Casper Daily Tribune Newspaper, November 1, 1925, Page 14

PAGE SIX AILY Stocks and Grains Che Casper Sunday Erisune | TRIBUNE Oil: and Financl ial News SUNDAY, NOVEMBER 1, 1925 bY; NOVEMBERM siges MARKETS TOCK PRICES SOAR IK New Last Sale York BS tonkeas| By TO NEW HIGH LEVEL 5 Motor Issues Lead Sharp Uptum Recorded in| Last Week With General List Sharing in | Sensational Trade Sessions. | A Blas Viecarevic and Dye - Can ~ 1 Car and Found: ocomotive and Ref. Allis ¢ Ameri An an Acco Water Works ~ Wool; rican an dividend develap- | of many Issues Favorable the pa rro ‘orthwe i St. Pa lon of Pre and for more uniee placing | stable plans a Sugar pfd. Davison Chemical > Power and Light, pfd Grain Quotations, Lower On Saturday, Score Gain In Trading for Week w ned t favorable w closed the w a week ago on the stren, sive dam wave nd_pro-| h. Low ¢ Kec 1.45% 1.46% 1 * abou ntinent closec while Reports be mi on the 1 tha owing N. H | Norfolk and Weste | North American Pac’ Northe und Tobacco ee! B San F\ Line Reynolds Louis and seaboard Air Sears I Sinclair Con Oil Southern P; Southern ndard ¢ Standard O1l, N Stewart Warner {st Ginide Preduction Shows nerease in Colorado * 31.—(Unite 1 a da the sand w on sixty { dat an er on the stru: than in tt well arid s an Important exte 1 of th 1d to the st'with the overy ermined. nur urrels in the ection 22-20-6 rence fiel feet with eduction of ap. arjo Oil an Isabel Of} wit comple ted ¢ J estimated settled p Inc ence {al production at 1 feet In ber 1, section 1 qe 39, south extension of the Florence | + en te pumpin Produc halfar but d pend equir ig inst ot s by Bins Vucere Broker 203 Congolte Bullding ration - 8:18 -10.75 LT r spe! 1 WEAY E KR - COMP. ANY Istone Hotel Building SPECIALIZING ; " ghar “aris \ Consolidated Royalty Western Exploration E. T. Williams : ‘ ~ : a 08 Will be wi o furnish any —_—— 00% | information of any of these sis E pipeline declared regular | sues. All stocks bought and F $1 dividend payable De old | te stock of November : 5 Blas Vucurevich, Broker imports into United 13 Consolidated Royalty Bldg pHeseirerer = hye t Phone 166 48,000,000 preceding ‘voll WE BUY, SELL AND QUOTE THE STOCK OF Consolidated Royalty foo Oil Co. E ALL US FOR INFORMATION | | CONCERNING THIS ISSUE | to 36.9 grav 87 to 89.9 gravity Mule Creeb Lander HILL, WEAVER & CO. |: Phone 3024 Gladstone Hotel Bldg. DOMe -n-rccennrwce Wyoming Oils | vich, ted Royalty 5 11.00 60 - 187 ituin By J, C. ROYLE Copyright, 1925, Casper Tribune) WASHINGTON, Oct. 31.—Renew- ed efforts by the postoffice. depart- ment to prevent the sale ‘of fraudu- lent securities has resulted in a say- ing of hundreds of millions of dol- lars to American investors so far this year. This loss, which has been estimated in previous yeats at not less than three billion dollars, has been ‘practically cut {n half, accord- ing'to postoffice officials. “It is my opinion,” sald Rush D, Simmons, in charge of the work of prevention of the use of mails’ to defraud for the postoftice depart ment, “that investors are becoming more cautious. The sale of fraudu- lent stocks or securities through the medium of the mafla ts on the wane, This is attributed to the special and vigorous attention given to com- plaints during the last three or four Millions Saved Investors By Postal War on Frauds yearé by. postoffice. inspectors and United States attorneys, resulting in an unUgual number of indictments and convictions, to the co-operation of associated advertising clubs, bet- ter business bureaus and. similar civic organizations and to the wide publicity given to these matters by newspapers and magazines. “Statistics recently compiled show that the total amount filched® from the public'during the last fiscal year was fully 50 per cent’ less'than for the preceding year.” These figures do not tndicate that less money is being Invested by the Ppople-of the United States. The earning ability. and surplus wealth of the country {!s being paralleled by an increase in thrift and by the se- lection of sound Investments, accord- ing to officials of the treasury and the federal reserve board) who have made a study of this side of the bus- {nese and economic situation. Ohlo O!l company has drilled in two new producing wells in the Rock River field of southern Wyoming, one on section 11-19-78, known as No. 6 Harrison-Cooper, coming in with a flow of 60 barrels at 3,303 feet, and No. 10 Harrison-Cooper on section 2-19-78 giving up 175 bar- réls at 3,350 feet. At the same time the company reported two ‘fallurés in the Kevin- Sunburst field of Mon- tana . Shallow Producer Completed. Producers and Refiners corpora- tion has completed a_newW shallow producer at 658 feet in the Simpson Ridge field. No test’ of production has been made. Oil Showings Near Orin. Good showing of oll are reported from the Ackard test’on the Platté Valley ranch near Orin, Wyo, where Kansas interests are ‘down 1,000 feet with a prospective otler. For- Ohio and Producers And Refiners Get New Well mations are said to be» checking with geological expectations. Split Hill Test Standing. Operations are at a/ standstill, at | about 800 feet in the Atlas Oil com. pany’s test of tle Split Hill structure 2 miles west of the Lance Creek field. Drilling will not be’ resumed until/next spring, it 4a reported. New Test for LaBarge. ‘The Reese Oll company is spudding in for a new test‘of the LaBarge oll fleld in Lincoln county, Wyo- ming, located on section 8 of the Vrang permit. Geology Lectures Offered. A night course in geology haé been | added to the cirriculum of the Cas- per night school. with H. J.) Vance of the Casper offices of the. United States Geological survey in charge. | A similar course of lectures war given ‘last year. BY GEORGE T. HUGHE: (Copyright 1926, The Casper’ Tribune) Installment Buying Concern has been manifested in certain quarters over the growth of the habit of buying on the install. ment plan. This it {s declared fos- ters extravagance’ and might easily lead to disaster not only to the seller but to the buyer. “The story has been going the rounds of a Mis- sour! farmer who paid cash for an automobile but glve his note for a tractor. The criticism’ is not so much that he bought the passenger car outright as that he did thie while he was deferring payment on the tractor. Whether or not it is wise to buy on the Installment plan depends not so much upen what {ts bought as upon the use to which the, thing ts purchased {s to be put. It may well have been that thi farmer chose exactly the right course. ~ ‘The trac- ‘BABSON BULLISH ON THE SHEEP INDUSTRY) Little More Than Half Country Today as in 1903, Statistician Points Out in Review of Outlook. BABSON PARE The _governmen . Mase., {s_ continu wheat, does not have about the outlook for ttle and othér live: In view of the general in- in the livestock industry Rog: er W. Babson today discusses the sheep and wool situation, and will later discuss cattle, hogs, and thelr by-products, Mr.) Babson's ‘official statement {s as follows: “Sheep and wool production thra- out the world/has been undergoing a very interesting and . important change. Although certain countries in recent years show an increase, the underlying trend has been down: ward. In fact, in the last fifteen years the: production’ of sheep has decreased around 90,000,000 head. or a figure larger than the normal number of sheep on the farms in the leading sheep producing coun- try—namely Australia, The United States has’ failed to stimulate pro- duction ‘to any appreciable degree. Great Decline In Sheep Raising “Back in 1903 over 63,960,000 sheep much t were held on our farms. On Jan- uary Ist of this year the number held was only” 39,194,000, a decline of-norless-than-39-per cent... The sheep production of this country and the world has ndt only falled to keep pace with the co ntly pa dene eg popplation but has steadily drophed downward, Today there ts much to say in favor of sheep ralsing. — In recent years.prices have held a re}- atively high level compared with most farm products, now 47, per cent over the prewar-level, This has tended to {increase production but the rate of) growth’ has. not been rapid. The number of sheep now held on the farms t# only 4 per cent above the previous five-year average. 1920-24, “The Department of A latest’ report shows an only 6,6. per cent in ure's increase of the lumb crop tome improvement. pounds. Perhaps the strongest buoyant facter is the atatistical position. It will take some years of nature's work to bring the United Stated and world supply of sheep to a» sound. basis. “Therefore, for, the present, there {s every reason for expecting a continuation of favor- able conditions in the sheep grow- ing industry. Bear in’ mind that, this does not /mean a further sub- stantial price advance. Economic forces are“now at’ work ‘which will ultimately medn more sheep on the farms and a-rloser relationship be- tween supply and demand. No Over Supply of Wool “Astor wool, prices have gone up. It {¢ one of’the highest of the commoluity groups. The first of this year wool prices averaged 182 per cent over pre-war. This was followed by a sévere reaction and the market has held stable in ‘re- cent months—104 per cent over pre- vious war levels, The return ‘of early 1925 ° prices fs: unlikely, chiefly because “the underlying trend ‘of world production is gradually’ ex- panding. ‘The current price hesi- tancy ts due largely to conservative demand and lack of progressive measures !n forelgn markets. ‘ Fun- damentall: the statistical position remains strong. This is © shown very. clearly by the ‘latest govern- ment ‘report which ‘Indicates ‘wool stocks on hand July 1st) around 32,496,800 pounds. A year ago July the supply held was 410,381,200 andthe July» averdge 1920-24 ‘ex- ceeded 481,240,700 pounds, “The most interesting point f: that ‘Imports’ have made a substan- tlal récovery from the low ‘level of 1920—then only 259,617,600 pounds against normal figure of 436,505,194. 1924 was another year of lmited re- sefpts, only 268,212,000 pounds. How. ever, this year the rebound has been Sensatioual ang the rate of {mports was above average, for the firsf elght months over 248,096,148 or an annual rate of $73,144,216 pounds. Imports must continue at's high tate; to readjust the supply figure’to veafe and satisfactory’ basls, Demand Falling piteer, Wool and ‘ Leath “Domestic conasnalbe has’ held fairly stable during the year to date, and the combination of business con- ‘Utfons and active demand points to True, the high irlse of wool counteracts much of the bullish influence. As already pointed out, it 1s not safe to expect materially higher wool prices. The main point'is this, until the world statistical position of wool is changed that is, until there is a closer re- lationship between supply ‘and de- Investment | tor was a productive agricultural | {inplementiahd might be expected to | {nerease Ils profite. “It so he was | Justified In borrowing the money to | pay for it, assevery business man does. Banks exist to loan money for capital uses. Probably the automo bile for which he paid cash was also productive'in a different-way. “At | any rate when alarm is expressed over the increase of buyIng*by par: | tlal paynients, some careful distinc tiéns ‘should be drawn ‘before any | panic is aroused. it 1s an entirely, sound proceeding. for Instance, to acquire good. securi- ties on the {nstallment plan always roviding you buy of a solvent ang} reliable seller, Also always provi ing the security itself 4s well select- ed. Borrowing money at the banks to this end is commendable 4? one does, not unduly extend Limselr, by that Iumean borrowing a larger sum than one can pay off within a reas onable tirae. as Many. on Farms. of percentage of 1924 the yearling ewes in breeding’ flocks ts more than sufficient for replace m™ The In lamb crop is due chiefly to/tncreases in the’ “na tive’ sheep states. . Several of the western states show decreases. There is no doubt that on the present basis of price the underlying, trend of: pro- duction will continue upward. Since 1920 there has been some shifting from cattle to sheep raising. «How: ever, the, sharp price advance in cattle, carrying +prices-to «ar level now 81 per cent over the pre-war base, should put.a stop to the shift- ing process. After Usual Fall Decline Prices Should Strengthen “Agricultural conditions’ this year have been favorable to heavy teed- ing. The demand for ewes {s tre- mendous and lanibs ate ‘belig’ held back on the range ‘in considerable numbers for breeding’ purpbs: The whole story now ts one of’ prosper: {ty and the question {s, how! long can {t last?) Certainly the present rate of production Increase’ will. not take up the elack In a'few months, Many years must pass ‘before there will be any over-production of sheep. ‘Temporarily the only wedl ‘spot ts the seasonal element, Ordinarily the lowest price level in"th®"sheep mar- ket 1s witnessed during ‘the closing months of ‘the year when the sea- sonal Influx takes place. Already prices are under the Kigh established last March, but there ‘s no danger of any radical slump. Prices should continue to hold up ona relatively high average and the ‘reason for this {s that although market re- colpts of sheap show some increase, there 1s no Indication of any marked expansion. A “Moreover, the supply of meat ts far under ‘nornial, For example; the cold wtorage holdings of lamb and nitton on Jetober 16t' was .only 1,118,000 against » snreviola .five- year October, average, of . 7,807,000! mand, the present price situation in the wool market is Hable to continue or, to put {t concretely baséd on pre-war prices, wool ts still high: but’ judged from a statistical pos!- tlon, wool ts relatively cheap. When such a condition exists in the case pt other commodities, the result, us- ually {8 a sidewise movement with- out any radical change one way or the other. The same reasoning ap- | Plies +to leather, “Ot course the one thing which: ts holding ‘wool and leather back is tlie style situation and the desire for fewer and*lighter clothes and shoes of brighter coldrs. Hence the de- mand for rayon products—whether this {s a paramount, change due, to heated: houses, ‘closed care, fur coats, ete.—no one can‘ tell. It vorien’ should suddenly decide to iguln) go to worsteds—in place of MIk “and rayon—or should again itampede to long dresses and real shoes, the price of wool and leather might double almost over night. One thing !s certain—namely, that any style change at this time should be beneficial, rather than detrimental to woolen and. leather. Investment Outlook “Someone has, said that the mill situation in New England and else- where should tmprove and look up- wards from now on. This may be true on the principle that a man who {s flat on his back can’ look only in one direction and that {s upjwards! Certainly both woolen and shoe manufacturers are very dull at present in most localities. More- over, so long as styles continue as they have, there can be no rapid recovery. Investors can only ex- pect a sidewise movement in the value of thelr stocks which will: ac- company the price movements {n the -ommodities. “On the other hand, economic his- tory shows that the textile and shoe industries are closely bound up with general busthess conditions. When the steel business, the rafiroad bus- | Iness and other lines are prosperous, more workers are employed so that more woolen goods and more shoes are’ purchased, notwithstanding the counter demands of the automobile, radio and other things bought on Installments. At the moment gen- eral business as indicateg by the Bab- ‘sonchart continues 11 per cent above normal compared with 7 per cent below’ normal a year ago. Tndl- cations are that general business will continue to “improve unless trouble develops abroad or‘some un- ofreseen things happen. If so tex- tiles and shoe companies should ben- efit therefrom. Whether\or not thie Increased: prosperity wtll now help the’ securities Lof ‘these. companies very much {s ‘problematical, or course, they wilt come back sorie- t{me—but when question.” STAR DUST. Pola Negritand her’ mother .are living at a hotel while’ their home is being ‘redecorated, *' * * Patsy Ruth, Miller -{s (planning to’ go’ on the musical comedy stage. * * * Marie Prevost ‘and Kenneth Har. lan recently celebrated’ ;their first wedding anniversary, * * Irene Rich is now in Europe, * * * Nor: man Kerry has gone deer hunting and has promised the whole estudio deer meat. * * * Lon Chaney car- rles a union card in’ the stage Eand's organization. He once per+ formed the double duty of scene shifter ond stage manager. * © Universn)) has insured the life of Teginald Denny for $50,000, ee Sally O'Neil had_a birthday Octo- ber 23. Let's see—was sie sixteen, Or wos {t seventeen? Anyhow Sally's very young and ‘she still takes a lot of pleasure in“having’ a birthday. 2 | C/famusemen AT THE COLUMBIA—_ fs HERE AND COMING Five’ acts of road show vaudeville are being presented at the Columbla theater today, for the last times. Judging “from the opinion of those who! saw the show last ‘night, it seems to be the best bill offered by the Columbia since the inauguration of the road show vaudeville. The acts today include, Dunn and Campbell, in “Melody and Musi Howard Swart, “Dealing out Web ster,” “Aloha “Duo, ‘"T'ropical - Seren- aders,” Roy Dove and Girlie in a comedy novelty act, and the Tangle- foot" Steppers, featuting "Scott twins and/Alice Frederick in all types of daneing. The photoplay for/today Is “Just a Woman,” with Conway Tearle FAMOUS ‘STUNT MAN OUTDONE IN FILM FEATURE ry LEME “Son of His .Father” Coming Wednesday to the Rialto. During the filming of Harold Bell Wright's “A’Son of His: Father” on location in southern Aflzona, two expert horsemen rode seventy nilles —from, Tuscon to the motion pic- ture location camp—hoping to dou- ble for Warner Baxter and Bessie Love’ in somie of the riding scenes for the production. They “arrived at camp while Di- rector Victor Fleming was. rehears- ing a difficult riding scene with Warren Baxter. The scene called for Baxter to vault into a saddle and then, riding at top speed, leap over a-canyon fifteen féet wide. The two men watched the ® rehearsed ohce and then turned. guess they don’t needvus, & “T Bil,” one of them was heard to remark as they started back toward town. “That feller just did‘ something I wouldn't have cone for all the rodeo money in the world.” Raymond Hatton .completes the trio of*players featured in the prin- cipal roles of the production, writ- ten for the screen by Anthony Coldewey. Other big names in the cast -aro Walter McGrail, in a “heavy” role; Charles — Stevens, James Farley, Billy Eugene, Carl Stockdale, pealentine, Zemina and George Kuwa. “A Son of His Father,” which will be shown at’ the Rialto theater on Wednesday, is the newest and finest-*novel by one of the most popular western authors of today, ——— Market Gossip BY HILL-WEAVER & COMPANY Gladstone Hotel Bulldinz Though sufficient securities have been deposited to render a planjor reorganiation of © Virginia-Carolina Chemical operative, the time for de- posit has been extended to Novem- ber 9. Dun_ reports 373 commercial fail- ures this wek against 324:last week and 413 wame week of 1924 Studebaker consolidated come for quarter ended 30, ‘was $2.61 on common $1.06 in 1924;. «lx, months against $4.94. Company has no bank loans and cash on hand $19,385 $25 Marshal, Field says current wholesale distribution of dry goods was well In excess of last week and same week'a yeer ago.’ Collections Were not quite equal to same period last year. et in- ptember Pennsylvania Railroad understood to have authorized purchase of 160,- 000 tons rails. American Bosch calis for redemp- tion December l'at $105 and accrued interest its $2,125,000, $ per cént! sinking fund gold notes. { Proposed fasue, of Brooklyn Bal: son stock will be offered «harebold- ers:at $100 on basis of one share for each“four held Rights accrue to holders of) records November 12 and expire December 1. | New, York, Chicago and St. Louis declared regularly qu&rterly’ divi- dent of 1% per cent on common and preferred, both payable January 2 to stock of November 18, Household Products declared reg- ular quarterly dividend of 75 cent: payable December 1 to stock of Ni vember 16, Bradstreet’s finds trade and indus: try sustained at best levels of. year with weather etimulating retail ines. Dun's reports @ more marked up. ware trend in most lines Atlantic Coast Line obtains right of way for 40-mile extension of its Thomasville branch {n Georgia to Perry, Florida, which will open new Claire Windsor and y Marmont ‘The starting time of shows today are 2:30,.7 and 8 o'clock, The admis: sion afternoon is l0c and. 3 and 10¢ and 40c in the evening. Country Store Tomorrow. Tomorrow night the Columbia will have its regular Monday night coun- try store. One hundred dollars worth of merchandise will be given to pa- trons. The new First National ure starting tomorrow’ is “One ar to Live.” It's the story of a beautiful p! woman who was told that she had but one year to Hve; but what a year it was, In the cast is Etleen Pringle, Dorothy Mackaill, Anton Moreno, Sam De Grass and Rose- mary Theby Rialto. Monday and Tuesday— James Cruze’s big production, Pony Express,” with Ernest tence, Wallace Beery, Betty son and Ricardo Cortez. First s! each day at 12:30, Wednesday, Thursday and Friday Harold Bell Wright's story, “A Son of His Father,” witn Warner Baxter and Bessie Love. Coming soon—"'The Merry Widow.” Sunday, America Sunday, Monday, Tuesday, Wed- nesday—Douglas Fairbanks in “The Thief of Bagdad.” Thursday, Frid: vs, Saturday— Bal. ly of the Sawdust.”, 2 D. W. G fith production. Iris Sunday, Monday—"Tides of Pas sion.” Tuesday, Wednesday Thurs. day,.—"The Happy Warrior.” Friday, Saturday—“Fear Bound.” Columbia. November 1— A feature picture with Con Tearle,~ Claire Marmont, . also vaudeville, November 2 and Tu “One Yi to feature picture with Eileen Pringle, Antonfo Moreno and Dor Windsor five a and Percy road show Monday, ts thy MacKaill, also comedy, “Movie Morsel: On Monday night is Country Store with $100 worth of Merchandise given away free. Wednesday, November 4, . Thurs- day, November. 5 and_ Friday, N vember 6—''The Knockout,” feature Picture with Milton Sills and Lorna Duveen, also comedy, “Permit Me” and Kinograms. On Friday night is amateur night. Saturday, November 7—‘“tWwild Bulls Lair," feature picture with Fred Thomson, Dan Allen and Catherine Bennett, also flye acts of road show vaudeville, ARINGTON PLAYERS 70 APPEAR AT ELKS AS CASPER BAND BENEFIT The famous Arif&ton Stock com- pany, which is coming to the ‘Elks auditorlum Tuesday night, Novem: ber 3, bears the distinction of being the oldest dramatic stock company in the United States being con- Unuobsly before the public for over thirty “years under the name and Personal” management of Walter Arington—and this c is not unkndéwn to the th offering Willard J. Mack of crookdom, and been presented in theater in the United States and Europe. Mr. Arington states that his company appears to a most splendid advantage «in. this particular play—ev: member be- ing cast to the best possible man- ner—and promises the © Municipal band a most unusual popular priced attraction for this occasion. pla koe Ss LYSLE M’GREW WINS PONY AT THE RIALTO Lysié McGrew, a youthful resident of Mountain View won the Shetland pony given away Saturday by the Rialto -theater. Young McGrew ob. tained the pony In ‘competition with @ large number of other boys. He happened to have the right coupon. That was all, but It was much’ to him, and yroved so much of a sur prise that he forgot everything but the, horse when called to the stage. So enraptured was Young McGrew with the handsome prize that he for- got his own name, but he quickly recovered himself and expects to enjoy the pony for a long time. Noth- Ing, he says, could induce him to part with the anima) pe tea iS ae through Une from Tampa and. weat oust. cities Construction will be gin a4 soon as Interstate Commerge Commission approves application. ov ~~ ‘