Casper Daily Tribune Newspaper, July 16, 1924, Page 9

BANKING CONDITIONS |( New You soos | IMPROVING STEADILY Increased ny: J. C. ROYLE. (Copyright, 1924,. Casper Tribune.) NEW YORK, July 16.—Raptd improvement of banking and com- méreial conditions throughout the country has resulted from the in- t ed earnings of farmers in the south, southwest and middle west from crops already harvested. Payment of farm debts began al- most simultaneously with shipments of the first cars of produce. Coun: try banks are paying off their loans from larger institutions and this will have a strong influence on the liquidations made by banks which have failed in the last two years. Bank failares which, for three years, were frequent in Texas have diminished to a point where not one has been reported for five months. In Kansas the estimated wheat yield amounts to 130,000,000 bushels, compared with 84,000,000 bushel last year. The Oklahoma estima’ is 48,000,000 bushels, an increase of $8,000,000. In Nebraska and Colo- rado, the ted yields are 4! 060,000 and 24,000,000 bushels, com: pared with 28,000,000 and 13,000,000, respectively, in 1923, Oklahoma and Texas had ample supplies of harvest hands, although there was some delay in arrival of workers in northwestern Oklahoma. ‘This, however, did not result in crop damage. In Kansas, a larger area demanded more men at the same time than is usual and the number recruited and brought into thé state was heavier than last year. ‘The 14,000,000 acres of wheat in the three states required 60,000 outside hands to harv: them. * ‘Kansas farmers, who are fintsh- Earnings of Farmers "Throughout Middle West Brings About Better Conditions for Business. ing up, now are directing their out- side help to points in Nebraska, which state, however, will not re- quire an unusual number of work- ers, although temporary field head- quarters of the U. 8. employment service have been reopened at Omaha to route them. The latest wheat crop advices from Canada have relieved some- what the menace of a heavy Cana- dian ‘crop to compete for foreign business with American-grown grain. The season is two weeks behind in the prairfe provinces and rain is badly needed in British Columbia. Dear Corn and Cheap Hogs. With corn quoted above $1 a bushel, farmers in the corn belt are seeking to chart a course which will yield them a profit despite the wide divergence between corn and live- stock prices. Corn prices are nearly 20 per cent higher than this time last year while estimates of the agriculture department indicate a corn yield at least 17 per cent lower than last year. Most of the corn grown will be a “cash money crop.” A large proportion is sent to mar- ket in the form of meat. Both cattle and hog prices now are low. Many farmers, therefore, are rushing their hogs and cattle to market to avold feeding high priced corn to low priced animal; Blaugh- terings ir. the last month have run about & per cent above those for the corresponding period last year. In order for the farmer who trans- lates his corn into meat to make a profit, corn prices must decline or livestock prices advance. Hog and cattle prices now are near the 1923 low: point. Commodity Fruit. PORTLAND, Ore.—Oregon cherry growers are anxiously watching the Weather, desirous of a continuation of the dry spell, notwithstanding ‘the need of the farmers in general for rain. The largest Sts Denes of # ever made. from western. D is se operate Yor the first time this fruit has been sent east in carload lots. About 100 cars already have been moved. ATLANTA.—The bureau of esti- mates here figures that the 11,000,000 bearing peach trees in this state will produce 7,568,000 bushels of fruit this year. WILMINGTON, Del.—The Dela- ware early apple crop is expected to total 600,000 bushels, valued at from $1,200,000 to $1,500,000. The total-crop, including the late apples, is. expected to bring in $5,000,000. HOUSTON.—Net profits from strawberries shipped from this se tion averaged over $400 an acre. 4 Rayon. CLEVELAND.—The Industria] Fibre Plant, makers of rayon, or artificial silk, is running night and day with orders booked far ahead. Production for the last six months has been 50 per cent above last year. Lumber. SEATTLE.— Facing what the chief forester of the United States declares is the worst fire hazard in the northwest since 1910, at least 75 per cent of ,the logging camps in western Washington and Oregon -hdve ceased operations. There will be an acute shrinkage in saw mill cut as the visible supply of the logs in water is the lowest in years. Rubber. Chicopee factory Rubber company, re- opened on a five-day schedule this week, instead of the three day sched- ule in effect when the plant closed two weeks ago. Tho’ Firestone Aps.ey rubber plant at Hudson, which has been on a five-day sched- ule, has closed for three weeks. Trade News . Hay. DETROIT.—Hay in the northern part of the peninisula was badly damaged by the two days of heavy rain just as it was about to be harvested. en. P “MINNEAPOLIS. — The “ state ‘is making additional ‘revenués, “from autos, fees so far having reached a total of $8,012,922, as compared with $7,226,675 for the entire year of 1923. LANSING, Mich—The Motor ‘Wheel corporation, which resumed operations a week ago, is now em- ploying 1,700 men ten hours a day, five days a week. Steel. PITTSBURGH.—Jobbers of sheets and wire products are replenishing stocks, Few export orders are com- ing in for tin plate -but pipe mills are taking orders for line work and the building trade, although not in large quantities. PHILADELPHIA.—Bids for 6,000 tons of silicon steel and 18,000 tons of carbon steel for the approaches to the Delaware river bridge will be opened Wednesday and the contract awarded probably before the end of the week. Steel for the bridge proper will total 18,500 tons. Cement. ATLANTA.—The state highway board has let contracts for $2,000,000 worth of permanent highway con- struction in various sections, 11 con- tractors sharing in the awards. Honey. FORT WORTH, Tex.—Texas bee keepers report that the honey yield this year is one of the heaviest in years, An abundance of rain caused many flowers to bloom. * Sik. SEATTLE.—A shipment consist- ing of 4,536 bales of raw silk and 125 cases of silk goods from Japan: valued at $5,000,000, is now. on the way to New York under passenger train schedule. This is expected to be followed by other heavy ship- ments. JROCHESTER, N. Y¥—The gaso- line price war here which has brought the price of independent gas- oline down to.14 cents a gallon is causing the sellers a loss of about 3 cents a gallon, they admitted to- day. ‘The Standard Oil product still remained at a price of 21 cents, although dealers say the war may be so broadened that it will includ the-Standard product. The strugg' was precipitated by the opening of numerous new filling stations throughout the city. Oll men expect dealers will continue to take their losses until enough of the surplus stations are put out of business to lessen the present stiff competition. SEATTLE.—Packers and bankers closely associated with the salmon packing industry expect that the Alaska pack will be cut an average of 15 per cent as a result of new regulations put in force by Henry O'Malley, United States fisheries commisisoner. Early reports that the Alaska pack would be reduced rom.33 to 50 percent by regulatio: BUSINESS BRIEFS | akon Ua ae believed to have been exaggerated and best available authorities place the maximum of reduction at ‘25 per cent. Last season the Alaska pack totaled 6,068,340 cases of 48 one. pound cans each. The effect of the new law in force in Alaska waters can not be definitely determined be- fore August” 1 GLEVELAND,O.—General indus- trial employment hag fallen off about 3 per cent in the last six weeks, the largest drop being in automobile manufacture. Chemicals, paper and printing and the metal trades in- creased their forces somewhat, There is general bellef thatthe low point of activity has been. passed. KANSAS CITY.—The Continental Gas and Electric corporation, which owns the Kansas City Power and Light company and other. public utilities, reports continued gains in earnings. For the company's last fiscal year, net revenue rose from $4,952,043 to $5,606,537. oo For. results try..a..Tribune. .Clas- which went into effect June 21 are!sified Ad, Closing Prices. Allied Chemical & Dye ---.- 75% American Can ------------116% American Car & Foundry --167 American International ~~... 23% Anterican| Locomotive --. American Smelting &Ret'g ~ 64% American American American, American Woolen --.-—~-.. 71% Amer. Zinc, Lead & Smelt. - 7% Anaconda Copper ------..-. 80 ‘Atchison: ~-2--_.--—-- = Atlantic Coast Line Baldwin Loodmotive. ----.--115% Baltimore & Ohio -. Bethlehem Steel -. Gelyfornia Petroleum Canadian Pacific Central Leather -. Cerro de Pasco ------------- 45% Chandler Motord woo a---= 46 Chesapeake & Ohio --------. 85% Chicago & Northwestern --. 57% Chicago, Mil. & St. Paul, pfd. 26% Chicago, R. I. Pac. ---.--.-- 81% Chile Copper -~—+-+--- 38% Coca Cola -. Wi% Colorado. Fue) & Iron ~ 45% ‘Congoleum — 43% Consolidated Gas Corn Products, new Cosden Oil ~-... Crucible Steel X Div. Cuba Cane Sugar, pfd. -. Daviron Chemical Du Pont de Nemours ..--. Erie Famous-Players Lasky General Asphalt General Electric General Motors. ---. Great Northern, pfd. Gulf States Steel -. Houston OW ~ Tiinois Central -. International Harvester Int. Mer. Marine, pfd. Int. Tel. & Te! Invincible Ol —- Kelly-Springfielad Tire Kiennecott Copper -- Louisville & Nashville Mack Truck «. Marland Ofl -. Mavwell Motors Middle States Oil --.-~.. Misrourl, Kan, % Tex. .«. Missourl Pacific, pfd. -. National Lead ... New Orleans, Tex. & Mex. -. 99% New York Central ----------105% N. Y., N. H. and Hartford — Norfolk & Western Northern Pacific Pacific: Of} \cocepcneaseee: Pan American Petroleum Pennsylvania, -~---s-.-2..--- 45% Producers & Refiners -.-_-. 24% Pure. OlL oe ta= 20 nn Republic Iron & Steel --.-.. 46% Reynolds Tobacca “B" -.__. 71% Seaboard Air Line »---....--- 13 Sears Roebuck Sinclair Con. -.... -ae-= 15% Sloss-Sheffield Steel & Iron ~ 58% Southern Pacific Southern Railway - Southern Railway pfd. Standard Oil of Cal. Standard Oil of N. J. Studebaker Corporation ~. Texas Co. ~---—--L-_-:..-. 38% Texas & Pacific 32 Tobacco Products Transcontinental Oil 4 Union Pacific — 137% United Drug 80% U. 8. Cast Iron Pipe 99% U. 8, Ind. Alcohol -. 72% United States Rubber — 27% United States Steel Utah Copper ‘Westinghouse Wiilys-Overland 8% Woolworth ~-----------------108% CRUDE MARKET Cat Creek -naryn ene a-—— $1.95, 1.90 1.90 1.95 Lance Creek (SRE PE SDI Grass Creek light .. Grags Creek, heavy -—~----.. Greybull ‘Torchlight — Tk Basin --------..---.---- Rock Creek ----.--. 2 .--s-— Salt Creek ----------—~-----.. Big Muddy -~. Mule Creek ~~--..--------—. Sunburst ------.------------.. Hamilton Dome ------——-+-~ Ferris Byron --------.-------------— Notches ----~---~----s-------— Pilot Butte ---------.----.---. Lander ..---—--~-----------=-= Standard Oil Stocks Anglo -.. 4% 15% Buckeye 63 64 Continental .. 42 Cumberland 12d POTATOES CHICAGO, July 16. trading fair; receipts, 34 ci United States shipments, 888; mar- ket slightly stronger on sacks and about on barrels; Kansas.and Mis- souri Irish Cobblers,. best, $1.40@ 1,60; Early Oho, Missourl, Kansas and Tilinols; $1.25@1.45; barre! Virginia Irish Gobblers, $3.00@3.25; North Cérolina, §2.00@2.10, Potatoes, Stocks : OIL SECURITIES Big Indian ---------. Boston Wyoming -- Buck Creek Burke ~. ot Blackstone Salt Creek Chappell Columbine --....------ Central ripe -—~----. 1.90 Consolidated Royalty. 1.21 Cow Gulcn -.--—---- .03 Domino . ~----------- 10 _.13 Elkhorn -.. 04 06 E. T. Williams --.--. .80 32 Fargo ----—--------- .06 07 Frantz -.. 6.50 7.00 Gatés © --.----2-------. 08 09 Jupiter ~-----~.------ .00% .01 Kinney Coastal -.--- 08% .09 Lance Creek Royalty . .00% .01 Marine ---. 3.00 3.15 Mike Henry ---...-... 00% .01 Mountain & Gulf -.-- 143 1.45 © Mountain & Gulf --.. 1.33 1.36 New York Of) -.----- 9.00 10.00 Pieardy ~~... 04 06 Preston 01% 02% Red Bank -~------..29.50 80.00 Royalty & Producers - .04 Bunt | aon 08% Western Exploration ~ 3.00 Western Oil Fields ... Western States —..... 15% 4 Mountain Producers . Glenrock Ol! ~-.-....° Salt Creek Prds. .... Salt Creek Cons, -. Prairie Oil — Ohio O11 17.87 18.00 26 85 24.00 24.12 8.00 8.75 205.00 206.00 60.00 61.00 Mutual 9.50 9.75 8. O. Indiana -_ 55.25 55.50 —_—_=—__ LIVESTOCK Chicago Prices, CHICAGO, July 16—(U. 8S. De- partment of Agriculture.)\—Hogs— Receipts, 23,000; active on desirable grades, mostly 15c higher; others slow; big packers doing little; top weighty butchers, $7.85; highest for current year; bulk good and choice 170 to 370 pound weight, $7.65@7.85; desirable 140 to 170 pound averages, $7.15@7.65; packing sows, $6.90@ 7,25; strong weight slaughter pigs, $6.25@6.50; heavywegiht, $7.65@7.85; medium weight, $7.60@7.80; light- welght, $7.15@7.80; light lghts, $6.25@7.5! packing hogs, smooth, $7.00@7. packing, hogs, ‘rough, brah slaughter pigs, $5.50@ 50. Cattle—Receipts, 19,000; practical- ly nothing done on fed steers; year- lings or fat she stotk, bidding 25@ 50c lower, mostly 50c lower on most grades fat steers, yearlings and Srassy cows; few early sales, year- Ungs, $9.00@9.50, 25c off; liberal sup- piy fat steer run; yearlings and light weight kind, some choice handy and heavyweight bullocks held above $10.75; bulls, 15c lower; spots up more; best heavy sausage bulls, around $5.00; little done on veal calves; market unevenly lower; few choice kinds to outsiders and small killers upward to $10.50 and better; packers bidding under $10.00; stock- ers and feeders comparatively scarce, steady, Sheep—Receipts, 9,000; slow; early sales fat native lambs to packers, steady at $14.50 mostly; few to out- siders around 25c higher at $14.75@ 15.00; sorting light; culls, $9.50@ 10.00; range lambs sold for. feeders at $12.00, steady; good fed yearlings, $11.75; sheep, scarce; few fat ewes, $5.00@6.00. Omaha Quotations . OMAHA, Nebr., July 16.—Hogs— Receipts 18,500; early sales to ship- pers and yard traders 15c higher; big packers going slowly; bidding around steady; good and choice 220 to 800 pound butchers $7.30@7.50; top $7.60; bulk: of all sales $6.75@7.45; average cost yesterday $7.06; weight 251. Cattle—Receipts, 8,500; very slow on most all killing classes; water fin heavy, few sales grain fed steers, yearlings and she-stock 15@25c low- er; now bidding generally 25c lower; killing quality improved; canners, cutters and bulls steady; vealers 25@ 506 lowe: and feeders nom- inally steagy; bulk dry lot steers and yearlings $7.35@9.75; top steers $10.25; bologna bulls $4.50@4.85. Sheep — Receipts 7,000; lambs strong to 25c higher; natives mostly, $14.00; early sales westerns $14.35; best unsold; around $14.50; fed clipped $12.65; sheep steady; feeders spe + choice. feeding lambs held at 12, Denver Prices DENVER, Colo., July 16.—Hogs— Receipts 1,550; active, unevenly 10@ 20c higher; choice grades up most; top $7.76 for choice sorted loads; oth- er ‘choice’ offerings from $7.30@7.50. CAttle—-Receipts 600; no calves dull, demand narrow; few.sales year: Ings 20@25 higher; cholce 845 pound mixed yearlings $8.75; bids lower on steers; fat she-stock 15@25c lower; good heifers. '$7.25@8.15; few loads cows $5.00@5,.60; bulls $3.85@4.50. Sheep — Receipts 250; - nothing choice on fat lambs steady to 25c higher; few natives $12.50, oo Butter and Eggs CHICAGO, July 16.—Butter lower; receipts 9,636 tubs; creamery extras, 38%; standards 38{%c; extra firsts 37@38c; firsts 36@36%c; seconds 33 @35e. Eggs unchanged; receipts 26,997 cases; firsts 26@260; ordinary. firsts 24@2414c; storage pack firsts 26%c. —— NEW YORK, July 16.—Bar silver, 467%; Mexican doljags, 61%. WS AND QUOTATIONS BY LEASED | Grain STOCK TRADING [o IRREGULAR Weakness Shown by Many Issues But Others Rally On Late Sales NEW YORK, July 16.—A bullish demonstration in raflroad shares to- Gay failed to rally the general stock list, which turned reactionary under heavy selling of the oil shares fol- lowing omission of the Sinclair divi- dend. The close was irregular. Sales approximated 950,000 shares. NEW YORK, July 16.—Consider- able. irregularity developed at the opening of today’s stock market. Oils continued under pressure in further reflection of the spread of gasoline price cuts, Atlantic Refin- ing dropping two points to a new 1924 low and most of the other ac- tive issues yielding fractionally on initial sales. Liggett and Myers and Interboro Rapid Transit each touched new 1924 peak prices. , Reactionary tendencies predomi- nated during the ‘early trading though independent strength w: shown’ by a few rails and public utilities. Virginia Railway and Power dropped 2% points; Phillips Jones, Stewart Warner and Ameri- can Water Works common, 2 each; and International Paper, Stromberg Carburetor, general Electric and U. 8. Cast Iron Pipe sold off a point or more. Additional new 1924 highs were recorded by Omaha, Delaware and Hudson, Illinois Central, Wheel- Ing and Lake Erie, common and pre- ferred, and Manhattan moderate, guaranteed. Other strong spots in- cluded American Express, Pressed Steel Car, Union Tank and Good- year Rubber preferred, up 1 to 2 points. Foreign exchanges opened steady. Reactionary movements were checked temporarily by a fresh dis- play of strength by the railroad shares in which both high grade and non<(ividend paying issues Participated. Atchison, New York Central, Southern Pacific and Union Pacific moved up smartly, some of the buying undoubtedly being in- fluenced by unconfirmed rumors of increased dividend payments. Talk of dividend resumption also was an influence in the purchase of the low priced stocks, particularly Wabash preferred. Persistent selling of At- lantic Refining forced that stock down more than four points while Cuyamel Fruit dropped three points, Just before noon the general list turned™ heavy again when active selling broke out in the steel group. United States Steel common falling below par for the first time in sev- eral days and Bethlehem Steel drop- ping one and a half points to a new low for the year. Several rails fell #@ point or so from their early highs. Call money opened at 2 per cent. Buying of the St. Paul: ippings, Interboro Rapid Transit and New Haven imparted a steadier tone in the afternoon, despite the pro- nounced weakness of certain stapks, Atlantic Refining broke to 78%, a drop of 5% and Woolworth lost 3%. Sinclair got down to 15%. Market Gossip Sinclair Passes Dividend. NEW YORK, July 16.—Directors of the Sinclair Consolidated Oll cor- poration today omitted the quarter. ly dividend of fifty cents a share, due on.the common stock at this time. : SUGAR NEW YORK, July 16.—A reduc- tion to $6.65 for fine granulated by a leading refiner lowered the full range of refined sugar today to $6.65@6.90. Business was light. Re- fined futures were nominal. Sugar futures closed barely steady; approximate sales 15,000 tons. July $3.30; September $3.39; December $3.85; March $3.15. LIBERTY BONDS NEW YORK, bonds closed: 3448 101.13; first 4%s 102; second 4%s 101.15; third 445 102.6,. Fourth 4%s 102.5; U. 8S. gov- ernment 4%s 104.22. MARKETS—METALS --. July 16.—Liberty METALS NEW YORK, July 16.—Copper steady, electrolytic spot and futures 12 3-8@12%s. ‘Tin firm; spot and futures $46.50. * Irom steady; prices unchanged, Lead) steady; spot. $7.00. Zino steady; East St. Loiils spot $5,865; futures $5.86 to 5.90. Antimony spot. $8.25. MONEY NEW YORK, July 16.—Call money steady; high 2; low 2; ruling rate 2; closing’ bid 2; offered at 2%; last loan 2; loans against acceptances 1%; time loans easy; mixed collat- teral, 60-90 days 2%@3; 4-6 months 3@8%; prime commercial paper 344 @3%. COTTON NEW YORK, July 16—Cotton spot steady; middling $31.46, WHEAT TREND UPWARD AGAIN September Sells at New Top On Crop Reports From Canada July 16.—Althoush rains over part of the dry district in Canada led to a wi opening of the wheat market today, prices soon made a swift new uptum. The chief reason appeared to be that crop reports from Canada were of a character which indicated wide- spread irreparable damage. A lead- ing expert sent dispatches from Dav- {dson, Sask., telling of having seen thousands of acres of wheat that will scarcely make the seed, and much that was burned almost bare, worthless to harvest. Opening prices, which ranged from lic de- cline to %c advance, September $1.20% to $1.21 and December $1.24 $1.24% were followed by a moderate general sag and then by a jump to about 1%c above yesterday's fin+ ish, with trading again on a big scale. Subsequently, an additional bulge in prices resulted from reports that in central and northern Sas- katchewan, 50 per cent of the crop is beyond recovery by rain. September sold at a new top for 1924. Decémber also broke the season's high price record. The clése was buoyant, 3%c to S%c net higher, Septent¥er, $1.26% @ 1.27 and December, $1.29@1.29% Corn and oats rallied with wheat. Besides, offerings of nearby deliv- erles of corn wasj|notably scarce, and renewed emphasis was being put on the extreme lateness of the new corn crop despite considerable re- cent improvement. After opening at one cent decline to %c advance, September $1,00@1.01, corn scored decided general gains, three cents a bushel for July. Bullish crop reports from diana and Ohio tended to lift values to a material extent. May corn got above 90 cents, the first time on the crop. Corn closed strong at 3% to 4%c net advance, September, $1.04% @1.05. Oats started unchanged to %o off, September 454% @45%c, dropped still further in some cases, and then made a broader advance all around. Provisions influenced by gains and hogs averaged a little higher. In- CHICAGO, July 16.—Immediate operation will be begun bv the Grain the merged $26,000,000 capitalized concern which amalgamates four Chicago and one Marketing company, Kansas City grain company, and which is designed eventually to be farmer-owned, controlled and oper- ated. The company will start without de- lay to handle the grain crops that are now coming to market in the elevators it controls here and at oth- er grain centers with a capacity of 50,000,000 bushels, according to John Cullen O'Laughlin, spokesman for the grain merchants. To further the plan for producer- operation, among the managing dl- rectors, five men have been named representing the companies propos- ing to sell to the farmers: George E. Marcy, president Armour Grain corporation; B. E. Rosenbaum, pres!- dent Rosenbaum Grain corporation; Edward 8S. Glazer, president Rosen- baum Brothe john J. Stream, vice president, J. C, Shaffer Grain com: pany and George H. Davis, president Davis, pany. Noland, Merrill Grain com- Opening High Low Close i 1.26% 1.21% 1.26 1.20% 1.27 1.20% 1.26% 1.29% 1.238% 1.29 1.10% 1.06% 1.10% 1,05 1.00 1.04% 90 = 85% 89% 35% 54 BBM 48% 45% 48% 50.47% 50 12.20 12.00 12.20 12,35. 12.10 12.32 Leash cman SORE 10.55 10.55 10.55 10.75 10.75 10.75 capyeuls 11.07 11.50 11.40 11.62 CHICAGO, July 16.—Wheat No. 2 hard $1.28, Corn—No. 2. mixed °$1.114@ 1.12%; No.2 yellow $1.12@1.12%; No. 2 white $1.12@1.12%; sample grade white 53@60c. Rye—None. Barley, 17@85c. Timothy seed $6.00@8. Clover seed $11.00@ $19.50. rd, $12.00. Ribs $10.50. Bellies $11.12. . Flour. MINNEAPOLIS, July 16.— Flour, unchanged to 40c higher, family. patents, $7475@7.85. Bran, $23.00. Foreign Exchange NEW YORK, July 16.—Foreign exchanges, firmer; quotations in cents. Great Britain, demand, 437%; cables, 437%; 60-day bills on banks. France, demarid, 6.17; cables, Italy, demand, 4.31; cnbles, ; Belgium, demand, 4.58) cables, 449: Germany, demand, (per tritlion) .23%; Hollan) $7.81; Norway, 13.47; Sweden, 2 Den- mark, 16.13: Switzerland, 18.24; Spain, 13,30; Greece, 1.71; Polgnd, +19; CzechaSlovakia; 3.96; Jugo- Stavia, 1.18%; Austria, 0014; Ru- mania, 454%; Argentine 32.00; Brazil, 9.50j{ Tokio, 41%; Montreal, 99 G16, -¢ Livestock :: All Markets PAGE NINE Czechoslovak Rep., 8c Ctis. —- wen-nenn—= 6% EKCi«EH Dominion of Canada, 5s, 1953 eacewnnnnnennna—we 99% GHD French Republic, 7148 --------------------------— 95% 95% Tw. Japanese dg .~-... eawwewnennaewenennewcnemnnnnn 19% 19% 19% 88 --------—------------—— 101% 101% 101% U.K of queensiand, of G. B. & 1, 5% Ballway Chicago, Bur! and Quincy ret., Chicago, Milwaukee and Bt. Paul cv., 448 Chile Copper Goodyear ‘Tir, Northwestern. Bell Tel, Is Pacific Gas and Electric 6s -—-——._---_ Penn RR. HR. @085 56 ——ecewccceeeeeeeeeeen mcnnen Sinclair Com. Oil, col. 1s = Southern Pacific CV, 48 ----------———------——— es Union Pacific first 49 . U. 8. Rubber 6s -.... Utah Power and Lights 6a 2-2 Western Unton 6% .. The value of Tribune advertising 1s being practically demonstrated in the big selling out sale of the com- bined stocks of the Heller Men's Apparel store and the Jessen Cloth- ing store that is being held at the old Jessen stand, 115 East Second street, according to Max Heller who is closing out the stocks preparatory to Jeaving for California. Mr. Heller has acquired interests there that demand his attention. This sale is the biggest that he has ever experienced, says Mr. Heller, the opening day’ eclipsing that of the Jessen sale. He attributes the won- derful response to advertising and to wonderful bargains on very high class merchandise. The advertising for this sale is being handled ex- slusively by the Tribune, “The store has been extremely busy since the opening day,” said Mr. Heller this morning. “It 1s serving people of this community and for 60 miles around. Right from the start on the opening day eager buyers literally stormed the doors. The crowds were almpst too (Continued from Page 1) tion directed toward securing from the next legislature an appropriation of $75,000, instead of only $30,000, for the work of the biological survey. If such state appropriation were made, that which comes from the federal government to supplement the fund would very probably be proportion: ately increased. Better Production Methods Important Not at all ornate in his.address and using both fists, figuratively speaking, Dean J. A. Hill of the Uni- versity of Wyoming, ani one of the foremost wool specjalists in the coun- try, openly went after Wyoming growers in general for the prevalency of half blood clothing wool in this state. He said that such wool should not be produced or tolerated in the west, that it brings low prices and clots the market, “The situation {s bad. There are too many frowsy fleeces’ turned out in Wyoming. We let the lightweights {in our flocks hang like an anchor on the wool yield. We talk about marketing but it seems to me that we must pay attention primarily to production methods and breeding, King brothers in southern Wyoming are proving that breeding pays. Their fleeces are of longer and finer staple and they weigh more. It 1s not at all unusual to find sheepmen depend. ing upon scrubby, cross-bred rams. That better rams are not more fre- quently and more consistently used, 1s a condition, I believe, that is large: ly due to the bankers who will not finance growers in procur the breeding stock they really r Dean Hill has attained fame in all wool sections for his work in culling flocks. There would be more and better wool produced in Wyom- ing {f attention were given to sys- tematic culling, according to the expert who ended his address by say- ing: “I believe it is possible to make the weight of the average fle in this state 10 pounds instead of eight." Speaking with increasing feeling, Dr. J. M. Wilson, president of the association, delivered a message of optimism at the end of yesterday's session. arller in the day he had said that he would comment on his addres delivered in the When the time came he aside from controversial sub. jects and told the gathering that he could see nothing more important in the present than averting disaster by talking optimism. Among other things, he said: “Let us not complain and attack the government. We woolgrowers have nothing to be in misery about. We have come through the post war [depression better and faster than annual priser ener mn reoged Westinghouse Blectric 18 --..-.-.-.------.------= Wilson and Co., cv., 69 ~-.--------.-------. ts A. 107% 90 87% TRIBUNE ADVERTISING MOVING CLOTHING STOCKS FOR HELLER large to be handled by the 80 sales people employed for the occasion. The doors had to be locked and the people allowed to enter at intervals as soon as those inside had been served who in turn found it neces sary to leave by thc rear exit. ‘Low prices,” said Mr. Heller, “are what the people want today and after all that ts the only thing that will sell merchandise. The public is quick to detect real bar- gains. We have to close out this stock as we were forced to take over both stores since the Herman Purchasing company defaulted in its agreement to buy them, These goods are going to be sold} no ‘ifs’ nor ‘buts’ about it. When it is taken into consideration that the bargains include such lines overcoats, Florsheim, Crossett and Bostonian shoes and oxfords, Wilson Brothers shirts, furnishing, etc., it is no wonder that selling ‘s heavy. Big booming special bargains a: being offered every day until the entire stock is sold out.” GRAZING FEE INCREASE FLAYED BY HAGENBARTH IN SPEECH HERE our brother cattlemen. Let's quit this continual howling that every- thing is wrong. No ono lives for himself alone. If we cannot help we should nét hinder. But we must help, must help to make things right, if for no other reason than that which affécts one does necessarily affect all others." ' Last night's smoker was all that had been previously predicted. Be- tween the special acts, the boxzng and the girlle show, the “wooly” boys had a full evening. As finale and last curtain was the splendid lunch served in the Elks’ main dining hall. There everything that might make up a dozen lunches was spread in great variety in one, FLAX DULUTH, Minn.,., July 16.—Close, flax July 2.53%; September 2.32; Oc- tober 2.29. TRADE SITUATION HERE PLEASING TD. HEAD OF OMARN WHOLESALE FIRM Frank S. Keogh, president of Pax- ton and Galligher company, whole- sale grocers, of Omaha, left last night for Omaha, after spending a short time on a business trip to the Casper branch of this concern. Mr, Keogh expressed himself as be- ing mighty pleased with the Casper situation, and in the prospects of the city, and of the concern of which he is the head. He was the guest of A. G. Jones, manager of the Casper branch of Paxton and Gallagher dur- ing his stay in the city. CHURCH UNION BILL PASSED IN DOMINION OTTAWA, July 16.—The chureh union Dill, uniting the Presby- terian Methodist and Congregational churches of Canada, passed its final stages in the parliament early to- day. Tho house of commons, with- out opposition adopted a. senate amendment providing that any con- gregation Meir to do #6 may remiain out of the united churck. Aish: