Casper Daily Tribune Newspaper, December 3, 1925, Page 14

1 or. ES Lit “GE FOURTEEN DAILY LOW RATES CAUSED MILWAUKEE FAILURE So Says Traffic Manager in Pointing Out Inequal- ity of Tarriffs in Some Sections of the Northwest. possible to get their consideration in ime to prevent # recelvership. As examples of rates which he con- sidered too low. Mr. Plerpont cited the schedules applying between Paul and Twin Cities in Minnes For many years competition over boat lines on Great Lakes and com- petition between railroads had cen- tered about these rates, with the re- sult of forcing them down to an un- reasonable point. ere largely the Chicago, Mil- 1 rallroad general inves. but the complex. em had made it tm- Commodity Trade News Wool panies refuse to comment on the re- SAN ANGELO, Tex. — The first | ports. large sales of short Texas fall wools ” eh haye been made to Boston firms at so 4p ERODE SE: P 4 ich were not announced| AKRON—Akron tire manufactur. b ers are doing everything possible to lieved prices a pound, combat the high prices of crude rub. ber. Reclaimed rubber tg being used to a greater extent than ever before. Reclaiming departments are being enlarged and modern machinery !n- stalled. DETROIT — The Michigan state farm bureau, through which much of the Michigan wool in 1925 was handled, has a final settlement with members. The 600,000 pounds of Michigan wool handled brought from | 39 to 45c a pound Lumber PORTLAND, Ore— Week ports from 36 mills of the Western Pine. Manufacturers’ a: totaling 33,940,000 Furs show production MORGAN CITY, La—Muskrat shipments of 25,600,000 feet and skins made a new hi rd at the business of ‘ firs auction sal the season WES here. me brought $1.20 to 1 2 say Se a ‘tir oiveringe: with biddin FORT WORTH — Premium over TRS ae the prices established by the major oll companies are being pald by three independents !n the north Texas Pottery fields. EAST LIVERPOOL, 0.—More or- as A ders are on the books of manufac- fia! turers than at any time thls year.}. BOSTON—Shoes. made from os: Mucl¥ of this is due to demand from jobbers and department stores a ticipat: replacement needs a the holiday trad trich sking are being featured in the windows of one of Boston's large department stores. ‘They are said to be as strong as c skin, of soft russet color, with a pecullar grain and dots that stand in rellef. Automobiles | SAN FRANCISCO — The merger } { the two foremost taxi companies into a 34,000,000 company hae en.rise to rumors that the lead- ompanies of San Francisco, nd Los Angeles will be d. Officials of the com: Drygoods trade is far us buying per- Streets are jammed, is still three wee Flour unchanged to 1c higher. In carload lots, famlly patents quoted —P)—The Bank | raised its off! LONDON, Dec of England today at $9.55@9.60 « barrel in 9S pound cotton sacks. Shipments 49,169. bar. minimum rate discount to five per-|rels. Bran $26.50. cent, an Increase of one percent. PARIS, Dec. 3.—)—The official Butter and Eggs {|e discount rate of the bank of France was reduced today from six to five CHICAGO, Dec. 3.—(P)—Butter. hi hanged; receipts 4,167 tubs. E ie ede ower; receipts 2412 cases: firsts 5: EEL @5ic; ordinary firet 42@4Se; refrig DON, Dec, 3—()—The tm-| 25 : erator ext @3be. firsts 34% sank of India today Increased ; . e of discount from five to elx | Federal District Court has extend ed time in which creditors of Wil- rd Company are required to h receiver ‘proofs of claims | including December Southwes Light and Power | ed a dividend of $1.60 on A common payable December ock of December 11. ay Bods BY HILL-WEAVER CO. Gladstone Hotel Bldg. nehon & Co,: It is more than an even bet hat t of the bank of England and.the New York Fi cral Reserve Bank rates will be in- creased this week, but the effect on directors at meeting | the marketwise should be only tem- rsented to appolnt- | Po: ment of recelyers for company, —= tS ins Hornblower & Weeks: Rat's hold Banik oF and has increased its | the chfef center of attention, but minimum rate of discount one per| they have finally come to the point anvitoifivelpenicantl where quiet. absorption has given oe sl | away to active buying by interests Car Aaa who have something to do and are xious to do it. Grain Opinions | BY HILL-WEAVER CO. Gladstone Hotel Bldg. Hulbert & Co.: Nothin to cause a severe break in sight wheat, Alstein: me hesitancy 2 Wheat for a while. Would buy wheat in finane circles - alae Shi Negard whest a very strong: position. Feel the broader trade in will bring higher mM Wheat traders It ta felt this There ia an impression again to operations on} many in. the wheat trade that the nge yicles bas a good deal to do with the advance in wheat. Congress is hundred” and out to meet and there is to be an movemer lies of trunk line high: | aggressive for reef of a pleted {n this state so] the farmers during with t of which 254 miles prices for ins, It The remainder create better feeling among ‘tural interes eral of notive Stocks and Grains Big SIDE SHOW — GREATEST WO New York Stocks Allis Chemical and Dye - 14% American Can -- - 268% American Car and Foundry -- 109% American Locomotive -. - American Sm, and Ref. i American Sugar ---. = American Tel, and Te 3 American Tobacco = American Water Works ----- American Woolen Anaconda Copper = Atl. C Line BS: Atchison “_ Baldwin Locomot! altimore and O) = Bethlehem Steel ~ 3 Californiz. Pet. | Canadian Pacific Central Leat Cerro de’ P: Chandler Motor Chesapeake and Ohio Chicago -and Northwestern —- Chicago, Mil. and St. Paul, pfd. Chicago, R. I. and Pacific Coca Cola Colorado Congoleum Consolidated Corn Prod Crucible Dodge Brothers pfd. Du Pont de Nemours Electric Power and Light ct Erle Fir Famous General 90 Mot Central Hudson Illinois Kennec Copper Lehigh Valley - Louisville Central H., and Hartford Norfolk North ar Northe: é Pacific OU Pan Americ Phillips Pet. Pure Oil — Radio Corp . Iron and Steel nolds Tobacco B ~ . Louis and San Fran, aboard Air Line Sears Toebuc Sinclair Con. Oil Southern Pacific uthern Railway ndard Oil, C: andard Oj Westinghouse Electric - Willys Overland — Woolworth Chryrler ~.- Crude Market 36 to 26.9 gravity $1.79 37 to 39.9 gravity . 1.87 1.75 L765 1.90 1.90 1.90 1.90 1,76 Salt Creek, alt Creek Greybull Torehilg Mule Cree Osage Sunburet Hamiton Dome s-sesecenenmee Verris 1.05 BYTOM onenees sn nnnnemnene ene Notches .----cocssncusesconcnse Pilot Butte —---.-em. a Silver, | NEW YORK, Dec ‘er Mexleon _ Jollara G3%Me. ' Drink TEE Crest Water. Uhome TOL SEE THE FAMOUS GRANITE GLADIATOR NDERS— Sele STOCK PRICES GIVEN SETBAGK in London Bank Increase Rate Undermines Confidence. NEW YORK, Dee. 3.—@)— ulative uneasiness over the local ail reserve re-discount policy, following a rise In the bank of Eng- land's rate, exerted a temporarily disquieting influence on the stock market today but falled to arrest to progress of constructive opera- tions. Considerable doubt that the New. York bank would follow the increase In London was aroused by reports that the treasury officials found no immediate need of # chango here, while in certain finan- cial quarters it was held that the already had discounted the effect of s higher rate, tention accordingly was paid to favorable business developments, including another sharp rlee in in prices and reports of a better demand for baking products. Warly declines of one to two pointa in United States Steel and other lead- ing industrials were soon converted into corresponding gains and the entire market displayed moderate improvement. New high records for the year were established by Ameri ugar, International Combustion ngineering, American Zine pre- ferred, Idian Refining common udd@ preferred, ad Weatern Pacific pre- ferred, U.S, Rubber, International Harvester and Allied Chemical di played conspicuous strength, NEW YORK, Dec. 3.—)—Stock prices turned downward at the open- ing of today's market as the increase in the London bank rate to five per cent intensified fears of a change in the local federal reserve rate at this afternoon's meeting. Selling Pressure was directed against Stand- urd Industrials such as United States American Can, Allied Chemt- Mack Trucks, all of which lded about « point. The uncertain credit outlook en- couraged a resumption of profes. sional selling and at the same time impelied interests which have been working for higher prices to lighten their commitments. Recessions of 1 to 2 points were general among the pular industrials and specialties but rafl shares ‘vere little affected. The relatively narrow declines how- ever indigated that the situatfon al- ready had been discounted to some extent. In addition to U. S. Steel and other plyotal issues, the earzy selling. em- braced Crucible Stee!, General Elec- tric, Woolworth, Woundatton com- pany, United Cigar Stores, Chrysler and Cerro de’ Pasco Copper. Gimbel Brothers opened 8 points lower at 75 and then rallied to 80 and some of the selling in other {ssues was ab- sorbed. Murray Body sagged more points to another new low year, Foreign exchanges y with demand sterling nelng to $4.84%. The r at supporting the market, and when the recognized leaders began to rally smart! especially U. §. Steel, American Can. and the Motors, the entire list moved up sympathetically. Some of the specialties were marked up materially, commercial credit ris- ing 6'%,, Remington Typewriter 6, and DuPont, Pullman and Indian Refining preferred 3 to 3%. Mack True! Hudson, Chrysler, Philadel. phia company, Ludlum Steel, Eaton Axle, Atlantic Coast Line and Jewel ‘Tea were alro notably strong, The standing rate on call loans was un- changed at five per cent. : The closing was strong. With high-priced industrials © exhjbiting marked buoyancy, the general a@ vance of price gained momentum in the final hour. Gains of six to nine points included American Can, General Electric, United States Cast on Pipe and Commercial Credit. buying of Penn Seaboard | was reflected in the turnover single block of 26,000 shares. y Body col'apsed to a new low at 6% on reports that the ny's financ'al difficulties were Sales approximated 2,000,000 as indicating thi were und of a shares; —_— —_—— CHICAGO, Dec. 3.—(P)--Potatoes —trading very glo’ market weak total U, 8. shipments 889; Canad: 2 Wisconsin-Minnesota sacked Che Casper Daily Cribune TRIBUNE SEL RIGHT SELEY Te WoRLD'S You NEVER SEEN, ANYTHING LIKE THAT GEFORE- TLL BETCHA & NICKLE HE @INT, Tal Wyoming Oils INUIT Quotations vy Bias Vucerevich, Broker £03 Consolidated Royalty Building Western Exploration - 2.25 2.50 Consolidaied Royalty - 9.00 9.30 Central Pipeline - 65 60 T. Williams - lS 4 syemer --.. - 12 4 Western States SET 2) 08 Kinney: Coastal =, 07% 08% Columbine - 05 07 Jupiter ..... 03% .04 Elkhorn .. 04 05 Domino -. = 5 Royalty Producers Sunset - Picardy Atlantic Petroleum Great Northern, 1,000. Quaker Oll -.. Preston Oll, 1,000 .. Buck Creek McKinnle .. Chappell Riverton Pet. Argo Curb Stocks. Prairie Ol Mountain Producers Salt Creek Producérgs ----.. Continental ~ New York Otl Salt Creek ‘Cons. S. O. Ind. Humble Oll Ohio Ot Livestock | Chicago Prices. CHICAGO, Dec. 3.-(U. 8. Depart- ment of Agriculture)—Hogs — Tte- ceipts 32,000; fairly active, 16¢ to 30c higher; big packers inactive; good and choice 170 to 200 pound averages largely $11.30@11.45; majority of better 140 to 150 pound weight $11.45 @11.60; latter price 1s top; bulk de- sirable 240 to 300 pound butchers at $11.20@11.35; packing rows mostly $9.60@10.10; bulk desirable killing pigs $11.76@13; heavy weight hogs $11.10@11.35; Nght Ught $10.60@11.65 slaughter pigs, $11.25@12. Cattle—Receipts 11,000; general market active, fed steers steady to strong, spots 10c to 15¢ or more high- round whites best $3,503 68; or }dinary Lo por as ldnhe | sueked rye $3.00@ aecord nz to quality and conditicn. er on weighty kind; latter in best de- mand, nothing choice here, best ma- tured steers $12.35; several loads $11.60@12; bulk fat steers $9.50@ 11.75; she stock fir spots higher; choice shipping sales weak; generally steady on vealers to packers at $11 downward to $10.25. Sheep — Receipts 10,000; handy weight fat lambs {n broad demand few carly. sales of ‘desirable medium and handywetght steady at $16.25@ holding best fat lambs above : few yearling wethers $12.75@ * 14; fat sheep mostly 26c higher, aged wethers $11.75; fat owes upward to $9.50; asking $16.50 for choice feed- ing lambs, Omaha: Quotations. OMAHA, Neb., Dec. 5.—(U, S. De- partment of Agriculture)—Hogs — Receipts 8,500; active to shippers; mostly 15@25c higher: good packers Inactive; bulk 140 to 280 pound welghts $10.25@11.05; top $11.03; packing sows largely of all sales $ cost Wednesday $10. Cattle—Recelpts 6,00! and yearlings fully steady, bulk $8.50 @10; -’yearlinga $10.60; part load $11.25; she stock steady to strong: bulls strong to 2c higher; veals steady; heavy calves strong; stock- erg and feeders scarce, steady, bulk butcher cows $4,5005.65; helfers $6 @7.50; bologna bulls $4.50@4.75; few up to $5; practical veal top $9.50; few $10: heavy calves $6,50@7.25, + Sheep—Recelpts 8,500; lambs weak to. Ibe lower; bulk fed wool lambs $15@16; some held higher, fed clip- ped lambs $14.40; yearlings and fat sheep strong: best yearling $15.25: owe top $8.40; feeders steady. bil ce dnliil o Sugar NEW YORK, Dec. 3.—()—New buying of refined sugar wus less ac- tive, although withdrawals on olf orders waa falrly liberal, Prices were unchanged at $6.00 to $5.00 tor f{ine-granulated. Sugar futures closed steady; ap- proximate sales 78,900 tons; Decem- ber 2.35; Jangary 2.40; March 2.46; May 2,63; July 2.66, fed steers NEW YORK, Dec. 3.—(@)—Call money, firm; high. 5: low, 6; ruling rate, 5; closing bid offered at 5%: last loan, 5; call loans ceptnnees, 413; thme loans mixed collateral, 6090 days, 48 months 4%@5: prime mercantile paper. #4. ~~~. Give Wer a-Choyro'et for Xmas. | around big i FAMOUS GRANITE GLADIATOR - on s St \ 5 i BULGE IN GRAIN PRICES LARGE Heavy Buying Pnevaloge in Wheat and Values , Soar Higher, CHICAGO, Dee. 3.— ) —All fresh advances in. the value of every kind of grain took place’ today, with wheat in the lead. ‘The chief immediate reason was the fact that Liverpool wheat, quo- tations instead of showing an expect- eg ‘decline went suddenly skyward: Immense buying {n the wheat mar- ket here developed, especially on the part of houses with European and Canadian connections, All export offers of wheat overnight to Europe were said to hnve been accepted. Chicago opening prices, 1%c to 412c higher, new. style, December $1. to $1.76, and May $1.68 to $1.691, Was followed by quick further up- turns, December soaring to $1.77% and May to $1.71%%. Subsequently, prices underwent transient setbacks after December had attained to as hig as $1.78 per bushel. These setbacks were asso- elated with a government call for a report’ on all open accounts In De- cember wheat here exceeding 100,000 bushels, and also with suggestions from some trade leaders that a re- action was logical after three di bulge in ues. Commission house buying promptly expanded, however, and the market jumped higher than before. Wheat closed buoyant fc. to je net higher. new style, Decem: ber $1.78 to $1.78%, and May $1.73 to $1.73%. Corn and oats took their cue larg- ely from: wheat strength, after open- ing %ec to 15%$c higher, May $3c to $3%ec,. the corn market continued to mount, May touching 841%c. Later the corn market went still higher. <A forecast of unfavorable weather in the corn be't was a bull- ish factor and so, too, were reports that demand from feeders was act- ive and that the movement of corn from farms was light. Trade in corn had the broadest volume in weeks. Corn closed firm, 2%e to Se net higher, May 84%c to Sie. Oats started 4c to Se up, May die to 4ftgc, Later. decided fur- ther advances were witnessed, Provisions joined in the general upturn of values in grain and in the hog market ss well. Open High Low Clore Wheat— Dec. new 1.78 Dec. old. 1.78 13.95 1 16.20 1 16.39 Cash Grains and Provisions = / CHICAGO, Dec, 3.—)—Wheat, Ne ° hard $1.79%. Corn, No, 4 mixed 73% c; No, 3 yel- low 76% @77% Oats, No. 2 white 43@43%c; No. $ white 4 Gace. Rye, none. Barley 59479. Tim- othy seed $6.50@7, Clover seed $21.00@30.50. Lard $14.19. Ribs $16.00. Bellies $17.57. Metals . Dec. 3.—Copper, electrolytic, spot and futures Tin, easy; spot $63.00; futures ine, $8.55@8.60; futures $8.40@8.50. steady; Bast St, Loule spot Antimony, epot $20.00. —>—— Poultry CHICAGO, Dec, 3.—()—Poultry, alive, stead: Receipts seven cars. Fowls 17@@24 prings 26e; turkeys 0c: roosters 16; ducks 18@2Ic; geese 8c. arin ince Sayan Drink WM Crest Water, Phone 1151. ‘Mark Rex. U.S. Pat. O&e pS Sp ie SS ine SCS IRN ie ah aS AG a a aber CS MGA 2 TES ON aR DS a a eee ES ’ THURSDAY, DECEMBER 3, 1925 MARKETS « ..By DICK DORGAN reate. Tae.)| NEW YORK, Dec. 2. York stock exchange Liberty Liberty Liberty Liberty Liberty Liberty Liberty 4th 4\%s U. 8. Treabury 43_ U. S. Treasury 4}, FORE! Czechoslovak Republic 8s Dom. of Canada 58 195_. French Republic Japanese Govt. Kingdom. of Belgium 6% Kingdom of Norway 64 1944... Rep. of Chile 8s 1941- State of Queensland 6: U. K. of G. Be & I. bigs DOMESTIC— Amer. Smelting 5s-. Amer. Sugur 68° -. Amer. Tel & Tel. ALT, &°T, deb?'5s 1960. Anaconda Cop. 7s 1938 . Anaconda Cop. 63 1953_ At. T. & Sar Fe, gen. Balt. & Ohio evt. 4% Bethlehem Steel con. 63," A. Canadian Pacific deb, 4s. Chic.’ Burl. & Quincy rfg. Chic. Mil, & St. P. evt. 4%: Chile Copper 63 ~. Goodyear Tire, 88 1941. Great Northern 7s, A. Great Northern 5s. Montana Power bs Northern Pacific rfg. 6s B.. Northern Pac. new 58 D.. Northern Pacific Uen 4s-. Pacific Gas & Elec. 5s... Penna R. R. gen. 4% Sinclair Con, Oll 6s 1927_.. Southern Pac. cvt. 48... Union Pacific 1st 4s. U. S. Rubber is Utah Power & Li Western Union 61is - Westinghouse Blec. 7s_. Wilson’ & &Co, cyt. 6: Total sales of bonds to 000 previous day and $10,704,000 a BY HILL-WEAVER CO. Gladstone Hotel Bldg. Lone ‘Star Gan! declared, recu'ar quarterly 60-cent dividend, payable December 31 to ‘stock of December 16th, Standard Oll of Kentucky declar- ed regular quarterly d{vidend of $1. payabe Decerhber 31 to stock of December 15. Bureau of Mines reports domestic crude production {n October totuled 64,273,000 burrels dally, averaging 2,073,000, against 64,370,000) barrel. with daly average of 1,164,000 in September. Imports were 4,367,000 against 4,027,000. preceding month. Consumption of crude given for only each of Rockies as in several preceding months, - was’ 41,579.000 barrels, dally average of 1,634,806. October exports were 1,290,000 bur- rels, against 922,000 in’ preceding month, Domesti¢ pusoline October output was 944.455,000 gallons, aguinst 906, 170,000 in September, Domastic con- sumption was §32,000,00, against $48,367,000 preceding. month.) Ex-. porte 106,570,000, against 91,441,000. Gasoline stocks, October 31, were 1,529,248,000 barre's, an increase of 16,098.000 over 1,514,150,000 on Sep- tember 30. Cotton NEW YORK, Dec, 3.—Cotton spot quiet; middling 20.85, eave cnt Flax Minn., Dee. 3.—()— December 2.58 2 Jan- February 2.62%; May DULUTH, Close BR jaet uary £.60%; 2.64%. Liberty Bonds NEW YORK, Dee, Liberty bonds closed: 3 $99, first 4a $101.24; second 4% $100.02; third 4% $101.5; fourth 4a $102.1; U.S, government 4'8 $108.15, —<— Accessories Shoes at present can have slmoat as many accessories attached to then as a Ford. Satin pumpe may —The following are Today's high, low and clos Close 99.24 nd the total #1000) 74% were $9,893,000 compared with $11, 163, start out thoroughly plain and com paratively {nexpensive, but by the time they are dyed to mateh certafa costumes, equipped with cut steel, bronze or rhinestone buckles and rhinestone or guid heelx, ther myy | cost Inthe neighborhood of $80 to! si0u @ pair | High Low 100.24 101.5 102.1 year ago, BRIAND CABINET WINS VICTORY PARIB, Dec. 3.—(P) —Premier Briand’s new cabinet has won Its first victory. After an all-night and all-forenoon fight in the ch ber of. GepUties, for his financial measures, the premier suceeeded in forcing the adoption of new - vanees from the bank of France to the government of six billion frances and a new paper money ivsue of 7,600,000,000. The fina) vote on the bill as a whole was made a question of con- fidence and was carried 257 to a@' majority of 23. It was the fif yate of confidence during the leng- try session. M. Briand made it plain durir the debate that the government w staking {ts existence on the me ure in its’ entir t financial progr Finance Mini fected the mini immediately The bill now goes to the the finance committee of which Un- der Senator Doumer, meeting thir afternoon to examine tt. The inflation voted today iy the fourth measure of the kind in a year to be passed by the chamber. The climax of the session cam when the provieion for a further ad vance of six bil'on franes from the nt margir was carried by the narrow of six yotes—245 to 239. vant hina Sided L Tell the Advertiser-—"I saw It The Tribune.” It Wanted to Buy Any part of 25,000 shares of E. T. Williams. If you have any of this stork get in touch with me at once. Rlas Vucurevich BROKER Phone 164 203 Consolidated Royalty Bldg.