Casper Daily Tribune Newspaper, July 13, 1924, Page 15

SUNDAY, JULY 13, 1924. PUBLIC UTILITIES SOUND INVESTMENT S Says Roger W. Babson, Statistician, in Dia. sing Strength and And Traction Securities, FRABSON PARK, Mass., July 12. —The recent strength and popular- ity of certain public utilities has brought this group of securities to the front in the investment market. ‘The statement on the outlook for power and traction issues, made to- dev by Roger W. Babson, the stati: lclan, is therefore of unusual in- terest. “Twenty years ago investment bankers were booming traction se- curities,” says Mr. Babson. “Today this group is in the background and power and light issues hold the cen- ter of the public utility age. Fundamentally these two groups are affected by very @ifferent fac- tors and their fortunes under any given combination of fundamental business and financial conditions are vastly different. “The power and light group en- joys three distinct advantages as compared with tractions and rail issues. Labor, a large item in the operating costs of railroads and trac- tion properties, is very small (in light and power plants. Wages are not a factor and increases in payroll make no particular difference in earnings. The fact that labor has not been deflated to any appreciable extent since the War and post-war boom has handicapped all rail and traction properties, in fact, has wrecked many of them. Light and power companies meantime have e1 joyed a jdecline in operating costs due to the deflation of commodity prices. “Closely allied with the wage problem is the question of service. Here again the ght and power companies have a distinct advan- tage over the ratlroads, both steam and electric. The president of a light company, for instance, .can press the button in his own home and can tell from the service that e himself is getting just what prac- ‘tically everyone in his district is re- ceiving from his company. His in- stallation, repair and complaint de- partments are relatively small and can be closely watched. He can know that everyone of his customers is getting courteous and efficient service from the company. <A rail- road with thousands of station agents, freight handlers, and train- men constantly, in contact with its publi¢ has no assurance that it is rendering the kind of service that the management may earnestly de- sire to give. A single employe through his thoughtlessness or care- lessness can make enemies for the whole system. Tractions suffer the same handicap to a smaller extent. The problem of creating and main- taining good will is extremely dif- ficult for, railroads and tractions and relatively easy for Ught and power companies. “When potential markets are con- sidercd, the average power and light ¢ompany has much more room for expansion than elther of these other groups. We are using but a small fraction of the. potential power. New hydro power sites can be de- veloped and output can be increased to take care of an ever expanding demand; while the new mercury boiler presents wonderful oppor. tunities in connection with steam power. The late Dr. Steinmetz. when visiting the Babson Institute last summer, desctibed a relatively simple method of construction which would allow the average home to be heated economically by electricity. Within the next twenty years we may geo this done on a large scale and if so the power and light com- panies will be called upon to supply heat as well as light and power. “Railroads will enjoy an increase in freight traffic as population be- comes more dense and as the volume of general business increases, but they have no such field for expan- sion as that open to this favored Stock Gains Are impeded Profit-Taking Sales By 4 NEW YORK, July 12.—Reaction- ary tendencies and failed to bring any material set- backs in stock prices at the close of a week featured by irregular ten- dencies and many interruptions ip an upward movement started the week previous. Bullish demonstra- tions in the public utility shares were continued but general mov ments were impeded with today’s trading of a character witnessed throughout the wWéek., Although it is generally agreed that political considerations will enter into trad- ing during the summer and fall, the breaking of the Democratic naps, tion deadlock failed to exert a no- ticeadle effect on the exchange. The week was featured by trade 4ws of a mixed character. Some buying was encouraged in the steel group -by reports” of the United States Steel corporation showing a decline in June of 365,584 tons in un- filled orders. While June earnings statements of the railroads were disappointing this was offset in part profit-taking | ! Finance Position of Power class of utilities. Tractions have suffered a decline in volume due to the advent of the automobile. As to the future of the auto bus onty the most daring cares to forecast. This does not mean, however, that our traction properties will go out of existence nor does it mean that the handicap applies to all alike. “From the investment viewpoint tractions should be divided into three distinct groups./ We haye the strictly urban lines of our large cities that will continue to be a necessity because they offer rapid and economical rtation in congested districts. The volume of business allows them to carry pas- sengers at a low rate. Their field will grow as our cities grow and they will increase in usefulness as congestion becomes greater. The second class of traction’ embraces the single track suburban lines. Many of these are being operated by a receiver at this time and it is probable that practically all of them will be replaced by the motor bus. One man cars have proven a tempo- rary relief in many cases, but the tendency at present is to increase the pay of the ‘one man’ so that within a few years the payroll prom- ises to be qs large as ever and noth- ing of permanent value will have been gained. There is no reason, however, why they should not operate their own bus ines. They may be able to make the motor bus show a profit where it has not been possible to break even in the opera- tion of electric cars. “There is, howsver, a third class of tractio which includes the double track high speed suburban electric lines which is worthy of spe- cial study. I have recently ex- amined one of these properties operating passenger and freight ser- vice between two cities forty miles apart. The figures show that this electric line can both pas- sengers and freight cheaper than its steam competitor. It actually provides the most economical trans- portation between these two cities and no auto bus can compete with {t as to speed, As long as such a condition exists its maintenance is not only justifial but it should. be able to operate at a sound profit. I believe that this class of high speed double track line is funda- mentally sound and that it will gain ‘business rather than Jose it over the next ten years. The securities of these double track interurban lines together with those of the strictly urban transit companies justify the serious consideration of the investor and should’ be included in a broad Ust of public utility holdings. “The power and light issues face one uncertainty and that is the de- velopment of adverse legislation and unscientific rate regulation. ‘The soundest public service cor- poration in the country can be reri- ously crippled by unreasonable legis- lation governing its charges fcr ser- vice. The railroads and most of the tractions companies have been through the mill of this score. What will happen in the power.and light field no one can tell, but the best in- formed ‘specialists in this line are considerably encouraged by the Sovthwestern Bell decision. It is hoped that this industry will not be crippled by too much government, state and municipal interference. In any event a diversified list of public utility holdings should not Le af- fected to any extent by scattering cases of unjust political rate mak- ing. Moreover, the customer owner- ship. campaigns now in Progross should serve as a splendid backfire or insurance against this one danger.” whe @ General business as reflected by the Babsonchart is running at 12 per cent below normal, an improve- ment ofvone per cent over last week. by reports of increased car load- ings. Varied influences affected the oll shares, principal among which were the decline in crude production, a big gain in gasoline consumption and further reductions in midconti- nent and gulf coast crude prices. Official confirmation could not be obtained of a reported giant merger involving several of the larger in- dependent ofl companies. Call funds moved back to two per cent during the week after « temporary stiffening of rates and easy. —_—»———. NEW ORLEANS.—Loans of Fe eral Land bank to farmers in Loul and, Mississippi and Aalabama de- clined in June, the total being §$2,- 018,000, compared with $2,242,000 last year and $2,432,000 in May. The heaviest volume of loans was plac- ed in Louisiana. ——__—_. For results try a Tribune Clas- sified Ad. ? Wyoming Motorway ? ? ? Bonds he Casper Sunday Cribun Stocks Grain NEWS AND QUOTATIONS BY LEASED | Crucible Steel -.------. Famous Players Lasky -..- General Asphalt --------.--- General Electric - General Motors — Great Northern pfd. Gulf States Steel -. Inspiration Copper - International Harve: Int. Mer. Marine pfd. International Paper - Kelly Springfield Tire Kennecott Copper Lima Locomotive Marland Oil -~. Maxwell Motors Middle States Oil ---.--. Pacific Oil ois Pan American Petroleum B .. Producers and Refiners Pure Oil -.-.---—. Reading -----. = —— Republic Iron and Stee] ~.. Sers Roebuck -. Sinclair Con Oil -. Southern Pacific -. Southern Railway Standard Oil of N. J. -. Studebaker Corporation United States Steel -. Utah Copper .... 10% Westinghouse Electric 62 Willys Overland __. 8% Butte and Superior — 14y Colorado Fuel and Iron 41% Montana Power -. CRUDE MARKET Cat Creek $1. Lance Creek ----------2------ 1. Osage Grass Creek light ---------.-. Grass Creek, heavy -—~~..... Greybull ----.-----——--------~ orchlight +--------------.--. Mik Basin ------.------------- Notches Pilot Buti te ------. OJL SECURITIES By Wilson Cranmer & Co. Bessemer ------------ -26 28 Big Indian .. - 08% 05 Boston Wyoming 8085 Buck Creek SECT Nae |S Burke ----. ms 27 Blackstone Salt Creek .28 30 Chappell -. 16. 8 Columbine — 08% 0915 Central ripe ~-------- 1.90 2.00 Consolidated Royalty-- 1.21 1.23 Cow Gulen yp------, 03 U5 Domino - ------------ -10 Elichorn ---s--en——--- 04 E. T. Williams: ---- .31 Fargo -------ansee-- 05 Frantz ---------. 6.50 Gates -.-..--------4-- 08 Jupiter .--------—--- 09% Kinney Coastal ----. .08% Lance Creek Royalty - .0014 eeecnecenn---= 3.00 Henry Mountain & Gulf .--- 143 1.45 Mountain & Gulf Royalty & Producers . Sunset --......--.. 08% Western Exploration - 3.00 3.25 Western Oil Fields -.- 15% 16% we 415 ‘WyoKans 20 = 1.00 3) PE SRE I ET | NEW YO! CURB CLOSING Bid Ask, Mountain Producers — 17.75 18.00 Glenrock Oi] ~----.-.. 25 36 Salt Creek Prds. -.-. 23.87 24.50 Salt Creek Cons. ---- 8.00 8.75 Prairie Ol! .--. 205,00 206.00 60.00 61:00 Mutial -—-.. 9.87 10.00 8. O. Indiana -. 56.00 56.25 ST. LOUIS, July down of production in th’ has produced a better supply and demand and ‘trade 12.—Slowing territory lance of ds moving along less uninterruptedly that at any time since spring. Fi- nancl however, believe complete business recovery is unlikely until after the summer months. Stocks are dwindling and advances In grain prices and decreas in prices of urban commodities have been im- portant factors. Easy credits are stimulating trade and assuring broad distribution of dry goods. In- creased inquiry is evident in tron and steel and collections are fair in all lines. For results try a @ribune Cias- fi A T’S EASY TO NOLAN CHEVROLET CO, v New Yak secs || WHEAT AND CORN HIT | /NEW TOPS SATURDAY Buying foy Foreign Accounts "Bouts Wheat While Condition of Cor Crop Lends Support to New Peak Prices, . CHICAGO, July 12.—July wheat and both July and September corn touched new high price records for the year in today’s brief session of the exchange, steady buying for foreign accounts strengthening wheat prices. July wheat closed at $1.18% and September at $1.18%, while July corn sold up to $1.07% and September at $1.00%. Corn received a great boost dur- ing the week from confirmation of reports that the condition of this year’s crop is the lowest ever known. A shortage of the cereal is already at hand, it was also learned. July delivery soared above the dol- lar mark for the first time since 1920 and continued to climb upward. No. 2. yellow corn, spot delivery, sold up to $1.11 a bushel. The wheat market suffered from reports of progress in harvesting, Uberal receipts being reported at most terminals. .Oats went higher with corn and provisions, especially lard, also moved upward, Commodity Oil. LOS ANGELES, Callf,—Twenty- two new ofl wells were started in this state during the past week. Abandonnients for the first six months of the year total 264. SHREVEPORT—The cut of 10 to 50c a barrel in all grades of Louis- jana and Arkansas crude oil is ex: pected to result in future curtail. ment of production, already at ‘low ebb. Local filling stations now are selling gasoline at 20% a gallon, Textiles. LYMAN, 8. C.—The first ship- ment has just been made from the new plant here of the Pacific mills which has 9 capacity of 1,000,000 yards of goods weekly. Automobiles, BOSTON.—Boston and Worcester Street railway has asked permission to operate busses in nine towns along the line for use as feeders, Sugar. NEW ORLEANS.—Sugar refiners are working full time to fill orders taken last month and are about. a month behind in deliveries. Recent sales have been light. Hardware. ST. PAUL.— Hardware dealers here report increased sales in the last two weeks, although volume of business is still slightly less than t of a year ago. Buying appar- ently is more for replacement than for new equipment. Coal, PITTSBURGH.—The price range on coal is virtually unchanged. there being a lack of either favor- able or unfavorable developments to give stimulus. There are erratic movements in slack and some con- Today's range of grain and pro- vision prices follows: Open High Low Close WHEAT: July 117 118% 117 1.18% Sept. ---— 1.16% 1.18% 1.16% 1.18% Dec. 118% 1.21% 1.19% 1.21% COR! July i 1.08% 1.05% 1.07% % 1.01% 35% 54% 53% 5A 46% 45 46% M8 465% 48 11.77 11,77 12.00 11.97 12.20 12.20 10.40 10.80 10.40 --- --- 10.60 10,90 10.60 10.70 - 10.70 11.00 11.02 — - ll17 Trade News cessions in the lower grades of foundry coke but good material is holding its own. Jewels WALTHAM, Mass.—The Waltham Watch ecgmpany expects to double its British. sales when the duty on American watch movements is re- moved August 1. Cases are made in England, The change in tariff regulations will cut the price in England from $22 to $13. _ Fruit. BAN FRANCISCQ. — California apricot growers hope to “obtain an advance in prices as a result of withdrawal of all offerings this week by the California Prune and Apricot Growers’ association. ATLANTA.—Goorgia peaches of the best grade are selling at from $3 to $5.50 a crate in northern mar- kets and the season bids fair to be a fine one for growers. Canneries are working night and,day on fruit which has riperfed too rapidly to ship. Fast freight trains are mov- ing the crop to market on passenger schedules. Vegetables. CRYSTAL SPRINGS, Miss.—The shipment of vegetables from this séction is about over for the season. So “far, 2,355 cars were shipped, compared with 2,023 in 1922 and 2,069 last year. Receipts for early shipments were good but later prices were generally disappointing. Non-Ferrous Metals. JUNEAU, Alaska.—The Alaska copper output for June showed ship- ments 500,000 pounds lower than in May, with Kennecott and Mother- lode producing the latger portion of the outturn. World Wool Production Now on the Wane, Belief t WASHINGTON, July (12. (United Preses).—World production of wool will show no. increase in the immedt- ate future, according to the Depart- ment of Commerce. Falling off {s due to two factors. (1}—Decrease in the number of the seven countries that sheep in produce more than half the whole supply. (2}—-Comparatively small “clips” or "shearings” reported in all na- tions, Latest estimates on the number of sheep now scattered throughout the world place the total at 499,- 380,000 as against a pre-war total of 568,617,000. ‘ Despite the decrease in the wool production throughout the world, however, America {is showing @ steady increase in wool imports. The Department of | Agriculture places. the figure at twice our Im- port average for 1900-04. As a re- sult supplies from abroad are equal- ing, and in some years, exceeding our domestic production, Higher Grades Fall Off. There has been, nevertheles: decided falling off in imports since 1921, with corresponding increases in imports of carpet and combing wool, American imports of clothing wool are scattered among a number of nations, with Argentina sending ap- proximately 20 per cent, and Aus- tralia about the same. China contributes 30, to 45 per cent of the carpet wool, and Argen- tina and Australia the great part of thé balance. Supplies of wool and hair of animals other than sheep— such as the angora and the alpaca— come from Turkey, Peru and Brit- ish South Africa. Figures obtained by the depart- PAY FOR A CHE of American wool growing. Last year we produced only 266,000,000 pounds as against 600,000,000 pounds produced in Australia. Even Aus- tralia, however, has fallen from an approximate 70,000,000 produced in 1913. Wool production of the United Kingdom last year. was 102,000,000 pounds; fouth Africa, 175,000,000 to 185,000,000 pounds, and Uruguay, in 1922, 85,000,000 to 90,000,000 pounds. Standard Oil Stocks Anglo ..--..---------- 14% 15% Buckeye ~--.—~---—-. 63 64 Continental ~~~... 42 Cumberland 129 Galena oT Tilinols 132 Indiana 93 Nat. Tran. 22% N. Y. 6 Nor, 84 Ohio Oil 61 Prairie Oil ~~. 209 Prairie Pipe - 103 Solar Ref. -. 185 Sou. Pipe ... 96 8. O, Kan. 40 108 285 89% 288 63 125 56% UNIONTOWN, Pa.—Despite the industrial slump that has been af- fecting this section, postal savings deposits at the Uniontown post of- ice were steady last month and the first week ih July. Uniontown stands 13th among cities pf tthe United States in postal savings. 2? 2 Wyoming Motorway ? ? f 322 SOUTH DAVID Everyman’s By GEORGE T. HUGHES. (Copyright, 1924, Consolidated Press Association.) Inheritance Taxes. The age-old estate or inheritance tax, which has been in use !n varl- ous parts of the world off and on for the last twenty centuries has recently come very much into vogue in the United States, All but two states, Alabama and Florida, now have inheritance taxes. Thus we have along with the federal govern ment estate tax, 46 different Inherit- ance taxes. With certain exemp- tions these 47 different tax laws apply to all forms of property left by @ decedent both real and per- sonal. The federal government's so-called inheritance tax is an estate tax. It levies, after specified exemptions, a graduated tax on the entire estate of a decedent regardless of who gets it or how it ts divided. In the 46 states that levy death duties, or inheritance taxes, the tax is against the person receiving property from a decedent. Thus it is a tax on the right to receive property. In Rhode Island {t also {s a tax on the right to transfer, as well as to receive, property. The amount of the tax varies widely in different states. It Investment is based on the degree of relation- ship between the decedent and the Person receiving the property and on the value of the property thus transferred. Thus the tax may run from nothing or as low as 1 per cent to as high as 40 per cent, according to the state assessing the tax, the degree of relationship and the amount of the property. Scarce ly any two states are alike in these requirements. Kansas grants ex emption to widows of $75,000 but Pennsylvania gives no exemption to widows, minors or any one else. That is just one of many differ. ences among the 26 states having such a tax. Hveryone who expects to leave even a little property to wife, children or other dependents, or charity or educational institu- tions ought to look into the matter of inheritance taxes, Some of these taxes overlap. A little care, how ever, can prevent multiple taxation and loss to beneficlacies. Investment héuses, banks and trust companies give free and de- pendable information and advice on how inheritance taxes affect the estate of any particular individual It is a wise precaution to consult some such authority before making a. will, Proprietaries Company Pays Big Cash Dividend ATLANTA, Ga., July 12.—(Spe- clal to The Tribune)—At a meeting of the board of directors of Interna- tional Proprietaries, Inc., held at the offices ofthe company in Atlanta, a cash dividend of $150,000 was de- clared on the outstanding common stock. This dividend is being. paid to stockholders of record as of June 16. In declaring this dividend the di- rectors were governed by the ex- cellent showing made by the com- pany for 1923. The records of the company show that the profits were in excess of $700,000. Exeutives were highly satisfied with the busi- ness of 1923, us it was one of the best years ever enjoyed by the com- pany. Plans for 1924 call for great- er business with an enlarged adver- tising campaign in all papers and a consistent saleg policy through job- bers. Officers of the company are Y. F. Freeman, president; De R. Millard, vice president and general manager, and C, E, Holcomb, secretary and treasurer, International, Propricta- ries, Inc., is controlled and directed by the 8. A. Lynch Enterprises in- terests. Under the direction of sales man- ager Frank G. Abbott, formerly gen- eral sales manager of the Minne- apolis Drug Co., the entire sales International Proprietaries, Inc., are manufacturers and distributors of Tanlac. Complete sales organiza tions are maintained in twelve sep arate countries ‘und laboratories are operated in six countries. Only re- cently it was announced that the sale of Tanlac had passed the 40- million bottle mark. ee Re Consolidated Drilling Report, Wells drilling for the joint account of the Consolidated Royalty Oil com- pany, the Western Exploration com Pany and the Mutual Oj] company: Kraemer No. 1, Orange county, California, drilling at 3065 feet Peterson No. 1, Colusa county, Cal- {fornia, drilling at 1477 feet. Wallace Creek No. 1, Natrona county, Wyoming, fishing at 210 feet, Wells drilling for the Joint account of the Consolidated Royalty Oi! company, the Western Exploration company and the Carter Oll com- pany. Graham No. 8, Billy Creek field, Johnson county, Wyoming, running tubing at 3950 feet, McLaughlin No. 1, Billy Creek field, drilling at 930 feet. Richardson No. 9, Salt Creek field, drilling at 2435 feet. force of International Proprietaries, Inc., has been completely reorgan- ized. HOUSTON, Tex.—The decrease in deposits of banks of this section is due, according to bankers, to the fi- nancing of farm operations. (Continued From Page Four) PERILS OF MOUNTAIN CLIMBING IN FILM There {s a hazardous romance about mountain climbing that ap- peals to the red-blooled men and woman as do few other — things. Whether it is the element of danger that prompts people to risk death sealing tho world’s most inaccessi- ble peaks, or whether it is the desire to attain the ordinarily unattainable, is w question that has never becn satisfactorily answered The fact remains that mountain climbing continuues to be a favorite sport with tourists and almost every high mountain has taken its toll of intrepid spirits, In an issue of The Literary Di- gest, some time ago, a writer points out that since the war tourists are again flocking to the Alps, and many hundreds of mountain climbers have lost their lives since the signing of the armistice, The writer says: “The Alps as providers of excite- ment, danger and sudden death are emerging from the eclipse in which they were placed for so long by the World War. Innumerable climbers have been subjectel to minor injuries. These casualties in- dicate that what has been called the “noblest of sports” is destined to spring into renewed popularity, says, @ bulletin issued by the National Geographic Society of Washington. The perils and the glamour of mountain climbing have, been vivid+ ly brought home to the spectator in | “Blind Husband: a Universal Jewel de luxe production, which 4» showing at the Wyoming Theater. Dr. Armstrong, a famous Amer!- can surgeon, weary with profession al cares, goes to Cortina, Switzer land, with his wife. The doctor's am bition is to scale the Pinnacle, one of the most inaccessible and dan gerous eminences of the Alps’ ran; So, vividly {s portrayed the we nigh superhuman strength 4ulred_to-mcale the peak that ¥ Spectator is made to feel throug! Dr. Armstrong the subl{mity of reaching its summit. “Blind Husbands" was written, di rected and produced by Eric Stro heim, a former Austrian army offi cer who is thoroly familiar with the regions depicted. He plays the part of the villain-star. The tion takes place in an IRISH ROLE IN COLUMBIAPLAY “Hogan's Night Out” {s the show which Hap Roberts and his Joy+ land Revue is opening at the Colum- MAKE ME PHONE 2100 PAGE FIVE, bla theater today. It is tri a farce comedy in which Jesse Ma- honey has the role of an Irishman. Mahoney is well qualified DP! such’a role as those Vv agree w saw him in the opening show las week. “A Small Town Scandal. In addition to his part in the com- edy he has a couple of spectal num- ber One of these is a song ‘Seven or ven" and the other consisia is of singing, talking and dancing. He is also to be seen with two other members of the company in the specialty put on by the Joyland trio. If You D Tell Mo So," Is a so erta Stesser, the pima do © chorus of eight girls. aste Your Tears Over Me, L Girl,” will be sung by Hap Roberts him Fino will erender “At the Yiddish Wedding.” Other numbers are also promised The picture wh will be shown is "A Prince of a King,” with Dinky Dean as the featured player, FARNUM BIG. CUP WINNER: COMING SOON Dustin Farnum, the sledge of “M Man." a David tio’ which will be z theater on Wednesday {fs an * ate cup winner, In) fact it is moot- ed among those that claim to knov that he {s to be debarrel from fu- ture contests wherein the prize is to be a cup, in order to give those who have not been so fortunate, a chance to start their collection, ut Besides winning sufficient cups with his fast speed boat, to furnish irinking vessels for a large sized or pPhanage, Mr. Farnum won a cup in the first golf tournament he en tered. He had been ; ing the game but six months. Mr. Farnum evidently puts the same vim and whole-heartedness to his golf as ho Joes to the portrayal of the varied *haractérs of his lengthy and suc- cessful career on the stage and be- fore the camera Miss Los Angeles II is the name of the speed boat owned by the actor. It has a speed of sixty-one and one-quarter miles per hour. The boat ts the fastest in the West, and has won the Nordlinger Trophy cup three times in successior which gives Mr. Farnum permanent own- ership of this much coveted trophy. Besides cups, the ac Suttons; and has the uni collects ue distine- tion o® being the winner of every button for large game fish given by the Catalina Tuna’ club of Ava lon—a distinction which he shares with four other lucky individuals The Tuna club, despite its smat membership of 70, boasts of repre- sentatives from nea coun- try. in the world. The restrictions under which large ‘fish are to caught bring the chances in favor of the fish, Instead ‘of the fisher. man, 5 be -——__ : 2? 2 Wyoming Motorway ? ? FOR RENT Desirable office rooms, central location on Center street. Gool and reasonable, Call Western Blue Print Room 11. Oil Exchange Bldg, “SALT CREEK . BUSSES 3 Busses a Day Each Way LEAVE CASPER Townsend Hotel 8 a. m, 10 a. m., 2:30 p. m. LEAVE SALT CREEK 8a, m., 2:30 p, m., 5:30 p. m. BAGGAGE AND EXPRESS Bus Leaves 9:30 Daily Salt Creek Transportation Company TELEPHONE 144 WILL SOME OIL COMPANY AN OFFER TO LEASE Ten Up-to-date Office Rooms, Down Town Location HARRY YESNESS Yesness Bldg. VROLET -