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

MONDAY, JUNE 23, 1924. | weer _. » he Casper Dailp Ctibune PAGE SEVEN. Stocks :: Grain ‘NEWS QuotaTIONs BY LEASED | REAGTION IN. WHEAT NARKET STOCK PRICES, SCORES GAINS Danger From Blackrust In Northwest Factor In Quotation Jump CHICAGO, June 23-—Talk of dan- ger from blackrust in the northwest, together with an advance at Win- nipeg, led to an upturn in the wheat market tocny during the last. part of the board of trade seaston. Prices cloned strong at %o to Mo net gain, July $1,13% to $1.15% and Septe: ber $1.15%4 to §1.15%, Owing to weakness of Tiyerpool quotations the wheat market here underwent an early setback in price today, Most of the selling here con- sisted of realizin gon the part of holders with profits, “The weakness at Liverpool was ascribed chiefly to scarcity of buy- ers and to numerous recellers at a sharp concession. Chicago opening prices, which ranged from %o to ite lower, July $1.11% @1.12% and September $1.13%@1.14%, were fol- lowed by rapid fluctuations within the initial range, With receipts running below cur- rent requirements, the corn market soon developed strength. After open- ing unchanged to %e off, July 86%, prices later showed material gains all around. Oats were easy as a result of 00d crop reports, Starting at a sha‘e t O% @%e lower, July 46%, the mar- ket displayed but little power to rally, Lower quotations on hogs tended to weaken the provision market. Later, the market rallied sharply, influenced to a considerable extent by predictions of = bullish crop esti- mate tomorrow at Winnipeg. July corn touched a new high price record for the season. Others cen ters were reported to be outbidding Chicago 3c to Se a bushel in Chi- eago territory. The close was strong 1%c to 2@2%0 net higher, July 87%. Oil : . ee e ee e oy : F inance ) : Livestock Everyman’s Investment . Investors have different. require:| | : ments as. Wie he =a he iveresn can : American Car & Foup a Cee his. buaspene. Taner American KGuicpetionay — iy securities. Of | Moreover ordinarily only Farner , securities can be pledged at the for a » @n the other hand ene who has retired from active business And whe does not expect to have any sudden need of funda may be able to take a comparatively un- marketable security. Tn this connection there is a good! Atchison even 108% eal of confusion over the matter of | Atlantic Coast LAn® -enererne 130% . Bome people have the idea} Baldwin Locomoulve w.wenee 110% that all listed securities have a good| Baltimore and Ohio ,----—-- 56% market and that all unlisted securl- ehem tea are hard to sell. That is not the case. The mere fact of et does not necessarily insure a market and many unlisted ks | Ce} and bonds are actively in “over the counter” as phraag Other things being eq) uu shou) be able to get a slightly b: ir yi on the less marketable stock or bond to compensate yourself for this handicap. - Atlantic Refining Takes Sharp Break In Lead Of Reductions Cow Gulch ---eq----- Do wr ceeenen nn nn= NEW YORK, June 28,—A sharp break in Atlantic Refining stock en- couraged selling in other tions of today's stock market, giving the gen- eral list a Peagtionary appearance after an initial display of firmness. ‘Trading slowed up appreciably with Professional trades tnclined to with, hola important commitments until after the Democratic presidential nominee was picked and the plat- form adopted, Sales approximated 700,000 shares, Pstablishment of many new 1924 high reeords marked the opening of today's stock market, with low pric- ed rail and public utility shares lead- ing the advance. Southern railway. “Katy” preferred and B, M, T. all touched new top prices. Buying was of a broad character, with a jood demand for speculative issues, The initial wave of buying subsld- ed as bears opened a selling attack against several volaie shares which with weattered profit taking, caused the general list to hesitate, Off shares glipped hack slightly, Aflantie Refining losing a point along with Dupont, General Pleetric and Schulte Cuyame!l Fruit was forced down 8 Points to a new 1924 low at 56. Gains ranging from 1 to 3 points were re- corded by American Waterworks, Gas, Chandler, American Agricultural Chemteal preferred and "Katy" preferred. Foreign exchanges opened steady, Predictions that the market would enter a period of hesitation as the Dempoeratic national convention got under way seemed on the way to fulfillment-as the session wore on and trading slowed up. Price changes were mixed. Atlantic Refining broke 5 points to 89, another new low, sell- ing of this and other ofls being in- fluenced to some extent by another Series of gasoline price cuts. A per- sistent demand continued, however, EIKNOFN -~--eree—+-—— + T, WHAM weeee- may be perfectly sound in- vestments but the number of people ecquainted with its prosperity is Mmited and no one ts sccording to experts who just nspeaet spected the péach belt, Cheese PORTLAND, Ore., June 23.-The advance of 1 cent a pound by Tilla- mock dairies has gone into effect: ‘The new selling price to retall- ers ts 28 to 29 cents for triplets, Peanuts iB SUFFOLK, Va., June 23.—In the last two months twenty firms in this Peanut center of Virginia and North Carolina, which deal exclusively with peanuts, have transacted $25,000,000 worth of business, This is an in- crease of 20 per cent over the bush ness of the preceeding year. Oil HOUSTON, June Salt Crock PYas, <---> 24.37 24,50 Salt Creek Cons. ---- 7 Oh! S «S50 41,75 62.00 214.00 216.00 09.00 104,00 $75 10.00 Chemical DuPont de Nemours -------- ea eeeeeerne-—7--- eee top, 150+ bulk and choles strong weight killing pigs, $5.75@6.00; bulk of sales, $6.70 @1.16; Mehe weight, §6.40@7.05; light Hghtg, $5-50@6.80; packing hi $6.55@6. packing and Texas fields shows an increase of 965 barrels to 115,720. Bighteen producers were brought in in south High ‘Low Close Missouri Pacific pfd. Wheat— National Lead -- hogs. slaghter, July ---- 111% 1.13% 111% 1.116% ‘Texas during the week. New Orleans, Tex and Mex. -- pigs, $5,001 faci nus patie: LONER eee tat; | Baby —— 118% 115% 113% 1354 eee Rew: ove Contes: <xerrevvot Cattle—-Recelpty, 28,000; beef! high mt 90. United States Steel, com- Rallroad Eq N. Y., N. H. and Hartford .. steers and yearlings 35 to 25¢ lower| mon 4 the oPher so-called’ pivotal ~-w~ BE. BTM 86 87% DENVER, June 23.—Construction | Norfolk and Western ewa-c-- than last. week's extreme close; stocks, developed a bow 84% 86% 84% BOG work on the Wyoming North and % | cows ‘and dency, but the recessions were shall. ee 14H ITH TAM OTT South railroad projected from Cas- % ¢ Call money opened at two per cent. : f per, Wyo., to Miles City, Mont,, lave % | choice South Dakota bullocks held| ~ Resistance was poorn the after. wn-- 46% 46% 46% 46% been suspended. It is indicate dit. eee eed at $11,005 best heavy steers Oly! noon against offerings by Glacoures: 42% 43 ASH 42% fieulty in securing additional financ-| Producers and Refiners —.-.~ $10.10; long fed weighty kinds com:| eq holders and short selling, a num. AB% 44% 43% 44% ing dictated this move. About $3,- paratively . scarce; 3 yearlings and be: oh, kinds: predominating |Cr ne stdcks ruling a point 000,000 has already been ‘oY more below last week's close. The expended ==-+10.62 10,67 10.60 10.67 and 47 per cent of the route graded. ight weight in fed steor vunsi bulla and veal! wealenens of American Can and Bald 10.85 10.95 10.85 10,92 ) sak. “heevin| finds naa arm ne . -! il other res. 7 .. u . ; 3 RN $4.75 and x Kind, on! ‘The closing was heavy. Prices con- 982 9.80 9.82 Progressives Expect New cnr anges" amwted Stl yrina ne Tete aa + chotoe it selling of Atlantic Refin- 10.22 Pacific seorereeres=* Southern Railway -~..------ Southern Rallwey od Standard Oil of Cal, ~--c0re- Standard Oil of N. J, e-wee--=” Studebaker Corporation --~-. ing, whieh extended its Joss to nearly me points on reports of new financ- ing. 10.52 vealers . to $9.00 downward; light ind “estund 00; stoskers and teeders ely CHICAGO, June 23—wWheat No, 2 red $1.13%; No. 2 hard $1.14%4 @$1.17. Recruits to Their Ranks ——————$$— steady; others steady; yellow’ 89% @90. Onts No. 2 white 50 All Markets FOREIGN. “4 Czechoslovak Rep., 8¢ Ctts. Dominion of Canada, bs, 195 French Republic, Kingdom of Norway, Rep. of hile, &s, 1046 State of wueensiand, 6s U. K. of G. B. & L, 5%, Anaconda Copper Ta, At. T. and San Fe., gon. 4a Chicago, Milwaukee and St. Paul cy. Chile Co, ba Goodyear Tire 88; 1941 -----ann----weeren-——n meee Great Northern, je A Montana Power, Northwestern Be!l i. Ho Gas and Blectrio 58 Penn. R, R. gen. 5s -.. Sinclair Con. OL, col. U. S. Rubber 6s ~----________. Utah Power and Lights Bs ..-.. Western Union 648 -nnn--enmecnar: Westinghouse Electric 7s -. Wilson and Co., cv., va ako yaaa aaa ANACODLA COPPEL 63, 1956 nnn---cennenn------e-een= Baltimore and Ohid, ey., 4445 --2+--22-------——=--= Bethlehem Steei con., 68, Series A --------— TS enna: Southern Pacific cV,, 48 -—-ae---ew-~---. Union Pacific first 46 .-—----—--—- 4D n-nonane 87% DELEGATES TD MEETING NAMED Eleven members of the Home: steaders Protective association of Natrona county were elected last week as delegates to the Conference of Progressive Political action which Will be held in Wheatland at early date. The following were ndm ed: Mr. and Mrs. Ludwig, Thomas | Freshney, Thomas Thompson, Holmes, A. B. Shipstead, G. M Buckley, Orin Thiege, Charles Howard, Aura Ivory, Fred Drakin and Ea Moore. SLAYER TAKEN IN COAST CITY LOS ANGELES, June 23.—A. J Durbin, \30, arreated here in connec: tion with a series of automobile thefts, Was Sdentifted by police to- day as one of the alleged s! policeman Pete Berdoski of .) ¥., during a whiskey raid on a warehouse there in March, 1923. Detectives quoted Durkin as ad mitting that he was wanted for murder in New Jersey and a descrip. tion of the man telegraphed Joe € an | BUILDERS ARE HERE FOR BIDS ON NEW SCHOOL Seven Bids Likely To Be Opened Tomorrow On Construction Work It is probable that seven bids will be opened tomor- row on the contract for the proposed Junior High school which will be built at a cost of about $600,000, one wing to be completed this summer. Con- tractors who have arrived in the city for this purpose are Fred Nor ores and L. E. Storey of Greeley, Colo, C. E. Kirk .of Katon, Colo., -| J. B. Coppe of Billings, Mont, W. E. Norris of Cheyenne, W. J. An- senacker of Lincoln, Neb. H. D. Jol- |ley of Omaha, A. O. Reuter and TR. O. Shearer of Denver. . Newark authorities brought e In Next Congress Session coe reemrmrerntn oa BH wert wnte Nass. rene | Saree were | capoe, steady; early bulk na- 2, 76. Barley mS Timothy seed! sought: He will be held for extra '$12.00@14.00; sorting| MARKET BUTTER .4emt Hp ete dition, d. McEVOY Nelson emphasized the following moderate; cull natives mostly $8.00] CHICAGO, Ju: 28.—Butter—| 05 $10.37, ee NEW YORK, June 23.—Copper (Wulted | progressive accomplishmenta: @8.50; heayy fat ewes, $4.00 and| Higher; creamery extras, 40% @4lc; * Pd wet; electrolytic spot and futures WASHINGTON — (By mall to| “A compromise with Republicans down. | standards, 400; extra firsts, 3 uprcceee SUGAR United Press)—On the strength of] on the tax bill to decrease normal — 89%4c; firsts, 37@38¢; seconds, 31@ Visible Grain Supply n firm; spot and futures 4876. their record in the last session, pro-| rates, more evenly ratio gurtax rates, OMAHA, June 23.+-Hogn--Re-| 35%c. NEW YORK, June 23.—The visible n steady; No. 1 northern 1950 gressive leaders in congress believe | and bring about limited publicity ‘United States Steel ceipts, 14,000; slow 10@16c lower;|, Eggs—Unchanged; receipts, 30,904| supply of American grain shows the <EW YORK, June 23.—Refined| @2100; No. northern 1900@2000. thefr “balance of power” bloc has] returns. Utah Copper mostly 16¢ lower; b 220 to 300- firsts, 25%@26%c; ordinary | following changes in bushels: sugar was unchanged to 10 points| > southe 20.00 @ 21.00. established a permanent foothold) «By combining with Westin, Meas “Plectric. pound butcher 75; top. 24@24%cf storage pack ex-| Wheat decreased 1,452,000. | higher, the ranging from $6.70 | and will increase its membership in| crats ordered invest! Willys gil $6.80: desirable 160 to 220-pound ‘so; firsts, 27. Corn decreased 646,000, }to $7.00 for fine granu d. Bre Louls and the December session, Shipping Board and Aircraft con- w. th os weights, $6.25@6.60; mixed offerings —— Oats increased 58,000. ening inquiry was stimu by the Senator Brookhart, Ia., leutenant| tracts made during the war. agai he ee i: carrying packers and lights, $6.25@| NEW YORK, June 23,—Butter| Rye decreased 75,000. continued favorable weather. » of Senator Robert M, La Follette, thwarted an attempt to “ham- 6.50; packing sows mostly $6.00;| firm; receipts 8,846. Creamery high-| Barley decreased 84,000. Refined futures were nominal. ‘Wis., chieftain of the progressives, | s+ring: the Federal ‘Trade Commis. smooth grades up-to $6.15; bulk of|er than extras 43@48%; creamery = i sciatic BP Lee ag 7 LONDON, June 23-—Standard and Representatives John M. Nelson,| sion by reducing jt» aDpropriation.” all sales, $6.2508.76; average cost| extras (92 soore) 4214; do firsta 39@ William 'T. Scott was the only | copper spot. 61:28 6d; futures 62. ‘Wis., leader of the house .| “Phe investigations ordered,” Nel- Saturday $8.69 reget 264. 43; packing stock, current make No. SILVER negro ever nominated for President| Blectrolytic spot 65, 108; futures ive forces, are “more than satisfied” | 47° gaia, “will not be muck-racing Cattle—Recetpts, 5,700; very slow; | 2, 28. of the United States by a regular-/ 66. Tin spot 223, 5s; futures 223, 5a, with the success of thelr program | inquiries, but will produce profitable Fame corty. soap inetd steers and yenr:| Eggs steady: receipts 13,362: ffesh ly constituted delegate convention. | Lead spot 32, 2s 6d; futures 29, 17s in the last eession and predict that] 14 constructive recommendations. |ARSIO --r--re---m--er—— 15 tage, J0@{66 lower; now bidding | gathered, extra firsts 28% @29: do.! sew YORK, June 33,—Bar silved|In 1896 Scott was the nominee of | 6d. Zine spat Bl. its 6de futures Republicans. and s ‘number In Eeletion Contests toy. od re A 16@360 lower; killing quality rather] storage "packed 20% 30; fresh | gx; Mexican dcilare 81%, the Liberal Party. 31 108 : ‘ will align with them in eg ys ei aa cote Swerview Piesss top areas, “A060; come held gathered itirsts, regular packed $7'4 , - - - o1 ie progres ‘umberland higher; choice cows and heifers, | @2! jo, storage packed 28% @29; Brookhart "| sanction the recommendations of the % k to 1 lower; others dull:| nearby hennery whites, closely select- : with progressive accomplishments re-| Republican majority of the Blec- man as Oe can generally 10@|ed extras 39@41; nearby and nearby Now To Select the Right Club corded in the senate which he out-| tions corpmittee to unseat Represen- 16c lower; canners, cutters and veal-| western whites, firsts to avergge 4 : a ede S Se ai SARE 8s sallow: Hedges eee wratins ameehcaiat: eoeeeie ers steady; bulle, 10@15c ower;| extras 31@38; nearby hennery ree \ “With the Democrats, the progres: | sea: ir OS. . * stockers and feeders nominally browns extras 33@37; Pacific coast described by Nelson as sives put through the tax bill, with the most! Nor Pipe se<ce-c----- 84 steady; bulk butcher cows and holf-| whites extras 38@39; do, firsts to the lower income rates and more| progressive accomplishment Of th@! Ohio Oll --wereeor—--= 60% 61 | ers, $4.00@7.00; canners and cutters,| extra firsts 10@35. Proportional surtex rates. “Deadlocked the senate in the eleo- tion of a chairman of the interstate commerce committee for three weeks and then elected Senator Smith, 8. C., a Democrat, As well as Senator Couzens, Mich., progressive Republl- can as a member. “Secured adoption in the senate of group.” “Enough of our group went over with the Democrats to seat Bloom, because he was entitled to his seat. We were not willing that the house repudiate voters of Mr. Bloom's dia- triet."” Bloom was seated by 11 votes nd 7 of these were progressiv N Prairie Ol] w-eewee----~ 213 Prairie Pipe --------. 103 Solar Ref. - Sou. Pipe --. 5. O, Kan. 218 104 ewenene 180 183 5 05% 49% 50 $2.25@$3.25; voalers to packers, $8.50@9.00; “belogna bulls, $4.00 .50; heave beet bulls, $4.50@5.00. heep—Receipts, 11,500; slow; early ales lambs around 500 lower; natives, 10.50; westerns, $13.7! choice fed jambs, $12.50; sh weak; light and handy weight = * be Cheese weak! receipts 206,197 pounds; state, whole milk flats fresh fancy to fancy specia do, average run whole milk specials .24%@ 26; do, average run 23@24, OQ, ODO wnen-eeneee- 280 the Gooding resolution prohibiting | said many more progress! vi fe nent 50; feeders 25 @500 railroads from charging a greater| have voted for Bloom had it been BP. ol Se pcaduiesie O8T lower; early sales, $11.00. “ Foreign Exchange yate for o short haul ‘than for a| necessary. Republican teaders, be-|s, ©, Ind. -c---c.-ccone 66% 56% — Jonger haul over, the same route and| coming cognizant that the progres- DENVER, June %3.—Hogs—Re- ceipts, 9,000; mostly 15 tu 20c lower; good and choice 190 to 240-pound es, mostly $6.40 to $6.60; top, plainer = gi downward other clasen steady; few light lights, $6. packing sows, $5.50; fat pigs, 5 to $5.60; stock kind, $5.25 to $5.50, Cattle—Recelpts, 200; run inoly also a resolution requesting the I. C, C. to conduct a sweeping investiga- tion of agricultural freight rates ‘with a view of general reductions. “Reported from the interstate com- multtee, the Howell-Barkley Bill, abol- ishing the Railroad Labor Board. Nelson Expects Results At the December session, Nelson expects to have many progressive “recruits.” sives were prepared to register the same result on the contested election of Representative Wel ¥., according to Nelson, word on to the election committee to throw out the charges of alleged fraud, filed by former Representative Ansorge, Rep. This was done and ‘was seated by 80 votes. ‘We were buffeted by « filibuster after we forced the Howwell-Bark) NEW YORK, June 23.—Foreign exchanges easy; quotations in cents: Great Britain demand 432%; cw Dles 432%; 60 day bills on banks 430 180. France demand 530% bles 581%. Italy demand 432; © bles 48215. Belgium 460; cables 461, Germany demand (per trillion) . Holland 3715; Norway 184 2653%; Denmark 1687; Switzerland Cat COOK anpae nam ae mene n= $1.95 Lance Creek -.-.... 2.4505 calves, 185 southern plain grade dll; others moderate , i os “By the independence we haye dis-| Dill from the committee to the floor, "96 | active, fully steady; few desirable | .° Czecho Slovakian 969; Jugo played,” Nelson explained, ‘we have |‘Nel#on said,” but we expect to pass cowr, $6.65; others, $4.40 to $6.50;| Slavia 118% Austria .0016 3 spurred on some wavering Republi-| it early next session.” fow bills, $4.40 down: sqveral Rumania 44; Argentina 9275; Brazil cans and progressive Democrats| Nelson revealed that he advised strictly good mixed yearlin, 1100; Tokio 41%; Montreal 98 17-32. until it is now safe to predict that] Commander Quinn of the American .69 | to $8.75; canners and cutters mostly Ria Al lil our forces will be doubled. | Legion to muster Legion forces and $2.24 to $8.25; better grades vealers, During the closing days of the last| combat the onslaught 60 to $10.00; two loads 580-pound LIBERTY BONDS seasion, many Republicans came to| soldier bonus by Secretary Mellon. ming steers, $4.60. ™e gnd deciared they were ready to| Quinn, Nelson said, sought his ad Sheep—-Receipta, 3,00 follow our principles in the next ses-| vice, Progressive |i oming lambe; no early males; bid NEW YORK, June 23.—Liberty ston.” of times on pending Je ding lower, bonds cloned: 3%* 101.5; firat aie ore of Dem, 1601 Fi ‘o have had ¢ 102.1; second 4% 101.8; third 4%» ost raion posted thr pole tey power, but we have used it wisely. 102.1; fourth 4%5 102.8; U. 8. gov- sive group during the fight for en-| We have demonstrated to the coun: POTATOES ernment 44s 106, actment of the Howell-Barkley bill. | tt¥ the need of an independent group “It is interesting to recall,” con-| that will not be subservient to the tinued Nelson, “that when the sea-| Big Interests,” Nelson said. CHICAGO, June 29.—Potatoes: old a sion began last December, Repubil-| “Best of all," Nelson concluded, stock abo eady with little trad can leaders stood pat and dociarea| “We have come through intact and ing: new véry firm; receipts new 6: ar e OSSI they would make no concession to] the boys, were all so gratified that YEW YORK, June 23,—Call mo old 10 cars; total U. 8. shipments us, But when we demonstrated our] W® Put on a banquet before the exo-| steady; high 2; low 2; ruling rate 2;| Saturday, New 64; old 90; Sunday power by holding up house organiza-| 48 home as @ celebration of our re-| closing bid 2; offered at 2%; Iast| new 3%. Wisconsin sacked’ round tion for three days, they svon eased | °rd” loan 2; call loans against acceptances | whites $1.1°@$1.20; Alabama, Louis} NEW YORK, June 23.—Prices of up and yielded to our demands for > <a 1%. jana and Oklahoma sacked Bliss Tri.) Wyoming olle at 2 p. m. today: Uberalization of house rules and| Few Presidents of the United Time loans easier; mixed collateral | umphs $2.40@82.70; North Carolina} Standard Oil (Ind.) 66%; Boston-Wyo- representation on the powerful] States have remained active in poll-| 60-90 days 8; 46 months 3% @3%.| barrel cobblers $4.25@34.50; few] ming 81; Mountain Producers 18%; rules committee. tics after leaving the White House.| Prime commercial paper 34 @3%. _ bfancy $4.76. ¢ te Mutual 9% ;Salt Creek 24%, ! , [ See: