Casper Daily Tribune Newspaper, May 23, 1924, Page 7

FRIDAY, MAY 23, 1924 i Finance PIPELINE RUNS SHOW Salt ve Output Takes ae of Ove ~ 1,200 Barrels Daily for Last Week; Little Change in Other Districts. According to the Inland Oj! Index, ” line runs from the various fields the Rocky Mountain region for the week ended May 17, showed an of 1235 barrels when com- 2340 barrels in the ee ‘ing average daily production in oc] Mountain districts for the week ended May 17 was 130,245 barrels, as Butter and Eggs CHICAGO, May 28.— Butter, lower; creamery extras, 87c; stand- ards, 87c; extra firsts, 86@36%c; firsts, 34% @35%c; seconds, 30@ 33%c. Eggs, unchanged; receipts, 27,186 cases. compared with 129,010 barrels for the preceding week. Comparative daily runs from each field for the weeks ended May 10 and May 17 follow: May 10 May 17 -- 92,160 94,500 Elk Basin -~--.....-- Greybull, etc. --------~ Mule Creek --------—— Rock River --.------- Lance Creek ----...-- Poison Spider ---..-. Osage --. 3 Hamilton Dome -—--- Pilot Butte ------. Lost Soldier ~---..---- Ferris -. Cat Creek Kevin-Sunburst ----__ Miscellaneous Totals -... Everyman’s Investment By GEORGE T. HUGHES. Shc Ade ble 1924, by Consolidated Press Association.) A Sharp Distinction. It 1s remarkable how few other- wise intelligent people do not under- stand the difference between stocks and bonds. I am often asked whether this or that stock is a good investment, the inquirer adding that he wants first of all safety of prin- cipal. Now strictly speaking there is no such thing as safety of prin- cipal in a stock. The only way a stockholder can obtain the return of his money is by sale of the stock in the open market and then he has to take the market price whatever that may be, Sometimes it is higher than the price he originally paid and sometimes it is lower. In either case he has no recourse. There are some stocks mostly high grade pre- ferred issues whica are so stable in market price and in earning power veven under adverse conditions in in- dustry that they may be fairly termed investments. Such stocks command a market price which varies only with the current charge for money but these are the excep- tions and even here the only way to obtain a return of the principal is to sell the stock. Now it is quite different with a bond. A bond has a definite maturity date. When that date arrives the bond must be paid if the corporation is solvent. <A bondholder is a- creditor; a stock- holder is a partner. The bond- holder lends his money at an agreed upon rate of interest for a definite length of time. The stockholder takes all the risks of business mis- haps in return for a share in busi- ness successes. There is no com- parison between the status of the two. This does not mean that all bonds are good investments and that all stocks are speculations. Partnership in one enterprise may be safer than the loan of money to another, Each case must be judged on its merits always, however bear- ing in mind the sharp distinction between stocks and bonds, Commodity Trade News Automobiles Cleveland—Under the plans for ex- pansion of the White Automobile and sewing machine plants, the latter will build a new four-story factory allowing an increase of 82 per cent in output, while the present plant will be used by the White Truck company for a service and repair department. PHILADELPHIA — Receipts of automobiles here have been so heavy that the Pennsylvania has been com- Ppelled to construct a new unloading platform of two-track width and 430 feet lpng at which 20 cars can be unloaded at a time. Poultry CHICAGO—Stores of frozen poul- try are lower now than at almost any time during the past five years. A total of 52,094,000 pounds was in cold storage at the opening of the week. Shoes SEATTLE—Merchants here were greatly disappointed ever the failure of women's “white shoe” week to bring the buying response expected. Men's shoes are distinctly dull. Textiles SEATTLE—A maker of flannel for men's shoes has orders enough trom the East to insure maximum produe- tion for 1924. Wool SEATTLE—Unexpected softening of wool prices has led to more talk of storing in Washington, Oregon and Idaho. Fine clips in Idaho are Jown to 36c with buyers reluctant to purchase, even at those figures. The same grades last year brought 42c. Eastern Washington wools have dropped from 36 to 32c in the last ten days. Lumber NEW ORLEANS—The mills of the Southern Pine Association for the last week have shown an increase of 15.8 per cent in orders booked while shipments have gained 7.4 and pro- duction 3 percent. About 77,000,000 feet were ordered, and 76,000,000 pro- duced and 79,000,000 shipped. ou ST. PAUL—Independent oil dealers have announced their intention of re- ducing the price of gasoline 2c here to 18.9¢ a gallon. Fruit. HONOLULU— Canned pineapple operators in Hawaii report that 85 per cent of the 1924 pack has already been booked in advance. The crop is expected to be about equal to that of last year. Steel SAN FRANCISCO—Steel tonnage reported from San Francisco to the Orient this month is running about 20 per cent higher than in May, 19 Structural steel concerns here say de- mand is about equal to that of last May. Oil; OMAHA—Gasoline stations operat- ed by large refiners here cut their prices 3% cents to 17c a gallon today. The city-operated station and that operated by the Fifteen Cent Gano- line League, which have been selling gasoline at 17 cents, put their price down to 15 cents, Market Gossip and Briefs On Operations in Oil Fields Guernsey Rig Compicted Following the completion of the derrick which will be used for test well No. 2 on the Guernsey struc ture, the crew is now busy rigging up, Drilling is expected to start about June 1, Rawhido Well Resumed After cleaning out cavings, drilling has been resumed on the Rawhido structuro noar Lingle, Wyo. At present tho drill is going through the Pierre shale, Black Mountain Drilling. Well No. 2 being drilled by the Utah Oil Refining company on tho NW of section 36-49-91, Black Mountain structure, Hot Springs county, ts down 392 feet. Texas Company Report. Some trouble with a crooked hole in being experienced by the Texas Production company in its test of Dutton anticline. After getting Gown 1,493 feet it wes necessary to Mil back to 1,225 fect with rock and coment, ee -“t Salt Creek the Texas Is clean: ing out its wells and putting them on the pump so that production will be held up to a steady level., Clean- ing out fs also In progross in the company’s Big Muddy wells. Underreaming Near Sand. The Utah Oil Refining company is underreaming its string of 6%-inch casing in well No, %A, section 2-26-90, Lost Soldier field, Total depth of hole !s now 1,975 feet. The pay sand is expected shortly. Ser ee: | ' MONEY NEW YORK, May 23.—Call money steady; high 3; low 3; ruling rate 3; closing bid 3; offered at 3%; Inst Joan 2; call loans against acceptances 2%. Time loans steady; mixed col- lateral, 60-90 days 4; 4-6 months 4@ 4%; prime commercial paper 4K%@ 4% Bonds New York Stocks Last Sale NEWS AND QUOTATIONS BY LEASED V Allied Chemical & Dye -----. 72% American Can --_-.~---.---- 102% American Car and Foundry - 157B American International Corp 207% American Locomotive --.,--- 72% ‘American Smelting & Refg. - 61% American 42% American 125% American 140% 66% 29% 103 14% 107% 53% 48% 23% Atl, Gulf and Weat. Indies | = ‘Baldwin Locomotive ----.... Baltimore and Ohio ----. Beth!tehem Steel -------~.... California Petroleum —-—... Canadian Pacific Central Leather Chandler Motors -.-..-... Chesapeake and Ohio --...._ Chicago and Northwestern —__ Chicago, Mil., & St. Paul pfa Chicago, R. I. and Pac, Chile Copper Chino Copper Consolidated Gas Corn Products --.. Cosden Ol! Crucible Steel a Cuba Cane Sugar pfd. Erie Players Lasky Asphalt General Electric General Motors ~ Great Northern pfd. Gulf States Steel Illinois Centrat __ Inspiration Copper —_--._. International Harvester Int. Mer, Marine pfd. -. International Paper — Invincible Oil - Kelly Springfield Tire Kennecott Copper - Lima Locomotive Louisville and Nashville Mack Truck Marland Oj! Maxwell Motors — Middle States Oil Missouri K: ahd Tex. new Missouri Pacific pfd. New York Central ~ N. ¥., N. H. an¢ Hartford — Norfolk and Western — Northern Pacific Pacific Olt Pan American Petroleum Penunsylvania People’s Gas Producers and Refiners Pure Oil Reading ~ Republic Iron ahd Steel Sears Roebuck Sinclair,Con Oil. Southern Pacific — Southern Raflway —.._. Standafd Oil of N. J. Texas and Pacific ... Tobacco Products A Transcontinental Of) Union Pacific ~. U. United States Rubber — United States Steel — Utah Copper -. Wemtinghouse Electric Willys Overland American Zinc, Lead and Sm Butte and Superior ~ ~~ 148 Colorado Fuel and Iron 40 Montana Power National Lead _ Shattuck Arizona 129 4% Ang'o Buckeye Continental Cumberland Galena Tiinois Indiana Nat, Tran, ~ . ¥. Tran Nor. Pipe Ohio Oil .. Prairle Oil Prairie Pipe Solar Ref, 91 77 90 61% 221 103% 193 96 40% 108 242 39 294 62 57% CRUDE MARKET Cat Creek Lance Creek Osago Grass Creek light -. Grass Creek, Greybull Torehblight \ - Bik Basm -... Rock Creek .... Salt Creek ..n---c-e--ee. Big Muddy ~-~---0.----------- Mule Creek ...... Sunburst Hamilton Dome -~----.--..-. Perris BYPon -222----.2-en were en en eee Notches -........-. Pilot Butte . Lander COTTON NEW YORK, May 23.—Spot cot- ton steady; middling 82.35. = sors Fiat sib Flour. MINNEAPOLIS, Minn., May 23, —Flour, unchanged to 10c lower; family patents, $6.45@6.80; bran, $17.00 @ 18,00. onan nee wee = 91.95, eecwenewene wenn 1,90 menwnne 1.90 mnwwnne 1.95 heavy --.-..... .90 DULUTH, Minn., May 23.—Close: Flax—May, $2-44; July, $2.38%4; September, $2.18%4; October, $2.11%4. Che Casper Dailp Cribune Stocks OIL‘SECURITIES Bessemer Big Indian Boston ‘Wyoming -2-- se 26 04 85 12 25 28 1s 10 Chappell Columbine Central 1.90 Central Pipe 2.00 Consolidated Royalty . 1.25 Cow Gulch ~. - 03 Domino -. 08 Etkhorn wocane: 04 E. T. Williams --.. 40 Fargo - 06 Frantz — 00 Gates 09% Jupiter - 00% Kinney Coastal -. 10 Lance Creek Royalty. .00% WM sine . -. Mike Henry New York Oil -. Picardy Red Bank Royalty & Producers — Sunset Tom Bell Royalty -. Western Exploration — Western States Wyo-Kans — Yi; Ol 05% 04 03 3.60 16 80 05 3.80 1 00 +06 NEW YORK CURB Mountain Producers — Glenrock Of] -. Salt Creek Pras. Salt Creek Cons, New York Oil Prod. and Refrs. Cosden Mutual S. O. Indiana VESTOCK Chicago Prices. CHICAGO, May 23.—(U. 8. De- partment of A Receipts, 35,001 weighty butchers, steady to weak; others, weak to 10c low receipts plentiful maximum decline on light lights; big packers fnactive; bulk g00d und choice 250 to butchers, $7.45@7.60; top, $7.60; de sirablo 170 to 225 pound averages, $7:20@7.45; bulk better grades 140 to 150 pound Weight, $6.70@7.15; packing sows, largely $6.70@6.90; killing pigs, steady to 15¢ lower; bulk good and choice strong weight, welght hogs, $7.40 medium, $7.30@7.55; light, $7.00@7.35: light lights, $5.90@7.25; packing sows, smooth, $6.80@6.95; rough, $6.65 @6.80; CLOSING 19.12 19. 30 40 25.50 25.75 8.75 9.00 11.50 12.50 25.75 26.00 29.62 29.75 10.35 10.50 57.50 57.65 Cattle—Receipts, 6,000; most kill- ing classes dull, uneven, weak te 25c lower; yearlings and plain lat td steers numerous, outlet semi-demoralized; Killing qual- ity, generally plain; few fed steers here of value to exceed $10.00; best weighty steers and yearlings, $10.50; bulic fed steers and yearlings, $8.00 @9.50; plain light yearling steers downward to $7.00 and below; year- Mag helfers numerous; in-between des fat cows, unevenly lower; nners, cutters and good to choice heavy cows, about steady; bulk bologna bulls, $4.75@5.00; few heavy bulle, $ 1d better: 25 to 50c low practical top to packers, $10.00@10.50; stock- ers and feeders, scarce, about steady. Sheep—Receipts, 6,000; tive; fat lambs, steady to weak; springers, 25 to 50c lower; fat sheep, weak to 50c lower; heavy kind show- ing most decline; good to choice cHpped lambs, $14.75; culls and common offerings, mostly $11.50@ 12.6: spring lambs, $16.00@16.50; cheice handy weight fat ewes, $7.50: weighty ind, mostly downward from $5.50. fairly ac- Omaha Quotations. OMAHA, Neb., Department —Receipts, 10,500; steady to lower; bulls 210 to 300 pound butch ers, $7.00@7.15 $7.15; desirable 160 to 210 pound weights, $6.75@ 7,00; plainer grades of lights on down to $¢ packing sows, strong; bulk, $6.40@6.50; average cost Thursday, $6.97; weight, 248. Cattle—Recelpts, 1,050; beef steers and yearlings, moderately active, steady; bulk, $7.75@9.50; top steers, $10. she stock, uneven, steady to 15¢ lower; large propor- tion stale offerings; vealers, 25@50c lower; canners and cutters and bulls, Steady; packers and feeders, nom! nally steady; bulk butcher cows and heifers, $5.00@7.85; canners and cut ters, $2.50@4.00; vealers to packers, $9.50010.00; few $10.25; bologna heavy beef bulls, loads = southern 76.00, —Receipts, 2,000; direct; market few native spring 0d ewes, $6.25@6.50. top, receipts nominal lamb $16.00 Denver Prices. DENVER, Colo., May 23.—(U. S. partment of Agriculture.)—Hogs —Receipts, 400; active; mostly to city butchers; sales generally steady with Thursday's opening, or 16¢ higher than Thursday's late sales; bulk desirable 180 to 220 pound averages, $6.90 to $7.10; top, $7.15; plainer grades downward to $6. few 180 to 140 pound averages, to $6.00; packing sows, $5.75 to atendy, Cattle. steady; cows, Receipts, fow steers 100; calves, none; $5.2 Bto $ ecann 5. $2.26 to $2.50; bulls, $4.10 to $4.25; com mon to fairly good vealers, $6.00 to $10.50, Sheep—Recetpts, none; nothing on sale late Thursday; five pound clipped lambs, $13.65, paid, freight — WANTED—Clean Cotton Rags at The Tribune Office, Grain BEARS FORCED TOSEEK COVER Attacks on Market In Early Afternoon Are Short Lived: NEW YORK, May 23. — Stock PAGE SEVEN Livestock :: All Markets WHEAT RALLIES ONGHOP NEWS Reports of Freezing Tem- perature In Northwest Are Bullish CHICAGO, May 23.—Wheat scored a New York Bonds FOREIGN. Czechoslovak Rep., 8¢ Ctfs. Dominion of Canada, 5 9 TMs -. Japanese 4s .... Kingdom of Belgium, 8% Wingdom of Norway, 6s -. Rep. of Chilo, 88, 1946 .. French Republic, prices drifted within narrow limits|a fresh advance in price today as|State of Queansiand, 65 in today’s quiet trading. Short trad- ers succeeded in bringing about minor reactions fm stee!s, coppers and sugars but the general list steadied on the appearance of a good investment demnd for high grade rails and public utilities sales pproximated 550,000 sharea, NEW YORK, May 23. —Stock Prices showed little change at the opening of today’s stock market. United States Steei common, Bald- win and American Can opened frac- tlonally lower and “Big Four" lost a point of yesterday's three point gain. American Water Works im- proved fractionally and established a new high for the year. Coppers Were reactionary but the rails again held firm. The market developed considerable irregularity in the later trading but price movements were very narrow. Active industrials were inclined td ease, although the pan-American is sues, miner equipments and public utilities displayed moderate strength. American Teleplione sold at $1.25% making up the drop of 2% points that followed the recent announce- ment of a $150,000,000 stock offering. American Water Works six per cent preferred advanced one point to 74, duplicating its previous 1924 hig! New York Dock advanced a point and Willys-Overland preferred jump- ed 2% and then fell back 1%. For- elgn exchanges opened reactionary, demand sterling slipping more than a cent to $4.33% Prices of standard industrials drifted rather aimlessly with re- actionary tendencies developing in the steel shares on the federal trade commission's recommendation of the abolition of the “Pittsburgh-plus' price plan and in the sugar shares on lower raw prices. American Svgar Refining, Cuba Cane pre- ferred, Punta Alegre Sugar, Gulf States Steel and Great Northwest Ore dropped a point or so., Other heavy spots included Chandler, 3 Truck and .DuPont, all off about a point. Raflroad shares stiffened when Norfolk and West- ern was pushed up 4% points to 124 4-8, on reports of the progress made on plans for the lease of that road to tho Pennsylvania. Strength @ result of below freezing tempera- tures in Canada together with per- sistent export buying at Winnipeg. The close was unsettled, %c to %c net higher, July $1. 207% to $1.08 and September $1.08% to $1.09. CHICAGO, May 23. — Moisture which appeared sufficient to give re- lief from immediate anxiety over the drought situation in the west and southwest had a bearish on wheat prices today during the early deal Ings. The crop oytlook, however, remained questionable enough to in- duce considerable buying on declines. Little else than weather conditions attracted nptice, The opening, which ranged from % to %sc lower with July $1.07% to $1.07% and September $1,08% was followed by a moderate further set- back. Later a sharp rally: took place owing to bullish news from Winni peg and talk of export business at St. Lous. In corn as well as in wheat better weather tended to ease the market down. After opening at %@c lo er to %c advance, July 0.77 to 0, corn prices hardened a’ trifle, but then drains all around to well below yesterda Oats held fairly steady, st rting a shade to %c off July 44%e and later keeping near to the initia! ranges. Subsequently, the corn market rallied when wheat took an upward swing. Corn closed unsettled at %e net lower to a shade advance, July Provisions were a little weaker in line with the hog market. Open High Low Close Wheat— May July Sept. Corn— May July Sept. Oats— May July Sept. Lard— July Sept. Ribs— 1.05 1.07% 1.08% T3%% 77 5% 1.06 1.045% 1.05% 1.08% 1.08 1.08% 1.09% 1.07% 1.08% 17% 16% 75% 13% 11% 76% 18% 17 16% AT Ady ATM 44% AB% Ai 39% 46% 44 of this issue and a brisk demand for } July & number of specialties imparted a steady tone to prices around noon. Congoleum advanced 2% points; New York Dock 2 and Consolidated Gas, American Telephone, Inter- national Papers and a few others moved up a.point or more. Call money opened at 3 per cent. The bears tested the absorptive capacity of the market after midday when United States Steel, Baldwin, American Can, United States Alco- hol, General Electric and Chesa- peake and Ohlo were forced down, but as little stock came out, they covered hurriedly when a brisk in- quiry arose for New York Ceneral. That stock advanced to 102% and there was also a wider demand for various public utilities which have recently shown independent strength. The closing was frreguiar. Some of the minor oils turned reactionary in the late trading but Delaware and Hudson, Loose-Wiles and Pull- man were marked up one to three points. POTATOES CHICAGO, May 23.—Potatoes trad- ing moderate, market steady, Re- celpts 74 cars; total United States shipments 618; “Wisconsin sacked round whites $1.20@ $1.35; bulk Micht gan and Wisconsin round whites $1.40@$1.50. New stock: Alabama and Louisiana sacked bliss triumphs $3.00@$3 “lorida barreled Spald ing roso $7.50@$7.75. SUGAR NEW YORK, May 23.—Refined sugars, unsettled by the decline in spots with prices unchanged to 10 points lower, the List ranging from to $7.50 for fine granulated. Demand was light. Refined futures were nominal. Sugar futures closed barely steady; approximate sales 133,000 tons, July $3.61; September §3.71; December $3.4 41; March fe) adel 20, ~ METALS 3] NEW YORK, May 23.—Copper quiet; electrolytic spot and nearby 12% @12%; futures 12%. Tin easy: spot and nearby 4,000 futures $39.87, Iron steady and unchanged. Lead weak; spot $7.00. Zinc quiet; East St. Louts spot and nearby $5.65 Antimony spot $8.60. LIBERTY BONDS NEW bonds ol 3%e - Second 4's .. First 44m . Second 4%s5 Third 4 Fourth 44a . YORK, May 23.— Liberty 99.29 100.90 100.18 100.18 101.20 100.30 102.15 Sept. Bellics— July Sept. -10.10 10,12 -10-40 10.40 NEW YORK, May 23.—Foreign ex- changes steady. Quotations in centse Great Britain 434 3-16; cables 434 7-16; 60-day bills on banks 431 16, France demand 5.37%; cable 5.38%, Italy demand 4.41%; cables Belgium demand 4.61; cables Germany 4 per trillion Holland 37 nm 26.51, Denn land 17.68%. Spain 13.73. Greece . Poland .000012. Czecho Slovakia ; Jugo Slavia &; Austria .0014 . Rumania 47%. Argentina 3 azil 10.70; Tokio 40%; 7-16, KITE TOURNEY QUE SATURDAY (Continugd from Page One.) close of the tournament, except the sweepstake banner, which goos to tle school winning the most prize points. . -Kites must be made by ants. 16.84 contest Events. Best photo exhibited taken*from a kite line, Most artistic kite. Most realistic figure, sect or similar kite. Smallest kite to fly. Largest kite to fly. Best stunt performing kite. Highest kite to fly single. Best performing kite line reel Most original kite stunt, Sighth-mile Cash—kite let out to end of a 660-foot line and reeled in against time. No reela permitted, animal, in U. ik. of G, B. & L, 5%8, 37 Rail American Smelting 6s -. American Sugar, §g_-. American Tel. Col, t, B Anaconda Copper "a, "1938 -.-------.----------=-25 Anasonte. Copper 68, 1955... T. and San Fe., gen. 43 ~-----~.. Baltimore and Ohid, \ev., Ee, Bethlehem Steei con., 68, Se: Canadian Pacific deb, 4s ~-.--2--... Chicago, Burlington and Quincy ret. Chieago, Milwaukee and St. Paul cv. Chile Copper 6s Goodyear Tire 8: Great Northern, ween neene. Montana Power, §s A-.--.----- Northern Pacific ret., 61 Northwestern Bell Tel. 7s -------. Pacific Gas and Electric 58 Penn, R. R. gen., 68 Sinclair Con. Ol Bouthern Pacific cv., 48 ------ Union Pacific first 4s .-— U. 8. Rubber 6s Utah Power and Western Union 64 Westinghouse Electric ta Wilson and Co., cv., 68 . weewenadeawanse fea Aiea cee. iy yy earns Co paarne ag 1941 ~...-.--.---4.--. 107% 90 87% Wool Trading Continues Slow in Boston, Market BOSTON, Commercial morrow: “The demand for wool in the sea board markets has been decidedly slow for the most part during the past week, but as usual there have few exceptions to the gen- eral rule and further sales of terri y fine and fine medium contracts ar reported at modest Sn dye profits. Woolen mills are . ing lesa interest. than hitherto. Prices are again in favor of the buyer. “In the west, buying has been seattered ahd rather erratic. Prices paid in San Angelo, Texas, this week, are fully on a level with prices paid in Kerrville last week, but in the northwest and in the May" 2 will say —The to- Mass., Bulletin been a bright wool states, prices are in favor of the buyers, London closed very tame, with much heavier withdrawals than for a long time—34,000 bales, or abou: 20 per cent. America bought noth- ing, gland being. the chief rator. The continental operators rather badly situated at the mo- ment as regards finances. Mohair is steady with rate,” demand a The Bulletin will publish the fol- lowing wool quotations tomorrow: | Domestic Ohio and Pennsylvania> fleeces, Celaines unv half: blood combing 62@ 4 -blood combing 48@50c. Michigan and New York delaine unwashed 48@49c; unwashed 52@53c; %-blood un ed 37@38%c; \%-blogd unwashed 45 @46c. Wisconsin, Missourl and average New England %-blood 46@47c; %- blood combing 45@46c; %-blood 43 @45c; scoured basis, Texas ,fine 12 months $1.27@1.30; fine 8 months $1.12@1.15. California northern middle county $1.10@1.1 $1,05@1.08. Oregon, eastern No staple $1.28@1.30; fine and fine Mo?: rino combing $1.20@1.23; eastern clothing $1.12@1.15; valley No 1, $1.15@1.18. Territory—Montana, fine staple choice $1.30@1,32; %-blood combing $1.20@ + %-blood combing $1@. 1.02; %4-blood combing 87@90c. Pulled, delaino $1.30@4.32; $1.25@1.28; A supers $1.10@1.1 Mohair, best combing 75@80c; best carding 65@7 fleeces; $1.25@1 southern AA ROAD REPORT East Yellowstone Highway—The highway to Cheyenne good. ‘To Den either by way of Fort Collins or jey is in excellent condition. The Lincoln highway good except tch of road from Rock Springs to ( River which is still rough. Orin Junction to Lusk {s in good condition, although recent rains is in shape as Best performing parachute cut away. Quarter-mile dash—kite let out te ere cet: anc seanied,- tp jener® time. Reels permitted. Highest kite to fly tandem, Longest string of kites flown tan dem Judgon will be Scout Executive TH Roe Bartle, the Rev. R. R. Hilde. brand and Athletfc Instructor Dean Morgan. In case of rain and bad weather the tournament will be one week to next Saturday. hour of the first event will be o'clock in the afte The old fair grounds are at the end of CY aven Bo there, and be th time. postpone The on Canada's occur creased by ¢ acreage by 7 farms ha 200,000 and 000,000 —_ In bullding an aeroplane, work fine, accurate and @ in making a wate fr thetr as ia_ required sh | Wrening Masocway, 272 have made it treacherous in spots. West Yellowstone highway to Shoghon!, good. From Riverton to Shoshoni good. Riverton to Lander good with the exception of a few rough places, Highway from Lander to Du Boils is reported to be in good shape for automobile travel. The Wind River Canyon is open for auto travel every day in the week About two mile® of the project still unfinished but the road is passable although rough in ome places, The Wind River Can yon to three les north of Thermo Polis good, then seven miles of new truction to Kirby which is rough Kirby to Deaver except detour to west ut Nelber. on of bridge being out over oneberry Creek Deaver north to state rough. Abs of the bridg Badwater at Borineville makes tow- ing necessary The new bridge is expected to be In place by May 24th Free team service is furnished, High way to Thermopolis to Cody, 4 to Tensleep, good. sleep to Saw Mill, impassable. Highway—The en: Salt Crock Highway—Highway to There is atill a de. Mile Lake. Good ing project, Shert a Line, road fair o Ucross, nty Line, road ur on this road where land curred. New road constructed the slide. Good detour at present time, Sheridan to But. road fa good. Buffalo South to Natrone county Mne road fair to good with the exception of nbout 10 miles of tne southern por- tlon of Johnson county where the road is choppy, This section is under construction Buffalo to Ucrons, good. Buffalo-Tensleep, road fair for che firat 15 miles west of Buftato Open to South Fork Inn. Mainten crewer are na k all along Fr rk Inn on unt 4 ia block The Sun good Nine detour dan north to M ‘our miles west of Ucr slide c around the falo, to route. m ain the of ar “ stle to Lusk Sheridan roads via and Gillette, good of Weston county to eridan county near Moore outh in Upte m n, Arvid Alcova Highway—The road to Rawlins is in good shape for auto- mobile travel. The bridge at Bates Creek has been replaced and cars may pass in safety. The road from Rawlins to Wamsutter, good. Wam: sutter to Craig, good. Mountain Road—The road to Gan den Creek is improving every day. Work will soon commence this 1 con- travel. Cara summit of the road is not good. on y the summer q able to reach the mountains but the Remarks—The highway to Denver. is in excellent condition. C. H. Bow- man, district engineer reports that a permanent lowering of the bars at Wind River Canyon makes the new Unk between Casper and northern, Wyoming open for tourists travels: The paving on the Salt Creek Highs: way is prosressing rapidly so that another highway will soon be made a comfc ble drive for the tourist. All roads in the vieinity are mu and slippery are necessary for travel In tion nd chains ————___. NEWS BRIEFS ATLANTIC CITY, N. J, —Franklin T. Griffith, president of the Portland Electric Power com- pany, Portland, Ore, today was unanimous’ ted president of the. National F Light association. in convention here. Other officers elected included James E. David: son, Omaha, second vice presidents. May 23. WASH —Wwithr the consent ington the day filed in amended bill description ‘ON, May of the state Wash- federal government to-™ the supreme court an to rrect errors of and omissions which had made defective its original com: plaint aimed to recover lands which it claims belongs to the Yakima In- dians and were erroneously granted to the state. ences THREE SLAIN IN GUN FIGHT YMONSTON, Alta,, 7 men were mortally 23, = fourth ult of @ the 100 milos viet re May dead and a wounded as a Saddle | att St. Pau from her ports recei ‘The sls at large, It te thought that the shooting was the result of a quarrel between Indians and eit 1 lers. —— . Call the Tribune for highway ine formation, is tu