Casper Daily Tribune Newspaper, June 30, 1924, Page 9

cetghuamencene University Official t to. oe Tour of Oil F ‘elds : the new Unt most tes on the} American oe Ue stan eae 2 ot mine, ea) ‘A. | Manufacture of ral gasoline and it petro-| @ writer of numerous papers on that pee pi olla and C, me Reistle, | subject. chemical engineer, leave early next Mr. Reistle is to devote his time at month for a stirvey of a number of|the university primarily in the the Wyoming oll fields, according to an| study of the paraffin problem in‘this announcement mage public at the] state and will also do work in. de- state-university last week. The men | terming the life of fields through the will leave Laramie July 5, and dur-| study of the solubility of gas in ing’ the'r tour of the state will visit)" Wyoming crude-olls. “he Casp--, Salt Crek, Greybull, Lander,| The location of a federal research | Calitorn! Rex dome, Parco, Rawlins and the| department at “the “University > ian Soldier and Mahoney Dome} Wyomihg will. provide _ excell Bee eater. "Eb DWE RELI | "F: Kresge Department “Stores” moved .Bhould time permit the party | facilities for study by all univer also visit other cities and flelds.| students who binned: Coaeth Mba Smith is well known | in. petroleum . engineerin; ee his bulletins discribing the | courses in chemistry and Sinee sate Bub: characteristics of the various crude| jects will be offered at the state uni. olls of the United States and ts al versity and the new oll research 4 ce of the American Society of afford ample op-| Coca Cola SA rt ti a i 4 yeaa eee |S PON PI Chain Store Issues Again Assume Lead In Wall Street Today Central Wipe --------- 2.00 Consolidated | Royalty--.1.13 Cow” Gulcn ~-q--0055- 03 Domino - <--esee--ea- -10 NEW YORK, June 80—The up- Elkhorn ieee aoe “ ward) movement of prices in the BR. T. ‘Williams. werssen! -.35 " [stock market entered upon its: third ‘week today “with chain -storeissues 225 Nf again assuming.the leadership in op- Petroleum --.-.- a af A ening dealings. Woolworth advanced ane nnn UT ‘ |...) & point to a new 1924 top at 113 and up 1%. International © Telephone and Mack Truck also gained about a point each. Kresge and, Woolworth later lost their initial. gains on profit-taking but the advance continued in other sections of the list. American Ex- ing Material and chairman of {ta| portunity for the advance. work tn Colorado, eusl “and iron EO ett Preston : press advanced 3% points to a new committee on petroleum and petro-|the study of petroleum and * vere, wed. Bay ; high. Gains of one to two points lJeum products, leum products, $ Epnaninteg Gag 2 22ooc. ° ar ‘ were registered by Stewart-Warner, oo ga NEF 3 " General Refractories yy Depart. Senden 0 pits |Western Exploration — 3.20 - 3.40 | rent Stores, Marine preferred, Cuy- Clayton Tanks Painted Eight to ten weeks' employment will be given about 80 men tn scrap- ing and painting of the roofs of 150 tanks at tho Sinclair tank farm at Cisco Attracting Operators: Clayton. ‘The existance.of a shallow oil field a —_—— rn Utah has beer definitely i Trvine ‘structure near Douptas,| barre! well, 530 feet in depth, at ‘Wyo., Ito be tested immediately Ly |Ciseo, 65 miles west of Grand. June: the Big Sioux O!l company which has/ tion. This new field ts located direct- nearly completed the hauling of dril-| tion This new field {s located direct- Jing materials to location. Provisions/ ly upon the Denver and Rio Grande]! of the lease require work to be begun | railroad, affording an immediate out- by July 1. let for the ofl, either to the Utah Ot! Refining company's plant at Salt Ohio Hits OW Lake Clty, or to the Mutual refinery A stray sand good for about. 15}at Florence, Colo, barrels of of! daily was recently The Cisco field may prove to be struck by the Ohlo Ol! company in| quite extensive. It is located on a its test of the Coalville structure in| fold which can be traced for over 20 62-5. The struke was made at a depth of a little more than | expected-in-the near future, as wells 2,000 feet. The test is being con-| 500 to 600 feet in depth can be dril- tinued to lover sands of regular for-| led here for $1,500 to $2,000. Several drilling contracts are now in process Du Pont de Nemours” zs Y Olt. -... ni Great Northern “pta \@aiEs Create, Cons. company of Superior, Wyo. A Star|Guif States Steel -. a rig is to be used for the first well| Houston -Ot)" -...15_--_... which is soon to be started. Allinois Central ? 5 , Sgt aaae oe DRIVING IT : : 1 OH Sioux To Dri! proven by the drilling in of a 20- Kelly Springfield Tire Louisville and Nashville .- Mack Truck. ; m miles and much activity is to be| Pan American ePtroleum B RY J. ia and means they have used to achieve AT 3 = faites . ‘5 ; Western’ Explofation > 3.10" 3. I : Market Gossip and Briefs |= Sot Rr Wewtgen Ot Hee As 30 | Wada Wlraurke porto preferred dropped 2 points and nd <OURD j Schulte’ Stores and Frisco preferred ‘On Operations in Oil Fields| i= “NEW “YOR “Goi a aime nme / G phal fountain: jucers - 001 the foreign exchange market was P General Biers =: YB] Glenrock Oil swe: -83 another break of 2@ points in Dan. ; : General Motors -..--..- “| Salt Crock Pras. ; ish kronen to 16.10 cents, a loss of 10%. New York Oil ------~ Ie (Continued from Page One.) Wool Growers association. No loud- A i aw speaker is need to broadcast such a ie figure. We all have ears to hear i eH a when income is talked about, and we 4 od 7 | A a I y are ready to listen in with rejoicing. ‘The men who are engaged in the sheep raising industry in this state will meet here in two weeks to dis- cuss their problems, tell of the ways Pennvylvania success, and to construct a program for the future, It will be our op- WHEAT TRADING GION BROAD SCALE Early Prices Show Strong Advance—Rains Have Bullish Effect Japanese da. CHICAGO, June 30.—Trading in corn was on a broad scale today, with prices early showing a strong advance. The fact that further rains had fallen over many sections of the corn belt and that damage re- ports were increasing, especially from northern Tilinois, had much to do with stimulating demand. The op- ening, which ranged from | to 1%c Rgher, ‘with July 9410 to Sic was follo by a decided general upturn that ickly carried the market an much as 3 cents above Saturday's finish. * Wheat as well as corn scored ma. terial gains. Higher quotations at Winnipeg, together with unfavorabl crop conditions in Canada were re- sponsible. Oats sympathized’ with corn and wheat, starting %4 to So off, Septem- ber 45%c to 46%c, but*then making good gains. Provisions were lifted by the strength of hog values and of grain. he tn There's a dress to make your Fourth a happy one, at the Frantz Shop. Cal! the Tribune for highway tIn- formation. sows 10c up killing pigs strong 25¢ higher; active shipping demand; big packers inactive; bulk goo? and choice 250 to 310 pound butchers $7:30@$7.40; top $7.40. Cattle—Receipts 14,000; few early sales; beef steers and yearlings to outsiders strong to 25c higher; big packers resisting advance; trade now slow; about steady; top matured steers $10.75; $11.00 bid’ on prime F haem ita te 1¢, | portunity to-gain a wider knowledge ‘anc Steel 3 : ines men ih ‘| of sheep and wool production—a of being let and many operators who Repulc ron and Steel” 3 highly important factor in carrying Drill Leases do not care to enter the deeper lds Tobacco. B +1222 Yonvof the country for the” poli Righty eres of land in sec. 2:26-| flelds of the west, will no doubt enter Seaboard Altre Line -....-. 10% | now in vogite of buyiiig from who = Mad Sia veeemen van .Vie, j 213, LaBarge: field, has-been pur-| this field. land: being still available| sinner cone ~ alegre, and, manufapturesa in £787’ sore than $800,000 Is to be spent chased by the Superior Ol! and Gas! under drilling contracts, Sloss-Bheffiela Steel and Grow quentitien: toe imanadiaia, Hees: 84:14 os on fohde and Rehwhes ran Investment THIRTY-SEVENTH ARTICLE .|thé money invested? Who are the HOW TO INVESTIGATE. men tn {ts‘management? Are they £ . capable and honest; likely to “By habit most of us are salesmen, | (Parle and hanest: Ukety Phas 9 making a living by selling our ser-| company, in: which the one man is vices, skill, knowledge, time or some | about through, is not #0 good an in- form of property. Few are buyers,|/vestment as a golng organization by habit or training. Often we don't|with a number of capable men in So} Southern Rallway ‘This policy continues to bring pro- nithern Pacific Repeating. cplens Serra ning through forest reserves in Wyoming. This is not’a particularly large sum, considering the ¢erritory it must cover, And yet, year after tests from the manufacturers, but these protests fa!l On déat ears, ac- ee to merchants now hére as Gelegates to tie™ ‘Domocrattenutiona | convention. |. “I¢‘asmnan puts money on a losin fi ae iid per Wi today, or trom the Far West ww. does not get’ his money back. But | Wyom'ng. Don’t-forget to think of that whenever you feel that you have that, in effect, {s just what-some oak ti iain: kbout manufacturers *are’ “asking when re min a Pee Phere ee they -misinéze styles or public ©"! has better highways than any other * 27% tom f buy when we make purchases—we're|charge and with younger men in| United States Steel pats mands It used to be the custom for | vate in the union on the basis of ‘sold to. There's a difference betwen | training. Utah Copper 41 the western! merchant to send his Seckacattty ucoeinsene? a buying and being sold to.’ What is the. company’s. financial This observation came from an !n-| structure; that is, the proportion of “vestment banker during a causual| common and preferred stocks, deben- Pullman car chat. Sensing that his/tures, bonds, notes, etc.? Dozens idea related to the buying of invest-|of pertinent questions can be asked ment securities, I urged him on andj/on the various items of the” com: got the following: pany’s ~ financial statements, For “Four things the investor ought/example, what {s the character of to get when he buys a security.|the inventories over a period of They are the security itself, invest-| years? Are the bills receivable, that ment analysis, investor analysis and/is, are accounts owing to the com: buying help. By ‘buying help I|pany, good, or should a part of them mean the service of a qualified in-| h: been charged off ax worthless? vestment dealer will help the in-} What are good will, patents, trade buy rather than try to sell to} mark: and trade names worth? Some corporations carry such in- ‘There's a great deal of common|tangible, although und edly sense in the foregoing. I have sev-| great, values, at $1.00 or zero. Are op in, this series emphasized | the maintenance char ae ge ce of taking plenty of|Is depreciation property taken buyérs ‘or come himself to- the big ppm trade’ centers, once «ar twice gree and buy euffictent gopds: for - r ts for six “month: wore Waar ata masa ce|{LIBERTY BONDS fel not only by hi® own judgment but that of the manufacturer. If) New york, June 30.—Liberty either guessed’ wrongly, he had tol] tongs closed. 3%'s 101.18. First 4 Antic . ware fake .e-big loss. 4's 102.5; second 4%'s 101.16; third nseayrpdey Ropers Now, however, , before he in-| 43/%4 102.7; fourth 4%'s 102.9. U. 8. Continental volves a big sum, he consults the | povernment 4%'s 105-20. advice of his customers, which is ee infallible, In the ptesent state of] ror results try a Tribune Clas- the express, parcel post apd freight | sified Ad. services, there are few losses from * —_—_—— failure to have™ enough "2? Wyoming Motorway tf f stocks, and these are more ‘thart 1. re counterbalanced by the fact that } - 7 | [the merchant's shelves are no long- t [ | Y Ol». c------- 219% 21444} er loaded down with goods-he had OIL S S TO CAUSE sais to make investments. Investi-}of? What about the pay fund, Prairie Pipe. ---------- 101% 103 | paid for or must pay for and which gate as far as you can. If the in-|{f any? Is the trust Indenture, or vestor has time and experience he| mortgage. properly; down to’ safe can himself analyze the securitiles|guard the investor properly? cannot take the time or lacks ex-|the many questios a conscientious perience, he should seek expert ad-|investment banker asks before he pal elements in investment anlysis;|ers. Frequently it requires months period of years? What is the na-|t ture of the business, its past andj}such an analy: future? How is competition in that e all ite bendfits by selecting the line of business? Has the enterprise|right kind of investment “bankers. sufficient property to secure a loan?|(Mr. Hughes’ thirtyelghth article Is it conservatively appraised? Is| will appear in the Tribune next Wed- the company earning a fair return on! nesday.) |Commodity Trade News Toilet Preparations. ing ot rig fron recently making. a SEATTLE, June 30.—Dealers and | strong contrast to inactivity which manufacturers of couenahiee gen prevailed for months. Valley foun: that Broes tales to ee 18 per cene| ay fron under competition 1s. down larger than’ in 1923. Dealers esti-|to $15.50 valley and $19 could be mate business women on fair sal: | done. beauty aid purchases Wool. oe: 910 -auanentt.> f CHEYENNE, Wyo., June 30.—An average price of 34 1-2¢ has been Steel. realized by Wyoming wool growers PITTSBURGH, June 30, —There|on clips estimated at more than sib lieen further and heavier why-| 500,000 pounds. CHICAGO, June 30,—Butter low. mene, 88%. Standards MONEY Gara tists 37@08: firsts 3% 4 33@34 Eggs un- supervisors }iaw been’ sent*by the|turers sey, the viscitudes which] in the bce are mln | 21.766 cases;]| NEW YORK, June 30.—Call money | Governor General of Taiwan (¥or-|even the best manufacturing has to firets 25@26%. Ordinary firsts 23% | steady; high 2; low 2; ruling-rate 2;| mosa) to investigate the elementary| face, Their troubles are being mul. schools of the Philfppines. It is @24;.storage pack extras 26%; firsts closing bid 2; ‘offered at 2%; prime ? % vice. Here are some of the princi-/ buys an issue to sell to his custom- Sor ake 61% 61% part of the manufacturer's Say we are considering a corpo-|to answer thers That is what is| 8. P. Ott ration bond—what is {ts record in|meant by ‘:vestment analysis and|'8. 0. Ind. -_ earning and management over a ps investor, although he has not/8. P, Oil — expe: 8, O. Ind. Y shige es ogre at braks oat 5 . Gepend more and more upon the Cause Flurry sonberst “eee esceetensesciwes- 1,06 [controversy was outlined by a ‘ be rp Hamilton Dome ----+--e—e+--'1.40| ment mado’ by §. B. and B, W.; Dorse haw been: stolen Ferris Byron .---.--~<«. Notches ----------------- eee - md “Pilot Butte’ ~--------..-------. 110 Lander ~.-.----~-----. Cheese steady; receipts 67,623) cont netweon tho years 1921-22 and|net profits In 1917 when pales, were prices unehanged. 1923-24. This progress is atributed | but $5,679 896. In 1920 rales were to health education training afd in-|up in both 1921 and 1922, profits \ struction for malnourished chil-|in thoh years were over $1,000,000, aren. but last year, with sales of $7,085,770; ] in the midst of flush production, Ref. .--.---. Pipe -----------. 180 his batrone will not buy. i [eat | NO. INDUSTRIAL UPSET 8. vs Kan, turer misjudges the public taste, it he contemplates purchasing. If he] The foregoing are only a few of/ gs. is his aistake and he must stand the, consequences. Under the old the retailer was forced to Neo To -cecnwbecnn sd, bet_and stand a part of tho Joss whether he wanted to or not. parts of the couhtry are coming to services of a resident buyer in cit- ses like.-New York and Chicago or ; are making more frequent trips to BY J. C. ROYLE id igether ade eheagy Momiforl (Copyright 1924, Casper Tribune) i oe Seca ved ain, | NEW YORK, June 30,—No atrik- lar opinions,, declaring .that the | '9& effect on the crude oil or gas- whole country was being knit more { line situation is anticipated in that Closely together by the speedy dis- | industry as a result of the sult filed tribution of ‘business and fashion] by Attorney General Stone against news which thad made it impossible | fifty prominent oll companies “to for manufacturers to unload on mer-| restore competitio: according to chants in distant sections goods | the oll men not included in the suit. which had proven “stickers jn lo-| They take the attitude that that the eallties teare:-.the factories, attack on the pooling of cracking f of the | Patents and agreements régarding Kehisathet. sty Snack ill ined | xame is locking the stable after the we wecewereen ences 1.10 ‘ow processes ‘for production of gasoline are belng developed con stantly, they claim, and in some in- stances by the ‘time sults for in- fringement have been tried or set- -anenere-n--- 1,65] Floieher, Inc., of ,Bhiladelphia, one - 1.98 of the, largest manufacturers of hand and m ine knitting yarns in the country, This statement shows that the sreatest net sales of the | sing, the pracess involved has be. : company sirice 1909, “amounting tol come obsolete. As, to restraint of Malnutrition cases im the elemen-| $5,69 which, yielded net: profits | Sroduction, ft has proved almost Bridgeport, of 8 ‘This ‘latter amount waa l impossible to control output during finore than $200,000 less than the] tne inst two years cd Many’ of the big corporations attemptéd to hold yn. producion in California when the Santa Fe Springs, Huntington Beach and Long Beach pools were oe the profits amounted to only $5,384. ] but* without avail, Avparty of! téathers and <school] ‘Such figures indloate, manufac-| Recently, » meeting of producers ‘Tonkawa figid of Oklahoma W. Marland to nm to restrict pro- prices Only was called by E discus a shut do’ duction and impro tiptied by refusal of the retailers to 26. commercial paper $4 @3%. expected that the knwwledge acquir-|order their requirements In advance. | ¢ company sent a fepresentative ty tet MN ed on thé trip will contribute large fellas banister to tho meeting. EW YORK, June 30.—Butter un- ly to the development of education] With the assistance of the Bow-| Stocks of crude ofl are heavy. to. settled; receipts 600; creamery VE in Talwan. ton University School of ‘Religious| day and storage space is crowded than c; cream- SIL Sree Bdueation ‘a week-day — réligious | in spite of tremendous construction Bigeet the enras Sree R progres which have added large ery extras 92 score 40% @40%o ditto, core) STM @d0e. ee etitn:: recipe <$.088. Prices| . NEW YORK, June, 10—Bar silver 65%; Mexican dollars 50%. sified Ad. For, results try a) Tribune Clase | school ha: been » established at . Malden, Mass. © Cinasen’ meet four/tanks and reservoir in various afternoons for scasions ond houf In| sections of tne country in the last lerigth. year, Total domestic output pf oil LER ESR TEE ED 8 tT? ? Wyoming~ Motorway f 17 Government Attack on Pooling of Cracking pirat merchants, in. other Patents and Agreements Fails to weighty Iowa red bullocks; yearlings in broad demand; desirable beet heifers and better grades grain fed cows 10 to Ife higher; spots more. Sheep—Receipts 17,000; active; fat lambs fully 25¢ higher, spots up more; sheep very scarce; odd lots strong to shade higher; scarcely enough to make a market; feeder lambs steady with Friday's late 25c decline; bulk desirable fat native lambs $13.00 to $13.25. —————_— For results try a, Tribune Clas. sified Ad. —— Finland's representatives in the great Olympic Marathon will all be seasoned; veterans, whose ages ap proximate to that of Clarence de Mar, who at 36 years Is the chief re- lance of the American team. Kyro- nen, whom the Finns regard as the likely winner, is.32 years old. The Kolehmainen brothers, who also will be members of the Finnish teams, are between 45 and 40 years of age. pain ais i “al This is Dress Week at the Frantz Shop. A thousand pretty ones to nelect from. —»—__— For resulta try a Tribune Clas- sified Ad. de SMA EES Cal the Tribune for highway in- formation. in Business. has recently risen toward the 1,980,- 000 barrel a day mark and is about 4 per cent higher than in the first quarter of the year. This has,come about in spte of the fact that the downward movement in prices has been gaining momen- um, Since storage capacity is Umited and producers refuse to re- strict production, there has~ been nothing, else for refiners to do but turn a very considerable. quantity of crude into gasoline and other re fined products, This has been fol. lowed, by. a reduction in gasoline prices of as much as two cents a gallon {n some sections. These facts, off men my, will be fac more potent at least in the near future, than the sult just filed. The demand for gasoline at pres ent is somewhere near’ 20 per cent greater than last year, but produc tlon, it is claimed, ie atill exceeding consumption. In addition, tf is known (and this was exemplified by the type of motor-used in the In Gianapolia races) that the trend of motor engine construction Is toward the high-pressure, small cylinder, high speed type in which the present type of guncline produced under the eracking process does not work par tleularly well. Development 6f motor Tuels, there fore, seems at present, away from the eracking pas and t somo. system which will produce ‘a higher grade motor fuel, cheaply In this connection, the Linton] process has been been under inves tigation by several large len. In this process, pre heavy crud ix’ allowed to flow by gravity over heated steel plates. in| such a manner that each fraction CHICAGO, June 30:—Hogs—Re-| the distillate so produced will give| its ver ceipts 53,000; fairly active on destr-| far more efficiency than gasoline| engines of some typ: able grades; 10 to 15c¢ higher; light] produced by cracking, which latter| ders at the large ship orders weights show full advane, packing| process involves presfure and that|as Cramps and Bethlehem also ‘yr Cerchostovak Rep. 86 Ctis Dominion of Canada, 5: French Republi ? Aingdom of AL tom of Norw . ‘ : Rep. of Chilo, 86, 1946 103% 103% rg State cf yueansland, 100% 1 104 Unk, of G, Be 1, 3% 100% 100% 100% Railway and Misccilancous American Smelting 5s ~------.~---.. American Sugar, 6 -—n0--0------. American Tel, Col, tr, 3 --ee---=---- Anaconda Copper 7a, ‘1938 .------2 ok. Anaconia Copper 6s, 1936 ..-----......... At. 7. and San Fe., gan. 4s -..~-_--------- Baltiniore and Ohio, ov., 446 -—------------------- Bethlehem Steei con., 6, Series A .——-.. Canadian Pactic deb., Great Northern, 7s A neeee nan =---—— === “Montana Power, ‘Ss A-~~-.------------—---—--—-— Northern Pacifid ret, €8 (Bo 2. enneennemee Northwestern Bell: Tel, 18" --a——oese-smennenen— = Pacific Gas and Bleotrio nae ee + -----—--- Penn. BR. R. gO. 68 ——nneennmeeeeneencnne mans Ginclair Con. OlL, COM Th cececeeecenennnncnnnnneee uthern Pacific ov., 4s ee eenn nano 2 =~ Union Pacific first 48 . ---neenr-=s. U, 8. Rubber 6 Vian Power Western Unton 6% .. Westinghouse Electric Wilson and Co., cv., 6 of the ofl is subjected to some tem-! rroducticn of motor distillates are perature higher than its own boll-jin process of developn ing point, but not under pressure. large companies and individual in. ‘The gases so released are then led | vestigators. into a condenser from which the} !The demand for fuel off also must motor fuel flows. This process, it| be considered in cortnection with the ent, both {s asserted, is not a cracking pro-| production of gasoline, in view of cess,-but one of isomerization. the determination of the shippir & It is claimed by ite sponsers that| board to equip a certain number ola with int comt Recen it can be produced at far less cost. | dicate that the motor driven vessel A’‘number of other processes for!is coming into more gs 1 x — Exploitation of Children Members of the executive board of the National Women's Trade Union League of America which, at its convention in New York, planned to fight exploitation of women and children in various industri A mov ment was launched also to organize millions of women workers—particu larly those of the South. They are, left to ri Miss Agnes Ne: Chicago; Miss Pauline Newman, Philadelphia, and Miss Ethel Sr Washington, D. C. youll know TUESDAY | ~ CASPER BUICK CO, Bathrooms Yield Twofold Benefits Two important advantages result when a modern bathroom is installed in a home. First: The bathroom provides opportunity for the healthful practice of daily bathing. “A bath-a-day keeps you fit every way.” Second: A modern bathroom increases the propert value, far more than the cost of having it installed. Houses that have modern bathrboms rent and sell for more. A complete modern bathroom with its built-in ‘or at tached shower, medicine cabinet, bath stool fixtures, (towel racks, tumbler holders), is a cx venience worth many times its cost In t ! proves to be the room, of all, most comfortable | Ask us to show you plans for complete mod ing facilities in your home. t the whol enjoy the healthful practice l ern fixtures—a complete chased for less than the cheape Write, phone or call fo» particu Schock?lumbing & Heating 0 Ine 859 East Second St.