Casper Daily Tribune Newspaper, December 14, 1924, Page 12

movement is interrupted by sharp setbacks and the weakness isonly a correction of the internal structure of the market. and should place: the: lst_in.e. Better. ro to} capacity since z sided. : fining approve. STOCKS FINISH WEEK - INSTRONG DEMAND Freight movement in Youngstown, district has averaged 80 per cent of) By Wilson; Cranmer. & “Co; ~ Allleg Chemical .and-Dye -i._' 83% z tas? t _ | American Can .----------2--- 148%, 20 4 : ‘ share; purchase requires Marked Recovery From Decline Recorded Early. sphatein Gel ae Rees TH FARE SoG ha to ace mccastnlonT Peabes | Tee ae ees eee “TPince!ana Whitely—We look for| Sentiment on wheat to basis pur- In Week Is Brought About During American - ‘ 3 hase. . Byresumption of strength: in the] © ‘Truck and-.Motor, Rickenbacker Mo The Lasse D. American coppers under the leadership of AR.| Stein Alstrin—Further advances} () Gray Motor, mia =. Aveopadieseh ie Last lwo Days. American and KN. are indicated. ada Sotie Abennnginladhen Pang ir Hulburd, Warren and Chandler— Wheat is going much higher. American ‘Block and Maloney—Continue pur- Ceftral Sheet declared $1 on com American z icks, particu- : NEW YORK, Dec. 13—Marked] count rates. A stiffening of money] American m Soe eve tits than SaaS cae Thompson McKinnon — Advises} mon payable “endary 10 to stocks fecovery from the first serious set-|rates contributed to the decline! Anaconda _ | ler and -company—We . cannot | °¥Ying. on dectines. Dece: 31. y ack in stock prices since the|which was halted by Friday‘s up-| Atchison ~ 117% Shut feel that the tells are in a move|, Jackson Brothers—The markets] Paige Detroit Motor declared reg- bull movement was inaugurated | ward movement. Au., Gulf and W. Indies - 20% » be-| attfactive position than 'y. of the look higher. Would buy on dips. ular quarterly dividend of 3 per.cent the day following election featured| Favorable trade and . commodity} Ba‘awin Locomotive Z tape —_— on common payable January 20 te the close of the week's trading on|nows marked the course of trading,| Baltimore and Ohio.=. (Li RE ae RASS stock December 20. * the exchange, today’s short session | unfilled orders of the United States! Bethlehem Steel -. thing to be said t the market Js ‘There has been no check in recent witnessing a material upturn in] Steel corporation shoWing an excep-| California Petroleum — that the advance which started’ in e advance in. business activity jn this Values in continuation of yesterday’s| tionally large increase, amounting] Canadian Pacific y profit-taking-after sodring fi Geahie thas: tor’ the dime. belite country, according to Weekly. Trade strong demand. Weekly mercantile|to half a million tons. Railroad car] Central ‘Leather gs had. been’ maintained’ for’> 44 1G pndead Se suchisiera tee Boece f reviews of a favorable tenor, stiffen-| loadings were likewise bullish. Cerro .de Pasco Copper = ‘Cmreshet 3 coversh se lthe sa i eee eine ranecnl as. : at ng of rates for foreign exchange| Prospects of new heavy produc:} Charidler Motors> —-- ~ 34% .| ~ tenuisivatl A AGRI, 1 ieien ote arg ela pale and contraction in stock offerings] tion of crude from two new Texas| Chesapeake and Ohio — 35 “9696! woone poem lab tee a ta the: enttclnetion rp ee eee | 3 resulted in heavy buying, sales for | fields acted as a restraint on the oll} Chicago and Northwestern -- 73 | Jouia. require 138 ogee 7 BA H wistith caeaa tise el ayia for ESE Nes fe rapier ie taeouts! the short session approximating} issues, which represented thé weak-| Chicago, Mil. & St. Paul. pfd 29% a United States: -wheat-tn -tHe’ la! 1.25% 1.25% | time see : December 29, on incfeasing 600,000 750,000 shares. est, spot in the list early in the week | Chicago, R. I. and Pac. . 5% tin , : Ff a é > she. ft es Oil shares were among those| despite the prediction of the bureau | Chile Copper 34% | Months beginning J: 21-80% ia “128% :1.30 J. 5 Bache and .compdny—We| par shares-to 2,400,000 shares of $25 caution against trying to buy stocks for rallies particularly those stocks which stjll display 4 strong tendency to move. forward against the trend. Pynchon and compan: very bull par. It is planned to place the new stock on $4 annual bass. Belgian government concludes ar- rangements for two loans aggregat- ing $100,000,000 to Nickle Plate, CRASH Is COMING for: the--wéek amounted to +jEBLy 1634 129%" 130%, cents, ‘all grains, showing ** stantial advance. «Only.temporary “recessions < ed the tipward trend maj of mines that an ofl shortage is in prospect, due tothe large increase in consumption. Public utilities were generally strong, merchandis. ing issues were marked up while mo- Which responded in lively manner to the revival of speculation after hav- 4mg lagged behind the general list for several weeks. About a score} of stocks in the general list sold at Corn Products Cosden- O11 .. Crucible Steel - top prices for the year today and|tors climbed on the strength of the| Cuba Cane Sugar pfd. .-... 67% | the six-day period, all sand the closing was strong. approach of dates for the mid-win-| famous Players Lasky -.—.. 94% | domestic reports ‘tending to bolgte ' Setback given stocks earlier in the| ter automobile shows. Buying of| General Bléctric — - 276 | the confidence of buyers. Shipments ‘eek were charged to unfounded | the railroads was good as a result of} General Motors - 61% | from, Ch'cago were expedited and a} ~ ; ° “ Fumors that the local federal re-|favorable news affecting proposed] Great Northern pt - 71%| further shrinkage “in estimates of,| sai 16,55 16.40.-16180. 16.42 e merve bank would increase its re-dis-consolidations, Gu'f States Steel. - 80% | the domestic supply total. was _re- 116.80. 16.85 - 16.60. 16-75 cet ec eer | eee antic Fetroleum International Harvester - 107%| “A source of- strength Fe ” a x 7 be Int. Mer. Marine pfd, - 44% | inthe close of the Take sipthon Siac Mey { 4 {nternational_ Paper - Geel. in wheat,’ while ‘the as F — ; Invincible Oil - 14% | in the* domestic. demand» for ; Kelly Springfiel - 17% | brought. buying ifrom fresh sources: THREATEN ESTATES Roger W. Babson Points Qut, Inconsistencies and Dangers of the Present System of Taxing Inheritances SSABSON PARK, Mass., Dec. 13.— Roger W. Babson has added a new @ngle to the current discussion , of tax revision. In a statement issued today the statistician calls atten- tion to a tax situation demanding ettention and meriting revision. / “Unreasonable or exhorbitant tax- ation ordinarily gets the attention ef the tax payer because the situa- ‘ion is brought home’ to him forcibly When he must pay such a'tax,” says Mr. Babson. “We have a form of tax, however, which does not come ‘under this rule and yet should have Most careful thought and attention. A situation exists in our estate and inheritance taxes as they are levied nd administered, today - which threatens to cut down, perhaps total- 2y destroy, a man’s honest and life @ong efforts to provide suffictently for his family. i “These taxes, both federal and mtate, are individually sound and for tax the securities of a foreign corp- oration willed to a foreign heir if the transfer office of the corporation is within the state. Others levy taxes on the transfer of securitie of any corporation déing business within the states’no matter where it is organized, where the securities are held or where the heir resides. Securities held in ‘a safety dpoait vault in crtain states are subject to taxes by the state for that reason alone. “To illustrate the difficulty aris- ing from this overlapping of taxes we might take a block of railroad stock on which the federal estate tax-must be paid because it is a part of the original estate. This stock in being transferred to an heir might be subject to a tax in the state) of residence, to a tax in the several states In which the: railroad was tn- corporated, to a tax in the state where the, legal transfer office. of Kennecott Copper Limo Locomotive Northern Pacific --.-. Pacific Oil Pan American ePtro! Preducers and Refiners Pure Ol .. Reading --- 71% Republic Iron and Stéel ---. 56 Sears Roebuck --. — 139% Sinclair Con. Ot! — - 16 Southern Pacific -. - 102% Southern Railway - TH Standard Oil of N. J. - 387% Studebaker Corporation - 44% Texas C0, s+---- ~ 48 ‘Tobacco ‘Products A \-------_. 92% Transcontinental Oil , -—. Union: ‘Pacific U. 8: Tnd! ‘Alcoho} ~2_--. - 88% United States Rubber --...... 38% United States ‘Steel. -.------. 117% Utah Copper ---.-----------. 84 Westinghouse Electric 69 Willys Qverland ----.- ~ 10% Colorado Fuel’ and’ Iron —--. 39% National | Lead ewe. 167% : OIL SECURITIES: By Witsen Cranmer & Co. ae Atlantic Pet . _Way'to Working. two: tours:and: pushing rapidly ahead, the Atlantic Petrol- eum company Country’ Club well No 1,,two and a half miles north.of Fort Collins, Colo., ‘is ‘now ‘down. more than 600 feet, having passed through the first water (sand at 535 feet. ‘A |. string of 15% inch .casing. has; been run and the ‘way, is: opened for ‘rap- id’ drilling and a atraight,clean' hole to production. c% » Ss im rf | Interest in this” 4mportant ‘ ‘test near'the oll center of Colorado :has taken'the form of a: constantly=in-| 3:7 creasing demand - for with the company. . Inquiries..can- cerning stock have -poured in frog all parts! of ‘the: country. and | from. Dlaces the. world »around. is quently, Atlantic’ Petroleu; rapid'y: disposed pf, are progressing: 7m’ stock, ts. pPlendidiy.’ _ Drilling Night and De We recommend immediate ‘purchase at initial low price—1 cent a share. Well is down about 600'feet and making splendid progress. This well is closest’ inde- drilling. operation to the world famous Whitaker gusher. eum has announced that the price positively will be advanced 60 or 100-per cent immediately. Get your order in without delay. 1 cent a'share; Cash, or 10 ‘payments without interest.. Get in line for the big quick market Petroleum On do Sands In:the-opinion, of Clem Hinds, head usher, “Atlantic _Petroleum's going to’ get a well at: the: Country No‘ and I'm ‘héte to. aay: fa have worked all-over America® and? as" “drillers. dressers the gang’s not: at to'anyone. We don't ali Atlantic Pe- equal monthly profits’ which ‘are expected. We buy, sell and quate all active listed and unlisted securities. FREE market letter and map of the Fort Collins gusher field today. A Stock and Bond House Worthy of Your Confidence A.A. HALL & CO. Members—Denver Stock Exchange, Denver Chamber of G 711 Seventeenth Street Write for jommerce. Denver, Colorado. Main 4570 Atlan i! words ohly, for the atilling crew -Rurchasei..100,000 shares of the stock, at.1' cent,.a sltare. What's Prospectus dated 9-6-24, relating to this security, filed with Secre! as Epauire’ by the Colorado Securities Act (Blue Sky Law). Copy of State, Carl 8.“Milliken, be mailed by us upon re- Conise- | 1 “aales we: the corporation was located, to the| Bessemer produces unusud! and often unfair| holding the security was located and | Buck Creek ke R Fesults..At tho recent convention of |*, Possible taxes by other states 18) Burke | —- =) TS ina oF wcand eae Rae Gua aa oe eee, ane BER GRRE tap ee ness. The-unfairness of this system | Chappell E ‘The foreign’ investment “‘/with| most~-people-are- aware-of. the -endr- impose a tax of more than 100 per) °"°, oF twa taxes, another maybe | Central Pipe 1.00 mil‘ar is the obligationi-of a govem- | Even’ sterling 1s "st'l" below: gold par- Sent, in:other words’ in an extreme subject to. six or more individual } Consolidated Royalty — 1.06 Ment, or a city payable in: dollars: jollar,; hough there cane the taxes may eat up the entire | levies. One hetr's:share may, be ‘02. 04. | The great majority. of; the’ foretin been great im: tate and the heirs may owe more | ‘xed Jightly, another's due-to the 04 106 | loans listed on the New. York Stock | cént,njonttis.. = ‘ See re? Neclving absolutely | £rm in which the. property exists, if 502 (9g | Exchange Sre of ‘this class. They} The factors, which eS aye may suffer heavily. B. T. Williams 12.13 | AFB comparatively. easy to analyse | movements, of the foreign exchanges weThe first tax to be levied is the| "A. Massachusetts estate of ap-| Fargo °02 ‘og | Inasmuch as {t ts orily the credit of | are too complicated to be: discussed federal entate tax. A fixed percent-| Proximately $3,000,000 was subject] Frantz - 6.00 ° 7.00. | the-borrowing. «government. which | here. |For our - purpose it 1s mge levied by the federal govern-| ‘® % tax of $691,000 or 23 per cent /Gates - 08 19° | has to be considered, ‘There are, | fictent to recognize that’ when Pan ¢ ses all estates of $50,000 or|°f the entire estate. These taxes] Jupiter 04 05 however, other Kinds of. foreign’ se- | fdreign’bond 41s payable%in a foreign sien patore any distribution is made, | Were Paid to the federal government | Kinney Coastal (06. 07 | Gurittes that have been sold to She ratzs are graduated #o that the nd elghteen different states. A large| Lance Creek Royalt; 00% 01 American investors in recent years | speculat'on, eventhough it be a mild Jarge estates pay a proportionally Illjnojs estate amounting to approx-| Marine. ___ 2.00 2.60,. | ®nd doubtless there will be more of | speculation, in Warger tax. Under this tax all prop. imately $23,000,000 was left. to a| Mike Henry 00% .01 this sort in. the ,future. | | ‘Phere @re*a: few-instances of, bonds ‘erty is treated alike. The situation | @#Ushter and two.sons but the will! Mountain & Gulf |---110 1:20 A-torelgn -bond».may “be payable | isgued in foreign currencies “which Ys generally understdod and the levy | Provided specifically. that the two] New York Oil --.1___: 8.50 9.00 net \o..U. 8, dollars but in the cur-| are-payable, interest, and” principal, Sk reaponahie. sons should pay all taxes. - Their] Picardy F cy ot the..ssuing. goverpmelit. fixed rate: of exchange “The moment that an estate is] Shares in the’estate amounted to $1.-| Preston nounds.sterling, francs, ‘guilders ‘sto. these. are the exception: probated and ready to be turned | 890,000 and.2,800,00 respectively, the | Red Bank’. , When; ‘security.ts offered on this ‘to’ those ever to the helrs several forms of|Tesidue of the estate going to the| Roya‘ty & Producers. ..08% . .04% | basis a new element enteraiinto.the Mire ae state inheritance taxes may become | CUshter, but the taxes on the es-| Sunset --.-. Tod 02% | Bituation=.‘The..tnterior, has’ to; Bear |.‘ ; ue and payable. The state in which | tte came to $6,400,000. This left | Tom Bell Royalty |- .03..| n. mind’ not: only ithe: probability: of : ‘has noth: Whe: cecen. the two. sons about $2,000,000 ‘in| Western Exploration . 2.76. 2.60 _ | PaYnient-of interest and‘principal on E tq.do eal tte eetees > gaara debt. Certainly {f the deceased had| Western States _{-. “10 ‘1g | thelappotntedidates-butthe value of teréat apd. principal erate known what his taxes were hel y oi - 104 106 the -ctirenoy vin «which: payment is hut, you. will receive it i errr sy Midna are aye tpeidden ttnta rpEO yous eed eeeeoaee jg How, eames world recat rs quimmneyewnich nowadays has a Th littl t fri Spies | with 4 ; ‘. | ¥ision in his will as he did not in-| Mountain Producers 71 00 |, Arherican r hasbeen. pr | fuetas O valtie. =, This ret of z : Ratectc che F fr with | ted to Rp re: ip ihoys-withaucn Sa aay ee eee 28 | ly tha cen, stabl madiiee jupi: Sapuintion Male recmetiitea fe ad. ROC enc, SOUS HyOUrtritter, away. each ‘week will SA YosRtlen’ GP ther wicane mendous. debt. Salt. Cree 24.12. 24:37] The’ United “States. stands almost Profitabl i 5 pf Tee ttdean mation OF the proper | “Nor is the smail estate entirely | Salt ‘Creek ¢ 6:37" 8.50| afone’in maintaining: free’market ye ah ea amount to.a nice sum in 50 weeks when you. join our Beefy aband.crwife and talracdut tree from these: Gauimerd Spokes DONE on iene Bed tor gold. Everyone knows what bap- \ajrealization of jts nature. Chri Club d ill Mr. Babson. “Federal tax applies to | 3 x 1821 : : ; . : side.of the Immediate family almost | o..tes'of only $50,000 orimore but, 8. O: Indiana &. 60.12 60,37 | = : o ristmas Club, and you will need money then: Join to- invariably pay a higher rate than the immediate family, Real estate mnd securities are taxed upon differ- ent schedules. The location of the Property in elther case has much to the individual state taxes may apply to very small inheritance. /Not only do these collective taxes dtten rep- resent an exhorbitant burden on the estate itself but in the majority of day. ' Commodity Trade News _ | do with thé tax that must be paid ERT i Ry 4 p Bes | pod "geld cass they also tend to cut down cer- oe visteg = y_ of the tri-state lead a ureren P GuLNext, the, inheritince “taxes of (hin anaves tore than others ke tinet Rae Rey 17H 19s | ca TCAGOR ~The. output ‘ot: turni: pand sino: district. tn that mection, to : t lu 1s il ay You payable. Certain states, for in-| th? helra actually benefit in an en-| Gore Scrymeer dab” a3h | Oe ge naootat seer caer | Seal De as : ; ad Dears iees a any on in imeaiea: | Htey difterent proportion than” that | porns, SoZ 3 ahaa | eanamataem pene nee stthoush | ty tipettSloum deptats INCREASING CLUBS { EVEN AMOUNT CLUBS of the securitles of all corporations | ‘ntended by the deceased. Because | nesebrough M. 48% 640 Sreaned’ Geer iain chat arin ie \Gston: Beoma. | ae ; § we never personally pay our own in.| 7°" a per ye] ag ta i : aes ton titans, AP ONO | heritance taxes many men believe | crescent = 12° 44. | fase month, Srotuction te ereduat-| LplILADISESSIA’ Se ahipme'n ts In 50 Weeks (For Xmas, 1925) In 50 Weeks (For Xmas, 1925) poration, for instance, may be| tert whey nay tAak Cumberland 135 187 | ly expanding, with firms «reporting | fromathe- old. coant “of Afri 4 represented in the securities mak-| that they have provided adequately | irekn ___ 81 83 h 1 ¥ th’ behind” from hia, Brazil if psp oe Club ing up part of the estate of a citi-| o* thelr families and as a matter of! Gay” gig Com 58: > 36067 | gaate seo thee ipa ot: | frac eaans” bean Ser tatal pee on 1c Clu pays-_--$12 13 25c¢ Club pays $ Ben of'New York. Urider shad cir, | fact this complicated system and the) Gai, Sig. old pra. i310) dia deres y+ 4 v | tonsrofieocoa sare expected to Cl b mi qa eumstances Oblo collects a tax from | VerMPPINE of | several Individual | Gar" gig, New ped. 2-2 108 00 | | abbaees Relcoh Paani aee 2c Club pays_---$25.50 {| 50c Club pays____ $25.0) the helr who recelves those particu- | \” - i Illinois Pipe ; ae ; ; Ye ; os = lar _accrio "ifn carporn is | ana acm, the Inbetance be | ada i nce rete ed peso oe Se Club pays----$63.75. |} $1 Club pays____$50.0 organized under charters in three or ‘ “| National Transit . = x Four difverent watne as in the cawe | ee es tne |New dork trata Claes tial clases pare! ad Ny Np 10¢'Club pays--$127.50 |} $2 Club pays__¢400.00 ible that the same securitlen mig | ituation shouldbe gane sntor" con-| Quis"gae "iP@.cr=naaom= TA, BS P| millon oleate ne. compared wth No, DECREASING CLUBS $5 Club pays__ $950.00 he subject to three or four state in. | (etl a parhers ascatiation, ihe | International Pete: -.-_ 22%) Sai |. yemper mat year You can begin with 4 ne t " i in-] American Bankers association, the _ rte ‘ gin with the largest meritance’ taxes. Some states even! Tivestment Bankers.or some other Praia hoe see . | €osl.and Coke, _ deposit and decrease your de- $10 Club Pays--_$500.00 public spirited group of business | soiar netg. 23 bo CONNELLSVILLE, Pa.—Over posits each week. $20. Club ays ) men would codify 4 uniform and 700-additional ovens have been light- F: z pay: Zs le fair system of inheritance taxation, e@ in the Connellsville coke: region So. Penn. it is probable that the individual] sw penn. olf this\week by the H.C. Frick com- 1 state could be brought to adopt it] So. "Ing pany and) others. : and the widows, orphans, and de-| 5 © ‘jan. . pendent heirs would be greatly bene-| 5° 6. en. Sporting Goods. = fited. In the meantime tt is every |S: 0: Ken. SEATTLE.—Sporting goods manu. asper ‘ 62) man's duty to his family to check | § 6° onic tacturers >on. the Pacific coast, are a an his own estate periodically to know] § 6 oniy pee now experiment'ng with a . wood 5 a 4 babi his tax ba be sie hag make Swan and Finch ------- known as palma .brava,.or'\ wild s 63 SHOP EARLY (ote s.smene wore | an pac a aie x Ge Fall 35 Years of Service, Ma ee ee | Saat ane | Palgetch a geoee nhc Pals We S Y. 4 ble and unnecessary overlapping of | 816, Neb, 248. sag | fResmanufacture of golt-club shafts. “4 y e erve ou 13 a General business has increased in almost every line since election. The { ) . \Shoppi Days MERRY CHRISTMAS (sn't far 9 sie MIAMI; ‘Okia.—Northeast : | Salt. Creek on till Babsonchart then 7, per cent. below | away! Look alive—look through the | lahoria may hecome’the ante re : : 4 MAS \normai now ahows -activity et ex aaa Git Suggestions’ 'in the ] new gas and oll rush in the opinion | THE 'SHOP-OSCOPE is. sertii L_ actly, normal. Tikes U Claesied Bectign:todayl of mining, men who bave Just’ com-| any and sevius money = Wn RO COC