Casper Daily Tribune Newspaper, August 30, 1925, Page 18

PAGE SIX Stocks and DAILY IRREGULARITY RULES - IN STOCK TRADING, | A \ Oil Issues Remain Relatively Firm in Face of | Additional Reductions in Price of Crude; Some Stocks Advance. } A A YORK, : Liquidation of the ofl shares failed z ss including s on further cuts in the] 4 were bid higher du : d via Mid-Continent crude and a| B m of the sto rice Wi hich extended as mmnrked by @ re: price war wi 2 sular tendencies ut the middle west, Evi- ted throughout th es of an oversold condition tend: | he closing ¥ strict short selli | eG. Oil isst m in the fa tions in cru the day amoun shares. Stiffer money ness over evide: manipulation tn ponsible for during the weel 1 shares wii sed a reat Brit either side. 1 Motors --. aes ue Great Northern pfd. ~ | Gu States Steel - Downward Movement Started With Government} tiuis Report on Visible Supply Continued Through Short Session Yesterday. CHICAGO, Aug 9. — Ext Ope High Low ¢ to 12c « bushel tr \ ‘; i 1.53% 1 : 1 a . 1 Marland Oil a t sion ' Mes. Seaboard urther recession in Mid-Continent yt t = Mo., Kan. and tartan By Meets [ 85% S $5% | Missouri Pacific pfd. ple supply on the t of the govern: | ¢, nery Ward - nt. Septem the « 1 Southern Pacific mn ay idard OM, Cal, Standard Oll, N. J Stewart Warner - Btude re Texus Co. aS Texas and Pacif . f fst | Tobacco Produc and photograpt eth ; ay erar 1 exhibit ods of o} and refining in | mipanisalesee us parts of the world for those'| tc hs and riptive matter con visit the Wyoming Bullding,| cerning thei lds, so different from those tn United States; anc home of scientific and technical ex- nd nearly $1,0¢ which plans to sj Bs Raltimore and Ohio -. wnadiin | We Grains New York Stocks Last Gale By Blas Viecarevick lis Chemical and Dye -. an Can ‘an Car and Foundry ~. Locdmotive an | Sdgar au Tel. and Tel. n Tobacco merican Water Works --. merican Woolen Me naconda Copper -. tehison -- 6 tl, Coast Line - 186B aldwin Locom: 116 ——- 80% hi ifornmia lehem Steel Pet. - aelfic Cane Sugar j n Chemical igi Pont de ectric Pow ty 1 depend t. Ha and G. at O, and Western < Tobaeeo and Sen Fry Air Line nclair Con. Oil ae pid. inghe Overland iily oolw WYOMING OILS hibits, at the third annual Inter-| 09 at the Bz ‘or new eqguip-| natfonal Petroleum Exposition and| ment. My attention] The Drake Well, t oft wen | er 1 to 10. arilled, wi s put down Representatives of foreign Ivania in 185%, will be kept | f countries, s of the Expo n the memory of oll men by sition, bot and abroad.|a facsimile to scale, perfect detuil,| | ys Alt G chairman which will be gn exhibit on the the exhaustly ction, which grounds, Todls used at the d ludes pe fields of es-|of the Drake Well, whic: w h ion, models of |to the Wimbly Exh cars ar u-| have been returned sands of differs the Exposition. cc S rigs, th des of pe BY GEORGE T. HUGHES That one reason r investment — the c to lessen the risk, and there | Government t {4 « In all forms of money-repre: It may be instructive to senting obligations, by divers ry how this has-coma about. The reason that the the Investor can learn some ot get the half per cen from thi of savings more or so that the savings bank procedure. reives with equal security is that out of consideration is unable to buy as mahy differ- | nt factor of « t issues of bonds. If by any gement and rigid nce something should happen to he first thing to © particular the loss fs n savings bank | gible to the ings bank where: | yy est the rr ‘ou have entru: t t trous’to.the-in+| ™ to tham they do not look for a ! lal. Diversification 1s then an-| ; return. The bonds that the lay r point superority. Ix lows the say ank to buy are the i the men who have the-re-| < that the rich-quick promote {bility of investing savings| © neers at st w ' t funds are trained’ in their bus: | 5; 1 1 They are in close touch with | ,,, f them only 4 | | curity markets, in closer! en sa is essentin!| touch than 4s possible for any t . itions there | Afvidual who ts necessarily absor is never a reaching out for a n his own bysiness. Have a Care! We observe a constant regard for your furniture every min- ute it is in our hands and vans Savings Banks Are Sate | why savings banks are safe, Bre = tted that t ond place because of t led te these banks have Qvoldtions by B r ated Royalty Vucurevich, siilding xplor sidated entral Pi v lon yalty 200% OF 003% 85 10 Petroleum ... orthern on - reston Oil, “py Curb Stocks, ountain Producers . 20% alt. Producers 23% ‘ontinental - s v York Ot t Creek Consolidated 0. Ina. ou umble hio Ol CRUDE 26 to 86.9 gravity 7 to 39:9 gravity Muddy BABIN <oeceseeesewensea=: Moving without breaking, brui Np Aieerenpar ac BaP ing, marring your pieces is our nds Gicbex ‘iighttcosa ce business. We have raised the ms Shr ade RNASE tandards of moving withoutin- . || {e300 creasing the expense! We think irule’ Gros ia we can move you better than vanmeet x a thers can. Let us prove it! Osage 16 Y Sunburst -... <<... 1 4 See Ben Transfer Co. || iiihiten Dome 7 1.05 JUST PHONE 74 rérrts 1.05 7 1.30 Stanley Overbaugh, Prop nyt, rs THot 1.361 | Peceivership | sections and miany lines. Che Casper Sunday Cribune TRIBUNE . BABSON -‘TALKS PAPER AND PULP INDUSTRY Canada and Rayon Should Be Watched, Statis- tician Declares:in Discussing Late Slump _on New York Exchange. BABSON PARK, Mass. Aug. 29. ~+-During the last depression in the stock market ‘the, pulp and paper companies suffered severely, esy/ cially the securities of some of the best Canadian companies,, such as the Spanish River Pulp *& Paper company, the Laurentide company, and the Abitibi Power & Paper com- pany. The stocks of the Intern tonal Paper company in the stat were off severely while the Riordan company, one of the targest owners of pulp lands in Canada, went into and has since beei ken over by the : International ‘per company.’ During the past year, how the price of nearly } of their stocks. have shown marked increases and Mr. son has been asked as to what these in- cr is been es have 3 follows: “Of course the general,rise in the price of pulp and paper stocks, dur- ing the past year has been due pri- marily to the general improvement in the stock market as .a whole. S.ocks all seem to go up and down together, the good and the bad. When the general tendency of the market is upward, practically all securities are taken with it and move in the same general direction. But in addition to this fact certain events have happened which have erially improved the investment nding of pulp and paper com- panies, Among these be men- tioned the followin. Advertising Has Become a Necessity “In its early days, advertising was looked upon either as a stunt or a luxury. The largest advertis- ing unts were those of the cir- cus companies and patent medicine manufacturer: To advertise heav- ily was not considered good form and even some of the largest depart. ment stores never did any advertis- ing. Then there was another group which advertised, as they said, tor good will; but a study of their copy shows that it was largely to satisfy their vanity. Today, however, the situation is entirely changed and ad- yertising has been the means of re- ducing selling costs in many lines. aper advertising is not only sity but it is one of the very investments a business firm Furthermore, the good- due. best can make. § monopolies which are far more*profitable than any of the so-called trusts. ‘Moreover, thus far y to ute which are nsclously formed by ers, fous business depres- t monopolies thus being un nati dve: “Dur iderably, but not so during the recent depression. Now most newspapers are running more adver- using than ever before even though general business is quiet in many Even ad- experts are suggesting in years to come more advertis- ing space will be required in dull umes than in boom times. This it is believed, that manu- and merchants should even go into debt to purchase adver- tising space. Of course, this is very good for the publishers and tends to Increase the use of paper for it means that advertising, which was more or less erratic, is becoming a le industry. Heonomists even of the time when newspaper publishers will be a great factor in steadying business conditions by taking out the peaks and. valleys by raising the advertising» rates in boom times, to serye as a check on the situation, and lowering them in times of depression to, encourage buying. ‘THis situation has undoubt- edly helped paper securities, Declining Paper Supply “Another factor in the situation has been a declining supply of pulp wood. Of course, this has al ays been held up as a danger sig. nal, and alarmists point to the in- crease in price as the result. How: ever, the increase in the cost of wood pulp has thus far been mainly Jue to the increase in wages and Hving of the men who are sent into the woods. A chart of the price | of bacon and beans coincides al- most exactly. with a chart of the price of pulp wood as {t comes from the forest. On tho other hand, little has been done In reforestation and, of course, the wood sultnble for pulp is continually decreasing. More. over, If reforestation 1s to be done on a commercial basis it must be done in the south where there ts His reply | plenty of rain and sunshine. Up to the present time the best examples of reforestation may be found at Bogal , La., where the work has been done under the direction of General Manager Sullivan of the at’ Southern Lumber company. of the fact that the natu- de- in “In vie ral supply of paper is on the crease, and that reforestation Candda may be impractical on count of its slow growth, the ddiane are talking very st sly about restricting the exportation of pulp wood, or of putting on # yery beavy export duty. If this is done Ontario and wesiern Quebec fear a vetallation by us in the shape of a goal embargo, uz.d as they are rath- er far from the coal fields of Al ber and Nova Scotia this is of serious concern to them. What the eutcome will \¢ enly time can tell. Personally I believe trat the future of both Canada and the States lies in co-operation reciprocity rather than in retaliation and tar- iffs of any kind. Artificial Silk Becoming a Real Factor “Artificial silk, or Rayon as it is called, is rapidly becoming a fac- tor in the pulp wood market. ew people realize the tremendous growth of this industry which puts pulp wood in at one end of a ma- chine and turns out slik at the other end. Of course up to the present time this silk is not as trong as real silk, It does not wash well and does not take dyes the same as natural silk, but improve: ments are rapidly being made. The increase in use of-artificial silk, or Rayon, is largely responsible for the revolution now taking place !n the textile industry and the unemploy- ment resulting in those mills which have absolutely bucked the rising tide of Rayon. “Up to. the present time the newspapers and book publishers have been the only customers for wood pulp, although some is used for wrapping bundles, etc. In years to come the textile field will use more pulp than the newspaper field. This means a higher price for Ppulpand newspaper. Without a doubt this will bring in substitutes, but up to the present time these substitutes are not very practical. We hear about the conversion into pulp and newspaper. Without a It is very possible that some an- nual product of the fields will be found as a sv ute for pulp wood, but nothing up to the present time has developed. Security Outlook “AIL of this means that pulp wood lands should continually increase in price and pulp and paper plants which own these lands should make a large amount of money dur- ing the next few years. When it comes to a long distance study of the situation the keenest investors are placing their money in south- ern lands rather than northern lands. While the supply of pulp wood lasts, the northern lands are more successful, but as we ap- proach a time when it is necessary to depend on reforestation the southern mill will be in a much more strategic position and much closer to the source of supply. Most of the northern pulp and paper mills have water power which will increase in value and which may some time take the place in in- come producing ability of the wood a lands. This is especially true of companies like the Spanish River Pulp & Paper coinpany, the Laur- entide company, and the Abitibi Power & Paper company in Canada. This is also true of the Internation- al Paper company In the States which is now in control of the New England Power syndicate, handled by Chase & Harriman. “Considering «\erything, the pulp nd paper stocks as an investment look fairly good at the present time, although’ they are selling at very high prices. Each plant, how- ever, should be studied. independent- ly as.to Its Available pulp lands, its undeveloped water power, and its future outlook as refgrestation be. comes a. necessity. In the mean- time newspaper and other — pur- chasers of papers must be prepared to pay gradually higher prices in years to come, especially in. view of the demand which is coming from the textile t{hdustry, General bus!, ness is showing some improvement, the. Babsonchart now registering. 7 per cent above normal, while at this time last year {it was 14 per cent below normal. Co odity Sewing Machines. BOSTON—An effort is being made to: reorganize the New Home Sew ing Machine company of Orange, prior to a sale of its at public auction next Monda sets Beans. DETROIT— The white pea and bean harvest“ in Michigan is just starting today, with early beans be- ing pulled near Alta and Portland, The crop.is said by observers to be the best ever produced in the sta Lumber, NEW ORLEANS—Production at southern pine association mills last week Increased 2.3 per cent to 71, 700,000 feet. New orders totaled 75,- 900,000 feet and shipments 75,300,000, Unfilled orders total 247,700,000. Electric Equipment. CLEVELAND—The Cleveland fac- tory of the Lincoln Electric company running 65 -per-cent-of cap: Trade News after trying an experimental vaca tlon’ period which permitted all em- ployes to leave for two weeks at the same time. The company claims this system did away with doubling } up. Building Materials, | MIAMI, Fla—The embargo on building materials declared by the Florida East Coast rallroad and the Carolina. Steamship company 1s ex- pected to be lifted as soon as consign: ees move goods now congesting the docks and freight sidings. Shoes, WEBSTER, Mass.—Five hundred plece' workers of the A. J, Bates shoe factory here are on strike, following announcement of a reduction of 10 per cent. © Day workers have not struck. Corn, HARRISBURG, Pa.—Weather has bet) favorable to corn in this Herel by William Basil Courtney ————— Copyright, 1925, Warner Bro: “THE LIMITED MAIL” . Warver Brot SYNOPSIS Fowler, mail clerk, and Caroline Dale are attending little Bob Fowler's birth- day party when a boy arrives with an order for Wilson to take out the Lim- ited that night. This hat been Bob's ambition and he is elated. Little Bob begs to be allowed to make the trip also and Jim agrees to take himiin the mail car. Caroline invites Jane Gor- don, who had arrived at the party unexpectedly, to pass the night with her. CHAPTER VIII—Continued “Put me wise to all this bunk, old kid—you fooling around with a bunch of greasy railroad micks— and your old man with millions enough to buy this and every oth- er road in the country and split the ties into toothpicks— “Why did you come here?” pleaded Bob angrily, “when I told you I never wanted to see or hear with Monte Blue, fs a plicturization of this story by Pietures, inc, a child Bob loved as much as if he] $16.00 for nut and Bob Wilson, freight engineer, Jim| were his son! An odd mixture, Bob | coal. thought philosophically—the best and the worst in his life, under his hand for the whirlwind dash through the night. The last crosstrack of the Yards was behind now, only a clear and long right of way ahead. Bob pull- ed the big throttle—it was fitting that a giant engine should have a giant throttle!—wide open gradually, giving the Limited a full head of steam that presently sent it pound- ing on the straightaway at better than fifty. The grade up toward Eagle Pass would begin soon; he must make time now, while he could, for it would never do to smudge his reputation, which had won this assignment for him, by dropping behind schedule on his section of the run. And Bob knew, as every engineer knows, that it is from you again. Why can't you go —and leave me alone?” “Ain't you the nice one, though? So friendly like! Wi go all right, Bob, when you get your old man to come across.” “My father has disowned me and you know it. I haven't a penny in the world except what I earn by honest work here—” “Listen, the old man will listen to reason if you put it to him right. And I'm telling you now that I'm going to camp right hereon your doorstep until you do.” Caroline came apologetically into the room at this moment with Bob- by to give fair warning that it was time for Bob and Jim to be off. Jane glanced spitefully at her, then turned back to. Bob and concluded in a low, menacing whisper, “And, furthermore, I'll put a crimp in whatever little love game you're The station agent leaped for the signal fower switch. up to here. Oh, hell, don't start so, and pull any high and mighty in- nocence on me, I know what know—when I see it!” That was the threat Bob carried away dinning in his ears when he walked down with Jim and Bobby to the station to meet the greatest trust and task of his new working life. Not a pleasant prospect, or one to allow him full enjoyment of his night's job. Yet, with Jane's ominous words, there remained like a beckoning aura over and around all present difficulties a picture of Caroline as she had said good-bye; Carciine in her slim grace and cour- ageous reserve. There was no doubt in Bob's mind but that Jim loved Caroline. After. all, Jim was worthier of her than he ever could be. If it would make both of them happy—Bob was content, he tried to tell himself, to do penance for his own omissions and shortcomiggs by encouraging and abetting their romance in every possible way, / Thus his thoughts ran during the first proud minutes of his trip, when he thrilled at’ the leaping response of the big Mallet to his lightest touch. Rounding the sharp curve that would take him clear of the Crater City yards Bob looked back along the train—his train; his charge. Long, sleek, the line of every mail car and pullman bearing out the suggestion’ given by every line and angle and sound of the locomo- tive—of power without end, hoarded and guardedly leashed; of grey- hound speed. * On the tail end—like a rattle on a python, Bob thought with a chuckle—was a prison car, bearing the last batch of prisoners to be transferred. Spike was in that car, Bob had learned. Strange, was it not?—in the last car, a mortal enemy; in the first mail car, a dearest friend ang a constant and vigilant fight to keep within scheduled time on.a long and difficult run such as this, over the mountains, There was something soothing in the smooth exuberance, in the bel- lowing vigor, of the Limited; and Bob, leaning on his tight elbow out of the cab window as he watched the right-of-way lights that rushed at him out of the night like green snowflakes in a streaking blizzard, was lulled into more placid reflec. tions than he had expected would be his lot for many a weary day. After all, it w: 1 to decide whether Caroline should have Jim or him, or eit! ic had reason to believe that Caroline cared for him, so the honest thing was to go through with his plan of telling her the whole truth at the earliest possible moment—in the truth about Jane, wo a Jane a to him, and what Were for unshackling the hold she had on him. Then Carolinu could make her own decision, and there would be no hard feelings—on his Part, at least, even if he lost out, he assured himself; for there was one thing he never would lose, come what may, and that was the inspira- tion of merely knowing such a fine and splendid person as Caroline, Bye and bye, as he urged the roaring iron meteor of the rails on its flight, the intensity of Bob's re- flections upon his personal fortunes mingled so closely with the routine thoughts necessary for the dutiful operation of his engine that slowly and insensibly fell into a reverie of such depth and intensity that it was akin to self-hypnotism. Seeing the green tower light of cluding, d what plans | Rise Ravine Junction station—the last station until the hard score or more miles of single track to the summit of Eagle Pass was negoti- ated—some little distance ahead of him, Bob was minded to look at his watch; no more to see the time and ascertain how closely he was run- ning keeping to schedule than’ to feast his eyes upon the small snap- shot of Caroline that he had car- tied in his watchcase since he beg- ged it from her, several days ago. At this very moment in the Rise Ravine junction station the tele- graph operator was snapped out of a drowsy interest in a satisfying novel by a brassy alarm that began to come in over his clicking instru- ment from his neighbor at the Sum- mit Station, many miles aboye .. . Freight... parted... taking ++. siding... last... half... + running .. . away... back- wards . . . downgrade . flag ++.and... sidetrack ... Lim- ited... at... Rise... Rae vihe ... The eerie whistle of the Limited split the lonely air. It was on the last half-mile straightaway approach to the station, and. making. top speed. The station agent kicked over his chair in his eagerness as he leaped for the signal tower lever. Bob, still holding the watch in [his hand, had looked out before sounding his warning of approach to the Rise Ravine station; the light in the, signal tower shone green, and on the ww up the steep ascent to keep his eyes on the tracks and lights until well past the Ravine, and on the way up the steep ascent to the Pass, but as he relaxed his hold on the whistle cord the watch, which he had palmed in that hand, slipped out of it to the floor of the cab, Bob withdrew his head into the,cab and leaned down to recoy- er the watch at the selfsame instant that the frantic operator in the sta- tion threw the signal tower light from green to red. (To be continued) and the early varieties are matur- ing rapidly. Late potato yield prom ses to be light. Business Briefs (Copyright 1925 The Casper Tribune) ATLANTA—The Central of Geor- gia Railroad has placed an order for 1,000 freight cars and 12 locomo- tives . PHILADELPHIA — The adminis: tration building of the Sesani Cen a tennial Exposition is expected to be ready for occupancy in September, It will cost between $50,000 and 270,000. DEVROIT — Factory poerations continue brisk here, with skilled la- bor well absorbed. Real estate is slug: but indications point to a renewal of building construction, which has been very active in De. trolt during the last two years. PHILADELPHIA — The P vanla Railroad now has eleven gas. oline locomotives hauling trains on ennsyl- short. runs-in this section and as a result has materi as not fair for him | SUNDAY, AUG UST 30, 1925 MARKETS | losses at which some branches were operated when steam’ locomotives were used. at BATON ROUGE, La.—A total/o8 6,500,000 pelts were taken by trap? pers in Louisiana in the last yenrd of which 6,100,000 were muskra' skins. The yalue of the catch is placed at $6,457,000. BOSTON-—Retail coal dealers have advanced anth a ton, making the pr for stove, for ¢se ——_—_—-—— Lovely Lucille Lucille Burns is the hope of Elgin, IL, in the “Miss Amer jca” beauty contest. She is 20 a For results try a Tribune Classi- fied Ad. Two cents per word or ten cents er line. Ne ‘ NO ADD LESS THAN 30 C Five average words used basis of estimating a line. BLACKFACE CAP. HEADLIN® will be charged the space of two lines. All charged advertising will be booked “set lines’ irrespective of the number of words. TELEPHONE ADS: Careful attention willebe given all ads received over the TELEPHONB but we not guarantee accuracy. CORRECTION OF CLASSIFIED AD ERRORS. The Casper Daily ‘Tribune will not be responsible for more than one incorrect insertion of any ad- vertisement ordered for more than one time. Errors not the fault of the advertiser which clearly lessen the real value of the advertisement will be rectified only by publication without extra charge within FIVE days after insertion, No republica- tion will be made when the errar does not materially affect the sense or purpose of the advertisement CLOSING HOUR Want Ads to be classified properly must be in the Casper Daily Tribune office before Want Ads receive after 10 to i m, will be erted under haed “Too e td Classify. OUT OF ADVERTISE: TOWN MENTS. Must be accompanied by cash gr check in full payment of the samp. Note the foregoing instructions about counting the words and thke- rate per word for the Casper Daily ‘Tribune. HELP WANTED—Femal. By small family.) high ool girl to assist with house work; close to school; board and om; small wages. Phone 2908, W Inquire WANTED—Competent hogsekeepel _ Small family; must go home nights, 314% 8. Kimball. Apply Sunday mornin between 10 and 1 o' f ‘orest Ranger, Rail. Way Mail Clerk and other govern: write for'particulars. Colo. #100-$200 WEEKLY. Men with slight knowledge of motors who ki can reach weekly If thi m: ear owners can earn $200 hout making a single sale, n also make sales, pro! ach TEN—Best men make $250 selling new specialty. All New men guaranteed $35 retailers, & week and expenses against com- missions. Fr uis) W, APPLETON CON- CO., Cedar Rapids, Towa. TURER — wants sales open branch offices, salesmen, $500 to .$1,000 Possibilities unlimited, sary lly reduced the | Director, Suite 8677, 124 W, 4th St, 1 Angee