Casper Daily Tribune Newspaper, March 17, 1925, Page 8

PAGE EIGHT . Oil : Finance OIL CONSERVATION BOARD COMMENDED Address Praising Coolidge Program Heard By American Oil Men’s Association in Meeting at Kansas City KAN “At the time of over-production The a Pre t nd over-refining and when the in f Justry was trying to save itself an t the overflow, the secret ser Callas on the trail of eer and i apparent over-pro- certain government officials ually and unnecessarily predicting a shortage of crude oil about a Mr. Callaghan said that he bellev- | ed the cons board would stop this practice. Trade News 1924 crop. Only 3,576,000 bushels, of wheat or 10 per cent are left. Nearly the entire crop was marketed before BOSTON—Sales of the Pacific] high prices came. Reserves of oats have | are 9,000 a year, the cor === fhe mills are Automobiles. gainst 60) SOMERVILLE, Mass.—Delay in 2 clearing up land titles has held up construction of the new Ford motor sembling plant here, Two urlits are anufacuring | contemplated, the first of which will | business in | be 1,160 feet long, with an estimated the es emand from | cost of $4,000,000, including machin- western farming c nunities is s6|ery and power plant great that some manufacturers are -_ uch as three night Fruit. 681,000 bushels, or 34 per cent d with 44 million last year. mills for the past run at the rate of § PHILAD Jewelers complais tern cities but working a week. NEW ORLEANS — The season's — first carload of Louisiana strawber- oil, ries was sold at Panchaloula at six SHREVEPORT—The dally aver-| dollars a crate, to Charles C. Partou. age production in Louisiana and|The berries were shipped to New Arkansas dropped 995 barrels to 157,-] York. Trainloads will start moving 802 barrels the second week in| north soon March. The number of ngw wells al —— s0 declined from 26 to ‘16, with a Mohair. combined yield of 3,670 barre FORT WORTH—Shearing of the ee goats has begun on the sheep ranges. JENNINGS, La.—This field has| Kids are yielding 4% pounds on an staged a remarkable comeback as a| average while grown goats are mak- producer of oil. Five wells have been | ing 3% pounds. brought in within a month and pro- n now erages e uu Candies. els a day NEW ORLEANS x= The Gelpht ties Candy company, manufacturers of Grain Adonis brand candies, has sold its SPRINGFIELD, Ill.—Corn remain-] business to Joseph M. Meyer and Ing on Illinois farms amounts to W8,-| M. M. Kohlman for approximately 632,000 bushels or 37 per cent of the $19,000. MINNEAPOLIS—The money value business was only slightly larger. of busine Minnesota, North and South De and Wisconsin is re-] GULFPORT, Miss, — Harrison ported to have bene one-fifth larger] county has voted a $1,500,000 bond during the last month than it was a| issue, which will be spent in build year ago, due to d grain and|ing roads and constructing a new livstock ‘prices. Physical volume of] concrete bridge over the bay at Bil- oxi. Foreign Exchange W YORK, March 17.—Foreign changes steady, quotations in cents: Great Britain demand 477%; cables 478; 60 day bills on banks yrov | WYOMING OILS | 90 (1.00 10 12 Boston V Buck Cree ‘olumbine Consol. Roy B. T Williar Gates - ‘ iv4 France demand 5.17; cables Kinney --- OS 5.17 Italy demand 4.0 ables Mount ] ft 1.70 1 Red E unset - Tom Bell Roy West. Ex West. States 1 New York Curb. (2 p. m Standard ¢ Mount. New March 17.—Potatoes, trading, slow; mar- dull; receipts, 85 cars; total U. 72; Wisconsin sack: 1@2.55; fancy | Hamilton Ferris. >| NEW YORK, Byron 80! money, easier; high, 4 Notches ~ SS ling rate, 4; closing bid, Pilot Butte - ig ij; last loan, 3%; call Lander . 4) | against accept es, 3. Time loans Cat Creek swt steady; mixed collateral, 60-90 days {oceans hog PEG 4 444; prime commercial )sa é Grass Creek I ees Greybul) Torchlight LIBERTY BONDS NEW YORK, ch 17.—Liberty a et bonds, closed igs $101.10 first ines, $ second 44s, $100. Butter an sss hird 44s, $101.14; fourth as vernment 44s CHICAGO, March 17.— 2 | 2 ne higher, creamery A5\%c; standards 2 Flour, 1604 11NNEAPOLIS, Minn., March 17 hanged to 30¢ lower ents $8,65@8.90; n $23 oe G2 — S UGAR | Poultry. CHICAG( }. CHICA 11.—Poultry, NEW YORK, March 17.—The de-| > mand for refined sugar today con-| orm of fishing boat ts tinued light with prices unchangi which {s still used by t $6 to $6.20 for fine granulated. Re-| fishermen {n the Cardigan district 4 futures were nominal, of Wales. ‘The boats are very frag Sugar fatures closed steady. Ap-| tle, being made by covering a wicker proximate sales 35,900 tons. March | framework with leather or ollcloth. 98; May 3.04; July $3.19; Septem Eee ee There are half a hundred different ——_ varleties of domestic pigeons, all 7 ford Slice tfwouh descended from ene variety—the & ul | Blue Roc but true that, | litional drill. | that means | Selling Orders Pile Up in Trading on New York NEW YORK, March 17.—Another drastic decline in stock prices, co- incident wtih a further sharp break in grain futures, featured today’s | of financial market. Selling pressure in the stock market centered largely in the specialties, many ef which sold night's closing quotations. The close was weak. Total sales approximated 2,100,000 shares. Blocks of 1, Commercial Solvents A slump Worthington Pump s Pacific 24% and American Hide | later dealin red and United/at 2% t Iron Pipe two each. | to $1.16% es to yield a] Oats started %o to 4% | 44e to 44%%e, and went to 42 xe- | Visions Idaho | Among the many 1 ratic fluctuations marked subse- quent trading. After the initial out- | Corn— burst of selling had subsided, sup: orders were distributed | July Sept porting among the recognized leaders in an effort to arrest the general decline. | Oats— lifting U. 8. Cast Iron Pipe 5 points win, American Can, Allis Chalmers, and Ps points and S. 8. Kresge 10. The ab: later caused a renewal of liquidation and the whole market ran off at a rapid pace, American Locomotive, | May were driven down 3 to 4% points from thelr top pric Pipe dipped 7 points The market staged back in the early leadership of the Norfolk and West- which advan: point each with N: and New Mexico gaining Amert-| Hes $21.50. can Can ralfled from 17 merican Car and Foundry 5 to 2,18. — Flax. DULUTH, Minn., March 17,—Close March $2.7 April 4 $2.75, July $2 Bonds :: DUMB DORA--MORNING, NOON AND NIGHT GOSH DORA; TLL HAVE TD BREAK MN DATE WOH You TONIGHT! LTVE Got Go OVER HE BOOKS AND I'M BOSIER THAN A JAZZ DRUMMER PUYING He ANVIL CHorus — COsM, | WONDER if THAT'S MY HATED RIVAL! CM&NE ANID SDArITS ! THAT KINO OF & BIRO —_______— STOCK IsalEs SAG IN PRICE Exchange. , West ther prefer r more were Maxwe 1 Pipe, Louisian ars Roebuck, § prado Fuel, St. Paul | anothe ing new rec: | Fe demand rling rul- | Mas were témporarily effective, last night's close and Bald Arms, General E fic one to 214 points Wilson preferred rallied 7 cline of 11c a bushel in wheat Arms and Ger ctric s and U.S. renewed at 4 per cent sharp come: f a two polr the Pennsylvania was resuming ne-| 45\c; jens for control. The St. Paul| Rye Also were strong, rising a] othy w Orleans, Texas | @ to 176%, | « May bey Che Casper Daily Tridune Stocks NEWS AND QUOTATIONS BY LEASED WIR Grain :: TUESDAY, MARCH 17, 1925 Y, MAR Livestock :: All Markets BRING YOUR BOOKS ove HERE AND WoRK,cuaARLiE! Moo SIMPLY MUST HEAT THE NEw DANCE. 1 GOT A WALKING STICK SS 4 FAVOR AT THE JEWELERS DINNER ONE TIME. | WHAT DID | EVER Y TIRE Ge SNES Sitka CHICAGO, March 17.—Within a twinkling, wheat prices cents today under a tumultuous rush that overwhelmed market. Efforts on a big scale to escape losses on the part of owners was the chief and immediate factor. three to thirteen points below last} A sensational overturning of quota- tions at Liverpool did much also to pull values here down. Chicago open- ing prices which ranged from 4c to —--- llc lower, with May $1.54 to $1.60 NEW YORK, March 1t—Stock| and July $1.40 to $1.44 were followed prices continued to sag under the|by temporary upturns of about 2c weight of a large volume of selling orders at the opening of today’s mar- shares or more | ated wildly, were quite common in the first few minutes of trading. national corpo from the bottom level, Subsequently the market fluct falling as low as $1 with anoth: and then rising to $1, American Inter-| setback near the end of tion dropped 1%4 to| Export bu 33, duplication the year's low price, and Central Leather touched a new] dia failed low at 16 nd bullish crop advaces from Kansas and from In- to uphold rallies and 4, off 14. Most of the stan-| likewise did reports that liquidations rails and industrials yielded | by fractionally on initial sales. Selling pressure was directed chief- ly against the specialties in the early trading. Crucible Steel Broke 3] Corn and oats plunged downward points in reflection of the failure of directors’ to announce the divi-|to 5%c off, corn dropped to $1 a Lighter receipts of corn tended to ady prices of corn and oats in the large holders was ended. close was unsettled net declin July $1.39 to $1.39%. May $1.52 to $1.53} and with wheat, After opening at 1%c net decline, eign exchanges | Wheat— aly pt May r Cash Grains and Provisions rnoon on the CHICAGO, Ma number 2 hard $1.50. Corn number 2 s to; mixed y on unconfirmed reports that} $1.07@1.11. eed $5.25@6.50, Clover seed $ Lard $17.07. COTTON NEW quiet; middling $15.0 © 1925 Premier Syndicate, Ine.= —5} eat Bean eins tarred Cra Brinn veh ered @ | NOUOLON'T pane VENTORE OU7SIDS - TRYING TO WITH THIS COTFIT ‘ \F THE BOkICM ( HIGH—TONE || SIGHT I'VE WASNT SLi OVER aT THE WHEAT TAKES Livestock” ] [New vor: stocka [4.2 ANOTHER DIP Holders Rush to Sell Chicago as Liverpool Also Slumps. Chicago Prices. CHICAGO, March 17.(U. 8. De- partment of Agriculture)—Hogs—Re- cepits 15,000; very active; 26c to 35c higher; top $14.40; bulk 190 to 300 pound butchers $14.25@14.40; 140 to 160 pound averages largely $13.50@ 15; bulk packing sows $13.25@13.50; majority strong weight slaughter pigs $13@13,25; estimated holdoved 7,000; mostly held off market. Cattle—Receipts 10,000; fed steers and yearlings steady to 25c lower; better grades weighty steers showing decline; very little dorte on heavies; supply moderately liberal; choice kind held around $11.50; best long yearlings $11.80; several loads $11@ 11.35; bulk feed steers of quality and condition to sell at $8.75@10.50; stockers andfeders scarce, firm, bulk $7@8.35; demand for light beef heif- ers moderately scarce, firm, bulk $7@9; some chotce offerings held slightly under $11; bulls weak; prac- tical top heavy bolognas $4.75; veal- ers unevenly lower; comperatively little done; bulk to packers early at $10.50@11.50; few $12@13 to local small killers and shippers, Sheep—Receipts 18,000; extremely dull; few bids on fat lambs 25c to §0c lower; choice handy weights bid upward to $16.75; good 90 pound weights bid $16 to $16.25; no sales of fat sheep; talking 25c to 50c low- feeding lambs weak; early bulk $16.50 to $16.91 Omaha Quotations, OMAHA, Neb., March 17,—(U. 8. tment of Agriculture)—Hogs— Receipts 15,500; 15@20c higher; good and choice 200 to 300 pound butchers $14,15@1 top $14.25; desirable 150 to 200 pound weights $13.75@ 14.10; light lights downward to $13; pac $15.25@ 13.60; practic lly no pigs included Cattle—} pts 8,000; fed ‘steers 1 ws jow; uneven; bulk ings and mediurn hts upward to $11; she stock is tegfy to 25c lower; medium’ weights showing mx bulls steady; veals weak lower; stocker: and feeders dy; bulk butcher nd $4.75@8.75; prac: veal ; few upward to feeders $6.75 cows p—Receipts 11,000; lambs are slow, mostly 50c lower; fow loads of choice $3 to 85 pounders $16.25; bid. ding downward to $14 on. heavies Sheep steady; desirable weight fat ewes $9.5010.25; feeders unevenly lower; no early sales. Denver Prices. DENVER, Colo., March 17,—(U. S. Department of Agriculture)—Hogs Receipts 00; uneven; 10¢ to 4.35 paid for choice 3 i eceipts 1,100; calves several loads cows 1.85; stockers and feeders p—Receipts 5.700; slow; choice ound fat lambs $15,35; others at METALS NEW YORK, March 17.—Copper, easy; electrolytic, spot and futures, 14% to 14%. Tin, easy; spot and fu- 12. Iron, steady; prices un Lead, steady; spot, 9.00. ine, easy; Bast St. Louis, spot a 737, Antimony spc tures. d DUST A MINOTE,DAD! CHARLIES COMNIG OVER AND E'D LIKE TO HAVE You MEET RIM AND SPEND THE EVENING WH OS. HE’s A WONDERFULLY ENTERTAINING, FELLOW Woolworth Allis Chemical and Dye — American Can --.- ae ae 69% American Car and Foundry -- 212 American Locomotive-. = 130% American Sm. and Ref. -. 8054 40 | (Continued From Page One) only the leasing of the reserve might incriminate him. American Sugar ~ American Tel and Tel ex American Tobacco ~--. American Water Works — American Woolen ~ Anaconda Copper ~ Atchison —.---. Atl, Coast Line — Baldwin, Locomotive — Baltimore and Ohio Bethlehem Steel California Pet. Canadain Pacific — Central Leather pfd. — Cerro de Paseo ~ Chandler Motor Shesapeake and Ohio — Chicago and Northwestern « Chicago, Mil., and St. Paul pfd Chicago, R. I. and Pac, Chile Copper Coca Cola — ‘colorado Fuel ‘ongoleum Consolidated ¢ Corn Products Coxden Oit rucible Steel — Cuba Cane Sugar pfd. Davison Chemical ~~ Du Pont de Nemours Erie - Famous Players Genera! Asphalt neral Electrig neral Motors ~ eat Northern pf If States Steel — Houston Oil - Hudson Motors — Illinois Central+ Int. Harvester —_ Int, Mer. Marine Henr Lacey was entitled would in: to a ness shouid witne: 65 |efreu ance ment’s str | te the First. erning 03 in k and Nash Meck Jruck - Marland Oil - Max. Motors A . Mex. Seaboard Oil ~ Mo., Kan. and Tex. — Missouri Pac. pfd Montgomery Ward Nat, Bischit - National Lead .... New York Central -.2_,- 2 -_. N. ¥, N. H, and Hartford ‘orfolk and Western ... North American Northern Pacific - Pacific Oil Pan. Am. Pe Penn nia -. Phila and Rdg. C. Phillips Pet. Pure Oll . Reading - ep. Iron and Reynolds Tobac St. Louls and & l Aid I Sears Roebuck - Sinclair Con Sloss Sheff Steel vutlh puthern Standard Oil, Standard Oj! of N Stewart Warner ~ Studebs ir "Texas Co. Texas and Pacific ~ Tobacco Products. - Transcont Oll — Union Pacific —-. United Drug posited to the | with Fall, dant M the el had «nd Is went Fall Thy - 4% | F 4% | stand, OH, YOU'RE WALT, THAT's Wabash pfd. A Westinghouse Electric - Willys Overland A. Wise, personal attorney for Fall, who had not previously ap- peared among counsel in the Teapot case, at this point was hastily intro- duced to Judge Kennedy by J. W. of counsel for the Mammoth, and went to the rescue of Everhart, stating to the court that the witness tutional guaranty that he m: be compelled to give evidence which riminate lowed a long, and at times what acerimonious, Roberts and Wise criminating evidence and the right ‘old incriminating evidence the conclusion of which’ Judge Ken- nedy adjourned court with the an- nouncement that at 10 o'clock this morning he would announce his de- cision concernring whether the wit- be, or should not be, permitted to stand upon what wit- hess and his counsel held to be the constitutional right in the he interruption’ of the Y am of evidence*cau: Everhart’s refusal the second developed during th evidence by ational bank ¢ with* re t interest coup ns from the id & Catt tion in which ompany, a corpora rhart is interested mmoth company objecte vidence on the ground that it was in no way connected with |transdetion touching the Mammoth the other defendant jtain from these wits tion or the government Kennedy sustained th government | offered other heir chain of proof of the ed passage of the $90, bonds, jection. F ntal | garet | | Britton Osiec,’- Ma 100,000 in-bonds, overnment counsel is stporation to Sine! arted by the defer in their effort to get in mony concerning the bonds at Pueblo, government sel, suddenly changin; had not contemy Everhart before T: ‘all's son-in-law and partner to the | 1444] Everhart answered a few - 1124 Jinary questions, $90,000 in bonds, and GEE, DORA NOUR DADS A PEACH! PUT ON YOUR MONOCLE. YOO/ BUT | (GO AHEAD, LOOK HALE ORESSED SEEN THIS VEAR.] WITHOUT LETS SEE YOU LISTEN WALT! Say —! |) YOUR ELECTION: FELLAS-! YOUR ELECT NONE OF THEIR Business! sponse, “I respectfully decline to an swer on the ground that my answer might incriminate me." “Well, we'll question you about hat,” retorted Roberts» continuing, were you an employe of the gov. ernment in the last few years?” “No sir,’ replied Everhart. “Were you conected with Harry F. Sinclair or Mammoth Oil com: pany?" “No.” “Did you have anything to do with the leasing of Teapot Dome? on “Then if you did anything for Fall you acted as his agent?” “I respectfully decline to answer on the ground that my answer might ineriminate me.” “You say you had no connection with the leasing of Teapot Dome— then how do you figure that an- swering the question would tend to incriminate you." Here Wise was introduced to the court and took up the cudgels in de- fense of the attitude of the harassed witness.” Ensued a brief colloquy between Roberts and Wise, inter- rupted by Judge Kennedy's an nouncement that there would be a recess. of 15 minutes during which counsel might discuss between them- selves ar ménts for presenting ments on the tenability of the witness’ attitude. When court reconvened Roberta plunged into an argument against Everhart's ‘right, under the exist tig cirouumstankes, | toicatae eerec: swer. The mere statement of the witness that his answer might in riminate him was not sufficient Roberts sa jovernment counsel produced several decisions to sustain his contention, these ranging from the trial pf Aaron Burr to a case rising from a poker game in Alas Wis ed with an argument |that the wuthority was jth v {a witness to ence whet hith migh in 1 ibject him to th day, govern usel had presented depo: tions of H. 8, Osler, y sident of the now defunct Coptinental . Tradin company, Ltd., and ral employe in office at nto, taken at an examination at which govern. ment counsel had attempted to ob. informa the identity of th ic Warrant hold ation and of pe corporation, aft tion con sons to whom t jits deal in more than §,00,000,000 barrels of ofl which it purchased |fcom the Humphr mpanies, had | dist s the form of | Liberty be Depositions other |than those of Osler, the make | which like Osler de to answer I rm sel's que r Morley H. Bruel iid W. Boston Norman Strickland and Louis | which developed the information Continental | sought by government counsel. were »| Not read in court but merely placed record, Judge Kennedy hayir previously read them tn n eedings” preceeding th Ml of the Teapot Dome suit. De counsel reserved the right to any and all portions of the counsel admitted af. Yournment of court that if impossible to get the evi lesired from rhart the 1 be serious ted that tin event Tall would not tf called Lat