Casper Daily Tribune Newspaper, September 12, 1924, Page 9

GOOD IN BIG MARKET Manufacturers’ Reports of Poor Business In Textiles Fail to Depress Trading » With Values Pointing Upward BOSTON, Mass.,. Sept. 12.—The Commercial Bulletin will say tomor- J "Despite the assertions of the manufacturers that business is poor, the demand for wool continues in sufficient volume to cause values to rise more or less steadily from week topweek.. The next. Texas fall wools are being taken at advancing rates, 42% cents having been paid this week, with higher prices asked in some sections of the state. “The following markets are very strong and fully 10 per cent advance predicted for London and Sydney over the July sales. ‘The goods market appears to be slow, especially on worsted lines, while woolens seem to be in fair re- quest. Knit goods are likely to have fair vogue again this season. ‘Mohair is still rather slow but firm at the 50 cents being paid in ‘Texas for fal] hair and 65@70 cents for kid. The Bulletin will publish the fol- lowing wool quotations tomorrow: Domestic—Ohio and Petinsylvania prices, “Delaine unwashed,’ 59@60c; half blood combing, 59 % blood combing, 55@66c; % blood combing, 52@58c. ‘ Michigan and New, York Fleeces.— Delaine unwashed, 6@57c; halt blood unwashed, 56@57c; % blood unwashed, 54@55c; % blood unwash- ed, 52@53c. Wisconsin, Missouri and average New England—Half blood, 51@52c; % blood, 52@53c; % blood, 50@Sic. Scoured Basis: Oregon eastern number 1, stapl $1.35@1,40; fe and fine combing, $1.30@1,25; 1.30; valley, number 1, $1,.25@1.28, Territory-—Montana and similar, fine staple chgice, $1.40@1.43;- halt blood combing, $1.30; % blood comb- ing, $1.10@1. % blood combing, 93@ 95e, Pulled Delaine, $1.40@1.42; AA $1.35@1.40; A super, $1.20@1.25, Mohair—Best combing, 75@80c; best carding, 65@70c, Business and Industrial _ Activity Shows Increase. In Recent Labor Survey “Increased business and industrial jactivity In Wyoming is shown In the current report of the district labor office on employment conditions in ‘Wyoming. The statement follows: General.—Industriai and employ- ment conditions on the whole have » Improved during the past month, es- »~ Pecially in coal mining, railroad ac- » tivities and ofl field developments, Resident labor is.more fully employ- ed with exception of building me- chanics, principally carpenters. ‘While a surplus of migratory (mostly ¢ common) labor ‘exists, the numbers’ have greatly diminished, some. find- . ding employment in seasonal agricul- \tural work and many ' Epthe harvest fields of Montana and 7 other wheat beltistates to the north- Aveast. Otl.developments in the, Salt » Creek fields continue active; one *\ large oll company having increased personnel in it's field operations by “. approximately 300 during the past 60 ,days. Labor for oll field work is plentiful but a large turn-over is evi- denced. Industrial] plants, including oil refineries, continue full time op: erations. Building, while slackened somewhat, is now considered on a nore normal basis. A moderate sur- plus of building mechanics exists. ‘Many of the larger cities and towns . continue construction work on ex- tensive municipal improvements, * principally. street paving. Railroad activities have improved during th Past month, the shops now running + full time, schedule for the first time in several months, Coal mining has’ ‘ployed 4 and 5 days a week. Casper.—The industrial situation of labor, principally of the unskilled class, Haying and general harvesting is affording considerable employment and while there is a moderate surplus of workers avail- migrating to} able for ranch», work,» competent ranch hands are very scarce. In- dustrial plants, including the three large; oll refineries, continue’ steady operations, but a noticeable labor turnover is evidenced. While build- ing continues active and normal, it is about one third as extensive as during 1923 and a surplus of car- penters exists. Housing adequato for the first time in ‘several years. Clerical help, as’ usual exceeds de- mands. Extensive activities in the ol fields nearby, affords employ: ment to much of the transient labor, Cheyenne.—The harvest season ut it’s: peak {s- affording emp! ment: to pr ally all local available sea.) sonal laborers and to many of transients. Transient labor”Ras’ minished.as many ‘have mi, Montana-and other northern’ states to work in the wheat harvest. In- dustrial plants, while comparatively few, continue running at normal ca- pacity, with local. industrial labor ample. Bullding js but moderately actlve and building mechanics are sufficient for demands. Housing considered adequate. Municipal pav- ing work continues with approx!- mately 300 workers engaged. Rail- way activities have increased arid employment at the local railway shops, which has been on a curtailed and part time basis for ‘several months, now on full time. - Rock Springs.—A further improve. ment was made during August, es- pecially evidenced at the coa! mines, which increased operations from four to five days a week, with indications for continued improvement.» ©The supply of miners 1s suffic'ent for im. mediate requirements. The ‘laying )| of gas mains, which affords employ- ment to many workers, will ‘be com- jeted within 30 days. Farm labor available and sufficient to fill de- ‘mands. Building but moderately ac tive, with enough © local building crafsmen available. Commodity Trade News Dry Goods. NEW ORLEANS—Sales of whole- saio dry goods in the last three months have been heavy. Jobbers here have shipped $1,000,000 worth of goods in this period, which equals the best previous record. Sales are improving. ‘ KANSAS CITY—Distribution of ary goods in this territory is im- vroving, Collections are satisfactory. Automobiles LANSING—Automobiles shipped over the Michigan Centra! from here last month showed an increase of 100 per cent over July shipments. Incoming material shipments also showed a heavy gafn. Lansing is now almost back to normal auto out- put and labdr conditions seem as sured for the winter. Electrical Equipment. BOSTON—The New England Te! Phone and Telegraph is pushing its ox! jon program and now {4 spending about $100,000 ‘a day on construction work. Equipment. LITTLE FALLS, Minn. — The Northern Pacific railway will com: plete its system of block - signals from the Twin Cities to. the Pacific coast with the installation of the last signal here September 15. This gives the road 2,890 miles of track equipped with automatic block sig: Shoes. Mass.—The Golden Rule Shoe company, a worker-employer co-operative factory, reports that orders from middle west chain stwres are sufficient to jure ‘work for the next fifty week: oi “HOUSTON—Averngeé daily’ produc- tion of gulf coast and south Texas LYNN, oll fields in the last week was 112, 915 barrels, a decrease of 8.055. Lumber. PHILADELPHIA—The Southern Alberta Lumber and Supply com- Dany has established an office hero and expects to compete actively in the distribution of West Coast Lim? ber products with firms in New York. The first cargo consigned to the firm will arrive September 24 and will amount to about $3,500,000 feet.» Livestock. BARNHARDT, Tex.—Three thou: sand lambs weighing an average of 71 pounds each haye been delivered here for shipment to Kansas feed lots. They/were sold for 10c a pound. ———_— POTATOES CHICAGO, Sept. 12. — Potatoes trading Merally good; market stronger on-early Ohios, about un- changed on ‘other stock; receipts 82 cars; total U. 8, shipments 900; Min- nesota sacked early Ohlos $1.25@1.35; bulk round whites $1.40@1.45: Wis+ consin bulk round whites $1:50@ 1.60; Nebraska sacked “Irish Cob- blers $1.60@1.65; sacked early Ohios $1.45; Kansas and Missouri! sacked Irieh Cobblers $1.30@1.40. Butter and Eggs CHICAGO, Sept. 12.—Butter high- er; creamery extras 37%c; standards 36c; extra firsts 36@37c; firsts 34@ Bc; séconds 32@38c. Egss unchanged; receipts cases. 7,783 For réesulis try a Tribune Clas- sified Ad. New York Stocks : Last thle Aliied Chemical & Dye -....- American Can American Smelting & Refs. American Sugar - Atlantic Coast Line Baldwin Locomotiv Baltifnore and Ohio ~-.-----. Bethlehem Steel od California Petroleum -------- Canadian Pacific ---------+-- Central Leather — Cerro de Pasco ----------. Chandler Motors -. Chesapeake and-Ohio --..--- Chicago & Northwestern --.. Chicago, Mil. and St. Paul pfd Chicago, R. I. and Pac, -.. \Chile Copper Coco Cola Colorado Fuel and Iron Congoleum Consollated Gas Corn Products new Cosden Oil Crucible Steel Cuba Cane Sugar pfd ~. Davison Chemical -----..---- Du Pont de Nemours .---..-- Erie nd Famous Players Lasky General, Asphalt General Electfic ~. General Motors -.. Great Northern pf Gulf States Steel Houston Of - Tiiinols Centra {international Harvester -. Int. Mer, Marine -pfd. -. Int. Tel and Tel. -- tnvincible Ol Kelly Springfield Tire -—-.. Kennecott Copper -.. Louisvilie and Nashville --. Mack Truck Marland Oil - Maxwell Motors A Midd’e States Oll .. Mistourl. Kan and Tex. Missouri Pacific pfd. .---. National Lead ex div, New Orleans, Tex. and Mex. 1064 B ew York Central -. 107 ¥., N. H., and Hartford -. 22% Norfolk and Western Pacific Oil»... Pan American Petroleum B -. Pennsylvania Producers and Refiners “tof fs Sinclair Sloss-Sheffield Steel & I: Southern Pacific Southern Railway --- Southern Railway pfd: Standard Of] ‘of Cal Standard ‘Oil’ of "Ny J, Studebaker Corporation Texas Co. Tobacco Products Transcontinental _OMl S. Cast Iron Pipe -. U. 8. Ind. Aievho!l ~~... Cuited States Rubber -. United States Steel -. Utah Copper --...--. Westinghouse Tiectric Wiive Overland Woolworth ------- Anglo Buckeye Continental Cumberland ou “a 145 58 129 8643 Prarie Oil »-.--.. Prairie Pipe --..~--. Solar Ret. Sou. Pipe 8. O. Kan. 8. O, Ky. 8. O, Nel 8. 0. N. ¥. 9 trong; Grass Creek, heavy ~-.----. Greybu!] -----=-- Jee eneeneenn-ne-~ 1.10 Rock Creek ------------------ Salt Creek -. Big Muddy Mule Creek Sunburst -----2-----------n--= Hamilton Dome Ferris Byron Notches lot Butte Lander ..-- ee eree- nen eenees-= 1.00 wevecee 1.10 70 METALS NEW YORK, Sept. 12. — Copper steady; eltcrolytic rpot and futures 13%. Tin easy; spit and futures $5: Tron steady and: unchanged. Lead steady, spot $8, Zinc firm, East St. Louis spot $6.22; futures $6.25. An- timony spot $10.16, Stocks EWS AND QUOTATIONS BY LEASED Qi SECURTE 6 03% +80 ty +20 -20 +10 07 1,60 20 04 85 a4 pusion Wyoming Buck Creek Burke ---------. Blackstone Salt Creek Chappell Columbine Central Pipe --.. Consolidated Royalty ~ Cow Gulen Domino Elkborn Fergo Frents -------------= &. T. Willlams --.. 6 Gates .....---.------- Jupiter ---... a Kinney Coastal -...-- Lance Creek Royalty. Marine .. ro MIke HOnry ---a-eeqpe Mountain and Gulf -. 1,36 1.30 New York Ol! ----.—. ae arr Red Bank 42.75 43.00 Royalty & Producers - 04 05 Sunset - 08% 091% Tom Bell Royalty ... .03 Weetern Exploration Western Oil Fieves ... Western States ---.-. NEW YORK CURB Mountain Producers Slenrock Oil ..- galt Creek Prds. ~. Salt Creek Cons. - New York Ol] ...--.-. Ohio Ol! ~------~s---- Prairie Oil ---+.-----= 209.00 Mutual 11.00 3. O, Indiana 56.87 LIVESTOCK Chicago Prices. CHICAGO, Sept. 12.—(U. S. De- partment of Agriculture.)—Hogs— Receipts 19,000; strong to 10% higher; Jesirable lightweights show full ad. vance; killing pigs and Hight Nght nostly 10@25c hig! lower grades and weighty butchers slow, light re. eipts and good shipping demand op $10.86; bulk good and choice 120 0 340 pound weight $9.90@10.30; better 140 to 150 pound averages argely $9,50@9.80; packing cows stly $8.70@8.95; bulk strong eight hogs $9.65@10.20; medium 39.80@10.85; Ught $9.00@10.35; light ight $7\75@10,.20; packing hogs smooth $8.75@9.01 packing hogs cough $8.15@8.75;. slaughter pigs 37.25@9.00. Catt, Receipts 4,000; desirable and handyweight fed steers scaret steer run mostly Jower, grade grassy and short fed ind, slow, Weak at’$7.25@9.25; top randy weight steers $11.25; few wes: tern grassers here; little demand for anything {n she stock line except scanners; strong weight fairly active at $2.90@3.00; Mberal supply grass cows and heifers of- value to sell at 34.00@4,50 and $4.75@6.00 _respec- ‘ively; not moving; buils weak, med- jum to ong weight bolognas $4.35 @4.40; few $4.50; plainer kind $3.75 @4.00; vealers uneven; demand nar; row; trade 25c lower; spots more; oulk vealers $11.50 downward; most- ly $11.00 for good to choice kinds; vtrong weight and weighty grass calves neglected at $6.00 down; stockers and feeders fairly active; country demand broader. Sheep—Receipts early sales native steady at erate; culls $9.50@10.00; no action on westerns best held above $14.25; sheep strong to 25c higher; odd lots best ewes $4.75@6.50; talking steady on feeding lambs; bidding $13.00@ 13.10 on choice offerings. Omaha Quotations OMAHA, Neb., Sept. 12.—(U. 8. Department of Agriculture)—Hogs: Receipts 6,500; active 10 and lic higher; bulk 200 to 300 pound butch- ers $9.60@$9.85; top $9.90; desirable 160 to 200 pound weights $9.25@ $9.60; packing sows mostly $8.65@ $9.00; bulk of all sales $8.75@$9.85; average cost Thursday $9. weight 265. Cattle: Receipts 1,100; and yearlings scarce, low, steady; few loads $9.00%%$9. top long yearlings carrying a few heifers $10.85; grass cows slow, weak; other killing classes generally steady; stockera and feeders scarce nomi- nally steady; bulk grass cows and fers $3.25 @$5.60; canners and cut- bologna bulls $3.25 best steers Receipts 12,000; killing teady; closing dull; fat range lambs §13.60@$13.75; natives $13.00 @ $13.4! few add lots ewes $5.25@$5.7 feeders steady to early sales range feeding lambs $12.00@$12.80; breeding ewes upward to $8,00. Denver Prices. b DENVER, Colo., Sept. 12,—Hogs —Recelpts 150; nothing cholce of- fered; around steady; fow drive ing odd packing sows $7.75; few loads fat pigs $7.50; load stock kind $6.75. Cattle—Receipts 200; calves 50; steady; few grass helfers $4.50@5.10; medium fed Thursday stockers and 16@6.15; with outs at loads ‘medium stock helfers $4.00 fretght paid, with ten per cent out at $3.00, Sheep—Recelpts 15,200; lambs sold early; talking early sales sheep 10 to 25c higher, four loads 120 pound fat ewes $5.35; few loads fed lambs unsold early. a mediam fat no Flour. MINNEAPOLIS, Minn., Sept. 12, —Flour, 25@50c higher; family pa- $7.60@7.55; bran, steady>| sper Daily Cridun Grain STOCKS RALLY IN LATE SALES Stiff Resistance to Selling Pressure Is Shown By Oils NEW YORK, Sept. .12—Stock pricés moved irregularly higher in today’s quiet market, heaviness of the of] shares being offset by a good demand for the ratls and industrial specialtics. Rallying tendetcles tow- urd the close were due largely to Week-end short covering. Sales ap- proximated 600,000 shares. NEW YORK, Sept. 12, — Heavy trading in the oll shares featured the irrigular opening of today's stock marist. Southern Pacific and Du Pont each opened \c higher and Postum Cereal advanced to a new 1924 high, but Houston Oil dropped 1 polnt and siight recessions also took piace in scme of the other oils and grangers. The market presented a spotty ap- Norfolk and Western, Federal Min sng and Smelting preferred were off 4et by losses of 1 to 2% points in Jnited Fruit, American Ice, Bald win, General Blectric, Savagd Arms 4nd Utah’ Securities. Pivotal indus rials felded fractionally from their nitial highs, but Mexican Seaboard 41 touched a new top of 24%. Mer. chandising issues ed meder ately, Selling of the oils apparently was based on the American Petro,- sum Institute's report of an increase nm crude production. Foreign ea shanges opened firm. While ‘oil shares were in rather free supply as the result of a shart seduction in gasoline -prices by Standerd Oil of Indiana and rumors @ further crude cuts, the genera ist shook off its early heaviness and was pointing upward around noon Jeneral Baking was m up 4% ‘ool Operations were agin in evi lence, Loose Wiles 3iscult; Davison themical, Wells. Fargo, Moon Mot vrs, Chicago Yellow Cab, Union Bag and Paper, South Pacific, Rock Is- and and Lackawanna moving up one to two points and Kelly Spring feld preferred 3%. A drop of six goints in Nash Motors was associ- ated with the recent Hquidation of waFayette Motors in which the Nash company suffered a heavy oss. Call money renewed at 2 per cent. ‘A better resistance to sclifng pres- sure in ‘thé ofls was manifest in the afternoon, when the low priced rail- Yords and gas:shares began to move forward rapidly. Atchison, Dela- ware and Hudson, Philadelphia and Reading Coal and Iron, Generi @lectric, Famous Players, New Yori Dock, Marine preferred and Ameri can International corporation were also bid for ona rising scale, The closing was steady. Rutland preferred jumped 55% points and General Electric 3 in the final hour with a good demand noted for the St. Paul issues General Asphalt, and Mexican Seaboard oil, ~ ——— Foreign Exchange NEW YORK, Sept, exchanges steady; quotations in Great Britain demand 445 +16; cables 445 7-16; 60. day bilis ot banks 442 7-16. France demand 534; cables 62412, Italy demand 4.3744 cables 4.37% Belgium demand 4.924%; cables 4.99. Germany de. mand per trillion 23%. Holland $8.24; Norway 13.73; Sweden 26.60; Denmark 16.86; Switzerland 18.79; Spain 13.17; Greece 1. Poland 19%: Czecho Slovakia Jugo Slavia 1.32%; Austria > Ru mania 54; Argentina (95.16; Brazil 10,06; Tokio 40%; Montreal 09%. 12.—Foreign MONEY Sept. NEW YORK, 12, — Cal money steady, high 2: low 2; rul- isg rate 2; closing bid 2; offered at 2%; last loan 2; cal! loans against acceptances 1%. Time loans steady: mixed “collateral, 60-90 days 2% @ 3; four six months 3% @3%4; prime commercial papeg 3% @344. LIBERTY BONDS NEW. YORK, Sept. 12,— Liberty bonds clored 3 100. 101.29; second 4%4s, 101 fourth 4%. 102 ernment 4s, 104.28. Dr ilions ec COTTON NEW YORK, Sept. 12. — Cotton spot quiet; middling $23.80. SUGAR NEW YORK, Sept. 12.—Refined sugar was unchanged at $7.25 to $7.50 for fine granulated, Refined futures were nominal. Sugar futures closed steady; te sales 26,000 tons. S ber $4.08 SILVER | YORK, Sept. 1 sil- Mexican dolla: NEW ver. 69% —Bar Baye. x. DULUTH, Minn., Sept. 12.—Close; flax September $2.34%; October at $2.30; Noveml %i Doeember $2.26%; May $2.5 PAGE NINE. Livestock :: All Markets WHEAT HIGHER, CORN DECLINES Good Demand Marks Trad- ing In Wheat on the Chicago Market CHICAGO, Sept. 12.—Lively pur- chasing for seaboard account gave a fresh upturn to the wheat market today during the early dealings. In: dications pointed to further large export business. Besides, rain in Canada has said to be acting as a serious hindrance to threshing and to be causing additional crop dam- age. The opening, which ranged from %c to 1%c higher, with De- cember $1.33 to $1.84 and. May $1.39% to $1.40%, was followed by “light further gains and then by a moderate setback. Subsequently, reports of a decided falling off in the volume of the win- ter wheat movement tended to bring about rallies after declines. The close was firm, \c to 1%c net higher, December, $1,.83% to $1.33% and May, $1.40% to $1,40%. Warmer weather favorable for the growing corn crop tended to ease own the corn market. After open- ng at 4c decline to cye cent gain, December $1.22% to $1.23; corn prices underwent a material drop all around, Later, the corn market was fluenced more or less by wheat strength. The close was unsettled Mic to. 1jac new lower, December, $1.15% to $1.16. Oats sympathized with wheat eather than corn. Starting at half to %e advance, December 53% to j4c, the oats market continued to hold somewhat above yesterday's inish, in- Higher quotations on hogs lifted the provision market, Open High WHEAT— Sept. Dec. May CORN— sept Dec. May ~ oATS— Sept. Dec. - May . LARD— Sept. . = Oct. - - 18.45 RIBS— Sept. - - Oct. ~ 12.10 BELLIES— Sept. - ~ Oct. - - 13.30 Low Close 1.27% 1.33 1.39% 1.29 1.34% 141% % 128% 1.33% 1.40% 1.22% 1.16% 1.18% ADM 53% 58 1.23% 1.17% 1.19 50% 54% 59% 1347 13-55 13.35 13.42 13.25 12.10 12.00 12.00 13.30 13.82 13.30 = 13.32 Cash Gra CHICAGO, ber 2 hard, 1.30% @1.81. Corn, nw ¢ 2, mixed, $1.221%4@ 1.23; number 2, yellow, $1.23@1.24. Oats, number 2, white, 50% @52c; number 3, white, 49@50%c. Rye, number 2, 98 bariey, 68@ 87c: timothy .seed, $5.25@7.00. Clover seed, $11.50@22.50; lard $13.62; ribs, $12.50; bellles, $12.35 DEFENDERS WIN BG VICTORY (Continued from Pago One.) troops at Lungwha, south of here, announced late this afternoon that two battalions (about 1,300 men) of the Kiangsu army had surrendered it a point two miles south of Ihing. The troops surrendering comprised the major portion of the force de- fending the town, it was said. A delegation of the townspeople was said at Lungwha to have waited on the Cheklang commanders, pet itioning him not to use artillery In capturing Thing, and assuring him that the town was only waiting to welcome the Chekiang army. eee PEKING, Sept. 12—(By The As sociated Press.)—Dr. W. W. Yen, former foreign minister, was clected premier of China today, succeeding Sun Pao Chi whose cabinet resigned last July 2. TWO PROMOTIONS IN RESERVE CORPS FALL TO) CAPTAINS — HERE Capt. C, F. Pennington and Capt. EB. F. Mooring of Casper have been notified by the war department of thelr promitions to majors in the reserve corps. First Lieut. P. V. Hendricks has aleg been notified of his promotion to a captaincy. All three officers are in the in- fantry, and in case of war will be assigned to the 416th, the second battalion of which is commanded by Major C. H. Reimerth of Casper. vom aed ide s and Provisions, ept. 12.—Wheat, num- All Moslem wornen in Bosnia aro ysely veiled, but none #0 much as inhabitants of Mostar. Th unfortunate « black from he to the tr Ing their feat peaked hood t pearance of ol em the 1 inqulsitors, For resulta try a Tribune Clae #itied Ad, ae At Deauville two American sisters of stago fame have launched the fashion of gilding thelr stockingless ankles, NEW ORLEANS—The largest real estate deal ever consummated In this city has just been concluded. By tt, all the property owned by the Jesuit College in the heart of the commercial district will be leased for 99 years for $10,000,000. The lessees will erect an office and stores build- ing costing at least $1,500,000. The Jesuit College has got another site on which it will erect school build. Ings costing several millions. SEATTLE—August car loadings BUSINESS BRIEFS of railroads having terminals here exceeded the July figures by 30 per cent but still were less than those of August, 1923, Fe 5T. LOUIS.—Traffic over the Ter- minal railroad here for the last elght months fell off 4 per cent from the corresponding period of last year. BOSTON.—Rents in this city have advanced in the ighborhood of 10 per cent in the last four months. Too Much Stress Laid on Passing of Dividend by American Woolen Firm By J. ©. ROYLE. (Copyright, 1924, Casper Tribune) NEW YORK, Sept. 12.—"Let the buyer beware” has been a basic prin- ciple of both law and business for centuries. Nearly everybody knows the meaning of its Latin equivalent —"Caveat emptor"—but when emp- tors begin to caveat vigorously, some manufacturers are entirely unable to comprehend it. That fact has been emphasized by the recent - com- plaints as to depression in the tex- tile industries. There is no doubt there has been depression in textiles but business men and economists now are debating whether this pres- sure has come from within the indus. try or without. After mature consideration, many merchants and business men have come to the conclusion that, in spite of its effect on the stock market, too much importance was attached to the purely business angle of the passing of the American Woolen company’s common stock dividena. The reason assigned was depression in the industry but it is now belley- ed this was a reflection of unfavor- able conditions of the past rather than an unhealthy outlook for the future. : The heavyweight goods openings last winter undoubtedly failed to attract buyers. It is pointed out, however, that the American Woolen company virtually sets the prices for the trade, In nearly all instances, the other manufacturers wait untll the large company has named its Price and base their own prices ac- cordingly. it is generally understood that American Woolen is amply protected as to supplies of raw wool and that these supplies were bought at a time when the market was decidedly lower than it is at present. Even if the lightweight lines did not at- ract buyers, the company probably would be in a position to profit ex- tensively by marketing the raw wool which it does not convert into cloth. Estimates placo American Wool op- erations at only 40 per cent of ca- pacity but the reliability of these is n some doubt in view of the fact that the government estimates for the entire industry in July showed 71 per cent of entire woolen machin. ery engaged and 54.6 per cent of that making worsted It is true that retailers and job- bers are buying conservatively and that is one thing the manufacturers seem unable to understand, There is not @ man, woman or child among the 110,000,000 inhabitants of the United States who is not using cot-| ton, woolen or sill textiles in some form, The consumption of clothing is one of the most stable things tn ‘ndustry. More clothes are being worn than ever before. These clot! have to be bought sooner or later from the men who make them. They do not have to be bought all at once, however, and that fact seems the basis of many reports of depression in textiles. One woolen manufacturer who has been loud in complaints has con- tracts for more than 1,000,000 pounds of yarn but he has not been given Specifications for it. He knows he will sell it and get his money for it, but he is unhappy because he is not going to get it all in one lump. In spite of the complaints of manu- facturers and dealers in textiles, re- ports continue to pour in of the building of new textile plants and ad- ditions in both the north and the south, This trend is heaviest in the south, especially in the belt where hydroelectric power is ayall Apparently this expansion is ma on the theory that the new planta will give the manufacturers more to complain abou SLAYERSAT. HARDLABOR (Continued from Page One.) murder of Robert Franks in spite of the state's demand for hanging, was right, Clarence Darrow, chief coun- sel for the defense declared here to- day. Mr, Darrow fs at the summer home of Albert H. Loeb, father of Richard. “In five years the; whole country will know that Caverly was right,” said the lawyer. ‘In five years Nas than Leopold will be—well, every« body will know that the insanity part of the defense was the truth. I€ will take a bit longer for Dick Loeb, Perhaps, but it'll come. Perhaps people cannot understand the matter now as I do, but they will come to comprehend soon.” “Look at this place,” he added, re- ferring to the great Loeb estate and the palatial home nd see ifa sane boy could leave it. Its absurd.’ LAST INTERVIEW GIVEN SCRIBES. JOLIET, I'l, Sept. 12.—(By Tho Associated Press.}—Nathan F. Leo- pold, Jr., and Richard Loe) today bid the world good-bye with a smile and started a life time behind prison bars. In what they were told would be their last interview with news- paper men, the yers of young Robert Franks declared they had been told not to talk, said they wero glad thelr contact with reporters was over, and smilingly backed ou of the presenge of members of press. Wearing the blue denim prison Jacket and trousers and with heads closely cropped, the youths present- ed little of the natty appearance af- fected in the Cook county jail, when they were brought before the news- Paper men, Warden Jolin L. Whit- man had informed reporters that the boys’ contact with the outside word has ended now. “Dick, Warden Whitman has just told us this is the last time we will Market Gossip Marine Oil Operations. Operationg of the Marine Ol! com- pany in Salt Creek and at Pilot Butte are shown as follows: Section 16-39-78—Mosher 4, drill- ing at depth 3,535 feet, 10 inch cas- ing bas been pulled. Section 17-89-78—Marine 8, reached depth of 1,005 feet, shut down tempo- rarily on account of insufficient wa. ter. Section 20-39-78—Taylor 8, drilling at depth of 2,445 feet, 10 inch cas ing has been run. Through Wall creek sand at 2,312-2,38 Section 18-40-78 depth of 1,979, Wyokans 6, new lo cation made, Pilot Butte. Section 21-3:1—Antone Enos No. 4, drilling at depth of 570 feet. first Wallace Creek Casing. Test well of the Mutual Of! com: pany being drilled on Wallace Creek structure on leases held by the Con- solidated Royalty corporation, is down 980 feet to which depth casing {s now be!ng run. s Tisdale in Tensleep. At a depth of 1,970 1 of the \ 5 of the company are to go| thr 1 the sand, shut off water| and proceed to the Amsden forma: | tion, should production not be found above it, North Casper Creek. Some difficulty is being experl- enced in casing off water tn the Midwest well on North Caspor Creek structure, ree you,” ventured a reporter, “That's fine,” Loeb responded, “that suits us exactly.” ‘how do you like it and “Have you any farewell message to send outside;” were all met by smiles and negative shakes of the head. Finally in desperation a reporter, addressing Loeb who was doing what talking wagebeing done, said: “Dick, we only have five minutes to talk, can’t you say something?” ‘We are sorry," responded Loeb, “but we have been instructed not to talk. We would be glad if wo could, but we can't, The newspaper men seeing the frultiessn of further effort, gave up their tasks before the alloted five minutes was up, and the boys, still smiling, withdrew from the room where they were ordered smartly by suard to take the outside wali across the yard where only prison- ers walk. They were returned to “solitary.” Tomorrow they will to work. Jackie Coogan Reaches France CHERBOURG Jackie Coogan ture star, held a levee r the newspape when the Leviathan arrived h teday from New York. So marked was the at traction of the yoythtul govie ac tor for the reporters & nuniber of notables on the Leviathan’s pas- senger list were allowed to leave for Parts without being subjected to journalistic pressure, Jackie proudly recounted that he had not been seagick during the voy- age. France diminut Sept. 12 moving vi 1 his own ni