Casper Daily Tribune Newspaper, May 21, 1925, Page 8

PAGE EIGHT Oil :: Finance :: Bonds :: Stocks NEWS AND QUOTATIONS BY LEASED Che Casper Daily Cribune Grain OIL AND GAS PERMITS SSUED IN WYOMING all BRINGING UP FATHER A ile Be PR SS ES AT Le TAS VLL JOST LEAVE YOU HERE ON SUGAN'S STEPS > WHEN HE FINDS YOU -HE'LL TAKE YOU IN AM GIVE YOU A GOOD HOME - Im | SORRX | HAVE TO alt RID OF OU Casper, ali of =i ot 3 Reed, Denyer, Colo., artholomew, Mar ot 18-} , Meteetse; all Walton, yenne 3. Oakes, Denver, Colo.. all 36 etcher, Osage, all: of Axtell, ‘Thermopolia, all of | r, Casper, all. of| i Colo., all of} Denver, E% NWK # Cheyenne, ath BI : » 1 Co., Kemmerer, all 7 . Whitehead, Rawlins, all ¢ monsen, Thermopolig, N% lw SW of 36-44-98. Allis Chemical and Dye - m1 | American Can a American Car and Foundry ~- 10745 h American Locomotive 124% —— . Araarican Sm. and Ref. eh Industrial Issues Take Lead 7 American Sugar ---- 2 in Tradi i ee American Tel and Tel. 138% ABonen Gotham 5 : eedtitt | American Tobacco -- 94 xchange ; ; LANSING, Mich,—Indications are| American Water Works - 62 FO AE: Ae cme anufacture | 14+ the sugar content of the Mich-| American Woolen 39, et YORK, May’21—Heavy. pro- a. bho asia aatacn Lbs a8 par card walbantad Coppae 39 | fit taking, particularly in the pub- ) grape Lt per cen Uc utilities, failed to check thi : 1 Lumber co year mpared with 10 per|Atchison ~~. 2 Ne ee 4 10 of the 6,000 new | cent the dyirh ‘KOtCoaic Lane 16244 | Ward movement of prices in today's oe tik gAS ly : Ralawin-Tccomotive 1154 | Stock market. Oils: made’ a brisk ane Rulsiore, ahaaOkic response tthe announcement of EANS—The mills of the | Bethlehem Steel . igher export gasoline prices and Pine association last week | ATLANTA—'The dusting of cotton | coitornia Pet. 30% |Fumors of increased djvidends by ‘- ) of lumber, About | flelds with calcium arsenate sprayed | Canadian «Pacific ~ 145. |£0me of the larger companies. To- d 900,000 feet were shipped and 79, fom automobiles has been so suc-| Central Leather pid, tal. sales approximated 2,050,000 ered. Unfilled orders | cessful that weevil insurance is bs] Gero ae Pasco _- shares. The closing was firm. t 17,700,000 \feet ing freely written in Georgia. In-| Chandler Motor ees demnities 3 : of from $7 to $10 an acre} Chesapeake and Ohio " NEW YORK, May 21.—Under the Autos. are offered growers and premtums| Chicago and Northwestern -. 55% | influence of favorable trade reports, l Paige-Detroit Mo- |" from 50 to'80 cents an acre. | Chicago, Mil. & St. Paul’ pfd. 14% | buying of representative {ndustrial a tor ¢ as added 200 deal- “St 1 Chicago, R. I. and Pactfic - shares expanded at the opening of ee today's stock market, lifting prices substantially higher. Intimations of ght g to Chile Copper CLEVELAND — Northern Ohio e popu rec ‘ 10 | Cocoa Cola -- . f ‘ ; steel plants are running at about 75| Colorado Fuel o 39 | further advances in crude oil prices : per cent of capacity with Ught back | Congoleum —- 26% |and reports of decreasing gasoline }logs. Prices are unsettled, Couvolilatea Gan te 85%.|stocks stimulated the oll issues. mau in the and the} JOPLIN, Mo—The lead market ts | Crucible Steel TM | ero. polnta/led -aneaaraneyiie ies m3 (CS fi n the last week | trong and predictions aré that the | CUD Cane! Sugar pfd. Sea chandlstig stocklot tae ot OW ba n increase. Of | present: ptice of $95 @-ton for.lead | Me continent Pet. - aoe gteals” punlie: utine dnd ha! ; 1 eae k Olli pros] See ent eal i Dodge Brothers pfd. ~. TTY) Eceels DUDE) UNHty Sd Aer eres ill again advance in the tri-| 52 \ison chemical 39 |dising shares attracted the bulk of Qn 5 state fields, Du Pontde!Neiours 165 |early buying orders. Indications of iy v a ee Erle az 23 |seneral improvement in the indus- De Vheat, ea ai 06% | try lafd the basis for an advance in Fm PORT WORTH — Harvesting of Se AaebaE eee United States Stee! to 120, within gin in south Texas} Generar Blectric sec. 2g3 |the first half hour with Bethlehem, about June 1. The demand for har-| Geheral Motors. -—~ 76% | Ludlum and Gulf States Steel Join- t rhe vest hands) will be Ry, jess than | Great Northern pfd. - 65% Le the upswing. Detroit Edison, panies are running prac-|last year in Texas. The last rain | Guie states Steel - 86 teh Securities and Virginia: Rall a apacity and most of them | will not be cut in the Panhandle be-| srouston Oil. - way and Power set the pace for the 16 de to carry them | fore September. Hiidsdn Motors? 524, | Public utilities, early gaing ranging ca — Frtalk Gestealtc 1134 | from one to almost four points. Dis- Fruit san Fvepiolooa “rallrGad ‘in canoer [2b ar tentne 210 | the regular ised Sominen GhvisgNt SACRAMENT x) : Unseasonable trating 15,000 sei cars +6. basis ap bab eestor oes cs was reflected in a break of Sates rh rains are injuring California fruit.|the wheat crop in the states trav- Ran von tt ‘Ccbpar 7 50% | than a point in the stock which had tc : in Sacramento valley | ersed by the system, Kansas will ure} renign Valley _. 79 |% restraining influence on other r ting and becoming unfit to]about 40,000 outside harvest work- | Touisvitie und Nashville... 112 |S0uthern and southwestern rail a itave: heen: hitdd |ebs thie eéavon. Rrmec ec 178% | Shares. DuPont opened more than x Maviané (Ol 424 | three points lower, Foreign ex- ved Me ~ 111 | changes were steady at the open- ee eae) On 16% |1"s with demand still holding Foreign Exchange [110° xan ant Texas any [*TounG $4.80, : NUginiinl Pastore: Some irregularity cropped out as but trading broadened, the main Montgomery Ward nm NEW YORK, May 21.—Foreign | * I tiocuie trend of prices continued upward nt exchanges irregular; quotations in aes aed throughout the forenoon and the Great Britain, 485 11-16;| Nationa ms impetus of aggressive bullish demon- ‘ew York Central ARE TAKEN IN 86 1-16; 60-day bills on banks ‘rance, demand, 515; cables, demand, 406%; cables, strations in the public utilities. West Penn Power sonred 9% points and Havana Electric Railway moved Belglum, 600; Germany,.| North American | 49% up 8 polmts. ‘Baldwin Loco’ was Northern Pacitic ~ pushed above 117 on expectations Pacific oll. or that the company would share i Pan Am. Pet. B generously in the prospective heavy Pennsylvania equipment Phila and Rdg. buying of the railways. Under cover of the ralifes, however, : SUGAR ‘is nt . . ° q Phillips Pet. ~ traders took the opportunity to un- Ot Ten Gallons of Liquor Pure Oll Yoad other stocks with the result $n 7 * | YORK, May 21—No im. | Reading > that American Can, Famous Players. rh Found in Auto of | ment was reported in new| Rep. Iron and Steel - Columbia ¢ Utah Seturities and " | business in refined sugars, but with-] Reynolds Tobacco B -- Willys Overland developed marked u Fay Willeford | drawals of old orders were again }1-| St. Louls and San Fran. - heaviness. sey Central led an ’ *) : beral. Prices were unchanged at [Seaboard Air Line advance in carries stocks and - | to $5.70 for fine granulated, | Sears Roebuck - there was good buying of Wheeling i hood inal Binslair Go and Lake Erie, Rock Island and . pves ig ase ap s8-Shef! other so-called merger rails. In- 4 iptate wn: | Rah Be RY - we jouthern Pact creased public participation was re- i " , ie $2.69; September $2.99-] Southern Rallwa | flected in the heavy first hour's sales ‘a y y ‘ . Standard Oll, Cal | which exceeded 600,000 Call % | Standard Oll, N mor ed " t 1 Te § rt Warner € scar, ie! Siam’'s Fature | roxas Boras It Texas and Pai Tobacco Products . rices, King Sees U.S. . 14 | mh See Ley, 1 of there iss served as a ranscont. Oll - 5 ; seetParatiee tae , 4 ntly gained state: | Union Pacific ~ 139% | 9c bi pies da heat La = Oagepe nee ye tryed United Drug ~ 127 | ie utilities and specialties, Utah Be- ‘ in) the trial of Sherif U. S. Cast Iron Pape 181% | curities, Federal Light and Trac- ‘ ests tay chile ind U, 8. Ind. Alcohol - 87% | tion and Dupont selling 64 to 8% t had paid ‘protection U. 8, Rubber 45% | points below Needay's, final hates . sg Sar haar 5. Steel 119% | tations. Bu developed, how. i m arrest yper 4 r, in Ward Baking A which soar- ne ah es = oer abash pfd. A ed nearly to 160. Westinghouse Electric Willys Overland -—. Woolworth 1 Business Briefs ——. | | CRUDE MARKET | t ; JEFFERSON CITY, Mo. — State » Big Muddy ios Lit agricultural officials report 74 per i. pee eee —— prt cent of Missouri's plowing and 61 > UNDUE naanenneennneennnnnnnne 1. nt of the planting has been Hamilton Dome — ree done, as compared with 65 per cent Perris . - 130] °% the Plowing and 55 per eent of Neiknas own gg | tHE Planting at this time last year, Pilot Butte —aaeeenenemeneea— aed BOSTON — Twenty-two painting eee a 2/16 | 224 decorating firms have’ announc- $ rer Sa Mo nen neeeeeeee ne 2:15 | C4 they will maintain dpen shops and = “Pe Creek Sig [are offering inexperienced painters 7 on; Osage | — wonenm Oy, | #1-10 an hour. The unions claim 2,200 at COTTO pdord ee Ught 3.38 | painters are out. * f © eacecsen--cnegeene 3. ee J nt, ~< || Torehiight - 2,00 SEE Der cd aw ral May 2i—Cotton| > Siam’s crown prince is dotng) | icy” Basin —— 3s] SHREVEPORT — Production of — 4 e Prince of Wales. . That is, he's k Creek a. 2.00 electric power by public utility ! ire 1d. He te. PANS Chex TR REAN 1,69 | Plants in Loutsiana increased & per m once ve hy fc ; ie ts ‘teat a paecsin acy weer ei cent for March, as compared with in New York. * He ts traveling) March, 1924. » |LIBERTY BONDS ]| as Prince Chandabntri i - ——- — - - a a | SILVER Trew. ‘EW YORK, May %1.—Liberty | MINNEAPOLIS, Minn., May, 21.— ! 1012: first 44a] NEW YORK.—Glenn Frank,| ! || Flour, unchanged to 10c higher; in 3101 third | editor of the Cer magazine, ae 1 family patents quoted 41,8 $1UL48:| cepted the presidency of the UAf | NeW YORK, May 21,—Rar ullver in $8:pound cotton a : | voralty ef Wilaconatn STMc: Moatcan dollar IMe $27.50 @28.00 DUGAN HAS A BIG HEART. HE WON'T REFUSE A STRAY CAT A HOME: I'm GLAD WE COESN'T KNOW IT WOZ ©1925 wy Ierl Featune Service. wad t Britain rights reserved. (Quotations by, Blas Vucurevich, Broker) , 208 Consolidated Royalty Bldg. ; Ask Western Exploration 2.60 Consolidated Royalty 1.03 Central Pipeline 50 EB. T. Willams 1" Bessemer ---- 10% Western States 13 Kinney Coastal 09 Columbine - 07 Jupiter . Elkhorn Domino ~. Royalty . Producers H 205 Sunset 00% 01 Pleardy .. OL 02 Atlantic Petroleum ~--- .01 .02 Great Northern -.----..00% .00% Quaker Ol —— ~- 00% 01 Preston Ol ~. 00% 00% Mountain Producers .. Salt Creek Producers Continental New York Oil Salt Creek Consolidated -. Chicago Prices. CHICAGO, May 21—( 8. De- partment of Agriculture.)}—Hogs— Receipts, 30,000; uneven; fairly ac- tive; opened steady; later sales most- ly 10c higher; Nght ght and killing pigs show l5c to 25c advance; big packers inactive; bulk good and choice 140 to 150 pound weight, $12,25@12.40; top, $12.50; packing sows, mostly $10,65@11.00; bulk strong weight slaughter pigs, $11.75 @12.00; heavywelght hogs, $12.00@ 12.26; ght Mght, $11.50@12.50; slaughter pigs, $11.25@12.25. Cattle—Receipts, 12,000; fed steers and yearlings of value to sell at $9.50 upward; fully steady; lower grades, steady to weak; shipping de- mand fairly broad; yearlings and well finished medium weight in broadest demand; early top matured steers averaging 1,515 pounds, $11.00; several loads medium long yearlings and medium weight, $10.75@11.00; fat cows, slow, steady; little change on canners and cutters; strong weight cutters, $3.50 and better; some uneasiness on bulls; practical top on heavy bolognas, $5.50; bidding 50c lower on vealers, mostly $5.50@ 9.50. Sheep — Receipts, 11,000; — slow: sentiment strong to higher on Call- fornia springers; few early sales of odd lots fat natives, fully steady at $14.50@15.60; culls, $12.50@13.0! packers bearish on clipped lamb: sheep, steady; off lots of fat heavy ewes, $7.00@7. heavies, downward to $6.25. Omaha Quotations. OMAHA, "Neb,, May 21,—Hogs.— Receipts, 10,000; mostly uneven, 26 @50 higher; close at full advanc desirable butchers all weight, $11.75@12.00; pigs 50c to $1.00 hig’ er; strong weight pigs, $11.50@12.00; bulk of all sales, $11:75@12.00; top, $12.50; average cost Wednesday, $11.48; average welg Cattle.—Recelpts, . and yearlings, moderately active, steady to strong bulk, .$9.00@10.25; she stock and bulls, lower; steady to wea veal steady; stockers ‘and feeders, scarce} bulk ‘butcher cows, $5.25@7.00; heifers, $8,00@9.25; bo- logna bulls, $4.75@5.10; practical veal top, $9.60, Sheep.—Receipts, 6,000: » lambs, slow; about steady; 93-pound fed wooled lambs, $14.35; bulk fed clip- ped lambs,’ $12.50@12.76; top, $12.85; native springers, $15.00; shorn ewes, $4.50@7.25. Denver Prices, DENVER, May 21.—Hogs,—Re cetpte, 2,900; steady to 25c higher; mostly 15 to 250 higher; top, $11.85 paid for 231-pound load packing y; best kind early, $19,00 Cattle.—Receipts, 2,000; calves, 50; over half of run billed through, nothing done early’on beef steers; talking lower; some held around $9.75; fall steers, steady to weak; calves, 59 to Tbe lower! other classes around steady; good helfers, $9.10; practical veal top, $11.00. Sheep.—Rece!pts, 1,706; nothing done early; talking around steady: no California. springers on sale; of: ferings mostly wooled lambs. eq, Butter and Eggs CHICAGO, May 21.—Butter, high. er} creamery extri 40%c; stan. dards, 40\%c; extra firsts, 39@39 40; firsts, 37@S8o; seconds, 32@S6c. Eggs, higher; receipts, 25,962 canes; firsts, 30%@3lc; ordinary firata, 29'%4c; storage pack extras, Ker firata, I2Ko. TH Livestock :: All Markets —Drawn for The Casper Tribune by George McManus 1? SORRY TO OSTURG YOU; SIR: > ‘vv MAFAT PRES SEN SETBACK Crop Improvement Exerts Bearish Influence in Chi- cago Demand CHICAGO, May 21.—(By the As- sociated Press).—W heat turned downward in price today after inl- tlal gains. Reports were current that all through the western part of Kansas, the wheat crop shows de-| celded improvements and that pres- ent conditions indicate a yield above the average. A widely known “ex- pert was quoted as authority for predictions that much of western Kansas would yield 30 bushels to the acre. Opening prices, unchang- ed to half cent higher, May $1.70 and July $1.55 to $1.55% were fol- lowed by moderate further gains and then by a setback all around to below yesterday's finish. Forecasts of cloudy weather and lower temperatures led to further declines later. The close was wea 1%c to 2c net lower, May, $1.6 and July $1.53% to $1.53%. Persistent selling weakened the corn market. Country offerings to arrive were reported to have enlarg- ed. After opening at half cent low- er to %c higher, July, $1.151%, corn prices underwent a decided general sag. i Subsequently, standing orders to buy on declines brought about something of a rally, corn closed un- settled at the same as yesteri to ! | | 1 finish, July 1%c lower, $1.14%% $1.14X. Oats were easy, sympathizing with corn. Starting at halt cent off to %c up, July 4470 to 45c the market kept near the opening figures. Provisions were a littl> firmer, Wheat— Open High Low Close May ----1.70 1,70 1.67% 1.67% July 1.55% My 1.53% Sept. A6% 148 1.45% 145% Corn— May July Sept. Oats— May 44% AB duly Aa 4494 446 Sept. --- 44% 43% 43% Rye— May 1.20% 117% July 113 1.14% 1.11% Sept. --- 1.05% 1.06% 1.04% 1.04% Lard— May 15.80 July 15.85 Sept. 16.00 16.10 Ribs— May July Sept. Bellies— May ---- July _ Sept. CHICAG hard, $1.6 $1.12%: Onts, white, ley, non arket Gossip Wall Street Briefs. Calumet and Arizona Mining com- pany has declared its quarterly div- idend of 50c a share out of earnings and 50c from reserve for deprecia tion and depletion, pa June to stock of record June 15. Quarterly dividends of a share have been paid since 1923. Three new dire cancies the bodrd States Stee ors elected to va- of the United Smelting and Refining company are John R. Macomber, Herber F. Winslow a Frederick Ayer. POTATOES CHICAGO, May ceipts, new, 24; old, re; total L 8. shipments, 678; trading, rather slow, market, about steady; Wiscon sin-Michigan, sacked round whites, 1.—Potatoes, $1.05@1.25; bulk, $1.15 to $ . New stock, trading slow, market, weak and unsettled. eres aS Poultry, CHICAGO, May 2 lower; fowls, roosters, 144 22c; For results tr Want Ads Classified J of ¢ COME RIGHT IN- JAMES?! Pilot of Plane ; in Record Flight Lieut. C. H. Schildaur, one of the two navy fliers who the super-seaplane PN-0.in its record breaking endurance flight of 28 hours, 36 minutes, prob- ably will be named a member of its crew for the San Francisco Hawaii flight it wil] attempt this summe: eo INJUNCTION ON TAK To aOUGHT (Continued From Page One) that the state board of equalization valued the same and it was duly placed upon the assessment roll and the taxes paid. It is shown that on February 1, 1924, ) plaintiff had in tanks in Natrona county 5,140,517 barrels either on hand or controlled by it, all of which was a part of the crude produced during 1923 which was returned for assessment and the tastes paid thereon for the year 1924. In support of its contention that the county board wag acting with- out authority, and had not properly or lawfully the right or power to impose such an assessment, tt is shown that between June 6 and De- cember 3 Jast year the board had not made any attempts to place said tax upon the rolls, but that Midwest and other companies had at various times between those dates taken proper and legal precaution to op- pose in the courts if necessary the imposition of the tax, and the ques- tion of good faith on the part of the commissioners became a_ serious question with the companies inter- ested, it is claimed. On December Jommissioners G, ‘T, Mor A. Hall signed a notice records of the county board , county to blame tax rolls | hat the same was | by the board of] the time set by law, | nor was definite action taken | at the time the valuation was sub- mitted to the state board of equaliza- tion. on from the upon # Arriv an arbitrary value of $1 per barrel for assessment pur- poses, the commissioners ordered something over 5,000,000 barrels of crude ofl in tanks {n Natrona county assessed as of 1924, the amount ap- proximating $89,000 in h taxes, the taxes on this same crude. oll having already n pald onpe be- fore under the law proylding for the payment of a production tax and that to tax it agaip) as: personal property for that year constitutes double taxation and violates artici 1, sectio of Wyoming constitu- tion, which declares that all taxes shall be equal and uniform. 'Thig is the plaintiff's principal contention. It js further cnotended in relation to the illegality of the tax that ft violates the Fourteenth Amendment to the’ Constitution of the’ United States, and states {t 1s also vold because the property ‘was not omitted property but” known at al! times to the. taxing authorities and Is not taxable after attempts to! place the same upon the tax rolls! were abandoned In 1924, and ‘that it | may not ‘now be: placed uyion the| roll. It is pointed out that such | authority as there ts at law to put omitted property on the roll after the year in which, it is wssessed re- lates only to real property, and that in any event If it can be'taxed twice in teh rame year it must be taxed by the same taxing board instead ce by the state board of equall- for the production ites. and URSDAY, MAY 21, 1925 THE BOY HExT COOR, FOOND YOUR CAT OF MR.DUGAN'S DOOR STEP AND BROUGHT HIM BACK TO grou mi again by the county board as per- sonal taxes. ‘The plaintiff further sets forth that it has for a long time been an extensive operator for crude oil in the Salt Creek field, for which it mainly derives its oil for refining at Casper, That the development of Salt Creek was long retarded by withdrawals of the public lands and by the pendency of proposed legis- lation before “gress. Thet upon the passage of the leasing act titles were settled and government leases issued upon the greater portion of the Salt Creek fiel That about June 15, 1921, the United § sold certain unleased lands within the structure at auction and leases were issued and drilling commenced shortly after. From that time for ward the development of the whole field was materially increased and a large production brought to the surface of the ground. That plain- tiff being an operator and producer of ofl within the field was obliged to join in this development and to , Protect its own interests and the interests of persons for whom it was operating. On this account and partly be cause of the express drilling obliga- tions, including offset wells con- tained in government, state and pri- vate leases, and partly on account of the high gas pressure heretofore existing as a natural agent to bring the oil to the surface of the ground, and partly on account of the largé oil content of the sands in Salt Creek, plaintiff's supply has been Breatly in excess of what could be absorbed by refining and ohter uses in the state of Wyoming. It is further pointed out that Plaintiff has heretofore adopted and maintained the practice and policy of refining its Salt Creek oil within the state of Wyoming, and to insure a continuation of such practice and policy and to protect itself against adverso conditions, it has accumu- lated at its refineries in Casper its surplug oll. This constitutes a ré- serve which permits continued oper- ation of the refineries upon an even basis and operates as an insurance and protection against pipeline breaks, diminuation or failure of gas Pressure, diminuation or failure of oil supply, exhaustion of the re- coverable content of the oil sands, catastrophes and other adverse physical and economic conditions, After the oil was accumulated the Salt Creek production greatly lessened on account of the reduction of gas pressure and the extraction of recoverable ofl, and the supply obtainable by the plaintiff is now but slightly in excess of its refining requirements. Production from Salt Creek will hereafter diminish at a rate which cannot be accurately esti- mated, says the petitioner. The existence of this storage oil, there- fore, is of extraordinary benefit to the plaintiff and if this illegal tax by were to be collected traint and sale of any storage ofl the p Breatly and irreps damaged. The petition closes ‘with allega- | tions that the defendant, as ex- officio tax ycollector, is obliged by law to collect‘ taxes and is attempt ing to ¢ollect and will collect this tax unless restrained by the court The prayer is for both a temporary and per injunct Herat lcatalso i} iste Twenty Years the dis. t of this would be ww Mrs, Bernice Zalimas wan sen tenced to 20 years In prison follow ing conviction in a Chicago court for poisoning her husband, Domi nick, She protested her innocence and blamed “Jealous” neighbors for f the charges lodged against her y