Casper Daily Tribune Newspaper, February 2, 1925, Page 7

MONDAY, FEBRUARY 2, 1925 Che Casper Daily Cribune PAGE SEVEN Oil : Commodity Business. Lumber. SEATTLE, Feb. 2.—Australian buyers are anxious to contract for iumber for as iaty as August deliv. ery but dealers are chary of such orders, owing to uncertainty as to prices and freight rates, Japanese demand {s dull. Coal. 3 PITTSBURGH, Feb. 2.--Coal pro- @ustion in the Westmoreland dis- ‘ct. Connelsville region and Pan- handle section of West Virginia shows material improvement, ac- cording to a survey completed by coal producers here. Steam slack is selling here at $1,40 a ton, Textiles. SALEM, Feb. 2.~The Naumkeag steam cotton mills here will put the new plants into operation February 1, bringing floor space of the plant to more than nine acres. Shoes J ST. LOUIB, Feb, 2.—Shoe produc- tion here has been greatly stimulat- ed by the recent shoe style show. Seventy-nine factories in St. Louis in the last year produced 69 million pairs of shoes and expect to better this record in 1925, “Taking a Loss.” ‘A woman wrote me the other day asking advice about two speculative stocks which had been left to her by her deceased husband. Both were selling below the price at which they were originally purchased. Like oth- er investors in that position she did not ‘want to take a loss” as she put it. Would these stocks “come back" was what she wanted to know. Of course I could not tell her nor ould anybody else. The factors which govern the movement of stock prices are too diverse and their operation tao com- plex to permit of analysis even by the experienced. All I could do was to give my inquirer the facts about the financial condition of the two companies she named and tell her she must either make up her mind to continue her epeculation (for that is what it amounted to) or to accept the situation, sell her stock and rein- vest in good bonds. She probably considered my advice useless but it was the best I could give, Strange to say she had added to Commodity Trade News Everyman’s Investment Finance Vegetables. NEW ORLEANS, Feb. 2,—Acre- age planted to spring vegetables in this section is being materially in- creased. The value of the total farm Crops of the state in 1924 was $162,- 000,000 compared with $160,000,000 in 1923, Automobiles. DETROIT, Feb. 2.—It ts believed certain that the governor will sign the two-cent # gallon gasoline tax law and the law which taxes pas- ger automobiles 55 cents a hun- dred pounds and trucks 65¢ to $1.25. The revenue from the gasoline tax ip expected to be $6,500,000 a year and from the weight tax $14,500,000, Cotton ATLANTA, Feb. 2.—Bankers as, sociated with the cotton industry de- clare cotton acreage in the eastern belt will probably be curtailed enough to offset heavier planting in the weat unless there is an advance in price soon. on. FORT WORTH, Feb. 2.—Another advance In the price of crude oi Is expected in this section and prepara- tions are being mado for extensive Aring in both wildcat and proven territory her letier an inquiry about another stock of even legs investment merit than the two she already held. The new speculation she had under con: sideration was the stock of a rail- road in the hands of a receiver and selling at a very low price on the dollar. She had seen in the newspap- ers stories of spectacular advances in raflroad stocks so she thought this one “ought to go up too.” As a matter of fact this particular road for a long time did not earn even operating charges to say nothing of interest on its bonds. It appeared to be as near worth! as any stock could well be, but speculators had been buying it on the theory that some ther road was going to take it over at a fancy price. A merger story will cover a multt- tude of deficits in Wall Street some- times, but widows cannot live upon the income from merger stories. I do not known whether or not my corre: spondent was persuaded to leave this stock alone. I can only hope for the best and I repeat her story here to illustrate the foolishness of spec- ulation by the {ll-informed, ceeding 250 Words and S. “Seventh ev Adven #> b-heve that the second coming of Christ is near at hand, but they are not responsible for setting any dates for that event to take place. They are not time-setters, and have no sympathy with any movement that is advocating the return of the Lord on a certain day this year,” accord. ing to Evangelist Varner J. Johns, state superintendent of the S¢venth Day Adventists for Wyoming. “Many definite conditions are out- Uned in the Bible as forerunners of the great day of the Lord. Distress of nations, the increase of crime and lawlessness, the increase of know- ledge and many other gigns are men- tioned in the Word of God as con- ditions precedent to the return of Jesus. The most definite prophesy of all concerning His return was given In the words of Christ, ‘And this gospel of the kingdom shall be Preached in all the world for a wit- ness to all nations, and then shall the end come.’ The organized body of Seventh Day Adventists does not go any her than this proph- ecy in proclaiming the return of our Lord. To proclaim the return of Christ on a certain day is nothing Jess than fanaticism and brings re- roach upon the gospel. “'The evangelization of the world in this generation,’ has been adopted as the slogan of neariy all evangelical bodies. The tmminence of the return of Jesus is the belief of sincere Christians in every denom- ination. With this belfef Seventh Day Adventists are in harraony. Through the inspiration of this hope they have carried the gospel into every corner of the earth. They have established mission stations in 115 countries and have published their message in 200 languages, Their foreign mission budget for 1925 ts four milljons of dollars, “Never tn their history have Sev- enth Day Adventists set a definite date for the return of Christ. They repudiate any movement which the gospel record with a presump- tive statement that is directly to the contrary of the words of Christ, ‘But that day and hour knoweth’ no man, no, not the an; of heaven, but my Father only’. weiner} The Firat Presbyterian Church Rey. Chas. A. Wilson, D. D., Min- At Subject—'The Immediacy of Rel!gion. Ezek. 12.27, Religion has to do with the pre: ent and future, the Immediate and the remote. It witnesses to the un: seen, the spiritual and the eternal. It takes the farview, and mak of immediate concern. Peter, John and Paul never dated their lette: They LUved above the Its subject matter run: on into eternity. But religion {8 of immediate urgency. Human re- SERMON EXCERPTS Contributions from Ministers for Publication Under This Head Are Welcomed; MGNGSCTI RES Should Be Typewritten, Not E2- Be in Thia Office Saturday. lationships need it for adjustments of individuals, communities, and na- tions. “Why don’t you see your minister, and let him help you set- Ue your affairs in a friendly way,” sald a Chicago police judge to an offending couple who: home was about to be destroyed hope that you can say something that will save us from divorce,” said a young woman to your minister just be- fore an evening sermon in ‘a pre- vious pastorate. The complications of modern social life can best be adjusted where real religion pre- vails, Religion lifts above ths common-place, and furnishes high and inspiring motives for life's help- ful activities. It furnishes stand- ards for business ethics, and en- courages obedience to law. It of- fers a way of deliverance from both the penalty and the power of sin. The appeal to fear has the sanction of both reason and scripture. Any other conclusion ignores the obvious facts of experience, Neither warn- ings nor promises of Scripture are to be ignored. The power of sin is to be feared, as well as the penalty. To show the immediacy of religion there is not one reason that will ever exist for being a Christian that does not urge you to be one now. Character is being formed, and the help of religion is needed in forming it. “Remember now thy creator in the days of thy youth.” © If the prodigal Is in the far country, let us bring him back now, Do it now 1s a good rule of action. Too young, time enough yet, to busy, hardly worth while, too lat often tells the story of a succession of excuses from youth to age. It is better far to meet now with the right decision the great question and discontinue the procs of habitual neglect and postponement. Church Enjoys Fine Services Full of good things from start to finish, yesterday was one of the best days in tho history of the First Presbyterian Church. Beginning with the Sunday School hour talk by L. R. Reed on the twenty-ninth Psalin brought much favorable com- It was given before the ‘Men's class and Mrs. Wilson's class of women. By request Mr. Reed will give on the first Sunday of each month an exposition and application of one of the psalms, The Immed, lacy of Religion was the urgent m Sage of the morning hour. In the evening the speakers were’ members of the session. Car] Hawks read the Scriptures, and very fine talks were ven by W. R. MacGregor, A A. lade, D. M. Haines and L. A. Reed. There were five special numbers of music given by men, including a large chorus which gave “Send Out Thy Light’ by Gounod. All ser. vices attended. Next Sun- day's services will be of unusual nature, and will Include an’ evening program. by the Westminster Guild Bonds New York Stocks Last fale American Sm, and Ref, American Sugar -.. American Tel and Tel. ------ American Tobacco ~~~. American Woolen .. Anaconda Copper .-.ccecoee Atchison ..--... wenee Atl, Coast Lin® -..--ee--ere Balewin “Locomotive .-------- Baltimore and Oh!o «m-eece= Bethlehem Stet] ----eerers--= California Pet. ---~werseenev—~ Canadian Pacific -.--0--cenc- Central Leather pfd. .-----.~ Cerro de Pasco -..-- Chandler Motor ..... Chesapeake and Ohio ...... Chicago and Northwestern .. Chicago, Mil, & 6t. Paul ptd. Chicago R. I. and Pac, Chile Copper Coca Cola -- Colorado Fuel neral Motors +..-+.. Great Northern pfd. Gut States tSeel .. Houstn Oil --..... Hudson Motors .. Ilunols Central Int. Harvester Int. Mer. Mar, pfd. Kelly Springfield Kennecott Copper Lehigh Valley --... Louisville and Nashville — Mack Truck .... Marland Oll . Mex. Moters A .--.,-. Mex. Seaboard Oil . Mo., Kan, and Texas .. Missour Pacfic pfd. Montgomery Ward .... National Biscuit Norfolk and Western -.. North American .... Northern Pacific Pacific Oil Pan Am Pennsylvania ex div. Phila and Rdg. C. and I .... Phillips Pet. Pure Ofl Reynolds Tobacco B --... St. Louis and San Fran -... Seaboard Air Line ...-.~. jears Roebuck -.. Sinclair Con. S.oss Sheff Steel ~--.---~.., Southern Pacific Southern Rajlway ... Standard Oil, Cal. s----e----- Standard Oil, N, J. Stewart Warner Studebaker . Texas Co, e: Texas and Pacific Tobacco Products . Tranecont Ot! -.. Union Pacific eeeered: Willys Overland Woolworth ...-.- Standard Oil Stocks 83% Stocks Grain NEWS AND QUOTATIONS BY LEASED WIR: OIL SECURITIES By Wiees Creamer & Co.~ Bessemer -senever--- 130 14 Boston Wyoming -.-- 1.08 1.12 Buck Creek .--------- ot 12 eeegeaaten= : Blackstone Salt Creek 28% | Lance Creek Royalty bt 150% | Mike Henry .--.-+-0-- .00% 55% | Mountain and Gulf. 1.70 © 1.25 53% | Picardy .. ~ 03 08 Preston OTH 01% 27.00 29.00 72 | Royalty and Producers .03% .04% 2 Sunset 9 oe 01% 02% Tom Bell Royalty «e+e, .01 03 Western Exploration -. 2.50 2.15 we Al% 13 0s 05 Mountain Producers - 20,00 weeneee 11TH - 15 25 Salt Creek Prod. -.6.- 25.37 25.60 Galt Creek Cons. --..-. 7.28 7.80 New York Ol) -------- 8.75 9.25 Continental --.-r-ee-- 30.63 30,75 S. O. Indiana --. 69,13 69,25 LIVESTOCK CHICAGO, Feb. 2.—Hoxs— 100,000 mostly 15 to 25¢ jower than Satur: day's best Ume; pigs and light lsht very uneven; steady to Bdc lower; top $18.85; bulk desirable medium and heavy butchers $10,60@10.75; most 180 to 230 pound averages $10.35@10.60; 130 to 170 pound weight $10.00@10.40; most strong weight slaughter pigs $9.50@9.75; few up- ward to $10.00; little doing on pack- ing sows; heavy hogs $10.40@10.85; medium $10.00@10,78; Nght $9.50@ $10.50; Ught Nght $9.00@10.80; pack, ing hogs smooth $2.90@16.25; pack- ing hogs rough $8.50@$9.90; slaugh- te pigs $8.50@10.00. Cattle—Receipts 22,000; beeef steers uneven; steady to 25c lower; mostly weak to 25c off; lower grades show- Ing Gecling; trade slow; killing qual- ity medium to good; moderate supply §00d to choice heavies offered; fresh receipts inoreased by liberal hold- over from last weeky early top heav- fes and yearlings $10.80; some held higher; bulk fat steers of quality and condition to sell at $8.00@10.00; to 15c higher; spot - ter grades fat cows and light well conditioned heifers; bulls strong to Ibe higher; heavy bolognas 490 and better; vealers 25 to 80c higher; quality considered; bulk to packers $11.00@12.50; few light kind down ward to $10.50; handy weight grad- ing good to cholce $14.00@15.50. stockers and feeders firm. Sheep—Receipts 19,000; slow; early sales fat Jambs unevenly steady to 25c¢ lower; choice lambs to shippers $18.75@18,85; tew sales to packers $18.00@18.50; no clippers sold; fat sheep fully 25¢ lower; mor Jes fat ewes $9,00G0.75; no choice offerings sold; feeding lambs steady at $17.50 @17.75, OMAHA, Feb. 2.-—Ho, 19,000; early sales to shippers 10@15c low- er; Dig packers doing nothing; bulk 200 to 800 pound butchers -10.25@ 10.50; top $10.50; desirable 160 to 200 pound weilg! $9.75@10.26; better 140 ana 150 0 9.75; packing sows $9-00@10.00; bulk of sales $9.90@10.50; average cost Saturday $10.37; weight 230, Cattle--8,500; fed steers and year- lings very low; early sales steady to weak; quality plain bulk early sales $7.00@8.50; few upward to $9.25; other killing classes slow, about steady; stockers and feeders active. Anglo American Ol 912 19% | strong butcher cows and helfers 235 240 | $4.25@7,00; bologna bulls $4.00@ 69 70 | 4.28: practical veal top $10.00; stock: Chesebrough Mfg. ----- 5134 52% | ers and feeders $6.25@7.66: few loads Crescent -.--------~ 14% 15 | $5.00@8.35, Sheep—17,500; lambs 147-150 | 95@508 lower; bulk fed westerns 94 = 95 | $17.50@ 17,75; top to shippers $18.00 Gal. Sig. Com. -—... 62% 63% | eheep strong; beat wet! $11.00; Gal. Gig. Old pid - 110° 115 | ewes top $10.25; feeders steady; feed. Gal. Sig New pfd. 103 105 Ulnots Pip Indiana Pipe National Aransit New York Transit ..-. 73 Northern Pipe -.------. 87 Ohio! Of. a cerceus: 74% International Pet 26 Penn, Oil 8. W. Penn Oll 8. O. Ind. -.. 8. O. Kan. - S. O, Ken. . CRUDE MARKET Big Muddy .. Mule Creek Sunburst Hamilton Dome Feryis weve eeepe ees. Pilot Butte Lander -.-. Cat Creek Greybull -.,-,-- Torchlilght -~..... Elk Basin . Rock Creek Salt Creek ... ing ‘ambs $16.75@17.40. DENVER, Colo., Feb, 2.—Hogs— Receipts 2,500; generally steady to weak; bidding 50 to 10c lower; top at £10.65 for 230 pound weights; others $10.60; bulk desirable 200 to 225 pound averages $10,35 to $10.50; sev- eral loads lighter weights $10 to $10.35; packing sows and pigs steady; bulk packing sows $9.25; few $9.50; fat pigs $8.60. Cattle—Receipts 4,600; calves 300; beef st tteady to 10 to 15c low- er; other Killing classes around staedy; stockers and f few loads helfers $7 to $7.25; others $5.75 to $6 fat cows $4.60 to $5.50; mixed cows and heifers $6; two loads good 1,357 pound steers $8.65; can- ners and cutters $2.25 to §3.25; choice 5 edium stock heifers rs down. Sheep-Receipts 8,600; three loads fed Texas shearing lambe $17.25; are steady to lower; bidding lower fat lambs; practically no sheep sold early. ns MORSE’S SONS LOSE CASE IN COURT FIGHT WASHINGTON, Feb. 2.~Benja min W. and ¥F. Morse, eons ef the slp builder, Charles W. ee, lost in the supreme couft thelr contest against the legality of their arrest some months ago in New York City. COIL SHARES IN MART ADVANGE Increases in Crude Prices Produce. Large Buying Orders on Issues NEW YORK, Feb. 2.—Construc- tive forces wi at work in today's stock market, centering their buy: ing. power on the oil and railroad shares,.many of-which reached their highest prices in years, Rising oll prices and railroad merger reports furnished the basis for enlarged pub- lic participation. Total sales approxi- mated 1,500,000 shares. Responding to further Increases {n crude ofl prices, oi] shares continued te work into net high ground at the opening of today’s market. Large buying orders were executed for such issues as Marland, Pacific, Pan American, Phillips and Union of Cal, fornia. Frisco, Missouri Pacific preferred, and “Katy” led an ad- Ship- were active. Gen: eral Elecvtric, selling ex the dis, tribution of. {ts electric bond. and share holdings, was quoted at 241%. The deduction of about 67 points {n General Blectric represented the Market value of the new electric bond shars, listed on the New York curb market which ate being 4d! tributed on.a share for share basis. Buying later became more divers!. fied several popular specialties jotn- ing in the early uprush of prices tn the oll shares. The broadening de- mand Included dividend-paying ralis such as Louisville and Nashville and Jersey Central; Chemical stocks, in. cluding the American Agricultural issues, and industrial specialties like U.S. Cast Iron Pipe, U. 8. -Indus+ trial Alcohol and. Schulte. More than a dozen petroleum issues achieved their highést prices since 1923, fol- lowing another rise of 25¢ a barre) in the price of Corning crude, - Com: mercial Solvents B fell back four ‘points. Foréign exchanges opened Steady, Irregularity developed around the end of the first hour when the profit taking started in a number of the oils and other popular tndustrials. Losses of 1 to 2 points were record- ed by a wide variety of issues includ- Ing American Can, Radfo Corpora- tion, DuFont, U. S. Cast Iron Pipe, Famous Players, General Asphalt, New York Central and Wabash pre-" ferred A. Spirited bidding for Mack Truck, which was boosted seven points to 1.39%, eventually steadied the list and many of the earlier loss- es were partially retrieved. Inde- pendent strength was shown by few chemical and merchandising sues and by Gulf States Steel, Friaci and Texas Pacific. The ‘‘Katy” issues also were in good demand with buying Influenced by the spec: ulative belief that important merger plane involving that road were pend- ing. Mack Trucks react four points from its higs just before néon. Dut the rest of the list held rela- tively ‘steady. Call money opened at 3% per cent. An active inquiry arose for rail- road shares in the afternoon, a score of them rising one to two points with the grangers, coalets and southwest- ern issues io ptronges Amerjcan bank note rose 8%, General Electric fold at 247% compared with the opening figure 241%, and Sloss Shet- field Steel jumped 5%, Mack Truck rebounded to 138, and Ginglair pre- ferred, Associated Dry Goods and Philadelphia and Reading Coal and Tron were also conspicuously strong. The closing was strong. Mallinson broke 5%; Commercial Solvents A, 6 and the B 12 points in the final hour without disturbing the upward trend in the rest of the list. — ——_ —_— Hureka. Pine Line company re- ports for year ended December 31, net equal to 64 cents a share against $6.49 a share in 1925, Megpolla Petroleum company has advanced price of Corsicana Nght to $1.80 a barrel and Wortham, Texas and Mexia crude to $1.70 a barrel. According to reports published in Mexico City. La Correna Oil com- pany, @ subsidiary of Royal Dutch, intends to remove its refinery. at Tampico to Island of Curaco and hopes to avoid labor troubles. Aero gasoline advanced one cent to 19 cents per gallon. ; Oll stocks are moving independent- ly of the rest of the market as we expected they would, and where ma- jor movements are undertaken, as in thé oils, they are always worth fol- lowing. Enlarging upon our list of oll stocks, we urged the purchase of Anglo American O!! as the foreign operating Standard of] company in this year the operating results since the war, This is due to the return of sterling to parity and general im- provement in Europe. We are in- formed that special develpmenta are pending. Texas Pacific Coal and Oj! dye to new-developments which will eventyally effect pric Ww, GTON, Feb. -2,—-A state law requiring » lcenge for the sale of {ntoxicating Uquor is Valid and can be énforted notwithstanding the federal prohibition amendment, the supreme court held today in effect in & case from New Jersey. The eonviction in the lower courts of Anthony Colors, charged with sell- ing intoxicating Mquor withoyt a ptate license, was affirmed. SSE NEW YORK, Feb. 2..-Prices of Wyoming ofls at 2 p. m., today were Usted on the New York curb as fol- lows: Standard Ol (Indiana) 69%, Moun- tain Producers 20; Salt Creek 25%, Livestock :: All Markets MAY DELIVERY OF WHEAT OFF Huge Total of World Ship- ments Has Depressing Ef- fect on Prices CHICAGO, Feb, 2.—Wheat drop- ped today to within a fraction of $2 @ bushel, May delivery. World ship: ments that reached the huge tota! Of $19,241,000 bushels for last week had a depressing effect and s0 100, did lower quotat{ons at Liverpool and Buenos Aires. On the other hand reports were current that the Swed, ish government was considering re: of the Import duty both on wheat and rye. Trade here was of only mederate volume and price changes early kept within ordinary limits. The opening, which ranged from %c to 1%o lower, with May $2.01 to $2,014, and July $1.69% to $1.89%, was followed by a@ decline to $2.00% for May and then by some, thing of a rally. Speculative buying gave relative firmness to corn and oats. After opening at Ko to 4c off, May $1.36% to $1.85, the corn market sag, ged a llttle more and then scored slight gains al! around, Oats started at a range varyin from t4c decline to %o advance, and May 63% c to 63%c, Later, the mar ket showed.a genera! upturn. Low er quotations on hogs pulled dow Provisions, Subsequently, stop loess selling o: the part of recent buyers carried th: market down to $1,99 a bushel fo: the May delivery, Later, however rallies took place, influenced more or lets by 8,068,000 bushels in the United States visible supply tota and by renewed labor troubles 1: Australia. The close was weak 1%ec to 8c net lower, May, $1.99} to $1.99% and July $1, te 31.68% Tater the corn market wag bear ighly affected by wheat weakness Corn closed easy; at the same a: Saturday's finish to 4c lower; May, $1.35%. Wheat— Open High Low Close 2.01 2.01% 1.99 1.98% 1.69% 1.7014 1.67% 1.685% 156. 1.56% 1.54% 1.54% 1.34% 1.3615 1.36% 53% 04% 804 1.36 1.84% 1.35% 1,37 1.30% 1.36% 1.37% 1.36% 1.37 84K 84% 00% +63 63% 60% 63% 4% 60% 119 1.76% 1.77 1.55% 1.53 1.53 1.3214 1.31% 1.82145 L738 + 1.84% 1,33 +16,80 “16.90 16,20 +16,60 16.62 16.52 16,23 16.57 15.67 17.68 17.87 July»... —— CHICAGO, Feb. 2.—TWheat, num- ber 2 hard, $1,924 @1.99; number 3 hard, $1.91% @1.94. Corn, number 4 mixed, $1. ber 8, Oats, number 2, white, 61%c; number 8 white, 5614 @59c; rye, number 1, $1.70; barley, 95¢@ $1.04; timothy seed, $5, 56.60; clover seed, $25.00@33.00; lard, $15.72; ribs, $15.25; bellies, $17.50. 6; num- yellow, $1.2314 @1.2614. SOx @ METALS NEW YORK, Feb. 2.—Copper, easy; electrolytic, epot and futures, 14% @14 the. Tin, easy; spot and nearby, $57.00; futures, 57.12. Iron, steady; number 1 northern 24.50@25.00; number 2 northern, $23.50@24.00; number 2 southern, $20.50 21.00. Lead, steady; spot, $9.50@9.75. Zinc, easy; Bast St. Louis, spot and futures, $7.40@7.45, ot, $17.59. money ry dy; ruling rate 314; closing bid 8%; offered at 8%; last loan 3%; call loans aga: acceptances 3; Ume logns firm: 4@3% 3 prime commercial pa- Butter and Eggs CHICAGO, Feb. 2.—Butter lower; creamery extres 89¢; Standards 39%c extra firsts 37@88c; firsts 35%@ 86%4c; seconds 82@34c. Egge easy; receipts 6,781 cases; firsts 46@470; ordinary firsta 430 dic. NEW YORK, Feb. firm; recelpts, 9,251; creamery, high- er than extras, 40% @4lc; 92 score, 40%; ditto, firsts, 88 to 91 score, 37% @40c; packing stock current make, number, 25. Eggs; easter; receip' 94. Fresh gathered extra firsts, 56@5Tc; ditto, firats, 68@6b5c; ditto seconds, 51@ 630;, nearby hennery whites, closely selected extras, 61% @62c; nearby and nearby western henne: firsts to average extras, nearby’ hennery browns, extras, 60 20; Pacific coast whites, extrag, bb ap Gitto firsts to extre firsts, B90; retrigerator firsts, 48% 3.—Butter, @4dd%o. Cheese, irregular; receipts, 59,467 pounds, State, whole milk, flats tresh, fancy to fancy specials un. quoted; state, whole milk, 24@250, —— For reguits try 2 Classified ad, SAN FRANCISCO, Feb. 2,—Ex- ports to the Orient and South Amer, ica. from this port are expected ta exceed $200,000,000 this year. Ex: port trade here gained 42 per cént since 1921, Foreign Exchange NEW YORK, Feb, 2.—-Forelgn ex. changes, easy; quotations {n cents: Great Britain, demand, 479; cables, 479%; 60-day bills on ban 475%; France demand, 5.41; cables, 5.4114; Italy, dema 4.15%; cables, 4.14; Belgium, demand, 5.17%; cables, 5.17%: Germany, demand, 23.80; Holland, 40.08; Norway, 15,30; Swed- en, 26.92; Denmark. 17,86; Switze! land, 39.80; Spain, 14.81; Greec 1.6945; Poland, 19%: Czecho Slo vakia, 2.074; Jugo Slavia, 1.63; Aus: tria, 00144; Rumania, 52; Argen- tina, 40.25; Brazil, 11.60; Tokio, 88%; Montreal, 99 15.16, BUSINESS BRIEFS LIBERTY BONDS NEW YORK, Feb. 2.--Liberty bonds closed: 3%s $101.16; first «ye $101.29. Second 4%s $101.1, Third 8 $101.17. Fourth 4% $102.31. " Government 4s $104.29. —————_ POTATOES CHICAGO, eF bd. 2.—Potatoes, early tiorning traditg slow; market dull, Irsceipt 101 cars; total U, 8. ship: tents Saturday $75; Sunday 46; Wis: joonsin eacked round wh'tes mostly 05 @$1.10; fancy shade higher: russets GREEKS WOULD BEGIN WAR ON ANGIENT FOES Turks Arouse Feeling By Insult to the Greek Church. By ANTHONY PAPAYANNAKIS. (United Press Staff Correspondent.) ATHENS, Feb. 2.—With neither money nor man power, but with the populace worked up to fever heat over what {s considered an indignity upon nation’s church, Uttle Greece talked loudly today of going to war again with her old enemy, Turkey. The government went so far as to sever diplomatic relations with Angora, recalling tho charge d’af. faires, and then decided to continue on @ nation-wide protest and appeal to the league of nations. Turkey expelled the Arch-Oecu- meni¢al Patriarchate of the Greek Catholic church which had b located in Constantinople A. D. 1200, Dr. Constantinos, the patriarch, Set foot on Greek sojl today and was escorted to the Holy Mount in Macedonia, while the entire coun- try made the occasion one of na- tional mourning, Bells ‘tolled, shops were closed, festivities of.any sort abandoned, while mags meetings with fiery speeches denouncing Turkey were held throughout: Greece. After Turkey had soundly whipped Greece in the started by the late King Constantine, a treaty Grawn up at Lausanne stipulated that the patriarchates of the ortho- dox church, established for centuries in Constantinople, should not be dis- turbed. The Greek government claims Turkey hes broken the treaty and that other bishops of the church are being sought for expulsion. The Oecumenical patriach as the name implies, was head of the Greek Catholic church throughout the world, and his being drtven out by ed an affront since government sent its protest to the powers including the United State stating the fact despite peaceful disposition, céuld breach of treaties by the Turks might lead to “undesirable complica- s. of na tions to intervene and restore the patriarchate at Constantinople CORNING OIL UP 25 CENTS PITTSBURGH, Pa., Feb. 2— An increase of 250 a barrel in the price of Corning grado of] in Buckeye Pipelines was announced today by leading purchasing agencies. The new price was $1.95. All other olls quoted on the market here were advanced last Saturday. ee WASHINGTON, Feb. 2.—Bank records are open to inspection by the federal government in the aes ment of income taxes, the supreme court declared in effect today in af- firming the lower courts in a case brought by the Firat National bank of Mobile, Alabama. ‘PHILADELPHIA, Feb. 2.—The Ught cruiser Memphis was delivered to the navy department today by Cramp and sons. The Memphis es: tablished a record of 34.53 knots an hour for a four-hour run on trial trip, She wil] be put into op eration next Wednesday. QULONG GIVE UP FIGHT TO BLOGK APPOINTMENT TO HlGh COURT Leaders Expect Con- firmation by Senate Soon; Wheeler Case Reviewed. WASHINGTON, Feb. 2.— For a second time the sen- ate judiciary committee to- day ordered a favorable re- port on the nomination of Attorney General Stone to a supreme court justice. The action was taken behind clos ed doors after senators had review- ed again the circumstances suround: ing the new legal proceeding against Senator Wheeler of Montana and the objections raised to Mr. Stone's argument before the supreme court years ago as counsel for the Morgan estate in the Ownbey case. Administration leaders expect confirmation by the senate without much delay, opponents to the nomi. nation having indicated that they seo little object in attempting to pro- long the fight. Members of the committee said there were no votes in opposition when the committee acted today but that some of the senators withheld thelr votes, Senator Walsh, democrat, Mon tana, who fe counsel for Senator Wheeler, and who took the lead in cross examining the attorney gen eral when he appeared before the committee last Wednesday, attended the committees meeting. Seeeshentpraene— RECEIVER IS NAMED FOR BANK Receiver of the Bank of Salt Creek which several weeks ago closed {ts doors, is to be W. F. Mc Guire, who has been appointed by District Judge Bryant S. Cromer It is believed the affairs of the { stitution will be settled without d lay, Mr. McGuire being a banker o 18 years experience and competen Rito handle the receivership with eff clency. » » ——.__ — WASHINGTON, Feb. 2—The special grand jury which will hear testimony in the new proceedings here in the case of Senator Wheele of Montana, failed to begin its he ings today as had been expe owing to tho fllness of one of jurors. the WASHINGTON, Feb. power of the president to remo postmasters without obtaining ¢ aproval of the senate, involved in case brought from Portland, Ore, by Frank 8. Moyers, will be re gued in. the supreme court. ar to work off the cause and to fortify the system against an attack of Grip or Influ- enza. A Safe and Proven Rem 30c. The box bears this signature 6.U-Sgore-