Casper Daily Tribune Newspaper, January 3, 1926, Page 9

BUNDAY, JANUARY 3, 1926 ILLING FIRM NAME CHANGED IN CHARTER ncorporations at Cheyenne Include Papers for Merger of Denio and Barr Companies: New Casper Firms Are Launched CHEYENNE, Wyo., Jan. 2 Through a consolidation of the J.| L. W. Denio Milling company of Sheri- Overland Hotel company dan and the Barr Milling interests | capitalization $100,000; of Denver, the Denio-Barr Milling| Charles R. Woods, Lillia and Grain company has been incor-/of Parco, and Louls V. porated in Colorado, and has just | Thermopolis. qualified under the Wyoming laws Narris-Voeller Theaters, x to do business in this state, acoord-| Green River: capitalization $2 ing to announcement from Secre-; directors, C, C. Voeller, M. F. Harris tary of State Frank E. Lucas’ of-| and C. W. Harris, fice, Community Drug company, Guern- The company is capitalized at $1,-] sey, capitrlization $10,000; directors, 250,000, and has an investment in| B. F. Hamilton, Roy B. Weaver, D. Wyoming of $410,000, according to| E. Jones and F. BE. Lyons all of its articles of oncorporation. Sunrise, and J. Wallace, Howard Directors of the new corporation | M. Coe and Charles Lamb of Guern- ary: John L. Barr, J. S. Barr and] sey. Abert P. Quest, all of Denver; J. Woody Creek Livestock company, W. Denio of Longmont, Colo., and} Douglas, capitalization $50,000; di- Ralph Denio and W. D, Kistler of} rectors W. EH. Dorr, Mabel D. Dorr Sheridan. and A. C. Dorr, Articles of incorporation have been Harcourt Land company of Con- filed by the following companies in| verse county, capitalization $25,000; the past week: directors J. M. Harcourt, R C. Maur- Sheridan Realty company, Sheri-| er and R. B. Norrison. dan: capitilization $50,000; directors, Christiansen Motor company, of Alf Diefenderfer, L. H. Brooks and| Lander; capitalization $8,100; direo- George H. Brown. tors, C. C. Christiansen, M. EB. F. I. Learner company, Casper,| Christianren and Charles Strouse. =e Rane irra capitalization $20,000; directors, F. Wvoming Oils I. Learner, J. L. Learner and Esther Quotations ty Gias Vucerevich, —] L. Havice, Della Blanche Havice and Hinkle, all of Cheyenne. Parco; directors, B. Woods Leval of Learner, Oil Well Cleaner company, Casper; Capitalization $250,000; directors, W. P. Matthe V. L. Preston, Frank J. Turner, J. B. Clark and T. M Broker Shambaugh. ‘i e Wyoming Metal Mines corpora 208 dacs Grote dead tion, Casper, capitalization $300,000;} directors, V. C. Snedden, E. Paul] Western Exploration - Bacheller, H. B. Durham, 8. T. But-] Consolidated Royalty - ler and J. B. Sneeden. Central Pipeline — ‘The Utilities company, Parco; cap-| E. T. Williams ~~. ftalization $200,000; directors, John Mid-Continent Pete Earnings Are Good Western States Kinney Coastal Columbine —.-..--. Royalty Producers -. Sunset Picardy Lusk Roy. = Tom Bell - Buck Creek - + Chappell - ¢ 26 McKinnie =e lt Burke Ol! =e. 12 Riverton Pet. -. Argo Of .. By Hill-Weaver & Co, Directors of the Mid-Continent Po- troleum corporation are scheduled to meet during the latter part of this month, at which time the matter of resuming dividends on the cqmmon stock will be considered. While the company’s earnings and cash posh tion would fully warrant the placing of the stock on a $2.50 or $3.00 per annum basis, it has become known that certain directors have changed their original opinion and now favor deferring dividend resumption at this time so as to permit the com- «pany to further strengthen its cash Curb Stocks. Imperial O11 Prairie Ol . Mountaiw Producers ....... Continental New York Oil -. eserves and to place the organiza-| Suit Creek Cons. ee tion in a position to acquire addl-| rte oii moi tional producing properties, or for Ohio Ol. 66% other corporate purposes. ‘The last dividend paid on the com. mon stock was made on August 1, Crude Market | 1925, of $1.00 quarterly. Salt Creek, 86 to 36.9 gravity . 1.79 According to a conservative est!-| Salt Creek, 37 to 39.9 gravity — 1.87 mate, earnings of ‘the Mid-Continent | Rock Creek -..___. seu al | Ey roleum corporation for the cur-| Rig Muddy ~~. 75 Elk Basin 1,90 1.90 aanncnn ne 1.90 mennwenena ee 1.90 GeOvON ee eberneegesecustonn LiTk [yo Sie SE eit TSI Ts Mule Creek --._... Lander... peommnewraceeernce 2.10 Osage eee Sunburst ~..-----~----2---—--= 1.38 Hamilton Dome --~_-_--------. 1.05 Ferris BYTON mms pen nnnennnnene 1.3! Notches -—-. eee. 165 Plot Butte? si ae NEW YORK BONDS ———$ $< NEW YORK, Jan. 2.—The following are toda: high, low and proximately $5.00 a share on the common stock, after all charges, etc.,| Lance Creek ~~. contrasted with only 65 cents a share | (jrass Creek “light earned in the preceding year. At the present time the corpora- tion has between $10,000,000 and $12,000,000 in cash assets, compared with somewhat over $7,600,000 on September 30, 1925, In view of the improved lqu!d position, it is esti- mated that a step may be taken to- ward reducing a large portion of the funded debt. wewccece 1.25 wee nn eceeanenee 2.15 ter ne ene e ween eee 1.05 closing bids of bonds on .he New York Stock Exchange and the total shares of each bond. (U. 8S, Government bonds in dollars and thirty-seconds of dollars) Low U. 8, BONDS— Liberty 3%8 -. Liberty Ist 43 ~ Liberty 2nd 4s. (Sales in $1, are onl A Cc SA |) High 9 Liberty ist 4%s —--—__----E 7 101.24 aa a RN? 100.21 3d 4% 5... —=- 100.28 Pine 4th 4%s ——-1-—--____J 102 "31 K T0898 ath) bY cag wenerennenne-M 106.10 10 Czechoslovak Republic 8s 1952-.2A Dom. of Canada 68 195-..--------B 14 103 ie French Republic 7 1-3: Cc 12 97% % % Japanese Govt. 6-28 -----------—---D il 92% % Kingdom of Belgium 6%s rets..6 5 93 5 9 100% 6 108% 6 = 104% % Amer Smelting 5s---.---. 3A 14 90% % Amer. Sugar 6s --... B 8 103% 4 Amer. Tel & Tel. 5% tee iL 103% A. T. & T. deb. 63 1960.--.-.--__. 29 97% Anaconda Cop. 78 1938 .------——-. 9 105% Anaconda Cop. fs 1953.. Le a7 101% At. T. & San Fe. gen. 48-.--..-.C 90 Balt. & Ohio cvt 4%s------------B 94% ory Bethlehem Steel con. 6s, A--------I 954 Canadian Pacific deb. 4s--~.-. 81 Chic. Burl, & Quincy rfg. 58 A... 103% hic. Mil. & St. P. evt. 4% 524 (Chile Copper 68 a Goodyear Tire, 88 1941.. 18 121% Great Northern 7s, A-..-.--------0 23 110% Great Northern 6s. eae 2 97% Q ll 99% Northern Pacific cfg. 65 B. okt, 1 108% Northern Pac new 68 D.....-..S 32 99 Northern Pacific tien 4s_.. mt 86% Pacific Gas & Elec. 5s... wo 6 975% Penna R. R. gen. 4%s-.-------.4A 19 94% Sinclair Con. Ol! 6s 1927----..-_-.B 256 113% Southern Pac. evt. 4s... 1 97 Union Pacific Ist 4s. 13 92% U. 8. Rubber 5s ... ~B 20 oe Utah Power & Light Ss..-F 4 OOM). egeen Western Union 6%8 ... Westinghouse Elec 7s. H 29 = 106% 106 % Wilson & Co., ovt. 60.-.---------1 . Total sales of bonds today were $6,539,000, compared with $12,435, 000 previous day and $3,972,000 a year ago, ;| Chesapeake & Ohio R | B U N FE. | owana Financial Nese? New York Stocks Last Sales. All. Chem. & Dy: American Can ~...--------.- Am. Car & Fay Am, Locomotive +..----.- Am, Sm. & Ref. Am. Sugar Am. Tel. & Tel. Am. Tobacco Anaconda Cop. Armour of Ill. “B' “ - 115% - 4% scewwaeew nl 81% Atl. Coast Line -~-. 262% Baldwin Loco, -. 180% Balt. & Ohio .«. 93% Bethlehem Steel 48% California Pet. .-... a4 Canadian Pac, «. 108 Cent, Leather, p 63% Cerre de Pasco .. 63 Chandler Motor 48% Chie, & Northwest Chic, Mil. & St. P., Chico, R. I.g& Pacis -ssseee Chile Copper sass -secsensee Chrysler Corp. Coca Cola Colorado Fuel ...--. Consolidated. Gas .. Corn Products — ...-..<- Crucible Steel Cuba Cane Sugar, pf Dodge Bros. “A’ -.. Du Pont de Nem -... Electric Pow. & Lt. ctfs...... Erie Railroad . Famous Players Ficsk Rubber Foundation Co, -ssecseeuee- 157 General Asphalt ----------- 67% Genéral Electric -......2... 326% General Motors ...-s--.----. 124% Gt. Sor, Iron Ore ctt 26% Gt. Northern, pfd. Gulf States Steel Hudson Motors -. Mlmois Central Inc.pendent O & G. Int. Combustion Eng. Int. Harvester .. Int. Harvester Int. Mer. Ma: Int, Nickel Kennecott Cop. -.. Lehigh Valley Louisville & Nas! Tack Truck -. Marland Of1 . Mid-Continent Pet. Mo., Kan, & Tex. -....2. Missouri Pac., pfd..... Tontgomery Ward Nat. Lead —..--.. +e. - 16% New York Central -. Packard Motor Car -..--.---- 42% Pan, Am, Pet. “B" Pennsylvania .. 4th Phillips Pet. - 46% Pierce-Arrow Mot. Car. .... 37% Radio Corp. Sears Roebuck ---. Sinclair Con. Ol --.~.. 23% Southern Pacific --.-..-..-.. ‘104 Southern Ry. ~.------------- 119% Standard Oll, Cal. 61% Standard Oil, N. J. --... 46 Stewart Warner .. 92% 58th - b4% Texas Gulf Sulphur --...-.. 122 ‘Texas & Pacific -----..----.. 57% Tobacco Products ~~. wee 8696 Union Pacific --------e--- 149 United Cigar Btores --------. 94% U. 8. Cast Ir. Pipe. U. 8, Ind. Alcohol --.... O. 8. Rubber .. U. 8. Steel Westinghouse Elec. -.-..---. 74 White Motor -. Willys-Overland Woolworth -.. Oil Securities BY HILL, WEAVER & CO, Bila Ask 19% 20 Anglo Am. Oil -.--..-. Borne Scrymser ..---. 225 2365 Buckeye eoveceneeeee-= 56% 57 70 10% Continental Oll -... 25% Creseent - 15%. Cumberland Dureka Gal. Si Gal. Sig., new pfd, Illinois Pipe Indiana Pipe . National Trans! ‘ew York Transit Northern Pipe Ohio Ol .. Nnternationa! Penn, Mex. Priarie Ol! Prairie Pipe Solar Refg. --..-.... South Pipe -.. 67 South Penn. Oil 191 8. W. Penn Oil 53M 54 8. OF Ind. 70% 70% 8. O. Kan. 35% 26% 8. O. Ken. 133% 104% 8. O. N, ¥. 46% 47 8. 0. Ohio 258+ 261 8.0. Ohio, pfd. -----. 117 119 Swan and Finch -. 5. O. Neb. Humble 92% : Liberty Bonds | NEW YORK, Jan. 2—Liberty bonds closed: 8%, $99.20; first 4\s, $101.21; second 4%, $100.19; third 44m, $100.26; fourth 4%s, $101.31; U. 8, government 4%s, $106.10, eee entimeal Silver ; NEW YORK, Jan. 2.—()—Bar silver 68%; Mexican dollars 525. oe Good rebuilt tires at Public Used Car Market, —$—<——— Is your car for sale? Used Car Market, Puplic| THE CASPER TRIBUNE-HERALD HERALD |_ 38 NEW WELLS ARE ., COMPLETED IN MONTH go-Western Opens New Producer; Pipeline from Big Muddy to Glenrock New production amounting to ap: proximately 12,100 bartels a day was New Well at Poison Spider. Fargo-Western Oil company has drilled in its No. 25 on ection 3-38 add oO . crude D added to Wroming’s crude: output] oo or.) wr Scidis Bae Wet oF during the month. of December | Casper, with peodubtion through the completion of 78 new| egtimat ) barvelisins day. ike wells, 19 of which were dry. This} wot! 1s one compares with 80 completions in No-|¢h» com jecetit.-tHonthn vember, 21 of which were dustérs,| Black off produced in this field 1s with total new production of 9,190] worked up at tho Standard refin« barrels a day. The Salt Creek dis-lertes at Cz trict with 44 completions continued New Pipeline Started. to lead all other fields of the state.| Construction of a new. rixdnch Summary of new work shows a| from the Big Muddy field to {ts re+ total of 135 wells drilling in Wyo-| finery at Glenrock neo of ming at the firet of the year as com-| about seve started t completed by per. pared with 152 on December 1. A|by the C company. steady decline in drilling wells may | Layiig of t gin as soon be expected for the next two months, | na it arrives nd Park- partcularly in districts where tho d-| erton, as trer well un vent of winter weather means a shut-| der way. down in operations. Rigs are up for|’ At present the Continental is being the starting of 71 more wells, some] served by the Illinois Pipeline com: of which will not begin drilling until] pany in delivery spring. Gtenrock plant its crude ‘to the National Wool Exchange Pays | Out Good Dividerdd HELENA, Mont., Jan. 2.—Checks! cessful year which was closed in ex- covering the annual dividend of 6|Cellent financial condition, said Mr. Wight, and an even better year in fer stock of Ren penhy os Mid pretecred atta 1926 {s anticipated for the exchange the ‘National Wool Exchange, were}anq the growers whose wool is mafied for delivety to the stockhold-| handled, ers on December 31, by Ira Ty! ‘The main office of the exchange ts secretary-treasurer of the| in Boston, and the western head- These stockholders are| quarters in Flelena. | wool growers and bankers residing| A large part of the wool from the| in Wyoming, South Dakota, Idaho,| 1925 clip has been sold, said Mr. Nevada, Montana, Utah and several] wight, and the officers of the ex. middle western states. change believe the balance will be The exchange, which was organ-|cteaned up in the next six or eight ized early in 1925, as an agency for| weeks, as more active demand af- the orderly selling of wool to meet! ter the first of the New Year {s an- milling demands, had a very stic- ticipated, STOCK MARKET YEAR OPENS WITH ADVANCE Bullish Demonstration Shoves Motor Shares Forward and Rail and Industrial Stock Averages Show Moderate Gains Standard Milling and Union Tank Car were conspicuously heavy. ‘Trading in the foreign exchanges was extremely light with price changes generally unimportant. De- mand sterling held firm around STOCK Date MARKET AVERAGES 20 Industrials 20 Ralls Saturday --.-. 143.08 117.89 Thursday -. 142.50 117.65 Week ago ---- 140.73 116.12 Year ago ---- 121.95 102.68) | $4.84, and French francs were High, 1925 --. 142.93 117.65! | siightly higher at 3.78 cents, Low, 1925 114.81 96.13 “| Total stock sales 1,036,000. Livestock Chicago Prices. CHICAGO, Jan. 2.—(U. 8. Depart- the motor shares, Both the railand|ment of Agriculture.)—Hogs—Re- Industrial averages showed moderate! ceipts 6,000; strong to 10c higher: NEW YORK, Jan. 2.—(?)—Open- ing of the New Year on the New York stock exchange today was cele- brated by a bullish demonstration in Baking Baking pfd. alt Creok Prods. alt Creek Cons. — Mountain Prods. . New Bradford Ohio Ot Humble Prairie Ot Imperial Oil . Cons. Copper S. O. New York .. 6. B. P. and L. Power Corp. N. Y. Blectric Invrs, Gulf of Penna. .. Lago O14 Lago new Red Bank 8. O. Ind. Argo Oil Consolie | Market General Tire ohiet gains on the day, despite rather{bulk good and choice 200 to 300) heavy profit-taking in some issues.| pound butchers, $11.35@11.70; bulk | Trading was unusually heavy for a| desirable 160 to 180 pound weight, | half session sandwich in between two] $11.80@12.00; majority 140 to 150 holidays, total sales exceeding one| pound selections, $12.10@12.50: best million shares. 200 pound weight, $11.75; choice 160 ‘The run up in the motors was re- pound averages up to $12.10; select garded as the trdditional demonstra-| !40 pound kind, $12.35; bulk packing tion in the group on the eve of the] S°WS, $9.35@9.65; desirable killing opening of the New York automobile | Piss, $12.90@12 shippers 4,000; show. Chrysler (old stock) soared|¢Stimated Holdover 2,000; heavy- points | Welght hogs medium, | over 9 points to 215, closing 2 $10.90@11 45; bélow the top; General Motors | $11.80@11, light, —$11.05@12.10; | climbed 6% to 124%. Hudson showed |!sht light, $11.10@12 packing a net gain of 6% to 117%, and Mack | °WS, $9.00@9.85; slaughter pigs Trucks moved up 5% to 157. Chrys-| )12.00@12.50, ler (new), Jordan, Studebaker, Plerce-|_ Cattle—R Compared preferred, and| With week fully | showed net gains of 1% to 4 50 ‘s| Arrow common ar White vy realizing adyance in h have been heavil cently on merger rumors Petroleum touched 59%, price since it was listed 1924 and Simms touched Its hi price in over a year. Ralls also were subjected to heav: profit-taking although Delaw: and Hudson was ‘bid up to 165, the highest quotation since 1913, and $1.00@1.50 prices follow cows, ne Week's bulk steers, $3.75@10.2 heifers, 36. then eased to 162%, where it was up and cutters, $: 2% on the “Katy” preferred | Clves, $12,00@13,00. advanced over a point to 93%, the| Sheep—Receipts 5,000; for week | highest figure in over a year. around 8,000 direct and 44 cars from Standard industrials displayed a feeding stations; today more than 50 strong undertone. U, 8. Steel com-| Per Cent of run direct; yearling mon closed nearly a point higher at| “ethers at $13.00, 260 lower; hold 136%, Baldwin showed a fractional|!"S fat lambs steady.» Compared gain at 130%, and American Can| With week ago: Fat lambs Boe | lower; slaughter moved up 2% to 29534. Arherican | ! yearling wethers, | Smelting sold at 144%, its highest |? to $1.00 lower; two-year-old price in tiearly two decades wethers, around steady; fat Mixed movements took place | *"eP, 25@50c higher; feeding among the specialties. Typewriter jumped 8% Remington | *trong to Righer; tops for points to | ‘Wo fat lambs, $16.85; feeders, $16.7 121%, a new high record, and Wool-|Ye*rling wether $14.25; wethers, worth climbed nearly 8 points to | *12-00; fat ewes, $9.50. Ik prices | 219. Net game of 3 to 7 points were | (10W Fat lambs,‘ $15,50@16.50 tecorded by California Packing, Du-| CU, $12.00@13.50; feeding lambs, pont, Federal Mining and Smelting, | $15-00@16.90; tat yearling wethers, Fisher Body, International Business | >2*:50@14.00; wethers, $10.50@11.6 Machines, National Cloak and Suit, Sears-Reehuck, South Porto Rican Sugar, United Drug, “United Rail- way Investment preferred and U. 8. Cast Iron Pipe. 8.8. Krege broke 35 points to 850, on one sale. International Shoe, 818 ewes, $9 0o@D. MONEY I IN | WHEAT $12.00 buys a Weekly Ad- vance or Decline Choice on 10,000 bushels wheat or corn. No further risk. Two cents move beyond optionaj orice gives opportunity for $200; one cent, $100. Market letter and particulars free. Wire orders at our expense, Fidelity Brokerage Service Dept. R, Kansas City, Mo. Potatoes, $1.00 por bushe East © St, corner ‘Lincoln. je 0 Manic a Good rebuilt tires at Public Used Car Market, ————— Drink Hillerest Water. Phone 1151. ies Guy Y SELLS LIFE INSUR- | ANCE, H - ———____ Drink Hillercst Water, Phone 1151, New York Curb BY HILL, WEAVER & CO. High Low Lge Continental Baking “A” Cont. Baking “A” 117% 117 . 117 Cont. «| New Production Beats November Mark; Far-| °°"* Cont, Oil -... BY HILL, WEAVER & CO. nd Rubber company Anthracite miners and operators} and Glenrock refineries. conference adjourned New Years eve until Tuesday, arbitration remains| more specific charges JANUARY, 1926 We have available for immediate delivery and offer, subject to prior sale, change in The above $50,000 bonds represent th, $200,000, being a First and Closed { most valuable income producing pr, personal responsibility and liab’ THE PHYSICAL SECURITY and a number of business stores loca’ PAGE NINE ee ae MARKETS Course of Oil Issues In 30% 29% 30 98% By WILLIAM P. HEFE trade had 25% | (Copyright, 1926, C yune- | tions. 3444 Bereld) | In the last quarter of Undoubtedly no other group of) when the peak of produc stocks acted as disappointingly long been passed, as evide did the oll shares during the first six| the weekly decreas months of 1 very attempt: to bring about higher prices fell flat misjuds 98% 98% output, the olls fi |their own. Tt Tho patient public, which was com-| assured that t mitted heavily in oll securities, was! panies instead disillusioned by reports of tncreas-|joeses In oprat 19 ing production in practically all] q substantial fields which was continually réfer-| jared with 1924 red to as more than an offset to the} ning the period of low but steady increase in ‘con x pak in pened. isual t other sectic sumption, and by a series of price cuts which did not culminate unt it was definitely established that the le data and tl |x rade conditions Suit Against Ohio); Senayitee'terte For $300,000 Filed | mn that spec By City of Douglas) evident that the market ha » fact that the industry er Gossip DOUGLAS, Wyo, Jan. 2.—Dam ages amounting to $200,000 for al-| leged pollution of the waters of the North Platte river are asked by the | cons shares year ended November 30, earned| City of Douglas in a suit agalnst | over $44 on common share against] the Ohio Oll‘company, now pending | duently $37 in previous year. in court. The city charges pollu-|| The more prom —— tion of {ts water supply, subsidiaries, if not at Senator Jones of New Mexico pro-| Similar action brought against| prices for poses additional $200,000,000 tax re-| Standard, Midwest, Texas and White | low the be ; duction to $825,000.600 already adopt- | Eagle companies two ts ago was | dependents covered ed to be spread over 43 years settled out of court for a lump sum | ably from low poin stead of 25. of about $100,000, It was based on jin the first Gusctar Th pollution originating at the Casper|come has been gratify! ‘The Ohio | who could afford to « and|mitments through th will | pression, and they n Isition justified company operates no refineri probat be asked The Frank C. Evans Company INVESTMENT BANKERS AND FINANCIAL AGENTS CITY, COUNTY AND SCHOOL BONDS First National Bank Building DENVER TELEPHONE MAIN 7404 price or withdrawal without notice: $50,000 ‘The Gladstone Hotel (CASPER, WYOMING) 770 First Mortgage Real Estate Gold Bonds. (Secured by Valuable Income Producing Property) Denomination $100—$250—$500—$1,000 Dated Nov. 1, 1925—Due Serially Each 6 Months from Nov. 1, 1927 to 1937 Interest at 7% Payable Semi-Annually on May Ist and November Ist Principal and Interest Payable in Gold at Casper, Wyoming, Denyer, Cololrado, or New York City The Citizens National Bank of Casper, Wyoming SECURITY: ° Trustee: a total issue of son one of the ide from the sold portio: nd furnishings ~nter Streets, among ner is the nucleus around which cen ae. and is rated the best properties in the cif, e. This Cor- activities, and this block and those immediate)! and house the most important. business and social int’ Court House, the Henning and Townser ale, and Rex Theaters, five of the leading B floor a A. Smi bondho! of the account tion, thoroughly fire-proof, a one of the finest buildings of its k purposes, all with private or co these gentler A. Smith, Manager, a! il of which is made payable to t THE GLADSTONE HOTEL ha time that it was opened—the present income from the hotel and store rooms being over $7,000 per month or about $8: discharge the maximum interest payment on th provide an adequate Sinking Fund for the retirement of principal, this mortgage, and until all the bonds ar t full authority to supervise the administration of this Trust, and the full gross income from the entire property must be turned over to the Trustee each month for the benefit and protection of the bondholders, and The Citizens National Bank, Trustee, will pass upon and audit all expense items incident to the operation and maintenancs Natrona Count the America i establishment This corner, fronting 140 feet on First Stre ter Street, is held in fee. The main» building on these lots is ts sonsisting of seven full stories, mezzanine and basement, all of n concrete construc- itecturally beauty ‘ad is the tallest and ind in the State The basement, ground mezzanine floor provide abou t 1 mercant while the Hotel proper ope » rooms, and ing tile bath 1 th and Frank J. Turner 1 and their respective THE ACTUAL COST of the pledged as a DIRECT FIR¢ MORTGAGE behind these bond. $400,000.00. THE HOTEL FULLY COMPLETED AND Hé 3EED SUCCESSFUL AND PF ITABLE OPERATION SINCE NOVEMBER Adequate insurance on the hotel property, in addition to $75,000 of insurance on the life of Mr. Trustee for the benefit of the ders, show a steady incre; from the in earnings which is more than sufficient to entire issue several times over During the lif Trustee has been vested with ,000 per year. patd off, property pledged behind this mortgage. IN CONCLUSION; THESE BONDS constitute a FIRST MORTGAGE on the tallest th largest and most prosperous City in the State of Wyoming, the loan being about 509% OF ACTUAL VALUE. A strong feature of this issue is the quick serial reduction of the debt every six months, begnining November 1, 1927. The larger part of this issue has been sold to Casper financial institutions and indiy 8 who are fully a quainted with the security behind the loan. We confidently commend the security to be a safe and desirable investment. PRICE PAR AND ACCRUED INTEREST TO NET THE INVESTOR FULL To The information contained in this clrcular has been obtained from official and other acceptable sources, and while it is not guarant by. us, we believe it to be reliable and forms the basis upon which we have acted in purchasing these securities for our own A. H. Stewart, Gladstone Hotel Will furnish additional information desired by prospective purchasers of B which may be paid for on the monthly payment plan. Full 7% Interest Will Be Credited as Payments Are Made. Last Year Disappointing | market were responding to ¢ ent Standard ¢ le many thet: perio’ of de v see the — | 2 —