Casper Daily Tribune Newspaper, September 10, 1924, Page 9

‘tors, motor boats, motorcycles, i i i F ' H i i H WEDNESDAY, SEPTEMBER 10, 1924. Birth R Rate Holds Main Interest for Dairymen By J. C, ROYLE. (Gopyfight, 1924, Casper Tribune) NEW YORK, Sé¢pt. 10.—The only real worry in the minds cf the dairy hen’ of the country today is birth tate. And none of them are exhibit- Ing any new wrinkles over that. The reason of their fredom from ‘worry is that they have finally grasped the truth that high and low costs of production are equally as important fs the high or low prices paid for their products. There ts going to be plenty of milk. At the same time, prices for dairy products can be expected to con- tinue on a profitable basis for some years to come provided expansion of the industry does not proceed more rapidly than the growth of. popula- tion: Gains in production, accord- ing to a survey by the Blue Valley Creamery institute, probably will not be so extensive as In the perlod since 1920. But higher cost of for- age may cut the margin of profits in the next year. The low cost of feed and efforts to diversify agriculture in the grain producing states resulted in'a heavy increase in the last three years. In 1923 Lig =) milk production in this Sountsy fe iowed an increase of 21 over that of 1920 and the ita. production, allowing for in’ population, was 15 per ¢ent higher. Last year, the milk ere. Was sufficient to furnish 2 ‘gallons of milk, 17 pounds of but- ter, 3.9 pounds of cheese, 13,6 pounds of condensed and evaporated milk and, 2.66 gallons of ice cream, for every ingividual inhabitant. The 1924 production, unless all predictions go awry, will be even larger. Even so, the dairy products turned out will not be quite suf- ficient fop the American consumers. Last year America imported milk products. Next year this condition may be replaced by an export bal- ance, A survey by the department Ge agriculture shows that in the mid- of this year there were 24.6 per bath as many one and two-year old heifers on dairy farms in this coun- try as there were dairy cows in milk, This is more than a replace- ment Nadiercliads and as these heif- ers come into production they will tend to increase milk production. On the other ie of the picture, wholesals prices of butter are six cents 2 pound lower than they were &@ year ago and cheese is nearly five cents a pound cheaper. The coun- try-wide average of prices paid to Producers for fluid milk ts about 6 per vent undor that of, September, 1923, At the same time, corn prices are 38 per cent higher than last year, oats are up 30 per cent and bran 18 per cent. These facts may tend to check the advent of new producers into the dairy field, especially since the increase in output has been due not 80 much to more cows, but to lower Production per cow, due to Mberal feding and better care. But the num- ber of milk cows added to dairy herds has not been much greater than the long time average rate of increa: Lower prices will result in closer culling of herds to elimin- ate cows which might produce pro- fitably at higher levef of prices but which would show a loss at present cost of feeds. Production is still large, however, and this has resulted in the accumu. lation of enormous stocks of butter, cheese and condensed milk in sto: age. The important thing is that thes® products held in reserve were Produced at low cost as a result of good pasturage so that net-returns to dairy men eyen at present prices are as large as they would have been at higher price’ ,and present feed costs. Therefore, the public faces the probability’ of securing dairy products at reasonable prices which still will’ yield satisfactory margins of profit to the producers. The immediate outlook for prices is dominated by essential conditions. The seasonal decrease is coming, but cool weather and ample rains have helped keep milk flow going in the middle west. Dry weather in some of the fluid milk districts of the east and ‘far west are offsetting this to som extent. If weather conditions continue favorable, it is probable the usual autumn advance.in dairy pro. ducts will not appear as early as usual and is likely to be less abrupt than last year. : Gasoline Consmption i in July Breaks All Records planes, and other gasoline-driven ve- hicles.in the United States consum- ed more of this liquid fuel in July than in‘ any preyious month in nation’s industrial history, states the department-of the interior in a re- view of statistics compiled by the bureau of mines. The domestic de- mand for gasoline in July amounted to 794,030,852 gallons, representing an Increase of 107,000,000 gallons over the consumption figures for June, in which month a new high record mark had been set. The daily average demand for gasoline in July was 25,613,898 gallons, an increase over the June daily demand of 11.9 per cent. ‘The production of gasoline during July amounted to 741,974,813 gallons, almost 5,000,000 gallons more than in June, and 105,000,000 gallons more than the output for July a year ago. The dally average production of gasoline in July, 1924, amounted to 23,934,671 gallons, representing a de- crease in daily average production from June of 2.6 per cent, but an in- crease of 16.5 per cent over the daily average production in July, 1923. Stocks of gasoline on hand at’ refineries on August 1 are reported by the bureau of mines as 1,466,565! 939 gallons, a decrease from the July 1 figures of 132,299,280 gallons, but an increase of 301,000,000 gallons ‘over the supply on hand Au; 1, 1923. “Imports and exports of gaso- line both fell off during the month, At the July rate of consumption the. nation’s gasoline stocks as of August 1, 1924, rep: nted 67 days supply, compared with 54 days sup- Ply available on August 1, 1923. The decrease in gasoline stocks during July reflected the greatly increased Everyman’s By GEORGE T., HUGHES. (Copyright, 1924, by Consolidated Press Association.) “Taking Profits.” One question that continuously comes to my desk is about ‘taking Profit: The investor has bought a bond or a preferred stock at a lower price than the present market. He asks if he should sell out and reinvest his increased principal e! Generally he is eager to do this very thin Congratulating himself upon his good judgment and foresight he is anxious to convert his paper profit into a real one, Now sometimes it may be that such #@ course is advisable but usually it is a mistake. - If the security in question is a high “grade investment which has advanced in market price any sub- stitute of equal quality will also have advanced and when the in- vestor replaces his holdings with something else he must either take a greater risk or accept the same return he is now receiving. If thd security in question is semi- speculative the fact it has advanced {s not necessarily a sign that ho should sell. It merely proves that the judgment which prompted the Purchase in. the first place was sound. You might, of course, be equally fortunate a second time but that is another question. The problem of shifting about one's investments sholild be ap- proached. regardless of the prices : = fs ictba in gero-} the face of? but Het pro- duction. F, Kerosene production: during July amounted to 194,201,141 gallons, a Gaily average of 6,264,552 gallons. This represents an increase of 2.6 per comt over the dajly average of the previous month, Domestic di mand for kerosene fell off and stocks were increased 7,834,382 gallons dur- ing the month. : The July production of gas and fuel olls was 1,102,785,843 gallon: a dally average of 35,573,787 gallons. This represents a decrease of 3.6 per cent from the dally average of the Previous. month, Stocks on hand August 1 Were 1,603,643,206 gallons, This represents a decrease of 14,: 920,323 gallons from the high water mark of the previous month, The production of lubricants dur- ing July was 87,489,694 gallons, the lowest monthly production since Sep- tember, 1923. This is a dally average bs 2,822,249. gajlons, a decrease of 7 per dent from the daily aver: Ft of the previous month and a decrease of 6.9 per cent from that of a year ago. Stocks on hand show- ed very little change during the month. During the month of Julyithe bu- reau of mines received reports from 254 operating refineries, with an ag- gregate dgily crude oil capacity of 2,225,472 barrel: These refineries ran to stills a daily average of 1,705,711 barrels of both foreign and domestic crude oil, or 77 per cent of théir daily operating capacity, a de- crease of 2 per cent from the re- fnery operations of the previous month and a decrease of 1 per cent from the refinery operations of July 1923. Investment first accumulated. It is very diffi cult to do this but it is absolutely essential if the best results are to be secured. The le applies just § well when mistakes have been made and the qugtation for the bond or stock held has declined instead of advanced. The profit or the loss on the origi- nal investment must be entirely di: regarded in reaching a decision to whether a security should be ré- tained or disposed of, Bear this in mind. The market place where quotations are made and unmade its not interested in whether you have @ profit or a loss. There is only one question for you to answer and that is this, namely, will you better your inyestment position by selling or will You weaken it. Speculators understand this prin- ciple better than investors. The successful speculator, assuming that there are successful speculators, sells a security at a loss when he believes that is the right thing to do or holds on no matter how tempt- ing the profit if he is convinced that conditions warrant it. Apply the same rule to your investments. Do not throw them overboard just be- cause someone else is willing to pay more than they cost you in-the first place and do not hold on to them simply because you cannot get as much as you paid. Real value is the only thing that counts and those who take this into account, will in the Jong rin “be the Closing Prices Allied Chemical & Dye American Can American Car & Foundry American International -..- American Locomotive American Smelting & Ref American. Sugar -----.. American Tel & Tel American Tobacco American “Woolen Anaconda Copper Atchison — sa Aulantic Coast Line ~.-....-. Baldwin Locomotive --..-- Baltimore & Ohio Bethlehem Steel California Petroleunt Canadian Pacific Central Leather Cerro’ de Pasco -. Chandler Motors ---..--... Chesapeake & Ohio ---. Chicago & Northwestern Chicago, Mil & St. Pau! pfd, Chicago. R. I. & Pi Chile Copper Coco Cola - Colorado Fuel & Iron -. Congoleum — ~~... Consolidated Gas ~ Corn Products, new .. Cosden Of Crucible Steel -. Cuba Cane Sugar, pfd -... Davison Chemical Du Pont de Nemours ---.... Erie -_. Famous Players Lasky General Asphalt -.. General Electric ~ General Motors Great Northern, pfd -... Gulf States Steel -. Houston Olt Tiinois Central Internationa] Harvester {nt. Mer, Marine pfd Int. Tel & Tel Invincible Oll - Kelly-Springfield Tire Kennecott Copper Louisville & Nashville -. Mack Truck -. Marland Oll Maxwell Motors Middle States Oil Missouri, Kan. & Tex -~--. Missoug. Pacific, pfd tional Lead ew Orleans, Tex. & Mexico-105 Norfolk & Western Northern Pacific ~. Pacific Ol --,----. Pennsylvania - ~---. Producers & Refiners Pure. Oil ~------------5---- Reading’. ©) vo5-———---2-- on. Republic Tron & Steel --. Renolds Tobacco ‘ B" Seaboard Air Line Sears Roebuck Sinclair Con. -. Sloss-Sheffield. Steel & Tron Soutirern Pacific --. Southern Railway -. Southern Railway pfd -. Standard Oj] of Cal, --... Standard Oil of N. J. ~. Studebaker Corporation. ... Texas Co, -. Texas & Pacific Tobacco Products Transcontinental O! Union Pacific United Drug - U. 8. Cast Iron Pipe S, Ind., Alcohol United States Rubber ~. United States Steel Utah Copper Westinghouse Electric ..—-- Willys-Overland - Woolworth - Stan Angld -..---~------5-2-. Buckeye Continental Cumberland Galena .-. Tilinols Indiana Nat, Tran. -------. N. ¥. Tran. -. Nor. Pipe -------~-. Ohio Oil .—..--.---.. Prairle Ofl Prairie Pipe -. Solar Ret, Sou, Pipe Ss. O. Kan. 8. O. Ky. -------9-=--- §. O. Neb, -.-.---~... 8. O. Nu Y. sceeqeennne 8. O. Ohio ~-----.---.. Vacuum s. P. on 65% 74% 58% 36% 38% 40% 33% 64% 4% 138% 4B 192% 87% 83% 106% 16% 625% we 8% aennee--------- 109 dard Oil Stocks 14% 15% Lance Creek ewe en nneweee-- 1.40 Big Muddy Mule Creek Sunburst - Ferris -. Byron Notches Pilot But Lander METALS NEW YORK, Sept. 10.—Copper, dull; electrolytic spot and futures, 13% @13%; tin, firm; spot and fu- tures, $51.25; iron, steady and un- changed. lead, steady; spot, $8.00; zinc, steady; East St,. Louis spot, $6.17; futures, $8.17@6.20; antimony, 10.87, Che Stocks :: QIL SECURITIES ‘Witsen Cranmer & Ca. Bessemer Big Indian, Boston Wyoming Buck Creek Burke Blackstone Salt Chappell Columbine Central Pipe -. Ccnsolidated Royalty Creek Kinney Coastal -----. Lance Creek Royalty. Maring Mike New York Of Picardy Preston Bed Bank Royalty & Producers - Sunset Tom Bell Royalty tern Exploration — 3.12 Western Oil Fietes --. 15% Western States rf 10% 04 3.87 16% 18% Leos 07 Mountain Producers Glenrock Oil Salt Creek Pras. - Salt Creek Cons --..-. 7.12 New York Oil ...--... Ohio Ol -LIVESTOCK Chicago Prices. CHICAGO, Sept. 10. (U ‘partment of Agriculture). Receipts, 18,000; steady to 5c higher; desirable grades scored advances: slaughter pigs and light -lghts, strong to 25c higher; shipping de mand, fairly active; top, $10.05; bet- 160 to 325-pound aver- 10.00; good and choice 140 to 150:pound averages, largely $9.00@9.50; bulk packing ‘sov >8.50 @8.8! 57.60 and under; majority desirable strong weight killing pigs, $7.75@ 3.25; culls, Ughts down to 6.50; heavy weights, $9.50@9.95; medium welght, 05> ight weig! Nght lights, $7.25: ing hogs, smooth, $! eit er pigs, $6.75@8.50. Cattle—Recelpts, 15,000; fed year- tings and heavy weight steers, fair- ly active; well conditioned weighty steers moving; lower grades dull; tending lower; run includes about 3,000 western grassers; little done, tendency weak to lower; best year- ings, early, $1425; numerous loads, $10.25 to $10.75; top mature steers averaging 1,500 pounds, $11.10 relatively little fed she stock grassy kinds very slow at week's uneven decline; bulls 10 to 15¢ low bolognas above $4.50; bulk, 4.35; grain fed fat bulls, vealers uneven, 25 to_,50c bulk $11.00@12.00; grass calves hard to sell; country demand stockers and feders fairly broad; 600 to 800-pound kind wanted most bulk $5.50@7.00; few meaty feeders up to $7.50 and above. Sheep—Receipts 16,000; fat lambs steady; strong; sorting light; early bulk “natives, $13.75@14.00; few to packers, $14.00; early sales range lambs, $13.76 to $14.10; some held higher; sheep, steady; bulk fat ew $4.50@6.00; feeding lambs, steady with late Tuesday, steady to 25¢ highe® market early sales desirable feeding lambs, $12.75@13.00; breed- ing ewes, $7.00@8.00; feeding ewes, 35.50. OMAHA, Neb., Sept. 10. Receipts 11,000: fairly activ to 10c¢ higher; bulk 190 to 300 pound butchers $9.40 to $9.55; top $9.60; desirable 160 to 190 pound. averages $9.10 to $9.40; packing sows mostly $8.50 to $8.65; bulk ofall sales $8.50 to $9.55; average cost Tuesday $8.84; weight 267. Cattle—Receipts 9,000; fed year- lings and medium weight steers moderately active, steady; weighty steers slow, weak to 25c lower; top 11.00; several loads yearlings and medium weight steers $10.50 to $10.85; welghty steers $10. bulk steers and yearlings $8.75 to $10. other killing classes and stockers and feeders steady, bulk grass cows and heifers $3.25 to $5.50; few grass heifers $5.75 to $6.0 choice fed heiférs $9.75; canners and cutters $3 25 to $8.25; bologna bulls $3.25 to veal tap $10.00; stockers and foods $5.50 to Sheep—Receipt 21,000; fat lambs bulk westerns $13.40 to Mostly $13.00; fea clipped $12.00; sheen 25c to 50c high- er; best fat ewes $6.00; feeders slow; early sales range feeding lambs —11.75 to $13.00; feeding ewes $3.75 to $5.00; breeding ewes nfostly full mouthed $5.25 to $7.25 DENVER, Colo., Sept. 10,—Hogs —Receipts 900; moderately active; mostly steady to strong; top $10.10 for choice 187 pound averages; one choice load lights $10.00; others good to choice 190 to 260 pound averages $9.75 to $9.85; few down to $9.50 packing sows steady; mostly $7.70 fat pigs $7.75; stockers $6.50 to $7.00 Cattle—Recelpts 1,600; calves 1 mostly 15¢ higher; helfers dow $5.00 to $6.00. several loadsa co $4.50 to $4.90; few helfers $4.00 to $4.75; medium to good vealers $7.00 to 8.00. Sheep—Receipts 9,000; run mostly low; early sales 25c higher; few loads $13.00; few loads 60 pound lambs $11.50. > For results try a Tribune Clas- sified Ad Casper Daily Cribune Grain aT OGK PRICES MIXED AGAIN General List Heavy In Trad- ing On New York Exchange NEW YORK, Sept. 10—Stock prices lost ground today in the face of several favorable news develop- ments, including record breaking car loadings and)the first increase in the unfilled orders of the United States Steél corporation since last prices by the St. Paul issues, on unfavorable financing rumors, and the omission of the Union Bag and Paper dividend, provided professional ‘aders:with ammunition for bear at- tacks. Sales approximated 925,000 shares, POE. NEW YORK, Sept. 10.—Confitct- {ng price movements took place at pening of today’s stock market. . Panl common and preferred re- acted 1 and 1% poiuts, ctively, the latter touching a new low at 20% on reports of a readjustment of the capital structure of the road. Good buying was noted in the oil group. Further irregularity developed as wading progressed -in reflection of an extensive readjustment of specu- lativé accounts, Failure of operators on the long side to follow up the adyance resulting from the out- burst of buying inspired by the Maine election results, led to con- siderable profit taking by traders ba had bought stock ‘for a turn. - Paul issues continued weak, the Retobion extending its loss to points, duplicating the year’s and the preferred sagging points to a new bottom price. points in National Loose Wiles Biscuits and Gen- eral Electric were offset by losses of a point or more in United States Alcohol, Coca. Cola, American Woolen and Pressed Steel Car. Utah Securities advanced fractionally to 4 new peak price at 36%. Foreign exchanges opened firm. Although several independent points of strength developed during the session and United States Steel common was well supported around 108, the general list displayed a heavy tone during the morning due to the rather persistent selling of the St. Paul issues. Bear traders syc- ceeded in uncovering several other Weak spots, Hartman corporation being hammered aown 3% points to $1, a new low. American Ice lost 3% polfits and American Can, U. 8. Alcohol, General Blectric, Cuyamel Fruit, Tobacco Products, U. 8. Cast Iroh Pipe, Gulf States Steel and Sears Roebuck were carried down 1 to 2 points. Lackawanna lost 2% points, Call money opened at 2 per cent. Improvement in the general list coincident with the publication of the United States Steel tonnage statement in which the steels, oils ind equipments benefitted most, was it’ brieb duration the entire list dropping again under energetic sell- ing. United States Steel went off from 108% to 106%, while American “an extended its loss to 2%, Dela- ware’ and Lackawanna to Amer n to 4 points, Brothers and Paper Woolen at 61%, were new minimums for the year. The closing was heavy spasmodic short covering falled to halt the downward movement in the late trading, several popular issues sell- KLAN LEADING IN COLORADO (Continued from Page One.) indicated majority of more than 000 votes over Lee Thomas Early, inayor of Shreveport, dccording to unofficial returns today. Returns from approximately 1,000 Precincts out of the state's 1,310, in- cluding the city of New Orleans, complete, gave Ransdell, Thomas Early, 52,056. Mr. today had not conceded defeat. 4 low 2% id and DENVER, C Morrison Shafr and son of the senator, John F. ceded to have been the Democratic candidate for the short term in the United States senate today by his opponent, Ben jamin ©, Hilliard of Denver, who sent “his congratulations Mr Shafroth. MONEY NEW YORK, money, steady; lo,, Sept. th, Denver att late United States froth, was con- nominated as offered at last ns against acceptances, 1%; mixed collateral, 4-6 months cial pape Butter and Eggs CHICAGO, settled; creame SILVER NEW YORK, Sept. 10.—Bar ‘er, 69%; Mexican dollars, 63%. ail PAGE NINE. Livestock :: All Markets vs AND QUOTATIONS BY LEASED WRE———_—————| WHEAT MARKET CLOSING FIRM Heavy Increase In French Import Needs Is Stimu- lant Today CHICAGO, Sept. 10.—Increased buying of wheat on the part of houses with seaboard connections brought about an upturn in wheat prices today after a wavering start. The bearish aspect of the govern- ment crop report acted at first as a depressing influence. It was said later that considerable wheat and rye had been bought for shipment to Europe. The opening which ranged from %c decline to vance, with December $1.2 $1.28 and Mry $1.33%: to $1.84, was followed by a slight general. sag and then by moderate gains all around. Subsequently, prospective doub- ling of French import needs proved to be more than an offset for ram at some places in Aregntina. The close was firm, % to net higher, December, $1.28% to $1.28% and May, $1.84% to $1.34%. Corn developed weakness as a result of disappointment on the part of holders who expected a larger reduction than was shown in the government estimate of yields Absence of indications of any great damage by frost, tended also to send values down. After opening at %eo lower to %c gain, December $1.14 to $1.14%, the whole market underwent a decided set back, Bullish advices concerning the corn crop outlook i= Illinois and Iowa led later to rallys which, how- ever failed to hold well. ‘The close was easy half to 14¢c net lower, De- cember, $1.13%/to $1.13%. Oats were easier, sympathy being with corn, The start was to %c lower, December 51% to 51% and further losses ensued. Firmness of the hog market up- held provisions. Open High Low Close Wheat— Sept. . Dec. a 22% 1.23% 1.22 1.22% 1.27% 1.28% 1.33% 1.35% 1.33* 1.34* 1.19% 1.19% 1.18% 1.19 + 1.13% 1.14% 1.12% 1.14% 1.14% 1.15% 1.13% 1.14 ATM AT 51M 55% 11,37 13.27 13.27 ATH 51% 55% 11,37 13.27 13.27 11.77 11,77 13.02 13.00 13.10 Number 3 number 2 hard, corn, number 2 gixed, $1.20% @ 51.20%; number 2 yellow, $1.21% @ 1.21%; oats, number 2 white, 48% @ ‘9c; number 8 white, 46% @47%c. rye, number 2, ¥, T0@85c timothy seed, $1 00@6.75; clover lard, $13.50; ribs, red, $1.27%; $1.24%4@1.25%; POTATOES CHICAGO, Sept. 10.—Potatoes wading fair; market barely steady; receipts 77 cars; total U. 8. ship- ments 616; Minnesota sacked and bulk early Ohios — $1.15@$1.25; sacked white stock $1.85@$1.45 Wisconsin bulk round whites $1.65; New Jersey sacked Irish cobblers $1.90; Kansas and Missouri sacked Irish Cobbters. $1,30@§$1.45; Idaho sacked rurals partly decayed $1.70 @$1:80. SUGAR NEW YORK, Sept. 10.—No changes were reported in refined sugar, the list ranging from 7.17 to 7.40 for fine granulated. Inquiy continyed good. Refined futures were nominal. Sugar futures closed barely steady; approximate sales 26,000 tons, Sep- tember, $4.20; December, $4.11; Jan- uary, $3.69; March, $3. RAIL BONDS ON DECLINE NEW YORK, Sept. 10, one to four points in St. Paul Rail way bonds, based on unconfirmed rumors that the road would readjust its financial structure and ale down its capital to meet 1925 ma turities, featured today's early bond trading. > NEW ORCHESTRA FOR WASHINGTON DANCES North Washington hall will feat ure a new ce orchestra at their future parties and from the recep. ived at the first ening, sho ~Breaks of rday ev tion to be per’s most musical organizations. Dance Artists is the ni which the new orchestra t 8 and it iv composed of G. D, Rawhouser, Edward Flynn, Helzie Fanek, Ar- thur Lucas, C. D, Baker and Joe Warren. North Washington hall will continue throughout the winter to hold dantes on Tuesday, Thurs- day and Saturday evenings. popular whousers under one of Ca -| would function under Commodity (Copyright, 1924, Casper Tribune.) SHREVEPORT.—The daily aver age oil production in Louisiana and Arkansas last week showed of 3,844 barrels to 1 new wells added 1,380 barrels. discovery of a new gas field Harrison county, Texas, Louisiana line, where the coming from a depth of was a feature of the week. irteen The 50 feet, FORT WORTH.—Texas ol! oper: ators are showing an inclination to increase operations in belief the worst of the depression is over. In the last six working days, 33 drill ing permits were issued by super- visors of the railroad commission at Wichita Falls. Textiles, WILLIAMANTIC, Conn. — The American Thread company’s plant here has been put on a five-day a week schedule. It has been work- ing on a four-day basis. Silks. SEATTLE. — Eighty-five hundred bales of Oriental raw silk brought from Japan on the steamer Presi dent Jefferson are now on the way te New York in three special trains Steamship officlais say this is the largest single cargo of silk ever brought to an American port. It is valued at more than $8,000,000. Glass. MILLVILLE, N. J.—Indications point to an early resumption of work at the glass factories here. Most of the manufacturers are pre- paring to start up September 15. Rubber. KANSAS CITY, Mo—The month has been the best in than five years in this territory, so far as tire. sdles are concerned, according to Jack T. Naulty, representative of the United States Rubber company. ‘Total sales in dollars exceed those of last year although prices now are lower. Ohio. — The last more MOGADORE, new a drop} Trade News Plant of the | comy India Tire anf Rubber will increase the out- from 900 to 1,500 ny is two he larger > in. truck | @ concern Shoes, PHILADELPHIA. — Shoes sold well s pers have been late fall day demand hides has la hava this month and slip- actively bought for tos y the holl- Hig prices for 1 the foundation for an upward movement in leathers and shoes. Canvas tennis shoes of 1925 have been cut 10 to 15 per cent in price. Steel. CLEVELA? O.—Shipments of to Erie ports so far this have totaled 28,796,709 tons, or tons below those for the onding period of last ary for 1925 is expected to on on the higher in el industry nm ore H.—The McKeesport has placed ten in operation. PITTSBUR fin Plate company additional hot mills Th are 382 mills now running, leaving only 12 idle. The plant at present is employing about 3,000 men. Coal. CONNELLSVILLE, Pa.—The | Marion Coke Wor near Cheat- haven has been fired, giving employ- ment to many men who had been out of work for several months, Sixty ovens were put into operation. Fish SAN FRANCISCO.—The Alaska salmon pack this season will be 3% to 40 pe cent under that of last with no holdover supplies on according to the California association, As a result, prices are anticipated, espe- 2 in view of Increased European de mand. BUSINESS BRIEFS — (Copyright 1924, The Casper Tribjine) CHICAGO, Sept. 1 President Frank Carey, of the Chicago board of trade, has announced that trad- ing in cotton futures, which will begin actively within a month, the cotton futures act and that the rules gov- erning trading have been approved by the bureau of economics of the department of agriculture. ‘The market will have the full val of the government,” he ‘and will operate under strict governmental supervision. Instead of conflicting with other exchanges, it will work in close harmony and will have the effect of increasing public interest in cotton and thus developing a more liquid market. SEATTLE, Sept. 10.—Tourist travel to the north Pacific coast this season has established new high recerds to date. Fitty-five thousand persons have registered Ranier National Park, This exceeds the num- ber registered at this time last year by 30,000. LEOPOLD AND LOEB GIVEN LIFE INPRISONFOR BRUTAL KILLING (Continued from Page One.) charges, naming life imprisonment as the punishment for the murder and imprisonment for 99 years on the Kidnaping indictment. This was to meet iegai technicalities. Leopold and Loeb were quickly on their feet when court had been ad Journed. Leopold, by his own mo- mentum and the thrust of his bailiff was, almost through the crowd en- route back to his cell before Loeb had started. Loeb took a few sec- onds to grip Darrow’s arm and pressed his lips in an evident con- trol of emotion. “That finish with this case Darrow, veteran chief the defendants, whose plea on be half of youth overcame the state's insistence on the death penalty. Robert E. Crowe, state's attorney i » formal statement issued imme ately after the session, said: “I still believe that the death penalty {s the only penalty feared by murderers.” He sald the responsibility for the decision restg with the court alone and that he had no desire to eriti- cize it, but that he would continue to do “everything within my power to enforte the law honestly and vigorously without re rad to the status of the criminal After sentence had been nounced, Nathan Leopold, Sr of one of the defendants with head bowed while read his opinion, said that never attempt to obtain the of his son from the peniten: When asked if that was his he replied emphatics surely,” Leopold and Loeb were extremely sober as they were led through the stato’s attorney's office ing thelr sentence, ur “Bridge of Sighs’ erated in the jul ain until sent to spend the connection Clarence 8. counsel for my said fath ho sat the jurist their They with quick sion on telephe tions w CHICAGO, Sept. of conflicting man definite) pold and Loeb 10.—Ip the midst ports, Sheriff Hoff nnounce that Leo: would be taken to Despite Sheriff nouncement, about when for Joliet Hoffman's an- uncertainty continued the boys would start and it appeared that sev- eral hours might elapse before legal paper: essary before thelr de- parture would be executed. CROWE REGARDS DUTY PE DRMED. CHICAGO, 8 sociated 8 ed today: by Rot 8 attorney, on opold and Loeb, follow Vhen tho state's atto! sted the defendants, solv was then a mystery, and thor- of | preparation com- d the defendants to plead guilty, presented a mountain of évidence to the court and made his argu- ment, his duty was fully performed. He 1 no measure responsible for the sion of the court, The re- sponsibility for that decision rests with the judge alone ‘Like all other law-abidding eiti- hen the court pronounces ision, I must be content with use his decision in this case While I do not intend and ha no deair to criticize the de- cision of the court, I still believe j that tr death penalty is the only penalty 1 by murderers, F ot in Cpok as lomg as attorney, I vill rything within my the law honestly, vigc ly, without he criminal.” By The As- statement rt E. Crowe, the sentences what feare ra ers I rem lwa power to ce fear 1 egard to the sta ov of CHICAGO, Sept. 10.- t 2:45 this \fternoon Nathan Leopold, Jr., and Richard Loeb atill were held at the jail and officials used to when they start for nwhile escort t jail pre en land 18 Poland 6 Tugo Slavia Austria Argent alies 00144; 34.87; Montreal Joliet penitentiary within an hour.