Casper Daily Tribune Newspaper, September 3, 1924, Page 7

WEDNESDAY, SEPTEMBER 3, 1924. Oil Finance Bacon to Be Dear Meat For Remainder of Year By Jd. C. ROYLE. (Coprrian'. 1924, Casper Tribune) NEW YORK, Sept. 3.—Americans who are instructed to “bring home the bacon” during the remainder of this year probably will have to dig deeper into their pockets for it than they did last fall. Hog prices are up sharply and this is taken as in- ‘dicating that the record-breaking re- céipts of 1923 and the first half of 1934 are at an-end. Shipments. to market from now until new year's are expected to be much Ughter thay in 1928, . Tt was inevitable that ‘the: four record-breaking crops from 1920 to 1928, inclusive, would «be reflected {nm an enormous: increase in the out- put of pork since hogs furnished ‘the most profitable method for mar- keting corn. It has become evident, , that hog production has caught and passed corn production and the raising of hogs is on the This became apparent with the pig crop of last fall, which = about 7 per cent under that of the preceding year. The report of the Rural Mail Carrier survey show- reotipts of rough rice evidently has influenced buyers to hold off in the hope of lower prices but owners are very firm in their views with pro- lific’ bringing 6% to 6c a pound; fancy ediths and honduras 6% @7Ko and Lady Wright 6% to 7c. and Carolinas Potatoes. MADISON, Wis.—The weeete pene crop fn Wisconsin is generally with a yield of 28,125,000 pe estimated. This is two million Bu- shels more than produced last year, Rubber. AKRON.—Tire production here continues steady with an outturn of 85,000 tires a day. WHITINSVILLE, Mass.— Th e XWhitinsville Machine Works will remain closed next week, owing to slow business. About 2,000 workers are Foe teg oil SAN PEA TRN ES petroleum institute reports Poe were started in Calif ed ‘om Januawy 1 to <Augu 31, as compared with 960 eich the same period last year. Abandon- ments have been 161 compared with iil a. year ago. Soft Drink Equipment. CLEVELAND.—Bishop and Bab- cock, makers of soda fountains, has made a gradual increase in earnings and the showing is regarded ae creditable for this year. Leather. PHILADELPHIA. — Leather manufacturers who have been work- ing at about 25 per cent of capacity report an increase of orders and are preparing to speed up produc- tion. Cotton, HOUSTON.—Texas ports so les of cotton for export. this wenson have necelved 140,000 tage. Prices are_unch season have received 145/000! ae Rice. compared with 230,000 on the cor- ~NEW ORLEANS, La—Increased|responding date of 1923. The late ed the spring pig cfop fell off about 20 per cent. Since marketings for any year are limited chiefly by the size of the pig crops of the preceding spring and fall, the outlook for the next] 12 months points to much smaller receipts at markets than have been shipped in the last 12 months. Some experts fix this decrease as 20 per cent. ‘With the corn crop showing a de- crease and the pig crop lower, the Proportion of corn to hogs in the next annual period seemingly would be about the same as last year, were it not for the amount of soft corn prices are forecast for pork by meat experts, but they are not so certain, they say, that this will result in a higher gross income from the sale of hogs. ness of the crop caused the decline. Steel. LORAIN, O.—Although there are 100 lake freighters now idle, the Pioneer Steamship company has placed an order for a six hundred footer with the American Ship building company for April delivery. The vessel which will require 500 tons of steel will be bullt here. Textiles, the United Textile Workers of America are here endeavoring to unionize the workers at the Man- ville’ Jenckes plant. the Globe Mills, WATERVILE, Mont.—The Lock- wood cotton mills, employing 900 hands, will September 16, ton. remain’ closed until owing to lack of cot ‘Wool. DALLAS.—The 1924 fall crop of six months wool in Texas will be about 3,500,000 to 4,000,000 pounds, or approximately the same as last re envier. wool but show an easier trend for mohair, Coal. ST. PAUL—The St. Paul Ge Light company will start the exper!- mental use of lignite coal pulveriz- ing process in its new pleat hére within 10 days. The Great North- ern railroad js making similar ex- periments and success of the trials, it is thought, will insure a large market for Daketa Ugnite among northwestern industries. PITTSBURGH.—Pittsburgh dis. trict coal trade has beén gradually improving in point of tonnage, this being due, dealers believe, to creased operations amon, steol mills. Production tively, to capacity, but is decidedly better, than the June and July aver- Prices are unchanged. BUSINESS BRIEFS . DETROIT. — Industrial _ employ- ment here reached a new low point tor the yoar last week, falling to 194,000, compared with 218,996 a year ago and a high this year of 242,381. ‘-PORTLAND, Ore.—There -{s a svzplus. of labor in all lines of in- dustry, secording to the seasonal ent commission. Much of the, “has been caused by men attracted from other states by the harvest. : Wholesale Sales Large ST. LOUIS—Sales of wi for the fall season have been the largest in years. Visiting retailers say depression has been banished by improvéd agricultural conditions, particularly in the wheat and cotton sectigns. Sales have exceeded the ex- pectations of wholesalers, The Rice Stix Dry Goods company say their salés have been the greatest in the history of the cencern. The Cyrlee Clothing company expects to break all récords. Confidence has been tn- creased. by the prospect of the ope. - tion of the Dawes plan. Declines 15 commodity pricés have halted and inereases _aré spparent in in, cattlé, hogs, cotton goods, wool, rub- ber, sugar and flour. Iron and steel are dul, but there are indications) of improvement. 8T. PAUL—Rallroad officials here forécast the removal or modification of the surtax on Pullman fares by the Interstate Commerce Commis: sion, following a hearing in Washing- ton September 26. A hearing on the matter has just been concluded here. Industries Speding Up CLEVELAND. Moderate im: provemént ia in evidence in various Unes of industry. Reports from road salesmen following the opening of thé spring Une of worsteds by tho Clevéland Worsted Mills, show tex- tiles are in @ better position, The Cleveland mills’ prices are 7% to 10 per cent under those of a year ago, Planta are operating full time for the tifat time in two months. The Hléctrie Coutroller dnd Manu- facturing company plants are at 50 to 60 per cent of capacity with pros- pects of improvement. Northern Ohio steel centers report a quicken- ing of interest from automobile manufacturers, which {is being re- flected in sheet operations. The Trumbull plant {s operating at 80 per cent capacity. ATLANTA—August buliding per- mits have the $2,000,000 mark and the moving of families busec-4 Post office authorities say has bée: heavier than usual, has stimulates sales of furniture and househola goods. Rents have been reduced 10 to 15 per cent.. ~ CHICAGO—Savings deposits in Federal Reserve banks of Iilinols, Indiana, Towa, Michigan and Wis- consin, fell off one and eight ténths per cent during the past month, now totaling $906,083,770. They are still 4.5 per cent over this time a year ago. Ute Petroleum Test Max W. Ball, president of the Ute Petroleum Company, announces that the company’s well drilling on the Bull Creek structuré, in Townships 57-and 58 North, Ratige 62 West, Crook County, Wyorning, has reach- éd a depth of something over 500 nd is expécted to pénetrate ly sand In a few days. The Bull Creek structure Is a perfect closed dome, underlain within 1,400 feet by the Muddy, Dakota, Lakota, Morrison, and Sundanee sands. ————— POTATOES CHICAGO, Sept. 3.+-Pptatoes, trading fair; market weak on Early Ohios, about steady on white stock; receipts, 30 cars; total U. §, ship: ments, 499 care tiga? eae Barly Ohijos, bd toa) sacked Barly ‘onion. @41. 110; a | prt vier Kose siecle 1.25@ 2-40} Missouri sackéd Irish Cobblers, ie -15@1.30; New J: sacked Iris ‘obbiers around §$} 27% 30% 75 48 128 American Sméiting & Refg. American Sugar -.---.---. American Te} and Tel. -...-. American 152 Améfican Woolen -----.---. T1% Ameriéan Zinc, Lead and Sm..8% B Anaconda Copper ----------- 39% Atchison -~..---------------- 104 Atlantic Coast Line ----__-_ 131% Baldwin. 122 62% 45% 21% 147% 18% 47% 40% 86 62 Locomotive —---—.~ Baltimore and Ohjo ---~-~--~ Bethlehem Stee] ------------_ Chicago Chicago, Mil and St. Paul pfa Chicago, R. I. and Pac ~~... Chile Copper ex div. -. Coco Con -~.-----~-+--=---- Colorado Fuel and Iron ~-.-_- Congoleum -.----.------~-. Consolidated Gas -----__ Corn Products new ----—. Cosden Oil ~-.-..-.----. Crucible Stee] ~~. Cuba Cane Sugar pfd. — Davison Chemical Du Pont de Nemours Brie -------+----------------- Int. Mer, Marine pfd. ------- Int. Tel and Tel. Invinoible Otl rd Kelly Springfield Tire ------ Kennecott Copper --~---~—- Loulsvitle and Nashville -. Middle States Ol! -_ Missouri Kan and Tex. -----. Missouri Pacific, pfd. ----~-. National Lead ----.--~<----- New Orleans, Tex and Mex, ~ New York Central -~-------- 1 N. ¥., N, H,, and Hartford .. Norfolk and Western Northern Pacific --. Pacific Oil ------ Republic Iron and Steel ~--_ -Reynolés Lobacco B -----..- Seabeard Air Line ---------- Sears Roebuck Sinclair Con. -. woeewerere Sloss-Sheffield Steel and Iron Southern Pacific --------. Southern Railway --. Southern Railway pfd. ~~. Standard Oil of Cai - Standard Oll of N. J. .-.. Studebaker Corporation -.-.. Texas Co., ex div. -.--.-.--- Texas and Pacific -----~-. ‘Tobacco Products ~.----..--- Transcontinental Oil -.------ Union Pacific --.. United Drug U. 8. Cast Iron Pipe U. 8. Ind. Alcohol ---.._. United States Rubber ~-. United States Steel ~------.. Utah Copper Westinghouse Electric ~~~... Willys Overland ----------.. Woolworth .-------==-------. 111% 14% 18% 60 60% 4? Buckeye ~--.---------- Continental $......---- Prairie Pipe --...---.. Solar Ref. ------------ Sou. Pipe ------------ §. O. Kan, -------.-. O. Ky. ------------- oO. Neb. oO. N. ¥. 0. Ohio ..-------~-- Vacw 8. P. ON -,. 8, O. Ind. - 93 33% 1 235 238 88% 29% 282° 284 64 64% 124 127 56% 67 —_—_—_—S_ CRUDE MARKET Gace es TT ‘4 Osage Grase Creek, heavy Greybu!ll -...----.---. Torchiight ----.---~-~- Big Muddy Male. Craek ---.-----.-------- Sunbutst ---------.--.-.-..— Hamilton Dome --~-~--~-----. 1.30 Ferris rececerenncnenennap 1.65 Byron ... Notches ~ Pilot Butte Landér Butter and Eggs CHICAGO, Sept. 3.-Butter, yn- settled; creamery extras, 370; eiandards, 36%c; ¢xtra firsts, 954@ 36%c; firsts, S4@35e; seconds, 32@ 33c. Begs, highér: receipts, 15,268 Ly sieets firsts, 34@36c; ordinary firsts, 1@ 320. F , 5) $7.79. fhe Casper Daily Cribune Stocks S AND QUOTATIONS B¥ LEASED 1 out SECURITIES Wileen Crammer & Os, Bid Ask 04 05 04 04% -90 92 4 15, 25 27 30 6 lv 1.60 1.15 05 08 10 06 Bessemer = ----------- Big Indian © -.--_- Boston Wyoming --- Buck Creek Burke - —-. — Black Stone Salt Crk. Chappell Columbine < -.------ Central Pipe ---. Consolidated Royalty ~ 1.13 Cow Gulon ~.--.--. -03 Dpmino Eakborn BE. T. Williams .-.---- Mountain & Gulf ---- 1,30 1.35 New York OD ~--..--- 9.00 11.00 Preston OLR O24 Red Bank 6.25 . 47.00 Royalty & Producers - .04% .05 Sunset 09.10 Tom Bell Royalty --. .03% .04 Western Exploration - 3.40 3.60 Western Ot! Fielaz --. 15% -16% Western States 11% .12 WyoKana 20 oer Yo: OM to ake, 08 NEW YORK ‘CURB CLOSING Mountain Producers 17.75 18.00 Glenroek Of] ------. 15 2 Salt Creek Prds. -----.-22.87 Sait Creek Cons, ---. 7,25 New York Oil ~-..-.. 9.00 Ohio Ott 58.50 Prairie Oil Mutual 59.00 210.09 31.00 67.50 LIVESTOCK Chicago Frices. CHICAGO,” Sept: 3.—(U. 8. Der partment of Agriculture.)—I!fogs— Receipts, 29,000; slow, 10¢ to mostly lie lower; ixilling pigs, unchanged; top, $10.20; better 160 to 325 pound averages, largely $9:75@10.15; bulk good and choice 140 to 150 pound kinds, $8.60@9.25; majority packing size, $8,60@9.00; bulk desirable strong welght slaughter pigs, $7.40 @7.75; bulk, 20@10.00; heayy- ‘weights, $9.70@10.10; medium weight $9.80@10.20; lightweight, $9.10@ 10.20; light lights, $7.35@10.00; pack- ing hogs, smooth, $8.70@9.15; pack+ ing hogs, rough, $3.20@8.70; slaugh; ter pigs, $6.50@8.00. Cattle—Receipts, 10,000; trade. ac- tive; most killing classes unevenly higher; beef steers, yearlings and fat she ‘stock largsely728 cents” up; all, interests buying; desirable light yearlings very scarce; best long Leste $11.25; numerous® loads, $10/00@11.00; well finished: bullocks ‘| averaging 1,450 pounds, $10.90; rela. tively few weighty steers here; last week's decline regained; light beef heifers in broad demand; yearling heifers, upward to $10 bulk fit cows, $4.50@6.50; grain fed helfers, largely $8100@9.00; strong weight canners, upward to’ $3.00; vealers, uneven; good to choice kinds, steady. at $13.00@14.00; outsiders paying latter price; medium grade veal Calves and heayy kinds, unevenly lower; run includes few western grass offerings; some to feeder Gealers at $7.00. Sheep—Recetpts, 31,000; dull; -few early sales; fat native lambs, steady at $13.00; sorting light; culls, $9.00 @9.50; bidding weak to 26c lower on westerns; no early sales; sheep, weak to 2bc lower; odd lots fat ewes, $4.00@5:75; feeding lambs, weak to 25c lower; choice 51 pound lambs, $12.75; best ‘held around $13.00. eb., Sept. 3. (U, S. Der 7,500; mostly 25 cents partment of Agriculture)—Hogs— lower; bulk 200 to 300 pound but chers, $9.35@9.50; desirable 150 and 200 pound weights. $9.00@9.36; packing sows, $8.40@8.65; bulk of all sales, $8.50@9.50; rage cost Tuesday, $9.15; weight, Cattle—Receipts—5,300; best steers and yearlings, active, 15@ 2c higher; top .medium weight steers, $11,00; welghty steers ‘aver- aging 1,450 pounds, $11.40, and 1,300 pound weights, $10. bulk steers and yearling: $8.50@10.50; she stock, 10c@25c higher; bologna bulls, strong; veals, steady; stockers and feeders, 15@25c higher; bulk grass cows and heifers, $3.50@5.50; canners and cutters, $2.50@3.40; bologna bulls, B stockers and feeders, top, $8.50, paid for one load fleshy Wyomings. Sheep—Receipts, 28,000; fat lambs fully steady; natives, $ 5 @ 12.50; best clipped lambs, $11.30; fat west- ern range jambs, $12.75@13.00; sheep, steady to wes handy weight ewes, mostly $4.50@4, heavies, downward to $3.50; feed- ers, fairly active, steady; western range feeders, $12.00@12.50; early top, $12.60; feeding ewes, $4.50@ 4.65; two and three-year old breed- ing ewes, $6.00@7.00. DENVER, Sept. 3,—Hogs—Re- early sideay. to strong:spots, higher; late sales weak to 10 cents lower: top, $9.90; good to cholce 190 and 240-pound averages early, $9.75@9.85; late sal plainer grades, $9.60@9 : sows, mostly $8.00; few {at pigs, Cattle—Receipts:. 200; quality, plat few loads medium. to. good heifers, $4.50; ofd small . lots, $5.50@6.00; grass cows, $4.25 down; few bulls, $2.75@3.50; medium vealer, $6.00@. 7.00; no choice ones offered: grass: steers, $6.75; choice 876 pound fed mixed yearlings, $10.00; Yew ” good feeders, $6.50@6.60; load New, Mex- 300; ‘aalven, mostly steady; 00; kUling Grain LOSING GROUND Bear Selling Effective In Closing Hours Sending Quotations Down NEW YORK, Sept. 3.—Stock prices lost ground In today’s stock market after an early display of strength by the sugar, public utility and railroad shares. Temporary abandonment of pool operations en- couraged a resumption of bear sell- ing which was particularly effec- tive in the textile and merchandis- ing issues. Sales approximated 750,- 000 shares. NEW YORK, Sept. 3.—Fluctuat- ing within narrow and irregular mits, stock prices tailed to develor a clearly defined trend at the opsn- ing of today’s stock market. Steel and copper issues were reactionary but advances took place ina num- ber of specialties, including Good- year prefered, which moved up a point. American Agricultural Chemi- cal preferred declined 1 3-4. Buying of gas company shares fea- tured the secondary dealings, with Columbia Gas rising a point and Brooklyn Union Gas 1% to a new 1924 ton price at 73%. United States Cast Iron Pipe was purhed up two points to a new high Jevel at 109%. Dupont and Postum Cereal ruled 1 to 1% points highor, Trading was restricted to some ex- tent, pending further developments in the money situation, following the advance in the call rate yesterday to 3 per cent. MRaflroad shares as n rule were neglected, without Nickel Plate, Frisco and Union Pacific re- corded slight gains.. Several heavy Spots included Public Service of New Jer American Tobacco and Case Threshing Machine preferred, which declined 1 to 14% points. Foréign ges opened steady. Volatile industrial specialties be- came sensitive to selling pressure when the bear element started an- other drive coincident with the open- ing of call money at 2% percent, the highest renewal rate since July 8, Colorado Fuel broke 3% points and Cruicible Steel, American Can, American Woolen, National Lead, Davison Chemical, American Smelt- ing, Genera} Blectric, Stewart War- her, Stromberg Carburetor, Raflway Steel Spring, Woolworth and As- sociated Dry Goods Yielded 1 to 2 points. Accumulation of the sugar issues, which advanced 1 to 3 points, and further buying of DuPont, Inter- national Cement and Several public utility shares later imparted a stea- dler tone to.trading. Buying of the shares embraced in the Van Sweringen railroad consoli- dation, also Norfolk and Western, Missourt, Kansas. and Texas pre- ferred, and Wabash preferred A, which advanced one ot three points failed to sustain the mariMt against the more abundant offerings of other stocks. American Water Works and Electric broke 4%, Jones Brothers Tea 4%, to a new low for the year at 16%, Associated Dry Goods 4, American Woolen 4%, and Woolworth 3 points. The closing was heavy. Selling préssure became more acute in the late trading, American Can, Davison shemical, International Paper and American Agricultural Chemical j preferred being hammered down 2 to 4 points. Norfolk and Western showed independent strength, climb. ing Hearly 3 points to 128%. LIBERTY BONDS NEW YORK, Sept. bonds closed; 314s 10 101.27; second 4%s, 101 102; fourth 4449 101.31; ernment 465. 3. — Liberty first 44s third 44s . S&S. Gov- Ww business sugar at which ranged from fine granulated. were nominal. YORK, Sept Was reported in refined unchanged quotations $6.90 to $7.10 3.—A fair imate gales $23,000 tons; September $3.99; December $3.88; January $3.57; March $3.35. | METALS | NEW YORK, 3, — Copper steady; olytic spot and nearby 13%@1 futures 13%; tin eas spot and futures §5: Iron steady; number 1 northern $20.50@22; number 2 northern $20 @21; number 2 southern $18@18.50. Lead steady; spot $8@8.25. Zinc steady; east St. Louis spot $6.27@6.30; futures $6.30. Antimony spot $10. Sept. NEW YOR easier; Sept. 3.—Ca!l money 2%; call leans against acceptances Time loans firmer; mixedh collateral 60-90 days 3%@3; 4-6 months Prime commer- clal*paper 3 TOO LATE TO CLASSIFY WANTED —Girl to share apartnient; close in. Apply 182 East Seventh iP classes, around stea lambe, $12.00; short deck fat ewes, $4.75; no feeder Iambs or breeder ewes sold early; late Tuesday fow Joada feeder lambs, . $11.00@11.25, few fat street evenings or Sunday. FOR RENT—Close in, modern fur- Refined futures e Sugar futures closed firm; approx- | °® "I kto, PAGE SEVE! Livestock :: All Markets STOCK PRICES WHEAT CLOSING|WILDCAT WELLS OF MIDWEST HOLD FIRST, PLACE IN INTEREST North Casper Creek Flow Shows Small Trace Of Oil Today; Tisdale May Jump Into the Limelight. PROVES STRONG Continued Drouth in Ar- gentine Gives Tone To Grain Prices CHICAGO, Sept. 3.—Continued drought in the Argentine snd re- ports of a large export business brought out aggressive buying of Wheat futures by commission houses and a rally ensued. Tho close was strong at a net gain of 1 to 1% cents, with September $1.24% to $1.24% and December $1.29% to $1.29%. Strength in wheat was extended to the corn pit, causing bulls to be- come more aggressive and prices re- covered quickly. The close was fier with values up 1 to 1%, with December $1.14% to $1.14\. CHICAGO, Sept. 3.—Wheat values here today started down grade ir the early dealings, largely because of reports of more favorable weather of harvesting in Canada where the movement o fthe new crop is al- ready under way and because of the weak undertone in Liverpool where the market suffered a set-back due to the return of good weather in the United Kingdom, Houses with northwestern and southwestern connections were per- sistent sellers at the beginning and there was some buying which was Ing half cent to ic lower, with Sep- largely on resting orders. After open- tember $1.22% and December $1.27 to $1.27%, the market declined a little more, Corn was easier in sympathy with wheat, Starting half cent lower to one cent higher, with December $1.13; the corn market underwent a further setback all around, the September delivery which had start- ed firm, reacting quickly and fol- lowing the other months down- grade. Oats were lower in sympathy with corn and prospects of continued lib- eral movement. After opening at unchanged figures to half cent off, with December 51% to 5l%c values underwent a further decline all around. Provisions were weak in line with grains and lower quotations on hogs. Open High Low Close 1.23% 1.24% 1.21% 1.24% 1.27 61.29% 1.26% 1.29% May --~~ 1.33% 1.55% 1.32% 1.35% Corn— 1.18 1.19% 1.16% 1.13 114% 1.11% 1.13% 1.15% 1.12% 48 51% 56 1.19% 114% 1.15% AT 50% 54% 13.60 13.45 13.50 47% 51% 55% 51% ---- 55% 13.67 13.65 13.67 (a epee, Nov, ~---13.50 Ribs— Sept. Oct. Bellies— Sept. Oct. 12.00 12.07 13.10 13.30 Cash Grains and Provision: —Wheat—No. red, No. 2 hard, $1.24@ 1.25%. Corn—No. 2 mixed, $1.19@1.19%; No. 2 yellow, $1.194%@1.21%. Oats--No.. 2 white, 47% @48%e; No. 3 white, 45% @4 Rye—No. 2, 89%c, Burley—60@ 8ic. Timothy seed—$5.50@7.25. Clover seed—$11.50@21.50. Lard—$18.85. Ribs—$1 2.50. Bellies —$13.37. SILVER NEW YORK, Sept. 3.—Bar silver Mexican dollars 52 Foreign Exchange Sept. 3.—-Foreign Quotations in : Great Britain, demand 447%; cables 447%; 60 day bills on banks, 44% France demand, 5.34%; cables, Italy demand, 4.41; cables, Belgium, demand, 6.0114: cables, 5.02; Germany demand per trillion, 23 Holland, 38.49; way, 13.80; Sweden, 26.57; Denmark, 16.61; Switzerland, 18.81; Spain, 1 Greece, 182; Poland, 19%; Czecho Slovakia, 3.00; Jugo Slavia, 131; Austria, .0014; Rumanta, 51%; Argentina, 35.12; Brazil, 10.00; ‘To- 41.12; Montreal, 100 Profit Shown In Insurance Work of U.S. WASHINGTON, the m easy. Bépt. 3. When division of Mgrine and Sea: ‘s insurance of the Veterans’ bu- réau automatically passed out of ex- istence today, its books showed a net profit of more than $17,000,000, although {t had paid clalms total. ing $29,497,331. The $50,000,000 ap- propriated by congress an oF erating fund remains intact Tho division was created ten years ago, to insure “American Merchant vessels and their cargoes against the hazards of war. In June 1917, the act establishing it was amended to pro- vide insurance of the masters, offi- nished apartments and rooms, also furnished house. 140 BE, Mid- west, cers and crews of American mer- chant vesre's against lose of life and injury from riska gf war. ‘Well No. 1 of the Midwest Refin- ing company on section 36-72 North Casper Creek structure, to- day holds the center of the wildcat- The Sundance series is probabil 250 feet thick and since it will b necessary to drill wet hole, the te: ting stage in Wyoming as it stands |W!!! quite Hikely not be comple' in the top of the Sundance series of sands. Tomorrow oll men may before the latter part of the monty For the next few days the work switch their interest to the Mid-| North Casper will be that of sho’ west’s test well of Tisdale Dome ting off the water flow and no which is now pounding away just} developments can be expected ther above the Tensleep sand at approx- imately 1,950 feet. There is not more than a trace of oil; coming from the well in North Casper Creek. The water flow runs at close to 1,000 barrels with prob- ably not more than a barrel of oil howing. The hole at 2,020 feet is however, barely in the Sundan series. A string of 8%-Inch casing is to be run, the water shut off, and until the hole is again drilling. Watching North Casper Cree closely oll men now give thelr immi diate attention to Tisdale Dom which is a very largo structure 2 miles west of Salt Creek. The Te: sleep sand js to be encountered any moment, according to al! ind cations. Oil showings have been frd quent since the test was started ani the way is pointed to the openin: drilling continued until the series ie | of a new black oll field in Natrog tested. The 8%4-Inch pipe will carried through the Sundance to the top of the Chugwater formation. Ex-| North Casper pectations are that from three to five sands in the Sundance are yet be | county. Below the Telsleep sand in bot Creek and Tisdal structures are also the Amsden any Madison limes. It will be notice to be picked up, all of them holding } from the logs of both test wells tha| promise of being large producers. Should none of the Sundance sands prove commercial producers the 84-inch casing will be set and cemented on the top of the Chug- water and the test will be contin- ued al feet thick. In the past the Tensleop has been found exceptionally pro- ductive in other Wyoming struc- tures and there is certainly every reason to believe that should oil be not earlier found in the upper sands, the Tensleep will mark the produc- present depths are comparativel: very shallow and that to test a lower sands will not occasion drill ing to excessive depths. Midwest well No. 2, section 10 37-85, Notches Dome {ts now flowin; least through the Tensleep | 350 barrels daily with no water. 0 sand which is estimated to be 300 | duction is ming from the Tenslee; sand at 0 feet. This well w: brought in some time ago but dul to collapse of casing, water brok into the hole. There were numerou: rumors that the wel! had gone t water but with the new string & and cemented, the hole reassyrin, ing horizon of North Casper Creek | makes a pure black oi} flow with n structure. water in evidence, Everyman’s Investment By GEORGE T. HUGHES. (Copyright, 1924, by Press Association.) Promition Stocks. A woman wrote me the other day that she was the owner of ten| happens to be. The only way a stockholder ca: Consolidated] realize upon his investment te t sell the stock to someone else at th: market price whatever that pric Sometimes stock shares of a promotion stock bought | sold at a profit, sometimes at @ los a year or 50 ago. As generally hap-| The company has nothing to di pens in such cases the promises of} with it and has no responsibility the stock peddler had never been| the matter whatever. kept No dividends had ever been You have t take the bitter with the sweet an paid and there was no market for|when you buy shares in any ne the stock. She wanted to know if] enterprise of some stock sellin she could not force the company to/agent it is more apt to be bitte: return her money. Now if she had been able to prove than sweet. This matter of a market for stoc! fraud in any part of the transaction |is the rock on which so many peo possibly she could recover provided the company had any assets or the promoter any financial respons! bility. But fraud in such matters is very difficult to prove and generally entirely impossible. Failing this she had no recourse. Simply because a company is unable to do business profit and so annot pa: ny dividends on its stock is no reason for demanding a return of the price the unfortunate storkholders for their holdings. That was of the risk they took, a risk com mon to all stock partnerships even when the enterprise 1s organized in good faith and the stock selling campaign is honestly carried on. Incidentally promotions of this kind are aS scarce as the traditional hen's teeth, SCOUTS NAMED TO REPRESENT CITY AT FAIR Judges Select Boys For Service at Douglas. thorough examina tlon conducted by a committee of judges last night, nine Casper Boy Scouts were selected to represent the Casper council at the Wyoming state fair which will be held at Dow glas September 16 to 19, The boys wil] be divided into teams of three each and will be used special police, ushers, first ald workers, and to hélp in other ways to make the fair more attractive to visitors, Each team represents a district of the Casper councl. District No. 1 is represented by Kelth Bahrenburg eagle scout of Troop 17; James Marshall Troop 2, and Robert Keefe op 17. District No. team LeRoy Hogue, Troop 9; Mer- ton Boyd, Troop 4; and Dale Moore, Troop 18. District No. 3 has Carl Summers, Troop 6; Preston Riley, and Warren Hunter, After alternates might « Troop 18; A Troop a Harry wore chosen to They ex Me Strohmyer, for three years ecutive of Kansas City, and assistant camp. director at Camp Carey this summer, will have charge of preparing the scouts for the work they aré to do He hopes to have them so efficient that they. will carry oft the silver loving cup to be award: 2 has on its; Davis, | les ple wreck their investment craf You cannot even make the profit: which the stock peddler so glibl promises unless you have somebod: to buy the stock of you at a highe price than the one you paid. On of the commonest tricks in trade 0 these gentry is to assure their vig tims that on and after such a dat the price of the stoel will be raise That is very easy for tho man wh has the stock to sell. He can rai the asking price and so can you you happen to haye any but findin, a buyer is another matter. And that problem is up to you. ‘Th company {s under .no legal oblig tion to take back the stock or thi promoter either for that matte unless as was said before fraud cay ye proved. ed the best team from different citio| in the state. Other instructors ar Deputy Commissioners W, 0, Goo win, Edwin Bean, and Tra and Scoutmaster munds Enittle. —————— 26 Cowbowv Hats Taken to Estes By Roe Bartld ecutive, ference for of scout executives nstes park this wee! y dressed in ch spurs and intends to outfit ever: executive in this district with a 10 gallon hat. ME LES MA Tad oh North Dakota Politics In Bad Muddle BISMARCK, N. D., Sept. 3.—Th status of five Republican presiden| tial electors in North Dakota an¢ the question of whether to place state ticket in the field to oppose thi Republicans, nominated by the Non Partisan were subjects oc cupyinis : atiention of politica $ today Although President Coolidge wor North Dakota president ir of hig five Republica: uvowed supporters of llette and Republicar nxlous to get five ‘real’ ors on the ballot. Pri the Republican and Demo state committee met to or sue ler: Sen. leaders Coolsdge marily, cratic ganize, See eel Call the Tribune for highway tn formation.