Casper Daily Tribune Newspaper, November 22, 1925, Page 17

SUNDAY, NOVEMBER 22, 1925 ~ DAIL STOCKS REACT LAST. WEEK TO LATE GAINS Nervousness and Uncertainty Carried Into Short Session Saturday With Motors Singled Out for Bear Attacks, NEW YORK, Nov. 21.—Reaction om continued price advances of change stocks crept into market ¥ trading during the last week and featured the closing session of the week when motors were singled out for bear attacks and many issues lost ground, The closing was weak with sales for the day amounting to about one million shares, Tightening of money rates, in- crease {n the*rediscount rates of the Philadelphia and San Francisco re- serve bavks and prospects of a short- age of funds for market operations caused further uneasiness, making the market responsive to all unfa- vorable* news. On the other hand the New York reserve bank's rcdis- count: rate remained unchanged, bolstering confidence of many trad- ers, and the ‘address of President Coolidge outlining administration policies toward legitimate business proved a bullish factor and encour- aged fresh buying at a time when further declines were in prospect. Several rallies took place during the week, but were not long maintained, although railroad shares demon- strated unusual strength. Business and finar.cial news of the week was largely favorable, inciud- ing reports of further declines’ in crude ofl production, expanding steel mill operations, heavy freight car loadings and over-subscription of the Italian loan by a syndicate of tankers, headed by J, P. Morgan and company. Call money rates con- tinued relatively easy. Reports of curtailed operations brought some liuidation of the mo- tor shares while Important develop- ments in new oil fields offset re- ports of a falling off in pipeline runs, Favorable earnings reports in- creased ‘the demand for railroad shares as did the president’s ap- proval of railroad consolidation movements. Wheat Prices Soar On - News of Crop Damage ; In Argentine Regions CHICAGO, Nov. 21. —Advances amounting to from five to ten cents a bushel for future deliverles were marked up during the week's trading on the grain exchange, sensatio: crop damage reports from Argentt haying been the main factor in the movement. December wheat closed the week at $1.604 and May at $1.58 while corn lost ground in the day's frading. with December down to 78'%c at the close and May at 78%éc. “News that the crop outlook in Ar- gentina had been dimmed by frost damage and also injured by late rust met with a suddew increase in European demand. Purchases of Canadian wheat were made on a large scale. With husking conditions favorable for early movement of the fall crop, corn prices averaged lower and oats moved higher in+-sympathy with wheat. The provision market showed some losses, due to the decline in corn and hog values. 7 Today's range of grain and pro- vision prices follows: Open High Low Close Wheut— ; Dec. ---- 1.61% 1.621% 1.59% 1.80% May <--. 1.57% 1.59% 1.57% 1.58 July ---- 140 1.41% 1.39% 140% Corn— Deo. TA% 75% .73%TBK May 19 79% 788% July 80% 801% .79% 79% Oats— Dec. 80% 29% 89% 89% May ABS AIM ABM 43% July’ ---- 44% 44 4d = 44 Rye— 7 Dec. --- .89 89%" .88 88% May >i. 95 ~ 96% 9414.95 Lard— . tal Nov. ----16.70 15,75 15.70 18.75 Jan, nco14,12° 14.20 14.02 14.02 Ribs oar th en he }Jan. - + 4480 May - 14.10 1410» 14.10 Bellies ---- Se U1) May: -.-5 § yy Fe 718.25 Many New Wells Drilled - In During Last Week In Wyoming Oil Fields Oil development in the Wyoming fields during the last week saw the completion of many. new wells, of which the Ohio Oil company's No. # Leo on section 35-36-65 of~ the Lance Creek field was the largest. ‘The well started off at the rate of 1,200 barrels a day after drilling ‘was suspended at 3,635 feet. The Ohio also drilled in a 15-barrel pro- ducer on section 29-46-98 of the Grass Creek field at 1,186 feet. The Little Lost Soldier field of Carbon county, southern Wyoming, saw four completions. Utah Oil Re- fining company’s No. 4 Hughes at 1,808. feet. is considered food for 300 barrels. Texas Production company has several hundred feet of ofl in Its No. 3 Good on section 3 and the Prairie Oil and Gas drilled in two. One is on section 11, rated at 75 barrels at 2,088 feet, and the other on the same section, rated at 60 barre’s at 3,251 feet: Utah Ojl.Refining completed its No. 4 on the Black Mountain struc- tute” in Hot “Springs county as a 500-barre) producer and is on top of the Embar formation with ## No. 3 at 3,000 feet. In the Salt Creek field the Mid- west Refining company completed four wells on holdings of subsidiary companies as follows: Utah Oijl Refining — No. northwest of 30-40-78, 2, bumper: Midwest Oil—No. 18-A, southeast of 26-40-79, 1,465 feet, pupmer; No. 7, northeast of 23-40-79, 1,137 feet, 134 barrels flow. Wyoming northwest pumper. 36-A, 57 feet, | Associated—No. 80-40-78, 1,926 33-A, of feet, Buying Foreign Bonds With Caution Recent developments in Europe construed favorably as to political stability: need careful analysis be- fore it is assumed that financial tm- provement necessarily follows. It does not do to jump to the conclu- sion that because a long step for- ward has been taken toward perma- nent peace that the way is clear for all the nations concerned to pay their debts. Reduction of armaments does help balance budgets, but it is easy to become too optimistic and there are other considerations to be weighed by the investor in foreign bonds. It does not even follow that the fund- ing of war deebts to the United States government incurred during and after the war immediately raises be investment status of the obliga- tions of these governments private- ly floated. By just the amounts that these European countries agree to pay annually to the United States government are their expenses in- creased, In some Instances the higher year- ly char; will be provided for by new loans sold to American individ: ual investors. In a sense this ts transferring the burden from the government of the United States to the Am:rican investing public. For undertaking this risk there will be pensation in the shape of a high Interest return, byt there will need to be for there will still remain risk. I do not want ‘to discourage the buy- Ing of foreign bonds.’ Many of them Are undoubtedly sound, but it ts still ensential to use discrimination and ta leave this field to those qualified by training and by capital re- sources, In the long. run a foreign country can pay interest and prin- cipal on its bonds only when its in- come exceeds its expenditures and when -it-is able by creating’ an ex- cess of exports to set up a favorable balance of trade, New loans will serve temporarily, but they do not solve the problem permanently. ——_ — Standard Oil Stocks. Anglo Am. Oll .. Borne Scrymser 18% 230 Buckeye .-. 56 Chesebrough . ved Continental OIL -. 23% 24% Crescent ---. 16 16% Cumberland 143 Eureka ~ 68 Gal. Sig., com. -. 40 Gal. Sig., old pfd. --.--. 107 110 Gal, Sig., new pfd. .--. 101 103 Illinois Pipe --. 140142 Indiana Pipe -.. 62 64 National Transit --.-. 18% 19% New York Transit. 53 54 Northern Pipe ~ 80 80% Ohio Oil ------------0-- 65 66 International” Pete” -. 29% «29% Penn, Mex. -------. 23 26 Prairie Of] -.---------- 53 53% Prairie Pipe -. Solar Refs. So. Pipe -. So. Penn. Oil 5. W. Penh Oil 54 oT 8. O. Ind. - 65% 8. 0. 32% 8. 0. K 134% §. 0. New York 45 S. 0, Ohio -..- 368 8. O. Oblo, pfd. 121 Swan and Finch 19% Vacuum ---- 102 Washington 44 S$. O. Neb. ~-----: 248 Humble Ol! -.-..-- mM TAM Imperial Oll ...-+--.--- 03% . 3346 Y [_s+ercm | TRIBU York Stocks ||GARBER FIELD WILL OUTPUT [ New York < By Blas -Viecarevich Allis Chemical and Dye -..-.. 111 American 342% American 108% American 118% American 121% American i American 141% American 115% American Water Works -.... 59 American Woolen ~.--....... Anaconda Coppér -.------... Atchison ..-+---.----.-. Atl Coast Line -...... Can ~.------------ Car and Foundry .. Locomouvs s.-.-.. 5m. and Ref. —.... Sugar ~-.-.---.-. Tel. and Tel. ...-.. Tobacco ~---.-.--. Baltimore and Ohio ~..... Bethlehem Steel ~---....-..-. California Pet. .. Canadian Pacific -..----..--- Central Leather pfd. Cerro de Pasco ..---------+ Chandler Motor .... — Chesapeake and Olilo ~-..---- Chicago and Northwestern... Chicago, Mil. and St, Paul pfd. Chicago, R. I, and Pacific .. Coca Cola weceneeeeene--- Colorado Fuel ----.------s--. Congoleum-Nairn -.-------.-- Consolidated Gas ------------ Corn Products ~---------.--. 38 Crucible Steel --------------- 78% Cuba Cane Sugar pfd. ------. 46 Davison Chemical .-.-..----. 36% Dodge Brothers pfd, ~-n-= 86 Du Pont de Nemours owone 218% Electric Power and Light ctfs 29% Erie First pfd. ----. 42% Famous Players -----. 104% General Asphalt -~~-. - 56 Electric Great Northern pfd. ~ Gulf States Steel Hudson Motors -. Ulinois Central -------------117% B Independent O. and G. ---. 3 Int. Harvester ----~---. 122 Int. Mer. Marine pfd. 3645 Int. Nickel ----------------- 46% Kelly Springfield ------------ Kennecott Copper ----------- Lehigh Valley -~------------- Louisville and Nashville -.... Mex. Seaboard Ol] ----------- Mid-Continent Pet. ~---.--.--- Mo., Kan. and Texas --.----. Missouri Pacific pfd. -------- Montgomery Ward -..------- Nat. Biscuit -22.--------.. Nat. Lead ------..-. New York Central --. N. Y¥., N. H., and Hartford .. Norfolk and Western -.------ North American Northern Pacific Pacific Oil .-.. Pan American Pet. B Pennsylvania .«. Phila and Rdg. C. and I. ---- Phillips Pet. Pure Oil - weece nn enee-= Radlo Corp .------vere--ernn= Reading --. — Rep. Iron and Steel ~---..--- Reynolds Tobacco B --~-----« St. Louls and San Fran. -... Seaboard Air Line -. enn Sears Roebuck -----~-------- Sinclafr Con. Ol] ---+-------- Southern Pacific -.-----..-,- Southern Railway ----------- Standard Of] Cal. --------.-.. Standard Oil, N. J. Stewart Warner --. Studebaker Texas Co. -.---~------------- Texas and Pacific weweewne Tobacco Products ------.----- Transcont. Oil --.-----.----- Union Pacific ---------.--. U. 8S. Cast Iron Pipe ---.---. U.S. Ind. Alcohol ~-..---~-. U. 8. Rubber . 50% 218% 20% 100% 113% 55% 43% 76% 55% bay U.S. Steel Wabash pfd. ec eeen aha Westinghouse Electric -..... 72% Willys Overland nowennene= 26% Woolworth .-... eowwnnn- 196% Chrysler -. an-----@B 184% Wyoming Oils | Quotations by ae Vucerevich, Bro! 203 Consolidated Royalty Bullding Western Exploration ~ 2.80 3.00 Consolidated Royalty ~ 9% 10.00 Central Pipeline we- «6-55 60 E. T. Williams -.-.... .09 10 Bessemer -.---. wee -10 12 Western States --.-.. .07 09 Kinney Coastal ------ .06% .07 Columbine senccene= «305 07 Jupiter --------------- 03% 04 EIKROrN --neenneweee-e 104 05 Domino ~--.------0--= 106 = .08 Royalty Producers --- .04 05 Sunset ----------.--2- .00% 00% Picardy --. -----+-<-. 01 02 Atlantic Petroleum --- .00% 00% Great Northern ~-.--- .00% .00% Quaker Ol] ..--------- 00% 00% Preston Oil, 1,000 ---. .75 1.00 Buck Creek ---------- .08 = 10 MoKinnie 12 4 Chappell 12 ld Riverton Pet. ----.--- 2.65 2,75 AYBO ~2-2--neeen-e--= 3.75 4.00 Curb Stocks Prairie Oil ~...-..-~. woee 53% Mountain Producers +.-.---- 24% Salt Creek Producers -.-.-.-- 31 Continental Salt Creek Consoll 8S. O. Ind. Humble Oil -.---.. Ohio Oil ~...-~-. Crude Market Salt Creek, 86 to 26.9 gravity -81.71 72 Salt Creek, 87 to 39.9 gravity . 3.37 Rock Creek 115 Big Muddy 1.76 Elk Basin 1.90 Cat Creek -22ccomoeceorneees 1.90 Lance Creek 190 Grass Creek, light -—-2-l-— 490 Greybull i TOrChIght ——~ewmep——neewen= 1, Osage SUNDUFEE 20+ vqeeneemenewereen 1.56 Hamilton Dome sreecewsemes 1.06 Ferris .-----eeneweececencces BYTON cmenees nemeeemeeeeececce 1:80 |’ NOtChes .-.---ccpenesececcnccos! «65 Pilot Butte ecsceBeecwececsnas 1.58 BOOST OIL NE e Casper Sunday Cribune Uncorking of 18,184-Barrel Gusher by Sinclaie in Oklahoma Again Puts Damper ‘on Prospects for. Crude Rise. BY J. C, ROYLE (Copyright 1925 The Casper Tribune) NEW YORK, Nov. 21.—Efforts to check crude ofl production to a point where oil companies could count on profits have struck a snag, through the bringing in of aj tremendous pusher {n the Garber field of Okla- homa. Recently ofl production has been coming down and some ad- vances in prices of petroleum pro- ducts have been recorded. But the Sinclair Of! and Gas company has brought in a well on its Hartley lease, with an Initial 24-hour produc- tlon of 18,184 barrels. The largest output of any individual Garber field well to date. It is the largest well ever brought in tn Oklahoma and another well now being sunk by the same company along the same for- mation is expected to come in In the next ten days or two weeks, with an last we every 2 units oil fs fn dard Oj reduced Whatever mean to the oll industry in gen- week of 1924, eral, it has brought Joy to many res. of B Theso 21c a barrel, at refineries {s declining owing to in the Garber field, but up to this time the Sinclair company has de- voted much of its energies to drill- t wells to protect its ac the development 1d, Okla., some of whom y rights on the Huntley royalty rights sold k at $150 a unit, giving the purchaser one barrel of ofl out of 000 produced, but now no » for sale, In general, the strong point in the petroleum market is kerosene, which is firm and trending upward. Fuel ample supply and the Stan- f California not long since its prices at refinery 20 to Consumption of crude Weeailarsee elt eines the sentor ul falling off in gasoline ae sareoue BChro eer lease of the California production still is high mane ‘etroleum company, which|and the cut in crude and fuel oils attained a dally production of 33,000! there has made {t profitable to ship barrels from all its wells and estab: | 9 certal lished itself as the largest produc- ing ofl lease in the United States, seems likely to be surpassed. There are five other wells now being drilled on the Hartley lease, in ad- dition to the first gusher, and the well which has already reached the Layton sand und all are being rushed to completion although the Sinclair company has announced that it will develop the remainder of {ts 320 acres conservatively, owing to the from coast. the The Standard Oil has a con- tract for California crude calling for delivery ifornia gasoline can also be delivered in the east a cutting off a profitable eastern mar- ket for mid-continent gas, Consumption of oll and {ts pro- ducts for the year undoubtedly will exceed all previous records and there amount of these products Pacific to the Atlantic of six million barrels. Cal- low price and this is fs every indication that this con- Umited pipe line facilities. sumptive demand will increase The concern will not start addi-|throughout the next year. There tional wells at present. The Rox- ana Petroleum, the Mid-Continent Petroleum and the Marland Ol! com- panies all have brought in gushers ofl and are, however, still heavy stocks of gasoline in storage which bulk large in the path of any price advance. | Commodity Trade New Steel. CHICAGO—The steel market con- tinued strong. The leading producer is turning out ingots at about 84 to 85 per cent of capacity, while the leading independent is close to ca- pacity {n sheets. It is belleved that an advance of $2.4 ton on bars, shapes ind plates is soon to be made. paring shipped > Coal, ~ BOSTON—Neéw England demand for anthracite substitutes has shown —. | Business Briefs NEW YORK—Substantlal advance In prices of tires to motor manu- facturers {s reported to be imminent. Automobile men say this increas will boost the production cost of the lower priced cars by ahout $10 each and that of the medium and high- priced vehicles from $25 to $40. The increase in truck costs will run from $110 to $125 if the tire rise anticl- pated takes place. Since May the re- tail price of tires has increased 60 per cent and the advance to manu- facturers will tend to bring all the prices on a more equitable basis. Paul W. Litchfield, vice president of the Goodyear Tire and Rubber com- pany declares that at least one mil- lion acres of rubber trees should be planted at once to anticipate the world demand for rubber and its products. number tries in slope is workers along. NEW ORLEANS- ‘The Cumber- land Telephone and Telegraph com- pany will spend approximately $6, 000,000 for extensions and improve- ments in this state 1926, Of this sum about $4,000,000 will be spent in this city and $1,200,000 in Shreveport paid for sippl a drop so far Many New NEW association mills last week received orders for 79 million feet of lumber, The development year now nearing completion called for expenditures of $4,000,000. ndard of Lous! gasoline one cent throughout Its ter. ritory with the exception of Missis- as coke is concerned. gland plants are pre install pulverized to coal- burning equipment. Lumber, ORLEANS—Southern Pine 67 million feet and produced 61 million. Unfilled orders total 288 million feet, or 45 million mere than on this date last year. ' Program for the PORTLAND, Ore.—Although the of men employed in indus- this section of the Pacific no less than a week ago, there has been a steady influx of from other districts and there is much unemployment. The surplus of all kinds of workers in the lumber and logging districts is increasing, | Oil Summary BY HILL-WEAVER AND CO. Gladstone Hotel Bldg. Standard Of] of New Jersey vanced kerosene a quarter cent all ad- Premiums of 25¢ and 35c will be Pennsylvania crude accord- ing to the Derrick, a. advanced Oil and Financial News Range- of Prizes| In New York Curb Stocks for Week Saturday, November 21, 19 (Furnished by Hill, Weaver and Co.) Gladstone Hotel Bldg. High Lago Pete ... 8. O. New York Continental Oil -. Mount, Producers Salt Creek Prod... Salt Creek Cons. S. O, Indiana .. Prairie O. and G New Bradford Humble O. and R. .7414 Imperial Oil Ltd. au 3 Cons. Royalty .. 9% 9% 9% Market Gossip BY HILL-WEAVER CO. Gladstone Hotel Bldg. Armoury and company declared quartely dividend of 50c of common stock payable December 10. ‘walk Tire and Rubber declared regu dividend for the common payable January 19, American Foreign » Powers, ‘sub- sidiaries report for September net earnings $282,185 against $248,248 in 1924. San Francisco Federal Reserve Bank rediscount rate ralsed from 314 to 4. Commercial Investment Trust de clared dividend of 45¢ on common for period Noy. 15 und Jan. 1, on tn- crease in annual rate to $3.60 from $2.50. Marshall Fields say current whole- sale distribution of dry goods w slightly less than last week but ex ceeded by considerable margin same week last year. Collections showed improvement over year ago. Internal Combustjon Engine plied to stock exchange for listing of 175,000 additional shares. ap- Production of Buick plant tinues at capacity; Wednesday ov put was 1,000 cars and shipments ex ceeded that figure, making new high record, Surplus freight totalled 103,969, decrease of any adverse turn in commercial sit- uation, current reports showing trade progress is unchanged, Duns reports 438 commerclal fail- ures last week against 413 In pr ceding week and 424 in correspond: ing week of 1924. Averages: 20 Industrials up .18. 20 rails 107.13, off . bonds 92.45, up .92. New Record Set In Selling Insurance 152.45, . 40 MEXICO, Mo., Noy. 21.—{United = rss).—The forethought of the res- iderts of this section has made pos- sible a new record for selling life insurance. Starting at 8:30 in the morning, George Kellerhals sold 137 policies, aggregating $150,000, before 6 that night, breaking the previous high record of 12 one day OUT OUR WAY WELL ,DERE'S ANUDDER TRANSPORTATION SYSTEM ABSORBED “BY A BIGGER ONE! * THE MERGER. TAS ---By WILLIAMS ' TRwiLliams Mrus IP TTS aT con-| cars in good re- pair on Class 1 roads November 7 7,650 PAGE SEVEN MARKETS UNSOUND PROMOTION DISCUSSED BY BABSON Time Has Arrived When Investors Must Use Caution, Noted Statistician Says in Offering Safe Advice. BABSON PARK, Mass., Noy. 21. [ers are fa mpl —Roger W. B: much exer-|they have « bee 1 cised over the developing | inve rit! bureler:? 4 toward the floating of unsound se-| more ho 1 r « ritles, Such a tim ems to come} For tr r e around abou a genoration; | get a elal f ) ' that {s to sa each generation | ; then th an learns onl by experience and has to get struck once, The last time it that these fake promoters had a har ji vest was along in 1905 1906 ‘ Then came the panic in a 7 ' the depression in 1908 which clean ed house, Mr believes that | inn we are now € a period espe- | 4 ores cially fayora » promoters. | actly His official st 8 follows The Promote The un crupulous prom not prey upon thi | the even the well-to-do. The experien vested forty 3 ina ed investor knows the difference be-! gas mantle wou tween investments, ulations, | mmounted to $500,000 toda and fake promotions, He now and] one time it would have then buys bonds which are foreed| to have in 1 $100 L tyt through a@ reorganization; hoe often | ting . mact t as well as makes on specula-| amo 00 but he-seldom gets taken in | ‘rhe -ve that t | promotions, The peoplé| get a I money through such pro-| more ure ers, doctors, | they 1 teachers, listen | the present time very few a and wage-workers have been ¢ t in the promoter’s net. Now, L ever, that machinis bricklayers and carpen- ich good wages re i is probable that they also will be| thing radicall y ‘in caught this time. hat is to vestment that { old on a the nets which are now being spread | yer cent commission bast will not only get ministers, doctors Whont: to Consult, and school teachers, but also a large} «considering. th ining w number of wage-workers.. Moreover, | those salesmen have and the spl | as this ix the first time that the] Gir hooklets and endorsements wage-workers have bad money | ana othor securities offered, It iy dif« enough to make an investment, they | fienit for the ave to « Hable to get an awful stinging. Ish between. th and As I have said, it seems neces. b read f h generation to get Samy 1 j burnt. The n money that in 188. ° vestors have available gt the time t the more severe the burns will be e's The large amount of money today in tehne in the hands of the artisan class, and bani, $o-bays4 the money which is being accum chk land. 8 lated by the farmers in certain sec. | Stock oF land. Such ¢ i t and also the fact that money wrong, and'aind : ‘ t r are so low, all indicate that | : ; these promoters who ure now set: a iret ting their nets will make a tremen Nati 1 bank of the ir : 1 dous haul, | the company is operating, Sure Real Estate Promotions Most banker or chamber of commerce from preceding week. ppular should be glad to recommend | Ane ne “Every ration seems to have] worthy because he then might ulti Bradstreets finds irregularity and/ some one popular group of invest-| mately get your-money if you 4 slight let down in buying in some! ments. During the boom of .the| chase tho stock or lot of land. It, lines of industry, due chiefly to} early nineties, gold mines were the| however; you do not care to go to weathar'conditions: popular thing. During those years] this. trouble then you should jwrite aera much gold was taken from the]the Better Business ‘bureau,’ 28 Duns reports read just met in| ground, but I believe, figuratively | Broadway, New York City, or stock market did not result from| speaking, more gold was put into] Investment Bankers’ bureau the ground than was ever taken out in that period, In, tho, boom times, 1905-1906, off stocks were the York City. Thes¢ are honorab! ple who will give impartial ad 9pu-| and make no charge. lar investment for ministers, doctors “Te you wish to inquire the stand and school teachers, Millions of of some broker you can write dollars were lost in fake invest- the New York Stock Exchange which ments at that time, Today land| has opened a special depar t to seems to be the popular form of] give information. Personally, I ad speculation for this group of people. | yixe ednsulting with them or other This speculation includes ‘mortgage| people instead of attempting to make bonds’ secured by mere equities in| your own conclusions. Investing Js buildings of various kinds, .stock}an art in ttself and there ia no more in companies owning apartment] reason why a man should make an houses, etc., and thé highly specu-|inyestment without taking ad lative land sub-divisions which ap- from someone competent to give pear on paper only, ‘Th hould dec to ha without cons than that he ig,| his appendix out re was something entre ars ago, to tho world ‘gold| ing his physiclan, or start a mines’, although since then it has} suit without the advice of hi entirely lost its charm. Twenty] yer. Investing mon s just as years ago ‘oll we sotinded like a] much a profession as medicl or million dollars, while today the word | Jaw. ‘land’ carries the same magic thrill, ‘In what shall T € do you In some ways \t is much better to] ask. Well, tho first investment a buy a plece of land than an Interest | :man should make is in two | q in a gold mine ¢ 41 well, but ae gs account and a in other ways tt #0 P i ’ i Taxes and interest ip very |r hould t 1 in wt ; Many people buying | live. As a third in real estat € first « lots on pape 1 I lished ra I 1 their all through tt ott d taxes. It ght] by Ic I rds t of ? to build upon,] you need to do to find y the north 1 or west.| Your local 1 then t Moreover, I always adv the pur} the same things. J ligt chase of the land adjoining that|'and power comt which you réaders are now occupy: Mant Dretésred 6 th ing. However, when it comes tol be ay good investme buying land just for speculation, | morte ote Aly: which one has never seén and which} 4 7 maldaei Geko’ attic one has no idea of occupying, this} ing in something in his own towr is a great mistake. Vastly m People make thelr mo in thelr money will be lost during the pres-| own town and lose it In some other ent land boom than was ever lost| town, ‘The further away the inves in gold mine or ofl stock booms, | ment th igs ally te thers and there are land booms today in nearly every section of the country Tell the Advertiser—"I saw ft in Finanelat Crimes, The Tribune. “It Is estimated that during nor oO mal yeara fake promoters ¢ with a billion dollars per year, If A wonderful 6-cylinder this is true;in normal years how . énuict i 1 a the |car, enclosed model, deliv- much more will it be tr in th , period in which ure today, the |ered to your door, for $915. Babsonchart showing that business | A nice Xmas for the wife or is 18 per ce bove normal, Furt awiathéart: ermore, the advert and s¢ organizations of these fake promot en ATTENTION WE BEG TO ANNOUNCE THAT GREEN & CO. ARE AGAIN IN THE MARKET FOR ALL KINDS OF JUNK, Metal, brass, radiators, manila rope, inner tubes, |§ lead and batteries. We pay 20c per pound for horse mane and horse tail h We are paying the hig prices in the market. Get our prices for hides, pelts, furs and wool. GREEN & CO. 518 West Yellowstone Phone 2408