Casper Daily Tribune Newspaper, March 8, 1925, Page 11

SUNDAY, MARCH 8, 1925 Oil 3 WEEK IS MARKED BY TUMBLE IN WHEAT PRICES AT CHICAGO Rally at Opening of Short Session Saturday Is Short Lived and Drop of 22 Cents Is Recorded for Week in May. CHICAGO, March 7.—Price ad varices based on improved export dé- mand Were canveélled in today’s short session of the gtain exehange when selling broadened in late trading and May whéat was carried down to $1.80%; approximately five cents under the day's high mark. July Sold at $1.6214 at the close, Corn and oats followed the trend of Wheat, May closing at $1.28% and Suly at $1319 Tha week witnessed one crash af- tér another in grain values, starting from a high of $2.02 a bushel for May wheat on Monday and landing at a low mark on Friday of $1.80. Estimates showing a failing off in requirements for American consum- ers was responsible ior the drop, al- though unexpected shipments from Burope also encouraged selling. Crossing of the $2 mark early in the Week was tho result of reports that domestic farm stocks of wheat were the smidllest it 20 years. Values also were hoisted by rumors of crop damage fronr excessive dry acreage but aif these reports later were off- MIDDLE WEST TO SEE GOOD YEAR—BABSON Statistician Reviews Conditions in Many States From Standpoint of Industrial Activities And Crop Returns. BABSON PARK, Fla., March 7.— Roger W. Babson, who js now at his winter home in Florida, today {ssued the third instalment of his Annual Report on Business Conditions, which treats of conditions in the thirteon middie western state, “Conditions in most of the middle ‘western states are very much better than last year at this time,” says the statistician. “It is true that Iowa, Nebraska and certain other corn states have not yet benefited much from the higher cereal prices, owing to.the small. corn crop. But certain wheat states, such as the Dakotas and Minnesota, afe in very much better condition than they have been for years. On my recent visit to Min- nesota 1 found more optimism there than I have seen Since 1918. Briefly the situation today in these thirteen states is as follows “Michigan—Betterment is gradual. ‘The state {s rather quiet at the pres- ent time though there is some tend- ency to increase production and forces among the automobile plants. The copper districts especially are feeling better, As copper prices prom- ise to be higher in 1925 than in 1924, this will benefit Michigan. As to automibeles, I belleve that most of the manufacturers will be satisfied it they can hold the 1925 output up to the 1924 figures, \ ‘Qhio—Main tendencies slightly better. The automobile industry is operating considerably below capac- ity; but the tire business is very g004. Building, however, ts not today as active as it was—due largely to seasonal conditions—and there is some unemployment among the un- skilled, “IMinois—Trend upward and fatr- ly firm. Many industries are still quiet, but some mercantile lines are doing a better business. Meat pack- ing, mining and other lines, which have been very slow the past three years, are looking upward. Steel fur- naces which have been out of com- mission are again being started up Road building is still holding strong. “Indiana—Moderate tmprovement the steel people nd are optimistic regarding 1 , however, was dis- appointed to see such unemployment in the con} rections of southern In- diana. “Wisconsin—Trend slowly upward, Conditions are fairly good in Wiscon- sin. The boot and shoe industry, which has been quiet so long,.is re- viving; road building 1s very active; and general industry 1s on the mend. The dairy interests, which are be- coming very large, look for a good year in 19) “Kentuel -- Conditions fairly good, Employment gains are ins volved in iron and steel plants; lum- ber; tobacco and paper. Coal mining EE ae Finzace Bonds OIL SECURITIES Bessomer ~-..-. Boston Wyoming Buck Creek ++ Bufke ..----..-..... Blackstone Salt Cheek Chappéll -.-1.4. Columbine --... Central Pipe -.-... Consolidated Royalt Kinney Coastal Lance Creek Roy Mountain and Guif ... Picardy PrestOW® .s220ssscensce Red Bank . Royalty arid Set_ by curtallment of needs. Today's range of grain and pro- vision prices follows: Wheat Opeh High Low Close May «188% 185 177 180% duly + 1.6344 °1.65% 1.59 1.62% Sept. = 1.51% 1.52% 147% 1.49% Corn— May . July Sept. ... Oats— May « July « Sept. Rye— May consumers’ Western Exploration Western States Yl sees. eonee 29% 1.80% 1.27 82%, 192% 1.30 31 1.28% 1.31% 1.31% 1.29% 1.30% Mountain Producets — Glenrock Oil .s2...... Salt Creek Prod: ...... Salt Creek Cons. ~-.... New York Off -..---... Continental ...s-sesee 8. O. Indiana - 5% 52% 52% « 152% 1.544 1.48% 1.50% Tiy «4... 18T 138% 139 1.338% Sept. ...1.22 1.244% 1.20 1.21% Lard— May 11,00 16.80 16.82 July ..4417.85 17.80' 17.23 Ribs— May 18:70 July... .18.75 Betlies— May 20.80 July ....21.00 27.50 66.60 Standard Qil Stocks 19% 14,10 1 nr Anglo American Oi} 2... Borne Sérymser Buckeye +-.+---------. Chesebrough Mfg. ~ Chesebrough pfd. ... 1 Continental -..~. Crescent ~-. Cumberland 12% 248 66 59% 18:70 18.80 18.66 18.76 18.55 18.70 20.90 21.00 20.78 29.96 20.75 <, 20.99 a8 ae Gal. Sig. Old pfd. -.. Gal. Sig New pfd. Illinois Pipe « Indiana Pipe National Transit 23 w York Transit - 5 Northern Pipa ~ 85 Ohio OM 72 Penn. Mex. 41 Prairie Pipe —s.- 122 Solar Refg. «. 230 So, Pipe 86 So. Penn Oil .--.. 183 8. W. Penn Oil 78 8. O. Ind. 8. O. Ohio «. S. O, Ohio pfd. .~. Swan and Finch Imperial ~.....-.. Washington 8. O. Net CRUDE Big Muddy -. Mule Creek .. Sunburst . Hamilton Dome -~------------= Werris - - Byron -..-- Notches ~ -----~----------—---= Pilot Butte Lander . Cat Creek ----------~—------—- Lance Creek % is much more active and some mines are now working full time. Even the textile industry in Kentucky is mak- ing @ somewhat better showing. “Yowa and Nebraska — Recovery more marked. These states still have some unemployment. Road building and other outdoor activities have been impeded, and merchants are not yet spegding any more money than necessary, Mortgage maturities in March will be an interesting test of conditions. The farmers of Iowa and Nebraska are awaiting the 1925 crop before purchasing with entire freedom. What the new crop will be, no one knows, but the experts are prophesying a fa&ly good income for the farmer. “Missourl—Fairly firm with trend upwards. A distinct increase in in- dustrial employment is noted. Skill- ed labor is well employed although there is some unemployment amongst the unskilled. Increased prices for Jead and zinc should give marked &fimtlus to this industry. “North and South Dakota—Mark- ed improvement. Business ts always quiet in these states during the win- ter months: Hence there fg still a surplus of labor, Fundamental condi- tions, however, are better than has been the case for years, The Dakotas have turned the corner and are look- ing upward. “Kansas and Minnesota—Very fa yorable trend, Kansas and Minne+ sota are among the states which have made the most pronounced progress during the past twelve months, Both of these states are looking forward with optimism to 1925 and certainly prospects justify this better feeling. “For the country at iarse, farmers should receive for the 1924-25 season about 9 per cent more money than they did the preceding year. This confirms the more optimistic att! tude of last summer, but falls far short of some of the extravagant forecasts circulated at that time, The farmers’ situation has undeniably improved, but he is not yet rolling in wealth, The best informed sales managers favor moderate carhpaigns in selected farming regions during the first part of 1925. Whether these campaigns should be continued throughout the year depends, of course, upon the new crops and their prices. Among the agricultural states which statistics suggest to be most favorable territory are Minne. sota, the Dakotas, Kansas and Okla- homa. This improvement in the mid- dle west, even though not as great as reported, accounts in great mea- sure for the better feeling through. put the country as a whole. This is being evidenced‘ every week by the development of the Babsonchart which now stands at 5 per cent above normal compared with 2 per cent below normal a year ago.” 254 11 a 31 35 263, 2346 30% 32 - 262 MARKET 1.60 1.25 1.20 1.05 1.05 1.30 65 5014 70 2.00 195 1.95 2.00 2.00 2.00 2.00 1.70 1.60 Us ge -.. —e Gras Creek Light Greybull - -----~.------------- Torehlight = Elk Basin Rock Creek Salt Creek peeh cetacean WATER PROOF, The distributer of electrical eur- rent to fire the charges in Stude- baker automobile engines is now carried under a completely water- proof covering; even the spark plugs carry a rwbber insulator cap. A care- less. car washer can't “short your motor, A pail of water dumped over it, means. nothing. Commodity (Copyright 1925, The Casper Tribune) Dry Goods ST. LOUIS—Retall dry goods dealers here report February busi- ness better than January but not 0 g00c as the same month last year: Shoe dealers also report sales slight- ly under those of a year ago. Cloth- ing and shoe jobbers report heavier buying orders from interior farm- ing districts than from larger cer ters of population Tobacco PHILADELPHIA — Demand for cigars is fair, with the five center and clats C grades in excellent re- quest, Prices are firm and finished stocks are moderate. Factories are operating at an average of 86 per cent of capacity. Automobiles BOSTON-—The Boston and Maine Railroad has announced that if per- mitted to abandon unproductive lines In Massachusetts, {: will sub- stitute bus Hnes to serve communi- BUSINESS BRIEFS ST, LOUIS—President Johnson of tho Liberty Cenral Trust company said today that the currents of bus- iness were moying-in the right dl- rection and that accepted indicators register at normal or above. Pres- ident Kurn of the “St. Louis and San Francisco Railway said he ex- pected net earnings tor increase 16 percent this year, owing to reduced costs of operation. CASPER TO TOWNSEND HOTEL RAWLINS STAGE CARS LEAVE DAILY AT 9:30 A. M. Saves you approximately 12 hours travel between Casper and Rawlins WYOMING MOTORWAY Salt Creek Transportation Company's Office tles so cut off. CLEVELAND—Automobiie opera tions are somewhat larger than at any time this year. One producer here says operations are being re- terded use body builders are behind with deliveries. This com- pany follows a policy of building only enough cars to fill require. ments and thie is taken os an indi- cation of a substantial increase in orders. CHICAGO—The Northern Indiana Gae ond Electric company serving 100,000 customers with cas and 4,800 with electricity reports gross oper- ating revenue for tho last year of $8,105,000 compared with $7,624,889 in 1923, Net earnings were $1,- 893,000 compared with $1,354,400 for 1923, Steel PITTSBURGH—The steel market showed further weakness In the laat vweek. Heavy melting steel is quot- ed down to $18 compared with a price of $22.50 a short time ago. Try Tribune Want Ads for Results he Casper Stinday Cribtine tocks ee ee Grain Livestock S AND QUOTATIONS BY LEASED WIR’ New Yerk Stocks Last Sele By Wilson-Craniner & Company Allis Chemfeat and Dye 89 American Can: «+ <de2+ 151% American Car and Foundry American Locomotive ~+ American Sm. and Ref, -. American Sugar American Tel and Tel. American Tobaeco ~ American Water Works American Woolen - Anaconda Copper - Atchigon -... Atl Coast Line = Baldwin Locomotive :- Baltithore and Ohio Bethlehem Steel Calffornia Pet. ~ Canadian Pacific - Central Leather pfa. - Cerro de Pasco -«. Chandler Motor -a« Chesapeake and Ohio ss. Chieag@ and Northwestern Chicago, Mil, and St. P: Chicago, F and Pa’ Chile Copper . Coca Cola Colorade’ Fuel Congoletim « Consolidated Gas Corn Products Cosden Ott -- Crucible Steel Davison Chemical Dut Pont de Nemours - Erie Famous Players . General Asphalt - General Electrio General Motors .. Great Northern pfds «. Gulf States Steel Houston On . Hudson Motors Illinois Central Int. Harvester ~ Int. Mer. Mar. pfa. . Kelly Springfield Kennecott Copper ..-... Lehigh Valley ~ Louisville and Nashville Mack Truck -s2-s.ss.--. Marland Oi} ..... Max, Motors A Mex. Seaboard Oil Mo., Kan and Tex. Missouri Pacific ptd. National Biscuit <. National Lead .. New York Central .....-. N. Y., N. H., and Hartford -. Norfolk and Western .... North American ~ Northern Pacific ~. Pacific Oil .. Pan American ePt. B Pennsylvania Phila. and Phillips Pet. ~. Pure Oil , Reading .. Rep. Iron and Steel IRREGULARITY MARKS TRADING IN STOCKS Many Issues Recover From Selling Movement Earlier in Week but Others Continue to Lose Ground on Saturday. NEW YORK, March 7.—Good buy- | ing support for the selling mi ment launched in this week's stock after prices had reached new brought about | very in. many others lost ground and the ¢ of today's brief period of trading found the market easy with total sales for the day standing at the 700,000 mhark. Selling by professional trad- Constructivé among the neWs was an incréase In the ann dend rate by the Ame: ive company, declaration of a k dividend by American , continuation of car loadings, declines in crude ofl production and an increase stecl mill operations, Several rail road and Industrial companies also reported large earninge ps irr issues current in| in dollars to meet foreign {ntérest charges fr each of these five preced- ing years and finally a statement of tha nation’s merchandise fmporte und exports for the same period. Thié is not only fair but fs what is asked of the corporate or indt vidual borrower when he comes {hte the market. Detailed answers to these quéstions do not In themselves assure safety but thoy do make it cartain that Investors shall not foan thelr money without clearly under. standing the nature of thé commit ment. which tended lend stability to tradin: ors was unexpected for the most bid and followed a run of “good | included presi inauguration dress. In the financial week was an part whieh the imutatio th news" dent's portant opments of Heavy a nt mark hile bu course of trad ah monstrations } also noted in the of} shares. r cent in the B long period of relative ount rate, appar-| United States Steel cro ently authe iy an éftort to f6- | several. strong. apote’ daveloped tain American balances in public utility, merchandising, pending restitution of the'go! ber and motor shares. advance was lacking. the crease to five pi of England's re¢ nk ir iti rub Uniformi ign Loans.} vestments in foreign securities. Th was taken the|risk can and should be limited, how other day by the New Yorlf stock | and that is what the exchang Exchango for the protection of} planning to do through the American inveators in foreign gov-| set of requirements It has drawn up ernment loans, Trading in these] for the listing of these new foreign securities has now reached the| bonds. largest total in the history of the country and new issues are being added almost weekly. As this being written it is estimated that} the amount of new loans which for eign states are asking may $2,000,000,000. Some of these re quests undoubtedly will be denied by the bankers but many of them will be granted and the securities will be offered to the American in- vesting public, This unprecedented increase makes {t all the more importent not on to the individual {Investor but to th investment banker that pre caution be taken to eliminate doubt- ful loans, At the best there is and will be risk connected with these in- Safeguards Around Fo An {important ‘The intention is to make available investors all the pertinent facts the borrowing country’s uestionnaire includes nt of the present and external but a facts as regarded ‘owings. A forelgn wisties hereafter to have its dollar bonds Isted in this country will Have to tell just when defaulted on any previous issue, if ¢ nd when if ever there has been any sealing down of interest payments of suspending of sinking fund requirements. In addition there must be a statement of its in« nd expenditures for tho pre- x five years, the sum required to regarding ances. {s t only a rea internal 4 of the nation which Reynolds Tobacco B St. Louis and San Fran, Seaboard Air Line Sears Roebuck Sinclair Con. Sloss Sheff Steel ~. Southern Pacific ~ Southern Raliway Standard Oil, Cal. -.. Standard Oil N. J. Stewart Warner Studebaker - Texas Co. Texas and Pacific Tobacco Products - Transcont. Oil - Union Pacific United Drug U, 8. Cast Iron Pipe U. 8. Ind, Alcohol - U. 8. Rubber -.. U,"8. Steel . Utah Copper - Wabash pfd. A Westinghouse Willys Overland Woolworth ~ Te News Clothing KANSAC CITY—There {s a con- tinuous and heavy demand for work clothing from this territory and manufacturers expect a big season in children's play suits. Large stocks of suspender dresses are on y in women’s ready to wear Eggs HOUSTON,—As a res t he receipts, the wholesale here has dropped to Brick KANSAS CITY—The cc the brick for the new Sears Roe- buck plant here enlls for 2,560,00 tapestry brick, the largest single order ever placed west of Chicago. The cost will be $75,000. Sh ited et a PAN-AMERIGINS IN AGRICULTURAL MOVIE rice of exes ntract for AND HOWTO CARE FOR IT By EH Scott What Do You Know About Four Wheel Brakes? Brakes on all four wheels have been used on European cars for a number of years, but it is only within the last two or three years that they have been adopted to any extent on American automobiles. They are now fitted as standard equipment on a large number of cars and are offered as optional equipment on most cars that do not as yet fit them as standard. A few weeks ago the writer carried out a series of tests to find out just what difference there was between a car braked on all four wheels and one that used rear brakes only. These tests were made to enable me to reply to numerous readers who have written asking for this information, The first series of tests were car- ried out on a dry concrete highway and consisted-of stops while travel- ing at various speeds. A marker was set up at the side of the road and an observer gave the writer the signal when exactly opposite this marker, then the brakes were applied. The tests were made first at 10 miles an hour then at 20, 30 and 40 miles an hour, using brakes on all four wheels, The front wheel brakes were then discon- nected and stops were made at the same speeds using the brakes on the rear wheels only. It was found that the average stop at 10 miles an hour with fourwheel brakes was 5 ft. 6 ins. while rear wheel brakes required 9 ft At 20 miles an hour the four wheel brakes pulled us up within 22 ft. while it required 36 {t. to do it with rear wheel brakes o At miles an hour, f wheel brakes brought the car to a standstill within 51 ft. while heel brakes took 80 ft. At 40 miles an hour, four whee! brakes stopped th r within 85 ft, while rear wheel brakes t 140 ft. From these figures can see that four wheel brake: bout two- 3 will stop a car in just thirds the distance it is possible to stop in when using rear whee) brakes only. Under ordinary driving condi- tions rear wheel brakes are per- fectly satisfactory, b when the necessity arrives to make a sudden. quick stop or where the road is fery greasy four wheel brakes give you-jnst- the margin of safety you need to prevent an accident. Say you are traveling at 20 miles an hour and a child suddenly, starts to cross the road a few yards in front of you, with four wheel brakes you can bring your car to a standstill within a little more than two car lengths, whereas with brakes on the rear wheels only, it takes over TESTING FOUR WHEEL Cg Vacs SIGNAL WAS GIVEN WHEN DIRECTLY OPPOSITE MARKER, THEN DISTANCE MEASURED FROM IT TO POINT WHERE CAR STOPPED. 2 you TESTING EFFECT OF FOUR WHEEL BRAKES ON STEERING ‘a / of 4 aot at Fe ay HANDS WERE TAKEN OFF STEERING WHEEL AND BRAKES APPLIED AT 30 MILES AN HOUR, Motion pictures of the P: ean highway commission being exhibited by the t partment of Agriculture, The mission visited the United States} last summer to study the highways | of North America,” Organtzations | desiring to use the films can make | arrangements through tho depart of agriculture, Washington com: | —_—_—_—— WIRES ARE COVERED. Every electrical wire in the Stude Many are predicting $17. PARE—$12.50 Lainber ATLANTA—Retall lumber dealers continue to stock up tn anticipation of a heavy building program this spring. Prices are firming up and are expectedgto rise when the work wets under way, PHONE 144 baker car is carried through a@ flex- ible metal conduit, which protects the wire from moisture, heat, ol! and damage. Terminals are attached and | soldered with care, These wirings get @ class A” rating from insurance companies, | | Ais aad eats cal For-reaulte try «' Tribune Class! fied Ad. 5 to pull up in. The second serics of test weremade on a greasy stretch of road | and these were yery ng. As you probably know if your car ped with brakes on the rear wheels only you require to app! y gently to avoid skidding. I already knew from experience | that it was practically impossible to make a car skid when it is handled properly and has four wheel brakes that were properly adjusted. This was the first time, however, that I had deliberately made tests at vary- ing speeds. The tests were started at 10 miles an hour and went on up to 40 miles an ho At all speeds up to 30 miles there was no sigh of a skid. At 40 miles an hour a very slight skid started when the brakes’ were applied but this was very easily corrected. To test the effect of front wheel brakes on the steering, a test was made at 30 miles an hour, the hands being taken off the steering wheel as soon as the brakes were applied. The only effect noticed was that we stopped about 4 ft. nearer the side of the road than we were when we started to apply the brakes: Another test was made by tak- ing a corner while traveling at miles an hour then applying the brakes just as the corner was being rounded, This had absolutely no | effect on the steering. These two tests appear to prove tha’ the action of the front wheel brakes have no noticeable effect on the steering, One advantage of four wheel brakes that will be appreciated by the average owner is the fact that they require adjusting only at long intervals as the wear on the brake lining is diyided between four brake bands instead of two r new | to} PAGE ELEVEN All Markets HAS EXTRA “LOCK” Do all new Studebaker motor car owners know they have an extra ‘ Jock" on theif cars? There's a shut- valve betwéen the vacuum tank and the carburetor. Turning {t off will kéep an automobile theff guese- frig at what's that matter for # few minutéesAt ledst, and {t increases e safety of your cfr. ee a& Tribune Classi- || Dollar Steps to Success I The time comes in every life when a little ready money would mean the grasping of a genuine opportunity. Postponement is dangerous. ings account | achievement. After that, | | | is The accumulation We ask you to make the start soon. A sav- a stairway to start counts. is easy. Capitalize today by being sure of your first step. 36 Years of Service The other steps will | build up rapidly! CASPER NATIONAL BANK May We Serve You OFFICERS AND DIRECTORS P. C. Nicolaysen, Pres, Q. K. Deaver, Vice-Pres. H. J. Walter, Ass't. Cashier, R. E. Barton, Ass't Cashier. never out an h a succe As a sudden light, electric north wind doesn’t make much of at.th mattér darkness of storm that brings a increase Ever} switches, and Patrick Sullivan, Chairman Board of Directors G, R. Hagens, Vice-Pres, ©, H, MeFarland, Cashier. H. J. Clare, Asa’t Cashier. Robt. Grieve, director, Even the North Wind Can’t Blow It Out There is an old reliable joke about blowing out lights, but you of any one blowing light, Even the t i Through wind and rain your electric light still burns bright. In stormy weather or fair weather the Light and Power Company sees to that. of fact it is the in the use of ybody is snapping on the electric com- pany must respond instantly. your call. weather, Human brains Men and machines ready at Linemen up the poles in nasty eyes and hands and alert all around the clock —that’s what vour lighting com- pany means by service. Natrona Power Company