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SUNDAY, OCTOBER 18, 1925 DAILY Siocks and ‘Grains FRENZIED TRADING IN STOCKS FEATURED Partial Setback in Prices Climaxes Close of Week Marked by Heaviest Exchange of Shares in Several Years. NEWYORK, Oct. 17.—Frenzied trading featured by soaring prices for, motor stocks and then a set- back under heavy profit-taking fea- tured: today’s short session of the stock exchange. Many early gains were cancelled by the downturn but high grade rails and some other Issues met with sustained demand and marked up substantial gains for the session. Sales for the day ap- proximated nearly 1,600,000 shares and the closing was irregular. Today’s burst of trading was @ continuation of a movement launch- yesterday by speculators for the vance. A riot of buying. sent Kcores of stocks to new high levels for the year and resulted in the heaviest trading session since De- cember, 1916. Powerful pool opera- tions were behind the advance in almost every instance and for four consecutive days sales averaged two million shares daily, Industrial and NEW YORK, Oct. 17.—(United Press)—Stock brokers tonight were atill working their office forces to catch up with the tremendous trad- ing transactions on the ‘stock ex- Change this morning when 1,730,400 shares changed hands, a record for all time for the Saturday session. , Pandemonium reigned in brokers’ offices as well as on the floor of the gtock exchange as stocks spurted forward as much as seven points during the first hour under bull pressure and receded as much as ten points as bears took the lead during the second hour, After the first hour of furious trading the ticker was ten minutes behind the market and at the close it was 2¢ minutes late. Buying orders in the first hour could not be executed in many cases until the stock had advanced several points, and the same difficulty was experienced when the market turn: ed. Sales could not be’ consummat- ¢d until prices ha been forced down Qs rnany as six ox sevei. points. Several of the larger brokerage houses cancelled the usual lunch specialties came in for the greater share of demand although advances extended throughout hain general list. Factors ‘which -entered into the bullish enthusiasm which overthrew uncertainty manifested early in the week included prospects of lower taxés, signing of the security pact by Germany, France and Belgium, reports of steel industry expansion and record breaking bank clearing: indicating unusual business activity for this season of the year. Motors jumped in price on reports of record fall sales in every section of the country. Four to 14 points were added to the prices of Genetey Motors, Studebaker, Hudson an Fisher Body, Stahdard industrials moved upward under the leadership of United States Steel common. Oils were the only prominent group that failed to participate substantially in the advance. Brokers Swamped With Business at Windup Riotous Trading Week Of our and «ent out for sandwiches for thelr perspirins employes. These brokers admitted it would be sev- eral hours before a complete record of all tranactions was made. Em- ployees cheerfully accepted the long overtime, knowing it would increase the Christmas bonuses. Much of the business done here today was from out af town. Cus: tomers from points far distant from New York kept brokerage offices busy answering queries as to wheth- er thelr orders had been executed. In most cases they were frankly in- formed that it would not be a mat- ter of minutes as usual, but of hours before they could expect an answer. Starting with a lunge, the market transacted 700,900 shares during the first half hour, Sales pressure con- tinued throughout the session at the rate. of more than 4,000,000 shares for a full day. The previous record for the short session was made Au- gust 18, 1906, when the total trans- actions were 1.603.400. ‘The full seas sion record, 3.300,800 shares, wa made in the Northern Pacific panic in 1906. , Finance Corporation In New Rooms on Wolcott —— oe Expanse of Casper business, ‘after forcing the Finance Corporation of Wyoming to take over four large office rooms in the Midwest building, has at last decrepd that even these quarters are insufficient to care for the. volume, and the company. has announced a change to larger quar- ters at 153 Mouth. Wolcott street, in | ‘Commodity Trade News Dairy Products CHICAGO—Cold storage stocks of butter total 114,160,000 pounds, com- pared with 153,494,000 in store at this time last year. American cheese stocks are 78,602,000 pounds, com- pared with 73,153,000 last. year and frozen eggs stores 44,435,000 dozen compared with 31,006,000 dozen. Furs SAN FRANCISCO—The schooner Nanuk has arrived from the Areti¢ with $270,000 worth of ‘furs, the lar- gest shipment ever brought into this port. The skins are being shipped to New York. . Coal PITTSBURGH—Guarded by 14 deputy sheriffs, the Pittsburgh Coal company’s midland rumber one mine phi Hi eins sea) Lat cya: 2h 7 FINANCING Do you need capital thru sale of stock for promotional or expan- sion purposes? Our inexpensive, easily operated, quick mail order method mailed free to legitimate corporations. Oll, mining, indus trial, ete. | | | ouaSTOCK SELLING i | | Quick action obtained at tow cost thru proper methods; our 18 years diversified experience is at your service; write for free proof, test! monials, ments ‘Cnucue i ate Brokerage Co. ir EST 10ist ST., NEW YORK publishers’ endorse reliability, ete, Glve par the store room formerly occupied by the: Casper Floral company. The new offices will be so ar- ranged as to be modern in every Ce- tall and by using all floor space and the’ balcony, it {s expected that in- creases in bus|ness in years to come may be cared for adequately | without} another change. near Canonsburg, has been reopened, with more than 100 men at work. ‘Thé normal mining force 1s about 400 This 1s the third mine in the Pitts- burgh district to reopen, operating on the November 1917 wage scale, Prunes PORTLAND, Ore.—Approximately eight million pounds of prunes re main unsold in Washington and Ore, gon, or about half of the estimated crop., The crop is qne of the small- est in years, | Business Briefs MADISON, Wis.—The Wisconsin agricultural situation 1s bright. Good prices. for airy produdts and Ive- stock assure prosperity while oats and barley yields were never better. corn is likely to exceed the previous record, tobacco made the best yleld in 20 years and the hay crop Is good. NEW ORLEANS—Bullding per- mits in this city for September to- tnled $3,000,000, which was 40 per cent ahead o€ the same month last yean Real estate sales are estimated at almost 50 per cent higher than last year, Bank debits, indlcatthg funds checked out, totaled $430,000, 000-a8 compared with $277,000,000 last, year: eet erage. Sa Rabbits are born with their eyes closed, While hares are born with their eyes open, Hill-Weaver and Co. STOCKS—BONDS—OILS—GRAINS GLADSTONE HOTEL BUILDING PHONE 3024 By Bla» Viecarevich Allis Chemical (7) Dye —..-.- 108% American Can -~sssssssenses 337% American Car and Foundry .. 108 American Locomtive s-s.sses 119 American 8m. and Ref. -... American Sugar ~.....-.-..-- American Tel, and Tel, --.... American Tobacco -........ American Water Works -... American Woolen 42% Anaconda Copper --.-s-sene- 43% AtChIBON +. -eercsecen-enesnee 122 Atl. Coast Line s..-nss-sacos 192% Baldwin Locomotive ~..sss.-. 128% Baltimore and Ohio .....-... Bethlehem Steel California Pet. «. Canadian Pacifie Central Leather pfd. «. Cerro de Pasco .. Chandler Motor .. Chesapeake and O} Chicago and Northwestern 67 Chicago, Mil. and St. Paul pfa. 14% Chicago, R. L. and Pacific -... 44% Coca Cola eewwwencceus 15144 Colorado Fuel scsesccccsnnees 38% Congoleum-Nalrn sascsssscees 24% Consolidated Gas weanewnns 90% Corn Products# wsaccnecacecas 36 Crucibie Steel swesecornsane 7314 Cuba Cane Sugar pia. wses+ 39% B Davison Chemioal «. wanes 39% Dodge Brothers pfd. .....0.. 90 Du Pont de Nemours -. 198% Electric Pow. and Lt, ctfs, . 32% Brie First, pld. sesenseseeace 40 Famous Players -ssssssssoe 109% General Asphalt ..s--sssss. 661% General Electric 297% General Motors .«. owe 126% Great Northern pfd. ss... 72% Gulf States Steel. .....-..... B1ly Hudson Motors s..-sssssess Illinois Cefttral: -..-ssss.s--4- 116 Independent O, and G, ....2. 24% Int. Harvestér -...ssecssse. 127% Int, Mer. Marine pfd. sessusc. 825% Int. Nickel ..scsscccsecosces Kelly Springfield ..-....... Kennecott Copper «. Lehigh Valley ae. Louisville and Nashv' Mack Truck ss. -ss.....00, Marland Oil Mid-Continent. Pet, s.ssesssss Mo., Kan. and Texas ~.sss... Mirsourl Pacific pfd, ......, Montgomery Ward Nat. Biscuit .. 14% Nat. Lead -.. New York Central N. ¥., N. H. and Hartford _ a+ 35% Norfolk and Western ........ North American Northern Pacifio Pacific Oil Pan American Pet. B - Pennsylvania «.. Phila and Rdg. Phillips Pet. Rep. Iron ‘and Steel Reynolds Tobacco B ..-..... St. Louls and San Fran. so... Seaboard Air Line -.-..-----. Sears Roebuck ... Sinclair Con. Olt -... Southern Pacific Standard Oil, Cal, Standard Ol, N. J. sue. Stewart Warner ~..-s00e. Texas and Pacific .s-ssscen-- Tobacco Products «. Transcont. Oil Union *Pacific Wabash pfd. A Westinghouse Blectric Willys Overland . Woolworth Chrysler ....... Wyoming Oils | Quotations by Bias Vucerevich, Broker ‘203 Consolidated Royalty Bullding Western Exploration 3.30 3.50 Consolidated Royalty -10.00 10.15 Central Pipeline ...... 55.60 E. T, Williams ...... .09 0 ag 14 07 09 Kinney Coastal 06% 07 Columbine 04 06 Jupiter. 01 02s Elkhorn 08 04 Domind ..---u.-----, 007.09 Royalty Producers --. .03 04 Sunset, per 1,000 .. 1.00 2,00 Picardy ~ Ol 02 Atlantic Petroleum 00% 00% Great Northern, 1,000. 1.00 2.00 Quaker Of) .. 00% 00% Preston Ol, per 1,000-,'.60 1.00 Buck Creek ..--. 08 10 Riverton Pet. -se-e0--- 2.75 3.00 Argo Oil -.-... 3.50 4.00 Chappell -..-.-------- 10 12 Curb Stocks. Prairie Oil - Ohio O!l ~~~. Mountain Producers .--.---~ Salt Creek Producers ~--..-. Continental ~. New York O!l Salt Creek Cons. 8. O, Ind. -.. Humble Ot) Crude Market Salt Creek, 36 to 86.9 gravity .$1.79 Salt Creek, 37 to 89.9 gravity . 1.87 Rock Creek 1.16 Big Muddy .. 1.78 Elk Basin ... 1.90 Cat Creek ... 1,90 Grass Greek, light 5 Leo Grass it Greybull “f 115 Torchlight 116 Mule Creek 1.25 Lander 10 Osage .. 2.15 Sunburet .... 158 Hamilton Dome sseesevencee 1.06 Ferris . 1.06 BYTOn .--.=. 1.80 Notches Cd Pilot Butte anerconcnncsencace 1.36 New York Stocks | GR AIN PRICES SCORE be Casper Sunday Cribune PAGE SEVEN es Bullish Activity Carried Into Saturday’s Trading on Strength of Light Receipts and Unfavorable Crop News. CHICAGO, Oct. 17.—Scantiness of domestic receipts at primary ter- minals and decreasing stocks, cou- pled wtih unfavorable crop reports from Canada, encouraged a rally in today’s wheat trading that sent prices upward after a temporary de- cline at the opening and the closing was firm. December sold at $1.47% and May at $1.44%, while December corn, higher in sympathy, closed at 716% cents and Méy at 80% cents. Wheat prices during the week were sensitive to reports of crop conditions in the southern hemis- phere, with bullish reports pre- dominating.” Net gains for the week amounted seven to ‘ten cefts a bushel. Australian news bfought teports of drought, while in Canada heavy rains and considerable snow delayed threshing and bl ts the quality of the grain, Midwest Starts Work On Pipeline from Ile Dome The Midwest Refining company has made a temporary contract with the Texas company for the sale of {te Iles dome production and has commenced the laying of a 4-Inch line from the Iles dome to a connec- tion with the Texas line from the Moffat dome to Craig, says the n land Ol! Index. The line will be about 8 miles long and with a pump- ing station on the Iles deme, is expected to cost in the neighbor- hood of $100,000. The Texas com- pany will start at once the erection of two 5,000-barrel tanks to take eare of its increased output and the oll it will receive from the Midwest. The Midwest has three wells on the Iles dome which are classed as producers from the shale above the Dakota sand. Two of these wells are now flowing natural and the third fs a produce but has -net been completed. The fourth well has ‘Today's range of grain ahd pro vision prices follows: Wheat— Open High Low Close Dee, 1.43% 147% 143% 1.47% Ma 1.42% 144% 142% 1,44% | Gorn Dec. 16% 76% | May 80% 80% | Oate— Dec 89% © 294 30% May 44 14% fs Ad} Ribs— Oot, an.. Hes— 16.50 16,70 reached the sand but failed to en counter the shale oil. The purpose of the deal ts to per. mit the Midwest to test out its wells and see what’ they will do when al- lowed to flow at capacity and pump ed. Its tankage on the Iles domo 1s all fu! and until this oll cali te moved, it has no facilities for mak- ing a thorough test. It is under. stood that the Texas company no- consider its sine a common cé rier from the Moffat dome to Craig | and was adverse to making a con nection with the idwest unless {t Was alloyed to pttrchase the oll ft} fs probable that When the test Is finished, other arrangements will bé ©) fot taking eare of the Les pro: | f duction. ‘The Mi 1 nodt ae termine upon a development cam | paign for the Iles dome until the test of the producing wells ts corm pletea, Bakery Merger Is Given Clean Bill of Health By J. C. ROYLE, (Copyright, 1925, Casper Tribune) WASHINGTON, Oct. 17—The feds eral government has applied the acid test to the now $400,000,000 bakery merger and has given it a clean bill of health. The purchase of stock in the General Baking company by Wil- iam B. Ward and formation of the General Baking corporation have been thoroughly looked over, not only by officials of the federal trade commission but by some of the mast efficient “trust busters’ of the de. partment of justice. Their reports indicate that it appeared from the information secured in connection with the reported merger that many of the newspaper reports regarding it were not well founded and in view of these facts there seems nothing further requiring the action of the federal government at this time. This conclusion was forecast the writer in his dispatch on by the day on which the preposed merger was announced. At that time he pointed out -the scope of the prov posal, which is expected to involve eventually the holdings of the Ward Baking corporation and perhaps rome others engaged in the: samo line of industry, It-was-also shown that the object of the merger was not a trust and not the domination of either material or bread prices but the elimination of waste through comprehensive buying, production, distribution and marketing. It Ig understood that government authorities were satisfied that the} jeneral Baking corporation is meré ly a holding corporation. ‘That ts, it does not itself produce bread or bread products. It ts, therefore, tm- possible to prosecute the concern under the anti-trust laws, since com petition has not been checked or stifled. The General Baking corpor. ation as a holding company does aot produce bread and can therefore acquire stock of a eoncern which does. - Oil and Financial News | BIG GAINS IN WEEK | |Defendant in Suit} A Word for Preferred Stocks, There is a certain class of in vestors who refuse to have anything to do with preferred stocks, They are willing to take bonds or some- times, when they feel they can af- ford a little tisk, to. buy common stocks but preferred issues they pass by entirely. The argument runs along this line: A bondholder ig a credit His claim is fixed and he knows just where he stands. His only in- terest in the business fs that it re- main solvent so that his interest and principal will be paid promptly when due. The holder of the com- mon stocks is a partner and if he is willing to assume that relation with the attendant hazard he ough to be compensated by having his pro rata share of all the profits when there are profits for he must share losses in the same way, A preferred stock- holder on the other hand takes all the chances of partnership, but allowed only a minimum share of the profits. The fact that this minimum share must be paid to him before the common stock receives anything Is not enough advantage to offset the handicap of this post tion, so the theory goes. ‘There is.a good deal to be sald in favor of this view but those who hold it overlook one point and that Is that generally the market price of preferred stocks compared with bands takes all these facts into con- sideration and there is sufficiently higher return to be had from the preferred stock over that obtainable on the bond to justify the purchase of the former even with these ap- parent drawbacks. In one group this situation is very noticeable today and that is the public utilities, The buyer of a pub- Me utility preferred stock does in: deed assume the position of a part- ner and by that much a position inferior to that of the bondholder He does not have the chance to share in the growth and Te opted f the com true, but’ it accepting this condition he receive high compensation in the way of a liberal return on his investment, more liberal in many instances just now than a common stockholder re ceives, (Mr, Hughes’ next article will pear in the Tribune next Satur o/s La Sa Aa tl cra that f ap. Giant Thought | Wave Planned || By the English} ed Press) going power LONDON, Oct, 1 {Un —England on Octc to broadcast a 10,000,0 thought wa The experiment which worked up by the British E Ing company aims at seeing the, thought wave can be p by. somes extremely. delicate ing instruments that have been de vised, amplified and passed on again fs belng yadcast, | nether ked up recelv to m number of, well known. .men who will be closeted in a special room in the company’s. offices;. OG ficlals of tie concern say they ber lieve-that "this experiment in‘ tele pathy, may have great scientific value, f Details as to the time of day for the test, and the framing of the thoughts that are to be “thunk” are not yet worked out a —— Profiteering is to be dealt with | sternly In Budapest, wii¢re restau: | rants must provide ¢ me with dinner. for twenty-five cents If re quested, The menus of t ineals wilt be*apptoved by the a Tell the Adyertiser—"I saw it in | The ‘Tribun MARKETS Market Cossi BABSON OPTIMISTIC SP || ON CROP OUTLOOK _ ont eons 38 care we! Farm Buying Power Should Be Large at Start a eae — Fi aie of Winter Season, Statistician Shows in loconrotives in past week. Mohawk Mining rv Summary of Conditions. pular au uarterly vidend $1 Decer of BABSON PARK, Mass., Oct, 17.—[ countries r October 12, Now chat the crops have been har lor the world ae vested, r W. Babson ias issued] of Russia and Chit Thompson Radio corporation re-| his annual statement an the crop] 000.000 bushele. ts unfilled orders for 18,000 sets| sittation, It is rather optimistio| 9’, inate. 1 ten thousand speaRers with an| and aggregate value of more than ould put he rop In giver doutie: and Bill for government export corpor-| a 1 of course. We rop as f ation to handle agricultural prod lo and work t ucts with estimate capacity of 150,-| t th t and 000,000 to be introduced by agrioul-| at ¢ t Pegylated 8 tural bloc at next session of con-|t s , Singita ie catte cote gress, says Senator Brookhart, bountiful ha | 000,000,000. Th a Vigra ia qual te ini country is ble hepato tis ‘ss President *Helms of General Bak-|a blessing equa 1 no. other nar} tre, Weeresate wor ie ere a ing corporation, states that after to-| tion on the face the: earth. 08 Cae ty a stetoen day’ no further subsoriptions ot} itsei” the greatn@ss and bounty AP seepage eet basis of one share “A” common and| of thé crops so staggers one tliat i: | “ ny cobra aL two shares “B'’ common for $100 render them | s3 nbioh6 tant fy inane will be accepted Considering t tis Wars Geblciesihe Dnt shiwadideks it SEN ign war debt tothe Unite Weekly trade reviews report busi-| and fr n re i Ltr ak cdg oo ness conditions In most parts of the} and s hine hap 1 isti- | 00. weit r ab. yuntry goo? with marked improve-| fied In his hesitaney to talk much | thvad vente ¢ ne 1 nt tinuing metal . trade.| about this great event, the anntinl] ay was wcitneaey Teta New England sho@ factories show-| American harvest ring whick lteax’ to canal ty ; (00000 0060 1 ing larger bookings and stimulat be has had so little Lanta? give aay by ait chthnhs all dry goods Intend of local weather bain the| to show What thene oro.a monn ny : letermining as c the] América, but let me pay In. o¢ ended Sep-| wide awah erest that they would pay nearly five sro depletion! ed in wor iitiot Aoat| Hines ait’ ove annual expenses of against, $2.01 in pre- | sestions of Muntry Aporoximate| government iheluding interest « € and $1.79 in thi ay at t ralse the previous yerr, the funded debt Th represent quarter i, nine months $6 | and generally t approximation ia | {ve times the value éf all our shir against $5.4 a little greater rather than a littie| ping and the value of one year — less than that raised the previous| erop would almost purchase th Good year advances casings ex-| year. This means that the prosper: | country’s entire, railway ayatem cept smaller sizes 15 per cent and] it’ of the farmer is not so dependent| anything olse desired | tubes and truck tires 20 per cent upon th volume valsed as upon the| “General business. is atill on, {te : price’ of the product. Furthermore, | upward stt now registering It Trumbull Steel director consider-| the prico today depends upon world | her cent ale At bY. The Bat na: ottabtng 00,000 six per cent] conditions ratifer than oh local con-| wonehurt. The tectte atined? first. me bonds and 5,000,000/ ditions. ‘To illustrate, the price] better in-n ee rite of Me tn seven per cent debentures which the Dakota wheat grower try. Again. Wall Street'wag right ome 1ve8 3, not so much on n discounting thexe heed. Gon Averages — 20 industrials, 149.56] crop conditions in Dakota, as-on the aitinde 1 a serail ae Para: we es up .88; 20 rallronds 102.26 up .83; 40] vrop conditions in Eurove and South| may now hold. themelet nat we bonds 92.11 up .06 Amerion.. “World crop conditions| again become carelogs, aay, extrds > nee today determin the profits of} apant nd ‘dishonest, and there A Soe | our farmers in the Central West. | thet re 6 conditions and qu | “Oil Summary | | pometL tata t crop In twenty-nine tle which tiake busine v7 eoung HILL-WEAVER CO. sdstone Hotel Building. | Gas for quar-| i 30, had a to} “tet! Royal Blue Line Parlor Cars. | ind taxes inst $380,413 in| third quarter, » months to i H era etagrat ery aes Traveling on Regular Schedule Well No. 24 in which Mexican Eagle holdy 50 per cent interest was completed in Cerro Viejo, light oil district of Mexico ts producing 21,000 barrels gil daily initial, Between Caspey and Denver ‘ LUXURIOUS—HEATED—COMFORTABLE—SAFE Pennsylvania refiners reduced gae An enjoyable trip over a wonderful seenic route. S Sunee tal eran nS nine Leave Casper 8:00 a. m. Leave Denver 8:00 a, m. months en¢ september 20, a net Arrive Denver 8:00 p. m, Arrive Casper 8:00 p. m. ne of $1,200,538 after deprecia ‘ tion and depletion, against $1 Fare $11.50, at the Rate of 3.6 Cents Per Mile 432 in 1924 period. September au CASPER HEADQUARTERS AND TICKET OFFICES Henning Hotel, Townsend Hotel, Gladstone Hotel fore Ainst $377,287 last year, L. Doheny says prospects of ofl industry were never brighter. reserves San Juan Company| —————————————————— NOTICE TO TRAPPERS ‘The trapping season ts here. We can supply you with all kinds of trapping supplies. Coyote Scent a specialty, $1.00 per sample, if not The San Juan Petroleum company satisfactory we guarantee to refund your money, a Wyoming corporation, is the tar- Got our figures on Hides, Pelts and Wool before shipping elsewhere. eet fos" Kaltes ai ting $3,520.00, WRITE OR CALL ON US FOR PRICE QUOTATIONS filed in the district court yesterday, GREEN & COMPANY All three’ complaints allege that the || 518 West Yellgwstone ER Vhone 240% fendant company has fafled to mplete payment for drilling sup plies for which it contracted. company The General Supply fs suing for principal and $125.82 interest; the Leidecker Tool mpany for $493.06 principal and $ interest y compan BIG HORN BASIN LANDS Berlin Stocks greatest (etep: of . alfalfs, beans’ a 3 t | vegetables in its Ten the Basin, in a junction with the Burlington Route, are launching an extensiy Receive Boos | campaign for settlers, The coming year will see a great influx pene | of farmers from Colorado, Nebraska and the East, -Now is the time to invest for profit. We have been identi fied with the Basin country for over 15 years. We are closely in touch with non-resident owners of well located and highly developed tracts of land all close to town. Several are improved, e rented and producing good returns, These owners will sell now RLIN, Oct. 17—Stocks rose | rapidly on the ‘stock. exchange here | ‘ay following encouraging rep rts | m the Locarno conference. ¢ ge securities increased an ave: of three per cent and upward ten-|| at very reasonable prices which include oil rights dency was the strongest in weeks. For complete descriptions writé at once i | ‘ _ ao a AT ‘ > y : on the rallways SHEDD INVESTMENT COMPANY 1 Ital re In future to be guarded ‘e = by gates: painted. with luminous || 531 SUNDERLAND BLDG. OMAHA, NEBR. paint which will be visible by -night. | ye On and after October 17th we will be located at 153 South Wolcott Street— the storeroom formerly occupied by, the Casper Floral Company. | Finance Corporation of Wyoming | Telephone 252