Casper Daily Tribune Newspaper, November 21, 1924, Page 13

FRIDAY, NOVEMBER 21, 1924 ~ Oil Finance WOOL PRICES STILL CLIMBING Upward Surge of Recent Weeks Great Market with England also IN BOSTON Paige in Big Buyer; New Zealand Season Open BOSTON, Nov. 21.—The Commer- cail Buletin tomorrow will say: “Wool prices are surging strong- \y upward, the scarcity of wool the world-over, rather than the demand for clothing~ being the immediate impulse forsthe advancé, although the clothing trade appears to be in a perfectly healthy condition. The opening of the New Zealand season this week was the signal tor a strong advance, which “has been relfected in South America also, England and America are the two leading buyers at the moment in the primary mar- kets although the continent is keen at the river Plate. Advances of & to 15 per cent over last year’s clos- ing .are predicted for the coming London colonial auctions. “Domestic manufacturera are in # much better position than they were a short while ago" and con- reumption laterly has been on the increafe. Contracting in the west continues in a moderate manner at prices. which show little change as compared with a week ago. ‘Mohair is in limited supply and very firm at last quotations.” The Commercial Bulletin wil! pub- Ush the following wool quotations: Domestic—Ohio and Pennsylvania fleeces—Delaine unwashed, 65@67c; half bloodgcombing, 64@6ic; % blood combing, 63@65c; fine unwash- ed, 53@54c. Michigan and New York fleeces—Delaine unwashed, 62 @64c; half blood, unwashed, 62@63c; % blood combing, 62@63c; % blood ; fine, unwashed, * Wisconsin, Missouri and Average New England—Half blood, 61@62c; % blood, 62@63c; % blood, 61@62c. Oregon eastern number 1 staple, $1.55@: fine and fine medium combing, $1.45@1.50; eastern cloth- ing, $ @1.40; valley number 1, $1.35@1.40; territory Montana and similar: Fine staple choice, $1.60@ 1.65; half blood combing, $1.45@ 1.50; % blood combing, $1.30@1.35; half blood combing, $1.10@1.15. Pulled Delaine, $1.65; AA, $1.60@ 1.65; A supers, $1.40@1.45, Mohair: Best combing, 80@85c; best carding, 70@75c. BUSINESS BRIEFS PITTSBURGH—There has been a marked spurt in steel production in this district and implicit confidence in the future market is now ex- pressed by. steel mill executives. In view of the adjustment tneident to the approach of inventory time, con- sumer buying has been extraordt- nary but there seems to be a reali- zation that the price trend is up- ward and that the sweep of prices is wider. ..The total business is not expected to be much beyond the average. . The outlonk is for higher. prices in the next few months altho the level’ probably ~vill be bélow the average of the last two years. Val- ley {8 row Quotable at $20 to’ $20.50 per ton’ for Bessemer, $19 to $19.30 for basic and $19.50 to $20 for foundry. *ST.PAUL—Labor conditions in the northwest are satisfactory. Be- cause of the marked expansion of business, no unemployment is ex- pected the balance of the winter. time dn ffour years; ‘California «rice growers are recelying prices which fSuarantee a substantial profit. Rice in the last week sold at $3.20 to $3.77 @ bag as compared with, $2.50 to $2.90 a year ago, * Leather. “PHILADELPHIA—Heavy leather of all kinds is in sp@cially ‘good de- T™and here. The encouragement giv- en by the election results to manu- facturers is giving promise of in- efwmsed demand for belting leathers. 4 oil. 'SHREVEPORT—Gasoline prices have strengthened in this territory, e retail price now being 16%¢ a gallon. ¢ Ny Steel. 5; DULUTH—Prices for steel wire have been placed’ on @ parity Men are in demand for building, railroad construction work, in lum- ber camps, on farms and in factories, printing plants and wholesale houses spring. Holiday trade is expected to be heavier than for three years. SHREVEPORT—The _ Southwest- ern Gas and Electric company, a subsidiary of the Dawes interests, has announced plans for the imme- diate construction of a three mil- lion dollar electric power plant, the first unit of which will cost $1,- 50,000. ST. PAUL—The larger northwest- ern railroads will earn their divi- dends and fixed charges this year despite the falling off in revenue during the summer. Greatly im- Proved operatifig ratios are report- ed by executives today with cor- responding improvement in net rev- enue, Trade News. Cotton. load. of .southeagt -Missourl “cotton amounting to 1,500 bales brought $185,000 here, Turkeys. CHICAGO—Cold storage men here say a million pounds less turkeys are in storage than a year ago, when the total was 5,198,000 pounds. Rubber. AKRON—Tire plants here have cut production from 100,000 to 90,- 000 castings a day, months the California Prune and Apricot Growers’ association has sold 95 million pounds of prunes which includes about one-third of the 1924 crop and the indications are the carry-over will have been ith Chicago and $1 under Birming- | m and $2 over Pittsburgh -and Gleveland. Before the abolitién of the Pittsburgh plus system, steel wire products here were about $13 over Pittsburgh. CLEVELAND — Release of pig. iron orders for first quarter delivery are expected to keep the furnaces of this district going moderately this month and next. Steel men look for o substantial increase in busi- ness in 1925, Flour. SEATTLE — Flour is climbing eadily in price and+has reached per barrel for best family patents wholesale. Grains. FORT WORTH—Grain. sorghum yielding 23 bushels of grain to the re in Texas with two tons .of ‘for- e. This is better than for. two ars but still below the average. Market Gossip | Marine Oil Operations. Operations of the Marine ol company at Salt Creek are shown as fullows: Section 18-40-78—Wyokans 5 run- hing 10 inch casing. Wyokans 6; depth 460 feet, shale from 390 feet td 460 feet. Oil Summary. §Dally average crude production by 1, 514,300 against 502,600. 88,000 against 88,400. 50 against 78,850. 163,650 against Louisiana, 69,150 against 00 against 121,100, southwestern Arkansas, Guilt PITTSBURGH—The iwre-has been dull, owing to mild weather. Local operators expect a rise in prices shortly and are selling only from day to dry. Refusal to sell ahead is particularly noticeable in slack, where the market {s scrap- ping bottom. (Sipe % : Sugar. DETROIT—Michigan sugar beet production now is estimated at 1 NEW. ORLEANS — Orders to Southern Pine assoclation mills in the last week totaled 87,200,000 feet, an increase of 3.9 per cent over the previous week. Shipments increas- od 8.1 per cent to 78,600,000 feet and production rosegto 71,200,000 feet, an advance of 2.9 per cent. California, 589,500 against 590,250. Mutual Ol! company has complet- ed its number 3 well in the Orange field of Texas with initial produc- tion gauged at 4,000 barrels per day. Financial Bulletin of Mexico City declares Mexican Eagle Oil directors wish to continue annual amortiza- tion of entire depreciation and ex- ploration costs. It is held doubtful whether 1924 results will cover samé and pay first preference dividend due October 31, Pacific Oil declared regular semi-annual dividend of $1. General Summary American Steel and Wire advan- ces entire line of wire, At meeting of U. 8, Industrial Alcohol directors yesterday only routine business was done. Debers. Consolidated Mines re- ports a net income of 1,250,000 pounds sterling against 1,686,000 in previous year. Gross income for the year increased 634,000 pounds while mining expenditures advanced 854,- 000 pounds, sare ARTES nT Tribune -wantads bring results, ee ee Bonds Allied Chemi¢al & vye Améfrican Can —-_.-- American Car and wh ee Ametican International Ameri Baldwin Locomotive = Baltinfore and Ohio Bethlehem Steel =-_— California. Petroleum... --.--. Canadian Pacific Central Leather Cerra Pasco -.. Chand'er Motors ,---. Chesapeake and Ohio — — Chicago and Northwestern Chicago, Mil.-& St. Paul pfd. Chicago, R. I. and Pac. Chile Copper --<. cd * Coli Congoleum) -.. Consolidated Gas , Davison Chemical ---+W~.. Du Pont de Nemours -.--—. Erie Famous Players Lasky — General Asphalt -.---:..W. General Electric General Motors Houston Ott! Hlinols Central Internationa] Harvester ~-_.- int. Mer. Marine pfd. . Int. Tel. and Tel. _.. Invincible Oil _-4-. Kelly Springfield Tire .. Kennecott Copper Louisyille and Nashville Mack Truck .--~. Marland Oil Maxwejl Motors A Middle States Oil - “Missouri, Kan. and "Tex. Missouri Pacific, pfd. Netional Lead - New Orleans, Tex, and Mex. New York Central ~~~... N. Y., N. H., and Hartford Norfolk and Western -~------ Northern Pacific -----.---.. Pacific Oil ------------. Pan American Petroleum B_- Republic Tron and Steel ~.... Reynolds Tobacco B --. Seaboard Ald Ine ---------- Sears. Roebuck Standard Oil of N. J. Atudebaker ‘Corporation - Texag "Co. _.4---2 2 Texas and Padlfic —- ‘Tobacto’ Products Tragscontinental Oil uv. o Cast iron Pipe U. 8. Ind. Alcohol United States Rubber United States Steel — Utah Copper Westinghouse * Electric “Ne -Overland - ‘Woolworth Anglo Am. Ol Borne. Scrymser Gal, Sig. New. pfd. Minois Pipe Indiana (Piige National Transit New York Transit Northern Pipe -. Ohio Ol1 -----.-. International Pete Penn. Mex. -.-----. Prairie, Oil Prairie Pipe Solar Refg.’ ~ So. Pipe + S. W. Penn Oil S. O. Ind. 8. hs. s. 8. 8. 8. pw | Swan and Finch — Vacuum Washington S. O. Neb. CRUDE MARKET vat Creek Osage .. Grass Creek, light Greybull Torehlight Elk Basin . Rock Creek Salt Creek Big Muddy Mule Creek Sunburst, -----------. Hamilton Dome - Ferris Byron Notches --------—-- Pilot Butte Lander {classes generally . steady; | strong; pound Che Casper Dailp Cribune Stocks :: Grain Bessemer —— Boston Wyoming ---- Buck Creek +.s------ Burke |--5-— 3 ne, Blackstone Salt Creek »| Chappell. Conaeee Central es Coneguicagerte Royalty Cow Gulch Domino Elkhorn 7.00 10 04 06% 02 .01 6.00 -08 03 0548 201 Kinney Coastal Lance Creek Royalty — 30.00 32.00 Royalty & Producers. 08%. .04 Sunset 04.04% Tom Bell Royalty 02.08 Western Exploration 3,00 3.10 wll 12 AT 0s NEW YORK CNRB CLOSING Bia Ask Mountain Producers 18.15 Glenrock Oil Salt Creek Producers — Salt Creek Consolidated New York Ott LIVESTOCK Chicago. ries CHICAGO, Nov. 21.—( De- partment of | Agriculture)—Hogs— 62,000; moderately active; steady to 16c lower than Thursday's average; underweight, 25¢@60c off; excessive supply top- $9.60; bulk good and cholge-240:-to~ 369- pound—butchers $9.40 $9.60; 180 to 225 pound weight largely $8.90@$9.26; bulk 140 to 160 pound. averages: $7.73 @$8.50; packing S8OWS mostly $8.70@$9.00; ma. strong weight slaughter pigs $ @$7.50;\ heavy~sweight hogs $9.30@ $9.60; medium>. $8.95 @$9.60; light $8.00@$9.20; light light./$7.00@$8.60; packing hogs. smooth $8.80 $9.10; packing <hogs rough $8.60@$8.80; slaughter. pigs $6,75@$7.60: Cattle—Recetpts 5,000; killing thedium grade steers: predominating; moder: ately active at $9.00 dowhward; best weighty’ steers. $10.95; mixed’ steers and héifer Yearlities $11:50; no choice Yeatlings ‘here; he" stocl® steady to spots’ Higher orf canners; bulk Scanners $2.65@32.80;° niostly $2.75} vealers $8.60@$9.00;' mostly; light stock ‘feeders dull; ill bred kind “selling ‘downward to 335 and .| Pslow; WGlis-stockers and feadets owt | Of first: hand '$6.60 downward; cow try demand fairly seit a on better Bradesi, i)... » Sheep—Receipts 14, 000; dull; tow early sales good fat lambs around steady at $15.50; asking steady «to algher; beat held at $13.00; no elip- pers sold; fat sheep steady; handy Weight fat ewes $7.75@$8.00; fecd- ing lambs ww: ly snles $13.26@$13, Omaha Quotations OMAHA, Neb., Noy. 21.(U. 8 Deptirtment of Agriculture)—Hogs ; early sales mostly lic lower; good and choice 200 to 300 butchers $8,75@$9.10; top 10; desirable 160 to 200 -pound ights $8.75@§8.75; suitable ight lights » $7.75 @$38. packing _ sows mostly $8,.40%4 $8. bulk, of all sales $8.25@$9.10; averags ‘Thurs- day $8.89; weight 231, Cattle—Recelpts 2,000; fed» steers. and yearlings steady to strong; qual- ity’ mostly plain at $6.00@§7.75; weighty steers averaging “round 1,550 ‘sold to arrive at $10.00; few yhead: yearlings $12.60; other+killing classes. generally steady; stockers and feeders nominally steady; bulk butchers cows and heifers “$3.25@. $4.50; canners. and cutters $2.35@ $3.25; bologna bulls. $2.76% $3.00 practical veal top $8.00. ‘i Shee p—Receipts steady to» 10c@1 westerns $13.00@$: natives $12.75@$13,.25, $10.75 @$11 sheep lambs bulle: fed $13.8 clipped best fat q@wes $7.60; feeders steady, to easier; bulk feeding lambs $12.35% $13.25. fed steady DENVER, Colo., Nov,-21.—4U. Se Department of Agriculture)— Hogs —Fecelpts 250; general'y 15¢ lower; drive ins $8.85@8.90; others $8.60@ 8.85; one load medium butchers at $8.35; packing’ sows steady; mostly $7.75, few $8; fat pigs dull at $6. Cattle—Recelpts $7.50; calves 50; slow, steady, odd heifers $4.75 duwn, few culls $3.75 down; canners and cutters $2@2.60; fat cows $2.70 to $3; medium stock calves $6; little else sold early. Sheep—Receipts 700; pound ewes $5.90@6; sold earl 8G to, 88 nothing ‘else ~—— POTATOES CHICAGO, Noy. 21.—Potatoes rading limited; markct about steady receipts 110 cars; total U. §. ship- nents 826; Minnesota sacked round whites number 1,, $1.00 $1.10; ordi- nary quality and eondition field frosted 80@95c; Wisconsin sacked round whites, $1.004$1.09; ordinary quality apd condition 86 apound 9 number 1, $2.00@$2.2 @$2.20. ee APOLL 2 fo 10) Tribune - Classi IN STOGK MART}: Bal Active in Early ' Trading and Prices Score Upturn NEW YORK, Nov. 21—Heavy sell- ing for both aecounts brought about frequent reactions in today’s active stock market, but the persistent ac- cumulation of low priced rails, many of which sold at their highest prices in years acted as a steadying influ- ence, Sales approximated 2,250,000 shares, NEW YORK, Nov. 21.—Bullish operations were aggressively con- ducted at the opening of today’ steck markets, more than a dozen sues attaining new peak prices for the year in the first few minutes of trading. The lst included New Haven, Norfolk and Southern, West- ern Pacific preferred, Gulf, Mobile and Northern, Great Northern Ore and the Maxwell Motors issues, the gains ranging from fractions to 2% points, Savage Arms advanced 2 points and General Electric 1. The upward movement gained in- creased momentum as trading in- creased with several large blocks of stocks changing hands. United states Steel Common sold above 117 for the first time in nearly six years and mote than two dozen other sues established record 1924 prices an the first half hour, including Northern Pacific, Kansas City Southern, General Asphalt, Texas Guilt Sulphur and public service of New Jersey.. Norfolk and Southern extended its early gain to 3 points and Chesapeake and Ohio to 2, Mack Trucks was the only conspicuous heavy spots falling back about a point on profit taking. Foreign exchanges ' opened firm. Dutch Guilders selling at a slight premium for the first time in five years. * Speculative interest during the morning céntered largely in the railroad shares, more than a score of which broke through their prev- year's highs. istént profit taking in the dustrial group brought about re- cersions of one to 2% points in a number of popucar issues’ includ- ing American Can, U.-S. Cast Iron Pipe, Mack Truck, General Asphalt, Davison Chemical and American Woolen. Buying of the low priced cails reached gigantic proportions, particularly in the Rock Island, St. 1, New Haven and several south- rn issues. High grade railx weFoonot ‘neglected, however, Atchi- son and Union Pacific being bid up to new 1924 maximum figures Heavy felling of Missouri Pacific common just before noon resulted in a drop of three points in that stock, the rest of the rail lst yie: ing in sympathy. Call money renew- ed at 2% per cent. Sales in the first two holrs totaled 646,000 shares. SECOND ADD STOCK MART After a number of the railroad shares had been driven one to two’ points ‘under yesterday's final fig- ure under the weight of railizing sales, the general declino was ar- esied by another upward surge in Rock Island. That stock c'imbed 3% to 46%, a new high on tremendous buying. American Can came back to $1.534g, after selling as low as 19%, but the list otherwise failed to re- cover to the best figures of the fore- noon. The closing was irregular. Heavy accumulation of Frisco, St. Louls Southwestern, Western Pacific and Pittsburgh and West Virginia with resultant advances of 2 to 2% points featured the late trading. Many other shares, particularly the indus- trials, were supplied freely at de- clining prices. — Grain and Stock | Opinions From _ Brokerage Wire Stock Opinions BLOCK MALONEY — Conditions are sound and we expect business expansion to-go forward slowly but not radical. LIVINGSTON & CO.—We do not see any change yet in the specula- tive position and look for a contin- uation of these heavy trading days with probably higher prices. PYNCHON ‘& CO.—The extraor. ammary upward rush which stocks have enjoyed accompanied by un- precedented volume has weakened the internal structure of the market and we suggést, great caution pend- further new: MILLER & €O.—Strongly suggest profit be taken on bulges, however o buy back on dips. J. 8. BACH & CO.—The indus- trial list is acting top heay and while some reaction has taken place it could “go further and we would continusto take things easy on the buying side, Grain Opinions STEIN. ALSTRIN—Look ‘for ir- regularly low lefels for the time being. BARTLETT FRAZIER—Woe are vonfident ultimately of much higher prices, i HULBURD WARREN — Bellevé purehases on weak ‘spots will be possible, THOMPSON: McKINNON—Wheat may prove somewhat irregular dur- ing the period of digestion of North- ern grains. Believe coarse grains possess great merit. | COTTON | NEW YORK, spot, quiet; middling, $2 4,16. Cotton ‘PAGE THIRTEEN, Livestock :: All Markets NEWTOPS SET {WHEAT PRIGES TURN UPWARD Rally Follows ‘Ba Early Wenk- ness on the Chicago Ex- change —- CHICAGO, Nov. 21. — Although the wheat market opened with some- thing of a downward tendency to- day, prices soon rallied to above yes- terday’s finish. Offerings were read- ily absorbed and traders took notice of the fact that over-night sales to Europe were in excess of 1,000,000 bushels. On the/other hand new ex- port business this morning, was said to be slow in developing. Initial prices, which varied from unchanged figures to %c. lower, with December $1.49 to $1.49%, and May $1.56% to $1.57% were followed by a, little further sag and then by gains all around, Subsequently, reports of rain in northern Argentine, where harvest- ing is going on and @ry weather is wanted, helpéd ‘to uphold values, de: spite liberal. arrivals of wheat here from Omaha and nothwithstanding weakness of the corn market. Wheat closed unsettled at the same as yes: terday's finish, %c higher, Decem- ber $14.493%4 to $1.49% and May $1.57% to $1.57%. Corn, lacked aggressive buying support. Assertions that hog feeding operations would e~ unprofitable had considerable bearish effect. After opening at %c to le lower May $1.20% to $1.21, the market re- covered somewhat but then declined again. Setbacks in price: grew much more pronounced later as a result of increased hedging sales of new corn. The close was heavy, 2%c to 4c nét lower, May), $1.19% to $1.19;. Oats .were easy, influenced by corn weakness. Starting unchanged to %c lower, May 59%c to 58%, oats continued to average lower. Provisions had a downward trend In line with corn afid hogs. Open High Low Close WHEAT— N Dec. +149 © 1.60% 1.48% May -1.56% 1.58% 1.56% July +139 1.40% 1.38% CORN— Dec, + 1.15% 1.16% 1.12% Mal +1.20% 1.21% 1.19 July ©... .1.21% 1.22%. 1.20 Y OATS— 52% 8 1.49% 1.575% 1.39% 112% 1.19% 1.20 ares 18S 1.83% 1.34% 1.36% Le 1.24 ++012,90 12.97 12.87 CHICAGO, Nov, 21.—Wheat num- ber 2 hard $1.50@1.51; ‘number 3 hard $1.49%@1.50. Corn number 2 mixed $1.14@1.14%; number 2 yel- low $1.16%$@1.181%. Oats number 2 white 54% @5414c; number 3 white 51@52%4c. Rye number 2, $1.3114. Barley 83@94. Timothy seed $5.50 @6.75. Clover seed $24@31.25. Lard $14.85, Hibs $13.25. Bellies $14.62. Foreign Exchange NEW YORK, Nov. 21—¥Foreign exchanges firm. Quotations In cents Great Britain demand 463 cables 46344; 60 day bills on banks 460%; France demand 5.28; cables 5.28%; Italy demand 4.34; cables 4.34%. Bel- glum demand 4.84%; cables 4.85. Germany demand 23,81; Holland 40.16; Norway 14. Sweden Denmark 17.60; Switzerland 19.30; Spain 13. Poland 19%; Czecho Slovakia 3.00; Jugo Slavia 145%; Austria .0014 mania 52%; Argentina 3' 11,60; Tokio 38%; Montreal 100, SUGAR NEW YORK, Nov. 21.—Business in refined sugar continued of a band to mouth character with prices unchanged at $7,15 to $7.50 for fine granulated. Refined futures were nominal, Sugar futures closed steady; ap- proximate sales, 13,000 toni cember, $4.09; January, $3.04; May, $3.11. METALS NEW YORK, Nov. 21.—Copper, steady; electrolytic spot and nearby, 3% @13%; futures, 13% @14. Tin, steady; spot and futures, Iron, steady; prices unchang- Lead, steady; spot, 8.65@9.00. Zine, steady, East St. Louls spot and futures, $6.80@6.82; antimony, spot, $14. Violator Fined In Police Court Richard Harrington, arrested late Wednesday night at the Northwest- ern station-on charges of intoxica- tion and illegal possession of liquor, was fined $25 in police gourt last night. George Hunt, taken in cus- tody at the same time, was giver the alternative of getting a jo within 24 hours, quitting town, or serving » 30 days jail sentence. There were |no other cases on the police. docket Jand only one Inebriate waa achedut- (2 for hearing tonight, —_——o- Tribune wantods vring results. a Politics in Hawai! ts like a circus, says ‘ Gun” is custodian of Honolulu's soap-box and he finds el ing circus. ‘and they'll vote for you. He gets his crowd just as he used to when he That's why he to performing in 2 voters,"’ is his creed, show on the inside, bronchos for Buffalo Bill's circus. soap-boxer. bree: “two Gun” Mokumaia ctionéering ous one. kin as on the allt Big “Use the old « Come come is Hawaii's prof ECONOMY IN GOVERNMENT IS PROMISED BY LEGISLATORS Members of Natrona county's del- gation to the state ‘legislature, who Were guests at the weekly luncheon of the Real Estate Board in the Hotel Townsend this noon, pledged their efforts toward greater econ- omy in government and promised to press action on the realtor’s pro- posal to put teeth in the state real estate licensing law. ‘The legislators present were Har- ry Free, state senator and himself a Yealtor; William B. Cobb, Marvin L. Bishop Jr., and C. M. Coltrane, three of ¢he newly elected delegates STOLEN BONDS ARE FOUND IN THECITY PARK YOUNGSTOWN, Obio., Noy. 21,— Bonds and stocks valued at about half a million dollars said to have been stolen from Bentley's bank at Springboro, Pennsylvania, were found in a city park and have been recovered by, postal authorities it was announced here today hy Post- master, Edward Westwood and Postat Inspector Harry Tavinor, That the men who found the money, all foreigners, were not Cully aware of the value of their find was indicated when the foreman of one man, who works in a steel mill, said that last night he found the man wearing two $1,000 liberty bonds for an apron. Butter and Eggs |} CHICAGO, Nov, 21 er; creamery extras 4 42: extra firsts 40% @4 @8a8o; seconds 31@ dic Eggs higher, receipts 1,711 cases firsts 48@b6c; ‘ordinary firsts 42@ 46c; refrigerator extras, 36@36'sc; firsts’ 85c. MONEY NEW YORK, Butter high. standards o; firsts 36 Nov. ruling rate, fered at 2%; last loah against acceptances Time loans firm; mixed collateral, 60-90 days, @3%4; 4-6 months, 34@3%; commercial paper, ‘ —_ DULUTH, Minn ing flax: Novembe ber $2,62%; May $2,69% css FOAL stock By LIBERTY BONDS NEW. YORK, Nov. 21.—Liberty bonds closed: 3448 100.16; first 445 101,21; second 4%45 101-3; third 445 101,14; fourth 4%# 102.1; U.S. gov ernment 44s 105.10. La CHILD LABOR AMENDMENT IS OPPOSED ATLANTIC CITY, N. J, —By an overwhelming vote the tional grange toWay put itself square ly on’ record against the child labor amendment to the federal. constitu. tion. The organizattor pledged ‘tts most vigorous efforts to vent ratl fication of the amendment This decision was reported after a long discussion «nd was supportec by the votes of every sinto in the body except Washington, Oregon and Missourt. nv¥ention wil} meet next year Cal Other grange favored lot for tion to reduction in tt on ngric pr dorsed federal farm loux IL loans, Sacramento, resolu municipal el to the lower house. Mr. Freo's address stressed need of reducing tlie state’s over. head expenses by the abolition of commissions which are’ unnecessary or inactive. He scored the real es. tate commission as one which to the best of his knowledge had never functioned successfully. He prom. ised to do what he could to obtain a revision of the Hleensing law,’ but expressed the fear that legislators from smaller commun!ties which have no real estate board might d feat the desires of the Sheridan, Laramie county and Natrona dele gations, which are actively interest- ed in the proposal, Mr. Cobb said he had no pet legis- lation to push and no axes to grind, but would bend his efforts toward tax reduction and economical gov- ernment, and would be glad to re- ceive suggestions from his constit- venta. , Indorsement of more rigid ‘lcen- sing legislation was voiced also by Mr. Bishop and Mr. Coltrane. The former offered to sponsor the amend- ment when {t had been drafted to the satisfaction of the realtors, Delegations from the Cheyenne and Sheridan ‘real estate boards will meet members of the lo¢al board here next Friday morning? to» dia- cuss proposed changes iff thé law. It is the desire of rewltors to have applicants for Hcenses pass an ex- amination by a state commission of realty men before the license is granted. An Incréase in the bond now required from $1,000 to $5,000 also has t Takes His Ki Kid Brother’s Job | the A LOWELL MELL, (at HIS BROTHER “SNOOKY By NEA Servic BERKELBY, ( came ba football *Snooky” and w most pr Le a rother ak his Mell the comes.