Casper Daily Tribune Newspaper, June 20, 1924, Page 11

Finance :: FOREIGN WOOLS IN _ - GREATEST DEMAND 5 i Sihsation’ Develops’ in Market” at Boston With Domestic Wools Quiet and Trading BOSTON, June 20.—The Commer- eial Bulletin will say tomorrow: “Conditions in the wool market are nothing short of anomalous. The Sydney, Australian sales, with selection of fine wools for y firm as with the last sales there, while this market has shown surprising weakness for domestic wools. In this market sales of for- eign wocls have commanded prices to 20 cents a pound above iY euitivalent domestic grades in some instances where the manufacturer ‘wan obliged to have a certain woo! which is scarce. Business, on the whole, is dull. “Despite the relative strength of fine wools abroad, medium to low descriptions are easing. Liverpool, East India sales show a decline of 5B to 10 per cent from the previous wales. Bradford is dul] and easier. “The manufacturing outlook is etill uncertain, although there are Possibilities of a better market in the more distant future. Spinners and combers find the market very adverse and uncertain at the mo- mant. : in the west buying proceeds moderately at easing rates, mostly in the range of 35 to 40 cents for good to chonce médium and fine clips. Meats. N, CHICAGO.—Retall butchers bare- ly scrape a living out of their busi- ness, the Northwestern university branch research department asserts after a survey that shows that the average successful butcher earns but 5 per cent on his investment. Seven out of ten stores pay a return on the investment besides wages. High operating costs keep down earnings. SAN FRANCISCO.—Meéat packing concerns operating in the San Fran- cisco district report a considerable increase in trade over last year. Surplus meat supplies in storage eight months ago havo been prac- teally eliminated and as a result Mvestock prices in local markets are stiffening. Packers, however, report ns slow. Steel. PITTSBURGH.—Many men have deen laid off this week in tho steel industry here and the period of ex- treme dullness continues in the ron market. Some orders are coming n from makers of radiators, sani- tary ware and cast iron pipe. In ie cases, however, consuiers we closed for the second half cf the year. WESTFIELD, Mass.—The found. of the H. B. Smith company mow have been placed on a five-day & week basis. Automobiles. DETROIT.+The Ford office forces have been put on a five-day basis, the same as the production forces. ‘The Reo company expects to close about July 4 for two weeks vaca- 7 On. , PITTSBURGH.—The recent drop 4n oll prices was regarded as natural here and consumers are anticipat- ing 4 gasoline price decrease. Textiles. BOSTON.—The Cordiss mills at Milbury have closed until July 7. >. Market Gossip Reported Dull. “Mohair {s moving slowly at un- changed rates." The Bulletin will publish the fol- lowing wool quotations: . Domestic: Ohio and Pennsylvania fleeces: Delaine, 50c; three elghths blood combing, 45@46c. Michigan and New York fleeces; Delaine, unwashed, 46@47 half blood, unwashed, 47@48c; three eighths blood, unwashed, 45c; quar- ter blood, unwashed, 42c. ‘Wisconsin, Missourt and average New England: Halt blood, 45@46¢; three eighths blood, 42@43c; quar- ter blood, 40@41c. Scoured bas’ Texas, fine, 12 8 months, Northern, $1.20@1.25; Middle county, $1.10@1.12; southern, $1.00@1.05. Oregon: Eastern No. 1 staple, $1.25; fine and fine medium combing, $1.17@1.20; eastern clothing, $1.05@ 1.07; valley No. 1, $1,08@1.10. Territory: Montana and similar: Fine-staple choice, 1. blood combing, quarter blood combing, 80@82c. Pulled; Delaine, $1.20@1.25; A. A., $1.15@1.20; A. supers, $1.05@1.10. Mohair: Best combing, 75@80c; best carding, 65@70c. They have been working on a three day a week schedule for two months. The Park Hill Manufacturing com. pany of Fitchburg has placed three mills on a five day a week basis which formerly were only operated from two to four days a week. ._ Grain. WINFIELD, Kans.—Binders have begun to hum in the harvest felds here and a better than average crop will be harvested in southern Kan- sas. Rains have benefited growing crops. Wool. SEATTLE.—Marked recessions in prices of Oregon and Washington wool are reported in. the last week. Clips which sold in May-at 38% to 39%4 cents a pound are now quoted at 36 cents while poorer grades are down to 29 to 32 cents. Cotton, AMARILLO, Texas.—The week just past has been the hottest of the year so far. The warmth of the nights has been most helpful to the plants and conditions now are {deal for clearing out the flelds, ATLANTA, Ga.—Cotton growers have bought twice as much caletum arsenate to fight boll weevil as last year, indicating intensive cultivation of the decreased acroage. ; PORTLAND, a barrel has been added to the price of all gtades of local patent soft wheat and bakers’ flour. Livestock. DALLAS.—Cattle are doing well in Texas and putting on fesh rapid- ly. Conditions of June 1 show range conditions at 83 per cent. Canned Goods. “f MADISON, Wis.—The Wisconsin pea canning industry, which leads the nations, has made another in- crease this year.’ Acreage of 104,000 acres has been planted and a dozen or more new factories opened. and Briefs On Operations in Oil Fields Rescue Car Here the week the mine rescue elds safety first demonatra- car of the bureau of mines has in Salt Creek field. There of lectures and demonstra- has been stoned soe the of Instructing the o! je! ped saad in safety first methods and acoldent prevention, Argentine Official Coming ‘Word hag been rectived by the local office of the bureau of mint announcing the coming to Casper Mario L. Villa, C. BE. in the near future. Mr. Villa is director of the petroleum exploltation: Plaza Huincal, Argentina. Hoe is making an intensive study of Am fean methods of oil operations, in- cluding organization and adminis- tion of operations as well ag ac- drilling and production meth- ods. le is carrying on this study with a view to application to local eonditions on his return to Argen- tina. Marine Oil Opergtions Séction 6-39-78—Wolverine CRI— No crew for past five days. Wolver- ine CRI—Drilling at depth of 1870 feet into blue shale; swabbing and cleaning out Section 20-39-78—Taylor 2 Wet: Taylor 4 and 6—Cleaning out and swabbing. ‘Taylor 6—drilling at 2718 feet; shale; well flowing. Taylor T—Depth 2265 feet. Top of first Wall Creek #and. Taylor 8--Waiting for drilling crew. Stction 17-39-78—Marine %. 4, & and 6—Pump!n; Marine 7—Drill- ing at depth of 90 feet into shannon sand, Section 18.40-78-—Wyokans = 1— Flowing. Wyokets 2 and 8—Clean- ing out. Wyokans 4—Drilling depth 1,010 feet. Wyokans 4—Rig up. Section 22.40-79 — Wyokans—All1 well on section 22 pumping. Lecture Given Here An Ilustrated lecture on the prop- er methods of caring for and hand- lng ol! well casing and tubing in order to prevent fishing jobs and lows Of time, was given at the Frick- Reid Supply company building last night by A. B. Crockett, manager of the bureau of instruction for the Jones and Laughiln Steel company of Pittsburg. lorace H.. Galbraith of the company's office, was here with Mr. Crockett. Butter and Eggs CHICAGO, June 20.—Butter, high- er; creamery extras, 29%c; stand: ards, 39\%c; extra firsts, 38% @ 300; @ 8c; seconds, 34@35 %e. receipts, 26% @26%c; firsts, 24@24%40; storage packed ex- 27% 0; firnta, 270. NEAPOLIS, June 20—Fiour bran $21.00, Bonds Allied Chemical & Dye 124 American Can ----... 108% mn Car & Foundry - 1608 International ‘-.--. 21% Lecomotive .--—. ae 42% Tel ex div 121% 165 70% 8B 29% 103% American Tobacco -.. American Woolen .. American Zinc, Lead and Sm Anaconda, Copper Atchison ~-..-.... Atlantic Coast Line ~—-.__ Central Leather —. California Petroleum: ----_ Canadian Pacifie .1WW2 Cerro de Pasco .. Chandler Motors ex iv. —_ Chesapeake and Ohio —._._ Chicago and Northwestern -_ Chicago Mil. & St. Paul pfd. Chicago, R. I. and Pac. ---_. Chile Copper ~.-.--------- Cosa Cala Colorado Fue! and Iron ~.-__ Cuba Cane Sugar pfd. --_.. Davison Chemical ~.---..-_. Du Pont de Nemours --__... Erie a Famous Players Lasky ---.-. General Aephalt ----..._.- General Electric -..---.... 2334 General Motorg ----..--.... 13% Great Northern pfd. -------.. 60% Gulf States Steel --.--._... 67% Houston Oil 67% {linols Central —---_...___ 108% International Harvester -... Int. Mer. Marine pfd. ---..- Int. Tel. and Tel. ----..... Invinelble Oll Kelly Springtiel Kennecott Copper ~~~... Louisville and Nashville -.... Mack Truck ~.-.--~-+-----. Marland: Ol ~--........ Maxwell Metors A ...--...-- Middle States Of) ---,---_.. Missouri Kan, & Tex Missourt Pacific pfd ---..--- tional Lead ...--.---.. New Orleans, Tex. and Mex.99% B New York Central -. =~ 104% N. Y., N. H. and Hartford... Norfolk ang Western ----..._ Northern Pacific .-...------- Pacific. Oil -...---e--- eee Pan American Petroleum B Pennsylvania es Producers and Refiners ~---. Reynoids Tobacco B ---..--- Seaboard Air Line ~-..------- Sears Roebuck Sinclair Con a Slows-Sheffield Steel and Iron.t4KB Southern Pacific ~-.----.---. 93% Southern Railway pfd ~.-... 74 Standard Railway---...----. Standard Of! of Cal. 51% Standard Oil of N. J. 4% Studebaker ' Corporation 33% Texas Co, 38% 30! 62% Transcontinental Oil 4 Cnion Pacific -.. 185 United Drug: -.----.--.---. 7B U. 8. Cast Iron Pipe -----.. O. 8. Ind. Aleoho! -..~. Unived States Rubber Cnited States Steel Ctah Copper Westinghouse Electric Overland Woclworth - Standard Oil Stocks Anglo . ---<..-. Buckeye - nme 62 68 Continental a9 41 Cumberland = ---<------125 128 Calena ~ ----------2--- 54 56 Someecenence 18018! 9: aoeenn------- 90% 4% 15% Oho Oil ~~~ --enn-- 60% Prairie Ol Prairie Pipe Solar Ref ---.--.------181 183 Sou. Pipe --. —— 4% 95 8, O. Kan --—-.---—.. 39% 40 8. 0. Ky - 1 10 8. O. Neb. ..--~--~--232 28: 5. O. Ni ¥. = 38 3 8. QO. Ohio 1-283 285 Vacuum ~ ------------- 60 60% 8. O. Ind, cerany Tyres: | wee nee ene 2210 — | CRUDE MARKET tt CROC cane mn eecee nee $1.95 Lance Creek 1.90 — 1,90 ‘Torcblight 1.96 THK BAsin ~--arennnceenn nen 1.06 Rock Creek .. weneeene L170 Salt Creek Big Muddy -.. Mule Creek Sunburst ~--.--.----------- 1. Hamilton Dome ... 1.40 Ferris .---..----eeneeeseo— 1. Byron ~--.--~-----—--------9-—— Notched ~..--02e2-nen-s-neee-= Pilot Butte ...--n--ce-ne--ee Lander ~-..------------------= MONEY | NEW YORK, June 20.—Call mon- ey easy: high 2, low 2; ruling rate 2; cloning bid 2; offered at 2%; last loan 2; call loans against accept. ances 1%. Time loans stead: mixed collateral 60-90 days 3@39% months 3 48%. ‘rime com. 4 mercial paper 3 Le 1,10 0 : Grain :: Livestock WS AND QUOTATIONS BY. LEASED WIRE Bessemer -.----.--_. Big’ Indian 1... Boston Wyoming -—. Buck ‘Creek. ---__.., Butts) --.--i coe stone Salt Creek pell Columbine -- Central Pipe --.. Consolidated Royalty — Cow Gulch - Domino ~-..-..., 5 Elkhorn oe EB. Te Williams 10 1.90 1.20 203 206 04 31 05 6.50 +09 00% 07.08 01 6 01% 3.00 3.15 01 Lance Creek Royalty — Mari 0 ee Mike Henry ---.-.-_ .00% Mountain & Gulf __-. 1.40 01% Red Bank ---_-_.-_.116.00 Royalty & Producers .04 a3 02 Western Exploration — 3.20 Western. Oil Fields --. .13%4 Western States —-... .14 Wyo-Kans -..-.---_. ¥ ou 1 1.45 14% 15 NEW YORK CURB Mountain Producers ~_ Glenrock Oil .. Salt Creek Pras. Salt Creek -Cons, 4.00 24.25 8.00, 8.50 61.75 62.00 Prairie Oi ..-.-_-_-..-212,00 213.00 Prairie Pipe -... —- 103.00 104.00 - 10.00 10,12 8S. O. Indiana -. 57.00 57.12 LIVESTOCK Chicago Prices CHICAGO, Jyne 20—(U. 8. De. partment q& Agriculture}—Hogs. Re- ceipts 33,000; slow, about stead few sales; weak to 5c lower; bulk g008 choice 240 to 310 pound butch ers: $7.35 @$7.45; top $750; desirable 170 to 225 pound averages largely $8.10@§7.30; bulk better ‘grades 140 to 165. pound welghts $6.75@$7.05; Packing sows steady to strong; bulk $6.35@$6.70; slaughter pigs un- changed; majority better+ strong welght $6.00@$6.25; | heavyweight ; medium. weight $7.20@ $7.45; light weight $6.75@7.35; light lights $5.85@$7.15; packing “hogs smooth 6.55@$6.85; packing hogs rough” $6,30% $6.55; slaughter pigs 95.25 @ $0.35. ’ Cattle: “Recetpts 3.000; trade dull, on catch as catch can basis; about steady with weak extreme decline; ling. quality-plain; no choice steers, here; bulk fed steers and yearlings $7.50@$9.00; no reliable outlet for grassy cows and helfers;*bulls weak; bulk better grade -bolognas » $4.50@ $4.75; latter price practical top; light vealérs $8.00@$8.50; good to choice Kinds $9.00@$9.50 to packers. Sheep. Receipts 100; slow; most early sales native lambs 50c few heavyweight fat ewes desirable fat native lambs $14.00; culls mostly 8.00 to packers; few small killers $8.50; heavy fat ewes $3.50; sheep very scarce. Omaha Quotations OMAHA, June 20.—(U. 8. Depart- ment of Agriculture)—Hoga. Re- celpta 18,000; generally steady;. all interests buying; bulk 220 to 300 pound butchers $6.80¢ top $7.00; desirable t pound averages $6.40@$6.80; plainer lights on down to $6.00; packing sows mostly $6.10@$ bulk of sales average cost Thursday ight 253. Receipts 1900; very slow few carly sales beef steers and yearlings $7.25@$9.00; 16@26e iow- er than yesterday's general market top steers held around. $9.60; she stock very dull; catch as catch can generally 15@25c lower: plain end unsaleabl bulls. 10@15¢ vealers 60¢ lower; stockers and feeders nominally’ steady; bulk butcher cows $4,007.00; canners and cutters $2.2514§3.25; bologna bulls $4.35@$4.60; vealers to pack- ers upwards to $9.00. Sheep. Receipt 6,500; slow early sales fat lambs steady to weak; gen- erally “bidding ‘i tundertone wenk; one load western lambs $14.2 few natives $14.00; fed yearlings steady to strong; two loads choice 18 pound averages 12.25; one load $1 pound everages $11.50; sheep Searce, steady to wenk; small lots medium to good ewes $4.00@84.80; feeders slow, weak; demand harrow. Denver Prices. DENVER, June 20—4U. 8: De partment of Agriculture.)—Hogse— Receipts, 650; few bales to shippers and small killers, steady to 10¢ higher than Thursday's close; $6.65 to $6.75 paid; packing sows, $5.60 fat pigs, $5.50; few loads through to California market. Cattle—Receipts, 200; calves, n steady; few light’ Nelfers, $ heavy kind, $7.00; gooll cows, $6.50. few cutters and common cows, $3.00 to $4.00; odd mixed good vealers, $8.50 to $9.50. Sheep--Receipts, 3,000; bulk of run through; six loads Idaho lambs, $13.75; under sort; culls, $11.00 looks stendy. LIBERTY BONDS NEW YORK, June 20.—Liberty bonds cloned. Sta $100.20; first 4%e $101.28; second 44a $101; third 4% $101.31; fourth 440 $101.20; 8, government 4}ia $104.24 a | SILVER STOCK TREND Closing Quotations Reflect Decline After Day of Uncertainty “NEW YORK, June 20.—Protes- sional attempts to unsettle today’s market met With failure and the gen- eral list moved irregularly higher under the leadership of the. public utilities, nearly a dozen 6f which established new 1924 peak prices. Pool operations were again in evi- dence, particularly in a number of industrial specialties. Sales ap- proximated 800,000 shares, NEW YORK, June 20.—Profit teking and bear selling in various sections of the industrial list failed to halt the general upward move- ment of prices at the opening of to- day's stock market. Impressive strength again developed in the pub- lic utility and rails, new 1924 highs belng recorded by New Haven, Erie common, American commop, and six per cent preferred, and Schulte Stores, the initial gains ranging from fractions to 5% points. Atlantic Refining preferred dropped 1% and Colorado Fuel one. Buying power slackened after the fitst batch of overnight orders had been executed and the list turned re- actionary on the heavy selling of Davison Chemical, which - bro! 3 points. American Waterworks com- mon, which had climbed 7% points to 84, fell back to 79 while Colorado el, General Electric, United States Cast. Iron Pipe, Chandler Motors, Kelly Springfield common and Stew- art Warner sagged 1 to 3 points. In- dependent ‘strength developed in Mathieson Alkall, which advance 3% points to a new 1924 top at 46% while Schulte -extended its early gains to 3 points. Foreign exchanges opened firm. Simultaneous establishment of new high and low prices for the year In different sections of the list re- flected the play of opposing specula- tive forces. Professional attempts to_unsettle the market abandoned juat before noon on the renewel of a strong demand for the ralls, to- baccos and public utilities, Southern Pacific, Southern railways, Pitts: burgh and West Virginia, American Smelting and Philadelphia and Read- -ing Cdal and Iron being added to the lst of stocks to record new peak prices. American Waterworks com- mon, which soared 7% points to 84, and then fell back to 78, moved up again te 83, while the six per cent preferred created another new high at 93. Virginia railway and power climbed four points, Call - money opened at 2 per cen: Recognized market leaders were relegated to obscurity in the forward swing of the afternoon when many ordinarily obscure shares rose buya- ontly on active buying. Universal Pipe and Radiator, United Railways and Investment preferred, Market street railway prior preferred, Na- tional Lead and Gulf, Mobile and Northern preferred climbed 8 to 4 points. Atlantic Refining jumped 2 1%, but the preferred stock broke 4% to $1.10, a new low. The closing was iregular. Amert- can Waterworks extended its gain to nearly 12 points. ei sa rr EEE) NOTICE OF ASSESSMENT TO ALL PERSONS LIABLE FOR ASSESSMENT IN E£ANI- TARY SEWER DISTRICT NO. it the 18. Notice is hereby Bays ti assessment roll for Sanitary Sewer District No. 18 was certified on the 17th day of June, A, D. 1924, by the City Clerk to the under- signed City Treasurer for collec- tion. The owners of any lots, tracts or parcels of land or other property charged with assessment may redeem the same from all or anwW portion of the bility for the cost of such improvement by paying the entire assessment, or any portion. thereof, charged against such lots, tracts or par- cels of land without interest with-| of bid in thirty days after the first pub- lication notice, to-wit, on or be- for the 17th day of July, A. D. 1924, The owner of any such lots, tracts or parcels of land may re deem the same from all liabilities for the unpaid amount of said as- sessment at any time after thirty days by paying the entire paid and charged against any lot, tract or parcel of land at the time thereon at the date of maturity of the last installment falling due ments with interest upon the whole sum unpaid, at the rate of at the same EL She spetell ments are payable. pay- p City Treasurer, This notice is per und the statutes of Wyoming. In witness whereof I have here- gmuing, this 17th day of June, A. D. 1024, J. 8. VAN DOREN, Publish June 17 to 27, inclu- sive, 1924. NEW YORK, June 20—Briék in- quiry contmued for refined sugar $6.70 to $6.90 for fine granulated. Refined futures were nominal steady; approximate sales 46,100 tons. July $2.42; September $3.62; installment of said assessment un- of such payment, with interest and the entire ten equal install- six per cent per annum, payable ments shall be made to the the ordinances of the diy of Case unto set my hand at Casper, Wy- City Treasurer. at former prices, which range from Sugar futures closed barely December $3.51; March 3.20, NEW YORK, June 20.—Rar sil, ver 67%; Mexican dollars 61% —_————_ | For results try a Tribune Cl wified Ad. WHEAT PRICES | GOESUPWARD) ARE ERRATIC Irregularity Develops But Main Movement Is to Higher Ground CHICAGO, June 20,—Influenced by the breaking of the hot wave the southwest and by a sharp 4 cline at Liverpool, the wheat mar- ket here underwent a material down- turn today during the early trans. actions. No aggressive selling de- veloped, however, and buyers be- came more numerous on the setback. Much of the fresh demand was ap- parently based on opinions that the reaction had gone far enough. Opening prices, which ranged from % @1%o lower, with July $1.13%@ 114 and September $1.15% @1.15%, | Chile ‘were followed by a little further sag and then by a rally to about even with yesterday's finish. Subsequently, the market was nervous, with numerous breaks and bulg A big combination of ele- ‘Waterworks | VStor interests was reported. There) sinclair Con. OtL, col. 7s was talk too of liberal export buy- ing at Winnipeg. The close was unsettled at %4o net decline to %c advance, July $1.14% to $1.14% and September $1.16% to $1.16%. Better weather conditions eased down corn and oats. After opening %@lic lower, July 84% @84%c, the corn market recovered somewhat. Evidence later of a sudden expan- sion of the shipping demand here led later to an advance in price for the July and September deliveries. The market closed irregular at \c net lower to %o gain, July 86%c. Oats started unchanged to 4@%o off, July 47o and later held near to initial figures. Provisions lacked support. Open High Low Close WHEAT: July - Sept. ---- 1.15% 1.16% 1.15 117) («1.18% 1.17 86% 85% “17 118% 115% 1.13% 1.14% 1.16% 118% 34% 34% 16% Bie 16% AB% 43% 4% AT ATM 43% 43% 44% 45% 10.70 10.70 10.95 10.95 A5% 10.87 10.92 10.67 Jul, Land 10.95 Sept. RIB! July Sept. 2 BELLIES: aly a= == Sept. --.- --- Cash Grains and Provisions. CHICAGO, June 20.—Wheat—No. 8 red, $1.15; No, 1 hard, $1.18@1.2) No. 2 hard, $1.16% @1.17. Corn—No. 2 mixed, 85@88e; No. 3 mixed, No. 2 yellow, 88%¢; No. 3 yellow, 87%@880; No. 2 white, 89%c; sample grade, 75 @80c. fe} 9.90 9.97 10.27 10.60 ats—No, 2 white, 50@b5lc; No. 3 white, 49% @50c. Rye—No. 3, Tic. Barley—10@81c. Timothy seed—$5.00@7.25. Clover seed—$11.00@19.00. Lard—$10 Ribs—$10. Bellies—$10.37. a BIDS WANTED. | Sealed bids will be received by the Board of County Commis- joners of Natrona County, Wy- oming, up until the hour of two (2) p. m. June 23rd, 1924, for the construction of a County Building. Building will be of fireproof construction and will be erected on lots chi oh and 389, block 1, Casper, oming. Plans pif bo seen at the office of the County Clerk or may be obtained from the Architect, Gar- butt, Weidner and Sweeney, 412 Consolidated Royalty Building, Casper, Wyoming. ‘Ait bids shall 4 made on form furnished by the Archi- tect and shall be d in opaque envelop addresse: to County Jerk, Clerk of the Board of Seats Commisioners, Natrona County, Wyoming. Bids forethe work will be re- ceived in its entirety. and each bid must be accompanied by a certi- fied check in the amount of Seven Thousand Five Hundred ($7,500.00) Dollars; checks shall be made peralts to the Board of County Commissioners, jatrona County, Wyoming; checks are to be tendered a faith and that tor will execut ments bg ae the ge limits . require y contract documen' ‘The right is reserved by the Board of County Oi, nice to reject any or a s. ) &. T. MORGAN, Chatrman, Board of County Com- missioners. |, ALMA F. HAWLEY, Clerk of the Board of County Commissioners. Publish June 6, 18, 20, 1924, ——— METALS NEW YORK, June 20.—Copper electrolytic mpot and nearby 12% @12%. pot and futures $43.25. Iron dy, unchanged. Lead Y, ®pot $7.00. Zine easier; Mast St. and nearby $6.72@95.76. Attimony spot $8.50. et COTTON NEW YORK, June 20.—Spot cot ton quitt; mjddiing 29.65, ‘Tin firm; Louls spot PAGE ELEVEN. All Markets FOREIGN. Czechoslovak Rep., 8¢ Cts, —... Dominion of Canada, French Republic, 74s Japanese is Kingdom of Btate ‘of Queensiand, © oO! us rt U, K. of GB. & 1, 5 American Smelting American Sugar, 6s American Tel, Col., tr, Canadian Chicago, Burlington and Quincy ret., Chicago, ba A... zarmrecnee and 8t. Paul cv., 4%. Great Northern, 78 A —2222-----nweennenenenee-—— Montana Power, 58 A... Northern Pacific ret, 6s B —----ssseme--——>—-=-=> Northwestern Bell Tel. Te Pacitic Gas and Hlectrio 68 --. Penn. R. R. gen. 68 -.... Southern Pacific cv., 4s Union Pacific first 49 1222-222 --- nnn U. 8. Rubber 63 ..... Utah Power and Lights 68 2-2-2. Western U: Westinghouse Electric 7s Wilson and Co. \cv.. 68 ION 68 --<ceeenedewsesneencescneeeece 87% Hard Wood Demand Kasing Up But Stocks Are Low By J. C. ROYLE (Copyright, 1924 Casper Tribune) NEW YORK, June 20.—More ways to use wood—that is what the lumbermen engaged in hardwood production are looking for right now. That industry at present is threaten- ed with a business recession, accom: panied by wide price fluctuations in various parts of the country and a gneral tightening up of building co! struction. Mills have cut their pro- duction working hours sharply and prices still are falling in some sections. At the same time, stocks of hard- wood lumber are being reduced to a mintmum, They are being fed out gradually: until the reserve supplies are becoming extremely small, A quickened demand for building pur- poses is expected to chatige the situation overnight and lumbermen and dealers are expecting a change for the better before the end of the summer. ‘The curtailment in automobile pro- duction which, with some companie: has been as high as 23 to 25 per cent compared with the early months of the year, has cut deeply {nto one source of demand for hardwood luny ber. The automobile industry has r aquired almost 1,000,000,000 feet of hardwood tn the last year. The call for sashes, doors and flooring has dropped in proportion to the slump in building and the furniture mai kets have eased off so that produ: tion fs noticeably less than during the spring. The drop tn fulfilment of bulld- ing programs has not been espectally er number of cities and towns throughout the country, there has been a decline in the volume of building permits tesued, but the gains mihkde last month in New York City and other metropolitan centers has fully made up for this drop, In the 25 principal cities of the country there has been a@ gain of 16 per cent in building operations, as compared with the corresponding period of last year. Yet, this has benefitted only certain lumber manu- facturing sections. For example, the cities of the east gained almost 28 Per cent {n May, as compared with 1923, but the central west, the south and the far west lost from 2 to 17 per cent. If New York ts eliminated from the tabulations, t¢ 24 other principal cities sustained a loss of $7,000,000, as compared with last yea Nevertheless, the building permits issued in this country for the first tive months of the year in the 25 leading cities totaled $1,138,231,339, of which a very substantial portion ent for lumber. Production of soft woods has kept pace with the cuts of a year ago, about 4,577,173,- 540 feet having been sawed in the first five months of the year, as com- pared with 4,494,773, for the cor- responding period of 1923. Orders, however, were off nearly 500,000,000 feet. Hardwood orders were believed to have diminshed tn about the same ratio, One bright spot which shoné-dur ing the first quarter of the year, now has faded. The Japanese absorption of the forest production of the north- west Pacific region amounted to 308,- 802,000 feet the first quarter of t! year, but has now dwindled t> mint- mum proportions. The northern hardwood sections of Wisconsin and Michigan made big cuts last winter in anticipation of an exceptionally active demand this summer. These supplies are now being fed slowly into consumptive channels. In the south, where the cut ts not dependent so much on the winter season, producers have checked pro- duction materially in the last aix weeks. —_—_——— POTATOES CHICAGO, June 20.— Potatoes, trading very slow; market dull on old, trading good; slightly stronger on new; receipts, new, 23 cars: old, two cars; total U. 8. shipment new, 625 cars; old, 41 carn; Winc sin sacked round whites, $1.15@ 1.25; Alabama and Louisiana sacked Bliss Triumphs, $2.25@2.56; Carolina bar- reled Cobblers, $3.50@4.25. a | Foreign Exchange NEW YORK, June 20.—Foreign easy. Quotations in eat Britain, demand 433; %i 60-day bills on banks, 430%. France, dema 5.37, Italy, demand 4.28%. Bolgium, demand 4.66; cable 4.67. Germany, demand pér trillion, 23%. Wolland, demand 37.42, Nor- way, 13.62. ~ Sweden, 26.85. Den- mark, 16, Switzerland, 17.75. Spain, 19.41%. Greece, 1.75, Polan 000012. Czecho Slovakia, 2.95%. Jugo Slavia, 1.19, Austrian, .0014%. Rumania, 44, Argentina, 82.78 Brazil, 11,00, Tokio, 41%. Montreal, 98 13-32 feces The ally Endowment consisting of paying family ahcos with wages, is spreading rap. idly over continental rope In France, for instance, family allow- $5.00 Reward Five dollars to the party Dally " to tho capture of th fraudulently collecting subscriptio: from ‘Tribune subscribers, Patrons of the paper should not pay an one their cription except the carrier slivers the paper oF an authorized collector from the sftice. If you are not sure you are paying the right collector, ask him ard will be paid » show his credentials, If he ean: not do #0 please call the Tribune, Telephone 15 ances are paid by all railway and mining companies, as well as by more than 8,000 firms, banded to- gether in about 188 associations. Nearly 3,000,000 workers are aff ed by the system, under which last year more than 300,000,000 france were pald out. The system prevails to a considerable extent in Germany. Holland and Belgium and in Aus- tria it {s compulsory. How Long Will Your Floor Wear? The constant scuff and ecrape of many feet soon wears through ordinary floor paint. Protect your floors with Lowe Brothers Floor Paint. It dries quickly, is very hard, wears a long time and is very easy to keepclean. : FLOOR PAINT Whenever you have painting; varnishing, staining or enam- eling to do you'll find us ready to help you — with Lowe Brothers products suited to ind with good, s to their use, HOLMES HARDWARE CO. Phone 601 Second and Wolcott