Casper Daily Tribune Newspaper, September 28, 1925, Page 8

'PAGE EIGHT et DAILY Che Casper Daily Cribune TRIBUNE papers. oar, MONDAY, SEPTEMBER 28, 1925 MARKETS > ] t cessful Funding of — Buying on Increase. Tribune) 28, — The t the business and 8 been empha ad interest in negotiations, 2 to mean that bundance of ited States to care nd iudustrial needs, foreign Investment. ory plan of settle: nce financlers here certain to be followed America of large 1 loans. ‘This tendency was ally exemplified in the credits ar- inged by Great Britain, following wl ie English negotiations, American y Joubtedly will be an es- ntial factor in aiding the European ations to pay their old obligations. must be furnished by American ivestors, is placing in If bankers and investors were not onfident of business stability they srtainly would not express. willing ess to send thelr funds far afield, nce America 1g her own best mar- *t. That stability has been shown Commodity Oil. TULSA—Average dally crude. ofl eoduction in Louisiana and Arkan- s last week dropped 1,262 barrels 256,600. The Trinity sand in the otton Valley, Louisiana field, has ten tap,ed at a depth of 4,000 feet r a 30 million gaser which St is ‘Meved indicates ofl at that depth. Lumber. PORTLAND, Ore.—Mills of the est Coast Lumbermen's associa- on last week manufactured 101,- 1,766 feet of lumber, sold 109,342, 2 feet and shipped 114,181,227 fee*. BUSINESS STABILITY :. OF U.S. EMPHASIZED F oreign Loans on Larger Scale Likely With Suc- | French Debt; Retail this week by the growth of buying power, the high rate of employment, the tremendous volume of building construction, the manufacturing out- put and the total of retail sales. The drop in temperatures recently has given the added filling to retall buying which it has lacked in re- cent weeks. Buying for the holiday trade by retailers already 1s assum ing large proportions. The feature | of the textile markets, both whole- sale and retail, {s the popularity of the rayon fabrics and the buying of spot cotton. The spring opening of American Woolen and other manufacturers emphasized the extent of demand for rayon mixtures. The automobile plants are rush- ing production and distribution by dealers is at a high rate. This help- ed to improve the situation of steel manufacturers and lead and zinc producers, although demand has not been sufficient to hold copper to high levels or cause many price fluc- tuations in old metals, It is regard- ed as doubtful if the leading alumi- num interest will change prices, in view of the recent trade commission complaint. Trade News | Cotton. OKLAHOMA CITY.— Describing the situation as acute, state labor officials have issued a call for 37,500 cotton pickers needed in the Okla- homa fields. Shoes. HAVERHILL, Mass.— Chairman Newdick, of the Haverhill shoe board, has denied requests of manu- fucturers that a general wage re- duction of 20 to 30 per cent shall be put into effect. Hourly rates will be reorganized but plecework rates will be unchanged. Last Salo Allis Chemical and Dye (Continued From Page One) z to radio messages, Two slings \inder the submarine and an empt was to be made shortly to jt {t with a 300-ton derrick. . Sressreriia AGENT ” Rs NO STATEMENT. » Sept. 28.—(By The As- Press)—Liewellyn Wildes, rt agent of the Ocean Steamship pany, declined to comment to- y on the statement of Lieut. Com. A. Flanigan, executive officer at =» submarine base at New Lon- n. His attention being called to the ruons of the statement charging the City of Rome was incom- handled and that this was ble for the loss of at least tently to express the matter. make. It {s be any > regard EAMSHIP COM S DENIED. 2W LONDON, Conn., Sept. ’ The Associated Press}—When in- med by the Associated Press as came on ‘duty early today that > owners of the City of Rome had which stated that the it 1 was commanded by student of- ’ ers, Lieut. Com. H, A. Flanigan, 3 ative officer at the submarine © hero, denied that any one of » officers on the submarine at the of the disaster was inexpert- Commander Flanigan to the Associated ess explained the work of the narines, and gave information the six officers aboard the time of the collision: submarine training school established for the officers detailed submarines before nently transferred to deutenant he students of the present class rom TAeut. Com. E. W. Strot- ’. Business Briefs yl - ‘opyright, 1925, Casper Tribune) y HICAGO—Surveying has started the Calumet harbor project and mpleted, the Nickel Plate will commence at once zing the entrace to what event will be the largest Inland har- in the world, on Lake Calumet, ° facilities for handling 600-foot > teh lroad ters. \TLANTA— venditure Contracts involving of around five million . lars for road construction wili be n Georgia this fall, The demand _ better Foads has been stimulated the movement to Florida. Hun- ds of tourists’ camps are being cted throughout the state. ——_e sow it in rll the Advertiser— American Can, - Fish, ia American Car and Foundry PORTLAND, Ore.—With the ex-| MONTEREY, Calif.— There are | American Locomotive ption of pinks, canned salmon {s| 20,000 acres near here cultivated to | American Sm. and Ref. ‘m. Pinks are weak, owing to the | lettuce and the crop is expected to| American, Sugar —-- cellent pack this yearr and the] amount to 60,000 crates. The fall/ American Tel. and Tel. — oge. carry-over. harvest has just begun. American Tobacco --. American Water Works American Woolen = | Anaconda Copper — Atchison --..-._. | Atl Coast Line = TO LIFT SUNKEN SUBNARINE dir Ee Locomotive — 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. & St. Paul pfd. Chicago, R. I. and Pacific Coca Cola _ Colorado Fuel Congoleum-Nairn — Consolidated Gas Corn Products Crucible Steel Cuba Cane Sugar pfd. Davison Chemical __ Dodge Brothers pfd. Du Pont de Nemours —- Electric Power & Light ct Erle First pfd. Famous Players — General Asphalt General Electric General Motors Great Northern pfd Gulf States Steel Hudson Motors Tilnois Central ser, with 21 years naval service, to the ensigns of the class of 1923 with six years naval service including tour years at the naval academy. No officer may enter the subma- rine school who has had less than two years sea service since his grad- uation from the naval academy and all officers, no matter what their rank or experience, must go through the submarine school before being ordered to permanent duty on sub- marines. In the last tw oyears, cap- tains. and commanders have been students at the school as well as Heutenants and leutentnts (junior grade) and ensigns. “The term ‘student officer’ may have been misleading but {t must be understood thoroughly that they are simply students of marine du- tles and not of their general serv- ice duties, “All the officers who were on the S-51 were fully qualified in surface | tndependent 0. duties, and to stand watch as] Int. -Harvester E f the deck. In addition three | Int. Mer, Ma: a alx officers had considerable | tnt. Nickel _. submarine experience and the other | Kelly Springfield | three had received two months train- ing in submarines.” WOMAN WEAK, DRINK FATAL (Continued From Page one) performed by Dr. McLellan resulted in the cenclusion that Mrs. Schmidt had been suffering from a chronic disease and that elther this alone or alded by the action of the moonshine could have been responsible for her death, He ascribed her death to Kennecott Copper Lehigh Valley — Louisville and Nashville lack Truck - Marland OW ~~ Mex. Seaboard O11 Mid-Continent Pet. Mo., Kan, and Texas — Missouri Pacific pfd. - Montgomery Ward . Biscuit . Lead .~ ew York Central . ¥., N. H., and Hartford - Norfolk and Western North American — Northern Pacific Pacific Ol ~-. Pan American Pet. Pennsylvania —_ Phila, and Rdg. C. and I. . Phillips Pet, heart failure. x Tho inquest failed to disclose that] Pure Ol any drug or other poison had been | Radio Corp. - - taken by Mrs. Schmidt or had been | Reading ---~.~ > present where she could have taken | Rep. Iron and Steel_ Reynolds Tobaceo B St. Louls and San Fran. Seaboard Air Line | Sears Roebuck —.. Sinclair Con, Ol — Southern Pacific . Southern Rallway Standard Oil, Cal. . Standard Oll, N. J. . Stewart Warner — Studebaker ~ Texas Co. Texas and Pacific Tobacco Products — Transcont, Oll . Union Pacific —_- U, 8. Cast Iron Pipe . U. 8. Ind. Alcohol U. 8. Rubber — U. S. Steel _.. Wabash pfd. A Westinghouse Willys Overland ~ Woolworth Chrysler it unobserved. It also was stated that the only HNquor which had been drunk during the afternoon and evening was that nerved by Mrs. Schmidt at her own home and that there was no liquor at the Crowley's residence. Mrs, Schmidt's guests were Mr. Crowley, W. J. Small and N. A. Mor. rison, both of whom live at 630 8. Chestnut street. They said that they had dinner at her home tn the afternoon and had had numerous drinks. The Mquor was kept in a pitcher, {t was sald. About 10 o'clock it was decided to leave the house and go to the Saddle Rock cafe, It then that the party stopped at Crowley's place. D. W. McDonald, an employe of the Burlington, testified that he roomed at Mrs. Schmidt's home but that he was away at work Sunday and knew nothing of the party. Mrs. Schmidt was 34 years or age Her husband died in a hospital on the coast during the World War. Her parenta ive in Twin Falls,) Tell the Advertiser—"I saw : Min Tppisee a — New York Stocks 61 120 70 vel 26 187 190 it Lam sick in tired of reading in the papers where Walter John- son is such a great hitter for a pitcher. The fans might think all us other pitchers is a lot of bums when we aint Al if they give us a | chance to hit, Take ! for in- stance. For the Jast monthI bean socking the old pill all over the Jot in practice and am bean groomed to pinch hit when oportunity Ymocks, All I needisachance Al andinstead of the big Swede they all will he talking-about Jack Keefe BRINGING UP FATHER “BY GOLLY -1 NEVER KNEW 1 COULD BE SO LONESOME WITHOUT MAGGIE -AN ALL 3M Mt 169 90% % “ M ‘ 1 ‘ in SLATED To GO Para US TOORY- SO YOU Go IN THERE, KERR, AND TOSsizEty OR-For BATTING PRACTICE | YOU KNOW ME, AL---Adventures of Jack Keefe WELL, @ LEFTHANDER 1& (2 @GAINST ©1925 ey Ine SLIP UATE Fresh Setback for All De- liveries Marks Trading at Chicago. CHICAGO, Sept. 28.—(Associated Press)—All deliveries of wheat drop- ped today to a new low for the sea- son, The amount of wheat afloat for Europe showed a material in- crease, There were also reports that Montana farmers were selling stored grain. The opening % to 2%c lower December $1.39% to 1.40 and May $1.40% to 1.41%, was followed by downturns which carried December off to $1.37% and May to $1.40, Subsequently the market receded much further owing more or less to the visible domestic supply. The northwest was a conspicuous seller here. Wheat closed unsettled 4 to 4% cents net lower, December $1.36 to $1.36% and May $1.36% to $1.39. Corn and oats gave way with wheat. After opening unchanged to half cent lower, December 76% to 7740, corn underwent a sag all around, December touching 76%.c September and December corn both reached the lowest prices yet this season, and so too did Septem- ber oats. May corn reached the sea- son's previous low price record. Corn closed nervous at the Satur- day's figure December 77¢ to c Oats started unchanged to Tac down, December 38% to 39c. Later, |the decline became general. | Influenced by wenkness of hog ‘ the ision Open High Low Close Wheat Sept —-.- 1.37% 1.34% 1.35 | Dee. 140 1.36 1.36 May 1.41% 1.38% 1.38% Corn— Cash Grains and Provisions, CHICAGO, Sept. 28.—Wheat No. 3 red $1.65; No. 2 hard $1.41@1 Corn No, 2 mixed 78% @79%e; yellow 79% @79%c. Oats No. 2 white 374% @40c; No. 3 white 36% @39\%. Rye No.1 80%c. Barley 56@73c. Tim: othy seed $7@3.10. Clover seed $19.20 @19.30. Foreign Exchange | NEW YORK, Sept. 28, — Foreign exchanges easy; quotations in cents: Great Britain demand 483%: cables 482%; 60 day bills on banks 480%. France demand 4.72; cables 4.7244. IF | DON'T TALK TO SOMEONE PRETTY SOON - LL FORAIT Groat Brita raghte ronerved. 4, G.2.Q “WHEAT PRIGES | @13.00; 28.—- | Colorados $14.7! Feavune Service. Ine, Py | Livestock Chicago Prices CHICAGO, Sept. 28.—Hogs—47,000 fairly active, mostly 25 to 40c lows few packing sows and mixed loads 40 to 50 cents off; all interests buy- ing; bulk good and choice 140 to 220 pound weight top 13.90; bulk packing sows $11.70@12.15; majority better strong weight killing pigs $13.00@13.50; heavy weight hogs $12.901413.55; light Mght $12@13.75; slaughter pigs $12.50@13.65. Cattle 31,000; grain fed steers very arce; largely steady; warmed: up and short fed kind slow; ‘steady to 25c lower; Mttle here of value to sell above $13.00; few loads $14.50; top $16.25 for long fed heavies; best yearling $14.90; western grassers comprising about 7,000 head; steer contingents steady; heavy Montana upward to $41.50; bulk early $7.50@ $9.50; she stock and bulls 25 cents lower; vealers 50 cents off; mostly $12.00 downward. Sheep $20,000; slow; fat lambs ac- tive; 25 to 50c higher; medium to good range lambs $15.00; early sales natives $14.75@15.00; feeding lambs strong: early bulk $15.10@15.50; no strictly choice kind sold; fat sheep steady; desirable natives ewes $7.00 @7.75; no fat range ewes sold. Omaha Quotations OMAHA, Neb., Sept. 28.—(Asso- clated Press).—Hogs, receipts 7,500; slow, 25c to 50c lower; packing grades showing most decline; sorted 140 to 160-pound selections $12.50@ 12, desirable 160 to 220-pound welghts $12.75@13.10; top $13.15; ik 220 to 300-pound butchers $12.25 packing sows $11.40@11.65; smooth up to $11.7) bulk of all sales $11.50@13.00; average cost Sat- urdey $12.43; welght 261. Average cost for the week ending September 26, $12.39; welght 265. Cattle, receipts 26,500; largely a feeder run; fed steers in light sup- Ply; mostly short feds; fed steers and yearlings, slow, weak to 25¢ lower; early sales $9.00@12.85; best fleshy Rrassers about steady; others weak to Be lower; few up to $9.50; she- stock 15¢ to 25¢ lower; bulls, weak, to 25¢ lower; veals steady to 25c low- er; heavy calves, weak: stockers and feeders, weak, to 25c lower; best fleshy feeders showing least decline; bulk grass cows $3.75@5.50; helfers $5.50@6.75; practical veal top $10.50; few $11.00; stockers and feeders $6.25 @8.00; stock cows, steady; bulk $3.25 @3.50, Sheep, receipts 23,000; slow, on ac- count of late arrivals; no early sales fat lambs; undertone firm: sheep 25c higher; fat ewes $6:75@7.50; wethers $8.50; yearlings $11.00; feeding lambs 15c to 25c higher; early sales $13.25 @13.85; breeding ewes around $3.00. Denver Prices DENVER, Colo., Sept. 28.—(Asso- clated Press)—Hogs—Receipts 1,200; active; most sales 25c lower; top $13.50 for two choice 178 to 193 pound loads; drives $12.75 to $13.30; packing sows steady $11.00 to 11,2! pigs and light Mghts fully steady: stock pigs $11.00€)11.25; load small bunches $13.10. Cattle 7,600; calven 6500; slow; talking 25¢ lower on fat she stock and feeders; few early sales, fat cows and heifers 25c lower; early stockers and feeders 25c lower; canners; cut- ters and bulls steady; calves mostly 5S0c lower; load beef steers $8.5 others $8.00 to 8.25; about stead: fat cows $4.50 to 6,00; mostly $5.25 down; better grades heifers $6.00 to 6.50; best venlers $11.50; stockers and feeder steers enrly $5.25 to 6.25; good stock calves $6.75, Sheep—9,900; fat lambs 25c higher; : 7 out of 9 loads $14.75; feeder early around steady on plinin kind, talking strong on better kind with broad outlet; one Italy demand 4.0414; cables 4.05, Rel- glum demand 4.36%. Germany 23,80. ——_——. Hay | KANSAS CITY, Mo., Sept. unchanged to 60 gents lower; 1 prairie $14.00@14.60; chotce ‘a $22.00 24.00; No, 1 timothy 0018.00; clover mixed light load common 60 pound feeding lambs PLL FLAG IT AN’ TAKE A RIDE WITH HEY, SACK— GET AWAY For | THERE -1T'S KAMM TORN AT KNOW CASEY- STOCK TRADING ON DOWNGRADE Demand Falls Off After Ups and Downs of Morning Trading Today. NEW YORK, Sept. 28.—Alternat- ing periods of strength and weakness characterized today’s stock market which was filled with puzzling cross currents, Conflicting judgment of the business situation and uncertain- ty regarding the trend of money rates contributed to the general un- settlement. Selling of high priced in- dustrial shares which fell back to 3 to 6 points in the early dealings, quickly undermined the general twist although » partial recoveries took place when aggressive bullish opera- tions were attempted in the motor, food and mercantile shares. The rise of several leaders in these groups to new levels cause a retreat of shorts in other issues. Large scale buying, however, was retarded by the heavi- ness of United States Steel and the absence of recent inquiries for in- vestment rails, The entire market headed down- ward in the afternoon when the call money rate adyanced to five per cent. NEW YORK, Sept. 25—(By The Associated Press)—Confused price movements marked the opening of the stock market today, with buying operations restricted by uncertainty over the money situation. Price changed generally were narrow, al- though Great Western Sugar stood out with an initial rise of almost three points. Américan Car and Foundry and U. 8. Cast Iron Pipe declined more than a point each. Several motor and accessary shares wero lifted to new high levels in the early dealings but persistent selling of low priced railroads and pivotal in- dustrial shares including U. S, Steel and American Can, unsettled the general market. Fisher Body on heavy transactions soared more than 8 points to a new high record’at par but subsequently reacted to 84%. Chrysler broke into new high ground above 176. Food shares moved up under the leadership of General Baking, which touched 197%. Selling pressure in- creased against American Can, which crumbled 4 points, heavy losses of one to four points were recorded by American Sugar, General Electric, General Outdoor Advertising, Rock Island and Missouri Pacific in the first half hour. Mack Trucks fell 5% points. Foreign exchanges were easier at the opening, sterling being shaded to $4.84 and 11-16, Driving in of a stubborn short Jn- terest in Chrysler, which touched 81%, Intim{dated shorts in other mo- tor and accessory stocks and when these began to rise briskly, notably Hudson and United States Rubber, the generat market, began to creep upward. Baking issues were buoy- ant in connection with recapitaliza- tion and merger rumors, General Baking soaring to 205, Cushman touched 90, and Loose Wiles Biscuit 91. United States Industrial Alcohol dropped decisively, Call money renewed cent. at 54 per Butter and Eggs CHICAGO, Sept. 28.—Butter high- or; receipts 9,120 tubs: creamery ex: tras 50 cents; stnndards 48c; extra firsts 47@48c, Firsts 44@46c . onds 407 43e, Eggs higher; receipts 8,821 cases; firsts 37@40c; ordinary firsts 28@ 290 HERE COMES THE ExPRESo-1” THE ENGINEER -; ‘To SEE BAT Lu, \SUST WANTED wouLpD 00 IF I WHAT 1! —%e UE DICICe p % Soncneh 228 VDponT, THINK THATY Quotations py Blas Vucurevich, Broker 208 Consolidated Royalty Building Bid Ask Western Exploration - 2.65 3.75 Consolidated Royalty -. 9.10 Central Pipeline -. +60 E. T. Williams 09 Bessemer - 09 Western State: 08 Kinney Coastal .---. 07 Columbine ~-----.----. 02 Jupiter ~--.------.---- 03 Elkhorn .. ee 05 Domino - oe 06 Royalty Producers .--. 03% Sunset ey 100% Pleardy -. aeenen ee 02 Atlantic Petroleum --- 00% Great Northern ---. 01% Quaker Oil — 00% Chappell - = AL Merrico Royalty -. 26 Buck Creek Riverton Pet. McKinnie Salt Creek Producers Continental New York Oil ~--.--... Salt Creek Consolidated 8, O. Ind. -. Humble Oil Ohio Oil --. Crude Market Salt Creek, 36 to 36.9 gravity $1.79 Salt Creek, 37 to 39.9 gravity ~ 1.87 Rock Creek ~~-. 1.75 Big Muddy —. Elk Basin —.-.--. Cat Creek .-. Lance Creek non eennee Grass Creek, Nght ——--_. Greybull ~~. Torchliight Mule Creek ~----- ~~~. 1.35 Lander ~.-----——.-----—---— Osage -. Sunburst Hamilton Dome 2. 1:05 Perris ------—s---——aeenene 1.08 1.90 pwwenerene= 1.75 1.75 BYTON o-a-nns penne enn 1.30 Notches -.~.... 65 Pilot Butte --~-.-----.. 1.33 CHICAGO, Sept. 28.—Potatoes re- celpts 211 cars; total United States shipments Saturday 1,235; Sunday 86. Trading very slow, market weak, Wisconsin and Minnesota sacked round whites $1.86@1.95. Wis- consin bulk round whites $1.75@1.90. NEW YORK, Sept. 28.—Bar silver 71%. Mexican dollara 54%, NEW YORK, Sept. 28,.—No im- provement was reported tn the de- mand today for refined sugar which continued on a hand to mouth basis. Prices were unchanged at $5.25 to $5.45 for granulated, Sugar futures closed weak. Ap- proximate sales, 65,000 tons. De: cember $2.21; January $2.21; March $2.25; May $2.33; July $2.41, ————.—_—— Liberty Bonds NEW YORK, Sept bonds closed: 3%s, 9 100; first 4%, 101,25: second 4\a. 101,10; fourth 4%s S government 4m, 108.9. a Reg. U.S. Pat. Offic ight, 1925 by The Bell Syndicate, Tne). “i _--Drawn for The Tribune by George McManus ' AIR SERVICE HA RED TAPE (Continued From Page One) brigadier generals and consequently the air service viewpoint did not carry as much weight as did the opinions of the higher officers. Major Ralph Royce, in Chicago, for the primary school at Brooks Field; San Antonio, Texas, the sec- ond witness, also declared that the lack of higher ranking officers caus- ed much dissatisfaction in the air service, emphasizing that the junior officers could not carry sufficient weight in presenting air matters to superiors. COL. MITCHELL'S TURN IS COMIN WASHINGTON, Sept. 28:—(Asso- ciated Preas).—With renewed assur- ance from the war department that they are under no restraint what- ever in presenting their individual opinions, a group of ten army air service officers were called as wit- nesses at resumed sessions today of the president's air board. Colonel William Mitchell, regard- ed as one of the most important wit- nesses to be called by the hoard be- cause of his outspoken criticism of alr service policies, is included among the ten army fillers called to appear. , Money NEW YORK, Sept. 28—Call money stronger; high 5%; low 4%; ruling rate 4%; closing bid 514; offered at 5%; last loan 5 1 loans against acceptances 4. Time loans firmer mixed collateral 60-90 days 4% @4% Prime commercial paper 4%. Metals NEW YORK, Sept. 28.—Copper, easy; electrolytic spit and futures U%@l4 ec. Lead, steady; spot $9.50. Zinc, steady; East St. Louis spot and futures $7.85, Antimony Spot $17.25@17.37 eae Flour MINNEAPOLIS, Minn., Sept. 28. —Flour 10 cents lower. Flour pat ents $5.80. See Poultry. CHICAGO, Sept. 28.—Poultry alive steady, receipts 20 cars; fowls 17@ 24c; springs 23c; roosters 15%4c; tur- keys 20c; duc! 18@21c; geese 15c. Flax DULUTH, Minn., Sept. 28.—Close flax: September $2.55%; October $2.55; November $2.57%; Decem Der $2.58; May $2.66. Flight Plane Forced Down Off West Coast WASHINGTON, Sept. 28.—(By The Associated Press)—The seaplaen PB-1, which had been ordered to re- turn from San Francisco to the builders factory at Seattle for alter: ations in the engine after {t had failed to attempt a non-stop flight to Hawatl, was forced down by en- gine trouble at sea yesterday 15 miles off Ilwaco, Wash., and war towed to shore today, by a destroy: er. Advices to the navy department today said spare parts had been taken to the plane in order that she PAL) wanes + ek ee BNE ww a J \{