Casper Daily Tribune Newspaper, June 25, 1924, Page 7

rte inivnies Wh Besrrertt Picrapek Share From Govecsinean't 30 Asked by June 30 Instead of Held Until Late in the Year. June. 25.— . Snyder has returned from Washington, D. phe he and United States Senator B. Warren of Wyoming took up with nthe Department of the Interior ® proposal that Federal oil royalties accruing to the State of Wyoming up to April 30 be paid to the state at the end of the fiscal year, June 30th, instead of being held, as has been the custome heretofore, untfl September first or later. The Wyo- vities A gereetig exhaust- oe Ss, , Midwest Strikes Gusher On Iles Structure Near Craig Field, Is Report Enter, Colo., June 26.—Shale Produ amounting to close to @ 600 ‘Is daily is reported here to have been encountered by the Midwest Refining: company in its test of the Lies structure near Craig, Colo. The shale stratum was struck at 1,322 feet, according to the in- formation received. It is further reported that the rig will be skidded to another location nearby a the shale of] from the Everyman’s Investment It ought to be self-evident that the ordinary investor needs expert advice in the choice of securities. As @ matter, of fact people who would not dream of acting as their own jawyer or physician consider them- selves fully competent to invest hard earned money on their. uwn initiative. Even if they’ take ad- vice. phd are willing to listen to Someone. Pe better informed rs Leas Advica of this = kin be given in pérfect sincerity and. ‘with the best intentions in the world anf yet be very bad advice. The business of investment . de- mands rane ot be ane yes fence. It cannot Jearn: al ‘week or @ year. A hundred consid- erations enter into the problem of 1st will be $3;427,358.56; ~ As a result of the earlier payment, tee highway it, the vof, which have been, depleted i emergency 9.00 10.00 03.046 01% 02% wannlT.75. 18,25 Royalty & Producers ~ .04 06 Sunset _ — wane= 02% © .03% Tom Bell Royalty. =--. 03... .04 Western Exploration --3.20 3.30 Western States ----. 14-15 WyoKans .-...--... 90 1.00 ¥. on SUEY TF ae | NEW YORK CURB CLOSING Mountain Producers Glenrock Oil ‘Cuba’ Cane Sugar, pfd ------ Davison Chemical Du, Pont de Nemours 35 23.25 23.50 115 > 8.26" 61.75 62.00 222252209,00 210.00 ----—=-102.00 103.00 ELA oe ee re |) for the new. well.) The test was sptidded in not Jong ago, <A. pocket was nicked last. week at. feet, casing later -being Fun ‘and. Set at 1,017 feet. “If the shale picked, up ts. the. es in that was:productive for the Production company in’ the -nearby Moffat fleld tast-year, then the. pay |: sand should be struck from 700 to 800 feet shallower ‘in. Iles.; o.-T buinasiceeithe =e OL ISSUES ARE GIVEN SETBACK $ |Plurry Developa.o on News of Anti-Trust Suit; Stocks Higher™ : NEW YORK, “June —BStock prices’ ‘moved to higher ground in today’s market déspite’a temporary flurry -of’ selling “in the olf. group based on the filing of the govern- ment anti-trust suits against a score of ‘the leading of! Companies. Ralls again gave an {mpressi demon- stration’ of strength, more’ than a dozen issues taining new rpak prices’ of’ thie year. ‘Sxles approx!- 45%4 |mated 875,000 shares. ———} » NEW YORK, June. 25.--Stock rit fluctiiated unevenly at. the 18% | opelting of today’s market, reflecting the indecision evident in yesterday's: trading. Variations weré exceeding- ly ‘natrow, With most stocks show. ing” only small ‘fractional “changes. Chesapeake and Ohio, Bethlehem Steel and Sinclair moved lower, but Fleischmatin, reachéd a new 1924 high ptice. . Apathy of the principal market {nterests dulled the edge of trading although differences’ of opinion among Speculators were indicated by) the ‘churning about of various stocks within narrow limits. Tobacco shares reflected extensive realizing, Schulte dropping two. points and Tobacco Products a point. Railroad Middle: State: Missouri, Kan & Tex. -----. Missouri Pacific, pf ---. you because he’ has a larger. capital. Ho may have a. diversified lst of Securities that you, lack.- ‘Equally true is it that-the choice of a time for any marijonien investment important as:the ‘veatment. itself. . affect investment Pat By r very, slowly but they do change apd the fact that it. eaeltie to buy.some one .security. a sear Pas does. not insure guint eee it tl purchase. is made today. Now the person’ qualified by_ train- ing and exper! to, give advice on investment matters, is ‘the’ {; ment banker, anvexperty eee works saree! eld from ig the ommercial may be a good purchase for your neighbor does not necessatily make it a good purchase for you. He may be able t6 take a larger risk than: S. Cast Iron Pipe -_—-.. . Ind. Alcohol —-.. United | Stat Rubber United States Steel Cotton. ATLANTA.—Farmers are meking good increase in gasoline .end con. sumption, according to 140 refineries m valiant fight to make a cotton/and gasoline stocks have dropped| Utah @opper -.. crop this year in the face of heavy|four million gallons to 18% WeStinghouse Electric Eee emcee netier abcwing. thas obstacles. Stocks of boll weevil/in the last week, Wlys-Overland — indus: is, y. Northern preferred and New York. Ontario and Western reaching 1924 ‘peak prices... Cuyamel Fruit rallied 1%. No transactions in United States Steel were recorded until the end of the first half hour. Foreign exchanges opéned steady. * The closing was firm. Before the burst ‘of selling in the of! group had subsided, a renewed demand de- veloped for the high grade rails, New York Central and Lackawnn! assuming the leadership of the ad- vance. Active short covering de- veloped n utler quarters just before the clot American Can and Bald- win making brisk recoveries. pit on eh ies Store Lots ehemicals are stored in every com- munity to be used after rains have washed the insecticide from the Woolwerth sugar cane crop, which was one of the most backward of this section, is beginning. to” show improvement ith weather. : wilf save.a portion of it. estimates place thé amounts inst wheat which will be brought to-this terminal at thirty thousand cars, a new high record. The. quality is the best in five years. Fruit, 'A.—Florida watermelons necessities -of life here is advising all householders to buy thelr winter coal immediately stating that. prices usually become higher and that pur chases now would obviate ratlroad congestion in the fall. Vegetables. DENVER.—Preliminary est{mates of the cabbage yield of Colorado indicate about 4,200 acres planted, Sedgcreens ck; ahaut/T28L RP, OH from 1923, CHICAGO, June 25.—(U. partment of Agriculture).—Hogs— 25,000; steady to strong on desirable grades; others slow, stead, good shipping demand, big packers inactive; bulk good‘and choice 250 to 326 pound butchers $7.00@87.1 majority 170 to 225 pound bulk desirable 140 to 150 pound averages -$6.25@ say Packing sows largely $6.20@ 36.40 ishter pigs about steady; bulk ‘better strong weight 5 $6.70; heavyweight $6.90@$7.1 Medium weight $6:80@$7.10; lNeht- weight $6.25@86. ight Nght $5.35 @86.70; packing hogs smooth $6.25@ $6,565; packing hogs ‘rough $5.90@ $6.25; slaughter pigs $4.75@$5.75. Cattle—Recetpts 6,0 and yearlings and fat she stock more acti strong to .16c higher; spots More’on desirable weighty steers, 2.60 | suitable for shipping purposes; large: ly*a cleanup market; state kind from early in the week rly numerous; steer run included several loads good to chalice bullocks; good shipping de- mand; some long fed Towas held around $11.00; bulk fed steers early $7.50@$9.60; bulls weak to 100 lowe: - TULSA, Okla.—There has been a for the clearing house figures in part. The pack of small fruits in Oregon and Washington this yéar will be far below normal, | Strawherries, ” berries and black’ jes were..hurt. by April frosts i gow reall of pan Pears were si SEATTLE—Retall merchandising operations here so far this month have shown a most satisfactory in- crease over a year ago. Statements to this effect by merchants are back- by scaring bank clearings which the last week have been nearly 45 per‘cent above the corresponding | eastern Washingtan's primes period "in "1920, a boom year, Heavy | likely to >e fifty per cent below "Pat lumber shipments are. responsible | of 1923. Hamilton Dome -~......—~-.- 140 Ferrig -..-~.--<---2-. 1,65 Byron --.---~----------------- 1.98 Notghee .. os Pilot Butte -.-.-_-..-. 1.10] best heavy bolognas around $4 Lander. ...-..---..--------.. 0] less desirable kinds | $4.40$4.6' “| veaters uneven; geherally. steady to METALS 250, higher; outsiders taking bulk of desirable veal calves at $10.00@ $10.25; few $10.60 and above. Sheep—Reéceipts 9,000; fairly ac NEW YORK, June 25.—Copper, sulet; electrolytic’ spot and ‘futures, {2% @12%. Tin firm, spot and tu- ‘tures, 43.37. tive; quality of range lambs general , Tron, steady; prices unchanged. ee homa interests. As soon as the block Js procured @ test of the area is to be made. Associated Moving shown by the Associated Oil) com- pany in moving equipment and ma- terials to ita leases in Baxter Basin fleld near "Nock Springs. ‘The equip: ment is coming in from San Joaquin, Calif., and is being sent to) sections 23 and 26. SILVER cusing ‘is being get in the Guernsey test well near Guernsey, Wyo. This is a now test being put down by the Foreman interests of Detroit. Leases Being Signed. Expectations /are that’ leases in a solid block of 20,000 acres on Wheat: fat lambs weak b0e lower; sheep scarce, at: feed- ing lambs prospects atéady; no early bulk dostrable, native lambs low $13.76 @$14.00; good Idaho averaging around pounds land Flats near Wheatland, Wyo., - ‘ largely $8.00; will, soon be signed up by A. F, NEW YORK, June 25.—Bar ail- For results try a Tribline Clas. twos and aged Schofield who is representing Okla-| ver, 65 Mexcan 50%. mtied Aq Pe ae Pe ~ w eh H hRed Cross office where assistance Thelma Parkinson, 25, Smith Col- lege graduate, has become political boss of Cumberland county, N. J., and thus became New Jersey's delegate-at-large to the Democratic Convention. RED. GROSS. 0 OFFICE 10 BE OPEN NIGHTS FOR ER-SERVICE MEN'S AID After July 1 the 1 the Tocal Red Cross office in the chamber of commerce building will remain open evenings until 7 o'clock in order that ex service men working during the day may be able to make application for inclusion Under the adjusted com- pensation act. Request is tade that discharges be brought to the will be given in filling out the appli- cations. -It-is hoped that ex-service men will be prompt in placing their claims ‘for adjusted compensation. ——— LATE FLASHES CHICAGO, June 25.—Several per- Bons wert injured when ‘the coping on the roof of a small hotel building at West Vanburen and South Wells street,. in the downtown’ district col lapsed. NEW YORK, June Associated Press) véd on District Attorney Hayward today requiring him to appear before Federal Judge Knox this afternoon and show cause why he should not seize all liquors aboard the Cunard liner Berengaria, scheduléd to” sail for England today. | The order, issued at the request of Captain John F. Milliken, secre tary surer of the Neptune as- sociation of masters and mates, was vaid to be the first step toward a designed to test the validity of | nt liquor treaty with Great ca the r Britain. “| sald the present Livestock AND QUOTATIONS ot LEASED With PRICE AGAIN Purchase of Argentine Crop for Import Fails to Halt Demand CHICAGO, June 25.—Predictions of more rain in the west, together with crop damage reports, especially from Illinois, led to a: rapid’ early advance in the. corn market today. July delivery jumped to 91%, going above 90 cents for the first time this season. September also made a new top record. One of the fore- most crop experts of the country outlook for corn was desperate, without parallel in the experience of a grent many years. Additional sharp upturns were scored later, notwithstanding re- ports that Argentine corn had been bought to come to New, Orleans, New York and Montreal. December and other months surpassed the sea son's bést previous quotations, July delivery at one time showing 5 gain over last night. ‘The close.wa unsettled, at 1% to 4%c net Advance, July 93% to 93%, Corn opening prices, which varied from ‘unchanged ‘figures to %c higher, with July 89%@90c and September 87% @88%c, were fol- lowed by a ‘swift irregular advance with numerous temporary setbacks, Buying by cash interests and’com- mission. houses tended later to up: hold values. The close was firm, at the same as yesterday's Anish, July $1.14% to $1.14% and September, $1.16 to $1.16%. Wheat and oats responded to corn strength. At first, however, better weather northwest, including Can- ada, had a transient bearish influ ence on wheat. After opening un changed ‘to %c lower, July $1.13% to $1.13% and September $1.15% to $1.15%, wheat prices rose all around. Oats started unchanged to 4c up, September 43%c and later showed decided general gains. Provisions were, firm, sympathiz Ing with corn: CHICAGO, June 25.—Grain clos: Wheat—July, $1.14%; September, $1.16; December, $1.18%, Corn—July, 93% 91%c; December, 7 Oats—July, 504 44%c;. December, Lard —July, $11.07, Ribs —July, $9.97, Bellles—July, $10.55. September, September, $10. September, $9.85; September, $10.20; September; _—_—_— Butter and Eggs June 25.—Butter, low. y extras, 39%c; stand irda, 194e; extra firsts, .38@38%e (irsts, 3618@37%e: seconds, 34@ iges, lower; receipts, 17,285 cases; “e@ ordinary. firsts, storage pack extras, 4 rie. NEW money YORK, steady; high June For results try a Triburie Clas. sifted Ad. \ closing bid, 2. Prime 3% @3%. ing rate, 2; commercial paper, “Skofflaw” Statue Squelched This is the statue of Father trouble. Pla Knickerbocker that caused all the 4 above the Hotel Astor a» a welcome sign to Democratic ditional figure holding Convention visitors in New York it showed the, tra a huge stein of beer—real, frothy beer, such as symbolized hospitality in the Knickerbocker era sands were shouting “skoffinw” a Jeclared a symbol of wet revolt. rather lote his good right arm than arm, and in place of the stety now Picture. shows, ~* <~ But forms of hospitality change and #o thou, ms they passed the statue. It was Father Knickerbocker said he would his stein. And so they sawed off his stands a formal “Welcome”=—as tho meet WY ee PT ee All Markets CORN JUMPS IN Radio Problems of U.S. _ Emphasized By J. 0. ROYLE (Copyright, 1924 The Casper Tribune) NEW YORK, June 25.—Millions of radio fans in this country turned in on WJZ and WEAF today to listen to the Democratic national conven- tion. At the same time nearly all of the three thousand radio equipment manufacturers, one thousand distri- butors and twenty-elght thousand dealers, began to ponder over who ought:.to pay for broadcasting whether they should. be allowed or compelled to pay or whether, in the event of the killing of the goldern goose which yielded sales of $350,000,- 000 last year and is expected to yleld $500,000,000 in 1924, It is estimated that there are now in this country between 3,500,000 and 5,000,000 tube sets, and 7,000,000 crystal sets. Interest of owners of this equipment was built up gradual- ly and with effort and expense, It is realized it can be killed far easier than it was aroused with consequent detriment to the industry which pro- vides employment for some 250,000 people, provided broadcasting is not properly systematized and regulated. There are present a few more than 550 broadcasting stations in the United States. Those operated by municipalities, educational and re- ligious.institutions have their broad- casting expenses met by taxes and funds raised by members. News: Papers operate about fifty stations. The viewpoint of the commercial concerns which operate broadcasting stations is the advertising viewpoint, but so far neither they nor the news PAGE SEVEN. by immense Growth of the Industry, names for fear of killing interest in the alr entertainment. Public service — corporations, through inter.ngreement, ate mak- ing a charge of $10 a minute for time in the air. Should the broadcasting of the New York convention equal or exceed ‘in success that at Cleveland it would indicate that entertaining programs of other sorts could be put over to a huge audience and time on the ,air might become worth far more than $10 a minute. Radio enthusiasts say, however that a clear line must be drawm as to the amount and kind of advertis- ing and publicity of propaganda to be promoted as differentiated from ed by soaring bank clearings which program. Radio equipment manufacturers are not specifically worrled as to who shall pay for their broadcasting station# and expenses, for broadcast- ing is their form of salesmanship. Most of the smaller stations are operated by individuals who are car- rying the expense in the-hope some way will be found of producing re- venue which will make their plants profitable. The expenee of most of these runs from. $100 to $500 a week. It costs an owner therefore from about . $5,000 to $50,000 a year to operate a broadcasting station. Up to the present nearly all the enter- tainment talent employed has given its services free: But this arrange- ment is. becoming less satis The "publicity lure fs not sufficient to attract artists of tho highest class and there is a general feeling that Papers have found it advisable to do much more than announce their the performer {s worthy of his hire as well as the laborer. M’AD00 AND SM BY DAVID LAWRENCE (Copyright, 1924 The Casper ‘Tribune) NEW YORK, June 25.—Every con- vention has, in the back of its mind one)thing—how can the prospective candidate win if he is nominated? ch of the two leading candidates the Democratic nominatton—W' jam Gibbs McAdoo and Govérnor Al Smith—depends on two opposite for- mulas for getting enough votes in the electoral college. It is the strength or weakness of’McAdoo or Smith, according as you view. their chances. But mingling with the delegates even at this early stage of the game one encounters the statement on the part of the Al Smith managers that he would win by a combination of eastern states, plus the solid south. Mr, McAdoo managers reserve the right to alter thelr formula, depend- ing on whether Senator La¥Follette, of Wisconsin runs or simply, re- {rains from supporting the Coolidge Dawes ticket. Here is the way the Smith people look at the electoraj table if the gov- of } York who has twi rried the Empire state, is the nom- inee of the Demochatic party and if, on the ticket with him is some west- fo ernor erner of appealing strength. lik Charles Bryan, governor of Nebra: ka, and brother of Willlam Jennings Bryan: The smith supporters do not con- cede that the west would be forfeited. On the contrary, with a western man for vice president, they think many states would hook on, but they insist that the west put together does not count as much as the sure states of the populous east, where Al. Smith ts popular, ‘Turning now to the McAdgo camp, one finds that the managers are ap- plying two {deas—the vote as cast in the #16 clection if LaFollette does not run on a third party ticket, and the yote as cast in the 1912 election if Ta¥ollette splits the Republican yote by running as an independent Republican. With LaFollette in the field, the McAdoo managers would coupt on thelr favorite carrying the stafes like Michigan, Indiana, West Virginia, Illinois, Oregon, in addition to many western states, “I bellev aid Thomas B. Love, the Texas leader,” that McAdoo would carry all the states Wilson dia in carry, 1912 and that LaFollette would the Roosevelt states of that Roper, of South Carolina another ardent McAdoo man, believes that if Lalollette does not run, the McAdoo vote in the electoral college be the Wilson vote of 1916 plus Michigan, Indiana, Ili Virginia and South Da Minnesota, nois, Weat kota # There 14 no question as. the conven assembles that McAdoo and Smith lead the field and that the other dozen candidates are hoping for a deadlock so that one of thelr numbers may be nominated. The first of the “dark horsea” ts John W. Davis, of West Virginia, tor mer ambassador to Great Kritain, who appears to be almost ax» atrong in the ranks of the Smith delegates as he is among the McAdoo suppor ters. He has more second choice votes now than other man in the convention, The managers of McAdoo and Smith are of und, of course tlon aware ure fighting. vig nat the idea that ud be anyone nominated but thelr tt favorites. Nevertheless oom for Davis grows daily The contest over the platform promises plenty of oratory and de bate, ‘The three main points of con tention are the planks relating to the League of Nations, light wines ITH DEPEND ON DIFFERENT FACTORS IN VOTE COUNT IF CHOSEN FOR RACE before the balloting for president and vice president begins, which prob- ‘ably will be next Thursday, the kind of platform accepted by the conven- tion will in a measure indicate the kind of candidate who will be chosen. The fight about the Ku Klux Klan seems to center on whether that. or- ganization should be named and spe- cifically denounced or whether the denunciation should cover all organ- izations given to taking the law into their own hands, As for prohibition, Woodrow Wit« son sent a light wing and beer-plank into the Democratic national conven- tion in San Francisco but it was not presented by his spokesmen. It might be revived here, On the League of Nations—there are two schools of thought—those who want an unequivocal declaration and those who think whatever is said should be qualified by: the general observation that nothing would be done to limit the sovereignty or inter- fere with the independence of the United Sta Here is a frock Paris never of, the apparently the plain blouse kirt that gives of draper and affords an uneven hem Ii hich is more graceful than the regulation round effect, This is mage of alternating bands of rose-colored satin and motre of exactly the same tone, The differences In texture relieve the monotony of plain color and give a very satisfying effect. The heeme to tir le f and wrap nd beer, and the Ku Klux Klan. In asmuch as the platform ts adopted jblack hat is faced with rose coloved ‘satin, ee a