Casper Daily Tribune Newspaper, January 4, 1926, Page 9

DAILY By J. ©. ROYLE. (Copyright, 1926, Casper Tribune) NEW YORK, Jan. 4.—The year 1926 took its first business steps over the week-end but they were halt halting steps, Pew lines really , got down to full activity. The indus- trial plants felt the effects of the windup of the holiday season. The check to business in the mills and factories, however, was not as mark- ed as usual. Taking of inventories still is not entirely completed in some lines hut Tuesday will see a general resumption of activity at a pace equal to or above that which was maintained in tho record:breaking ail trade, with the aid of white did fairly well, The steel mills in general are heay- fly booked for the first quarter and consumption is keeping so close be- hind production that no check to ac- tiyity fe anticipated. The automobile industry has sloww- ed down somewhat, but apparently only from seasonal causes and the pause due to approach of the New York Auto Show, where some esur- prisen in design are predicted. ‘The trend toward consolidations of ojl company has been a notable fea- ture during last week. Oil men re- gard this trend as pointing to ex- tremely active development of proved and wildcat fields, both in the Unit- ed States and South America. Oil prices were firm except in ‘MONDAY, JANUARY 4, 1926 FIRST STEPS TAKEN IN YEAR’S BUSINESS Mills and Factories More Active Than Usual at Close of Holiday Season; Business Moves on at Fair Pace. Louisiana where local conditions seem to dominate quotations, With a record year behind it, build- ing, taking the country as a whole showed no sign of sinckening. , Lumber business. was affected’ by the holidays but was ahead of that of the last week of 1924. In the west, new orders exceeded production by. 26 per cent. Railroad passenger traffic during the holidays was extremely heavy and movement of freight continued at a record rate for thig time of year right up to the turn of the year. Wool markets were quiet, but under lying strength was in evidence, The radio factories are expected to slow down somewhat from recent records, Sales of receiving sets dur- ing the holidays was highest ever known in the history of the infant industry. Demand ‘for meat products has been excellent and the exports of méhts and lard= have showed im- provement in the last week. Shoe manufacturers expect a steady volume of business in com- ing weeks, with prices steady since the labor situation and leather quo- tations are well stabilized. The coastwise shipping counted on to continue months at least, Peace negotiations between an- thracite miners and operators did not get far enough to affect the coal situation. boom is for three Business Briefs PHILADELPHIA—It hag been de- clded by officials of the Philadelphia Rapid Transit company to postpone taking over the Yellow bus seryice, which was to have begun today, un- til the Philadelphia city council a) proves the issue of preferred stock threugh sale of which tle acqulsi- tion of the taxi company would have been financed. This action is ex- pected within ten days or two weeks. DETROIT—The 1926 budget of the Pere Marquette Ratlway including the uncompleted work carried over, from last year will exceed $6,000,000. ‘This does not include new equipment which may be ordered in 1926. V YORK—December traffic oft Chicago, Milwaukee and St. nl exceeded that of December, 1924, 163,898 revenue cars having been handled against 164.697. The year's total was 2,060,055 compared swith 1,724,938 in 1994. The Chicago and Northwestern also had heavier traffic for the month, 153,703 cars against 146,165 a year ago and 2,168,- 926 in 1925 against 2,095,006 in 1921. NEW YORK—(#)—Tho recovery in earning power of the Texas Pa- cific Coal and O11 company, coupled with reports that {ts stock has been undergoing accumulation of several weeks, has linked this company in ‘Wall Street’s merger talk with the proposed consolidation of the Barns+ all corporation, Waite Phillips com- pany and Simms Petroleum. The company's production In Oklahoma and Montana is being actively built up. Dalley output of crude oll ts placed at 10,000 barrels. pacman os Potatoes | CHICAGO, Jan. 4.+-(4)-—Potatoes trading fair; market about. stead rocelpts 98 cars; total United Btates shipments Saturday 654; nine Cana- dian; Sunday 36 cars; Wisconsin-Min- nesota sacked round whites $3.35@ Wisconsin 4; fancy shade higher; bulk round whites $4; Colorado sacked ‘yrown beauties, $4.25; Idaho sacked russet# $4@4.25. Flour MINNEAPOLIS, Mina, Jan, 4.— (#)—Flour unchanged, $9.85@9.95 a barrel; shipments 127,376 barrels, Silver NEW YORK, Jan, 4.—)— silver 68%o; Mexican dollars Bar See those tires at Public Used Car Market. Oil Summary By Hill, Weaver ond Company. Strength in Skelly ofl stock has resulted in conversion into stock of about one-third of the company's three year 6 per cent note The original issue of $6,850,000 was made in October, 1924, and by December 15 last was reduced to $4.484,500 through conversion of notes into stock at the rate of one share for each $25 face value of notes. A large part gf the conversion has oc- curred in the last sixty days since oll stocks became stronger. Henry L. Doherty submits to pres: {dent the oil board's plan to triple oil production by new methods, All officers of General Pete indl- cate that there, is no foundation for reports from New York that merger pf company with Doheny Western oil interests 1 contemplated. Stock Opinions Ry Hil, Weaver and Company. J. C. Bache—We feel that for soy- eral months at least this market will continue in an upward trend forecasting the further prosperity we are to haye. Hornblower and Weeks—Woe sec no immediate change elther tn the character of operations or ih the trend of prices. Pynchon and Company—We advise an construetive viewpoint so far as the general market is concerned but do not adyooate increasing commit- ments as stocks advance. Livingstone and Company — We are inclined to believe there will be enough demand for stocks to take care of realizing and that the trond still will be upward. Sugar NEW YORK, Jan, 4—(#)—Refin- ed sugar was unclianged today at $5.00@5.50 for fine granulalted with a fair inquiry reported, Sugar futures closed steady; ap- proximate sales 14,000 tons; January, 2.89c; March, 2.44¢; , 2.57e; July 4—)—Call low 5; ruling offered at 5%; last loan 5; call loans against accept- NEW YORK, . Jan. money easier; high 6; rate 6; closing bid 5; loans firm; mixed days 4%@5; 46 prime mercantile ances 4%; time collateral 60-90 months 4%@ paper 44 @4%5. Windsor Farm Dairy Butter, | Commodity Trade News Confectionery, PHILADELPHIA— Confectionery manufacturers here are preparing to give attention to Easter needs. Can- dies selling at 80 cents to $1 a pound have been in best demand. Steel. CLEVELAND — Midland Stee) Products company has just received an order for 12,000 patented steel freight car doors, Midland also is a darge manufacturer of automobile frames. Tobaceo, BOSTON—The extension service committee of the Massachusetts Agricultural colege has recommend: ed that researeh tobacco work in the Connecticut colony be discontinued. Lumber, NEW ORLEANS—Southern Pine association mills reported a falling off in orders last week of 21.8 per cent to 40,400,000 feet. Shipments ropped 15 per cent to 47,300,000 and pretnerion decline r cent to 43,700,000, Unfilled orders total 219,- 800,000, Livestock. MINNEAPOLI8—The L. S. Don aldson company, one of the largest cepartment wtores in Minneapolis plans to use horses for a large part of delivery, an horses are considered more economical in districts where many deliveries are maile in a block. oil, FORT WORTH—There has been a stiffening in gasoline prices in north Texag and in the northern re- sale markets where mid-continent sasoline Is handled, despite the cheek to shipments during the holidays and as @ result of cold weather. Wheat, CHICAGO—The acreage of winter wheat sown this fall in Illinois ts 22.5 per cent or 590,000 acres less than planned and elevén per cent or 250,000 acres short of the plant- Ing a year ago. On tho average, fall growth was never later and the outcome of the crop ts problemtien! Be Oil and Financial News American American Car and Foundry American Locomotive . American Sm. and Ref, b American Sugar 6% American ‘Tel. and 7 143 American Tobacco ~ = 115 American Woolen - 41% Anaconda Copper - 50 Armour of IIL “B' - 16% Atchison. .-- ~ 136% Atl. Coast Line 260% Baldwin Locomotive .. ~ 135% Baltimore and Ohio . - 93% Bethlehem Steet ~ 48% California Pet. 33% Canadian Pacific 148% Central Leather pfd. ~ 67% Cerro de Pasco Chandler Motor - Chesapeake and Ohio — Chicago and Northwestern .. 79% Chicago, Mil. and St. Paul pfa 19% Chicaga R. I. and Pacific .... 67% Chile Copper 5 Chrysler Corr Coca Cola Colorado Fuel — Consolidated Gas Corn Products ex. div. Crucible Steel —... Cuba Cane Sugar pfd. Dodge Brothers “A” Du Pont de Nemours .~. Electric Power and Light etfs, Erle Railroad amons Players — ‘isk Rubber Foundation Co, General Asphalt . Genoral Electric . General Motors -- Great North Iron ¢ G Northern pfd. Gulf States Steel . Hudson Motors Tiinols Central — Independent O. and G. - Int, Combustion” Eng? - Int. Haryester —.. Int. Mer. Marine pfd, Int. Nickel ~ Kennecott Copper Lehigh ‘Valley Louisville and Mack Trubk ~ Marland Oil Mid-Continent Pet. Mo., Kan. and Texas Miasourl Pacific ptd. Montgomery Ward — Nat. Lead . few York Central . . N. H, and Hartford Norfolk and Western ‘.. North American Northern Pacific Pacific Oi Packard Motor Car Pan American Pet. Pennsylvania -. Phillips Pet. Pierce-Arrow Motor Car .._. Radio Corp. Reading .. Rep. Iron and Steel St. Louis and San Fran, aboard Air Line -.. Sears Roebuck r Con. Ofl Paoitic Railway Cal N. Stewart Warner Studebaker Texas Co. Texas Gulf Sulphur -. Texas and Pactfic . Tobacco Products Union Pacific .. United Cigar Stores U. 8. Cast Iron Pipe . U. & Ind Alcohol Y. 8. Rubber ~. U. 8. Steel . Wabash Railway Ward Baking “B' Westinghouse White Motor - Willys Overland _— Crude Market : Salt Creek, 36 to 36.9 gravity . 1.79 Salt Creek, 37 to 39.9 gravity . 1.87 Southern Standard Oil, Standard Oil, ROCK Creek a-eenenacnenconcen 1.75 Big Muddy meneceenneneccce= 1.75 Blk Basin ...... we wewcene= 1.90 Cat Creek Lance Cresk Grass Creek light -.. Greybull «.. Torchlight Notches -~....... Pilot Butte ..... wecanenecee= 1.35 Poultry CHICAGO, Jan. 4.—@)—Poultry allve steady, “Receipts four car: Fowls 23@30c; springs 81¢; turkey Oe; roosters 17¢e; ducks 25@30c; 18200. TRIBUNE YOU KNOW ME AL---Adventures of Jack Keefe PAGE NI NINE Stocks and Grains MARK <A Oe rs S pe ane DICK DORG AN ND AFELLG WAS. 7 TELLIN’ ME THEY USE ’EM “To MAKE. \ PIANO KEYS AND} BILLIQeD BALLS. IMAGINE THEM , GIG BRLTES BEIN QGLE TO So THAT?/, 4 ag fhe Casper Daily Tribune WHY "THEY CAN DO TRICKS AND EVERY- THIN! . DID You EVER SEE ’EM KNEEL OVER THE REINER GND NEVER ; _- t j WHY “THEY C@N EVEN PLAY BALL UST Like oedty - i~q -26 | STOCKS STRONG WHEAT PRICES. Chicago packers inactive; t } — ae Pool Operations F Force High- | to 300 pouna but Chicago Market Moves Up- er Prices With Opening paeeerity 460 £9::480) paynd ward in Sympathy With of New Week Liverpool Trading 9.60; killing pig: NEW YORK, Jan, 4.—(—Stock| dawn: packing sows $9@ 9.86 GO, Jan, 4— ) — with Prices dis ed a strong tone at} ter pigs $12@12.50 Liverpool at showing an un the opening of today's market. Mo Cattle—20,000; f y to | expected he wheat mar tors were again bid up in spirited] e56 hichor: less dos ity con: | here upw fashion in apparent cipation of| sidered; better grades showing most y i a favorable reception of the new] adva n ly 10¢ to amount of wheat on ocean passg models at the New York automobile | yp: top medium -veateht attracted notice and #0 too did r rains in aa well as serious floods BHurope. The buying in show this week points higher and Studebaker Chrysler opened 2 General Motors 1% - Rails started up: boule ports of unwelcome furthe Argentina, in western ward under the leadership of Chi 9 was of a general character. cago and Northwestern, which open- 4c to 8%c higher, ed a point higher. $1,814. to $1.82% * Pool operations forced a number slow;| and July were followed by of shares to still higher levels, in somethin setback and then by eluding several of the sugar, to-| natives and med it we fresh uptu bacco and southwestern railroad is-|to packers shippers] Subsequently, word that one mil- mues. Most ofthe usual:lceders;;how.-| paying upwarc fat sheep| lon bushels of Canadian wheat had ever, were subjected to considerable | Around early | been purchased for ‘shipment to realizing and short selling in conse ys extremoly ope led to a material new ad- geunce of the uncertain monetary lower, no early sales vance, An increase of the United outlook. Chrysler lost all of its five sietiiatted States visible supply proved to be point gain. The deadlock in the coal aha Quotations less than had been looked for strike negotiations was reflected in] OMAHA, Neb., Jan, 4.—( Wheat clos a four point decline in Delaware and| partment of A pebA ie Hudson. With Saturday's bank] ceipts 15,000: bees statement disclosing a dificit in re-| good and chi Corn ¢ oats. were serves of over $11,000,000, the t butchers $11.00@11.16 pathlaing with wheat th, sion of the standing rate for call] to 200-pound lights 11.15@11.95; oda| Spite la deceipts of corn here, Joans at six per cent was in line with | lots 140 to 150-pound selections $11.25 | 1148 cars. After to 1%e expectations. @u packin $9.50@10.00;| UP, May 87c to nm mar- os hulle of patie € ket receded somewhat NEW YORK, Jan 4.—(#)—ullish | cost Saturday $1 siete Catia yg CMe pier rattan ' erage coat fo oe wee n gs Jan- | ~ xg ve uae, Wensey sand Operations were resumed on a broad | Ore? 008 i Mee gat "| vices and to assertions that-govern- scale in todats.stock market despite & mental steps will be taken to help sporadie profit taking and bear seil-| Catt ete Ser een Atte anode it. thas cron iadipitia... OOre ing in various sections of the list,| "4 yearlings uneven; shipping | (spore OF tls, crop P agin, The rally was aided by the lowering | &Tades steady; others slow, weak to} sr ceive ty Bye ean a | O of. the ‘call*money rate, which had | 10@15¢ lowor; bulk $6.26)10.00; me-| "Gos Siattea unchanged to %c ; : , t held firm at 8 pec cent dines eco | dium weights $10.26: mixed yearlings s starts nehanged to % It was two degrees below zero at Wheeling, W. Va-. when tho firemen st: ermaelt The .| tigher, May 45% @46c, and then| had to turn out to battle this blaze. Hven while the building was ab ber $1, to 6 per cent. Commission | $10-50; yoarlings $10.75; killing clas-| 034’) moderate. advance all , houses reported a brirk reinvestment |e and stockers and feeders gener-| Sored 3 ate advance all} great masses of {ce formed across its f and the hose lines can demand for high grade railroad and | “ly steady: bulk butcher cows $4.75) Th. with hog values, the pro-| et reathed In Ice. industrial issues. Steels, which haa| @5.25 bid GUTS CADUREL is market was eaay, \ ae not taken an active part in last}@md eu SETE@4 EO | Daloene |i. Open High Low Closd quarterly dividend of $1.25 on pre week's advance, moved upward un-| bulls $6 80; ; peat. bulla. Sp.6O now 1.81% 1.83% 1.80% 1.82% ed A der leadership of United States §\ 6.25; practical top $9.50; stockers and old. 1.79% 181 1.78% 1) 80% OE Ts i Common whioh limbed to 135} foeders $7.00@8.25; top $8.60. " faintest : i Chevrolet Motor company an Witiiatne point oF the réc Sheep, receipts slow, mostly tira ie nounced reductiong In price r < . established last year. Motors again} 5° lower; wet fleeces considered; 87 87.88% rom $15 to $50 were bid up in sipirited fashion in} PUK fed wool lambs, $15.00@15.25; err “s8% a9F furtherance of the traditional bullish | t0P $15.25; yearlings $12.25; sheep ee Cuban Dominican s\ for ye demonstration on the eve of auto.|®ound steady; early ewe top $8.50 0% 40% BK 48 ended Septembe : 1 net los mobile show. Rails displayed quiet | feeders 25e lower; bull feeding lambs 40% 40% 40% 146% Yemen of $1,630,822 after interest, deprect strength, St. Louis Southwestern | $15.00@1 " .! (Continued From Page One) tion, ete., against net profit of $2, selling 2 points above last week's ereanrre - 1.14% 1.14% 1.13 1.18% | & Question of hour dall t vem- | 271 n previous year, closing quotation. Olla were a bit ir Prices at Kansas City. July ~ 112 112 1.10% 1.11% | bers of the family hurried he a regular. KANSAS CITY, Mo, Jan. 4.—] Lara— The king and queen came from Flint Mot introduces ' Among the many Issues to sell 9| (U. 8. Department of Agriculture.— | Jan, 14.12 | Rome; Margherita's favorite grand| Junior coach Meting at $1,0 to 5 points higher. were American | Cattle—Recelpts 15,000; calves 300;] May 14.77 |ehild Crown Prince Humbert, and a Sugar Refining, South Porto Rican| slow; few early saleg fed steers | nihs— her brother the Duke of Genoa from Special meeting of commercial Bugar, Baldwin, Du Pont, Youngs-|@nd yearlings, $9.00@10.00, around’| Jan, 15.12 Turin, and her nephows, the Count | credits stock holders called for Jan town Sheet and Tube, Hudson Mo-| steady; she stock, dull; few early 15.62 | of Turin and the Duke of Aosta from| Uary 14, to act on proposed 20 per tors and Shubert Theater. sales, steady to 15c lower; most bids Florence and Naples , ce stock dividend < comr —s—_ lfc to 25e¢ off; most buteher cows, ee aces. 16,00 News of the sudden change for | *toch $4.75@6.25; fed heifers, upward to 6.62 16.2% 16.62 }tho worse in. Margharita’s conditior re $9.10; canners and cutters, $3.50@ 4 at vf and then the annourcement of her| Net earnings of First N Butter and Eggs 4.25; bulls, steady to strong; bolognas death caused a wav ‘ound | bank of New York in 1925 were $1 $5.00@5.50; beef buls, upward to emation to sweep over the nation, 119 and of st {thes con CHICAGO, Jan. 4—(@)—Butter is | $9.25; top_veals, $11.5 Metals Margheri best beloved sbi iidl rie 4 lower, receipts 12,800 tubs; creamery| Hogs—Receipts 8,0¢ upper — mn Italy has ever nt apared with §16,0 eateed. teen aoe extra | Ket mostly 10¢ lower; packer tra NEW YORK, Jan. 4,—U)—C. on | bec tan of ean | 2 ‘ing yea firsts 44@44'%o; firsts fully ste: shipper top, $11.70 on | per—Ste e rolytic, spot a} and charm ah ‘ onds 41@41\4c 2 pou pack top, | fut (@livic elf an Italian, a| A é 4 Is Eggs lower; receipts 9,083 oases Mi ‘ $ af npot and nearby, $63.80; | of Savoy. - op rig Maes { firsts 960; ordinary firsta 23@3 t a ie . " val 180 to 160 pound: $11.60@11.75; | 10 @ 24.0 n r n, $22.00 ‘ la Liberty Bonds | $8.5069.25; stock pis to Wo} “Leaa—Steady: pot, $9 s|Frincess Astric wer; bullet, $11.50@12.00 10—Firm; Eas Loula spo’ | — Sheep—Reecaipts 3,000; lambs, 15 75; futures, $8.55@8.70, > 5 > bonda closed: 344, $99.21; first 449.| ostiy gis oo@ is Ehdeot sont Ds | ‘ y 1@16 heer out | $101.21; second 448, $100.20; third ds}top ewan $840 | 2 y 4%s, $100.26; fourth: 44s, $101.29; | lls F ‘ Vip | Bride of Wale U, 8, government 41a, $106.9, ile: | lour Io" Te ea ooo | > lo. Jan, 4 {t 8 . Oil Department of Agriculture.\—Hog Paty acer Py pt Shara ree P nt der ‘t W yoming Us ia hee ety ie Shipments 1 6 barrels owe bigeetta V'Bran, $26.50 rincess A v Western Exploration . 2.50 Wy ie Sey Wheat-—No. 1 northern, § ia y t Consolidated Re 8.76 ait ereee See *0. 7 1.80%; 2 744 if y af Genteal winaline ee ~ 1.60; no action on packing sow nO: May, $1 B te 7 $a. ; It ? ; p ‘ E. T, Williams - 16 AT ’ 0D 5 cal ven= Srl! Cateces 14 rb F Soe tha , t \ y ' t she ming | @39%c. Directors of the Salt Crock ¥ Bessemer ~ > et 14 | wits fo ny | Flax 1 Jucers meeting in } y toda Westren States ul 18 ‘ 4 : ered " r pels sabe ; | steady; r 1,100 iE eclared regu extr pecial Kinney 0Oa 07% 0846] Sounds, $9.25 ‘8 Pg aividenda® ernoantine to *t16au -' ‘ I denny gonna wi 45 |, #8; mised os ant hte | QD EXILED re ager Me : Jupiter: an 0! r 5 Sate Gantere ‘and r Pres ih 4 ‘ fat t E horn) « =~ 504 ¢ to $4.50: bulla, $4.00 ¢ nad Pal ) fs \ Sng Dera a, 08 BY GREECE i Royalty Producers ... 1 ie e | Henr Sunset - ° r Cast wai Pleardy : ny tecare cove | LN RED PLO TD | tester ably wile | Fo | Lusk Ros ‘i Tteiaey’ hékfeues Ee it by D ; 4 Tom Bell ~ 3 tse dandae | at |: Or Buck Creek . | ly thr ‘ tl ng Pa Chappell ~ hentecWeteliin 5:4 wee By ANTHONY PAPAYANNA umountit iChinese Victor McKinnie i Ted Rae Leiter kis cong ae (UnitAd: Press’ Slate Corresponding) $60,000,000 whict tuiLesc¢ tctor Burke Olt - lower; one load fat ewes steady ATHE Jan. 4,—Four hundred | con: publ v . Riverton Pet, Ss $25 fat, munists were deported to tho} common até nn record Giv 2g 7U N) R le Argo Oil .. 2 OS a ee k Aegean islands following J I hu _—_— SE EL Pe Te vernmental roundup as} U. S. Bureau of Mir Curb Stocks. | Fi @ result of discovery of propaganda | productior Jan Imperial Ol! oreign Exchange ming at an eventual revolution es Ir 5 1 Hl Prairie Oll Se! | throughout Greece. The commun 4 c t r 10st t Mountain Producers . NEW YORK, Jan. 4—)—For-| ists were reported t ve tried to oxtablished hi n Salt Creek Producers eign exchange: dy, quotations | secure plans for Greek general mob r luo of { torles, tod Continnetal -. in cents: Great Britain demand 484%; | lation thereby enabling them to or ited © 1926 pl r New York Ot 5%; 60 day bills on banks|ganizo minor naval and army offt- pe nt of a , € public : Salt Creek Consolidated France demand 3.8244; eables| cers, soldiers and sailors, for their 000 or $708,000,000 1 1 8, O. Ind. Italy demand 4.03; cables 4.03%. | purposes, i924, | i Humble Belgium, dear rmany at 7 a ur car for sale? See Public Ohio O11 29.80. ‘ Drink Hillerest Water, Un inst! n 1 tox \Used Car Market