Casper Daily Tribune Newspaper, December 9, 1924, Page 7

Has Plan to Give Coffee Prices Big Boost control of coffee prices is to be taken ¢ by the latter, providing the national congress consents. The de- fense of the coffee scheme is an offspring of the’ Brazilian coffee valorization scheme initiated under. theiregime of President Pessoa about The government,..by regulating the gmount of Brazilian coffee which reached the markets, was able to ad- and hold prices higher than would have been under normal tions. This was not the first pt_ at valorization of* Brazil’s al crop, but it evidently was successful of the th the pound for thelr morning coffce as a mult of the valorization scheme uf the} Pessoa administration, . The mabe added many millions of dol- to the coffeé bills of the United 8, and saved the Brazilian coffee Industry from the depression and bankruptcy which American agriculture has felt in-the last three years. Had such a period come to the coffee industry,’ Brazil would have been bankrupt, as coffee is her one! great article of commerce. ‘Brazil is undergoing . internal troubles and a serious situation has over the attitude Paulistas sipeeking toward the rest of Brazil, perticularily toward the indolent, ! js northern states. Many r are inclined to believe that the government is ready to give Sao Paulo control of the coffee de- fenee control scheme to allay thé Continuing the subject of foreign bonds and their investment rating, there are a number of other ‘points ‘to be considered beside the credit and to the redemption price, if any. Back in” 1520-‘and’- 192% when European governments were _ bor- rowing in this market the coupon Commodity (Copyright, 1924) Casper Tribune) . Automobiles. DETROIT—The Hupp Motor, Car company shipped 1,062 motor cars in November against 1,537 in October ang 1,901-.1n -Novemver, last year. ‘The estimated. total shipments. for the year are 37,700 as compared with 38,279 last year. Eat ou. SAN FRANCISCO—In preparation for Active competition in the retail field, the. Pan-American Petroleum company will spend $1,500,000 in the next four months on tanks, ware- houses, pipe lines gnd_ service sta- tlong in this section: ‘SHREVEPORT, La.—Twenty new wells -will be begun at once in the Cotton Valley and Waskom ficlds. Oll production in the.lastyweelt jump- ed 4,034 barte:s 4 day to a dally (Copyright, 1924, Casper Tribune.) *ATLAPTA:—Southern cotton men profeés to be waiting with com- placeney, for ‘2 revival: of: spirited trading in ‘cotton which they fore- cast* for after® tie “holidays. ‘The érop.is expected to total more than 13. million. bales but domestic and forelgu mill demand has been grow: ing:and-the market seems to them mot to-have taken into consideration increased European consumption and’ pfobable ‘curtailment of’ the Weyptidn and -Indian yields owing to political disturbance Lotal cot- ten .men cre: talking 20 cent cotton before spring. of + GLEVELAND:—Marine interests here anticipate-a big season in 1925. The Cleveland Cliffs Iron company has placed a contract for August delivery by the Great Lake “Bn- gineer compan; six hundred foots steamer. ikes three contracts “let re for six hun- dred: foot freitit ‘and one for self-loading ‘ore boat of This 2 ent! ST. LOUIS.—Eank clearings here aré running nearly $4,000,000 9 day above those for the corresponding separation from the rest of Brazil, ‘The administration thus removes’ one bone of contention between the government and the state, and re- Heves the pressure of the situation considerably. It is a home rule Proposition for the Paulistas. The effects. Inte: it re moves the dangers of, periodical squabbles over methods and pro- cedure. > Externally it puts the per- sons -most interested in coffee, the growers and jobbers, into control and management of the marketing of their product. Federal interfer- ence, fisealization and red tape will be brushed aside as the coffee peo- Ple defend their source of revenue’ and wealth from the attacks and manipulations of the markets of the world, _ In the agreenient arrived at bp- tween the government and the cof- fee growers the former transfers to, the state government the ten huge Tegulatory warehouses erected last year at enormous cost for storing it certain points in the in- away from the buyers and jobbers in Santos. From these warehouses the coffee stream is regulated to Santos, 35,000 sacks per day in normal times. While buyers know approximately the coffee crop of Brazil each year, the introduction of the system of regulatory warehouses increases the difficuities of buyers and shippérs, as there is no certainty when coffee purchased in the interior will arrive in Santos. Eventually it through these warehouses, to double -handit: well as other needl rates on thelr bonds ran up from 7 to 7% to 8 per cent but in the ma- at a fixed premium eo that if at some future time this particular government found it could borrow could ‘This is a’ fair return but it fs low compared with the apparent yield of an 8 per cént bond selling} 7 at 114, There are other instances of this ‘kind scattered throughout the forelgn bond list. dermption’ provistons by investors. Trade News Furs. , NEW ORLEANS—The trapping Season has opened with indications that the catch will be one of the Smallest in years. The number of Thuskrats and other tur-bearing ani. ™als tn this section has been cut by Holiday le ATLANTA—The shop early {dea ‘has taken ‘a reali hold in Atlanta, Merchants report Christmas sales as heavy as in the last minute rushes of. previous years. High priced gifts are In demand. Fruit. PORTLAND,Ore.—Apple, grovers of Washington and Oregon are h:s- ing. their most - successful Oregon now Is cleaning up 1924 pro- as compared with $6,612,300,000 in 1923, Sate SY, SUGAR PRICE IS REDUCED DENVER, Colo., ‘Dec. 9.—Another reduction of tén cénts a hundred pounds on beet sugar was announced here by. the Great Western Sugar company. + This ~ makes a total redaction of 30 tents sines Saturday. d The reductions make the follow: ing prices"é6n sugaf from the manu- facturer: Beet, $7.95, and cané, $8.16. Officials. of the company declared that further reduction Was only an Indication of 2 heavy market tn Cuba’ and other sugar-yielding cen: ters. ae YOU WON'T know how much fun Christmas shopping can bé—untl) you turn to “Christmas Gift Sug séstions” in the Classified Se¢tion. 3: Stocks | AND QUOTATIONS BY LEASED dsmerica American American Tobacto American Water American Woolen «. Anaconda, Copper ~. Atl, Coast Line 147 Baldwin Locomotive ---~---~ 124 Baltimore and Ohio .-.------ 75! Bethiehem California Petroleum Canadian Pacific Central Leather pf@; ------.. Cerro de Pasco Chandler Motor -.~~.--.----. ‘and. Northwestern —— Chicago - 4 & Bt. Paul pid. oot gl Chile ‘Copper ~--.-~---------- Coca Cola .. a pre ees Fuel -—-.----~----- Sonsolidated Gas ---------.-" orn Products -... Cosden Oll -..--. Crucible Steel _. % Mm 9 42% 3% Du Pont de Nemours ------. Famous Players --..-----— Ger General Motors -. — Great Northern pfd. ~---.--- Gulf States Steel -—--.-.-.- 72% 104% 112% 37% 7185 20% 80% 10% National Lead ----.---------. 160 New York Central ..---.--.. LI7% N.Y. N- H. and Hartford... 29 Norfolk and Western -----.-- 123) American olds ‘Tobacco B || St. Louie and ES greement will have far| Atchison --.---.--—--------- 1164 | Domino -----..-. Sikhorn s5-<.5--... E. T. Willams —.__. WAIGO ee cce ne ceca. 04 7.00 10 05% OTH 01 1.50. 01 1.25 Kinney Coastal .__... Lance,.Creek Royalty . Marine Sunset --_.-__.. Tom. Bell Royalty Western Exploration ~ Western States -..-.. 10° $0" NO-k NEW YORK CURB CLOSING Bid Ask 19.00 19.25 Mountain Producers — Glenrock Oil Salt Creek Prod, Salt Creek Cons. New York Oil _. Mutual 24.75 6.25 8.50 12.00 59.50 LIVESTOCK Chicago Prices. . CHICAGO, Dec. 9.—(U. 8, Depart- ment of Agriculture.)—Hogs—Re- ceipts, 50,000; mostly 15@25c higher than Monday's average; light light and-slaughter pigs, largely ‘hoe up: apots more} good shipping demand; big packers inactive; top, $9.85; bulk desirable 210 to 325 pound butchers, .25@9.75; 170 to 190 pound weight, largely $8.35@9.00; bulk -140 to 150 pound selection, $7.00@7.75; strong weight killing pigs, mostly $6.00@ 6.50; bulk packing sows, $8.75@9.0 heavy weight hogs, $9.50@9.85; me. light, Packing hogs, packing hogs, slaughter pigs, moderately 50@9.50; bul comprising fed; highly finished yeartin; San Fran. .... 63% |and Nandy weight, scarce; prime yearlings, averaging about 1,075 Pounds, held~ around $15.00; three loads scaling 1,101 Pounds, - $13.75; relatively Uttle done on weighty 82 102% | steers; few choice kind here; stock- , 11% 61% 3T 63%. 42% 43% 43% 70% 3% Union Pacific --~------------ 148 United: Drug -----------es--- 114% U,. 8. Cast Iron Pipe ~-------- 141 8, Ind. Alcohol ...-------- 83% U. S. Rubber +-~---.--------- 39% U. 8. Steel ------. 118% Utah Copper -~-.--------+- 84% Wabash pfd A 57% Westinghouse Electric Willys Overland -. Woolworth ----.-- Buckeye -.---------.--. Chesebrought Mfg. ---- Chesebrough pid. — Crescent --. Cumberland Eureka -.-------------- Gal. Sig. Com, ~----.--~ Gal. Sig. Old pfd, ------ Gal. Sig. New pfd. .-.. Illinois Pipe ----------- Indiana New York m4 14% 137 60 116 nsit -- it ... So, Pipe -------------- Penn. OH 8. O. Ken. ------------ Swan and Finch ‘Warhin, B. 0. on =~, Big Muddy 6 Pliot Butte -—--+---~-------s.5014 Lander --~.2s--~----——--- Cat Creek .... Lance Créek Quage . Grass Créek, light Greybull Torchlight Bik Basin Rock Creek Salt Creek ... ers and feeders, comparatively scarce, firm; little country demand for other than steers suitable for roughage purposes; active demand for yearlings stimulating desirable Ught heifers; spots on latter strong to 25c higher; Killing quality con- sidered; vealers, strong; spots higher; packers paying upward to $9.50; out- siders, $10.00 and above; most. can- ners ground. $2.75; bulk fat cow $4.00@5.00; heifers, $5.00@6.50; grain fed kind, $6.50@9.00. > Sheép—Receipts, 1,300; fat jamb mostly 15@25c higher; $15.25@ ; mostly held higher; choice c fat sheep and feeding steady; handy weight fat $8.25@8.50; eding lambs, $14.25 @ 16.00, Omaha Quotations, eb., Lec. 9.—(U, 8. De- Agriculture.)—Hogs— 10,500; mostly 15@25c bulk 200 ‘to 300 pound butchers, $9.00@9.40; top, $9.50; "de- sirable 160 to 200 pound weights, $8.25@9 Ught lights, downward to $7.00; packing sows, $8.60@8.7! smooths, upward to $8.90; bulk of $ 40; average cost Mon- day, $8.78; weight, 221. ipts, 8,500; fed steers uneven; handy weight Steers, active, steady; plain weighty kinds, dull, weak; quality mostly me- dium; bulk, $7.00 to $9.50; top long yearlings, $12.00; butcher cows and heifers, Blow, steady to weak; bulls, weak to 250 lower; veals, stead: etockers and feeders, slow, steady bulk butcher cows and heifers, $3.75 @6.50; canners and cutters, $2.60@ 3. bologna bulls, $3.00@3.25; prac- veal top, 0. Reco! 8,500; spots more; early sales fed westerns, $14.75@15.15; best held at $15.85; fed clipped’ lambs, $12.30; sheep, unevenly higher; fat ewes, $38.90@ feeders, around 25¢ higher; several loads, $14.50; fleshy lambs, upward to $14.80. . _—_ Butter and Eggs CHICAGO, Dec. 9.—Butter, lower} ery extras, 43c; standards, 40%c; extra firsts, 40@40%c; fir 2435 @85%ci seconds, 32@33c. receipts, 9,063 cas ordinary firsts, 35@ 40c; refrigerator extras, 374; POTATOES CHICAGO, Dec. 9 Potatoes, few shade higher; Minnesota sacked round whites, fair to ordinary, 90¢@$1.00; Wisconsin bulk round whites, few sales, $1.00@ 1.15; few fancy trifile higher, “ ee ee Grain STOCK PRICES. “ESIME CLIN change With Renewal of Trading Today NEW YORK, Dec. 9.—Lacking the sensational fluctuations of some re- cent sessions, stock prices forged ahead today under a steady invest- ment demand of the industrial shares. Motors and public utilities gave two of the best exhibitions of group strength contributing 25 new 1924 highs between them. Sales ap- Proximated 1,900,000 share: NEW YORK, Dec. 9.—Stock prices resumed theg advance with fresh vigor at the opening of today's mar- ket. Buying orders’ were spread over a broad lst of industrials and public utilities with gains of 1 to 2 points scored by International Har- vester, Pierce Arrow Motor pre- ferred, American Water Works and Detroit Edison, all of which reached new high ground. Prices continued to work higher as trading expanded. Public utility, farm equipment and motor issues ex. tended their recent gains while mer- cantile, copper and Independent steel shares captured a large portion of the buying orders. The lst of-more than 15 new high records included iron Products, Youngstown Sheet and Tube, Worthington Pump, Kennecott Copper, Advance Rumely preferred and Maxwell Motors B, which advanced 1 to 2% points, General Electric, West Penn Power and Stewart Warner nyoved up 2 to 3 points. Erle common and first preferred advanced a point each. Foreign exchanges opened firm with sterling reaching a new 1924 high at $4.71. Under the leadership of invest- ment shares, prices swept forward. Reports of expanding operations and hardening of prices in vartous lines of industry gave additional impetus to the advance with strength of the higher grade shares auto- matically imparting a firmer tone to speculative issues. Buying orders poured in for a variety of public utility, railroad equipment and eleo- trical stocks with a third of the more than thirty new high records held by the public utility group. West Pennsylvania Power extended Its gain to almost five points, Gen- eral Electric to 4% and American Water Works to more than three points. “Other impressive gains were scored by Pierce Arrow Motor pre: ferred, Railway Steel Spring, Fiske Rubber first preferred and Cast Iron Pipe, which moved up 3 to 5 points. American Sugar issues were driven down one to two points and General Baking broke even. Call money re- newed at 3% per cent. y Buying orders were distributed in the pivoltal, industrial shares,. es- pecially the steel group, after mid- day when the speculation showed signs of quieting down. United States Stell and Baldwin rose two points. Less active issues, such as Sears Roebuck, American Ice, Coca Cola, Iron Products, Chandler Mo- tors and Great Wi rn Sugar, went up 2 to 3, and International Shoe five points. - The closing was strong, Buying of the specialties was resumed with increasing vigor in the late trading. American Woolen, Postum Cereal, ‘oundation Company and Otls Ele- vator being among the many issues to sell 2 to 3 points higher. Ofts were heavy. SEES CRT Ta PETROLEUM INSTITUTE COUNCILLORS CONVENE AT FORT WORTH, TEX. FORT WORTH, Texas, Dec. 9—~ (By ,The Associated Press.)—Coun- cillora of the American Petroleum Institute, meeting here today will select the new directors as the first Step in the convention's annual pro grant. The findings of this com: mittee “will be reported to the gen- eral sessions of the institute which open’ this afternoon. President Tom O'Donnell will de- liver his annual address this afters noen after which W. C. Téagle of the Standard O11 company of New Jersey, and Charles EH. Mitchell of New York, banker, will speak. Chairman Davis of the institute edusationdl ‘committee, which wilt port to tho institute on the pro- posed relations campaign said the report had mot yet been completed but will be ready late today. NEW YORK, Dec. 9.—Call money firme! high 31%; low 3%; ruling rate 3%; closing bid 3%; offered at 3%; ldst Joan 3%; call loans against acceptances 2%, Time loans firmer; mixed collateral, 60-90 days 34 @3%4} 4-6 months 3% @3%; prime commer: cjal paper 34% @3%. TAXI FARES ARE SLASHED IN. FRISCO TRANCISCO, Dec. 9.—Two| of the larger taxicab companies op- erating in San Francisco today an- nounced the elimination of the ex- tra passenger charge. Under the néw Price schedule as many as five pas- sengérs will be carried for a single fare. WINTRY BLAST BOOSTS CORN Drought Argentina Also Bulih Factor in Boating ices CHICAGO, oR ee ees drought in Argen! and wintry weather west of Chicago, hoisted the corn markét today to an all-argund new record for high prices this sea- son. Country offerings of corn here were again ~ On the upturns in price, ahs: enlarged and th market reacted to below yesterday's finish but later rallied. The open- ing which ranged from %c to l'sc higher, May $1.27 to $1.27%. was followed by numerous fluctuations within limite of about two cents. ADD CORN-bi rasédttapeRE — Speculative purchasing broadened out as the day wore on, especially in the last half hour, The closing was strong, 1%c to 3%o net higher, May 1.28% to $1.28%. Wheat sympathized with the corn advance. Owing to recent gains, however, numerous traders operated for a setback. After opening at %c to &c higher, May $1.64% to $1.65 and July $1.45% to $1454, wheat averaged lower as compared with the close yesterday. Subsequently persistent buying of December delivery for important houses carried that month to a new top price record for the season. It was said considerable wheat is about to be moved east from here at once. Wheat closed strong, 1% to 3c net higher, May $1.65% tq $1.65% and July $1.46% to $1.46%. * Oats ‘ld ‘nearly steady, dtarting unchanged te %c off, May 6240 to 62%c and later showing slight gains. Higher quotations on hogs rallied the provision market from a tem- porary decline, Open High Low Close w=-n- 1.50% 1.60% 1.58% 1.60% wee= LEO4FM T6514 1.63% °1.65% a--- 145% 146% 1.44 1.46% @ 1.22% 1.26% 1.21 1.24 wa-- 127 = 1.28% 1.26% 1.28 weee 1.37% 1.28% 1.26% 1.28 BTM 58% OTK 83% 64-62% 81% 62% 60% 62%" 1.38% 1.36% 1.235 1.36% 1.40% 141 1.39% 1, 1.29" 1.31% 1.29" 1.81% 16.70 16.03 Dec. May July 58% 63% July --.- Laré— Jan. ~--.16.00 May Ribe— 16.32 ~--=16.20 16.63 18-95 14.55 14.20 14.70 15.00 15.50 PLANT ROOF STRUCK BY ROCKSLIDE SAN FRANCISCO, Cal., Dec. 9. —Recent rains pe'ting against Tele- Sraph Hill, San Francisco's historic downtown landmark, Joosened sev- eral tons of rock which crashed 75 feet yesterday to the concrete roof of the Dominion Oi! plant at San- some and Filbert Streets, at the base of the hill. The rock smashed through the concreté roof and cover: 04 e eection of the building where ol} Wag stored, ae DENVER, 10. 9—The hiccough epidemic, after playing an extended engagement in the east and middlewest, has reached Denver. Physicians have reported numer- ous cases of the malady which they attribtite to the extreme atmospheric dryness. y None of the cases, which have been for the most part cotncident with “flu,” bronchitis or severe colds and grippe, have been eerious enough to require hospital treat- ment. WASHINGTON STROKE [5 POPULAR WITH CRE SEATTLE, Was! Dec. 9. Tho only schools that have not shown a willingnéss to take up the conibear stroke of the University of Wash- ington are staid eastern institutions, according to Don Grant, assistant erew coach at Yale and former Uni- versity of Washington Coxswain. Grant, who arrived here last night from New Hayen, predicted that the conibear system will be adopted “by all progreasive schools in the near future.” SILVER NBW YORK, Dec. 9.—Bar silver; 80%; Mexican dollars, 53%. Our business is excellent because we satisfy customers The Great Northern Motor Co. 333 North Wolcott Street. Phone 2772 Grain and Stock | Opinions From | Brokerage Wire| Grain S. STEIN ALSTRIN.—Higher prices are probable, although advances will likely meet resistance. BARTLETT FRAZIER.—Woe are confident of ultimately higher prices in al grains. THOMPSON McKINNON.—There is every prospect of a slowly vancing tendency. J, 8. BACHE AND CO.—We f friendly to the buying side of wheat on breaks. JACKSON remains bullish. Stock Opinions. COMING EVENTS.—Structive commitments in selective issues can be maintained with reasonable as- surance of higher prices before any reversal is experienced in the mar- ket trend. HAYDENSTONE.—We can read- ily eonceive of higher prices for standard railroad issues. We think industrials in some instances ‘are getting away from present values. HORNBLOWER AND —We think {t will p: with the stocks that defined upward trend and we would not be hasty fn concluding a gen eral reaction is underway until sig- nified by the market Itself PYNCHON AND CO.—We aavo- Sate acceptance of profits during bursts of strength. MILLER AND Cc.—Ralls, partl- cularly standard issues, have. not as yet discontinued their developing Prosrerity. BLOCK MALONEY.—We © would buy only.on soft spots. For the fu ture we think there will be higher prices in rails of the high grade ts: sues. At present a two sided mar. ket {s likely. wJ. 8. BACHE AND CO.—If the industrial ist is goire to resume tty broad advance we should get a sig- nal in the form of higher average prices than those which have pre- vailed uring the past three weeks. | Market Goss | General Summary. Indiana Pipe Line declared $1 dividend payable February 14° to stock of January 20. Texas Pacific Coal and Ol) has completed second gas well estimat- BROSHERS.—News PAGE SEVEN. MERCURY HITS: FLEVEN BELOW (Continued from Page One.) dicted cold wave for the Rocky Mountain region failed to _matefial- ize last night. Leadville, Colo. and Lander, Wyc., were the only points reporting below zero temperatures, Leadville reported minimum temger- atures of four degrees below and maximum temperature of 18 degtées above. At Lander the mercury sank -to 16 degrees below and reached only 8 above at the high mark. Below normal temperatures are reported from the northern. Rogky “Mountain _ regions extending. easiy ward into Nebraska. Temperatures ranging slightly above zero are predicted for tonight in Cotorado, Wyoming and’ eastern New Mexico, where snow was pre dicted for this afternoon. ST. PAUL, Minn., Dec. 9.—Relief from ‘the midwinter weather, which has been gripping the northwest for two days was ptomised for today by the weather bureau, with rising tem- peratures by Wednesday. Railroad and bus transportation was interrupted {n parts of South Dakota and North Dakota and Iowa by drifted snow. South Dakota”re ported some snow and below Zero weather, The worst part of the storm which at times assumed the proportions, of @ blizzard, has swung eastward into Wireonsin today. f In South Dakota countty roads were blocked and several trains were cancelled. Automobiles were stalled in drifts and one ‘train, beund “for Sioux Falls, was stuck in the stow near Beaver Creek, Minn. Sioux City, Iowa, advices told of public school sessions betng gan- celled for the because of the deep snow and street car and tfain service win hampered. ANIL PURCHASE S PETITIONED BY THE S, P. Consolidation Plahs €d at 75,000,000 cubic feet in San Pa- trico county, Texas. Refiners ask 9%c for . United States Motor gasoline in Texas. Simma Petroleum takes over 43 acres held by Marland Ol! in new Wortham. pool. Two hundred twenty-seven, wells gre dril'ing in Wortham pool and Production expected to reach 250,000 barrels’ a Gay in 50 da: Erle and Van Sweringen inter- ests make progress on lease terms which they hope to report to Erie board shortly. Movement under way {n Chicago to restore trading in indemnitles on grain, Necessary agreement of Capper-Tincher act will be asked. Daniel Boone Woolen mills shows $2,744,063 deficit against $467,605 surplus on December 31, 19: Famous Players Lasky declared regular quarterly $2 dividend pay. able February 2 to st@ek of January 15. Rock Island orders from Pressed Stee] Car, November steel ingot output, 3 107,226 tons against 3,111,542 {n Oc tober and. 8,134,000 in November, 1923. Boyd Simms well in fleld made 430. barrels through half-inch pip: CONSUL DIES AFTER BEING SHOT BY GIRL WASHINGTON, Dec. 9.—The Geath of Vide Consul Henry A. Day- ton, ‘shot several days ago jn’ Bel- grade, was reported to the state department. Mr. Dayton was first reported to have heen shot by a. young woman who afterwards committed suicida. No details of the tragédy however, have been reported by Consul Pat- ton in charge of the Belgrade post. Later press advices have tended to throw a veil of mystery over the exgct manner in which Dayton was shot as well as the death of the young woman. 1,000 ‘cars Wortham a day Plans for Porter *Carried Forward in “© Southwest. : -~ oe a WASHINGTON, ‘Dec. 9. — The Southern Pacific railroad in further- ante of its plane for consolidating other railroads in the southwest with its present system applied for pas- mission from the Interstate Com- merce Commission today to purcliase control of the San Antonio and “Ar- kansas Pasa railroad: which oper- ates 729 miles of track in Texas, Tho transaction would be carried out by the transfer of 9,854 shares of the Arkansas Pass com ‘s stock to the Ajouthern Pacific in re- || turn for a cash payment of $286,600. The Southern Pacific proposes: to lease the line when acquired torthe Galveston, Harrisburg and San. An- tonio railroad which the Southern Pacific now owns, for operation, poe Sicha i aks Tradition Rides ‘With King and Queen in London i LONDON, Dec. 9.—{By The Asso- clated Press.)—Londoners today are enjoying one of thelr most chérished pageantries—the procession. of “the | king and queen from the pa’acé to Westminister and back on tho ecn- sion of their state inauguration of the now session of parliament, The antique gilded coach in whic! their majesties ride, drawn by. eight great bay horses covered with brtl- | Nant. trappings, never. fails to draw |] crowds, while the attraction js round- }| ed off by the glittering escort of life guards and a numbe® of state éar- |] riages carrying officialé of the réyal household. Aside from the main procession, the Prince of Wales has a little cor- tege all to himself, driving to par- Hament With a mtitary escort and drawing cheers os hearty as those for the sovereigns. Former J ustice: Pitney of High Funeral Delayed LOS ANGELES, Dee. 9.—Upon the arrival of her husband, Charles O. Porter, enroute hére ?rdm Indiana will likely depend the completién af funeral arrangements for Gene Stratton Porter, novelist and short story writer, who died here Satur: May night of injuries received when ner! automobile collided with a street car, { Meanwhile, Coroner F. A. Nance Plannéd to hold an inavest, though the reports of poll etectives who investigated the crash indicated tt Court is Dead — WASHINGTON, Dec. .9-—Former Justice Mahion Pitney of. th a preme court died here early today. Death ooourred tn the hours | diately ‘after midnight ney was 66 years of from the bench bec« December 31, NEW YORK, Dec. changes irregular relg: jotations, In} was unavoldabl nts: Great Britain ¢ a