Casper Daily Tribune Newspaper, August 22, 1924, Page 9

Oil Finance Industrial Trend Toward Smaller Centers Based on Advantage for Employes By J. ©, ROYLE. (Copyright, 1924, Casper Tribune) Ba ad YORK, Aug, 22.—The collar rs as well as soft shirt men ‘who come to the large cities to work nowadays are likely to be compell- ed to turn around and go back to the smaller towns, There is a dis- tinct movement under way toward a closer contact between the ducing and admirustrative and “dis- tributing ends of ny basic ine ries, as well as a desire to con- cal @ activities of each close to the Center of its markets, This trend in policy has been strengthened by a number of fac- tors. One of these has been the rapid increase of property values and rents in the larger cities, A concern which moved its executive and sales departments recently from New York to the middle west was able to bay property and build its offices there at a cost equal to about one. year’s rent for its former quar- ters {11 this city. Cost of living for emploes also has been taken into deep consideration, in an effort to avoid a higher scale of wages with- out lowering persona] efficiency or standards of living among the work- ers. “4 Moves of industrial plants and fac- tories to smaller centers has been inspired by sirmilar motives and by the search for cheap and dependable power facilities. Many sites have changed also by the transform- nm in the foreign born population engaged in certain industri The plano industry for many Years, was almost entirely in the hands of German workmen. Tho plano, workers wood carvers, picture frame makers and pipe makers for- merly were of German oridin. Their places now have been taken to a Jarge extent by Russians, Poles and ‘Truck trani also has en: abled manufacturers to utilize sites where land values are cheaper and , where the cost of storage facilities ro-| environs. for raw materials and finished stocks are not so high, These moves to smaller towns have been vigorously opposed by many of the employes, The chief djsadyantage ts the dif. ficulty of attracting skilled labor, says a finding of the committee on the regional plan of New York and Workers and their families don’t want to leave behind them the shopping and amusement advantages of Manhattan and the foreign colonies where they may find their chief social life. Many who haye moved from Broadway to Main street, however, are thoroughly satisfied with the change, Officials of the Indian Refin- ing company, which moved its exe- cutive and sales force of 300 people from New York to Lawrenceville, Ill, where its refineries are located, declare the policy marks a new movement for the re-distribution of the working population as well as an improvement in efficiency. sall- ing and manufacturing, a cut in overhead and @ saying in communj- cation. “ xperiment is proving suc- ful," said J. H. Graham, presi- dent of the company. “We asked our white collar workers to make a six months trial of lMving in the smal? community and guaranteed return expenses for themselves and their families and goods, if they found thelr urban instincts too stron, Only 19 have returned. “The personal element in industry may be restored through removal to smaller centers. Closer association brings better busine: and more business, High executives become eware of the hummn qualities of those under them"and are able to base advancement of their men on a broader understanding of their abill- A return to: truer industrial democracy Is evident as a further de- velopment through the breaking down of artifical barriers hetween the ranks of the workers.” Among other organizations who are taking similar steps is the American Woolen company, which is gradually transferring its execu- tive departments from Boston. and other cities to Shawsheen yillage. . TradeNews POPPLE, Minn-Five hundred Indians are harvesting the 1924 wild rice crop which js estimated by F. 1. “wild rice king of the United *" to be the largest in 25 ‘Vance expects to’ ship 60 NEW ORLEANS.—Unusually 00d prices are being paid for early receipts of rice, with Honduras bringing as high as $5.56 a barrel for rough and 64% to 7c for clean. Other grades aro selling almost as high for rough with blue rose clean quoted at 6% to 6% and Carolina at Jo a pound, Corn. DETROIT.—The Michigan corn crop has been reduced 10 to 15 per ~ gent by failure of seed to come up. This in addition to probable loss , through uneven growth due to the cold, wet spring. ‘egetables. ST. LOUIS.—The Federated Fruit and Vegetable Growers reports that _ shipments handled by the concern from all sections of the country in the first seven months of this year exceed. the corresponding sales in 1923 by 50 per cent. Farm Implements. KANSAS CITY.—Country mer- chants in this section are being be- ings, ocean ho fav been tracted to the middle west by re- ports of improved conditions. * Live Stock) HOUSTON.—Cattle men in this state expect to market 10 to 15 per cent fewer animals in the remainder of the year than ‘in the ‘last’ half of 1923, when 1,269,649 head went out of the state, Fruit. VANCOUVER.—Shipments of green prunes from this port to Chi- cago, Cleveland, New York and other eastern centers is now under way at the rate of 125.cars a week. Thé rate will be maintained for four weeks according to railroad traffic’ official Growers are receiving $20'to $25 a ton for thelr fruit. pes LITTLE ROCK—Exports from Washington and Bénton countiés in- dicate that the grape crop there will Bonds :: NEWS AND. QUOTATIONS BY LEASED Y Ameriean American American Américan American American «American American American American Car and Foundry. International Locomotive Smelting & Refg. Sugar = tit Tel, and Tel. — Tobacco. Woolen .. Zinc, Lead and 8m Anaconda. Copper. ---~------- Atchison wena reeseerseme Atlantic Coast Line -. Baldwin Losomotive Hialtimore and Ohio - Beth’ehem Steel --~-.--4. California Petroleum Canadian Pacific —. Canadian Leather Cerro de Pasco -.~. Chandler oMtors ~ - Chesapeake and Ohio -.--.-. *hicago and Notthwestern .. Chicago, Mil & St. Paul pfd. Chicago, R. I, and Pac, ~.-. Chile Copper --...--. CocoCola ace Colorado Fuel and Iron --~ Congoleum Consolidated Gas Corn Products new Costen Oj) - Crucible Steel Cuba Cane Sugar pfd. Davison Chemical --.. Du Pont de Nemours Erie oo Famous Players Lasky ----.~ General Asphalt — General Electric Genera! Motors -.----. Great Northern pfd. Gut Staten Steel — Houston Oil Mlinois Central {nternational Harvester Int. Mer, Marine -pfd. Int. Tel and Tel, {nvingible Oil Kelly Springfield Tire Kennecott Copper ‘ Louisville and Nashviifo Mack Truck Marland Oil Maxwell Motors A Middle States Oi! - Missouri, Kan, and Tex. Missour! Pacific pfda. National Lead. .. New Orleans, Tex. and Mex, New York Cen N. YX, Np Heya Norfolk and. V 169% 23° sly 75% 76% 9 30% 104% 133% 4 62% 22 ROP ----nee Pan-American Pennsylvania, --,-. Prodycerd and Refiners .--.. Pure ' Oil '~.-5-<-, Petroleum B Southern .Pacifie ~. Southern » Southera (Ri Standard -Oil -of Col. Standard Oil of N. J. -. Studebaker Corporation -. Texan Co, Texas and Pacific - Tebacco Products -. Transcontinental Oil Cnion Pacific - Inited Drug % 8. Cast Iron Pipe 3. Ind. Alcohol Jnited States Rubber — Inited States Steel Utah Copper Westinghouse Electric Willys Overland . WoolWorth' be the largest for sevegal years, Fit- |; teen carloads of fruit in baskets have been received at one sh!pping point. Steel. Peay? tae Spe: PITTSBURGH.—A_ large ‘local maker of sanitary ware has come into the market forsfoundry pig! iron. As this concern usually buys ten thousand to fifteen thousand tons, a more active market is looked for. A large steel works is inquiring for 3,000 tons of basic pig iron a month for the remainder of the month. BUSINESS BRIEFS fae eat eet ae “ST. PAUL, Aug. 22.—Freight load- ings of northwest roads are 10 to 15 per cent under those of the first six months of 1923 but officials of t! granger lines forecast that tonnage pea this entire year will be up to last tal, in view of the record haul of agricultural products expect ed this fall. The last 10 days showed heavy purchases in the Twin Cities by country merchants preparing to supply an increased farmer demand. Prices for clothing, notion: ary POTATOES CHICAGO, Aug. 22.—Potatoes, trading rather slow account of rain, market about steady; receipts, 39 cars; total United States shipments, 4 cars; Kansas sacked Irish Cob- blers, $1.10@1.35, according to qual: ity; Missourl sacked Irish Cobblers, $1°10@1.30; Nebraska sacked Irish sacked Early Ohios, $1.10@1.2 Jersey sacked Irish Cobblers, $1.80 @1.486; Virginia barrel Cobblers, $2.80@2.85. CHICAGO, Aug. 22.—Butter, low- er; creamery extras, 37¢; standards, 36%4c; extra. firsts, 3644 @36c; firsts, 340 94%; necon 32@a3 tc. Eggs—Higher; receipts, 7,141 cases./Firste, 31@34c; ordinary firsts, “29@ M0, goods and shoes are stiffening slight- ly. Purchase of farm implements {s on the increase and there is a larger rural demand for lumber. MINNEAPOLIS, Aug. 22.—Minne- sota workmen's compensation insur- ance rates are to be increased 10 to 15 per cent in September, the, state board indicates. The foss ratio has increased from 44 to 75 per cent since 1918, Total premiums for the last five years, $16,139,534 and losses totaled $9,503,393. SILVER, NEW. YORK, Aug. 22.—Bar silver 6814; Mexican dollars 52%. DRILL DAY IN JAPAN To URGED (Continuec from Page One) has been a controversial subjedt among members of the American colony. Recently a protest was sent to President Coolidge by missionary workers here pointing out that the “position of our country as peace loving and non-iilitaristic is clear- ly compromised by this project,” collateral 14% 15% 60% 41 147 57 134 90% 66 35 56% 208% 106% 183 93 , 38% uu 238 39% 284 Buckeye Cpntinental Cumberland Galena hlineis Hana Nat. ‘Tran. Ny ¥. Tran. Nor. Pipe ---. Ohio Cll ~—caemse- Prairie Oil Prairie Pipe S. O. Ky. ------. 127 Cat Creek Lance Creek Osage Grass Creek, light -..---.. Grass Creek, heavy -.----..-. Greybull Torchlight Elk Basin Rock Creek Salt Creek .. Blg Muddy Mule Creek Sunburst --.-.---~------------ Hamilton Dome Ferris Byron Notehes Pilot Butte W YORK, Aug. steady; high, 2; closing bid, 2 loan, 2; ances, 1% , 2; ruling rate, offered at 2%; last call loans ogainst, accept ; time loans, firm; mixed 60-90 days, 2463; 4 months, 34 @S ty egooieet commercial paper, 3, 3%. Boston Wyoming --- Buck Creek Burke oer = Black Stone Salt Crk. Chappe? Pots ee os Centra: Sealant Consoliaatea - Royaity- Cow Guica Demino Elkaorn ... Ee, T, Willams - FSi BO -n2e rn mernnnne Fans 22-22-2208 Gatos weneneene JUPIOF -n- as awe Kinney Coastal ---.- aes Creels Royalty bs hag opt ia & Gulf ..-- 1.21 06 10 08 aT 07 * 4.00 09% 09% 01 07% sree menee Preston -.. Red Bank Royalty & Producers Sunset -09 Tom Bel 03% Western Exploration - 3.40 Westeru Oli Pieias . 15% .10% ern: States “2. 14 15 WyOKans no-sense 99 | 1.00 ¥. on 26 08 NEW YORK OURB panera a Mountain Producers 18.00 Glenrock Oil -..---. +20 Salt Creek Prds. 23.26 Salt Creek Cons, 7.50 New York oil. 7.00 Ohio Ol 58.80 Prairie Ol 209.00 Mutual 11.00 8. O, Indiana + 56.87 vey 46.00. 48. 00 -05 4 fo 04 3.60 210.00 11.12 57.00 Chicago Price: CHICAGO, partment Receipts, vest pricet rong to 6c higher than the average; desirable light ights show 10c advance; shipping demand moderate; big packers in- active; top, $1 3 bulk desirable 25 pourid) ‘welgh@ $9.90@ better 140 to.150 pound aver- $9.50@9.80; goad ,.and choice a#rong welght slaughter pigs, $9.00 100 to 110 pound king, $8.00 @8.50; packing sows, $8.50 @9.00; nferior roughs, down to. $7.00 and inder; heavywelght hogs, |$9.d6@ 10.20; medium, $9.85@1 light, 39.10@10.25; Ught lights, $5.50@ 10.05; spacking,- hogs, smooth, $4.00 @9,10; paching hogs, rotgh, $3.00 @8,60; slaughte® pigs, $8.00@9.40. Cuttle—Receipts, 6,000; fod year- Inge, ‘handy’ weight- and’ practiewily all grades .she stock moying at strong prices; fat cows and heifers, strong to Se higher; spots mor welghty steers very draggy at week's extreme ‘decline; no reliable mutlet; Killing quality plain; fairly sood shipping demand; best year tings, $10.65; part-*loaa weighty steers, $10.50; bulk weighty fat wullocks, $8.50@9.60; bulls and vea) oa fully pteady; stockers .and eders in narrow’ demand; bulk SXers to packers, $13@13.50; ou ders paying upward to $14.00. hasp—Receipts, 12,000; active} fat e lamb, strong to higher sorts ght; bulk better grades, $14,00 @14.15; packer top, $14.25; west stecdy to strong, bulk, $14.00@14 weak to 25c, lower; odd lots 0 Omaha Quotations. OMAHA, Aug. 22..—(U. S. Depart- ment of Agriculture).—Hogs—Re- eipts, 11,000; slow; better grades but- 10 to 1$¢ lower; others and vacking grades mostly 15 to 25e: offid bulk 210 to $00-pound butchers, $9.35 @9.60; top, $9.65; desirable 160 to 210, pound weights, $9.10@9.36; packing’ bulk of all sales, o- cost~Thuraday, $9.08; weight, Cattle—Receipts, 1,600; fed -steers and yearlings, generally~ slow ~.to steady; top medium weight, steers, $10:75; Bulk, $8,:25@10.00; she stock, slow; steady to’ weak; bulls | and veals, steady; stockers and feeder: nominally steady; bulk grass cows and heifers, 3.256@5.00; bologna bulls, $3,.25@4.0 choice Ught | veala scarce; few heavies, $5.00@7.75. Sheep—Receipts, 16,000. All'clisses genéral steady; ‘native .fat © lambs, $13,00@13.50; fat range lamb @ 13.75; fod <clipped “lambs, | ter grades, early sales range «feeding $12.25@12.50; full mouthed bt ewes, upward to-$6.50. fat: ewes, Denver Prices. Col A 22.0 of Agriculture.)—Hogw 300; mostly ~eteary*t pound welghts, $9.80/ several Joads 250 to 270 pound butchers, $9.70 to $0 plainer kind, $8.40 to. $9.60; garbage hogs light Ughts, $8.50; pack; steady, mostly $7.80; pigs) Steady; fat kind, $7.75; few stockers, 7.00; one load 155 pound mixed thin sows and stock pigs, $7.00. Cattle—Receipts, 50; steady; two loads fed yearlings, $9.00; odd cows...$4.75 to $5 medium bologna bulls, $3.25; heifers held steady Wit"$9.25 good heifers, §7.85% vealers Thursday, up to $8. f Sheep—Receipts, 3,600; run mostly range lambg;. four—-loeds, go: pound) Utah “fat lambs, “$1 &tendy; no other sales; Inte Thura: day, ; heavy breeder ewes aver aging 110 pounds; $6.50; 7 —— DE Department —Roceipts, weak; top Many savages paint ther skinzas protection against the cold. ‘7-8: Pumping. STOCK TRADING [3 IRREGULAR Fluctuations Mark Day's * Sales On New York Exchange NEW YORK, reaction in 5 ed that the recent sharp reduction in the’ short ingerest had left the market In a weakened technical con- dition. Sporadic rallies were staged in issues controlled by pogls, but the} acted only as a temporary check to the ‘downward trend. Sales ap- nated 1,050,000 shares. NEW YORK, Aug. 22.--Stiffer time money rates brought about further profit taking in today’s stock mar giving opening price irreg apearance. — Inter national Telephone advanced one point and United States Cast Iron Pipe one quarter, each to new high of the year. Pan-American pped une point and a number oils and rails yielded frac an temporary sinking spell took place soon after the opening when Heavy offerings of Interborough sapid Transit and Colorado Fuel forved those stocks down 2% and 2 points,, respective while Allied Chemical, Gr Western Sugar, Missouri Pacific preferred and Americen Can each dropped a point. The list then turned upward when a brisk demand developed for the public utilities, American Water Works soaring wix points to a record high at 120. International Tele- phoue extended its gain to three points) and West Penn Power, Ainerican Foreign Power issues, nio Fuel, Nash Motors, Baldwin, General Electric, United States Cast Iron Pipo, Allis Chalmers” and Nickel Plate’ rising one to two points. . Voreign exchanges eased slightly &t the opening. Further “irregularity “developed with heavy realizing sales impeding the advance in several industrials and rails. The buying power for the public util{ties, was soon spent and the general list drifted down. ward..Fresh weakness cropped out in Colorado Fuel and Interborough, which'bréke 4 and 8% points respec- tively. Chenilcal issues also turned heavy with Allied and American Agricultur: al. Chemical preferred each losing 114 points. United States steel common fell back to 109%. Shippings and metals lost ground but bullish demon- strhtions continued in ‘the food and motor shares, Nash Motors touching 1 Fecord top at~12 Call money opened at 2 per cent, Selling orders poured into the mar- ket fot an interval after mid-day, driving down most of the important railroads and industrials 1 to 2 points, with Pan-American B break: ing and Tidewater Oil 3%. A subsequent squeeze of the short in- rest in Atlantic Refining, which ran up 5% to 924%, and a rise In Unite eas s Cast-Iron Pipe and Ameri- can’ Can to $1.07% and $1.37%, re- pectively, caused the market to snap ek ins American Tobacco Motors A also developed pronounced strength. The closing was heavy. Active selling Was resumed in the final hotr When Jersey ‘Central broke 10 points, terfded its gain to 6 points. ——__.—____. mn Market Gossip + Marine O11 Operations. Operations of the Marine’Oll com- Dany in the Salt shown ay follows tion » §-39-78—Wolverine led rods, changed cups, put back same and started to pump. Wolver- ine D&l: Pulled tubing and rigging up to bail hole. Section 20-80-78—Taylor 1: ing rods. Taylor b: Taylor’ 6 and Creek field are Pull- Running rod: : Swabbing and clea: ing out, Taylor 8: Drilling at depth of 1,210 feet, 4,150-1,210 fect shale, washing boiler. Section «/16+39-78—Glenrock 1: Pulled*rods, changed cups, put back same and started-to pump. Glen- rock 4: Run rods and started to pump. Mosher | 1-3; “Pumping. Moshef 4: “Drilling! at depth of 2,220 , 2)125-2)220 feet bloo shale tion #1-39978-—Mawine 1-3: Pul changed cups, put back sa and started. to pump. Marine Repairing gas engine, run. rods and | Started tO pump. Marine 7 Aban: Soned, location made for Marin 8. Marine 8: Rigging up Section. 18-40-78 —Wyokans 1: Para- fined up. _Wyokans 2-4: Cleaning out and swabbing. Wyokans 3: Set- ting gas engine. Wyokans 5: Depth 935 feet, §60-935. feet shale. Section, 22:40-79—Wyokans 1-2-8: Ali wells on, section pumping. * Bection 28-40-79—Wyokans 2-3-4 Wyokans 11: Taking down tools, setting pump jack. Pilot. “Section 21-3-1—-Antone Enos ‘Drilling at depth of 1,150 feet. as Firestone District Agency Men Here O..E. Hoerger, district manager of the, Firestone Tire and Rubber Co., of Denver, and W. AW. Wright, truck tire division of the same company are inf the'clty-on bus'ness, stopping at the Townsénd. ‘ ———— Holfia inillion-burrein.a day is the axyerago, production of the Oklahoma oll field. Nash Motors, however, ex-| Cki:) PAGE NINE. Livestock :: All Markets GRAIN PhIcEs LOSE GROUND Heavy Selling In Wheat De- velops on Early Bulge In Prices CHICAGO, AI 22.—Corn met Cr? -| with a rush of selling and under- went a decided new setback in price teday during the early dealin; Warm weather was the principal bearish factor. Owing to the higher temperatures, crop reports were of = considerably more hopeful tenor than has been the rule of late. Opening prices, which varied from unchanged figures to a drop of 2 cents, with December $1.10% to $1,11, were followed by a good rally, but then by downturna all around to well below the initial range. At today's bottom level, corn was 9%c to 11%e under Monday's top prices. None of the rallies which were witnessed proved to be of a lasting character. The close was nervous at 1%0 to 3%c net decline, December $1.08%5 to $1,085 Wheat weakened as a result of sympathy with corn. At first, how: ever, export buying gave wheat a temporary brisk upturn. After open- ing at %c off to Mc up, September 31.26% to $1.26% and December $1.81%4 to $1.31%, the wheat market showed material gains and then a fractional general loss, Subsequently bulges in pelle tea to free selling and to subs fresh downturns, The close waa un- settled, “Mc to 1%e net lower, Sep- tember $1,25% to $1.25% and De comber $1.30% to $1.30%. Oats as well as wheat were gov erned largely by corn. Starting at % to 1%e decline, December 54% to 54%c, oats rallied to a mipierats extent but soon receded in nounced manner. Provisions were responsive corn weakness, notwithstanding hog values were firm. to hat Open High Low Clore Wheat— Sept. Dec. May Corn— Sept. -. De May 1.26% 1.27% 1.25% 1.31% 1.32% 1.30% 1.37% 1.38% 1.36% 116 117) «114% -—- 1.10% 1.11% 1.08% eons 1.11% 111% 1.09% 1.25% 1.30% 1.36% 1.14% 1.08% 1.09% 52 55M 59 49%. 53 53 56% 50K 13.30 13.56 13.80 13.45 13.30 18,55 13,30 18.45 May 7% Sept. Oct. =, Ribs— Sept - Qat. -.1- Bellies— Sept. Oct, 11.85 11,85 11.80 11.80 11.85 13.00 13.15 Cash Grains and Provisions. CHICAGO, Aug. 22.—Wheat, num- ber 2, red, $1.81% @1.82%jnumber 2, hard, $1.27@1,28; corn number 2, mixed, $1.17@1,18; number 2 yellow, $1.18@1.20; cats number 2, white, 1% @52%c; number 3 white, 49%@ @ %c; rye, number 2, 91% @91%c; ; 81@90c; timothy seed, $6.75@ 5; clover seed, $11.50@21.60. Lard, $13.60; ribs, $12.12; bellies, $13.26. Foreign Exchange NEW YORK, Aug. 22,—Foteign ex- changes, easy; quotations in cents: Great Britain, demand, 449%; cables, ee 60-da: 440%; France, demand, 5.38%; cables, 5.39; Italy, demand, 4.42; cables, 4.42%; Belginm, demand; 4.98%; cabl Germany, demand, per trillion, Holland, mand, 13.85; Sweden, demand, 2: Denmark, demand, 6. land, demand, 18.7 18.36; Greece, demand, 1.76; Poland, demand, 19%; Czecho Slovakia, de- mand, 3.00; Jugo Slavia, demand, 1.24%; Austria, demand, .0014%; Ru- mania, demand, .46%; Argentina, de- mand, 34,00; Brazil, demand, 10.12; Tokio, demand, 41%; Montreal, 99 METALS NEW YORK, Aug. 22.—Copper, dull; electrolytic spot and futures, 13% @13%; tin, easy; spot and fu- tures, 62.75. Iron—Steady and unchanged; firm; spot, $8.00@8,37; East St. Louts, spot, $6.26@6.30. Antimon: ae lead, zine, steady; | LIBERTY BONDS NEW YORK, Aug. 22.—Liberty bonds close 3%s, $100.26; second 48, 101.10; first 4%s, $102; second, 4%e, $101.13; third 4%s, $101.31; fourth 4%s, $102.2; U,. 8. govern: ment, 448, $104.30, SUGAR NEW YORK, Aug. 22.—The re- fined sugar market was unchanged 00 for fine granulated. ned futures were nominal, Sugar futures closed irregular; ap- proximate sales, 74,000 tons. Sep- tember, $3.7: December, $3.76; January, $3.54; March, $3.34, a COTTON ‘EW YORK, Aug. 22.—Cotton spot, quiet; middling, $27.80, “|waid the first y BUYING BY DEALERS HOLDING WOOL FIRM Prices Harden During Week Despite Lack of Demand From Manufacturers; Foreign Market Trend Still Upward. 22.—The n will say tomor- BOSTON, Mass.,—Aug. eet Bull rw hile been hardly so keen past week, the dealers have shown & disposition to acquire wool and some of them have been heavy buy- ers so that the market has been tive and the disposition of values is to harden. “The opening of lght welght goods by the American Woolen Com- pany, always an event of first im- portance, seems to have beon fairly well discounted all through the trade and is generally conceded to have been well concelved as a move to wards stabilization, with prices so low that they are bound to induce good business in goods. “Foreign markets are very strong and the tendency abroad is upward, both in Merinos and Cross breds, which has advanced about ten per cent from the closing rates of the last London sales. “Mohair moves steady rates, ho Bulletin will publish the fol- lowing wool quotations tomorrow. the manufacturers have buyers this moderately at Domestic—Ohlo and Pennsytvania fleece Delaine unwashed 55@ 5640; half blood coming 54@55c; % blood combing 530. Michigan and New York fleeces: Delaine unwashed 62@530; half blood unwashed 52@53c; % blood unwashed 51@520; % blood. unwashed 49@50c; Wisconsin, Missour! and Average New England; half blood 48@50c; % blood 48@490; % blood 47@48c. Scoured basis—Texas, fine twelve months selected $1.35$1.40; fine 8 months $1,20@$1.25. California northern $1,.80@$1.33; middle county $1.23@$1.28; Southern Eastern number 1 staple fine and FM combing n clothing $1.18@ number 1, $1.20@ Territory, Montana and@_ similar; fine staples choice $1.85 @ $1.40; half blood combing $1.20@$1.25; % blood combing $1.05@$1.12; 4 blood combing 88@93c, Pulled: Delaino $1.40@$1.42; AA $1.35@$1.40; supera _$1.20@$1.25. Mohair. best combing 75@800; best carding 65@70c. AMERICAN WORLD FLIERG REACH GREENLAND; ITALIAN IS MISSING (Continued from Page One) if the weather was perfect they might be able to mako lvigtut on the west coast of Greenland, They esti- mated that. they would take about 10 hours for the Fredericksdall hop !f the weather conditions were perfect except for the last 150 miles. The planes were not seen by tho cruiser Raleigh, stationed near Fredericks: dal because of the dense fog near the coast. AMERICAN FLIERS BELIEVED SAFE. WASHINGTON, Aug. —Lack of official confirmation of the safety of the American around the world filers’ in Greenland after their 825 mile hop from Iceland gave lttle concern early today to army and navy officials. Communication of- fices of both services watched all night for a direct message from_the aviators but none had been received at 6 a. m. Accepting as accurate the press dispatches from Halifax last night telling of receipt of a radio report of the filers’ arrival in Greenland, cffictals pointed out that almost all direct communication from them since they approached the Arctic circle had been considerably delayed. Army and nayal officials are some what puzzled over the different times of arrival designated in news dispatches but they estimated today that the flight probably required about thirteen hours as against the expectations of the aviators that it could be made in twelve. The departure from Iceland yes- terday was at 8:15 a. m., Greenwich mean time which {s 7:15 a, m., Ice- land ‘local time, 6:15 a. m., Green- land time and 8:15 a..m., eastern ndard time. ; A Halifax despatch last night fixed the time of arrival in Green- land at 8:10 p. m., without designat- ing the time zone on which . the calculation was made, and a despatch from Reykjavil, Iceland, ane had arrived at failed to desig computation basis: The only explanation that can be seen here is that the Halifax despatch was based on information coming.via Iceland and used Iceland local time, while the Reykjuyik dis patch used Greenland local time. That would reconcile the ap discrepancy and would time of arrival 9:10 mean time,’ 8:10 p. m. I time, 6:10 Greenland local tirr 4:10 p.m. eastern standard time. 6:10 p, nate m., but the time SHIPS PASSED ON SCHEDULE. RBYJAVIK, Iveland By The Associated Ambetican around tho winging thelr way noon and evening from Ice'and to r¢gderiksdal, where they ed the United State mond and the destre lingsley and Ba on schedule time, according to a message from the Barry. Aug Pre The rtd Weather conditions in the early stages of the flight were favorable with good visibility. and a helping wind, but aa the airmen neared Cape Farewell at the southern up of Greenland they had to cut thelr way through a mist and a drizzling rain. In the mist they apparently mias- ed the United States cruiser Raleigh which was stationed off the Cape and which reported that she had not sighted the filers. Previously the Billingsley and Barr them passing each ship on 5 uled time and flying low £0 an to receive the benefit of the cushioning effect of the water, ond, had Reid CONGRATULATIONS WIRED AVIATORS. VANCOUVER, B. C., Aug. 22.— Major A. Stuart MacLaren, leader of an unsuccessful British attempt to fly around the earth, last might sent @® message of congratulations to Ifeutenant Lowell H. smith, commander of the United States army globe encircling expedition, and his companions, et Greenland he succesful hop from Iceland t Greenland yesterday. BELLINGHAM, Y h., Aug. 22 Major Frederick L. Martin, com- mander of the United States army around the world aerial armada be- fore his flag plane Seattle crashed into a mountain in the Alaska, pen+ insula, 100 miles from Chignik, put- ting him out of the flight, declared that the flight today of the Ameri- can aviators from Iceland to Green- land was “wonderful” when inform: e1 by The Asyoclated Press, of tho Progress of the filers. ‘I am glad to hear that thelr troubles with the ice floes are nearly over,” said Ma- Jor Martin. EARLY RESUMPTION OF FLIGHT PLANNED. ON BOARD U. 8. 8S. LAWRENCE, INDIAN HARHOR, Labrador, Au: 21.—(By The A: joclated Press, De- layed.)—Wireless advices received aboard the Lawrence this evening indicated the American army world filers planned to continue on from Frederiksdal to Ivigtut on the west coast of Greenland tomorrow (Fri day), From Ivigtut, it was stated, the aviators expected to hop off Sunday for Indian Harbor. Ideutenants Smith and Nelson, according to the message arrived at Frederiksdal late in the after- noon in a dangerous fog. No Jin- formation had been recetved here of Lieutenant Locatell!, the Italian aviator who flew from Reykjavik with the Americans in his own plane. The Danish steamship Islands Falk reported hearing @ plane flying north of Frederikedal. WASHINGTON, Aug. first word to be «received navy from any 22,—The by the of ifs ships along the route of the world fitght’in tho north Atlantic @ brief messago that came this afternoon from the cruiser Richmond reporting that no ri had been received from the 1 aviator, Lieutenant Locatelli. Tho message referred to a dense and seemed to indleate that thu American filers might have decided to delay for the present thetr next hop across the lower end of Gr land to Ivigtut. Yo news of Locatelll,” said tho dispatch, “Thick fog after leaving the last station ship 217 miles off Cape Farewell. To await better weather,”" The message was dated yester and reached the navy departme via’ London. RADIO RAMBLINGS @y United Prews) The summer, rich in broadcasts of the Philharmonic Orchestra, Cincin- nat! Municipal Opera, Goldman Band and Marine Band, was made more pleasant for music lovers by tho broadcasting of the Fairmount Park mphony Orchestra concerts dur- August by Station WFI, Phila- delphia. This excellent orchestra, composed of Philadelphia Orchestra mentbers, was directed by Richard Hageman, noted conductor. WFI broadcasted thr concerts wee WSAT, Cincinnat!, expects to have Installed and ready for operation about November 1, the first of the new Western Electric super-power transmitters. WJAX, Cleveland, has discontin- ued {ts 9 to 9:15 a. m. period, due to the fact that {t ts difficult to secure financiul news of lany importance at such an early hour,