Casper Daily Tribune Newspaper, October 24, 1924, Page 9

FRIDAY, OCTOBER 24, 1924. Finance WOOL PRICES FIRM AT CLOSE OF WEEK Scale, Boston Says; Contracting of 1925 Clip is Feature of Week SBOSTON, Mass., Oct. 24.—The Commercial Bulletin will say tomor- row: “The strength of the raw wool market persists undiminished. While the eftuation among the retail and wholesale clothlers leaves very much to be desired, the manufac- tufers evidently are looking ahead to business and already are buy- ig considerable welghts of wool on January 1 dating. Election results = to be erally discounted. ““The news of spreading contract- ing of the 1925 domestic clip is of special interest. In Wyoming 4215 and 43 cents is understood to have been paid, with rumors of 45c re- fused. Elsewhere attempts have been made to contract. with some success, while in Texas the fall Kerr-; ville wool is reported to have been sold at slightly rising 48 cents, or rather on the upper side of $1.25, clean basis, landed Boston. “The financial. difficulties in Bos. ton have been settled and the mar- ket is slightly firmer. ig feeling better. Cotton Trade Bradford also |- American= Can Market on Larger|Amerses im “Mohalr is firm at the recent ad- vances,” The Commercial Bulletin will pub- sh the following wool quotatons tomorrow: «Domestic: Ohio and Pennsylvania Pieces: Delaine unwashed 62062 %c; half blood combed 60@61c; %-blood combing 58@60c. Michigan and New York fleeces: Delaine — unwas! blood unwashed 68@59c; %-blood un- washed 58@59c; %{-blood unwashed 57@58c. Wisconsin, Missouri, and average New England: Half blood 57@58c; %-dlood 56@57%c; %-blood BE@sEc. Oregon: Eastern No. 1, staple $1.42 @1.47; fine and F. M, combing $1.35 @1-40; eastern clothing $1.20@1.25; Valley No. 1, $1.28@1.32. Territory: Montana and similar: Fine staple choice $1.48@1.53; half. combing $1.15@1.20; %-blood comb- ing $1.00@1.05. Pulled Delaino $1.52@1.85; AA $1.50@1.52; fine A supers $1.30@ 1.35; A supers $1.20@1.25, Mohair: Best combing 80@8be; best carding 70@75c. Reacts to ‘Amoskeag Announcement é . By J. C. ROYLE (Copyright, 1924, Casper Tribune) ‘NEW YORK, Oct. 24.—The cotton trade was sharply divided in its ro- antions to the announcement that the Amoskeag Mills, one of the larg- eSt manufacturing plants in the World, had decided to pass its quar- terly dividend. The statements from New England which accompanied the announcement laid stress on the severity of the textile depression. Im other sections, some close stu- Of the situation profess to see ‘ jus other considerations in the miove aswell. According to the goods trade htre, the response to the opening of the Amoskeag spring ginghams at prices bicep equivalent to those of year has not been entirely satis- feetory, Buyers undoubtedly expect- @ marked reduction of prices And puthern mills, which have announc- _thein.spring gingham prices have south, the pla, < “mills started this na 24- gue, schedule. Griffin, fopyrisht, 1924, Casper Tribune) WILMINGTON, Del—The Dela- ware grape crop has been a success this year. Prices obtained were as much a8 85 to 90c a 12-quart basket aS compared with 55c to 6c last year. More than 30 per cent more grapes have been shipped than in 1923. SAN JOSE, Cal.—The California Prune and Apricot Growers’ associ- ation, in a revised estimate fore- casts the 1924 California prune crop 85 per cent of that of last year. 1 sizes and a better sort pre- vail than last year. PORTLAND, Ore—M. J. New- house, ‘sales manager of the North- west Prune Growers’ association re- ports that demahd for petit prunes in France is encouraging and that Germany is a big bidder for small sized prunes grading below 70s. Automobiles. DETROIT—Creditore of the de funct Columbia Motors company are expected to receive about 15c on the dollar. The bankruptcy sale held this week ylelded $184,500 for real estiute equipment and materials. Liabilities were In excess of $1,000,000. Flour. KANSAS CITY—Flour buying has net recovered from the dullness which developed when wheat ad- vanced two weeks ago, although wheat has been down, since. The do- mestic trade is of a hand-to-mouth character and foreign demand has fallen off. Sugar. ST. PAUL—The sugar beet acre- age in Minnesota this year totals 28,000 acres, an increase of 400 per cent in the last four years. Dry Goods. ST. LOUIS—Advance orders for ary goods are increasing and volume of business, due to delay in placing fal} orders, together with recent eur- tallment of mills, is making prompt delivery difficult in some lines. Steel. PITTSBURGH — Plates are now Aquotable here at $1.80 to $1.90. $1.90 to $2 for shapes and £2 to $2.10 for bars f. 0. b. mill Pittsburgh district. Coal. MINNEAPOLIS—Minnesota state officials report bituminous and an- thracite coal'at the head of the lakes as totaling 5,531,000 tons an increase of 800,000 tons over a year ago. Rice. GALESTON—The condition of the Texas rice crop is reported 87 per cent of normm!, with a probable and extended activities are reported from other southern textile plants. Hundreds of mill executives, gathe ed at Greenville, 5. C., textile expost- tion, report a better outlook in the industry. it is generally known that. the Amoskeag company has pati divi- dends in late years from surplus rather than earnings.” This, it is stated, is due partly to’ southern mill competition, partly to high Wages paid operatives and partly to ® general textile The company entered negotiations. a month ago with its employes for a 20-per cent wage reduction, with as. surance of a five-day week. The op- eratives agreed.to a 10-per cent cut, qut-the company, evidently deeming that saving inadequate, left wages as they were, Labor men see in the passing of ge eretions, tm many. tm in oor 7 full time long. shutdown with | Wages 12% per cent under the for. mer ¢ Lumber FORT WORTH—The W. Cc. Belch- er Land Mortgage company, of Fort Worth and L. W. Fields of Whites- burg, Ky., have purchased several thousand acres of timber and coal ‘ands in Letcher county, Kentucky, from the Mineral Development com. Pany of Philadelphia. The tract con- tains about 100 million feet of hara- on BOSTON—Massachusetts voters will register thelr opinion at the coming elections on a proposal to levy a gasoline tax of 26 a gallon us is now done in some other states, The proceeds would be divided be- tween the state department of pub- lic works and the municipalities rais- ing the funds, TULSA—Drilling of several more Wells in the Cromwell field ts antic- ipated as a result of Tidal company's strike which established the field on another geological sand east of the present field. . PHILADELPHIA—All the larger tobaceo factories are working at full speed to fill the demand for holiday tobacco..One large cigar factory is conducting a strong campaign for securing additional trade territory, —— Foreign Exchange NEW YORK, Oct. 24.—Foreign exchanges, Quotations ; Great Britain, demand, 44! 449%; 60-day bills on bank: 446%; France, demand, ; 4.33%; Beligum, cables, 4.81 demand, % Germany, demand, per ‘trillion, 23 Holland, 39.23; Nor- way, 14.28; Sweden, 26.60; Det mark, 17.14; Switzerland, 19.237 Spain, 13.44; Greece, 173%; Poland, 19%; Czecuo Slovakia, 2.9814; Jugo Slavia, 1.43%; Austria, .0014 Ru mania, 5644; Argentine, 36.75; Bra- wil, 11.25; Tokio, Montreal, 100. * SUGAR NEW YORK, Oct, 24.—Busin in refined sugar was again limited to nearby requirements, with prices unchanged at $7.15@7.50 for fine granulated, Retined futures were nominal. Sugar futures closed steady. proximate sales 15,000 to ber $3.93; January $3. $3.17; May $ Ap- Decem- March ican eesin. American Smelting @ Refg. -. American Sugar ~.--~----.- American Tel and Tel, ---.-. American Woolen -..----. American Zinc, Lead and Sm._ Chile Copper -. Coco Cola _ Colorado Fuel an Crucible Steel ------.._.... Cuba Cane Sugar pfd. —_.. Davison Chemical --... Du Pont de Nemours .-. General Motors ----....-._ Great Northern pfd. ~-....._ Gulf States Stedi Houston » Off a oe Kennecott Copper Louisville and Nashyille Mack Truck Marland Oil — Maxwell Mottors A Midd'e States Oil New Orleans, Tex. & Mex, New. York ' Central Texas and Pacitic --------. Tobacco Products -. ‘Transcontinental O11 Willys Overland Woolworth ----.. Buckeye --------------- © Chesebrough Mfg. Chesebrought, pfd. -.- Continental -----------~ Crescent -...-------—--- Cumberland Eureka ~..-.. Gal. Sig. Com. «. Gal. Sig. Old pfd. Gal, Sig New ptd. Llinots Pipe Indian Pipe ~. National Transit --... New York Transit ---. Northern Pipe ~.-.----~ Ohio Oil --.. International Pete Penn. Mex. -------.---. Prairie Oll ----.------- Prairie Pipe -.--.---.. Solar Refg. --------. Bo. Pipe ..se<qensnnonne So. Penn Oil ---..----. 8. W. Penn Of 5. 0. Ind. . O. Ki Bonds Stocks Che Casper Daily Cridmne Grain : 78 AND QUOTATIONS B¥ LEASED WI 11% 182% |\Bessemen -.---...-_. 164 | Boston Wyoming 28 79% [Buck Creek -. 178% | Burke ------_.-_.-_. 4% | Blackstone 127% [Chappell -- 161% | Columbine —-._.. 53% | Central Pipe _.._.. 8% | Consolidated Royalty — 36% |Cow Gulch 106% | Domino 135 | Elkhorn __ 118% | EB. T. Williams Jupiter Kinney. Coastal -..--_ 45% | Lance Creek Royalty— 34% | Tom Bell Royalty ---_- .02 70% | Western Exploration. 3.15 37% | Western States 27 |X on o4 Si | NEW YORK CURB CLOSING 28% 83% ~ Mountain Producers _ Glenrock Oil --.-.-.-- Salt Creek Prdsz ...-. Salt Creek Cons. -... New York Oh -..---.. 82% 14% 16 46% 98 100% 35% weight mostly 25c lower; Bid Asked CHICAGO, Oct..24.—(United States Department of Agriculture)}—Hogs— Receipts. 28,000; irregular; desirable grades strong to 10c higher; under: spot off 67% | more; others largely unchanged; de. 1% | mand broad; extreme top $10.6! 15% ; bulk good and choice 180 to 350 pound av- 57% | erages largely $9.65@$10.45; majority 154% | better 140 to 170 pound weight $8.25 107% | @$9 107% | $9.30; di ‘J ; bulk packing sows $9.00@ rable strong welght slaugh- ter pigs largely $7.50@$8.00; average 125% }|.cost to packer and shipper droves of 63% | hogs here Thursday $9.57; weight 229 pounds BL fr $10.00% $10.6: 51% heavy weight hogs ; medium $9.75@$10.50; it $8.25@$10.50; Nght ight $7.00 27 Packing hogs smooth $9.10 packing hogs rough $3.80@ laughter pigs $7.00@$8.00. 43% Catle—Receipts 5,000; 16% | Bra around stead; 109% | 1,000 17% | ers § 68: ia native 65% steers $7.50@8:! fed steers 75% | run generally plain; all classes and ca two loads und yearling steers and heif- .25; weighty steers averaging around 1,450 pounds $10.55; bulk fat 10; string western grass steers held long 77% | Slightly above $6.00; light heifers and 58% | lower grade sows fairly active; bulk 3614 | bologna bulls $4.00@$4.25; veal cal- 39 ves scarce; 41% 3655 stockers and feeders slow; bulk natives $5.50@$6.50. Sheep—Receipts 18,000; early sales 64% | fat native lambs weak to 25c lower; 4% | undertone weak; early bulk desirable 139% | Dativeh $13.50@$13.7: 95% | Pers upward to $14.25; 116 13 $14.00; best bid $18.75; 32 0@$13.75 mostly: 107% feeding lambs steady 81% | feeders $13,50@ $18.75, 62% 8 Omaha Quotations. 109% few to ship- no strictly choice rangers offered; best held at come back fat sheep and early sales. OMAHA, Neb., Oct. 24.—(U. S. De- partment of Agriculture.}—Hogs. Receipts 5,500; st to 10c lower; close weak; bulk good and choice 200 to 300 pound butchers $9.40@ 9:75; few loads upward to $9.90; lone load to Outsiders $10.0 160 to 200 pound weight desirable $8.50@ 9.35; light lights downward to $8.00, packing sows bulk of all sales $9.15@9. 3; $10.00; average cost Thursday $9. “| weight 253. largely $9.10@9.25; top 43; Cattle—Receipts 2,200; fed steers and yearlings moderately tive; fully steady; long yearlings $10.90@ i; few loads short feds $7.75@ other killing classes generally steady stockers and feeders nomi- nally steady; bulk grass cows and heifers $3.50@5.25; canners and cut- 22% | ters $2.50@3.! 59 80 3.25; veal top $10.00. Sheep—Receipta 4,00 ; bologna bulls $3.15@ | all classes 934 | steady; four loads fat range lambs 20% | $13.50; 35 218 105 185 90 133 80 58% | highe: 36 | choice 200 to 118 42% | sows $8.00@3.2 815 | 8,00; stock kind $6, 118 Cattle—1,800; ca 72% | atendy; 31 | sol 246 | higher: $6.10@7.10; stock helfers $4.25. Sheep 21,900; active; clipped $12.00@12.25; best $6.00; feeding 1. Denver Prices. DENVER, Colo., Oct. 7.00. fat steady to weak; two loads 78 pound heep and feed. choice breeder 1.20 | ewes $7.10; choice feeder lambs ayer- - 1,15} aging 55 to 60 pounds $13.15; med- ~ 1.15 }ium to good kind $12.60; one load weights $13.25 flat; ¢ra steady to stroni 1,20] to shearer buyers $13.90. pl rans tata a wer ewwenespenns------ 1.20 Big Muddy Mule Creek Sunburst Hamilton Dome Ferris .-----..--~-- Byron Notches ~.---s--we--n--= eee n Pilot Butte ~....-... Lander .--+---see0 ‘For results try a Tribune Classt-| 900; tied Ads, * woeeen=-5014) bulk 750@ She; POTATOES CHICAGO, Oct, early trading moderate, 1.05} nesota’ and North Dakota ‘Wiseonsin T5e@00¢; few fancy higher. natives $13,25@13.65; em 250; practically no killing stock few good vealers $8.00; some several loads feeder stock cows $2.50@3.40; 24.— Potatoes arket firm +99] on good stock; receipts 96 cars; total -0} United States skipments 1,356; Min sacked 1.80] Red River Ohios 950@$1.05; South $6) Dakota sacked early Ohios 85c@95c; North Dakota bulk -10| Rod Rivers 90c; Minnesota and Wis- consin sacked round whites $0c% bulk round whites fed ewes bs top $13.25. 24.—(U. 8. Department of Agriculture.)}—Hogs —Recelpts 250; mostly steady; top load /$9.70; other good to 240 pound averages $9.50@9.60; few head $9.40; packing few fat pixs $7.75@ steers lambs spots STOCK PRICES HOLD STRONG Upward Movement Takes on Broad Proportions in New York NEW YORK, Oct. 24,— Stock Prices continued to forge upward to- PAGE Livestock :: All Markets GRAIN SLUMP | BRINGS RALLY Early Weakness in Wheat Trading Followed by Upturn CHICAGO, Oot. 24—Moderate new declines in the price of wheat day despite spasmodic bear selling and profit taking. While buying was spread over a broad list motors, coppers and rails gave some of the best exhibitions of group strength. Sales approximated 950,000 shares. NEW YORK, Oct. 24. — Stock Prices displayed a strong tone at the opening of today’s market, which was featured by the heavy accumu- lation of a selected list of copper, oll. and motor shares. American Smelting climbed 14 points to a record 1924 high at 79% and Max- wel! Motors A and B touched new Peak prices at 66% and 21% respec. Uvely. Nash Motors and U. 8S. Cast {ron Pipe advanced 2 and 11g points respectively. The upward movement assumed broader proportions as trading pro- gressed with the best buying in the industrials and specailties. Nash Mo- tors extended its early gain to 3% points and General Electric to 2, Fleischmann advanced 2 points to & new peak at 78%. Others stocks to sell a point or more above Thurs- day's closing quotctions were Bald- win, Famous Players, Central Leather preferred, Mack Truck, Rut land preferred, Texas and Pacific and New York Air Brake A, the last named at a new year’s high, Foreign exchanges opened steady. ‘The main trend continued upward throughout the morning. The rapid- Ity with which some stocks advane- ed on a small turnover indicated a scarcity in the floating supp'y at urrent levels which probably ac- counted for some active short cover- ing in various sections of the list. New favorites were brought forward in the railroad list, Chicago and East- ern Illinois preferred rising 3% points and Rutland preferred three the latter at a new high. Bethlehem Steel common was strong, indicating that the poor quarterly report had been apparentiy discounted, but the preferred issues were heavy. Amer- can Tobacco issu supply whie American Woolen pr ferred broke through its previous low. U. 8. Cast Iron Pipe, Central Leather preferred, U. S. Alcohol and Goodyear preferred extended their gaing to two points or more while St. Joseph Lead, International Nickel and Kentucky Southern com- won were added to the list of now 1924 highs. Call money renewed at two per cent. Crucible Steel, American Woolen ind a sprinkling of miner stocks were heavy in the early afternoon, but the usual leaders crept steadily thead on increased dealings. United States steel crossed 108. S. Cast Tron Pine touched 115%, and Mack Truck and American Can brought 101 and 132 respectivel: Reading, White motors and Cuba Cane Sugar preferred sold 2 to 21% points higher. The closing was firm. Coalers were bid up briskly In the Iate deal- ings, Jersey Central soaring 14 points, Lehigh Valley touching 64%, the highest since the segregation of teh coal properties and Lackawanna and Norfolk and Western each climb- ing 1% paints. Industrials shaded on realizing, CHICAGO,: Oct.. 24.—Butter high- er; creamery extras 37c; standards 84%4¢; extra firsts 34% @36%4; firsts 3014 @32; seconds 28@2%c, Egss unchanged; receipts 2,692 cases. | ver ; NEW YORK, Oct. *—nar silver 70%; Mexican dollars 54%. ——__ MONEY NEW YORK, Oct. 24.—Call money steady; high 2; low 2; ruling rate 2: closing. bid offered at in; Mast loans, steady; mixedcollateral, 60-90 loans stead: mijed collatertl 60-90 days 2%@3; 4-6 months 3%@314; prime commercia! paper 3@3%. LIBERTY BONDS NEW YORK, Oct. 24.—Liberty bonds closed. 3%4s 101.8; first 4%e 102.15; second 4%4s 101.22; third 443 102.10; fourth 4%8 102.21; United States government 4%{# 106.28. eens METALS NEW YORK, Oct. 24.—Copper firm; elecrolytic spot’ and nearby 13% @18%; futures 13%. Tin firm; spot and futures 52.12. Iron steady and unchanged. Lend firm, spot $8.40@$9.00. Zinc firm; east St. Louls spot $6.42@ $6.45; futures $6.45@$6.50. Antimony spot $11.75. omens aaage FLAX DULUTH, Minn., ¢ flax October $2.41%4; December $2.38; M. . 24.—Clowe, ember $2.43; COTTON NEW YORK, Oct. 24.—Cotton spot quiet; middling $23.35. took place today during the early dealings, Further rain in Argentina tending to improve the crop outlook there, counted as a bearish influence. Reports Were also at hand telling of beneficial rains in Australia, The opening, which varied from %c low- er,to an equal advance, with Decem- ber $1.447% to $1.45 kid May $1.48% BUSINESS BRIEFS PITTSBURGH—Buying of gener- al lines of steel products has fallen oft in the last week: In somo fin- ished steel Mnes, there {s fully as heavy demand @ fortnight ago, merchant pipe and wire products be ing in this class, but in sheets, oil country goods and heavy rolled pro ducts, there has been a decline in or- ders, There is fair hand-to-mouth buying of tin plate. Prices of bars shapes and plates:in Pittsburgh ter- ritory, have eased off a little more. The local pig iron market ts in a period of extreme quiet, with prices nominally unchanged. to $1.49, was followed by a general setback to about lo under yester: day's finish, but then by a good rally. Subsequently, scattered lquida- tions and a notable lack of aggres- sive buying led to fresh downturns in price. There was persistent sell- ing on the part of a house with foreign connections, Apparently, spread trades between Liverpool and Chicago were being closed. ‘The finish here was heavy, 1%c to 3%c net lower, December, $1.41% to $1.41% and Many, $1.46 to $1.46%. Corn and oats were eased down wheat weakness and by fine Weather, After opening unchanged lower, December $1.05 to #, the corn market underwent a fractional sag all around and then recovered somewhat. Announcement of the first ar- rival of new corn here this season was & pronounced bearish factor. later, Export sales of 600,000 bushels of corn failed to act as an offset. The close was unstable 3% to 3%%c net lower, December, $1.01% to $1.01%. Oats started at %c to %c off, De- cember Sle to 51%c. Later the mar- ket declined a little more. Provisions were without support despite an upturn*in hog values. Open High Low Close 1.45 1.49% 1.31% 141% 1.46 1.30% 1.41% 146 3 1.30% Corn: oe 04% ~=1.07% ~-1.08% 1.05% 1,08 1.08% 51% 55% 53% 1.01% 1.04% 1.06% 1.01% 1.04% July 1.05% Oat: Dee. May July == 381 -- 55% -- 53% ABH 52% 50% * 48% 52% 50% 1.29% 1,30% 1.13% 1.25% 1.26% 1.18% May - July --1.13% 15.25 14,00 15.00 18.55 12.70 12.30 13.87 eo-~ 12.62 CHICAGO, Oct. 24.—Wheat, num- ber 3, red, $1.47%; number 2, hard, 1.4145 @$1.42%. : Corn, number 2 mixed, $1.044%@ 1,054; number 2, yellow, $1.04%@ 1.06; oats, number 2, white, 48%@ 49%c; number 3 white, 46% @47%c. Rye, number 2, $1.25@1.26%; barley, 78@81c; timothy seed, $4.75 @$6.50; clover seed, $18.00@29.00. Lard, $16.00. Ribs, $13.50. Bellies, $14.87. Tower Talk There will be a 1925 International Petroleum exposition in Tulsa, ac- cording to present talk there. This apparent decision comes on the heels of the controversy as to whether it is good policy to hold the exposition every year, every other year, or every three years. Plans are being made by the directors to finance the purchase of the present exposition grounds. The American Petroleum Insti. tute will hold {s meeting this year at Fort Worth, Texas, in December. This ts the first time in the history of the organization that it has de- cided to convene west of Bt. Louis. Plans of the Kentucky state legis- lature to make a state production tax supplant all other taxes on oil companies,-has been declared uncon- stitutional, according to the Ken- tucky Oll Men's association. The United States Fleet corpora- tion is after 5,520,000 barrels of fuel oll to be delivered to {it at three. Cal- {fornia points, starting November 1. Bids have been called for. Manufacturers of off burners are being urged by ofl men to reduce the specifications for burner oll. These specifications generally are made by the burner markets with- out any regard for the source or cost of such oll, A study of the specifi- cations show elght or nine different grades of off for a list of actively wold burners when one or two, a Ughter grade and a heavier grade, would suffice, A néw regulation compelling per. sons who drill for oll or gas in the state of Indiana to furnish the state conservation department with a log of the test has been put Ino opera- tion. An odorless kerosene {s said to be Produced from crude of] found in the Cat ereek field of Houston. N. Shaw, of the Midwest company, suggests “send Warren to W keep the flowers baékyard.”" Tracy Refining Wyoming ington and home—in the Market Of Summary. Because of erection of high board ence around rig of Superior Ol! company at Shettler, 17 miles south of Les Angeles conctusions thave been reached that a new oil field has been discovered, Los Angeles dispatch states. Reported in oll circles that an al- PORTLAND, ORE.—Bank_ depos. its in the Pacific northwest have in creased materially since mid-year, the gains in some Instances being 10 percent. The gain in deposits is at tributed by bankers to sales o: cro) The gain in loans has been srr BOSTON—In an effort to compen © the Boston Elevated Railway company for the recent increase {r costs entailed A Wage advance ¢ employes, all fares will be abol ished November 1 and 6¢ fares sub stituted. a whole. It \s likely that any de- cided movement will. be witnessed Prior to the election. a Flour, MINNBAPOLIS, Oct. 24.—Flour| unchanged to 10 cents lower; fami! patents $8.10@8.15 a barrel. Bran $25.00@25 DEFEAT WOULD loged row between Standard Oi) of New Jersey and Gulf Of] has been Patched up and’ that Standard Oil will abandon proposed gasoline war in the soyth, 4 ‘Wall Street Journal hears that Mu- tual Oil may be nucleus of oll mer- ger soon as situation ts favorable. Indications that market operations have been resumed in invincible oll. Strength in Caribou syndicate due to belief that a definite decision re- garding development work will be made in next few months, Journal of Commerce hears that Marland Oil plans to bring out $20, 000,000 of six per cent bonds and thereby secure additional funds and scale down prererit bond Interest charge which are due to 7% and 8 per cent coupon rate. Mexican Seaboard Oil now largest producer heavy oil in Mexico, General Summary Household Products dectared reg- ular quarterly 750 dividend payable December 1, to stock of Noveriber 16. New York,-Chicago and St. Louis September ‘surplus after charges was $746,028 against $200,756 in 1923, American Hide and Leather calls special meeting of stockholders for December 9, to vote on capital read- justment. Plan contemplated , pur- chase.by company from banking ayn- dicate of 15,000 shares of company's preferred at $69 a share and of 13 per cent of preferred outstanding. Present holders will be given addi- tional option of exchanging 32 per cent of their holding for 8 per cent prior preference stock and retain 55 per cent of thelr holdin which will stil! carry the 140 per‘ cent: ac. cumulated dividend. New York Times declares Ameri- can interests have given no definite answer to attempt of Krupp and Stinnes interests to form interna: tional steel combine which would in- clude United States, England, France, Belgium and Luxburg. Brit ish interests hesitate, Manhattan Electrical Supply earn- ed 39¢ a share in third quarter against 29c a share in same quarter last year. Coca Cola files answer to suit In which commissioner of internal rev- enue séeks to collect $6,833,000 ad ditional income and profits taxes; denies taxes were ‘legally asses: | Grain and Stock | | Opinions From Brokerage Wire | Gr BARTLETT Upinions. FRAZIER.— Con: tinue to believe in higher prices. HULBUR! WARREN AND CHANDLER.—For the moment the market seems to have gone sta’e. STEIN ALSTRIN.—The markets looked very uncertain at the finish. In the long run we expect higher prices, JACKSON BROTHERS.—We ex- pect higher prices later, THOMSON McKINNAN.—Outside interest is waning noticeably, which condition {5 not promising for a sus- tained upward movement. Stock Opinions, PRINCE WHITELY.—Motor wks, particularly the truck shares, have possibilities for a fair advance in reflecting improving trade conditions. BLOCK MALONEY—Low priced rails and other stocks with good dividend prospects promise to work higher and may be bought on re. versions but we would not follow stocks up. On. strc spots we would reduce lines as the market will continue two sided for atime. PYNCHON AND CO.—Every conservative position should be fol lowed until after election. MILLER AND-CO.=The market {s still a professional affair and dangerous and ts likely to continue such until after the élection HORNBLOWER AND WEEKS. Any reaction developing 1s almost certain to. be followed by | another rally, Our guess is that such a rally will start from whatever levels may be selling at just prior to the United States Steel meeting next Tuesday and run up to ele tion day or maybe until after tion. We i buy St. P: ny réaction between now wou pre LIVINGSTON AND CO bellevé the market somewhat dangerous from this standpoint of We still e’on dance is to be given at the Elks auditorium 4n Odtoher | 1 by the Midwest Refining com-| pany for its employes and friends. An bulls and we advise buying only on COMING EVENTS.—There js no change in the market position as BE CALAMITY (Continued from Page One.) Jamming about the difficult time the| workers haye’ while the rich men reap the harvest, while deep down in his heart he knows that we must. have rich men to promote“big busi- ness and meet the pay checks every # week. “If any such calamity as the eleo- tion of LaFollette took place the first thing that would happen would be a retrenchment of all big bust- ness, and the first to retrench would be the Standard Oj] company. “It 1s not difficult to see under those conditions that the Standard would close down the majortiy of thefr operations including a large part of the Casper refinery and where would the men who olected LaFollette be at that stage of the game. They would be out %f a job an dthe country would be on the verge,of not in, the wrost panic in the history of the country. “Vote for Coolidge and vote for Warren if you want your interests, protected in the way they should be protected. RESPONSIBILITY IN TRAGEDY NOT FIXED CHEYENNE, Wyo., Oct. 24.—~ A coroner's jury Investigating the death of Richard Bennett, 13, whe was killed when struck by a motor truck October 17th, Thursday ree turned a verdict in which respons: bility for the tragady was not fixed, The, verdict merely relates that the boy was killed when run over by @ truck operated by the Read Con+ struction company, when the driver of this truck swerved fn an effort to avoid a collision with a truce driven by J. EB. Adamson. Hallowe’en Party ' Expected to Take Place of Violence CHEYENNE, Wyo., Oct. 24.—~ Cheyenne Kiwanians, Rotarians and Lions will co-operate 6n Hallowe'en in diverting the minds of local youngsters from harmful mischief, The clubs will hold a Hollowe’en par- ty on the high school plaza, with @ big bonfire and sports, which is de- signed to Keép the youngster inter- ested until 10 p. m, after which taey will be entertained for another hour with a moving picture show .in the high school auditorium. paca! wernt <r a BE REGIOTRATION TOTALS B,085 AT CHEYENNE CHEYENNE, Wyo., Oct..24,—Reg- istration in Cheyenne for the com- tng clection totalec 5, an increase nt approximately 25 per cent dve® the greatest preceding registration here. Using the increase in registra- tlon as the basis for their calcula- tions, local statisticians estimate that Cheyenne's population: now ts Los Angeles will tell you that, despite its excel- lence of service and cui- sine, Gates Hotel rates are no higher than those of other yood hotels. Centrally located—easily and quickly accessible to every point. RATES FROM $1.50 PER DAY ining room under hotel rinigemgat. Holladay, Prea. George A. Coltina, SRICH'T AT ers NGELES!