Casper Daily Tribune Newspaper, November 15, 1925, Page 10

y wee Ro ‘Jeavy Selling Brings Some Setbacks in Late| : “GRAIN PRICES SCORE ADVANCE FOR WEEK w pa ar w! «Jiminishing Supplies for Export Purposes and Reduction of American Stocks Bring Upturn in Chicago Trading. | to v th M B st fit ! ; E he surplus of w PAGE TEN SPOCKS REACT TO — RECENT RECOVERIES Trading of Short From “Colla W YORK, Nov. 14.+A we brou uncial h in value incipal des an enormous volume, one three- sentl-| million-share pe recorded s of the| for the first time since the famous the way] “leak" on President Wilson's peace and private Stocks Session But Recovery pse” Still Stands. | ht erous favorable divide s which included a $5 ex dividend on General Motors , retention by the York nk of {ts 3% per cent re- Increase in the dis: a Boston b a dei tra cormmor apse, fon a8 a wart price 5 to 26 polne: and large traders hastened to unload their h and while the movement was rized by many as an end of sway market that has held » years, recovery wis rading reached for ty full and comp! note in December, 1916. CHICAGO, ‘Nov ent texPort from Australia and Arge jaina and reports of black rust in A rentina ¢ a to values in t top of su’ Ing was unsettled in Ameri however. shipment do with the the latter days of the week. Ch 14.—Depletion of available for > during week were and closing in corn as an stocks of and a falling off in supplies to Europe had much advance in prices dur- 00 bushels of regular Eastern mills were the } buyers. responded to the while scarelty of offerings gave a boost to provision prices. Today's range of grain and n-| provision prices follows: r-|Wheat— Open High Close 0- ~--- 1.56% 4, 1.50% b- 1.50% hl. : a loss to decide what g There ate fashions in investments }tO do. The object of this article {s ust as there n Wearing apparel. |to suggest that he take the middle ait one time one kind of security is|course and content himself with co” favor and at another time ft will| those high grade preferred issues ye something else, Now, however it | which have been tested by time and oay be with clothes, it does not al-|which are still available to net any- n pay for an investor to insist | Where from 5%% to 615 jer cent. Such ¥" following the prevailing style, |an investment iy devoid of specu. p Just now, for Instance, every lative possibilities and that ts one pants common stocks. This is a nat- | Of the reasons why such a generous ‘ } : Blas Vucurevich, Broker development ancing ma: in prog more, Pr of stocks from the ess for the pa: early this fa ing up practically = made thei - in the movement vestor then who 1 into securities man SPECIALIZING In Consolidated Royalty active t in stocks that for the gres points in their 5 money times has been at income may be secured thereon. It is outside the scope of this series to recommend the purchase of specific stocks but for illustration one of the highest grade Industrial preferred st at all more than 65 per cent and a full 1 per cent more {8 to be had trom © better utility preferred Oil Summary BY HILI-WEAVER AND CO, Gladstone Hotel Buildiog Petroleum imports into United Kingdom for week ended November 9, were 13,600,000 imperial gallons age 31 In preceding week, Gasoline prices advanced yester. day % of a cent a gallon in midcon- tnent district, when refiners raised stocks on the market sells to bring | Will nformation of any stocks en Western E. T. be glad es All 3 Consolidat Phot OF JUNK. lead and b. mane and price furs and w | S18 West Ye'lowstone Metal, brags. in the market. Exploration Williams furnish any of these is- bought and Sun Oil to stion © in Mexico ed 1 yalty Bldg. ATTENTION atteries. horse tails, ool. GREEN & CO. 15 to stock of Novembe: for ed stock and week ight outpt WE BEG TO ANNOUNCE THAT GREEN & CO. ARE AGAIN IN THE MARKET FOR ALL KINDS radiators, manila rope, inner tubes, We pay 20c per pound for horse We are paying the highest Get our prices for hides, pelts, Phone 2408 ces to jobbers to ten cents a bar- dive dend of 3 per cent and regular quar terly of 26c cash, payable December heavy ended ser 7 averages 276,571 barrely an Increase of 13,429 over pre- and Grains Last Sale By Blas Viecarevich t ical und Dye nd Foundry Allis Ci Amer! Americ: Ar an - Locomotive American Sm. and Ref. n Sugar --- Baldwin Locomotive Baltimore and Ohio Bethleh hwestern . Paul ptd I. and Pacific Congoleum: Consolidated Gas Corn Products Crucible Steel - Cuba Cane Sugar pfd. -. Davison Chemical _ Dodge Brothers pfd. Chrysler Du Pont de Nemours - ‘ stern North American - Northern Pacif! Pacific Ott Pan American Pet. Pennsylvania — Phila and Rdg. C. and I. Phillips Pet. Pure Ot! Radio Corp Reading Rep. Iron Reynolds B .. and Steel Tobacco B .. St. Louls and San Fran. Seaboard Air Line Sears Reobuck Stewart Warner Studebaker Texas Co. Texas and Pacific Tobacco Products Transcont, Ol Union Pacttic U. 8. Cast Iron Pipe -. U. 8. Ind. Alcohol — U. S. Rubber... U. 8. Steel Wabash pfd. Quotations by Bias Vucerev! Broker 203 Consolidated Royalty Bullding Western Exploration — 2.88 Consolidated Royalty -10.00 Bue’ Curb Stock: Prairle Ol! - Mountain Producers - Salt Creek Producers - Continental —--. New York Olt Salt Creek € 8. 0. Ind Humble Ol Ohlo Ol - Salt Creck, $6 to 36.9 gravity ~ Salt Creek, 87 to 39.9 gravity . Rook Crealg 2-2-2 a nena Big Muddy .----nne---n-eeenee Bike Basin —--ccoe arene Cat Creek —. Lance Creek Behn treseeas Graas Creek, Ught ——.—.., tay bill cBspotepstacpcadeeeen Torchiight sictdseccconscctoscs Mule Creek) Lander Sunbureat ... ‘tamtiton Dome Merrip ones Rut ew York Stocks 31 43 Famous Players ~. 10814 General Asphalt -. 59% 323 134% 17% Gulf States Stéel 90 Hudson Motors 110 Illinois Central 118% Independent O. and G 32% Int. Harvester --—- 126% Int. Mer. Marine pfd. eet Int. Nickel ‘.- -- 41% Kelly Springfield ~ 17% Kennecott Copper -. 58% Lehigh Valley 84% Louisville and 134% Mack Truck 224% Marland Oi! ~ 58% Mex. Seaboard Of! 11% Mid-Continent Pet. 37% Mo., Kan. and Texas . 42% Missouri Pacifle ptd. .. 84% Montgomery Ward 19% Nat. Biscult — WM Nat, Lead New York C N.Y H. Sinclair Con. Oi — 21% Southern Pacific 102% Southern Railway — 115% Standard O1, Cal. -. 57% Standard Oil, N. J. 45% Weatinghouse Elec 74 Willys Overland 29% Woolworth ---. 203% TW. oming Oils | ich, n States Kir Coastal ~ 07 Columbine 07 Jupiter 04 Elkhorn ~ 05 Domino — 208 Royalty Producers . 205 Sunset 00% Picardy — 02 Atlantic Petroleum ... . 00% Great Northern, 1,000. 1.50 1.75 Quaker Ott Preston Ol! 1,000 McKinnio Riverton Pet. = Argo - | Crude Market FL78 1.87 La 75 1.90 1.90 190 1.90 LTS 1,76 BABSON PARK, Mass., Noy. 14. —Two weeks ago Mr, Babson dis. cussed the sheep and wool situation, giving conditions and figures for his optimism, Today he has been asked for his opinions regarding the cattle and hog industry together with their by-products, His official atement follows: In late 1920 cattle and hog prices suffered ‘sensational setback. In the course of one year live cattle at the Chicago market dropped 59 per cent. Hogs also fell 59 per cent. In both cases the price level was swept under the pre-war average. For four consecutive years conditions were adverse to a steady profit in cattle and hog raising, and as a result some serloug and important changes have taken place. “Take cattle, for example. In 1907 there were over 72,534,000 beef cattle on our farms. This was followed by nward tendency to a low of 527,000 {n 1913. The following years showed an increase but since 1919—then 68,560,000—the underly- ing trend has been steadily down- ward until the number on our farms January 1, of this year was but 64,928,000. Tere {s another care where the number of livestock has declined while the population of this country has stead!ly climbed up- ward. “The unpopularity of cattle ra{s- ing in recent years may be traced directly to the low prices at the pr!- mary markets, which in turn meant losses from late 1920 to early 1925. Feeding costs were high and beet on the hoof relatively low. Not only has the number of cattle decreased but the supply of ments has also dropped, The total holdings of all meats on October 1 was 561,731,000 pounds, against a previous five-year October 1, average of 675,263,000 pounds, The same is true of beet and yeal..The cold storage figures for the same period show a currei figure of 40,808,000 pounds, against a five-year average of 57,434,000. The Cattle Raiser Is Coming Back. “Since the first of. the year there has been an evident change in cattle conditions. Most important of all is the materially higher- price level— today 28 per cent over a year ago. This has placed cattle men’in a bet. ter position. Banks and loan: com- panies feel more corifident and optt- mism {s slowly returning. The cor- ner was turned last January when cattle once again showed profit. There {s a better supply of feed at lower prices and stock is enter- ing the winter In better condition.’ The broad swings in ‘cattle pro- duction and price are not limited to two or three years but sweep over a period of elght or ten. Consequently now that the corner has been turn: ed it will take somo time for ti revival to gain momentum. Ordina: ‘ly market receipts {n the closing months of the year cause price con- cession. As a matter of fact, prices have already turned slightly down- ward, It should be borne tn mind, however, that there ts not a! burden- some supply of cattle om our farma. Therefore, there should not be any’ unusual seasonal spurt liquidation and over the balance of this year the average price level should be somewhat lower, This does not mean & broad decitne, The statistical pos!- tion ts Yo strong. ‘The cattle man ds gradually coming back. The per+ fod of low 4nd unprofitable cattle ts over, The average price level the next few years should rule relatively high. Hides Are Statistically Strong. “Just a word on hides. The -mark- ed decrease in the number recelved 00 plees. January Imp of cattle also far under actual needs. Last year the total receipts were only 14,000 pounds, against a five. year average of 295,841,144 pounds, The figures for this year show only 2 moderate increase over last year's limited fig: » There can be no ser. fous decline in the price of hides as long as the available supply is be- low average. Incidently, the current price of hiden {s only 15 per cent over the pre.war level. Optimism for Hogs. “The story of hogs is not mater. jally different. For four years, 1921 through 1924, the efforts to. raise 207,998 hogs were met by severe financial Consequently, hog raisers be- came discouraged and the number in this country shows a tremendous In losses decline, 000 hogs uary 1, 1 54,234,000. sixteen low 1919 more than 74,584,- ere on the farms, On Jan- the number was only or the smallest figure in years. During that period of prices, corn was mora, profit able on the market than In hogs, the ratlo dropping to a low of 6 to 7 in July, 1924, against a normal fig- ure of around 11 to 1, {. 6. cleven bushels of corn to 100 pounds of hogs. “The same improvement noted in sheep and cattle has been passed on to hogs, From the low of 1924 hog prices have climbed not less than 60 per cent. Such a move has been sup: ported by limited supplies on the farms and a sharp decline in market receipts, Today the corn-hogratlo ts back to 11-1 and corn in hogs shows a favorable profit. This will immedt ately stimulate hog-raising but will take some years to eliminate the cur- rent deficit, Cver the fall period the usual seasonal influx should cause Some price decline but here again there ts no basis for’uny Kevere prew- eure on the downward aide. Tho onal movenyent downward should timtted and ‘considering all factors, there are strong Indications of « high average hogwMarket for son Cbe Casper Sunday Cribune 3 TRIBUNE }|OUTLOOK FOR CATTLE AND HOGS IMPROVED Roger W. Babson Optimistic on Cattle and By-Products in Resume Including Similar Forecast for Pork. time to come. Optimism in rapidly re- “turning. This all means a greater purchasing power tn the hog-ralsing sections of the country. Meat Products Higher. “Provistons—pork, lard, hams, eto. e in a similar position, The re- duction {n the source of supply. has Hmited et receipts of meat prod- ucts. “The encouraging and interesting point is that money Invested in the raining of hogs, cattle and sheep, now shows a profit and prices of cattle, sheep, hogs, and meat prod- ucts should hold up relatively high for some time to come. The unsatis. factory financial conditions of the livestock sections are’ rapidly im- proving and we can look forward to a more prosperous country as a result. Other conditions are also-{m- proving as shown by: the Babson- chart which now stands at 15 per cent above normal compared with $ per cent below normal a year ago.” oo Market Gossip | BY HILL-WEAVER AND CO. Gladstone Hotel Building Interstate commerce’ commission has granted Seaboard Air Line ap- plication to bufld 26 imfles of new railroad tn Flortda. Dunn's report » 412 commercial failures for week against 354 'in pre: vious week and 405 for same week last year, Bradstreets finds trade and Indus- trial reports were uniformly favor able with business aheud of last two years. Dunn's ascribes Tuesday's reaction in the stock market ‘to technical condition and finds no untoward effect on business, Reports dis: tribution and consumption of goods with tendency upward. Announced arrangements are near completion for the amalgamation of the’ releasing ‘system of United Ar- tists and Metro Goldwyn controlled by Loews, Inc. Combine | would bring under one banner largest numbeF of stars in history ef motion pictures, Sheet steel bara ‘advanced $1 a ton at Pittsburgh. . Reading plaves order for 30,000 tons rails divided between the Beth- lehem and Carnegie. ~ Erle buys 6,000 ‘tons rails from Illinois Steel. Wickwire Spencer for September quarter showed a net loss ‘of $346,- 174 after depreciation, interest, etc. against net profit ‘of $80,031. pre- vious quarter, Marshall Field says @rrent whole sale distribution of drygoods failed to reach last week's volume but ex ceeded by larre margin that of same week last year. Collections: show {m- provement over last week. Averages: 20 {ndustrials 157.76 up 2.29; 20 railroads 107.81, up 2.35; 40 bonds. 92.62, up .14, 7 Oil and Financial News Steel PITTSBURGH — Structural steel business continues excetlent consid- ering the time of year. Local mills have strengthened their position én shapes and plates and now are able to get better prices. WARR O.—The ‘Trumbull steel company Is increasing production under the spur of ‘advanced prices for strip stéel and sheets. Commodity Trade News SUN Paper. CLOQUET, Minn.—Changes In the process of paper making the past four years have permitted the use of birch, jack pine and tamarack. in addition to the spruce, balsam and joplar. i oil WICHITA—There were 39 wells completed in the Kansas oil fields last week, of which 27 were pro- ducers and 12 dry holes, Owl Creek Coal Company Operations Hit Record THERMOPOLIS, Wyo., Noy. 14. —(Special to The Tribune)—The Owl Creek Coal company operating at Gebo, 12 miles north of here, report the largest business in the history of the operation during the past three months. The two mines have been producing to the capacity of men available and the resultant prosperity is reflected in the busi- ness of Thermopolis and Hot Springs county. Shoe Prices to Remain Firm for BY J. ©, ROYLE NEW YORK, Nov. 14.—Shoe man- ufacturers of the United States will turn out approximately .216,675,000 pairs of shoes this year to keep pace with the forward steps of world business progress, As a result, thelr Profits probably will be well in ex. cess of those of last year and prices to consumers give indfcations of re- remaining stabilized. There has been a remarkable de- mand manifested this fall and the manufacturing ena of industry has expanded correspondingly. This ad- vance has been more manifest in New England than elsewhere. Each month has shown a sharp gain over the output records hung up tn 1924. This has been accomplished with out the afd of large forward orders. The policy of buying from hand-to- mouth has been maintained by dis- tributors and retailers but the total Coming Year | The Owl Creek Coal company has | been operating at Gebo for twenty years. About a year ago the capac ity was doubled when a new open- ing and tipple were put in opera- tion about a mile north of the orig- inal mine. About 600 men are employed when the mines are operating at the pres: ent volume and the semiamonthly payroll is the largest Industrial fac. tor in the -prosperity of this com- munity. ‘ volume of business has warranted sharp increase {n production. Sales resistance on the part of the public has lessened and foreign demand has picked up smartly, ‘The makers of women's shoes have: been alded by the popularity of glazed kid, patent leather and grain ooze, calf shoes, while the men’s trade has been featured by a call for black shoes which ha: not been equaled In years. Stabilization of the leather mar- kets has done much to improve con- ditions. Excessive supplies of leath- er which have hung over the mar ket since the war years have been cut down. productiof has been put on 4 stable and profitable basis and the entire tanning Industry has im- proved its position, Fraser M. Mof- fatt, president of the'Tanners' Coun- Gil} of America declared today the outlook was most favorable, One of Denver's smart new hotels, the. Colburn, is now presenting KOA's late | Wednesday evening dance progrim, featuring Walter Newell and his popular Harmony Peerless orchestra. This is broad- cast direct from the Colburn’s fash- fonable ball rooms from 10 o'clock until midnight and {s billed espectal- ly for late DX-ers, see Monday, November 16 Students and faculty members of the Lamont School of Music at Den- ver will be heard In a two-hour con- cert to be brodcast Monday evening, November 16. Part one, a student Presentation exclusively, includes excerpts from the opera “Martha” to be given by the Lamont Singers; humorous readings by Nadine Rob- erts, anda _varlety of plano, saxo- Features Prepared By KOA for Coming Week eal | phone, violin, baritone solos. Part two, introduced with,an in- strumental selection by the KAO or- chestra, will be given entirely by faculty members, \ eae Wednesday, November 18 _ _.. Selections from famous oratories, including “Holy City.") “Hymn of Praise, “Creation,’ “Twelfth Mass,’ “Elijah,". “Messiaah” and ‘cello, contralto and DAY, NOVEMBER 15, 1925 MARKETS crophones with a repertoire of bal- lads and jazz numbers. eee Friday, November 20 “Seven Keys to Baldpate,” a melo- dramatic farce in two acts by George M. Cohan, . featuring the widly known KOA players, will be the of- t.ring Fridny evening, November 20. Taking part will be a cast of twelve artists, all of whom have appeared previously “before the microphones in bigtime radio produétions. The performers are: art Housman, Gertrude Ken Will Morgan, Ted Vernon, ine Ommaney Emina Raff, Doroth Ralph Freese, Otls B ney Morris, Clarence C. Moore and Harry Trumbore, Instrumental se- lections will be played by the KAO stra under direction of Lewis Chernoff. eee Sunda; A united e in which all parishes: of Den articIpate, will be broadcast Sun day morning, November 15, from the munielpal auditorium at Denver. This service starts at 11 o'clock and includes a sermon by Rt. Charles E. Woodcock, D. D., bishop of Kentucky, and an address by the Rt. Rey. Irving P. Johnson, D. D., shop of Colorado. At 4 o'clock an organ tecital by Karl O. Staps will be broadcast from St. John's Upis- cathedral of Denver. followed by evening worship at eee every Saturday evening at 7 «, fina’s for the leading football games of the count cluding the principal g es in the sMocky Mountain confer- ence are being reviewed for radlo listeners by KAO, General Blectric broadcasting station at Denve They are provided through the cour- tésy of the Denver Post and Asso- elated Press. “At 9 o'clock Wurtz. bach’s orchestra is heard {n a. two- hour’ program from the Best cafe- teria, Den in d'ron clash- Business Briefs NEW YORK—The first tangible resuit of the funding of the Italian debt to the United States probably will be the-financing of Italian hy- droelectric projects in this country. It Is known the three large Amer! can electric equipment manufac- turers have made thorough Investi- gation of the possibilities and equip. ment needs of the Itallan power sites and are rendy to expedite ship- ments when financing {s assured. The cheap power resulting Is ex- pected to ald to an enormous degree In putting Italy on her feet finan- cially since she has ample labor, skilled and unskilled, and every fa ellity for manufacturing certain pro- Sucts to advantage. In that respect Italy resembles New England. which today is taking under serfou® con- sideration: further development of hydroclectri¢ power, ST. PAUL--The department of ad- ministration and finance, created July 1 under the reorganized plan of state government, has made an additional saving of 351.000 in ad- dition to $96,000 ‘saved by. the firet pre-audit of accounts in July. The cost of operating the state govern- ment in the first six months under the new plan, it ts expected, will be cut more than 150,000.. Conzolida tlons of departments and elimination ot unnecessary employes has pro- duced the greatest saving. ——_— “Redemption” will be heard during part one of a studio program, Wed- nesday evening, November 18. ‘The 1.ogram is scheduled for 8 o'clock, mountain time, and will be presented by the Brighton (Colo.) Municipal Choral society under direction of John Henry Bodkin. As a feature of the concluding half, the Clyttan trio of Donver will go before the mi- FOR SALE Residence—living room, two ‘bedrooms, kitchen, bath; 40x125-foot —_ lot. Located southeast. $2,500. P. O. Box 1081. Pay- mentsiike rent. Mail This Coupon Today! Application and Order LOeRS Issued by The Casper Daily Tribune | hereby apply for a Federal Life Insurance Company Travel and Pedestri Blank we Fey ES. 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