Casper Daily Tribune Newspaper, May 3, 1925, Page 18

e AGE SIx Finance ‘Bonds New York Stocks Lest Gale WHEAT PRICES SCORE ADVANCE LAST WEEK Six to Ten Cents a Bushel Added as Result of Cut In Crop Estimates but Saturday Closing Is Unsettled. Wheat— Open iy Blas Viecurevich B: Allis Chemical and Dye - American Can American Car and Foundry ~- American Locomotive American Sm, and Ref. American Sugar American Tel. Américan Tobacco American Woolen Aanconda Copper —Irregular ar: Close Locomotive Baltimore and Ohio - Bethlehem Steel . California Pet. Central’ Leather pfd. Cerro de Pasco Chandler Motor —. also showed little change. cloned at $1.59 4 S during the . and Pacific . Colorado uel Consolidated Gas » while Hberal ex- helped to offt Mid-Continent Pet. Davison Chemical Du Pont de } day's range of vision prices’ follows amous Players - General Electric General Motors Northern pfd. Gulf States Steel Houston Ol! -- Hudson Motors - Ulinois Central REAL ESTATE SOUND INVESTMENT--BABSON Statistician Analyzes Various Types of Realty | Opportunities in Regular Review For the Tribune. necott Copper Marland OW | stissours Pac citi pfa. » pick propert for appreciatlor and "western)— for investment. is of the present re made public that appeals to man) jortgages on such for those who have have neither | Louis and San Fra operations them bonds pay specified | a ors Sheft Steel mortgage on definite Property. ove: ; | shoud be d, real | fore they Anvestigated carefully are purchased Standard Oi, > rhe Average man’s first veal es : ard depréssion The advantages of home owning an ic side of the transactjon {x conventence, Judged entirely from the cold investment angle, a home etill has its Careful studies of the situation in several cities lead me to hat ownihg is as cheap as although no. cheaper so far u yuPkeep and maintenance {s | le to sells ft because Cast Iron Pipe Wabash pla. ys Overland ... figures. his rena) to. 12% on his in This giver hint y invested and leaves him 6% to cover taxes, , depreciation and pos- y. At 10% on his orig al Investment he makes no wmoney, 12% he makes.a little but the | renting. of houses is mot ag’ profit people suppose WYOMING OLLS Blas Vucurevich, Western Exploration . 2.45 Consolidated Royalty - ntral Pipejine T. Williams - g and owning. so, ation is con keep and opi Curb Stocks. wning so far as oper CRUDE M NEW O@LE? 208 Consolidated Royalty Bidg. Ask 2.65 99 55 12 13 13 09 05 8 01 ‘02 OL OLN 00% 20% 25% a% iM 63% MARKET] 200 1a Lao 108 1.08 tae NS—Recent rains in jumber Demand {ts increasing, as ly shoes «but Che Casper Sunday Stocks NEWS AND QUOTATIONS BY LEASED WIR Cribune Grain OIL ISSUES SPRING INTO FRESH DEMAND Figures Showing Heavy Canaaniption of Crude Oil Brings About Revival of Demand on The New York Exchange. NEW YORK, May 2.—Statistics showing that crude oll consumption during the first quarter of the year exceeded production totals brought about sharp revival for the oll shares in today’s brief session of the exchange. Steel issues also scored gains, the market continuing the upward trend which marked the closing days.of the week, Outstanding in the financial and stock markets this week was the restoration of the gold standard by England and -the . prospect that France might also revert to the same standard. Sterling exchange sold at the highest price tn 10 years while bond prices also stiffened ma- terlally in response to easy money rates. Stocks fluctuated within a narrow trading area, although se lective issues from, among the rail: motors, public utilities and special. tles responded to bullish demonstra- tions. Steel shares sagged to marks around the year’s low tevels on re- ports of shrinkage in steel mill operations to 75 per cent of capacity. Sugar shares were depressed by de- ciining commodity markets while adverse trade news for the most part was connected with the textiles, coppers and oils, A firm undertone was displayed tn rails. Shoe Leather Saved By ‘Automobile Is Reflected In Short Trade Demand By J. C. ROYLE. (Copyright, 1925, Casper Tribune) BOSTON, Ma: —The men of America are not wearing longer they are wearing shoes longer. To that fact is attributed a large pfoportion of the difficulties which are attending some phases of the shoe manufacturing business in New England. The industry {s ‘not particularly active and this is not a condition particularly applicable to New England falone. The export situation and the more economic use of shoe leather by men are mainly responsible, manufac: turers here say. One of the more important distrib: utors. safd today that men are now buying only half as many shoes as in former yearr. Many women, ho" ever, are buying twice as many In former years, and this is serving to balance demand and output The theory is advanced that the use of the automobile is lessening the amountyof walking men do Formerly it was customary men to wear low shoes in summer andj high shoes tn nd winter. Now the custom has become almost univerr to vary the weight of the stocking rather than change the type of shoe, Presumably the use. of 'pat- ent soles or rubber composition salen has tended to lengthen the life of a pafr of rhen’s shoes. At any rate, shoes are wearing longer. In 1914, the production of .men's to have something to do.with. this, shoes in this country totaled 98,013,- 000 pairs. 84,662,857 the population’ of the expandd from approximately 90 mil- Mon to 114 million in the same per- In 1924, Pairs, output fell off to Considering that country has fod, the contention that men are wearing 8 longor te amply sustained, The output’ of women’s shoes tn 1914 totaled 80,916,000 pairs. Last year, it reached 104,135,000 pairs and even 5,500,000 pairs from 1923. Styles have this represented a drop of played an important part in wo- ment’s shoe ~ production. Fashions have changed rapidly and in general the ‘kind of shoe most desired has been of a fragile type. not adapted to long wear. One shoe authority points out that while the trend of styles has resulted in a larger turn it has also resulted in more bargain basement sales by ‘retailers, The retail stores have been loath ta stock heavily on fancy shoes, the life of the demand fer which they could not guage, Nevertheless women, thority puts it, ha igh degree of “shoe consciousness.” They are acutely desirous of putting their best foot forward and the cus- tom of having a pair of shoes to match cr accompany each separate item of their wardrobe has grown, Men's “shoe consclousness” has ful- len off. The wearing of sport clothes and the playing of golf are alleged as this wu- developed a Six New Producers Are Completed by Midwest Midwest Refining company coin pleted «six new wells in the Salt Creek field during the last week on holdings of associated companies, as follows: Wyoming Associated No. 18A, n M% sec. 35-40-79; completed at 1,3! ft. with an {nitial production of 290 bbls, after a shot. Wyoming Associated No, 33A, ne % sec, 24-40-79; completed at 1,835 ft. with an initial production of 36 bbls. natural. Wyoming Associated No. 3A, sw tec. 14.40-79; completed at 1,927 ft., will be put on pump after shot. Salt Creek Consolidated No, 21, se% sec. 31-40-78; completed at 2); ft. will be put on pump after shot. Midwest Oil and Wyoming Asso- clated No, S2A, se % sec. 25-40-79; completed at 1,850 ft. with an initial production of.100 bbis. after a shot. Wyoming Ol! Fields No. 3A, s¢% sec. 22140-79; completed at 1,848 ft. and will be pumped natural. Fruits. SAN FRANCISCO—Citrus fruits are holding steady with chotce navel oranges increasing in price. The na- velsorange crop will be about cleaned up in two weeks. KANSAS CI The heaviest. crop of fruit and strawberries in the his: tory of this vicinity ts expected this year. If all the blooms ripen and there !s:no reason why, they: should not, trees will be bowed under the huge welght of fruit. GRAND JUNCTION, Colo, — The drought has been, broken in _the Grand Junction frult belt and a fine crop is expected. Steel. CLEVELAND — About 5,459,050 tons of iron ore were consumed in March and only 20,790,795 tons were on hand April 1, as compared with 24,026,663 late 'y Soft Drinks. ATLANTASoft drink manufac- turers expect an extra period of heavy business thik year, owing to the early coming of summer weath- er. Plants here are running full time, with Indications »of record-breaking sales. The Coca Cola company had net profits of $1,455,573 for the first quarter, an Increase cf over $600,000 compared with 1924. Chocolate. SAN FRANCISCO—Loca] import manufacturers of chocolate mulating plans for meeting eastern competition and ensuring the of the covoa beans tmported the volume of whieh has more here, than doubled in the last four years. Dry Goods, LOUIA~-There ie a ement hete in the amount of dry goods sold for fall delivery. Commodity Trade News tall sales in the last month were slightly under those of April last ear. Cotton. FORT. WORTH—Cotton planting now is general throutout west«Texan In the last few days, 1,000 acres.a day haye ben planted in western counties. Automobiles. DETROIT—The - Shevrolet com- pany turned out approximately 52,- 000 cars and trucks tn April and will maintain that rate through May and June. Chevrolet is expected to pro @uce its two millionth car early this | fall Tobacco, MANCHESTER, N. H.—The R. G. Sullivan Clgar company now ts working tis 1,300 employes five day a week. For four months they have been on a fourday a week basis, —_—_—_—————_ Business Briefs - CHICAGO—Employment in district decreased seven-tenths cent in men and 1.8 per cent In rolls during. the past- month, this The most significant change was in the metals nnd meta! products pian where the decrease was five-tenths per cent in men and 1 per cent in payrolls after months of steady in- crease. Declines were largely season: al otherwine, PHILADELPHIA —The {ntercoast: al vessels of the Dollar Line have been placed on a direct sailing basis from .Philadetphia, The first verse! elded im: | | be Reo | Ma leaving on the new arrangement will . In the American Mercury for May, James A, Reed, senator in the congress from Missouri has contributed 4 notable article on the’ “Pestilence. of | Fanaticism,” which is worthy of perusal of every American. citizen . regard- leas of political beliefs and affilia- tions. The article follows: By JAMES A. REED. The present-day reformer sup. plants the ancient and foolish doc trine, “Everything \hat is, {s right,” with the still more foolish doctrine, “Everything that is, ia wrong.” In a world which an intelligent and pa- triotic ancestry lovingly © handed over to us in a reasonably well-or- dered condition he rung amuck. Our Inherited Hberttes, guaranteed by a Constitution and code of jaws, to gether forming a homogenous sys: tem, are recklessly attacked until the who'e structure is seriously tm- periled The modern reformer insists upon substituting statutory commands for ethical percepts and official sur veillance for the restraints of mor- ality. He undertakes to force the ncceptanc® of his peculiar doctrines | by penalty of Cine. and {mprison- ment. The old and. true concept of freedom-embraced the right of the citizen to choose tis own religion, think his own thoughts, Indulge his own habits and live his own life without interference by the state, save that he should not treeniss up- on the rights of others. . For this condition of personal freedom and responsibility the reformer proposes to substitute legal regulations which, ike a web of steel shall encomnass the citizen from birth to death. Man | will live and die the‘slave cf the ma- Jority which enacts the laws, Natural rights may be as effec. tively destroyed by the laws of a re- public as Uy the decrees of a despot. The doctrine that the world can be made virtuous and happy by sub- stituting ‘for the natural right of cho'ce, with responsibility, the pro. hibitions and regulations of law. is as old as human tyrann: Tt has been resorted to In every age and has, uniformly failed. It establish: ed the inquisition and equipped it with instruments of torture. It forbade freedom of thought, of speech and of the press. It com- pel'ed “men to embrace certain creeds upon pain of death, ordered people to attend particular churches or suffer barbaric penalties. It tm prisoned, tortured or put to death all who did not accept every word of the Qld and New Testament ex- netly as defined by the exegetes of the dominant hierarchy, It regulat- el the habits of the people In the minutest detatl, It punished a blas- phemer with death. And oeeasion- ally, as every schoolboy knows, it burned a witch. The modern intollerant differs from his ancient. prototype only in degree, Alike they have resorted to the logic of brute force. In the Past. the» penalty was pillory and seaffold; today it {# fine and imprt- sonment. Legal restrictions are tc take the place of ethical Instruction, Parental precepts and enlightened reasoning. The statutory reformer nominates himself as doctor-gener: of public morals and insists that all mankind shall swallow his physic or go to jail. . Let {t be admitted that this statu- tory moralst 1s generally honest and {n earnest. Unfortunately hon- esty of opinion and earnestness of purpose are only too frequently ac- companied by gross {gnorance. Zeal honesty and ignorance in combina- tion always produce Intolerance, and intolerance increases to fanaticism, eager to destroy all the natural I- erties of men if thereby the zea- lots’ ends may be gainsd, Regard- less of the university degrees he has attained, the fanatic is invariably ignorant. Tolerance is the oft- spring of Intelligence, The intelli gent man knows he may be mis- taken. The ignorant man is certain ho Is right. Give me. the radius of a man's. Intelligence snd I will de- seribe the circumference of his tol- erance. Regardless of divergent creeds and ‘cults, *modern reformers all agree: 1. That our plan of government has not worked with perfection and that. therefore the plan ought to be destroyed: That all who oppose them are “in league with hell and have made & covenant with death: 3. That they possess an infallible (From Inland Ol! Index) Standard of Indiana loaded 12 solid train loads of gasoline: out, bf Casper,in. month of April for export trade, Each train lond consisted of 60 cars and each car had a capacity of 10,000 gallons making a total shipment for the month of | 7,200,- 000 gallons. ‘This gasoline. fs ship- ped by through freight direct to Baton Rouge/'La., where, it 1s loaded into oceangoing. steamers at the docks of the Standard Ol! company of Louisiana. The gasoline ts then shipped to Fuorpean points for dis- tribution. Rex Dome Pipe Line, Illinois Pipe Line Co. is laying a 6-1n. pipe line from the Rex Dome oll field 20 miles west of Laramie to Hatton station to the Laramie, NorthPark & Western ratiroad. Line 1s 2 miles long and wil! enable the Obie Oil Co, to load the production from Rex Lake in tank cars for shipment to the Standard and Mid- | west refineries at Laramie, » Ohlo Oil Co, Ig installing » Gat! loading i Yack at Matton, THE OTENG: OF FANATICI Senator James A. Reed Writes on Subject specific which every human being should be by law compelled to swal low, and that, thereupon, evil will} Usappear. sorrow will cease, men and women: wil! be transformed tn- to statutory angels, and “every thing will bé lovely and the goose hang high"—particularly if the re former succeeds somehow or other in. grabbing a lucrative Job. Accordingly. the agitation begins. proselyting proceeds, the ns are mustered, the chautatiquas ch talk and the club women weep. females, masquerading as disinter ested representatives of morals, the strings and gather in Shekels. The politica! candidate. ob: serving the gathering storm Promptly. trims his little sail te catch the wind and scuds before it for the port of of om he pledges himself Wherefore, he arrives In W: ton hog-tied beyond squealing so we have had an array of And re. forms based upon the kind of rea | Jeye ev | fcons soning T have described. Examine. if you please,’ the fore-going art'c’es of the reformer's creed. Of course, no plan of x ever has been or ever will be a solutely perfect; even {i perfec its administration would necessart!y he faulty. Intelligent persons know that in this latter fact 19 lodged nearly all the difficulties attendant upon governmental activities, [ fective administration {s insepa from the frailty, dishonesty a nment norance of hun ents. What is needed is bet ution of 2 ‘aw. not the destruction of ernmental plan, Clearly hatehed schemes mu by men as Inefficie’ as those embarrass'ng the present system. Accordingly, th and patriotic men agree principle of our government should | be abandoned or changed. except for grave reasons, an’ then only when there {s approxtmate certainty that the proposed substit not only remedy the evils tha exist but will not bring wor greater ones in its wake. These considerations. howe, do not appeal to the modern reformer. Like the patent-medicin: L proclaims himself the man {!ls and drives straigh too often the public ts convin More frequently an active an. Ranized minority ts converted. 1 tlmorous congressmen, although convinced, hunt cover. Thu baked. schemes, commonly promated by intolerants, mountebanks and dreamers, are put upon the nation. And -before the’ great. good-natured public is aware, it has been pl ed In leading strings, tte rights c: eumecribed and its natural pr leges abolished. More appalling is | the fact that Uttle by little the great edifice erected by the tol! and wis- dom of the past is being defaced and its very foundations undermin- ed. As one’ contemplates these oc. curences, one !nstinctively contrasts the character of the man who es- tablished and preserved the republic with that of these modern tinkerers. Ponder the names appearing below in parallei columns: George Washington Benjamin Franklin Patrick Henry. John Hancock John Adams. Thomas Jefferson. Alexander Hamilton. James Monroe, John Marshall Andrew Jackson. Daniel Webster, Wayne B. Wheeler Andrew Volstead. Roy A. Haynes, William M. Anderson. Lincoln J. Stoffins, John D. Rockefellwr, Jt Henry Ford. Richmond P. Hobson Thomas Sterling. Duly Sunday. George Creel, Though {t seem sacrilege to place in juxtaposition the names of the architects of the temple of liberty with those who desecrate its altars and ‘deface its’ marbles, I still’ {nsist that impiety ,does not exist. The nobility of the mighty dead t be lesseened by. the puerility of the living SUNDAY, MAY 3, 1925 - Livestock : : All Markets ~ All the while numerous hired males and pull the | philandering, half. | | former lberatel ° * The statutory reformer has a &in- gle and invariable method of proced- ure. He magnifies the wickedness and sufferings of mankind and at- tributes them all to the object of his special malediction, Witness the prohibition propaganda, Its livera, ture blazed with assertions ‘tt { crime, poverty, and human agony. were directly chargeable to the Rum Fiend. He was the devil tn carnate who prod! virginal in- ariial infelicity, theft robbery and murder, His remorseless hands, helding » throat of Innocence in ot were dragging myriads o grasp, fortunates to untimely graves and them to the fires of an perdition. He ft was who jails and penitentiaries tures who other resplendent and orns ood tate > “Amend re Volstead the twinkling of an vanish! Close the +a ja!'s will empty them of poverty will be turn- . ehiidish wailings laughter: drunken : and hatred into tenderest love, wili give up become ministers of ieves will no longer ‘breuk and #0 on, ad in- m pass din tute a onzs of jo fous nd cares: and steal finitum, ad The } the mor necordir nau u.ton occurred, but e did not-come off edule, Men still go petimes maidens rous whoings. bottle cn hip, society. He the ips of ead mother have scorned) a -boy with ainted breath. The fires were 1 the furnaces of the dis- nd brewerles, but were under ten thousand filfelt Moonshining became a_profit- rade, bootlegging a dignified, rum-rurining & romans An army reerulted from taxfdrivers, ‘bell hops, listen to to boys, soda fountain giris—every occupa |tlonal clars from hod carriers church sextons—is’ engaged in etail traffic. Colored gentler @rive Plerce Arrows and dus tore: supp pk are lquor empor!: . 1 with preseriptior siclans at the rate $200 a book, taining one bun a blanks. And who, pray, are the customer: The answer 1s, everybody who wants a drink and that “everybody” braces hundreds of thousands of \ men in homes from which, prior + the reformation, Nquor,was ba’ and barred. Other thousands boys who, under the old regime, would have understood that thei safety depended upon the exercise seif-restraint, but who now seem rely upon the law for protection, and yet regard the breaknig of t! law as a pastime, and guzzling Ua. from a hip flask as an envy! prank. A vast multitude of men reverenced the Jaw now d and avilly conspire for {tr breach. The leprosy: of hyprocrisy has become epidemic. Half-drunken legislators enact dry laws and cel+ brate the achievement in moonshine, Judges sometimes (let us hope rare ly) impose merciless sentences and anaesthetize their human sensibi’ ties in bootleg. Police officers, sher iffs, constables, and bailiffs, their breaths reeking with rot-gut, drag jail an occasional victim selected a ® sacrifice to public clamor. But not one out of a thousand violators ia ever arrested or prosecuted Meanwhile the prohibition force re vels in blackmail, subornation, vena immunities, treachery, fraud ant crime prémotion, revolting practices inseparable from the spy system Tyrannous acts are of hourly oo ence. In violation of the constit tion, the homes, the business houses, baggage, vehicles ‘and persons of cll zens are indiscriminately seized av searched. In 1924, in a single 3 ela) district, more than eight dred out of one thousand sear were i! made, But all (Continued on Page Seven) Big 80 Acre Lease tn the NEY ATLANTIC'S COU} NIGHT AND PD, dition. when Country Club: No. be advanced to 80 per share, rent’ Ganson alt . afford to buy elivery? WIRE Private Branch Pros 9 Scott Rotary Right Close to Atlantic Petroleum Corporation’s of Section 12 In the North End of the Fort Collins Field This Well Is Reported Standing in * Enormous Of! Gusher Any MOMENT ‘Think What This;Wml Mean: to Atlantic Petroleum Stockholders TRY CLUB NO. 4 DAY below 2,500 feet with the hole tn perfect con: BUY NOW—At lic Per Share: Before the Big Advance ATLANTIC PETROLEUM CORPORATION announces ‘thet 1 reaches 4,000 feet Atlantic ‘Stock will We are authorized nancial In buying stock through us you are guaran y UR money can be used by YOUR company ta aokeetioeaave stock where NOW IS THE TIME ‘To BUY—Fo! IMMEDIATE, ACTION. TELEPHONE Your Order IMMEDIATELY A. A.Hall & Company Metnbers—Dénver Stock Exchange— 101TH STREET TELEPHONE Yschan Ke to ALL De od with Becretury of State,’ Copy an ihe Oll and May Be Completed as an is now. DRILLING agents for Atlantlc Petroleum. as it is needed for develop: you are not sure of R QUICK MARKET PROFITS IS IMPERATIVE Denver Chamber of Commerc: MAIN 4570 DENVER, COLO Copy on Request. their"