Casper Daily Tribune Newspaper, October 11, 1925, Page 16

PAGE SIX DAIL SIMP, SON RIDGE OIL WILL GO TO PARCO: Construction of Ten-Mile’Pipelie From the Field Es to Hanna to Provide Outlet for New Crude Supply. VLINS s of the W o The, f . . telat i prove the field to a : earuka ve" a t limiting drilling ayy, uly. This test 4s ufficient in aati is oll will be s by Hroduction of the f 300 barrels id is that aratively produced « Har . which fs th point to the field. will be shipped to the pipeline to ¢losest ratlrc From Hanna oil P. reo in tank rs. The Simpson t Ridge crude is one with an asphalt | , pase and possesses very desir iP pated, however characteristics for 4 many ef lubricating oils hope In the field, at the present ti the approximately 4,000 barrels $torage capacity and it ts pla fo construct tankage at Hanna f the accom ation tels. This amount fake care of t conveniently leeway for any ments that mich e been m: eeks and they drilled within and foremost will storage will resent productio} liows suf: foreseen dev take place. Wheat Val fee Marked Up In Saturday’s Trading; ns Sentiment Is Bullish) CHICAGO, Oct, 10.—Wheat values} Today ng a pro- scored a sharp upturn in today's| vision prices follo hort: session of in exchange, - Open High Low ¢ December closing $1.43% and w--- 1.39 1.44% 1.3815 1.43% May at $1.43%. Corn and oats were none 1640 1.44% 1.3916 14am stronger in sympathy, December | Corn— | corn closing 75% cents after -75% 76% = .75 1 } crossing the 76-cent mark earlier in 80 81% 80 4 | the session, and May moving up to| | 80% cents. | 39% 4014 40 Bullish construction placed on the 4 4d ASK United States government crop_re-| port was the principal factor enter. { 80% 80 S1% ing into today’s trading in wheat, 3544 Site 87 climaxing gains made earlier in the week. The corn marketaduring the ~15.80 15.85 15.70 16.70 week was depressed by speculative 14.97 15.02 14.80 14.85 elling, while diminishing stocks helped to maintain oats. maeiccercoeesen te ISHS The provision market underwent | Bellies— severe breaks which resulted in a} ¢ 16. 16.75 sharp setback in the price of hogs. | Ni 16.25 Midwest Completes Ten New Salt Creek Well Midwest Refining company Grilled Wyoming Associated in ten new wells during the last]1065 feet and sivabbed week on holdings of associated com-| Will be pumped. panes in the Salt Creek field as! Wyoming Assoc follows: Wig section 14.40. No o5 4, ner da, No. 2 completed r Wyoming Associated, No. 21A,|1 « up and my nd lrespondingly elated, but €{snuouncement was actually the stock went down and he de during barreis. | «, Demand for Fur Farmin 87 feet, and will be pumped after ne% section 26-0-79; completed a |: shot. 1447 feet a abbed 20 barrels t. Creek Consollduted, No fter a shot. Will be pumped. t section 8:3! erties NY FORDE Aseotared, | No. 354.1 1885 feet and will be pumpe section 15-40 completed at |, shot. ard will ped after | Creek Consolidated 16A a section p at FINANCING t ' need capital thru sale of idwest Oil, N 4 sootls promotional 27-40-79; completed at 1275 feet and urposes? Our { flowed barrels after u easily ope: met ted, quick mail order d mailed free to legitimate erations. Oll, mining, indus- ial, etc. STOCK SELLING Quick action obtained at dow cost thru proper methods; our 18 y diversified experience {s at Midwest Oll, No. 4A, sw © 26-40-79; completed at 1530 feet will be pumped after a shot. Midwest Oil and Wyoming Asso. ciated Ni completed at 2110 feet and will be pumped after a shot, Wyoming Oil Fields, No. 15A, ne%4 lars (Corporate Brokerage Co. a shot. Will be pumped. ——._ Seventy-seven farms are still der cultivation within the city lim- its of St. Loul 109 WEST 101st § W YORK 1925 TAXES WILL BE DUE NOVEMBER 10 If necessary, borrow the money for the payment where you can repay it in ten equal monthly install- ments. fake Application for a Loan at Once to the Peoples Finance & Thrift Co. 105 Becklinger Bldg. Phone 825 Bring Your Tax Notices With You ion | and} » 19A, sw section 12-40-79; ) ; write for free proof, test!- || section 26-40-79; completed at 145 publishers’ endorse || feet, and swabbed 20 barrels after reliability, etc Glve par- un: |° A puzzling Phenomenon. phenomenon puzzling to plece of stock. news affectin, To illustrate, take dividend payer be- a dividend p ofan upon 1 for the mar- | ket price stock to decline | y y.ufter the cision of the directors is announ At first sight it would seem. that exactly the contrary ought to hap pen. $ emember stance when 4 f mine taking his rket bought staurant company we @ ma e out the price understand it. Wha difficult to comprehend fact that at the market ‘nob a Y ___swee | TRIBU some. return. : . Now my friend did sot want to | keep this stock for ttivestment; he Wanted to sell it to somebody. else at a profit. Moreover his state, of mind was exactly tho same as that was nothing | for but react. Investors do not stand around | waiting to take stocks off the hands of speculator eional. They ‘a people and even the stock: to» do utious sort of thougha stock has been put a dividend paying basis for the time and even, though it gives s h yield they want to wait to be sure that the new status is permanent. They and wisely about thelr money for any se- while they are taking the speculators have to the load which fs what specu- re for. INCREASING DEMAND. |General List Moves Forward Under Avalanche of Buying Orders Encouraged by Prospect of Easy Money Rates. - NEW YOR Oct. 10.-—-A flood of buying orders sent slock prices soar- Ing today on the exchange, group were in active demand, and the clos- ing was firm with total sales amounting to 900,000 shares, ‘The buying mavement received ac- celeration from the belfef that ‘com- ing gold shipment would aesure a continuation of easy money rates and that trade conditions would wit- ness steady improvement avith the approach of the holiday season. Heaviness developed in stocks dur- the early part of the week as a sult of relatively’stiff. money rates | 4nd uneasiness over the size of bro- kers’ k ans. When funds sent out in conection with October 1 dis | bursements began to flow back from the interior and the call money strength being most apparent in public utillty and merchandising | shares. Motor and accessory shares ates | Were reduced, bull traders resumed operations on a large scule, Ufting a wide variety of issues to new high levels for the year. Ralls were slow .to follow the in- dustrials despite reports of unpre- gedented freight traffic and. publi- ation of an analysts showing Au- gust raflroad ,earnings to be the largest on record for that month. unexpected strength, Chrysler touch- Packing issues also took on a new lease of life. Sporadic outbursts of buying also took place in the tobac- co, chemical, merchandising, ex- press and publfc utility shares. ‘ groups that failed to participate ex- tensively in the advance, although sharp decrease last week, and gaso- line consumption {s*being maintain- crude output registered another ed at a high rate, New Corpora tions Take Out Charters in State ; Articles of Incorporation have ween filed with Secretary of State , E, Lucas by Trapper Lodge, In- corporated, of Shell, Big Horn coun- ty, The capital stock of this com: pany is $40,000. Watson H. Wy: man, Gay Wyman and Watson IH. | Wyman, Je, are the ditectors tor the first year The Lovell Motor Sales company of Lovell, also filed articles this week, The directors of the company ero JM. Sny W. B Snyder and ¥.. P. Richardson, the new and the capital company fs $25,000, ‘The Hagood R tles corporation of Casper, with a capital stock of $25,000, filed articles of incorpora- tion to engage in royalty business, and other tnefdental énterprises, L. N. Hagood, Mary R. Hagood and James P. Kerr are the directors of the company, : Two foreign corporations also. qualified under the Wyoming stat- utes, The Continental Baking company, Delaware corporation, and the Chrysler. Sales corporation, a Michi an corporation, qualified. Wilfred O'Leary 1s the Wyoming agent for the Baking company, and Ray B. Lee {s the Wyoming agent for the Chrysler company, g fo) Kmphasized by Big Sales J. ©, ROVE BY furrlers in ‘ 96,000 came | from Louisiana But the de |inand for southern st, ts tn. with prices 0 $2.00 a skin, has also been acute ermine, fitch, badge old system of trappir the. foundation the fortune, no longer ts yielding rmer results. 9 silver fox producers have al- dy beaten the other fur men to lentific. raising and marketing of | nging from | ' was of aC | Commodity Coal WASHINGTON—The Pittsburgh al company will start operations ite midland mine number nine under the 1917 wage scale next week. The Company store has. been | re | opened and fs being restocked. YORKVILLE, O—The Wheeling Yes, We Do Better Cleaning -adies and Mens ’ Bolte <-<. deseo $1.25 iretws and Coste OMeBO We Call For and Deliver JAKE THE NIFTY TAILOR Wyatt Hote] Bsmt Phone 802 fur-bearing animals and tt ts notice | t the sily er tox offerings have been few and is due to are provis than wi were sold Loujs ward Rusch, Wask president. of the erican Fox Institute, there are between 120,000 and 130,000 s!1- fox.in North America. of silver foxes In: London ly top price of,abow $400 a pelt, The Lampson sales; there showed few offerings which brought over $200, In recent sales in this pelts brought $210 to $300. Sold for as low as $15 to $20 did not, Indicate lowering. of es for the best furg since silver searts are quoted around $450 up at retafl. It simply tna! s that the best animals are not Ned tor thelr ekins but are kept for breeding purposes. Trade News | Steel Corporation's tin plate |here is storing coal, | tons oh band. ver eat | pr’ | fox and being plant haying 5,000 {te bollers and tur- maces use 400 tons daily. Onions PORTLAND, Ore—Estimates of (he 1925 Oregon onlon crop show re- | \istons downward, according to the Confederated Onion Growers’ asso- elation.’ The present estimate places | the yleld at 650 cars. Non-Ferrous Metals JOPLIN, Mo.—The value of lead | and ore shipments from the tri-state | elds so far this year has reached a ul of $42,292,872 or more than was received for shipments @ll last year. Frult GRAND RAPIDS, Mich.—The Sputhern Michigan grape.crop which was very light this year, practically has all been shipped ance ~iame nelly lite lngurance. Guy Gay of ninety per cent of the other buz- ers and when they all decided to} ke thelr profits” at once there Motor shares continued to develop | ing a record top for all time at 200. | Olls were about the only industrial | the new dividend;gayve'h very hand: | { | ! | while we hear the electrical indue- | troubles are stores: r | ba A NE. {OUT OUR WAY MEDISON, SHOW? INDINUON = N'EVERTHiING! OPPORTUNITY OF U. S. MERCHANTS SHOWN! Chain Shetenttinne Problems That Carn petitars| Do Not Meet, Babson Says in Discussion of Business Trend of Future. BABSON. PARK, Mass., Oct. 10 —About two years ago this paper published an interview with Roger W. Babson in which he advised mer- chants, to get busy and meet. chain store competition. He also'then ad- vised investors to purchase chain store stocks. Subsequent events have shown the wisdom of that) ad> vice. Toduy Mr, Babson takes upian- other side of the problem which— in view of his previous forecasts—is worthy of serious consideration. Mr. Babson’s offictal statement is as follows: s Chain Stores Now: Worrying. “About two years ago, ‘in sorhe comments on the ehain store ‘situa tion, I’ made the point that: chain stores. would “huye a tremendous growth in 1924 ahd 1925, and then their troubles would’ begin the same ag the. troubles’ of Independent stores, I called the attéritién of: read- ers to the fact that the advantuges of-the chain stores consisted primar: ily |in their ability to get excéllent management. and to purchase at very low prices. I’ made it clear that there is no reason: why” indépendent inérehants, who are on the job, could not have equally a good manage: nent, and said that the chain store woiild be up against other troubles which would, in a way,’ offset its gteat purchasing power. ‘Tn connec: tion with these other troubles T men- tioned the fact whyt by the end of 1926 chain stores ‘would be cutti one ‘another's throats ant also wou subject to labor trouble: inevitable in‘ lar with ubsentee nian: Je, independent ally operate Jmost entir such troubles, Already bles are beginning to appear medns that the {ndependent tm chant mhy be again coming jrito his own, while the chain stores may be the, ‘ones who! will do the worrylug during the t few yeurd. | Good Service Wins Over Low ‘4 Priv “As stated above. n} store has the adydntage af buying “pods Very cheaply ing to, ity gieat pur; chasing power; bur there ts. no rea son why d chain store should hi > Management than the tnde- elit ‘merchant ff the indepéndent meércHant would attend to his busl- ness and, use his head instead merely his arms and legs. It ia sald that ‘American conrumers spend about $40,000,000 daily on food and that price is a secondary considera- tlon {n the spending of this money. The great majority of American consumers are more interested {n service than in price, This {s | the reason that some chain stores. are now malting deliveries and, in many stances, run what is equivalent to charge accounts. “Chain stores havé their functions: in, the economic.world and in tte ld 5) be or srutloris w persd thei we ho whieh o great retail distribution. system. ef [4 American life. ‘They are here to stay but,they are not going to do. all the business, any more than are the de- partment stores and mail order hauses. Each took {ts turn in caus- ing @-scare through the retail field and all thought they were. going to put everyone. else out of business. Howeyer, history has shown. that such is not the case. Also, the. fu- ture will show the jobber to be in existence ove hundred yeuts trom today just as truly as he Ja today. As population and business: tncrease, new. lines of business develop, These new nes create great interest for the time being, but in most cases the old lines stil! continue although, rofits often fall off. For instance, be Casper Sunday Cribune nas ods Soon had \ wwe 2) MOMENTS WED LIKEIO LIVE OVER- .* SATSMODY NIGHT: ON I PUBLIC S RE. . BAN nN By Williams { Krerge company 300 May Dept. Stores. 93 | United Drug 85 SUNDAY, OCTOBER 11, 1925 (aware | MARKETS — stocks of the leading chain stores have had. tremendous rises ag the following table shows: High Hi on Ginter compa United Cigar Woolworth This situation is not at all ng and-in many eases this rise 8 to be expected, The chain store was new, It had no troubles, and was performing a needed service. Most new businesses with such an oppor- tunity reap a handsome reward. To- day, chain store stocks are very high but the stores are now entering the competition period and are lke- ly to have labor troubles ahead. Tho investor in chain store stocks will do well to carefully consider the ad- of changing -his holdings bonds, ness, by the Babsonehart, today stands 11 per cent above nor- mal compared with 7 per cent he- low normal this tine Inst year.” Sopa te Wyoming Oils | Quotations by Bias Vucerevich, sur- Broker 203 Consolidated Royalty | Building Western Exploration . 3.00 8.10 Consolidated Royalty - 9.80 10. Central Pipeline ~ 60 T. Williams 208 20814 206 Kinney Co! 208% Columbine TRW iLbams 10-10 | Wises wy wza senvice, mc, . try talked of as the only worth while pt utitlity in'which to iny yet ‘we find that more gas ‘is being sold today than ever before, while the consumption of kerosene‘ and even candles is increasing at avery rapid rate..It is well enough to tall about eliminating the middle man, but we cannot eliminate hia function, an it is the function which wé pay ‘fo! and’ not thé man. “I repeat,’ tt chain stores are here té stay, as are department stofes and mail order houses, but I also insist that th in- dependent merchant’ has as great an opportunity today’ as ever if he| will atterid to his job. . Profits Come From -Werk. "The, real diffieyity with ‘inde-} The 100 per ot} mite AN pendent -merchants’ today is* that they are not working ‘as they used! to. This especially applies ‘to the » | tive stock who are operating store: which “have ‘been’ inherited. from a previous: géneration. ' These native Americans complain ‘alout the He- brews. Greeks; , Italians, and. other nationalities who they claim, with the chain’ stores, ate putting’ them out of business, An analysis of the facts, however, shows that the ‘rex- sons why these foreigners mike géod merchants are, first, because they are willing to‘ work bard, and » | ond, because they seek to find ont What people want. and deliver the goods. A 100 per cent successful mer | chant is’ never Interested in ima facturing goods or in creatng mand for any special comir merchant d his efforts to finding oud w he | public’ wants and *t the public the best | "vhe oxsgtul mer, fore, | will co der Himself the a t and |buyer for the eonautner rathe than | | the salesman’ {9+ the manufacturer. bHe will keep up in the new devel./ {opments tn food adulterants and t: | | food. preservatives, and will-eerve as | {the protector of | ngainst poor qual and the other structure on wi Lake pool. Geo may excel the Biz Lake field, where wells making fro: barrels daily have Crockett county, which | to Reagan co and his associates. You all know Col, Hum to take a.chance where h leases in Crockett County, surrounded by companies. This is a cinc 80 acres for $800 cash. maps, etc., can be had by well located, leases .i iy has another large block of leases, i. This tract is ev: uunty, by just as much opportunity today for merchant who takes this atti trde as there ever was and no chain store sys.em can put such a mer chang out of business. Preventing Price Cutting. | “Experiments have recently t place in Minneapolis and San Fran- elsco in connection with the grocery trade. hese experiments hi shown that the e chant has a practical method .of ing the price cutting situation. The.+Minheapolis Grocers’ associa- tion met price cutting by agreeing | that when a price cutting ‘ad’ ap- | peared they would all quote the same price as the price cutter with- out ang emphasis or comment as| though that were the regular price for the article. You can see the ef- ot. The price-cutting ‘ad’ fell flat for the reason that every customer attracted by any special offer in the ‘ad’ found that it was not sp cial at all. and soon paid no atten- tion to the ‘ads.’ “In San Francisco they have a very strong Grovers’ association. Is’ reported that if price cutting is started, a grocer who is a member of the association and w! suitably located in the same neigh borhood' as that of the pri cutter, is selected to carry vigorous war into the enemy's camp, That grocer visited and instructed. If he is not a very progressive, up-to-date man he is given Mberal help. Three or four master grocers cpend one or more evenings in his store dressing his avindows, urranging the stock in logical order, ning and bright- ening thin; preparing him to fight effectivel Then this man sel everything quoted by the price cut ter at two or three cents per unit les than the price cutter’s figure This grocer is instructed tc sell. regardiess—to cut to th store is is Domino independent mer. | | It; Royalty Atlantic Petroleum Great Northern Quaker Oil MeKinnie Buck Riverton | Argo Creek E Curb Stocks. Prairie ~-..-- Mountain Producers Salt Creek Producers ntinental w York Oil -... ee alt Creek Consolidated Ss. O. Ind. Humble Oil Ohio Oi | Crude Market | Salt Creek, 36 to 36.9 gravity -$1.79 Salt Creek, 37 to 39.9 gravity . 1.ST Rock Creek ...---<-. 115 Big 1,75 Elk Basin ~---e--s-e-seeeneeee 1:90 1.20 190 1,90 Muddy ~-.------------2--- Cat Creel -.. se eeceene Lance Creek ~..----.-.-.-. Grass Creek, light -.--.-... Greybull -.. Torchlight %. Mule Creek ... Lander: Osage Sunburst eeecennmeenenen- Ramilton Dome ----..-—.- Ferris Byron Anes twenenennemmecece | Notches .-... | Pilot Rutte q. 13s BOSTON—The Atlantic Nations! Bank of Boston has acquired con- trol of the Investment banking firm of R.A. Daly and company of Bos- |ton. In thus entering the New Eng? |land investment field, the Atlantic National will acquire a seasoned or. ganization with important Canad! connections, The policy has alres been followed by the First Natio: Bank of Boston and other banks pe paca csan Re a ner latter) this elty haye organized similar de how far down the price cutter goes, | partments, nor on how many aPticies cuts, | . thin grocer gees bim two or three|' ar_ANTA—Five downtown bank better in every’ instance. The cut-| ner rep deposits aggrega ter does not survive. very ‘Ding $150,000,000 as compared such citcumgtances, whil S€% | $110,000,000 a yer Clea of the regula ‘grocer bsorbed | house officials sa prosper he tion ity. 4 Savings deposits Chain Store Stocks. have er cent in the ‘last “Durin } w TAT CR ha? »pRpa NOTICE TO TRAPPERS | Phe trapping season Ig here. We can supply you with alt kinds of supplies, Coyote Scent’a specialty, $1.00 per sample, if not suarantee to petund your money, Pelts and Wool befe shipping e'sewhere. ON US FOR PRICE QUOTATIONS GREEN & B West Yellowstone lling ing up in Crockett county, in. the general nei; hborhood of logical studies of th is structure been 0; en more highly regarded F, Julius Fohs, viet phreys and his ability to p is going after oil? 1 mus drilling well: h, as one of these w May sell for $80,00 addressing e@ i CASPE ells is due in very soo 0 in short time. COMPANY | Want to Make i rer C4 @ @ a Killing in Oil? The Denver Post of Sept. 26th had the following item rela- tive to operations of Humphreys Corporation: “Two wildcat tests ure under way, one d: in Reagan county The former is on a the Humphreys corporation has 8,000 acres of the famous Bi indicate that it m 2,000 to 3,000 pened up at a depth of about 8,000 feet. In ies imniediately south of Reagan county, the on which it is preparing than the the company's consulting geologist block in ick winners, Do you want t “sell one of : my 80-acre is and holdings of the big mn. Will sell Full information, BOX B-22, CARE TRIBUNE ad