Casper Daily Tribune Newspaper, September 10, 1925, Page 8

,; to spur business PAGE EIGHT DAILY Stocks and Grains Che Casper Daily <ribune TRIBUNE THURSDAY, SEPTEMBER 10, 1925 a Sere Drilling of Test Well On Kaycee Dome, North Of Salt Creek, Pending | Rig is being erected by Carl Sack- clates for the first test projected for the Kaycee dome, Creek. Stand- be psed. The s one of seve which the prod pounded in: the of Cr ‘al smaller do structure, belleved west to watch ome. y is spud- n the Goose: n the Ther: ounced — by zood pros Water at Powder Wat said to countered in the Midivest of the Powd River. ave been! en- Lakota sand in = company’s test yer ‘structure, 45 _miles northwest of Casper, where | | several showings of gas and oll were | found in the Wall Creek ‘series of |sands, Oll was last found in a stray | Speaker and | hit him in the leg sand at 2,300 feet. Operations are and Collins takes me right out now at a ‘standstill at 2,500. feet. armed | The status of ‘the well has not been and says he guest] aint wa all determined but hopes for production up enough so I been spending i] are still held out, | afternoon in the bull pen ever | Wallace Creek Resumes, | since. I'said to Collins | says tee Contihéntal Ol company has re: | are a fine mgr to send me i | sumed drilling at’ 2,518 feet in {ts | % test of the Wallace Creek dome in Natrona county, W3 j for cement to set. | Ing drilled for, the joint account of he Consolidated Royalty and, West- jon companies. In the Salt Creek field the Continental's deep test on wection 2-39-78 1s stand+ ing at 3,149 feet walting for dia- |monds for the core drill being used. ,; A well started for the deep sands of the Ble Muddy field and carried down 4,064 feet before a fishing job | held up progress, {s' being bridged back to a ‘producing sand at 3,220 feet. _ Commodity Trade News | pecs OE Ae ene Automobiles. DETROIT—The September sched- ule of the Buick factary calls for pro- duction of 23,000 cars. The company turned out 2 against 13 cars in August at | 0 in August, 1924. | CLEVELAND—New models will | be exhibited in the near future by atleast two Cleveland automobile manufacturers and are counted on fall and winter. Canned Goods. EASTON, Md.—Easton’s tomato | pack this season will exceed 17,064,- 600 cans.” About 240,000 cases of 24 cans each of corn will be packed 124,000 cases of ipas, 20,000 cases of string beans and 5,000 cages of spin- ach - | | Lumber. PORTLAND, Ore.—The milla of the West Coast Lumbermen’s asso- riation produced 107,220,183 feet of in the last week and shipped | Reading railroad. Steel. BATH, Me.—Justice John A. Mer- rill of the state supreme court, has authorized the sale of the plants and merchandise of the Bath Iron Works Ltd., for many years one of the lead- val craft. ‘ Grain, PHILADELPHIA— A new grain bushels wit] be erected at Port Rich- mond near here, by a subsidary of Naval. Stores. JACKSONVILLE — The steamer Artzamende is now-on her way to London and Antwerp with the larg- est cargo of naval stores on record, consisting of 0,000. gallons of spirits of turpentine valued at $1 a gallon. 1 MARSHFIELD. Ore.—The recent heavy run of ealmon in the Rogue rlyer netted fishernien $000 fish, averaging 20 pounds each. The run was one of the largest ever experl- enced on the river. Livestock Chicago Prices. | CHICAGO, Sept. 10.—(. S. De! partment Agriculture.)}—Hogs— Receipts, £0,000; slow, 10 to lic high: er than, Wednesday's best prices of 15 to 25e higher than average; pack- ers doing little; bulk good and choice 150 to 240 pound weight, $12.75@ 13. top, $13.35; desirable 250 to 330. pound butchers, largely $12.35 @12.90; bulk packing sows, $10.50@ 10.00; better grades 150 pounds and) $12.25@12.80; heavy} down, mostly $ nt hogs, $12.15@13.05; Nght $11.00@15.00; packing sows, 11.10; slaughter pigs, $11.50 Cattle—Receipts, 7,000; fat: steers | and ehe stock, most! Sc higher; spots considerably more early op Detter grades welghty steers; fresh Isind closing s! best matured steers early. some heavies held around $16 Nght yearlings, Ny no western here; $12.50@15.00; bulls, r; veal, 25 to 50c ales other bulk na few to cit eccars of Was Omaha Quotations OMAHA, Sept. 10.—(U. S. Depart- of Agriculture.) —Hoge—Re- ts, 6.500; mostly 10 to 15¢ highe 160 to 200 pound lights, $12.25@12. top, $12.55; few light Ughts down to $12.00; bulk 210 to 235 pound buteh- ers, $12.00@12.40; “packing sows, mostly $19.00@11.40; smooth up to $11.00; bulk of all sales, $10. average Wednesda $11 weight Cattle—F fed steers , $10.00@ 13.00: medium weights, $14.10; year lings. $14.90; grass steers, «ca steady: few loads, $6.50@ al stock, steady to strong; veal steady; ptoc rs and feeders, bulk grass cows, up $6,00; helfere @6.25; cannera and cutters, 3.50; bologna bulls, $3.50@4.00 veal top, $9,607 few ‘at ers feeders, mostly $6.00@7.00 reep--Receipts, 13,000; killing es generally steady; fat native 15,00; fat range lambs, fat ewes, $6,00@7.00; > Jower: feeding lambs, feeding ewes. 37.008 s ewes, £5.00@S.50, ~ Liberty Bonds Sept. 10 100.1 — Libe firet 4148, third 4K. 191,13 Se 10 unchanged alfalfa $82 ~(Asto lo 0" S| NEW l r Market Gossip | | NEW YORK, Sept. 10.—(Asso- elated Press.)}—-Unfilled orders of the United States Steel Corporation of August 31 made public today totalled 8,512,803 tons, a decrease of 26,664 tons compared with the end of the preceding month. Brokers Reinstated. NEW YORK, Sept. 10.—The New York curb market association has reinstated Dean, Onativia and com- pany, stock brokerage house, which recently emerged from a brief re celvership, Business Briefs ATLANTA—The Alabama Power company is assigning 20 per cent of its gross current to Georgla and is operating the steam unit st Mus Shoals at top speed night and day. A second unit of hydro-electric ma- chinery at Muscle Shoals has just | ben. turned on. Pere DETROIT—The road loaded and ri nections 63,8 Marquette om. con- of freight in Aus comparing with 56,191 in July 98 in August, 1924. The in- aso was large in automobiles, flour and potatoes, PR TOs Sar ae Money NEW YORK, Sept. 10.—Call mon- ey easter; high 4%; low 4; ruling rat 4%; closing bid ; offered at 414; last loan 4; call loans against acceptances 4; time loans firm; mixed collateral, 60-90 days 44 @414; 4-6 months 444@ 4X; prime commercial paper 4@4\. a | Foreign Exchange YORK, Sept. '10.—Forelgn exchange irregular. « Quotations in cents; Great Britain, demand 484%; cables 484%; point day bills. on banks 480 15-16. . France, demand cables 4.70 Italy, demand cables 4.114 Demands: | Bel- 4444; Germany 23.50, 4.70; 41 | sium 10,—Close flax: October $2.65 4a; ; December $2.6744; DULUTH, September $2 November May $2. || Cotton NEW YORK Sept. 10,—Cotton spot steady; middling $23.80. Butter and Eggs CHICAGO, Sept. 10. — Butter— Higher: receipts, 6:288 tubs; cream ory extras, 45'%4¢: standards, 460: ex tra firsts, 44% 44\Se: firete, 14 @ 450 gece 89 W404 I inher: y reveipis | Ing firms in the construction of na- | elevator with a capacity of 2,500,000 | . YOU KNOW ME AL---Adventures of HE Work HE MUST | | | | sends me out to the bull pen to warm up and keeps me warming up for 3 days and then he me in vs. the Cleveland Club. you forget all about me. He said | i wish | could. No wonder we are { only in 3rd place with that kind jt of - ae as wm Bie jack Keefe. WELL> MY DEAR PUBLIC-1 TOLD au VHAD SOME THING TO TELL ou - Jost AMINOVE -l WANT ot® SEE IE WE ? ARE ALONE- F Great MOTORS AGAIN LEAD UPTURN Lowering of Call Money Rates and Improved Fall Trade Are Factors New York Stocks Last Sale Allis Chemical and Dye - American Can -.- ++ | American Car and Found | American Locomotive “American Sm. and Ref, American Sugar ---<. American Tel. and Tel. ~ American, Tobacco --~ American Water Works American Woolen . Anaconda Copper - Atchison Ati. Coast Line Baldwin Levomotive Baltimore and Ohio -. Bethlehem Steel — California Pet, - Canadian: Pacific -. Central Leather pfd. Cerro de Pasco Chandler Motor Chesapeake and Ohio Chicago and Northwestern Chicago, Mil. and St. Paul pfd. Chicago, R. I. and Pacific -. 1057 2331 109% NEW YORK, Sept. 10.—{Asso- ciated Press.)—Responding to a lowering of call money rates and further indications of improving fall business, stock-prices moved-upward again today under the leadership of the motor shares, seven.of which attained‘ new peak prices for the year. Public ‘participation was on 4 broader scale, Equipments re- sponded to the delayed rallroad in- quires for cars and locomotives and steels {mproved on the relatively small decrease of 26,664 tons in the August ‘unfilled orders of the United States Steel Corporation. |, Violent upturns in some of the high priced industrial specialties fol- lowed a revival of rumors of capital readjustment through stock splitups and increased dividends. Speculative interest in the rails was dampened by the failure of the Southern Rai? way directors to increase the regu- lar quarterly dividend on the 'com- mon stock which fell back three points after the announcement. Unexpectedly large sales follow- ing recent price cuts furnished a background for another advance on the motors, General Motors crossing Colorado Fuel Congoleum-Nairn Consolidated Gas - Corn Products - Crucible Steel Cuba Cane Sugar pfd. Davison Chemical --. Dodge Brothers pfd. - Du Pont de Nemours = Blectric Power & Lights, ctfs. Erle First pfd. Famous Players Genera! Asphalt Goneral Electric General Motors - 162% 40% 107% Great Northern pfd. - 97 on a large turnoyér. | Pierce Gulf States Steel - Arrow ‘was heaty Hudson Motors - Miinois Central ~ NEW. YORK, Sept. 10.—(Asso-} | Independent O, and G. ciated Press.)\—Encouraged ‘by the Int, Harvester ablishment of a new high record Int. Mer. Marine pfd. ie industrial averages in yester. Int. Nickel -.--- market, operators for the rise | n to bid up stocks briskly at the opening of today's session. In- | Lehigh Valley - | ternational Harvester and Chrysler N hb opened two points higher, New Haven one, and Dodge Brothers pre- ferred advanced fractionally ‘to a new high price. Bullish enthuslasm, increased as trading progressed. Motors: de veloped another outburst of strength under the leadership of Studebaker and General Motors, each of which quickly advanced about two points to new 1925 peak prices at 64% and 96 respectively. Chrysler rallied three points before the end of the first half hour. The receipt of large sums from out of town fer loans on ‘stock collateral, which resulted in the lowering of the rate yesterday, stimulated pool activity in’ the spe: elalties and short covering fn the high priced {ssues. American Brake- shoe, General Electric, .Amerjcan Can, Federal Mining and Smelting and Westinghouse Alrbrake moved up two to nearly five points before the session was an hour. old. For- elgn exchanges opened reactionary, demand sterling ylelding slightly to $4.84% and Itallan ire to 4.16% cents. French francs held firm at 4.70 cents, Scandinavian currencies recorded moderate recessions, Bullish operations were conducted rsively in many stocks with several of the high priced issues ria- ing violently. Reduction of the re- newal rate on call loans. to 4%, with a further shading in the borrowing Mack Truck -- Mariand Otl - Mex. Seaboard Oil ~ Mid-Continent Pet. Mo., Kan and Texas Missouri Pacific pfd. - Montgomery Ward Nat. Biscuit ~ Nat. Lead - New York Central Y, H., and Hartford Norfolk and Western ---. North American Northern Pacific. - Pacific Oll Pan American Pet. B - Pennsylvania Phila and Rdg. Phillips Pet. -. Pure Oll Radio Corp Reading - Rep. Iron and Steel Reynolds Tobacco B Bt. Louls and San Fr Seaboard Air Line ~ Sears Roebuck Sinclafr Con. Oil Southern Paciti | Southern Rail Standard Oll, Standard Ol], N. J. Stewart Warner . Studebaker ‘Texan Co. Texas and Pacific . Tobacco Products rate to 4%% per cent exerted 4 de Transcont. Ol) cldedly stimulating Influence. Man: Union Pacific hattan Guaarnteed advanced 11 B. Cast Tron Pipe points. Havana Electric Rallway 8, U. 8. Ind, Aleohol - General Electric and Commercial Sol- U. 8. Rubber . vents “B" §, and General Motors, U. &. Steel udeon Motors, American Can, Unit- Wabash pfd. A ed Statés Cast Iron Pipe, Mack Westinghouse Electric Truck, DuPopt, International Tar- vester and a number of others & to 4 points. Southern: Railway fell 1% on selling Induced by uncertainty re | geratife the dividend wetion today, 10.! ‘The closing was strong. Buying Sept | Kamil) | opersttons broadened in the lute deal. Willys Overland Woolworth Minn, higher: Fran 209 50 to ade J natante $8 08870. Hee ead mnvamant af in . Friend Al: = - Well after wireing mea tele- isu. gram to report imediately Collins My, DOESN, ay Inve! Featun Seavice. Inc. ; dull; Jack Keefe HARD oe MING UP FoR ove @N HOUR. WHAT \ WANTED. TO SAY WOR @ ) THIS + THAY— Britain cighte reserved 1! WYOMING OILS , Quotations py: Blas Vucureyich, Broker 208 Consolidated Royalty. Building Bid .Ask Western Exploration . 2.50 2.’ Consolidated Royalty . 9.89 9.50 Central Pipeline -. 55 65 E, T. Williams -. Bessemer - Western States Kinney Coastal Columbine Jupiter -. Elkhorn -. Domino -- Royalty Produ: Sunset Picardy Atlantic Petroleum -.- Gréat Northern cers. Prairia* Oil Ohjo Ol -. Mountdin’ Producers Salt Creek Producers Continental —-. New York Oil Salt Creek Consolidated 8. 0. Ind. Humble O11 _ Crude Market | Salt Créel, 36 to 38.9 gravity $1.79 Salt Creek, 87 to 89.9 gravity - 1.87 Rock Creek ‘~~. Big* Muddy ---. Elk Basin .------. Cat Creek Lance Creek Grass Creek, Greybull. - Torchlight Mule Creek Lander Osage ‘Sunburat, ~. Hamilton Dome ——-—-----—<-= Ferris —-—-------eennnees Byron acorn=: Noteh Pilot Butte Fer cee ITB = 175 100 1.90 Potatoes CHICAGO, Sept. 10.—(By The As- sociated Press)—Potatoes receipts, 48 cars, total Uv 8. shipments 724; de- mand and trading fair, market 1s steady}3Vieconsin bulk round whites $1.85@2; few fancy $2.10; Minnesota and Wisconsin sacked round whites, nound stock $1.90@2.10; heated $1 Tiss) | ‘ Metals NEW YORK, Sept. 10. — Copper, electrolytic jot and futures Tin, firm: spot and nearby futures 57.00. Iron, stead: price unchanged. Lead eas; spot 9.50. Zinc, steady; Bast St. Louis spot and futures $7.7214@7.75. Antimony spot $1 @ 17.50. Te. 8 ; 36,00; » Poultry, CHICALO, Sept. 10.—Poultry alive, higher, recefpts 8 cars, fowls 21@27c: rollers 29¢; springs 26c; roosters at 17%c; turkeys 20c; ducks 18@23c; geese 15G lic. Se dustrials was given further impetus by tangible evidence of Improvement in the steel industry. Havana Elec: trie scored 19 pointe to record high at 246, and a gain of IJ to 8 points w recorded by Brown Shoe, Mall: way Steel Spring. Pullman, Amer! ean Locomotive and U, 8, Alcohol. Frisco. and some of the other rajle were heavy. Salter approximated 1,800,000 wines WHEAT PRICES Sharp Decline Develops in Trading on Chicago one Exchange CHICAGO, Sept. 10.—(Associated Press).—May wheat dropped more than five cents a bushel here today as a result of yesterday's govern- ment cron report and in anticipation of another government report ex- pected today regarding the Canadian crop. gMay whent fell to $1.52% ask- ed, with $1. to $1.57% at yester- day's finish. CHICAGO, Sept. 10.—(Associated Press.)—As a result'of government figures showing that the United States spring wheat crop is much larger than was expected, wheat un- derwent an early setback in price today. On the downturn of values however, actfe buying developed on the part of previous speculative sell- ergs who were in position to collect a profit. Commission houses were also persistent buyers but mostly in small lots. The opening, %c to 1*c lower, December $1.5115 to $1.62 and May $1,554 to $1.56, was followed by something of a rally and then another sag. Subsequently, selling ascribed chiefly to a leading speculator made the downward swing of the market much more pronounced. September delivery and December are well drop- peéd to below,$1.50. Numerous stand- ing orders tb sell out and stop losses on the part of owners were forced Into action. Wheat closed ungettled, de to 4%c net lower, December $1.491e to $1.49%, and May $1 to 31.527. Corn and oats reflected wheat weakness which more than offset the bullish influence of the govern- ment report as to corn. Opening at %c down to 14¢ up, December 87\c to 87%4c, corn scored slight general gains but afterward showed losses all around, Corn closed heavy, 14,¢ to lower, December 58% @58% Oats started at 446 to %e off, De- cember 42%c to 42%c. Later the market receded a little more. Wigher quotations on hogs lifted net provisions. { Open High Low Close Th BONG Se 1.4856 1.52% Sept 7% 98% 96% BTM 88% 8514 290% 101% 89 139 38% BS% 42 AD AIG AH 4615 46% 4% ROG (8814.54 9045 92% 927% 99% 98 08 16.90 16,92 16.80 16.85 -16,99 16.95 16.80 16.85 17.70 TAT 20.75 19.45 19.57 19.45 19.47 Cash Grains and Provisions AGO, Sept. 10.—Wheat. No, No, 2 hard $1,564. Corn, No. 2 red %@98\Gc; No, 2 yellow 98% @99'sc, Oats No, 2 white 40% No. 3 white 40@40%c, Rye, Timothy seed @4% none, y TOMI, 86. Clover seed $19. 27,00. 1 $16.90. Ribs $18.00. Bel Hes 821. Trey Trifine Want Ade fer me por! 2-10-28 ay Mark Re aU B Pat Ofice Ine) CONTINUED - TWO SLAIN IN GIVENSETBAGK TONG WARFARE 4+ Dougtas (Continued From Paze One) the victims of Chinese Tong warfare, the body of Charley Lee, a reputed member of the Hip Sing Tong was found dead in his laundry here with bullet wounds in the head and chest, Yee Ton, another Chinese asleep) in @ room said he did not hear the shots. : CHICAGO, Sept. 10.—(By The As sociated Press}—Joe Mong, a Chi- nese. was found beaten unconscious on the fringe of Chicago's China- town, supposedly as evidence of the tong war that has flamed up’at inter- vals for months. Mong is a member of the OnLeon ECONOMY TOLD BY RAILROADS (Continued From: Page One) taxes in 1924 showed an increase of 66 per cent. “I do not look for sudden increase In the amount of traffic. The north- west Is improving in a business way but development is gradual and wil! not be sufficient for many years, if ever, to permit the railroads to earn a fair return on the present level of freight rates. The stockholders, bondholders and creditors of the Minneapolis and St, Louis ‘are en- titled .to consideration and. should not be cofapelied longer to devote their money to the service of the public without any compensation whatsoever, Sugar EW YORK, Sept. 10—No changes occurred today‘ in refined sugar, prices ranging from ‘6.55 to 5.60 for fine granulated. Demand was not setive, but in the aggregate a fair business was reported. Sugar futures closed irregular, ap- proximate sales 32,000 tons. Sentem- ber $2.53; December $2.50; January $2.52; Match $2.57: 5 . t | R | Silver SEW YORK, Sept. ; Mexican dollars 5 TIMBER LANDS LAID WASTE BY FOREST FIRES JOHNSON CITY, Tenn., Sept —(By The ‘Associated Press)— fires today continued their destruc. tive inroad upon the timber lands along the Unaka and* Buffalo moun tains despite efforts ofa lurge force of forest rangers in trying to. check the flames. At leart three separate fires were reported taging in this vicinity last night. The village of Erwin and other nearby points are under a thick blanket of smoke and drought con ditions have heightened the temper nture to such an extent that many of thé fire fighters have been forced YOULL WAVE 3 TO EXCUSE ME TODAY: Schools Here ‘Will Exhibit Js. ok rant daa ee isa) Casper schools will have their usual) exhibit at the state fair at Douglas this year, it was an- nounced today by Superintendent. A.rA, Slade. The exhibit will in clude art, academic subjects, do- mestic science, manual training, and other branches. Casper's exr hibits always have won a majority of prizes inthe past and it is ex- + pected that the one this year will | meet with equal success, f Coal Dealers ;, ||‘ To Sell Heat Instead Fuel CHICAGO, Sept. Associated Press) — Coal dealers 10.—(By The from middle western states, in- cluding Jowa, Kansas and Ne- braska, here today had under con- sideration a plan to sell heat in- stead of cosl. It 1s proposed to contract to heat a home for a certain sum instead of selling the householder coal. The dealers would deliver coal, kindle fires, keep them going and haul away the ashes, guaranteeing an even heat of 70 degrees, The coal te form the dea resea Mail Robbers” Make Escape WINONA, Min The Acsociated Press)— bal.op a Winona mail w: Hed the messenger with wire. ‘ ssenger yw . Ragged him and taking four registered maji ot } Pouches, escaped In an tomobtle. | ER ee See | NOTICE TO CREDITORS | State of Wyoming, County of Na- trona, ee t. 10.—(By ive bandits agon today In the District Court, Eigt | dicial, District,” Shth Jue Estate of John McLellan, da- ceased, hte | Notice is hereby given that’ let- ters of administration we on th | 9th day of September, } grant. ed to the undersigned in the atove jestate, and all Persons having claims against are hereby the eaid decedent | with the nec: required to file them, pein in the “the < of the ab named District Court of Nitrons County, Wyoming, at Casper, Wy oming, or exhibit them with the rs to the under- j Decessary vouche signed administratrix n at the place of her residence, 847 South Sprtve Street, in the City of Casper, in said county and state, within ten publication months after t of Ru notice, Beyer fated thi; y |ber, 1925, th ass | 'ANE McLELLAN py Administratrix of Esta! WILLIAM. 0. WiLsoNn, Attorney for Estate. of Septem- | jo ptibtish September 10, 17, 24, ie TO CLASSIF four Months old. PSRs yest eS aL: one | COBP—tox with cord cast attached and Reward. lool Pol y ¢