Casper Daily Tribune Newspaper, October 2, 1924, Page 9

THURSDAY, OCTOBER 2, 1924. aan Oil TAKES CRUDE PRODUCTION Finance BIG SLUMP Faling Off of 14,500 Barrels Daily Shin In Average Daily Pipeline Runs of Country for the Last Week. _NEW YORK, Oct. 2—The aver- age dally gross crude oil production of the United States decreased 14,- 600 barrels for the week ending Sep- tember 27, totalling 2,024,350, ac- cording to the weekly summary of the American Petroleum Institute. The dally average production east of California was 1,418,850 barrels, a decrease of 9,206. California pro- duction was 607,500 barrels, a de- crease of 5,300. Oklahoma shows a daily averages production of 535,050 barrels) de- crease of 11,450; Kansas 85, 000 bar- rels, decrease of 600; North Texas 78,900 barrels, increase of 1,200; cen- tral Texas 179,400 barrels, decrease of 1,250; north Louisiana 54,000 bar- rels, decrease 150; Arkansas 130,080 barrels, decrease of 1,800 barrels; Gult Coast and southwest Texas 143,100 barrels, increase 9,850; east- ern 107,000 barrels, decrease of 1,- 500; Wyoming, Montana and Colo- ret 109,300 barrels, decrease of 3,- 100. Ther@ were no changes reported In crude oil prices for the major dis- tricts—mid-continént being nig at 75c to $1.25 a barrel, according to the gravity of the oil; *Pennsylvania crude, Bradford district $2.85 a bar- rel, all other grades $2.75 a barrel; Gulf Coast crude ofl grade ‘tA’ $1.25 a barrel, grade “B” $1.05; and Call- fornia crude ranging from $1 to $1.40 oreo according to the gravity of the oil. Beet Sugar Yield This Year in Western States To Show Large Increase ; By J. C. ROYLE. (Copyright, 1924, Casper Tribune.) NEW YORK, Oct. 2.—Careful in- vestigation of the sugar producing areas where digging of beets is now in full swing indicates that domestic beet sugar production this summer will exceed 900,000 tons or about 100,000. tons more than last year. ‘The sugar production of Hawaii tlils reason is about 700,000 tons, an increase of 150,000 tons over 1923 and next year's crop, {t is considered certain, will be well over 600,000 tons, The Port> Rico crop will be at least 100,000 tons in'excess of that of last year. While.the centrifugal sugar production of the Philippines for the crop yaar 1923-24 was 311,136 metric tons, or 30 per cent above that of the previous year, it ig expected that production in the eoming year will reach 431,000 metric tons, an additional gain of 35 per cent. Theao facts would seem to refute storles to the effect that a shortage * ‘domestic sugar beet production ald necessitate | |; imports: m Cuba. In fact, ‘the Federal Sugar Refining © company, “operates on Cuban sugar, frankly that the rise in the of Cuban raws.can not’ be tained. The federal review of the situation says: “Cuban interests have succeeded in putting prices on a higher basis after a determined effort but there is nothing in the refined sugar situa- tion to justify the paying of prices asked by the raw sugar producers. In view of the surplus production from sugar beets, buyers are war- ranted in adhering to a conservative Policy.” The Buropean svgar beet crop continues’ to have a favorable out- look. ‘The Czecho-Slovakian crop is expected to: show a gain of 26 to 46 per cent over that of last year. Factories are already slicing in France and Belgium and the Ger- man plants are about to begin operations. . In the inter-mountain west con- ditions have been favorable for har- vesting the crop and: factories will which states prices main- sugar begin turning out new sugar in quantities Inside the next two weeks in Colorazo, Nebraska, Wyoming, Utah and Montana. The labor sup- piy of all the districts in those states is reported to be satisfactory and a fair proportion of-experienced men who have handled this crop before are returning for the harvest. | The Great Western Sugar com: pany states the acreage to be har- vested. by that concern will be 20 per ceht larger than in 1923 and it 18 unofficially estimated that the sugar outturn of the company will be\ between 7,250,000 and 7,500,000 bags. Acreage. is larger, but the tonnage per acre has been reduced as a result of dry weather. Michigan railroads aro preparing for an unusual demand for cars to move the bee, crop of that section. Tho beets arg progressing in an un- usually sat ‘tory manner, owing to the extraordinarily warm fall. Acreage in Michigan is far higher than last year. The estimated beet rroduction this season is placed at 1,174,000 tons, as ‘compared . with -789,000- tons “iast year. However, lower sugar prices the seaboard during the growing. mn indicates a probable price to growers this year of $7 as Cicer with $9 last year. On such a basis the increased yleld this sees0n would make a dif- ference in income to growers of only $1,300000. Last year’s crop brought $6,920,000 while the antici- pated income this year is $8,220,000. Nine sugar companies, owning 30 factories chiefly in Utah,» Idaho, Wyoming and Washington, will Lave paid farmers $13,500,000 for beets of the 1923 crop by the time the date for final settlement, Octo- ber 15, is reached. The Utah crop this year, however, is smaller than that of last season. New Mexico farmers near Maxwell, who have Just taken up the cultivation of sugar beets, will realize about $180,000 on their first year’s crop trom the planting of 2,100 acres. Lonisiana refiner: aco cleaning up preparatory to melting Louista: new crop raws, liut the Louisia crop is short and little Louisiana “sugar is available, Commodity (Copyright, 1924, Casper Tribune) Textiles. CONSHOCKEN, Pa.—The Bent- ley Harris Maunfacturing company has started a new industry here by installing 15 machines to manufac: ture high grade cambric tubing for insulations in radio and electrical apparatus. “ FALL RIVER — The Pocassett Manufacturing company has resum- ed full time operations in ita new mill and the Warren-Parker mills are expected to resume work shortly, Cléthing.. _ KANSAS CIT¥Y—Work clothing manufacturers here have large sup- Piles on hand but their supplies of denims are low. They are optimistic Over business prospects and there is considerable activity in dress Woolen, sweaters and knitted outer Wear. Furs. BEATTLE—Sales at the Seattle fur show quote otter and mink furs 20 per cent higher, Red fox un- changed. Muskrat skins from Alaska and Washington bringing 10 per cent More than last year. Leather. PHILADELPHIA—C. F. 8. Stout, ®& prominent local tanner, sald to- day that sales of American kidskins in Europe had been hampered by the exchange situation, although id leathers were popular there. Coal. DETROIT—Factories and louse- holders have not stodked up on coal for-winter as freely as in for- Mer years but there has been a bet- terment in the movement to Ohio and Michigan points within the past few days. : Trade News ATLANTA — Continuoug rains have damaged Georgia cotton sert- ously. Depreciation during the last part of September was the heaviest in years. ou. TULSA—Individual oil operators arq anticipating profitable opera- tions as a result of development in the new fields of Montgomery and Chatauqua counties. Their attention was drawn by the success of the Réd Bank Oi] company along the Oklahoma Kansas line where more than a dozen productrs have been brought in. Glass. SHREVEPORT—Two hundred of the 500 employés at the local plant of the United States Sheet and Win- dow Glass company went on strike today when @ 10 per cent cut in wages was announced. The strikers returned after a few hours when the company agreed to make the cut in their case only 5 per cent. The 10 per cent reduction, however, remain- ed for the 300 who remained at work. . Shoes, SPRINGFIELD, | Mass, — Shoe manufacturers here report advance orders have increased due to mail orders by retailers to fill out stocks. Some orders recently received are large enought to keep factories busy fog 30 days and a spell of cold weather would cause a rush and shortage. Fish. PORTLAND, Ore.—Big schools of salmon are reported off the Oregon coast and trawlers are making heavy hauls but few fish are entering the Columbia river, Buyers are freely paying 5%4c to 6c a pound for fieh. The market for canned salmon has been stimulated the last few days. Bonds American International .... 26% American Locomotive --. 80% American Smelting & sei - ‘Tk American Sugar . 47% American Tel and Tel. -..... 127% American Tobacco ...-----.- 161% American Woolen -..-....-.. 67% American Zinc, Lead and Sm. Anaconda. Copper -------~..-- Atchison ~--------~-—-.0---- Atlantic Coast Line ~--..-.-. (Baldwin Locomotive --..-.. Baltimore and Ohio -........ Bethlehem Stee! ---....-...- California Petroleum ----—- Canadian Pacific --.--.--..-. Central Leather ~........—- Cerro de Pasco ~--....---..- pommel Motors +2-....---- Chile Copper Coco Cola Colorado Fuel and Iron Congoleum Consolidated Gas ~-...... Corn Products new ~......... Cosden Oil -.. Crucible Steel -.-..--... Cuba Cane Sugar pfd .-. Davison Chemical ---. Du Pont de Nemours ~..---. Erie Famous Players Lasky od General Electric General Motors new .-... Great Northern pfd. Gulf States Steel Houston Oil -. Tilinois Central International Harvester once Int. Mer. Marine pfd. Int. Tel and Tel. ..... Maxwell Motors A ... Middle States Oil —-. Nationa! Lead -~----...-... New Orleans, Tex and Mex. .. New York. Central --... N. ¥.,-N. H. and Hartford... Norfolk and Western ......., Northern Pacific .......... Pacific Oil ----s-----... Pan American Petroleum B .. Pennecylvania -.. Producers and Refin Pure Ott .. -Reading -. Republic Iron and Steel - Reynolds Tobacco B .-.. Standard Oil of N. J. ~-.-... Studebaker Corporation -...-. Texas Co. ~..-.---.--.... Tobacco Products ~-.-..----- Transcontinental Oi} Union Pacific ---.. United Drug -.------. U. 8. Cast Iron Pipe Peers 115% J. S. Ind. Alcohol -.-.-.-----. 70% United States Rubber -.---- 25 Westinghouse Blectric ------ Willys Overland -. Woolworth Anglo Am. Olt Bérne Scrymser -.-.--. 210 220 14% 16 Buckeye ---------..-. 60 “61 Chesebrough je menne 48% 40 Continental -----—.... 42 46 Crescent --.------.---- 11% 12% Cumberland ~------~--~ 136% 139 Eureka -..--. mene 91% 4 Gal. Sig. Com. -...... 52% 54 Gad, Sig. Old Pf@-..-110 116 Gal. Sig. New pfd. -... 102 106 Tilinois Pipe ~.------.. 124 126 Indiana Pipe 1 2 National Transit ---.-. 21 21% New York Transit .... 57 62 Northern Pipe ----.---_ 75 380 Ohio Oil ---------—--. 59 60 International Pete --... 20 20% Penn, Mex, -. 30 88% Prairie Oil —. 207° «208 Prairie Pipe 105 105% Solar Refg ---------. 117 183 So. Pipe 80 90 So. Penn Oil 133136 8. W. Penn O21 —.. 70 16 gS. O. Ind. -.. 56% 56% 8. O. Kan. “4 34% 8. O. Ken --.---.-—--. 113% 114 8. O. N.Y. -------ee ee % 39% 3. O. Ohio 290 295° Swan and Finch -..._. 38 42 Vacuum 68% 68% Washington -.-----.--. 29% 31 B. O. Neb, ~~... 23 245, CRUDE MARKET Cat Creek ome tne ewe ss cns one $120 15 Ferris --—~-------—---—---_.. 1.05 Byron pon nnn a 1.30 Notches -. 65 Pilot Butte ———--—-B 014 Lander ...- — 70 pase sherak eo MATa MANCHESTER, NN. H. — The wodlen division cf the Amoskeag mills here now is operating at bet- ter than 60 per cent of capacity. fhe Casper Daily Cribune Stocks AND QUOTATIONS B¥ LEASED IL SECURITIES | 3 Wikes Quem &@ Ga Bessemer -----2------- 13.15 Big Inaian -----.----- 01 02 Boston Wyoming -... .30 90 Buck Creek -.------. 13 15 Burke ~.-.---.-.--. 220 Blackstone Salt Creek 20 Chappell . 08 Columbine -. 06 07 Central Pipe - 65 <5 Consolidated Royalty — 114 1.15 03 4 08 03 7.00 E. T. Willams -.---. .25 26 Fargo --------~--. 03 05 Gates 10 Jupiter 06 Kinney Coastal ---.... .07 08 Lance Greek Royalty. .01 .01% Marine ~.. $00 3.15 Mike Henry ---.----- .00% .01 Mountain & Gulf -... {0 1.50 New York Ol) ~-------10.00 12.00 Picardy -.---. 04 Preston ~~~... 02% Red Bank .«.--. R 36.00 Royalty & Producers _ .04 05 OT 08 03 95 Western Exploration ~ 3.00 3.25 Western States — 10 AL awe 38 LOD Gh oe ORG EES -05 06 NEW YORK CURB CLOSING. Mountain Producers ~ 19.87 20.00 Glenrock Oj! +25 Salt Creek Prd: 27.50 Salt Creek Cons, 8.00'| New York Ol ~..---.. 11.00 Ohio Ol! -....-.-----. Prairie Oil --.-.-.-.. 209.00 59.00 210.00 11.00 56.00 55.57 LIVESTOCK Chicago Prices. CHICAGO, Oct, 2.—{U.'S. Depart- ment of Agriculture.)—Cattle—Re- ceipts, 11,000; fed yearlings. and handy weight steers, firm; spots un- evenly higher; heavy steers, steady to easy; top long yearlings, $12.00; 984 and 1,011 pound averages at that price; best big weight steers, $11.00; some 1,386 pound averages, $11.25; kinds of value to sell at $9.50 downward now dragging; grass cows and heifers, dull; desirable fed heifers, scarce, firm; bulls, slightly more active; bulk bolognas, $4.00@ 4.25; vealers, 25c higher; practically all interests” paying upward to $15.00; bulk around $12.50; stockers and feeders, scarce, steady at we edvance, Hogs—Receipts, 15,000; fairly ac- tive, 10 to 16¢ higher; packing sows and better mixed kind, 15 to 25¢ Iigher; demand broad; top, $11:15; equal io current year's high point; good and choice 160 to 225 pound averages, $10.65@11.00; | desirable weighty butshers, mostly $10.60@ 10.85; bulk better 140 to 150 pound selections, $10.00@10.50; . packing sows, largely $9.20@9.50; highest for this year; desirable strong weigh slaughter pigs, $9.25@ heavy; weight hogs, $10.40@10.90; medium, $10.66@11.15; light, —_ $9.60@11.15; Nght light, $8.60@11.0 packing hogs, smooth, packing sows, rough, | slaughter igs, $8.75@09.90. Sheep—Receipts 28,000; fat lambs generally steady; sorting light; bulk desirable natives $12.75@13.00; few to city butchers $13.50; culls mostly $10.00; bulk fat range lambs $13,00@ 13.5 and feeding lambs ewes $4.75@6.50; top $6.75; early sales desirable feed- ing lambs $12.50@13.00;° full mouth breeding ewes $7.00@7.50. Omaha Quotations. OMAHA, Neb., Oct. 2.—(U. S..De- partment of -Agriculture.)—Hogs-— Roccipts, 6,500; active; better lights and butchers, steady to strong; others and packing grades, 10@1lic higher; bulk 180 to 240 pound weights, $10.00@10.25; top, $10.30; 160 to 180 pound averages, $9.30@ 10.00; strong weight butchers, $9.80 @10.15; bulk packing sows, $9.15@ 40; smooth up to $9.65; bulk of all $9.25@10.15; erage cost Weénesday, $9.51; weight, 261. Cattle—Receipts, 5,000; fed steers and yearlings, active, 10@15c high- er; long yearlings, $11.25; mixed yearling steers and heifers, “$10. T5@ 11.00, medium weight steers, $10.75 @11.10; best weighty steers, early, $10.40; choice to heavy kind held higher; bulk steers and yearlings, $9.50@10.75; grass cows and heifers, mostly’ steady; canners and cutters, and bologna bulls, weak to lic lower; veals, strong to 25¢ higher; stockers and feeders, scarce, weak? bulk grass cows and heifers, $3.35@ 5.50; heifers, upward to $6.35; can- ners and cutters, $2.35@3.25; bolognas, $3.25@3.60; practical veal tops, $10.00; few to outsiders, $10.25; lockers and feeders, mostly $5.75@ 6.75. Bheep — Receipts 7,500; lambs steady to 25c higher; fat range lambs $13.25@13,50; notive $12.75@ 13.25; fed clipped lambs $11.75; sheep and feeders steady; early sales feed- ing lambs $12.00@12.65; feeding ewos upward to $5.5; breeding ewes full mouthed upward to $6.25. Denver Prices. DENVER, Col., Oct. 2.—(U. S. De- partment of Agriculture.)—Hogs re- ceipts 1,400; active, generally 10c higher; desirable 200 to 250 pound Weights mostly $10.60; few loads $10.40 to $10.55; odd drive ins $10 to $10.50: packing sows mostly $7.75; few $8; fat“pigs and light lights up to 140 pounds $8 to 48.25; stock pigs $7. Cattle—Receipts, 1,700; calves 100; uneven, mostly Bteady, mostly low on bulks; most grass cows 83.25 to $3.75; few $4 to $4.50; good grass heifers $4.50 to $5.50; canners and cutters $1.75 to 82/50 no good or choice vealers offered; several loads stockers and feeders $5.50 to $6.35; few ‘$7; three load# stock heifers $8.50; stock cows $2.85; stock calves $5.50 down, Sheep—Receipts 400; mostly lambs Grain STOCK TRADING WHEAT PRICES [OTAREGULAR) SOAR IN MART Mixed Prices I Develop In Late Trading; Main Trend Upward NEW YORK, Oct. 2.—Operators on the long side encountered stiffer opposition in their campaign for higher prices In today’s stock mar- ket. Concerted selling pressure against local public utilities and the unfavorable construction placed by some traders on recent political da- velopments had a somewhat depress- ing influence on the general list al- though more than a score of stocks attained new 1924 peak prices. Sales approximated 800,000 shares. NEW YORK,’ Oct. 2.—Inaugura- tion of dividends on tho preferred stock of the St. Louis-San Francisco Railway brought a sharp rally of 6% points in the shares to.a new high record at 73% at the opening of today’s stock market. A block of 3,000 shares of Frisco common also changed hands at 31, up one point. The trend of other issues continued upward with General Electric and Famous Players mount- ing more than a point each. Hasty profit taking carried Frisco preferred 2% points below its early high but the demand for other shares continued unabated, disclos- ing several new 1924 high records. Constructive business developments Were reflected in gains of one to two points recorded by Baldwin, American Can, Railway Steel Springs, Lackawanna, Standard Pigte Glass, U. S. Cast Iron Pipe, and Colorado Fuel. Consolidated Gas-was subjected to selling pres- sure, falling two points. Foreign exchanges opened steady. A Opening strength gave way ‘o irregularity with special seliing pressure directed against ‘the lvcal gas shares. Brooklyn Union Gas dropped nearly four points and the others yielded 1% to 2%. Coppers also turned heavy with Anaconda the weak feature. American Can and Baldwin reacted about a point from their early highs and General Electric dropped 2%. Independent strength was shown by such issues as Foundation Company, American Ice, Burns Brothers A, United Fruit and Famous Players. Prices headed upward again around noon when active short covering was reamed in seme of the popular issues. Call money renewed at 2% per cent. The buying impulse among. influ- ential stocks diminshed again in the early afternoon when selling of Du- Pont, National. Lead, American Wa- terworks, American I¢e and. Associated Dry goods depressed them 2 to 2% points. Low priced shares such ag St. Jo- seph, Lead, Corn Products, North Amorican, Montgomery Ward, U. 8. Distdibuting, Simmons and Indian Motorcycle were lifted to the beat figures of the current rise. The closing was irregular, Except in a few issues such as Montgomery Ward, Hayes wheel and the Sugar stocks there was a marked. lessen} ing of bullish activity in the late trading. DuPont broke three points and Universal Pipo and Radiator preferred 3%. STATED. A.A, MEETING NEAR + {Continued from Page One) -for a business session in the morn- ing, followed by a luncheon at the Henning hotel. Again in the after- noon consideration .of matters of business will be resumed. ® In the eveniny at the Elks audi- torium a reception is to be held. Ertertainment for the occasion will be as follows: Selection—High school orchestra. Invocation—Rev. Philip K. Ed- wards. Salute to the Flag and “America”. troop. Addreks—Hon. B. B. Brooks. Solos—Miss Frances Bowet whose selections are “Lif Curran, and “A _ Birthday, ‘Woodman. Address—Mrs. Anthony Wayne Cooke. “The Star Spangled Banner.” pare acento estes POTATOES CHICAGO, Oct. 2.—Potatoes, trad- ing fair, market about steady; re- ceipts, 40 cars; total U. 8. ship: ments, 705 cars; Minnesota and North Dakota sacked Red River Ohios, §1.00@1.05; Minnesota sacked sand land Ohios, 80@90c; sacked round whites, $1.00@1.10; Wisconsin sacked round whites, $1.00@1.15; bulk, $1.10@1.20; few fancy shade higher; South Dakota sacked” Barly Ohios, $1.00. METALS NEW YORK, Oct. 2—Copper— electrolytic, spot and nearby, futures, 12% @13c. Firm; spot and futures, $49.25. Iron—Steady; Lead—Steady Zinc—Bteady; ¥ $6.17; futures, $6.17. Antimony—Srot, $11.00. prices unchanged. spot, $8.00, st St. Louis spot, active; fat kind 150 to 25e higher; eight cars 70 pound weights $12.85; two 80 pound loads $12.75; outs most- ly $10; few yearlings $9; feeder lambs mostly 15¢ higher; elght cars $12.40; two loads $12.35; sheep scarce. Stromberg Carburetor, |’ Liverpool Strength Lends Stimulus to Chicago Trading CHICAGO, Oct. 2.—Led by a sud- den advance of five cents a bushel in the rye market, wheat and other grain went rapidly, upward in price today as soon as business began. Unexpected strength in wheat quo- tations at Liverpool counted also as a stimulus and so too did evi- dence that urgent foreign demand for breadstuffs from the United States which continuing unabated. All deliveries of wheat here rose to a new high price record for the season. Wheat opening prices which ranged from 1% to tbc higher, with December $1.42% to $1.43% and May $1.48% to $1.49, were quickly followed by material further gains. Buoyancy in the rye market was due to reports that stecks of rye in the United States are so nearly cleaned up that five days of foreign buying at the recent fast pace would leave only bare bins until replen- ished by new crop receipts. New daliveries of rye, which closed yes- terday at $1.17, jumped today to $1.32. ‘ Subsequently, the wheat market continued to ascend, influenced by estimated that exporters had taken, 2,000,000 bushels or more of wheat teday for shipment to Europe and hed also acquired 1,000,000 we’ of rye. Wheat closed strong 3% 4%c net higher, December $1, rt @1.46% and May $1.51% @1.51%. Corn and oats ascended with wheat andr; There was an ac- tive trade in all grain. After open- ing at % to 14sc higher, December $1.11 to $1.11%, corn scored an additional upturn. No important reaction in corn prices was witnessed. The market closed strong, 2%c to 4%c net high- er, December $1.12% @1.12%. Oats started half cent to 1%¢ up, December 55% to 56%c and later showed about 2c gain compared with yesterday's finish. z Provisions responded readily’ to the upward swing of grain and hogs. Open High Low Close 1.42% 1.46% 1.42% 146% ~ 1.48% 1.51% 1, ts 1.51% - 1.35 1.38 1.84% 1.87% 1.13 211 1,124 1.15% 1.13 1.15% 1.16% 1413 1.16% 57% «5514 57 162 60 617% 59 59 var 14.42 14.00 14.37 14.47 14.05 14.45 14.30 13.90 14,27 12.25 12.30 12.35 12.30 12.35 14.00 13.95 14,00 14.10 13.90 14,07 13.15 13.10 13.15 and Provisions, CHICAGO, Oct. 2.—Wheat num- ber 2 red $1.49; number 2 hard $1.44 @1.45%. Corn number 2 mixed $1.444%@ 1.4413; number 2 yellow $1.15@1.16. Oats number 2 white 55% @55%c; number 3 white 53@54. Rye number 2, $1.26%. ley 90c@$1.00. imothy seed $4.75@6.35. Clover seed $16.00@26.00. Lara $14.62. Ribs $12.50.° Bellies $14.25. SUGAR ; NEW YORK, Oct. 2.—Refined sugar was unchanged at $7.15@7.50 for fine granulated with only a mod- erate inquiry reported. Refined futures were nominal. Sugar futures closed steady. proximate sales, 27,000 tons. cember, $4.04; January, $3.61; March, $3.25; May, $3.34. MONEY NEW YORK, Oct. 2.—Call money, steady; high, 2%; low, 2%; ruling Tate, 2%; closing bid, 214; offered ai 2%; last loan, 2%; call Meise against acceptances, 2; time loans, steady; mixed collateral, 20-00 days, 24%4@ 2%; 4-6 months, $@3%; prime com- mercial paper, 3%. Butter and Eggs CHICAGO, Oct, 2.—Butter higher; creamery extras 36%@37c; stand- ards 3440; extra firsts 24@35%4c; firsts 32@33c; seconds 30@31%c. Egge—Unchanged, receipts 6,210 cases. SILVER NEW YORK, Oct. 2.—Bar silver 700; Mexican dollars 53%c. Flour. MINNEAPOLIS, MINN., Oct. 2 Flour 15@200 higher. Family pai orits. $7.75@7.95. Bran $24.50@26.00. phe tcc te Flax. DULUTH, Minn., Oct. 2.-—Close: Flax—Octobor, $2.43%4; November, $2.43%; December, $2.39; May, $2.47%. ~-——-———— PHILADELPHIA—Shoe manufac- turers expect it will take some bad weather to rinduce improvement tn shoe business, Market Gas Pressure Increased. After being shut in for several months, gas pressure in the Allen Lake test well being drilled by the Laramie syndicate has increased from 310 pounds to more than 600 pounds. At this time the syndicate is getting ready to plug off water steuck in the Sundance in order to save and utilize the gaa struck in an upper sand. The well ts located on the NE of section 34-23-79. Producers Pulling Casing. Ten-inch casing js being pulled by the Producers and Refiners cor- poration from its test well No. 1 on Bailey Dome, section £2-26-89.. The well is down ut 8,350 feet. Baxter Basin Reports. Located on the SEX of section 19-17-104, Baxter Basin, about 100 feet from an old well that was drilled to 1,700 feet, the P. @ FR. has spudded in a new test. Drilling has been resumed by the Associated Oil company on its well in the SE% of ection 23-17-104. The company {s up against the ait- fleulty of drilling by a string of tools lodged in the bottom of the hole and for the past few weeks has attempted an unsuccessful fishing Job. Gas from well No. 29, section 36-18-104, completed in August by the Midwest Refining company, i* being used for camp purposés and for fuel on two fishing jobs on two other wells, Midwest well No. 6-X, section 11-17-104, has two strings of tools in the hole. As soon as these tools have been recovered a cementing Job will be required. A cementing job will also have to be done on the Midwest's well No. 11-X, section 2-17-104. This well hes been furnishing gas for fuel but now has a fishing job for a string of lost tools. The cellar has been dug and rig timbers hauled to location of the Midwest well No, 34-X, SEX of section 10-16-104. Whether or not the derrick will be erected and spud- ding done this falf, has not been determined. The Montacal Oil company has been inactive for some time and no attempt is being made to complete the wolla they hayo started. Wells of the Ohio Oil company have been shuit in. Ail companies operating in Baxter Basin at present will keep up their work ax long as possible before the necessary winter shutdown, Belle Springs Tests. Producers and Refiners well No. 1, section 1.2 » in drilling below 2,800 feet. Oy section 6-23-88, the Kasoming well, No. 1 is shut in following a plugging fob. It is expected that gas Will soon be taken from the well for fuel purposes. Well of the Utah Off Refining company is still shut down with no plans for resuming drilling being made at this time. Armstrong Well Shut Down. Tho test well of the Armstrong Oil company in Boggy Meadows, SE% of section 35-26-83, has been shut down. Buffalo Anticline Activity. It is reported that the rig has been rebuilt on Beaver Divide No. 2, section 18-27-95, and that drilling will soon be resumed there. A depth of 1,875 feet has been reached by aver Divide well No. 1. On the NE% of section 7-27-95, the VanWyo well No. 1 is down about 800 feet. Eight Mile Lake. Location for Hatfield well No. & on the Eight Mile Lake structure negr Rawlins has been made by Walter Krampert of the Kasoming Oll company. Intentions of the Hat- field Ol company are to drill the woll this winter without shutdown. ‘The company’s No. 2 well, SW of section 35-20-88, has finished a clean- ing out job. The gas-flow of this well very nearly corresponds with that fcom well No. 1, it is belleved. At Lest Soldier, Fishing for a lost string of tgols is being done by the Sand Hills Oil company in its well No. 1, section 4-26-90, Lost Soldier. Depth is 2,800 fect. Ten-inch casing is at 2,490 feet but will probably be carried to 2,680 feet. The 8-inch string is then to be landed below the first Wall Creek sand which is likely to be water bearing. The company's No. 1, section 3-26-90, is shut down at 2,270 feet with an 8-inch hole. The string of 8%-inch casing was cemented 90 foot in the middle of tho Wall Creeks and is standing full of water. An attempt is being made to loosén the 8%-inch string, but if this “is not successful the %-inch will be run through the Wall Cree« and cemented. Spudding has been completed on Bair Oil company well No. 61, sec- tion 11-26-90. Well No. 84, same section, is drilling at 1,800 feet. Mahoney Dome Reports. Not until other wells in the dis- tri¢t reach the Sundance which is thelr objective, will the Kasoming Oll company’s well No, 2-1, BE% of section 28-36-88, be abandomed. Kasoming ‘vell No. ©-2, section 24-26-88, is below 2,300 feet, and No. D-2 is below. 2,200 feet. A depth of about 2,800 feet has beon reached by the Producers and Reilners well No, 2, section 33-26-88, and is still drillir ‘The company’s No. 2 well on the NEX%, section 92-26-87, has beon spudded in. Test of the gas pressure will be mede by the Gbneral Petroleum comp: of the flow of its well on the SE% of section 82-26-87. A string of 6%4-Inch casing was run to the top of the sand and cemented. While pulling casing from fts well No, 6, section 5-25-87, the Utah Oil Refining company collapsed {ts PAGE NINE~ derrick. Ths well is beng abs « doned. . General Petroleum Drilling. Ten-inch hole is beig drilled? the General Petroleum company « G-P Dome, in its well No. 2 section 8-25-86. Present depth 2,620 feet. The company’s well N _ 1-16-D, section 18, is in 8-inch he at 3,540 feet, Business Summary. Bank of England rate unchang at 4 per cent. Kansas City Southern August in operating income $339,840 again, $442,217 in August, 1923. bi U, S. Rubber directors meet # * preferred dividend action at 3:30 * m. today. hs “Continental Gas and Electric é¢ Poratio} company, and Light company; Power and Light ‘company and L. coln Gas and Electric Light cor & pany are merged. Reorganization plan of Unite” Railways of St. Louis announced: Automobile prices tn Great ane ain. are reduced $50 to $500. ed offering of $50,000,0 . ‘ania railroad bonds will 1 made shortly, 2 Appleton Mills at Lowell, Mas have closed down and will tema closed until October 14. Shilling currency will be introdu ed in Australia on January 1 tor Place the crown. Shilling to be! sued fn silvér and paper and will 1 Worth ten thousand present crown? Rest'mes Drilling. After cementing fasing at feet in its well on the NW% ¢ section 25-16-77, Rex Lake field, ty shut off water, the Repollo Oil con . pany is again drilling. The Ohio O!l company’s thet drilling wells are in various stage of progress. Simpson Location Planned. It is believed the Simpson Ridg syndicate still plans on making, location on the Simpson Ridg’ structure north of Rawlins. It machine is on the Lincoln highwa ready to be moved. Though having trouble with eat ings, the Producers and Refiner deep test is drilling below 6,700 feet Wertz Location Made. | The Producers and Refiners co: poration has made a location on th SW% of section 17-2 Dome, section 7: while No, 3-A is drilling at 3,70 feet and No. 4 below that depth, , Of1 Summary. — Shell company of California Bring in Reis Number 11 well in Domir guez field at 4,223 fect with initia iigels ad of 4,400 barrels, ess ‘ bs ; Standard Off of Loutsiana eut gasoline two cents at service tions and one cent at Tank wago! in Louisiana, Arkansas and Tenne: Bee. Understood Vacutrm Ot! as pur chased 400 acre refinery et’e nen| Amarillo, Texas. Otldom calls attention to tact tha | Prairie Oil Gas still fs payin for only fifty per cent of of] run and is storing the balance for ac’ count of producers, charging them cents a barrel. Herald-Tribune points otit that tly new gasoline prices are below. coy of production and says leading :o! men do not expect present condit{or to last long. Tower Talk Two good scouts are C. H. Kyte of the Texas Production company and G. H. Collingwood of the Gypsy _ Oll company. Scouting is their pro fession and they're both good at it — One of the most enthusiastic mem — bers of the Casper Rod and Gun-ctut is M. T. Rathvon, superintendent ‘oi the Western States Oil and Lan¢ company. He ha# a close second! ir Harry Ward of the Utah Oil Refin ing company. These two men have | the lowdown on the wild life of Wyo ming. No subjects are so near tc their hearts as fishing and huntihg. E. J. Flynn, ass! nt to Pipe Line Superintendent G. M. Vandeveor of the Midwest, is not only competent and capable in his work, but he {fs also an ace on the plano. He pre fers, not jazz, but the most difficult class! y For the next few days there wit be a shutdown on oll prognostiga- tions. The reason will be the world series. Casper’s oil men think the Tribune is the right place for speedy returns on the games. Just ask“, A. Reed, Midwest Refining company executive,and veteran fan. He ale ways has a reserved seat right. next to the wire in Wyoming's Leading paper, -G. R. Miller of the Carter ON cot pany anc several of his friends went duck hunting today. John G. Bartram, head Midwest geologist, is in Land Foreign Exchange ~ NEW YORK, @Oct. 2.—Foreig exchanges easy; quotations in cents: Great Britain demand 446%; cables 446%; 60 day bills on banks <an: France demand 5.27%; cables) 5.68, Italy demand 4.87%; cables 4.38, Bel. gium demand 4.83; cables 4.83%. Germany demand per trillion 23%. J Holland 38.63, Norway 14,07, Sweden “> 26.58. Denmark 17.36. Switzerland 19,12. Spain 13.30. Greece 172, Po- land 19%. Czecho Slovakia Juga Slavia 1.86. Austria demand -0014%. Rumania 52%. Argentina demand 36.00. Brazil demand $10.85. Tokio 40. Montreal 99 26-32. c ——. For results uy @ Tribune Classi: fled Ad,