Casper Daily Tribune Newspaper, June 14, 1925, Page 19

DAY, JUNE 14, 1925 Finance BORERS ENJOYING ROSPERITY--BABSON rkers Receive More Commodities for Hour’s Work Than Ever Before in History and Little Unemployment. BSON PARK, Mass., June 13. jer W. Babson seldon. dls- the labor situation. We lo now whether this is because he had labor troubles of his own a burnt child dreads the fire, or fuse labor conditions are funda- ftally a problem of human nature r thin a problem of statistics. Babson institute, however, has Mtly been making some studies feommon labor conditions. the con- fons of which are very illuminat- Concerning these Mr. Babson es as follows: yhatever may be true of any Mom of the country or any Ifne of stry, the fact nevertheless re- Ins that common labor |s today ing more in commodities for an f's work than ever before in the ‘ory of the world. Furthermore, re is practically no unemploy- t today amongst common labor, le the demand for common labor most sections of the country ex- ds the supply. This condition is to many reasons, but probably ls primarily due to the restrictions t have been imposed on immigra- m since the war, People who have it studied the figures little realize extent to which the supply of mmon labor has been cut off. In 13 (fiscal year ending June 30, 14) the year preceding the ‘war, 218,480 immigrants came . > this buntry. During the succeeding ars this immigration has been cut rwn as shown by the following ble. car ear ear June June 3 June June 4 June 3 June 3 ending ending ending ending ending ending ending June 3 ending June 3 r ending J ending J ending This shows a shortage of 9,000,000 during-these 10 y “It Was hoped that the would bring us back to norm —although our best year—19: 500,000 short. Apparently 19 the peak for the present as it timated that figures for will be only about 70 per cent of the ures for 1924 and these will b largely old men and women. In the meanwhile, the demand for common labo# is constantiyincreasing. With the supply being cut off and the do- mand becoming greater, common labor wages are bound to hold to high figures. mmon labor wages in the south have doubled and treb- led since 1913, and in most sections common labor wages are now above the peak of war times. In some sections, where the rate at present is 602 an hour, attempts are -being made to raise this to 80c. “Tt is interesting to note that the wages of common labor have climb- ed upward without the ald of any labor urtion. There are, of course, iystances where common labor 18 nionized, but these are very few. Economists point to this fact as vidence o. their statement that labor unions do not inérease wages n the long run. Labor unions im- prove working. conditions and tend ‘o restrict the supply, but they never ure for labor more wages in the erms of commodities for an hour's vork than ff the unions did not ex- ist. This statement {s apparently borne out. by the fact that the great- est reduction in wages during the past month has been in some of the most highly organized industries such as the textile, shoe, and min ing trades. Most of the wage tn- creases on the other hand, have been among civic employes and com. mon labor which have practically no labor unions. Apparently the old taw of supply and demand, which we all lke to apply to the other fel low (but which none of us Uke to have applied, to ours is still working on the jot n labor 110,618 141,132 430,001 Automobiles, CLEVELAND, June 13, — The White Motor company bas a night shifttat work and now is employing 4,259-men. The company will try the experiment this of closing for nventory Au ember 8. JACKSONVILLE, Nine iced exp were loaded here one ght. going St. and one to San F 'Texar oss ca Radio. JERSEY CITY, June 1 eltine corporation which « patents on ceivers, reports four months of the trodyne seta had t his type he re now In The ntrols eutrodyne radio re that for the first year 129,630 Neu en gold and that th over 500,000 of | Telegraph con | structures | bor* 4 Without any prospering whil. shoe and gextile ly organized employment, “Another very interesting side- light on the situation js the figures which are now available from the stockholders’ lists of certain large corporations of the people who are buying stocks today. The most care- ful records regarding such are kept by the Amerte: Telephone and which divides groups, ‘This union organization, is today as never before, workers, mine workers workers, who are high- are loafing through un- stockholders into 17 company finds that common labor heads the list with 24,217 subscrip- tions and comes second in the IL of number of shares subscrit while dressmakers foot the list with a figure of-only 1,003 ‘subscribing to but shares. Of course, there is a reason for this. Laborers head the ist because common labe~ fs the most prosperous of any group at the present time, while dressmakers are the least prospenous because ready-m women's dresses are so rapidly taking’ the place of the work of individual dressmakers. Of the group of different occupations, housewives come second, folowing common labor. ‘This also illustrates most forcibly the grent change tuk- ing place today; namely, the com- ing of women into a financial {n- dependence never before witnessed. Real estate agents, bond salesmen and bank solicitors find their best © toda re amongst women led ‘common’ labor, which by the way will soon become very ‘uncommon’ if the tide continues its flow in the present direction. “Many are wondering why it {s that new building holdseup so well and sayings deposits are continually increasing, when general .business is not very good. ‘The answer to this is that a very large proportion of the new building is of workingmen’s houses and apartments or other financed by securities 1 by working people, More- over, savi bank depisitors very largely made up of labore »-called. These hi t been caught by net a purchas are common people the ine executives th 1 middie It js true that ‘common la fast getting automobiles on instalment plan, but otherwise pay cash pretty much for what pirchase because thelr credit not been established, even to the instalment dealer. All of this that common labor offers a most fertile field for manufacturers and merchants at the present time. Advertisers would do well to forget, once in a ‘hile, their highbrow cus- tomers and appeal more often to common labor and general. wage workers, Tremeidous changes are taking place fn the status of workingmen. Theetime is fast approaching when there may be more social prestige in wielding the pick and Shovel than in wielding the pen and typewriter. It was only a few years ago that a girl would rather have her sweet- art a clerk In a store at $12 a week than be a carpenter at $25 per week. Today, however, the sensible sirl is weighing the situation care- fully seeing that the carpenter, bricklayer and plasterer may be able to give her a more comfortable home than the bank clerk or some other chap who wears a white col- lar. Considering all labor in all sections of the country it averages up to «bout a normal condition. This fs why the country is more free from strikes today than {t has been for a long time. There is no excess of wage increases or wage decreases. This condition is reflected in the Pabsi nchart, which today registers © per cent below normal. If, how- ever, a Babsonchart were construct- ed in which common labor was the only barometer used, we would find it running 100 or 200 per cent bove normal.” © not alment tl they they has y Drugs. BOSTON, June 13 United Drug company five months of t running for the ales of the for the first year have. been 10 per cent ahead of those early part of the last year were the largest in the history, aggregating $6 compan. 000,000, Groceries. SANS, June 13.— The and Pacific Tea com 66 new stores here, pu into commission The chain o 16 in Louislan Texa will be Increased to 18 months, Bete bre ¢ carriers have 5 Get Wampum NEW Great pany the first In stores operated and Mixsiselppt 350 in the nex ORL Atlantic will open belr ener June The Trib: pum for their subscribe boys about it your subscription Wam OIL LEASES PAY BIG PROFITS Own a Lease YOURSELF Here's a chance to acquire a lease at the right price on the famous ETZ structure in New Mexico. Only $5 Per Acre NEAR A TEST WELL I have just the opportunity for BIG PROFIT you are looking for Write me for particulars and structural map—free. V. E. “JIGGE Room 16 Ferguson Building ER” S STANLEY Denver, Colorado Ask the | Che Casnet Sunday Cribune Bonds :: Stocks PAGE SEVE Grain NEWS AND QUOTATIONS BY LEASED WIR cers STOCK MMT WAS IRREGULAR Oil Shares Raised to Highest Levels Attained This Year By Blas Viecurevich Allis Chemical and Dye American Can --.--.. American Car and Foundry -. American Locomotive ~. American Sm. and Ref. American Sugar aocneee American Tel. and Tel, - American Tobacco ~---....-.. American Water Works ~ American Woolen Anaconda Copper Atch Atl. Coast Line -. Baldwin Locomotive Baltimore and Ohio 3ethlehem Steel .. California Pet. Canadian Pacific Central Leather pfd. Cerro de Pasco . Chandler Motor hesapeake and Ohio <-.. Chicago and Northwestern Chicago, Mil. & St, Paul pfd. - Chicago R. I. and Pacific + Chile Copper Coca Cola Colorado Fuel Congoleum Consolidated Gas Corn Products Crucible Steel Cuba Cane Sugar pfd. Mid-Continent Pet. Dodge Brothers pfd. Davison Chemical Du Pont de Nemours - NEW: YORK, June 13.—With tr regularities outstanding as the prin- cipal features of last week's stock market, ofl shares through specula- tive interests were raised to the highest prices of the year. Authen- tie reports of an increase in Corn- ing crude prices caused stimulation to the point of-heavy demand. The report, which was made for the week ending June 6 showed the first deficit in production for sev- eral weeks. During the first part of the week reactionary trends were in outstand- ing evidence and the amount of trad- ing was reduced in volume because pool operations were suspended for special commodities. Bear traders brought about reactions in a num- ber of instances but effort on their part, evidently failed to dis- lodge certuin stock on the long side, Stee! shares advanced one to three points and there was heavy buying. General Railway Signal advanced nine points over its previous gain. Westinghouse Air Brake gained five points, These developments were occassioned by the report that seven’ railway companies have ordered autoraatic train control equipment. The close was strong and total sales was about 800,000 shares. WHEAT MARKET GIVEN SETBACK Canadian Report Shows Acreage Increase; Corn and Oats Upheld Players -. Asphalt ~ Electric ~ Motors -. orthern pfd. Gulf States Steel Houston Ofl Hudson Motors {linois Central Int. Harvester Int, Mer. Marine pfd. Kelly Springfield --. Kennecott Copper -. Lehigh Valley --. Louisville and Nashville -. Mack Truck ~ Marland Oil . Motors A ~---.. Seaboard Ot) Kan, and Texas Missourt Pacific pfd. Montgomery Ward Nat. Biscuit -. Lead New York Central N, Y., N. H., and Hartford Norfolk and Western North American ~ Northern Pacific Pacific Ol Pan. Am. Pet. Pennsylvania Phila and Rdg. Phillips Pet. Pure OU Reading Rep. Iron and Steel ..-.-: Reynolds Tobacco B St. Louis and San Fran, Seaboard Air Line Sears Roebuck Sinclair Con. Slors Sheff Steel - Southern Pacific Southern Railway Standard Oil, Cal. Standard Oi], C Standard Ot}, N. J. -- Stewart Warner ------- Studebaker ‘Texas Co. ‘Texas and Pacific ------ Tobaceo Products -..--- Transcont. Oil -. Union Pacific United Drug U. S. Cast Iron Pipe ~. U. S. Ind Alcohol ww Rubber U. 8, Steel Utah Copper Wabash pfd. A Westinghouse Electric ~ Willys Overland - Woolworth mous General neral CHICAGO, June 13.—The Can- adian wheat report showing the 100,000,000 more bushels will be har- vested this year than in 1924 caus. ed a decided decrease prices for that grain during past week the United States government re- port that the total yield in this coun- try will be 13,000,000 under the volume of last year, The vheat market today lower. The market was also during the week by heavy the northwest which materially brightened the spring wheat out- look. Reports of the European crop were also good and had a weaken ing effect. The corn and oats markets were upheld by reports of damaging storms. Oats were lifted to a new high level. Wheat— July the ~ and i. . wag 67 weakened ains in Open High 1.60% 1.62 Low Close 591% 54% 57 WYOMING OILS Broker) 208 Consolidated Royalty Bldg. Western Exploration - 2.30 2.50 Consolidated Royalty - .97% 1.00 Central Pipeline - A 50 EB. T. Williams 122% «14 Bessemer 08 = .09 Western 13% 14 Kinney 0815 Colur 04 Fupite 07" orn 04 104 04% 100% OL June 13.—Wheat, 3 + No. 4 hard, $1.64; © No. 3 mixed, $1.14% @1.11%; No. yellow, $1,16@1,1 No. white, 549 wh 519 Xc: rye, none; barley, &7@90c timothy seed, $6.60@8.00; clover seed, $20.25@28.00: lard, $17.2 $18.40 $ FORD COMPAN SETS NEW MRK No. 8! Ge bine wlk} Domi: Picardy Buck Creek MacKinnie Quaker Ol Preston Oil - Wyo-Tll. Riverton Pet. Chappell Burke ! Curb Stocks. Mountain Producers Salt Creek Producers Continental w York Oil . ult Creek Consolidated .. oO, Ind. Humble Oil Ohio Olt The Ford Motor company set new record for production Tuesda M 19, when its assembly plant turned out 7,850 Ford cars anc trucks in the eight-hour work!r day. This record is for the Unitex States plants alone and does not in clude foreign plants and related companies or the Ford Motor com pany of Canada, Lid An interesting thing in connection with this remarkable production ts that the company ts exceeding Its most careful estimates “for May. Current Ford billboards, which were prepared sixty days ago,.carry the message 7,000 More Since Yester- day.” But in actual output the company exceeded thin by 850. Production of the company has been steadily increased during the last few weeks due to the growing spring business and new output records have been frequent, but none approcabing within 100 of the markable figure of Tuesday, On April 28 the domestic plants beat a record of 7,482 established a yenr ago by assembling 7,694 cars ik Basin and wuecks, This record stood until ock Creek ...--.-. | Moy 12 when production to | Sait Creek Lia Ps - CRUDE MARKET, Wig Muddy 2.00 Mule Creek 1.26 Sunburat 1.40 tamtiton Dome 1.08 cerrta . 1.06 “yron .. 1.80 Notehes - -------—---——-————- 65 nd Pilot Butte -----------------—— cander. sat Creek tance Creek RAR! 10 UKE 2.2 nnnnnee reyoull . orehitg ht went This report followed close on | Stanley to Drill Test Oil Well in New Mexico; V. E. “Jigger” Stanley one of the best known ofl men in the mid con- tinent oll-fields, will drill a test well on the Etz strusture in New Mexico to prove up the large block of acre: age which has recentiy been geolo- gized for development. The acreage lies {n the countles of Lincoln, Le Baca, and Chaves and ts considered by oll men as very prom- ising wildcat territor Atlantic Petroleum Corporation, one of the larger independent com- panies now drilling at Ft. Collins has acquired a big block of this acreage and several other important operators will be {dentified with. the field According to Mr. Sts operations will be started about the middle of July and the well will be pushed to completion as rapidly as possible, Mr. Stanley reached Den- ver this week efter making arrange- ments for securing his rig and two or three carloads of material will leave Colorado in a few days for New Mexico. V. B. Stanley inal field ations that have met success, Mr. rge of the development on structure and will have ciated with him a drilling crew c posed of deep hole operators in ifornia, Wyoming and Colorado is ned at from 2500 to 3000 feet cording to geologists who have ready examined the structure. Atlantle Petroleum Country Club No, 1 is now drilling below completing a ssful cement landing thelr 10 inch pipe Atlantic Petroleum Corporation recently acquired 12,800 noted Etz st ture { This acrea lies fh coln and Chaves counties A test well will be lately to develop the and its possibilities 00 feet, N De nley drilling Baca, and drilling be commenced before he end of J Atlantic's ge is close in to new test well. was one of the orig-| announce definitely in the Salt Creek! of 100 per c Wyonitng atid has been night, operators in ent to take effect June 30. atn Livestock om: Cal I Chances Regarded Good identified with several drilling oper- Stanley will personally be in 80+ t anticipated that pay sand will be ac: al- Corporation's t Fort Colli after has | es on the | Mexico w started immed 2 structure uly, thi ‘The directors of Atlantic Petroleu: a price advance nid. Eve an’s Investment rym Moral for Reference Railroad Bondholders. wee was made in a recent | hi article in this series to the effects of| the class of } mote mpetition on the busi-| this threat ness of the railroads and the conclu-| Jar bond is sion was drawn that. so long as car] as a whole it is a sound princip! loading figures continue to increase | irvestment practice not to buy be there is no reason to belleve that| which have a lessened margin this competition would ever result | property Otherwise the bv in displacing the railroads the | is depending on earnings to pro freight carriers, his investment and might just This conclusion is inescapable but | well take stock with more risk it should be remembered that it ap-| haps but also with a larger plies to the railr 4 whole and| end more rtunity for profit not particular line. Small| It will not do to apply this branch lines are in some cases seri-| indiscriminately but in the mal ously threatened by motor truck.| will be the wise course to fol Many of these branches would never | Perhaps som shall hav have been built today for the truck | consider the aeroplé well lean se the territory more eco:|»y truck as a fy tial fre nomically and just as satisfactorily. | carrier but there is no hurry a In more than instance railroad Usually the layman execu ha hi trouble of this ditic are supplementir on just as the profess omet en substituti the] too late, Changes bre motor truck for the locomotive | lence The moral of this to the holder of railroad bonds is obvious. He should —_—_ to it that the property on wh neh lines subjec car ¢ For even if this part fo any one thas ve and ind “ or | w« ional ht al and in tron-work tles very wy INVESTING IN JUNE BRIDES The expense of the June bride begins before she isa bride—that is, among util- ity companies. Long before the wed- ding bells have pealed she has cost $100. That sum was invested to be ready for a new cus- tomer—long before “he” knew “she” was going to whisper “yes.” IN PRODUCTION NATRONA POWER CO. TRAIN SCHEDULES CHICAGO & NORTHWESTERN Westbound Arri NO. 608 2-26 swnwnnnnnnnnnnene- 1:66 p, m Eastbound Arriv No. 622 2... wan~ 546 p, me CHICAGO, BURLINGTON & QUINCY Arrives Dd. 2:1 Departs 6:0 artes Eastbound No. 82 No, 80 2... Westbound No, 29 . No. 31 Departs Departs vet 8:35 p.m h bond is a lien does not fall within feu an obligation of the road i onds in per ur rul n lo r n the b inves out thelr effects on sec o. m. p. m. M P tote the port Cho T cen the ind to rat to fro ahe figu I j 4 Aut mee red get H mote meeting was th vehi aute All Markets / ay Automobile Output Reaches 404,300 Total of cs t and some slight and, accord- proceeding usually June, are time, there shading oft ingly, the cautiously. Reports fror alc that J srovement over roduction truc United 8 aled 404,300 in May, estimate based on shipping re ts submitted to the directors of the National Automobile | ps Orns York. | most sections of the he fact that t ber] pects in the south t under the ich} are being aff edictions motors is in makers cars according to the deal however, , Will be an Jurle, 1924," in and southwe drought a ons depe' will te ambe April ord mont . I tr high rec conservative ustry. new in tt producti nuf indica Output is 33 per cent 1924. When Canadian | Januar it Ip expected that the | sduction will be are not her demand m the field ad of May ures are in 1 Am an und 420,000. | as orders | fonows | folloy Jealers report 404 sell 4.509 00° AUTOMOBILE C. OF ¢. AGREES — TO FIGHT AGAINST WAR TAX uthor as cam: | a by selling cue rs a possibie prices, we do in this di- ains th Fed nt on cars asking ul war cles was n nove what ill classes of onal tl Chambe erce om n 1 tax of nt on me de there s omobile ting 3 per tru and parts. When 1, there will | |e here | repair ing to the pock+ u ymot lieves sable $400,000 vernment r that with surnus over expenditures, lev at appin probabl: The automobile motorist all the ime taxes, as the income levies, corporation It imination and al poi n al taxes over q y 1 axat > Ads in re. is |to the states ul of | tr and | general ots there bus mov s the pay es wh war ch have been rec y wart such this wh on to | against 8 8} in h ha thes HL ation ¢ eting. king e y witt the C ‘one to uirman ¢ and ‘ommittee, a "The fa effor idressi ine costs." been | | } the | ies have v to ATLANTIC PETROLEUM CORPORATION'S Country Club No. 1 at Fort Collins Now Drilling Below 2,700 Feet REASONS WHY Atlantic Stock Should Be Bought Immediately c Per Share 1. COUNTRY CLUB No. 1 is now drilling near gusher pro- duction, The famous WHITAKER and VER STRATEN gush- ers are on pipe «ine. The MEYR is standing in oil with more than 2,000 feet of oil orted in the casing, momentarily ex- pected to drill itself in as another great gusher. The BLUNCK, and the W. S. & S., less than 250 rods from Atlantic's derrick are drilling in favorable formation, closer still to Atlantic's lease. reduce Nesults on the Wellington structure right near the Scott well now being brought in by the Union Oil Company of California The Scott is bottomed at 43380 feet and reported standing in several hundred feet of oil, waitin to be brought in under control with rotary equipment. So sure is the Union of BIG JSHR PRODUCTION that a gas trap has been set up in anticipation of a big well. This Atlan- tic acreage considered by oil men to be a super-location for big production is being proven by the Scott well. Recent acquisition of 12,800 acres on the noted ETZ structure in New Mexico where a test well will be started im- mediately. Atlantic has close-in holdings to this test well. 4, AND—MOST IMPORTANT OF ALL: Definite announcement is made that the price of AT- LAN eee stcck will be advanced to 3c per share at MIDNIGHT, JUNE 30, This is in line with announcements that the price of ATLANTIC would be advanced to 8c per share when Coun- try Club No. 1 reaches 8,000 feet in depth. The big bit is now pounding on the home stretch at Fort Collins and the 3,000 foot mark is almost within a Sac ae dis . At the present rate of drilling the goal may be reached BEFORE JUNE 30. EXTRA SPECIAL OFFER of 40-acre Mexico, h purchaser Atlantic owns 80-acres Petroleum Corporation res, at 1% cents per receive 1 40-acre oil and gas lease as a bonus as long as this limited amount of acreage last If you are unable to handle 40,000 shares, rush your order immediately and we will give you a proportionate interest in 40 acres, Or, better still, invite some of your friends to come with you for 40 acres of YOUR OWN, We are authorized financial agents for Atlantic Petroleum Corporation, Only through us can bonus acreage be secured on the ETZ structure with purchase of Atlantic stock. In buy- ing from us YOUR money can be used by YOUR company as it is needed for development Last call—SEND YOUR ORDER IMMEDIATELY —1'%4c per share. Cash or on 10 equal MONTHLY payments without interest A.A.HALL &C nbers hange. Deny Riteokatse Main 4570 filea in 711 17th St. Pros. er Chamber om e Bonvic Colo. 9.6.25 wit on réquest TRIBUNE COUPON This Coupon Is Worth $2.50 on One Airplane Ride Wyoming enat Present th d $2.50 at ¢ Field t the « 0 Alrwaye Landing