Casper Daily Tribune Newspaper, September 25, 1924, Page 9

THURSDAY, SEPTEMBER 25, 1924. Oil: : Finance :: CRUDE PRODUCTION | Decline of 2,600 Barrels Daily in Pipeline Runs Of Country Shown in Weekly Report of American Petroleum Institute. NEW YORK, Sept. 25.—The daily average gross crude oil production ef the United States decreased 2,600 barrels fortthe week ending Septem- ber 20, totalling 2,033,860, according to the weekly summary of the merican Petroleum Institute. The daily average production east of California was 1,462,050 barrels, a decrease of 1,400. California pro- duction was 612,800 barrels, a de- crease of 1,200. Oklahoma shows a daily average production of 646,500 barrel. de- crease of 1,000; Kansss 85,650 bar- increase of 1,050; north Texas 00 barrels, increase 600; central ‘exas, 180,650 barrels, decrease of 6,600; north Louisiana 64,160 bar- rels, increase of 3,300; Arkansas 154,860 barrels, decrease of 2,900; Guy coast and southwest Texas 133.260 barre!s, increase 6,900; east- ern 108,500 barrels, unchanged; Iron and Steel. CLEVELAND.—Ore consumption now is running about 200 tons a month aboye.the rate of a month ago. There ts more ore on the docks and in storage than a’month ago. Cranberries. BOSTON.— Massachusetts cran- berry growers who raised 137,949 barrels last year, expect a yield of 118,123 this year. The total crop of 1923 was 410,000 barrels and 303,400 is the 1924 estimate. The quality is good. Commodity Rubber. AKRON,—The General Tire com- pany has let a contract for an addl- tion to its local plant to cost $100,000, Automobiles. ST, LOUIS.—Sales of the Moon Motor, Car company for the last six months have been in excess of those for the corresponding period last year, according to a statement. by the company: Glass? PITTSBURGH.—The | ‘ plant of the Interstate Glass com: Wyoming, Montana and Colorado 112,800 barrela, a decrease of 1,65 Daily average imports of petro- leum at principal ports for the week ended September 20, were 264,857 barrels, compared with 167,286 for the previous week. Daily average receipts of California cil at Atlantic and Gulf coast ports for the week ended September 20 were 95,000 barrels, compared with 94,571 for the previous week. Gulf coast crude: oil was reduced 10 cents a barrel and now is being quoted for "A" at $1.25 barrel, grade “B" $1.05. There were no changes in the major districts— Midcontinent crude ofl being quoted at 85 cents to $1.25 a barrel, accord: ing to the gravity of the ofl; Penn- sylvania crude, Bradford district, $2.85 a barrel, all other grades $2.75 and California crude ranging from $1 to $1.40 a barrel, according to the gravity of the oil. ‘Trade News| pany has been placed on prodyction basis after an idleness of nine months, Oyer 300 men reported to their old jobs. Company has boo! filled with orders, officials state. Gas. ST. LOUIS—The Laclede Glass company is now planning the en- largement of its plants from a 36 millon cuble feet a day capacity to 62 million feet, The cost 1s esti- mated at $3,368,000. Corn. JEFFERSON CITY, Mo.,—The condition of the Missouri crop has improved in the last threo weeks and now is 75 per cent of normal, indicating « yield of 187,495,000 bushels. : Plumbers’ Supplies. SEATTLE.—Dealers in wholesale plumbers’ supplies have begun to cut down inventories and wiil close the year with small stocks. The trade has had one of the best years in history but dealers will place ordets for next year cautiously in BUSINESS BRIEFS Broker Expelled NEW YORK, Sept. 25.—George FF! Secor, 2 member of the broker- uge firm of Secor, Reynolds & Co., v expelled from the New York “Stock Exchange today for alleged ir- regularities in connection with trans- actions in the stock of the Southern States Oil Company Cleveland Industries CLEVELAND, Sept. 24.—Com- munity chest leaders here announce that a canvass just completed shows a@ lst of 126,000 employes in 1,100 Cleveland plants as compared with Grain and Stock Opinions From . Brokerage Wire Grain Opintons. STEIN ALSTRIN—Look for fur- ther weakneéfs in corn, which may unsettle the balance of the list. BARTLETT FRAZIER — Wheat has a strong undertone. We favor buying corn on breaks, Oats should work gradually higher, HARRIS. WINTHROP—No run- away market is likely in wheat. We do not favor owing corn at these lovels. HULBURD WARREN AND CGHANDLER—We would take ad- vantage of good breaks to buy wheat. JACKSON BROTHERS—We ad- vise buying wheat on setbacks, Corn aets tired. Stock Opinions. MILLER AND COMPANY—The general price trend is etill upward, with the best opportunities in sea- son issues where dividends are above the course of time money, LIVINGSTON AND COMPANY— We believe no highs will be made, v. S., SL. ALO. BX Hide pfd., Id. and MMO, A. still look higher. Ta'k of an incréase of Western Union ik Ukely to put this st up again. We believe Colorado Fuel will sell higher. PRINCE AND WHITLEY -- Market leaders like Can, BX. and Steel also leading Tobacco stocks ind railroad equipments have every indication cf further strength soon. HORNBLOWER AND WEEKS— We can only repeat our advice to hold stocks, We have noted special Buying in Union Pacific and Lehigh Valley, we believe will be worth fol- lowing. BLOCK MALON continue to buy all # small recessions, J. S. BACHE AND COMPANY— ‘There appears to be an aggressive polley in Houston Oil. It is one of the stocks that did not decline in the ojls and has recently shown slgna of additional accummulation. —We would ad “stocks on 130,000 employed in the same insti. tutions last fall, Conditions continue spotty in various lines. This was reflected by the passing of the divi- dends on Peerless Trucks and Motor stocks and that of the Eaton Axle and Spring Company, the cutting of the dividend on Chandler stock and the taking possession of the assets of the Templar Motor Company by one of the local banks trustee under mortgage for failure to pay iMterest on indebtedness, Other mo- tor companies, however, have been able to maintain dividends and re- cents, or three rides for a quarter. The public utilities commission held that the company had a right to earn enough to make the capital #mvolved in operating the company a profit- able investment. Eight Cent Fares Effective. PHILADELPHIA, Sept, 25.—Phil- adelphia today went on the eight cent street car fare basis, or two rides for fifteen cents, simultaneous- ly wtih publication of the letter of Governor Pinchot to the state pub- ic service approving the rise in fares. The old street car rate was seven cents or four rides for twen- ty-five cents. RUSS TRAIN IS HELD UP BY BANDITS WARSAW, Sept. 25.—Forty arm- ed bandits, with several machine guns yesterday held up a train be- tween Brest and Luniniec, eastern Poland. They cowed the passengers after killing one and wourding two, then blew up a bridge behind the train and started the crewless en- gine toward Luninlec where it stopped out of steam, CATHOLICS IN SESSION WASHINGTON, Sept, 25.— Con- clusive discussion of the various questions brought forward in con- sideration of church activities at the opening sersion was planned for ‘a sessions of the annual meet- ing here of the Catho'le Hierarchy of America. The various divistonal activities of the National Catholic Welfare Council, as’ treated in re- ports submitted at yesterday's sion, formed the chief subject of discussion, with the financing of home and foreign missions, another question to be further considered. The Stocks ee ee Casper Dally Critune NEWS AND QUOTATIONS B¥ LEASED | ae SECURITIES American American American American American American American American American American Anaconda _ Atchison | -.-~---—----------- Atlantic Coast Line --------- Baldwin Locomotive ----.--- Baltimore and Ohio --.--—. Bethlehem Steel ~.------—---- Tobacco -.-------- Woolen .-.-..-. Zine, Lead and Sm. Copper -----.----- Chandler Motors ~------.---- Chesapeake and Ohio -..-...- Chicago and Northwestern -- Chicago, Mil & St. Paul pfd.. Chicago, R. I. and Pac. -...-= Colorado Fuel and Iron ~~ Congoleum -----------. Consolidated Gas -....--.. Corn Products new Cosden Oi! ---~------------— Crucible Steel -..--.--------- Cuba Cane Sugar pfd. -....- Davison Chemical -.--.--. Du Pont de Nemours -. Erie 47% 36% 25% 55% General Asphalt General Electric -— Genera! Motors ------.------ Gréat Northern, pfd. -----.-- Houston, Oj Miinois Sentral ------ International Harvester ex div {nt. Mer. Marine pfd. ------ Int. Tel. and Tel, -. Invincible Oil ----------=—-- Kelly Springfield Tire -.-.--. Louisville and Nashv Mack Truck -... Mar‘and OU Maxwell Motors A ~. Middle States Oj] -.--.. Missourt Kan. and Tex. ..---- Missouri Pacific pfd. -------- National Lead = -- New Orleans, Tex and Mex. New York Central ----------- N.Y. . H., and Hartford -- Nort and Western Nerthern Pacific Pacific Oil Pan American Petroteum B -. Pennsylvania --. Producers and Refiners Pure Oil SinclaizCon: —,4,.----.----— Slosn Sheffield Steel and Iron Southern Pacific ------.---- Southern Railway ----.----- Southern Railway pfd. Standard Oil of Cal. -..-. Standard Of! of N. J. ---. Studebaker Corporation Texas Co. Texas and Pacific ---.. Tobaceo Products -.--. Transcontinental Ot) ------- U. S. Ind. Aleohol ~~ Cnited States Rubber United States Steel -.. Utah Copper Westinghouse Blectric Wittys Overiand -.-..------- Woolworth Anglo Am. Ol! .------- Borne Scrymser -.----- Buckeye Chesebrough Mf Continental Crescent Cumberland Eureka - G Gal. Sig. Gal. Sig. New pfd. Diinois Pipe --. Indiana Pipe National Transit a ww York Transit -... Penn, Mex, Prairie Oil ~. Prairie Pipe Solar Refs So. Pipe So. Penn Oil .-.----.. §. W. Penn Oll --..--. 8. O. Ind. -. 8. O. Kan, §. O. Ken - 8.0. N. Y. 8. 0. Ohio — Swan and Finch -~. Vacuum Washington 8. O. Neb, --.. Lance Creek ipioH Hite is is SS88sns Torchlight Elk Basin .. Rock Creek Salt Creek Big Muddy Mule Creek Sunburst Hamilton Dome Ferris Byron Notches ~.----.. Pilot Butte Lander Cail the Tribrae for highway tn- formation, ae Royalty & Producers -_.04 Bessemer Big Indian Boston Wyoming . Buck Creek Burke ~ Black Stone Salt Creek Chappell Columbine Central Pipe Consolidated Royalty ~1.15 Cow Guich Domino Elkhorn Frantz -.. Fargo E. T. Gates Jupiter a Kinney Coastal . —_.. 16 4 Lance Creek Royalty... .01 Marine 8.00 Mike Henry 0% 1 Mountain & Gulf —___.1.40 Williams Sunset — Tom Bell Royalty — Western Exploration Western States Wyo-Kans ¥. On ¢ NEW YORK CURB CLOSIN Mountain Producers Glenrock Oil -... Salt Creek Prds. Salt Creek Cons. New York Ol ~... OHNO -Oll) nasncnccwnes Prairie Oil .-..... Mutual 8. O, Indiana 08% 04 ~3.00 G. 1 Chicago Prices. CHICAGO, Sept. {U. 8. partment of Agriculture.}—Hogs - Receipts 20,000; slow, steady to 10c lower; other light weight show max imum decline; poor. demand; top at $10.30; bulk desirabie, 160 to 5 pound weight $9.90@10.25; good choice 250 to 350 pound butchers, mostly $9.80@10; better 140 to 150 pound selections $9.50@9.80; bulk backing rows $8.50@8.90; strong weight slaughter pigs largely $3.75 p9; heavy weight hogs $9.60@10.15; @10.30; light $8.90@ light light .$8@10.20; packing packing hog: slaughter pigs Cattle—Receipts 12,000; fed steer trade !ifoless; weak to 15¢ tower; edge*-off)-general yearling trade; desirable ight kind excepted; top yearlings $11.60; average weight 993 pounds to §1,025 pounds best aandy weight offerings early $11; four-loads Jong few bullocks aver- aging 1,336 pounds $10.50; few hi -es above $10; many lo: olds, little demand for in-bety Zrades fat she stock; these predom- nating; bulls slow, barely steady; vealers steady to 25 higher; bulk to packers $11@1 kind going w outsiders $12 ; run includes weighty ttle done early; stockers and feed- ars firm; country de fairly broad ‘for desirable yea Sheep Receipts 18,00 iy sales at lambs around steady; undertone Weak; early bulk natives $12.50@ 42.75; few y butchers $13.2 culls mostly $9.50; choice Utah fambs $13; some held higher; sheep steady; bulk fat ewes $5@6.25; feed- ing lambs scarce, talking around steady. Omaha Quotations. OMAHA, Neb., Sept. 25.—(U. 8. Department of <Agriculture.)—Hogs —Receipts, 8,000; better grades lights and medium weight butchers, 10@16c lower; others and packing grades, 15 to 25c lower; bulk 160 to 190 pound weights, $9.25@9.50; bet- ter 190 to 240 pound butchers, $9. @9.65; top, © $9. strong weight butchers, $9.25@9.55; packing sows, mostly $8.50@8.75; bulk of all sales, $8.50@9.65; ‘ave cost yesterday, $9.20; weight, 2 Cattle— Receipts, 4,800; mostly steer run; good and choice yearlings and medium weight steers, moder- ately active, steady; medium grades and weighty steers, slow, weak to 6c lower; bulk steers and yearlings, 00@10.50; several loads long year- lings, $10.60@10.90; grass cows and heifers, active, strong to 15c higher; bulls, strong; veals, steady; stockers and feeders, scarce, steady to wea bulk grass cows and heifers, 5.5! canners and cutters, 3.25; bologna bulls, $3.25@3.60; top, $10.00; early sales stockers and feeders, $5.50@ . Sheep—Receipts, 26,000; active, strong, 10@15c higher fat range lambs, $12.65@12.9 $13.00 to shippers; nati $12.00@ B ep, ste ewes, around $5.75; feeders, duil, tending lower; early sales range feeding lambs, $11.50@12.25; some held higher, lambs, bulk top, mostly ndy;) few Denver Prices. DENVER, Co!o., Sept. (C. Department of Agriculture.)—Hogs 2,000; uverage quality plainer market uneven; few opening | steady ate trading mostly 25 to 40c lower; few drive-in $10.25 rly Toads, $10.25 y $9.85 to $10.10 packing sows, steady to we most ; fat pigs, stead: $8.00; sal few 3 pound feeders, feeders,, $7.50; several $7.10 to $7.15; better grades f $4.50 to $6.00; plainer kind, $: $4.00; canners and cutters, $1 to ¥ choice veulers, $3.75 to $9.10; few loads feeder cows, $3.00. feeder heifers, $4.50 to $5.00. Sheep—Recelpts, 6,000; bulk cows, to of [OIRREGULAR Prices Yield to Profit-Taking Despite Favorable Trade News YORK, Sept. 25.—Stock s yielded to profit taking in to- day's market largely ignoring such favorable trade news as publication. of record-breaking car loading sta- tistics and a further reduction in erude oil production. Motors. and public utilities showed independent strength, Sales approximated 950,- 000 shares, NEW YORK, Sept. —Stqck prices continued their move to high- er ground at the opening of today’s market, with broadening inquiry for Popular rails and industrials in evi- dence. New high records were es- blished by several recent favorites, including American Water works, Texas Gulf Sulphur, Studebaker and Laclede Gas. St. Paul Ratlway and clair Oil, Were active in the low riced group. Speculative tzed offerings held recog. industrial leaders around pre s closing levels despite the grow exhibition of strength in other se ns of the list. Merchandise ind public utility issues swept ahead With specialties working higher un- der the leadership of Worthington Pump and United States Distribut- ng preferred, which advanced 2 and 2% points respectvejy. Establish. ment of a new 1924 high record for railroad car loadings in the second week of September imparted a firm railroad shares. Buying ed mainly in’ stocks of southern and southwestern car! riers, and, was promoted, apparent by the recent rise In cotton pric Maxwell Motors A led an advance tn the motor ares. Foreign hanges opene firm, Profit taking In the standard lustrials and several popular sp ties checked the general advance Trading turned dull on the decline Heavy buying of the Maxwell Mo tors issues, the A stock moving up more than ‘two points, was without effect’ on the rest of the motors. Bullish demonstrations continued in the public utilities, Brooklyn Union Gas, American Water Works eom- mon, United Rallways and invest ment common and preferred and In- ternational Telephone being among the many issues In that group to sell 2 point or more above yesterday's final prices. Cosden, Oil sagged a point despite official denials of new financing and the other petroleum ‘ssues~ made ‘ittle response to the American Petroleum _ Instiute’s Avoekly report of a reduction in crude oll production. Baking issues lost one to two points on realizing sales. Call money again renewed at 2 per cent: ‘The losses in some of the market favorites were partly retraced in the afternoon, when Consolidated Gas and North American went into new high ground and various equipment, motor, rubber and miscellaneous is- sues moved up briskly. Peorla and Eastern was the strong feature of the. railroad list, rising 3 points to a new top level. “Soo” pfd. dropped 4% and Phillip Jones pfd 5% points The closing was trregular. Selling pressure against Baldwin, American Can arf! the independent steels in- creased in the final hour, but Stude- baker was lifted to a new high at 42 and good buying took place in other low-priced shares. POTATOES CHICAGO, Sept. 25.—Potatoes— Trading good; market steady; re. eipts 60 cars; total U.S, shipments 776; Wisconsin sacked and ‘bulk round whites, 90@$1; Minnesota sacked Red River Ohios and South Dakota sacked early Ohio, 95@$1.06; Idaho- sacked ‘rurals, $1.25@1.30, os Bi atid iy Foreign Exchange NEW YORK, exchanges easy; eat Britain der bles 447 3-16 446 3-16. bles 5,27% bles 4.29, cables 4.79. trillion, 2 Sept. 25.—Foreign juotations in cents: and 446 15-16; ca- 60-day bills on banks, rance demand 5.27; ca- Italy demand 4.38%; ca- Belgium demand “4.78%; rmany’s demand, per Holland 88.59; Nor- Sweden 26.58; Denmar! Switzerland 19.01; Spain 13,32; Greece 177; Poland 19%; Czeko Slo- vakia 2 > Slavia 1.89%; Aus- tria 00 tine 36, Butter and Eggs CHICAGO, creamery. extras ards 34c; extra firsts 31% @32 Eggs higher, firsts 36@39c; Sept, £5.— Butter easy; @35%4c; stand. firsts 33% @34%40; Yaci seconds 30@30%e, receipts cases; ordinary firsts 32@ SUGAR Vv. YORK, Sept. changes occurred in refined sugar, with prices canging from $7.05 to for fine granulated. Refined were nominal closed 0 tor March futures AD mber May Dece 3.14; run lambs; fat kind, active, steady to weak; several loads, $11.90 to $12.00; sheep and feeder lambs, slow; talking steady; no carly sales. STOCK CLOSING [GRAIN PRICES | IN COMEBACK Export Demand and Cold In North Lend Strength to Demand CHICAGO, Sept. 26,—Influenced by ari unexpected advance in Liver: pool quotations and by assertions that Russia had prohibited grain im- ports, the wheat market here took an early swing upward today. Ad- vices telling of continued storm dam- age in Europe tended further to lift values, and so Iikewiso did indica- tons of Iberal new export business. On the other hand, weakness of the corn market acted as something of an offset. Wheat opening prices, which ranged from %@1%c higher. with December $1.35%@1.36%, and May $1.4114, were followed by a ma- terial reaction and then by {alr ral lies. Subsequently, the market devel- oped additional strength. It was es- timated that export sales of wheat mounted to fully 2,000,000 bushels. how was reported at Edmonton, anada. The close was firm, Se to 1%c net higher, December 1.36 to % and M 1.41% to 1.41%. xcellent weather conditions led to heavy selling of corn, After open- ing at half cent decline to Tee ad: vance, December $1.02% @1.03%, the market underwent a decided drop. Later the corn market, alded by wheat, rose to above yesterday's fin- ish for new crop deliveries. The close was unsettled at le net de- cline to %e ndvance, December 1 4% to 1,02 Oats sympathized with ' wheat rather than corn. Starting at \@ “se higher, December 51@51%, the oats market eased down somewhat but soon hardened again. Provisions were stec with hogs. Open High 1.36% 41% 07% 03% 04% Nov. Ribs— Sept. Oct. Noy. Bellies— 12.00 13.50 13.37 13.42 CHICAGO, Sept. 3 red 1.38%; No. 2 1.85. Corn: No. 2. mixed, 1,07%; No, 3 yellow, $1.07% @1.08. Oats: No. 2 white, 49% @50c; No. 3 white, 47@48c. Rye: No. 31.0914 @1.10%. Timothy seed, $5.25@6.75. Clover seed, $14@29.25 Lard, $13.65, Hes, $13.62. SILVER NEW YORK, Sept. 25.—Bar silver, 69%; Mexican dollars, 53%. ——————___— Debt Payment Before Divorce . Decrees Urged PUEBLO, Colo., Sept. At their meeting here the secre- tarles of credit associations of Colo- rado and Wyoming passed a resolu- tion demanding that before a di vorce is granted all applicants be forced to prove that debts have been paid. tion follows: ~ “Whereas; divorces are increasing from year to year, and retail mer- chants especially dry goods, clothing and other wearing apparel firms are suffering large losses through the practice of such parties making large and unwarranted purchases prior to their actual separation charging same-to husband or wife from whom they intend to seek di- vorce, we recommend legislation that will require parties secking dl vorces to present proof that all per- sonal debts have been paid before the final decree of divorce can be granted.” Whea: hard, $1 Ribs, $12.26. \Bel- a. The resolu MONEY NEW YORK ey steady; high 2; ruling r ing bid 2; offered at call loans against Time loans ensy 60-90 days 2%@ Prime comm: eins | METALS ° | NEW YORK, Sept dull; electrolytic spot fu 13@13% m, Sf 3% 3%. —Copper and nearby 13 ire Tin futures 47.8 and unchanged, ts 8,00, Lead qu i Zine firm, East St. Louls spot ¢ futures 6.10@6.15. Antimony spot 11.2 Minn., Flour, unchanged; bran, 24.60, $24.0 Market Gossip University Petrotloum Research Problems of importance to the ofl industry In Wyoming are now being worked on by the Federal Petroleum Research department of the State University at Laramie. Investiga- tion at this time includes expert ments concerning the solubility of natural gas in crude oll and the dit. ferent phases of parafin. On the staff are Chief Chemist D. B. Dow, N. M. McKaig and C. EB. Reistle. bs Country Club Well The Fort Collins (Cole.) Country Club is to have a well drilled on its property by the Atlantic Petroleum corporation. Drilling is to start at once. The well is so located, being on the NE% Section 36-8-69, that it does not interfere with the golf course. Finance Summary. Wabash railway directors meet today. Bank of England rate unchanged i per cent. St. Louis Southwestern system re- ports for August net income $142,182 against $375,074 ond for eight months $2,345,549 against $3,150,- £95 in 1923. United Cigar Stores company re- s for seven months ended July . net equal after preferred divi dends to $1.95 on $26 par common German government announces that nothing can be done now for re stitution of Criginal value or pay- ment of any interests on pre-war loans. North American company reports for six months ended June 30, con- soldated net income of $4,560,526, after depreciation, etc., equal after preferred dividends to $1.74 a share on common. ‘ A Berlin dispatch quotes Reich: pank 16an negotiations are pro- sressing favorably. Wells Fargo earning for months ended June 30, net after expenses, etc., of $392,401. Great Northern to purchase freight cars to cost $6,500,000, Reading company August net op erating Income $1,695,111 against $2, 57,192 in August, 1923. at six tax 500 Two More Derricks Materials for two derricks intend- ed for the Steele Creek structure in Johnson County are now ready to be trucked to location, according to word coming from Sheridan. The present test, which is being drilled by the R. C, Tarrant interests, is supposedly in cap rock above the second Wall Cr sand. Gas has been noticeable in the hole for the past several weeks and it is felt that production will be found in the ob- jective sand... The well is now shut down and will continue so unt Tar- rant has erected his two new rigs and has started spudding. It 1s ex pected that the trio of wells will all be in action inside of another month, Mutual Colorado Test Mutual Of! Company will start spudding its test of y structure, 17 miles south y, Colo., says a Denver no- tice, which credits 8. H. Keoughan, president of the company, with the assertion that the drill will “go so deep that when we get drilling there won't be anything else worth drilling for." Location of the test is on Section 20-2-43, Arikar: dome. The objective sand will t The the Dakota, which ts expected be tween 2,500 and 3,000 Six thousand acres of leases taken over on a 30 per cent basis from the Northern Colorado Oil Syndicate are controlled by the Mutual, Test Near Berthoud On « structure six miles east of Berthoud, ‘Colo., upon which leases are held by the Northern Colorado Oll Syndicate, the California Produc- ers Oil Corporation is starting a test. The hole will be put down, on the NE% Section 4-4-68, Weld County. The Dakota sand at 4,000 feet is the objective. Oi Summary. of Loulsiana reduces ent a gallon rotail. Street Journal calls atten tion to the firmness in heavy crude oil such as Smackover, and Mexican grades. Mexican heavy crude of not more than two per cent as content is quoted at $1 a barrel with 85 cents a barrel for Salt Creek crude which yields 35 per cent gasoline on straight run and probably more than 70 per cent under cracking methods. Boston News Bureau says this weeks’ developments in the oll sit- uation strengthens the belief that the recent serles of vil price reduc. tions } Olldom Standard come to an end, says U. 8. motor gaso at Tuls: avers but some re though doing at this figure. Ready to Spud. Edgemont, 8. D., on 7-1, on @ lease held jointly Big Three Oil company and Reln- bold interests, a derrick has been erected and the test well will soon be spudding. 4c a gallon and to 6%he finers still asking 7c, very Uttle busin Sec. 19. by the Consolidated Royalty Wells. Wells drilling for tho joint account of the Consolidated Royalty Oi compa Western Exploration and the Mutual’ Ol com: the 1, Orange ng county, )0 feet. bet, county, , drilling nt 50 feet na ount ol ation com: par Graham No. Billy Creek field Johnson county, Wyoming, cleaning througir| PAGE NINE Grain :: Livestock :: All Markets out at 4,150 fect in order to test sand. McLaughlin No. 1, Billy Creek field, drilling at 4,041 feet. Richardson No, 10, Salt Creek field, hole standing full of oll, pre- Paring to shoot. Geologists Report Favorably A favorable report on the White wood, 8. D., district has been made by logists employed by the Cur- tix Oll company of Denver. Devel- opment operations are expected to start next spring. ROOSEVELT 1S 6.0. P. CHOICE (Continued from Page One) cause of its record in office and charged the Democratic party in the state “with inefficiency, in- sincerity and laxity in the con- duct of the Albany government. The Ku Klux Klan was mentioned in a plank headed ‘fundamental principles”, The plank concluded by stating that “we condemn any anlidate or party that endeavors to make political capital out of such an issue, and, whilo posing as its champion, betrays the cause of ibérty by a direct appeal to racial ant religious groups.” a GIANTS TIAGH PIRATE HOPES (Continued from Page One) Terry singled off Traynor’s glove but further scoring was prevented when Cooper made short work of Wilson, Jackson and Gowdy. The Pirates went out quickly in the fifth, Nehf put the Giants tn the lead in their half of the fifth with a home run into the upper section of the right fleld stands, None was out when Nehf hit his homer but the side was retired without trouble, Cuyler walked and Wright singled to start the sixth for the Pirates, but tine defensive work checked them. * The Giants went down in a row. With one out in the seventh, Cooper singled for the Pirates and gut to second on Moore's grounder to Kelly, but the rally ended there, Tho Giants scored three runs and increased their lead to 5 to 1 in their half of the seventh. Traynor got his third hit in the Mghth with two out but was forced when Maranville hit to Lindstrom. Tackson doubled with two. out in ho Giants’ half of the elghth but Traynor threw out Gowdy. The Pirates scored three runs in the ninth when Carey hit a home cunjinto the left field stands with Schmidt and Moore on base, Two were out when Carey hit his cireult blow and.Cuyler ended the game by fanning. GOVERNOR IS SERIOUSLY ILL (Continued from Page One) mediately, although Dr. Hall had not arrived. LARAMIE, Wyo., Sept. 25.—The serious illness of Governor William B. Ross, who attended a forum din- ner here Tuesday night, and left soon after for his home, was com municated to his two sons, Geor and Ambrose, juniors at the Uni- versity of Wyoming, and they left early this morning for his hedside. They were informed just as they leaving that their father had nm taken to a hospital, where it s feared he might ha an operation. Word this elty from Mrs. J. H.W her brother, they being close per- sonal friends of the Ross family. The governor seemed about nor- mal while here, and talked for an hour on the severance tax proposed amendment to the state constitution although some remarked that he seemed not quite up to his» usual good health. He was taken ill at Cheyenne yesterday and last night his condition was reported as grow- ing worse. NEW r spot ates middling 2 Out distinct United State aged in all but of professions women are in en- Oregon Town Celebrating First Train BURNS, Ore. town of Burns, road today, the Realizing a dr dating back near Orego first in { am ed the 13 coach U were many childr welcom Pacific train who had never is an exten and wl be used for gransporting lumbes. on from ¢ mainly