Casper Daily Tribune Newspaper, February 20, 1925, Page 9

FRIDAY, FEBRUARY 20, 1925 Oil : -—o— “nwuce OIL CONSERVATION PROGRAM DEBATED Doherty Plan of “Unit” Operation Under Fed- eral Regulation Not Favored by Many; By J. C. ROYLE, ‘opyright, 1925, Casper Tribune)- NEW YORK, Feb. 20.—Discussion conservation’ of oil resources in United States has split oll men conservation experts into two ct factions—those who view situation with alarm and those view the situation, Mining eng s and geologists were frank to ttoday that wastage éxifts tn- present conditions of production were Jess willing, however, to de to the proposal advocated b the Atnerican Institute of Min- and Metailurgi¢al Engineers by y 1. Doherty, eminent public y operator. he so-called Doherty plan in- ps federal regulation of all oil js and production and provides as neck to “offset” drilling the * operation of all American by which all owners of land r which oflgis found shall be proportionately instead of be- wid on a royalty basis for ofl from wells drilled on that Pponents of the plan declare that time has not yet come when rs or léasers of oll land are con- té apply the golden rule and e with others as they hope to ve al : The slogan of the in- by always has been ‘I'm going t mine,” they Say, and operation e unit plan would have to over- human nature as well as some he provisions of the constitution he United States. gineers from the Louisiana and Fkansas fields, especially from the kover district, point out that Phen. oll pools are tapped, less than 6 per cent of the petroleum content {s brought t6 the surface and put Into ‘consumption. They declare a saving of ten per cent in extraction would not only check initial pro- duction and restrict new drilling op- erations, but would insure a reserve supply sufficlent for long periods without the necessity of recourse to federal legislation or regulation. The production of the country to @ay is running well above 1,900,000 barrels daily. There is sufficient ofl Jn storage for nearly five months consumptive demand. Dr.;Charics. O, Locke, head of the mechanical ehgineering department of Columbia University, declared to- Engineers Hear Suggestions day that since the first oil well splashed Titusville, Pa., on the map in 1854, there has never been a world lack of oil. He believes. that devel- opments Will be sufficient to provide "world requirements, no matter how extensive they may be. In addition, Mr, Lucke points out that the coal deposits of the United States are thoroughly well known and established. ‘Those deposits would suffice, he says, to provide fuel oil a8 a by-product, sufficient for any extraordinary need, without ctirtailing the use of gas engines in any way, through the produétion of benzole and toluol. All the engineers present at the meeting of the Institute in New York are willing to concede that tremen- dous sums were being expended In search for new oil fields, Many con- ceded, however, that this search was inspired not by desire to providé for future world needs but by hope of quick profits. Millions of dollars are being, expended in such search. For example, the Standard Oil company of California recently abandoned ex- tensive operations in the Philfppines after expenditure of over $2,000,000, having found no pools profitable to exploit in the district explored. The same is true of mining com- panies which have conducted searches for gold, copper, silver and other metals, the engineers point out. The engineers say if the hope of quick profit were removed, the search for future oil reserves would be abandoned and that the situation in future years would be moré men- acing than any threat of depletion ts today. In the meantime, many engineers declare their intention of devoting thelr activities toward processes of developing oil from shale, toward recovery of a larger percentaage of the contents of pools and toward de- velopment of the benzol and toluol ccntént of coal, rather than toward restriction of petroleum production and drilling activities, They are confident that the law of supply and demand will offer suffi- cient check to production to avoid depletion and point to the fact that in California the new drilling activi- ties singe the first of this year have fallen néarly 80 per cent below those. of the corresponding period of last year. Company Making Tanlac Sees Odnership Change One of the most important devel- epments of late years in the pro» prietary field is the recent change of ownership of International Proprie- taries, makers of Tanlac, the well- known tonic and corrective. The new owners, who have taken over the Interests of the 8. A. Lynch en- terprise, have just released a most impressive nation-wide campaign of advertising in which more than 4000 newspapers will be used during the next few months. In_a.recent interview, Mr, C. A, Frary, the new president of the cor- poration, safd: ‘The value of a general tonic and corrective in build- ing up vitality and combating dis- ease germs is no longer questioned by intelligent people. The Amert- The Casper Tribune) Ste PITTSBURGH — Few sheets are being made for quarter delivery at the recently ad- vanced prices. ‘Tin plate remains Minchanged, but in wire the leading interest has followed independents and increased prices $2 a ton to a basis of $2.95 for nails and $2.70 for plain wire. (Copyright 192 gales of second CONSHOCKEN, Pa.—About 700 men ero on strike at the Schuylkit! Iron works over a wage dispute The Management declares the scale for Workers offered by the company in certain remodelled and modernized mills is higher than that paid b’ competitors. This has been refused and the man: nent has closed the plants. MAUCHCHUNK, Pa.—The stock and bond holders of the Mauchchunk Tron Works have determined not to sell the plant which was active dur ing the war but have appointed a committee to devise ways of putting the concern back on a profitable producing basis. Lumber HOUSTON xas and Okla- homa are still the chief buyers of Commodity Trade News yellow pine yard stocks, The pur: chases have been sufficient to take care of the output of Texas and Oklahoma mills. Buying from the oil flelds shows some Increase. SHREVEPORT — Optimism over the outlook for hardwood sales for 1925 is ref'ected by hardwood men from Louistana, Arkansas, Okla- homa and East Texas, Orders are above normal, manufacturing and Anbor conditions are reported good. Shoes BROCKTON, Mass.,—The Brock ton shoe manufacturers have been Aissatisfied with the recent award of the arbitration board allowing can nation is perhaps the healthiest in the world, and one reason for their good state of general health Is the Intelligent use of the better home remedies. It is amazing the number of people who write us to express thelr appreciation for what ‘Tanlac has done for them, “Tanlac long ago passed the exper- imental stage. Its tremendous pop- ularity wherever it has been offered for sale is the best recommendation any product could have. More than 40,000,000 bottles of Tanlac have al- ready been used. It {s inconceivable that so many people would go on buying and using any tonlc or cor- certive over such a period of time if they weren't getting good results from" it.'* wage reduction of 4 to 6 per cent and have announced the intention of reopening the case within ten days. ST, LOUIS—Sales of the Johnston- Stevens Shinkle shoe company for the last year totaled $4,494,000, ac- cording to the latest report, Of this amount $609,381 was net Income, Textiles WILLIMANTIC, Conn,—Workers at the plant of the American Thread company here voted to strike if their demand for restitution of the, for mer wage scale is denied by the company. Tobacco LANCASTER, Pa.—Tobacco grow- ers here are alarmed over the de- pression in prices of the 1924 crop. Tobacco which a year ago sold at 18¢ a pound ts down to I4c, It is feared tho averago yield of $8,000,000 from the crop in this country will be greatly lessened this year, Non-Ferrous Metals SAN FRANCISCO—Power, tele- phone and telegraph companies have commeneéd thelr spring campalgns of replacements ard betterments, and, as ® result, army orders are being placed for copper wire and other nonferrous metal products. Agricultural Implements KANSAS CITY,—The demand for agricultural implements from this territory has been #0 large that some local jobbers anticlpate a short- age in certain lines. Poultry. CHICAGO, Feb. 20,—Poultry, allye lower; fowls 23@24c; springs 260; roosters 18¢; furkeys 250; ducks 27¢; weese 16c. EES eae) For results try a Tribune Claasified Ad. Bonds New York Stocks Last Sale Allis Chemical and Dye -.-. 87% American Can on 173% American Car and Foundry ~. 20345 American Locomatie --...-. 123% American Sm. and Ref. -.. 99% American Sugar --.---------- 63% American Tel and Tel. ~--.-. 133% American Tobacco --. 8h American Water Works -- 37 American Woolen ---.-s-----. 51% Anaconda Copper ----------- 42% Atchison .~...-+-.--------- 1224 Atl. Coast Line wascecsens 152 Baldwin Locomotive -..-.---- 144% Baltimore and Ohio ~.----.-- Bethlehem Steel --.-.-----. California Pet, ex, div. ~ Canadian Pacifico - Central Leather pfd. Cerro de Pasco Chesapeake and Ohio Chicago and Northwestern .. Chicago, Mil. & St. Paul _pfd. .. Chile Copper Coca Cola ------. Colorado Fuel -. Congoleum Consolidated Ga: Corn Products ------+---. Cesten Oil -. Crucible Steel sis... 7414 Cuba Cane Sugar pfd. ---... Devison Chemical --.--..--.. Du Pont de Nemours -.+. rie 2... Famous Players General Asphalt General Electric General Motors Great Northern pfd. Gulf States Steel ----. Houston Oil -. Hudson Motors Mlinois Central -. Int. Harvester --. Int. Mer. Marine pfd. --. Kelly Springifield Kennecott Copper -- Lehigh Valley --. Louisville and Nashville -. Mack Truck = Marland Ol -. Max. Motors A Mex. Séalioard Ol - Mo., Kan. and Tex. ~-. Mirsour Pacific pfd. Montgomery Ward ----—-- National Biscuit National Lead - New York Central . ¥., N. H., and Hartford orfolk and Western American Pacific Ol <. Pan Am. Pet. B o-s- Pennsylvania —_ = Phila and Rag, G. and I, ----.- Phillips Pet, ---+--. Pitre Oll -neowerenesee Reading -- Rep. Iron and Steel ~..-. Reynolds, Tobacco B St. Louis and San Fran. ~. 71% Seaboard and Air Line Sears Roebuck ..«-. Sinclair Con, .----.--. Sloss Sheff Steel =---.--.--.-- Southern Pacific Southern Railway ----.-----. Standard Oll, Cal. -.-----.. Standard Oil, Ni J, Stewart Warner Studebaker -. Texas Co. Transconti. Oil Union Pacific ~~. United Drug \-.--.-. U, 8. Cast Iron Pipe U, S. Rubber -. U. 8. Steel . Utah Copper Wabash pfd A Westinghouse Electric -. Willys Overland Woolworth -.. Standard Oil Stocks Anglo Am. Oil 19% 19% Borne Serymser — 225° Za0 Buckeye - 6i% 68 Chesebrough Mfg: 58° 62 Creecent ~~~... 1304 Cumberland Bureka .- Gal, Slg.. Com. Gal. Sig, Old pfd. ~ Gal. Sig. New pfd, ---. Illinois Pipe -. Indiana Pipe National Transit -..--. ew York Transit Northern Pipe ~. Ohio Oil ...-. International Pete -.. Penn. Mex. .---.-. Prairie Ol! ~~. Prairie Pipe --.. Solar Refg. So. Pipe -----..-~. Penn Oi W. Penn Oil ...-. 8. O, Ind. ..--.---. 8. O, Kan. 8. O, Ken. 8s. 8. 8. O. Oblo pfd. Swan and Finch Vacuum .«. Washington 8. O. Neb, Humble — 8. CRUDE MARKET Big Muddy ----.--.--. 1.60 Mule Creek ~......:--. 125 Sunburst . eweeewnen--- 1,20 Jew mewecennce 1,05 ewncennee 1,05 seme remmneee 1,30 Notches - wenvonsersscweence (65 Pilot Butte --------.-----2.---5014 Lander . -.-------n<: a0 Cat Creek enennene-. = 2100 Lanco Creek -.--------. 1.95 OBDZe 440nn----nocnne. rp Gras Creek Light -..---.--.-. 2.00 Greybull - Torehlight . Elk Basin Rock Creek Salt Creek ‘ - @pe Casper Daily Cridune Stocks WS AND QUOTATIONS BY LEASED WIR OIL SECURITIES Bid Ask Boston Wyoming ---. 1,00 1.25 Buck Creek. -.. we-= 613 15 Burke .. oo - 20 22 Blackstone Salt Cheek .20 22 Chappell —.. 06 08 Columbine .---.s-2.. 06 08 Central Pipe .. 1.00 Consolidated Royalty - 1.06 1,08 Cow Gulch 2.2222. 02 4 Domino Ot 06 Elkhorn -. —<. 02 03 E. T. Williams -...-... 13 Jupiter 06 Gates 10 Kinney Coastal <. 10 Lance Creek Royalty . 01% .02 Mountain and Gulf --. 1.85 1.43 Picardy 02 03 Preston 5 OL 01% Red Bank weown--24.00 26.00 Royalty and Producers .04 04th Sunset -<--sse-ssce ee, 2 02h Western Exploration. 8.00 Western. States a4 ¥ Ol ssaecaceae 08 Mountain Producers . Glenrock ii Salt Creek Prod. Salt Creek Con: New York Oil -..-.... Continéntal 2.22... 8. O. Indiana .... 27.50 66.00 or LIVESTOCK Chicago Prices CHICAGO, Feb. 20. (U, 8. Depart- Ment of Agriculture)}—Hogs 33,000; active; 10c to 26¢ higher; mostly 15c to 20c up; all interests buying; ship- pers taking nearly half of fresh re- celpts; top $11.60; new season high; bulk good ahd choice 180 to 350 Pound weight $11.00@$11.65; 140 to 160 pound averagés largely $10.25@ 10,80; paéking. sows mostly $10.30@ 10.50; bulk strong weight slaughter Pigs $9.50@9.76; heavy ‘weight hogs $11.20@11.60; medium $10.70@11.55; Ught $10.40@11.35; ght lights $9.2! @10.85; packing hogs smooth $10.50 @10.65; packing hogs rough $10.10 @10.50; slaughter pigs $8.75@10.00. Cattle—Rereipts 4,000; for most killing classes fairly active; market strong with week's uneven and sharp advance; most fed steers $8.50 @9.75; few to killers under $8.25; several loads . handy and strong welght bullocks $9.75@10.25; best heavies $10.75; average about 14.00 pounds; some 1475 pound averages $10.50; 1175 bid on part load leht yearlings; most fat cows $4.50@6.50; Seef heifers mostly yearling welghta fairly numerous at $7.50@9.00; few heavy bdlogna bulls $5.00; ble weight fat beef bulls slow at that price; most good to choice light vealets $12.50; plainer kind ranging down- ward to $11.00;"few choice handy weight upward to $14.00 to outsiders, “Sheep—Recelpts 8,000; fat lambs steady to strong; most of strength evident on desirable shipping tambs; fat lambs $17.00@17.50; few to ship. Ders" $17.75 and $17.85; no Colorados sold; cholee frésh shorn lambs bid $13.50; fat sheep full- steady: good fat ewes $8.50@$9.00; febling lambs strong; early bulkt $16.50; best held above $17.00" Omaha Quotations. OMAHA, Neb., Feb. 20.4. s. De- partment of Agriculture)—Hogs — 15,000; active, fully 10¢ higher, bulk’ 200 to 300 pound butchers $10.75@ 11.20; top $11.25; desirable 160 to 200 pound weights $10.20 10.75; good 140 to 150 pound light Mghts $9.85@10.15; packing sows $10.25@ 10.35; feeder pigs $7.25@8; bulk of all sales $10.854711.20; average cost Thursday $10.76; weight 214, Cattle—1,100; killing classes gener- uly fully steady, bulk féd ateers and yearlings $7.25@9.25; weighty steers $9.7) medium —welghts ‘$10.10; butcher cows and heifers $4.50@7.50; canners and cutters §2.75@4} hologna bulls $4@4.65; practical veal top $11; stockers and feeders scarce, noml- nally steady, Sheep—Receipts 5,500; lambs slow, steady to easier, early sales fed lambs $16.25@16.60. some held high- hepe and feeders steady; e 5; shearing lambs $1 Denver Prices, DENVER, Colo, Feb. 20,—Hogs —Recelpts, 300; market, 15 to 20c higher; top, $11.10 for 230-pound welghts; no cholee heavy butchers here; bulk, 180 to 230-pound aver- ages, $10.85 to $11.10; few loads $10.60; packing sows, $9.25 to $9.50; slaughter pigs, $8.75. Cattle—Recelpts, 400; calves, 50; slow, around steady; several. Joads fat she stock unsold early; ene load cows, $5.15; one load heifers, $7.00; slow; yearling feeders, $7.70; two loads aged feeders, $8.00; part lond fat steers, $8.00; choice vealers, $11.00. Sheep—3,500; fat lambs opening about steady; four loads averaging 8$ to 93 pounds, $16.00 freight paid; sheep unchange one deck medium to good 110-pound ewes, $7.80 flat; no feeder lambs offered, ——————____ SUGAR NDW YORK, Feb. 20.—No changes Were noted in refined sugar prices, all #ofiners accepting business at 5,90 for fine granulated. Demand continusd of fair proportions. Refined futures were nominal . Sugar futures Closed irregular, Approximate sales ~ 31,000 tons. March 2.79; May 2.92; July 3.10; Sep. tember 3238, ‘ —————— Butter and Eggs CHICAGO, Feb, 20,—Butter lower, creamery extras 400; standards 39140; extra firsts 38% @390; firsts 36% ST'4ei seconds 32034c. Eges uns changed, receipts 18,818 cases. — For results try a Tribune Clasalfed ee eer Grain STOCKS MEET GOOD DEMANC Strong .Tone Prevails With Opening of New York Exchange. EW YORK, Feb. 20.—Stock prices rallied briskly today tn. re sponse to lower money rates, ex- tensive short: covering and pros- pects of increased dividend disburse- ments; The improvement in senti- ment created by recent corrective selling. operations contributed to the market's buoyancy, Sales approxl- mated 1,600,000 shares. NEW YORK Feb, 20.— prices dis da strong tone at the opening of today’s market, Sav. age Arms advanced 2% points to a record t6p Of 96% and initial gains of a point or more’ were recorded by Southern Raily prefefred, Mack Truck: American Smélting, American Can, General Blectric, and Allied Chemical, Air Reduction, which recorded a sharp gain yesterdny, fell back one point on profit taking. Heavy buying of Pan Americ: B, which advaticed 1% points to 75, Was one of the features of the early trading. Savage Arms extended’ its gains to 4% points and Utah Securi ties, American Locomotive” and Houston Oil were added to the list of stocks to sell a point or more above ‘last night's final figures. Mainténance of the ‘New York Ped- eral Reserve rediscount rate at 3 per cent, setting at rest rumcts that it was to be increased at yésterday's meeting of the board of governors, |s believed to haye influenced the buy- ing of stocks by professional. trad- érs. Air Reduction continued to yield on realizing sales, falling back neariy tiree points, and Radio Cor- poration dropped one. Vorelzn ex- changes openéd steady, demand sterling selling around 476%: The buying movement assumed broader proportions when a brisk demand developed for Baldwin, carrying that stock up 2% points to above 141, a new high record for the year as compared with a low of 126% established only last Tues day. The oils, particularly the Pan American issues, were heavily bought and Rock Island led a sharp upward movement In the low priced rails. Steels lagged behind the rest of the list. Over 50 issues had sold a- point or more above night's closing prices before midds General Blectric jumped 5% points, Sears Roebuck 5% and American Locomotive, Pan American, Mack Truck, Houston Oil and Américan Safety Razor, 2% to 8%, Com- mercial Solvents A broke 6% points and the B stock 12. Call money re newed at 3 per cent. An abundance of money at low rates for speculative purposes and the possibilities of many favorable developments affecting various rall- road and industrial shares caused a further notable advance in the after- noon. Baldwin touched 142%, a rise of-4 points. Rock Island, Chicago and Alton preferred, American Can and American Smelting advanced 3 to 3%. Gains of 3 to five points were extablished in a number of other shares, The closing was strong. Bullish operations were conducted more ag- gressively in the last hour, General Electric mounting 7% points and Mack Truck, Savage Arms, Beac’:- nut Packing, Crucible Steel and California Packing moving up 4 to 5% points. Steel shares joined in the upward swing. POTATOES CHICAGO, Feb, 20, -— Potatoes early morning trading limited; mar- ket stronger on northern whites, weak on russets, receipts sixty cars; total Us 8. shipments 856; Wiscon sin sacked round whites: $1,151.20: fancy $1.25@1.35; bulk fair condition cked russets $: 2.00; fancy $2.70. pa Ene eee ee Market Gossip Marino O11 Operations Operations of the Marine O11 com- pany in Salt Creek are shown as fol lows: Section 18-40-78—Wokans 6: depth 2435 feet. Pulling 6%-Inch casing spear, Wyokans 6: Well producing since February 13. Swabbing and cleaning out. LIBERTY BONDS NEW YORK, Feb. Liberty bonds closed; 3%8 101 first 4 101,27; second 4 100.30, third 44s 101.14; fourth 44s 101.29; Us 8. gov ernment 4%8 104.30. Foreign Exchange NEW YORK, . Feb, 20.—Yorelgn exchanges steady, Quotations in cents: Great Britafn demand 476%; cables 476%; 60-day bills.on banks 30. 473%; France demand 52414; cables $25; Italy demand 4.09%; cables 410%. TOO LATE TO CLASSIFY FOR SALE-—4-room modern hous easy terms. W. 1. Pratt, general contractor, Phone 1621-R, WANTED—General houxecleanins, window washing, paper and paint: ed walls cleaned. ‘Job work of any kind. Ph, 2216-J, GRAINS LOSE EARLY GAINS Decline Sets in After Ad- vance and Prices Close ; at Loss CHICA ». 20.—Wheat prices failed to hold “up today in’ the last of the board of trade session. New export, business of consequence was lacking, and speculative demand for future deliveries gave out. . The close we %e to 1th net Jow- er, M 54% to $1,854 and Sep tenibe to FL.bay at Liverpool led to a material upturn in wheat values. today during the early’ dealings here, The fact that liberal’ buying of wheat and flour Jay for Russia was confirmed, also to lift prices. On the ad- nee, sellinge pressure enlargéd, but reactions were only transient, and the market rose highé? than before. Initial quotations ranged: frdm ‘half to 1%c higher, May $1.86% to $1.87 and July $1.56% to $1.86%, with May afterwhrd touching $1.87%4. About noon, the! market broke to below $1.85 for May, but subsequent- ly recovered part of. the loss. July went to a wider discount: Aggressive buying on the part df speculators gave something» of a lift to the corn market. ‘After-open- ing unchanged to %c higher; “Maly $1.81 to $1.31%, corn sagged ‘a little, but then scored moderate * gerieral gains Later the market. receded.’ East- ern demand was slow, and Karisas City was sald to be shipping to Chicago, Corn closed weak, #\ec to 1 net lower, May $1.28% to $l. . Oats were relatively weak, traders taking increased notice of the huge stocks on hand. Starting at %c to %c advance, May D4%e-to 54140, Pats underwent a. moderate setback all around. Provisions hog values. advance in lne~- with Open’ High Low --Close Wheat— May 1.84%. July .. 1.53% Sept. — 1.42 Bellles— May 18.10 July 18.35 Cash Grains and Provisions, CHICAGO, Feb, £0.—Wheat num- ber 4 hard; $1.78. ‘ Corn, number 3 mixed, $1.18@ 1.20%. Number 2 yellow; $1.27%. Oats, number 2 white 64% @ humber 38, white, 494% @51%e. Rye, no sales, Barley, 90c@$1.02. Timothy seed, $5.6006.50. Clover seed, | $24.00@32.00. Lard, $15.05 Ribs, $16.12, Bellies, $18.00. METALS NEW | YORK,» Feb, - 20.—Copper firm. Ilectrolytic spot and futures Tin steady, spot and nearby futures 67.50. Iron steady; prices unchanged. Lead’ steady; spot and futures $7.60, Antimony spot $20.5 NEW YORK, Feb 20,—Call money } high 8; low 8; ruling rate 3; closing bid 3; offered at 3%; last loan 8; call loans against acceptances 4g; time loins steady; mixed collat 1 60-90 days 4-6 months prime commercial paper 3\, ———— SILVER NEW YORK, Feb, 20.—Par stiver, 08%; Mexican dollars, 62%. ——————.—— COTTON NEW YORK, Feb, 20—Cotton quiet; middling 24.60. Flour, MINNEAPOLIS, Minn,, Feb ‘lour unchanged. Shipments, 892 barrels, Bran, $24,00@25.00. Los Angeles Lakes . Wing For Bermuda LAKE HURST, N, J, Feb. 20, The United States dirigible Los An geles left at 3:40 o'clock this after on for Bermuda carrying her first consignment of mall for » forelgn port. In the Bo: BOSTON, Feb. 20.—The Commer- Yal Bulletin tomorrow will say “The demand for wool is, still it regular, and for the most partolimit ed although the manufacture lopking the- market over carefu int order to-keep- posted, if. nothin: more, Some-business is being do nevértheless und usually at. slightly .losyer prices, more especialig- on th finer qualities, French combing fin and fine medium wools in the orige inal bags Velng quotable “at about clean basis, “The decline in Australia appears to have been halted for the time beng atleast. France 1s buying and Japan -is- continuing to rather free while Amer {e& 1s also boythig rather more wool “The trado is still watehing a Velopments in the goods markets. “Buyers appear to be rather moré ed, but still are buying cau: There is a little ne re ported from the w “The niohalr situation is hardly changed. Some miscelluneous hair is reported sold ‘at About recent Yates,” The Bulletin will publish the fol- | unwa | New PAGE NINE Wool Demand Irregular ton Market; - Manufacturer Alert quotations wool tomorrow: tic: Ohio and Pennsylvania Delaine unwashed 65@66c; blood combing 63@64c; % blood 63 @ave. igan and York fleeces: Delaine unw unwashed 6 half blood d combing Hood unwashed 68¢; fine urt and average f blood 64@65e; & fine $1.65@1.70; 12 fine 8 month Califor middle Oregon number 1, staple 160; fine : » medium combing $1.50; eastern clothing $1.45; Valley $1.60@7.62 @i45; southern number 1, $1.40@1.42, ritory, Montana and similar: Fine staple cholee $1.60@1.65; Kalf blood combing $1.45@1.50; % blood combing $1.25 Pulled delaine $1.68 @1.70; A Supers $1.40@1.45, Mohair best combing 85@96c; best carding 76@80c. AA $1,65 Pittsburgh.—Local < producers. re. port that specifications on steel bars, shapes and plates continue Satisfactory. The plants of. the Carnegie Steel company 4s operating at capacity bit the new Price of $2.20'on these producta f# not bring. ing out much new business. roads are counted on to brink ders for some addit local mills, ional tonnage to Atlanta—Atlanta bank clearings for the last week were $59,774,000, a gain of 13.4 per cent as compared with the corresponding week last year. This placed: Atlanta four. teenth among the cities of the coun- try financially, although {t stands thirty-second in population, Pittsburgh.—There were 802 building contracts awarded in west- tern Pennsylvania during January, having total value of $9,513,000. There were recorded 418 eontem- plated projects with a value of $19,- 116,400, Concord, N, H.—Hearings began in the state legislature today before the committee on labor and industry on a bill to repeal the 48-hour-a- week law in the mills and factories, RIGHT OF WARDEN TYNAN TO SPANK’ CONVICTS IS UPHELD IX COLORADO PRISON HEARING CANON CITY, Colo Feb. 20.—(By The Associated Press.) —Thomas J. Tynan, warden of the Colorado peni- tentiary, has authority to ‘ ‘spank” prisoners, the state civil service commission ruled today. The only question at issue in the warden’s trial on charges of ‘prison mismanagement abused his discretion in administer- ing punishment as discipline, the commirsion's ruling held In effect. Prosecution cotinsel asked for a recess following which argument in support of its contention that Col orado statutes do not provide for cor- poral punishment will be presented, Unloss the. comminsion’s ruling 1s reversed, the flogging charges will be Virtually nullified, attprneys de clnred, CANON CITY, Colo., Feb. 20—Thomas J. Tynan, Colo- rado penitentiary warden, took the stand today as a prosecution witness in his trial on charges of prison misthanaigement brought by Former Governor Sweet, Refusing to accedq yesterday to a request by the pre for for mer Governor. ynan be called for ore xe as defer witne: the commission ruled that Jed by Sweet's testin T han's eution ution that ninat elvil ice he might 2 counse direct ction, in the opinion of Ty torheys, will bind the prose to his evidence and permit him to be cross examined by his own counsel, Previous to taking the stand, 1 nan exhibited a telegram from I". B. Homan of Denver, father of Hletcher J. Homan, prison guard who yoster. day was suspended by the state civil service ‘commission after he adinitted under oath that he had defaced state prop Homan stated that his #0n’s suspension Was.entrely just Suit Against Big Packing Firms Urged WASHINGTON, Ireb, ¢ —Recor mendation that steps be taken not only to divorcee the big five packers (nally from their stockyard holdings but also from their control of meat refrigerator cars has been mad¢ the federal trade comminsion in a report to the senate Responding to a senate r for Information regarding the con- sent decree entered into by the pack- ere with the department of justice in 1020,. the commission, in its report yesterday, held that stockyards and Hiroad cars both were in fact ad lution rJunct# of transportation and as such, should be rubjected to uly tion Of the interstate commerce com migsion In order to-make the refrigerator cars available on equal terms to all meat packers and otic” food dlateibs utors, the comm SuBYyested the formation of a single company, sim: | Har to the Pullman company, to take | o¥ over ownbrship and ope tion is whether Tynan had There are no typewritten rules for the management of the prison Ty- nan sald, other than the typewritten rules placed on the bullettin board from time to time on recommenda- tion of the state board of corrections. ‘Tynan sald he had not been order- ed by the board of corrections to pro- duce his prison records, but was will- ing to do so. SEVERANCE TAX VOTED DOWN (Continued IFrrom Page One) other cause was also passed, 26 to 3. The state law enforcement mea- sure senate © after powering th 105—was passed by the storing the provision @ governor to appoint ymimissioners of law ens use this morning suspended ils rules to expedite passage of = Joint memorial to congress urging enactment at this session of the Pyrnell bill, providing for federal assistance for land grant collages in research and experfmentation for ¢he benefit of the agricultural Industry. The senate when the noon recess was taken bad under consideration house 173, the game and fish bill. \niong the amendments approved be- for the recess was the striking out of tho extension of the closed sea- son on game fish to April $0. The Di as amended provides for an open season beginning as under the present law, April first, he house this Morning indefi nitely postponed house 181, authorlz- ing counties to install equipment tor making photographic copies of pub- lc records, The bill left to the Judgment of.euch board of county commissioners decision whether such equipment should be installed but the bill nevertheless met with oppo- sition sufficiently strong to kill {t. 4 committee of the whole house this morning took up for, consider. ttion house 182, the “old age" pen- eagsure but after hearing tho * rend postponed action until r tomorrow, the last day of the ses. sion Senate ton 20, the price standardiza- measure designed to prevent in discriminatory caso of other Wyointng probably’ will be reached house this afternoon, Tho state reserve bani bill, senate fifty three, regarded by many legis. lator# aa one of the more important measures of the session, has hot heen reported back to the house by the corporations committee. The emergence appropriations sure will have the right of way bills on the cloetng day of price fixing me fon,