Casper Daily Tribune Newspaper, October 22, 1924, Page 9

ISSUED IN Finance COLORADO ‘Carrier Between Craig and Parco Will Connect Casper With Colorado Field in Which Texas Has Production. DENVER, Colo., Oct. 22.—Permis- sion to build an ofl pipe line from Craig, Colorado to the Wyoming state line was granted the Prairie Oil and Gas company this morning by the state public ‘utilities Commis- sion. The pipe line as planned will -extend 104 miles to the Producers and Refiners’ refinery at Parco, ‘The Prairie company has already ‘built @ pipe line from the Texas- ‘Trans-continental discovery well on the Hamilton Dome 18 m: to Craig and has established a tank farm there. At the present time the oil being shipped over the Moffat road.to the refineries at Parco and at Florence, Colorado. Cc. BE. Brimmer, attorney for the Prairie company, appeared before Commodity mn ‘Textiles BOSTON—The worsted division of the Pacific Mills now is running at ity and the cotton division also shows improvement, the larger part of the print works equipment Daler. now on a four-day-a-week bas: 1924, Casper Tribune) Rubber AKRON Tire plants report little change: in the rubber situation as consumption continues to equal or surpass shipments, The Seiberling Rubber company has paid up ac- erued back dividends to July, 1922, “and expects to wipe git this item em - tirely before the ena of 49 Tobacco - DANVILLE, Va.—The Danville ‘Tobacep Association announced to- _day that in five days of last week umore than a million“and. a halt pounds of tobacco were sold on warehouses floors here for §354,- 745.29. « Rallroad Equipment PITTSBURGH— Practically al} workers. at the Westinghouso Air Brake company’s works at Wilmerd- ing have been placed on full time and in some departments many new employment. ea oh erry MO vents: on ithe the commision. He sald that the cost of the pipe line in Colorado would amount to $500,000., Work will not be started on the project until spring but materials and. pipe wilt be started to the Moffat county town at once. According to his state- ments the line will not ba a common carrier but will be used only for oil purchased by tie Prairie company, Construction of teh pipeline from Craig to Parco wil connect Casper with the Colorado oll field inasmuch as a pipeline already extends from Salt Creek to Parco with’ a branch to Casper. It would be possible to move crude from Craig to Casper without resorting to railroad ship- ment. ‘Trade News Fruit ST. LOUIS—The St. Louis and San Francisco Retiroad has handled .this season to date 8,280 carloads of fruits and vegetables, valued at $7,000,000, more than half of which came from the Ozark district. Turkeys FORT WORTH—This year's tur- key croj) in Texan will be only about 80 per cent of the 1923 output, ac- cording to latest figures. Leather PHILADELPHIA—The sole lea- ther market here is firmer and ad- vancing 4c a pound higher than a month ago, and demand is fully up to supply for good grade: Steer backs are quoted at 44 to 46c. on SHREVEPORT—Oll,. which has been stored in the Smackover. field for the last two years now is being moved at the rate of 200 carloads a day in addition to regular pipe lin runs. Automobiles DETROIT—The loading reports of the Pere Mhrquette Railroad indl- cate greater activity at the automo, bile factories of Detroit, Flint and Lansing, In-bound shipments of ma- terials are up 5 per cent and outgo- ing-shipments two ner cent, 0g Som} pared with last year. ' BUSINESS BRIEFS Copyright, 1924, Casper Tribune. CLEVELAND. — Answers to @ questionnaire sent out by Cleveland manufacturers and wholesalers show 10 per cent of the firms had-ine: sales in September as compared with August, while 30 per cent reported g decrease. Collec- tions were in the same ratio. Sixty per cent of the concerns, however, report that their business for, the year so far has been less than for the corresponding month of 1923, they expect good’ business in No- vt December. greta ry men haye declared * that while car aud b sepapueeled) wre \.be smaller tl 5 a saleg-unit will be larger.. They ex- General Summary. Wright Aero declared quarterly 25 cent dividend payable November 29 to .stock November 14. ‘Wrigley company earned $2.52 for the third quarte: s Chicago Pneumatic Tool for nine months ended September 30, shows net profits of $446,641 after deprecia- tion, federal taxes and‘ interest, bp $682,720 for same period in 1923. .. New York railways proposes to board of estimate tho granting of a bus franchise to replace 46 miles of single track tro‘ley lines. . Bt. Louis San Francisco prelimin- ‘Bry report for September shows a ‘surplus of $960,000 above interest requirements, an increase of §722,- 900 over 1923. Directors of American Hide and Leather company approved plan calling for reorganization of com- pany, which provides for elimination of back dividends on preferred stock on which there are accumulations of 138 per cent. Interboro placed order with Ameri- can Car and Foundry for 150 steel ‘subway cars to cost approximately $4,000,000. Hearing on demurrer on Con- ‘folidated Gas of Baltimore in suit ‘to restrain\ it from splitting it's shares postponed until October 27. Public Service of New Jersey ‘September surplus was $601,618 Agalgst a deficit of $165,902 in Sep- m °1923, Oil Summary. Low prices for crude ofl resulted in curtailment of new operations in Oklahoma last week, when only 33 new wells were started. Yield of Mexican Petroleum pro- duction tax in July was $3,573,000 despite heavy rains which flooded many fields also considerable stop- if ; win any part 100,000 Jupiter oll Blas Vucurevich, broker. ghnoda? g pect 3,500,000 cars to be sold, bring- ing $2,800,000,000 or an average of $600 per car. DENVER.—Car loadings on the Denver and Rio Grande Western Railroad in the last month enxceed- ed those for the corresponding pe- riod of 1928 by 10 per cent and bust- ness received from connecting lines improved 28 per cent. PHILADELPHIA, — Passenger traffic to Florida has increased to such an extent that the Merchants’ Bonds American Smelting & Refg. -- 75% American Sugar -------------- 37% American Tel. & Tel. ---------127% American Tobacco eoeee----162 American Woolen --..-----.. 56% Amer. Zinc, Lead & Smelt. --- 7% Anaconda Copper ewncnece- 85% Atchison ----.. Atlantic Coast Line Chicago & Northwestern ~~... Chicago, Mil. &St. Paul, pfd. Consolidated Gas .. Corn Products, new -. Cuba, Cane Sugar, pfd Davison, Chemical ... Du Pont de Nemours ---. Brie ----. Famous-Players Lasky -----. Genera! Asphalt -.--------. General Electric ---. General Motors -. Great Northern, pfd. -----. Gulf. States Steel ---. = Houston Oil -~...---.----. Milinois Central ... semen International Harvester ---- Int, Mey. Marine pfd. -. Int, Tel. & Tel. ... Invincible Oil -.-----.. Kelly-Springfield Tire -.. Kennecott Copper -----~-. Loutsville & Nashyitle -. Mack Truck -. Marland Oll Maxwell Moto! Middle’ States Oil Missouri, Kan. & Tex. --------- Missourt Pacific, pfd. ~....--- Norfolk & Weatern -.---. Northern Pacific -----------. Pacific Oil ------------------- 50% Pan American Petroleum Pennsylvania .--+------. Producers & sins Standard. Oil of N. J. ---.----- Studebaker Corporation Texas & Pacific wenene-e------ 3544 Tobacco Products ~.---------- 63' pe 8. Ind. Aleohol United States Rubber ~....---- 33% United States Steel 107M Utah Copper .-. 80% Westinghouse Electric -------. 62% Willys-Overland wmenenenee 8% Woolworth erennnneeo 107% and Miners’ line will add two vessela| troubles. The tax in June was. igs proximately $3,800,000. _ Reported test wells drilling on 56 structures in 21 counties of Colorado, Mende Grande oil fleld in Venzula now producing 15,000 barrels daily from 15 wells with 12 wells drilling. Figures for the United States shows 4,594 wells drilling at end of September against 5,404 at end of June. The current report of the Mid- west Refinery company shows four completions in Salt, Creek which have a total production, each one having been shot, of 1,022 barrels, The new wells are: Salt Creek Consolidated well No. 4—A, SE% sec. 31-40-78, depth 2,260 feet; 232 barels after shot. Wyoming Oil Fields well No. 22-A; BE sea.’ 0. ‘depth 1,441 feet; 591 barels, after shot. Wyoming Associated well No. 19-AX, SE% sec. 26-40- depth 1,109 feet; first sand well, 75, barrels after shot. Midwest O11 well No, 2! NW sec. 23. depth 1,670 feet; 324 barrels after shot. —— “15% 15% 205 216 Anglo’ Am. “Olt ----.--- Borne Scrymser f¥ek acs Chesebrough pfd. Continental - Crescent Cumberland - Eureka. Gal. Sig. Com. -------. Gal. Sig. Old pfd. Gal. Sig. new pfd. -. Milinois Pipe Indiana Pipe National Transit New York Transit 20 34 216 «(217 104%-105% Internation: Penn Mex. Prairie Oil Prairie Pipe -------- 8. O. Kan. 8. 0, Ken, = 8.0. N. ¥. .. 8. O. Ohio -. 48. O. Ohio pfd. POTATOES CHICAGO, Oct. 22—Potatoos early trading’ slow, market steady; re- ceipts 107 cars; total U. 8. shipments, 1,178; Minnesota and North Dakota sacked Red River Ohioa 90v@$1.05 South Dakota sacked early Ohjos 850 @%50; bulk 75@85c; round whites 70 few fancy higher; Idaho sacked rur- als $1.50. ns cae ee cal Y Flour. MINNEAPOLIS, Minn., Oct. 22.— Flour, unchanged. Bran, $25.00@ 26.50. SILVER NEW YORK, Oct. 22.—Bar silver, 70%; Mexican dollars, 54%. Swan and Finch ------ Vacuum. - Washington 8. 0. Greybull ..------------------- 1.20 Torchlight ~---.--------~------ 1.20 Big Muduy ..-.... Mule Creek -~--.. Sunburst -------------..-__- Hamilton Dome ----------.-- Ferris Byron Notches -..-------.-------__- Pilot Bptte -------,.---------5014 Lander Ei) :: Stocks he Casper Daily Cribune ee ee Grain AND QUOTATIONS B¥ LEASED | step oc tag Oroemar & Oa Bid Ask 13 or 80 3 Beesemer -----.------- ng Inqan, .----.-.--. Boston Wyoming. ...- s Blackstone Salt Creek Chappell Columbine Central Pipe Consolidated Ro: Cow Guich 08 05, 06% 004% 00% 01 1.30 1.85 ~10.00 12.00 02.04 Preston ---..---.--.-. 01 01% Red Bank -------.-..-35.00 36.00 Royalty & Producers ~ .03% .04%4 Sunset 08% Tom Bell Royalty — 202 Western Exploration ~ 3.15 Western States az 6 05 07% Lance Creek Royalty- Ol Mike Henry —.-._ Mountain & Gulf — New York Of1 Picardy NEW YORK CURB CLOSING Bia Asked 20.00 1b 26.25 7.50 9.00 209.09 210.00 11.00 11.25 $6.26 Mountain Producers — Glenrock Oil ~ Salt Creek Prds, Chicago Prices. CHICAGO,. Oct. 23.—(U. 8. De- partment of Agriculture.)—Hog: Receipts, 20,000; very uneven; large- ly steady with Tuesday's low point; few sales weak to 10¢ lower; narrow demand; top, $10.35; bulk good and choice 200 to 350 pound averages, $9.65@10.25; majority desirablo 140 to 180 pound welght, $8.25@9.30; bulk packing sows, $8.90@9.20; bet- ter strong weight slaughter pigs, mostly — $7.60 $9.75@10.35; $9.60@ +; Nght, $8.35@10.00; ight light, $7. 15@' 15; packing hogs, smooth, 0@9.30; packing hogs, rough, pe dag 00; slaughter pigs, $7.00@ Cattle—Receipts, 16,000; yearlings and desirable handy weight fat steers, fairly fully steady; numerous tonds’ yearlings, $12.50; welghtler and half fat steers and grassers, slow, weak to 2hc lower; bulk fed steers, $8.50@10.00; sold early to killers; cows and bulls, generally steady; lower grades cows, more active; bulk canners and cut- ters, $245@3.25; bulk bologna bul $3.75@4.10; veals, steady; bulk packers, $9.50@10.00; few $10.25; up- ward to $11.00 to outsiders; stockers and feeders, generally steady. Sheep—Receipts, 17,000; © active; Yat lambs, strong to 26¢ higher; bulk natives, $13.75@14.00; packer top, $14.25; shippers, $14.85; culls, $11.00 @11.50; choice rangers, $14.00@14.2: come back to killers, $13.75@14. cholee fed clipped lambs, $12.60; fat sheep, strong; best ewes, $5.00@ 00; feeding lambs, strong to 25 higher; bulk sales, $13.75@13. come back westerns as feeders, $13.50@13.75; full mouth breeding ewes, $7.00@7.50. Omaha Quotations. OMAHA, Neb., Oct, 22.—(U.. 8. Department of Agriculture.)}—Hogs —Receipts,- 6,000; slow, around 15c lower;. packers buying sparingly; ule 200° to 300 pound butchers, .25@9.75; top, $9.90; desirable 160 to 200 pound weights, $8.50@9.2! packing sows, mostly $8.90@9.10; bulk of all sales, $9.00@ average cost Tuesday, $9.39; weight, 249. Cattle—Receipts, fed year: lirigs and medium weight steers, ac- tive, steady; several icads long year- $ prime mixed yearling steers ahd heifers, $12.00 choice steers Averaging around 1,300 pounds, $11.00; wegihty steers, very slow; grass cows and heifers; active, 10@25¢ higher; canners and cutters 10@16c jigher; bologna bulls, strong: fully steady; stockers and feeders, slow; draggy on very nar- row demand; bidding around 25c lower; bull grass cows and heifers, $3.50@5.50; canners and cutters, $2.40@3.40; bologna bulls, $3.15@ 3.35; practical veal top, $10.00. Sheep—Receipts, 6,500; lambs, ac- tive, mostly 10 to 15e higher; top, $13.60, paid for one load fed west- no choice fat range lambs $ D13.50; fed lambs, $11.90@ sheep, no choice fat ewes here; » 10@15e higher; early sales feeding lambs, $12.86@13.26; full mouth breeding ewes, $6.50@6.70; no choice ewes included. Denver Prices. DENVER, Colo., Oct. 22.—Re- ceipts, 1,100; slow; carly sa'es most!y 10¢ to 150 lower; several loads, $9.50 others § $9.25@79.4 packing sows mostly $8.00; few tat pigs, $7.50. Cattle--5,000; caly $5.00; fat she stock, steady ta strong; calves steady to 260 higher: feeder steers, 100 higher: cther clarses, steady cows, $3.35@4.00; canners and cut- ters, $1.75@2.75; mixed cows and heifers, $4.40@4.50; best grade feed- ers, $7.000@)7.25; others, $5.25@6.40; good to choice vealers, $8.00@9.00; feeder cows, $3.25@3, Sheep—Receipts, 36,000; part of run through; several loads back killing classes scarce; early sales fully steady, 15¢ higher; one load 76 pounders, ear fat lambs, alow; few loads, $12.85; few 70-pound lambs to shearers, $12.75; no sheep sold early. few prassers: OILS STRONGER IN EARLY SALES Upward Trend Resumed With Opening of Stock Exchange Trading NEW YORK, Oct. Heavy buying of the Railroad shares, based on expending earnings and merger and dividend developments again featured today’s rising stock market. Industrials began to discount im- proved trade conditions despite the establisiiment of new prices for the year by Bethlehem Steel and four sugar issues, Sales approximated shares. : 1,050,000 NEW YORK, Oct. 22,—Stock prices displayed a strong tone at the opening of today’s market with buy- ing orders particularly effective in the ofl, tobacco and railroad shares, Atlantic Coast Line, Western Union, and Sh ransport opened at net gains of a point while Chicago at Northern preferred and Rut- land raferred established new 1924 23% and 61% respec- The upward movement gainéd in- creasing momentum at trading prog- ressed, short covering accelérating the advance in many issues, Near!) & score of stocks sold 1 to 2 po!nts above last night's closing prices in the first thirty minutes of trading, including such widely diversified shares, as Houston Oll, Afr’ Reduc- nm, Mallinson Silk, Brooklyn Edi- son, Schulte stores, American Hide and Leather preferred, General Elec- trie, Cuyamel Fruit, Bayuk Cigars and Lackawanna railroad. Sugars continued under pressure, due to the unfavorable interpretation placed on political and Indust developments in Cuba, American Sugar Refining losing 1 and some of others yield- ing fractionally. Sears, Roeback fell back 1% points on profit taking after its violent advance of yester: day. Foreign exchanges opened firm. re Speculators for the advance con- tinued in control of the price move- ments throughout the morning despite the selling pregsure exerted by bear traders against American Woolen and the sugar shares and rather heavy profit taking in the Commercial Solvents issues and Sears Roebuck, which extended its loss 2% points. The brisk demand for railroad shares was unabaied, additional new 1924 highs being recorded by Frisco common and Pittsburgh and West Virginia pre- ferred. St, Paul preferred moved up 1%, and Ann Arbor preferred, General Electric, Fisher Body, Nash Motors and American Express ex- tended thelr early gains to three points or more. American Can and Baldwin mado the best showing among _the standard industrials, Cuban Cane common, Punta Alogre, and Great Western Sugara sagged . point or more, all breaking though their previous year's lows. Call money renewed at 2 per cent. Oils were in the forefront of the afternoon but going prices which also took into a marked extent the motors, rubbers, public utilities, Merchandise and low priced rail: roads, with the demand particularly brisk for the Eries and New Haven, American Can got up 2%, Mack Truck 2%, U.*S. Cast Iron Pipe 2 and General Electric 4%. American Sumatra Tobacco preferred jumped eight™points to 32%. Bethlehem Steel made another low at 38% and Lehigh Valley lost a point. The closing was strong. Somo, of the standard industrials reacted moderately in the late deal- ings when Bethlehem Stecl was hammered down to 37%, but New Haven. Railroad moved up to 25% and Gilt Edged Ralls continued in goods demand. Foreign Exchange NEW YORK, Oct. —Foreign exchanges, firm. Quotations in cents Great ritain, demand, 450% cables, 450%; 60-day bil's on banks, 447%; France, demand, 5.234 cables, 5.24; Italy, demand, 4.34%; cables, Belgium, demand, cables, 4.81; Germany demand per thillion, 237%; Holland, 14.32; Sweden, 13. 43; Greece, 1734 Czecho Slovakia, Slavia, 145%$;Austria, .00144 mania, 57%; Argentina, 36. ail, 114 Tokio, 38%; Montreal, MONEY NEW YORK, Oct. ‘all mon- ey steady; high 2; low 2; ruling rate 2 offered at 2%; last 100, 2; closing bit2; call loans against accpetences 1%. Time loans steady; mixed collateral 60-90 days 2%@3. 4-6 months 34% @ 3%. Prime commerajal paper 3@3%. LIBERTY BONDS NEW YORK, Oct. 22.—Liberty bonds closed: 3%s 101.8; first 4s first 4449 102.17; second 4%e hee 4%e 102.10; fourth 44s i States government CHICAGO, Oct. 22.-Butter, settled, creamery extras Standards 33%¢, extra firs! firsts 20@31c, seconds un. receipts 3,916 cases; ordinary first 35@37c. PAGE NINE Livestock :: All Markets SCIENCE TEACHER ARRESTED FOR USING ‘ELECTRIC CHAIR’ WHEAT DEMAND lo [MPROVED Export Trade Brings Price Increase in Chicago Trading CHICAGO, Oct. 22.—Owing large ly to the fact that export businéss yesterday turned out to be a good deal larger than most traders had supposed wheat tended upward in Price today during the early deal- mgs. Need of rain in Argentina to- gether with the higher quotations at Liverpool, counted also as a bullish factor. On the other hand, condi- tions for the crop movement in Can- ada were favorable, and current ad- vices indicated a fair increase of the 1925 domestic acreage of winter wheat. Opening prices, which rang- ed from half cent to 1%c higher with December $1.47@1.47% and May $1.51%@1 were followed by ® moderate reaction and then by a fresh upturn, Subsequently, gossip that new ex- pert. business today totaled 1,500,- 000 bushel had a strengthening in- fluence and so Ukewise did a ma- terial reduction of esthmates of the exportable surplus in Argentina. The was unsettled, half cent to net higher, December $1.47% to $1.47%, and May $161% to $1,51%. Fine weather and ¢xcessive mar- keting of livestock kept corn and oats sales easy. After opening un- changed to half cent up, December $1,084, @1.08%, below sterday’s finish. Assertions that farm reserves of corn are about 40,000,000 bushels more than was the case a year ago, goted as a handicap to frienda of higher prices. The close was weak, %e to Sec net lower, December $1.0T% to $1.07%, Oats started at % to 4c advance, December 53@53%0. Later moder- ate declines took place. Sharp new breaks In the hog mar- ket pulled down provisions. Wheat— Dee, - Open High Low Close 147) 148 1.46% 1.47% 1.61% 1.52 1.60% 1.51% 1.33% 1.38% 1.32% 1.33% w--= 1.08% 1.0814. 1.06% 1.07% w--~ 110% 1.10% 1.09 1.09% aae~ 1.10% 1.11% 1.09% 1.10 53% 57M 54K 53 iM 53% 52% 56% 53% % 56% ba 1.827% 1.30% 1.307% 1.83% 1.31% 1.31% 118 147) 117 15.90 14.40 15,60 14.10 15.70. 14.27 12.70 12.45 13.97 12.80 Grain and Stock Opinions From | Brokerage Wire | Stock Opinions, Block Maloney: Railroad stocks are in special favor and are not likely to suffer much, whatever the outcome of the election. We fayor their purchase on all setbacks. Hornblower and Weeks: Nothing suggests that a broad upward move- ment is in the process of formation, while evidence that stocks have been well sold and are still in supply at definite levels obtainable, Pynchon & Co.: We continue to suggest a minor trading position until such time as the balance of power makes itself felt and a gen- eral trend is re-established. Miller & Co.: We still believe that the market will continue to be a purely trading affair until after the election, . Hayden Stone: ‘Some further re adjustment of prices to earnings ts, we believe, likely. This is not say- ing that we look for any drastic decline. Prince and Whitely: Railroad stocks are in good demand on mod: erate reaction and a higher trend is looked for in them. Livingston & Co.: We believe a good many stocks can be bought on sharp dips but we would not follow rallies up with buying orders. Grain Opinions. Harris Winthrop; Prefer to see some evidence. of foreigners - re- entering the market. Stein Alstrin: The reaction has improved the technical position of the market. Bartlett Frazier We expect heavy export takings to overcome the present local ‘bearishness in wheat, Ultimately we look for very high corn prices. ~Hulburd Warren: We feel friend. ly' to wheat on breaks. Jackson Brothers: We favor long side on all substantial setback: Thomgon McKinnon: +The foreign demand which put wheat high ap- Pears to be subsiding. Thero is, therefore, Iittle incentive for ad vance unless Argentiie news be- comes very unfavorable. SUGAR NEW YORK, Oct. 22.—A continu fair hand to mouth inquiry was reported in refined sugar.at un ehanged prices which ranged from $7.15 to $7.10 for fine granulated. Refined futures were nominal. Sugar futures closed easy; approx imate sales 16,000 tons. December $3.86; January $3,43; March $3.16; May $3.23. BARNESVILLE, Minn,, Oct. 1. T. Upsahl, scionce teach: the high school here is at liberty under bond following arrest charge of using an “electric to punish one of his pupils The complaint was filed by Fred Tenneson, railroad wroker, who de clared that the instructor caused severe buins on the body of his 14-year-old son, Earl, “through high voltage applied to the chair,” on October 16, The father declares the boy ‘has a hole in the calf of each leg which looks like wounds inflicted by 2 sharp instrument. Other boys in Upsahl’s class are also said by Tenneson +o have undergone simi lar punishment. Upsahi, about 30 years old, is be- Heved by the pupils to have con- on a chair’ Tower Talk BE. G, Sinclair, superintendent of the exploration department of the Mid west Refining company, and J. B. Midwest engineer, returned this morning from Cheyenne. Mr. Sinclair is giying considerable at- tention of the company's projected test at Powder River. structed the “electric chatr’” “experiment”. -Later, ‘ it useful as an it Is alleged, as means of DRY LAW HERE TO STAY, CLAIM (Continued from Page One.) Rev. J. L. Cromer Mrs. Minnie Fenwick acted as toastmistress, in. troducing the’ speakers and enter taining the banquet guests. Berpecia ly notat the talks le by Mrs, Adrianna Hungerford of Den ver, Colorado .state president, and Mrs. Da m of Cody Mrs. Avery ard of Che presented g from Mrs, le Tayloe Democrati date for governor evening invluded Miss Francis Bowerman, violin selection by Mrs. Margaret Kurta > were enno Ne cand Music for the several solos by The begining has been made in creating a vast market for fuel all. Where ever good homos are being built and no natural gas 1s available, oil burners are being installed. ‘Too, there are signs of constant improve- ments In burners which will event- ually lead to an almost universal use of fuel ofl for home heating. Louls Terril and H. B. Carpenter, Midwest executives, are in the city from Denver, With them is ©. C. Lakin, All aré staying at the com- pany’s official residence. Many ofl men are saying that the Lance Creek oil field will stage a big comeback next year and that other fields will be discovered in the same region. Black oil will come into its own when Wyoming and the rest of the Western states start using asphalt for paving. Asphalt is really the best paving material there is, the longest. wear and the least up- keep expense. When winter hits the oll industry, the season of making predictions and prophecies beings. The big talk all centers around what will be doing in the spring. GOOD WILL IN EUROPE GROWS (Continued from Page One.) fered fn the war even though we might not agree exactly as to the methods. Well, now, thank God, we and a violin duet by Eugene Bundy and Fay Carter. The banquet lasted from 6:30 un. til 10:30 and was replete with a splendid spirit of welcome and Jubilee. Convention sessions at the Metho- dist church today found the num- ber of attending delezates considers ably increased. Religious zeal in the work of the organization is much in evidence and the closing day's pro- grams promise to bring a high de- gree of renewed faith to the state union, LEASE PLOT BY DOHENY DENIED (Continued from Page One.) actions, and their motive, as hes been said, was to “convert erude oil thousands of feed under ground into fuel oll available for instant use” in war time. Owen J. Roberts, spectal counse), for tho government, in opening the ‘o for the pluintife yesterday, alsa essed the connection. of Admira Robinson with the case, but declare@ that Robinson was “an intimate friend of Doheny Sr., and Doteny Jr. and notified them that he had been made chief of the engineering buresou as soon as he received his appointment.” W. G. EVANS OF DENVER DEAD have had the best financial doctors |* in council and they have prescribed a remedy and the different patients bave had the good sense to try the cure prescribed. “Already the effects. of this are visible, although the plan has only actually been in operation a few days. There is, 1 venture to say, more hope, more good will, aye, and more charity abroad in /urope than there has been for ten years at least if not almost from time immemorial. Iam, I fear, a’ natural optimist but when I real the speeches of the va- rious statesmen at the opening of the fitth assembly of the league of nations, I could not help feeling that even those who might disagree with some of the things they said must be convinced that they one and all were inspired with a genuine heart- felt desire to establish a reign of pence on earth and were not paying mere lip service to the causo of peace. “L hope that speeches at strued by any one as an attempt to influence American opinion one way or another with reference to the league. Every American citizen has a right to his own opinion on this subject as on every other and I have no wish to attempt to influence American opinion on this or any other political question of the day, even if I could do so, which 1 aé@ not for a moment believe “All I wish to stress in saying what I have said {s that in my opin: fon, the statesmen of Europe have shown by their public utterances on that occasion that they are more earnest. and truly determined than any refe ever before to lay’the foundation on| enduring peace among mations and for this they should have the credit. VESSEL WITH $300,000 IN BOOZE SEIZED NEW LONDON, Conn., Oct The three masted English schooner Over:the-Top eaptured Monday in southeast of Block Island of 6,800 chses of Scotch ued at here today awaiting The vessel is ed with viola tion of the treaty with Great I ain providing that a vessel carrying contraband may be seized, within bour'’a steaming distance from mudrd federal shore. The schooner has beei - re ported on Rum Mow for ajx weeks Oct. 21.—Wil- ‘olorado = ploneer, banker and one of the widely known men. In the state, died here Jate night. Ho Wasa son of a formor governor of Colorado, His father, John Evans, was one of the founders-of North: Western university. Eyans was the organizer of the first railway system in Den- ver. Ne was president of the Den- ver ity Tramway company from 1902 to 1912. He was chairman of the state railrond commission of Colorado from 1919 to 1921 and was widely known in I 1 political circles. Since 1 . Evans had served as presi of the Evans Investment company, .which had heavy financial holdings in Denver dnd the west. LIQUOR VIOLATOR 1 FINED $100 IN GOURT M. E by Judge A court last night. Boatwright was charged with violating the Jquor ordinance He was arrested yester- day morning. most nt was fined $100 Murray.-in police _——— = VISITORS who know Los Angeles will tell you that, despite its excele lence of service and cui- sine, Gates Hotel rates are no higher than those of other good hotels. Centrally located—easily and quickly accessible to every point. RATES FROM 91,50 PER pay PINIng room under hetet m: Lee Heliaday, Pres.