Casper Daily Tribune Newspaper, May 8, 1925, Page 10

PAGE TEN Finance HALT IS CALLED IN WOOL PRICE SLUMP Stable Basis on Which to Trade Expected to Result from Curtailment of London Auctions and Other Developments BOSTON, May 8.—The efal Bulletin tomorrow will say: “The cownwa-d trend in temporarily at least, and with the London auctions being curtailed and ®@ suspension of sales in Australia until July, it would seem as if a stable basis may row be found upon which to do busines Prices have changed only slightly here during the past week. and {t is evident that the decline at London of 10 to 15 per cent on Merinos and 20 to 30 per cent on cross breds were y als. counted. “In the little has been one in the w new clip operations. For best bright fleeces 3 being offered with little bought, while in the territory sections hardly any- thing has been done, except for a tew consignments being made. “The mill situation appears to be without material change, although some of the manufacturers, even of the larger worsted outfits, have been looking the market over and not al- ways finding the wool they want plentiful. Mohair is slow but 2,500,000 pounds have been cleared In Texas at Commer: ‘wool values appears to have been stopped | lish flee half blood combing, 48@49c; combing, 46@47c; fine unws % blood, 45 @1 @1 states > fine staple cholve, blood combing, $1.10@1.12 combing, combing, the following omorrow ine unwashed, shed, 41 Michigan and New York Fleeces. —Delaine unwashed 46@47c; half blood combing, 47@48c; % blood combing, 46c; quarter blood comb- ing, 45@46c; fine unwashed, 41@42.c. Missouri and Average Ingland.—Half bi00d, 46@47c; Wisconsin @46c; quarter blood, 44 @i4bc. Califor northern, $1.20@1 Oregon eastern No. 1, staple, $1.20 fine and F, M. combing $1.15 eastern clothing $1.00@1.50; ‘0, 1, $1:05@1.10, Territory.—Montana and similar: $1.23@1.25; half % blood blood 90@95c; 80@85c. Pulled Delaine, quarter $1.28@1.30; AA $1.25@1.30; A supers, $1.05@1.10. Mohair best combing, 80@85c carding, 70@75c. Rubber AKRON—The ms manufacturers here follow the examp! company and adva’ per cent exclusive of sizes used on Fords ments to auto manufac dealers were 20 per cent a of April 1924. se prices 5 to 15 the smaller April _ship- urers and e those Automobiles €LEVELAND—Among the motor car manufacturers here, Cleveland Stearns asd Peerless report produc: tion increases. Cleveland turned out 2700 cars in April and May prom fees to equal that record. Wool DETROIT—The Michigan ant Ohio wool growers expect to pool more than 4 million pounds this yeer to be handled with the Indiana clips from Columbus. Total receipts at. Columbus so far th ahead of those in 1924 Lumber HOUSTON— Lumber wholesalers report orders and shipments in ex- cess of production since the latest rains and look for highly satisfactory market conditions within «a fort- night. ol SHREVEPORT, La. — Average dafly production Loulsiana and Arkansas last week rose to 341,326 barrels. 81,875 Smackover field. Forty-six new wells added to initial production in the ON men believe the peak of production in Smackover con will be reached. Textiles BOSTON—The Thorndike Mills of Palmer, Ma and the Lockwood cotton “r: of Waterville, Maine, ve reduced working time, owing to orable market conuitione, Flour FRANCISCO—Flour : dealers re have advanced prices 20¢ hundred pounds, following the rise -in wheat prices. The March peak was $10.10 a barrel, which compared with a present p of $9.90 and a recent low of $8 Soft Drinks NEW ORLEANS—A New Orleans syndicate has been formed with a capital of $750,000 to take o Chicago Coca Cola comp: the purpose of increasing the Chicago territory. sal The Chicago s average is small, co h other large cities, Furs SHREVEPORT—Louw! na during the season of 1924-25 was the leading fur producing state in the with a total of 7 million pelts taken by 30,000 lcensed trappers, accord- ing to the report of State Conserva- tion The pelts are valued union, Commissioner W. J. Everett. at $6,930,000, Packing House Products SAS CITY, Mo.—The decline Ks in hog prices has caused the price of fresh pork to drop five cents a pound since the first of the Woman Hurls Child’s Body Into Canal BETHLEHEM, Pa., May 3%.— Police today were unable to ob- tain anything definite to identify @ woman who was seen to throw a two year old be a canal yester- day and disappear. A rescue party pulled the body out of the canal CONCESSIONS RATIFIED BY THE SOVIET MOSCOW, clated Press)- May The he Soviet go’ Ass n ment hi tified a contract betw tts concessions committee the Ayan Corporation, a British con- cern, for the exploitation over a per: fod of 36 years of the gold fields the Okhotsk and Kamchatka region of Bastern Siber REQUISITION 1S. ISSUED FOR SWINDLER'S RETURN %y ... DENVER PRAYS NNE, W M ile T. R requ! CREY, ernor N signed a nor of Pennsy!va Van Hausen, w K obtaining mone er false tenses at Roc! Spring under arrest at P' Thu a NEW YORK, May gugar wae unchanred 8.—Refined with selling prices ranging from $5.60 to $5.70 Ir ern Colorado, for fine granulated. A falr inquiry | which a marily agricultural sec- was reported. Refined futures were | tions, and in the vielnity of Colorado nominal, Sugar futures closed stea Ar proximate salet 39,000 tons $2.57; July $2.70; Sept. $2.82, De com $2.81. —————————— May He’s Making Past Index for Future —9 Charles F. Sarle of the depart- ment of agriculture’s Washing- ton staff, is making the past an index for the future by compil ing # record of farm marketing conditions in the United States in the last 100 years —_—_»— AND GETS RAIN Colo., May Lea by of the Denver Rotary ess men here Wednesda: sinutes in silent pray: Last night rain fell in section of the state, bureau announced to- neq, Where farg Ph genorous. bureau re rogiate the undarigs of atate @55c tor grown hair and 67@70c for kid."* The Commercial Bulletin will pub- wool quotations tic.—Ohio and Pennsylvania 48@50c; -blood | Perris . | Byron e also is car, THIS THING OF BEIN' ON ACIET AN’ WALKIN’ TEN MILES A OAY FER ME HEALTH 1S MAKIN aN INVALID OUT Bonds > BRINGING UP FATHER ©1925 wy Inert Fearune Senvice. Inc. ‘Great Britain rights reserved. ane Casper Dally Oridune Stocks \ -Grain ::. WS AND QUOTATIONS BY LEASED a ee eee [ sew vorksros | STOCK TRADING Allis Chemical and Dye -. American Can American Car and Foundry American Locomotive American Sm. and Ref. -.--. American Sugar --. American Tel, and Tel. — American Tobacco ex fv, ~. American Water Works American Anaconda Atchison Atl, Coast Line Baldwin Locomotive - Baltimore and Ohio ~. Bethlehem Steel California Pet. Canadian Pacific - Central Leather pfd. -~.. Cerro de Pasco .. Chandler Motor Chesapeake and Ohio ~-..... Chicaga and Northwestern Chicago Mil, & St. Paul - Chicago, R. I. and Pacific Chile Copper Coca Cola Colorado Fuel -.. Congoleum. --. Consolidated Gas -. Corn Products .. Crucible Steel — Cuba Cane Sugar p: Davison Chemical — Du Pont de Nemours Erte . Famous Players General Electric General Motors Great Northern pfd. -. Gulf States Steel -. Houston Oi) . Hudson Ilinols Centre? ex Int. Harvester Int. Mer, Marine pfd. — Kelly Springfield -. Kennecott Copper - i Lehigh Valley Louisville and Mack Truck - Marland Ot) . Max. Motors A -. Mex. Seaboard Oil Mo., Kan. and Tex. - Missouri Pacific pfd. Montgomery Ward --.. National Biscuit National Lead New York Central . N. Yu and Hartford Norfolk and Western North American — Northern Pacific Pacific Oli Mid-Continent Pet. Pan. Am. Pet. B - Pennsylvania* Phila. and Rdg: C. an Phillips Pe Pure Ol Reading ---------- Rep. Iron and Steel Reynolds Tobacco B - St. Louis and San Fran, Seaboard Air Line - Sears Roebuck - Sinclair Con. Sloss Sheff Steel Southern Pacific Southern Rallway - Standard Ol Standard Oil Stewart W: Studebake a 1 * Cast Iron Pipe .. 8. Ind. Alcohol U. 8. Steel - Utah Copper - Wabash pfd. A Westinghouse Electric Willys Overland L... Woolworth “CRUDE MARKET Big Muddy Sunburst Harallton Dome Plot Butte ——aaseesenneiecs= ander » «= Cat Creek —- Lance Creek -.-c-ce-—=-----= Osage . Grase Creek, ight -+——--——— DreyOUl - -nmerene---aeenmne Torehlight . — ik Basin . - Rock Creek ...--. - Salt Creek ----------------—- Flour. MINNEAPOLIS, Minn. ————_ Flax DULUTH, Minn. May ax May 277; f July 27944; Breed 182% 108 123 138% 91% bate 37% 118% 163 113% eceweweeeenwmnceen= 3.00 | Mule Creek . STILL BUOYANT Seventh Consecutive Day of Bullish Trend Holds: Forth | NEW YORK, May 8.—Heavy prot- it taking in some of the recent strong spots kept speculative enthusiasm in check in today’s stock market but the main ‘price tendency was again upward. Public utilities, motors and low priced rails wera favored by op- erators on the long side, Total sales approximated 1,700,000 shares, The closing was firm. NEW YORK, May 8.—For the seventh consecutive session the main trend of prices was upward at the opening of today’s stock market. The initial demand centered largely in public utilities and industrial specialties. Columbia Gas and Elec- tric, International Cement and Wes- tern Foundry attained new peak prices in the first few minutes trad- ing, Wilson. Company preferred, Westinghouse Electric and Standard Gas and Electric opened 1 to 1% points higher. West Penn’ Power assumed the leadership of the public utilities by moving up 4% points to a new top at 124% and American Water ‘Works moved up 1% to a new high at 56%. Buying of the rails cen- tered largely in the low priced ts- sues, Rock Igland standing out with a gain of 22 points, Mack Trucks were Woosted 1% to a new peak at 154% while American Can General Electric, Dupont, Brooklyn Edison and United States Industrial Alcohol climbed 1 to 2% points above yesterday's final quotations. Radio Corporation and Remington Typewriter each fell fack a point. Foreign exchanges opened steady, demand sterling ruling around 34.84% and French francs around 5.2l%e. Reactionary tendencles developed in’some of the public utilities as a result of selling inspired by the speculative belief that their techni- cal market position had been weak- ened by the recent brisk advance. Utah Securities fell four points and several others yielded a point or so. Rails with merger possibilities were under heavy accumulation, Ann Ar- bor, Wheeljng and Lake Erle pfd: Chicago and Eastern Miinots pfd. and Chicago ,Great. Western, pfd., selling 1 to 2 points higher. America Sumatra Tobacco rose 3% to 39%, or 10 points above the low established on the announcement of recelvership proceedings against the company. Consolidated Cigar and U. 8. Industrial Alcohol moved up 4% and 2% points respectively, but U. 8S. Cast Iron Pipe fell 8 points. Call money renewed at 3%%. * Extensive profit taking in which representative shares like Baldwin, Canadian Pacific, Delaware and Hud- son, Sears Roebuck and Tidewater Oil were depressed 1 to 2% points had a repressive effect on the gen- eral market but bullish demonstra tions continued to be made in par- ticular issues. Liggett Myers, UL. 8. Rubber, Willys Overland and Mon tana Power were bid up 2 to 3 — Business Briefs NEW YORK, May 8.—The Amer- foan Sumatra Tobacco Company, & $17,000,000 concern, was declared to be insolvent {n a petition in bank- ruptey filed against the company in federal court today by three creditor concerns, The Tobacco firm was placed In equity receivership Thurs- day. SAN FRANCISCO—San Francisco bank clearings for the last four months increased $229,24,000 as com- pared with the corresponding period of 1924. April postal recelpts exceed- ed those of April 1924, by $81,962 and April building penmits tnvolved expenditure of $1,066.058 more than those for April of last year. CHICAGO—Loans outstanding to farmers through the twenty-two Joint lang banks in this district in- creased $5,000,000) during the last May 8.— Flour unchanged to 10 cents lower, Vramily patents, $8.00; bran, $26.00@ 0, month, while loans through the four federal land banks increased $1,300, 000. Total outstanding loans now are oe and $151,772,382, respect- ively. re Pouliry. , May 8.—Povltry, ally » 27; roosters, 1Sc; tur: keys, 200; ducks, 24@25e; geese, 15: broilers not quoted s*round whitew $1.00@1.25; hylk $1.10 THANK GOODNESS THATS OVER “Now FER ME CRACKER MAN GLASS OF WYOMIN Gons | GRAIN PRICES (Quotations Vucurevich, Broker) 4 208 Consdlidated Royalty Bldg. Bid ‘Ask Western Exploration - 2.40 2.60 Consolidated Royalty - 1.00 \ 1.02 Central Pipeline — ; K = p ET. Williams rth “Ta |Zump in Values at Liverpool Bessemer ___ Sees Stimulates Demand Western States ---.-._ 18 at Chicago Kinney Coastal e 08 Columbine ~ c 08 Jupiter .. c “09 CHICAGO, May 8—Active trad- Elkhorn . z ‘05 |ing and much higher prices here Domiza’ . “05 | developed early in the wheat mar- - .04 105 [ket today as a result of an unex- .01% | pected upturn by wheat quotations 01 * 92 |at Liverpool was due to open at %@ 01.02 |1 pence decline, but instead started Royalty Producers Sunset Pleardy Atlantic Petroleum OH: | FORGOT TO TELL YOU - THE “MILIKKMAN DIDN'T SHOW UP TODAY- Great Northern 100% .01 | higher and before trading here be- Quaker Ol! 00% = .0L gan showed a*%@2% pence jump. Preston Oil 00% 0014 | A few unofficial extreme low -esti- ‘13.15 | mates of the probable yield of the domestic winter wheat, 383,000,000 bushels was also given attention. At 21g | Chicago open prices %c to 1%¢ higher, May $1.65% to $1.66 and July 54% | $1.54 to $1.54%4, were followed by an 1 ascent to $1.63 for May and $1.55% 7% | to $1.56 for July. 64 Subsequently enlargement of ex- port business, together: with belief that the government report would be bullish led to a further advance in prices. Wheat closed unsettled 2% to 4%c net higher May -$1.68% to $1.69 and July,$1.56 to $1.56%. Live general buying on the part of commission houses gave a decid ed lift to corn values. Receipts here were next to nothing, only 25 cars. After opening unchanged to 1%c higher July, $1.15% to $1.16, the market scored gains all around. Domestic shipping demand here ‘was better. Corn closed firm 1%c to 2c net. higher; ‘July $1.16 to $1.16%. Oats derived strength from» corn and wheat, Starting at %c to 1i¢e advance July 44% to 45% oats had initial strength. In Ine with hogs and grain the tat | Provision market was higher. MacKinnie Oil Curb Stocks, Mountain Producers - Salt Creek Producers Continental -. New York O1! Salt Creek Consolidated 8. O, Ind. LIVESTOCK Chicago Prices. CHICAGO, May 8—{U, 8, Dept. of Agriculture).— Hogs.—Receipts, 17,000; fairly active, 25 to 3c high- er; bull good ani choice 140 to 325- pound averages, $12,15@12.40; top, $12.45; slaughter pigs, $11.00@12.00. Cattle.—Receipts, general trade uneven; slow, no dependable outlet for good to choice welghty -steers; several loads taken off market; mix- ed yearlings, $10.75; bulk fat ‘steers and yearlings, $8.65@10.25; stockers and feede>> in neglible supply, slow, steady; vealers 26c higher; spots more. Sheep—Receipts, 11,000; slow, lambs, opening strong: good to|., Wheat— ya ae eee choice 90 to 92-pound clippers, $13.00 Tipe teh alte ee @13.25. No handyweights sold; best LE OLE UEP BETA held above $14.00; welghty kind aver- f : shee cok aging 100 pounds and up $11.50; good - to cholce-84. to §T-pound wooled Scere Ne teETRCE lambs, $15.75; some held higher; fat Re qseslct Ree RPE CUpped ewes, $8.00@ 45 AGS 45 ABS MK 45% 44K 45% Omaha Quouations. 7 + OMAHA, Neb; May 8.—(U. S. De- AED oR AA: 4EK partment’ of Agriculture}—Hogs re- . 4 0 rar celpts 9,000; active 25@360 higher; | MAY ---~ 124% 1.28% 1.24% 1.27 July <2. 116% 119% 1.16% 1.18% all intérests buying: desirable butch: | 22% atichata i ers.180 and up $11.80@11.90; top $12; | S@Pte --~ LOK 110% 1.08% 1.10 good and. choice 130 to i80 pounds mn 4 . Yi, $11.70@11.85; packing sows $11.25@ suo 15.70 916,77 11.50; pigs mostly $10@11; bulk of evs aotr gh? all sales $11.70@21.90; average cost Thursday $11.48; weight 236, Cattle receipts 1,200; fed «steers apes ines fae and yearlings moderately activ aegnaetees wee steady to strong; bulk $9@10.50; wu TRE) THO mixed yearlings and 1,261 pound : : 19.67 19.65. 19.67 steers $10.60; angus wteers averaging aie pene 1,107 pounds $10.65; she stock and bulls steady; veals strong; stockers and feeders nominally steady; bulk butcher cows and heifers $6.25@9.25; practical veal top $9; fewsup to $10. Sheep 4,500; 500“ directs; choice Cash Grains and Provisions CHICAGO, May 8.—Wheat No. %; No. 8 hard $1.70%. light and handwelght feed wools and hey ante ROGASC acs Ny, clipped) lambs steady to weak; BVP hitbtehe deadlier , 3 white 48@47%c. weighty kinds . ye St ‘ wool lambs 315.5 Loken ATM 80 lipped lambs 0c. Timothy \ seed. $ | Clover seed $18.00@26.00 Ui $15.80, Ribs $17.35. Bellies $20.00 Denver Prices. DENVER, Colo, May §—(U. 8. Department of Agriculture)—Hogs— Recelpts 300; active 30c to 60c high- er; mostly 50c higher, top $12.25 for 231. pound load to shippers; oth- er 176 to 260 pound weights $11.75 Foreign Exchange changes {rregular; ins down to $11.3 $9.75 to $10.50; fat pigs $10.25 to] cables .522 $10.7 $10. Cattle 500; calves 50; one load helt. ers at $8.70 looks strong to higher; all classes around steady; best Germany demand 23.80, ms held above $10; good kind $9.25; few fret? gowns oss, omens |] Butter and Eggs choice calves $5 tu $12 odd bulls $5 down. baa : CHICAGO, May. §,—Butter lowe: Sheep, 6,200; op sales tally | creamery extras 39%; nteady, three loads around 90 pounds | cTee™ : " at $16; three loads on sliding acale | 30%e; extra firsts 384 @ 38; to bring $14.75 if under 92 pounds; | °@@38ci seconds s2@a6c. no clipped Jambs on sale POTATOES CHICAGO, May &—Potatoes, re celpts new 26; old 43 cars: totat U. 8. Shipment 755; new stock demand moderate; market stronger on bar- | C4!er firsts 29@29%c; ordinary firsts 29. storage pack extras 310; firsts 30%. os MONEY; high 3%; low 3%; $3.90@4.00; Alabama Triumphs No. 1, $3.65@3,75; mostly ed $2.75. market strong; Old stock active demand, | Paper 3% @4. Wisconsin sacked For results try Tribune Cl @120 Few fancy shade higher Want Ads. « ‘ ' ts 4 mixed $1.09%4 @1.10; FRIDAY, MAY 8, 1925 ¥ MOU'LL HAVE TO WALK Tro THE STORE AND GET SOME 17'S ONLY A MILE Away - Union Miners Win Decision Right to Carry on Peaceful Organiza- tion Work in West Virginia Strike Zone Upheld WHEELING, W. Va., May 8.—(By The Associated Press.) —A decision upholding the contention of the United Mine Workers of America that peaceful persuasion of miners to join the union in the West Virginia strike zone was not in violation of an injunction of 1913, was handed down today by Federal Judge W. E. Baker. After announcing his decision in the contempt proceedings instituted by the West Virginia-Pittsburgh Coal company .against 17 interna- tional and district officers of the union, Judge Baker declared in open court that he would grant no further | ——— - injunctions until he had heard argu-}| NEW YORK, May 8—Bar ollver ments on the merits of any such| 67%; Mexican dollars & ———_———— case. . ¥ The court set next Monday for a hearing to decide whether the union officers had violated provisions of COTTON NEW YORK, May 8.—Cotton spot quiet; middling $23.35, SILVER the 1913 injunction against acts of violence. WALES WILL TERDAM, Holland, — Rejec- AM VISIT CHILE tion by the tower house of parila ment of the bill ma‘ing an appro- priation for the expense of the 1928 Olympic games in Amsterdam struck LONDON, May 8.—(By The Asso-the Dutch Olympic committee « clated Press)—The Prince of Wales, hard blow. It is. officially announced, has defi- nitely accepted an invitation to visit Chile upon the termination of his visit to Argentine. Stolen Bonds Are Recovered Try Tribune Want Ads for Results. $5.00 Reward Five dollars reward will be paid to the party furnishing the Casper Datly Tribune tnforma: leading to the capture of the person who ts fcaudulently collecting subscriptions trom Tribune subscribers. Patrons of the paper should cot pay an on» their subscription except tl vatrier who delivers the paper or An authorized collector from’ the office. If vou are not sure you are oaying the cight collector, ask him to show ‘edentiali If he can- NEW YORK, May 8.—(By The As- sociated Press)}—Bonds that formed part of the loot of Gerald Chapman, convicted murderer and mat! ban- did, were recovered today with the arrest of John J. Phalan, charged with grand larceny in Connection with a loan of $8,500 obtained from the First National Bank of Lynn- brook Long Island, on some of the stolen collatera’ not do so please call the Tribune. Telephone 15 Notice to Ex-Service Men According to an Act passed by the Legislature of the State of Wyoming, in 1925: Section 1. The exemptions provided for in the fifth paragraph of Section 2753, Wyoming Com- piled Statutes 1920, as amended and re-enacted NEW YORK, May 8.—Forelgn ex: quotations in s cents; Great Britain demand $4,844; to $12; few mixed 170 pound drive |'cables $4.84%; sixty day bills on packing SoWS | banks $4.80%; France demand .51114; I J Italy demand 410; cab- } stock pigs steady at $9.60 tol jes 410%: Belgium demand 604% standards first Exes higher; receipts 24,881 cases; NEW YORK, May §.—Call money ruling rel, firm on sacks, Florida barrel | Tate 3%; closing bid 3%; offered at Spaulding Rose No. 1, $6.00; No, 2| 3%: last loan 3%; call loans against sacked Bliss | 8¢ceptances 3%; tlme loans steady; mixed collateral 60-00 days 3%: 4-6 $3.65; sacked Burbanks partly grad. | months 3%@4; prime commercial by Section 1, of Chapter 50, Session Laws of Wyo- ming 1921, shall not be allowed unless the claim or claims for such exemptions be filed in the County Assessor’s office in the County within which the exemption is claimed on or before the 22nd day of June of each year. LYLE E. JAY, County Assessor. Publish May 5, 6, 7, 8, 1925. TRAIN SCHEDULES CHICAGO & NORTHWESTERN Westbound Arriv: Herpes NO. 608 wanes sennenwenennennne- 1:55 p.m. 2:10 p.m Eastbo: Arrives De rte NO. 688 coc ccsccevecescnncncee 8 45 p. m. 6:00 p. mn. CHICAGO, BURLINGTON & QUINCY