Casper Daily Tribune Newspaper, June 1, 1924, Page 20

[2 bt eos 24H ORME TER SR Oe TT a rae PAGE SIX. Be a Babson on Wyoming busl- ness, By special arrangement with Wy- oming banks, the Tribune is able to furnish to its readers each Sun- day current reports on business con- ditions in the state. ‘These reports are timely and reliable. Careful attention should be given to each notation, The experienced observer will be able to gain a great deal more information about fu tures than is actually published. Remember: 1925 1s to be Wyoming Now is the Year the nation over. time to get a lineup for the coming zgampaign. Following are this week's ro- ports: = Livestock. S&S LARAMIE, (Albany County}— SBheepmen contracting lambs for 11 to 11% cents. No definit offers for Svool. Cattle in good shape but Sales slow. KAYCEE (Johnson County)— BLivestock of all kinds in excellent condition, all turned out on range ‘which is in fine shape. Rains dur- Sing past week have been very bene- ficial, not only for ranges but for ‘grain. Quite a number of wool sales made week; prices were from BS to 39% cents = EVAN (Uinta County)—A Tew beef s sold at 7% cents. General reports show good lamb Trop. Most all wool contracted for Bround 41 cents. BA (Carbon County).—Cattle 4m excellent condition. alf crop Jood. Sheep also in fine condition fsvith excellent lamb crop. Prac icaliy all wool cleaned up at about 40 cents. DUBO Brass is. ‘are showing some past County).—The and_cattle It (Fremont owing rapidly improvement is reported that some range horses Serished during the winter. MANVILLE (Niobrara County). Cattle are in good shape. Plenty %f moisture and range good. No Bheep in this vicinity. Horses are Spoor property. Hog outlook good; Jots of brood sows held over and pig crop good. =S JACKSON (Teton County)—Cat- Zfle have come through winter in “especially good shape with very mall losses; are now going on for “est reserve in good condition. & TORRINGTON, (Goshen County). All ranges are improving at a re- markable rate since the recent rains. Btock looking fine. = ARVADA (Sheridan County).— Bavestock ts now in very good shape gfue to early grass. Considerable Sipping now being done and it is Sexpected that by July 1 all cattle Sil have been dipped. Rassmu in Cattle company has purchased ,200 head of Nebraska 2-year old Sétecrs which were shipped direct to s on Crow reservation. ‘Price not stated. Weather during May was favorable to lambing and good crops reported in general. Some lambs contracted for sale at 10% Spents. No wool sold yet. = GUERNSEY (Platte County).— “attic on range are doing well re. “port about 75 per cent calf crop. Hog raising industry continues to Sgrow; a number of ranchers report Bo to 100 spring pigs in their pens. Agriculture. LARAMIE.—Some feed (hay and alfalfa) left over. Prospects good for large crop this y Arrange: iments completed for growing and Marketing large crop head lettuce KAYCEE.—Alfalfa in fine shape Bs well as the blue stem of which there is quite.an abundance around here. Wheat and oats are coming up in fine shape. Plenty of mois. ture and crop is almost an assur- Sed fact for this year, More corn 4vill be planted than heretofore. = BAGGS.—Some alfalfa winter kill- #4. Recent rains have helped all ‘érops. DUBOIS.—Rather large acreage Zt oats in, Rain is needed to bring @ats up. Large increase in dairy tow MANVILLE.—Some hay left over. Late planting season, Oats in, run Rbout 85 per cent last year’s acre Bee. Potatoes in, run about 90 per cent last year's acreage Market Gossip | Marine Oil Operations Operations of the Marine Oil com- any to Salt Creek field are shown @s follows = Section 6-39 Wolverine CR3. Drilling at depth of 570 feet From 445 feet to 570 feet blue shale. = Section 9-39-78—Wolverine DS3S— Bwabbing, bailing and tearing out Galt wheel. Wolverine DS2—Pump. ine. Section Taylor 2 and 4 Pumping Drilling at Gepth of t. From 1 to $.690 fect sand. Hole filling up with oil. ‘Taylor 6—Running 8%-Inch casing. Casing landed at 2,475 feet Taylor 7—Drilling at depth of 4 From 340 to 455 shale = Section 18:40-78—Wyokans 1 Flowing. Wyokaris 2 and 3—Clean dng out. Wyokens 4—Rigging up. Hiding rig 2-40-79—All wells on xe dion Wyokans, pumping CHEYENNE, Wyo., May Liabilities of $166,868.52 and asset @f $5425 are listed by David 1 Darr of sin, in a petition in ban} fuptey filed in United States court a Other bankrupte ings fol low: Ralph G, Heagy, Cheyenne Yascts $65, Uabilition $9.317.07; John H. Cnssidy,. Lingle, assets $ Uabilities $13,275.40; Arthy egle, Campbel) cot a 600, Mabilities $7,158.80, Wyoming Business and Industrial Survey From Special Tribune Reports Finance SHAWNEE.—Large abreage of corn being put in, About 15 per cent more wheat in this year than last, amd 20 per cent more oats; potatoes 10 per cent less, Dairying is fine, cream checks running $1,500 a month, an increase of $500 a month over last year. JACKSON.—Small surplus of hay carried over. With irrigation start. ed, alfalfa is beginning to come up. Ranges in good condition. TORRINGTON.—All crops are looking fine. This promises to be a banner crop year near here. Beets are all in and most all up. Thinning starts this week. Corn is coming up and with moisture corn should make a real crowd this year. Alfal- fa is growing. slowly due to the cool weather. ARVADA.—Crops in very able condition, with corn being planted a little later than usual, due to the late spring. Plenty of rain has brought range to very good condition and grass unusually good. GUERNSEY.—Wheat, rye and oats doing nicely; cool weather and ample moisture. Wire worms work- ing on early corn, making necessary to replant. The increase in re celpts of cream at the local sta- tions indicate t more ranch are taking up dairying favor- Oil and Mining. LARAMIE.—Every prospect increased work in drilling structures on proven grounds. Anticipate con- siderable mining activities in Cen tenial and along the range. KAY —Several oil domes around Kay¢ee. The Burris dome is the only one that is «mt be- ing prepared to sup in. Spudding will come within the next several weeks. BAGGS—Ohi!o of new as well as further work goologists find Promising new structure near Sla- ter, Colo., 18 miles east of Baggs. U. S. Geological survey crew pre paring to investigate Baggs struc ture. He traffic through Baggs to Craig. lo., field from Wyom- ing Y MANVILLE.—Practically no of! activit: Appears there will be more activity in Lance Creek field. SHAWNEE.—Strong _ prospects for drilling near here this summer. Guernsey—The new standard rig on the Guernsey structure is com- pleted and the machinery is about set with expectations of spudding in soon. Sone eastern capital is bid- ding for options on the arsenie de posit in Whalen canyon. Industrial and Manufacturing. Laramle—Considerable building in progress as well as contemplated— mostly dwellings ond business hous Employment and’ Pasrolls. Laramie—No labor troubles, few idle. Payrolls about average. Kaycee—No idle men in this sec: tion at present., Shearing will soon Start and employment will be pro- very vided for quite a number. Most of the shearers will have to be im- ported Evanston—Twenty men laid off at local shops of th five days a week. road quiet. men working only Business on rail- Baggs—Supply of labor about equal to demand. ey—Additional orders re- celved the Fowler lmestone quarries !nsure continuous opera: tion throughout the summer. Retail Business. Laramie—Reports show sales as good or better than same period last year. Kaycee—Retafl business holds up well, excepting the hardware bus!- ness which is about 20 per cent less than last year at this time. Baggs—Slight improvement in re- tail trade. Shawnee — Farming community but business shows an increase over last year. Guernsey—Retall stores enjoying a steady business. Local Ford agency continues to keep up its average sales of cars. Outlook and Resume, Laramie—Banks all in good con- fon, prepared to take care of reg business. Excellent prospects for a prosperous season Kaycee— Lots of opportunities here for the person with some means. Practical farmers are mak ing good and there is need of a lot moro of them. Land can be bought cheap, This a No. Al. dairy coun cheap. ‘This a No. A-1\dairy coun- dairy cows, with need for 5,000 to keep Creamery supplied, so the Salt Creek trade can be supplied. There several thousqnd acres of coi here —practically undeveloped, ould soon be with the build ing of the North and South railroad ‘The general outlook for future bust ness never was better and as soon as the dirt flies for the railroad pre aletic are that the land seekers will re to take advantage of cheap lands which are cheap in price only, as some of the finest wheat i# rown on the dry farms ere, said crop averaged more than 20 bushels, per acre, Evanston—Windy summer with the ground very dry MANVILLE—Outlook at this time is fair. No banks loaning money. \ good rain that was badly needed last Thursday. hawnee —Communtty in good hoalthy financial condition, Plenty f moisture and prospects good for large crop Jackson—Rond work started by reau of public roads May 1, gly | ing employment to all surplus men 1 teams, Outlook for summer t business very good Guerr The general outlook f mmunity fs very bright tovel of nairal resource Bonds ee ee he Casper Sunvay crivune Stocks NEW SYMPHONIES IN CONFECTIONS MADE Small Manufacturers to Battle This Year for Larger Share of Trade; Competition - E In Business Grows Keen. «© By J. ©. ROYLE (Copyright 1924 Casper Tribune) NEW YORK, May 31.—Puryve- yors to the sweet tooth of America are engaged in one of the busiest season they have ever experienced. ,They are inventing new sym- phonies in confections to please the palate just as a musical symphony appeals to the ear, only, instead of utilizing the eight notes of the musi- cal scale, they utilize the primary flavors or tastes. Just as innumerable variations of tone note and pitch are developed and just as the ‘artist’ products scorés of shades and tints from the primary colors, so the confectioners are producing every degree of bit- terness, sweetness, sourness and saltness to attract the $1,000,000,000 which will be spent for candy this year. Formerly the manufacture of. candy was largely a local enterprise in each community. Then some of the larger producers invaded what they call the ‘national field,” meet- ing the local manufacturer in his own market, with the ald of adver- tising and quantity production. This competition has now placed the smaller manufacturers on their mettle and they are preparing this summer to battle vigorously for possession of their own territories. They are seeking to achieve this by developing products of sufficient novelty to increase incentive to buy on the part of the public? Profits at present are narrow, according to the majority of manufacturers. Costs of some raw materials ha’ falled and prices of candy have re- mained fairly stable, but the in- creased margin of profit which this would indicate, has been swallowed up by additional overhead and labor expense, the makers claim. Within certain limits, they say, the slight advance or decrease in the price of candy has Uttle effect en the amount consumed. One vital aid to the confectionary business which has developed this year is the drop in the price of sugar. ‘The manufacturers expect: to make well over two billion pounds of candy before December 31, This will require about 8 per cent of all the sugar consumed in the United States. It is estimated that about 30 per cent of the sugar consumed is manufactured into some product while the remaining. 70 per cent goes into homes in the powdered or granulated shape. At present, sugar prices are ad- vantageous for the. buyer. Raw sugar is down to a low point and many well informed dealers predict that the Cuban crop will be in ex- cess of, four million tons. The Euro- pean output of beet sugar is expect- ed to be well over a million tons larger than it gvas last year. Plantings of sugar beets in the inter-mountain states and in Michi- gan and Ohio have been heavy aud a large crop is anticipated. The critical dry situation which has ex- {sted since mid-April ,in northern Colorado has been relieved by roak- ing rains, assuring a good,stand of beets in all that region. It is to be noted that beet sugar normally is quoted .40 of a cent lower than the cane product. The sugar market is belng marketed at present in view of summer demand {ailing to develop, and prices in raw and re- fined product. The price of raw dropped 30 cents a hundred pounds in New Orleans this week. All these factors tend to ‘ndicate that the price of sugar, one of the chief constituents of candy, will remain fairly stable for somy little time to come. This, Confectioners’ in Louisiana members of the National Asrociation, means that 3,000 or more -establishments decoted to the manufacture of candy at wholesile will be actively operated with approximately 100,000 workers on thetr payroll. It is esti- mated that the combined wholesale | and retail candy business furnishes | employment to not less than 300,000 persons at present. The industry however, hss gotten well away from hand production. Increased con sumption demanded quantity out: put and ‘machinery to assure this has beer: developed until hand pro- duction has almost disappeared. STOCK TRADING DULL AND PRICES LOWER Reactionary Trend Caused by Uneasiness Over Pending Legislation Dominates Stock Exchange; Railroads Suffer. NEW YOR y 31.—Reaction- ary activity marked the course of stock exchange trading here this week with average sales amounting to only half a million shares daily, due largely to uncertainty among speculators regarding probable ac- tion on pending legislation. This was encouraged by railroad earn- ings statements which compared unfavorably with those for the same period last year. A falling off in net revenues wi reported by sev- eral roads, including New York Central, Pennsylvania and othgr large systems, St. Paul dropped to new low marks for the year on statements showing a deficit of $700,000 in operating income as compared with large profits in April, last year. Further curtatiment in produc- tion operated against, the demand for steel shares, which also lost ground. With important construc- tion work in the east delayed by bad weather production showed a decided slump. Selling of sugar and silk shares resulted from a decline in quota- tions for raw sugar and raw silk while reports that current sales of tires and automobiles were below those of last year caused weakness | in motor and rubber shares. Money rates opened easy earls | in the week but withdrawals of funds | for month-end requirements caused some stiffening of rates. They eased up again at the close of the week on indications that no heavy drain would be made on banks. Quiet trading marked activity in the foreign exchange market, Copyright, Canned Goods. WILMINGTON, Del.—Arrange- ments are now being made so that the marine shipments of canned products produced in the Delmarvia peninsula hereafter will be handled through this port instead of Phila delphia, Baltimore, New York or Boston. SEATTLE.—No considerable part f the 1923 pack of fruit and vege- ples remains in packers’ hands fn this section, but jobbers are well stocked and sonsequently are not rushing to place orders for the 1924 pack Commodity Trade News Potatoes. ST. PAUL.—Arrangements for operating = Minnes®ta’s — 16,000,000 bushels of potato pool practically has been completed by making of a contract for distribution by the Minnesota tato. Growers Ex change and Federated Fruit and Vegetable Growers, Automobiles. SACRAMENTO.—California aiito- mobiles used 114,609,000 gallons of gasoline In the fitet quarter of this year, according to figures of the motor vebicle tax department which collects a tax of two cents a gallon. The state derived $2,992,186 the tax during the quarter, from NEW ORL NS.—Sales of autos 1924, The Casper Tribune ing wage cuts than inside. So far only one large company has cut wages and according to operators further reductions are not in sight at present. The Frick company will make no change in the present scale, it 1s sald, for the present, at least. Cotton. HOUSTON.—The cotton crop In central and southern Texas, while two or three weeks late, is making g00d progress since hot weather has started. Conditions are only fair in the north section of the state, The Texas increase in estimated as high as 8 per cent over last year, Wheat. SPOKANE—Rallroad experts whose business it is to secure exact information on northwest crop con- ditions, now estimate Washington will not produce more than 35,000,- 000 bushels of wheat this year, as compared with 60,000,000 — bushels last season, ou. TULSA—In the last week stocks of gasoline at midwest refineries de- clined 1,135,385 gallons kerosene 1,298,000 and gas and fuel vil 206. Grain NEWS AND QUOTATIONS BY LEASED WIR fering employnient to idle textile mill hands. _ Floor Coverings. TOPEKA.—What is said to be the largest isle order of linoleum ever placed in the West was bought this week by the Santa Fe railroad for its office building here. The order totalled 17,000 square feet and cost about $35,000. The sale was made through the F. W. Karling Furni- ture company of Kansas City and was placed with the M. and J. Sloan company of New York... Electrical Equipment. PHILADELPHIA.—Plans have been prepared for a $1,000,000 struc- ture to house the new plant of the General Electric company here, ——<— Alemite Service and car washing. Woods Filling Station. Phone 1920W. GRAIN PRICES ARE Livestock :: All Markets — CRUDE MARKET Cat Croek wecec anne ee nen anna sh 11.95 Lance Creek ~---------------- 1.90 Osage Grass Creek ght ----.------. Grass Crevk, heavy ------.--- Greybull ----,---.------------ Torcblight )--=-_- Bik Basin --.--------.-------- 1.95 Rock Creek Salt Creek ----~-. Big Muddy ~--..---.--... Mule Creek Sunburst .. weren neon n-ne. Hamilton Dome Ferris Byron Notches Pilot Butte yao eee Lander 1:95 90 DEALT HEAVY BLOW Weather Conditions Rule Trading in Chicago And Sharp Break in Prices Occurs on News of Late Rains. CHICAGO, May 31.—Grain’ prices received a sharp setback in today's short session of the market here, persistent reports of rains beneficial to the crop outlook in the west an® southwest causing a sudden falling off in demand, Adjustment of May accounts caused heavy selling and the closing was weak, with May wheat at $1.03% and July at $1.06, while May corn fell off to 754gc and July to 76% Heavy buying for foreign accounts fell off during the week on reports of improved crop prospects in the United States, although a close ad- justment of values between Cana- dian and Chicago markets gave a stronger tone to export business. Liverpool buying was large at times during the week but was offset by the week was governed by. weather conditions. Teday’s range of grain and pro. vision prices follow: selling here. Practically all grain trading of Open High Low Close WHEAT: May - 1.05% °1.06 1.03% 1.03% July - 1.07% 1.07% 1.06 1.06 Sept, - 1.08% 1,09 1.07% 1.07% COR: May 79 ‘15% 75% July 76% 76% Sept. 76% 76% .7646 46% ABM 45M 44 44 Ad AMONG 8975 39% 10.40 10.32 10.40 10.70 10.65 10.67 9.77 10.60 Cus 00-47 | Kveryman’s By GEORGE T. HUGHES. (Copyright, 1924, by Consolidated Press Asso¢iation.) One rule of sound investment which many people overlook is that the smaller your capital the more conservative must be your securities, I am often told that this or that investor must have a large return because his capital is so small. Now exactly the opposite is true. The small investor cannot afford to look for a_large return. He must have above everything ¢lse security of principal. He cannot afford to take chances no matter how small be- cause he cannot sufficiently diver- sify his list. Moreover the large capitalist is in a position where if one or two of his commitments prove unsatisfactory it is a matter. of only minor importance. The same thing might prove;a disaster to the small investor. It follows that what may be a good investment for one man may be strictly unsuit- able for another. A widow with no Miners’ Wives Watch Stills As Men Work WILKES-BARRE, Pa., May &1. —{United Press.\—Women are the unwilling, but most numerous vio- lators of the prohibition laws in this section of the anthracite coal region, according to welfare agencies who have started a drive to aid the wives of foreign-born workers who are compelled by. their husbands to operate stills while the men are in the mines. Testimony ‘which came to light In police courts caused the welfare workers to start an investigation which shows that hundreds of women are unwilling accomplices of their “men” in making moon- shine, but are afraid to inform the police or even testify when they are ‘arrested. Most of the smaller stills in homes here, according to the wel- fare workers, are among the class of people where the wife and mother have been raised to obey unquestioningly. The Lehigh Valley Coal com- pany recently issued orders that tenants who operate stills in com- pany houses will be summarily ejected and other coal companies are waging campaigns to wipe out the numerous illicit moonshine stills. According to Captain Clark, commanding the state police here, there are more stills in operation in the anthracite region than any other section of the country. Ex- ploding stills have caused a dozen deaths within the past year and deaths from poison whiskey have mounted alarmingly, the coroner reports, In one rald by the state police, a six old boy was found operating a still and several cases have come before the juvenile court of intoxicated children. plist re oma aa Save your motor, change ofl every 500 miles, you'll be surprised how much better the motor will run, yes it's cheaper too. Free crank case service at Woods Filling Sta- tlon. here are slow and business is run: ning much under that of Inst year. Stocks th new and usdd autos in users hands are large Coal, PITTSBL H.—M alarm is felt outside the coke district regard $08 gallons. Crude stocks increased 10 barrels and semt.refined 86,008 barrels, Textiles. BOSTON.—The legislative com: mittee on munteipal finan: has approved a bill in the state legisla ture authorizing the City of Fall River to borrow funds beyond tts debt limit of $300,000, to provide street and sewer improvements of- —<<$<— Investment experience in financig} affairs and entirely out of touch with business conditions’ requires a different in- vestment list from a man actively engaged in trade, This ts especially ithe case when the widow is entirely dependent upon the income from her securities. She has, however, one compensation in that to her marketability is a secondary matter. The business man must have se- curities for which there is a ready stie as it .is conceivable he might need the money at any time for use in his business. Or he might want to borrow upon his stocks or bonds’ at the bank and banks loan money only on securities with a ready mar- ket The widow on the other hand requires only a: steady and assured income. She can afford therefore to take a bond or mortgage not so readily saleable and other things be- ing equal a slightly higher return can be obtained from the security with a less active market. Every investor should make perfectly plain his or her own exact financial situa- tion to the investment banker or investment adviser. In just the Same way as he or she confides in his doctor or his lawyer. In this way investments can be suggested which meet the need of the particu- lar individual, 1.90 SUNDAY, JUNE 1, 1924, \ TREES AND PLANTS ! . WM. MOSTELLER eke PHONE 1F3 Also manufactures and sells bee supplies Eight hours sleep—- then the shower! The best eye-opener in the world is a good: shower bath after arising. : It tones-up and refreshes the whole body, keeping it attuned to that healthy pitch that enables one to accomplish more dur- ing the day’s work. The fellow whom you may have admired for his physical fitness and mental alertness, in all probability takes his daily shower bath religiously. “A bath-a-day keeps you fit every way!” A quick, convenient way to enjoy the daily bath is under the shower F Write, phone or call for particulars. Schank Plumbing & Heating Co 359 East Second « Phone 711 € CUT OUT THIS COUPON This Coupon Is Good for 10 POINTS 10 POINTS In the Tribune Carriers Competitive Race I hereby cast 10 points for: Carriers name —~ ---Route No.____. Subscriber’s Name Pay on your subscription account and count 75 more points for each month paid. Westbound No, 603 No. 613 9 seaereamasteer ee roe ST 17 Westbouna ‘hag 29 0. SALT CREEK BUSSES 3 Busses a Day Each Way LEAVE CASPER—ARKEON BUILDING] Le Baggage and Express Called for and Delivered Salt Creek Transportation Company Tel. 144 COME OUT SUNDAY NIGHT DANCI ?: 1? Wyoming Motorway ? ? 7? SLIM BRANT AND HIS DE LUXE ENTERTAINERS Roads Newly Graded Casper-to-Mills Bus Leaves Second and Center Streets Every 15 Minutes To Casper’s Newest Playground NG | | BATHING IN THE REMODELED POOL F 400 DRESSING ROOMS Matinee 2:30 Evening at 8:30 RIVERVIEW PARK MILLS, WYOMING Roller Rink, Rides and Concessions. Free Parking Space for Your Car