Casper Daily Tribune Newspaper, January 18, 1925, Page 19

VEXT iDAY, JANUARY 18, 1925 {LE OUTLOOK IS BRIGHTER—-BABSON 4 — — | Optimism Expressed for Coming Year. by. Noted - Statistician in Explaining Status - of Industry at Present BADSON PARK, Mass., Jan. 17.— Inf'view of the wretched condition of the textile industry Roger W. Bab. son was today interviewed as to the fymdgmental situation in this basic manufacturing group, He seems more*sptimistic for the coming year and‘ gives. good reasons. for his’ be- Hef, § “Of Bourse the textile situation ts primarily bound up in three fac- tors," says Mr, Babson. First, the demand for goods; second, the price of cgtton, and third. the wage scale, Statistics clearly indicate that the demand for goods will be greater in 1925 than in 1924. Prices will be more in line; people will have more money and stocks must be replen- ished. As to the price of cotton it is difficult to make forecasts but it seems now-at a fair level and fs rela- tively cheaper than wool at the mo- ment. Although cotton {s now 80 per cent over pre-war levels, it must be remembered that it was 190 per cent above. pre-war levels a year ago. As I have frankly stated, in times past, that cotton was too cheap or too high, perhaps my. opin- ton. today that it is selling at a fair price 18 worthy of consideration,. ‘The wage situation has distinctly improved during the past year, I beleve>that at Jeast 30 per cent of the New England cotton mill spin dies are operating on the 10 per cent reduced wage scale, This means that over 30 per cent of the 190,000 ts exceedingly favorable to the fun- damental situation. + Textile Securities, “Unfortunately textile securities have not met with marked public favor, continued Mr, Babson. “Many investors—yes, ‘the | gréat mass of investors outside of . New England—heave little or no interest in textile stocks. In a way mill own+ ers themselves have been largely responsible for this condition. I say this because they have heretofore tenaciously held the good. stocks and have offered to the, public the poorer ones. So long,as a, mill has continued very prosperotis the Own- ers have held the stocks, and as a rule, it has only been when they saw the tide turn against them that they sold these ‘stocks to the pub- lic. “The above statement, however, does not mean that it is. impossible to secure good mill stocks such as “Amoskeag,"’"Pacific Mills,"’ “West Point" or others which I might msn- tion. These may all be purchased on the market by brokers who pecialize in mill stocks. ‘It is now. ossible for an investor to buy must, however, choose carefully ag they are not handed out on a’silver. platter, “With general business, as reflect. ed by the Babsonchart, at 6 per cent above normal and the tide still rising, I believe the textile industry operatives have adjusted themselves to the new conditions, All of this has turned the corner and that. 19256, will be a much. better. year,’ South and Ea st Edges of Wortham Pool are Defined WORTHAM Texas, Jan, 17.— (Speclal to Wilson, Cranmer and Company).—Now that the south and east edges of the new Wortham pool of Texas have been defined, many test wells started in those parts of the field. have been abandoned. ‘Three companies have cut down thelr program of tank building and water ig’showmg up.in’some Wells. Prospects for Wortham attaining @ peak production of 200,000 barrels daily now. appears remote, unless the Woodbine sand takes a dip northeastward. At present Wortham pool 1# @ Very nartow one resemb- ling @ ‘shoe-string, ‘from southwest to northeast, Mid,Continent oil, men-are more cheerful and expect the production peak of Wortham to be reached shortly which will he followed ‘by'an, advahké. OF ptid-Continent érude, as smallfrefiners. are now Xeeping the spot dmarket clean and very liberal ewes. baie © ommodity (Copyright, 1925, Casper Tribune) Iron hnd Steel. vw” SPRINGFIELD, Mo.—The ‘tron ore mined in Missour!: during the last year totaled 85,000 tons, a gain of 4,500 tens as compared with a “year_ago.. The St. Louis Forgings company has bought the Valley Forgings company, the East St. Louis subsidiary of the Laclede Steel company. PITTSBURGH.—Business in plg fron here is quiet and most consum- ers appear well fixed for the remain- der of the quarter: But higher prices-are being quoted for second quarter delivery. Oil, BOSTON.—Colonial and “Atlantic Réfining filling stations have ad- Yanced the price of gasoline 2 cents a gallon in response to similar ac- tion taken by the Standard Oil com- pany in ‘this territory. The Texas company Is expected to follow sult. Eggs. FORT WORTH.—Eges went to $1 | a dozén in some ‘exas towns this | y and high prices pre. vail -throughout the -entire south west. _ “HOUSTON.—There is a shortage of e&gs in Texas and farmers are receiving 60 cents a dozen At re- tally eggs are selling here at 80 cents a dozen. Bean: DETROIT.—Speculation in «white beans is very active, with prices here as high as $6 a hundred pounds, In western Michigan $6.15 is quoted and some dealers forecast $7 before the new crop begins to move. Tho output for th country last year was only 13,300,002 bushels, as against 16;000,000 in 1 SP. LOUIS ducts corpors profits for t] ed $750,000. ‘The Certainteed Pro- fon announces that its last 11 months total- Livestock. ales hayo been Uons of southern , cattle, and hogs ATLANTA heavy at the red mules, held here recen horse Yarns. PHILADELPHia—Spinners are generally holding yarns for top mar- ket’ quotations, yarris are low. The demand for knit foods is such that yarn “maRérs look forward to a good year’s busl- ness from this source. NEW ORLEANS.—The Saimen Brick and Lumber company has | Boyd Oll, number 8; Stocks of weaving |. 4 Premiums are being offared crude. Production of Wortham this.morn- ing showed output of 166,713 barrels from 73 wells. Average prodiction for per well is showing a marked: de- } cline. Wortham opérators’ aré generally ordering pumping ‘equipment be- cause knowledge gained at Mexia, Powell, Kosse, Currie and Richmond is that Woodbine sand wells do not flow naturally longer than. 30.days, after which they must be pumped. 4{r methods redueed so, sticcess. fully at Powell are to be tried out at Wortham, the ajr compressing -ma- chines being moved to Wortham. Simms Pete. has sold 200 000 bar. rels ‘of Wortham crude at $1.25 per barrel plus loading: expenses. Operators ‘and producers fn east- ern field ate somewhat optimistic as to, anvearly. cyaneasan he marker despite the fact that forsome weeks production has been increasing says the Oil City Derick. Ry Trade News company, to exploit timber lands in Nicaraugua. The new concern will ship machinery to Nicaraugua and erect mills.with 150,000 feet daily ca- pacity output, which will be sold mainly in the West Indies. Coal. PITTSBURGH.—Coal production {s beginning to edge upward again in the Pittsburgh district and-com- bination rail and river mines are now running close to 50 per cent of capacity. Demand !s improving. . Dairy Products. CHICAGO.—Cold storage hand- lings of butter amounting.to.65,767/- 000 pounds are more than. twice as large as a year ago, when they were 30,299,000 pounds, but are down 35 milion pounds from the 100:800,000 pounds in storage December 1,.1924. Cold storage eggs are scarcer than last year. Only 1,059,000 dozen are in storage. Oil Summary, Sinclair Crude Oil Purchasing commpany Is negotiating for refund ing of $50,000,000 issues maturing in April, 1925, and February, 1926), Petroleum, imports into United Kingdom for the week ended Jann- exceeded 28,000,000 imperial against 64,000,000 weeic be- Buckeye Pipe Line has declared a rogulir quarterly dividend of $1 payable March 14, to stock of record February 20. New Wortham pool oi! well com pletions are as follows: Simms Pete. company, number 3; Calamas, 1,500 barréls initial;) Barclay ‘and Ma- dows, number 1; Hatch, 3,000 bar- rels; Magnolia Pete, number 1,200 barrels initial: Simms Marland niimber 7; Simmons, 1,000 barrel mmons, 2,4( initial, Times says -production of Worth- am pool probably will not ‘exceed 179,000 barrels a, day when at peak Simmons production 11,500 ba a day net in Wortham. Production outside of Wortham is about 9,000 barrels a day. General Summary. Metro-Goldwxn. quarter . November 0 net after expenses, but before federal taxes $475,790. Bradstroet’s Says trade and tndus try show gradual livening up as month advances. Dun’s report shows this week against 5 failures 2 last week and joined “hands with the Vaccaro steamship interests and formed a $4,009,900 corporation to be known ‘8 the Brenghams Bludd Lumber 580 # year ogo. Dun's review says development of constructive nature “still predomm ate and stetistical records bet out stocks in any of the good mills. He’ Sunday, ..Monday—Ernest _ Tor- rence, Cullen Landis, Mary Astor, Waullace"Beery, in “The Fighting Coward.” ‘The Telephone -Girls and News. . Tuesday, Wednesday — Antonio Moreno. and Agnes Ayres in “Story Without a Name.” Monte Banks comedy “Wedding Bells’. Aesops Fables. Thursday, Friday—Richard Dix in “Manhattan.” Sid Smith comedy, “Husbands Wanted.” Felix, The Cat Cartoon, Columbia... Sunday, Monday, Tuesday, Wed- nesday—The New York Roof Garden Revue in the -big musical success, “Going Up,” First run feature pic: ture “A. Woman's Woman," with Mary Alden. Thursday, Friday, Saturday—The Néw York Roof Garden Revue in a new musical show and first run ple. ture. Mabel Normand in “Suzann Americas Sunday, Monday “Welcome Stranger” Aaron Hoffman's great Stage play with Florence Vidor, Dore Davideon, Virginia Erowne Fatro, Noah Beery, Lloyd Hughes, and, Rob+ ert Edeson, Also comedy ‘Brothers Under the Chin” with Stan Laurel, ._ fhe Casuer Sunday Cribune ES Hunter, Bessie Love and Hobart Bosworth. Adapted from the. story. “From The Altar to the Hill” by Mary Roberts Rinehart. Also com-= edy “The Rats Knuckles,” . Pathe News and “Topics of the Day. ‘ Friday, Saturday—Reginald Denny and Laura La Plante in.The Fast Worker.” An intoxieating whirl” of love, fun and thrills in'a superD so- cfety surrounding. Also Our Gang in their new comedy “The Sundown Ltd." and Fox News. Tris. Sunday Only—Hoot Gibson in his new western, “The Hurricane Kid." Also comedy “So.'This Is Hamlet.” Monday,- Tuesday—Jack Hoxie in ‘The Crows Nest” and a comedy ‘Stay Single.’ Wednesday, Thursday—Pete Mor- rison in “West ys, East’ and com- edy “Corn Fed.” > Friday, Saturday—Rin-Tin-Tin the wonder dog in ‘Find Your Man” a big story of the far north in which this great dog actor is supported by June Marlowe. Also comedy “Out Bound.” Beige Wool Women’s Departmental club concert Monday evening. Tuesday, Wednesday, Thursday— “The , Silent Watche: with Glenn gr other Instances of forward trend in both’ domestic business and foreign trade, R. J. Reynolds purchases 50 mil- lion peunds loaf from’ 1924 crop of Burley Tobacco Growers corpora- tive dssociatior. Marshall Field company in weekly review ‘say current wholesale distri- bution of dry goods exceeded last week's volume and also that of a year ago by a considerable margin. Collections were nbout the same for icorresponding ‘period last year. Annual statement of federal re- ‘serve bank of New York shows defl- elt of $1,179,677 after dividends, compared with net income of $3, 043,679 in 1923. Grain and Stock Opinions From Brokerage Wire Stock Opinions. J. 8. Bache and company—We continue to advise the lightening of long accounts on all rallies for the present and are of the opinion that market ‘as a whole may be entering a period of correction, accompanied by considerable irregularity and a lower range of prices, Block Malone—While the general business out) 4s excellent, there fs nothing in re nine pub- Uc enthusiasm for stocks, and with the buying power much reduced, we think. you will see more selling gn ral'ies. We would use such oppor- | tunitles to reduce nes, but do not | sell on weak spots. | Hornblower and Weeks — We would biy Southern Pacific, “expect- ‘ng ofl developments and an in- crease of dividend at the next meet- ing to cause substantial advance. We think N. Y. C., U. 8., W. X., U. P., R. G. and G. M. O, will be fea- tures during the next rally period. Pynehon and ‘company—Even though in the long run prices may attain higher lev be prepared for sharp technical setbacks at this juncture, Tobey and Kirke—We think it well to reduce long holdings on any strong spots. Coming Events—Sound stocks are meeting with good absorption on prives and a rally before the close of today’s short session is expected. Grain Opinions. Stein Alstrin—Look for trading market. Barlett Frazier—We advise cau- tion on buying side of wheat. At these. levels we do no fayor buying corn. Harris Winthrop—We believe con- tinued support will be necessary to mgintain these levels. 4 ' Thompson McKinnon — There must be a steady and important for- eign buying if wheat {8 to rule per: manently higher. The ratio of ten to_one coyn worth $1 for feeding to Jackson Brothers—We expect to sell materially higher. It is too early to advarice corn. Tribune—Action of wheat in rally- ing after the early break and closing well toward the top showed that it is dangerous to sell on declines and that the bullish influence dominates the market and that all breaks are being taken advantage of by large buyers to pick up the offerings. The position of leading holders was strengthened by the day's develop: ments. Journal of Commerce—Revival of activity in the export business and the development of further strength tn the domestic cash wheat and four situation served to restore confi: dence in higher prices for wheat and the trade last night favored the long side for a possible agvance in.,| to new high ground, CHICAGO-—Little delay today ex- pected fn grain inspection as a re erratic Frocks Borers of embroidery makd this beige: wool frock most uni usual and striking, without {1 he least detracting from its prae! deal side, The brilliant reds and sreens in the embroidery indicate a colorful season ahead, 55 Will Hays Tells Story on Radio On my last trip to the west coast studios, I had as traveling compan- fon my good friend, Jim Connery. Jim got on the train at Chicago and had the drawing-room next to mine. He is one of the owners of the fa- mous Edgewater Beach Hotel in his home town, on the roof of which is, one of the most effective radio broadcasting stations in the world. Among the luggage. which the porter carried into Jim's drawing- room was an ordinary’ sized black’ suitcase. The colored boy set this. down with our other bags and was standing gazing at them when sud- denly a voice sounded. “T-say-to-you.” The porter turned and sald, “Yas- sir, Cap'n Connery?” “I dodn’t say anything, Jim. The puzzled boy turned away and again the voice sounded. “T-tell-you——” ‘Yassir, Mr. Hayes?’ said porter. I told him I hadn't address. ed him either. More puzzled than ever, he was bending over the bags, when again the voice uttered tho solemn words: “T-say-to-you-—" The boy leaned over the black suitcase, caught two or three more words of the mysterious voice, straightened up ang in about four jumps was at tho other end of the car, the scaredest darkey I ever saw. “Well, {t was worth while lug- ging that sultcase along,” said Jim “It's my newest set, tuned in on WEBH. Some bird ts making ‘a speech on the roof there.” ———_—— replied sult of a fire yesterday afternoon in the Imperial building which houses the grain Inspection department Westbound Yo. 603 The honey crop of America, which {s produced tn. about six weeks, is worth over $50 090,000. q \Coming Eclipse Holds Thrill For New York In Possible Crime Wave By- ROBERT . SMALL. Copyright 1925; Casper- Tribune) .NEW.-YORK,.Jan. 17¢-With the total eclipse of the sun but a mat- ‘ter Of a Week away, New York is be= ginning. to. feél a. bit-apprehensive and nervous. There {s.. always a certain amount of siiperstitutious fear. connected with phenomenon of this sort; ‘but New-York isnot so much worried about the -uneartht: it Is fearful. that the earthly evi which thrive in the dark mdy take advantage. of this:extra period. of nefarious darkness: and, despite; the cops, “null something” that would be terrible. Banka are being warned “not to send their messeugers, out with val- uables during ‘the acheduled minutes of the eclipse unless they be guard- ed'in some unusual way, The traffic cops are wondering what to do yhen the gloom of night suddenly settles down in the midst of what should otherwise be 4 fair and crisp morning. The suggestion has been made and strongly advocated that all traffic stop dead still dur- ing-the period of total.eclipse. It has been suggested-that-all sound shourd cease and thus make the spectacle even more awesome than.if the busy city were to keep right on about its business. : Either fortunately or unfortunate. ly for New York,. the eclipse is to visit only’ the northern sections of the city, Harlem and the Bronx, but of all the com{e songs and the so-called “funny jokés,-coming into their own’ at 148t While the greater part.of the proud Manhattan and home-loving Broklyn, must _be con- tent to lurk outside the black border. Now York's great financial district is to be spared the visitation of to- tality and someone has been mean enough to remark that Wall Street's ways are dark enough without any sort of celestial help. Tho trading hours in the “stréet'’ were set for daylight for a very good purpose and there should be no disturbance of the system of uncanny night time: _ New Yorkers, regarding them: Selves wiser than all who live in “the sticks” are akeptieal about this eclipse. ‘They don't see how it can be night time above 116th street at the same time jt is daylight at 110th. They are lke a lot of Missourtanse You've got to show them. Further: more, they think it very inconsider- ate of the eclipse to happen in Har- lem and the Bronx at a time when nearly everybody is either at work or on the way to lower Manhattan. Mayor Hylan is blamed in so; quarters for arrang- ing the eclipse in this manner. And anyway, & total eclipse doesn't mean an awful lot in the life of a popula- tion which spends a couple of hours ur so undefground every day. The New Yorkers go into an eclipse every time they enter the subways und there will bo thousands upon thousands of them clinging to the old strap or packed upon the plat: forms while the sun is eclipsed over their heads. The mere fact that this is the first timé an eclipse has reater New York does not spell « thing... New Yorkers get so many kicks out of life that a mere two For Sale 8s Owner Furnished Apartment House Close-in, four blocks from main four corners. One 5-room, four 8-room and nine 2-room apartments; 6 baths, laundry room, on pavement; all rented. public bath. Nice big garage, Price $22,500, Terms—$8,000 Down Payment Balance $250 a month including interest. For more particulars see C. H. Whaley, Tailor. 116 E. Midwest Ave., Casper, Wyo., or Phone 483-J or 1392-J ‘the |. TRAIN SCHEDULES CHICAGO & NORTHWESTERN Arri Departs 2:10 p.m. Departs 6:00 p. m, & QUINCY rrives IN A . 9:55 p. m. SE S| TPA ONO ori being personally ; happened within. the confines of | minutes or so of unearthly moon. ight as they rush to work means little or nothing in their hectic extat- ence. Nevertheless; wild tales are being told around the radiators these cold, raw evenings; tales of “stick-up men preparing to reap a harvest from tho- unsuspecting. sun gazers and tales of bats, actual bats, suddenly starting. fram_thelr hiding. places. New Yorkers don't know-which to fear the more—the holdups or the bats, Yet the bobbed head fs so uni- versal now that women have lost some of the traditional horror of a bat-in. their hair. = At the southern edge of the total belt, around 116th street, the periad of complete darkness will be but 30 seconds, T ume of totality- in- creases to two whole minutes at New -Haven. Buffalo will have 1.8 minutes, Ithaca the sanie, while the Vassar girls at Poughkeepsie will be kept in the dark: for 1.9 minutes. New York gets the short end of the deal, but is lucky to get in at all. Invented 65 Linoleum was years PAGE SEVEN, WHOLESALE BUSINESS HERE TO BE DISCUSSED ASAIN IN FORUM MEET The chamber of commerce forum funeheon scheduled for Tuesday noon at the Henning hotel. will be givén over to further discussion of the wholesale business in Casper. The discussion next Tuesday will be educational and instructive. Walter Schultz of McCora-Brady and com- pany will give a talk on the future of the wholesale grocery business in Casper. Ben Cullen of the Wy- oming Grocery company will give a talk on the future of the wholesale frult business in Casper. R. © Cather will give a talk on what the wholesale business in Casper means to the banking business. 3 crm Rs For results try a Tribune Classi \ed Ad. COLD WEATHER How Much Does It Cost You? Are You Getting Your Money’s Worth? For good old-fashioned solid comfort there’s no fuel to good GEBO compare with the COAL SAFE—HEALTHFUL—SANE PHONE, 949 NATRONA TRANSFER STORAGE & FUEL CO. JOHN L. BIEDERMANN President An honest man’s word More than three hundred years ago, Miguel de Cer- pace said: “An honest man’s word ond-” Read them regularly. A signed advertisement is, in effect, a sealed bond between you and the advertiser. is as good as his d-” Advertisers must be honest men, if they would remain advertisers. Their announcements are signed. They must tell the truth in their advertising. For their own protection, as well as yours. What would it profit a man to. advertise “Pure, virgin- wool suits,” only to have you discover they were shoddy? You would soon separate the sheep from the cotton. And you would never deal with that man again. And, fur- age you would tell all your acquaintances whata skinflint he was. As a matter of business, if not of personal principle, an advertiser must tell the truth in his signed announce- ments. That’s what makes the advertising columns of this paper such reliable guides to honest merchandise. The printed announcements are bonds between you and the advertiser. Read the advertisements. be informed on the newest and best in everything. To save hours of shopping. To make the family purse do a bigger, better job. To get goods of known quality at the most attractive price. You would not plan a motor trip without first consult- ing road-maps and guide-books. Is it logical to plan a ishopping trip without first consulting the. advertisements? Read the advertisements. Then goto the stores with your mind more than half made up. To