Casper Daily Tribune Newspaper, August 11, 1924, Page 7

Che Casper Daily Cribune Oil :: Finance WOOL SHOWS GAINS ~ IN BOSTON MARKET _ By J. A. HILL. sw SOme grades of wool have advanc- ed from two to five cents a tlean pound in Lorton during the past week. This is not caused by heavy buying on the part of the manufee- turers so much as speculative buy- ing on the part of the dealers who are trading with each other. They feel that it is but a short time until the manufacturers will have to come into the market and pay the prices set by the dealefs or import wool from abroad at a level from five to twenty cents’a clean pound higher than the present prices quoted for similar domestic wools. For this rea- fon there is quite a bit of specula- tion eaused by dealers who want to ‘Til out their Mnes and are forced te buy from each other rather than from the preducer. Bverything in the foreign situation justifies this action on the part of the specula- tors. Everything jn the foreign ai uation justifies this action on the part of the speculators. Prices in Rradford are going steadily upward. Tops have advanced @ penny a pins within the jast ten days. Tho ith American market ts opening strong. The next series of gales abroad will be those starting In Aus tralia the first week in September, The new series of London sales will Rot start until September 16, It is that the price of the Brit- ish exchange will go upward, owing to the promised aetlement in Bu- rope. Tt ts not likely chet there will be ® Brest deal of sctivity on the part @f the manufacturers until they open ‘their light weight goods, There is a Tumor that the Amerigan Woolen company may open its light weight Une next Monday. Two questions. ‘Will be settled then, one the state of the market, and the other wheth- er the goods will be priced high enough so that the high price of Wool can be passed ont othe con- sumer, : ‘The figures for the wool consump- tion in the United States for the six months ending June 80, are now available, Although thé business has been very poor for the mills, they consumed 223,000,000 pounds, which is almost exactly as much woo] as was produced in the entire United States during the year 1923. That ia, the United States, even in a very dull period, consumed wool twice as fast as it is belng produced by the sheep of the nation. Therefore, it ts only a matter of time until the man- ufacturers are forcetl to get some of their wool from abroad with the consequence of an advance in prices. There js very little business being done In the west, The wool is near- ly all sold, It is estimated that there may be one million pounds in New Mexico and ebout the same amount in Montana that has not been com: pletely cleaned up.A sale of loeaj interest was that of the King Broth, ers at Laramie, The price reported was forty cents, This is fully ae algh as the present quotations in the Bose ton market. ‘The following ranch prices for average Wyoming wool are ecom- puted from the ates quotations for territory wool in the Commeretgt Bulletin of Boston. Fine staple -...-----. Half blood combing -.......s7@8%e Three-eights bloof combing 35@39¢ Quarter blood combing 856 28@ 880 Fine and fine medium French combing ~~~--~-----------' 33@34c0 Fine and fine medium clothing at 8@ Public’ Utility Publieity. Like the rallroads, the public utili- ties companies supply an abundance 9f information all of which should be eerefully studied by prospective investors. Many of these companies make monthly earnings statements, practically all of them give, : out quarterly reports. As printed in the newspapers these statements com: Pare gross and net earnings of the current year with those of thee pre- ceding year and ji is running, For the more important of these corporations, financial pages of the newspapers publish not only the earnings but the amount avaliable per share of stock, Such a caleula- tion, however, is easily made for oneself provided one knows the amount. of stock outstanding and the requirements of the respective classes as well as the deduction for fixed charges. The statement usual- ly gives the net income or surplus after the charges, that is to say the bond interest and other essential deductions, Any company which does not publish full and frank re- ports at stated intervals should be avoided as far as investment is con- cerned. There is no need of going ahead in the dark. It is this policy of publicity which has made possible the customer ownership campaigns that have proved so successful in popularizing Public utility securities, In this re- spect railroads and utilities are much easier to. follow than the majority of industrials, although there are ex- ceptions in the tatter class, The Point to be made here !s that the conservative investor will select a stock or a bond from among the ob- ligations of corporations which give security holders the fullest informa- tion about their affairs. Even if you do not care to follow these matters yourself it is still advisable to take this course, You know that when you Yo want the information it can be obtained. Most investors, how. ever, take enough interest to look forward to these earnings statements and to study thelr trend. As & matter of fact the business of the public utilities is remarkably stable. The demand for their ser- vice 1s uniform. They do not have large sums tied up in inventories as do industrial corporations. They do not give credit to their customers, ‘The bill for the electric light or the Bas or the telephone is collected every month, This is sometimes an- noying to the consumer but it works to the advantage of the investor. Qfr. Hughes’ fifty-sixth article will appear in the Casper Tribune next Wednesday.) Steel CLEVELAND, Aug. 11—Slghtly heavier steel operations are .expect- ed in the Mahoning valley where 59 of 119 sheet mills are in operation. ‘The demand ‘for ore has quickened moderately, with a recent order for 200,000 tons, but three lake freight- ers have been added to the idle fleet making 93 out of service. Lumber SEATTLE, Aug. 11.—Lumber sales for the nerth pacifie coast states have increased slightly, with new business running slightly over production. Large railroad orders and revival of interior demand are held responsible. Prices are firm- ing up. Hay PORTLAND, Ore., Aug. 11.— Many hay growers are showing « disposition to hold for higher prices but leading dealers say they are no longer handicapped by inability to get supplies if they can secure storage room. Trade News Automobiles NORFOLK, Va., Aug. 11—The Ford Motor company has awarded contracts for the immediate con- struction of a new standard as- mbling plant here, making the thirty fifth Ford assembly unit in the United States apd adding 90,000 yearly to the company's capa- The plant, which is suitable for.ocean shipping, will include a main bullding 800 by 300 feet, a power house, oll warehouse and pier. Railroad Equipment ATLANTA, Aug. 11.—The new locomotive repair, shops of the Southern Railway, which will be constructed here immediately, will cost approximately $750,000 and employ several hundred men. Fruit ST. LOUIS, Aug. 11.—Reports here indicate a severe drouth in Ar- kansas and Texas peach belts with fruit withering on the trees, The Prospect for a large crop has been materially reduced. BUSINESS BRIEFS DETROIT, Aug. 11—Following two weeks in whieh gains were re- corded, industrial employment here has slumped 2,571 workers to a to- tal of 194,091. This compared with 217,253, a year ago. PITTSBURGH, Aug. 11.—Resump- tion of building operations on a large seale in the Pittsburgh dis- trict was predicted today by E. M. Tate, head of he local builders’ ex- change. Depression has reached the bottom, he said. ———$—=—$—— | Market Gossip | Several bearish factors confronted the oil shares at the beginning of the week. They were the publica- tion of the report of the California Petroleum corporation showing net income of $1,758,934 for the first halt of this year as against $3,912,- 317 in the same period of 1928, a cut of 15 cents a barrel in certain grades of Gulf Coast crude ofl and the omission of the quarterly dividends on Standard Ol] of Kansas and At- lantic Refining stocks. Recent cuts in crude oil prices have not discouraged production di spite@the fact that some companies are reported to be operating at a loss. Two of the late wells to be brought in are number 3 Merritt of the Woodly Petroleum company in the cotton @alley district of Louis- jana and number 1 Rosecrans of the Barnndale Petroleum corporation in the Los Angeles basin, each well having an initial flow of 2,000 bar- re’s daily. — Tribune wantads bring resulta. ; Bonds | erican Loromotive American Smelting & Retg. American Sugar - American Tel, & Tet, American Tobaceo ---------- 148 American Woolen American Zine, Lead and 8m. Atlantic Coast Baldwin Locomotive Baltimore and Ohio Bethlehem Steel -------. California Petroleum eweeren-e 23% Canadian Pacific ----ceres--r 164% Central Leather ~.---------- 146% Cerro de Pasco -------—---- 46% Chandler MOM weereeennene 47% Chesapeake and Ohio -..-.--. 87% Chieago and Northwestern -- 65% Chicago, Mil and St. Paul pfd 26% Chicago, R, I, and Pae. 345% Chile Copper .... BBM Coca Cola --. Colorado Fyel and Iron Congoleum .-. Consolidated Gas ------.. Corn Products new ---~~-. Gosden Oil --... Crucible Steeb -..,-~-. Cuba Cane Sugar pfd. Davison Chemical Du Pont de Nemours General Electric General Motors — Great Northern pfa. Gulf States Steel Houston Oi! weeenseeeecres 59% Minets Central % ule Tnternational Matvester .... 6 Int, Mer, Marine pfa. -..---- 37 Int, Tel, and Tel. ------. 93 Invineible O11 --- wee-- 11K Kelly Springfield --.--ecerse Kennecott Copper ----.e---- 61% Louisville and Nashville ~ Mack Truck everereres: Marland Ol] ....,------. Maxwell Motors A -. ee Middle States O11 -..--.---- Mireourt, Kan and Tex. -..-- Missourt Pacific pfd, ...---.- National Lead .. —— New Orleans, Tex and Mez, 107% New York Central ~...-.---- 109% N. ¥., N. HL, and Hartford. 27% Norfolk and Western us Northern Pacific ~~... 65% Pacific Oll ~--------rer-neee Pan American Petroleum B -. PENNSYIVANIA ~-eee—engeerere Producers and Refiners ---.-. Pure Oil ..-. RRAAING ..-- reer seereesy: Republic Iron and Stee} .... Reynolds Tohaced B Beaboard Air Line ~—..~-..--* Sears Roebuck -+-ee-reenee~ Binelair Con -----------.--- Sloss-Sheffield Steel and Iron eeeeere- 81% Southern Pacific -,-------<-- 97% Southern Ratiway ----—----- 64% Southern Railway pfd. 16% Standard} Oil of Cal. _-._. Standard of N. J. ~ Studebaker Corporation Texas Co. -. Téxas and Pacific Tobacco Products ... Transcontinental Oil Union Pacific - United Drug United States Rubber United States Steel Utah Copper ..-.-.-. Weatinghouse Electric Willys Overland -...-.-.--.. 8% ‘Woolworth - -.._-----------. 112 CAL Cretk sennneverecemnerene$1.45 Lance Creek o---w-weneeneeee 1,40 Osage ---.----.-----. =~ 1.40 Grass Creek, light ewenee 1.45 Grass Creek, heavy ---------. .90 Greybu!l ~--ene-eeeen-eneeneves 1.40 Torchlight ... er seeeenss-= 1,40 Blk Basin .. ~ 1.45 Rock Creek peereceneencen 1.20 Salt Creek wWerennneeee-ere-- 1.10 Big Muddy -----------eceeree 1.00 Mule Creek -...~-. 60 Sunburst ~~. 90 Hamilton Dome ~.~----------- 1,30 Ferris *-------. BYTON aereneewowes sen--e nee ene 1665 Notches ~..,.---.---. +65 Pilot Butte ~-.--------------. 1.10 Lander ---r---s--e renee een eee 70 2 oo Standard Oil Stocks eeeencenen 1,65 Anglo ---- | 15% Buckeye nnwerenvenve 60% 61 Continental 4“ Cumberland 44 Calen® - ----cecerewee~ 58 be TINGS - eermeeeeenennl31%y 134 Prairie Pipe Solar Ref. Sou. Pipe -. 8. O. Kan. 8. Or Ky. - B. O. NED. -ereeeve: B.0. N. Yu ~-cennenceee 41 8.0. Ohig --.. Vacuum . 61% 8. P. Ol 39 8.0. Ind. >... 59% — WYOMING OILS NEW YORK, Aug. 11.—Prices of Wyoming oils at 2 p, m. today were listed on the New York curb as follows: Standard Of! (Indiana) 67%. Mu- tual 11. Salt Creek 23% For results try a Tribune Clas. sified Ad ee ere Stocks Black Stone Chappell Columbine - -—-- Centra: 41pe --+----—. Consolidated Royalty. 1,19 =.00 121 Cow Quien wn--—---- 03 06 DEMING sseeenneewererees 08 — .10 Elkhorn ~--.--9---n<= 06 Kinney Coastal Lance Creek Royalty .02 08 Maring -.. $00 8.15 Mike — a1 ork Oll .-.----- New Y Picard: Tom Bell Royalty ~~~ West. Exploration ~~ 3.25 3 Western: OU Piette --~ 15% -16% Western States ----- 14 15 WyoKant ~-------c-ne 99 = 1.00 Y. Of) came. ereenee 106 08 NEW YORK CURB CLOSING Mountain Producers . 18.12 18.25 Glenreck Oll ~~. 25 28 Salt Creek Prds. 23. 24.00 Salt Creek Cons, 7.75 8.00 New York Oil -... 2.00. .11.00 Oblo Ol! ——~-------= 58.75 59.00 Prairie O11 wennene 212.00 214.00 Mutual eadeandee 11-12") 12: S. O. Indiana 5S, —— CHICAGO, Aug. 11—(U. 8. De- partment of Agriculture)—-Hogs — Receipts 56,000; largely 10¢ to 15c¢ lower; weighty butchers slow leas declines; big packers doing little; slaughter wigs 25c off; shipping de- mand light, top $10.20; bulk desir- able 260 to 325 pound butchers $9.90 10; better 180 to 250 pound aver, ames $100 10,15; good and choice 140 to 150 pound weights $9.50@9.75; strong packing sows $8.40@8. weight killing pigs $8,75@9; heavy light weight 10.20; light lights $8.90@10.05 ing hogs smooth Ing boga rought Digs $8.25@9.25. Cattle—Receipts $9.40@ 21,00 steers, most weak to lic lower; trade very slow; early top matured steers $10,75: few joads yearlings and handy weights $9.75@10.65; canners and cutters steady to weak; most strong weight canners $2.60@2.75; bologna bulls of value to sell under $4.25 slow; others firm, few sausage bulls about $4.60; moderate supply weighty kind $4.75 @4,85; bulk veal calves to pack- ers $10.50; few upward to $11 to outsiders, stockers and feeders scarce in fresh receipts; run includes about 22 loads western gragsers, 13 loads Montana grassers $17.75@8.25 most- ly; one load tail end §7; Dakota grassers to feeder dealers $500@6.50 according tg quality and condition. Sheep—Receipts 20,000; s'ow; few sales fat lambs steady to 25c lower; early sales natives $13; sorting mod- erate; good to choice Oregon lambs $18.25; sheép and feeders steady; odd lots fat ewes $4.75@7; choice feeding lambs $13. Aug. 11.—Hogs— 15,500; better grades but- chers, 10@15c lower; others’ and packing grades, 15@25c lower; bulk 200 to 250-pound butchers, $9.15@ 9.40; top, $9.50; desirable 160 to 200- pound weights, $8.75@9. bulk 260 to 350-pound butchers, $9.10@ 9.85; packing sows mostly, $8.00@ mixed offerings carrying pack- ers and lights, $8.25@8.50; bulk of all sales, $8.10@9.35; average cost Sat- urday, $8.73; weight, 250. Cattle—Recelpts, 10,000; fed steers and yearlings, strong to higher; arly sales, $8.25@10.00; $10.75 paid for top yearlings and $10.50 for weighty steers; killing she stock generally steady; bulk grass cows and heifers, $3.00@5.00; canners and cutters on down to $1.50; bulls and veals, steady; practical veal top, $8.50; native bologna bulls, $3.75@ 4.00; westerns down to $3.00; stock: ers and feeders steady to strong; bulk, $5.25@7.00; fleshy feeders, up- ward to $7.7 Sheep—Receipts, 21,000; lamas, @26c lower; natives, : $1 early sales fat range Jam 12.85; some held higher; best year- lings, $10.35@10.50; sheep, steady; best fat ewes, $6.50@6 feeders, strong; carly sales range feeding lambs, $12.50; some held higher. DENVER, Colo., Aug. 11—Hogs — Receipts 850; early sales steady; strong: one load 210 pound aver- ages $9.80; few held at $9.85; desir- able 235 pound averages $9.75; odd hogs down to $9.50; packing sows few fat pigs $7.75 to $8. Cattle—Receipts 2,600, calves 150; yearlings and calves strong; early top yearling steers $9.85; others at $9.50 to $9.65; few weighty steers at $7.76 to $8; bulk Nght calves high- er, few heifers $8.50 to $9.50; y lings $5; medium cows $3.55 to $5.25 canners and cutters $1.50 to § desirable vealors $7 to $8; few steers and heifers $4.10. Sheep—Receipts 9,800; bulk off run fal} lambs; fat lambs slow 16c¢ to 25¢ lower; Nght Nevada lambs $12.25; medium to good Idaho lambs $12.25; few ewes $5.25; steady, WS AND QUOTATIONS BY LEASED WIR + pack: slaughter yearlings eers fairly yi weighty matured grades fat she stock Grain Rail Shares Lead With Spe- cialties Moving at Rapid Rate NEW TORK, Aug. 11.~-Stoek prices moved upward today under the leadership of the railroad share: buying of which was stimulated by Merger reports and easy money rates. Jersey Central soared 15 points and several others moved up 3 to 6 points. Several specialties rallied briskly on favorable earnings reports. Sales approximated 900,000 shares. Stock prices responded at the opening of today’s market to fav- orabl week end developments, in- eluding the agreement of the re- parations conference experts on th Program and the unexpectedly f: vorable unfilled tonnage statement bf the United States Steel corpora: tion, Atlantic Refining however, broke 2% points because of omission of the quarterly dividend, The early trading was marked by an almost entire absence of selling pressure exeept in isolated cases where advérse news governed op, erations, High price stocks were buoyant, with several coal carriers establishing new high records, in cluding Lackawanna, Delaware and Material Setback Is Record- ed and Close Is Unset- tled In Chicago CHICAGO, Aug. 11—Wheat underwent a material -setbaek jn price today during the early degl- ings. Hedging sales against newly harvested wheat were a bearish fac- tor, and so too, were reports that frosts in Canada had probably been too light to damage grain. Upturns in foreign exchanges falled to act as an offset. The opening, which ranged from %c decline to %¢ ad- vance, with September, $1.28% and December, 81.31% to 32%, were followed by slight géneral gains and then by a drop all around to well ber low Saturday's finish. Corn and oats weakened wit wheat. After opening % to ‘%ec higher December $1.05% to $1.05%, the corn market turned sharply down grade. started at Yc off to tse up, Sip to 62c and later show: ed Josses on all deliveries. Provisions were responsive grain weakn Subsequently, a visible supply in- crease of 7,726,000 bushels had a bearish effect and some buyers were appertnely holding off to await the to Hudson and Jersey Central, the lat-| Canadian government crop report. ter gaining 3% points. General Bak-| The close was unsettled, %c to 20 ing Jumped seven points to 124 and| net lower September, $1.26% to substantial advances were scored by | $1.26% and December, $1.80 to Montgomery Ward, National Lead, | $1.20%. American Waterwork “Nickel| No important rally took plac Plate,” General Electric and Pull-| The close was nervous, 1Me to 144 man. United States Steel was ae-| net lower, December, $1.03% to tive above 108 and American Can | $1.03%. moved up a point. Foreign ex- Open High Low Close changes opened strong, sterling jumping more than three cents to a 128M 1.285 1.26% 1.26% new 1924 high. ~ 1.81% 1,32 1.29% 1,30% Strength of ‘the railroad shares, - 1961.87 1.85 1.584% many of which soared to new high prices for the year, featured the - 115% 115% 148 1.18% morning session, buying undoubted: 1.05% 1.0545 1.08% 1.03% ly being influenced by reports that| May -..-- 1.05% 1.05% 1.04 1.04% directors of the Erie and Pere Mar- . quette rallroads would mee within o% . 48% & week to act on the Nickel Pla we-> 1% 58 M merger. Delaware and Hudson 4h 54% ay climbed five points to a new top at $1.4%, but a brisk demand also was 18,65 13.65 18,50 10.55 noted for Rock Island, St. Paul pre: 19.70 13.76 18,37 18.76 ferred, “Katy” preferre Ne Haven and Peoria and Eastern. At- wene nary <> seaee BEOO lantic Refining was supported on 12,35 12.85 12.07 12,07 the break to 82 and the other olls held firm'in the face of unfavorable . ave: see) ASL trade news, The Pan-American is: . 2 seem were - © 18,25 sues and General Asphalt showing| Wheat—Number 2 red, §$1.30@ good gains also, United States Steel Yan into profit taking around mid- day and dropped about a point from its_early high, but independent eels, shippings and industrial specialties continued under steady accumulation, 1.80%; number 2 hard, $1.38@1.20%; corn number,2 mixed, $1.14% @1.15; number 2, yellow, $1.14% @1,16, Oats. number 2 white, 61@52%crnumber 3 white, 49% @520, Rye—Number 2, 98%c; barley, 75 @8ic; timothy . seed, $7.00@8. Prices of high priced rallroad| clover seed, $12.00@21.50. shares were given another upward Lard—$13.57; ribs, $12.25; bellies, whirl, in connection with merger re-| §13,50. ports, Jersey Central soaring 13% points to 251 a new high figure for Atlantic Coast, Louisville ile and Canadian Pacific MINNEAPOLIS, Minn., Aug. 11.— also developed considerable strength. | t¥De POA Hie paste sp ect Foundation company was run UP! northern apring; choleé to “fancy, four points and General Baking ex-} SPUGi( 4D: Thig:” good to choles, tended its rise to 9%. Stewart War, $1,854 @143%:; ordinary. tay geod, per waa weak while Atlantic Retin-| §1'so.7 or agit; new @eptember, ing ran off again to 81%, ‘The closing was strong. High grade raljls, especially Ab chison, New York Central, South. ern Pacific and Union Pacific were bid up rapidly in the late dealings, Sugar and leathers also were in good demand. $1.28%; old September, 61.28 December, $1.30% December, $1.30%; new May, 61.30%; old May, $1.35% Corn 1.09% 7 Oats—Number 3 white, 4544 @4fc; barley, 66@82c; rye number 2, &3%\c Number 3 yellow, 614084 @ Livestock :: All Markets STOGK PRICES |WHEAT PRICES (CASPER SCHOOL{U. §.FLIERS MOVE UPWARD} SAGINMARKET/CHANGES HANDS} WILL CONTINU (Continued from Page One.) Mrs. Moore Will continue in charge of the = stenographic department which. position she has held the last two years. Mr. Moore, will assume’ the management o} the school and will be in charge of the bookkeeping department. Mr. Moore has been connected with the offi of the Union Tank Car company for the last three years and has had much practical experience in this field. The: fall tefm, which opens Aug: ust 26, marks the beginning of the sixth year since the school has been incorporated, each year having been more successful than the preceding one. Graduates from'the school are holding*pesitions of importance and trust in offices throughout the city and the state. The school is equipped with al modern appliances, and offers com plete courses in all commercial sub: jects, stressing particularly busi heap English and arithmetic as a necessary foundation for the com: meyelal training which iy to follow. “The qualifications required of the office an or woman are more éx: acting today than ever before, Bus: iness mon demand that th: siete ants be well tratned. np private commercial schoo! has hel a place in business eduention for the past fifty years and continues to hold a place of primary importance in giving intensive preparation for of- fico positions,” says Mr. Moore. DIL COMPANIES IN BIG MERGER LONG BEACH al., Aug, 11, — Consolidation of the Marine Oil eor- poration, the Marine Drilling carpor: ation, the Western States Oil com: pany, Bonstal Oil corporation, Colon- fal Oil company find the Cardinal all corporation, operating in the Signal Hill \d, was made public today by officials of the Marine Oil which heads the $5,000,000 merger, The Marine Oi! corporations re- ferred to is not the Marine Oil com- pany operating in Casper and the Western States Oil company is not the Western States Ol and Land company operating here. BOY ARRESTED FOR THIEVING Lawrence Moore, a 13-year-old youth who has been apprehended several times by officials on charges of stealing is once more in the eounty jail. Moore is sald to have stolen a saddie and some bed cloth: ing. The officials are contemplat- ing the advisability of having him sent to the State Industrial school at Worland LIBERTY BONDS NEW YORK, Aug. 11.— Liberty bonds closed, 31$¢ 101.4; first 4tis @84%c; flax number 1, $2.53@ fceneiemipee coun Tourist Travel To Yellowstone Shows Increase POWDER PLANT UP IN FLAMES NASHVILLD, Tenn., Aug. 11— Powder, machinery and bulldings valued at $28,000,000 war time prices and at more than $2,000,000 at pres- ent valuation were destroyed in a fire that swept clean a forty acre tract in the heart of the Old Hickory Powder plant at Jacksonville, Ten- nesser, yesterday. The -fire is said to be the great est single loss the government has suffered since the war. The plant constructed by the government dur- ing the war for the manufacture of munitions, was the largest project of its kind, METALS NEW YORK, Aug. 11—Copper firm; électrolytic spot and futures Tourist travel to the Yellowstone National park has been constantly increasing during the last three years, according to figures present. ed by William L. Whitbeck, field secretary of the National Park-to- Park Highway association, who is in Casper in the interests of that organization. Mr, Whitbeck's figures cover periods of from June 20 to July 31 each year. The figures for 1922 were 61,570 for 1923, 78,293 and for 1924, 80,380, This travel 1s thought to have been increased by reason of the de- velopment along the Park-to-Park highway. An appropriation of about $1,000,000 was recently made for the completion of a stretch of road from 1.13% @13%; tin steady; spot and| Gallup to Farmington, N. M., across futures 62.37. Iron firm; number 1] the Navajo Indian reservation and northern §19.50421.00; number 2)]an appropriation of $100,000 was re northern $19.00@20.00; number 2] cently appropriated for a stretch southern $18.00@18.60 across the Blackfeet reservation Lead firm; spot $7.75. Zinc firm; East St. Louls spot and futurew $6.15@6.20. Antimony spot $9.12. west of Glacier park. HOUSE LIFTED OFF FOUNDATION Foreign Exchange NEW YORK, Aug. 11—Foreign exchanges firm; quotations in cents: Great Britain demand 454%; cables 455; sixty day bills on banks 452, Franco demand 5,61%4; cables 662, |+ Italy demand 4.51%; cables 4.52 (Continyed trom Page One.) Belgium demand 6. cables 5.14] driven into her head py the force of the storm. Tt was at first reported that Fred Garrett, father of the girl had been Killed and also that the Rev. Amos Burkey, minister of the parish and Germany demand (per trillion) 23%. Hollend 39.08%; Norway 13.99; Swe- den 26.65; Denmark 16.10; Switzer- land 18.94; Spain 13.50; Greece 1.79; Poland 19%; Czecho Slovakia 2.95% Jugo Slavia 10.25%; Austria .0013%4; | father of Nellie Burkey, ono of the Rumania .46; Argentina 24.12; Brazil | vetim#, iMkewise had been killed. The storm after passing the 10.10; Tokio 41%; Montreal 99 23.32. —$=> Kuhns home travelled eastward and. was seen MINNEAPOLIS, Aug. 11.—Flour| without any further traces of its unchanged to 10 cents lower; family | being found in the vicinity. No rain patents 3$7.70@7.75. fell following the passing of the Bran $23.00, eee es. tornado, 102.15; second 4%\s 101.19; third 4445 102,15; fourth 4%4s.102,22; U. 8, gov- ernment 4% 105.30 POTATOES CHICAGO, Aug. 11. — Potatoes about steady, receipts 85 cars; total United States shipments 498; Mis- sour! and Kansas sacked cobblers $1.25@1.40; few $1.45; Kansas sack: ed early Ohios $1.15@1.30; Minne- sota sacked early Ohios $1.10@1.20 Virginia barrel cobblers $2,50@2 Butter and Eggs CHICAGO, Aug. 11.—Butter low- er; creamery extras 361sc; stand: ards 3 extra firsts 35@36c; firsts 8344@34c; seconds 32433c. Eggs unchanged, receipta 20,689 firsts #644 30c; ordinary firsts 7c. NEW YORK, Aug. 11,~—Butter, firm; receipts, 10,285; creamery, higher than extras, | cream: ery extra %92 score), creamery firsts, (80 to 91 xcore), 36@38%4e; packing stock current make, num. be: 271@27 Me. Eges, firm; receipts, fresh 6,483; gathered extra firsts, 33@35c firsts, 30@32c; ditto seconds and Poorer, 27@29%c; nearby hennery whitos, closely selected extras, 51@ 2c; nearby and nearby hennry whites, firsts to average extras, 39 @50c; nearby hennery browns, ex- tras, 39@46c; Pacific coast whites, extras, 45@46o; ditto firsts to extra firsts, 37@44 4c. s daitto Cheese—Firm; receipts, 93.456. State, whole milk flats, fresh fancy to fancy specials, 20@21 te; ditto average run, 104 mik twins, fresh fanc SILVER NEW YORK, Aug. 11.—Bar silver 69; Mexican doll ws OTTAWA, Aug. 11. — Canada's wheat crop this year was estimated 2,042,000 bushels teday by the dominion. bureau of statistics. The final estimate of last year’ crop was 474,199,000, state whole 20@ 20% c. (Continued from Page One.) cidents or unforseen ady@r Reports from the cruise Raleigh, which left this port Satu day to search for a /safe landir plage for the fliers on their hop fro Iesland to Greenland, state that 1 ice was sighted up to yesterday @ ternoon. Dense fog was encounte ed, however, On the other nand, @ message fro the supply ship Gertrud Rask, whi was relayed here by the Raleigh, r iterated that jee conditions alo the Grenland coast were bad. T! Gertrud Rask has been frozen for several days, but her command hopes she ean soon be freed, T! vessel was bound for Angmagsal with supplies for the aviators, whe caught by the ice. The aviators are faced with thr possibilities In making their ne hop. Fir the Raleigh by mea of her scout planes, may find a sa landing haven for them on tl Greenland coast; seeond they m: fly to Angmagesatik harbor, whi is free of ice, provided the Raleigh Planes can take enough fuel the to provide for the next lap, ar third, they may attempt a non-st: flight from this port, to Ivigtut, « the western coast of Greenland, + to a base near Cape Farewall on tl southernmost tip. The Yast named project would ¢ tail a flight of 780 miles neeessita ing the hazardous task of landing sea to refuel from the Raleigh, On Board the United States Cru! er Raleigh, off the West Coast Greenland, August 10.—(By the A sociated Press).-Proceeding slow through dense fog and cautious approaching the west coast of Gree land, in search of a safe Jandir place for the Ameriean round tl world filers now in Reykjavik, Te land, and awaiting word of the ho ed for discovery af an tee hayb for their next landing place, the R leigh at 10:30 o'clock this mornin for the first time, ran into Ice in tl form of a small drift. TAttle can be done until the -f lifts, which it is hoped will be time to allow the two scout plan: which the Raleigh is carrying to b gin a search for a landing place < the coast line this afternoon. WORLD'S TIME MADE AT RODEL (Continued from Tage One.) ists have been handicapped all wee with deep sand on the track ar the drivers have not been able manipulate their machines wit their usual skill. The time for the calf roping ar bulldogging Sunday was as follow Calf Roping. Fred Beson, :31 1-5; King Merrit :23 1.5; Billy Kingham, :54 flat; La Robinson, :19 4-5, :17 45; Ray Be no time; Herb Myers, :16 2-5; Re Kivett, no time; Lem Carmen, 1-5; Lloyd Saunders, no time; Be Crosby, :26 flat; ‘Ike Rude, :19 4 Geor no time; Mike Ifas ings, 5 Bulldogging. Billy Kingham, :11 4-5; Mike Ha ings, no time; Lloyd Saunder 6 flat; Buck Lucas, :6 3.5; Lee Ro inson, :7 flat; Bert Weem: Billy Kingham, :9 38. Ward, :9 4.5; Jack Kire! DAWES PROGRAN 5 ACCEPTABL (Continued from Page One.) agent-general to carry the Dawe plan into effect are being discusse in conference circles @ince the a) nouncement that the French wi agree to the evacuation of the Rut on conditions which it seeme like! the Germans will accept, James / Logan, American representative o the reparation committee imiss{or Dwight W, Morrow of J. P, Morga and company and Paul B, Cravat are mentioned frequently. Owen D. Young of the Dawe committee séems to be generally r garded in conference circles as th ideal man to initiate the Dawe plan but hig announcement that would only consider taking the por tempc y. makes the selection ¢ his successor probable at an earl date, This morning the “Big Foutteen'’ the allied and German delegatio leaders, met for an hour and @ he @t number 10 Downing street an heard M. Herriot's report of h Paris trip. They then briefly co sidered the one remaining proble: within the purview of the confe ence proper—that of the allied rai Mier d men remaining on the Germa lines. Thiy issue is so closely connecte with that of the evacuation of tk Ruhr that both seem likely to & settled at the same time, althoug the Ruhr issue wil] be kept outalé the conferenc: . MONEY YORK, NEW Aug. 11. — Ga moriey steady; high 2; low 2; gulin rate 2; closing bid 2; offered at 31 last loan 2; call loans against a ceptances 1%; time loans ‘eae; mixed collateral, 60-90 days 2%@ wheat |2%; 4.6 months 33%; prime‘ con mercial paper 3%.