Casper Daily Tribune Newspaper, January 10, 1926, Page 23

“SUNDAY, JANUARY 10, 1926 i RIBUNE PROFIT-TAKING SALES HALT BULL MOVEMENT Stocks Close Irregularly Higher After Half Day of Heavy Trading and of Gener- ally Favorable Outlook eed sey, Pullman, Weber and Hellbron+ ner, all up 2 points or more. A sain of nearly 3 points tn Pittsburgh STOCK MARKET AVERAGES 20 Industrials 20 Rails 143.38 116.65 | | and West Virginia was the feature Friday ~= 148.05 116.74 | | of the fall group. Week ago -..- 143.08 117.80 Porelan exchange ruled firm in Year ago .... 120.43 104.13 | | quiet trading. Demand stetling held High, 1925 --. 142.93 117.65 | | steady around 4.84 11-16 and Freneh Low. 1925 -... 114.31 96.13 | | trares at 3.88. Toth) stock sales 1,136,200 Other Buropeann rates showed only nominal changes. a Market Gossip By Hill-Weaver & Co, Fedéral trade commission house shows no illegal agreements, com: binations of conspiracies between American Tobaceo and Imperial To- bacco, NEW YORK, Jan. 9.—(@)—Specu- lators for the advance, please at the way the market had absotbed the selling inspired by the raising of the New York Federal reserve re- discount rate started to bid up prices from the outset of today’s session but ran into heavy profit takine towards the close, Fint® wuotations were irregularly higher, over three-score issues showing net gains ranging from 1 to 6% points. ‘Trading was rather heavy for a half holiday session, total sales being 1,136,200 shares. ‘The day’s trade news war again favorable. Chief interest centered in the publication at the close of the market of the December tonnage statement of the United States Steel éorporation, showing an tncrease 451,584 tons in unfilled orders last month. This was more than Wall street expected and brought the total unfilled orders above five million tons for the first time since last February. The principal commodity markets were reactionary. Wheat futures fell about 1%c to 2\%c a bushel tn reflection of speculative uneasiness over foreign crop estimates. Decem- ber contracts In the cotton market closed slightly higher but the other option dropped 1 to 18 points in rather colorless trading. Resumption of pool operations fn the stock market probably was en- couraged, In part. by the decision of the New York clearing house com mittee not to rafse the maximum !n- terest rate on deposits in member institutions, which Wall street con- strued as an tndication that bankers aia not anticipate any immediate stiffening of call and time money rates. Buoyancy again developed in some of the high priced industrial spe- clalties. Texas Land Trust jumped 30 points to 670, a new high record, an ofd fot buying, and 8. 8, Kresge jumped 25 points to 870 on two wales, General Electric soared over 8 points to a new high record for all tins at 344% anc then ensed to “341%. Foundation company was run up 6% points to 168%. Fidelity Pherix Insurance climbed 8 points to.a record top at 200. hut then can- celled half the day’s gain. Heavy buying of the Plerce Arrow fesues featured the motor group, the common scoring an extreme arin of 3 points at 48, an the preferred moving up 4 to a new hich record ry 107, Other motors were mixed General Motors closing a pint lower at 124%, after having sold as hich as 126, and most of the others showed fractional changes. Associated Oil was run up 2 points to a new top at 51 and Cenernl Petroleum, which ts expected in Chryslet reduces prices on four cylinder models, $50 to $110. Julius Rosenwald, exercising option repurchases 50,000 shares of Bears- Roebuck common at $100, R. G. Dun and company report 522 commercial failures tn United Stctes this week against 874, last week and 553 In corresponding period last year. Eureka Vacuum Cleaners declared dividend $1 payable February 1 to stock January 1. Shipments of locomotives in 1925 totalled 1,127, decrease of 338 from 1924; unfilled orders December 81 were 763 compared with 548 Novem: ber 30. Baldwin books orders for nine en- “ines from Mobile and Ohfo for Gulf and northern and one for Putles Lumber company. American Locomotive books nine locomotives for Union Pacific. American Car and Foundry re celves order for 50 box cars for Wichita Falls and Southern and 50 cars for export fot Manata Sugar. Railroad shopmen are negotiating for incrense in waees of fram f to 8 cents an hour with the rafironds tn- eluding New York Central, B, & O. St. Paul and Southern according to Tabor, the official organ of the unions. Bradstreet’s industrials trade and industry show some decrease tn movement: from holiday week but finds week bears fayorable com: parison with cortesponding period of 1925. Dun's reports favorable trend In trade shows indications of continu- ing as new year opens. Averages: ‘Twenty I!ndustrials, 158.76, off .17. Twenty rhils, 112.45, off .67, some quarters to be merged with Forty bonds, 93.30, up .05 (new Marland, climbed over 2 points to a| high). new peak at 59% on heavy buying. —— - Further weakness develoned in the Pan-American issues, the “B" stock being hammered down over 3 Points to 71%. Strength also de- veloped tm American Car and Foun- dry Consoldated Gas, Dxpont Pittsburgh Terminal Coal, Postum Cereal, Public Service of New Jer- NEW YORK BONDS HOUSTON. — Buflding construc- tion here during the past year in- volved $35,000,000 a new high record, Bank clearings for 1925 totaled $1, 675.968,080, a gain of over $187,000. 000 over 1924. Postal receipts ag gregated $1,694,425, a gain of over $162000. NEW YORK, Jan. 9.—The following are today's high, low and closing bids of bonds on the New York Stock Exchange and the total shares of each bond. (U. & Government bonds in dollars and thirty-secouds of dollars) U, 8. BONDS— (Sales in 14 99.26 9036 Ll Liberty 3% -. 1A Liberty Ist 4s ------------------C 2 Cy Rens Liberty 2nd 48------eneeewe-e--D 5 101. 101.21 Liberty Ist 4%s —~--. EB 93 100.20 100.18 Liberty 22 100.29 190.28 anabits Liberty 22 100xz vbz xz vbz x8-m Liberty 4th 4\%@ 3 38 102. 101.80 U. S. Treasury 48-~.. —K 4 102,31 etl) U. 8, Treasury 4%{s----------.---M FOREIGN— Czechoslovak Republic 8s 1952-.2A 3 101% pestsy Dom. of Canada 68 195..---------B_ 1 108% has French Republic 7 1-3s-------.---C 33 98 Japanese Govt. 6-28 .. a 93 ‘Kingdom of Belgium 6%s rets.. 4 Kingdom of Norway 68 1944-.....F 8 100% 100% 100% “Rep. of Chile &s 1941 1 108% aie Btate of Queensland 6s... U. K. of G. B. & I. 6%e 1987. 6 = 105% 105% 105% DOMESTIC— . 1 100% 10 104 Amer. Tel & Tel. 548 ------------C 9 103% A.T. & T, deb. Bs 1960.--.._._D 144 98% Anaconda Cop. 7s 1938 50 105% Anaconda Cop. 68 1953_ 16 102 At. T. & San Fe. gen. 4 10 89% Balt. & Ohio evt 4% 45 94% Bethlehem Steel con. 10 96% Canadian Pacific deb. 4s 16 80% Chic. Burl. & Quincy rfg. 58 A---K 5 103 Chic, Mil, & St. P. evt. 4% 53% Chile Copper 68 ~--------------. 108% Goodyear Tire, 88 1941-----------N 11 121% Great Northern 7s, A-------------O 23 111 Great Northern ewncnncngeaeP 25 18% Montana Power 58 A-----------Q 8 100% Northern Pacific rfg. 6s B--------R 7 108% Northern Pac new 68 D-...----S j Northern Pacific len Pacific Gas & Elec. 5s Penna R. R. gen. 4%s--. 2 wetA 6S Binclair Con. Of} 6e 1927----...--B 57 BA Bouthern Pac. cvt. 4s-.. wane » ey f adhe Unjon Pacific ist 4s..------------D 41 U. S. Rubber 6s 39 Utah Power & Light 10 ‘Western Union 6%s .-. ‘Westinghouse Elec. 7s. & CVE. 66------n-nnnnel Total ee bonds today were $6,683,000 compared with $12, previous day and $10,493,000 # year ago. Oil and Finanetal News HERALD By MARGERY PICKARD. Special Central Press Cofrexpondent NBW YORK, Jan. #—A young finanéler, little known to the mib- lic at large a year ago, is threaten- ing the Morgan power if Wall Street, Clarence P, Dillon, head of Dil- lon, Read & Co., fg the new wizard of “Money Alley.’ He js following a series of gigan- New York Stocks Last Sale All. Chem. and Dyessssss-. American Can ~. Am. Car and Fay. . Am, Locomotive sssscscss. Am. Sm. and Ref, -. Am. Sugar .... Am, Tel. and Tel. Am, Am. Anaconda Cop. Armour of Til. ae aewnsewnae- 76% Baldwin Loco. Balt. and Ohio wassane- 94% Bethlehom Steel -........--.. 49 California Pet. Canadian Pac. Cent. Lenth., pfd. -.. Cerq de Pasco 11.2.2... Chandler Motor Chesapeake and Ohio.. Chicago and Nothwesten.. Chic, Mil, and St. P. pfd. Chic, R. I. and Pac, Chile Copper —- Chrysler Corp. new Colorado Fuel ... Consolidated Gas Corn Products - Crucible Steel Electric Pow. and Erie Railroad ..... Foundation Co, 163% General Arphalt +2222... 71 General Electric ...........-.341% General Motors .... peowwwnennl 24 Gt. Nor. Iron Ore etfs, -.-.---. 26 Gt. Northern pfd. 22.222. 76% Gulf States Steel___. Hudson Motors ..... Illinois Central a Independent O. and G. ~. Int. Combustion Eng. Int. Harvester ....... Int. Mer. Mar. pfd, ~. Int. Nickel «—.. ot Kennecott Cop, ......-.--. Lehigh Valley 92% Louisville and Nash. --.-s---.139% ta 152% Mack Trick . Marland Of! _ Mid-Continent Pet. Mo., Kan. and Tex. Missour! Pac., pfd. Montgomery Ward Nat. Lead -...... New York Central N. Y., N, H. and Htfd. so 44 Norfolk and Western —......_.152 Nor. 65 Northern Pacific .. 4A Pacific Of} 7! Packard Motor 41% Pan. Am. Pet. “B' 1% Pennsylvania 55 Phillips Pet. — 45% Plerce-Arrow Mot. Car 42 Radio! Corp, seasascancecccdunte 42% Reading -=: 87 Rep. Ir. and Steel... 62% St. L. and San. Fran. .... 99% Seaboard Air Line ~. 48% Sears Roebuck ~...... 38 iy Sinclair Con. Of1 _.. Southern Pacific Southern Ry. < Standard Ol, Cal. Standard Oll, N. J. Stewart Warner -.. Studebaker -.. TOXASIQO, Ln sndno se decnatnnsnen 63% Texas Guif Sulphur ---.-.-...1224% Texas and Pacific 5... 57K Tobacco Products ,.1.-..--.100% Union Pacific -. 148 United Cigar Store: wos 92% U. §. Cast Ir.,Pipe, bid...—...207 U. 8. Ind. Aleohol U. 8. Rubber --... U. 8. Steel Wabash Ry. ~. Ward Baking “B".. Westinghouse Elec, White Motor weewencece. Willys-Overland ~. Woolworth .-... "A new picture of Clarence P. Dillon tic deals, worthy of Rockefeller and Morgan in their palmiest days, with @ venture into international finance and business. He is, according to accounts, now quietly working on a merger of German steel companies, which would include the Krupp in- terests, and give him enormous pow- er in Buropean industry. His recent purchase of the Na tional Cash Register Co. and the distribution of its securities to the public, followed within a year his coup in outbidding J. P. Morgan & Co, in a struggle for the Dodge Brothers’ auto interests. His firm, Dillon, Read & Co., in the decade he has been connected with {t, has risen from an obscure position in the banking world to One of the most powerful financial institutions in Wall Street, ranked by many as now second to the pow- erful house of Morgan. In the last ten years the firm has sold billions of new securities to the public; of- ferings of the last year reaching nearly $600,000,000, or about 10 per cent of all issues, other than real estate lonns, sold In New York. Now Me. Dillon is laying plans for the development of a powerful banking group to rival that of the Morgan interests, to.asstst it in the sale and distribution of Its new of- ferings. Whether this will take the form of a bank merger or merely on underwriting group is not known, although Dillon, Read & Co., already fre reported on the directorate of the Central Union Trust Co. and the National Park bank. Mr. Dillon is 43, He does not re- semble the cornulent, heavyJowled, domineering individual of the type selected by playwrights and cartoon- ists as the Wall Street baron. He {s a Texan, tall, dark, with heavy lids. His Jong, slender hands seem to bear witness to the three vears he spent in the study of art abroad after he was graduated from Harvard In 1905. When he returned from Paris, he was induced by a classmate to enter the Chicago house of William A. Read & Co. His rise was rapid, and two years found him in New York and a member of the firm. He was married to Miss Anne Douglass of Milwaukee, and they have two children, Clarence Doug- lass, 15, and Dorothy Anne, 12. ——_.. Wyoming Oils Quotations by Blas Vucurevich, Broker, Western Exploration . 2.50 Consolidated Royalty ~ 8.75 Central Pipeline --.-.. .55 © T. Williams -..---. .161%4 Bessemer - meweeee 112 Western States -. 13 Kinney Coastal -. 07 Columbine -...--.. 06 Jupiter -....... 02 Elkhorn ---.---.. 05 Domino 05 4 00% 01 Lusk Royalty 01 Tom Bell .. 01% Buck Creek 22 Chappell -08 McKinnie 18 Burke 09 3.00 4.00 Curb Stocks. Imperial ~ 37% Prairie Oil 57 Mountain Producers 25% Salt Creek Producers 35% Continental _.. 24% New York O11 12 Salt Creek Co: 8% 8. 0. Ind. .. Humble Oil Ohfo Ol .... BOSTON,—A bill now before the Massachusetts legislature calls for an appropriation of $250,000 to ad- vertise the state in a campaign to extend ‘over three years. MINNEAPOLIS, — Although - cense fees on autos were lowered last year, total collections increased $1,240,540 over the year previous. Licenses were taken for 575,262 cars in 1925 as compared with 509,662 in 1924. ” ! _ THE CASPER TRIBUNE-HERALD | Stocks and Grains WHEAT PRICES BREAK Corn Reacts from New Advance Due to Weak- ness of Companion Commodity and Most of Gains Are Lost Jan. 9.—CP)—Wheat underwent a sharp break in price today, and did much to make the corn market recede from a new ad- vance, Heavy selling of wheat was done by houses with eastern eonnec- tions and was accompanied by an unofficial estimate of 140,000,000 bushels exportable surplus in Argen- CHICAGO, tina. The whéat market closed weak, 1% to 2%c net lower, new style, May $1.77% to 1.77%, and July $1.52@1.52%, with corn un- changed to %c higher, oats un- changed to \%o off, and provisions varying from ibe decliné to a rise of Tc. Inlike corn, the wheat market showed « downward trend from the outset. Until the last half hour of the board of trade session, corn prices were advancing as a result of general buying based largely on news that liklihood of government measures to help dispose of surplus grain had been greatly furthered through official conferences at Washington. Highest quotations yet scoted on the tipward movement of the corn market were thus reached. notwithstanding indications that the corn visible supply total on Monday would show 4 fairly good increase. However, offerings of corn enlarged more and more as wheat gréw weaker, and in the end most of the day’s gain for corn was lost. It was explicitely stated that the tnofficlal estimate of 140,000,000 bushels exportable surplus of wheat in Argentina allowed for poor qual- ity in the northern provinces. On of wheat in Argentina were said to have been planted than last year. Meanwhile, little attention was given today to bullish Canadian crop eat!- mates, which apparently had been discounted tn advance. Corn strength was responsible for the steadiness of oats, Demand here for corn to be delivéred at once tas good, although shipping inquiry here was poor, A Chicago hotise was ro- ported as having bought back 15,000 bushels of corn from: New England Provisions averdméd lower, sym: pathlzing with a setback in hog val- ues, Open High Low Close the other hand, 1,500,000 more acres Wheat: May, new 1.78% 1.79% 1.16 1.17% May, 614 1.78% 1.77% 1.74 1.75% July 1.53% 1.54% 1.50% 1.52 Sept. 146 146 1.43% 1.44 Corn: May 89% 89% 8814 88% July 90% 91% 90% 90% Sept. 924% 192 91% 9155 Oats: 46 AB% 45% Y 46% 46% 46% 46% woes 1.18% 1.18% 111 1.11% wens 1.10% 1.10% 1.09 1.09 14.90 14.92 14.85 14.85 =~ 15.05 16.10 15.00 16.00 - = «00s sess 18,50 15.80 15.92 15.70 15.92 Bellie: Jen, rT er aes 16.25 May ---.. 16.70 16.70 16, 16.60 Nebraska Discovers Oil When Water Blazes As It Strikes Hot Coals By SUB McNAMARA (Copyright, 1926, Consolidated Press Association.) OMAHA, Neb, Jan, 9.—Nebras- ka’s first of! boom has been started from a heap of smouldering ashes. The ashes were dumped into the hack yard of Mrs. D, 8. Bixby, who for years has run a boarding house In the little town of College View, near Lincoln. Mrs. Bixby, worn out with doing the dishes after a dozen boarders, asked her son, H. J. Morrow, to throw water on thp ashes to quell the smoke. Yeung Morrow drew some water from an abandoned well on the premises and dashed it on the smok- Ing heap. Followers of Moses couldn't have been more surprised when he struck water from a rock “water” burst into flames that came near setting hia clothing afire. When Mrs. Bixby heard hig out- ery, she looked out the window, ex- claimed “For land's sake!* and drew some water from the faucet in the kitchen, with which she extin- guished the blaze. Examinations later showed that the abandoned well was nearly half full of ol and today fifty geologists and oj! experts are camped on the have been rapid. Mrs. Bixby’s clothes ply holdout. in oll. Now a syndicate of Omaha busl- ness men hing raised $100,000 ta push College View hope may put Nebras- ka in the class with Oklahoma. Mrs. Bixby, of all the population of the village, refuses to get excited. She is skeptical of off booms and says she will believe it when she sees the money. Anyway she {8 too husy making ples and cookles for her boarders to bother much about it, though it certainly does clutter up one’s back yard something tet- rible to have seven ofl wells on It. Dinah, the family black cat, shares Mrs. Bixby’s sentiments, for her Place on the back porch has been made untenable by all the stir and bustle. | Oil Securities | BY HILL-WEAVER & CO. Bid Ask Borne Scrymser 227 «238 Buckeye - 85% 5 Chesebrough Mfg. - 68% Continental Oi! -. 24% Crescent. ...-~: q5M Cumberland 133 Hureka .. Gal. Sig., com, -. Gal. Sig., old pfa. jal. Sig., new pfd. Tillinois Pipe Indiana Pipe National Transit ~. New York Transit Northern Pipe «. Ohio Ot! International Pete. -. Penn. Mex. Prairie Oil Prairie Pipe Solar Refg. South Pipe So. Penn. Ojl ~....---. 8. W. Penn Of) 52% 8. OO. THA. cenewmennn: 67% 8. O. Kan. -... % 35 8. O. Kan. --.-.. 130% B.0.N. Y. «. 46% 8. O. Ohio. 353 8S. O. Ohio, pfd. 119 Swan and Finch 21 23 Vacuum 107% 107% Washington .. 56 60 8. O. Neb. 2430-248 Imperial 37% 37% Gulf of Pa. 91% 02% Humble Oil 95% 95% | Grain Opinions | By Hill-Weaver & Co, HILBURD WARREN: Probabill- ties are that on a further advance In wheat would prove a profitable sale again, THOMSON McKINNON: If foreign demand be corrected and a further broadening of domestic demand there will be a better basis for prevalime values, JACKSON BROB: We look to seo the market sell much higher, ee fair NEW YORK, Jan. 9,—Bar silvér, 68%; Mexican dollars. 52%. Crude Market | BY HILL-WEAVER & CO. Salt Creek, 36 to 36.9 gravity . 1.79 Salt Creek, 37 to 39.9 gravity . 1.87 Rock Creek «. Big Muddy .-. Elk Basin --...-. Cat Creek Lanes Creek a Grass Creek light «. Greybull Torchlight Mule, Creek .. Lander Osage - Sunburst ..... Hamilton Dome Ferris - Byron Notches Pilot Butte movanesncosere 1,75 | New York Curb By Hill Weaver and Company. High Low Close Cont. Baking uy 17 Cont. Baking 29% 20% Cont. Baking 98% 98% 46% 46% 67% «67% 25% 25% 35% 35% 9% 9% Cons. Copper .-. 2 2 2 Prairie Oil «. 87 7% 56% New Bradford .. 6% 6% 6% Humble Oil . 96% 96% 95% Imperial Ol 37% 37% 37% Am. P. and L. 75% T4% TAM Gulf Ol! of Pa. 91% 92 Inter. Pete. 33% 34 Electric Invr: 78% 69% Lago Old .. 1% 11% Lago news .. 22% 22% Cont. Oll seneneee 25 Um 24% Redbank ..-----------=. Glenrock Argo Oil [ Liberty Bonds NEW YORK, erty bonds closed: 3%, 99.25, Second 4s, 100.4. First 4s, 101.24, Second 4s, 100.18 Tihrd 4 100.28. Fourth 4 101.320. Jan. 9.—(M)—Lib scene watching developments. These lines have fone before the onslaught and her hackyard now holds seven test wells. hastily sunk to see how the oil sup- Four of them brought the new venture, which the folk of A. A. Housman @& Co., through their Casper correspondents, Hill, wi ver & Co., Gladstone hotel build ing, announce that the firm name has been changed to that of A, A, Housman, Gwathmey & Co., as of the financlal world of the consolida tion of business machinery for mora! effective co-operation of brokerage | services which, In this patticular in-| stance, éxtehds throughout the! United States and Canada and covers | the principal stock and commodities exchanges of this country and the! Dominion. A. Housman, whose business | Cates back to 1884, is known as one} of Wall street's la wire houses, doing a gene nd commoditt athmey has been contiected with the eotton trade for ever a eehtiry. The latter firm also maintains A t upon the New York Stock Ex change, Edward A, Pierce is tho managing partner of the A. A. Hous man eohéern and A. B. Gwathmey, J, Wills Mitchell, B. EH. Bartlett, Jr, and Edward K. Cone. present members of the Gwathmey firm, will become general partners In the con: solidated company, Edward B. Cone and B. FE. Rattlett, Jr, are former presidents of the New York Cotton Exchange. business. in stocks so! The Gwathmey firm has confined itself primarfly to cotton business Livestock Chicago Prices, CHICAGO, Jan, 9.—(U. S. Depart- ment of Agriculture)}—Hogs—7,000; uneven; largely 250 lower than Fri- day's best prices; tnderweight 25¢ to 500 off; bulk ketter; 225 to 300 pound butchers, $11,55@11,75; de- sitable 160 to 180 pound averages. mostly $12@12.26; 140 to 150 pound seléctions, $12.40; top, 130 pounds up, 160 pounds up, $12.95 bulk packing sows, $9.75@10.10; de- sirable killing pigs, $12.50, down: shippers took 4,000; estimated hold over, 3,000; average cost packer and soipper droves of hogs hero Friday, $12.82; weight 232 pounds; heavy- weight $11.30@11 medium $11.40 @12; light, $11.25 25; Ught ight, $11.25@12.50; packing sows, $9.20@ 10.10; , $1z Cattle—500; compared week ago: Light and medium weight fed steers 15@26o0 higher; such kind bringing © prexium over heavies; supply lat- ter excessive; weighty steers around 10¢ to 1fc lower; extreme top, $11.50 paid for steers of all weights: stock. ers and feeders and fat heifers 150 to 25¢ higher; fat cows and canners and cutters storng; bologna bulls lhe to 25e lower; vealers Tho to $1 lower; week's bulk prices follow. Fat steers, $8.851410.35; fat cows, $5@7; heifers, $7@8.25; canners and cut- ters, $3.85@8.50; veal calves, $12.50 @13; stockers and feeders, $7@8.25, Sheep—Recelpts, 3,000; for week around 1,000; direct and five cars from feeding selections; today's market nominal; practically all dl- rect; compared with week ago: Fat la ibs strong to 26e higher; year- lings wethers 250 higher; cull na- tives and aged sheep steady; feed- ing lambs weak to 250 lower; tops for week: Fat lambs, $16.50; feeding lambs strong to 25c higher: year. $13.60; 2-year-old wethers, $12; fat ewes, $9.25; bulk prices follow: Fat lambs, $15.50@16.25; cull natty s, $1241 feeding lambs, $15@16; slaughter yearling wethers, $12.50@ 13.50; wethers, $10.50@11.50; fat ewes, $8.50@9. — te | Stock Opinions By Hill-Weaver & Co. PYNCHON AND CO: The oil stocks are beginning to act some- what better and In view of the con- structive news can be expected to continue this group of stocks, better should be in order, on LIV: AND CO: If the market shows down after a selling Wavo, we think stocks can be b ht} immediately for higher prices, Gen-| erally we expect the steel group to| go higher and some of the rails, Con- solidated Gas looks higher. J. 8. BACHE AND If any reaction that would occur, we would of course, expect the goods stocks to go down with the poor ones, but to our minds, the purchase of sugar on any recessions from present lev- els should prove profitable. HORNBLOWER AND WEEKS: Think the market has given a con- clusive answer, or will shortly do 80, in regard to resumption of tm- portant buying on abroad scale, We had been expecting a rediscount rate Increase as outlined in Wednesday's letter, aN Delicious Sunday dinners; private is MARKE Housman and Gwathmey Merger Effective Today January 10 in accordance with their recent announcement of the con. solidation with Gwathmey & Co. The ‘consolidation, while unex-| ~ pected in the Street, Is entirely in| keeping with the present spirit in| while the nathe of | , PAGE ELEVEN <0 possesses an extensive local and Southern clientel, altt the firm has not heretofore maintained a private wire system. While the A. A. Hotisman firm has been in bust ness for forty yenrs, private wire expansion did not begin until years ago. At present the A. A. Housman ny ope-ates aw ayster 1sing = anprex!matel 40.0 ios of leased lines extending, « New York City crore the cov Los Anrote ith mst cittes with oa trans ntinental I'ne running through winntpes, Vancouver 1 Victoria Other Canadtfn points + Torento, Montren! and Quebec The new consoltdstion ts repro sented in mem on all th Sratithal Haswtits Fela ay: : reséiits at the t r , $1,000 {mately Judes three r r the Behance New York Stor and ten ‘nthe New York Cottoh Pxchahge as well AR hearty every other: ex change in Amertea he rember ships total thirty-one ard represent every known phase of the brokerage busines’ fn the entire world. The l6cal Casper firm of Hil! Weaver & Co.. corréspondents of this giant coftcerh, has tivo office oh transcontinental wire, which ex tend. from New York City direct to Denver, then ‘to Fort Collins, Casper Butte and ends in Spokane, Was? The Hill, Weaver offices are located in Fort Collins and Casper. Pomme | By Hill-Weaver & Co. Pah American Pete and Transport completes 18,000 barrel well in La Dicha heavy ofl area Mexico. Barnsdall Corporation expected to eliminate remaining $89,000 funded debt this month, earnings for 19: estimated at $3.65 a share on class “A” and “B." Wholesale gasoline in Tulsa mar- ket advances quarter cent a gallon to 10%c on purchases of 5,000,00 to 6,000,000 gallons by large export agencies. Penna. Refiners havo advanced kerosene quarter cent a gallon, American says a number of cor- porations have thelr eye on General Pete. A big concern with Morgan & Co. backing has made an offer to directors of General Pete of $90 a share for control. This makes the four offers by leading companies. General Pete produces, purchases, transports, refines and markets off in large quantities. ‘The company has acreage In California and holds leases on land in Texas and Wyo- ming and at presént is conducting active development in Alaska. Gen- eral Pete {8 also interested in Mex- lean ofl. Boys of Campbell County Will Have Reading Room GILLETTE, Wyo. Jan. 9.—A movement, sponsored by Alexander Pawla of the Holy Trinity Eptsco- pal church, to establish a boys club with a brary and reading room, has met with the hearty endorse- ment of the people of this dommu- nity, and will become an actuality next week, Arrangements have been made for 2 room in the Campbell county high school building, which will be fitted up comfortably as a club room. This will contain a Ubrary and reading room end will give the sixty odd students from the country who are attending the local school in which to spend their evenir Wanted to Buy Any part of 500,000 shares of ET. Williams If you have any of this sto get in touch with me at once, Blas Vucurevich BROKER Phone 166 203 Consolidated Royalty Bldg. booths. ©, & Q Cafe, 354 N. Wolcott. Hill, Weaver INVESTMEN Gladstone Hotel Bldg. Stocks—Bonds—Grains—C; famous A. A. Housman wire syst with their own brokers, on a gi mission charged. Phone 3024 Bought, sold and quoted on all markets through use of our And to clients of other New York Stock offer the opportunity of dealing direct over our private wires WE ARE HERE TO SERVE YOU & Company T BROKERS Casper, Wyo. otton—Coffee—Provisions em which is the best in the west Exchange houses, we ve-up basis with no extra com