Casper Daily Tribune Newspaper, September 3, 1925, Page 8

PAGE EIGHT DAILY * Che Casper Daily Cribune TRIBU THURSDAY, SEPTEMBER 3, 1925 __ Oil ond Financial News NE MARKETS. WEATPRCES | ~TIRELPTURN in harp Advance Scored Trading on Chicago Exchange of corn pr: wheat her thr ge to the corn er ve for the cial > lift = corn. | the banner repo poorly and that “JOST FOLLOY Ook CAR, XL > to 2%c hig pn Openin +, Decer by add ber at 97 ket continu late deal you SAY You WILL NoT GE SGLE TO PITCH AGAIN, closed higher, Dec Ma. KEEFE, > In wheat SINCE aS aying on ed specu- wiv 4 lator. Startin c decline to Sc ACCIDE p, advance, December LES a #nd Ma 5 + 4; Ket. scored gains all around. t. There was n less selling p H Sure than of late, and with c soaring th rapid gains general advan Influenced b ed of su er “3 |! New York Stocks | Last Sale ins Ge of us eq Al: Chemical « a Ds Grains and Provisions Sept. 3.—Wheat- ; de Market _| 6 to 35.9 tvs Cru Gene Gene and Hartford Western . LIVERPOOL tAssoclated | Pr €S cotton brokers’ t excitemen n exchange are feared a [ Metals NEW YORK, § 3. 14% Tin—Firm a Pacific $56.87; futures, $ | Southern Ratiway Iron—Steady; } anged. | Standard Oil, Cal Lead—Easy; andard Oil, N. - elle Zinc—€ spot] Stewart Warner } and futu I | > Products . 2 ce | cont. Oil R ad Pacific . NEW YORK Cast Iron Pi; - 162 n refined sugar was ligt Ind. Alcohol - 87% 8 were te Rubber owing to 1 tle Steel ¥ t tinghouse Electri Overland HEY, sTo THEM, TOs: AND You SAY Your SHOULDER WAS DISLOCATED QND THAT You CANNOT REISE YOUR, eRm is) : --By WESTOVER WELL, HERE'S, TH’ May ‘i WHERE'S )THEVuE Cf igure, Bur stlenes Nye ae WAL, Aas “THERES ANOTHER House ALLLIT vB TRY THAT ONE,’ SOME Bupoy+ TRING AQY MoRE Doo BELLS Gow! To Each and - Every One. In Our City charge—yes, absolutely free. —a real map and with dis- tances printed on same, to any one who calls—regard- less. We don’t ask to sell you anything. We would like to have you stop and get one of these maps. Handy for Andy or any- body. Come on down to R. N. VAN SANT’S FILLING STA- TION OR SALES ROOM. We have some wonderful cars on display. ESSEX, $945—$315 down. HUD- SON COACH, 31395—$465 down. Denver Prices—We Are Right Phone 1406 McKinley and Yellowstone STOCKS RALLY AFTER DECLINE Temporary Advantage Bears Offset by Buying NEW ices attempt to he general list Strong buying si in evi dence at the outset, being attracted by the raising of the Frisco common dividend, lower call money rates and favorable trade news Ofls apparently disrezarded an- other cut in gasoline prices by the Standard Oil of New Jersey. The lar veries were made by the high priced specialties that had been hit hardest in the recent the extreme gain to 13 poi Motor p panies ave strength e five terday's closing proximat KAN (Continued From Page One) also a gymnasium for the eighth grade or junior high school pupils. It has been nece! the original plans building at Midwest, necessity of drawing new plans the any A with lish and r rallied bear trading utilities, b Pittsb rly ten y Tru 75 STUDENTS “INGASPER RICH == == sndmaster, ha vas of th applic: estra wo! Movement YORK shar} today s had failed in ‘om exhibitions ints and Nash losing quotat 11,100,006 CITY, Sept. 3.—May to B0c hist 1.00@12.00 — Flo NEAPOLI inn., Sey Ae DENT a seh ats for band and ——_. American Bar DETROIT, Sept. sociated Press.}—Am: Mexico, national law, procedure, ociation In (By The codification of another and A n Can ary to change 10-room Because of the work has been delayed. The music department of the school system this year will be more active than usual. Hugh BE. Palmer, n making a can- nad has found or Annual Session As- an relations of inter- “7 appraisal of Eng. and an address on “Liberty and Law" offered a pro. gram of diversified appeal to the 2,000 delegates attending the first sessions of the American Bar asso. ciation meeting. Charles Evans Hughes, president WYOMING OILS Quotations by Blas Vucurevich, Broker 208 Consolidated Royalty Building Bid Ask. Western 240 2.60 Consolidated 9.50 Central Pi EB. T. Willis Bessemer Jupiter Elkhorn Domino Royalty Producers ~ Pr Mellem MacKinnie Chappell Buck Cre Riverton Pet Argo ton Oil, per CURB STOCKS Mountain Produ Salt Creek Producer: Continental’ -..__. York Ott k Consoli | Humble Potatoes CHICAGO Receipts Sept 61 cars shipments, 59 weak on bulk 1 United States trading fair, trifle ut steady on sacks. OY Cerseemererae —errerar- | Butter and Eggs | CHIC AGO. ipts, Sept Butter high ex Silver | ‘EW YORK, Sept. 3.—Bar silver Mexican dollars 5514c. ————___ Cotton NEW YORK, spot steady; middll Money W YORK, Sept. 3.—Cal! money easy; high 4; low 4; ruling rate 4 closing bid 4; offered at 4%; last loan 4; call loans against pt ances 344; time loans firm; mixed collateral 60-90 days 44% @4%; 4-6 months 4%%@4%; prime mercantile paper 4%. NEW bonds closed: $102.4; second 4448 $100.29; third 44s YORK, Sept. 3.—Liberty 8Y%s $100.23; first 445 $101.15; fourth 4%s8 $102.8; government 4\%8 $106.16. U. 8. POULTRY. was the morning speaker, with| CHICAGO, Sept. 8.—Poultry, Charles Beecher Warren, former | alive, unsettled; receipts, six cars; ambassador to Japan and Mextco,| six due; fowls, 20@26%c; broilers, and George W. Wickersham, former springs, roosters, 17340; ttorney general, on the afternoon 17@22c; geese program. Frank B. Kellogg, secre tary of » ©, and Lord Puch vste _—— 2. forme ancellor of England, will! ‘Tell the Advertiser—‘I saw it In laivide the evening program The Tribune." NO INFORMATION IN INCOME TAX FIGURES |Publication of Returns Proves Poor Barometer | of Business Conditions and Disappoint- ment Is Result. Hy C. ROXIE activities. They may have nothing (Copyright, 1 * oa Tribune); to hide, but the normal self-respect- NEW YORK, ing family is thoroughly uncomfort- of the income tax books tion of the am duals and cor no information of busin y com mercial importance. t was consensus of opinion Wednesday men in widely Separated walks of business end: Qn the contrary, these men asserted, the figures have provided a tremendous amount of | misinformation and are not reliable las indicating either the trend of | business in 1924 or the prot | velopments in the remainder ef this and 1926. Even men wl would, be glad to h Mable information r rivals, admit they appointed knowledge of the sums paid ast without knowledge of how they were | arrived at, is of minor importanee. } The figuring out, of on income tax able under suct itiny. They are titled to a certain amount of rivacy and protection against idle suriosity. ‘The corporation or the individual in most instances feels entitled to just as much protection ainst idle curiosity in finansial af- fairs.” The advocates of the publication of the figures, on the other hand, declare that the publicity given the returns made has acted as a check and safeguard on fraud and has pro- vided information to which the pub- Me ds entitled. ne of y they n re trade dis: have They point out that more | been Business Briefs ST. PAUL.—The Great Northern and Northern Pacific railroads were the enly taxpayers to pay more than return with every piece of data] ¢1 999,900 in income taxes here. The avaflable is a complicated job. To| former paid $1,105,000 and the latter start from the result and work k $1,101,000, The Washburn Crosby flour mills paid $350,000. to the data is almost an impossible | one. | Investments in tax-exempt secur: ase | | ATLANTA—Atlanta bank | ies have complicated calculations | ings for August totaled $280,197,641, immeasurably. <Sonre, corporations | on increase of $63,415;288 over Aum. are known to ‘have been in posses} ier 3924, and larger than for any con on December g1, 1924, of tax-| August in the history of the city. exempt government securities to the agri of jamount of several times the | rent Habilities. Profit. and loss BAKERSFIELD, Calif.—The larger pldst'accnoil ts: ara scrowdes ofl companies are leasing lars mit with bond issues on which no | tracts dn Kern county. Drilling will xen have beer. paid es have |©Ommence on many of these lease been liquidated by some corporations | Defore January 1, The move i lin the form of payments by sub.|t®ken to supplement falling produc eldiary compantes under a separate | tion In the southern California fields return | or Business men point out that so| HOUSTON.—Average daily oll far as corporations: are concerned, it | Production in ‘the coastal and south Is possible to gain much more de- tailed and authentic information from the formal annual, semi-annual or quarterly reports of the company itself than from the tax figures and to do so earlier than the latter are vallable, As to individuals, the uncertainty of basing definite conclusions on the relations, becomes at once apparent Texas fields for the | 173,290 barrels, a decrease of 2,645, Twelve constal producers were brought in, adding 2,325 barrels to initial production, t week was ORLEAD Mil of the Southern Pine association received orders last week for 84,200,000 feet, an increase over the previous week from the lists themselves. William|of 6 per cent. Shipments totaled Wrigley, chewing gum and baseball | 78,800,000 feet and production 73,+ magnate, for example, paid a tax of | 500,000, ‘Total unfilled orders aggre- $2,644 as against $836,565 the pre- vious year, altho no catastrophe sufficient to cause such a difference is known to have occurred in his business activities. Few believe the $345 paid by Charlie Chaplin inal gate 266,300,000 feet. BOSTON.—Prepared sizes of an thracite are in heavy demand, both wholesale and retail. Retall dealers are quoting $16.25 for stove coal, cates the real income of the movie] $16.00 for nut and $15.75 for ege. star, Returns made by Will Rogers, | Pea is unchanged at $12.00. Welsh Rudolph Valentino and other stage and screen celebrities are equally confusing. On the other hand, one manufacturer whose company in 1924 is known to have had ono of {ts worst seasons, made a return of nearly $300,000, anthracite is quoted at $16.50, a premium of 25c over domestic stove coal, CLEVELAND. — Although _ earn- ings of steel companies are not ex- pected to be as large this quarter as Business men {n numerous lines|in the second, owing to a slowing here were asked Wednesday why | down in July and August, orders they objected so vigorously to the|are coming in better and most north. publication of the income tax figures} ern Ohio plants are booked four if thelr rivals could obtain so little | weeks ahead on sheets. All report valuable information from tiem.|a better inquiry for fourth quarter The attitude of the majority was] shipments. voiced by a corporation lawyer, who —— declared he objected to this publicity CHICAGO.— Beef trade ts in for the same reason people hung | slightly better condition than a week curtains to their windows. ago. Market channels are being re- “It may do a family no physical! Weved of their congestion and the or financial! harm for them to have] product ts moving more freely, The passers-by staring at thom throngh| supply of, live hogs has been suf: the windows,” he said. ‘They muy | ficient to meet the demand for the be engaged {nm perfectly innocent | fresh product. Yarns. PHILADELPHIA.—Prices for worsted yarns are firming up, al- though with only minor changes in actual quotations, Re-orders are coming in for men’s wear yarns and for materials for makers of balbrig- gans. Livestock Chicago Prices, CHICAGO, Sept. 3.—(U. 8. Depart- ment of Agriculture.}-—Hogs—Re- ceipts, 20,000; active; irregular; me- dium and heavyweight butchers, steady to 10c higher than yester- day's average; light weight and light light, mostly steady to 10c¢ lower; better grades slaughter pigs closing strong; packing sows, largely 10 to 15c higher; spots more; all interests buying; bulk good and choice 140 to 210 pound selections, $12.75@13.15; top, $13.30; majority 225 to 300 pound butchers, $12.50@13.00; packing sows, largely $10.65@11.00; bulk bet- ter strong weight killing pigs, $12.50 @13.00; heavy weight hogs, $11.90 @13.00; light lUght, $11.25@13.25; slaughter pigs, $12.00@13.15. Cattle—Receipts, 7,000; _ better grades fed steers, 15 to 25¢ higher; spots up more on heavies; no strictly choice offerings here; best matured steers early, $14.75; yearlings, $14.50; grassers and short feds, steady to strong; stockers and feeders, steady; she stock and bulls, steady to strong; spots 10 to 25c higher on desfrable heifers; vealers, 25 to 50c up; bulk, $12.00@13.00. Sheep—Receipts, 25,000; fat lambs, weak to 25c lower mostly 15 to 25c ff; early sales weésterns, $15.00@ 15.50; some held higher; early bulk natives, $14.75@15.00; few choice light weight feeding lambs, steady at $15.75. % Quotations, | Oma | OMAHA ., Sept. 3.—(U. S. De partment of Agriculture.)—Hogs Receipts, 7,500; ight hogs mostly 15¢ lower; all other weights and c steady with Wednesday's average; Desirable 150 to 200 pound selections, $11.75@12.15; top, $12.25; bulk pack- ing sows, $10.10@10.35; bulk of all sales, $10.25@12.00; average cost Wednesday, $11.06; weight, 264, Cattle—Receipts, 2,800; fed steers and yearlings moderately active, Steady to 25c higher; bulk, $10,00@ 13.40; part load, $14.25; strictly choice 1,207 pound steers, $15.00; grass steers, scarce; she stock, slow, steady; veals, steady; heavy calves, weak; stockers and feeders, scarce, steady; bulk grass fat cows, $3.65@ 4. heifers, $5.00@6.00; practical al top, $9.00; stockers and feeders, $6.00@7.40. Sheep — Receipts, fully 250 higher; lambs, $15.50@15 ; top, $15.75; na- tives, $15.00@15:40; sheep and ftoed- ers, steady; best range feeders in- cluded, $15.25; breeding ewes full mouthed, mostly $8.50@9.00; year- Ung ewes, upward to $12.00, 4,000; lambs, bulk fat range Denver Prices, » DENVER, Colo, Sept. 3—(U, 8. Department of Agriculture.)—Hogs —Receipts, 2,500; uneven, 10 to 25c lower on lights and medium weights; talking sharply lower on heavies; four good loads 204 to 237 pounds, $12 attle—Receipts, 900; calves, 100; wenerally steady; grass cows, $4.00 to $5.00; heifers, $5.00 to $5.88; can- ners and cutters, $2.35 to $3.25; few bojogna bulls, $8.75 down; vealers, up to $10.00; several loads stockers and feeders, $5.75 to $6.50; stock cows and heifers, strong to higher. Sheep—Receipts, 7,000; no early action; asking higher on fat and feeder lambs; best fat Iambs quotable at $15.00, Commodity Trade News Cotton. FORT WORTH.—Wholesale and retail trade all over north Texas in being stimulated by the picking of cotton. Picking is general and gins are being fired up everywhere. Tobacco, ATLANTA.—Georgia tobacco sales for the last week totaled 8,350,711 pounds, at an average price of 13.39¢ @ pound, bringing the season's total to 35,684,867 pounds and the s#ea- son's average to 15.34c, TEN NAMED T0 HELP CILLA ON DEBT PLANS Commission Scheduled to Visit United States Soon. PARIS, Sept. 3.—(By Associated Press).—The French cabinet named the debt commission which {s to go to Washington under the leadership to Finance Minister Cafllaux. The commission will consist of four sena- tors, four deputies and two bankers. The personnel of the commission is: Senators Berenger, Chapsa.] Dausset and Dupuy. Deputies Aur- fol, Lamoureux, Bokanowski and De- Chambrun, the banker, Simon (Mau- rice Simon is controller of the French treasury), and the finance | ministry expert, Andre Moreau Neret. Man Asks Drink Of Whiskey Taken From Him by Law After Lieut. Roy Plummer had ta ken @ gallon of moonshine from D. Cc, Fitzwilliams, at 120 South Ash street, early Wednesday morning, Fitzwilliams asked the officer if he could have a drink of {t. “You'll have to ask the judge about that,” he was told. In police court Wednesday eve: ning, Fitzwilllams was fined $50. E.R. STETTINUS OF MORGAN’S FIRM 1S DEAD NEW YORK, Sept. 3.—(Associated Press).—Edward R. Stettinus, part- ner in the banking tirm of J. P, Morgan and Co,, died at his home in Locust Valley early today. The cause of death was announted as “embolism,” a blood clot on the brain. The offices of J. P. Morgan and Co., were closed today except for the transaction of urgent routine business. He was born in St. Louis, Mo., in 1865. —e— Try Tribune Want Ada for Results We are giving you free of ‘ v