Casper Daily Tribune Newspaper, July 28, 1924, Page 7

et ONDAY, JULY 28, 1924. Finance WOOL PRICES NOW By J. A. HILL. There is a fubilant note in the ool market fetters of the eastern papers that reflect the senti- ment of the dealers. Wool has re- covered in price in a way that sur- ‘ised the most optimistic. It is timated from varlous sources t there has been a general price dvance of five to ten cents a clean pound as compared with the low of %t month. This is equivalent to 4 advance of from two to five Pents a grease pound on nearly all des of territory wool. If the dealers had all conspired ether to control the prices so as work as much as possible to ir benefit, they could not have nproved much on the events that ive taken place. Wool went stead- fly down in price from March until June. By the time it reached the low point in June the growers and their financial backers were in a panic to sell, and a great deal of ‘wool was taken at the very lowest Price level. After perhaps 85 per cent of the clips had been secured Gy the dealers, prices snapped back with a bang and are showing a ten- dency to go still higher. Territory Wool is higher today than it has been since April. The few growers ‘who held their wool either at home or on consignment are now sure that prices will continue,to advance so that the dealers fave nothing to fear of any further panic on the part of the producers. Foreign markets are firm and the British prices have advanced slightly since the last series of London sales. In spite of a dull season, the manufacturers were forced into the market before the opening of the new lightweight season. It. ts estimated that in the scurry for wool that occurred in Boston during the last two weeks that the manu- facturers have already taken 25 per cent of the American clip at prices entirely satisfactory to the dealers. However, there is no sound of cel bration coming from the camp of the growers who forced their wool onto the market during the June depression. None of them will re- ceive any benefit from the boom market even if it advances another ten cents a clean pound, which Is easily possible. The few who held their wool or consigned it will bene- fit along with the dealers, Some of the growers in Montana and northern Wyoming who sheared late benefitted some by the quick advance of prices. A few clips in cents at the ranch. The buyers Montana were sold from 40 to 42 were not able to offer more than 37 to 38 cents for similar wools in June, It is generally conceded that & great many wools on the market are held at prices much higher than the quotations in the Cemmercial Bulletin or other trade papers. In fact, isolated cases: are reported of sales from two to five cents a clean pound above the highest printed quotations, The following ranch prices for average Wyoming wool are com- puted from the latest quotation for territory wool in the Commercial Bulletin of Boston for July 26 as received by telegraph from the As- sociated Pres: Fine staple, 37@39c; half blood combing, 36@39c; three-ighths blood combing, 89@40c; quarter blood combing, 32@34e; low quarter, 29@ 32c; common and braid, 30@33c fine and fine medium French comb- ing, 33@34c; fine and fine medium clothing, 28@29c. Everyman’s Investment A form of high grade investment which ought to be better known is the railway equipment trust cert!- ficate. These certificates are not liste on any exchange and com- mand no speculative attentinon. Quotations are expressed in per- centage of yield rather than in per- centage of par and so look strange to most individual investors. In the tables which the newspaper print it will be stated for instance that the 5 per cent equipments of the XYZ railroad are 5.25 per cent bid and 5.15 per cent asked. Until you stop and think it looks as though the buyer was offering more than the seller fs willing to take. That fs not the case. The buyer is willing to pay a price that will give him @ return of 5.25 per cent but the seller wants a@ sum which Will yield only 5.15 per cent on the investment. Equipment trust certificates are bought and sold entirely for invest- ment and never for speculation. What really counts is the fact that the security back of these railway equipments is on a par with if not stronger than that back of the best of railway first mortgage bonds. Defaults on railway equipments are almost unknown. The reason for this is that while the equipment certificate is an obligation of the railroad named and is guaranteed by the road, title to the equipment remains in the name of the trustee for the benefit of the certificate holders until all the certificates have been paid off. You may haye observed on a loco- motive or on a freight car a small metal card or tag stating that this particular piece of rolling stock is the property of the ABC Trust com- pany, trustee. This is for the pur- pose of identification. If by any chance it should happen that the railroad falls to meet its éontract in any particular the trustee can take possession of the locomotive or freight car and sell it to some other road. In practice the last thing that a railroad will let go is its equipment. Without equipment it can dg no business and so it comes about that the claims of the holders of these certificates are met no matter what happens to the bondholder first mortgage or otherwise. It also follows that an equipment trust certificate of a so-called weak road Janay be just as. sound an investment as the obligation of a strong road. These certificates mature serial- ly, that is to say a certain amount of the principal becomes due every year and the whole sum is payable before the equipment suffers ma- terial depreciation. For the investor who needs a comparatively short term security of the highest invest- ment grade the rajlway equipment certificate is probably as good as anything else in the entire invest- ment list outside of a governent bond. (Mr. Hughes’ fiftieth article will appear in the Casper Tribune next Wednesday.) Campbell County Growers Have Heavy, Wool Delivery Wool deliveries by Campbell coun- ty sheepmen for the season just closed amount to a total of 516,612 pounds, according to figures recent- ly given out by the Burlington rail- road agent at Gillette. This aggre- gate shipment is sald to be the larg- est made from this county for at least five years, exceeding previous shipments by about 100,000. pounds. Deliveries were more prompt this year, lasting only five weeks. The rallroad’s stattisties show that the largest consignment of wool sent from Gillette this season came from B. J. Reno and approximated 75,- 680 pounds. Alex Archibald was sec- ond with 28,000 pounds. The total number of sacks delivered was 1,- 485. It is reported from Rock Springs, Butter and Eggs CHICAGO, July 28.—Butter un- changed; creamery extras, 86c; standards, 35%c; extra firate, 35@ Bhige; firsts, 34@34%c; seconds, 32 - @33e. 23,885 ordinary pack Egss—Higher; receipts, cases; firsts, 26% @27% firsts, 25%@26c; stronger tirsts, 28@28%4e. NEW YORK, July 28.—Butter steady; recelpts 3,630, creamery, higher than extras 38@3814; cream- ery, extras (92 score) 3744; creamery firsts (88 to 91 score) 35%4@37; pack- ing stock, current make number 2, 23. Eggs firm; receipts 10,092. Fresh gathered extra firsts 314)33; ditto @30; ditto seconds and poor- 2 nearby hennery whités, elosoly selected extras 46@ 48; nearby and yearby western hen- nery whites, firsts tO average ex tras 87@75; nearby hennery browns extras 37 Pacific coast whites extras 41@42%; ditto firsts to ex: tra firsts 350 39%. { Sweetwater county, that James Gil- bert, buyer representing Boston in- terests, has picked up several clips in that vicinity during the past few days. He took the Al Gardner clip from Cokeville at 87 cents. Among the resolutions passed by the Wyoming Woolgrowers associa- tion at its annual meeting in Cas- per several weeks ago was one reéc- ommending that all growers who had not already disposed of their clips, place them in consignment. The degree of response to this advisory resolution has not been ascertained. It is quite probable, however, that consignment has been general dur- ing the latter part of July, judging from reports from various parts of the state. Cheese steady to firm; receipts 66,442 pounds. State, whole milk flats fresh fancy to fancy specials 20@21%; ditto average run 19@19\; state. whole milk flats, held, fancy to fancy specials, unquoted; state, whole milk twins, fresh, fancy 20@ 2 Foreign Exchange NEW YORK, July 28.— Foreign exchanges easy, quotations in cents: Great Britain demand 439%; cables 439%; sixty day bills on banks 436%. France demand 5.0744; cables 5.08%, Italy demand 4.3214; cables 4.33%4, Belgium demand, 4.59%; Germany demand per trillion) 2 Holland 38.1¢. Norway 13.50. Sweden 26.60, Denmark 16.15. Swit 18.40. Spain 1 Greece 1 land 19%. Czecho Jugo Slavia 1.18 8 Rumania 43%. Argentina 33,30, Ira zil 9.95. Tkio 41%. Montreal 99%. —__—_—>___. Cal! the Tribune for highway in- formation, , be Casper Daily Cribune Stocks Grain NEWS AND QUOTATIONS BY LEASED | STOCK PRICES NHEAT TRADING Market Gossip Allied Chemical & Dye -..... American Can -~.--.--.----. American Car & ---- American International «.... American Locomotive ----... American Smelting & Retg American American American American American Anaconda Atchison oo Atlantic Coast Line --.-... Baldwin Locomotive ------.. ‘Baltimore and Ohio -..-.---. Bethlehem Steel California Petrcleum .. Canadian Pacific Central Leather v. Cerro de Pasco -. Chandler Motors Chesapeake and Ohio Chicago and Northwestern Chicago, Mil. & St. Paul, pid. Chicago, R. I. and Pa Chile Copper Coca Cola Colorado Fuel an: ron -. Congoleum Consolidated Gas ~~--. Corn Products new -.-. Cosden Oil Crucible Steel Cuba Cane Sugar pfd. Davison Chemica! Du Pont Erie -. Famous General Woolen - Zinc, Lead and Sm. Copper Players Lasky Asphalt General Electric -.. General Motors ------------. Great Northern pfd. -. Gulf States Steel - Houston Oil -. Illinois Central — International Int. Mer. Marine pfd. Int. Tel and Tel. invincible Oil — Kelly Springfield Tire ~. Kennecott Copper --. Louisville and Nashville - Mack ‘Truct Marland Oil ~ Maxwell Motors A Middie States Oil -~-.-.. Missouri Kan. and Tex. Missouri Pacific pfd. . National Lead --. New Orleans, Tex and Mex. New York Centraj ----.--. N. ¥., N. H. and Hartford .. Norfolk and Western -..-... Northern Pacific .-.-----.-- Pacific Oil --.-..--. Pan American Petroleum B-. Pennsylvania Harvester Republic Iron and Steel --.._ Reynolds Tobacco B ------.- Seaboard Aid Line --.. Sears Roebuck Sinclair Con, ,-. Sloss-Sheffield Stee! & Iron .. Southern Pacific ---.-----... Southern Railway ~..-...----- Southern Railway pfd. —--_. Standard Oil anf Cal - Studebaker Corporation ~. Standard Oil of N. J. -. Texas and Pacific -. Tobacco Products -. Transcontinental Oil ‘Union Pacific: ... United Drug ---------------< U. 8. Cast Iron Pipe -. U. 8S. Ind. Alcohol ~. United States Rubber United States Steel - Utah Copper Westinghouse Electric Overland Woolworth Standard Oil Stocks 4% 15% 6364 38° 42 127129 Anglo -.. Buckeye ~. Continental Cumberland Galena ~ Tiinois Indiana Nat, Tran, N. Y, Tran -. ir, Pipe Ohio Ol - Prairie on Prhirie Pipe Solar Ref. Sou. Pipe 8. O. Kan. ~ 8. 0. Ky. Ss. O. Neb. 8. O. N. Y. -. 8. O. Ohio Vacuum . Ss. P. OW .. 8. O, Ind. Cat Creek - Lance Creek Osage Grags Creek, light --.. Grass Creek, heavy - Greybull -. Teorchlight Elk Basin Rock Creek Salt Creek Big Muddy ~ Mule Creek Sunburst Hamilton Dome Ferris .. Byron Notches Pilot Butte Lander METALS NEW YORK, July 28. — Copper firm, electrolytic spot and nearby 13%c; futures 18%c. Tin easy; spot and futures $48.25. Iron steady; No. 1 northern $19.50 @20; No. 2 northern $194P19.50; No. 2 southern $18@18.25. Lead steady, spot $7.25. Zine firm, East St, Louls spot $6.08; futures $6.10. Antimony spot $8.62, . Bessemer .. Big Indian ____.. Bosten Wyoming —— luckstone Salt Creek Chappell Columbine Central cipe ~~. Consolidated Royalty — Cow Gulen ....2. Domino - Elkhorn ET. wi Fergo -.--..--..-.- Frants — 8 Gates Jupiter Kinney Coastal ~.... Lance Creek Royalty . 09 00% 3.00 Mountain and Guilt New York Oil... Picardy Preston Red Bank ~ Royalty and Sunset -. Western Exploration — 3.25 Western Oil Fields -.. 15% Western States — 15 Wyo-Kans -....--.... .90 Y on NEW YORK CURB Mountain Producers lenrock Oil Salt Creek Pras, Salt Creek Con: Ohio Ol Prairie Pipe Prairie Oil Mutual s. CHICAGO, July 28—Hogs—Re- ceipts 37,000; very active on better kinds; unevenly 40 to 70 cents higher; slow sales; shipping demand tive; top 10 ; bulk good and chol 150 to 240 pound weight $10.16 $10.40; packing sows $8.30@$8 Good and cholce strong weight slaughter plgs $9.50@$9.75; heavy weight | $10.00@$10.15; ‘medium weight $10.25@$10.50; Nght weight $9.80@$10.50; light lights $9.40@ $10.40; packing hogs smooth §8.50@ $9.00; packing hogs rough $8.10@ $8.50; slaughter pigs $8,75@$9.85. Cattle—Receipts 17,000; yenerally active market; beef steers, yearlings and desirable grades beef heifers 15 to 40c higher; mostly 25 to 35¢ up; inbetween grades fed sters and yearlings showing best advance; ac- tive shipplng demand; top matured Steers $11.60; average weight 1,395 pounds; some 1,153 pound averag $11.40; several loads handy and weighty $11.00@$11.30; bulk fed steers and yearlings $9.00@$10. bulk fat cows showing advances; bulls strong to 15c higher; best heavy bolognas around $4.85@$4.00; few $5.00; vealers strong to 25¢ higher; bulk to packers early $9.25@9.50; out- siders paying $10.00 and better; stockers and feeders. in moderate supply; trade firm; bulk early sales stockers $5.50@$6.60. Sneep—Receipts 16,000; slow; fow early sales; fat native lambs strong to 25e higher at $14.75@$13.00; few to city butchers $13.50; no action on Westerns; asking around $14.00; cull natives steady at $8.50@$9.00; sheep 25 to 50c higher; 120 pound range ewes to killers $7.00 feeders steady. big packers in OMAHA, July 28.—Hogs— Receipts 9,500; fairly active to ship- pers; generally 35@50c higher; big packers holding back; talking slight- ly higher than Saturday; bulk 200 to 300 pound butchers $9.75@10.00; top $10.00; bulk desirable 160 to 200 pound averages $9.50@9.85; few sales packing grades $8 00; smooth sows upward to $! bulk of all sales $8.75@10.00; ave } weight 26 yearlings and she stock active; 10@ 26c higher; grassers steady to strong; bulk steers and yearlings $8.50@ 10.50; top medium weight steers $10 mixed yearlings $10.00; grass cows and heifers $3.50@5.60; fed cows upward to $8.75; other classes gener. ally steady; bologna bulls $4.40@4.75; best vealers $7.50@8.50; stockers and feeders $6.00@7.00. Sheep—Recelpts 18.500: lamba ce 2he eae; bulk fat range lambs ; top $12.75; natives 5; range yearlings $8.50 @8.75; sheep strong, best weathers feeders mostly 25e higher; early top range feeding lambs $11.65. DENVER, Colo., July 28.—Hogs —Receipts, 1,400; half of run through to California; generally 50 higher; desirable drive in, H few drive ins, $10.00; packing sows, $7.00 to $7.25; f head, 50; fat pigs, 0 to $8.25; stock rade scarce. Cattlo—-Receipts, 2,600; generally undertone firm on most all 00d steers, $8.40 to $8.60; | Prairie 785-pound yearlring steers, good mixed yearlings, $8.60; grass heifers, $5.00@5.50; few loads cows, $4.65 to $5.65; canners, 150; few, 00d heavy bulls around $4.50; vealers, $8.50 to $8.75; few loads médizm stock steers, Sheep—Receipts- sales generally killing classes one load 75-pound Idaho $12.00; lots ewes, $4.25 to $5.50; few loads fat lambs unsold. Ae POTATOES 6.—Potatoes- total 1 Kansas sacked CHICAGO, July 2 Weak; receipt 8. shipment Irish Cobllers, $1.20@1.30; tow sales early up to $1.40; sacked Early Ohios, around °$: Virginia be rel Cobblers asking $2.90@3.00 practically no sales. 2 Ge TEADILY Cut In Mid-continent Oil Slightly Retards Market Climb NEW YORK, July %28.—Another cut In mid-continent crude oll prices temporarily interrupted the upward movement of prices jn today's stock market, which was featured by the strength of merchandising and mail order stocks, Steady accumulation of the rails and a sudden demand for the steel shares sent prices head- ing upward again towards the close. Sales approximated 1,100,000 shares, eastern railroad shares again assum- ed leadership of the advance in the stock market as the eighth consecu- tive week of rising prices was usher- ed in today, Lackawanna mounted to a new 1924 high record and Erie, Chesapeake and Ohjo and Louisville and Nashville scored good gains. Specialties were in demand, Ameri- can Waterworks advancing almost two point Prospects of Increased buying from the agricultu due to ris ing pommodi , carried the mail stocks, Sears Roebuck and Montgomery Ward and Interna- tional Harvester to the year’s high- est levels. Buying became more dl- versified as trading progressed, ad- vances of one to more than three Points embracing American Ice, As- sociated Drygoods, Pittsburg and West Virginia Preferred, South Porto Rico Sugar and G. R. Kinney. So.yern Railway preferred was ad- ded to the lst of new high records scored by the rall shares. Some pro- fit taking was evident in the cop- pers and low priced oils, Foreign exchanges opened easy. Heavy selling of the ofl shares fol- lowed’ the announcement of another in Mid-Continent crude by the nd Sinclair companies en- profit taking in other sec- tions of the list and gave the market an irregular appearance around the noon hour, In the early burst of bullish, Enthusiasm, however, another flock of new high records for the year were established by such issues s American express, Associated Dry Goods, G. R. Kinney and company, order William Wrigley, Public Setvice of | N New Irey, Flelshmann company, Island Common, southern Pacific, Baltimore and Ohio preferred, l- Rock Island Common, southern Ps fic, Baltimore and Ohio preferred, Tl- linois Central and Utah Copper, the gains ranging from small fractions also developed in th chemical and sugar issues. In the oil group, shell Union preferred dropped 1 5-8 and Producers and Refiners one. Call money opened at 2 percent. Further irregularity developed dur: ing the early afternoon coppers fall- ing back on profit taking despite sales of the red, metal above 13 cents a pound. Motors, particularly the Maxwell issues, again showed signs of strength. record the , = Zlectric and Sterling 2 or more points 's closing prices. » closeswas firm, A brisk do- mand for Steel shares, which sent United States Steel common up two points to 103% stiffened prices else- in the late é s coppers and tobaccos prominent part in the recov AMERICANS TO PUSH ACTION (Continued from Page One) In announcing the for ing of the two notes, Mr. Grew said he had received advices from the minister announcing the delivery of the com- munications Saturday to tle Persian authorities. Ihe communication de- livered to the Persian foreign minis- ter on Saturday indicated that the United States expected the Teheran government to meet the expense of sending an American war vessel to & home the body of Vice Consul Imbrie and to furnish military guards for the American legation and consulate for such time as might be necessary. In conclusion the American com: munication said that the Washing- ton government “cannot over em- phasize the seriousness of the view which is taken of the present situa- tion.” . A flat statement was made that continuance of American diplomatic and constlar representation in Porsia “will be dependent upon the action which the Perstan govern- ment may take in this case to vin- dicate” the principals of interna tional law. where SE aa ated U.S. FLIERS TO.TAKE OFF WEDNESDAY BOARD,. U. H, Scotiand, Associated Press) n army airplanes on fight are expected to take Brough Wednesday same day at Houton ding to det 8. RICHMOND, July —(By ‘The Ameri the world off trom arriving the y, In the Ork- 4 plans tor aval patrol of the route of the rant-Atlantic flight announced to- y, by Retr Admiral Thomas P. fargruder, commanding the Méght truiser division, Specialties continued to |: stman | Livestock :: All Markets ON WIDE SALE Sharp Declines at Opening Are Overcome Later In Day’s Dealings CHICAGO, July 2%.—Wheat un- deérwent sharp setbacks in price to- day during the early dealings, Re- ports of better weather in the Ca- nadian northwest had a bearish in- fluence and the European markets were uresponsive to Saturday's late advance on thts side of the Atlantic. The declines here, however, led to increased buying and brought about sharp transient ralljes. The trad- ing was on a broad scale, with tndi- vidual operations having little ef- fect. Opening prices, which ranged from 1 to 2 cents lower, September $1.3314@1.34% and December $1.36 36%, were followed by. rapid fluc- fons that carried the market 3 cents or more under Saturday's fin- ish, Despite wheat weakness, corn av- eraged higher. Unfavorable crop reports, notably from Indiana, were bullish factors. After opening 1%c 1%¢ higher, December the market steadied ‘at about the same as Saturday's finish to 1 cent above. Oats were easier, with wheat. Starting at %c decline to %c gain, September 51@51%c, prices later showed a general sag. Provisions responded to a decided upturn in hog values, Greatly Increased corn later in sharp further gains, and new crop months autdid previous high price records for the season. The close was unsettled, 1%¢ to 3%c up, September $1,081 to $1.08% and December 9 to 98%e. Subsequently, big wheat reecipts at Kansas City gave an advantage to the bear side, and so too did 2,- 261,000 bushels increase of the Unit- ed States visible supply total, but notwithstanding this, the market later showed sympathy with an an vance in corn values. Wheat closed unsettled, % to 1% cent lower, ‘Sep- tember $1.34% to $1.34% and Do cember $1.37% to $1.37%. Wheat—No. 12 red, $1.35%: No. > hard $1.34 1.35 14. mixed $1.10% @1.10%; sympathizing buying Rye—Unquoted, Barley—76@80c. Timothy seed, Clover seed, 12 Lard—$13.42. Ribs—$12.00. Bellies—$13.00. Open High $6.25@8.00. 75 @21.00, Low WHEAT— July 1 1.36% 1.35% 1.38% 1.83% 1.31% 1.34% 111 1.09 99% 1.09% 1.06% 94% 54% 58 54% 50% 52 48% 13.27 13.40 - 19.25 18.52 ----- 13.40 13.62 RIBS— July Sept. Oct 12.27 13,25 13.40 18.42 13.50 13,60 12.00 12.00 12.00 11,82 11.95 13.90 12.90 - 13.30 July Sept. - Oct. - 13.00 13.05 13.30 12.00 12.87 13,20 13.00 MINNEAPOLIS, July —Cash No. 1 northern, No. 1 dark northern spring; choice to fancy $1.51@1.58; good to choice $1.42@1.50; ordinary to good $1.37 @141; July $1.35%; September $1.36; December $1.38%. Corn—No. 3 yellow $1.0741.08. Oats, No. 3 Bias 53% @53%c; bar- ley 62@ » No. 2, 91% @91%; flax, No, 1, Pay 4. Vistble Grain Supply NEW YORK, July 28.—The vis ible supply of American grain shows the following changes in bushels. Wheat—Increased 2,262,000. Corn—Increased 94,000, Oats—Decreased 809,000, Rye—Decreased 100.000, Barley—Decreased 21,000, MINNEAPOLIS, July 28.— Flour ten cents lower to 20 cents higher; family patents $7.85@8.10. Braw § MONEY NEW YORK, July 28.—Call money steady; ‘high 2; low 2: ruling rate closing bid 2; offered at 2%; last loan 2; call loans against accept: ances 1%. Time loans steady; mixed collateral 60-90 days 2%; 4.6 months 303%; prime commercial paper 3% 43% (tactical CORN TRADES ON INCREASE CHICAGO, July 28.—There was a big increase of trading in corn to- day, the volumo of transactions eclip- sing at times the extent of business in wheat. May delivery of corn sola at $1 4 bushel, the highest price ever known for that delivery at this son son of the year under normal cond. tions, In connection with the bulge in corn values, the hog market went soaring. Hogs showed an advance of 70 cents a hundred weight since Saturday. The hog market was up to $10.50, surpassing predictions a few weeks ago that reach $10.4) by October i, TSEM si Gas By Tenth. Rock Springs is to be supplied with natural gas for the first time on August 10, according to an- nouncement made by the Fremont Natural company which holds the franchise. This company ts the distributing subsidiary of the Producers and Refiners corporation, and is at present operating at Riverton, Lander, Hudson and Mills in this state. Guernsey Test Drilling. Carrying its string of 15%4-Inch casing, the Guernsey test being drilled in Platte county by the Platte River Drilling association is down more than 1,000 feet. ou contimues to make a showing in the shales. Record Dividend Payer. The Wyo-Iil. Oil company having leases in the Lost Soldier field, Carbon county, operated by the Producers and Refiners corporation, has been paying a regular quarterly dividend of 10 per cent for some time, besides building up a consid- erable reserve. ‘The company’s dl- rectors now believe that the reserve has been made large enough to per- mit monthly dividends of 10 per cent without touching the reserve. This would make the yearly return 120 per cent. At this time the com pany is disposing of more than 1,000 barrels of ofl a month, Large Valuation Increase Sweetwater county, according to its assessor, shows an increase in valuation this year of at east $3,000,000 more than that of 1923. The total valuation for the county fs about: $41,250,000. The increase is largely due to improvements in Rock Springs. To Drill Rex lease on Rex Dome, Albany county, held by Harry P, Hynds of Cheyenne is to be drilled by the Sin: clair interests in the near future, ac- cording to reports coming from Lara mie. The well will be put down on sec. 26-16-77, It is said that O. B. Daugherty and J. B, Russell of thie Mamnmioth Ol company, Casper, have recently been at the lease selecting a camp site. At present there are five wells dril- ling on Rex Dome. The Ohio Oil com: pany which has one producing well there making about 500 barrels dail on the pump, is drilling-three holes, while independent concerns are dril- ling two. A To Drili Carter Carter Dome in Uinta county is to be completely tested by the Consoll- dated Ol! Flelds corporation, of Colo- rado, which has taken over the hold- ings of the Wyoming-Uinta Oll com- pany. The well will be drilled on 217-116. The Consolidated y ia closed corporation capi- talized at $1,000,000 and has no stock for sale. In addition to having acre- age on Carter Dome, the company has leases in the Big Piney and La- Barge fields which should receive at- tention before long. Jay Em Test Material has been hauled to the Jay Em structure in Goshen county Where a rig is soon to be erected by the Foreman syndicate, At present the Foreman concern is drilling Ra whide structure at a depth of about 2,250 feet. The sand is expected at any time now MARKT WALL Street Prairie Ol] and Gas mid-continent crude ol! 15 to cents a barrel, according to private dispatches received here. compa Briefs, has reduced NEW YORK, July 28.—Prices of Wyoming oils at 2 p. m. today were listed on the New York curb as fol- lows: Standard Oil (Indiana) 57%; Moun- tain Producers 18%; Mutual 10%; Salt Cr k 24%. Bar silver dollars 52%, LONDON—A skeleton, believed to have been that of King Richard IIT has been unearthed and presented to the Leister museum No. 2 temper screw, Ajax Engine, 12x12 47-H. P. Boiler, new. Located 16 miles wi 20-inch Drive Pipe, 90 lbs 15%-inch, 70 lb. DBX. 12%, 60 Ib. DBX. 8%, 32 lb, Coalinga. 6%, 24 Ib, Coalinga. Also about 50 joints of 8 weight suitable for drilling All of the above lo For inspection apply hogs would up to 2 ed on 29-! Camp, Lost Soldier, except 1000 fect of 6% on ground or LABOR AUTHORITY T BE TESTED Ov Rail Employes Claim That It Has No Juris- diction Over Them CHICAGO, July 28.—The U States raflroad labor board p poned until September 8 hearing on the controversy engine operatives and the carriers. ARD CHICAGO, July 28. GBy the seociated Press).—The ‘Unit States labor board prepared ° answer the challenge to its avthor. by representatives of the Brot! erhood of Locomotive Engin and the Brotherhood of Firemen Enginemen. Members of the board, at ti opening of the hearing today in th controversy between the two broth erhoods and the westernr ct over wage increases and changes working rules, were armed with legal opinions and court ruling: with which they will attempt to} establish their right to summon} parties to the dispute before th board, and demand that they submit! their case to the jurisdiction of t) governmental tribunal. The two brotherhoods on Friday formally notified the board that they would not submit testimony in) the case. It was the contention of the organizaions that the board had no authority to assume jurisdiction of the dispute without the consent of both parties to the controversy. LAWYER KILLS HIMSELF OVER PARENT GRAVE TULSA, Okla of Benjamin F. Rice, Tulsa attorney, was found huddled over the grave of his fathe: Benjamin F, Rice, Sr., former Unit-| ed States senator from Arkansas, fn} a local cemetery. There was a bul- let wound in his right temple and al note found on his body indicated| that he had committed suicide, pease mnie abdape st <b SMILEY TO HEAD DENVER SCHOOL DENVER, Colo, July 28.—Dr. William H. Smitey, assistant super- intendent of the Denver ptbile schools, has been formally chose! superintendent emeritus of the city’ educational system, it was announced at the office of the board of education Dr. Smiley has heen connected with the Detver school for 40 year haying came here from Massachus etis 42 years ago. He was born in Maiden, Massachusetts and received his education there and at Mopse- head, Maine, Io worked his way through Harvard university and was a classmate of A. Lawrence Lowell, president of Harvard. pthc 24 Se aS BOY IS HURT AT BALL GAME William Kaufman laceration about afternc suffered the face yesterday nm when he was struck by a baseball. He was treated at the County hospital a to go to his hom FOR SALE National Drilling Rig, with calf wheel, complete. . been used only for drilling three 500 foot holes, Tool wrenches, swivel wrench, forge and small tools. Has- st of the Bair camp at Lost Soldier. Apply to man in charge at camp for inspection. A. C. GEHR, P. O. Box 157 Rawlins, CASING FOR SALE 10-inch 500 feet 16 miles west of Bair 6, which is at Rawlins, and casing of lighter of A. C. GEHR, P. O. Box 157 Rawlins.