Casper Daily Tribune Newspaper, July 5, 1925, Page 14

PAGE SIX 3 Bonds SERIOUS, IS BELIEF Babson Believes Pessimistic Reports on the Wheat Crop Are Exaggerated; Stock Market High, He Declares ‘ ON PARK, Mass., July 4.—, the present high prices of stocks and the past two weeke Ro; the@pessimistic talk which 1s now son has been making a study | comgng from certain interests {s one of the crop situation with a view of] very good indication that ‘we are det real meaning of | entering a period of real business the rop report. As-| improvement, In addition ‘to the government [ig-| general reasons above given, this is are correct, Mr. Babson be-| borne out most clearly by statistics. leves that their importance is being | Most of the fundamental subjects exaggera His complete] show an improvement over 4ast year, notwithstanding the pessimis- tic talk you hear today, is ae follows ‘ock market always reaches s lowest point during the early What Statistics Indicate portion of = period of depression.| “Check transactions for Miy After th siders have accumu-| amounted to $49,114,000,000, 17 ee t lugs as they desire} cent ahead of the figure for May, ives, they begin to) 1924, Returns for three weeks in optimistically, This] Jun_ indicate even a larger increase. continues through-| Fallures show considerablee 41m- PLANNING FOR THIS, FAMILN'S VACATION i} | [p's A WONDER Yo | WOOLOMN'TE SUGGEST - SOME PLAcE* By Blas Viccurevich the period of depression and {s ompanied by rising stock market provement for the Habilities of firms falling in May were but 7: per cent Allis Chemical and Dy Can es, Ast people have large] of May a year ago; while the num- | American = nec holdings, they are naturally | |r of firms falling has not declined | American Car and Foundry -- 102% inane Oe ue che market, | as much, but is now 6 per cent be-| American Locomotive Hence they give ptimistic in-] low last year’s rate, Bullding is terpretation to all news whenever| unusually active an evidenced by | American Sm. and Ref, possible; they endeavor to suppress} contracts uwarded and permits. | American Bygar --—-~- had news and exaggerate good news.| May, 1925, operations in twenty | American Tel. and Tel. | This situation continues throughout | tending cities were $207,295,000, | American Tobacco - am the period of depression until the! white in May, 1924, the value of per. | American Water Works'----- 61% market climbs to high figures, wher, mits totaled but. $185.486,000,. Ce. | American’ Woolen - 3 these n t operators begin to liqu-| ment production was 15,503,000 bax. | Anaconda Copper im date. SRA rels, an Increase of 32 per cent. ai rob Scrat 7 Stock Market Now Hig min : Atl. Coas 3 = Tiphe gtnese MAE CRUE aa Recent foreign trade statistics |poiawin Locomotive a The stock market usually reaches | show improvement, with exports in| pay highest point at the besinning of = ; Baltimore and Ohio s highes t § of | May, $870,000,000, 10 per cent larger an er C r St s hd ded : ‘Ber! Bethlehem Steel - - an era of improvement. Statistics | than last , while Imports gain- | pethlehem Ste 5 ndicate that we are at or approach-| 64 § per cent to $328,000,000, Car | © Ae e at present. Thi Canadian Pacific - ing such a at y S| loadings are running close to one] & account for the liquid: n which i) ©} Central Leather pfd. -. - accounts for ha e million a week in spite of lghter| Coreg ge, Pasco a is going on now in the stock mar-| coal shipments, while merchandise | Gyro aier Motor : ket and explains why wise peoplé|in tess than car load lot#4e consid. | Chander Motor - 36% nov ng their profits. Grad- : Chesapeake and Ohlo - = 95% | are now taking their'p erably aboye all previous records. | 5, Northwectari 63% ual as the insiders sell out, they t car surplusages continue Chicago and Northwest ern --- ing turn pessimistic. It is an old Wall although there has been a | Chicago, Mil. & Bt. Paulpfd.. 15% Street quotation that ‘the greatest | gradual decrease since. April. On| chicago R. I. and Pacific .-.- 433% bear is a sold-out bull.” Surely this! June ist, there was a surplus of Coca: Cola -- - has been true throughout my life-| 394990 cars, compared with 345,000 | Colorado Fuel x time and very noticeably so. After| cars on April ist 900 | Congoleum-Nairn 7 the insiders liquidate, they begin to] pre comptroller reports that | Consolidated Gas - ggerate bad news and suppress/ hank loans have increased 8,000,-| Corn Products - good news, because they then are] 999, and deposits $1,291,000,000 since | crucible Steel 7 interested In producing lower prices, | tat year. Statistics on money rate | Cuba Cane Sugar pfd. - 3 having taken their profits in the| ghoy- commercial paper lesa than 4 | Davison Chemical AU of this means that if] yer cont, about the same as a year | Dodge Brothers pfd. medium sized wheat crop is indt-| ago, Retail trade is showing a gain | DU Pont de Nemours { when 5 cow, this} Over iast eyear: April, the » oat re_ | Blectrio Power and Lights ctts eat crop rted as a ‘fatrly | cent month reported, was the largest | Erle Firat pfd. ~ probably be| on record. Production in many lines | Famous Players ! < & prices.’ Jf] is high; 404,300 automobiles and | General ‘Asphalt . the go nt forecasts | trucks were produced in May, com. | eneral, Electric milar crop when the stock mar+} pared with 421,800.in April and g04,-| General Motors - s very high, then these same] 099 in May a year ago. 860,492,000 | Great Northern pfd. erators state that ‘the crop Will| gations of gasoline were produced | Gult States Steel - every short and prices very low,| in April, am increase of 106,000,000 | Hudson Motors thus bringing great losses to the} gations above April, 1924. An in-|liligols Central - agricultural district.'. This seems] crease of 18 per. cent. in New Cor-| Independent 0. and G, ~ to be the situation at the present] porationa formed during May com-| Int. Harvester time, and readers must recognize Int. Mer. Marine pfd. pared with May a year ago, would seem to indicate ‘optimism regard- ing the outlook, And one of the most ‘encouraging conditions {a that the purchasing power of the Amerl- can farmer has increased about 10 per cent over last yent “In view of the above figures it is evident that statistics bear out the statements previously made. Our @nly difficulty today is that our manufacturing capacity 1s too large for present demands, As the manu- macturer makes his real profit on the last 25 per cent capacity, profits are now not very good. The. same the fact when considering crop re- ports. “Without doubt the winter wheat crop will be a disappointment this fall as to bushels, which will be less than for several years. Moreover, from present indications the world wheat crop will be quite good, thus keeping world prices down to a fair figure. On the other hand, the United States tariff on. wheat must not be forgotten, which means that the American people must pay con- derably more than the world market. Hence our western farmers should Mid-Continent Kennecott Copper Lehigh” Valley Loutsyille and’ Nashville - Mack Trick = Marland Ot! Max. Motors B Ctfs, Mex. Seaboard Oi! Pet. Mo,, Kan. and Texas Missouri Pacific pfd. Montgomery Ward Nat. > Blecuit eenene Nat. Lead ---- he able to make a fair profit even on! general principle applies to the re- ‘ew York’Central — 5 the present crop indications because | tailer. The total consumption of | N. ¥- H,, and Hartford’ -- | the price to our farmers should be} goods is excellent: at the present | Norfolk and Western ~~ 128% quite good. Hence I believe pes time and the per capita purchases | North Americar S 40 mistic crop reports are being exag-| of all articles ts probably grea Northern Pa 6d erated and that even the wheat| today than ever before. The’ di Pacific Oil ..-- 6 grower may have a falrly good year. | culty comes from the fact that the | Pan American 75%. Business Men Should Be Hopeful “However, the purpose of this in- terview Is not to discuss either the stock market or the wheat crop, but to urge business men to Keep on an margin of profits is smaller and that these profits must be divided among a great many moro retailers than heretofore. If we would just | stop for a while building factories | even keel and not let either the bulla] and small stores, this situation © the bears of the stock market} would quickly right itself arid rock the boat. I want to impress] everyone would be better off. In| ipon business men that the finan-| the meantime, the Babsonchart, stil! | olal Interests are always bullish dur-| continues around the normal line ng the early part of a period of im-| and at the moment is J per cent provement, All of this means that | above normal.” Investment each year. Bo far ae the figures go, however, it passenger and freight carrying which is chiefly .at- fected, Bankers and investment ad- visors are continually speculating as to the time when the motor business will reach what they caJl.the satu- ration point, that is the time when enough automobiles will have been manufactured and sold to meet all needs and-only replacements can he relied upon for new business, How ever that may be ent that the capacity BY GEORGE Copyright T. HUGHES 1 Press is Consolidate ciation) the Annual that ecard to Report useful in the status may be ob- annual re s in that are entitled to but too take th of appe Importa It often 5 ite © Sl to take business away rall and | road is still galning, t J the! The N Pacitic report goes « place | | he competition of ¢! al ts ‘ncreasing and tl ‘ ng a large. proportion n b ‘ r of business, formerly han = t © rallroac Unitke the n the o e competition the Panama | number of p | nal aff | Canal affects on western trans ors carried w uimoast startling. | continental system with them Th 1923 the ern Pacific trans |i¢ {se a very serl atter ported 4,706 ussengers while in| ‘These facts are of more than pass. 1925 the number ‘was 3,607,987, a J0"8 | ing {nterest to holders of railr of over 28 per cent securities and not alone to Investors The chairman of the board. ob:|In Northern Pacttle stock. In my | erves: “The automobile, motor bus | next article I shall marize other and motor truck are t ng m ire nteresting facte culled from this business, both freight and passenger ! name report } eee ! 7 ah r , 7h) | CASPER TO RAWLINS STAGE CARS LEAVE DAILY AT 920 A. M. FARE—S12.68 Saves you approaimately 14 bourm (rave! between Casper and Rawlins WYOMING MOTORWAY reek eeamarersevee Se peBie. Uitice Salt NS SIENE in \ t | Sears Roebuck Pennsylvania . Phila and Rdg. Phillips Pet. - BM Pure Ol) - 5% adio Corp. -.---- 7 Rep. Iron and Steel .- 10% Reading -. 36 eynolds T 7 Louis and § 8315 | Air) Line Seal Sinclatr Con Ol Southern Pac Southern Railway Standard Ol], Cal Standarc Stewart Texas Co, Texas and Pac Tobacco Products --- Trans@nt, Oil - Union Pacific U. 8. Cast Iron Pipe - U. 8. Ind, Aleohol U. S. Rubber -- U. 8. Steel Wabash pfd. 4 Willys Overia Woolworth oo — — CRUDE MARKET | TS Big Muddy wevecanemeemmnncone 3.00 13 Mule Creek ---------ennenene SUDDUSSt aennnnnnennqnnnnnenes Bamilton Dome ..---necnennn-= Ferris - Byron Notches PLOt Butt onan mmm nnn Lander « -----, ee net nam Sd Cat Creek nanan nnnnnnnnn nnn Lance Creek --nnneanenennnnn= Owage ..- = Grass Creek, Ugbt BOO DULL = eens mene eee TOPebg ht oaa—aaaeemennnn an mk Basin od Rock Creek ----------ennna--— Sait Creek ——— DETROIT— ‘The Hudson factor) produced approximately 28,000 cars in June and are scheduled for 30,000 in July. Hupp sales in June pproxi mated 8,200 or 35 per cent over June. 1994, More than $2,600,000 in unfilled orders were carried over to July and business is coming in rapidly. new NEWS AND QUOTATIONS BY LEASED WIk. CROP SITUATION NOT” {BRINGING UP FATHER— EL HAVE TO 00 ALL THE | §| CHICAGO, July 4.—Twenty | did not strike off represented an in: | veetment of $300,000. The Casper * ur Daye riburte Stocks Grain iTS MORE TROUSLE- THAN ITS WORTH TO FIGURE OUT A VACATION TRIP + XOU'RE BETTER! AY VHAT AND BESIDES -1™ TOO BOS AT THE | OFFICE - ©1925 wy Iwre Feature Seavice. Inc, Se Great Britain rights reserved ATLANTIC TO DRILL NEW MEXICO LAND Western Exploration 2.75 2.85 — Consolidated Royalty . 1.00 1.02 ; Central Pipeline ~ 45.50 b Di Foll db Flood: of Stockholders in Fort Collins Test to Get Second} ."" wulame << x0‘ |Santa Barbara Disaster Followed by Flood o essemer ---- re f Ara ie a 7 West Btat 13 Z A F M C f Run for Money in Operation Planned ees pate plications From Many Cities o Columbine 04.05 fic C R In Southland. Sepiter .. 05 = 08 | Paci c Coast egion. Bikhorn --. 04.05 FORT COLLINS, Colo., July 4.—, spudded in by July 18. This test well | Domino 05 06 fhe Santa Barbara disaster t Atlantic Petroleum corporation will|{s expected to reach the pay sand,} Royalty: Producers -. 0S .05%3 K has ors'l beeysd) ter rulasice Oke eatae or oor start a second drilling opera- the, great Fxiio Me approxi Sree ae ave to forecast the future a the important companies on. ately 0° 3,00 : Me tes srotect that class of busines Atlantic's first well is now drilling] Atlantic's string of tools will ar.|MacKinnie -~ pages Paar canaie iieor ihe'l gavereaiondee Peepers: owners. in below 3,000 feet on the Fort Collins |rive at the E."T. Z. structure in ai} Chappel: ~~ 16120 eee eat venta which ‘can not be| New. York and other large’ cent structure and Country Club No. 1] few days and no time will be lost | Quaker Oil ~_. 00% | .0078 | roreseen have given a new impetus |are considering applications for mi is expected to reach the pay sand, |setting up the rig and -rigging up, Preston Oil" 00% 00% | the last year to one important | Hons of dellars worth of quake and based upon the present log of the| preparatory to spudding in. Burke ---- Bere phe tie om of tibustiie ende insur-| tornado protection well as it is checked with other pro-] The E. T. Z. strueture is well | Buck Creek 1011 | cnee, Business men have discovered] Several inquiries are ately 4,400 feet. mF s far inspected the y. - trade to a large degree by scientific} town buildings. _The company's second drilling op-| acreage is surrourded by other arill-| Girh Stocks. niethods, exactly) as ithe. weather eration will be on the E. 'T. Z. struc: | ing tests. bureau foresees the prevailing winds, ture in New Mexico where the com-| Every effort will be made my At-| Argo Oil 5.50 6.00 | nut they know they can not forecast | pany has 12,800 acres in De Baca, Lincoln and Chaves countries. Geologist Etienne Ritter and .V. “Jigger” Stanley made lovation th!s week for the well, Under pres- ent arrangements the well will be lantic to gomplete the Country Club No. 1 at Prt Collins at the earliest possible moment. The hole {s in ¢ cellent condition and the company will press operdtions under two tow: ers on a night and day shift. Oil Well Failures Total 23 Per Cent of All Holes Drilled, Research Shows ree; 8pert more than $1,900,000 on five Per cent of all-wells drilled for of | *!!Ures. i egy “The loot of stock promotion ailures, according to 4/| faxerg who took the public's money statistical bulletin issued by tac and never drilled at all is a loss not American Research Foundation here.| figured ‘in these estimates, There “Drilling of! wells has cost $1 is as much danger today as in. the 000,000,000 since the beginning of the | past in investing in fly-by-night oil Rn have been oll industry,” says the bulletin, “and | schemes and companies not backed all the oll eyer recovered has|by.a-personnel of intelligent and brought ‘the producers “only $7,500,-| skflled oil operators. 000,000. Bighty per cent of wells| “Only companies equipped with drilled in wild cat territory never | scientific and thoroughly trained struck oil. men have more than a_ fighting “Dry holes for the last few years | chance to.win in a business that is have resulted In an average loss to| becoming more costly each yes erators of $90,000,000 a year. Prob-| With increased expenses-and a less the costliest failure ever drilled | than average stock of of! in, stoi n’ California where a well that | this year, prices of gasoline are in evitably due for, a slight summer,” was One company Refinery Capacity Up 141 Per Cent in Five Year | | The indicated capacity of the +of building will have a capacity of | | | ols a {11,000 barrels daily. ) | WANTED—Woman to work for hus- petroleum refining plants of the | 11,0) 1 aakeerehnniat CHICAGO & NORTHWESTERN band’s room and board; must United States has reached a total of | ‘ pare. nee 9 | | Westbound ‘Absivae Dehatts clean and good cook; no 2,804,842 barrels daily, states the De- |, witha || No. 603 : eee 1:30 p.m. 1:50 p.m Bes CES epee: (A5R8 ment of the Interior, in cont-| rated capacity barrels . Eastbound Departs | menting on a statistical report pre-| daily, ranked as the second state | No. not tana weneenn-~----- 5:45 p.m. 6:00 p. m. HELP WANTED—MALE pared by the Bureau of Mines. The | Oklahoma, with 345,950 barrels, was . figure represents an increase in daily | third; New J¢ with 243,000 bar CHICAGO, BURLINGTON & QUINCY BOYS! refining capacity 8,687 bar rela, was fourth; Loulsiana, with an Arrives Departs ys! WANTED | of more than per cent, for | indicated dally refining capacity of Se 4:00 p.m To sell papers. Call at Tribune | perl 1918-19 T | els, ranked ae the fifth 8:10 p,m 8:35 p.m at. 4 o'clock 0 complete refinerte nnsylvania, with 143,940 | Ds Sat Be ¢ 87 r was sixth. W I 6:50 a, m, 7:10 p m REMED on January 1, 19 lana, Kansas uset 9:55 p. m. y four refineries {n| and Ohio. followed the « Sp a ome areas . H s of construction. named. Petro ies ext eu : the: total refinery capacity,|in 31° different . st: the large plants operating on May 1 had an|number,.1.., being in Texas. Okt: indicated capacity of 2,511,817 bar- | homa, with 93, ranks second; Ca rels daily, while those in shut-down } fornia, with’87, stands third: Penn? condition had an indicated cayxicity | syivania, with 69, Is fourth: and of 34 barrel » | Kansas, with 34, t9-fift Plants in nr NATRONA TRANSFER, STORAGE & FUEL CO. WE DO EXPERT CRATING’‘AND PACKING. ESTIMATES FREE. MOVING OUT-OF-TOWN HAULS Phone 949 rise this | Livestock : DELIGHTFUL ~ BATHING WYOMING OILS Quotations by Blas Vucurevich, Broker 208 Consolidated Royalty Building Mountain Producers Salt Creek Producers fined to the forward part of the vessel and the wooden crib-work. enough increase CHICAGO—Beef trade showed im- provement during the last week, due to better demand and limited sup. plies. Farmers are finding it excep- | will ree a year. nature ayd have determined to pro: SUNDAY, JULY 5, 1925 - All Markets HELLO -MAGGIE t | ‘| THINK SEA SIDE Beach "WOULD BE A MICE PLACE FER OS TO" SPENO THE SOE Ns Wi, | INSURANCE AGAINST _ QUAKES SPEEDED UP 7 tect themselves, accordingly. This Continentaly= - tendency has been emphasized in New, York Oil IRE the last two weeks by the tremblors Balt Creek’ Consolidated °.. in Montana and Santa Barbara. 8. O..Ind. = = There has been a rush for -carth- Humble = quake instirance not only from sec- OHlore= tlong where such phenomena is not | o¢f ‘line. Faseasens unknown, but from districts where | such occurrences have never taken | * . place. It {s reported from Boston | Business Briefs | {cet s,covites, Som poston flesh so that runs could be | Classity,” 4 if dry weather should de elve approximately $2,000,000 fie Ee Vegetables, tionally profitable to feed corn to} 'TA—The Sout. rail be | hogs at present prices. has voluntarily made redue- ——— tions In freight rates on mixed veg- KANBAS CITY—No adverse re-| etables from middle Georgia ranging ports are coming from pasture areas | from $72 to $96 a car, This is ex:| gyyat 4s to conditions of grass or weight | pected to stimulate truck growing | -heck in tull gain of cattle. Marketing of grass-|in a section which hitherto has not| Note the | fed cattle has deen sufficient to re-|been able to compete with south | about iven over-gr Gee ed condition of some tension of Big Lake field, The UNION Label Can be used by the following firms, who employ none but Union Printers: Uhe Casper Dally Tribune Oil City Printers. . The C Herald Bervicehty Printing Co. The Commercia) Printing Co. Hoffhine Printing & Stationery Co . Slack-Stirrett Printing Co. OF GOOD WORKMANSHIP Lot Casper Printe: Print tor Casper THE TRADEMARK eight years to run and is every po! for $90,000. Quick action TRAIN SCHEDULES Address XYZ, Tribune nd Florida S | Tribune WANTED Man With the NERVE to Take a Chance and the GRIT to Take a Profit which is richest in Texas. There , or $10 per acre. necessary. foreroing counting the words “ate per word tor the Casper Daliy Classified Rates ‘Two cente per word or tep cents NO AD LESS THAN 30 CENTS. Five average words used as s asis of estimating a line. BLACKFACE CAP HEADLINE will be charged the space of two charged advertising will lines” trrespective of CLOSING HOUR. Want Ads to be classified properly must be tn the Casper Daily Tribune Want Ads received a. m. will be inserted | taken out $45,000,000 earthquake In | Copyright, 1925, Casper Tribune) | surance. Underwriters throughout | ines. | PHILADELPHIA—Reports that | the great New England insurance|, All the steamship Malolo being built | Centers are generally quoting pre. booked vast tines? a ‘ate e es bei ag “a t pum here for the Matson line was des-| miums of four cents per hundred | ‘"* troyed by fire were found today to | aoi, | have been exaggerated. The Cramp | ofrices in Los Angeles are’ being jcompany is hope ful the completion | qooded by demands for coverage. | office before 10. | of the vessel will not be delayed at | __ after 10 to 12 Jall since the fire damage was con-| pastures and cattle now carry |under the hea ‘Too TELEPHOND ADS, | Careful attention will be given all ads received over the TELEPHONE, but we cannot guarantee accuracy. CLASSIBLE Daily Tribupe not be responsible for more than Insertion of any ad- ordered for more than Errors oot the fault of the advertiser which clearly lessen the rea) value of the advertisement will be rectified only by publication without extra charge within FIVA) days after iusertion. | velop. NEW ORLEANS—The Mississippi | on el | Barge Line has been offered so much} SAN FRANCISCO—Tlie beard of |CORRECTION OF freight that the government author-j| public works has been authoriz AD BRRONS. ities which contrdl the line have au-| by the city council to contract with| The Casper thorized expenditure of $1,100,000 forthe Pacific Gas and Electric com an additional towboat and ten steel | pany for distribution of power over | 2ne Incorrect barges | the company's lines from the city's | verUlsement a Hetch-Hetchy power plant. The city | 2ne Ume MENTS, ne accompanied by casb or payment of the vame. instructions HELP WANTED—Female I want to sell one of my 80-acre 10-year leases located in the great Crockett County, Texas, field where a wildcat has just been brought in and sold to the Humble (Standard Oil Co.) for $1,400,000. Th is ex- a well drilling on this tract and is within 30 days of completion and is touted as the next well in the field. Circumstances force me to sell part of my holdings and will sacrifice 80 acres for $800. Lease has ; s near a cinch as there is in an oil field. There bility that this lease will be worth $80,000 in a short time. 160 acres bought near well that just came in for 10 cents per acre seld No cepublica> made when the error y affect the sense or purpose of the advertisement OUT OF FOWN ADVERTISE