Casper Daily Tribune Newspaper, August 19, 1924, Page 23

Mesias enetneeas Rl FeO TUESDAY, AUGUST 19, 1924. Oil and Gas Prospecting Finance Permits on State Lands OW and gas prospecting permits recently granted by the state in- elude’ the following: Jay E. Aurner, Greybull—AM of section 36-55-94. M. W. MacDougall, Denver, Colo. ~All of section 36-34-91. Herman C. Keiser, Casper—All of section 16-22-80. John Park, Rock Springs—S% of seotion 10-17-104. Mid-Mountain Of company, Cas- per—All of section 36-29-14. ‘Wm. C. Thomas, Laramie—All of section 14-16-77. Charles Carlson, Casper—E% of section 27-33-79. George E. Brimmer, Cheyenne— All of section 36-15.121. Louise O'Leary, Cheyenne—E% SW, SW% SEX of section 17-17- 69 NW. NE of section 20-17-69; NEW NW% of section 2117-69, Bertio .M, Ray, Thermopolis—N% SW, 5% NW of section 34-43-91. Dean T. Prosser, Tie Siding —N% of section 10-17-104. Angeline Pritchard, Seattle, Wash. —All of section 12-26-113. Chiles P. Plummer, Casper—All of section 16-42-81. Frank A. Little, section 36-57-97. Basin—All of Jay Em, Rawhide syndicat troit, Mich.—All of section 3 Intercoast- Oil syndicate, New York Clity—Al of section 16-15-117. Wesson _Dickinson, Detroit, Mich,—All of section 16-29-62. H. J. Allen, Casper—SBE\ of sec-| / 11-31-70. Jay G. Wanner, Green River—All of section 16-12-100. Ellis Hedman, Rock Springs— SEX SW% of section 15-27-101. George O, Wolf, Denver, Colo.— SE% NW%, NEX% SW of section 10-46-101; E% of section 16-46-101. Lauritz P. Miller, Laramie—All of section 36-19-78. A. D. Kelley, Cheyenne—8%, NE%, Wi, NW%, SEX NW% of soction 16-17-1064. Beatrice F. Snively, Rawlins—All ‘of section 16-18-88. Sage Creek Pet. company, Lander —All of section 16-27-95, Hi. G. Decker, Cheyenne—All of section 16-13-100. Arthur K. Lee, Thermopolis—All of section 36-44-92. Frank D. Brown, Douglas—All of section 36-22-71. Frank P. Bell, Cheyenne-SW% of section 5-28-92; W% of section 84-29-92. Commodity (Copyright, 1924, A wen Tribune) 0 PONCA CITY, Aug. 19.—Oll oper- ators in the Osage O!l country have been notified by the Indian commis- sioner that the Indians will not be re- quired to stand the loss occasioned by the evaporation of royalty ofl held in storage. It is expected the matter will be taken to the courts. ‘Wool. BOSTON, Aug. 19.—It {s expected by wool dealers here that the prices named at the American Woolen company's lightweight operating today will show a reduction of about 7% per cent jn some staple constructions with firm prices in fa- brics having the largest demand. . Autos, DETROIT, Aug. 19.—The Hudson Motor company expects to turn out the 100,000th car for the year about September 1. More Essex and Hud- son cars have been sold to date than in the entire year of 1923. Many de- partments of the Hudson plants are working day and night and HEssex outturn fs expected to be double that of last year, Elecertical Equipment. SEATTLE, Aug. 10.—Sales of electrical appliances and lghting fixtures, which haye been active all this year; have begun to slow down in coast cities, according to whole salers. Dealers anticipate a revival of buying in the fall when many small new homes will be finished. Sugar, NEW ORLEANS, Aug. 19.—The prediction now is for a sugar yield of 201,000 short tons for this state. This compares with 169,000 tons last year and a 10-year average of 228,000 tons. Coal. SPRINGFIELD, Aug. 19.—The mines of the fifth and ninth Mlinois districts working 213 hours last month, The idle time over June increased 207 hours. Grain DETROIT.—The prospective addi- tional profits to the Michigan wheat growers, as a result of the advance in prices, is placed at $5,000,000 above the estimated returns of June 1. Federal Statistician Verne H. | Everyman’s Investment and Speculation It may seem a little odd to In- clude in a series of articles about investments anything on speculation. Some cominent on the subject nev- ertheless may be helpful. It is not an easy matter to draw a line bewteen investment and speculation. The two shade into each other so closely that it 1s sometimes difficult to distinguish which is which, Perhaps motive has something to do with the dif- ference. In a general way when a man buys a security for the sake of the income we say he is investing and when he buys in the expecta- tion of price appreciation. we say he is speculating.. But this is not n complete, definition, Every in- vestor is gratified when the price of his security goes up and «pecu- laters are not always indifferent to the income from their holdings. The truth of the matter is that reourities do not stay permanently fixed either In the. investment. or the speculative class, <A stock or even a bond bought In good faith as an investment may become a speculation at some subseqent time. ‘And the contrary {s true, a specula- tion may ultimately eyolve into a HAY—GRAIN CHIX FEEDS— SALT Casper Warehouse Co. 268 INDUSTRIAL AVE ; TEL. 27 STORAGE FORWARVING For’ the best results in raisin, thickens use Victor Buttermill Starter. For more ¢; feed Victor Scratch Feed and Laying Mash, Trade News Church estimates the total wheat available in Michigan at 17,300,000 bushels. JEFFERSON CITY, Mo.—The Missourl oats harvest was later than usual, but the yield was three bushels an acre higher than last year and the total crop 1s estimated at 42,200,000 bushels, a gain of over 7,000,000 bushels compared with 1923. Cordage SEATTLE.—Two new orders total- Ing more than 35,000,000 feet of Ma- nila rope received by the Portland Cordage company here will necessi- tate an increase of working forces. One order for 25,000,000 feet for At- lantic coast points will be delivered in installments covering four months. Stone CHICAGO.—-Stone mills In the In- diana limestone district report that. they are now working from 60 to 70 per cent of normal. Quarries tn the Bedford and Bloomington districts have increased activity. Prices are easing off somewhat. ‘on , 8ST. LOUIS.—The Misour{ Pacific road is moving about 400 cars of ofl daily from the Eldorado and Smack- over fields, 25 per cent of which is northbound. Fruit WEST PLAINS, Mo—The peach crops of Howell and Oregon coun- ties is estimated at 200 carloads of Elbertas. While the crop is not the largest recorded, the quality of the fruit is splendid and growers ex- pect good prices, os Cotton OKLAHOMA CITY, Okla—Cotton has made excellent progress in the northern part of the state, but only fair progress in the southern sec: tion. Weevil damage has been slight and the crop for the state is expected to be good, though late. Textiles FALL RIVER, Mass—The Amer- fean Printing company continued to run its plants here at full time this week and the Wampanoag mill is expected to re-open. Investment sound investment. Yield is some- times used as indicative of the dif- ference between an investment and a speculation but even that is not infallible. In times of market ex- citement the price of some specu lative stock may advance so fast that the return falls below that ob- tainable upon a conservative bond without in any way altering its speculative character. It is prob- ably true, nevertheless, that all things considered the return offered by a security is a safer guide than anything else. A “pure” investment fluctuates only with change in: the current charge for money. The best ex- ample of this is a Liberty bond. All U. S. Government loans are now selling above par largely because money rates are at practically the low of the past decade. The far- ther you go from this standard of higher yield being compensation safety the larger the return, the for the raising of the risk. Summing {t up then the Inexper- lenced investor will not go far wrong if he uses the return upon an in- veatment as & measure of its qual- ity. I shall have something more to say about admittedly speculative securities in a subsequent article. POTATOES CHICA@O, Aug. 19.—Potatoes trading slow account rains; market dull; receipts ears; total United States shipments 688; Kanéas sacked Irish cobblers $1.30@$1.40; Missourt sacked Irish Cobblers $1,25@$1.35; Kansas sacked early Ohlos $1.15@ @$1.25; Minnesota sacked and bulk early Ohios $1.20@$1.30; Kentucky sacked Irish cobblers $1.65@ Nebraska sacked Irish cobblers $1.45@$1.60; Vinginia barrel cobblers few sales $2.75, Bonds Chemical @ Dye ..... 15% Can ~-...-------—- 134 Allied American pt American 171% 284 83% 1% 4 129% 161 = T8% Zinc, Leed and Bm 9% Aanconda Copper --. 4% Atchison ---------~--. 105% Atlantic Coast Line ~~ 126 Baldwin Locomotive 123% Baltimore and Ohio ..-..., 64% Bethichem Steel ~~..-------~ California Petroleum ------. Canadian Pacific -. Central Leather Cerro de Pasco ~------2<<e-- ‘Chandler Motors -....-..- Chesapeake and Ohio Chicago and Northwestern . Chicago, Mil and St. Paul pfd Chicago, R. I, and Pac. -.-. Chile Copper C009” Cole, <2 <---egarneenene Colorado Fuel and Iron —~~— Congoleum ~—-~-----~--——- Consolidated Gas > Corn Products new ~....— Cosden Oil ~..- eecwntomncoe Crucible Steel ----——----.-—— Cuba Cane Sugar pfd. --.. car & ——~ International ---— Locomotive --.---. Smelting & Refg. — Davison Chemical ~.......-. 48 Du Pont de Nemours -.---—.. 129% Erie .~.----—~-------------+ 29% Famotis Players Lasky ---... 84% General Asphalt -.------.- 48% enera] Electric ------------. 272% General Motors -—~-----... 14% Great Northern pfd. eene 67 Gulf States Steel ..---.. 7h% Houston Oil -—-------------- 1% Ulinois Central Int. Mer, Marine pfd. -----.. | Int. Tel and Tel. ~...-.--—-- Invincible Of] ~—~-----——.=- Kelly Springfield Tire ....-.. Kennecott Copper ---.--—--- Louisville and Nashville -... Mack Truck ~~.--..-.---—. Marland Oll ~~-,----~---2~- Maxwell Motors A ~-..-----. Middle States Oi! = 15% Missouri, Kan. and Texas -_ New York Central ~.-.....-.- N. Y., N. H. and Hartford . Norfolk and Western /.- Norther? Pacific Pacific Oll ---...... — Pan American ePtroleum B Pennsylvania ~~~... weanconsen Producers and Refiners -... Pure Oil Reading ~-----~--~--<---.- Republic Iron and Steel -... Reynolds Tobacco (B ~--..-.. 105% oe 18 Slots Sheffield Steel and Iron 74% Southern Pacific .....-.-.-. 96% Southern Rasiway -..-.----.. 68% Southern Rallway pfd. -.----.754B Standard Oil of Cal. ..-.-... 58% Standard Oil of N. J. -—-.. 35% Studebaker Corporation....-. 38% Texas C0. ~----werceccceecene 41, Texas and Pacific -...----. 39 Tobacco Products ~..-..--. 657% Transcontinental Oil -...... 6 Union Pacific wewenwenn- 146% United Drug ow 83 U, 8. Cast Iron Pipe ..-—. 102 U. S. Ind, Aloohol sccsesee-. 74% United States Rubber ...... 37% United States Steel ...--.... 110 Utah Copper -...---.---.--. 81 Westinghouse Dlectrio ~.... Willys Overland ~....-...-. 8% Woolworth -...... 113 —— pick nssuese: 10% 1K cwaspacescesss 60. WE Continental -.--....... 43 47 Cumberland. .----... uaT Galena oT Diinois .. 134 Indiana s-c--csseee-. 90 | 90% Nat. Tran. ~-+-----...- 22 Be ik 5. SE 66 Nor. Pipe --c-ese--2.. 83 85 Ohio Oil ----cecerpenne 56 56% Prairie Oll -----—-... Prairie Pipe -..-.--... Solar jet. aeeneecee Sou. Pipe . 8. O. Kan. 8S. O. Ky. --. S. O. Neb. ------e---- 235 238 8. O. N. Y. -onereenees 35% 39% B. O. Ohlo c-reeee ese 283 284 VACUUM -s-e-wewenere 64 864% BP. Oll --ccewwewen-s 124 127 8. O, Ind. <= 56% 67) CRUDE MARKET Cat Creek +12 ne ee nese cee e ef h.45 Lance Creek --csaececwesecee 1.40 Osage we eweeranseceee 1.40 Grass Creek, Ught ~-.--.s+0- 1.45 Grass Creek, heavy sss... Greybull 222. -ceesesewenwces Torchlight <--.ceceecerecseciny +t Elke Basin s2.2ceseectecewesee Rock Creek --o--seeneseveeeee 1.20 Balt Creék ...---nscsese ss eess 1.10 Big Muddy ...-2...5.22--2.2. 1, Mule Creek rn Sunburst ----..--.-2- arena Hamilton Dome + -s.see.-2 1.80 Ferris -. BYTON ~~. gecwews soweessoseee 16 Notches ~.22---ewewcecwneases 05 Pilot Butte --s2-ss-secwcceeun 1,10 Lander A eennenennsee 110 —-—___ Butter and Eggs CHICAGO, Aug. 19,—Butter high: Hey Lad er: creamery 370; standards 36 extra firsts 35% @36c; firsts 344% @ 85c; second: 38c. Begs un ed; receipts 11,684 cases. & > & jing sows, $8.35@8.7 | early. sal he Stocks : BiG Ask Bessemer --—--—--——— 25 28 Big Indian ~..—- .0¢ 4% Boston Wyoming --- .90 03 Buck Creek <---—-- .14 165 Byrke . <-.-------- 25 27 Black Stone Salt Crk. a it Columbine — 09 10 Contra! «spe 30 aay Consolidated Royalty . 1.10 Gulea Dpmino -.-... 08 = =.10 Elkhorn id B. T, Williams 2T% .28% eee eens OF a 02 04 DIK 02% Red Bank -~..-.------4.25 65.00 04% = 05% 13 4 08% 04 Western Exploration - 3.40 3.60 Western Oi! Pieior -.. 15% .16% Western States -.. .14 15 Wyo-Kans ae 1.00 ¥. OU ------------ 06 08- NEW YORK CURB CLOSING Mountain Producers - 18.00 18.12 Glenrock Of] ---... 25 Balt Creek Prds. -.-.. 23.75 24.00 Salt Creek Cons -.... 7.75 New York Oil ----.-.. 11.00 Ohio Ol -_--..--. 59.00 Prairie Of] ---...... 210.00 Mutual .-=...22..--.5 11412 8. O. Indiana 67.50 LIVESTOCK Chicago Prices. ~ CHICAGO, Aug. 19.-(U. 8. De- partment of Agriculttre.)\—Hogs— Receipts, 24.900; slow; opened most- ly 10 to 15c higher than Monday's average on desirable grades; light lights and slaughter pigs, firm; shipping demand more active; pack- ers doing lttie; top, $10.15; bulk od and choice 160 to 300 pound averages, $9.50@10.00; better 140 to 150 pound weigh -25@9.50; pack- better strong welght killing pigs, $8.75@9.00; heavyweight hogs,,$9.55@10.10; me- dium, $9.70@10.1 10.10; Ught lights, $ ing hogs, smooth, $8.50@8.90; pack- ing hogs, rough, $8.00@8.50; slaugh- ter pigs, $8.00@9.00. Cattle—Receipts, 10,000; general trade” draggy;) little done on most Killing classes; highly finished handy weight steers rather firmly held at $11.25; weighty kinds, around $10.75 @11.00; tendency: weak. to lower on short fed; western grassers and commons and medium grade fat cows desirable heifers moving, sup- ply Very scarce; run includes about fifty loads western rangers, mostly steers; sizeable strong Montanas to Killers late yesterday, $7.25 down; 10 load lot western to feeder dealers, $7.15; sverage weight around 1,000 pounds; few loads western range Cows late yesterday, $5.25; less de- sirable grass cows, slow at $3.50@ 4.00; some rather meaty heifers, $4.50@6.00; little action on lght- welght bologna bulls, strong weight and heavy kind, scarce; few exceed- ing $4.50; vealers, steady to 25c 3 packers buying freely at . ‘12.50; outsiders upward to $18.00; country demand for stockers and feeders narrow. Bhéop—Receipts, 15,000; fat native lambs, mostly steady; sorting Nght; western steady to strong; early bulk desirable native lambs, $13.75@14.00; few to outsiders, %14.25; early sales range lambs, $14.26@14.35; sheep, steady; odd lots native ewes, $5.50@ 6.75; talking steady on feeding lambs; no early sales, -+ -- -- Omaha Quotations OMAHA, Neb., Aug. 19,—{U. 8. Department of Agriculture)—Hogs: 9,000; better grade butchers and Ughts active; fully 15 higher; mixed and packing ~grad slow, strong to 16 cents higher; bulk 200 to 300 und butchers $9.25 to $9.40; top 60; desirable 160 to 200 pound Weights $9.00 to $9.25; packing grades mostly $8.15 to $8.85; smooth gtades ulis of Cattle—$8,900; best yearlings weak 10c to 16¢ lower; wolghty kinds off most; bulk $8.50 steers and to $10.2) few loads upward to $10.7! eld higher; grain fed to weak; grassers very dull, weak to 25¢ lower; veal- ers strong to 25c higher; bologna bulls slow, weak; stockers and feed- ers active, fully steady; bulk fea cows and heifers $3.00 to $4.75; bo- logna bulls 3.25 to $4.00; selected upwards to $9.50 to out- stockers and feeders $5.50 to $7.50; top $7.75, Bheep—27,000; fat lambs steady to 250 lower; natives mostly $12.75 to $18.25; westerns $13,50 to $13.60 best held at $13.75; sheep fully 250 lower; eatly sales rahge fat ewes 5.50 to 6.26; feeders fully 500 lower: feeding lambs 12.00 to 5; yearlings 10,26; feeding ewes a < —_— : Denver Prices. DBNVER, Colo., Aug. 19.—(v. 8. Department of Agriculture.)\—Hogs Receipts, 2,300; around 10 to ibe higher than Monday's Offerings; top, $9.75; good to choice 190 to 240 pound avérages,- $9.50 to $9.95; few Pigs, $9.35 to. $9.40; packing sows, de mostly $7. stock pigs, $7. Cattle — Receipts, 550; . steady; ers, | $6.75; mixed yearlin, } Tass cows, $4.00 to $4.85; m dium heifers, $4.75; mixed cows and holfers, $6.25; odd’ vealets, $6.60 to 00; a bulls, $3.50 déwni $1.50; choice 1,093 Casper Daily Cribune Grain :: Livestock :: All Markets 73 AND QUOTATIONS BY LEASED | STOCKS RALLY |GRAINPRIGES | HAMILTON DOME OIL: INLATE SALES) LOSE GROUND Profit Taking Absorbed During Morning Session f Exchange NEW YORK, Aug. 19.—Stock Prices moved in an uneven manner In today’s active market. Bullish demonstrations in various rubber, Public utility and merchandising {s- ‘Sues was counteracted by extensive profit taking in the steels, equip- ments, motors and some of the rails, Sales approximated 1,500,000 shares. NEW YORK, Aug. 19.—Resump- tion of profit taking, contrasted with further experiments on the long side, gave the stock market an irregular appearance at today’s opening, but price changes generally were trivial. Several new high rec- ords were established, the lst in- cluding American International Cor- Poration, Texas Gulf Sulphur, Nash Motors, Gcodyear preferred and Gimbel Buyirg orders converging mainly On industrial specialties, were coun- teracted by active realizing in some of the pivotal issues, including United, States Steel, American Can and Baldwin. Opening a point higher, American Can duplicated its previous top prices at 131% but later fell back to .130. Gains of one to two points were scored by American Woolen, Air Reduction, Postum Cereal, Allis Chalmers, Union Tank Car and an assortment of department store stocks. Davison Chomical dropped 2% and Congo- leum almost two points. Trading was quiet in railroad shares, Union Pacific losing a point. Foreign exchanges fluctuated erratically at the opening. A seven point break in Davison Chemical, probably resulting from the catching of stop-loss orders, oaused some , unsettlement around the end of the first hour, recessions of a point or so taking place in tev- eral steels, equipments, motors and rails, Bullish operations were soon resumed in other quarters with many of the tobaccos, rubbers and merchandising issues, Atlantic Re- fining and the Pan-Americans show- ing net gains of 1 to 2% points be- fore noon. Union Tank Car, which climbed 5% points to 125%, headed the list of more than twenty new 1924 highs, which included New York Central at 110% and United States Smelting at 36. Trading was brisk, sales exceeding $25,000 shares in the first hour, Call money again opened at 2 percent. The market having shown an ability to absorb pretty substantial profit taking bull operators were en- couraged to resume the bidding up process again in the early afternoon, selecting the low priced oils, Allis Chalmers, Fleischmann, Sloss Shef- field Stee! and International Bust- ness Machine to start the upward movement going again. American Can got back’to 181% and United States Steel rallied briskly after touching 109%,. The closing was irregular. Estab- Ushment of new 194 highs by Amer- fean Can and American locomotive stiffened the general list in the late trading, which was featured by a brisk demand for the public utility issues. Buy Coal Supply Early, Railway Board Advises CHEYENNE, Wyo., Aug. 19.—The Western Regional Advisory board of the American Railway association of which State Public Service Com: missioner Thomas Carroll and James Cooper, secretary of the State Public Service board are mem- bers, has issued a warning to Wyo- mingites to lay {in their winter coal supplies without delay, thereby avoiding delay later due to a pros pective cat shortage and avolding, also, prospective higher prices. —_—<—____— MONEY NEW YORK, Aug. 19.—Call mon- ey steady; high £, low 2; ruling rate closing bid 2;~offered at 2 loan 2; cal loans against I ances 114; time loans Gasy; mixed collateral %0-90 days 2%@2%; 4-6 months 3@3%; prime commercial paper I@38%. SUGAR NBW YORK. A:g. 19.—No fur- ther changes were reported in re- fined sugar which is quoted at 6.70 top 6.90 for fine granulated. De- mand is less active. Refined futures were nominal, Sugar futures closed steady; ap- Proximate sales 19,000 tons. Sep- tember $3.65; December $3.74; Jan- wary $3.45; March $3.33. A cork 200 feet below the surface of the water will not rise again, ow- ing to pressure of water. j ot onic at Aether teal SILVER NEW YORK, Aug. 19.—Bar ai! ver 6844; Meéxican dollars 52%. bound .feéders, $7.85; other early 3, $6.00 to $6.65; New Mexico stock cows, $2.90; steers, $5.00. Shoeep—Receipts, 250; ono load ewes, $6.25, steady; fall lambs, searce, - et Dearth of Export Business and Crop. Improvement Cause Slump CHICAGO, Aug. 19.—Wheat weak- ness that was associated with seem- ing dearth of export business had & bearish effect on the corn market toward the last day. Corn closed unsettled, Ko to 1% net lower, December $1.17% to $1.17%. CHICAGO, Aug. 19. — Although the corn market underwent a ma- terial setback soon after the open- ing today, prices quickly developed new strength. Forecasts or rising temperature were largely respon- sible for the general selling that tem: porarily carried the market down- ward. On the other hand, heavy storms in Illinols and Iowa tended to stimulate aggressive fresh buy- ing. December $1.17% to §1.18%, were followed by a general fall of about two cents and then by a rally to above yesterday's finish. Further bulges in the corn market ensued, and December oats touched a new high price record for the season, Later, however, there was much profit taking in corn, and the market felt the fnfluence of wheat weakness.) Besides, talk Was current about considerable im- ports of Argentine corn for use along the seaboard both on the Atlantic coast and the Pacific. Wheat values showed a downward tendency, indications pointing to un- likelihood of further serious crop damage in Canada. Besides, export demand appeared slagk. After open- ing at %c lower to Yo advance, September $1.80 to $1.30% and De- cember $1.85% to $1.35%, the wheat markét suffered a decided general drop but recovered somewhat when corn turned upgarde, Subsequently, favorable crop re Ports from Australia and predictions of rain in Argentina were bearish factors, and there was increased no- tice of lack of export Purchasing of United States wheat. The close was Weak, 2c to 2%c net lower, Septem- ber $1.27% to $1.28 aT$ December $1.83 to $1.33% Wet weather gave firmness to oats. Starting at %c off to Ko ‘up, December 670; prices sagged but then scored good gains. Provisions. were governed mostly by the action of corn. Open High Low Close WHEAT— Sept ea5130 1.80% 1.27% 1.27% lay asad. 89 . GORNA. Y% 1.39% Sept -----1.21% 1.23% 1.19% 1.22) Dec, -.---1.17% 1.19% % 1IT% 1% 1.17% 1. 56 68 wa 59 56% 57K 6215 59% 60% 14.00 13.80 13.92 14.05 18.86 13.95 12.15 13.80 13.30 18.42 13.45 13.42 18.45 ——————_——_ Fi MINNEAPOLIS, Aug. 19,—Flour unchanged to five cents lower; fam- ily patents '$7.70@$7.80, Bran $23.00 @ $25.00, FORT CASPAR SITE ACQUIRED (Continued from Page One) and from Second street to the Bur- lington depot on Wolcott. This cov- ers part of the original plan to ‘haye this district extend from David ftreet to Conwell on Capital hill, It was later decided that there was some objection to installing éxpen- sive lights beyond Grant since the Ughts would be assessed against the abutting property. The lighting dis. trict as created is known as Light- ing District No, Tt will be a con- tinuance of Casper's “great white way" which was given an impetus last summer when new lights were Installed along Center street in the business district. The lights which will be installed will be,mounted on fluted cast iron posts. No objections to their installation were received by the council last night. The Warren Construction com- pany was awarded the contract for paving District No. 45 which extender on Washington street from Second to Fifteenth, and on Third and Fifth from Jackson a short distance east, Twelve mombers of the present police force were approved. Further approvals will be made later. The officers approved last night include Sergeants A. T. Patriek, C. T. Pluckhahn and Guy C. Wright, and Patrolmen Roy Plummer, Ray Ideen, Jets Freel, Patrick Sullivan, J. E. MacDowell, Will Clark, Sherman Reese, Clarence Benson and W, A. Bak The office of pound master was abolished, This diity will be taken care of by the police depart- ment. The mayor and council! discussed at length the possibility of having a civil service system for both the policé and fire departments and it is probable that some définite ac tion will be taken in the near fu- ture although nothing was done last night. The council approved the idea of extending Walnut street from Weat Yellowstone avenue through the Notthwestern yards on south, A thoroughfare across the Northwest- SHIPPED TO MARKET, Six Tank Cars’ Loaded Out of Craig, Colo.,.in First Shipment by Texas Company of — , Crude From New Producer. CRAIG, Colo., Aug. 19.—The first commercial shipment of ol] from the newly discovered Craig field left here when six tank cars containing ll from the Texas company’s well which came in on January 27 laat, were attached to a Moffat road train consigned to the refinery at Flor- ence, Colorado. Twelve additional tank cars are being filled today and Will be shipped tomorrow. Officials of the company here in charge of the well hereafter hope to main- tain a datly shipment from the field. Much of the dally shipment will be consigned to the Producers and Refiners refinery at Parco, Wyoming. The oll shipped today was ttans- ported through the pipe lines of the Prairie Oil and Gas Company to their tank farm a mile and a quarter west of here. Storage tanks ‘with capacity of 180,000 barrels have been erected at the tank farm and It Is estimated today that the~stor- age capacity now is approximately two thirds complete. The oll is from the Texas Produc- ing company's well, Acceptance of Dawes Plan To Mean Greater Market For American Made Goods By J. C. ROYLE (Copyright, 1924, Casper Tribune) NEW YORK, Aug. 19.—While the Protocol binding Germany and the allies to the Dawes plan, has not yet gone into effect, negotiations at London now have reached a stage where American business men are convinced the rehabilitation of Europe soon will be begun. ~ Corise- quently the majority of them took a brighter view of both the nearby and long term prospect for business and industry today. The business men were confirmed in théir attitude by advancing val- ues for European securities. Since Secretary: of State Hughes went to Europe, Americins have shown a more cheerful attitude con- cerning the Daw report. The bureau of domestic and fore!gn com- merce will issue Monday a report on the probable effects, on American commerce of the operation of the Daw scheme, although there is no rance that the form action preparatory to put the plan into ac- tion will be taken by that time. ‘While the effect of the operation of the Dawes plan will necessarily be psychological for some time to come, so far as this country ‘8 concernel, it will be none the less real. Bust- ness men all over this country have looked on world commerce and trade as a mill, the main drive shafts of which are turning under only a part load, With the plan in operation, they expect to see the belts of the line and countershafts slipped from the idler pulleys and begin to turn the economic machinery of the worla until a peak load of production is reached, If that takes place, {t will moan prompt and continued demand for American raw materials, with im- proved demand for American fin- ished gools. Competition will instill new life into trade veins. Pierpont, B. Noyes, former United States Rhincland commissioner de- clares the plan is “a master stroke In the interests of the farmer and all business in America.” Haward A. Filene of Boston, retaft merchant, who keeps in closet touch with European markets, ae- serts that Germany, under the, op- eration of the plan, will bo America’s best customer. His contention to some extent, is borne out by the re- cent activity in copper, lead, zine, silver, cotton, wool and other com- modities which have been influenced by prospective German demand. | BUSINESS BRIEFS SHREVEPORT, La, Aug. 19.— The daily average oll productf®n in the Louisiana and Arkansas fields showed an increase of 11,200 barrels in the last week. New drilling pro- duced a total of 28 producing wells, four gessers and five failures. in that period, as against 26 wells, six gassérs and four failures in the previous sweek. A decided slump in drilling oper- ations Is expected to take place, however. The large companies are curtailing operations and some are expected to cease drilling altogether The bringing in. of two gushers in the Cotton Valley district, flowing 4600 and 2000 barrels, respectively, was a feature of the operations of the last week. ATLANTA, Ga, Aug. 19.—Fan mers now are beginning to pay off debts many of which date from the time the bill] weevil first invaded the southeastern cotton field#. Business leaders declare that with the’ flow ofsmoney from the great harvests in sight they can not see how the territory can fall to flourieh this fall. BOSTON, Aug. 19.—There were 10 per cent fewer travelers. who moved in and out of North Station here in July than were carried in July, 1923. This ts taken to relect the gain tn popularity of autome- bile and bus transportation within commuting distance of Boston. JUDGE ROSE WINDS UP PRIMARY CAMPAIGN IN ADDRESSES LAST NIGHT TO TWO CROWDS HERE Judge Robert FR. Rose, candidate for the Democratic nomination for the United States senate, mpoke to a large audience in the Iris theater last night and later made another address to a crowd at the North Washington dance hall. Judge Rose was introduced at the Iris by Mrs. Burke H. Sinclair, a former Demo- cratic state committee woman. At- torney H. H. Schwartz concluded the rally by an address in which he discussed the record of Judge Rose on the bench and dwelt upon his qualifgations for the renate. P. J, O'Connor, ‘well known among Wyoming Democrats, presided at the meeting. Judge Rose maintained essity of honesty strict the nec in government, enforcement of the ‘constitu. ern tracks at this point would elim. inate congestion of traffic on South Center street, it is’ thought. The local labor unions were grant- ed permission to stage their annual Labor Day parafe. TWO DEAD IN (OWASTORM (Continued from Page One) and it ts still rising. Tt is estimated that property damage will bo ex- tensive. At Dubuque, Iowa, 2.2 inches of rain had fallen during the 24 hours ending at 7 a. m. Corn fields are severely damaged. Tho Mississippi Tose eight inches in an hour this morning. bs tion, equal rights, and the true {deats of democracy, He pledged his sup- port the Casper Alcova trriga- tle project and promised to ‘work toward its attainment as something to which the people of Natrona county have a right. In regard to his campaign if nom- inated Judge Rose said that he would do no “myd slinging’ but that he would conduct his affairs in such a way that he might speak what he saw to be the truth without fear of criticism, The speaker praised Senator Bur- ton K. Wheeler for his work of) the congressional investigating commit- tee although the senator later-with- drew from the ranks of the Demo- cratic party and later wi the side of the progres: Presidential candidate, LATE SPORTS ST. JOSEPH, Mo., Aug. 19.~—The owners of the St. Joseph Western league baseball team league club to- day served notice that unless ‘there is @ considerable increase in patron. age at the home games, an offer for the transfer of the team franchise will be accepted before the close of the season, The owners assert they have been losing money. BROOKLINE, ‘Mass, Aug 1 Miss Helen Jacoby of San Francisco, latest of the girl prodigies in tennis from the Pacific coast, made her first appearance on an eastern court here today and won impressively, Playing {n the Longwood invitation singles tournament for women, she defeated Miss Frances Sears of Boa + + 4M tom, 6-0,6-0, 4