Casper Daily Tribune Newspaper, October 28, 1925, Page 10

PAGE TEN DAILY [sie | TRIBUNE - The Casper Daily Cribune WEDNESDAY, OCTOBER 28, 1925 ‘ IARKETS FREIGHT LOADINGS BREAK ALL RECORDS Year’s Total in Country to Cross 43-Million Car Mark Before End of Week; Prosperity Told in Late Figures. By J. ©, ROYLE ight, HINGTON, by ed States so far this year approxi ates the 43 million car mark and U) exceed that figure by next Sat- his ts the highest record cess of one million cars 2 week. The gain to commerce and {ndustry can be calculated by the fact that onl Caspe movement railroads of the Unt: reach the million car just for one week. Gaines in railroad t have been ed'in the history of the| ment of frei mately | load lo! in move These two divisions of e period lust year aggregate 1 4 evidence ha s of the movement for th ear. In spite of the railroads have e of surplus cars mdition today than at a time in the past. From 150,000 to 200,000 cars a week in excess of di mands of shippers have been avail- able’duting the last three months. Fourteen New Wells In | Salt Creek Field Are Completed by Midwest Se Fourtee ded to the produc! Atlas Ol) company’s hole is still gf at 800 feet in its test of Hill .tructure,.12 miles Lance Creek. | YOU KNOW ME AL---Featuring Jac!- Keefe Am. Tel. and T American Tobacco American Water Wo American Woolen Calfornia Petroleum —_. Anaconda Copper Atchison ~..--.... Atlantic Coast Line — Baldwin Locomotive — Baltimore & Ohio —_. Bethlehem Steel Canadian Pacific — Central Leather, pfd. Cerro de Pasco Chandler “Motor Chesapea arbon-Wyoming Oll company will ion its test well elght miles h of the Eight Mile Lake gas near Rawlins after striking a avy flow of fresh water In the : nd at 1021 feet. SEX . 20, SWH 14-40-79 26: Production company 1s 100 feet with its deep test of the Big Sand Draw gas field in Fre- ont county, Wyoming, where the w waiting for control ent before drilling into the ‘The well is lower on the tru nan the big-“gassers of the Produ.ers & Refiners corpora tion. Riverview Amusement C Among New Incorporations CHEYE Wyo., Oct. 28.—The] stock of the-company-is-given at! ; s ts | $100,000. gaa aseal oi aera eppaihio The Rawlins Boller and Tank among the Casper business firms) wi. of Rawlins, filed papers, and that filed a of incorporation | has a capital stock of $50,000. The . EB, Lucas] directors are F. F. Shreeman, HW. C. fs) ie and P, D. Withers. The Johnston~Air Brake company of Cheyenne, with a capital stock of $100,000, filed articles of tncorpora- ore ar Mills, of Cas-} tion. The directors are Norman P. comp: Ble € Beard, Frank N. John vT. \ileox ¥. Godbe. Two foreign corporations qualified under the Wyoming statutes. They are the Maytag Inter-Mountain com- pany, and the W in-Himes De. velopment. company. ch ‘filed pa- ffices will in ° The directors named in the Gratiot and nd V~ C. capital Chicago & Northwestern Chic. Mal. & St, Paul, pfd. Chic. R. 1. & Pacific_. Chrysler Coca Cola Colorado Fuel Congoleum-Nairl Consolidated Gas Corn Products ~ Crucible Stee! Cuba Cane Su Davison Chemic: Dodge Bros., pfd Du Pont de New - Elec. Pow. and Li Erie Ist pfd. ___. Famous-Players General Asphalt General Electric General Motors Great Northern, Gulf States Steel _ Hudson Motors — Illinois. Central Independent : Oi! International Harv: Int. Mer. Mur., pd International Nickel Kelly-Springfield Kennecott Copper Lehigh Valley Loulsville & Mack Truck — Marland Ol! Mexican Seat Mid-Continent Missouri, Kan P, 2 Of Petroleum _. & Texas. cific, ptd. Missouri Pacific Pan. Amer _ Commodity Trade News | Fruit Lumber CLOQUET, Minn. — The Northern Cloque and Johnson-Wentw: Lum companies are cutting the rate 5 million board fe. of 1 nce order st grades almonds would be cut nearly fifty the excess of sponsible for the drop. € Prices will be Se ear, SPRINGFIEL Ils.— Wheat Ail PROJEGT planting and other farm w * I HELD SOUND c ed From tain the rth nd u ve been bullt long ag Mr. Bartling and Mr. H 4 warm appreélation of t ality accorded them during Casper. includes also Lee dent of the ming-Montana company; Philip Ww. director of that company, and J. J, Foley, of the Chicago, Mil- ,| waukee and St, Paul, departed this morning for Salt Creek, traveling completed section of the 1 South. They were nc companied by Sherman Canfield and Charle Hill, local representatives of the North and South. They will Inspect the Salt Creek oll Hlelds, ston in Kaycee tomorrow for luncheon. d goon to Buffalo and Sheridan ——s s 1| Cotton ORK, 0 $.—Cotton Page ¢ ntract fo aine lo) sed by the Donug motives. “ e | ex 1 Packing House Products HICAG Beef rade > y for pa Rag. Phil : Petroleum _ hilt Texas Compan Texas & Pacifica. Tobacco Products ‘ranscontinental Of! Union Pacific ....- 142\ | U. 8. Cast Iron Pipe. 211% U. 8. Ind. Aleohol . 4% fn 708% 128% ghouse Qverland Woolworth - | All. Chem. & D; - 105% American Can - 258% Am. Car and Foundry 108% American Locomotive 120 Am. 5m..and Ref. 115% American Sugar - 67% 141% 117% ___Cmide Market 1.79] *sainst acceptances, 4; time loans, ek, 36 to 36.9 gravity .$1.79 Salt Creek, 87 to 39.9 gravity . 1.87 Rock Creek ... weeeweweeeene 1.75 Big Muddy woose LT6 Elk Basin . aarsweciocseoe 1.80 Cet Creek 2.2 ceeeeeene 1.90 tance Creek redetees Snemeened 190 ‘irass Creek, Ught —1... 1.90 ‘ieybull ... 1.75 Torchiight Mule Creek ..------. 1:36 Gander .2--- eee "YOBO oneweenannanemneneenenne 2.15 SUNDUTSt 222. ceemeeeeereneeene 1.65 Hamilton Dome 2 ee 1.05 POETS eectecncccccssessosers 105 Byron freee 1,30 Notches ~~~... 65 Pilot Butte -------ss.--. 1.35 . Poultry CHICAGO, Oct. 23.-()—Po alive, Weak on fens, at Springs: recelpte. 11. | Tribune Want Ads Bring Results. Hay, unchanged Waller. GUT (FE You Sere 8100°4asn THIS CHECK eat irae Rs { i Wyoming Oils: Quotations by: Bras Vucerevich,: Bro! HEAT GAINS ker 203 Consolidated Royalty Building Western Explorati¢n.. 2.85 8.10 Consolidated Royalty.- 8,90 . 10,00 ; _ | Central Pipeline"... 55. .60 Heavy Selling Develops in|. T. Williams ’-----. .10 ae i i- W Berwemér, 2-2 aseen' 13 Laver Trading on! Ot. | renere Gees ar ete 4 Kinney Coastal. 07.08 Columbine:------.-- 0% 08 CHICAGO, oct. 23,—U)—Heavy | Jupiter! .2.-------- §.01 02 profit taking sales lead to a-lvely | Elkhorn ------------. 03.04 reaction today in the: last’ part of | Domino #-------—-----..06. 08 the board of trade session. The late | Royalty; Producers:_--" .03 .04 setback, virtually’ wiped out an ad-| Sunset “-----___. 005% 00% vance which took. place earlier. | Picardy ~------------- .01 02 Wheat closed unsettled, “%c net| Atlantic’ Petroleum: -_ | 00%" .00% lower to Sc gain, new style, De | Gt Northern, per 1,000 .50 1.00 cember $1.49% to $1.49% and May | Quaker -Oll--_.-2--~ = .00%~ .00% $1.46% to $1.46%) Preston Oil, per'1,000_- | .75 1.00 eee Bucck Creek. --------'.08 .09 CHICAGO, Oct. 28,—(#)—Wheat , McKinnie -....---s---) 10 312 scored a sharp new advance in| Riverton |Pet.;---.---- 2.65 2.85 price today despite some show’ of} Argo -~. wenenene=-- 5.50 4.00 weakness at the start. The advance was accompanied by active purchas- CURB STOCKS ing on the part of a Chicago specula- tor who has recently been on the selling side. Meanwhile reports from Australla were current that rain is urgently rleeded in Victoria fereitie Woe eee Mountain Producers ~~... Salt Creek Producers_-__.. Continental ‘w York O! and New South Wales to insure the -- - iu filling of grain. On the other hand. t_ Creek Consolidated: a4 hesitating action of. the market at O., Tndlanas. - 63% the outset was apparently. due. to| Humble - 69% the relative indifference displayed at | OP¢° - 63% Liverpool concerning yesterday's up- turn in values on this side of the Atlantic. Chicago opening prices. which ranged from %e decline to 3c advance, new style, December $1.49% to $1.50 and, May $1.45% to $1.45% were followed by a slight further setback in some cases and then by.a rise to $1.52 for December wud $1.49% for May. Later buying power became ex- hausted when the wants of previous sellers had been supplied... Then 2 | | Market Gossi BY HILU-WEAVER AND CO. Gladstone’ Hote! Building American Type Foundry, Corpora- tion reports for year ended August 31.a net income of $1,174,125 after C/ WELL.MRNON Ginn, {WERES THE WUNDRED Bucks: CHANGE — 1m GAD Youre ° GETTING THIS CAND @SITIS SOME 846! Upward Trend Continued on Favorable Report of U.'S. Steel . NEW YORK, = Oct. ; 28—(@)— Stock prices: rallied sharply after an-earlier period of heaviness in to- day's market. The early selling, which* was most effective in the motors and steels, wab inspired by. a continutnce of relatively stiff call money rates and commission house advices recommending a lightening of long accounts. Bear traders also offered stock freely on the theory that-a further reaction was war- ranted on technical grounds, but their offerings were so well absorbed that selling pressure soon relaxed. The recovery was aided by a series of favorable dividend announce- ments, including the declaration of an extra dividend of $1 on Ameri- can Tobacco “A,” and B stocks, the annual rate on which was raised from 87 to $8; resumption of pay- ments or Barnsdal! A’and B stocks; an Increase in the Kelvinator annual rate from $1.50 to $2 with an addi- tional stock dividend of 1\% per cent, and the announcement of a higher rate’on’ American Stores. Reallz ing sales carried the steels lower at the start, but they rebounded brisk- ly when a strong demand’ developed for Guif States. General Blectric extended its carly gain to 12 points, Federal Mining &nd Smelting pre- ferred tO 9 and Reid Ice Cream, Woblworth, U. S. Realty and Ginter Stores sold 4 to 7 points higher, Rails were qui selling became more aggressive and federal, taxes, against $1,010,575 a the market turned downgrade. . . year ago. | Corn ' sympathized with wheat ‘ strength. After opening at %c off| . Interboro. Rapid Transit ta Sep- to %e 8 4c up, December 74% cent. the] tember had a deficit of $306,200 corn. market ascen¢ all. around, | against a felt $87,175 tn 1924; December touching thres mot s deficit $673,730 ugainst Later the market } $929,183. when -wheat declined ady at the same hn to Ye higher | | Packard’ Motor for ' year _ ended | August, 21, earned, $4.84 a common | share against $1.54 preceding year. were od- with wheat ended unchanged to er taxes. 39% to 39 and depréc against | $276,126 in preceding quarter, and {$163,181 in third quarter of 1924; nine’ months 7430! against $tM,- 248, ‘ ent within narrdw | Provistons paralleled ading, cereals, in hog values at—- Open Great Northern ‘net operating in come on $4,324,355 against $3,082, Sin 1924. the on Norfolk and, Wesiern sgeclared dividend’ and‘extra of. $1 n; nine $13. New York Dock Se wlus after taxes "and $41,862 against $34,691 ber, 1924: -nine” mow Septem- $478,082 in bs 0 TID ats | awalnat $396,523. pe Cash Grains and Provisions ! ~<OitSummary | CHICAGO, Oct. 23,—UPI—W bent . fs mi: \ No. 1, hard. $1,61;,No. 2 hard. $1.60. | | A ummary Corn, No. 2 mixed 82@8Se; yellow. 82% @8Se. » <| BY HILL-WEAVER ‘AND ‘CO. Gladstone ‘Hotel Building No. American Petroleum tInatitute ea- timates¢domestic.crude oll produc: . 2, 85@85%c. tion iin iwéek+ October, 24 averaged | Bar 60@700. 2,065,950 barrela ‘dafly, a decrease of hy seed $6.75@7.50. 16,950 datly from’ preceding week. $20.75 @29. Last week’ was seventh successive La week to'show decline’{n production. Ribs, $16.00. Beit ios Belltes, $15.50 | Crude off "tmporte averaged 92,284 | barrels ,dgQy against 214,143 dally j is preceding week, ° Money | | Guilt: on “eakatnige® tor tiret “nine ‘tort estimated by interests cles NEW YORK, Oct. 28.—()—Call| to company!at! $8:50/a share ‘and “12 months ‘net better .' money, firm, high,’ 5; low, 4%;-rul- ing rate, 4%; closing bid, 5;-offered at. 5%; Inst loan, call loans at *$10.00. a* share’ or Roxana Petroleum, }Shell! Union subsidiary, pldns*to spend) $6,000,000 ; mixed collateral. 60.90. days, TH OsTeL A’ monthe 44.0 tier eee | in! 1986 onltmprevererte. poh aidde Ms alti 4% @4%%: 4-6 months, 4% 4%; prime mercantile paper, 44% Butter and Eggs | CHICAGO, Oct. 28,-()—Butter 4,002 tubs; creamery —_— CHICAGO,: Oct; 28.—(4)—Potatoes demand ;rather, slow .for box cars; refiigerator cars: in: active, demand; ‘totale U. 8. shipmente 2 cars; 48c: standards 46%s; extra] market strong: Wisconsin and Min’ 454 @47e; fireta 49@44%Gc:] nesota sacked round, whites, box 41@s2%hc,_ ges unchanged: cea $3.00@5.15; refrigerator $3.28@ £82 cases. 3.36; faricy Nighér; Wisconain Hay cITy, and Michlgar wound whites box cure $2,0005.00; refrigerator $3,00@ Tddho” eacked russete $3.50¢ ‘rovelpte 62° cars,” r ? KANSAS Oct.” 25.—)— Pets ° | Leades were rapidly extended. Be- NEW YORK, Oct. prices followed av the opening of toda: market, with buying again stimulated by reports of expanding trade, particularly. in the'merchandise and chain store flelds. United States Steel resumed its advance following publication of its*favorable third quarter earnings and ‘{nitial gains of one to three points were recorded by United Drug, United Cigar Stores, Sears Roebuck, Chrysler, General Motors and DuPont, ' The familiar process of bidding up special issues on the basis of {n-| creased dividend or recapitalization Prospects continued through the early dealings. Under the stimulus of this buying several industrials |broke into new high grouné for the & them Woolworth, sler, By ed. The rise in the named was attributed to buy-| for .merger purposes. Mean. | while gains of other representative ore the end of the first half hour 4 Paper. DuPon: udvances in Ame » Mack Trucks. General Elec of California nge » two points. Foreign ex e irregular at the oper change ing with sterling holding firm at, $4.54% and Franes easing off to 413 cents. Heavy se of motor and steel shares caused upt decline which cancelled most of the rise tn the active tssues and drove 4& num: ber of shares a point or more under yesterday's final figures. General Motors and DuPont dropped 3 points. from their high figure. Chrysler 4 and U. &. Cast Iron Pipe six. The trend became upward aftrwards when various epectalties beran: to rise buoyantly, General Electric climbed “814: United ‘Drug 7%, 8. 8. Kresge'10 and Standard Milling American. ._Tohaceo, .Montzomer. Ward, Fox Film and Gulf Statos Steel were accumulated on a larce | scale. Call loans. renewed at’ 4% per ‘cent. $$. The closing was strong. Prices} Sict forward rapidly tn the- late | dealings and buying enthusiasm was | generated in a wide variety of {n- dustrial ‘stocks. United’ States Dis- tributing ‘preferred soared 18 points while the final rally carried Chrysler, j United Drug. ‘Woolworth, Gulf States Steel, General Raflway: and U,"S. Realty 6 to 10 points above last nigit’s closing levels. . Sales ap- proximated | 2,250,000 shares. oo } Libertv Bonds | — » NEW YORK, Oct. 28.—Liberty bonds closed: 3%» $99.16; first 4s $100.16; first 4%8 $101.30; second 4s ' $100.20; third 4%8 $100.30; fourth 4%8 $102.1; 0D. 8, govérnment i%s $106.9. SS ee an WING RULES. | | OTOCK MARKET . Livestock —$—$—$—$ << —$ $$ Chicago Prices CHICAGO, Oct. 28.—{U. S. Depart- ment of Agriculture).—Hogs, receipts 20,000; uneven, mostly 15c to 25c lowed" than Tuesday's best prices light lights 25c to 40c off; slaughter pigs, steady to 2dc lower: bulk good and choice 160 to 325-pound weight '$10,90@11.10; few 140:pound selec tions topped at $11.35; packing sows largely $9.35@9.60: 40 to 50-pound roasters up to $13.00; heavy weight hogs $10.70@11.15; light Ights $10.50 @11.35 slaughter pigs $11@12.25. ~ Cattle, receipts 15,000; better grades fed-steers steady, some weak- ness on others; early top matured steers $15.50: some yearling held around $15; Uttle done on western &rassers; she-stocck. and bologna bulls, steady; heifers and canners and cutters, active; vealers, steady, to 50c higher largely $12.50013 to packers; few upward to $1350. | | -By DICK DORGAN Shee~ receipts 10,000; fat lambs, active rong to 25c higher; most advancy WYOMING WINS NERBATTLE (Continued From Page One) development of the river might pro ceed as speedily as possible. All told, more than a dozen ap. plications fer development along the river will be suspended -by- today's action, A resolution adopted set forth that since there were so many applications on file for rights alo: the river it seemed that a. defi: expression was called for as.to a temporary government policy cover- ing all the applications. Commenting on the decision, Ward Bannister, president of the Denver Chamber of Commerce and the Colorado River Leugue, declared it would have “a strong influence » shipping accounts: bulk | against all bills in congress looki:er better grades natives and comehack| to authorizations and appropriations westerns $14.75@1525 to packers:| for reclamation, power development shippers taking few loads at $45.50] and flood control zmojects in Arizona @15.75: fat sheep fully steady: de-{and southern California, except in sirable ewes upward to $8.00; noth- {ng done on feeding lambs, few de- sirable light feeders on sale. se ge exchange for an ment.” » Mr. Bannister declared — upper basin states feel confident for sey Omaha Quotations. eral reasons that congress will no: ‘OMAHA, Nebr., Oct. 28—(U. S.| vote any money for Colorado river Department of Agriculture.}—Hogs | flood control, irrigation or power —Receipts, 6,000; early sales desir-] projects in lower basin states able Ughts and medium weight|advance of ratification of a butchers steady at $11.00@11.25: | ments. early top $11.25; late transactions 25¢ lower; late practical top $11.00; bulk of eales $9.25@11.00; average cost Tuesday, $10.60; weight 253, Cattle—Receipts, 6,500; fed steers nnd yearlings moderately active, steady to strong; bulk $9.00@11.0 two loads long yearlings $12.7! grat steers strong: bulk $7.00@ 8.00; few loads $8.50@9.00; she stock 10@@15c higher: bulls strong; veal and calves steady; stockers and lers slow, mostly steady; bulk grass cows $3.75@5.25:. good Wyo- GREAT FUTURE IS PREDICTED (Continued From Page One) which to enrich the lands which ming cows $7.00; heifers mostly |are being farmed is just dawning $5.00@6.25; and bulls canners bologna $4.00@ $6.00@6.7: feeders $6.25@7.5 stockers yearlings $8.25. Sheep—Receipts, 4,000; lambs 15@ | operations started. 260 higher; bulk natives, westerns ractical veal top $11.50; heavy |a vrey few years deveior and]|a demand that every foot of Wyo cutters} upon the American farmer; in fact, the need is obvious and will within p into su’ ming deposit will be leased an "Once a successful enterprise ts and fed wooled lambs $15.00; one] launched, the operations started and load of fed lambs averaging 99] placed on « paying basis it will ut v junds $15.40; one deck averaging $8.00; feeding lambs 15@25c higher: top $15.40; for two cars of Utah feeding lambs average 64 pounds. Denver Prices DENVER, Colo., Oct. 25.—U. 8S. Dep't of Agriculture}-—-Hogs — Re- celpts 700; three loads direct to pack- ers; active 10 to: lfc lower: quality comm: fop $11.60 for few good drives; packing sows fully 25¢ low- er at $9.50. Cattle—1700; calves 200; pa of run ‘still pack; feeders st to strong; numerous loads to 0; other classes steady Cows $2.50 to 3. vealers $1 bulls $3.50; several loads Inferior to f stock cows $2.60 to § fairly good stock ca $6.75. Sheep—20.500; only few: loads of- fered for ea large part of run not yet arrived; fat lambs-15 to 250 higher; 1100 head out of 9 car string Colorados $14.15; breeding ewes strong to highe: ———— NEW YORK, Oct. 28.—(P)—For- eign exchanges irregular. Quota- ons in cents: : Great Britain, . de- mand 484 7-16; cables 484%; 60-day on banks 481. Franos, demand 4.1644; cables 4.17. Italy, demand, 4.95; cables 3.95%. Demand, Bel- gium 4.54; Germany 23.80. | Silver NEW YORK, Oct. 28.—Bar silver 71%; Mexican dollars 6475, to SRFCIALIZING 0 ‘Consolidated Royalty ‘estern Exploration E. T. Williams Will be glad to furnish any Information of any of these is- sues,’ All stocks bought and ‘sold, Blas Vucurevich, Broker 403 Consolidated Royalty Bldg. Tribune Want Ade Bring Results, \ Phone 166 1] NEW tract more investors and, one wil! pounds $15.50; fed clipped lambs | see thousands of Bigantic industria! $14,00@14.15; sheep strong; ewe top | enterprises being carried on. Not only will it be off and pitrate but coal, gold -and silver, copper, asbestos and fire clay, of which the state has unlimited quantities await ing the proper well founded. com Pany to develop them on a substan Ual basis. To get these projects before the people who are willing to develop them is up to Wyoming.” —s—___ Sugar NEW YORK improvement w mand for refined Oct. 28.—()— reported in t sugar which mouth char ichanged at $ granulated, fine Yo. Oct. 28.—Sug. tures closed firm; approximat 000 tons; December 2.01 2.08; March 2.20; May 2.42. ~~. Flour MINNEAPOLIS, Minn., Oct. (P)—Flour, 10c to lbe higher; patents $8.85 a barrel. Bran ——_ Tell the Advertiser—"J saw i: The Tribune. Building Problems Cleared Up We like nothing so well a to have old customers, and those who wish to be, yop in for a ersonal talk. Our latch-string is always out. Many building problems have been quickly cleared up in ‘this way. And, likewise, many visi- tors have gone away with # more appreciative understand- ‘ng of our ability to serve them. We have ample variety and quantity of select building ma- terial from which to construct most anything desired, and our ‘ocation favors you. Western Lumber Co. 300 N. Center. Phone 765 interstate agree- {7 Mm