7.—Corn suffered @ sharp setback in price today as @ sult of slow demand for grinding. It -was announced that one Corn Products plant would shut down to- morrow and that another was con- templating similar action. The break in the corn market weakened wheat also. Corn closed heavy, 1% to 2@2%o net lower; July 77% to 77%c. CHICAGO, May 7.—In sympathy with higher quotations at Liverpool, the wheat market here scored some- thing of an advance today during the early dealings. Reports, how- ever, that the Argentine strike had been virtually settled acted as a check on the upward tendency of. values. Besides, demand here lacked The opening, whish varied ¢ off to %c gain, with May 6 und July $1.07 to $1.07%, was followed by a slight sag and then by small new upturns. Subsequently, the wheat market felt the influence of the depression of corn. There was also belief that a reaction was due owing to three days’ advance. ‘Wheat closed un- settled, %c to %c net lower, May $1.04% to, $1.04, and July $1.06% to $1.06 Oats and corn' were relatively easy. Buying was of only a scat- tered sort. After opening un- changed to %@c higher, July 18% ‘0 78% @ Sec, the corn market under- Went a little setback. Later, there was persistent com- mission house selling and with lack of support evident the corn market gave way rapidly at the last, with May delivery showing the most weakness and closing at 75% to 764c, the bottom figures of the day. Oats started unchanged to \c up, July 44%40, and later held near to yesterday's finish, Provisions were firm in Ine with hog values. Open High Low Clos: WHEAT— f May’ -... 1.04% 1.05 1.04% July 1.07 1.07% 1.06% Sept. 1.07% 1.07% 1.07% CORN— May July Sept, ~ OATS— May °-... July .. 444; Sept. -. 40% LARD— + July --..10.80 10.85 Sept. RIBS— July <. Sept. . 1.04% 1.064 1.07% 7 18% 78% ATM 17% TEM ATM 44% A0% = 78 78% -78% 47% 44% 40% AO% 4 40% 10.80 11.05 10.82 11.05 10.02 10.15 10.15 10.52 10.82 Cash Grains and Provision: CHICAGO, May 7.—Wheat— 'O- hard, $1.0 Corn—No, mixed, 7810; No. yellow, 79@79%c. Oats. . 2 white, 49@b00. white, 48@49c. Rye—No. Barle: 10@82c. Timothy seed—$5.00@7.50, Clover seed—$13.50@21.00, Lard—$10.60. Ribi 12, 654% @66%c. 10,12, Bellies—$10.37, ~—— NOTICE BY PUBLICATION NOTICE OF INTENTION TO IN. CORPORATE AN __ INSUR- ANCE COMPANY. NOTICE IS HEREBY GIVEN that heretofore, to-wit, 26th day of April, A, A. Barton, T. J. Diamond, Smith, Hi L, Barton, Beal associated themselves to- gether for the purpose of forming and incorporating a life insurance company under the laws of the State of Wyoming. The name assunted | by said company ee which it shall be known is YELLOWSTONE NA- TIONAL LIFE INSURANCE COMPANY. The objects and purposes for which said company is formed are as follow ‘o make insurance contracts and policies upon the life and h or either of persons id every insurance appertainin, hereto or connected therewit ard to grant, purchase and dispose of annuities; to buy and sell or otherwise acquire and dispose of real, personal, or mixed property under such conditions ‘and. limita- tions as are prescribed by the laws of the State of Wyoming pertain- ing to insurance companies; to do and to perform all other acts nec- essary and incidental to the per- formance of the main purpose for which said company is f The capital stock of any shall be One Hundred Fifty ousand Dollars ($150,000.00), divided into fifteen hundred shares of the par value of One Hundred Dollars ($100.00) per share and which 5: tock when issued shall be fully paid and noi sable, The numbef of the directors of said corporation shall be seven, all of whom shall be stockholders. The principal office and place of business of said company shall be located in the City of sper, County of Natrona, and State of | Wyoming. Given under our hands at Cas- per, Wyoming, this 7th day of| Mt y, A. D. 1924. ©. A. BARTON T. J. DIAMOND Pp. H. SMITH HARRY L, BARTON J, E. BEAL. | Publish May 7, 14, 21 and 28th,! ; 1924, (Continuod From Page One) nomination, and in doing so appar- ently had gained a majority vote, making his selection binding on the state convention that meets late this month. Jackson's closest dppo- nent, Mayor Lew Shank of Indian- apolis, avowed opponent of the klan, was. many thousand votes behind. Returns from 1,562 of the state's 8,409 precincts gave Jackson, 79.648; Shanks, 31,689; E. C. Toner, Ander- son publisher, 26,083; Ora C. Davis, Terre Hauto mayor, 3,558; Edgar D. Bush, former lieutenant governor, 10,018, and Elias Dulberger of In- dianapolis, 1,377. In the Democratic contests, inter- est also centered in the nominatee for governor, and while Dr. Carleton B. McCulloch of Indianapolis, who headed the’ state ticket in tho last election, led in the eight-man con- test. it was soon apparent that he would fail of a majority vote, leav- ing the nominations to the state convention to be held later this month. McCulloch piled up a com- fortable plurality, gaining steadily out-state. His closest opponent was Mayor George R, Durgan of LaFay- ette, an ant!-Klan candidate. No votes were cast by the Democrats on a presidential preference. MARTIN'S. FATE: ILL UNKNOWN (Continued from Page One) yesterday but unfavorable weather apparently delayed the three. + NO TRACE OF PLANE FOUND CORDOVA, Alaska, May, 7.—(By The Associated Press}—Atrmy lieu- tenants piloting the three world filght -airplanes and pressing for- ward without awaiting Frederick L. Martin, the commander missing since last Wednesday will leave Atka Island today on a 350 mile jump to Attu Island if favorable weather conditions prevail. Word of the intended hop off was.contained in a wireless message recotved here from the United States Coast Guard Cutter Algonquin, whtwh is at Chig- nik in the Aleutian Islands. Depar- ture of the p'anes was postponed yesterday.because of bad weather. ON BOARD UNITED STATES COAST GUARD CUTTER HAIDA, AT ATKA ISLAND, ALASKA May 7.—{By Wireless to The Asso- ciated Press)—Exploration of. the northern coast of the Aleutian is- lands in the Bristo1 Bay region of the Bering sea, between Port Mol- ler and Port Heldan, a distance of 100 miles and at three fourths to one and one half miles from shore has been made by a steamship of the Pacific?American Fisheries for a possible trace of Major Frederick L. Martin, missing -alr squadron commander, hut ‘without avail, ac- cording to @ report from Captain Johannes, tho Vessel's master, Captain Johannes reported that he sighted some natives who were going farther north along the rug ed coast in the search. Belief that Major Martin and Staff Sergeant Alva L. Harvey, his companion, will yet be found pre vails among tho people of the Aleu- tians. WASHINGTON, May 1.—The commanding officer of the patrol force at Dutch Harbor, Alaska, re. ported to the war department to- day in a djspatch dated May 4, that the Bering Sea coast had beerr searched by natives with dog teams between Port Moller and Port Hel- den for Major F. L. Martin, missing world flight commander, without re sults, Natives also were sent north of Helden, he said, but found no trace of the missing plane eetien ; COTTON NEW YORK, May 7.—Spot ton steady; middling $30.40. se ni real cot: Flour MINNEAPOLIS, Minn., Flour unchanged to 1¢ family patents $6.45@86 May 7. higher; lb DEFEATED (Continued From Page One) county, Where he was born. The Coolidge strength lay chiefly in Loa Angeles, but many other southern California counties gave his strong support. One of the surprises was the vote of Alameda county of which Oakland is the seat. This county, formerly a Johnson strdnghold gave, Coolidge a majority. a, Observers were contrasting this year’s vote with that of the presi- dential primary four years ago. In 1920 Johnson's vote was’ 371,030 against 209,643 for Herbert Hoover, national secretary of commeroos. JAP EXCLUSION COMPROMISED (Continued from Page, One) Coolldge suggested to the conferees, and he manifestly was disappointed at the agreement of the conference committee on July 1 ofthis year, which wus the date carried in the bill as it passed the house. Under the sonate bill, the provision would have become effective immediately. A considerable group of Repub- lcan house leaders may follow tho president's lead In opposing thé con- ference report, but in the senate tho situation is more doubtful. Senator Lodge of Massachusetts, chairman of the foreign relations committee and the party floor leader, was ono of those who most vigorously cham- ploned immediate application of the barrier against Japanese while the measure was under debate in tho senate, and he was joined by an almost unanimous Republican fol- lowing. 4 As @ result of the discussion of house leaders with the president this morning at tho White House, it was indicated that a determined fight was being organized in the house against the recommendation of the conferees. It was. understood & move would be made to postpone the effective date for nine months at least. The conference report will come before the morrow. The president today called into conference Chairman Johnson of the house immigration committes and Senator Reed, Republican, Pennsyl« vania, in charge of tho immigra- tion bill in the senate, in a final ef- fort to obtain postponement of the effective date of the exclusion pro- vision. Secretary Hughes also was con- sulted by the president In connec: tion with the bill, but it, was not re- vealed whether any new effective date had been suggested as a’ com- promise. Meantime, conferees on the bill went back into session after Senator Reed of Pennsylvania, and Repro sentative Johnson of Washington, n charge of the measure in the sen- ato. and house, respectively, had been summoned to the White House. The. conferees would not com. ment on reports that a. tentative un- Jerstanding already had been reach- ed to make the exclusion provision ffective March }, 1925, nor would they say that the exclusion ton was being reconsidered, probably house to- quos- TOKIO, May 7.—(By the Assoct- ated Press)—-What is described as & special depurtment of the Japn- nese foreign office to handle the American immigration situation has been created with Kijuro Shidehara, former ambassador to Washington in charge and aasisted by Sadao burl, formerly attached to the Jap- nnese embassy at Washington os counsellor, ——-—_____ Casper Monument Works 508 South Conwell Woods ing and g East Yell For results wified Ad. try a Tribune Clas- DOBBIN REALTY CO. Have Lots in All Parts of the City On Easy Terms, Suite 11 Zutter: © Bldg. East 2nd $ Men Only! 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