Casper Daily Tribune Newspaper, October 16, 1924, Page 9

THURSDAY, OCTOBER 16, 1924. Oil :: Finance ANOTHER BIG SLUMP Decrease of 26,450 Barrels Shown in Daily Average Pipeline Runs of Country, American Institute Shows NEW YORK, Oct. 16.—The daily average gross crude oil production of the United States decreased 26,450 barrels for the week ending Octob>r 11, totaling 1,894,000, according to the weekly summary of the Amert- can Petroleum Institute. The daily average™production east of Califor- nia was 1,376,000 bartels, a decrease of 26,050, California production was 608,000 barrels, a decrease of 400. Oklahoma shows a daily average production of 514,250 barrels, a de- crease of 13,500; Kansas 84,000 bar- rels, decrease of 600; north Tevag 72,500 barrels, decrease of 350; cen- tral Texas 175,850 barrels, decrease of 1,450; north Louisian 51,800 bar- reli, decrease of 600; north Texas 050 barrels, decrease of 5,200; gulf coast seer ectnwest Texas 139,700, ingrease Of 300; eastern 107,000; de- crease of 1.00%, ‘eanng, Mon- tana and Colorado 105,750, a decrease of 3,500. Daily average imports of petroleum at principa! ports for the week end- ed October 11, were 200,286 barrels, compared with 181,571 for the pre- vious week. Daily average receipts of California oil at Atlantic and gulf coast ports for the week ended Oc-, tober M1, were 102,286 barrels, com- pared with 118,143 for the previous week. There were no changes reported in crude ofl prices for the major districts and mid-contineng being quoted at 75c to $1.25 a\Warrel, ac- cording to the gravity of the oil; Pennsylvania crude, Bradford dis- trict, $2.85 a barrel, all other grades $2.75 a barrel; Gulf Coast crude, grade “A” $1.25 a barrel, grade ‘B” $1.05; and California crude ranging from $1 to $1.40'a barrel, accomling to gravity of the oil. Oil Industry Has Turned Corner; Stocks Stronger Indications that the oll industry hag ‘turned the corner”, are seen by many“ market observers in the recent behavior of the oil hares which have displayed a strong tone despite the wave of selling in other quarters. Prairte’s removal of pro-o rating in the mid-continent field: following similar action by the 'Tex- as Company, in the north and cen- tral Texas fields; publication of sta- tistics showing a steady decline in production of crude and a marked increase {in gasoline consumption; announcement of, the Texas com: pany that the full year’s diyidend had been earned and the declara- tion of the regular Sinclair prefer- red dividend all have contributed-to the more cheerful feeling fagurng the oils. (Copyright, 1924,, Casper Tribune) Grain. CHICAGO.—The Illinois erop, after recent frosts is néw estimatec at 279;189,000 bushels, or 57,000,000 bushels under last year. frosts shortened the yields somewhat in northern sections, but alded In maturing the crop, where less severe, inthe central and southern sections. grain HOUSTON.—The indicated yield of corn in ‘Texas now is placed at 79,232,000 bushels, the smallest in six years, Oil. HOUSTON.—Ayerage- daily oil Production in the Gulf coast and South Texas fields the past week Was 147,245 barrels, a decrease of 4,475 barrels for the Gulf coast and an Ancrease for South Texas of 930 barrels.’ Thirteen néw producers were brought in on the coast. Fi i FORT: WORTH.—West Texas oil production: for last week showed a daily, ioss of. 885 barrels, 2s compar- . Dividends of the Texas company for the entire year already have been earned after making allowance | for inventory adjustments to date, according to Amos L. Beach, presi- dent. Bank loans have been reduc- ed $9,000,000 and the company had on hand more cash than at the be- ginning of the year. The Chile Copper company reports surplus of 35,395,588 for the six months ended June 30 after taxes, interest and depreciation, about $4,. 900,000 less than a year ago. The Chicago, Milwaukee and st, Paul Railway handled 72,175 revenue cars in the first 11 days of Octo- ber, a decrease of 2,254 under the corresponding period last year, Trade News ed with the preceding: week when the total was 220,000 barrels a day, Fruit. SEATTLE.—The movement” of Pactfic northwest boxed apples to Europe continues to gain ground. Good markets have been fownd in the’ United. Kingdom, Scandinavia, Germany, Belgium ahd ‘Austria, which are taking mostly the small- er sizes which the Atlantic coast markets spurn. All prices are firm. ST. LOUIS.—The 8t. Louts and San Francisco railroad has: handled 1,000 carloads of apples from north- ern Arkansas and southwesternr Missourt so far this season. Total yield is placed at 3,500 carloads. Salmon, SEATTLE.—Silyer salmon are retailing in the local market at 15c a pound, owing to an unprecedent- ed run this season in the waters of Puget Sound. Cold storage plants are working overtime freezing the catch for local and easternr con- sumption, ‘BUSINESS BRIEFS (Copyright, 1924, by Casper Tribune) ST. PAUL, Minn., Oct. 16.—Pur- chasin, dn the Ninth. Federal Re- serve district last week was the heaviest this year, debits in twenty, “elties totaling $242,246,000, an in- crease of 25 per cent over a year ago, Further evidence of the trade gain in recent weeks is shown hy the 25 per cent increase in Twin Cit- ies bank deposits, as compared with. "® year ago. Retail trade has been JAP REPORTS DRAW PROTEST Page One.) (Continued from ed by Chinese detectives in Chang Tso Lin forces, He stories in the Japanese: press nerve vurporting to be dispatches from Tokio and Peking in which it was stated that American soldiers were fighting in the central government ranks and that tanks were being op- erated by Americans in the Peking lela forces. a Augmenting his recital of the ac- tivities of the Japanese press here ptein Baldwin showed General Chang how the propaganda affected visiting Americans by detailing the experiences of the ‘“Wanderwell” world tourists who were accused of Deing American spies and refused passports on the ground they were not American citizens. Captain Baldwin said America was absolutely neutral in the Chinese in- ternal war situation and told Gener- al Chang that the propoganda circu- Iated by the Japaneso press Was riously affecting American interests {n Manchuria because of the gullibil- ‘Sty of the Chinese public, the cited greatly stimulated by seasonably cool weather. Wholesale trade con- tinues to show activity, altho grain, threshing has not been completed owing to rains. Staple lines in par- ticular are enjoying a volume: of sales slightly larger than a year ago. SHREVEPORT, La., Oct. 16.— Construction of a 100,000 horse-pow- er electric power plant in the nat- ural gas field near Monroe, La., at an estimated cost of $7,500,000, will be started immediately by the Loul- siana Power and Light Company, Three distributing power companies will be supplied thru the plant. FORT WORTH, Texas, Oct. 16.— Fort Worth bank deposits have passed $62,000,000, the largest fig- ures since the ofl boom days of 1919. The total is $7,090,000 higher than sixty days ago, POTATOES CHICAGO, Oct. 16.—Potatoes trad- ing slow, market firm on good stock, receipts 104 cars; total U. 8. ship- ments 1,218; Minnesota and North Dakota sacked Red River Ohios $1.06 @1.10; Minnesota sacked round whites 75@90c; Wisconsin sacked round whites 60@85c; few nest 60c; bulk 66@90c, MONEY sW YORK, Oct. 16.—Call money steady; high 214; low 2%; ruling rate 24; closing bid 2%; offered at oh: \ loan 24§; call loans against ai ceptance time’ loans. steady mixed collateral 60-90 days 215@3; 4-6 months 3% ; prime commer- clal paper 3@3%. 2%; Bonds : Allied Chemical & Dye -.---. American Can -~---------.-. American Car and Foundry -_ American International -.... American Locomotive -..--.. American Smelting & Refg. -- American Sugar --. American Tel and Tel. American Tobacco American Woolen .. American Zinc, Leaa Anaconda Copper Atchison -...--- Atlantic Coast Line - Baldwin Locomotive Baltimore and Ohio — Bethlehem Steel California Petroleum ~~~... Canadian Pacific Central Leather Cerro de Pasco Chandler Motors a 125% 163% 23% 76% 15% 42% 126 Chicago and Northwestern -. Chicago, Mil. & St. Paul, pfd. Chicago, R: I. & Pac. Chile Copper --. Coco Cola ~---. Colorado Fuel and Iron Congoleum --.. Consolidated Gas --.. Corn Producest new Cosden. Oil. ---. Crucible Steel — Cuba Cane Sugar pfd: Davison Chemical __ Du Pont de Nemours. -. General Electric General Motors ~ Great Northern pfd. Gulf States Steel Houston Oil -.. IGinois Central International Harvester Int. Mer. Marine pfd. 34% Int. Tel and Tel. — 82 Thvincible Oil pee ds Kelly Springfield Tire 16% Kennecott Copper <:-_- 44% Louisville and Nashville... 96B Mack’ Truck 96 Marland Oil -.___. 34% Maxwell Motors A Middle States OU —. Missouri, Kan. and Tex. .. 14h Missouri Pacific pfd. -.---.. 52% National Lead zo------- 14915 New Orieans, Tex and Mex. ..-1061%5 New York Central ---.---_.. 104 N. ¥., N¢ H., and Hartford 21% Norfolk and Western ~ 120% Northern Pacific -. eenne 60% Pacific Oif --_-_L2_. wweee 47% fan American Petroleum B.. ‘50% Pennsylvania —_..-__. 44% Producers and Refinerg 25% Pure Oil —... 23 Reading .. eewensee 23 Republic Iron and Steel aes Sloss Sheffield Steel and Iron Southern Pacific ----..--_.. Southern Railway -_-_1..... Southern Railway pfd. Standard Oil of Cal. _. Standard Ofl of N. J. _. Studebaker Corporation Texas Co. -.. - Texas and Pacific Tobacco Products Transcontinental Oll ~~... Union Pacific ------.... United Drug -----.----..--. 91 U. S. Cast Iron Pipe 108 U. 8. Ind. Alcohol United: States Rubber -. United States Steel Utah Copper -.-- - 78 Westinghouse Electric 61 Willys Overland. ™% Woolworth —-_- 104 — Chesebrough Mfg. Continental ~------.. 42 60 Crescent =--.--.-----.. 11 u% Cumberland ---------— 134 136 Eureka 78 Gal. Sig. — 55 Gal. Sig. Old Pfd. — 116 Gal, Sig, New Prd. - 103-108 Iilinols Pipe ------.. 120, 121 Indiana Pipe ~~~. 70 72 National Transit ----.. 21% 22 New York Transit --.. 56 56% Northern Pipe -------- 75 78 Ohio Of] ~-..--------. 60% 60% International Pete --.. 19% 19% Penn. Mex, ----------. 35 35% Prairie Oil ~~~. 210 «21016 . KON ~-cnnnene enn . Ne Y. Swan and Finch Vacuum -... Washington Lance Creek Osage . Grass Creek, light Greybull ~~. ‘Torehlight Elk Basin Rock Creek Salt Creek . - 85 Big Muddy . +16 Mule Creek 60 Sunburst -... 90 Hamilton Dome 50 Ferris - se - 1.05 Byron Notches Pilot Butte Lander aver mse Dade For results try a Tribune Classi- fied Ads. oi, SECURITIES Bessemer big Incian -. Boston Wyoming Buck Creek Burke ~—---. Blackstone Salt Creek— Chappell Columbine Central Pipe Consolidated Royalty — Cow Gulch — Domino Elkhorn Franty -------------.. B. T. Williams — argo - Gates Jupiter Kinney Coastal - Lance Creek Royalty- Marine -.. Mike Henry —--. New York Oil Picardy Preston Bed Bank Royalty' & Producers - Sunset Tom Bell Royalty -. Western Explcration ~ 3. Western States Wyo-Kans ~—_-----—. Y On 206 10 NEW YORK CURB CLOSING Bid Asked Mountain Producers ~ 19.75 20.00 Glenrock OW --. 15 25 Salt Creek Prds. 25.50 26.00 Balt Creek Cons. ---. 7. 8.00 New York Ob ....---- 11.00 210,00 11.00 55.50 LIVESTOCK. Chicago Prices. CHICAGO, Get. 16.—( 8. De- partment of Agricu!ture).—Hogs — Receipts 24,000; targely 10@20c low- er than Wednesday's average or 2ic jower than best price, packing sows and killing pigs show minimum osses; light lights mostly 25@35c off; demand narrow; top $11; bulk good and choice 190 to 325 pound butchers $10.50@10,90; majority bet- ter 140 to 160 pound averages $8.75 @9.50; bulk packing sows $9.60@ 9.90; better 120 to 130 pound siaugh- ter pigs largely $848.50; heavy- welkht hogs $10.40@11; medium $10.30@10.95; Hight $9@10.80; light light $7.25@9.65; packing hogs smootr $9.70@8.50. Cattle—Receipts 11,000; __ better grades fed yearlings firm; others stendy to weak: weighty steers life less; killing ‘quality “plain; bulk of quality and .conditioned to sell at $8.60@10; few above $10.25; oarly top $11.50@12.25; no western grass- ers here; cows of value to sell at ‘$4 downgrade in demand at firm prices; better grades lifeless; most bologna bulls..$3.60@4; mostly $10: market on veal calves. stockers and feeders comparatively scar in fresh receipts, steady, bulk 7; well bred yearlings in demand. Sheep—Receipts 19,000; fat Iambs fully steady, sorting about like Wed- nesday; bulk desirable natives $13@ 5; few to city butchers up to $13.35; cills $10@10.50; early but rangers $13.36@13.50; fat sheep un- changed; bulk ewes lambs strong; early sales $1 tute Wednesday choice feeding lambs $13.40; full mouth breeding ewes 37@8. Omaha Quotations. OMAHA, Neb., Oct. 16.—(U. 8S. De- }partment of Agriculture.)}—Hogs— 6,000; mostly 25¢ lower; fairly active at decline; bulk better grades 190 to 300 pound weights $10@10.35; top $10.40; desirable 160 to 190 pound averages $9.50@10; plainer lights down to $9; packing sows generally $9.75@10; Bulk of all salse $9.75@ 10.35; average cost Wednesday $10.19 weight 259. Cattle—Receipts 3,300; fed steers and yearlings ‘active; strong; spot 10@15c_ higher; bulk $9.50@11.25; choice 1,270 pound averages $11.50; mixed yearling steers and heifers $12.60@12.65; grass cows and heif- ers strong; canners and cutters are strong to 10c higher; bologna bulls and veals steady; stockers and feed- ers scarce nominally steady; bulk good cows and heifers $3@5; can- ners and cutters $2.15@3; bologna bulls $2.75@3.25; practical top $9.75. Sheep—Receipts 6,000; all classes generally steady; lambs slow; bulk fat range lambs $12.75@13.10; top $13.25; natives $12.50@1 fed clip- ped $11.25; best range yearlings $9; wethers upward to $7; ewes upward to $6; early sales range feeding lambs $11.75 @ 12.75, Denver Prices. DENVER, Colo., Oct. 16. Receipts, 1,700. quality fully 25¢ lower; packing outs generally higher; desirable medium weight loads generally $10.05 to $10.25; some held higher; Picking sows, 00; few $8.00 to $8.50; fat pigs, $8.50. Cattle—Receipts, €,900; calves, 100; dull on most classes; very little yi. choice yealers, to $9.00; few steers, $7.10 to $7.25; common to medium sows, $3.00 to $3.50; helfers, $4,00 to $4.75; canners and cutters, § to $2.75. Choice 1,000 pound feeder stecrs, $7.50; yearling feeders, $6.80. Sheep—Recetpts, 28,600; bulk of run throv#h; early sales Hogs— plainer; sows and steady; bette> grades fat lambs 76 pounds, $12.25; o: ewes, $5.60; mixed kind, loads feeder lambs, $ a Flour. MINNEAPOLIS, Minn., © OT OGK TRADING lo IRREGULAR Adjustment of Speculative Accounts Sets in After Rise. NEW YORK, Oct. 16.—Readjust- ment of speculative accounts im- parted an irregular trend to pric jay’s stock market. Stan d industrials displayed a heavy tone while public’ utilities advanced one to two points. The new German bonds established a record high at 5%. Stock sales approximated 000 shares. NEW YORK, Oct, 16—Wwith vay: ing orders predominating at the pening of today’s stock market, prices turned upward. speculative favorites tional gains and advances point ae we scored b other issues, including North American and Wil- lys Overland preferred. Oils were strengthened by a further decrease in crude oil producton Buying of high priced sharer: cluding American Tobacco, Puffman and Nash Motor issues, which rose 1 to 2 points, and extremely heavy absorption .of the new German bonds, accentuated the upward trend inthe early dealings. ‘The n obligations, taken in blocks of $50,000 to $200,000 were pushed Most of the showed frac- In- up to a record high price of 955% Standard investment rails responded to a bro: inquiry and the oil shares attracted a large speculative following as a result of yesterday's impressive show of strength. Re- public Steel reacted fractionally on port of a deficit for the third quarter and several other stocks, in- cluding Lackawanna and U. 8. Cist Iron Pipe were heavy on realizing. Leather issues showed a stronger tone. F eign exchanges opened steady. The main trend continued upward throughout the mornring despite ex- perimental selling of some of the Flour unchanged to 25e¢ highe ily patents $: to $8 15 a bar Shipments 48,482 varvels. Bran @25.50. popular industrials, Baldwin drop- ping a point and Stewart Warner 2%. United. States Steel common crossed 106 and American Can was supported around its recent high level. Speculative interest in the rails diminished when several indus- trials and specialties were taken in ‘ operators on the long side. eel Spring, Central Lea- red ,American Hide and ther preferred, American Water Works, All-American Cables and Pacific Coust preferred, rose 2 to 2%% points. With the allotments of German bonds becoming known_to many dealers, offerings on the stock exchange increased, driving ths price down to a‘point or so from {ts earlry record high, Call money renewed at 2 per cent. Subsidence of speculative interest in the long side of the market for many of the popular leaders encour- aged a resumption of selling which carried down prices of several influ: ential shares from 1 to 3 points. Delaware and Hudson dropped 3 and ‘American Can, U, 8. Cast Iron Pipe, General Electric and Baldwin ruled from 1% to 2 points lower. U. 8. Ruler first preferred and Gulf States Steel were also weak. The closing was irregular. Selling of Gas and the foed shares featured the late trad- ing. a laces AED ARMY" AT CANTON ROUTS THE FASCISTI Two-Day Battle Rages in Streets’ Before Victory is Won HONG KONG, Oct. 16.—(By The Associated Press)—The Merchant Volunteer Corps of Canton, known as the Chinese fascisti, has been de- feated -by army forces of the “red army,” composed of Chinese labor- ers after warfare in the streets of Canton lasting two days, according to a wireless message picked up here today from Canton by naval author- ities, A conflagration which resulted from the hostilities burned in Can- ton all day Wednesday, but was brought under control today after damage totalling an estimated loss of $7,000,000 had n done and a large number of persons were killed or burned to death. CANTON, Oct. 16.—(By The Asso- cated Press.)—With gunfire abated and ruins of burned houses only smouldering Canton tonight never- theless looked forward to more se- vere trouble to add to the street fighting between local factions which has disturbed the city during the past five days. ant eS NEW YORK, Oct Coppor, steady; electeolytic spot and near. Futures, 13% @13% spot and futures, steady and unchanged, 5 adyi, spot, $8.00. Zinc, steady; East St. Louis spot ind futures, $6.30 Antimony, spot, $11.25, WHEAT PRICES GET oETBAGK New High Mark Set Opening Followed by Heavy Selling. at CHICAGO, Oct. 16.—Although the wheat market today opened at the highest price which the December delivery had yet touched this sea- son, heavy profit taking sales quick- ly brought about a decided set back, The initial upturn was due to higher quotations at Liverpool and to turiher drought complainte from Argentina. Advices at hand said that owing to crought and frost the A’ gentine crop could hardly exceed 75 per cent of lust years’ total, Open- ing prices, which varied from the same as yesterday's finish to 1c higher with December $1.5114 to $1.52% and May $1.66 to $1.56% were followed by turn that in some cents under the ear a general down cases went three jer top ievel tallies ensued, but the market failed to hold, and depressions of corn had a bearish influ ence. ntly too, export de- mand at least for the time being w less urgent than of late. Wheat closed weak 1% @2%c net lower, De- cember $1.49@1.49% and May $1.53 % @1.63%. Corn and oats declined as a re sult of fine weather and lack of support. After opening at %c oft to an equal advance, December $1.13%4 @1.14, corn showed losses of more than 2 cents. Subsequently, the market display- ed addit weakness as a result of ussertions that there is an over- fupply of feed grain and that the next government report will sub- stantially increase the estimate of corn production. Corn closed heavy #@4%c net lower, December $1.09 % @1.09%. Oats started unchanged to 4c higher, December 66c. Later, all months underwent a material de- cline. Rapid disappearance of stocks of lard gave firmness to the provisior? market. High Low Open Close Wheat— Dec. -. 1.51% 1.52% 1.48 1.49 May 1.56 1.56% 1.52 1.374% 138% 1.34% 1.35 1.13% 1.14 1.093% 4.09% 1.1544 1.15% 1.10% 111% 1.160 116 1.11% 1.11% =~ 56 56 54 64 60% 60% 58 58% 56% 56% .55 55 1.36% 1.3814 1.83% PAGE NINE. | Ses ‘Thése three University of Towa co-eds came back to schoo! They -Paddled to” ete ee OY 5 School ———, Seu 1 this year in al canoe. They paddled nearly 200 miles, camping at nights. From the front to the back of the boat they arp: Gladys Brooker, Omaha; Bals, Doone, Ia., and Cecelia Kloek, also of Doone. . i | Market Gossip | Oi Summary. Standard Oli of New pletes well number 1% in Peciencla Panuaco district at 2,149 feet below level with initial ol! production | Jersey com of 20,000 barrels. Penn American Refining com- pany mergered into Penn Oil com pany. Buckeye Pipe Line declared regu- lar quartely $1 dividend pay cember 15, stock of November 20. Receipts of California Oil at ‘antic and Gulf coast ports for we @ctober 11, totaled against 827,000 preceeding ©} 000 we According to American Petroleum Institute imports of petroleum at principal United States ports for week of October 11, amounted to 1,402,000 barrels against 1,000 previous week. * American says rumors are again of a Mid-Continent Oil combination General Summary. Bank of England rate unchanged at 4 per cent. Imperial bank of India advances discount rate to 6 per cent. American Sheet and Tin Plate wi!l start ten hot mills this'week, miak ing 38 of its 40 active. Federal court sustains rights of Radio corporation and Westinghouse 1.37% 1.93% 1.3314 15.60 15.30 15.25 14.32 14.20 14.20 12.28 12.50 14.45 13.00 Cash Grains and Provisions. CHICAGO, Oct. 16. Wheat num- ber 2 $1.50. Corn number 2 mixed 2%; number 2° yellow $1.1116@1.18%. Oats number 2 white 51% @521sc; number 3 white 4814@51tgc. Rye number 2, $1.32%4 @1.33, Barley 86@96c. Timothy seed $4.75%46. Clover seed $16,50@21,50. Ird $15.90, Ribs $13.12. Bellies $13. Foreign Exchange NEW YORK, Oct. 16—Foreign exchange firm. Quotations {f cents: Great Britain demand 448 cables 449%; 60 day bills on banks 446%. France demand 5.25; cables Italy demand 4.36; cables Belgium demfind 4.82%; cables 4.83. Germany demand per trillion 23%. Holland 39.05; Norway 14.14; Sweden 26.60; Denmark 17.25; Switzerland 19.18; Spain 13.44; Greece 1.74; Poland. 19%; Czecho Slovakia 2.98; Jugo Austria .0014%; gentine 37.00; “Brazil 38%; Montréal 100. 11.50; Refined sugar was unchanged at 7.15 to $7.50 for fino granulated. Refined futures were nominal, ee ' SILVER NEW YORK, Oct, 16,—Bar silver 71%¢; Mextean dollars b4t%e. LIBERTY BONDS NEW YORK, Oct. “bonds closed: 344s 100.' 102.10; Second 4ps 101.1 16.—Liberty First 44s third 44s 102.3; Fourth 4%s 10: United States government 4%s 106.15. —— FREIGHTER IS AGROUND SAN FRANCISCO, Calif. Oct. 16 —The steamer Eastern Knight aft of 6,588 tons; owned by the Columbia ific Shipping pany Is aground on the Columbia river, | inside the bar, neat Astoria, accord: | ing to a rf sived heve this morning by dio Corpora | tion America. The vy was] bound from Portland, Oregon, to New York with a general c Electric to Fessenden and Arm- strong patents, Allotments on subscriptions w 4merican portion of German exter: nal loan will be made today ge allotment estimated at 20 per on Stockholders of Gray and Davis approve plan for exchange of stock for shares of American Bosch Mag: neto, United States Rubber company has reduced prices of high pressure Pneumatic tir as of October by 3 to 6 per cent, meeting stone, Improvement in business reported in eastern mills, ingreasing produc. tion in worsted division substan tlally. nee's 3,000,000 pounds share in rman loan has been entirely ap- plied for, although its not ‘yet been offered to the public; Swedish por- tion of the loan was covered within half an hour after subscription books: wefe opened. Agreement has been reached on fundamental points in long standing controversy between oll companies and Mexican government according to Mexico City dispatch, Much of tho selling yesterday of stocks was the estate of 2. R. len, of Kenosha, Wis., \« founders. of the Central company, i Leather Grain and Stock Opinions From: Brokerage Wire Stock Opinions. Prince 2 Whitely—Those who buy before election will be in a posi tion to get good profits later in the year. There has been a turn in the oll situation with every indication of better conditions soon Miller and company—We still feel that the market will continue 1 purely trading affair until after the election and it's real opportunities | are in buying on reactions and tak ing moderat tits ralite Block . Maloney—Vi s rallie shoul be used for sales of long hold Ings. The time does not appear to have arrived yet to buy. Hornblower and Weeks—Cost of | money tem ily remains a sus taining tor until business lead ors able to forsee indications of nctive business ahead, they are not likely to buy back t that have ‘been 1 recently only thing do is to walt for market to show that it Is ready ko ahead again and then follow it In the meantime we would not be in uch a hurry about buying back market ne | drop. More velop on the rally and st boul go lower again 3.8 W consider buy down and would much ¢ Wait unul the ma refer t | ket steadies itself | nu ine supped it which nos BMOYS pu we expect ta it parance, but probably not before end of this week Coming Events—Further selling of stocks on days of weakness shouldé be refrained from though attempts t profits on the constructive side at nt are equally injudicious, In cipation of strong rally in the closing days of this month, advan tage should be taken of sharp breaks to cover at least a part of the oustanding short contraets and attaining a reasonable Hquid posi tion of the election period. Grain Opinions. zier—We expect high: but suggest caution in buy» Bartlett trin—There dication of a further Thomson McKinnon— ter weather p: Is in ts every in vance. Inless bet. the Arrgen: tine much hig prices for wheat fire logical. Coarse grains are en- titled te more attention. Uhimann ain company—As long as Canada holds her wheat the and for the United States will be enormous. Harris Wintrop—There is little ta encourage bearish sentiment. RESUS DL GA YS5 Es COTTON BW YORK, Oct. 16, seady; middling 23.6 Gives. Up Hubby Cotton spot ‘Told by his doctor that he had ond year to live, Ralph W. Upham of Columbus asked his wife, Emily K! Upham, to release him trom mari riage so he could live his last yeas —with the woman he loved. Mra! Upham (above) granted his request, by suing for divorce, which was gran together with $50 a month for_the support of their go: a! r, S4-yvearold ptoneee, who crossed t at by ox team tn 1852, i8 crossing tt again—this fume by airptan He ts tlying from Sea to Washington with Lteut. tukiey G. Kelley, famed’ transconte nental piloL 7