Casper Daily Tribune Newspaper, January 27, 1925, Page 7

TUESDAY, JANUARY 27, Oil (Copyright, 1925, Casper Tdibune) tec]. CLEVELAND—Furnaces are eat- ing up iron ore at a rate which indl- cates that stocks will be at a low ebb by the opening of navigation and a big year seems ahead of the ore fleet. Stocks on hand January 1, to- taled 36,359,975 tons. Experts declare five million tons will be used this month and if the steel business con: tinues its activity, stocks will be cut to aixteen million tons, or about nor- mal, by the opening of nevigation. Oysters. ATLANTA, Ga—Georgia oyster men &re preparing to take action to combat injury to the industry by rea- son of the recent typhold scare. They will organize a campaign of publicity to show thet no sewage contaminates south Atlantio oyster beds. CHICAGO—Restaurant keepers to- day stated that demand for oysters in the middle west has fallen off 40 per cent in recent weeks because of the typhoid scare. Rubber. * AKRON—Tire production js run- ning around 100,000 tires daily. Goodrich company kas hired 600 men recently. Sugar. NEW ORLEANS—Loutsiana's su- gar crop last seasun was worth only about $17,437,000 as compared with 00,000 in 1923. Syrup produc- tion reached 6,680,000 gallons as com- pared “with 6,700,000 gallons last year. x Eges. ST. LOUIS—Warmer weather has resulted in a heavy’ increase in egg shipments and a corresponding érop in retail prices. There is a movement on foot by the supervisory bond is- sue committee have the city put a check on prices charged the dealers RECLAMATION PROJECT HELP (Continued from Page One) the farms where they could be fed, "The 100,090 lambs that have annual, ¥ been shipped out of this county, usually at a good profit for the feed- er, could just as well be fattened here. The sheep of Natrona coun- ty would furnish an ample market for all feed that could be produced apd 100,000 acres ‘of alfalfa and sug- ar beets will easily double the carry- ing capacity of our ranges. The mater of ranges came in for particular mentione in Mr. Cooper's talk. ‘There can be no stability, no permanence, until we are assured of ample and permanent range,” he said, and continuing, “in my opin- ion the 640-acre homestead has prov- en a very expensive and sorry s0- lution of the range problem; in fact in stead of solving this vexing ques- tion, as the farmers of it evidently intended jt should, it has made it more complex and difficult. To my mind the wise, rational and perma- nent solution of the range problem is for the government to sell all the remaining public lands to the stock- men now using them, This would put the livestock business on a firm and enduring basis. If the govern- ment is sincere in its desire to ald the stockmen it will sell these lands at @ nominal price on an amortiza- tion plan of payment. This would do more to put the business on a safe and permanent basis than any of the remedies that I have heard proposed.” In concluding his address the speaker sald: ‘Haye no fear of Cas- per’s future—it is assured.” An explanation of the special im- provements guaranty fund measure proposed for adoption in the present session of the state legislature, was given by H. B. Durham. He outlined the arguments heard in its favor, saying that under its provisions of protection a city’s special improve- ment bonds would quite probably bring better prices and at the same time would find an easier market. Yor further consideration, the mat- ter was turned over to the board of directors. An invitation to attend the first ‘annual meeting of the community chest organization at the court house at 8 o’clock tomorrow evéning, was extended the gathering by Henry Perkins: He announced that there was to be ap election of a board of twelve directors at the time and placed especial emphasis on his re- quest that contributors generally be on hand for the meeting, Casper’s chamber of commerce 18 to be represented gt the annual meet- ing of the Thermopolis chamber of commerce in the hot springs resort city Thursday of this week, accord: ing to plans reported on by Charles Stafford, secretary of the local or- ganization. It is expected that a score of Casper business men will be present at the Thermopolis gath- ering by way of establishing closer contact with the business and com- munity interests of that place. ——_——_—— Market Gossip Gasoline Prices Pp. CHICAGO, Jan, 27.—The Standard Ol company of Indiana and the Sin- clair Refining company each an- nounced an increase of one cent & gallon in the price of gasoline thrgughout their territory, including mort of the middle western stat Lach of the companies last week announced an Increase of ona cent ® gallon, the new inerease bringing the service station cost in Chicago to eighteen cents. The price increase was effective today in most of the territory, Commodity Trade News 1925 Finance :: who uze the new union market, Allis Chemical and Dye Dry Goods. American Can KANB6AS CITY—Wholesale and re-| American Car and F\ ‘oundry = tail dry goods merchants in this ter-] american Locomotive ritory are divided as to the effect! american Sin, and Ref. on the establishment of a $5,000,000 store here by Sears Roebuck, mafl order house. Many are preparing to Chemicals. SOUTH CLINCHFIELD Va.—Re- de Nemours company will locate a $6,000,000 anhydrous ammonia plant here in the southwest Virginia moun- tains. They will take over the Inter. national By-Product corporation’: pulldings—a “war baby’’—which or- iginally were worth $12,000,000, It is said. , Flour. FORT WORTH—Bread prices will be advanced in Teas, February 1, according, to losal bakers. Advances in the price of flour from $6 to $9 a barrel in the last sixty days are given as the cause, PORTLAND, Ore.—Large bakers in this section bought flour heavily at lower prices than now prevail, but small baking concerns are running short of supplies and say they can not make a profit with flour and bread at present figures. BRISTOL, Tenn.—Because of the increase in the cost of flour and oth- er ingredients, bread here now costs 10 cents per loaf, instead’ of the customary 9 cente. Tetiles. MANCHESTER, N, H.—The Amos- keag mills will go on a short time besis, owing to general conditions. This decision came as a complete surprise to other tetxile centers, since conditions pointed to tmprove- ment, Worsted and cotton divisions will work five days a week instead of six. Nine thousand are affected, Grain and Stock Opinions From Brokerage Wire Stock Opinions Hornblower & Weeks—Business men may not be disposed to buy stocks, with certain exceutions, dur- ing the period i{mmediately ahead, but they are likely to be influenced to sellthem, Hence a trading mar- ket may be expected. With contin- uance of periodical professional sell- ing in stocks of the type which late- ly have experienced selling pressure, In any event remember that wha we are urging is discriminating prof- it taking and not liquidation of stocks bought for long pulls. Grain Opinions Stein Alstrin—Wheat looks strong Coarse grains need a better cash demand, Hulburd Warren—We think prof- its on long wheat should be accept- od. Bartlett Frazier—We advise great caution in trading in wheat at pres- ent levels, Unless cash demand im- Proves it will be difficult to hold corn futures around this level, Thompson McKinnon. Small and temporary price reactions are likely in wheat. The cash corn situation is weak. Foreign Exchange NEW YORK, Jan. 27.—Foreign exchanges firm. Quotations in cents: Great Britain, - demand, 4.79%; cables, 4.80; 60-day bills on banks, 4.76%; France, demand, 5.40%; cables, 5.41; Italy, demand, 4.18%; cables, 4.19; Belgium, demand, cables, 5.19; Germany. de- mand, 23.80; Holland, 40.29; Nor. y, Swedon, 26.94, Den- 86; Swtzerland 19.30, 7; Greece, 1.70; Poland, 19%; Czecho Slovak!: 2.9714; Juzo Slavia, 1.64; Austria, .0014%; Ru- Argentina, 4f Tira, Yokio, 33%, Montreal. SUGAR NEW YORK, Jan, 27.—There was no improyement in the demand for refined sugar and list prices were un- changed at $6.10 to $6.25 for fine granulated, Refined futures were nominal. Sugar futures closed easy. Ap- proximate sales 23,000 tons. March 280; May 293; July 3.08; September 31. @ DR. HARDING TO ATTEND INAUGURAL MARION, Ohlo., Jan. 27.—Dr. George T. Harding, father of the late President Harding, announced today that he had been Invited to attend the {nauguration of President Cool- idge at Washington March 4 by the president. He sald he expected to attend. He will be accompanied by Mrs. Harding, President Harding's step- Pit Bh brane Ministre MONEY NEW YORK, Jan. 27.—Call money strong; high 4; low 8%; ruling rate 4; closing bid 3%; offered at 3%; last loan 8%; call loans again ac ceptances 3%; time loans firmer; mixed collateral 60-90 days 3%4@3%; 46 months 34%@4; prime commer- celal paper 34 @3% Wer results try a Tribune Class fled Ad, © Casper Dally Cridune Bonds :: Stocks ivestock Grain :: NEWS AND QUOTATIONS BY LEASED WIRE New York Stocks OIL SECURITIES Last Sale } OILS HOLD 10 GAINS IN MART Petroleum Issues Only Strong in Declining NEW MARK SET. BY MAY WHEAT Price Séars to W to Within Quar- ter Cent of Two-Dollar Price Today. Boston Wyoming Buck Creek... American Tel and Tel. American Tobacco Fneat keen ‘competition. American Water Works American ports Saturday were that the Dupont erred Sk Atl, Coast Line Baldwin Locomotive — Baltimore and Ohio. Bethlehem Steel Californian Pet. — Canadian Pacific -----..----- Central Leather pfd. Cerro de Pasco - Chandier Motor -- Chesapeake and Ohio Chicago and Northwestern Chicago Mil., and St. Paul pfd Chicago RB. I. and Pacific Chile Copper, - Coca Cola .-,--..---,. Colorado Fuel Central Pipe Consoljdated Royalty NEW YORK, vantage of the 5. uncertainty regard: the earnigs and dividend action £ the United States Steel corpora | beer 1/Judge Murray. She furnished $500 bond for an appeal tc day to $1.99%, with \c of $ $1.99% vartually fulfilled predictions about further which have be ying of the oll shares, of those issues ighest prices in a year or longer, and eventually brought about a rally © rest of the list. Mike Henry - Mountain & G Sales approx- higher prices and that Hung other European countries which us are exporters had opening of today ng power limited, ssfully contested advances ex- cept in the ofl shares, bear operators CHICAGO, Jan. ly ascended today to $1.98 a Wushel, a new high record but heavy profit taking sales acon lead to a downturn which went well be low yesterday's finish. largely due to advices that Hungary, exporting country, made big purchases of wheat in Ar gentina. Liberal buying of wheat in the United States for immediate ship ment to Burops was also reported to be in progress. Opening prices which ranged at 1%e decline to 1% which contin: Wheat quick y a strong tone under of Houston, moved up 1 points. Radio and U. 8. ohol fell back a point each. Fractional recessions were scatter: ed throughout the Ist in the subse- uent dealings, with many represen- issues losing ground. Railroad participated in the Consolidated Gas -. Corn Products May delivery, alt Creek Prod Cuba Cane Sugar pfd. ‘The rise was Davison Chemical Du Pont de Nemours ew York Oil shares generally decline, although “Katy"* Responding to the fa- Famous Players General Asphalt General Electric General Motors -. Great Northern pfd. Gulf States Steel - Houston Oil -. Hudson Motors -. Illind™ Central -. Harvester -. LIVESTOCK Chicago Vrii ad's nyeferred stock moved up to A contraction in the volume of iness was attributed to a desire wait the outcome of the United States Steel corporation's meeting and the publication of its earnings statement on. Steel common sold a trifle low: t 126%, compared with last Fri- day's high of 129%. Selling pressure against other industralls increased, bringing losses of one to 2 points in to $1.71 were ‘fol sharp. general ch carried May Subsequently, culture).—Hogs with buying on a2. bi ers steady to shade lower than Mon- late this after.| scale here and with good export busi day's best time; lis in broad demand; better weighty bese $10.70@10 95. al loads strict averaging © 300 1d choice 200 Kelly Springtiela ---- Kennecott Copper Lehigh Valley ... jumped to $1.99%, May, a today’s earlier record. The close was unchanged at a range varying from 1%c 2%ec net adve Mack Truck ----. Mavland Oil Maxwell Motors A Mex. Seaboard Ot! Mo., Kan, end Tex. ---- Missouri Pacific pfd. Montgomery Ward National Biscuit National Lead -.. New York Central - Ne H., and Hartford. Norfolk and Western North American -. Northern Pacific nee, with May $ % and July $1.70% to $1.70%, Large stocks of corn a gether wilh weakened the market for both secd grains. After opening at to 440 advance, May $1.30%j to $1.31 underwent a decided pounds upwards; goo to 235 pound kind $10. 160°to 190 pounds averages $10.10@ 10.45; bulk 14 Oto 150 pound kind at most packing sows $10. @10 40; bulk strong we pigs $9@9.50; American Expres: en, Jordan Motors and American Lo- American Can, spurted up two points. changes opened steady Marking up of the call money re- per cent resulted felling pressure, but g00d buying support was forthcom- ing and the general market rallied under the leadership of the popular American Wool- heavy alan inal at ; medium $10@10.90; 25; packing hogg are $10.25 @ 10.50; brought about an advance later Closing prices . %o to %c not higher, May at $1.31% to $1.81%. Oats started at %o off to to gain May 60%c to 60%¢, Later, showed a material decline. Provisions eased down, sympathiz ing with the action of corn. was run up three Motors and U. 3% each and U. 8. Cast Iron Pipe Pan. Am. Pet B Pennsylvanta — Phila and Rafg. Phillips Pet. ce; carly top at 1,501 pound averages; bulk fed steers $8 showing mc $11.25 paid for fome held higher @ 10.50; numerot c. and I -... to give a splendid demonstration of group the Pan American issues, Standard of New Jersey, and Associated O4l welling at thetr highest prices in Early weakness in a number of the Textile, Copper, Motor, Equipment and Public Util- issues practically disappeared, from the low Reading -- Rep. Iron and Steel - Reynolds Tobacco Be -. St. Louis & San Fran. - Seaboard Air Line Sears Roebuck Sinclair Con. .----. Sloss Sheff. Steel Southern Pacific -~.. Southern Railway -. Standard Ol, Cal. ----. Standard Oll of N. Stewart Warner Studebaker demand fairly comparatively short fed st channels under $7,50 ¢howing liberal advance for week; in between grades fat cows somo slowness on such kind are the ‘recovery running as two points. Persistent selling of Woolworth, epread to other chain stores, mail order and mer- chandise issues with resultant de clines of two to four points caused the market’to turn heavy again in the carlry afternoon. Substantial ad- vances which had been re,arded in 50; several loads late yes about 800 pound averages today $9.60 canners $2.85@% ward to $3.75 and above; Texas and Pacific -. Tobacco Products - Transcont. Of - Union Pacific - United Drug U. 8.Cast Iron , 8. Ind. Alcohol - 8. Rubber ---. . &, Steel -- Utah Copper Wabash pfd. A ------ Westinghouse Electric -. Willys Overland bulls strong: above: vealers ‘uneven; nee scarce; shippers taking few cholce weight upwa Coast Line kers $10 Louis and San Franctaco wero can- packe’ The closing was steady Extensive short covering pulled up prices sharp- in the final Nght. medium Receipts 9,000; sales fat lambs uneven steady to 25¢ choice lambs more lower; 0; feeding lambs fully ‘Wheat num ber 1 hard $1.95@1.96%, number 2 bulk desirable kind $17.50@18 Flour unchange Bran $30.00, COMMUNITY CHEST 10 ELECT DIRECTORS AT MEETING WEDNESDAY Omana Quotation a mixed $1.24%; Oats number ; number 3 white 54% @ Rye number 3, $1.66. Barley 914 Timothy seed $5.75@6.60. Clover see $25 @33. Lard $16.10, Itibs $15.62 Standard Oil Stocks Borne Scrymser Cherebrough Mfg - es gs ae Cumberland Eureka -.- . Sig. Old pfd. . Sig New pfd Iiinois Pipe -. ‘ational Transit Twelve directors New York Transit strong to 26¢ ; prices unchang Representation desired of all organization miembers, also organiza- tions receiving fund and those perso the constitution time of organization ; stockers and feeders, International Pete 214; futures $7.65 Antimony spot Prairie Pipe - Solar Refg. AIRS. RAY T. GRACE, SENTENCED TO THIRTY DAYS IN CITY JAIL. APPEALS TO DISTRICT COURT Mrs. Ray T. Grace, in whose possesion was found 60 bonded liquor labels of various well known brands last irday, together with a small quantity of moonshine anc a3 last night sentenced to 30 days in the city jail by the district court. nnon, taken In the rald]costs and pald his fine. Six men gr 8 over the Senate last | reste: night, was fined $100 and | missed. STARS PAY CRITICISM | |="! Ww. D t the sam: , were ard wer pald $100 an costs on plea of guilty to boot t M ftir yea » man, Lewit th speeding Two others, W. W NEW YORK, Jan. The cur and George Shikany, chars, tain rises te in tho federal | With speeding, were fined $15 each court on another act of the case of ou Were assessed fi of Broadway Brevieies, in which stago [each stars and other notables of the | They Roaring Forties have described |C. V how they purchased advertise. | Burkh: ments to prevent further un Schwertzer able mention in the mag * Braskett, D. C. 1 ephen G, Clow, publisher of the | Wall, C. H. Kyt n various «minor chargoe ave their names as follows Wilson, W. B, Stop i =F. Gillett, Gilliland, Be Brevities and three of his adver. |W. E. Peterson tising solicitors are on trial of |P. H. Smitt M charges of using the malls to de- | Mitchell and J. 1. A Seine: fraud . Peggy Joyce testified yest erday thi she paid $200 for the publica- tlon of her picture with the under- stand! that Clow would discon- tinue all slighting comments about her. Co! el for the defense, in tho cross examining Miss Joyce, read an rom Brevities, headed “Peggy's Annual Donation,” con- taining caustic reference to the size of the tt yr ener ocean ERNE WAYe:) «LARe (Continued from Page One.) ° er. The possibility that Young did not have a full clip of cartridges in this gun or that in addition to the clip ho carried one tn his, chamber made it imporsible to tell how many had been fired. No marks were ap- parent on either of Young’s guns. Ed Forbes’ gun, a 32-20 special on & .38 frame, was the fourth placed on the table, Hobart Warren's gun, if he had any, was not found. The cartridge belt and holster in evidence apparently did not belone to any of the guns os the 12 shells they contained were .38 calibre Before the {nquest « ‘ Continued from Page One. erty in attempts to quash the glass casket indictments "Did G Means ever talk to you about He was asked by Md paieted Frank P, Walsh, defense attorney.| Attorney Arile Boswell warned tho (He. naver, dk replied Mr.|2eWsPAper men they would ‘be e) Daugherty cluded unless their reports were falr “Did Parnecke (Means’ former HEE is meoebie Actes poeta ot a ta de Birtaieetrs y his funeral had beon postponed er ye rever tale to you about) unin rhuraday to allow his brother Teo, to arrive from Nevada, and his sister Mrs. N. B. Harper, to arrive from South Dakota, The funeral is expected to be the most pretentious the county has known, Friends estimate 25,000 will attend. Invitations have been sent to every klavern of the klan in the state and to nearby cities in other states, “Ho never did,” answered the wit: ness, “I will ask you whether or not tt is a fact that Colonel Felder called upon you on one occasion when you were ill in Washington and spoke to you about the glass casket case?" “He never did,” said the witness. “None of these men ever discuss- ed the glass casket case with me." Mr. Daugherty testified that he had known Felder for 16 years and perhaps longer and that he had been associated with him and his taw|]| LIBERTY BONDS firm when Felder was a resident of me Atlanta, Geor Asked what he knew of the repu- of Felder, Mr. Daugherty _ NEW YORK, Jan. 27.—Liberty bonds cloned: 344m $1.1.15; second 4s $100 first 14%48 $101.27; second 4% $101.81; third 4%8 $101.29; U, §. government 4% $104.26 Hothead : tn said During the last three or four years I could not testify to the re putation of any mian especially if he he high public position. The hi ald! more: Attica he tat ths COTTON more he 4s subjected to at Un- til this ease came up I am quite sure I never heard any reflection y YORK, Jan. Cotton spot upon his Feld reputation Mr. Daugherty sald he did not know Means- personally, and had] - talked to him only once, when POTATOES Means spoke to him in the depart-| ment of justice building. Mr. Walsh asked tho witness If he} CHICAGO, Jan. 27.—Potatoes, ndy; middling 23. — Jever “attended a conference at the morning trading limited; mar Waldorf hotel (in this city) In the} ket steady; receipts, 66 cara; tota 1 art ¢ middie of October t iipments. 666; Wisconsir t which there © present | sacked r 1 white $1.05@1.1 f, William J, E Andrew | most! $1,05@1.10 shad n and Gaston Means," | higher; Minnesot ro i ject J no : | SILVER W YORK, Jan Butter —un- Mextean dollar te 8,302 | —_— ordinary firsts 60 yo, firsts 44@45 flei J ~—Bar Aitver * CHICAGO, Jan lower, chan Tribune Classi The meeting {s open to all those Interested in the chest fund. STATE BANKING CODE OFFERED (Coptinued from Page Ona) to so amend the bill as to make it more acceptable were de- stockers and desirable weight rs unchanged. 8. 0. Ohio pfa. Denver Prices. Swan and Finch Vacuum ----. Washington > arrive until | Coolidge Calls Upon Executive and Asics vee agers ministrative Officials to Pare Ex- | }mines mos $10.35 to 10.60 appointed a committee to draft memorials to the late I. 8. Bartlett of Cheyenne, plon eer miner, editor and historian, who uid Mrs. Clarence D n, wife of a former Big Muddy -- Mule Creek - Sunburst -.~ Hamilton Dome - Ferris Byron Notches Pilot Butte NGTON, Jan —Further reduction in the tax-| occupying tiet payers’ Burden through reduced government expenditures | donea will be a guiding policy of the four years of administration |. 4 upon which President Coolidge enters on March 4. Coolidge reiterated his desire to bring Addressing the regular semi-annual meeting of execu- tive and administrative officia some of which c mixed cows and heif common to ska feeders, died yesterda, United State: cows to Nebr while enroute to Europe. > steers, $5.75. Sheep.—Receipts, U, S, Steel Dividend NEW YORK, Jan. of the United States Steel Corpora- ay declared the regular quar- nds of $1.25 @ share on the cornmon * extra of 50 cents a share, which 4d has been pald each quarter since the | gree beginning of 1944. 27.—Directors| them and congress the responsibility for so measuring disbursements that ® further step in this program may be taken next fal Only the closets adheranee by « steady on best Grass Creek light sales to shippers and Greybull ‘Torohlight Elk Basin - Salt Creek -. westerns to fred TAX CUTTING POLICY IS PRESIDENT’S AIM dress was radlocast throu pective increases in r n A” inex ran’ penditures to Minimum. penditure growth ‘of the nation, some tnere ] « although the now be aban. to he ourrent tiscal year, Mr. expenditures within three billion dol ars, exclusive of those forithe pub- of the government, the would make possible a realization of HM. M. Lord, director the $973,000,000 surplus now expect who alse lroased ed in the fiscal year 1926, and which | the meeting assured sident he believes would be warrantable | that the nece ty 34 ne basis for proposing further tax re-| 000,000 from tho orig 1dget @ du that ti timates could be accomphahed to jown a ernment poll this goal lald this: dewn of getting Ik done with few. | 08 the In tte task of the govern: ¢r workors, the president, whose Au-' mont officers.