Casper Daily Tribune Newspaper, July 29, 1924, Page 7

: Che Casper Daily Tribune PAGE SEVE F ord Statement Denying Price Changes Helping By J. C, ROYLE, « (Copyright, 1924, Casper Tribune) NEW YORK, July 29.—The state: ment of Edsel Ford, president of the Ford Motor company, to hig branch managers, that no further price changes were contemplated at pres ent for Ford automobiles, has re- moved one of the most disturbing ele- ments in the industry. In conse- quenee, production at other plants is showing improvement. While there was danger of Ford Price changes, production was held up all along the line, but now execuy tives of all factories are now golng ahead confidently, Industrial em- ployment figures in Detroit, regard- e@ as an accurate barometer of the trade, increased 891 last week. It was the first employment increase in four months. A further turn for the better is expected this coming week, although all summer inventori still in pro- may hold back activities Close students of the automobile business are turning to the belief that the peak season of the industry hereafter will be in the fall instead of the spring. This is based on the growing preference of buyers for closed cars. Nearly 40 per cent of all Fords now manufactured are closed models, while more than 50 per cent of the Hudson carsare of the closed type. One large company will offer both its closed and open models at the same price on September 1. As indicating the improvement in manufacturing activity, the Saginaw Malleable Iron company, @ branch of General Motors, has resumed opera- tions and the Gray Iron foundry and the Jacox plant at Saginaw are working at 50 per cent of Ford dealers and bankers closely associated with the automotive in- dustry are watching closely for a move along financial lines by the Ford company, @ is no secret about the fact that an enormous eash surplus has piled up in the Ford treasury. This money, up to the present time has been distribut- ed among the banks of the country Commodity Tents. KANSAS CITY.—There is a brisk business at present in tents and automobile touring equipment, in- cluding tops, side curteins, seat and tire covers, There is especial de- mand for the so-called umbrella tents which can be rapidly erected and dismantled, Livestock. SEATTLE.—Rapid advances have been recorded in the last few days in all Pacific northwest livestock markets with prime hogs bringing top prices of the year $9.50 to $9.75 a hundred and prime steers up to $8. Steel. YOUNGSTOWN.—Immediate bet- terment of conditions in the fron and stee] industry is predicted by Gustave Kahn, sales manager for ‘Truscon Steel and at present acting head of the company. Mr. Kahn bases his predictions on the large volume of inquiries and on reports from, field men. ps eer ATLANTA, Ga, July 29.—Each day of the torrid temperatures under which Georgia is sweltering is worth $1,500,000 to cotton growers of the state, according to J. S. Peters, president of the Georgia Bankers’ association, wha estimated that 10,- 000 bales of cotton a day are getting beyond reach of weevil damage, The crop can stand 30 days of drought and still mature, owing to the moist- ure put in the ground by heavy spring rains. Farmers are not con- cealing their elation, but retailers are being hit by the hot weaher which is keeping shoppers indoors. Wholesalers are being benefited by orders for fall from the rural dis- trict and better demand for cotton goods. DETROIT, Mich, July 29.—Re- versal of the falling off,in employ. ment and an increase in the demand for raw materials are the outstand- ing features of the industrial situa- tion here. Loans are increasing at local banks, but the most encourag- ing factor for increased automobile production is reports from the w: ern farm districts that more cars are being sold. Dealers in Towa, Ne- braska and the Dakotas have changed their tune and now say they expect to take more care this fall. Automobile makers sro pretty well cleaned up of old stocks and expect gradually to increase output for the next six weeks, State registration of automobiles shows increased sales in Michigan, Cars are now being registered at the rate of 1,000 a day as compared with 600 in June, ST, PAUL, Minn., July 29.—The northwestern railroads have estab- lished a reduced fare for harvest workers andare advertising the labor requirements of the various districts and the wages paid. The Northern Pacific estimates its territory will require 15,000 outside men, while the Great Northern survey shows 1,000 needed. Wages are ranging from $2.50 to $4,00 a day and board. DETROIT, Mich., July 20—There is a heavy, and continuous move “To Stabilize Industr BUSINESS BRIEFS Bonds :: Stocks New York Stocks Last Gale Finance OJL SECURITIES’ Alljed Chemica! & Dye 8 738 American Can -------~-----— 122% | Big Indian ___ 06 9.07 American Car & Foundry ---- 172 Boston Wyoming ~... .’0 85 American International ---. 22% | Buck Creek —_. st 16 American Locomotive ------ 79% | Burke 26 28 American Smelting & Refg. 0% | Blacks’ 28 30 % @ |'American Sugar .---—------- 47% Chappell — 36 1B 22% ‘olumbine ~- 1 and thi is an inffresston at this eee sae! and Tel. -. 4 Ol Gentral eipe coc i pt time thilt those banks have been fa-| American Tobacco ----—-—-- 149% | co iiasted Royaliy J 120 13 vored which have been most liberal| American Woolen ----a—-—--— 74% | Como ante = 18 in finanetrtg Ford dealers and dis-| Américan Zinc, Lead and Bm 8% Demino . i Kt} counting their paper, § | Elkhorn 04.08 Tho Fore company has exacted| Atchison - —eorepre—e= JW Ty Wiliams... 288 high rates of @terest on their cash} Atlantic Coust Line --.---.-. 129 moe apogee 4 80 deposits and in some instances banks | Baldwin Locomotive --------- 118% have not shown great anxiety to se-| Baltimore and Ohio --...--. 62% cure this business and have declin-]} Bethlehem Steel ------..---- 43% ed to pay the rate demanded. California Petroleum ~—--. 22% The trade and the automobile bank-} Canadian Pacific ----------- 147K ers, cere exticipasing. ite. Central Leather .-------.--- 13% Possible formation with a part of this| Cerra de Pasco aeceronsen 484 money of a finance company to| Chandler Motors -..----.--- % (oi dt Amram tged as handle the paper of Ford dealers. | Chermpeake and Ohio ---.-— 88% |New York Oll —----.. 9.00. 11.00 we Gp Havana wa gochate Di Chicago and Northewestern - 624%] Picardy __ = 02 04 "| Chicako, Mil. & St, Paul pfd, 27%] Preston __2_, D1% 02 Ruaroial Denice but many dinancleral Chicago, R. I. and Pageree—-- 95. | Red Bank -------- cath “ar + eve if some of the Ford gur-| chile ‘Copper wee-e-ew=- 31%4| Royalty and Producers... .06 | .07 plus were invested in a finance or ac-| Coca Cola es y 73%4 | Sunset 06 08 rier corporation, _cmmanized| Colorado Fuel and Ion ----- 45% | Western Hxploration 925 3.40 som: ; t ~ . . those of the General Acceptance cor- | Conse'eum | -- warreeT slip | Western Ol) Fisice 25% 18% Consolidated Gas -...-.------ 70% | Western States ~ wll 16 poration of General Motors, it would} ~~ mm high interest and at the same| Comm Products, new 23% | Wyo-Kane 901.00 time give the company valuable sales} Cosden Of -. ren s- 284) ¥ Ol. -..- 30h. OT aid. Such a project, if it is planned, | Crucible Steel - wewwenn= $54! NEW YORK CURB CLOSING has not yet passed the embyronic| Cuba Cano Sugar pfd. ------ 65% | Mountain Prodycers . 15 19.00 stage, however, Davison Chemical 68 |Glenrock Oil The demand for new models has |.u Pont de Nemours . 127% | Salt Creek Pras, — shown a decided improvement re-| rie aaawnerenewenerem—= 94% | Salt Creek Cons. _ cently but manufacturers and deal-| Famous Players Lasky ------ 85% | Onio Oil — 61.00 ers are wondering whether too fre-]| General Asphalt Prairie Pipe 103.00 105 quent changes in models is not pro-| General Electric -. Prairie Ott 218.50 214.50 duetive of disastrous after-effects,| General Motors ----... 14% | Mutual 10.75 11.00 Frequent body changes, dealers de-| Great Northern pfd, -. 67% |S. O. Indiana - - 57,60 67.75 clare, mean losses to those who are}Gulf States Steel ----. 73% = carrying stocks of old models and| Houston Oil ------—.-. 70 serves to create bad feeling among] Mlinois Central — a u% buyera, They assert that a prospect| Intermational Harvester sc. 9514 LIV! who would purchase a 1924 model in| Int, Mer. Marine pfd ---.... 36 May and has a new model made by! Int, Te) and Tel.icvgecavecce- 76% the same people come out in May, is} Invi NB: OF ecco: Sis likely to be disgruntled since the in- wvincible Il <reweenwnwemnm 13 _. Chicagn Prices. Kelly Springfield Tire ------- 15%] CHICAGO, July 29,—(1 De- troduction of the new model reduces] yz, 7 / eee th A handlice tease ve) Kennecott Copper -. partment of Agriculture.)\—H he cane and oF trade value of} Louisville and Nashville Receipts, 18,000; desirable grades, i ies Mack Truck -. uneyen, 40 to 70e higher; ght Dealers who received heavy stocks Tre iahere Het of new cars this spring have made Marland Oil ---. weights show full advancts; slaugh desperate efforts to clear them and Maxwell Motors A ter pigs, 75c up; packing sows, 20 are taking used cars at high valua- Middle States Ol) ~---e.eee-- 1% |to 40c higher; lower grades, dull; tions in part payment. In conse.| Mi*scurl Kan. and Tex. #| ight receipts and active shipping quence, it {s estimated that there are | Missquri Pacific pfa. demand; big packers bidding steady now over 600,000 used cars unsold in| National Lead ...--~-0- with turday or $8.00@8.50 on dealers’ hands. This constitutes a| New Orleans, Tex and Me: common and* medium kinds; top, New York Central $11.15; bulk good and choice 150 to heavy burden upon the industry as a whole, N. ¥., N. H,, and Hartford 250 pound weight, $10.90@11.10; de- Norfolk and Western sirable 260 to 330 pound butchers, Northern Pacific -. $10.50@10.65; bulk packing sows, Pacific Oil $8.60@9.15; bulk better strong al . Pan American weight killing pigs, $10.25@10.50; Trade News Pennsylvania ~-.--~»~ heavyweight, $10.40@11.00; medium Producers and Refiners -.-. 28 weights, $10.309@11.15; lightweights, Pure Oil .. wewnare 24% | $10-60@11.15;. Heht lights, $10.00@ Reading . weneree 60% | 12-00: packing hogs, smooth, $8.90 Fruit. Republic Iron and Steel --.. 4714 | @9-49; packing hogs, rough, $8.40@ ATLANTA.—The peak: of the} Reyonlds Tobacco B 8,90; slaughter pigs, $9.50@10.60. Elberta peach movement was Cattle—Receipts, 8,000; generally reached late this week with returns steady to strong; spots shade higher ranging from $1.25 to $1.75 a crate,| Sinclair Con. ~.--0---------- 17% |°? better grades grain fe d steers, which gives ttle profit to the] Sloss-Sheffield Steel & Iron — 64% | Yearlings and fat she stock; grassy growers. The latter have been hit] Southern Pacific and short fed kind, all classes, dull; Southern Rallway -. Southern Railway pfd. broad shipping demand; grassy cows selling at $5.00 down, almost unsale- able; killing quality fed steers, run hard by late shipments on white peaches. Wheat, riser fan i te ace oy medium to good; few strictly choice 7] Ne Ve ee: . 4 pers, CHICAGO.— Absence of wheat) gtudebaker Corporation -.-- 37% ner: FO eens stir rust through the wheat growing | 'Texagy Co, -.--------. swe ; nad), MLO sections of the northwest will mean] texas and Pacitic .. best yearlings, 25; 8 strings, $10.00@10.75; bulls, compara- tively ce;, weighty bolognas, up- ward to $5.00; grass bulls predom!- nating at $4.50 downward; buik veal calves, early, $9.50@10.00 to packers; outsiders paying upward to $10.50; a saving of millions of dollars to farmers this year, the growing dis- tricts repert. It is estimated that 30,000,000 bushels of wheat will be saved by the elimination of rust. Tobacco Products Transcontinental Oil Union Pacific .--.. United Drug -.----.. U. 8. Cast Iron Pipe ...-. U. 8, Ind. Aleohol -.... — 2% feeders more numer Textiles. 7, oa 2 stockers and feeders ' WEBSTER, Mass.—The Slater | United States Rubber ------- 314 | ous; trade slow, weak to unevenly mills here may be closed owing to | ; lower; run includes severa! loads Utah Copper . Westinghouse Willys Overland Woolworth Montana grassers in stocker flesh; thin light Canadian stockers, $4.50. Sheep—Receipts, 13,000; fat lambs, around stead, sorting moderate; bulk native, $12.75@13.00; early bulk western lambs, $13.25@13.50; ship- pers, $13.75; top to city butcher $13.85; culls, $8.50@9.00; clipper yearlings, $10.50; sheep and feeders, steady; odd lots fat ewes, §5.50@6.50. a dispute with the tov’n authoritie: The president of the company says unless New England Power com- pany is granted permission to sell power to the mills, he will close the plant, which employs 1,300 workers. ——_ Buckeye . 6 ations. Continental - pram) |e, ok Omaha Qo en ee conted Cumberland 127 (129 Petemaent invent ts to oot aes Galena 57 | States Department of Agriculture). ment of tourists into northern Mich- Winols 2 Hogs—Receipts, 8,500; good and {gan and resorts there are doing an|tndiona "~~ 485 | cholee medium and light butchers excellent business. Special trains |x, Re ohio 2 @50c higher; other i At, TYAN, aewncenew--e 21% 22%] to shippers, wi 3 are now being run, with Indications ‘% Tran’. grades moving slowly at around of a still heavier volume of traffic] Nor. Pipe ~~ Steady prices; bulk desirable 180 to in August, Ohio Oil -. %€0-pound butchers, $10.00@10.40; Prairie Ol lop, $10.50 k 250 to 825-pound JACKSONVILLE, Fia., July-20.—| Prairie Pipe butchers, $9.75@ 10.10; packing sows Construction now under way in Flor-| Solar Ref, mostly $8.75@9.00; smooth grades ida cities and towns will require ex-| Sou. Pipe upward to $9.25; rough downward to penditures “of $35,000,000. Much of $8.50; odd head unde : bulk of this is in the form of hotels and all sales, $9.00@10.2 age cost partment houses to take care of yesterday, $9.37; weight, 255. tourists expected next season. Cattle.—Receipts, 3,700; fed steers, yearlings and she stock active; 15@ 25c higher; spots up mor 1,330 pound steers, $11.35; y $10.90; bulk fed steers and y $9.00@ 10.50; all other classes steady to strong; bulk grass and heifers, $3.75@5.75; fo cows upward to $8.50; shippers up to $9.00; can ners and cutters, $2.25@3.50; bolgena bulls, $4.50@4.75; practical veal top} $5.50; stockers, $5.50@7.00 Sheep—Receipts, 16,500; lambs, strong; early sales fat range lambs, $12.65@12.76; some held at $18.00; 8. P. Ol .. Ss. O. Ind. (o—errerpeeneee he CRUDE MARKET Cat Creek <.cccreccpeccecne: Lance Creek Osage — Grass Creek, li Grass Creek, Bond Clearings Projected. Plans to simplify bond trans- actions, eliminating the cumbersome method of physical handling, are in- volved in a proposal for a bond clearing house which has been sub- mitted to deale and investment bankers. The suggested system pro- vides for organization of a mutual institution, described as a security bank, which would contain active sues of bonds traded in on the cows New York stock exchange. Greybull -.-. native, $12.25 @12.50; sheep, 10 to 1fo Torchlight .. higher: ewe top, $10.50; feeders, 15@ ‘The Standard Oil company of New Elk Basin 26c higher; early sales range feed- Jersey today annaunced reductions| Rock Creek -. ing lambs, $11.75911.90; some held of 1 to 1% cents a gallon in the] Salt Creek --. waebcene 4,10| higher, price of export naphtta and a cut| pig Muddy -...-.-. eww 1.25 ~ of % of a cent in? the price of navy] yrule Creek Denver Prices. soline. Sunburst --. ata Ha: r DENVER, Colo., July 29—(U. 8 Hogs Higher Suis al “elas Department of Agrioulture.)—Hogs —Receipts, 1,800; generally 75c to CHICAGO, July 2@--The price of | Byron $1.00 higher; top, $11.25 for choice hogs crossed another dollar mark] Notches -.... 186 pound weights; good and choice today when desirable weights were] Pilot Butte .. 190 to 235 pound averages, mostly quoted at $11.00 in early trading.| Lander _ MEAL ati ne cacvake hoes. 3104} This was an advance of ten cents above yesterday's high mark, The $11.00 price was for desirable 160 to few light Ughts up to $10.00; fat ples, $8.50 to $9.50; packing sows, mostly $8.00; stock ples, scarce. Butter and Eggs — 240 pound weights. Cattle—Receipts, 500; calves, 60; Pas uneven; grassy who stock. slow CHICAGO, July 29,—Butter, high-|around steady; cows, $3.50 to $5.00; fed steers and higher; some fed kind held highe yearlings, mostly 25¢ m Yearlings up more; few steers, $8.75; POTATOES er; creamery extras, 3640; standard 3644c; extra firsts, 35@35%e; firsts, 34@34%40; seconds, 32@33c. CHICAGO, July 29.--Potatoes Eggs—Steady; ecelpt 24,384] g004 1,000 pound kind, $1.00; best slightly stronger on sacks, weak on| cases; firsts, 26%4@27%c; ordinary | yearling steers, $9.50: averaging 463 barrels; receipts 74 ¢ars; total U, 8.| firsts, 251%; @26c; storage pack firwts,| pounds; 835 pound mixed yearlings, shipments 458; Kansas encked Irieh | 28@28%4c. $10.00; others, $9.55; choice 821 Cobblers, $1.25@145; few fancy —_——— pound fed helfers, $ canners, $1,50@1.55; Virginia barrel Irish Cob-| For results try a Tribune Ciag-| 91.50 to $1.65; bulls, weak to 250 blere $2.50@2.75, ; wified Ad lower; early sales, $5.00 to $4.25; flat. % e :: Grain NEWS AND QUOTATIONS B¥ LEASED \ INDUSTRIALS UPIGRAIN PRICES IN STOCK MART Rails Superseded as Market Leaders On Gotham Exchange NEW YORK, July 29.—Stock prices gave an impressive demon- stration of strength in today’s mar- ket, one of the most active thts year, Industrials superseded the rails as market leader with heavy buying of the steel, copper, rubber and merchandising Issues, many of which established new high prices for the year. Sales approximated 1,259,000 shares. NEW YORK. July 29,—Profit tak- ing sales caused considerable trreg- ularity at the opening of today's stock market, but the main price tendency continued upward. Cop. pers were in good demand as a, re- sult of higher commodity prices, Kennicott duplicating the year's high, Sugars also displayed a firm tone, Rails were mixed, Lacka- wanna opening a point higher. Reactionary tendencies practically disappeared after the first few min: utes of trading and the general list moved upward under the leadership of the industrial shares. The sud: den upswing in United States Steel common late yesterday ¢reated an atmosphere of optimism regarding the outcome of the quarterly meet- ing of the corporation late this afternoon Gulf States and Sloss Sheffield Steels each rising about a point. Merchandising tssues were again In, good demand, new high prices for the year being established by Me- Croy Stores B, Sears Roebuck, United Ci Stores and Mont- gomery Ward as well as by such issues as International Harvester, Famous Players and United Fruit. Union nk advanced three points and West Pennsylvania Power Foreign exchanges gpened steady. The advance preceeded with re newWed vigor in subsequent dealings with speculative interests turning to the specialty shares and bringing about gains of one to four points in International Combustion, DuPont, Universal Pipe preferred, United States Industrial Alcohol and Amer: fcan Express, Chain Stores stocks figured conspicuously In the trading, Woolworth, Kresge Department Stores and United Cigar Stores each gaining more than two points. At- lantic Coast Line jumped 8% points to-a new 1924 high and Pere Mar- quette also sold at the year’s best price on reports of progress in nego: tations for its merger with “Nickel Plate.” New Orleans, Texas and Mexico advanced a point following withdrawal of Louisiana's objection to its consolidation with the Mis- sourl Pacific. Call money opened at 2 per cent. Revival of speculative interest in the copper shares, based on another advance {n the price of the red metal to 13% cents a pound sent Utah, Kenntcott, Chino and Ray Consoll- dated to new high prices for the year in the early afternoon <rading. West Pennsylvania Power and American Waterworks common jumped about 7 points each while Pressed Stee! Car broke four points to a new 1924 low at 45, The closing was strong. Trading broadened considerably in the late afternoon with most of the so-called Van Sweringin stocks rising to new high levels for the year. METALS NEW YORK, July 29.—Copper, electrolytic, spot and nearby, futures, 13%. 4 Tin, steady; spot and futures, $48.25. Iron, steady; prices unchanged. Lead, firm: spot, $7.50. Zinc, steady; East St. Louis spot, $6.05; futures, $6.07. Antimony, spot, $8.67 MONEY YORK, July steady; high, 2; low, e, 2; closing bid, last loan, 2; call ceptances, time loans, 136; mixed collateral, 60-90 days, NEW easier; 2%@ 2%; 4-6 months, 3@3%; prime com- mercial paper, 3% @3%. Bull Creek Test. Test of the Bull Creek structure in, the extreme corner of northeast- ein Wyoming, Crook county near Colony, is down 300 feet, ufter hay: ing passed through a bentonite stra- tum. The Muddy sands are expect ed at around 600 feet. Extra Steel Dividend. NEW YORK, July 29.—Directors of the United States Steel corpora. tion today declared an extra divi- dend of 60 cents a share on the common stock In addition to the regular quarterly payment of $1.25 o sha oxtra disbursements of 50 cents a share had been made in the two preceding quarters. Total earnings of the corporation for the second quarter of 1924 were $41,381,039, contrasted with $50,- 075,445 in the first three months of the year. Surplus for the quarter amounted to $8,575,079, compared with $16,718,624 in the preceding quarter, calves, steady to 60c lower; top. $8.75; nome loads, $5.60 to $8.0) cows, $3.50 to $3.75. Sheep—Recelpts, 800; run all di- reet to killers; Jate Monday three loads desirable Idaho lambs, $11.75 Livestock :: All Markets T. WILLIAMS Co. GIVEN BOOST Resumption of Heavy Buy- ing Features Trading In Chicago CHICAGO, July 29.—On fresh waves of buying today, corn, rye, and provisions as well as hogs reach- ed new high price records for the season. Wheat, however, made a sharp downturn in value during the early dealings, and heavy profit tak- ing sales soon brought about decided setbacks in other grain. On the bulge in prices, May livery of corn reached as high $1.01 a bushel, September rye touc ed $1.00%, October lard, $14.00 and hogs, $11.15, all record breakers so far in 1924, , Favorable weather in Canada and the heavy movement of winter wheat in this country were largely respon- sible for the downward swing of wheat prices today and for the re. versal of the action of corn and of other grain after an early advance, Wheat opening prices, which rang: ed from 1140 lower te Te advance, with September, $1.84% to $1.55 and December, 31.87% to $1.87% were followed by many rapid fluctuations that carried the market as a whole about 2c under yesterday's finish. Corn started unchanged to 1%e higher, September, $1.09 to $1.09%, with the buying fever apparently un- abated. Soon, however,~the weak- nees of wheat began to tell and the market underwent a sudden fall of about 2c before beginning to rally. Werm weather favorable for corn growth tended later to case the corn market somewhat but renewed buy- ing lifted prices again at tht last. The close was unsettled, at the same as yesterday's finish to 1%c higher, September $1.09 to $1.09% and De- cember, 99 to 99%{e. Oats at the beginning ranged from ‘ge lower to %c gain, September, 51% to 51%c. Then a decline of about 1c ensued and the market steadied at a fraction under yester- day's finish. Provisions made a jump of 50¢ in some cases, paralleling a sara. tional advance of hogs. de. Wheat— Open High Low Close Sept. ---- 1.34% 1.35 1.31% 1.824 Dec, 1.37% 1.37% 1.34% 1.85% May ~ 1.41% 142. 1.39% 1.401% Corn— Sept. ---- 1.09 1.09% 1.06% 1.09 Dec. - 08% 99% B7% .99 - 1.00% 1.01 88% 1.00 - 51% 51M 50% .f0% 54% 54% 53.58% 56% 56% 55% 55% 13.95 13. 13,72 14.00 13.80 13.82 14.10 13.87 13.90 12.60 12.20 12.50 1 12.30 12.52 Bellies— Sept. 13.47 13.35 13,87 Oct. 13.50 13.45 13.47 Cash Grains and Provisions, CHICAGO, July 3 red, $1.84%4; No. 29.-Wheat—No. 2 hard, $1.344%@ 1.36%: Corn fo. 2 mixed, $1.10% @1.11; No, 2 yellow, $1.114% @1. Oats—-No, 2 white, white, 52% @54c Rye—Unquoted. Barley—72@84c. Timothy seed—$6.25 48.00. Clover seed—$12.75 @21.00. Lard—$13.65. Ribs—$12.50. Bellies—$13.00. 544 ; No. 8 Market Gossip Utah-Black Mountain Well No. 2 being drilled by the Utah Oil Refining company on Black Mountain structure in Hot Springs county 1s down 1,200 feet carrying 12%-inch casing. Materials for a derrick at No. 3 location are now being hauled out of Worland. The discovery well which is capable of making around 250 barrels of black ofl daily on the pump, is at present used for supplying fuel for drilling Another Gothberg Rig. A derrick Is being erected on the SE% 22-36-82, North Casper Creek structure, by the California Oi! company of ‘Wyoming. will start a 20-inch holo. Spudding This new rig will make seven on the struc: ture, Benedum ‘Trees interests have one derric™ drilling and one up, while the Midwest and three up. — —.——___ has one drilling Foreign Exchange NEW YORK, July 29.—Foreign exchanges, irregular. Quotations in : Great Britain, demand, 440%; , 440%; 60-day bills on banks, 437% France, demand, 6.07%; cables, 6,08. ,Italy, demand, 4,33 cables, 4.33%. Belgium, demand, 4.584%; cables, 4.69. Germany, de mand per trillion, .23%. Holland, demand, 38,16. Norway. demand, 14.67. Sweden, demand, 26.59. Den- mark, demand, 16.14. Switzerland, demand, 18.40. Spain, demand, 13.37. Greece, demand, 1 Poland, di mand, 9%. Czecho Slovakia, de mand, 2.96%, Jugo Slavia, demand, 1.19, Austria, demand, .0014%. Ru mania, domand, 44%. Argentina, demand, 33.00. Brazil, demand, 10.20. Tokio, demand, 41%. Mon treal, 99 11-16. —— SILVER NEW YORK, July 29.—Bar silver, %; Mexican dollar 524. IN GOOD CONDITION Net In @ statment being sent to stock holders today, Tre E. T. Williams Oil company and its subsidiaries are shown to have net current assets of $1,254,924 and the surplus and work. ing capital amoanting to $724 B. J. Sullivan, president of the company, declares in the statement that the Williams property in Salt Creek ts only 81 per cent drilled up, Detatled mention is made of the deal made with the Texas company whereby E. T. Williams disposed of one-half of Its Salt Creek leases for $1,600,000, cash payment being $300,- 000, balance to be paid out of pro- duction, Continuing Mr.- Sullivan says “The $300,000 recetved wae caea by this company to aid in the construe tion of a pipe line from Salt Creek to the plant of the Texas comypany which was located near Casper, Un- der the greement of the Texas com pany the operations of the property re, and during the life of the leases will continue to be carried o7 by this company. The Texas company re- ceived no part of the stock of this company tn the transaction, getting only the undivided one-half interest in the leases as hereinbefore men- tioned, “During 1923 your company drill. ed four wells in the Salt Creek field and at present Is drilling the wells necessary to offset wells drilled on adjoining properties. It appears at this time that our property is 31 per cent drilled up. “As is geyerally known, there has been a substantial decline in the pro: duction of Salt Creek during the past Current Assets Over $1,250,000 and Su plus and Working Capital of $724,000 Reported; Statement Sent Out. year, but notwithstanding that production ef this company (after ducting the reyalty due the Unt States) in the month of May, 19 averaged 1,800 barrels a day. “For the purpose of keeping the production and drilling the nee| sary offset wells we are spending | proximately $30,000 a month, and is the purpose of the managemy to continue that expenditure duril the summer and fall season #0 as avoid the necessity of drilling @ the winter season when operatic are 80 expensiv A summary of the financial sta ment shows: Net Current Assets, ? E. T. Willlams Of! ~-_...--$1,085,4 Cen. Pipe L. (5% per eent) atic Williams Gasoline . Omaha Refining Total net current assets _-$1,254,1; Net Surplus. B. T. Willlams Ol. Surplus Working capital ---.-—----.4 Central Pipe Line (51 per cent) Surplus ~----------sser: += 116; Tota! surplu@ and working capital oo Williams Gasoline: Deficit - Omaha Refinin:; Deficit -.. Total deficite ..-.... Net surplus and working capital CARNEGIE MILLIONS ARE PAID INTO INSTITUTE’S BIG CHES NEW YORK, July 29.—The Car. negie corporation of New York, cus: todian of the bulk of the fortu left by the late Andrew Carnegie, today paid to Samuel Harden Church, president of the Carnegie Institute of Pittsburgh, an §$8,000,- Wanted, Ride to Montana, by Semi-Invalid Twelve hundred miles on foot and by automobile when motorists gave him a lft, and 300 more miles to go. This is the status of August Rehor, who arrived in Casper yes- ter and 1s resting up prepara- tory to resuming his journey to Missot Mont., where he hopes to get back to health and pros perity after battling with an af- fiction that took him back to the Mayo hospital at Rochester, Minn., last spring. Ten weeks ago he was released from the hospital after receiving the best of treat- ment, despite his mited means, but the physician's orders were to seek a higher altitude and Mis- soula, his old home, is his goal. It was a long road to travel, and progress has been slow at times when automobiles passed him up and he trudged weary miles on hot, dusty roads. His credentials, however, show that he has performed many acts of kind- ness enroute where opportunity offered and in return he has had cause to be thankful for kind acts in return Today he {ts hoping that some northbound traveler will afd him on his way to Montana: He isn’t particular which town he reaches r the Montana line, for he has friends in many. He can make his way to Missoula from any point, Automobile tourists or others who give him a lift have nothing to fear and haye oppor- tunity to perform a real service by helping bim on. Inquiries directed to The Tribune, which ts none the less interested in. his welfare, will reach him at once, Who ts driving to Montana? Boo Blowin. NEW GRANDSTAND FOR FRONTIER DAYS CROWD CHEY z, » July 20. tative plans under disci here call for the constructic new, steel grandstand of 6,000 seating ca: o —Ten- pacity at Frontier park before the 1926 Irontier Days celebration. The hew grand stand will give Frontler park the Ie it seating capacity of any amusement park mountain region paises SEES in the Rocky NEW YORK, July 29.-—-Ltberty bonds clos $101.1 first 44am, $102.1 4%, $101.81; third 4%4s, fourth 4\%s, $102.20; United government 4m, $105.25 foe Ea For results try @ Tribune Clas- sified Ad 000 addition to the endowment | the educational work of the ina tut "This Is the largest gift ever mal at one time for Pittsburgh edug| tion,” said Mr. Church, and {s o! of the largest ever made tn the h| tory of the world. It makes t! total amount given to the Carn institute by Mr, Carn and Carnegie corporation $33,000,000. oe SUGAR Sugar futures Approximat sales, 20,000 tor September, $3.36; December, $3. March, $3.21; May, $3.81. t closed trregu! Flour MINNEAPOLIS, Minn., July # —Flour unchanged to Ifo jows family patents $7.85@8.00. Bri 23,00. COTTON NEW YORK, July 29.—Cotte middling, $83.00, aaa HOTEL “ABATED” = COURT ORDER FOUN IN OPERATION — AGAI CHEYENNE, Wyo., July 2% Theoretically the Florence hotel he! has been closed and vacant for son time as the reault of an abateme: order issued in distrigt court, bj police officers, investigating souns of revelry proceeding from the plac} found theory and fact irreconcilab} HL. C. Wright, Mrs. Nina Gayliard Anna King and Myrtle Bronsda| were arrested in the place and mai defendant to municipal char Wright was fined $50 for freque ing a disorderly house. Mrs. Gal lord was fined $50 for tmmorali and $100 for soliciting, Myrtle Bron dale was fine $100 for belng an 4 mate of a disorderly houge and Anr King, facing a similar. charge f felted a $60 bond. The Florence once more theorel cally im “abated,” but police keeping © weather exe on the plac| WORE FILINGS ARE MAD FOR CLERK OF COUR The list of candidates for the o fice of clerk of the cou’ has been incrassed by the entrance of Mrs. Mabel Fide who will seek the Republican nom nation at the August primarie JW. A. Lilly, alse a Republic: didate, and Patello, ks the nominatloy} Fic 1 the offic ssistant to Miss Hazel Conwell a widow with three boys. — ee BUCHAREST, Rumania~All Ri manian communist organization were ordered dissolved by the go ernment. count into the race Georgo Democratic has served | nd is - _—— BELGRADE The cabinet q Liouba Davidovitch took the ont| of office,