Casper Daily Tribune Newspaper, February 19, 1925, Page 9

RSDAY, FEBRUARY 19, 1928 Oil Finszuce ASOLINE STOCKS SHOW BIG INCREASE Gain During January of Two and Half Million Barrels in Storage Revealed in Reports Of Petroleum Institute. NEW YORK, Feb. 19.—Gasoline piocks increared to the extent of 605.697 barrels during January, ccording to reports received by the tmerican Petroleum Institute, cover- ing approximately 62 per cent of the operating capacity of the United States. Pipe line and tank farm crude oll stocks east of the Rocky tmountal! decreased 3,112,000 bar- reis in juary The daily average gross crude p oll production of the United States decreased 6,500 barrels for the week ending February 14, totalling 1,935,- 100, according to the weekly sum- mary of the American Petroleum Institute. The daily average produc- tion east of California was 1,337,000 barrels, a decrease of 9,100. Califor- nia production was 598,100 barrels, an increase of 2,600. Oklahoma shows a daily averuge production of 483,250 barrels an in- creage of 4,800; Kansas 83,850 barrels, an increase of 1,950; north Texas 87,- 490 barrels, a decrease of 1,550; east central Texas 167,000 barrels, a de- crease of 10,950; west central Texas 58,300 barreis, a decreasd of 850; north Louisiana 49,400 barrels, an in- crease of 600; Arkansas 104,000 bar- rels, a decrease of 250; Gulf Coaat and Southwest Texas 123,360 barrels @ decrease of 1,300; eastern 98,000 barrels, a decrease of 500; Wyoming Montana and Colorado 87,350 barrels, @ decrease of 550, Dally average imports of petrol- eum at principal ports for the week ending February 14 were 191,714 bar- rels, compared with 257,000 for the Previous week. Dally average re- celpts of California off at Atlantic and Gulf Coast ports for the week ending February 14, were 47,571 bar- relg, compared with 79,857 for the provious week. Pennsylvania crude, Bradford’ dis trict, was advanced 25c to $3.85 a barrel, all cther gradés were advanc- ed 26c to $3.75 a barrel. Mid-Conti nent crude ofl was advanced 20¢ to 860 a barrel, according to the gravity of the ofl. Gulf coast crude was ad- vanced 250 a barrel and is now be ing quoted at $2 a barrel for grade “A” and $1.75 a barrel for grade “B,"* California crude remains the same, ranging from $1.25 to $2.40 a barrel, According to the gravity of the oil. (Copyright, 1925, Casper Tribune.) oil. PITTSBURGH. — With Pennsyl- vania crude ofl advanced to $3.75 a barrel, a $4 price within 30 days is believed by local ofl men to be in- evitable. There will be no great tn- crease in activity until the price has hit $4. HOUSTON.—The daily average output of crude of] from the Gulf coast and south Texas fields last week increased 1,130 barrels to 137,220 barrels. Twelve new pro- ducers were brought in. TULSA.—The. price of crude oll continues to trend upward, owing to the fight amcags refiners for crude supplies for which some of the inde- pendents are paying large premiums. The mf@-continent feld is jubilant but the more conservative are won- dering What the final outcome of the movement will be. Yarns. PHILADELPHIA.—The worsted yarn market {s quiet and spinners are determined not to pile up large stocks at present wool prices. New demand for yarns is only nominal. Some spinners, however, are well occupied on previously booked bus!- ness. Textiles, SOMERSWORTH, N. H.—The Great Falls Manufacturing company is preparing to start their number one mill here, which has been idle for many months. Non-Ferrous Metals, JOPLIN.—The price of zinc ores is slightly stronger and lead prices are firm. Production in the tri- state field last week was valued at over $1,000,000, of which ainc ores accounted for $763,737. Tobacco. ; ATLANTA.—Tobacco planters in Georgian are busy now, reparing their lands, having been set back by recent floods. They are straining every effort to increase acreage. They believe the future ts rosy. for the growers of bright leaf with Trade News heavier exports to Asia and the British Imperial Tobacco company in the market for all they can buy. Dry Goods. KANSAS CITY.—Wholesalers re: port that more country buyers were in this market last week than ever before in a similar period. Sales of gobbers show decided gains over those of last year, the increase in some cases belng 150 per cent. Mil- iinery and clothing have been spe- cially active. Lumber. NEW ORLEANS.—The Southern Pine association barometer for last week shows orders increased 12.3 per cent to 76 million feet, shipments were up 35 per cent to 75 million feet and production up & per cent to 7 million féet. Orders on hand total 263 million feet. Fruit. ST. LOUIS.—A decided increase will be shown in the acreage devoted to strawberries in Missouri and Ar- kansas this year, The 1924 produc- tion totaled 2,522 railroad carloads. Automobiles, DETROIT.—The January ship- ments of Hupp cars totaled 2,559 as against 2,718 in December and 3,152 in January last year. Coal. SPRINGFIELD, Ill.—The move- ment of coal from southern Illinois coal flelds is off about 40 per cent this week, owing to the active com- petition from non-union fields. ST. JOSEPH, growers of this state have decided to increase their acreage this season and to market their products oo- operatively, SAN FRANCISCO.—Flood damage is reported in some lowland locall- ties but orchardists and vegetable farmers on the whole have been tremendously benefited by recent rains, California fruit and vege table crops this year are expected to be among the largest ever recorded. BUSINESS CLEVELAND, abor leaders, employers and employment hea: } are warning workers here to hang onto thelr jobs. Although increasing business is looked for, there has been no spurt and opera- tions are not so high as a month ago. There are 100 applicants for each vacancy. oO BAGNELL, Mo.—Plans are now nearing completion for the erection of a $10,000,000 hydroelectric plant here. The plan involves a dam across the Okage river. DETROIT.--Industrial employ- ment in the last week increased by ¥35 to 207,107, which compares with 241,402 a year ago and with a low point for last year of 194,025. FORT WORTH—Texas this year ts giving a trial to a new line of carly vegetables. About 3,500 acres have been. planted to sweet corn In he Rio Grande valley alone. The FLOUR. MINNEAPOLIS, Minn., Flour, unchanged, Bran, 45.00 Feb, 19.— $24.00 ———_———- Statements showing debits to Individual accounts of the Cas per banks from 1916 to 1924, as furnished by the members of the Casper Clearing Houre associa- Uon and the Federal Reserve Bank of Kansas City, Mo. Year Amount 1916 $ 18,014,114.04 1018 72,470,177. 1920 122,248,686.68 1922 165,004,000,00 1924 =~ 167,167,000.00 BRIEFS | movement of this product to market bureau | has already set in and growers re- port most encouraging returns, The general movement of truck garden produ to the north Is well under way. Reports to the state bureau for the last week show that 689 car- loads of Texaa vegetables were shipped north in that time. Eight commodities were listed and seach showed a gain as compared with figures for the corresponding period of 1924, JEFFERSON CITY., Mo.,—The state highway commission will re cetve bids here Feb, 28 for construc: tion of 88 miles of new roads {n 17 counties, The work, it is estimrted will cost $3,246,000, Philadelphia.—Some shippers are holding off from aligning contracts for tnterconstal freight shipments by water, In hopes that rates may be lowered. Some of the independent vessel owners have been cutting rates. Members of the Intercoastal conference have given no indication yet as to whether they will follow sult, oe Butter and Eggs CHICAGO, Feb, 19.—Butter,' low- or; creamory extras, 40%0; stand- ards, 40%c; extra firsts, 38% @39%o! firsts, 364%@97%c; seconds, 32@ a4 ibe. Hees, recetpts, 13,509 cAsen; ordinary firsts, 30@aIle, unsettled; firsts, 34¢; BEM SC Ele 8 For resulta try « Tribune Classified Ad. . Bonds Che Casper Daly Crihune Stocks PAGE NINE ee er Grain Livestock :: All Markets NEWS AND QUOTATIONS BY LEASED WIRE New York Stocks Lest Sale Allis Chemical and Dye ----. American Can -—----. American Car and Foundry’-. American Locomotive .-----. American Sm. and Ref. -—-.. American Sugar .--..-------- American Tel. and Ten, ----.. American Tobacco --.. a American Water Works .-.. American Woolen ~.......... Anaconda Copper ....---—. Atchison Atl, Coast Line Baldwin Locomotive — Baltimore and Ohio ~...4. Bethlehem Steel ~--------—. California Pet. -.. Canadian Pacifio Central Leather pfd, -.--.~.. Cerro de Pasco . Chandler Motors ~-.-.-<. Chesapeake and Ohio ........ Chicago and Northwestern —. Chicago, Mil and St. Paul pfd. Chicago, R. L and Pac. Chile Copper -. ea Cola . solarod Fuel ongoleum Jonsolidated Gas ‘orno Products ~ tosfen Ol --. sructble Steel Cuba e Sugar pfd. — Davison Chemical .... ~u Pont de Nemours ~.--.. pees Samous Players joneral Asphalt -. jenetal Electric .. yeneral Motors ex df ireat Northern pfd. -.. Gult States Steel Houston Oil ...2.-... Hudsen Motors .. iMinois Central . {nt. Harvester —.. Int. Mer. Marine pfd. -. Louisville and Nashville -..__ Mack Truck Marland Oil .-.-.---+--.--.-- Max. Motors A ~...----.. Missouri Pacific pfa. . Montgomery Ward -. Nauonai Biscuit National eLad New ork Central N. H. and Hartford -___ Norfolk and Western -~----... North American ~.---____. Northern Pacific Pacific Oil Pan American Phila and Rag. C. Phillips Pet. Pure Reading -. Rep. Ircn afi Steel .. Reynolds Tobacco B ~-...... St. Louis and San Fran. ---.-. Seaboard Air Line ~~. Sears Roebuck --~--. Sinclair Con, ~-~-~-.-----.-- Sloss Sheff Steel -----._-..... Southern Pacific ----.----.— Southern Ratiway ~-.. Standard Of}, Cal. ed Standard Oil, N. J. ---------- Stewart Warner ~----—..---_ Tobacco Products ---.. Transcont. Oil Union Pacific United Drug --.--. C. 8. Cast Iron Pipe U. 8. Ind» Alcohol ..-----.... U. 8. Rubber .. . §. Steel Utah Ccpper Woolworth Standard Oil Stocks 1044 225 67% Anglo Am. Oli - Borne Scrymeer -. Buckeye ----. Chesebrough Mfg. —. Crercent Cumberland Bureka - Gal. Big., Com, Gal. Sig, Old pfd, Gal. Sig, New pfd, Iinois Pipe Indlana Pipe --—. National Transit -----. Now York Transit -.... Northern Pipe -----—--~ Ohio Ol ~..~ International Pete ----. Penn, Mex. Prairie Ol! ------—-——. Prairie Pipe ———-----. Solar Refg. So. Pipe ~. 80, Penn Olt 8. W. Penn Oi] ------.. 8. O, Ind. 19% 230 68 62 4 85 65 9. Ohio pfd. 3wan and Finch --— Vacuum .-. Big Muddy ~---------.--—--—--. 1,60 Mule Creek ~----——---.. Sunburst . --- Hamliton Dome ---. Ferris ~ -- Byron - NotoLes . Pilot Butte -~--—-----~--—---5014 Landor , Cat Creek ~-—-----—-----—--- Lance Creek ~.-—~-~-------—-- Ouage -----~ wae me rec ewweeeee-- Gray Cresk Light -------. Greybull . - Torehilght . Wik Basin - Rock Creek Salt Creek - OIL SECURITIES By Witsen Crammer & Co. Bid Boston Wyoming -.. 1.00 Buck Creek ~.-....... .13 Burke <222s-2.----.--~ © .20 Blackstone Salt Cheek .20 Chappell 06 8.08 Columbine ..——. 06 08 Central Pipe -.. -~ 100 1.25 Consolidated Royalty - 1.06 1.08 Cow Gulch .. 02 04 jomino ..... 04 06 IKHOMN snnncaowenanew- 02 03 B. T. Williams —---. 12 a3 Jupiter -.,------.... .04 06 Gates 08 -10 Kinney Coastal eae «09% =—-.10 Lance Creek Royalty - .01%4 .03 Mountain and Guilt 138600143 Picardy. 02 03 —- O1% 01% 24.00 26.00 04 04% <= 02 . 02% Western Wxploration__ 2.75 3.00 Western States 4 y On +06 «As 22 22 Mountain Producers — Glenrock Oil Salt Creek Prod. Salt Creek Cons. New York Oil _...__. Yontinental O. Indiana LIVESTOCK Chicago Prices. CHICAGO, Feb, 19.—(U, 8. De partment of Agriculture.)\—Hogs— Receipts, 42,000; mostly 10¢ to’ 1h0 higher; light light and slaughter Digs, fully 250 higher; big packers doing little; top, 11.40; bulk desir- able 200 to 825 pound putchers, $11.00@11.36; 140 to 180 pound aver- ages, largely $9.90@10.90; bulk pack- ing — sows, $10.25@10.50; — strong weight slaughter pigs, mostly $9.00 @9.60; heayy weight hogs, $11.00@ 11.40; medium, $10.55@11.35; light, $10.16@11.15; light light, $9.00@10.70; packing hogs, smooth, $10.40@10.60; packing hogs, rough, $10.00@10.40; slaughter pigs, $8.50@9.75. Cattle—Receipts, 10,000; fed steers, fairly active, strong to 25¢ highe: better grade weighty kind showing most advance; choice long yearlings on handy weight order, $12.25; best heavies, $11.10; some 1,691 pound averages, loads heavies,” steers, $8.25@10.50; i ight beef heifers offered; recent ac- ivity on better grade kind slowing lown; several strong light heef heif- ers held above $10.00; fifty head strong averaging about 1,050 pounds, $10.00; fat cows, strong to 15 higher; spots up more on good to choice weighty kinds; bulls, slow, steady; heavy bolognas, $4:75@5.00 mostly; vealers, uneven, mostly steady; shippers paying upward. to $14.00; most light calves, $12.50 downward to packers; several strings, $11.50 @12.00. z Sheep—Receipts, 14,000; slow; few sales handy weight lambs, around steady at $17.50@17.75; others weak to 25¢ lower; early bulk fat lambs, $16.50@17.25; fat yearling: choice handy weight, choice handy. weight, sheep and feeding lamb: good fat ewes, largely $8.50@9.00; most sales desirable feeding lambs, $16.60@16.75. Omaha Quotations. OMAHA, Neb., Feb. 19—(U. 8. Department of Agriculture.}—Hogs —Receipts, 15,000; active, 10@15c higher; bulk 200 to 300 pound butch- ers, $10.65@11.05; top, $11.10; desir- ble 160 to 200 pound weights, $10.10. 10.65; good 140 to 150 pound aver- ages, $9.75@10.00; packing sows, $10.25@10.36; bulk of all sales, $10.25 @11.05; average cost Wednesday, $10.62) weight, 222, Cattle—Receipts, 3,000; fed steers and yearlings, strong to 25c higher; mostly 10@15¢ up; bulk, $7.25@9.35; several loads, $9.50@9.75; we'ghty steers averaging 1,518 pounds, $10.10; she stock, active, 15@250 higher; bulls, steady; veala, active, strong: stockers and feeders, scarce, steady to strong; bulk butcher cows and heifers, $4,60@7.50; canners and cut- ters, $2.76@4.00; bologna bulls, $4.00 @4.65; practical veal top, $11.00, Sheep— Receipts, 6,000; lamba, opening steady to lfc lower; early sales fod western lambs, $16.25@ 16.50; some held higher; sheep and feoders, stendy; ewo top, $8.75; early sales fooders, $16.00; shearing lambs, upward to $16.25. SUGAR NEW YORK, Feb, 19..—~ Demand for refined suger continued of fair proportions with no changes in quo- tations, all refiners nccepting bust- 90 for fine granulated, Re- fined futures were nominal, Bugar futures closed steady; ap- proximate sales, 65,000 tons, March, July, 3.10; Beptem- MONEY YORK, Feb, money, easter; high, 8%; ruling rate, 0%; closing offered at 9%; last loan, 9; call teins against acceptances, 2%} time loans, steady! mixed collateral, 60-60 days, 3%; 40 months, 4; prime commer olal paper, 8%, Foreign Exchange NEW YORK, Feb, 19—Yoreign ex- changes steady, Quotations {n cents: Great Brtiain demand 476%; cables 60-day bills on banks 473% 6 domand 6.23; cables 6.934%. demand 4,094; cables 4.09%. bette Allacaar une Want Ads for NEW Ttaly Tey Trit Results STOCK PRICES STILL STRONG Rails and .Industrials Open in Good Demand, Others Follow NEW\ YORK, Feb, ing price movements characterized today's stock market... Efforts to un+ Ipad speculative holdings purchased on the recent decling discloses a scanty demand for stocks after an early rise, based on lower money rates and a beries of bullish demon strations in the tobacco Total “sales approximated 1, shares 19.—Confilet- NEW YORK, -Feb. 19,—Stock prices displayed a firm tone at the opening of today's market, with buy ing orders spread over a representa tive Ust of rails and fr Baldwin moved up almos' under the impetus of short covering and Mack Trucks advanced Southwestern rafls were € Texas and Pacific reaching a new top at 55% co jumping 1% In respons: yrable earn ngs report. Specialties took a more prominent part in the subsequent denling with publfo utility shares sonspicuious strength. In the popular industri were narrow, but definite prog was mado under the leadership of Baldwin, which extended its rise to 137%. Gains of three points were scored by several high priced issu: —General Electric, American press and Coramercial Solvents “A” —while ndvances of two points or more were registered by Utah Se- curities, Air Reduction, Universal Pipe preferred, American Ice and United Cigar Stores, Copper shares were reactionary In reflection of the lower price trend of the metal. American Woolen preferred dropped 4 point following the report of a reavy 1924 deficit but the common held fairly firm. Foreign exchanges opened steady. A sudden drop in Baldwin from 137% to 134%, accompanied by a break of 2% in Fleischmann, un- settled the general list around the end of the first hour, Heavy sell- ing fof both accounts took “place with the steel and American Can ding readily to selling pressur U. S. Cast Iron Pipe broke from 2! to 221 and American Locomotive fell back three points. Good buying support was provided at the lower levels and the market gnapped back vigorously around* noon when the call money rate was lowered and a bullish demonstration started in the tobacco shares, carrying United Cigar Stores up 7% points to a record top at 75. Call mohey opened at 3% per cent and then dropped to 8. The midday rafly was apparently utilized as a new selling level, more abundant offerings coming out later in the steel, motor, oil and ratircad groupe. St. Louls and San Francisco and New Haven were conspicuotsly trong, the latter touching 34, the highest since 1922. Many pubtic util ity issues also ruled considerably higher, Utah Securities gainging six points. The ciosing was irregular. Amert- ean Woolen and a few other indus- trials rallied on short covering in the Inte trading, but weakness per sisted in a number of other issues United States Cast Iron Pipe sold showing down to 216, or ten points below its earlier figure. | METALS | NEW YORK, Feb, 19,—Copper, unsettled; electrolytic, spot and fu- tures, 14% @14\c. Tin, steady; spot $57.12; futures, $57.37. Iron, steady; prices unchanged. Lead, steady; spot, Zinc, stead. and ‘futures, Antimony, spot, $ ~ —_ POULTRY. Feb and nearby, CHICAGO, lower; fowls, rooster SILVER W YORK, Veb, 19—Bar ullver, 68%; Mexican dollars, HUGHES URGED OR $50,000 RELIGIOUS JOB CHICAGO, Hughes, have waiting for him tires March 4, a more tion, He has been urged as the head of the International Cour of fous Education in tts financial and organization ork at a §50,000 an nual seleary; J. I. Kraft, treasurer of the eoun cil, meetitng here to discuss financial problems, made the proposal, _ —Charles vane state, miay when } lucrative pout Blatement of the number accounts of Natrona. Power com: | pany tn Caspey from December $1, 1919 to Dedbember 31, 1 December $1, 1919 .. December #1, 19 ose. December 31, 1921 - December 481, 1923 December 81, 1023 . December 31, 1924 o Relty: | WHEAT GLOSING JO UNSETTLED: Fluctuations Mark Course ot | Trading on Chicago Exchange CHICAGO, Feb. ly to predi 19.—Owing large- ions from a leading éx- porter that the wheat trade of the ed tes will be on a domestic basis during April, the wheat market scored & material advance today in the early dealings. NX WSU ay PotwU sYQUOT oY, those in’ which demand abroad be- | comes most urgent. Sharply higher | quotations at Liverpool today tended o to lft values here. The open. , which ranged from %40 to 2%c May $1.86 to $1.87 and Ju 4 tO $1.53, was followed something of a reaction but then by fresh ga with May up’ 7c | above Tuesday's low point. Subseque an additional up- took place, but at $1.87% for the selling broadened out, and market receded, especially tant deliveries, ranging dis- ‘The close was’ un from %o decline to y, $1.85% to $1.85%, 5% to 1.55%. Jorn an@ oats were firmer, sym- | pathizing with wheat. After open- ing at %c to %o advance, “May $1:80% to $1.30%, corn sagged pome- what, and then rose higher than before. Later, as a result of profit taking sales, and slowness of shipping de- mand, the gains failed to hold well. Prices closed nervous, at the same Jas yesterday's finish to %c higher, May, $1.30% to $1.20%, Oats started at isc to %c up, May 5 Later, there was a slight fur- ther upturn. Provisions were responsive to higher quotations on hogs and grain. Open High Low Close | Wheat— ;™ y July Sept: Corn— May July Sept Oate— May July Rye— May 1.87% 1.85% 1.85% 58 Ms Al 1.43 30% 1.80% 30% 1.31% 29% 1.304% 55% 56% 55 54% 55% 4, 54% 55% 54k 41% BTM 18% 1.59% 1.35% 1.18 1.61% 1.37% 15.50 15.82 Ribs— Ma 16.02 16.30 Beliies— May - July 18.10 Cash Grains and Provisions. CHICAGO, Feb, 19—Wheat num- ber 2, red, $1.94@1.9 number 2, hard, $1.84%. Corn, number 4, mixed, -$1.14%4; number 3 yellow, $1.22%4@1.23X. Oats, nymber 2. white, 56% @57%; number 3 white, 51@53%c. Rye, number 2, $1.55%. Barley, 92@99c. Timothy sced, $5.60@6.05, Clover seed, Teeth ca 00. | LATE SPORTS YORK, Feb. Bridgeport, NEW aney, ght 19.—Jack De- Conn., middle- and Tiger Flowers, Atlanta were matched today for a n contest of 15 rounds at Madi- Square Garden February 26 | Delaney won by # knockout in the nd round of their bout here a ‘etur In., ‘ob. world's Wash 19 AMPA, I bers of baseball ston diamond ution f hip drive. sht ight. Bena hore or the chan The work t was } | PHILADELPHIA, Feb, 19.—Tho | Philadelphin Athletics are ell signed up and “rarin’ to go”, Tho club ia sald to be the firet In the major leagues to sign all players for the 1925 campaign, rdon B, Cochrane, catcher, bought from Portland, Ors., asked for wome of ihe purchase money but signed up without getting any, PAUL, Minn, 10 belng mado mateh Pactfic coast feather welght contender and Jackio Nich of Bt, Paul it was an nounced here today by Jack Reddy fight promoter, Reddy wishes BT forts 2 mn Feb, to have them box March 3, Herman meets jarcta in New York Frid and then expecta to go to t far west > POTATOES *AG0, morning cn early Feb. 19, — Potatoes, trading moderate; aitghtty stronger; recelpts, 49 cars; tolal U, 8, whipments, 774; Wisconsin” sac ked round whites, $1.10@L.16;> fow fancy, 61.20 1.30; Michigan bulk Russet Rurals, $1.95 @1.40; Idaho sacked Russets, mostly $2.60¢ 6 marke + SR CRESS In front of the apartment houses in Spanish: ctties it is no unusual thing to see three young men étand ing side by side. in. the street, look ing up and pouring out impassioned protestations, h to a girl on different floor, May and June,| % | | teste Gen. Mitchell, As it reach committea, th t was th 1 Mitehell, who has been asked t Secretary Weeks for of statements m mittee, would be voluntarily ‘r assistan an explanaticn fico ag assistant next month. General Mitchell himself was cluded among those yhho claimed knowledge’ of the matt White House, where conferring with the fused to discuss the report beyon the statement that ft had not eman ated from there, General Mitcheil's name was not on the president's for mal calling list today. Committe members, however, did not this as disproving the report. president, reg “REPRIMAND” NOT FORTHCOMIN WASHINGTO: ‘eb. 19.—Instead of going to the White House today for his much advertised “reprimand” from President Covclidge, Brig. Ger. Mitchell appeared once more before the houre aircraft committes and re. affairmed his opposition to the ad ministration’s aircraft polloy. Before he took the stand the gen- eral disclaimed all connection with the report of a White House sum- mons which broke up yesterday's committee meeting. Both the White House and the of. fices of the secretary of war have dented flately that they passed any such information along to the com mittee. While house officials would go no further today tn thelr discus. sion of the incident, but said the general's name was not on“Mr. Cool: idge’s appointment list. For his part, the general insisted Market Gossip Ol Summary, California crude oil output week ended February 14, averaged 598,100 barrels daily, an increase of 2,600. National ‘Transit declared extra dividend of 26 cents, payable March 16 to stock of February 28. Directors of Shell Union meet at 2:80 p. m. for dividend. Paris hears Washington has pro- against exclusive oil conces- sion by Albania to Anglo Persian Oll company. British American Ot] company Ltd., {s offering stockholders rights to subscribe at $80. to ono share new $25 par stock for, each five shares now held. Standard O{} of California, Shell company and several other Southern California oll operators are prepar. ing to open new field tn Orange county where ‘oil structures have been defined by geologists. Olldom says premiuca are being paid for Mid-Continent crude in spite —Bight | prices, Pennsylvania Producers to be holding crude that it will be ince $4 0 barr next reported in expectat General Summary made in a few successful will effec 50 per cent on 1 American E during yean ended rned $5.45 sha againnt $7.20 in 1 Chban raw sug March cl saving « Power company December 23, common February and oarly 6 sells a a cents Former Minister of Commerce soucher nver # Morgenthaler vidend of § dividend stock of March 4 Wheel declared of 80 cents on 20 to atock of Mare ] & had been. pi recommends French 200,000,000 extern Linto quar arly Aend able Mar cen gha Adding Machine do. regula comm larch 31 » Gas declared reg iar {dend of 2 per cent on com mon payable March 16 to stock of March 2 Car londingn fe ruary 7, were 02 crease of 32,189 week and 22,22 in 1928 Armour common stock baais; this ta gn in Wontinghouse ¥ turing Hilake of ¢ week ended Feb: 244 ¢ an in over proceeding over sume week ary. and company claan put on $3 annu tlal dividend, jectric Manufac company’ and Slemens & ontere Germany have one patent Into a ten and pract American ar b t mutually ventive and expertor horet ne frou electrical neerns eh, mothods res | each other, aid} CEN. MITCHELL TO BE RELIEVED IN AIR SERVICE House Hibestigation!E Boipead Today by Report That Assistant Chief Is Not to Be Reappointed WASHINGTON, Feb. 19.—The house aircraft commit- tee hearings were eclipsed today by a report, neither de- nied nor confirmed-by White House officials, that Brig. central figure in the aircraft row, called there during the day, Coolidge that he wanld: not be r would be informed by President appolnten to his present i had’ n was to t carpet by the rmed 2 ronfi- nied him as t chief of the @ir service, but ndded that the had not received sur ons, and had no idea originated. et =A the stand before th > oday, Nepresentat publican, Tilinols, asked: Is this Mitchell or ex- yenernal?” The assistant army air chief emil- ut did pot reply. fter hearing General committee unantr resolution eks for equa an and green and in ve General Mitchel!, usly adopted to recall Secretary further questioning on of the national defense t attack: heral Mitchell in his testimony again asseiled the inadequacy of the nation’s alr power, and asserted t defense of the Hawatian Islands Were as obsolete as “bows and ar rows” Japan could capture both the Philippines and Hawail, he said, a ding that the latter could not hold out against Japan for two weeks. During discussion of the proposal to recal Secretary Weeks, Repre- sentive Reid, Republican, Tilinols said he thought the war secretary should be recalled as ‘he doesn't seem to know anything about his de-' partment The resolution was offered by Rep- resentative O'Sullivan, Democrat, of Connecticut, after Representative Perkins, Republican, New Jersey, the committee examiner, had pre- sented a report which he said he un- derstcod was an “authentic war de- partment release." This report quoted Mr. Weeks as taking exception to recent state- ments by General Mitchell, and as saying the army had approximately 1,200 planes ready for flight service. This Mr. Perkins sald, was in direct conflice with testimony the commit+ tee had received from several sources. After action on the Weeks reso- lution Mr. Reid offered a resolution of protest against a possible repri- r d of General Mitchell by Presi- dent Coolidge. The Illinois represen- tative declared if White House ac- tion were contemplated tt was be cause 2 president had been misin- formed. The committ however, tabled this proposal. Socks, 2s EE ECONOMY PLAN INTRODUCED AT WHITE HOUSE $12,500 to Be Lopped Off Expenses at Manuon. 19.—E 's “econ- to appe: the White learn the rtain utting expen nomy alreac White House off ms of e ut the 88 In the ed daily tho offtoe common drink jual paper mtains in when of employes ¢ indefinite extend pertod’’ correspond immermoria itive offices © of supply for to the exe: and aga pes in large mes- ° which ts to and partments. LE UGITIVE Is CAUGHT ON WEST COAST EATTLE, James H, Buchanan, the pollco bere last night tified from circulars Mich Wash. Feb. 19. arrested by wan iden- rent from Jnele- escaped cony' where he serv of a 16-year een as an netitution onthe c burg! Authorities sentence In” en x id he also served sand Montana pen. itentinries for similar charges.