Casper Daily Tribune Newspaper, November 25, 1924, Page 9

Finance COMMERCIAL STATUS IN U, S.IS IMPROVED Way Opened for Construction Development of Future, Hoover Declares in Pointing to Passing of Economic Ills. WASHINGTON, Nov. 25.— The Seneral commercial condftion in the ‘United States has improved to sucn a degree that government officials can eoncentrate their attention” on constructive development for the fu- ture, Secretary Hoover said today, rather than continuously attempting to ease economic ills for particular gecgraphic sections or industries. With the farming situation pret- ty wel. cleared up by reason of bet- ter prices for principal agricultural producte, the pressure for giving re- Met ts a good deal tess," Mr. Hoo- ver said, “We can consider what the government may properly do in afd- ing the advance of our. industrial and economic civilization by proper methods.” Asked to define what he§ wou'd consider as constructive efforts which the governmént might ald, the decretary named the project for the St, Lawrence river canal, for Everyman’s By GEORGE T. HUGHES. (Copyright, 1924, by Consolidated Press Association,) Bank Stocks, There is one form of investment generally overlooked except by the large capitalist. I refer to bank stocks. The reason for this is that shares in banking institutions as a rule sell at high prices per share and the return is comparatively low. In compensation for thia small yield S is the fact that such stock over a period of years appreciates In mar- ket price as the profits of the in- stitution accumulate, Rich men who can afford to sacri- fice present income for the sake of future increase in principal are partial to bank stocks. In recent years some of the larger banks have endeavored by raising the dividend rate on their stocks to enlist a greater public interest in their shares and a wider distribution. But the rule is as I have etated that in the main bayk stocks are overlooked by the small investor, Now there are certain advantages in bank stocks oyer other forms of stock investments, The business is na in well‘marmged institu- tions profitable in good times and bad times alike. Bankers as a class are highly coneervative in the con duct of their affairs. They seldom development df super-power facilities in the eastern quarter of the Unit- ed States; and the project for con- serving and bringing fullest util- ization the Co’oradd river watershed. A number of other subjects he indt- cated, might come under the classi- fication, Gold exports from the United States which have resumed recent- ly in a comparatively small way, are expected by Mr. Hoover to con- tinue. “With the completion of recent loans by American investors to the French and German governments,” he said, ‘‘there is now in American depositories a very cgnsiderable quantity of gold which is ‘ear-mark- ed’ as the property of the bcrrower. ‘That can be moved to Europe any time. Likewire the general con- ditions for many months have indl- cated the possibilify that some re- distribution in the world outside of the United States. Investment ke unnecessary risks, There is always a demand for their services. In a sense a bank is a public utility. There are also certain disadvan- tages inherent in an investment of this kind. For ‘one thing stock- holders of a bank are Mable for the debts of the bank in proportion to their holdings. Under our present banking system, however, this is not particularly important for failures in banking are rare compared with those in other lines of busin: An: other disadvantage is that the mar- ket price of banking stocks varies over a wide range and the inexperi- enced investor may easily find him self. buying at a high price and, seeing the quotation decline, become frightened and sell out at a loss when there is no occasion for any siderations you are favorably di: Posed toward bank stocks, the safest Procedure js to take either shares in a large and old established: institu. tion, preferably one with a national reputation, or shares in your own local bank with which you do busi- ness. Merchants in small” towns, would often find it helpful to be stockholders in their own home bank. (Mr, Hughes’ next article will ap- Pear in the Tribune tomorrow.) Commodity Trade News 1924, Casper Tribune.) it. PORTLAND.—Because of the de- mand from. foreign sources, Oregon Italian prunes have advanced a quarter cent a pound. There is a special demand for 40s and 50s in size. (Copyright, j UPLANDS, Calif—Cash returns of more than half a million dollars have been received this year by members of the Upland Lemon Growers’ asgociation. The. associa- tion marketed 944 carloads of lemons. JACKSONVILLE, Fila, — Florida citrus fruit is moving north in steadily increasing quantities. Grape- fruit is of better than usual quality. Turkeys. HATFIELD, Pd.—Sixteen hundred turkeys auctioned here have brought an average of 5 cents a pound less than e year ago. ‘The average ranged around 46% cents, 2 Wheat. SPRINGFIELD, I1.—The Mlinois wheat crop this winter will be the poorest since 1916 owing to adverse weather conditions. < growers have sold approximately 1,750,000 pounds of wool this year at an average price of 44% cents a pound, It is estimated that 75 per cent of next year's clip will have been contracted for by January 1. Sweet Potatoes) ATLANTA.—A decrease in’ the volume of shipments of sweet potatoes has been followed by an in- crease in prices which now range from $2.25 to $2.50 a bushel as com: pared with §2 last week. Lumber, SEATTLE.—Speculative buying of lumber in the east has not been fol- lowed by increased production in Pacifie coast mills although mill Output In the Inst week has in: creased 5 per cent but this has simply been to accommodate imme- diate orders, _Surfaced and sized dimension prices have advanced to $1 2 thousand. ri Non-Ferous Metals, REEDS, Mo.s-A new lead ore de- posit has been discovered near here 1 Is deing. actively developed .by the Wade Zine company- Shoes, HAVERHILL, Mass—The Haver- hill shoe board has denied d of the Shoe Workers’ Protective union for increases on piece work, declaring that such increases would put tulf ing earnings 150 per cent higher than the general average in the industry, Nuts, FORT WORTH.—Three fourths of the Texas pecan crop has been har- vested, the yield showing the effect of the summer's drought. The acre- age production was considerably less than last season. ‘Tobace: LANCASTER.—Buyers of Penn- sylvania tobacco are not ikely to do much until after the turn of the year. Growers in this section have been slow to take hold of the co-oper- ative marketing idea and most of the trading, therefore, it for indi- vidual yields. Local cigar makers have been speeding up to meet holi- day demarid. NEW ORLEANS.—The yield of Perique tobacco produced only in this state is estimated at 400,000 pounds, as compared with 465,000 pounds last yea: changt eady; q Great Britian, demand 4,62%; cables 4.62%; 60 day bills on banks 459: 40.20; Norway 14 Denmark 17.5: Spain 13.6° 19%; Czecho Slovakia 30. Slavia, demand 1.45%; Austria, de- mand .0014%; Rumania, demand 52: Argenina, demand 38,25; Brazil, d mand 11.50; Tokia, demand 38%; Monreal 100. fied Ae Lt See creamery extras dards 4 extra firsts 45@48o; firsts 39@ 42c; seconds 33@36c. Eges unchanged; receipts 4,259 cases. METALS NEW YORK, Nov. 25.—Copper— Firm; electrolytic, spot and futures, 18% @l4e, Tin—Steady; $54.50. Tron—Steady; prices unchanged. Lead—Stead; pot, $8.66@9.00. Zino—Steady; st St. Louis spot, $6. futures, $6.83@6.88. Antimony--Spot, $14.62. spot and futures, Allied Chemical & Dye -.---- American Can -.--«.-------- American Car and Foundry -- American International ¢----- American Locomotive -.-.--- American Smelting & Refg, American Sugar --.. Américan Tel and Te! American Tobacco American Woolen --. American Zine, Lead and Sm. Anaconda Copper ----. Atchison = odo peten nee Atlantic Coast Line ----. Baldwin Locomotive -. Baltimore and Ohio Bethlehem Steel -. Caliiqrnai Petroleum) Canadian Pacific -. Central Leather Cerro de Pasco --------.---- Chandler Motors Chesapeake and Ohio - Chicago and Northwestern: .. Chicago, Mil. & St. Paul pf Chicago, R. I. and Pac, Chile Copper Coco Cola Colorado Fue! Congoleum Consolidated Gas ‘orn Products new - Cosden Ol - crucible Steel Cuba Cane Sugar p! Davison Chemical Du Pont de Nemours frie Famous Players Lasky .---. Gener@) Asphalt -. General Electric -. General Motors --. Great Northern pfa. Gulf States Steel ---.. Houston Of - ilincis Central -. International Harveete: Int. Int. Kelly Springfield Tire .. Kennecott Copper -. Louteville and Nashville Mack Truck -. Marland Oil .. Maxwell Motors A Midd’e Statés Oil Missouri, Kan. and Tex: Missourl Pacific, pfd. -. National Lead ‘ew Orleans, Tex. and Mex.. ew York Central -.~~. . ¥., N, H., and Hartford Norfolk and Western -.... Northern Pacific - Pacific Of! -----. Pan American Petroleum B Pennsylvania Producers and Refiners ---..- Pure Oil Reading me Republic Iron and Steel Reynolds Tobacco B .-. Seaboard Air Line Sloss Sheffield Steel and Iron Southern Pacific --3----. Southern Railway ----. Southern Railway pfd. -. Standard Oil of Cal. - Standard Oil of N, J. -. Studebaker Corporation -.--- | ‘Texas Co, Texas and Pacific - Tobacco Products ~~. Tranrcontinental Ofl -. U. 8. Cast Iron Pipe U. 8. Ind, Alcohol ---. United States Rubber --.-.- United States Steel -. Ugeh Copper — Westinghouse E! Willys Overland Woolworth Angio Am, Oll ..------ Borne Scrymser -~. Buckeye ~------: Chesebrough Mfg, Crescent | -. CumVerlana Gale Sig New pf. {ilinois Pipe -. Indian Pipe --«-------- National Transti - New York Transit -. Northern Pipe -- Ohio Oil +--~-~ International Pete Penn. Mex, »+---~: Prairie Oil ---~. Prairie Pipe So, Pipe --.- Meo fi So, Penn Oil ------. S. W. Penn. Oil - oO. 209 — 104% 105% menneeee B17 “820 OL 92 1 143 Ind. --~-------- O. Ohio pfd, Swan and Finch -. Vacuum -.-~. Washington S. O. Neb. Greybull ~--------------0----- Torchlight Elk Basin Rock Cresk Salt Creek Big Muddy wnnwerenearenene= 1.20 1.20 Sunburst --+-----~-----n- nn Hamilton Dome. ~----------00- Ferris Byron Notches ~---~2--newwnnn---e-=— Pilot Butte .. Lander SILVER oonwencennnn 5014 Te 53tea, Bonds :: Stocks AND QUOTATIONS B¥ LEASED Casver Daily Cridune OIL SECURITIES By Wileon Cranmer & Co. Bessemer -. Boston Wyoming Buck Creek Burke --. = Blackstone Salt Creek appell Co-umbine Consolidated Royalty Cow Gulch ~ Domino -. Elkhorn B, T. Williams ‘BO Frantz .. Gates Jupiter Kinney Coastal Lance Creek Royalty Marine Mike Henry Mountain & Gulf New York Ol .. Picardy - Preston Royalty & Producers_ Sunset Tom Bell Royalty 02 Western Exploration. 2.90 Western Stat at ¥ On 06 NEW YORK CNRB CLOSING Bid Ask 18.75 19.00 16 25 23.87 24.00 6.50 6.70 8.50 9.00 11.87 12.00 60.50 60.62 Mountain Producers Glenrock Oil -.. Salt Creek Prod. Salt Creek Cons. New York Oil -. Mutual S. O. Indiana LIVESTOCK Chicago Prices. CHICAGO, Nov, 25.—{U. 8. De- partment of Agriculture)—Hogs — Receipts 60,000; steady; uneven, mostly 10@1b5c lower; liberal supply; underweight steady to 25c off; top $9.30; bulk good and choice 240 to 350 pound butchers $9@9.25; 150 to 210 pound weight largely $7.15@ 3.65; bulk 140 tg 150 pound average $6.25@7; packing sows mostly $8.35 @8.65; "bulk strong weight slaughter pigs $5.50@6; heavy weight hogs $3 95@9. edium $8.25 9.25; Light $6.76@8.60; light light $5.50@7.45; packing hogs smooth $8.50@8.7 packing hogs rought $8,15@8.5: slaughter pigs $5@6. ~ Cattle—Receipts 17,000; choice fed teers and yearlings fairly active steady; other grades slow; weak to 15a. lower; spots more, run includes several thousand head show offer. ings, early top yearlings $13.25; some held higher, 1,880 pound bu'locks up- ward to $11.50; anges $12.75@13; ers weak to 25c lower; canners and cutters steady; bulls weak; vealers mostly $8@9; outsiders upward to $9.50 and above; small quota west- ern grassers, mostly in feeder flesh. Sheep—Receipts 11,000; activ ‘ambs mostly 25c higher, bulk fat natives and fed werterns, $13.75@14; top $14.25; fat sheep steady, handy- weight fat ewes $8@8.26; feeding lambs strong, early saves $15.75@ 1450, OMAHA, Neb., Department of Agriculture.)—Hoss Receipts 10,500; better grade butch- ers active, steady to 10c other classes slow, weak to 250 low- er; bulk 200 to 300 pound butchers $8,.25@8.75; top $8.80; desirable 160 to 200 pound weights $7.25@8.25 light lights $6.75@7.25; packing sows mostly $8@8.15; bulk of sales $7.75 @8.16; average cost Monday $8.25; prime long yearling: hort feds largely $6.50@9; grass and heifers strong to 2bc bologna bulls steady to strong; choice light veals strong to 30c higher; others and calves steady bulls steady to strong; stockers and feeders slow, around steady; bulk grass cows $3,50@4.25; few at $4.50; heifers scarce, canners and cutters $2.50@3.50; bologna bul’s $2.85 @ 3.50; practical veal top $8.50. Sheep—Receipts 8,000; lambs ac- tive; steady to 15c higher; bulk na tives $12.75@13.50; fed westerns at $13.60@13.75; fed clipped $11; sheep rtrong; bulk fat ewes $7,50@8; top $8.10; feeders steady. Denver Prices. DENVER, Colo., Nov. 25.—(U. 8. Department of Agriculture)— Hogs 100; bulk of run late tn arriving, few loads billed through; early sales steady to weak; some packers bid- ding lower; few drive ins $8.25 to $8.50; top load early $8.60; packing sows mostly $7.50; few $7.75; strong weight pigs $9. Catt!e—Recelpts 1,400; calves 50; bulk of run still back; early sales fully steady; few cows $3.45@4:1 heifers $4.85; canners and cutters §2 @3:; few medium feeders $6.25. Sheep—Receipts 16,200; mostly on through billing; choice deck 96 pound clipped lambs $10.75; steady; several loads feeder lambs unsold early, few lo: $14; flat and freight SUGAR NEW YORK, Nov. 25.—Refined sugar was firmer and unchanged to 10 points higher, although list prices still renged from $7.15 to $7.50 for fine granulated. Refined futures were nominal, Sugar futures closed steady. Ap- proximate sales 27,000 tons. Decem- ber, $4.1 January, $3.49; March, $3.14; May, $3.20. id feeder eyes late Monday 4. COTTON NEW YORK; Nov. 25.—Bar silvei | NEW YORK, Nov. 25. dollars 69%c; Mexican spot, quiet; middling, $24.25. Grain TOGK TREND JTILL UPWARD Specialties Hold Center of Interest in Exchize Trading . 25.—Revival of mand for the high paying ~ railroad shares started a rally in today’s stock market after an @arlier period of heaviness caused by exten- sive liquidation of American won an official denial of reports that a stock dividend was contemplated, More than two score issues touched new 1924 highs with total sales approximating 1,850,000 shares, NEW YORK, No’ an investment priced dividend NEW YORK, Nov. 25.-.Stock prices. moved within .narrow and irregular mits at the opening of today’s market. ‘Texag Gulf Sul- phur advanced 1% points to a new year’s high and large fractional ains were recorded by American Sugar Refining. Mack Trucks and Studebaker, Rock Island, U. S. Steel common, and Central’ Leather were heavy The main price movement con- tinued upward with chief speculative centering in the specialties. Virginia Carolina Chemical preferred advanced four points; Universal Pipe and Radiator 3%; U. 8. Realty com- 2% and the preferred 2; Brown and American Can, Union Oll, Fisk Rubber, Western Union and Atlantic Coast Line were among the many issues to gain a point or more. More than a dozen new 1924 highs were established in the first half hour, Including United Cigar Store, North American, American Hide and Leather preferred, Good- year preferred and Chicago and Northwestern preferred. Foreign exchanges opened easy. Heavy selling of American Can, based gn official dental that a stock dividend or any change in ‘capitali- zation were under consideration, caused a break of more than four points in the stock to 147% and led to a renewal of reactionary ten- dencies. Prices throughout the lst apered off with United States ,Cast Iron Pipe, Savage Arms, Genera’ Electric and United States Alcohol, selling two points under yesterday's closing figures, Previously 27 new high records had been established, when the market threw off its early aesitancy and prices swept forward temporarily ‘under the impetus of a rally in Rock Island to 48% and further consummation of sugar and oil issues, Several low priced rail shares scored substantial gains and buying interest ‘was revived, in, a number of normaly inactive stocks. Trading continued. at swift pac Sales in the first hi hour approx! mating 556,000 shares. Call money opened 2% per cent. Buying orders for seasoned divi- dend paying~ shares were executed after midday. Union Pacific crossed 150 to a new high figure for the year and Atchison, Atlantic Coast Line, Canadian Pacific and Delaware and Hudson also scored substantial advances, This demonstration of strength impelled vigorous buying again of many industrial {ssues, particularly Studebaker, Central Leather’ preferred, American Hide and Leather preferred, Texas Gulf ulphur, DuPont, Iron Products and U, 8, Realty. The closing was strong. srade rails and industrial specialties were bought freely in the final hour, Universal Pipe and Radiator soared seven points and U. 8. Cast Iron Pipe, Texas Gulf Sulphur and sev eral others moved up four points or more. High POTATOES CHICAGO, Nov. 25.—Potatoes, early morning trading slow, market dull; receipts, 110 cars; total U. 8. shipments, 722; Minnesota and Wis- isin sacked round whites, gener- ally good*to ordinary and some field frosted, 75@90c; few best, shade higher; Idaho sacked Russets, $2.00 @2,20. LIBERTY BONDS Nov. 25.—Liberty Bis, $100.24; first second 4%s, $101.8; $101.18; fourth 4%, 8. government 4%s, NEW YORK, bonds closed: 4%s, $101.30; third 4is, Uv. Flour, MINNEAPOLIS, Minn., Nov. 25. —Flour unchanged to lfc higher; family patents $8,35@8.50; bran at $27. LABOR MEETING 5 NEAR CLOSE (Continued from Page One) as to inculcalte the spirit of mill- tarism or tend toward the exultation and glorification of war, “To safeguard our people against stich dangers and at the same time co-operate with our nation in the building up of the youth of our land, we recommend reference of this reso: lution to the executive council for the purposes herein indicated.” The executive council was also directed to renew its appéal to Gov- ernor Richardson of California for a pardon for Thomas J. Mooney and to urge a new {rial.for N. Sacco and B. VanZett!, convicted of murder in Maséachusetts, should an investiga- tion establish prejudicial action by the court im the original trial GRAIN PRICES GEN SETBACK Chicago. Trading , Reflects Weakness of the Liverpool Market CHICAGO, Nov. 25.—Absence of any important new buying brought about price declines in wheat today during the first part of the board of trade session. The fact that the Liverpool market had made only an indifferent response to yesterday's advance on this side of the Atlantic, was an evident. handicap to friends of higher prices here. It was pointed out also that for three consecutive days the Chicago market had been ascending and that something of a reaction might naturally be looked for, The opening, which ranged from Sac to 1%c lower, with December $1.54% to $1.55 and May $1.62% to $1.62% was followed bya slight further setback and then by a mod- eratg rally. - Subsequently, reports of frost in Argentina and of rain in Australia led to some buying, but the effect was much more than counter- balanced later as a result of profit taking sales and ‘of an apparent pause in export business, The close was heavy, 2c to 3c net lower, _December $1.54% to $1,52%, and May. $1.60% to $1.60%, Commission house se:ling was of sufficient yolume to ease down corn and oats, After opening at half cent to le decline, May $1.20% to $1.20% the corn market sagged a little further but then recovered most of the loss, Weather favorable for the move- ment of the new crop was more or less responsible for renewed de- clines later. The close was heavy, 1%c to 2%c net lower, May $1.18% to $1.19. Oats started urichanged to tc off, May 58%c to 58%c and later re- ceded a trifle all around. Provisions were without decided change. Wheat— Open High Low Close 1.54% 1.55% 1.52% 1.52% 1.62% 1.63% 1.60% 1.60% 1.42% 1:48 L4l 141% 1.12% 8% 1.20 1.13% 1a 1,20% 1.18% 1.21% 1.20 53% 52% 58% 58% 5TH 56% 1.36% 1.33% 1.33% 1,39% 1.87% 1.87% 1.26% 1.24% 1.24% 1.12% 1.20% 1.21% 53% 58% 57 52% BBM 56% 1.36% 14.40 14.32 14.37 14.40 14.35 oa - 13.00 Bellies— Nov. - Jan, - ahead LORS 13.85, .13.30 13.60 CHIC Noy, 26—Wheat—No. 2 red, $1.65%; No. 2 bard, $1.55%. Corn—No, 2 mixed, $1.14@1.14%; No. 2 yellow, $1.16@1,16%. Oats—No. 2 white, 51% @51%c; white, 51%c. tye—No. 2, $1.33% @1.34. Barley—70@95c. Timothy seed—$5.50@6.75. Clover seed—$24.00@31.25. Lard—$14.40. Ribs—$13.25. Bellies—$14,87. Market Oil ‘Summary. General Petroleum has struck an oll sand at 6,400 feet in Kettlemen Hills numper 1 well, and gas pres- sure {s sufficient to expect a larger production when well is finally brought in, report from Bakersfield says. Shell company of California com- pletes 4,400-barrel well at 4,265 feet in Dominguez field, Los Angeles basin. Shipping board awarded Mexican Petroleum contract for bunker oll, the contract providing that the ship- ping board pay for the ol] at current rate on date of delivery. All other bids were rejected. Gasoline maket at Tulsa strong with more refiners asking 8. Mar- ket at this point was 6% cents about six weeks ago. Regular Dividend Declared. At a meeting of the board of direc- tors of the Western Exploration company, held at the office of the company in Casper on November 15, the regular quarterly dividend. of one per cent, or five cents per share, was declared payable on December 20 to stockhojder® of record Decem- ber 15. Ni The Standard Cil company of New Jersey has advanced the price of Bunker fuel ofl 5 cents a barrel in New York harbor, Baltimore and Norfolk to $1.80, plus 6% cents a barrel Ughterage charges. Activity Near Cody. Test of a tract of land southeast of Cody is to be started at once by the Fifty-Six Oil company, Already materials are being sent to location. The Pittsburgh-Southwestern gsyn- dicate is to resume operations on a lease north of Cody. The well {s new down 900 feet, The Stock Drill- ing company of Casper is about ready to start spudding on an Ohio Oll company lease in Oregon Basin. A rotary rig is fo be used. eect — rey FLAX. DULUTH /#Minn., Nov. 25.—Close flax; November, $2.64%; December, $2.64; May, $2.72%. : Livestock : All Markets BUSINESS BRIEFS Wall Street Briefs. Freight traffic for the tenth week this year exceeded the million car mark in the period ended November 15, with loadings of 1,015,704 cars, an increase of 21,200 over the pri ceding week, the American Railway association reports. The American Sheet and Tin Plate company has advanced the price of sheet $2 to $3 a ton for delivery in the first quarter of 1925, The Chicago and Northwestern railway has distributed an order for 3,200 freight cars among the pressed cars company, American Car and Foundry, Mlinois Car company, Standard Bteel Car company and the Bettendorf Car company ‘of Davenport, Iowa. John L. Weeks, president of the Maracaibo Ojl Exploration corpora- on, announces that debenture notes will be redeemed at par on February 1 next. In the meantime these notes may he converted into capital mock of the corporation at the rate of one share for each $10 par value of debentures, notice to be given be- fore January 26. PHILADELPHIA. — Several big public projects here have done much ‘Grain and Stock Opinions From |, Brokerage Wire Harris Winthrop—With the ex- ception of real activity in nearby po- aitions, the wheat situation looks strong. @ Bartlett Frazier—Caution is néed- ed in buying wheat at, these levels. The cash corn situation must im- prove materially before higher val- ues can be realized. Hulburd Warren—We favor buy- ing wheat at present prices and on all setbacks. Corn news is some- what depressin, Stein Alstrin—We feel friendly to grains but reactions are due from dme to time. Such a condition may Jevelop today. Thomson McKinnon—Wheat looks aigher. Corn needs a better cash demand. Stock Opinions. Hornblower and Weeks—We ex- pect announcement shortly will be made to the effect that Rock Island has been ‘taken over by Southern Pacific on the basis of two shares Rock Islnd for one share of South- orn Pacific. The general market is likely to be called upon to meet an- other selling test before middle of the week. The time being, therefore continue to follow special issues, Ofls and Coppers. ~ « Block Maloney—We do not think the market will run away but on all drives you can still buy the léaders. Miller and company—The big ar- gument of this situation 1s atill learly with the bulls and we believe that every reaction will uncover an enormous buying power, especially as to the raiis and oils. Livingston and company — The main thing about this market ts that it is primarily a rail market and that Interests can still be aroused in the rail stocks to a much greater extent than any other group. J. 8. Bache and company—For the time being we suggest traders con- tinue their liquidation position and refrain from buying stocks on weak- ness inasmuch as there is no way of estimating how far the corrective readjustment might go. The strength in stocks can be followed for trading turns only. MONEY NEW YORK, Nov. 25.—Call money, firm; high, 2%; low, 2%; ruling rate, 2%; closing bid, 2%; offered at 2%; last loan, 2%; call loans against acceptances, 2%; time loans, steady; mixed collateral, 60-90 days, 3@3%4; 4-6 months, 34@3%; prime commercial paper, 3% @3%. CREED NIGHT AT THE ELKS Wednesday night {s ‘Creed Night” at the local Elks Club, and all mem- bers and visiting Elks are command- ed to be present on that night to take part in the festivities, which commence at sundgwn on Wednes- day evening and end at the break of day on Thanksgiving morning. There will be one continuos ses- sion, and members may come and go as they please, and enjoy the many Novelties arranged for thir enjoy- ment. There will be turkey raffles, including old gobblers, young Turks, and tender young chickens, and all Bills expected to be on hand to peck at ‘em. There will be many different kinds of entertainment af- forded and a poor Bill indeed it will be who cannot find sufficient excite ment to do him for quite a long spell. “Creed Night” is one of the big frolic nights enjoyed by all lodges of the order all over the country, and being a strictly stag affair, good fellowship and unrestricted pleasure reign supreme. All good Elks are expected to be on hand Wednesday evening, to tnke part in the cere- monies, —____ Everybody inrrited—Cor Walters’ dance, Wednesd —_- Try « Tribune classified ad for results, _ to absorb surplus labor released from farms and factories. The new subway under North Broad street is being pushed In two sections and common laborers are being paid 40 cents an hour. This work is tak ing care of many negroes from the south, The timber work in planking the street surface so it will carry vehicular traffic. is calling for many saw and hammer men who are paid 60 cents an hour. The work on the Delaware river bridge and its ap- proaches is employing hundreds who are razing old buildings and filling up old excavations, SAN FRANCISCO.—It is esti- mated that it cost $325,000 for spec- tators to see tle Stanford-California football game Saturday. Railroad fares, tickets and hotel bills, while high, were not the heaviest expense. Thousands were expended for flowers, feathers and pennants. Scores of thousands more were paid out for apprepriate costumes by those at- tending / * ST. LOUIS—The fleet Peoria Grain and Barge company, which has been bought by the St. Louis and Calhoun Packet company, will be operated by the new owners of the Lower Illinois and Mississipp! rivers. FORT LARAMIE PLANS TO INCORPORATE; BIG | DANCE 10 DEFRAY COST HORT LARAMIE, -» Now. 25. —To the tune of jazz Fort Laramie near which are the crumbling re- maths of old Fort Laramie, military post and fur trading rendezvous of Oregon Trail \days, will be incor- ported. At a recent meeting here in the eftice of the Ferf? Laramie Scout plans were made for the big dance which fs to provide the funds to cover incorporation expenses. With a population of 200 peeple Fort Laramie is ready for a big future. Volunteers have come for- ward to take an official census, make arrangements for legal wotk and surveying, and to circulate the incorporation petition. Citizens have been fnvited to “come out and make Fort Laramie a town.” History will be made when this place dances {ts way into legal recognition. ——____ PASSING OF PIONEERS LARAMIE—"Grandma” Wolbol is dead. At the age of 81, after living in Albany county for 52 years, she has passed over the Great Divide. In 1872 she came straight across from her home in Denmark to this section of the state to marry her sweatheart, Mads Wolbol. For 46 years the two and their family lived on @ ranch in Centennial valley. Surviving her are three daughte Mrs. William Davidson, Mrs. HD. Rinesmith and Mrs, Engen. M Nels J WHEATLAND—Mrs, Mary Gable Looker, 80, a resident of Wyoming for 30 years, died here the other day, She and her husband settled near Choyenne but during the past 15 years, following the death of her husband, she lived with a daughter, Mrs. G. Ryff, on a ranch south of Wheatland. Two daughters, Mrs. Elizabeth Brown of Cheyenne and Mrs. G. Ryff, survive her. TELANDER GROGERY AND MARKET 1S. LATEST ADDITION TO BUSINESS Among the recent additions to Casper’s large neighborhood grocery family is the new Telander Grocery and Market, formerly the South Ash Grocery, located at 1045 South Ash street. Since purchasing the store a few weeks ago, Charles Telander, the new owner has remodeled the interior, done considerable decorat ing, and has installed a thoroughly modern meat market. The grocery stock is new and fresh and is thor oughly complete in every line. De- livery service is one of the features offered by Mr. Telander. The meat department is in charge of G. C. Shipley, and éxperienced butcher. — FORMER CHEYENNE MAN 7 Nov. 25. News was received here today of the death at Bangor, Me., of Cap- Charles E, Erswell, a former as the ult of in- juries st ed in an itomobile ac- eldent Erswell, who was born he nt I boy hood tn Cheye son of Mr. and Mrs. of Brunswick Erawell well during his residence in Chey- enne) was famous as a bicycle rider. He and the late Johnny Green, es- tablished on a tandem the fastest mile ever covereé by bicyclists. They j did it on g straight-away course with an 50-mile gale at their backs.