Casper Daily Tribune Newspaper, July 30, 1924, Page 7

pa WEDNESDAY, JULY 30, 1924. Che Casper Daily Cridune PAGE SEVEN. Oil :: Finance :: Bonds ‘MIDWEST COMPLETES |(new York Stocks Last Gals DOZEN NEW OILERS ==> Drilling in of Producers in Salt Creek Is Con- tinued at Rapid Pace With Many Wells On Top of the Sands. Salt Creek completions number an even dozen in the current report of the Midwest Refining company. With the exception of one well, shooting will be employed to increase produc- tion. The new wells are described follows: by Wyoming Associated No. 21-A, 80-40-78, 2,296 feet, no flow; will be shot. No. 22-A, NE% 23-40- 79, 1,660 feet, 200 barrels. No. 4-A, NB% 2-39-70, 1,657 feet, no flow; will be shot. No. 15-A, SE% 24-40-79, 1,- 868 feet, 200 barrels; will be shot. Midwest Oll—No. 12-aA, NE 1-39- 79, 1,916 feet, $1 barrels; will be shot. No. 16-A, SW% 26-40-79, 1,530 feet, Commodity @oypright, 1924, Casper Tribune) Fruit DETROIT—The cherry crop of the Charlevoix district will be heavy and ample labor is available to pick it. Last year much of the fruit was left on the trees. Prices aro firm. ‘The grape crop does not look prom- ising and the peach crop is almost a failure, owing to late development. SPRINGFIELD, Mo—The apple ¢rop in the Ozark regions will amount to 4,500 carloads this season and is expected to yield $1,500,000, according to a recent survey by the St. Louis and San Francisco rail- read. Building Material CLEVELAND.—Building material prices have shown another recession here. Common brick has fallen to $14 a thousand, with $16 quoted for face brick. Tile prices have been Sut to $35 a thousand for amall tlle * gmd $64 a thousand for the larger sizes. Live Stock PENDLETON, Ore.~Because of the dry ranges and scant feed, per- mission has been refused by the gov- ernor of this state to bring in 6,000 head of cattle from Callfornia for grazing purposes. Silk _.NEW BEDFORD, Mass.<Fifteen te) 25 barrels; wil) be shot. No, 30-A, NE 22-40-79, 2,291 feet, 36 barrels; will be shot. . Salt Creek Consolidated—No. 3-A, NW 11-39-79, 2,080 feet, no flow; Will be shot. No 3-A, SE% 3-39-79, 147 feet, no flow; will be shot. No. 15-A, NE 3-39-79, 1,872 feet, no flo will be shot. Utah Oi! Retining—No. 26-A, NW 30-40-78, 2,180 feet, 50 barrels; will be shot. Mountain and Gulf—No. 8-A, NEY 6-39-79, 2,242 feet, no flow; will be shot, At Netber Dome, Washakie county, the Midwest is slowly drilling its test well at a depth of 4,040 feet. Trade News large New Bedford cotton mills are being equipped to manufacture silk is. One mill will use at least $2,000,000 i = of silk a year. Grain ¢ FORT WORTH.—New high rec- ords for-grain shipments were set last week when Amarillo inspected and forwarded 123 cars and 124 cara on successive days. Steel PITTSBURGH.—Wire mills are operating at somewhat better than 40 per cent. Business is still slow in this line. The pipe plants find enough orders to keep thém operat- ing at 60 per cent and some import- ant orders for ofl companies appear to be developing. oil SHREVEPORT.—tThe 8 per cent severence tax on ofl and gas in Louls+ Yana has netted the state $1,258,182 in the last 18 months, Forage POTTSVILLE, Pa—The largest hay crop in forty years in this dis- trict is being harvested today, large- ly with the ald of women. Farmera have been able to hire hundreds of women from the towns where textile and knitting mills have been closed down, and from the mining sections wheré labor disputes are closing col- Herlos. Farmer's Profits Still _ On Paper; Prospects Good By J. C. ROYLE (By Denver Post Leased Wire) (Copyright 1924, Casper Tribune) “NEW YORK, July 30—The farm- er is not yet out of the woods, des- pite widespread assertions that the agrioulturists of America would have ‘a billion dollars more to spend than jthey had last year. Like many a prospective Wall Street millionaire, his profits still are on paper. He thas yet to close his trades and com- pletely market his products before he ‘will have the extra dollars to jingle ‘In his jeans. ‘ Many surely will accomplish this successfully and profitably but others ‘Bre counting their chickéns before the eggs even are {in the incubator. ‘In other words, they are counting thelr crops already sold at present high prices, altho there is no certain assurance that they will dispose of them at-such figures. Undoubtedly if they could sell the fruits of their fields at prices pre- vailing today, they would have a most successful year and the bank- ers, business men and manufac: turers of the country would rejoice with them, since it would tend to benefit all business. But there are contingencies {hich can not be over: looked in estimating the increased purchasing power of the farmer this year, Levél headed business men, trar- ers and financiers who express the sentiments indicated above, make it plain that they do not belittle the et- fects of the recent sensational rises in prices of farm products or mini mize the profts which they hope will accrue to the growers. They state they desire merely to avoid the dan- ger to business in general of overs estimating the purchasing power of rural communities until crop returns are in the form of cash. RECEIVER FOR RAILROAD SEEN (Continued from Page One) -volved chain of circumstances having to do with oil lands, ol! ‘pipe lines, rafiroad promotion, _ railroad construction and railroad operation, name as defendants, ether than the two companies hereinbefore pamed, the Reliable " Securities corporation, the Mon- » tana Rallway company, Walter A. Wiliams, William A. Williams and the Middle States O!l corpora- tion, Stanley petitions the court to grant an order restraining»the defendants controlling tho North and South railroad from dispos- ing of any of the raflroad’s assets pending determination and satis- faction of his claims,’ which are set forth as totaling $53,000. SHERIFF'S JOB 0ST POPULAR jo One) (Continued from Pay County Surveyor. Republican—Herbert L. Kennedy, Tom Haymond. Demoeratic—Albert Park. Justice of Peace. Republican—Henry F. Brennan, Wilbur J. Tubbs, Edward C. Mad- ion, S. 1. Puntenney. Democratic—George A. Blake, R. MeDermott, Lindsay T. Pile, John M. Hench, C. C. McNulty. Constable. Ra sa Republican — Lincoln : iy. william Misters, Joseph W. Hanlon, Floyd EB. Miracle. Democratic—B. H. Gibbons, H. H. Walker. Superintendent of Schools. Non-Partisan—May Hamilton. "| Marland American Can ---.—. 125% Américan Car & Foundry ----171 American International ----. 28% American Locomotive -—-... 791% Americah Smelting & Ref'g -. 70 American Sugar ~. AmeticanyTel. & Tel. American Tobacco American® Woolen -----.-- Amer. Zinc, Lead & Smelt, -. Anaconda Copper Atchison Atlantic Coast Line ~-..--.-.188% Baldwin Locomotive ---------119% Baltimore & Ohio --.-.---.-— 62% Bethlehem Steel <s+--2----.. 43% California Petroleum Canadian Pacific Central Leather Cerro de Pasco =------—--=-- Chandiéf Motors -=-------..- Chesapeake & Ohio ..--.----- Chicago & Northwestern -...~ 6215 Chicago, Mil. & St. Paul, pfd.. 26% Chicago, R. I. & Pac. 45% Chile Copper 31% Coca Cola 73% Colorado Fuel & Iron -.. 41% Congoleum| 43 Consolidated Gas -..--.----- 20% Corn Products, new ---------- 34 Comden Oil Crucible Steel Cuba Cane Sugar, pfd. Davison Chemical Erie Famous- General Asphalt General Electrio General Motors Great Northern, p: Gulf States Steel Houston Oil ilinois Céntral -_. Invineible Oil Kelly-Springfield Tire <. Kennecott Copper Louisville & Nashville -. Mack Truck ol Maxwell Motors “A” Middle States Oil awcnwnsns 174 Missouri, Kan. & Tex. - - 14% Missourt Pacific, pfd. ----—. 49% National Lead -n----: New Orleans, Tex. & Mex. New Yurk Central --.. 107% N.-Y., N. H. and Hartford ... 27% Norfolk & Western ~-.--.-..122% Northern Pacific ---.----+---- 65% Pacific Ol 41% Pan American Petrolbum “B" 55 Pennsylvania 46% Producers & Refiners -—... 28 Pure Oil ~ =--103 Reading —---2nas. 61 Republic Iron & Bteél --. 87% Reynolds Tobacco “B' ae 78% Seaboard Air Line <.2-s--.. 16% Sears Roebuck +-s-2s--222225108% Sinclair Con. ~.-2..-222----2- 17% Stoss-Sheffield Stee] & Iron -— Southern Pacific Southern Railway Southern Railway pfd. -. Standard Oil of Cal. Standard Oil of N. J. .. Studebaker Corporation Texas Co. Texas & Pacific Tobacco Products «. Transcontinental Oi! Union Pacifte United Drug -. U. S. Cast Iron Pipe U. 8. Ind. Alcohol ~.-... United States Rubber Unitde States Steel Utah Copper Westinghouse Electric Willys-Overland Woolworth Continental . Cumberland Galena, -n.-.scccnsegisa 64 57 Ilinobs wponccene 180 “189 Indiana asigancsne $2 - 83 Nat. Tran, -. N. Y. Tran Nor. Pipe «. Ohio Ofl ~ Sheriff. Republican—William °C. Irving, Alexander Nisbet, Thos. B. Heaney, Fred Henderson, W. C. Eads W. J. Bajley, Gearge S. Masse, Democratio—Tom Meaney, H, J, Buchanan, Sam F. Palmer, Alex: ander W. McPherson, Claude Gam: bill. Precinct Committeeman, Republican—G. R. Hagens, Geo. F. Specht, Chazles L. Rese, G. H. Capps, C. L. King, W. M. Freeman, Chas. N. Richards, J. E, Frisby, Cc. M. Coltrane, A. E. Stirrett, E. A. Flinn, W. C. Noyes, K. D. Harris, John M. England, W. D. MoNeitis, Geo. W. Jarvis, Roger Jones, C. A. Rorter, Dr. C. H. Bailey, Harry R. Brown, Charles V. Baxter, Roy H. Hawley, George A. Weedel!, James G. Wiederhold, William Mells, C. A. Cullen, Joe’ C. bea | Claude EL. Whaley, C. A. Rhoads,! Pitt Covert Talbert, W. W. Sproul, I’. N. North. Democrat—L. R. Bundy, B. F. Milburn, W. E. Hazard, EB. Prewitt, Guy McGuinn, Guy J. Gay, W. L. Tibert, W. W. Sproul SMALL STILL FOUND BY SHERIFF IN ANSWERING MYSTERY PHONE GALL ‘ Answering a mysterious telephone call Jate last night to quell a report: ed shooting scrape on St. John street, the sheriff's office found a small still, disconnected, at 1037 St. John. Two men, giving the names of Fred Hyde and A. J. Strawn, were said to have been found in the house con siderably under the weather from Uquor. No liquor or guns were found after a thorough search of the premises Prairie Oil Pra Pipe Solar Ref. Sou. Pipe 8. 0. Kk CRUDE MARKET Cat Creek =--$1.45 Lance Creek woeeen 1.40 Osage -..--.- wocnnnnen 1.40 Grass Creek, light ---.....-... 1.45 Grass Creek, heavy ..2....-.. ireybull Torchlight Blk Basin Rock Creek Salt Creek - Big Muddy Mule Creek Sunburst -. Hamilton Dome .. Ferris - Byron - Notches Pilot Butte Lander ...- S| Butter and Eggs CHICAGO, July 30.—Butter high er; creamery extras 36%c; standards 36%c extra firsts 854% @36c; firsts 34@abo; seconds 32@38c. Eges steady; receipts 14,781 cas firsts 27%c; ordinary firsts 25%@ 26c; storage pack firsts 28@28%4c. rine and both men dented having heard any shot fired. 7 When the officers arrived they found the front and rear doors wide Stocks OJL SECURITIES’ Bessemer -... Big Indian —-____.. Boston Wyoming -... Buck Creek Burke _ sob Blackstone Salt Creék Chappell .... Columbine Centra: cipe -—-. rae Consolidated, Royalty Cow Guten Domino ~ Elkhorn ed B. T. Williams -.... Pergo Frante <2 --12-noe 2.90 bea 09 Jupiter 22. 01 Mountain and Gulf 1.42 1.44 New York Oi _ 9.00 11.00 Picardy = 02 Of Preston -.. 1K 08% Red Bank 44.00 46.00 Royalty & Producérs Sunset Western Exploration Western Oj1 Fieics ... Western States ¥ ol NEW YORK CURB CLOSING Mountain Producers 18,62 18.75 Glenrack Ol! .... Salt Creek Pras Salt Creek Cons. Ohio Oil _.. Prairio Pipe Prairie Oli - Mutual Chicago Prices. CHICAGO, July 30—(V. partment of Agriculture.) Ss. De Hogs— Receipts, 16,000; slow, uneven, m ly 26 to 50c lower on better grades; slaughter pigs, largely Tic off others dull; big ‘packers bidding Steady with Saturday or $$.00@8.50 on common mixed kinds; very light shipping demand; early top, $11.00 for cholce 200 to 220 pound aver- ages; bulk good and choice 160 to 240 pound weight, $10.50@10.85; bet- ter 260 to 825 pound avérages, $10.15 to $10.30; buik packing sows, $8.40 @8.75; desirable strong weight Slaughter pigs, $9.50@9.15; heavy- welght, $§0.000@10.75; medium weight, $10.40@10.85; lightweight, 10.16@ 0.80; light lights, §9.25@ 10.50; packing hogs, smooth, §8.50 a9 packing hogs, rough, $8.00 @8%0; slaughter pigs, $8.75@9.7 Cattle— Receipts, 11,000; _ tr: More active than early; better grade fed steers, yearlings and fat she stock, fully steady; spots strong; shipping demand broad’ top matured steers, $11.50; some held higher; sev- @ral loads strong weight, $11.00@ 11.40; long yearlings up to outside figure; plain grassy and short fed Offerings, slow; aboft 260 head Weighty cake fed Texas, $9.00@10.4 Stockers and feeders, fairly steady With Week's decline; country demand harfow; several is late yester- day, $6.00 downward; some inferior light stockers, $3.75; bulls, uneven; few teavy bolognas, $5.00, mos $4.00@4.50; vealers, strong at & @10:00, mostly to packers; few $10.25; outsiders upward to $10.60 and above. Sheep — Receipts, 14,000; active early sales fat lambs, steady to strong; most natives, $13.00@13.25 early bulk range lambs, $13.50@ 13.75; best held around $14.00; cull mostly $9.00@9.25; shee odd lots fat ewes, $5.5006.50; feed- ing jambs, prospects steady to strong. Omaha Quotations OMAHA, Neb., July 30.—(United States Department of Agriculture)— Hogs—Recelpts 15.500; early sales to shippers out of line; general trade Tic to $1 lower; goud and choice 200 to 250 pound butchers $9. @ $9.50; latter price practically top; one load early $10.00; 250 to 325 pound butch- era mostly $9.00€$9.25; few odd lots packing sows $8.00@88.25; bulk of all sales $8.00@$9.25; practical top $9.50; average cost Tuesday $9.36; weight 264. Cattle — Receipts 5,900 better grades beef steers and yearlings mo- derately active; plainer ends off: weak to 150 lower; top handyweight steers $11.50; weighty bullocks $11.25; yearlings $10.60? bulk grain fed beef steers and yearlings $8.75@$10.85. dry lot cows and heifers fairly active steady; grassers dull weak; vealers and bulls steady; stocker and feed er nominally steady; few loads west ern range steers to feeder buyers $6.75.@$7.00; bulk dry lot cows and heifers $6.00@%8.00; choice heifers in load lots upward to $9.75 ssers $3.76@$5.75 mostly; ca rs and cut- ters $2.25@$3.50; practical veal top $8.50; bologna bulls $4.50@$4.7 heavy beef bulls $5.00@$5.50. Sheep—Recelpts 12,000; lambs ac tive 26@50c higher; fat range lambs mostly $13.00@$13.50; top $13.10; na tives $12.65@$12.85; od = clipped lambs $11.65@$12.00; sheep steady best fat ewes $6.00; feeders strong; lambs early sales range feeding $12.00. Denver Prices DENVER, Colo., Jul —Receipts 1,200; early s SOc lower; mostly 50c lower; closing sales fully 75c off; top $10.80 paid for choice 190 pound averages; oth er early $10.50 to $10.75; late sales $10.00 to $10.25; packing sows wenk to, 35e lower; $8.25 to $8.75 Cattle—Receipts 400; calves none fed kind strong at Tuesday's ad vance; grassy offerings slow around steady; choise 660 pound fed yearling heifers $9.50; desirable yearling $9.26; 1,117 pound steers $7.55; grass cows $5.00 down; canners, mostly $1.50; grass heifers $5.60; bulls weal $3.65 to $4.25; best ers $8.75; others $5.00 to $8.00; few stock steers $5.40. Sheep—Receipts none; nothing on open and the lights disconnected. sale, : Grain NEWS AND QUOTATIONS BY LEASED WIR PROFIT TAKING CHECKS STOGKS Upward Trend Continues Today Until Selling for Profit Begins NEW YORK, July 30.—Stock prices surged upward in the early Part of today’s trading, under the leadership of United States Steel, but reacted later on a wave of profit taking. Declaration of an extra di- vidend by the United States Steel Corporation and favorable weekly trade reviews sustained the @trength of tho steel shares. Sales approxi- mated 1,200,000 shares. NEW YORK, July 30.—Declara- tion of a 60 cent extra dividend by the United States Steel corporation for the third successive quarter Ufted stock prices higher at the opening of today’s market. Steel common opened 1% points higher at 104% and gains averaging about a point were scored by Pivotal tssues, including Baldwin, American Cah, General Electric and several minor shares. Independent steel shares were helped fh: H. Gary's statement that there had been considerable improvement in steel buying since ¥ 1. Moderate gains were record- by Bethlehem, Republic, Sloss Sheffield and Gulf States Steel, the latter moving up 1% points. United States Steel advanced further to 1 the highest price reached in several months. Improvement In general market sentiment encour- aged buying of a wide variety of shares, bringing advances of one to four polnts in West Pennsylvania Power, Américan Water Works, Marland Oil, United Cigar Stores, Atlantle Coast Line, Frisco pre- ferred, Northwestern and Chandler Foreign exchanges opened abishing a new high record of 106% on the current moveme buying orders! continued to pou United States Steel led a vigorous upawing, which embraced the pivo- tal industrials, specialties, raifs, to- baceos and merchandising shares. The current stel ¢rade reviews re- porting & measurable increase in stel buying for the third successive week, were especially stimulating. A tlock of new top prices for the yeat included Sears Roebuck preferred, California Packing, International Nickel, United Clgar stores, “Nickel Plate,” Omaha preferred and Atlan- tic Coast Line up 1.to 4 points. Sub- stantial improvement also was shown by Pere Marauttte, Northern Pact- fic and New Orleans, Texas and Mexico. Profit taking later interrupted the advance, causing recessions of 1 to almost five points ig some of the 1, sugar, chemical, rubber and merchandising stocks. Daniel Boone Woolén Mills broke 4% points to a new low price for the year at 12, The steel shares, however, main- tained their early strength. The closing was irregular. Rail- road issues bore the brunt of heavy realizing sales in the late dealings, Union Pacific, Northern Pacific, Baltimore and Ohio, Lackawanna, ;} Eve, Southern Railway and Great Northern and St.’ Paul preferred is- sues receding 1 to 2 points. With the exception of the steel shares, in- dustrials also tended lower. ——— Market Gossip Irvine Test Depth Present depth of the test being drilled on Irvine Dome eight miles south of Douglas, Converse county, by the Big Soo Otl company, is ap- proximately 700 feet. At this time thé drill is going. through black shale, Location of the test is on the NEY 2-81-70. Spudding started a 20-Inch hole, Expectations are that the well will be completed by October. The operating company controls close to 16,000 acres of leases on the struc ture, Mariand on Notches Materials for a rig are being moved by the Marland O!l company of Colorado, to Notches Dome, SW% 4-27-85. Drilling will be started as equipment is placed. The Midwest Refining has for sometime been an operator at Notches. Texas Company Operations Having experienced a great deal of trouble in drilling fts test of Dut- ton anticline, Fremont county, the Texas company is now operating with a standard rig, having replaced the drilling machine originally used. Crooked hole was the chief source of trou’ Filling back was a con- ant annoyanee. At 1,667 foet the achine was pulled off the job and the hole was filled back to 630 feet with rock and cement after the 10. inch casing had been pulled. ‘The standard has been drilling for the past three days and is now at a Gepth of about 1,000 feet. At Lost Soldier the Texas {s mov- ing in materials for a new well at location Good Ni POTATOES CHICAGO, July %0.— Potatoes about steady; receipts, 64 cars; total United States shipments, 650 cars; Kaneas sacked Irish Cobbler @1.50; few low as $1.15; r barrel Irish Cobblers, fety sal 22,50@2.66. oe Cotton Prices Break NEW YORK, July 30.—Cotton prices broke $5 a bale today from yea- terday's close on reports of rain in Southwestern states and a belief that the Texas crop was not injured as much by dry weather as had béen tn- dicated October sold as low ag 28.05, WHEAT PRICES LOSE GROUND) TOT Closing Unsettled After Trading Today at Lower Values CHICAGO, July 30—General eell- ing of wheat and a decided setback in prices restiited early today from rains in the Canadian northwest to- gether with a sharp break in quota- tions at Winnipeg and at Liverpool. Dispatches belittling any dahger from black rust in Canada, especially if the weather remains cool, attract- ed considerable notice. Reports were also curfent which indicated that the total wheat yield in the United States for 1924 would exceed last year's total. Opening prices, which ranged from % to 2%c lower, September $1.31% to $1.32% and De- cember $1.34% to $1.85, were fol- lowed by a sligMt further decline and then sometlting of a rally, Subsequently, persistent selling on the part of houses with northwest- ern and southwestern connections had a depressing effect on values, A tendency to increase estimates of the Canadian acted also as a bear- ish influence. The close was unset- tled, % to 1%c net lower, September $1.81% to $1.31% and December $1.84% to $1.94% Corn and oats showed fresh buying support. sure in corn was directed mostly against the new crop deliveries. After opening from % to 2%c lower, December 97 to 8c, corn prices continued weak. Beter weather and improved crop reports were an incentive to sellers, The close was uervous, \%c to 1%c net lower, December 97% to 98c. Oats started % to 1% off, Sep- tember 50 to 60%c and later showed but little power to rally. — “ Downturns in hog quotations weakened the provision market. lack of Selling pres- Wheat— Open High Low Close Sept. ~.., 1.31% 1.32% 1.29% 1.31% Dee. .. 1.34% 1.35 1.32% 1.34% 1.869% 1.39% 1.37% 1.89 X 1.08 1.08% 1.06% 1.08 98 954 96% 87% 99% 99% 07% 9084 50 50% 48% ,.48% 52% 53 51% 51% 55% 55% 54% 54% 13.80 18,80 18.30 13.37 13.40 13.46 12.00 11.90 11.90 12.60 11.90 11.90 12.42 12.10 12.10 =-- 13.80 18. 12.90 12.90 13.45 12.90 ° 12.90 Cash Grains and Provisions. CHICAGO, July 30.—Wheat—No. 2 red, $1.321¢@1.33%; No. 2 hard, Corn—No. 2 mixed, $1.10%@1.11; No. 2 yellow, $1:11%. Oats—No. 2 white, 54@56e; No, 3 white, 62@58 4c. Rye—No. 2, 96%. Barley—78 @ 85c. Timothy sced—$6.00@8.00. Clover seed—$12.75 @21.00- Lard—$13.87. Ribs—$12.12, Bellies—$13.25@ 13.37. Foreign Exchange NEW YORK, July 30.—Foreign exchanges, easy. Quotations in cents: Great Britain, demand, 439%; cables, 439%; 60-day billé on banks, 436%. France, demand, 4.98%; cables, 4.99. Italy, demand, 4.82%; cables, 4.32%. Belgium, de- mand, 4.54; cables, 4.54%. Germany, demand per trillion, .28%. Holland, demand, 48.16. Norway, demand, 13.57. Sweden, demand, 26.61. Den. mark, demand, 16.12. Switzerland, demand, 18.52. Spain, demand, 13.33, Greece, demand, 1.75. Poland, demand, .19%. Czecho Slovakia, de- mand, 2.96. Jugo Slavia, demand, 1.19%. Austria, demand, .0014%. Rumania, demand, .44. Argentina, demand, 33.12. Brazil, demand, 10.05. Tokio, derand, 41%. Montreal, 99%. MONEY NEW YORK, July 30,—Call mor Bteady; high low 2; ruling rate 2; closing bid 2; offered at 2%; last loan 2; call loans against acceptances 14; time loans easier; mixed col- lnteral 60-90 days 2%@2% to 6 months 3@3%; prime commerciat paper 34%@2%. bt La NN ‘SILVER NEW YOPK, July 30.—Bar silver 68; Mexican dollars 52%. : Flour MINNEAPOLIS, Minn., July 30,— Flour—Unchanged; bran, $23.00. — CARTWRIGHT FUNERAL TO BE HELO THURSDAY The funeral of Mrs. Cartwright Wil be held at 2:30 o'clock tomorrow afternoon from the Baptist church, Fifth and Beech streets. The Rev. J. T. Hanna will officiate. Members of the Knights of Pythias will also take part in the ceremony For rebutts try a Tribune Clas sified Ad, Livestock :: All Markets ‘DEFENSE ALIENISTS WIN RIGHT EOTIFY INMURDER HEARING (Continued from Page 1) in the hearings which is to deter- mine the punishment of Nathan Leopold, Jr. and Richard Loeb for the kidnaping and murder of Robert Franks. 4 Frank A. Sherer was the last wit- ne&Ss for the state. He testified merely that he took Loeb’s confes- sion the night of May 30. . The defensé called as its first wit- ness’ Dr. William Alanson White, superintendent of St. Elizabeth's hospital, Washington, D. C. Judge Caverly overruled an objec- tion by State’s Attorney Robert BP. Crowe to testimony by any defense allenists. “If your honor gave these defend- ants a term of years satisfactory to them and their attorneys,” argued Mr. Crowe, “I could not appeal and they would not. TI insist if this question of insanity is raised, it is your honor's duty to impanel a jury and determine that fact. Judge Caverly shook his head and said “overruled” but Mr. Crowe con- tinued on tho argument on the legal point he had raised. During tho argument Judge Caverly declared that the defense would not be permitted to go into evidence of insanity and demanded to know from the state whether it had any authorities to show that would prevent him from hearing evi- dence as to state of mind or in mitigation. After tho argument had lasted ninety minutes and gotten back to the state's accusation that the de- fense was trying to plead both sane and insané at the same time, Walter Bachrach suggested that “an hour and a half had beén wasted.” “No,” said Judge Caverly, “it has not been wasted. The court will teke a day and a half on this if necessary.” CROWD GATHERS EARLY FOR TRIAL, CHICAGO, July 80.—(By The Aw sociated Press.)—The court room filled rapidly this morning for the seventh session of the hearing of Nathan Leopold, Jr., and Richard Loeb, kidnaper-slayers of Robert Franks, expecting startling and dra matic events in connection with the state's resting and the opening by the defense. Far more persons clamored for admiss'6n than could gain entrance under Judge John R. Caverly's strict Injunction that no ohe should be allowed to come in aftér ‘all thé seats were filled. Down at the fifth floor, the floor below, the longést queue of the hearing patienly waited with the almost forlorn hope that some one would have to leave ahd the leader of the long ine would get that coveted seat. Afi all night rain left a sultry at- mosphere and it was hot and muggy In the court room. Jacob Franks, father of the slain lad, was absent from the court room, but all the other interested relatives were in their seats before court opened. The defendants came in the room with thelr customary” morning smiles for thelr attorneys and rela- tives. Frank A. Sheer, a shorthand re- portef who 100k Loeb's confession was called by the state and testified to that fact and the state rested. Judge Caverly called the attor- neys to the bench and consulted with them as to separate hearings on, the kidnaping charge. It de- veloped that thus far the héaring had technically been ¢orifined to the murder charge. The attorneys agreed that 30 minutes of formalities would suffice to dispose of the kid- naping indictment. Dr, William A. White of Washing- ton, D. C., then was called! to the stand as first witness for the de- fense. He was questioned by © Bachrach of defense counsel ated his name, residence, age and profession. “State your professional ence,” said Mr. Bachrach. “I object,” said Mr. Crowe. “Why? asked Judge Caverly, and the big legal fight of the proceed ings was on. . STATE LOSES FIGHT AGAINST ALIENISTS “Because,” said Mt, Crowe, “The plea. of guilty stops any plea of in- sanity. I insist tilat they have no more right to introduce that plea than they have to plead guilty and then try to show the men were in California when the crime was com- ‘mitted.”” “It is overruled,” said Judge Cav- erly “But your honor,” sald the state's attorney, ‘if the court sentences these men to a term in prison, satis: factory to them and thelr attorneys, the state {s helpless. It cannot ap peal. I would like to read the Il linols law on the subject. Mr. Crowe read from the statutes the enactment governing conduct of murder trials in which insanity is of- fered as @ defense. He pointed out that the law provided that as soon the question was raised “it shall be the duty of the court,” to empanel ® jury and let that body determjne the fact, “Can language be more expicit?"t Asked Mr. Crowe. “Have we reached the point where a man can plead guilty to avoid a trial by a jury? Does the defense here desire » trial before one man when they have re sisted a trial before twelve?” “From the moment you hear evi dence on insanity, this becomes a mock trial.”’ The judge asked for authorities and promptly rejected a reference to the case of iene Geary, Chicego gunman, who was sent to the Chest- er hospital for the criminal insane after he had been sentenced to death Judge Caverly said this did not ap py to the present case because the expert: Leopod-Loeb proceedings had not reached the stage of sentéencini averly. “If a defendént came into this court without counsel and pleaded guilty to a crimé, the court would have the right to appoirit all- enists to inform him whether that defendant was competént to plead guilty. I did in fact adopt that tery course in a very recent casé arid it resulted In a senténce of life {ip- Prisonment. .. “It is true that counsel who might be appointed by the court to defend & man would have no right to waive that man’s constitutional right and this holds true right now. I have a right to know whether thesé boys were competent to plead guilty through their counsel or 65 their own volition. “There are different degréés of tn- sanity—" “Not Crowe. “Oh, yes there are,” rejoined Judée Caverly, “the laws of Illinois recox- nize degrees of murder and #0 we must consider degrees of résponst- bility."’ in law," interrupted Mfr. for “insisted Mr, Crotve, “Miti- #Ation goes only to facts in & case “Here is a cold blooded murder, without a defense in fact, and they try to escape the consequences By offering a plea of insanity,” “Who sald they are offering a plea of insanity?" said the judge. “IT have a perfect right to go intéd the state of a defendant's mind and learn What that had to do with the circumstances of the erimé. “T agree that this court eahnot pass on a question of insanity, but unless I conclude that these men mist be insane, at which point © must impanel a jury, I can inquire Into the mental’ circumstances of their acts.” “We are not going inté the in sanity question at all” announced Walter Bachrach for tip défense. DEBATE WAXES WARM ON ALIENIST TESTIMONY. Mr, Crowe, in arguthg asserted: “I insist when the court tidicates he is with ‘the defense thé state has a right to argu Has insanity jus ticé as a plea’ The court answered “yes,” but at~ the same time Darrow and Bachfach, defensé counsel, joined in a ‘no.’ “You folks hi gone off on the Wrong tangent,” Judge Cavétly ad- dressed the state. ‘They are not going to Introduce any testimony that they are thsané. The state is the only one saying anything about insanity. They are not going to be permitted to put on an Insanity dee fense. Go ahead with your author- ites, not as to insanity, but as to mitigation because of state of mind. Go abead as to the Illinois supfeme court." % One of the state's attorneys at- tempted to cite from Blackstoné and Judge Caverly interrupted with “from the Ilinols supreme court,” and the counter was’ made: “The Tilinois supreme court is féund- ed.on Blackstone.” “You cannot escape it,” thé state said. we'll try to,” replied Judge If there is any question of mitiga- tion because of insanity then it pro- erly becomes a case for a juty trial,” the state-persisted. Clarence 8S. Darrow, chief counsel, interrupted with one of his cool, in- frequent remarks: “The statute provides the court may listen to anything on mitign- tion. ‘The legislature has given wide latitude. Anything as to mitigation because of condition of mind is ad- missible.”’ The state proceeded to cite author- ities on “moral mania,” asserting that any evidence of partial or “gen- eral mania,” is insanity, “Doctota have given insanity many names but in the law we have only one and if there is any question of the sanity it Ja one peculiarly for a jury,” the state argued and cited furthér authorities. ‘The judge and the state's attorney argued on the word “pecullarly” as it was used in the authorities cited, the judge holding it meant the case mentioned properly had been tried by a jury, not that if it had not been the reviewing court would’ have thrown out the decision because of the lack of that feature. Judge Caverly at this point assert €d the defense would not be permit- ted to present evidence of legal in- sanity and the argument continued on the question of presentation of testimony in mitigation of murde! Thomas Marshall, indictment ex- pert for the state’s attorney, took up the argument, maintaining that the defense was trying to give to Menta) insanity and moral insanity ® effect in law of legal insanity. his is @ temple of justice,” he sald. “A psycopathic asylum is somes thing else. Confusion only arises when the two are brought together. Walter Bachrach cited authoritie: to prove the defe contention thas the court might exercise discretion Within a range embraced by all thi, clreumstances of the defendants a; Previous good character and men condition. He referred the court to the Tr case in Nebraska, which he said bore out this contention. ARGUMENT STILL ON AT RECESS. Dr. White sat patiently on the stand, waiting for the court to de- cide finally whether he could téstify., Court recessed for luncheon at 12:30 p. m. with the argument un- finished NOTICE. I do not know what the reporter for Tolerance expects to gain: by | lying so promiscuously about som: of the citizens of Casper, but I do] know that I am not a member of the Ku Klux Klan and take this means to let theypublic know ft. L. T. HALL, 1029 Hast Second, | &