Casper Daily Tribune Newspaper, October 6, 1924, Page 7

Until July 1, 1925 the Midwest company will get all oil produced by the northern Colorado well of the Union Oi? company of California, providing the output does not exchéd 6,000 barrels daily. The price which the Midwest will pay for the Colorado oil for the next nine months will be $1.35 a barro! for oll of 36 degree gravity, and Hab @ barre! for oll of lower grav- These items of time and price are ineluded in the contract aeest by the Midwest with the Unjon several ago. Another provision of “the contract specifies that if water in excess of 2 per cent exists in the oll, the ofl must be dehydrated. Tt is expected that at the expira- tion of the contract Colorado fields will be sufficiently developed to al- low both the Union and Midwest - ’ Everyman’s EVERYMAN’S MARKET 5 wo fi? Nature of the Business. Tt is not an easy matter to know dust how much importance should be attached to the nature of the busi- ‘ess in which a corporation: is en- gaged when considering ite securities for investment. In a general way we know that those companies manu- facturing essential articles of every- day Mfe or selling services which ‘@veryone must have offer more con- servative opportunities for invest- ment than those whose business is connected with so-called luxuries. Take for instance, the public utility. Rae ae no doubt that we must light. and water and gas and trpntvortation no matter what the general state of trade. Moreover, the organizations supplying these Recegsaries of life in modern times have a record for stability of earn- ings which commends itself to in- vestors, At the same time there.are failures or rather misfits even in these lin: Local conditions some- work to the disadvantage of a utility and there is always more or ‘Yess_political interference. It does mot do, therefore, to assume that Imply because a corporation is a lity it is Successful. On the other hand, we have those . CLEVELAND, Oct. €.—Steel “ipperations have been slowed up here & result of confusion over the mment of the “Pittsburgh jus” rate basis. Ohio “companies have established rates at Pittsburgh, Chicago and Lorain. ; Auto Parts. \ DETROIT, Oct. 4.—Greater ac- tivity in the automobile industry is ‘shown by reports from automobile arta manufacturers. Stewart-War- mer jometer sales in September ghowed considerably greater volume ‘than in July or August. Continental car engine shedule {s near- double what it was a year ago and fl truck motor production also has been increased. Oil Machinery. KANSAS CITY, Oct. 4—A good ‘trade is reported in ofl well supplies and tanks and exports of such ma- rEithed GAMES Nain Cats EPS Sta a ot ih, ORI Ge pion Sank Bie aaa ee Eat it Late sont cS oS i teat aan . MONDAY, OCTOBER 6, 1924. MIDWEST CONTRACTS OIL FROM COLORADO ‘companies to formulate definite poll- cles for handling the “production. Arrangement has been made to ship some of the Fort Collins oll to the Mutual refinery at Florence, Colo., in exchange for Salt Creek crude, thus effecting a large saving | A' in_freights. In all probability the net return to the Union on oil 1. ships to Casper ‘will not be more than $1.10 a barrel. This oi! has a gravity of 38.9 degrees. F; Already more than 35,000 barrels are in storage awaiting completion of the Union's pipe line to the rail- road and the construction of loading racks and other storage and gather- ing facilities. Flow from the Whit- aker well is hglding up to about 800 barrels daily, flowing between six and eight-inch casings. Investment companies whose output appears to be non-essential. The trouble © is that what seems to be entirely a luxury today may tecome a neces- sity tomorrow. The automobile js a notable illustration. Fora long time the motor car manufacturers pro- tested against the term pleasure car as applied to an automobile to dis- tinguish it from a motor truck. This term has now passed out of use Everyone recognizes that modern business could no-more be carried on without the automobile than without the telephone. There is, however, this distinction in favor*of the public utility. The latter id and must be a monopoly Whereas the automobile industry is intensely competitive. This brings in another element to be appraised. It is the lack of competition which is the chief argument for public con- trol of the utility. There is no similar regulation of a business ‘where competition has full play, so that there are advantages and disad- vantages on both sides. Unless all these matters are taken into account detailed analysis of se- curities will'be work only half done. (Mr, Hughes’ eightleth article will appear in tho Casper Tribune next Wednesday.) Trade News terials to Argentine, Chile, Venezuela Cuba and Mexico have. beet heavy in -the last two weeks. 4 a Cotton. ATLANTA., Oct. 6.—State of- ficlals estimate that unmatured cot- ton in this state has been damaged 10 per cent by receht frosts. The rising’ cotton market, however, hag brought improvement in every chan- nel of trade in this section. Flour. PORTLAND, Ore., Oct. many is buying flour in fair volume in the Pacific northwest and advices from Itaiy say much American flour is ncseded there, Ou. SHREVEPORT, Oct. 6.—The daily average production of the Louisiana and Arkansas oll fields advanced in the last week to 178,608 barrels, an increase of 6,076 barrels, KOF 6, HEA UAGESFIGHT ON KUN ISSUES Speaker Advocates Edu- cational Campaign to Combat Situation. — ’ ST. LOUIS, Mo., Oct. 6.—In an ‘address before fourth degree Knights ‘of Columbus at a banquet here last “night, John H. Reddin, Denver at- torney, @ master of the 7 its of Columbus, prep: ria “we flood the country wit! y suahene arts put before the American ~the-true attitude of the Catholic faith toward society and “toward all e¢ivic questions,” that there may be “no room for the Ku Klux Klan, The Klan's attack, he said, was aimed primarily at Catholics. Archbishop John J. Glennon of the St. Louls Archdioceee voiced ap proval of the speaker's proposal urging “go out and spread the light; give al] mén the truth.” Supreme Master Reddin declared “the political parties cannot do ef- fective work in “fighting it (the Klan); they are dominated with fear of the organization. ‘What we need js another Paul Revere to travel from one end of the country to another and suppress the scandal- ous work of the Ku Klux Klan.” ————.—_ — Penny Sales On Increase —_ NEW YORK, Oct. 6.—September seles of the J. C. Penny company amounted to $6,863,244, an increase of $852,947 over September last year. For the nine months of 1924 the total af $46,581,792 was a gain of 27,655,965 gver the same period of 1923. CHICAGO, Oct, 6.—Potatoes trad- ing fair; market slightly weaker on white, about steady on early Ohios; receipts 175 cars; total U, S. ship. ments Saturday 1,101, Sunday 41; Minnesota and North Dakota sacked Red River Ohios 95c@§1.05; Minne- sota sacked land Ohlos 85c@90c; sacked round whites 90c@$1.05; Wisconsin bulk round whites 95c@ $1.05; sacked 900@$1.00; few $1.05; South Dakota sacked early Ohios @25c. DAWES LEAVES ON STRENUOUS) = SPEAKING TOUR Candidate Starts on Trip That Will Bring Him To Casper Oct. 10. CHICAGO, Oct. 6.— Charles G. Dawes, Republi- can vice presidential nomi- nee set forth today on the longest and most strenuous speaking tour he yet has un- dertaken, Leaving here on a spec fal train early today he began a trip that will take him into Wisconsin, Minnesota, Iowa, Nebraska, Wyo- ming, Kansas, Missour!l, Kentuckf, Ohio and Illinols and will last about éleven days. ‘The route to be traveled by Mr. Dawes crosses and recrosses the trial of Senator Wheeler, Senator LaFollette’s running mate. pth ted tin I cae SILVER NEW YORK, Oct. 6.—Bar silver, Mexican dollars, 54%. 6.—Ger. | Gal. International Corp 26% 80 American Locomotive -..-... 78% aM Américan Smelting and Refg. 74% +20 American T. and T. -..----- 127 Blackstone 20 American Tol 163 Chappell 09 Columbine 08 Central Pipe -----.-.. .80 Crucible Steel = Cuba Cane Sugar pfd. -...--~ Famous Players Lasky -..--- General Electric --. General Motors: ..-.-- Great Northern pfd. --. Gulf States Steel --.. Inspiration Copper wate International Harvester -..... Int. Mer, Marine pfd. .. International Paper --.------ Kelly Springfield Tire ...... Kennecott Copper Lima Locomotive -. Mack Truck -.--.--<-------- Marland Oil .-. Maxwell Motors -------.---- Middle States Of] ----------- New York Central --...-..-- Northern Pacific --... Pacific Ofl --..-. _—— Pan American Petroleum B Producers and Refiners Pure Oll ... Reading -~--. Republic Iron and Steel --.- Transcontinental Oil Union Pacific --------------- U, 8B. Ind. Alcohol ---------- United States Rul United ‘States Steel -..--.— Utah Copper -.------s-e0--= Westinghouse woes Willys Overland --.--------- Butte and Superior .----.---~ Colorado Fuel and Tron -----. National Lead --.-.-. Anglo American Oll -. 14% 15 Borne Scrymser ------ 4) 320 BUckey® ----0--000--- 56% Chesebrough Mfg. Continental. ----~++----- Crescent ------e--<---— 116 106 Old pfd. ~~... 110 Penn. Prairie 207 B. O. INd. sesereevoeeve 56 56% B. 0. Man. cocccconaes 82K 38% 8. O. Ken. 15” 116 5. QUIN. Yicccccccee 39 20% OQ. Ohlo ~--.---eeees B10 314 8. O. Ohio ptd. .----+-- 116% 117 Swan & Finch’ -——.-. 40 40% Vacuum --.------s---. ‘Washington -.-------. 5. O. Neb. -.------. Hamilton Dome - Ferris Pilot Butte Lander Legislators In Jail After Fight * CHICAGO, Oct. 6:—State Senator! John Joyce and State Répresenta- tive Lawrence J. O’Brien were ar- retted and taken to @ police station early today after a fight with a dozen policemen. The policemen sought to arrest the legislators for speeding. as The legislators were said to have beaten and kickéd the policemen who first tried to arrest them and rein- forcements were summoned. ‘The fight attracted a crowd of mo- torists. After being placed in a céll the logislators continued their belliger- ency by making kindling of the benches. ——_—_- “David Copperfield” was Dicken’s own favorite among his novels. 3 2 : i H i i ‘ : 9 H a 14 ; gi iat ‘| wel@ht ste : Stocks SECURITIES Cae Bid Ask 15 25 or 02 Consolidated (Royalty. 1.14 Cow Gulch - 7 Frents -. E. T. Wiltiams --...- .25 Fargo -. 05 Gates -.------. +10 Jupiter — +05 Kinney Coastal --...- .0T Lance Creek Royalty . .01 Marine -~. 3.00 Mike Henry ---.----- 00% Mountain & Gulf ~~ 1.40 New York Ott Picardy Preston Red Bank es Royalty & Producers. OF 05 Sunset -------. 06% .07% Tom Bell Royalty 04 Western Exploration... 3.00 Western States -. 10 Al WyoKans 2 100 Y on 05 06 NEW CURB CLOSING. Mountain Producers ~ 19.25 19.50 Glenrock Oil -.. 15 Salt Creek Prds. 26.25 7.75 Now York Ob -._--. 9.00 Ohio Oil -.---------_ 58.50 Prairie Oll_--.--_--_ 209.00 Mutual ga ET 8. O. Indiana 2.1.12. 56.12 LIVESTOCK CHICAGO, Oct. 6.—(U. S. Depart- ment of Agriculture.)—Hogs—Re- ceipts, 33,000; steady to 10c higher; desirable medium weight and pack- ing sows show full advance; under. Weight slow; Weht demand; top, $11.45; bulk packing sows, $9.75@ 10.00; heavyweight hogs, $10.85@ 11.35; medium, $11.10@11.45; light, $9.90@11.40; light light, $9.00@11.25. Cattle—Receipts, 30,000; yearlings, desirable hanay weight stcers and chotee weighty kind, steady; in-be- tween gr: weighty steers, weak to 25¢ lower; Uheral proportion fed steers run comprising medium to good steers averaging 1,150 pounds upward; best yearlings and handy weight early, $11.25; matured steers, $10.75; few loads big weight offer- 0,60; choice yearlings stockers and feeders dealers taking hold well bred offer- Ings, $5.00@7.00; grass cows and heifers tending lower; fed weight beef heifers, firm. Sheep—Receipts, 23,000;* active; fat native lambs, feady to 25c Mgher; sorting ight; bulk, $13.00@ 13.50; range lambs, around stes4v: early sales good rangers, $15.10@ 13.85; best held above $13.75; sheep and feeding lambs, steady; fat ewes, $5.C0@6.50; early sales feeding lambs, $12.75@13.00; short mouth breeding ewes, $7.00. to shippgs steady tq 10c ; others and packing grades slow; steady to weak; bulk 190 to 260 pound butchers §10.40@§$10.60; top 10.65; desirable 160 to 190 pound weights $10.25@$10.40; strong weight butchers mostly $10.25@$10.45; bulk packing sows $9.75@$10.00; smooth grades up to $10.15; bulk of $9.75@$10.50; average cost Saturday $10.02; weight 267. Cattle—Receipts 25,000; fed steers {and yearlings comparatively scarce; trading slow, generally steady; early sales mostly $9.50@$10.05; long year- linge $11.25; some choice medium held higher; grass cows and heifers weak to 10c and 6c lower; bologna bulls 10@lic lower; veals slow, bidding about steady; stockers and feeders slow; better grades steady to strong; others slow, weak; bulk grass cows and heifers $3.15@%5.25; canners and cut- ters $2.25@88.00; bologna bulls $3.00 @$3.40; early sales stockers and feeders $5.75@$7.50. Sheep—Receipts 21,000; lambs weak to 25c lower; early sales westerns $13.50, some held higher; natives 12. fed clipped $11.50@ p steady; early sales fat 0@$6.00; feeders around choice western feeding lambs upward to 12.90; feeding ewes 3.50@$5.50; breeding ewes full mouth upward to $7.25. DENVER, Colo., Oct. 6,—Hogs— 1,000% strong to 25c higher; top, $11.15 for®choice 200 pound averages; few head, $11.25; others, $10.50 to $11.00; packing sows steady; $7.75 to $8.00; fat pigs, $8.25 to $8.50. 12,500; calves, $6.50; kill. steady to strong; good and choice vealers, $7.50 to $8.50; stockers and foeders, steady to weak; s¢voral loads feeders, $7.00 to $7.25; other classes around steady. Sheep—39,600; fat lambs active, steady; fiva loads, $13.25. freight ; others, $23.00 to $13.15 flat; sheep, steady to 25c higher; feeder lambs, slow, no early sales. —_—_——— CHICAGO, Oct. 6.—Butter changed; creamery extras, standards, 34%c; extra firsts, 36%; firsts, 32144 34c; second: @31%e, Eggt—Unchanged; receipts, 10,980 cases; firsts, 36@4ic; ordinary firsts, 82.@35c, un —_—_>_—_ NEW YORK—Velvet pum# with small tailored bows, are among the new ideas for autumn evening and street wear. It requires 65 muscles of the face to form a frown and 13 to sniile. 4 Grain AND QUOTATIONS B¥ LEASED V STOCK PRIGES WHEAT.GOES TO MOVE UPWARD} HIGHER LEVELS Prices Start Higher After Early Irregularity In Wall Street MARKET STOCK Stock prices moved irregularly higher at the opening of today’s market with most of ‘the standard rails and industrials showing only nominal changes on initial sales, American tobacco advanced 2 points and Union Tank car 1%, while Unit- ed Fruit fell back one. Several of the western rails improved frac- tionally although Missourt Pacific preferred lost % on tho first sale. Prices started to swing upward after the early period of irregularity with heavy buying of American Can which moved up 1% points. Lacka- wanna raflroad advanced two points and American Tobacco B,’ General Electric, St. Louis Southwestern, preferred, Remington Typewriter common, and Second preferred and General Motors 7 per cent sold a point or more above Saturday's clos- Ing quotations, American Ice was one of the few weak spots, dropping 2 points. Foreign exchanges open- ed steady. Indications that negotiations for the German loan will be completed next week and the belief of many speculators that its offering will be Preceded by ‘a strong stock market probably accounted for the rather extensive buying of stocks in which a large short interest is supposed to exist. Buying, in general was of a more selective character than that in some recent seustons with inter- est In specttities confined to those in which the pools are believed to be operating. American Sugar Refin- ing, Corn Products, Utah Copper and Republic Steel moved up 1 to 2% points. See SUMMARY OF NIGHT NEWS o4d SUMP Pea “P28 soz eng udv9—O- ‘GNVIGARIO speed races at Dayton, Ohio Sat- urday, plunged to death in a plane worn out two years ago, Glenn L, Martin, Cleveland aircraft manufac- Nght’ turer said. i OKLAHOMA CITY, Okla.—A com- mittee from the 55 men indicted by n-federal grand Jury for alleged vio- lation of the packers and stock. yords act, issued a statement declar- ing the legal action was an “attempt to swing Oklahoma into the Repub- lican ranks.’”* BERLIN—Prolonged cheering in- terrupted a reference by Paul Loeb, former president of the reichstag, to the late Woodrow Wilson as “the father of the League ‘of Nations,” at a memorial for the war dead held in the reichetag butiding under the auspices of the world peace congress: BOISE, Idaho—Idaho women are not competent under the state law to act as jurors, the state supreme court decided Gaturday. CHICAGO—Presidents of five western railways in a statement de- nounced what they termed “reskless misrepresentation of railway mat- the ters in LaFollette-Wheeler campaign . HONG KONG—Canton advices sald twenty Chinese policemen there roughly handled and imprisoned Mrs. Harvey Decker, American and wife of the manager of the Canton City Transportation company. Her release was obtained by the Amert- can consul, EL PASO—A special agent of President Obregon closed the inter- national bridge to Juarez three hours early and entrapped several hundred Americans on the Mexican side. DETROIT—Grennan Cakes of De- troit regained the world’s amateur championship at baseball by defeat- ing Roxbury of Johnstown, Pennsyl- vania, 11-0, and 5-3 in the national baseban féderation tournament. NEW YORK—Christy Mathewson, former New York’ Giants ingen d ido!, announced selection of o all- American baseball team: pitcher; Bassler, catcher; Fournier first; Horn: cond; Frisch third; Bancroft, shortstop, and Ruth, Rousch and Falk outfielders. CALEXI Calif—Barney’ Old- field was released under $500 bail after he was charged with driving 87 miles an hour while intoxicated, CHICAGO— McGraw, mana- ger of the New York Giants, assured the Chicago White Sox the world four was “on.” Fire Fighting Is On In Many States State Fire Prevention asséclations operating in 19 entral ‘western states during the sdason of 1923-24 conducted 63 town inspections, crit+ lcized 13,000 defective risk», address- ed a quarter of a million schoo! chil- dren and 40,000 adults. In thoir fol- lowup work they report 66 per cent voluntary compliance with thelr rec ommendations. It seems logical that such efforts must have preventéd & more serious loss of life and prop- erty. The associations are made up of fire insuranée stock company field men who voluntarily give a portion of their time to fire prevention work. Rush of Buying Causes Grains to Soar In Mar- kets Today CHICAGO, Oct. 6.—In a new rush of buying, all deliveries of wheat and rye soared today to the highest pric- es yet this season. Unfavorable weather In Canada and Argentina was the principal immeiate motive for purchasing, In Canada too much moisture was reported and in Argentina too little. Wheat opening prices, which var- Jed from 1% to 414s higher with De- cember $1.50 to $1.511%4 and May $1.55 to $1.57 were followed by rapid fluctuations covering a range of about 3 cents, and averaging about 2 cents over Saturday's finish. Other cereals gathered strength from wheat. After opening at %c lower to Sic up, December $1.11% to $1.12%, the corn market scored material gains all around. Oats started Sc to 1%c higher, December 58% to 58%, and contin- ued to hald most of the advance. Provisions were firmer, reflecting upturns in grain and in hog values. WOOL CLIPS SOLD HERE Through the agency of the Nat- {onal Wool Warehouse and Storage company of Chicago, the Pine Moun- tain Shsep company of Casper has disposed of two cilps of wool, receiv: fag at eastern mills a delivery price of 48 cents a pound, equal to a net return at Casper or a little more than 42 cents. J. F. Crawford, presi: dent of the sheep company, declares the price to be very satisfactory. —_>_--— ERE and THERE ‘We ‘have put one more consumer of meats, taters and-pants on our payroll by adding a Rubber Stamp Department und Copper Plate Print- ing Department. This work for- merly went to Denver. Your patronage solicited, Hoffhine Print- ing and Stationery Co., 249 Wast Second. Phone 1570.—Ady. Must vacate—lease expires Octo- ber 15—closing out entire stock. Kline's Gift Shop, 185 South Center St.—Ady. See the Bee Vac Electric Cleaner. It's a dandy. On display at the Cas- per Electric Co., 119 E. First. Phone 1993J.—Adv. Gun metal chiffon silk hose at the Casper Dry Goods, $1.85 pair.— Ady. You'll like the variety of the Spe- celal Sélected Combination Dinner at the Townsend Hote!.—Adv, Ask for a demonstration of the Bee Vac Electric Cleaner, Casper Blectric Co., 123% S. Center. Phone 1319M.—Adyv. Expert watch and tewelry repair ing. Cesper Jewelry Co,, 0-5 Bldg. Must vacate—lease expires Octo- ber 15--closing out entire stock. Kline's Gift Shop, 135 South Center St.—Ady. Don't walt. See the Bee Vac Elec: tric Cleaner today. Casper Electric Co., 123% §. Center, Phone 1319M. Ady. Say it with a ibber Stamp, for instance, “Past*Due Please Remit." We make your Rubber Stamps right here in. Casper. No more mail ordering out of town. Hoffhine's, 240 East Second. Phone 1570 for a salesman,—Ady, B. Moe of Scandia, Kan., was an out of town arrival here Saturday. Must vacate—leaso expires Octor ber 15—closing out entire stock. Klin Gift Shop, 135 South Center St.—Adv. Try the Special Selected Combi- nation Dinner at the Townsend. — Ady. ncekere Circular letters and typing of all descriptions. The Letter Shoppe, Townsend Hotel.—Adv, SERVICES AT CHURCH END With every seat occupied by thor oughly interested auditors, the series of revival meetings at the First Christian chureh ended lost night with perhaps the most in- sptrational address given by Evan: gelist A..G, Smith during his two weeks in Casper. Converts to Protestant christianity during the revival have totalled 23. Rey, R. RN, Hildebrand, pastor of the First Christian church expressed himself today as great) with the results of the efforts here of Dr. Smith who, he declares, has stirred up considerable interest in religion tn this city Very @ attention w paid to the ial end of the revivals, but a week ago Sunday tho matter was placed before the congregation and in 10 minutes $600 was raiked Of this amount $135 still remains and wi'l go into the treasury of the church, Livestock :: All Markets ————————— Grain and Stock Opinions From | Brokerage Wire | treet Journal speaks fav F operating outlook of In ation copper and of market pros: pects of the stock. American 8 the volume of bus- iness at present ts far better than generally understood. Herald-Tribune saya developments at home and abroad justify optimis tic expectations in spite of spotty conditions in certain Itn Journal of Commerce sa: the tn- fluence of politics on the stock mar- ket is growing smaller and belief is general that outcome cannot change fundamental conditions. Times anticipates that develop- ments during the next month will clarify economfe outlook; and make trade trends more apparent. Times says that the gloom which generally accompanies a downward movement in stocks is thick in Wall street and that bullish interests aro not at all assertive. Daily trade Service says that ‘i stock prices go much higher they will be overdiscounting the business Prospect, but admits thet a further rise is “quite possible. CHICAGO, Oct. 6.—The public, professionats, foreigners and ex- ‘8 are all buying in the wheat t. They all look for higher Foreigners are anticlpating their requirement to such an extent that it {s possible they may become overbought for some months. That has happened in other years. Mill ers are buying Wheat in the north west and farmers in Western Can- ada are selling their cash wheat and buying May. The corn market is without a bal- ance wheel. The government re- port fs due Thursday. Oats are the cheapest grains. of the Grain Opinions. STEIN ALSTDIN.—Look for ad- vancing markets and strongly urge purchases on reactions, HULBURD Warren.—Continue to recommend purchase of wheat on setbacks, corn and oats and rye also seem destined for Righer levels. BARTLETT FRAZIER.—We still believe Indicatively higher levels for wheat. Corn, oats also look higher, THOMSON and MCKINNON.— The European situation is very bull: ish On Wheat, OatS are still cheap. HARRIS WINTHROP.—The gen: eral news is the great factor in wheat. Corn continues to guther it's strength from wheat. We continue to look for higher prices. Stock Opinions PAYNE WEBBER—We continue to look for higher prices and favor Purchases of active stocks on all moderate recessions. HUTTON.—A further decline is probable which should be followed by & moderate rally on which {t would appear wise to tell where profits can be secured. NOYES AND JACKSON.--We do not anticipate a bad break but fur: ther irregularity for 4 few days may be expected. CLARK CHILDS.—Oil issues may be expected any day to regain promi- nence in the market, HORNBLOWER AND WEPKS.— We consider it unlikely that an ex- tended decline will develop this month rather a period of sharp re- actions and equally sharp rallies should be witnessed unless previous levels of support are broken. BLOCK MALONEY. ~ When stocks get dull on the decline you can buy the best issues for ¢turns. It will continue a trading market for a time until the outlook is better defined: PYNCHON AND CO.-~We sug: gested that only trading commit. ments be entered {nto until the mar. ket has had ample opportunity to absorb the current selling wave. MILLER AND CO.—The markets setback im largely technical. In- herently, it {s still in a sound posi tion and carries good opportunities in those seasoned issues that are selling below actual values, MANISHURT IN TURNOVER ON HIGHWAY Tom Sambell suffered minor in- juries yesterday afternoon when the ¢losed car he was 4 over on the {alt Cre: miles out of Hed over several times. o car Was almost a total wreck but Sambell’s injuries though painful were not serious Several stitches were taken in his scalp. a Rubber Hose Used On School Children Causes Commotion WHITE PLAINS, N. ¥., Oct. 6.— A compromise has been reached in a controversy over the right of Howard L, Holden, principal of Elmsford school, to chastise dis- obedient pupils with a rubber hose, He had threatened to rseign if use rubber hose was forbidden. is now agreed that he may thrash pupils provided their parents furnish him with written permis: sion Parents who object will be re- quired to punish unruly children at home. ee tg LONDON—Some of the fur and leather dog collars worn today by women who like novelty are getting very clone the original model The collars even have silver name plates now. PAGE SEVEN. INDIAN. RAGE: ON INGREAS| LAST YEA Gain of 2,619 Is Show § By Census Figures for Various Tribes. WASHINGTON, Oct, 6. — T% country’s Indian population increas ed 2,619 in the past year and noy totals 346,962 it is shown In a tat § ulation made public today by th Indian bureau. Oklahoma «tit! leads the state with 119,239 Indians and next in or der with more than §,000 each ar: 1 42,841; South Dakota 23 ew Mexico 20.834; Californi: Minnesota 13,920; Montani Washington 264; Nort! 11.949; Wiseonsin 11,236 7,681; Nevada 6,157; Nev rth Dakota 9,818; anc Carolina Michigan York 6,135 Oregon 6.692 The figures do not include som: sixty thousand Indians who hav surrendered their tribal identity anc are counted,in the general popula tion, Market Gossip Oil Summary August gasoline consumption war 819,467,657 gallons, increase 29,801, 203 over July previous high record Gasoline stocks at refineries Sep: tember 1, were 1,811,020,845 gallons decrease 159,902,356 from previous month. Standard Oi! of California bulletin says at moment there appears to be more than enough oil to meet re quirements of country but olf indu try knows that this is a passing con- dition and that sooner or later un- less new fields are discovered there will not be sufficient oll to meet all demands; It is an obligation of the oil industry to see to it that there will be in future no cé&sation In gen- eral industry due to lack of oll; hence, constant search for new fields of oll not only in United States but in every quarter:of the world. Magnolia. Pete. meets crude oll prices posted by Prairie O11 and Gas in Oklahoma, Kansas and Texas. Venzuelian Oil Concessions com- pany production for five weeks end- ed September 27 was 27,000 tons. Ollidom says crude oil production is now belleved to be at peak and from now on @ decline should be ex- pected. Officially stated that Cosden and company will not need to do any financing in connection with aquisition of Taxman refinery, ——$—$—< SUGAR ‘ NEW YORK, Oct. 6.—No ¢hanges occured in refinéd sugar prices which ranged from $7.15 to $7.60 for fine granulated. Only moderate in- quiry was reported. Refined futures were nominal, Tower Talk This week's report on brand new babies born in Salt Creek shows a total of five—one girl and four boys. Two of the boys and the girl came into the world on the same day. J. L. Brown, of Salt Creek, sen- jor member of the firm of Brown and Metevier, contractors drilling the Colorado Producers well on sec- tion 8-9-68, Colorado, was a vititor in Fort Collins Saturdgy. He said the Larimer county fleld looked mighty good to him, reminding him very much of Salt Creek in its ear- er stages, $ Haye you been out to the new Cas- per test well south of the Country club? A. J. Carroll, Jr., atiditor for the Midwest Refining company, is in’ Casper from Denver today. ‘Next came Miss Wyoming; Doro- Logan, one of the smallest of thé jeeusex, The Indian color of scar- and orange cast a lovely glow th lot over the float where this dark haire ed prin sat In regal state gown- ed in turquois blue with @ train of green. Wyoming did itself proud and the crowd that lined the street was auick to give a generous measure of applause to the little princess of the big state.” (From Tulse World, in a story telling of parade of oil state princesses before 60,000 at the International Petroleum exposition now golng on at Tu R. 8, Eliison, vice president and A, L. Peake, general production manager, of the Midwest Refining company, are leaving tonight for an Inspection of Colorado oi} fields. Willlam Edwards, chief engineer of the Producers and Refiners cor+ poration, has returned from a two- weeks’ business trip through the state, visiting various fields in which his company {s operating WYOMING MAP AND BLUE PRINT CO. Geologists, Petroleum Engineers Drafting, Blueprinting, Maps, Photocopying All work confident the | weer res eonrmnwwewwss I wwe wey —