Casper Daily Tribune Newspaper, February 6, 1925, Page 7

FRIDAY, FEBRUARY 6, 1925- SSS ees Finance WOOL TRADING FOR WEEK AT STANDSTILL. American Woolen Company's Opening Awaited By Buyers; Iregularity In The Foreign Markets Noted BOSTON, Feb. 6.—The Com- mercial Bulletin tomorrow will say: “Business in the wool market has been more or less suspended during the past week, awaiting the open- ing of goods for the heavyweight season by the American Woolen company. There has been some business, however, between dealers and for account of manufacturers, was well, indicating a confidence in the future on the part of Lhose who have bought wool. The opening of goods by the leading factor ix re- warded as a very logical, reason- able and promising one by the ma- jority in all branches of the trade and a firm undertone {s noticeable all through the whole trade, “The foreign markets have been somewhat irregular, London clos- ing weakly on Tuesday while the primary markets showed o little better tone at the week end. A little contracting is reported again in the far west at 48@50c for me- dium to fair stapled clips of three- eighths to fine medium quality . “Mohair and other specialty fibres are in better request at Yirm rates.” The Commercial Bulletin will pub- Commodity (Copyright, 1925, Casper Tribune) oil. PHILADELPHIA— Last month 28,500,000 gallons of petroleum were dglivered here, a gain of eight mil- lon gallons over January, 1924, Ship- ment of gasoline totaled 2,862,011 gal- lons as compared 1,169,670 a year ago. TULSA, Okla.—Nine wells wero completed in Kansag in the last week. Greenwood county led with five and Crowley and Elk counties had two each, SHREVEPORT—The latest ad vance in ofl prices in the Louisiana and Arkansas fields, bringing the top Price to $1.80 a barrel is expected to increase drilling activity and pro- duce a prosperous year in the ofl in- dustry. Tile. CLEVELAND—Advances of $3.2 thousand on small tile and §5 a thousand on larger sizes have been announced by a leading dealer here. Considerable dealing now is in prog- ress. Textiles. _ PAWTUCKBET, R. L—Greer Halge company of Pawtucket has closed down operations as the majority of the workers are on strike as a pro- test against a proposed 10 per cent wage reduction, - Coal. PITTSBURGH—A slightly less ed demand for lump coal 1g reported from industrial consumers and the weather difficulties are causing the mines in this district to turn out less coal, altho! the rate of operation still compares most favorably with that of recent months. Cotton. DALTON, Ga.—The Crown Cotton Mills here have purchased the Blk mills and the merged concerns will Ush the following wool quotations to- morrow: Domestic, Ohio and Pennsylvania. fleeces; Delaine unwashed 69@70c; half-blood combing 68@69%c; %- blood combing 69@70c. Michigan and New York fleeces; Delaine unwashed 67c; hajf-blood un- washed 66@670; %-blood combing at 69@69c; %-blood unwashed 6%c; fine unwashed 67@58c. Wisconsin, Missouri and aver: New England; half-blood 65@66c; %- blood 68¢; %-blood 67@68c. Scoured basis; Texas months (selected) $1.65@1. months $1.55. 7 California northern $1.60@1.62; middie county $1.40@1.45; southern $1.35@1.40. Oregon; eastern number -staple at $1.60@1.65; fine and fine medium combing $1.50@1.55; eastern clothing $1.45@1.60; valley number- $1.40@ 1.43. Territory; Montana and fine staple choice $1.65@1 half- blood combing $1.50@1.05; %-blood combing $1.80@1.35; %4-blood ‘comb- ing $1.25@1.28. Pulled Delaine $1.65@1.70; AA at $1.65@1.68; A supers $1.40@1.45. Mohair best combing 85@90c; best cardiig 76 @80c. Tile News operate 50,000 spindles. About $600,- 000 was involved in the deal. 4 fine + fine 12 8 similar, Sugar. DETROIT—It is expected the pro- ducers of sugar begts In Michigan will get nearly es much. for their crops as they did lagt year ‘when the return was $9.30 a ton. The growers get 45 per cent of tho yalue of the Sugar extracted on a bagis of the dally price from October to Febru: ary. Automobiles. 8T. PAUL—The outlook for sales of automobiles in the northwest this year is considered exceptionally good on account of the added amount of cash in riiral communities. Ralflroads forecast sustained freight traffic as a result of the large amount of farm .), products still to be marketed. Eges. ST. LOWIS—Increased egg profiuc tion resulting from warmer weather has caused a sharp drop tn the wholesale price. At retail eggs are selling from 5c to 65 a dozen, Shoes, READING, Pa.—Shoe manufactur- ers are looking for steady improve: ment in business. Makers of chil- dre! shoes haye booked excellent advance orders for spring. Packing House Products. CHICAGO—lLarge quantities of fresh pork are available at unusually attractive prices, the Institute of American Meat. Packers advises. The wibiic has been buying extensively at the low price levels which have resulted from the surplus of pork products. Lumber. NEW ORLEANS—Lumber orders to Southern Pine_association mills last week increased fractionally tg 78,300,000 feet. Production roge 48 per cent to 74,700,000 feet and ship- ments totaled 74,400,000. feet. BUSINESS BRIEFS (Copyright, 1925, Casper Tribune) KANSAS CITY—Reports are gen- eral among merchants that trade volume in this territory is well ahead of last year. A large number of Oklahoma merchants are in this market, which {s attributed to the impulse given business by the recent advances in crude ofl and large sums yielded by the cotton crop. Manu- facturers’ sales haye been heavier than for years. Millinery. buyers sre here from distant states and are on Women's wear makers are working at capacity and manufac: turers of work clothing are well ahead of tho corresponding time of 1924. Stocks of rubber footwear are low and demand insistent. The egg shortage has passed and for nine days prices have droped a cent @ day a dozen, altho they are still id of the levels of last year, 8ST. LOUIS—Bullding permits is sued here for January totaled more Foreign Exchange NEW YORK, Feb. 6.—Foreign ex- changes, easy; quotations in cent: Great Britain, demand, 477%; cab) 478%; 50-day bills on banks France, demand, 5.39; cables, 5.30% 4.14%; 40.24; Norway, 15.27; Sweden, 26.93; Denmark, 17.78; Switzerland, 19.29; Spain, 14.20; Greece, 1.62%; Poland, 19%; Czecho Slovakia, 195; Jugo Slavia, 1.61%; Austria, 00144; Ru- Mai Tokio, 38%; Montreal, 8 27-32, eee a, Wor results try @ Classified ad, than @ year ago but the amount in volved in the new construction fell off slightly to $3,009,710, ALBUQUERQUE— Improvement in the financial condition of New Mexico is indicated by a report py the state bank examiner which shows loans have decreased tn na- tlonal and state banks and both de mand and time deposits have in- creased. ATLANTA—The building permits issued in January here exceeded the $1,000,000 mark, with no lareg pro- jects inclued, which 1s considered excelent for mid-winter, POTATOES — CHICAGO, Feb 6.—Potatoes, early morning trading HMmited; market steady; receipts 35 cars: total U. 8 Shipments 795; Wisconsin sacked round whites mostly $1.056@1.10; Minnesota sacked round- whites: few raea $1.00. d ‘Bune Butter higher Butter an CHICAGO, Feb. creamery extras 38%@39c\% stan arde 3@c; extra firsia 8714 @58 firsts 35@36%yc; seconds S2@iie, higher; receipts 9,008 cases: 40c; ordinary firsts, 36@9 lB cS Bia Flour MINNEAPOLIS, Minn, Web. 6.— Flour 30 cents lower; in carlowd lots family - patent# ‘quoted $9.95@10:00 a barrel in 98 pound cotton packs. ihipments 47,729 barrels, Bran $37.50G28.00, Bonds Che Casper Oailp Cribune Stocks ee ee Grain PAGE SEVEN Livestock :: All Markets NEWS AND QUOTATIONS BY LEASED WIRE New York Stocks Last Gale ACs Chemica} and Dye ------ 84% American Can -...-.. wa- 165% American Car and Foundry -- 203 American Locomotive ------- 121 American Sm. and Ref. —_-_ 103 American Sugar ----—-—.-- American Tei and Tel. --__ American Tobacco ---------- American Water Works -~. American Woolen Anaconda Copper -. Atchison Atl. Coast Baldwin Locomotiy Baltimore and Ohio Bethlehem Steel -.. California Petroleum -.... Canadian Pacific - Central Leather pfd. Cerro de Pasco -.. Chandler Motor -. Chesapeake and Ohio Chicago and Northwestern Chicago Mil., and St. Baul - Chicago, R. I. and Pacific - Chile Copper ... Coca Cola ~~~ Colorado Fuel -...-—-------. Congoleum Consolidated Corn Products --..... Cosden Ojl --—-. Crucible Steel — Cuba Cane Sugar pfd. —--.. Davison Chemical -... DutPont de Nemours -. Famous Players ---—__.._____ General Asphalt ----—_.. General Hlectric General Motors Great Northern pfd. Gulf’ Biates Steel - Houston Oil Hudson Moto! — Iilinols Central ex div. .. Int. tt. Mer. Marine pfd. -. Kelly Springfield (Kennecott Copper -. Lchigh Valley Loulsville and Mack Truck Marland Oll Max. Motors A Mex. Seabcard Ol] Mo. Kan., and Texa: Missouri Pacific pfd. Montgomery Ward Nadohal Biscult National Lead ~ New York Centra] - N. ¥., N. H., and Hartford. Norfolk and Western North American - Northern Pacific Pacific OU Pan Am. Pet. Pennsylvania - Phila and Rdg. Phillips Pet, Pure O!l -... Reading Rep. Iron and Steel ---. Reyonlds Tobacco B ---.-... st. Louls and Sen Fran. Seaboard Air Line - Sear Roebuck Sinclair Con .----------- Sloss Sheff Steel ------.-____ southern Pacific ----_—-__ Southern Railway ed Standard Ojl, Cal. ---------- Standard Ol] N, J. ----—.. Stewart Warner ----_ Studebaker ~... Texas 00, . 2. -. Texas and Pacific Tobacco Products Transcent. Oi) Union Pacific Unhed Drug U. S. Cast Iron Pipe --_--.___ U. B Ind. Aloohol ---W1. U, 8, Rubber US, Bteel -. Utah Copper. ---—-_-. Webash pid. A ---__.--_ Westinghouse Electrio -.--_.. Willys Overland -_--__-_ 10% Woolworth -« maw-een-ene-n-- 116% pi br dane bec, Anglo American Ol] -..- Borne Scrymser -..-.. Buckeye Chesebrough Mfg. ~--- Crescent Cumberiand -. reka .... |. Sig. Com Gal. Sig Old pfa 1 Sig New pfd nojs Pipe 19% 19% 280 = 235 66 66 Northern Pipe Ohio Oi) .-----. International ePte -. Penn. Mex. Prairie Ol! --.----—--- Prairie Pipe Solar Refg. ---—---_-- BO} PAPO senna eeweey So. Penn. Of] ---.-----~ 8. W. Penn Oil S. O, Ind. O) 0G Han, tes. 8. O. Ken. WR fg Seas 5., O. Ohio. --.. §.-0, Ohio pfd. Swan and Pinch ~ Vacuum ---- Washington 8. O. Neb. Humble 120% 1214 40% 47 353 856 117% 119 241% 25 Sit 91% 3088 - 256 258 41% 47% || CRUDE Big, Muddy ... Mule Creek ’- Sunburst Hamilton Dome Pilot Butto - Lander Cat Creek - Lance Creek Osage Grass Creek light ~~. Mreybull .. Torchlight El Basin Rock Creek OIL SECURITIES Burke -.--.--. Blackstone Salt Cheek Chappell -. Columbine Central Pipe Consolidated Royal Cow Gulch - Jupiter Kinney Coastal ~. Lance Creek Royalty. Mountain & Gulf -. Ploardy Preston Red Bank Royalty and Producers Sunset Tom Be! yalty ( Western Exploration . 2.75 204% 20244 02 3.00 15 Mountain Producer; Glenrock Oil --. Salt Creek Cons. New York Ol) - Continental -.. 5. 0. Indiana — LIVESTOCK Omaha Quotations OMAHA, Neb., Feb. 6.—Hogs— 42,000; slow; mostly 10@15c lower; bulk 200 to 300-pound butchers, 310,25 @10. top, $10.60; desirable 160 to 200-pound weights, $9.75@ 10.25; good 140 to 150-pound weights 39.60@9.75; odd lots packing sows, 39.75@9.90; bullc of all sales, $9.90 @10.60; average cost Thursday, $10.44; weight 224, Cattle—Receipts, sses slow; mostly steady; bullc steers and yearlings, $7.00@9.00; outgber cows and helfers, $4.50@ 7.50; cannerg and cutters, $3.50@ 4.75; bologna bulls, $4.00@4.50 eractical veal top, $10.50; stockers ind feeders. scarce, nominally steady. Sheep—8,000; lambs, werk; early sales fed western lambs, $17.50@17.85; best lambs aeld $18.00; sheep, steady; ewe top, +9.50; feeders, unchanged. 1,200; killing steady to : Denver Prices DENVER, Colo., Feb. 6.—U. Department of Agriculture)—Hogs- Receipts 500, slow; few sales 19 pound averages tq shippers $10.80 steady to weak; plainer loads 1 to 1fc lower; packing sows $9.25 tc $9.60; strong weight slaughter pigs $9.50 down. Cattle—Receipts 200; around steady; load 1,280 pound beef steers $8.00; few fairly good heifers $6.00 one load desirable fed steers $8.90; Uttle else on sale; last Thursday two loads 1187 pound. fat cows to ship- pers $4.45 frelght paid. Sheep—Receipts 10,300; few sales fat lambs to shippers 15c lower; 70 to 90 pound averages $17.25. Ss ne SUGAR NEW YORK, Feb. 8.—Refined sugar for late February shipment was quoted by a local refiner at $5.90 but prompt shipment was un- changed at 6 cents. Refined (utures were nominal. closed steady. Ap- 23,000 tons. March, $2,865; May, 2.87; July, 8.13; Septem- ber, $3.25. | METALS NEW YORK, Feb. 6.—Copper, firm; electrolytic, spot and futures, 16. Tin, easy; spot and nearby, 57.26; futures, $57.50. Iron, ‘steady; prices unchanged. Lead, steady; spot, §$9.62@9.75. Zino, firm; Ei St. Louls spot and futures, $7.60@7.65. Antimony, spot, $19,00@19.60. MOE THURMAN IS SENTENCED TO SING SING NEW YORK, Feb. 6.—Mos Thur- man, 36 year old financier who in ten years pyramided a $100 loan into obligations approximating $2,000,000 was sentenced today to from five to ten years in Sing Sing prison. He had pleaded gulity to a second degree forgery indictment. Judge Talley, in imposing sentence denounced persons of foreign birth who ‘abuse the privileges given them in this country.” “1 will also recommend,” sald the court; “that “Purman, ‘who te not a citizen of this country, be deported at the end of his term."’ LATE SPORTS £PORAND, Wash., Feo. 6-9 Mem ters of the Gonzaza Un. versity ath, letic board secking # football coach to succeed Charles Dorais, who signed this week to accept an offer to couch the Untyersity of eDtroit eleven, are in communication with Tom Lieb, assistant coach at Notre Dame, it was announced today Uleb hus been assistant to Kaoute Rockne lor three years, ach Trading and Close Is Unsettled CHICAGO, Feb. 6.—Wheat prices suddenly collapsed today. May de livery dropped to as low as $1.95 a bushel, almost 21 cents under last week's high price Increased selling on ar upturn reveuled that the mar s out any equate support from new lative buyers. specu- CHICAGO, Feb. 6.—Inflienced by an Gnexpected upturn in quotations it Liverpool, the wheat market here n price to for crops throughout cent, appeared to be more or ie bie for the rise Mm trans-Atlantic valués. Tt wa shown alsb the market for fu- ture deliveries at Liverpool -had been too Jow as compared with. prices in Srgentina and that Cargoes avail- able for immedite delivery at Liver polo were In gcod demand. Chicago opening prices, which ranged from Yc to 1%c higher, with May $1.9 1,94 and July $1.63% to $1.64 followed by moderate further Closing prices. were settled and irregular, ranging from 2% to 6%c net lower, May, $1.86%4 to-$1.86%, and July $1.59 to $1.59%. Cern and oats sympathized h on of wheat. After opening at e varying from %c decline to %e advance. May §$ to $1 corn showed an upturn all around. Later the corn market weakened somewhat when wheat turned down- ade. Corn closéd nervous, net lower, May, $1.33% $1.34. Oats started unchanged’ to %o off May 60%c to 6lc. sagged a litte more and then made a general ad- vance. In Une with the hog market, pro- visions averaged somewhat lower, ka otably un- to Open High Low Close Wheat— 1.93 1.94% 1.63% 1.64% - 1.50% 1.50% 1 1 1. fuly Sept. Rye May July Sent. Lard— May July Ribs— May 1.40 — 1,22 16.25 16.62 16.80 July 16.15 Bellles— May July Cash CHICAGO, ber 3 hard, $ hard, $1.65@1.8 Corn, number 4 mixed, $1.16; num ber 2 yellow, $1 @ats, number 2 Rye, number 3, Barley, 85@§1.01. Timothy eeed, $5.75@6.00. Clover seed, $26.00@33.00. Lard, 5 Ribs, Bellies, GAS TAX BILL I$ REPORTED BY COMMITTEE CHEYENNE, Wyo., Feb. 6.—The house committee on revenue today reported in. house 13, t way department's bill to impos: three-cent gasoline sales tax, that {t do providl 19.85 17.90 - 18.00 Grains and Provisions. b. 6.—Wheat, num- 76@1,84%4; number 4 $17. the wh« shall be ap) state highwe in its ur amended form provides that fifteen per cent of the proceeds from the tax may be applied to administra: tive expen: and the purchase of machiner Whether the drivers of vehicles other than automobiles shall be re quired to tail” Nghts on such vehicles isso in the house this morn y house 75, the highway regulauon hill, up on second reading strike from the bill the requiremen for tail lights on wagons and ot non motor driven veh s were feated. Only four bills came in this morn ing in the house on the last day of the period for the Introduction of bills except by unanimous consent, Introduction of bills without unant mous ent will be permissable in the te for five more days. Tho n of “economy* sounded this 1 whe providing for increased salaries for county and prosecuting attorneys came before the commit ted of the w The measure was laid over for one day, however, be- fore there was opportunity for de- bate. tenance display came Efforts de was 14 house rr MONEY NEW YORK, Feb. 6.—Call money firmer; high, 4; low, 3; ruling rate, 3; closing bid, 4; offered at 41%; last loan, 4; 1 loans against acegpt- ences, 2%;-tlme loans, steady; mix ed collateral, 60:40 days, 314 @3%; 4-6 months, 4; primo commercial pa- i per, 3’. WHEAT PRICES STOCKS HOLD CRAGH AGAIN) TO LATE GAINS Sharp Deeline Marks Late|Oils and Rails ‘Continue in Good Demand in Gotham Trading NEW YORK, Feb. 6.— Violent de- clines in grain prices and higher il money rates inspired heavy rell- & for both accounts in today's stock market after an early period of strength. Subsequent buying of the motor, copper and railroad shares brought about a raily in the general list. Total sales approximated 750,000 shares. NBEW YORK, Feb. 6.—Stock prices displayed a firm tone at the opening of today's ket. Buying orders Were again distributed over a broad lst but were most effective in the southwestern rails, olls and coppers, the last named responding to high- er red metal prices. Union Oll of California opened a point higher and Anaconda climbed %. With the weekly statement of the federal reserve bank indicating no in on the credit situation. freight fic moving tn large volume and de news favorable, speculators the advance found Ittle diffi- sIty in boosting the prices of their favorite stocks. Laclede gas ad- vanced 2% polnts to a record top at 140% and American Locomotive, American Car and Foundry, Atlan- julf and West Indies, Great n Sugar, Barnett Leather, oss Sheffield Steel and Kennecott Copper were among the many lesues to see a point or two above last night's final figures. The first sale of the stock of the Fieischmann + Whose president dled gud- yesterday was a block of 4,800 Shares at 78%, off 2 Foreign exchanges opened casier, demand Sterling ruling just above $4.78. Standard industrials and special- tles resumed their leadership of the market In the forward sweép of pI s during the morning, such re- cent favorites as the oilf and rails being temporartiy relegated to the background. High priced speclal- ties advanced {n spectacular’ fash- ton, U. §, Cast Iron Pipe soared ten points to a record top for all time at 189, Nash Motors jumped 8, Laclede Gas 5 and General Blectric 4. Worthington Pump, U. 8. Indus- 1 Alcohol, Allis Chalmers, Amer. can Chicle Certificates, American Can, Mack Trucks, Davison Chemi- val and American Car and Foundry sold 2 to 3 points above last night's final quotations. Fleischmann, which was weak at the opening re- covered its local. Call money rer newed at 3 percent, A violent drop In wheat prices and nergetlc seiling of the oll shares which declined 1 to 2 points below s closing, caused the whole market to yleld after midday, United States Steel, American Lo-| comotive, American Can and Union Pacflic were among the weak fea- tures, Commercial Solvents A and B after declining to 153 and 1504, reepectively, rebounded to 164 and 162%. American Smelting made a new top at 102%. The closing was strong. The mar- ket stiffened In the final hour when bullish demonstrations were resumed in the motor group. Mack Truck soared 4 points and General Motors touched a new record top at 76%c. NOMINATION OF “STONE ISOLA. (Continusd, From Page One) before the juditiary committee. The nomination probably will be consid- ered next Monday. The vote on Mr. Stone's nomina- tion in the-senate came after six hours of debate in open ea session, a somewhat unusual manner of considering executive appoint ments. Two Democrats, two Republi- cans, and two Farmer-Labor sena- | tors from Minnesota voted against confirmation. eee ees SMOKEHOUSE THAT SOLD ORINKS NOT THE ONE LOCATED HERE Attention of the public is called to mention of the “Smoke house" In yesterday's list of expenditures by state law enforcement officers, and the fact that the name did not opply to the Casper Smoke house. Several towns of Wyoming have cigar stores of the same,name and {t was at one of these that the ‘drinks were pur chased. ILLUSTRATED LECTURE AT CHURCH TONIGHT Tonight at 8 o'clock at Ei Community church the Rey, Hugh Germany will deliver t Side Willis optican lecture on “What W' come of the Country Church." An in- teresting discussicn is in prospect No admission wi! charged but a COUNTY STRIKE HERE GLOGEL Hs but wot papers or go out on s Otto Pl Capen 1s and Ji t town at 1 > the coun’ the office. o'clock leavin All na lawyer t individual v € cutive | * Miss who lost » people who calle ie lineup there av n to ten and it cou offi he e for a marria Tho other looking ns of ith's De ge, werd not so hard presse Another interest problem volved in the same financial #i tion is t > rent for *ommisstoner| A. Weedel from now o 1onth offic] ate provide: which woul I had pal rent, just $3] T am leave after $130 perso for month. "Ita information where I fice big enough for a stenographer and $20 monthly, I sure to have him call o _ Bartlett r vatism {fs advi: Wo do n Extreme conset le in wheat tradin t believe cc advar far under present cash demands. Stein Alstrin for furthe| Look silver offering wiil taken. For suerits try a Tribune Class! fled “Ad, price recession: Jackson Adviso chases on all weak spote. Brothers — pul WE WILL MOVE ABOUT FEBRUARY 20 All Merchandise in Our Store Must Go Out at Once--We Do Not Want to Move It You can buy your hardware now at cost and less than cost. If you want to save take advantage of this moving out sale. Blade Razors Gillette Blades Gillette Razors Big Ben Clocks . $1.00 and Up 33c 69c | ” $2.75 and $3.85 Galvanized Ware at Special Prices China and Glassware at Cost Paints and Varnishes at Special Low Prices The Prize Clock which we will give away will be running next week. Watch the position of the hands when it has stopped. Shop Here Tomorrow and Join the Money Savers Holmes Hardware Co. PHONE 601 none 1234