Casper Daily Tribune Newspaper, October 14, 1924, Page 7

»nds _ OIL SEEPAGE FROM NEW WELL GROWING|K= Gas to Be Used Under Boilers for New Drilling] Amen On Fort Collins Dome Instead of Piping Gas From Wellington. FORT COLLINS, Colo., Oct. 14.— Oll seepage at the Whitaker well is now estimated at 570 barrels al & Dye ... ‘Can Car & American Smelting & Rrg. -. American Sugar .--—....-.. American Tel and Tel. tank farm on the Fort Collins dome. Lyman Clark, field superintendent here for the Union of California, and Sam Grinsfelder, second geologist, who attended the cil congress at Ty ‘sa last week, are now inspecting the company's New Mexico property at Vermijo Park. Seperators have been installed at the Whitaker well to seperate the oil from the gas. And it is said that gas from the Whitaker oil! well will be used under boilers on the Fort Collins dome instead of piping gas from the Wellington Dome. The company has a force of men at work on loading racks on the Colorado and Southern, three miles east of the Whitaker well. an ofl pipe lifie to that point is progressing rapidly. German Loan Success Is Seen; Money Will Find Way Back Into Industry By J. C. ROYLE. (Copyright, 1924, Casper Tribune) NEW YORK, Oct. 1 men loan undoubtedly will be one of the important business factors of the coming week. of the nation have been thovoughly sounded out by the bond houses and investment bankers handling the is- fue. There is no doubt whatever as to the success of the lomn. ‘fo with a rush and probably will reach the enormous total of $1,000,000,000 or 10 the amount of the loan. vestment bankers, to turn an honest penny, have been busy determining ‘‘what the traffic Swill bear” before making anngunce- ment of the offering — price. bonds will be sold under original subscription to yield 7% per cent. There seems little doubt that the opening and closing of the Ks for subscriptions will be no more Ps . Investment. “houses all over the country have ignified their willingness to take jon. sufficient allotments to assure this and each house in turn prob- Will have little difficulty ‘distributing them to Mmdividual 4n+ So confident of this w . many traders that the first quota- ‘tion onthe bonds “when, as and if issued" 1s expected to be made on the New York promptly’at the opening of the mar+ ket Tuestlay and is also expected to show a premium over Bethlehem Steel --.---.—--- California Petroleum -------- Canadian Pacifio --—-——- Central Leather +-.-—-—.-. Cerro de Pasco ~---.+-—------ Chandler Motors ~«——---..-— Chesapeake and Ohio +---—- Chicago and Northwestern -- Chicago Mil. and St. Paul pfa Chicago, R. I. @ Pao. ..----- Chile Copper --.--..+-..----- Coco Cola -----. Colorado Fue! and Iron -... Congoleum .---------—-~---- Consolidated Gas Corn Products new «....-.— Cosden Ol! ~..-.-++.--.+----- Crpcible Steel --...-—-—.- Cuba Cane Sugar pfd. ..-—- Davison Chemical ~..-.—~-- Du Pont de Nemours «.-._ After resuming Union Oll company of. California rotary well on the Scott lease, fol- lowing a cement jot ‘Was twisted off and the crew is busy now with a difficult fishing job. The Douglas Lake well of the com pany ie making little headway. Thi ctew has been working on the boilers and drilling is not being arrival of equip- ment to cap the well in anticipation of developments within the next 200 drilling in the @ drill collar pushed pénding The trench for Two 6,000 barrel tanks have been ordered from Kansas City for the Famous Players Lasky -.—- General Asphalt -.---—.-- General Hlectric ‘~. éral Motors -s.. Great Northern pfa@. --....-. Gulf States Steel —.-—..--.-- Houston Oil --......--+-.---- Tiinols Central International Marine pfd, -.....-- & Tel. ....--.---. What consummation of the loan will establish principally is Germany has up her industrial and It is generally be- lieved that Germany has not stood That country today is overrun with chemists, engineers and masters of other branches of Kelly Springfiel@ Tire +..... Kennecott Copper ---..------ Louistille and Nashville Mack Truck, Marland Oil Maxwell Motors A --. Middle States Ol) --. Missouri ,Kan. and Texas =. Miss6url Pacific, pftd. -. National Lead «. New Orleans, Texas an New York Central .-.. N. Y., N. H., Hartford -. Norfolk and Western -.. Nofthern Pacific ‘The investors | still since 1918. ‘The army has practically been closed as a careere to young Ger- thans of good birth. have been educated in the sciences of industry which have always held a high place ih the German social There have not been mough jobs for these young men. majority have turned to individual investigation of subsériptions Instead, they aturally anxious Consequently, Pan Américan Petroleum B Pennsylvania ~~. /Producers and Refiners -... Pure Oil ---+-.--. families have been content to have them so engaged, even without re. muneration, to keep them in the favored social class, What these men have developed dr originated in industrial are facts Which many American manufacturers would be These manufacturers real- that this country, in alding to rehabilitate Germany, Reading --.--------. Repubiic Iron and Si not only is another market for raw materials but is raising up a com: petitor for,American goods in world Sloss: Sheffield Steel & Ire Southern Rallway ---. Southern Railway pfd. Standard Oil of Cal Standard Oja of N. J. Studebaker Corporation -. is generally belleved among American engineers that the most striking developments of the Ger- been along the| Texas and Pacifi Tobacco Products .-------. Transcontinental Oil ---.---- Union Pacific --—------------ United Drug ---.--~---.----- U. 8. Cast Iron Pipe U, 8, Ind. Alcohol United States Rubber United States Steel ------—- Utah Copper -. Westinghouse Blectric -+- Willys Overland ~-.. — Anglo Américan ON .. Borne Scrymser ------ ing of greater energy from an equal amount of fuel and in transmission and use of power from electrical and gas engine sources. Germany has not shown her hand as yet, since the announdement of vantage in fields might have prejudiced con- summation of the loan.or made its terms less advantageous. loan placed, however, the need for concealmént will be obvias The ight in which German dustrial efficiency is regerdad can be readily estimated from the fact that investors show no doubt about. the ability of Germany to repay this pending loan. And payment can come only from the success of German enterprise. BUSINESS BRIEFS NEW ORLEANS—Pxports and imports through this creased over $1,600,000, compared with last year, As a result of the shipment of five million bushels of the congestion at this ter- minal has been somewhat relieved but frieght room for cotton still is bas real, test of the issue, how- aver, will cbme not from such specu: lative dealings but from the way the bonds behave after the initial flurry fs over and the immediate market support incident to oversubscription is withdrawn. ‘The placing of this Joan means far more to business and industry in than the mere in- ‘vestment of around $100,000,000. On its face the investment of this sum Would indicate withdrawal of the money from commercial and indus- trial use in this country. “tain, however, that this money even- tually will find its way back into the pockets of the United Stat Crescent 4-----+--<---—— Gal. Sig. Com. -----.-- Gal. Sig. Old pfd, ------ Gal. Sig. New pfd. -..- Illinols Pipe --.-----.. Indiana Pipe ~--.----.- National Transit ---.-. New York Trangit -..- Northern Pipe ~----... (Copyright, 1924, Casper, Tribune) ATLANTA+Newspaper ing which merchants say !s-a fine " “indicator of general business condl- tions, # running far ahead of the valume of last year. editions of leading papers have been ifiereased to between 30 and 48 . Retail’ sales of women’s ap- have taken a remarkable spurt in the last two weeks. Jobbers re port a firmer market in rure! conv munities although the latest break inethe price of cotton has dimin+ {shed the flow of monoy from farm- ers ta stores to a certain extent. Regular daily Penn. Mex. ----------- Praitie Oll s---------- Solar Refg. ---------.- So. Pipe ..-+---------~ So. Penn Uil ~~... 6. W. Penn Oi] ----.... 6. O, Ind. ~--------.--. Foreign Exchange NEW YORK, Oct. 14.—Foreign cents: Great Britain, demand, 440! ~ DULUTH—Grain shipments from the northwest again are coming to this market in full volume since the embargo by local railroads has been |. The elevators now are hand- Ung thelr full capacity of 1,400 cars For a time before the em- Dargo, 1,900 cars a day on the aver- age were rece! ATLANTA—Inventor! {ng taken ail along the A’ miftgham and Atlantic railroad and persistent rumors are in circulation that the road, which is in the hands of @ rédeiver, is to be sold. Swan & Finch --.---.. demand (per trillion), | vacuum ow. Holland, 39.19; Norway, 14.22; Switzerland, 1.74; Poland, .19%; Cee! Slovakia, 2.98%; Jugo Slavia, 1.4 -0014%; Rumania, Argentina, 36.87; Brazil, 11.25; Tokio, 32; Montreal, 99 81-32. MONEY NEW YORK, Greybull --.-------------.---- Torchlight ----------.----..--. Elk Basin .. Rock Creek POTATOES ruling rate, 2%; closing bid, 8; of- fered at 3%; last loan, 3; call loans against acceptances, mixed collateral, 214@3; 4-6 months, $34@8%; prime commereial paper, 3%. SILVER NEW YORK, Oct. 14.—Bar silver, .. we; Mexican dollars 6440, 14. — Potatoes, slightly stronger on Ohios, dull on white; receipts, 126 cars; total U. 8. Big Muddy .. 2; time loan: Oreck rr Mule Hamilton Dome -. Minnesota and ‘orth ‘Dakota sacked Red River Ohiés, $1.00@1.10; Minnesota sacked round whit Baoke@ round whites, 70@85¢; few fancy, 90¢; Minnesota and Wiscon round whites, Colorado sacked Peopl pts, 936 car: Vegetarians are men who smoke the ¢igars of today, IL SECURITIES Wien Cranmer & 60. Blackstone Salt Creel ~ Chappell Central Pipe -...----- Consolidated Royalty.. 1.16 Cow Gulch --.------- 06 4 | Domino ~----------.___ 08 Bikhorn ~.-.----.---- 04 Frants -. Kinney Coastal -.---. Lance Creek Royalty_. Barina Mike Henry ---. - Mountain & Gulf .... 1.35 New York Ol] ~-.----10.00 Royalty & Producers Sunset --..-.-. Tom Bel! Royalty Western Exploratio: Western States ~----- WyoKans 06 NEW YORK’ CURB CLOSING Bid Asked Mountain Producers 19,25 125 26.00 8.00 New York Ob —..--.. Prairie Ol ...--.--- Mutual . 8. O. Ind Chicago Prices, CHICAGO, Oct. 14.—( ment” of Agriculture). celpts, 23,000; uneven; mostly 10¢ to 20¢ lower; desirable weighty but- chers and smooth packing sows, 10c to 1c off; light weight, 25¢ to 35¢ lower; light light and killing pigs, show 25@50e reduction; over supply; top, $11.60; bulk desirable 200 to 350-pound butchers, $11.25@11.50 majority” good and chotce 160 to 190. pound weight, $10.40@11.15; bulk better 140 to 150-pound selection, $9.35@10.10; desirable strong weight laughter pigs, largely $8,50@8. heavyweight hogs, —$11.00@ 11,60 medium $11.00@11.60; light, $10.00 @11.40; light lights, $8.00@10.05; packing hogs smooth, §10.35@1)7 packing hogs rough, $10.00@10.35; slaughter pigs, $8.00@9.00. Cattle.—Receipts, 8,00 better grades fed st@rs and yearlings, fully steady; others and western grassers slow; killing quality gen- erally plain; IMberal suuply grassy and short fed steers eligible to $7.00 to $9.25; best long yearlings, $12.40: handy welght, upward to $12.00; $10.90 bid on weighty steers; ~ few loads showing high finish, ' $10.75 downward; run includes about 2,500 Western grassers; bulk range steers early to killers and feeders; veals, $6.00@6.75; plainer kind downward to $5.50 or below; she stock run principally grass kind; trade heavy, dull: bulk grass cows, §3.50@4.75; helfers, $4.25@5.50; few choice fed heifers upward to $10.00 and above most bologna bulls, $3.75@4.15 $4.25 and better; vealers uneven; largely steady; bulk to packers, $10.00@10,50; shippers selecting up- ward to $11.00 and above. Sheep—Receipts, 17,000; dull; few early sales fat native lambs, weak; sorting moderate; early sales, $13.25 @13.40; culls mostly, $10.00; no ac- tion on rangers; talking around 250 lower; best held at $13.75;-sheep and feeding lambs steady; fat ewes, $5.00 @7.00; feeding lambs, $12.50@13.00; feeder yearling wethers, $9.50. Omaha Quotations. OMAHA, Oct. 14.—(U. S. Depart- ment of Agriculture.}—Hogs—Re- celpts, 7,500; mostly 25c¢ lower; clos- ing wenk at the decline; bulk better grade 160 to 350 pound weight, $39.60@10.75; top, $10.85; desirable 150 to 180 pound averages, $10.25@ 10.40; plainer grades, dull, down- ward to $9.00; packing sows, largely $10.25@10.35; smooth sows, up to $10.60; bulk of 8, $10.50@10.75; average cost Monday, $10.65; weight, 262. Cattle—Recefots, 32,000; fed year- lings and medium weight steers, ac- tive, strong to 10@15c higher; Wwelghty steers, slow; six loads long yearlings, $11.80; several londs year- lings and medium weight steers, $10.65 @11.40; bulk, $9.50@11.00; grass cows and heifers, slow, weak to 10@15e lower; bologna bulls, weak; veals, slow, steady; stockers feeders, slow; early sales, spots strong on good Ught steers; bulk grass cows and heifers, $3.00@5.2 canners and cutters, ; bologna bulls, $3.25@ stockers and feeders, largely S@7.25; Ught feeders, $7.75; fleshy feeders held higher. Sheep—Receipts, 17,500; all classes steady; bulk fat range $13.95@18.95; natives, $12.75 clipped, *$11.25@11.40; best yearlings, $9.00; wethers, $7.00; fat ewes, $6.00; feeding Iambs, up- "ward to $12. feeding ewes, $4.50 @5.75; full mouth breeding ewes, mostly $6.00@7.00. Denver Prices. DENVER, Colo., Oct. 14.—(U. 8. Department of Agriculture.)—Hogs —Recelpts, 1,000; bulk of run still back; few early sales drive-ins, steady at $10.50 to $21.00, Cattle — Receipts, 20) calves, 100; canners and cutters, fairly ac: tive; other classes, slow; fat she stock, stefidy to weak; most bids lowe? on better grades cows; other Stocks :: Grain AND QUOTATIONS B¥ LEASED .|out the forenoon, STOCKS TIKE SHARP SLUMP Heavy Selling Marks Trad- ing on New York Ex- change Today NEW YORK, Oct. 14.—Profes- sional bear traders suceaeded in bringing about a sharp reaction in today’s stock market despite the re= bankers in the sale of America’s portion of the $200,000,000 German loan. The rapidity of the decline re- sulted in heavy liquidation by frightened investors and the closing out of many weekly-margined ac- counts. Sales approximated 1,100,- 000 shares, NEW YORK, Oct. 14.—Price move- ments lacked a definite trend at the opening of todays’ stock market. Woolworth, DuPont and Loose Wiles Biscuit each dropped a paint on in- {tial eales and Ba'dwin advanced 1% The first eales of United States Stesl common was 1,000 shares at 107 unchanged Continued irregularity took place throughout the early trading daspite the indicated heavy oversugscrip- tion of America’s $110,000,000 por- tion of the $200,000,000 German loan. Chief interest centered in the spe- cialties. National Surety sold six points above its previous eale at 172, a new top; Youngstown Stect and Tube advance 2. Commercial Solvents B, 1% and Savage Arms 1. U. S. Cast Iron Pipe dropped 2 points and General Electric 11. The market turned heavy around the end of the first half hour, U. S, Steel sagging to 106% and sevéral other popular industrials and rails yielding to selling pressure, Foreign ex- changes opened firm. Disregarding current favorable business and credit conditions the market continued to react through- Prices in all seo- tions of the list fell back sharply as bear operators extended their ac- tivit perceiving that large inter- ests were neglecting the market in their operations to insure the suo- cess of the Cerman loan. Many speculative shares iost one to three points, witli steel, motor, tobacco, public utility and rail issues under heavy pressure. American. Water Works declined 2% points and Wool- worth, Baldwin, General Electric nad Lackawanna 2 points or more. Sinclair Oil preferred dipped to 75, a new f924 low. Call money ro- newed at 2% per cent. With the active trading element apparently favoring the short side of the market, losses were consider- ably extended in the afternoon. Baldwin and American Can. were the wenkest of the pivotal indus- trials, falling 2% to 3% points re- spectively. Roads involved in the projected new railroad groupings were among the Weakest issues, New York Central yielding 2% points, Lackawanna 3% and Dela. ware and Hudson Standard Platte Glass dropped 31% to 14%, a new low. The closing was weak. Offerings increased in the late tgading, Pan- American B dropping three points and several ordinarily inactive spe clajties yielding three to five points. Butter and Eggs classes, steady; cows, $3.25@4.00; heifers, $4.00@5.50; canners and cutters, $1,75@3.00; dealratle veal ers, $3.00@8.50; CHICAGO, Oct. 14.—Butter lower, creamery extras 37%c; standards 35%4c; extra firsts 3544 @36%4c; firsts 83@34c; seconds 31@31%c; eggs un- changed; receipts 8,637 cases. METALS NEW YORK, Oct. 14.—Copper, firm; electrolytic spot and nearby, 18@13%; futures, 134% @13\%. Tin, firm; spot and futures, 50.00 Iron irregwar; number 1 north- ern, $21.00@22. number 2 north- ern, $20,00@21.00; number 2 south- ern, $18.00@19.00. Lead steady; spot, $8.00; zine, firm, East St. Lou spot and fu- tures, $6.30; antimony; spot, $11.00. ce eeaeate > ite th do SUGAR NEW YORK, Oct. 14.—Business in refined sugar was light and prices were upchanged at $7.15 to $7.50 for fine granulated. Refined futures were nominal. Sugar futures closed steady; ap proximate sales, 9,000 tons; Decem- ber, $3.92; January, $3.48; March, $3.23; May, $3.32. (Sass WE BLE FOR SALE—Any part, 200,000 shares of Preston ofl stock, at $6.50 por thousand in 10,000 lots, Inquire Mr. Blas Vucuverich, broker, Phone 1419. Flour. MINNEAPOLIS, Oct. 14-—Flour, 10 cents higher. Family patents, $8.10@8.15 4 barrell. Shipments, 48,247 barrels. B $25.00@ 25.50 — J. 8. FLAG RUN UP ON HERALD ISLE IN NORTH NOME, Alaska, Oct. 14. (By the Associated Press).—Since Russia hoisted her flag over Wrangel Is. land, in the Arctic ocean north of Siberia, August 20, the’ Stars and Stripes have been run up on Herald Island, ® smaller body of land, forty miles east it was learned here to- cows, $2.75@3.50; mixed cows and helfers, $4.00; medium to good feeder Bteors, steady, $6.25@7.10. Bheep—Receipts, 28,100; over half of run through; no early eales; talk- ing slow on Killing classes; feeder Tan: quotable steady: late Mon seyeral loads feederday feeder lambs, $12.60. : Livestock :: All Markets PAGE SEV WHEAT PRICES ARE STRONGER Improvement Sets In With Opening of Chicago Trading CHICAGO, Oct, 14.—In n genera! rush to buy wheat started 2%c to be higher today and steadied at about 4 cents aboye Saturday's fintsh. The upturn was due largely to pre- vious advances which had. taken place at Liverpool and Winnipeg, while trading there was halted ow- ing to a holiday. Liberal export bust- ness, said to aggregate” .3,000,000 bushels was also a strengthening factor and so too, was news of un- favorable weather in Argentina and in Canada. After opening at $1.45 to $1.45 December, and $1.50, to $1.52%, May, the market continued active but extreme gains failed to hold. Word of drought, seasonable cold in Argentina re- ceived much attention together with predictions of a smaller ¢rop than last year. Toward the end of frost and un- the day, it was said, export buying since Saturday amounted to 5,000,000 bushels of wheat and 1,000,000 bushels of rye. The close was un- settled, 234 to 4%4c net higher, De- cember $1.465% to $1.46% and May $1.51% to $1.51%. Corn and oats sympathized with wheat strength. Corn opening prices, which ranged from Yc to 1%c high- er, December 1.12 to $1,124, were followed by a silght further ad- vance. Bxeellent weather to mature the corn crop eased down the market later, The close was nervous, to %c net higher, December $1.12% to $1.12%. Oats started Ic to %o up, Decem- ber 53% to 54 cents and kept with- in the initial mits. Provisions were upheld by the ac- Uon of grain. Open High Low Close Wheat— Dec. - 1.450 1.47% 1.45 1.46% May .. 150 1.52% 1.50 1.61% July 1.84% 1.84% 1.32% 1.83% Corn— Dec, ---- 112 1.13 1.11% 1.12% May -. 1.14% 114% 1.13 1.13 July -. 1.14% 1.14% 1.13% 1.14% Oats— Deo. May 32% 1.30 16.10, 14.05 15.10 14.50 12.25 12.52 14.57 18.05 14.50 13.02 14.50 13.03 Cash Grains and Provisions. CHICAGO, Oct, 14.—Wheat, num- ber 3, red, $1.5134@1.53%; number 2, hard, $1.45144@1.46%; corn num- ber 2 mixed, $1.13@1.14; number 2 yellow, $1.1316@1.15; oats, number 2, white, 52@54c; number 3 white, 50% @52q; rye, number 2, $1.29%4@ 1.30; barley, 75@96c; timothy seed, clover seed, $16.50@ $15.65; ribs, $13.12; Flax. DULUTH, Minn., Oct. 14.—Close flaxe October, $2.55%%; November, $2.55%; December, $2.50%; May, $2.54, Grain and Stock | Opinions From Brokerage Wire Grain Opinions, WHITE: Our markets our pretty well cleaned out and in position to recover quickly. Would buy on easy spot and hold, especially wheat and oats. THOMSON McKINNON: Any re- vival of export buying would result in @ good advance with the market in a better technical position, HARRIS WINTHROP: The pre- sent situation does not change Hu- ropean needs. BARTLETT FRAIZER: We be- lleve selling has largely run its course. Any reinstatement of tone lines or foreigh byying would result in-much higher prices. Stock Opinions. BLOCK MALONEY: We do not think stocks will decline much. On setbacks, when the market becomes dull, you can buy all well seasoned stocks. J. 8. BACHE AND CO.: We be- Neve thers will be nothing worth while on the up side until the olec- tion is definitely assured. PYNCHON AND CO.: We cannot be bullish on this market and advise sales on rallies. We do not believe it @ good policy to purchase stocks on weak spots, HORNBLOWER AND WEEKS: During the period of time that may be occupied: by a downward move- ment, we would rather taka the pos! tion of an interested observer than attempt to buy stocks for trading purposes, at least until such times as something more than a two point rally in the average may bo Insight Use rallies from now en for the pur. pore of selling such stocks, unless you are proposed to carry them through an extended period, MILLER AND CO.: Opportunities are in buying standard insure on dips and taking moderate profits there- on, (Copyright, 1924, Casper Tribune.) Grain, CHICAGO.—Grain and grain prod ucts moved during the past seven weeks, filled 460,000 ears, or $7,000] more than last year and 000 mor than the year before. Freight charges totaled $62,000,000. Rice. SACRAMENTO.—Reports that California's rice crop had suffered hea3y damage in recent rains were denied today by state agricultural agents. It 18 estimated this year's crop will be 10 per cent larger than that of last year, when 106,000 acres produced 5,470,000 bushels. Railroad Equipment. ST. LOUIS.—The Southern Rail- way has placed orders for $9,000,000 worth, of equipment, including 3,000 box cars, 250 flat cars, 250 stock cars, 25 coaches, 10 baggage and express cars, 25 mikado locomotives and 15 of the Pacific type. ol. SHREVEPORT, La.—Dally aver. age ol! production In Louisiana and Arkansas in tho last week totaled 177,598, a decline of 1,012 barrels. Fourteen new wells added 1,030 barrels to initial production. Low prices catsed the drop in activity. Brick. PHILADELPHIA.Ordera for brick with Ioval makers aro mostly for delivery within 60 days. Face brick are quoted at $20 a thousand. Dry Goods. NEW ORLBANS.—Sales of local Commodity, Trade New jobbers are running well ahead of those of last year in dry goods and shoes. Jobbers’ stocks are badly depleted and they are buying stead: fly to fill orders, but not for future needs. Retail dry goods sales are 8 to 10 per cent ahead of October, 1923. Textiles. BOSTON.—The Hinsdale woolen Mills, having received large orders for cassimerés, are assured of tinuous operation for from thr six months, The Gleasondals w mills employes have accept: Wage reduction but will operate one loom per man instead of is demanded originally. v WALTHAM, —The maT ment of the Waltham Watch & any, whore a strike ts in pro; 2 nies it will close the plant !t erts 652 workers have retu? Cotton. z ATLANTA.—Determinatio hold their cotton is evident a , farmers here, who declare the government report under-estir ¢ deterioration. Conservative “( érs believe growers are entith at least 25 cents a pound in sideration of present costs of ~ duction and will continue to su = the holding movement, Sugar. DETROIT.—The Michigan beet crop has begun to move. yleld now fs estimated at 1,1: tons, as against 77,000 tons year. The crop ts expected to over $8,000,000 to growers at ton. Last year growers got $f the crops yielded nearly $7,008 - Steel. h PITTSBURGH. —The produ department of Jones and Lau reports operations showing a increase over last week, whilia same is true of Pittsburgh Stee Pittsburgh Steel Products. r 3 Coal. HAZLETON, Pa.—The extei new anthracite operations being made mazifest by the o% tion of a new electric steam « which handles eight tones of at cach scoop of the dipper. I require two years of operation this machine to uncover the now being exploited by the (¢ berry Creek Coal company. ‘ E. J, SULLIVAN (a NOMINATED (Continued from Page One.) and nominated Sullivan for goover- nor. The convention and committee nominations will be certified to the secretary of state sepgrately as a safeguard against the one form of nomination or the other being held illegal in the emergency resulting from the death of Governor Ross. ‘The State Democratic convention assembled at 9 o'clock this morn- ing, recessed until 11:30 o'clock and after a brief session to receive the reports of the committees on cre- dentials and organization took an- other adjournment until 2 o'clock this afternoon. At 3 o'clock they had reached no agreement on a nominee. The temporary organization of the Democratic convention was made permanent when the dele- gates reassembled at 11:30 o'clock to receive the reports of the com- mittees on credentials and organi- zation. During the recess Dr. J. R. Hilton of Louglas, Democratic state chair: man, was mentioned frequently as a candidate for the nomination. Ap- parent reluctance of Charles D. rey to accept the nomination, if tondered nim, was reported as the convention adjourned at 12 o'clock to meet again at 2 o'clock this afternoon, A steering committee, appointed by the convention, spent the noon recess interviewing prospective can- didates and a nomination was ex- pected this afternoon. Nomination of Sullivan by the Republicans was assured here this morning following expressions of support from rumorous county delegations in which Natrona county took the lead. The caucus of the Natrona county delegation polled 15 out of 23 votes for Sullivan, giv- ing him the unit vote of the dole- gates. Park, Washakio’ and Fre mont were also among the first to swing into line, Former Governor Robt, D. Carey, strongly favored by many delegates, was not a candl- date, it became definitely known, and Sullivan recelved most of the votes of the Carey supporters. Mri Sullivan, is president of the ®, T. Williams Ofl company, a com pany which ho. served for years in the capacity of counsel. Prior to hig removal to Casper from Basin, Wyo., Mr, Sullivan was Identified with the banking and ofl business and practiced law. He served as mayor of Basin and as early as 1911 was elected to the state legis lature, where he was publican floor leader of the house. NOMINATIONS WILL STAND, IS BELIEF. CHE 2, Wyo . 14.—(By The ted Press.) — Feeling that, despite the questioned legality of action by two state conventions meeting here today to nominate candidates governor of Wyo: ming, the state supreme court would the ass office in ¢ per not go behind the mbliés in naming ent of court pr 1 tmospt assembled to action of to in thelr As Democratic met shortly after for .the gubernatorial had apparently narrowed t ik convention k the mination 4 fleld 9 o'cle race Central and the and COTTON of two, D. J. Howell, attorney gen era! of Wyoming, and Charles D. Carey, a son and brother of two NEW TORK. Oct 14.—Cotton | former lican governors. 8, G “pot, quiet; middling, $23.45. { TMepkins, prominently mentioned as n @ candidate, declared he woul accept the nomination in were tendered him and told ); leaders it was his wish that name should not go before the; vention. Although no. definite! nouncement was forthcoming 6 Mrs. Nellio G. Ross, widow o:? late Governor William B, ‘Rot! was generally understood tha: name would not be placed in 1. nation. After naming Paul M, Greev™ Cody temporary chairman |} Byron 8S. Hute of Casper temp<| secretary, the Democratic coi] tion recessed for an hour to | {ts committees on credentials permanent organization and | of business to meet and brin| reports. A special committee sisting of one delegate from county was appointed to dl matters. of business that nl properly come before the co tion, called in the political brought about py tne death of ernor Ross October 6. f As the Republican state co: tion convened at 11 olclock ¢ ment among delegates appeare be centered on two candidate tho gubernatorial nomination, t of Frank HE. Lucas, secretar; state and acting governor, Sugene J. Sullivan of Casper, C. Watt Brandon of Sheridan ing the pledges of two county gations and the possibility th j situation might develop favor to nomination of one of the nu} ous ‘dark horses”. Complimer) votes by several county. delega, for “favorite soas" were forecast} the first ballot, Including thag the Laramie county delegation, second largest in the conyen for Archie Allison, mayor of C! enne. A poll of the Natrona co} delegation, the largest in the |! ynetion, taken this morning,|) vealed a four to one division fri! able to Sullivan, with the min‘) favoring Lucas. This and the | jority of other county delega'| are uninstructed. Market Gossi Rail Bond Issue Proposed. WASHINGTON, Oct. 14, — Denver and Rio Grande western | pany today applied to the Inter, commerce commission for. auth to issue $3,000,000 of six per funding and improvement mort) gold bonds to help finance the re reorganization. General Business Summary Trunk Une presidents submi commerce commission revised for consolidating eastern trunk } into four systems instead of lines to be built around Baltir & Ohio, Nickel Plate, New 7 Pennsylvania. Silver stoek October 1, in hr of American producers were 6 tons 50,922 ainst 922 Septembe } 79 on January 1. bi Negotiations for purchase of erties of Alabama company, in: ing four blast furnaces by ¢ Sheffield, expected ot be c shortly. American Smelting and. Refi frst halt 1924 earned $6.46 common against $5.43 in same pe 3 néral Electric’s bookings three months ended Septembe: were 89,892 against $65,438: for corresponding quarter of 1 months §208,097,719' aga 747,304. United States Industrial Ale advanced all grades of alcohol Tril ine wantads bring result