Casper Daily Tribune Newspaper, January 21, 1925, Page 7

eta WEDNESDAY, JANUARY 21, 1928 Oil :: Consolidated Royalty Finance Shows Earnings of Half Million in the Last Y Consolidated Royalty Oil company during the year 1924 had earnings of little I than a half million dollars and expenses of only $45,000, aceording to the annual statgment to stockholders mailed out last night with quarterly dividend checks, The balance sheet of the company shows assets of $5,349,928. The financial statement is accom- panted by a report of the year’s activities by B. B. Brooks, president of the company, which follows in tull: “To the Stockholders of The Con- solidated Royalty Oil Company: “T am pleased to submit herewith the seventh ‘annual report of The Consolidated Royalty Of] company for the year ending December 31, 1924, ~ “The past year has been rather disappointing in some respects to the oll industry. During the first half of the year, conditions were very favorable, with Sait Creek crude ofl selling at $1.60 per barrel in the field and with gas pressure sufficient to lift all the oil that could be used by the refineries io the Rocky Mountain section. “During the summer, the gas pres- sure declined rapidly and by early fall over 300 good wells were stand- ing idle, simply because of insuffi- cient gas pressure to make the wells flow naturally; and, as the larger operating companies had not com- pleted their electric pumping plant, costing several million dollars, these wells were inactive during the last half of the year and are even now awaiting the final installation of electric pumping system. We an- tieipate increased production in the near future. Tho price of oil was » also reduced to S5e per barrel and these two conditions combined to materially reduce our income during the last six months of the year. As will be noted by our annual fnancial atement submitted herewith, we have not quite earned our dividend requirements, and a few thousand dollars is being paid from surplus. “The recent discovery of large oll Production from the Lakota sand at Salt Creek is very important to our company, as it proves that prac- Ucally all the acreage, on which we own royalties in the Salt Creek fleld, 4s within the boundaries of this new oil production. ‘The Lakota sand well. on section 23, township 40 north, range 79 west, came in with @ flush production of approximately 6,000 barrels per day; and as we have very substantial royalties in this section, and the sand is over 100 feet thick, we can reasonably expect splendid returns for many years from these lower oll horizons. California Wells. “Our well in Orange county, Call- fornia, was drilled to a depth of 6,400 feet and proved to be a dry hole. We have practically aban- doned that test. “In northern California, Colusa county, the test wel] has reached a depth of 1,876 feet and has had a number of very good gas showings and quite recently some oil indica- tions. We consider this wild cat test as very important as we have an 18% per cent carrie) working inter- it In about 30,000 acres of leases on this structure, and the present showing is very promising. Wallace Creek. “At Wallace Creek, on account of the severity of the winter and the freezing up of the water supply, the well was shut down, but drilling operations will be resumed in the near future. This well is at a depth of 1,700 feet and has also had some very favorable gas showings. Billy Creek. “The fifth well which was located on the McLaughlin farm, was sixty- five feet lower on the structure than any of the other wells and showed three feet of oil saturation in the ‘Wall Creek sand. We were unable to, test the Muddy sand on account |4™- Tobacco ----------... of the breaking of two sets of drill stems. Work in this field was also shut down on account of Wells in this field, but so far have not found oil in commercial quan: tities. We belleve that the chances for ofl either lower down on the structure, or in the Muddy sand, are | Canadian Pac. —-----.. quite favorable, Negotiations are now pending to market the gas from | Cerro de Pasoo ~...----.. this field. “The future earnings and dividend | Chesapeake & Ohio -. rate of the company will, of course, depend upon the prices paid for | Chic. Mil. @ &t. Paul pfd —. crude ofl and the amount of our| Chic. R. I. & Pac. -~. production, We consider conditions favorable for both better prices on crude oil and considerably increased | Colorado Fuel - production in the Salt Creek fleld,| Congoleum - -------------— when the wells now ‘idle are placed | Consolidated Gas ----.- on the pump. Production could be,| Corn Products and will be, very materially in- creased in this fleld whenever the | Crucible Steel ~---.. Lakota sand, which is now proven | Cuba Cane Bugar pfd --_ to be a very large producer, is ex- tensively drilled. The over-produc- tion of ofl appears to be at an end| Erie - ----. and consumption is very rapidly in- creasing, all of which would indt-|General Asphalt cate a probable oll shortage before } General Electric the end of 1925. Whenever the in- cola | Anaconda Copper weather, but will be resumed in the} Atchison ----.-. spring. We now havo five large gas | Atl, Coast Line ---------. New York Stocks All. Chem. & Dye ----------- American Can -------------- Am. Car & Fay ------------ Am. Iecomvtive ------------- Am. Water oWrks -----.----~ Am. Woolen ---. 148 Baldwin oo 131% Balt. @ Ohio --..-.----------- 77% Bethlehem Steel --. California Pet. -.. Cent. Leath. pfa ------.. Chandler Motor --. Chic. & Northwestern .. Chile Copper Coco Cola ---. Cosden Oi! --.. 51% Davison Chem 44% Du Pont de Nem 141% Famous Players - General Motors . dustry requires the ofl and the price |'Gt. Northern pfd - 68H warrants producing it, the Salt] Gulf States Steel 86% Creek field can be depended upon | Houston Oil --- 795% for greatly increased production | Hudson Motors 34% from its lower sands. Illinois Central 115% “Respectfully submitted, Int. Harvester 108% “B, B. BROOKS, Int, Mer Marine pfd gy 79 “President.” | Kelly Springfield -.--------- 14% Condensed balance sheet of De-| Kennecott Copper --..------- 54% cember 31, 1924: Lehigh Valley --------------- 75% Louisville & Nash. --.------ 106%B Current assets: Cash on hand and in banks Cash due from royal tiles and associated companies .-..-.-.- Government and othe! bonds -------..----- Accounts recetvable___ 897,024.15 | Max. Motors ‘A’ 243,334.63 | Missourt Pac. ptd 134,550.00} Nat. Biscult ~-...--.-.-. 18,840.00 | National Lead --..-.. Mack Truck -..--. Marland Oil .. wewcnsenen= 120 Mex. Seaboard Dil Mo. Kan. & Te: Montgomery Ward --.--~- New York Central -. 48.77] N. ¥., H. & Htfd --.-------. 29% Consolidated Revalty: tegen Norfolk & Western ---------- 12744 building --. -. 185,000.00} Nor. American 42% Grass Creek Of] & Gas Northern Pacific 68% company stock .--.-. 870,085.00] Pacific Oil 56% Oil property: Pan. Am. Pet. 64% Lands, leases, royalty Pennsylvania ~..--.---. 48% interest: -------$4,587,883.19 | Phila. & Rdg, C. & I, 49 Field equipment...--- 81,137.09] Phillips Pet. ----------------- 40% Office furniture and Pure heey mewereerensereeeneee aii parte cet neat PATEL ean ae ROM rete panes ; Less reserve for ME ial) st ners is Fran Le 28 br tion and depretiation. 1,120,901.62 ete Ae Ane —aeamrds auth Liabilities. Mans So) PN RY. caceneseceseumss (80% Aponte Parana) recs. NG ee nae Tasca, ate Capital stock: Authorized --..------. Less in treasury----- 1, $3,900,475.50 Surplus accrued and paid in ....--------- 1,449,452.51 | Transcont. Oil Statement of Income and Expenses. Income: Royalties recelved, ac- crued and due from associated com- panies ~------------§ Interest, rentals, etc. 5,000,000.00) Stewart Warner ---.-------- 72% 9,524.60 | Studcbaker - -.---------_ 43% Texas Co, ~----------------- 441% Texas & Pacific -.------------ 43% Tobacco Froducts ------------ 76% Cor. Union Pacific conv sannene: en 349,928.01 | United Drug ~-..--------—— 16 ate 1. S. Cast Ir. Pipe eaccose 165 U.S. Ind Alcohol -.-.------- 82% U, 8. Rubber . 42 U. 8. Bteel .. ... 126 Utah Copper ..-2-.-n--e- im 160 3,478.84] SSabash p’d “A' sa yous at Wert 1@ Wee, ------ ~ a <3 sitwcveree t= < Less: Office, geological and awecwnens - 123448 general. expense-—.----8 ris Standard Oil Stocks Taxes and tax expense 45,306.97 dai Seta 18 $ £97] angio Am. Oil 18% 18% $ 452,197.74] Buckeye . -- Distributions paid stock- holders ..2-....-- HOUSE NOT SURE THAT CHILD LABOR ISSUE IN WYOMING IS DEAD; ACTION HELD POSSIBLE CHEYE. E, Wyo., Jan. 21.—The so-called senate last Monday in rejecting the amendment ratification resolution, 17 to 8. Speaker Underwood called to the at- tention of the house Tucsday afternoon the possibility that oO. action by the House on the amend- ment might be necessary béfore Wyoming would be in a position to certify its action on the amendment to the secretary of state of the United States. He referred the matter to the lawyer members of the House for investigation and their report. The second emergency appropria- tion measure of the session was put through the House Tuesday after> noon under suspension of the rules, It 1s House 34, making an ermer- gency appropriation for the ‘state examiner's office. The appropria tion is $2,500. The money ts need. ed to defray expenses of the exam- fner's office until the end of the state fiscal year, April 30th. Routine business occupled the at- tention of both houses Tuesday af- ternoon, The House sat as a com- mittee of the whole for the second time since the opening of the res- sion, It relieved the file of one bill, House 12, relating to taxation of banks and loan and trust com- panies, bit indefinitely postponing the bill at the request of its intro- ducer, B. C. Wilson, who has tntro- duced a more comprehensive mea- sure on the same subject, Butter and Eggs CHICAGO, Jan, 21—Butter high- er; creamery extras 37%¢; standards| Washington - .. extra first 36% @370; first 35] 5. O. Neb. 37% @%Me; seconds 32@34c. Pegs lower; recelpts 6,226 cases firsts 53c; ordinary firsts 49@50c; refrigerator firsta 46% @47%e. NEW YORK, Jan, 21—Rutter, steady at the close; receipts, 7,622; creamery higher than. extras, 38@ 38%4c; creamery extras, 92 score, 37%c; creamery firsts, 88 to $1 score, 354% @37c. Eggs, unsettled; recetpta, fresh gathered extras, first 660; ditto, firsts, 69 onds, 57@58 Osage whites, closely selected extras, 680;| Graag » gba . near by and near by western hen- nery whites, firsts to average @X-+|TOrCh@ht enerereneeeyeee-——-~ 1 “Child | pratrio oi -- Labor.amendment issue’ may not be a “dead issue” in the | Prairie Pipe Wyoming légisiature, notwithstanding the action of the | Solar Refining - 234 66% Borne Scrymser enernle?" Eureka - --. Gal. Sig. Com. . Gal. Sig. Old Pfa Gal Sig. New Pfd. - Tilinols Pipe ---.. Indiana Pipe ... National Transit New York Transit Northern Pipe -. Ohio Otl ~--... International Pete .. Penn. Méx. «. 80. Pipe So. Penn, S. W. Penn, Ot! Vacuum CRUDE MARKET Be he, Fhmb tweet owe sme ewes Guaburet 0 a) Hamilton Dome --.--cc------- -80 prveveceeenne= 1.05 « ~~ 1.30 5 ene n a 014 8 Greybu wescecreeereereeensn= 1.20 tras, 62@67c; near by hennery| Blk Bove terpeeecenss 1.20 browns, extras, 66@68c; Pacific | Rock 05 coast whit extras, 66c; ditto,| Salt Creek . seme 85 firsts to extra firsts, 63@65%c; re- RASeYeaeamaneneees 36 frigerator firsts, 614% @52%c. For requits try & Classified ad. \ Che Casper Dally eCridune Buck Creek Burke -.--. < 123 16 Blackstone Salt Creek ~ .2 25 Chappell — 6 07 Columbine — 06 Cehtral Pipe Consolidated Roy Cow Gulch Domino — Elkhorn — BE, T. Williams — Frantz . Gates . -. Jupiter - ~~~. Kinney Coastal — Lance Creek Royalty — Mike Henry Mountain & Gulf New York Oil Picardy . --- Preston - Red Bank — Royalty & Producers - Sunset — Tom Bell Royalty - Western States Y. Oil NEW YORK CURB CLOSING Mountain Producers .-19.87 20.00 Glenrock Oil 15 -20 Salt Creek Producers 25.00 25.12 Salt Creek Cons. ~ 8.00 Mutual ~ 14.12 94,25 LIVESTOCK Chicago Prices. CHICAGO, Jan. 21—(U. S. De- partment of Agriculture)—Hogs— Receipts 32,000; active; steady; m ly a packer market; shipping orders comparatively small; ‘top $11.00; bulk desirable 240 to 500 pound aver- ages $10.60@10:95; most 200 to 230 pound kind $10.30@10.60; bulk bet- ter grades 160 to 190 pound averages $10.00@10.25; most 130 to 160 pound averages $6.50@9.90; strong weight pigs $8.25@8.75; few upward to $9.00; most packing sows $10.15@10.31 heavy weight hogs $10.50@11.01 medium $9.90@10.90; lght $9.50@ 10.50; ght Meht $8.00@10.10; pack- ing hogs smoth $10.25@10. pack- ing hogs rough $9.85@10.26; slaugh- ter pigs $7.25@9.00. 4 Cattle—13,000; fed steers predom!- nating In run; trade very draggy few early sales steady to unevenly lower; prospects lower on bulk of arrivals; moderate to liberal suuply of well finished medium and heavy welght steers; well finished yearlings very scarce; no heavy bullocks sold; best hand weight early $10. few loads $8.00@10.25; some heavies held at $10.75; hand weight above $11.0 stockers and feeders dlow: a bulk of country account $5.50@7.0 few loads menty well fed steers late yesterday $7.25 and above; small supply fat she stock moderately ac- tive; fully steady; bulk steady to weak; bulk vealers to packers $11.00 @11.50; about steady; choice 150 to 180 pound kind to shippers and small killers upward to $13.00. Sheep—12,000; slow; fat lambs un- even; steady to 25c lower; bulk $18.00 @18.50; early top $18 fall shorn lambs $16.00; fat sheep and feeding Iambs strong; ewe top $11.00; early sales feeding lambs $17.00@17.5 best held higher, Omaha Quotations. OMAHA, Neb., Jan. 21.—Hogs 22,- 000; steady to 10c lower; mostly 10c lower; bulk 200 to 250 pound butch- ers $10.10@10.50; top $10.60; desir- able 160 to 210 pound weights $9.75 @10.10; good 140 to%150 pound se- lections $9.50@9.75; packing sows mostly $9.75@9.90; bulk of all sales $9.90@10.50; average cost Tuesday $10.25; weight 217. Cattle—7,500;fed steers and yearl- ings slow; barely steady; bulk $7.00 @9.25; she stock fully steady; bulk butcher cows and helfers $4.15@ 7.00; canners and cutters $2.60@3.75; bulls weak: veals active; fully steady; stockers and feeders scarce, steady; practical veal top $10.00; bologna bulls largely $4.00@4.50; heavy beef bulls $4 . killing Sheep—Receipts classes 15c to 250 bulk fed western lambs $1 best held around $18.00; early #nles ewes $10.00 @10.75; feeders steady, oo DRIVER OF AUTO THAT OTRUGK LAMP POST 15 FINED IN COURT HERE George A Trucano, whose automo- bile skidded at Center and A, streets Monday evening and snapped off an ornamental light post, wa’ assess- ed $81 In police court yesterday af- ternoon by Judge Murray, $71 being the cost of the post and $10 for care- less aAving. Tw6 drunks paid fines of completing a light police docket. $15, court POTATOES. . CHICAGO, Jan. 21,—Potatoes, practically no early morning trad. ing account late placing of arrivals: receipts 20 cars; total U. 8. ship- ments 800; market steady; Wiscon- sin sacked round whites $1.05; other sections no early sales. ———— SILVER 7 NEW YORK, Jan, 21 68%; Mexican dollars 62 STOCK THAD! TONES FIRM) ON EXCHANGE Technical Position Strength- ened by Selling on Tuesday mW YORK, Jan, 21.—Stock prices turned upward today after an early period of wéakness during which bear traders tried unsuccess- fully to bring about general lquida- tion by attacking the motor and tex- tile shares, ‘Trading was again in moderate volume, the day's sales approximating 1,200,000 shares, NEW YORK, Jan. 21.—With a better technical position created by recent selling, the stock market dis- played a firmer tone at today’s open- ing. Scattered liquidation however continued in a few issues, such as American Woolen was dropped a point. American Can spurted up 2% points, nearly five points obove yesterday's low, and some of the oll shares snapped back smartly. With money available at two per cent in the outside market, assuring plentiful supplies for speculative and poo! operations, buying of rep- resentative rails later became more active, High priced issues advanced briskly. Commercial solvents and “B" moving up four and 6% pointse General Hlectric and Vir ginia Railway and Power 2% each, and DuPont 2. American Sugar continued to reflect the company's improved financial position. Pierce Oil preferred was up 1% and several other petroleum issues responded to price increases by leading producers in the Smackover field. Rail shares notably Northwestern, showed a tendency to lag, Foreign exchanges opened firm. Heuvy selling of the motor shares unsettled the morning market after @ temporary display of strength fol- owing the announcement that the price of U. S. Steel common to em- ployes had been fixed at $125 a share. Chandler broke nearly 3 points to 29, the lowest price in more than a year, and Nash Motors dropped four points with a number of other issues in that group yleld- ing a point or more. Textile and merchandising issues also were sing: led out for attack by bear traders, American Woolen dropping points, Kresge department stores four and 8S. 8. Kresge 11%. The commercial solvents ifsues, however made further gains, the ‘A" stock extending its gain to ten points at 135%, and the ‘B” 11 points at 136 A fair demand also was noted for the southwestern rails, with Frisco, ‘Katy" and St. Louis Southwestern making the best showing. Call money renewed at 3 per cent. An interval of afternoon selling cut into prices of many shares ex- tensively, Kinney dropped four and one-half points, American Ice, four, and International Harvester, Wright Aeronautical, United States Cast Tron Pipe, United States Realty, Universal Pipe and American Water Works 2 to 2%. The Commercial Solvents issues continued their spec- tacular rise, the A touching 1.39% and the B 1.42. These stocks sold as low ag 4344 and 33, respectively, last year. Buying of Southern Pa- cific, Union Paciffe and Tobacco Products caused the list to stiffen later. The closing was firm. The mar- ket strengthened in the late trading when active short covering took place in American Can, General Electric and several other popular issues. Commercial solveats A and B extended their gains to 15 and 18 points respectively, 2% Grain and Stock Opinions From Brokerage Wire Stock Opinions Block Maloney—On bulges would reduce long position, replacing on dips, such as were. You can expect more higher prices for specialties and stocks of particular merit such as U. S. Steel and best rails. Hornblower and Weeks—For the present we would allow operations to determine the immediate trend of prices and make up our minds not to take an arbitrary position if the trend does not suit our notion what it ought to be. Unquestionably therg is certain elements desirous of seeking stocks at lower lovels, and unless a further reaction {# forced in the immediate future, we believe they will be active in buying stocks this week. « Grain Opinions Bartlett Frazier-—Prices are at a level where conservatism in trading is Imperative. Thompson McKinnon—The mar- ket has the appearance of needing a new incentive before going to. higher ‘evels. Jeckron Brothers—Continue bul- ‘ish and look for much higher prices especially in wheat, It looks too early to bullecorn. Foreign Exchange NEW YORK, Jan. 21.—Foreign exchanges firm. Quotations in cents: Great Britain demand 478%; cables 478%; 60 day bills on banks 475. Trance demand 5.40; cables 5.40%; Italy demand 4,12%4; cables 4.19. Belgium demand 5.06; 5.06%. Germany demand 23.80; Holland 40,30; Norway 15.23; Swed: en 26,02; Denmark 17.77; Switzerland 19.26; Spain 14.21; Greece 172% Poland 10%; Czecho Slovakia 3.001% Jugo Slavia 1.65; Austria .0014% Rumania .55; Argentina 40,12; Brazo! 11.76; Tokio 3) Montreal 99%. cables NG GRAINS SLUMP lp Bagh TEL GENEVA, Jan. 21 (By The A’ elated Press)—The crisis in the in- ternational opium conference threat- ened through failure of the British and the American delegat on @ proposition for the suppression of opium smoking in the far east, seemed somewhat tempered at th conclusion of this morning's session as the result of mediation by France. Early Advance Scored by Wheat Wiped Out in Later Trading CHICAGO, Jan. 21.—Although wheat advanced at the outset today, @ reaction set {n as soon as the mar- ket had equalled the season's pre- PAGE SEVE) This took the form of a new p posal by Edouard Daladier, Frer minister of Colonies, that the varic countries engage to abolish opit smoking within 15 years after 1 council of the league of Nations t officially recorded the fact that t growth of opium in the product countries had showed an appre able reduction. vious top price record. Initial up- turns were ascribed to higher quo- tattons at Liverpool and to reports that Russian agents were buying there. Selling here, however, to realize profits took place on a large scale, and a material decline en- sued. The opening ranged from %4 to le higher, with May $1.91 to $1.91% and July $1.67% to $1.63. On the reaction, May went down to $1.89, Corn and oats gave way as a re- Second Woman To Vote in U.S. Is Dead DENVER, Colo., Jan, 21.—Eliza- est industrial consumers of corn had AS toe the age eee sand east reduced the price of gluton meat $2aton. After opening unchanged to le lower, May $1.85% to 1.36%, the corn market underwent a decided to be the second woman in the United States to cast a ballot, died Tuesday night. poke. Sas dt Mrs. § voted at Cheyenne, = avait <i Wyo., Septmeber 6, 1870, shortly i core started St tac to He Reaihs. after the Territory of Wyoming bad rn ro deer” inter suffered | ranted the right the ballot to a Lapin mel women. The only woman to vote Provisions were responsive to corn weakness. ee Later the market fluctuated rap- idly over a wide range, with holders selling freely on all the rallies, and May touching as low as $1,87%. Wheat closed weak, 1% to 2%c net decline. Indications pointed to an increased movement of corn to terminal mar- kets. Corn closed nervous, 2 to Yc net lower, May 31.33% to 1.33%. before her was Hliza A. Swain, who preceded her to the polls that morn- ing by a few minutes. Her brother, General Edward M Lee, served in the Union army dur- ing the Civil war, and was appoint- ed the first secretary of the Terrt- tory of Wyoming Mrs. Stark was born at Guilford, Conn., July 20, 1833, and moved to Wyoming during the early 60's. She later resided in Laramie, Wyo., and Fort Morgan, Colo., before coming Wheat— . Open High Low Clos¢|to nenver. She is survived by a May ~ 1.91) 1.81% 1.87% 1.88% | son, Rdward T. Stark of Denver. July 1.67% 1.68 1.65 1.65% | Burial will be in the family plot Sept --- 1.55% 155% 103% 153% | at” Cheyenne, “Wyo, tt was an May ---. 1.85% 1.96% 1.32% 1.aan, | MUnCed- eA July ---- 1.35% 1.36% 1.33% 1.344 Sept ---. 1.86 1.36% 1.83% 1.3414 Oats— ° May 62% 63 61% 61% July 63% 63% 61% 61% Sept 59% 50% 58% 59 Rye— May ---- 1.66% 1.66% 1.64 1.64% July 148 148% 146 1.46 Sept 1.81 1.31 1.28% 1.28% mae eae 16,30 16.30 16.95 16.02 Continued from Page One. Ma 16.60 16.65 16.40 16.47 rowed from Peter to pay Paul” un- ane til he evolved a scheme, to borrow Jan. 15.52 money from friends to loan mer- May --.-. 15.90 15.00 15.85 15.87 chants for discounting bills, keep- meng i "ling for himself half of the discount ab ae, saved hie ‘llentas ; . wale s “Unfortunately,” ,Turman {s_ re- May TOT ALOT TET ATAT Sorted td have ‘contessed, . “the CHICAGO, Jans ie Wheat, num.| 2aulty Finance and Service com- pany, which I organized, discounted my forged notes as well as the notes of my merchant customers, My bubble busted just when ft looked most real.” Persons from whom Turman bor- rowed the money to loan merchants are alleged to have been the chief ber 2 red $1.97%; number 2 hard $1.90. Corn number 3 mixed $1.24; num- ber 2 yellow $1.321%. Oats number 2 white 45914@60%; number 3 white 57% @5%c. Rye number 2, $1.59. Barley 91c %4$1.00. Timothy seed $5.75@6.60.| iosers, They claim to have lost Clover seed $25.00@33.00. Lard} sums rangirig from $15,000 to $90,- $15.97. Ribs $16. Bellies $17.50. ] 090 each eg : Forged notes in sums ranging from thousands to hundreds of thousands of dollars gnd bearing the names of prominent business men are in the hands of prosecutors, An indictment charging Turman with second degree forgery , was later returned by a grand jury in the court of general sessions, pee ecb cee ie Senate Action On Mayfield Case Pending Market Gossip GENERAL SUMMARY New York Herald-Tribune points out that the strength in American Sugar is due to recent sentiment of Pregent indications that common dividends might not be long delayed. Endicott Johnson reports for year ended December 31 net profits of $8.04 a share on common, against $7.95 In 1923, Union leaders announced last night that 88 of the 90 local unions in Scranton, Pa., region had voted to oppose threatened general strike of 60,000 hard coal miners in Dis- trict No. 1 and that end of strike of 11,000 men of Pennsylvania Coal company was in sight. Poland is negotiating direct trom Dillon, Read and company, group of financiers in United States, concern-| campaign had qustaly ing a $60,000,000 loan to be amor-| 'P charge remaining to be decided tized during @ period of 25 years. | alleged fraud and intimidation, dh acelin ir a2 Increased Rate On Livestock'Is Unreasonable’ WASHINGTON, Jan, 2 on the election contest a ator Mayfield, democrat, 1 be taken late toc tee which inv: After hearings last season the committee declared charges of ex cessive expenditures of money in tho s, will by ‘the commit- a it tg OIL SUMMARY Crude ofl output of California in December was 18,795,126 barrels, or 600,628 daily, against 17,667,034, or 588,900 daily in November. Marland Of] has Issued a cal! for redemption on April 1, 1925, of all its outstanding 10-year 8 per cent series A" sinking funds 6 per cent gold bonds due April 1;1931, at 5 per cent and accrued -/interest. There are outstanding $2,710,000 of this issue. Funds for this transac tion were provided through sales of $20,000,000 two-year 5 per cent notes In October, 1924, Production in Wortham pool on Tuesday was reported at 138,000 barrela by one of the major com: panies from 86 wells; this was an average of pbout 1,600 barrels a well, New wells are not maintain ing prodwetion, which has decreased 29,000 from peak production on January 15 of 160,000 barrels, More wells are reported showing water and this is affecting pools output. WASHING a propos N, Jan. to increase carload es on cattle and calves from New Mexico, Oklahoma and Texas points held by the Commission able. maintained The Chicago, Rock Island and Pacific, the Il Paso & Southwestern and New Mexico ntral railroad proposed the increases to ome effective Septemb in der. they sald, to equalize rates between Kansas City and Omab ing poitits CATNIP USED Interstate today to be Present schedules Commerce unreason will be 15 market NEW YORK, Jan, 21.—Prices of Wyoming oils at 2 p. m. today were listed on the New York curb as fol. lo s attengars ont craane oi: wow IN WAR MADE Salt Creek, 25. MONEY NEW YORK, Jan, 21-—Call money ON COUGARS VICTORIA, 21.—An experiment in the extermination of cougars in Britlsh Columbia with eady; high 9; low 2%; ruling rate| catnip was begun today by the pro closing bid 2%; offered at 8%;] vinolal game conservation board. A st loan 24%; call loans against ao-| bottle of an extract declared capa ceptances 21%; time loans steady; | ble of luring the ble cats into places mixed collateral 60-90 days 3% @3%;| where hunters could easily kill them 4-6 months 8°4@4; prime commer-| wos received from Washington cial paper 34@3%. D.C. OVERTIME PAY [O ABOLISHE Continued trom Page One. Individually into the commissione meeting yesterday and warned ti they must not exceed the amou alloted them. Expenses for the various depa ments have been allocated as 1 lows Sheriff Treasurer _ County clerk County attorney 8 intendent of schogls k of court . Assessor County agent County commission Health department — District court . Justices « Coroner Court house Mothers’ pensions Election ~ Stock inspection Poor and pauper — Roads and bridges Surveyor The estimated income ous sources {ts as follows: County clerk ~.. Clerk of court County farm -~.. Soldiers’ exemption Taxes $330,¢ FIRE DESTROYS SHALL HOUS Fire of unknown origin last nig at 11 o'clock completely destroy the one-story frame residence Peter Weinand in the Mounta View addition, west of the city. The Welnand family had mo part of their belongings yesterd: leaving the piano and some hea furniture to be moved today. Th was no one in the house at the ti the fire started and when it w first discovered by a neighbor {J interlor was a mass of seeth! flames. Nothing was saved, Loss Is Felt In Departure Of Jussera WASHINGTON, Jan. 21—Wi ington felt in the departure of Ju Jusserand today more than the | of the dean cf its diplomatic cory for the retiring French ambas| dor's 22 years of residence here hi buflded associations that had alm: forgotten he must one day hi over the burdens of office. M. Jusserand, before leaving New York and thence Boston, whq he will sail for France on Janu 28, presneted to President Coolle in person y his recall pers, thus offic ending his 1o| 1 he will Daeschner, enroute to th r —-—_ pur Jan bran $31.00 LEGISLATORS VISIT CASPE To discuss recom tive to any of the state w act, repr F MINNBEAPOLI unchanged; lations ri ated revist rkmens' compensat: ntatives of ull local contemp companies and refineries met w 4 special committee of legislatd this afternoon at 3 o'clock at tl Midwest Refining company's oftk residence The committee returned this mor ing from an { tion trip of echd section in it Creek which opera the Midwest on ¢ basis of a 65 per cent royalty to t state. This review of the activit! on section 36 has been made for ¢ purpose of directly informing ¢| lature as to the need of hiri ertain state employes as has bel recommended in Cheyenne. Tho threo legislators in Cas are Senators W, W. Dailey of Ral ling and John T. Jones of Worlar and Representative A. W. Mec lough of Laramie, ‘The commit is one m number inspecting et properties at this time. peat dele More than 900,000 former re| dents of Towa are now living southern California >. For results try a Tribune © fied Ad, &,