Casper Daily Tribune Newspaper, December 1, 1924, Page 7

Oil :: Peanuts Rapidly Take MONDAY, DECEMBER 1, 1924 Finance Place Among Leading Crops of Southern States By J. C. ROYLE. NEW YORK, Dec. 1.—The shrill Whistle of the peanut ro: gtown fhito the bull throat call of hundreds of big mills this year. For peanut oil mills in the south are rapidly supplanting the cotton seed oil plants, the ac of Which have lessened {n vol late years. America has not only: le d to gtow and eat peanuts, it hos learned to sell thém. Consequently, this crop is taking a prominent place among profitable prodifets of the aot) Prices have afivanced atound $10 a ton since the first of this month despite tle government estimate that the 1924 erép will show an in- creased yield of 25 per cent. One of the largest peanut brokers in the ‘world located in Chicago, attributes fhis in large part to the fact that largé tomhages now have passed into the hands of co-operative mar- keting associations, which are amply financed to feed out the exact amount demanded by constimers without breaking the price. The Georgia Peanut Growers’ Co- operative dssociation, for example, has been financed by the federal intermediate credit Wank, through its branch at Columbia, 8. C. The nasociatior claims it has been largely instrumental in strengthening the market, which dropped ftom $120 a ton in September to $65 in October. Georgia's crop, fourth in the coun- try {n 1923 with 88,912 tens, is esti- mated now at 59,400 tons, with a yield of 700 pounds to the acre, Since bankers have recognized the commodity as stafidard loan value, however, growers anticipate no dif- fieulfy in financing orderly market- ing of any excess. Peanut production in the south has laid its wreath at the foot of thé mérittment to the boll weevil for, 4& a crop, {t has become secondary only to cotton and tobacco, It was & feature of the diversified farming which, though born of necessity be- cause of the boll weevil, has revolu- tidnized southern business condl- tions. Tobacco and peanuts, new “money” crops, Were largely responsiblé for the 6 per cent gain in farm wealth in’ Georgia in the last year, accord- ing to state Statisticians. The pea- nut situation is expected to ‘benefit from the disruption in Chifia caused by recent revolutionary distiithances. China is the foremost competitor of the United States in the world sale of péanuts and whilé conditiona are better In the east, they still ate far frem favorablé for active competi- tion from China this season. Peanuts also had @ most important part in thé improvement of farm sales in the goth and southwest this year. A survey by thé National Association of Real Estate Boards shows that the rrumber of farm sales in the south have increased 220 per cent in numbér and 49 per cent in the price paid the sellers, Like a score of other industries, the peanut business is taking leaves from the California and Florida books and is preparing for a wide- spréad campaign of advertising and publicity to stimulate sales, provide new markets and cut cost of dis- tributing the crop. The effect of aa- vertising and consequent broadening of markets on selling cost# is amply exemplified by the recent report on the Sufhmaid raisin growers. For 1922, the ¢ost of selling a ton of raisins was $4.55. For 1923 it was $3.83 and for this year so far it has been cut to 81 cents. Value of Advertising Recognized. Communities in all séctions are realizing to the full the value of advertising. The busines’ men of Philadelphia are taking active steps to make the products of that section nationally known and ar6 spending money to do ft. Thé Seattle Cham- ber of Commerce has appropriated nearly $100,000 for national advertis- ing noxt year, The organization feels that 1925 will be a record breaking tour for the northwest and Alaska. The latter territory seems destined to be the summer play- ground of the world at no distant date and both north Pacific states and British Columbia are preparing to capture the volume of trade which will flow with the tourists through their gateways. veryman’s Investment Credit Unions, A form of financial organization about which too ittle 1s known is the, credit union. In a way the credit union is analogous to the building and loan association. Both these institutions are primarily de- signed to help those of sami! cap!- tal, or, sometimes, of no capital at all. The building and loan makes ft possible for the wage earner to berrow money to build a home and to pay off the loan in small install- ments out of savings from his wages or salary. The ctedit union enables the wage earner, the small salaried man, or the farmer with very limited capital to borrow money for various purposes when without the union he would be un- able to borrow at all or ‘only at ruinous rates. ‘The credit union is comparatively a new thing tn the United States. It ort#inated on the other side. The various states have different laws governing the formation of these unions but the general principles are the same. Massachuastts and North Carolina were among the plo- neers in the movement. In a general way @ credit union has beon defin- ed af a “co-operative association whose objects are (1) to promote ; | Commodity * Corn, SPRINGFIELD, Mh, Dec, 1— With corn at $1 on the farms, cen- tral Illinois elevators are flooded with thousands of bushels. The yield of 33 bushels to the acre is be- low normal, Tlusking is general and the supply of kere is ample. Lamber, SEATTLE, Dec, 1.—The relation between sales and production in the lumber mills of western Washing- ton and Oregon between November 15 and November 22 was 33 per cent in favor of sales, Prices on some grades have advanced $3 a thousand since election Fruit, JACKSONVILLE, Via. Dec, L— Florida grapefruit is being intro duced into England and the first ship load now on the way to Liverpool. Automobiles, READING, Pa. Dec, 1—The Parish Manufacturing company, manufacturers of auto frames, has bought thessites of the Mellert Foundry and the Drummond Iron Works here and will erect a new plant which will increase production 50 per cent and employ 400 men. KANSAS © manufacturers and confectioners re: port sales running 20 to 30 per cent ahead of those of,a year ago. Nuts, | 2W ORLEANS De 1.—Pecan rs may the Mississippi! and The trade «lmost entir on ure t exhaui between 800 and 900 last » have risen thrift among its members and (2) to provide its members with ecrodit fa- cilities.” Another authority has called a credit union bank In minature.” In every case the union operates under state authority and supervision and conforms to certain general regulations prescribed by the state authorities. It. mobflizes the savings of its members, savings so smal] individually as to appear hardly worth while, and makes loans 80 small as to fall without the province of the commercial bank, é Credit untons are organized for the moat part by @ particular group, either engaged in the same line of industry or Mving. in the same neighborhood. In Massachusetts and in the industrial states of the north the credit unions are general- ly employees of .corporations. In North Carolina and in tho agricul- tural states of the south and the west they are small farmers, At first thought it would seem that this business of making small loans on individual credit involved a good deal of risk, but the records show that the risk fs very small, In fact the results compare very fa- vorably with those of the building and loan and that {s high praise, Trade News Textiles, - PORTLAND, Me,, Dee, 1,—In con- trast with other periods of depres: sion atocke of goods in storehouses of the Maine cotton millg*are low. Makers have been keepiix barely ahead of ordera owing to the uncer talnties of the market, Tomatoes, ‘ JEFY'ORSON CITY, Mo., Dee, 1.— The tomato crop of the Missouri Ozarks this season was valued at $2,500,000, Rain during the growing season cut, production about 10 per cent, Steel, PITTSBURGH, Dec. 1.—The pig iron buying movement has grown in proportions and the total now is larger than the movement of last August and furnaces aro getting more out of it sit\e they advanced prices during instead of after the heaviest demand. SUGAR NEW YORK, Dec. 1.—Business in nts at former prices of 0 for fine granulated. Refined futures were nominal, Sie Neballscit POTATOES CHICAGO, Dec. 1.—Potatoes, early | trading rat? >w, market about steady; rece 7 cars; total U. S. shipments S 628; Sunday, 42; ota a consin sacked whites, some decayed and 80@90 best shade poor, 70; Minnesota sacked er Ohios, few 1.25; Idaho sacked R sharply, 00. All. Chem & Dye ---+.------- “ American Can . ecosann= 147% American Car & Foundry --. 174% American Locométive ------. 83% American Sm. and Refg. ---- 86% American Sugar -~ American Tel. & T American Tobacco Amegican Water Works -. 138% Amefican Woolen 759% Anaconda Copper 40% Atchison Atl. Const Line Baldwin Locomotive -. Baftimnore and Ohio - Bethlehem Steel California Petroleum a Canadian Pacific ex div. ---- 151% Central Leather pfd -------~ 51 Cerr de Rasco --. 48% Chandler Motors ~ =~) 32.) Chesapeake and Ohio ------_ 905% Chicago & Northwestern ex di 6314 Chicago, Mil. & St. Paul, pfd. 27% Chicago. R. I. & Pac, -—. 46% Chile Copper 34% Coca Cola -~ 7 Colorado Fuel 39% Congoleum -.--- at Consotidated Gas --.. 76% Corp Products ~~. Cosden Oil -- a a Crucible Steel —--. = 69% Cuba Cane Sugar pfd. - - OL Davison Chemical ~ = 40% Du Pont de Nemours -. = 135," Erje~ ---. - 80% Famous Players = 93% Genefal Asphalt - = 51% General Hlectric ~ 267% General Motors - 61 Great Northern pta. - 0% Gulf tSates Steel 2 79% Houston Oil 4 Hudson Motors Illinois Central * Int. Harverter - = 102% Int. Mer. Marine p: 2 45% Invincible Oil —. - 4% Kelly Springfield el Kennecott Copper — 50% Lehigh Valley ~-2.... 71 Touisville and Nash - 104 Mack Truck - —~ 110 Mariana Oil = 87% Maxwell Motors A = Mexican Sedboard Oil . - 20% Mo., Kati. & Texas _ - 28% Missouri Pacific pf. - 60% Montgomery Ward - 45% National Bisctit. . - 12% National Lead. = 161 New York Central - 116 N. Y., N. H. and Hartford . 291% Norfolk and Western - Nor. American -. Northerft Pacific Pacific Oil - af Pan American Petroleum B __ Pennsylvania --.--.4..._.. 48% Phila. & Rdg. C. & Phil'ips Petroleum Pure Ol 69% 53 Reynolds Tobacco B 79 St. Louis and San Fran. 61% Seaboard Air Line ....-... Sears Roebuck —.W.. Sinclair Con, ~.s4s... 16% Sloas-Sheft, Steel 79% Southern Pacific - 101% Southern: Railway ... 5M Standard Otl, Cal. — - 62% Standard Oil of N. J. I BT% Stewart Warner .-.-..... 6215 Studebaker “4 ‘Texas Co. -. ~ 43% Texas and P 43% Tobacco Products 70% Tranroont, 101 ~~... Union Pacific ex div. United Drug «..... U. 8S. Cast Iron Pipe U. 8. Ind, Alcohol ... U. S. Rubber U. 8. Steel, --.._ Utah Copper -.. Wabash pfd. A Westinghouse Electric Willys Over'and Wooltvorth Bessemer Boston Wyom Buck Creek Burke Blackstone Salt Creek Chappell Columbine Central Pipe Consolidated Royalty. Cow Gulch Domino Elkhorn - T.. Willams rgo -- Frants . Gates Jupiter — Kinney Coastal Lance | Creek Marine ~~... 209 05 Mike Henry ountain & Gu Picardy Preston Sunset ----_... Tom Bell Royalty Western Exploration Western States Y on Mountain @enrock Oil _. Salt Creek Prod, Salt Creek Cons, New York Oil Mutual 8. O. Indiana roducers — pate CRUDE MARKET Cac Crees Lance Cre Rock Creek Salt Creek Big Muddy Mule Creek Sunburst Hamilton Perris Byron Notohes -... Pilot Butte Lander Dome Salen neeeyeneen anne *| Royalty & Producers Bessemer Boston Wyoming ---- Buck Creek Burke Blackstone Chappell Columbine Central Pipe Consolidated Royaity- Cow Gulch - Salt Creek Jupiter Kinteys.Coastal Lanée Creek Royalty — Marino Mike He Mountain & Gulf s-.. New York Ott Picardy Preston Red Bank - Sunset -. Tom Bell Western Exploration ~ 2.90 3.05 Western States -s..-.” .10 12 YON. rcctewsee. 06 08 NEW YORK CURB CLOSING Bia Ask Mountain Producers -. 19.00, 19.12 Glenrock OM} 25 Salt Creek Prod. -. 25.25 Salt Creek Con: 7.00 New York Oil 9.00 Mutual ---... 12.50 S. O. Indiana < 61.62 LIVESTOCK — CHICAGO, Dec. 1. — Hogs — Re- celpts 93,000; active mostly firm; light light and light weight steady to five cents higher; liberal supply and active buying support, few early sales weak to l(c lower; top $9.80; bulk good and cholce 225 to $25 pound butchers $9.30@9.55; 170 to 200 pound weight largely $8.60@9.25 buk 140 to 150 pound selections at $7.25@8.25; packing cows thostly at $8.85@9.10; majority strong weight ‘slaughter pigs $6.50@7; heavyweight hogs $9.40@9.60; medium $8.804P9.60; Might $7.50@9.25; light ght §6.50@ 8.50; packing hogs smooth $9@9.20; packing hogs rough $8.60@: laugh- ter pigs $5.75@7. Cattle—32,000; trade uncven; kill- ing quality plain; fairly active de- mand for yearlings and better trades matured steers, desirable beet heifers also wanted; bulk fed steers short fed offering of ve@lue to eel! at $10 and below, show tejett year- ings upward to $14.25; some regular market offerings held above $13.75; several loads light offerings early $11@13; early top matured steers $10.60; some held higher; run in- eludes about 2,000 western grassers; steer contingent mostly in feeder flesh, ehe stock run liberal; lower grades predominating; bu'ls and vealers steady; few bolognas above $4; bulk vealers $3.50@9; lower grades stockers and feeders in too lberal supply: weak; kinds of value to sell at $6 upward, steady, Pheep—Receipts 22,000; very ac: tive; fat lambs fully 25c higher; bulk better grades natives and fed werterns $14.75@15; top $15.25; no clipped lambs sold; heavy yearing wethers $11; fat sheep and feeding lambs around 25c higher; handy weight fat ewes up to $3.75; bulk de- sirable feeders $14.50@15; top $15. OMAHA, Neb., Dec. 1—Hogs: Re- ceipts 13 000; fairly active, generally steady; bulk 200 to 800 pound butch. ers $8.60@$9.15; top $9.20; desirable 160 to 200 pound weights $8.00@ 38.60; ight lights downward'to $7.00 packing sows $8.25@$8.50; bulk of salos $8,25@$9.10; average cost $8.63; weight 226, Cattle—Receipts 10,000; fed steers and’ yearlings moderately active; strong to 10¢ and 15c higher; top jong yearlings $13.25; bulk early sales $7.00@$10.50; butcher cows and heifers generally steady strong to 2be higher;"Dotogna bulls steady; stockers and feeders strong; bulk butcher cows and helfors. $8.50 $5.00; few fed cows $5.50; heifers $6.00; bologna bulls $3.007$3,50;, practical veal top $4.50; few to out- elders upward to stockers and feeders $5.00@$6.60. Sheep—Rece!pts 6,500; lambs most. ly 25e higher; early sules fed wert erns $14.25 72$14.40; best held around $14.50; fed clipped lambs $11.75@ $12.10; yearlings and sheep strong to 2he higher; Nght yearlings $11.00; wethers upward to $9.00; fat ewes upward to $8.25; feeding lambs steady $13.75 bid, DENVER, olo., Dec, 1.—Hoge— Receipts 1,900; active; steady to 10¢ higher; spots up more; top $9.20; medium to choice 190 to 250 pound averuges $8.55 to $9.10; light lUghte $8; fat pigs $7; packing sows $7.50 to $7.75; stobk pigs uneven, most- ly $5.25. Cattle—Receipts $8,600; calves at $4.50; active; quality improved; fat she stock stoady to ihc higher; feed- ers most'y 10a to 15c higher; killing calves sirong} other oclasses fully rteady; 1,075 pound’ steers § load- heifers $5.50; other $4.50 to 85.25; fat cows $4.3544.60; eanners and cutters $2 to §3; fow choice vealers $8 to $8.50; several loads feeders $6 to $6.90; early top $7; few cows $3.15, Sheep — Receipts 8,850; no fat lambs offered; quotably higher} one load 117 pound fat ewes steady to $7.75; no feeder lambs sold early. —$— MONEY e@ NEW YC + Dec. 1.—Callmon- ey firm; high low 3; ruling rate 8; closing bid 31%; offered at last loan call loans agains’ ig loans firmer; mix- ‘90 days 344 @3%4; 4-6 months 3%4@ Paper 343. 4; prime commercial veals ' [Woodrow Wilson. , LOUIS, Dec. 1.—The board ofj PHILADELPHIA, Dec. 1—The bo of thé Fedéral Inland| pennsylvania afd Baitimeré and ‘Waterways corporation wilt) mest! Onto railroads have begun Fecelv- here December 1 to plan an inGteas@// sicuiries for transportation ot — ~ servic he Missis- ‘ 1, ths Barge a aie Republican delégations Which wien ,. in this ter be "port peers freight|to attend President Goolfdgé’s In- October. auguration. , NEET TUESDAY" ~ Opinions From | Fifth Suecessive Week of | Bull Movement Looms in Trading Reports Throwing off the early restraint imposed by higher call and time money rates, stock prices boufided upward again today with buying wnost active in the coppers, motors, public utitities and specialties. Over seventy iss touched new 1924 highs. Sales approximated 1,850,000 shares. Rising prices ushered in the new Week on the New York Stock Ex- Change. There was a large accumu- lation of week end buying orders for the coppers and _ specialties, more than a dozen issues attain: ing new high prices for the year in the first five minutes of trading. Universal Pipe a: Radiator pre- ferred advanced 214 points to a new top. Other new highs included Con- solidated Gas. Baltimore and Ohio, Frisco common, Kennecott, Magma and Inspiration Coppers, Stude- baker, Continental Can and Ajax Rubber. Bullish demonstrations were vig- crously conducted thréughout the early trading, the lst of new highs reaching the thirty mark before the end of the first half hour. Amert- can Water Works (old stock) jump- ed 4% points to a new top at 181, General Baking advanced 2 peints, Pressed Steel Car 1% and Southern Pacific, Houston Oil, American Lin- seed and Famous Players moved up a point or more. Among tho Issues to better their previous high prices were Union Pacific, North Ameri+ car Company, Public Service of New Jersey, Park and Tilford, Gen- The market cloded Heavy at 1%c net lower to %¢ advance, December at ; Wi j $252% to $1.58% and May 31.0% 1 Brokerage Wire | 61, 3 i - WASHINGTON, Dec. 1.— Grain exports from the United states week were 5,438,000 bushels Inst 9,027,000 bushels the previous week. Figuites fot this week made pubiic today by the commerce department pr comparisons for the wéek be- ore. Bariéy - 876,000 bushels against 907,000 busheis, corn 88,000 bushels Inbt 128,000; oats 44,000 against 0; 106,000 against 353,000; 5 73,000 against 7,544,000, “Canadian grain in transit cleared the United States ports 950,- 0 bushels against 2,024,000, Wheat flour, United States and Canadian in transit 449,000 barrels against 443,000 barri Oi Su . Astociated \ Oil ‘completed its Wanka well an offset to Barnsdall and Superior Maxwell lease m south- west Rosecrans Wwithdinitlal flow of 2,058 barrels-clean out 42 gravity in 24 hours. Well was Neted at 4,428 feet and is third in field to make better than 2,000 barrels daily initial cot has six wells drili- ing at Dominquez with one ready to come inv , Dec, 1.+Wheat ran up ¥ te hew high price réc- Frost reports (Continued from Page One) providing seats at the hon pleny for the guests, the balance Will open to all who desire to attend, just as long as the tiekets last. In order. that ¥isitéts may b6 giv- en a cordial weleoine, Chairrhan R. 8. Ellison has named # special récep- tion committee with -A, J. Hazlett as chairman. Ih addition both Pres- ident Brooks and Chairman Ellison urges upon all citizens to make !t their duty to give cordial greetings to the visitors. The several committees named to look after various detalla of the af: fair follows: Genetal arrangement éommittes: R. 8. Ellison, chairman; M. B,, Young, M. Ji Foley, M. O. Dantowt, A. Baker, 2. W. Greenburg, C. B. Richardson, * . Entertainment Committee—J. Lesty, chaltman; Doh Lobdell, N.Shaw, ©. A. Cullen, W. L, Ron-, aldson, Cleveland Btofrs, Mr. B. K. Loy, Mrs. J. B. Barnes. Ticket oommitteeRobert “Wal- lace, chairman; L. C. Klein, T. N. had apparently ee tended also prices. opening which ranged from % to 116 higher with December $1.54% to $1.55 and $1.63 to $1,684, wa followed by mi terial further gains, Corn and oats téok an upward swing with Wheat and as a result of the fact that Decehiber corn deliv- erles were smalle¥ than had been expected. After optning at %s to 1%0 higher, May, $1.22% to $1.2214, the corn market eased down a little but then went higher than before. Oats started unchanged to %o higher, May 58% to 58%¢ and later continued to aseend. = Owing te sympathy with grain, provisions were firmer notwith- standing a decline ‘in the hog mar- ket. 4) Subsequently, the United States visible supply total was shown to have enlarged to more than 100,000, A. i Geologists predict new Wortham | Shaw, Frank England, J. M. Durst, eral Motors, Hudson Motors, Pure] 000 bushels, and the market under- field ultimately will produce some|James Ingram, Peter. Gillespie, Oll, American Tobacco (new) andj went a sharp setback. fifty million barres ofl and be as - O'Donnell, J.C 2 Endicott-Johnson. Foreign ex-| Despite unfavorable crop reports rv erry nnell, J. C. Lindsay, 856d aH Powell. Russain syndicate contracts to supply 1925 oil requirements. of Ital- jan industries amounting to 120,000 tons. Wheat March up half; corn: De cember up 1 from Saturday's ‘close, Buenos Aires, Saturday's market closed firm; frost reported in sec- tions of the west and south. Herbert Ladd, A. J. Hardendorf, ; Reception Cominittee=-A, J. Has-~ lett, chairman; B. J. Sullivan, Ralph Louks, C, B. Stafford, George Jarvis, G. R. Hagens, R. Mf. An-\g 4 of drug, 17, 1, Dailey, Jerempih Mar honey, W. L. Connelly, w- White, John McFadyen, W. D, Wea- thers, Max Levan, Earl Hafway, Jullan C. Lever, R. E. Wertz,.C. A. changes opened firm. Several traders took advantage of the bullish demonstrations in the coppers, motors, public utilities, leathers and specialties by distribut- ing selling orders in other stocks, St. Paul preferred, Seaboard. Airline preferred, Maxwell Motors B, Re- Dlogle Steel and several other issues falling back 1 to 2% points. Amert- from Argentina, the corn market receded when wheat became weak, Corn closed easy at the same as Saturday's finish to %c lower, May $1.21 to $1.21%. Wheat—No. 2 red, $1.68% @1.68%4; No. 2 hard, $1.65% @1.57%. Corn—No. 2 mixed, $1.15@1.15; No. 2 yellow, $1.17@1.17%. Oata—No. 2 white, 54@54%4c; No. 7 can Can advanced 2 points but most {3 white, 50% @52%c. s NEW YORE, Dec. 1—Prices 6f| hf is hawanin or we manu ot the other Standard industrials | Rye—No. 2, $1.95%4@1.85%. ‘Wyoming olls at 2p. m. today were| Hagood, Fred’ B. Capon, A. Mf. Gee, fow’ limits, theiarking ‘vp of. the Timothy sede 45 50@6.15. eee ee ee ee apa Tom. Gack why ae, Dees cack SOPetOSIPTIe Bie oe Grete Standard Of (Indihna) 61%; Moun. | AoA Binder He ee ernest atrictive effect on trading. Ameri-| jncogie en: < tain Producers 19; Mutual 12%:| Shumaker, 'Q. K. Deaver, Verne can Water Works (old) jumped 11% | jaeition’ aie 25, New York, 9; Salt Creek Producers,| Mokler, John Slater, A. H. Stewart, polnts to. 139, and the ‘new stock| wheat. Open High Low Close} *" 5 Fe G. Nicolayson, W. NW. Cobb, 2. moved up 2%. Kansas City Bouth-| Hee. 1.64% 1.57 1.589% 1.58% Harty Durham, E. P. Bacon, tO. burgh and West Virginias both we | MAY —--~ 142 Lea 1.008 2.60% [fg Eggs || station, 1 6: chappet, N-9. Bure new tops. epee x . 3 . ‘worth, M. K. Fleming, "Thomas Other issues to establish new Kiney, W. S. Kimball, August Bott, maximum prices were American ine Sue fa! tts Ny NEW. YORK, Dec. 1--Butter;| A. Roed, Patrick J. Sullivan, Sme'ting, H. R. Mallinson, Jordan ets 124 1.29, 1.22 |-firm; receipts, 5,856; creamery high-| Patrick O'Connor, Roscoe H, Reeve, Motors, Brown Shoe Common and preferred, Westinghouse Mae Otis Blevator and Chicago North- western, In line with the current practice of making bullish demonstrations in shares which had been rather slug: gish. the coalers were run up after midday. Reading, Baltimore ‘and Ohio and Jersey Central rising 3 to 4 points. Atchison was also push: ed well across 116 and Erle first preferred, Chicago and Eastern Il- Unois preferredgand Southern Rall way preferred, went into new high territory. F The closing was irregular. Heavy accumulation of the ‘‘Katy” issues and a jump of 10 points in Iron Products preferred, featured the late trading. United States Steel common and American Can were heavy, ECONOMY PLEA July LL 129 H. R. Lathrop, ‘M, ©. Kelth, W. J. Cheley, B. L. Scherek, L. B. Jay, Edward C. Madden, Bert 8 Yohe, H. D. MeCormick, W. F. Wilkerson, Harle Boyle, Patrick Royee, John M.- Whisenhunt, ‘Walter Btorey, Claude Crosby, Lee Doud, . M6 gomery Robinson, Emmett Full Ben Robertson, Francis Brown, Re A. West, H. A. Woods. LIBERTY BONDS NEW YORK, -Dec. bonds closed: 3%s $100.27; first 4%48 $101.80; second 4%s $101.6; third 444s $101.19; fourth 4s $102.3; U. 8. Government 4%s $105.14, er than extras, 47% @48c; creamery, extras (92 score), 47¢;--ditté, firats (88 to 91 score), 89@46%o;, packing stocks, current make, No. 2, 26@ weak; receipts, 4,463; fresh gathered, extra firsts, 58@60c; ditto, firsts, 52@56c; ditto, seconds, 46@ nearby. hennery whites, closely selected, extras, 73@74c; nearby and nearby western hennery whit firsts to average extras, 69@72 nearby hennery browns, extras, 68@ 75c; Pacific coast whites, extras, 68@70c; Pacific coast whites, firsts to extra firsts, 60@67c; refrigerator, extra firsts, 40c; ditto, firsts, 38% @ 89 t6c, Cheese, firm; receipts, 248,213; state whole milk flats, fresh fan to fancy specials, 21% @220; ditto, average run, 20% @2ic; state, whole milk, flats, held fancy to fancy spe- clals, 22% @23 %c; ditto, average run, 20% @22c, ~ 1.89% 1.95% 1.33%) 1.34% wane 1.8814 /1.89% 1.37% 1.37% July <2.2 L274 1.27% 1.26% 1.2545 Lard— 18.32 Jan, 16.67 15.10 15.37 15.22 16.60 13.85 13.85 14.00 13.85 “14.00 14.45 1.—Liberty MINNEAPOLIS, Minn., Dec. 1.—- Wheat cash number 1 northern at $1.51% @1.52%; number 1 dark north- ern spring. choice to fancy $1.61%@ 1.73%} good to choice $1.55% @1.60% ordinary to -gcod $1.52% @1.55%; number 1 hard spring $153%@ 1.78%; number 1 dark hard Montana on track §$1.614%@1.6 i Foreign Exchange NEW YORK, Dec. 1.—Poreign ex- . rve December 3 7 iter lowars changes firm: quotations in cents: $1.81) LAT; creamery extras 49140; standards ‘ 3 #1. ras new December $1.51%; May | 450; extra firsts 45@48c; firsts 37@ | Greet Britain demand 468%; cables $1.L6%. 4lc; seconds 33@365c.- © 464; 60-day bills on banks 461. Fran u Eggs unnettied; receipts 2,013; | 1¢mand 5.4544: eables 5.47, Ttaly de- + Corn number 8 yellow $1,111.14. Oata number 3 white 47% @4T%c. Barley 65@83cc. Rye number 2, at 51.26% @1.28%. Flax number 1, at $2.61%4@ 9.63% . mand 4.3494; cables 4.35% Belgium demand 4.95%; cables 4.99. Gérmany demand 23,81. Holand 40.81. Nor- Way 14.80. Sweden 26.91. Denmark 17.48. Switzerland 19.31 Spain 1372. Greece 178. Poland 19%. Czecho Slo- kia 3. Jugo Slavia 145%. Austria 014%. Rumania 514%. Argentina firsts 48@56c; ordinary firsts 35@ refrigerator extras 37@37%c; firsts 350. FORBES TRIAL MINOR LEAGUES Strict Adherence to Sal- Pensioners From Saey 7 88.25. Brazil 11.60. Tokio 38%. Mon- | A_ ary Limit and Eliminat- f A free eh uss amt 8 ing Bounk Is: ewed War of 1812 Are Building Permi ‘ \¢ till ° ° ed uudain erm ; HARTFORD, C Dee, 1.—(By Ss Being Paid 4 oe , Conn., a, 1k « The Amoolated Prone}—Baagball : (Continued from Rage One.) For M onth Small magna’ here for the ann) meet-| WASHINGTON, Deo, 1—~United trial ing of the National Association of | Press,)—The federal government te|t> ferrced tre trance Vals mon Professional’ Baseball Leagues | still Denalone on account of! ment on veterans hospitals, it was| Bullding permite authorized by weak eee toe aed contin: | the War of 4812 which ended more | ennounced today by their counsel. | the city engineer during November enthusiastic tony: ine ti wand ca P ps al Vie Gini tpatparared than $4 pho Semen he started today er @ week spent in| than $11,000 from th canary werkt is gaining momen-| With the longer lives assured by selecting a jury and delivering the| October, which was irr a um in minor league baseball, modern health conditions, the. gov: opening statements, about $9,000 short of the Septem- Pani) Roll. preeidens of the Hast-| ernment may be expected to be still Both sides indicated that a large | mark. sraske age, yee iaea HBr a ew paying insurance ces og of the | number of witnesses had been sum. The largest single project wae °°. Tot Chaos | agent world war in the year 2080. | moned, Several of the acta cited a George W. K. Posvar' i league to back his platform of thres| None of the actuat veterans of the oo conan ce eye en amabitious evidence of a conspiracy to defraud, related to widely scattered events, such as the salvage of the sunken tanker Goodhell by Thompson on the Pacifico coast, the purchase of some of the government's discarded war time wooden vessels by Thomp- son and others at New Port Ni economy planks, Advocating abolition of high sal- aries, elimination of what-he te: ‘baseball's greatest evil, the bonus, and @ substantial reduction in the number of optional players on minor league teams, O'Neill said today he would demand. that! minor league War of 1812 are still alive, but the Pension Bureau is paying pensions to 29 widows of veterans of that war, The oldest pensioner on the rolls is Mahala Huff of Louisa, Ky,, widow of James Huff, a private In ree nia, militia in the War of announcement of his intention to erect @ $15,000 office building, which to date has taken no more concrete form. The only other project of pei se od ae was the $12,000 ment house contemplate Henry Jensen. ett ————.__ @ ie 105 years old and until - clubs adhere strictly to the letter | she dies wi'l draw month from | Vir#inia, the* Northampton, Mai Try a Tribune classified ad f of tha law inthe matter of tie eat tee coowemin t e and American Lake, Washington, | resulta, : ~ ary Hmit, ‘Two issues likely to cloud the at- mosphere of what otherwise will be & peaceful session are a proposal to give minor league playera sold to the majors ten per cent of the pur- chase price and a plan for a most valuable player award similar to the one now in effect in tho Natloral and American Leagues... ' hospital contracts, and others, It was on this plea of difference in the number of witnesses that the do: fense won separation of the bribery = 4nd fraud charges at the opening of q the trial. It is the fraud indictment which is being tried now. . Elias H, Mortimer of Philadelphia, described by John W. H. Crim, spe- cial assistant attorney genoral, as “the paid informant" of the govern- ment, ‘was to be the firat witness today, government counsel stated. > METALS | NEW YORK, Deo, 1—Copper firm. Blectrolytio t and nearby 14@14%; futures WOUK. Tin firm; spot and futures 66.25, Tron firm; number 1 northern 23.50@ 26,00; number 2 northern 22.50@ 23.50; number 2 southern 19,00. Lead steady; spot 8.65@9.00; zino WASHINGTON, Dec, 1—The first act of the house today” after the formalities connected with the opening, was to pass and send to| firm; East St. Louls spot and futurea| A ‘mile on new bole the senaté a resolution proposing | 7.05@7.10. Antimony spot 14.27: by side, is eiaee ite Pease that Monday, December 15 be set Museum collecti year, aside for services in memory of] ‘Try a ‘Tribune classified ad for pia Sead dahil results, J) ~ 4 , Tribune wantads bring results.