Casper Daily Tribune Newspaper, March 18, 1925, Page 9

WEDNESDAY, MARCH 18, 1925 Oil :: Finance (Copyright 1925, The Casper Tribune) Grain TOPEKA—The new Kansas wheat crop is in as good condition as it ever was at this period in any year. Condition ts reported as better than the five year average in Missour!l, Itnois, Nebraska and Colorado. Flour MINNEAPOLIS—The price of bread, advanced In many cities fol- lowing the rise of wheat, is expect- ed to drop thie-spring, with declin- ing costs. Flour is under $9 a bar- rel at Minneapolis for the firat time {n several months, a Coal DENV2R—The Colorado Fuel Co. has reduced wages of coal miners 20 per cent to $6.50 a day at the re- quest of the miners, who believed low coal prices, thus made possible, would stimulate sales and give them steadier work, : Textiles AUGUSTA, Me—The Edwards Manufacturing company expects to reach capacity operation within a few days. More than 1800 looms are now running and the card room already is on full time, as are por- tions of the weaving and spinning room. MANCHESTER, N. H.—Operations at the Amoskeag mills have been slotved down the past few days by an epidemic of influenza among em- ployees. More than 1,000 workers were absent on one day, Commodity Trade News Automobiles DETROIT—Officials of the Fisher Body Cerporation predicted today that the percentage of closed auto+ mobiles produced this year would be close to 75 per cent of the total pas- senger car output. Excluding Ford, the figure would be about 80 per cent, : SAN FRANCISCO—Shipments of new automobiles into California are proceeding at the rate of almost 200 carloads a week, according to rail- road freight reports. Sales of med- {um priced cars are the heaviest on record. Coal BLOOMINGTON, Il.—The C, W. & F. mine at South Wilmington has closed. It was the last mine in the bituminous region which thirty years ago was the richest in Ilinols. Clothing NEW YORK,—New York’s dress manufacturing industry, tled up for a week by a strike of thirty opera- tives, resumed work on Easter gar- ments today under a compromise agreement. Differences as to when a new wage scale, agreed upon last month, should go into effect, caused the suspension, Building Materials PHILADELPHIA — Stocks of slate are moderate and quarries are working at 75 per cent of capacity. Brick plants are on a 55 per cent basis and unfilled orders for paint from local manufacturers have in- creased, Lumber mills are working at 80 per cent of capacit; SHEPHERD AND FAIMAN TOBE PUT ON TRIAL (Continued From Page One) and Charles C. Faiman for the mur- der of Willlam Nelson McClintock contained 22 counts, each count placing the date of the inoculation as November 15, 1924, and the death as December 4, 1924. ‘The following !s a summary of the counts: 1.—Defendants did give and minister typho!d bacilli, 2.—Defendants did give and minister a certain deadly poison, scription unknown. 3.—Defendants did inoculate the body with a certain noxious, deadly and mortal fever known as typhoid fever. 4.—Did inoculate the body with a fever known as typhoid fever. 6.—Did communicate to body fever, description unknown. 7.—Did infuse, mix and mingle with food and drink certain typhold bacilli, a. deadly poison, 8.—Same, described as typhoid bacilli, deadly disease germs. 9.—Did give and administer acon: ite and typhoid bacteria, which in- oculated the body with a mortal fever. 10.—Did give and administer prus- acid and typhoid bacteria which sduced a mortal fever. 11.—Did give and administer mor- phine and typhoid bacteria which produced a mortal fever. 12-—Did give and administer ac- onlte and typhoid bacteria which produced mortal fever. 19.—Did give and administer acon- ite, a deadly poison. 14,—Did give and administer prus- sie acid, a deadly poison. 15.—Did give and administer mor- phine, a deadly poison. 17.—Short form of count charg: ing poisoning to ‘kill and murder,’ 18.—Murder by means unknown. 19, 20, 21 and 22.—Were respec: tively the same as counts 9, 10, 11 and 12, except that the word typhoid was substituted for mortal. ad- ad- de- a 5 PSYCHOLOGY USED BY _ OLSON TO SOLVE CRIME. CHICAGO, March 18.—(By the As- ed Press)—Psychology, thru lge Harry Oleon of the municipal irt, has played an important part the gation of the death by typhoid William McClintock, millionaire orphan, The judge, @ nationally known psychologist, es- blished the psychopathic lubora- tory in connection with the court, of which he has been chief justice for 20 year! Judge Olson has been tho nemesis of William D. Shepherd, foster fa- ther of “Billy McClintock and chief helr to the McClintock millions by a purported will, It was the judge who presented evidence of Shep- herd’s alleged interest in germs at the coroner's inquest. The jurist uiso declared a finding of death by typhoid fever did not preclude a of death by criminal inocu- Yot the judicial nemesis of Shep: herd—himself a lawyer—has sald: 'This {s not a hanging case.” Through Judge Olson, two psy- s have become interested in Leon H. Whitney of Northampton, Massachusetts, and New Haven, Connecticut, secretary of the Eugenics society of the Unit- ed States, obrerved Shepherd at the Inquest session. Professor Louis M cholo the case Terman of Leland Stanford unl- versity in correspondence with Ol- son wrote that newspaper photo- graphs of Shepherd resembled” & youth named William Darling Shep- herd whom he had known years ago That {n Johnson county, Indiana. is Shepherd's full name and he came from southern Indiana “Premeditated niurders are gen: committed by mental dete v Judge Olson gaid r He has held to the theory that many murderers executed or im prisoned should receive seperate and humane treatment, Judge Olson in his youth knew Mrs. Emma Nelson McClintock, mother of the orphan, in St. Mary's, Kansas. When she died suddenly, 16 years ago, while living with Shepherd and his wife, her son was left in their care. Judge Olson has called into question the deaths of Mrs. McClintock, his own brother, Dr, Oscar Olson, and lastly, that of the boy. Dr. Olson died three years ago, shortly after Shepherd visited him, Judge Olson has declared. Dr. Olson had been a friend and confi- dant of the boy. Judge Olson produced Charles C. Faiman, head of the school known as the National University of Sciences, who has confessed to the state's attorney that Shepherd studied under him how to inoculate a human being with typhoid germs. The judge said he had Faiman at the inquest for the effect his pres- ence would have on Shepherd but he did not call him as a witness. All his psycholpsy of the case has been upheld, Judge Olson asserted by developments this far, SENATE WINDS PITS WORK (Continued From Page One) just four hours after it had been re- ceived following the publication of correspondence disclosing that Mr. Warren had declined the offer of a recess appointment. Approval was given without debate after the ju- diciary committee, to which the nomination was referred, had dis- cussed it for only a little more than half an hour, Leaders planned to have the sen- ate adjourn sine die today after clearing the calendar of a few re- maining nominations. Born on a farm near Ludlow, on October 13, 1860, Mr. Sargent recelv- ed his education at schools in the vicinity and then attended Tufts college, from which he graduated with a bachelor of arts degree in 1887. Later studying law, he was admitted to the Vermont bar in 1890 and some time after became « member of the law firm of Stickney, Sargent and Skeels. His first ser- vice in public office was as state's attorney for Windsor county from 1898 to 1900. POTATOES CHICAGO, March arly morning trading slow; market slightly weaker; receipts, 41 cars; total U, 8 shipments, 894; Wiscon- sin sacked round whites, mostly $1.00@1.05; bulk, $1.20; sacked kinds, 18,—Potatoes, 90c; South Dakota sacked round whites, $1.0 sacked Red River Obios, $1.30. ST Te Butter and Eggs CHICAGO, March 18.— Butter, higher; creamery extras, 9c; stand ards, 49c; extra firsts, 461% @48e; tirsta, 40'4@44%o; seconds, 34@36c. , lower; recelpts, 11,378 cases; 28% @29c; ordinary firsts, NEW YORK, March 8,.—Butter oa Receipts 8,712. Creamery higher than extras 48% @49c. Begs unsettled; recelpts 25,172. Fresh gathered extra firsts 31@31 %e Pacific Coast whites extras 39@40c; ditto firsts to extra firsts 34@38e. Cheese firm; receipts 98,722 pounds METALS NEW YORK, March 18.—Copper easy; clectrolyc spot and futures, 144 @14%; tin, easier; spot and fu tutures, 63.00; tron, steady; prites, unchanged; lead, steady; apot, $9.00 zinc, easier; East St, Louls, epot and futures, $7.25@7,30; antimony spot, $15.25 @15,50. Bonds New York Stocks Last Bale All, Chem. & Dye ------.----- 84 American Can ATL Am, Car & Fidy. -.-~..---------209 Am. Locomotive --.-----------130% Am. Sm, & Ref. -------.------ 94 Am, Sugar Am. Tel. & Tel. AM, Tobacco <<secnseenes-= 87% Am. Water Wks. --. Woolen ewcecen= 42 Atl, Coast Line ~.----.-------157 Baldwin Loco -----------------125% Balt. & Ohio —-.----------20--- 78%: Bethlehem Sti. ~-....-----.--- 40 California Pet. ~..----------—— 27% Canadian Pac. ......--2-----146% Cent. Leath. pid. ---------. 53% Cerro de Pasco. --~-~---------0 45 Chandler Motor -~.---.------- 31% Chesapeake & Ohio -.... 92% Chic & Northwestern --.--.-. 63 Chic. Mil. & St. Paul pfd. -.- 10% Chic. R. I. & Pac. ..--. 88% Chile Copper - 31% Coca. Cola ~..-+----+---- 87% Colorado Fuel ~.----.------. 35% Congoleum ---~--.------. 5 Consolidated Gas ~... Corn Products Cosden Oil -..--------. Crucible Steel ---...... Cuba Cane Sug. pfd. -. Davison Chem. ------------. Du Pont de Nem «----------138%4 Eris ------------------------+ 2944 Famous-Players General Asphalt General Electric General Motors ~~~. Gt. Northern pfd. ~----------- 63% Gulf States Steel -. - 13 Hudson Motors Houston Oil --.---. Illinois Central -~-. Int, Harvester .... Int. Mer. Mar. pfd. Kelly-Springfield Kennecott Cop -~. Lehigh Valley - Louisville & Nash -.--. Mack Truck ----. Marland Oil Max. Motors Mex. Seaboard Oil Mo., Kan, & Tex. ------. Missour! Pac. pfd ----. Montgomery Ward Nat. Biscuit weccwcccnenene 93 eocccecene 46 Northern Pacific Pacific Oil Pan. Am. Pet. Pennsylvania Phila. Ra. C. Phillips Pet. Pure Oil Reading ----. Rep. Ir & Steel Reynolds: Tob. St. L. & San Fran. Seaboard Air Line - Sears Roebuck Sinclair Con. Sloss-Sheff. Steel -- 83% Southern Pacific --- 101 Southern Ry ---.~--- 85 Standard Oil, Cal. woeeee= 58% Standard Oll, N, J. ------ Stewart Warner Studebaker ------------------- Texas 0, -------. Texas & Pacific ‘Tobacco Products Transcont. Oil Union Pacific ---- United Drug - U. 8. Cast Ir. Pipe U. & Ind. Alcohol U. 8, Rubber --. Wabash pfd “A” Westinghouse Elec. --..--. Willys-Overland Woolworth wcccequocgiovecsenenllé WYOMING OILS CASPER OIL STOCKS (Quotations by Blas Vucurevich, Broker) 5 208 Consolidated Royalty Bldg. Bid Ask Western Exploration 2.90 3.05 Consolidated Royalty -.1.10, 1.11 Central Pipeline 45.55 E. T, Willlanis ----.--- 12° 13 Bessemer -.. 15 -16 Western States 18 4 Kinney Coastal 07% .08 Columbine ~ 07.08 Jupiter 0b% 07 Bikhorn ~ 02 Domino ~ 05% Royalty Producers ---- .04% OLY OL ol Sunset Pleardy ~ Atlantic Petroleum -. Great Northern .. 00% Quaker Oil .-.---. 1% Preston Oil 00% CURB STOCKS, Mountain Producers Salt Creek Producers Continental New York Oil .. Salt Creek Consolidated & OL - Big Muddy . Mule Creek ----eenesmnnce. Sunburst Harmllton DOME --se-nconssenee Werris - Byron NOtCheB 2 ao -ennnennenens noon: Pilot Butte ~ Lander . Cat Creek Lance Creek Osage Grasse Creek, light ireybull ~ see TOPOHEht 2 cenenwccewenccenen 2.00 Wik Basin o..... eee 8.19 Rooks Croek Sait Creek For resulta try fied Ad. & Tribune :Clasal, Che Ca Stocks ‘STOCKS RALLY ON EXCHANGE Discounting of Milwaukee Receivership News Brings Upturn NEW. YORK, March 18,—Stock prices rallied briskly at the opening of today's market, which was ap- parently: Httle affected by the pass- ing of the St. Paul rallway into the Lands of its creditors. Leading rail- road and industrial shares rose one to 2% points as buying orders were spread over the list. The St. Paul common opened unchanged at § and the preferred stock declined frac- tionally to its previous low of 13%. With the, “bad news" concerning the St. Paul's financial readjust- ment. well discounted, the way was cleared for a. resumption. of con. structive operations on a large scale: Urgent short covering developed and the adyance was accelerated by new buying for long account from Inter- ests which had been awaiting the sper Daily Cribune Grain NEWS AND QUOTATIONS BY LEASED WIRE WHEAT STAGES BIG COMEBACK Sensational Advance Marks Early Trading on Chi- cago Exchange CHICAGO, March 18.—Immense buying, in which foreigners took the lead, gave the wheet market a sen- sational upward whirl of 10 cents a bushel at ‘the opening of business here today and Kept prices from any greater reaction than 3% c+ ing the first part of the Trade session, Export purchasing also helped to lift the market. The chief immediate stimulus, however, came from a sudden advance of nine pence in the Liverpool market, con- trasting with a shorv of acute weak- ness there yesterday. Chicago opening prices, which ranged from4 cents to “10 cents higher with May $1.60 to $1.63 and July $1.45 to $147, were followed by many rapid changes, including a tumble to $1.58% for May and then St. Paul crisis.. Tho. decline in. the St. Paul issues was well regulated; the preferred shares dipping to a new low at.13 and the common eas- ing fractionally to 751% Foreign exchanges were irregular at the opening. Sterling dropping slightly to $4.77%4. The clarification of the St. Paul situation, a jump of 7% to. 10¢ in wheat prices, lower call money rates and publication of record -car load- ing statistics for the weel: ended March 7, all contributed to the brislc rally which continued through most of the morning. Standard rails ad- vanced 1 to 3 points with Norfolk and Western touching 134, the high- est price since 1917, on buying in- fluenced by rumors of a special dis- tribution to stockholders through the proposed sale of its Pocohontas coal properties. Many industrials were marked up 1 to 5 points, with U. 8. Cast Iron Pipe selling 10 points above yesterday's closing quotations. Commercial Solvents A, opened at 128, and the B at 129, off 5% and 3 points respectively, and then both rallied to 140, The mar- ket reacted just before midday when Uquidation of the St. Paul issues was renewed, carrying the common down to’ 7%, and the preferred to 12%, both new record lows and a fresh drive developed against Amer- jean Woolen, which crumbled 4 points to 37%, the lowest price since 1916. The preferred fell 2 points to 78%. Call money opened at 3% per cent and then dropped to 3. Prices spurted upward again. to around the high levels of fore noon, with the Pan American rising 5 points and General Electric 61%, but did not hold owing to a renewal of more general selling of low priced shares. Texas and Pacific dropped from 55% to 51% on the failure of the directors to declare a dividend at their meeting today. St. Paul common got down to 6%, and the preferred to 11. made.a new minimum price for the year, at 47%, and continued offer- ing of of American Woolen drove it still lower to 37. Drastic selling of St. Paul rall- Wway and American issues, which were driven down to record low lev- els, weakened today’s stock market after an early rally had bronght general advances of 1 to 6 points. Most of the gains were cancelled on the lato wave of realizing, with a number of the coppers and independ- ent steels showing pronounced weak- ness. The close was easy, Sales approximated 1,900,000 shares. A ENTOMBE INMINE BLA (Continued From Page One) from every mine in the district or- ganized themselves into groups, ready to explore every heading to its furtherest reaches. While not definitely determined, Bas was believed to have caused tl explosion, and-late last night Mine} Superintendent Benton Mitch he did not believe any of tt could be Lambie, however, sajd this morning the work would go on-as though every one was all Soon after the explosion occurre there were reports that a dynamite bomb had been dropped into the shaft but those were later denied. The mine opened on a non-union basis last October and employs about 250 men, Those entombed were coal cutters and thelr helpers of the night shift. Last night's explosion was tho Second within the mine in less than 10 years. On October 1, 1916, a_gaa explosion killed 10 men. The. mine has been equipped with every mo: dern device since that time and 4t was believed safe. It was #0 pro- nounced on Monday by a deputy mine inspector who examined it. At 945 o'clock rescue workers had penetrated one mile into the, work ings and no bodies had been located, The work,js reported progressing fa-| alive. LIBERTY BONDS NEW YORK, March 18—Liberty bonds closed: 3s, $101.14) first ae, $101.11; first 448, $101.18; second 4445, $100.2 third 4%s, $201.1 fourth 4\4s, $101.24; U. 68. govern. ment 4% 101.25. ga as pa | SILVER “| | NBW YORK, March 13,-—Bar Kennecott Copper | 5 @ rally to $1.604 Gorn-and oats tock their cue from the action of wheat. Prices for the feed grains though ranged within much narrower limits than was the ase with wheat. After opening at 2 cents to 4%4, advance, May was $1.19 to $1.19%, corn receded to $1.18%, May, and then rallied to $1.19. Oats started at $1.18% to Sc gain, May 4415 to 45c. Then one cont to 1%4 cent decline from opening figures was witnessed later 1c upturn, Provisions, showed trend, lard averaging meats higher Subsequently after many nervous changes the wheat market advanced to $1.64. May influenced chiefly by an official announcement from Washington. that Secretary Jardine had directed an immediate Investt- ation of trade conditions affecting Speculation in future deliveries of wheat. Tho close, however, was un- settled at something of a reaction, but four cents to nine cents net higher, May $1.61% to $1.62 and July $1.42 to 1,43, Later the corn market remained under the influence of wheat and at times went well above $1.19 for May. The close was nervous 244 to 3 cents net higher, May $1.18% to 1.19. and no decided lower and Open High Low 1.60 1.64 1.58% 1.61% ATM 1.41% 1.42% 1,33% 1.2 Wheat— Close 1.17% 1 1.21% 1 1,20% 121% July — Sept. 17.07 17.30 17.60 Foreign Exchange NEW YORK, March 18.—Foreign exchanges « steady; quotations in cents: Great Britain demand 477%; cables 47814; 60 day bills on banks 474%; France demand 5.18%; cables 5.19; Italy demand 4.06; cables 4.06%, NEW YORK, March 18.—Call money, easier; high, 3%; low, 3; rul- ing wate, 314; closing bid, 3; offered at 3%; last loan, 3; call loans steady; mixed collateral, 60-90 days, against acceptance, 3; time loans, 4; 4-6 months,'4%; prime commercial paper, 3% @4 pec Sf SEE Ontaha quotations. fAHA, Neb., March 18 rent ture) —H Receipts, | ding mostly 260 lower; ea Jes 200 to 300 pound butchers, $13.90@ 14.00; extreme top, $14.25 to yard traders; bulk of sales, $13.75@ 14.00. Cattle—Receipts, 8,000; fed steers and yearlings, slow, uneven, weak c lower; mostly 10@15 lower; weighty st off most; bulls early sales, $8.75@10.50; top handy weights, $11.25; she stock, weak to 10@15c lower; bologna bulls, about steady; beef bulls, 15@260 higher; veal, steady; ‘stockers and feeders, scarce, Weak; bulk butcher cows and heifers, $4.75@@875; cannei and cutters, $2.75@4.00; bologna bull, $4.256@4.65; practical veal top, $9. choice light vealers to independents, $10.00@ @10.50, Sheep— Receipts, £,000; lantba, slow; mostly 250 lower; early sales light and handy welght lambs $15.50@16.00; top, $16.00; heavies downward to $15.00 and a little un-| | der; sheep, steady; ewe top, $10. feeders, lambs, $15.75, weak; top feeding a ene Denver Prices, DENVER, Colo., March 18.—(U. 8. Department of Agriculture.)—Hogs —Reacelpts, 600; uneven, mostly 10¢ low top, $14.80 for choice 275 pound averages; one load choice me- dium weights, $14.25. Cattlé—Receipts, 1,700; calves, 50; bidding lower on’ beef steers; few sales Meht steers, $9.10 to $9.75; several lohds unsold; feeder steers, £5.00 to 88,60, Sheap—Recelpts, 4,000; fat lambs, $15.00 flat; bidding 26c lower; two o2h. allver, 680; Mexican dolla, loads choice ewes, $10.00, PY AGE NINE S Livestock :; All Markets TEAPOT LEASE DEFENSE OPENS IN WU. (Continued From Pago One) October 18, 1921, he said, anf. Com: mander H, A. Stuart, who previc - ly had been charged with this work, | Considered wag retained on his staff at Admiral | corresponded Robison’s request. = FRAUD CHARGE survey had been mi Ison met Sinclair and de, Admit b- al Re Admiral—Robison ~got into imme I diate touch with Fall, Edward c.| TO BE IGNORED Finney, assistant secretary of the CHEYENNE, W M interior, Dr, H. Foster Bain, head| The Mammoth Oil company wi of the bureau of mines; Arthur W. | eent ho defense again lence p Ambrose, government petroleum | sented by the rr nan ef technologist, as an emissary of the| fort to establish th sranting then secretary of the navy, Edwin the Teapot Dome oll reserve Denby, he testified. lease to the big Sinclair corporation On October 25, 1921, he prepared | Was tainted with fraud and corrup- a letter to Fall which Denby signed, | ‘* and which outlined the secretary's suggested policy with reference to the naval reserves, Admiral Robison sald. he Teapot Dome reserve was not apparently seriously th ened, Robison stated. Tho opinion with respect’ to Tea | then | e govern: and Judge pot Dome was reached after a study ruled a motion of the materia] at hand in Washing: t all evidence ¢ ton, the deponent testified. Ono bonds alleged to ha : favorable report to the cofitrary did| Harry F. Sinclair to Albert B. Fall not affect his opinion greatly at that | be stricken from t rd because time, ‘according to the admiral's| no connection between these bonds deposition, : and the’ Mammoth ‘con: or any On October 30, 1021, a reply was] other defendant to recelved by Denby from Fall in| ment’s suit had which the interior secretary sald the | then. was adjo’ |navy’s outlined program waa satis-| Wednesd moth ory to the interior ‘department and would be followed out accordin to the deposition. At that time, Robison testified, the development of Teapot Dome was not contemplated except in event t reserve was threatened with drain woul Martin V | for the Mam defense would c ev estab. lishing that the leasing of the naval age or loss from development of} of] reserve was justified by the na adjacent properties. tional. defense situation existing at The first testimony to be intro- the time, the spring of 1921, and was duced by the defense was that of J.} rurther expedient because the naval W. Zevely, attorney for - Sinclair, | reserve was boing. drained by wells which originally was given before | in the adjacent Salt Creek field. The the senate committee in January, | defense, sald Mr, Littleton, is in pos 24, relative to the alleged loan of} session of evidence which it hest. 000 by Sinclair to Fall in Ju tates to use because revelation of a the facts might be embarrassing to r, Littleton of defense counsel! r took the witness stand to read the answers of Mr. Zevely and George P. Hoover, also of defense the goyernment of the United States. "The sted without calling Albert B. Fal rmer t interio rnment stand OV to counsel, propounded the questions s oa as originally asked by Senator Walsh | ‘" a: ie. Cea of Montana, the committee prose- | °“ al had hoean fr cutor. sinc mmday under gov- ° Judge Ken- The testimony of Mr, Zevely was that in response to @ request from rnars Sinclair, he asked Fall fo accompany s nin; his the ofl magnate to Russia in 1928 on ut RANGERS a matter of ollynegotiations in Rus ha < Deseed formed him (Zevely) that he was in| Criminite ili. decided. government jneed of money and that Sinclair Solorts po Pet. ego ay structed th Fall be RO ene & ‘ 000; and that the $25,000 was | [nS might be expectes wibeit nt to the First National Bank of | V!# of the verhar ay | Paso Texas to be deposited to | if Placed on the stand, government | Fall's credit. The lonn was in the | S%Unsel anticipated, would take re form of lberty bonds, according to | {se in his constitutional right to Zevely's testimony. Tt also was do-| Petuse {0 give incriminating eyl veloped from the senate te of Zevely that Fall drew expense money amounting to $10,000 for the mony ‘If we had been able to. get any information ffom Everhart connect- Russian trip; that no portion of the | ing Fall with the pas: of bonds money loaned him or given him for] between Sinclatr and Fall” pense had been turned back to| Roberts, “we would have called} evely ahd that Zevely still held| immediately and put the direct ques- Fall's note for the $25,000 loan. tion to him as a matter of record. E. H. Chandler, counsel for the | As it was, there was no reason for nelair Crude Ol! Porchasing Com-| placing Mr. Fall on the stand. We pany and thé Sinclair Pipe Line com-| had no desire to cajl a mereiy to see hin take the stand pany, made a statement to the court regarding the rights of his clients Government coun rested onthe in Téapot Dome. He pointed out | seventh day ihe trial Indications that the government in its case to| now are thateall evidence will be in annpl the lease charged that the two | before tho: court week ends Friday companies were trespassers on the|and-that arguments will be begun reserve and that | Mon he court ybably will since the contract with the govern-| take the case by at the lat ment calling for the construction of thé pipe line from the Wyoming tof a point in Missour! connecting with a pipe line from tho Mid Continent field to the east, the allegation of conspiracy and fraud in execution of the Teapot lease had no bearing on his companies, but that they were st GOVERNMENT EXHIBITS ARE PRESENTED. Before resting ¢ nment coun- sel formally introduced about a dozen documentary exhibits,-the-ma- jority of which had been, tentatively offered earlier in thé trial but barred concerned with the charge that the | by ru against their admissibility laeso was executed without suffi-|at those stagem Defénse counsel clent authority. objected again Tuesday to the’ ad Mr. Chandler pointed out that the | mission of each of exhibits pipe line company had constructed | Hach objection was riled the pipe line at a cost of $21,000,000 | Among the exhibits thus let in’ were including an expenditure of $750,000 | r¢ ¢ nt bank @ pumping station at the id | actions inv Ube 4 $550,000 for oll storage {i- | oF were in the 7 tles there, and that his interest s| tiner T a | Sinclair compani¢s to occupy the | and : sited t part of the field on which they con. | the ¢ it of I ar D€ structed improvements in accord: | clipped from other liberty bonds. tn ance with contracts with the govern lved by tt me circumstances ment, The total of bonds cc red t the Opening the case for the defensy | evidence 1s The: exhibit Mr. Littleton made a statement in : pes which the expressed the “gratitude 5,000 dy Sincla of the defense on. being in the quiet arly eighteen atmosphere of a court, ‘after having heaso w been hunted through the senatorial jungles and pursued across the burning plains of presidential poll ties,” BC “Whatever happens to us here, under’ the seasoned, experience of | ime that men who have devoted theniselves tc ‘ the causd of justice, we shall accept | lt and we shall not complain. We hear the ery of the pack no mote.” | Mr, Littleton declared bh ‘call from the household plaintiff three witnesses to the government's charge lease was executed “not tr terest of the United States favor of Sinclair and his Oil Company.” One of said, was Admiral Robis Other two are Mr. Bain, Ambrose, Tle cited a report made by Bain and Ambrose after iney tng Teapot Dome early in 1921 de Mammoth these, ny and the and Mr. | he th sbatitute there hot phote sonie of t coupons claring that the naval ofl reserve | selected at random. Spillman, who should be developed and the oil | testified early in the trial, had re there from made availiable for use | mained in Cheyenne becau » had by the navy at strategic points} been Instructed not t turn to along the Atlantic Coast. This, he | Washington until he could bring the said, would be presented as part coupons, which are part of t the evidence tn Justicieation of the | trea records, with him lease, Mr, Littleton sald t When Noberts announced t further show th admiral Roblaon | rhinent rested, John W. Lacey and Bain act, conducted the ne-| of defense counsel, moved gotiations on the m points ¢ erty bond evidence be atrieken the leawe, and that after the Teapot! from the record, The government S. COURT o| had done all that it could, he sald, to connéct the Mammoth company and Sinclair with these bonds in Texas, New. Mexico and Colorado it had produced no evidence in any way connecting the bonds with Sinclair or the Mammoth or other defendant corporations. No connec- tion between any of the defendants and tho Continental Trading com- |pany, Ltd., has been established, he stated, and no kind of interest by |Sinclair of the Mammoth in the bonds had been proved. The rule of fraud, he argued, was not to be proved by suspicion, but by clear, onvincing evidence. No proof of | fraud, he said, had been offered. Atlee Pomerene, of government ounsel, reslsted the motion to strike an argument that at times be came oratorical. He traced the course of the bonds as shown by |sovernment evidence and argued | that there was ample inference to | Justify assumption of connection by nelair with bonds that found way to Fall's account, ferring to the Continental Traa+ company as “a sort of shell came,” Pomerene said: “I take it as @réasonabla assump. , that Osler, Sinclair, O'Neli, | Blackmer 1 Stewart were its stock warrant holders, and that: these nds went to those five or some 1e- of them Sinclair and Sinclair's Mammoth om pa he argued had a motive © the transfer of the the bonds to A S motive for transfer any of the others he had named * not apparent, “What conclusion can we draw,” he said, commenting on the appear: f the bonds !n Fali’s accounts, except that these bonds came from Mr. Harry F. Sinclair or someone ting for him. Previously Pomerene had sus: sested in his argument that the bonds might have been delivered directly to Thatc » for delivery by him to Fall. Judge Kennedy, commenting on argument of counsel, sald that the government's case had resolved {t- self into two phases: First, the right of Secretaries Denby and Fall to lease the Teapot reserve. Second, the conspiracy charge. The court then stated that if he did not support the motion to strike the evidence supporting the con- spiracy -charge—the evidence relat- ing to the bonds—defense counsel would have to decide whether they should present a defensa to this cha: Ne indicated his intention to give the defense that Opportunity. “The conspiracy charge is of no force,” sald Lacey, “there haa been no proof of a conspiracy. There is an absolute vacuum so far as the evidence connects Sinclair with these bonds. You can’t Jump across such a chasm as that tn Inferring fraud.” “Judge Lacey,” interrupted the court, “you are arguing virtually a motion to dismiss, but I am going to allow you to sssume the responsi- bility of deciding whether. you are touched by the conspiracy charge.” Upon the bonds we will stand upon the récord as it is now made,” replied Lacey, stating the intention of the defense not to offer evidence in defense against the conspiracy charge. “Then T will overrule the motion to strike,” said Judge Kennedy, Previously the court hadasked the defense counsel whether, inasmuch as the defense contended that the evidence regarding the bond trans actions was not germanine to the case, it mattered whether he over- ruled the motion to strike or sus- tained it. ————— Chicago Prices, CHICAGO, March 18.—(U. 8. Deée- partment of, Agriculture.}—Hoge— Receipts, 18,000; uneven, mostly steady to strong with Tuesday's erage; underweights, dull; 15¢ te lower; top, $14.50; bulk 180 to 25 pound Averages, $14.25 to $14.45; 140 to 160 pound weight, mostly bulk packing sows, iajority strong weight » $12.50@18.00; heavy 30@14.50; - medium 0@14.50; Nght weights, weights, weights, $14.2 $15.70@ 14.40. Cattleo—Receipts, 10,000; fat steers 10¢'to 150 lower; welghty kinds showing most decline; some. off; largely ateer run} portion of fed steers con- prising Rood, to choles pping demand narrow, on strictly chaice heavies; $5.50@10.50; bulk fed rs and yearlings of quality and ondition to sell at $8.50 to $10.50; stockers and feeders, steady; supply comparatively scarce; about 180 head | of Montana hay feds to feeder deal- | $8 to $8.50; mostly $8.25 lain cut at $6.00; she stock, et with Thursday's decline; ak to 16¢ lower; most @round $4.50 otf; 00d to Kind to packers, $11.00 1.25 bid }iew « es, largely 50, ce light | cap no early In eipts, 20.000; very dull; ea killing classes; pack. talking 250 to 600 ly bids; feeding and veal top $9.5 | I and feeder steers 10 to lower; stock cows and heifers teady: stoek ca'ves 250 lower, | Hog $,000; slow leary 15e er; ship top $14.25; early | r top $14.10; bulk of sales $18.75 14.10 st packer bids Se or; desirable 180 ¢o $00 pound av- 53 S5@14.1 t and shipper | $16.00; lots mostly }$u4 offered,