Casper Daily Tribune Newspaper, January 19, 1926, Page 9

TUESDAY, JANUARY 19, 1926 DAILY ———_$—— | Oil and Financial News Che Casper Daily Cribune TR BONE VALUATIONS FOR ALL LIVESTOCK ARE FIXED State Board of Equalization Mails Out New Schedules to Be Used in Levying Assessments for Year. CHEYENNE, Wyo, Jan. 19 —The valuations for the assessment of livestock in Wyom!ng were fixed ny the state board of equalization, copies of which have been sent to the various county bonrds of eqnal- bation and county assessors tn the state. The value of cattle remains the same as in 1925, pure-bred bulls, 18 months and over, at $75; pure bred coming yearlings, $30' purebred yearlines and over, $50 range hulle, under six years old, $59: stock cat tle, coming vearlings, $18; stock ent: tle, coming two years anf over, $18* steers, two years old, $25; steers, three years 61d, $38: pure-hred dairy cows, $60; grade dairy cows, $35; and dairy cows, beef breed, $25. Following are the values placed on sheep: Stud rams. $50; stud ewes $30; pure bred bucks, coming year lings, $10, an incrense of $1 over last year’s value: bucks, $1450, 9 $1 increase: stock sheep, coming venr- lings. $6.50, an incrense of 50 cente: and stock sheep, veartines and over. $8, an Increase of 50 cents, A decresae of $50 is noted in the alue of purebred stallions, the 1925 vatue being fixed at $150, and a $10 decrense has heen effected on the value of purebred mgres, year Nings and aver, this year’s value be Ing $65, The other values on horser ore: Heavy draft, $80; ranch work, fray and livery, $30; saddle, $25; ‘ommon unbroken mares and geld ngs, $10, and shetland ponies, $10. The value on large jackasses used for breeding purposes has been lowered to $150 from 3200. Heavy Iraft mules are $75. a Aecrenae of 125; ordinary. $60. a decrense of $18: vearlings and unbroken, $25, a de ‘rease of $10 The value of burror maine the same, $8. Purebred boars and sows are valued the some as in 1925, at $22. An Increase of $1 In the value of weaned pigs. up to six months old. has been made, making the total $5, while the value. of swine, over six mnothr old, is fixed at $8, an Incrense of 81 over the 1988. value. The valuations on goats ts $4.50, be- ing $4 lower than last vent. Suggested values for chickens are $5 per dozen; for turkeva, $1.50 each, and for bees, $h per hive. Salt Creek Producers In Strong Position: Assets More Than 17 Millions t Declaration of a dividend of $1.62% companies to show large profits. for the current quarter calls atten- tion to the strong position of Salt Creek Producers asociation, The company had been paying dividends of 62% cents quarterly and it Is ex- pected that at lenst this rate will be maintathed with further extras from time to time. Salt Creek has one of the health- jest financial positions among oil tompanies. At the close of 1924 the company showed current assets of $17,335,264 with practically no cur-) rent Uablilities, After distributing $2.35 a share in dividends in 1925, or a total of $3,500,000, the com- pany is understood to have made a further large addition to its quick assets. y Tt has shown remarkably stable earnings over a period of years, owing to the continued large produc- tion of the Sait Creek field of Wyo- ming and its favorable contract with Midwest Refining company. Under this contract Midwest pays all ex- penses of development and operation of the properties and pays Salt Creek Producers a net price for its production based on the current price of gasoline and kerosene, Mountain Producers Corporation which also has large holdings in the Salt Creek field operates under a similar contract. This arrangement | Production of the Salt Creek field for some time has been holding around 60,000 barrels daily, most of which comes from the Salt Creek and Mountain Producers properties This production is entirely from the first and second Wall Creek sands and does not Include any production from the deeper Lakota sand About 15 wells have been drilled to the Lakota gand on the properties of the Salt Creek Producers, Moun- te{n Producers, and Salt Creek Con- solidated companies nearly all of which are considered good for 2,000 to 3,000 barreis a day of high gravity oil. This production ts being held back as a future reserve and will enable these companies to benefit fully from tmprovement in the gen- eral oi! situation due ot declining production of other fields. Farly last year engineers who have studied Salt Creek since Its discovery estimated the net Lakota sand reserves of the Mountain Pro- ducers and Salt Creek Producers companies at over 36,000,000 barrels. Since this estimate was made the Lakota sand ‘producing area has been extended indicating a greater reserve than was first estimated. ‘Test wells are being drilled to deeper sande in the Salt Creek field which are likely to add further has made it possible for these two! large values to these properties, | Commodity Trade News Dry Goods, ATLANTA—Excayation work has been begun for the Southenrtern branch of Sears Roebuck and com: pany here, which will be nine stor ies high, 300 feet long and 150 wide. Fifteen hundred workers are em- ployed on construction. Automobiles, CLEVELAND—A heavy volume of automobile production In the early months of the year Is indicated by the orders already placed by. auto manufacturers with auto accessory manufacturers here. Fruit. PORT AND. Ore, here {s stexdy 1. provement notic’able in the prune markets of the north Pacific. All pits have been cleaned up. the last lot going to France. Tle 1s a good lemand for Italians, Sales are being made at 11 centr a pound f. o, b. dock for 40 to 60 cents. Crude Market BY HILI-WEHAVER & CO Salt Creek, 36 to 389 gravity 179 Salt Creek, 37 to 29.9 gravity . 1.87 Rock Creek .. 1.78 Big Muddy .. 175 Elk Basin 190 Cat Creek 199 Lance Creck « ~ 10 Grise Creek tight ..---—----+- Lvo Greybull ..--.----------: 1.15 Torehiight 1 bd Mule Creek ------. 1.26 Lander ...--«--. 2.70 Osage - 218 Sunburst .-.-. - see ae Hamilton Dome ..-.~--. Ferris ---. Byron... Notches Pilot Butte Money NEW YORK, Jan. 19.—@)—Call voney easier: high 4%: low 4; rul ng rate 4%; closing bid 4 offered a! 1%; Inet loath 4; call loans against \eceptances 2%; time loans steady mixed collateral 60.90 days 4%: 46 months 4%: prime mercantile paper M@ih. : ae | iw YORK, Jan, 19.—A)—Cot- ton Spot quict; middling, $21.05, Nats. LOS ANGELES, La,—The largest walnut grove !n the world has been purchased by a Los Angeles syndi- cate from the San Joaquin Fruit and Investment campany. The grove ts located in the supper San Fernando valley. ou. TULSA—Sixteen wells are being irilled in the vicinity of the Maz nolia Petroleum company's new dis covery in Wilcox sand in the We- woka field. Dairy Products. MADISON, Wis.—The Wisconrin law regulating the manufacture of cheese has been declared unconst! tutional, although in effect since 1895. Wisconsin manufacturers make as much cheese as all other states combined and a test of the law through the highest courts Is ex pected. Business Briefs YOUNGSTOWN, Obio—Operations in rome departments of the steel mills in the Mahoning valley are de. creasing slightly owing to buyers’ resistance. The check to production fy really a sensonal one. About 28 out of 4% furnaces are in blast. PITTSBURGH — Republic Stee! and Iron mills are on an 88 per cent basis; Trumbull at 95 per cent; Sha- ron Steel Hoop at 95 and A. M, By- ers at 96. JOPLIN, Mo.—Royalty interests of the Wright Mining and Royalty company have been purchased by the Consolidated Lead and Zine com- pany. NEW YORK, Jan. 19.—G)—Pro duction of silver in North America and Peru in December 's computed nt 15,767,376 fine ounces by the American Burentt of Metal Statisticn, against 16,636 821 in November, and oringIng the output for 1926 to 188, 86.088 ounces against 191,401,240 in (924, NEW YORK, Jan. 19.—()—8u- preme Court Justice Mullen today dismissed the $200,000,000 account- Ing sult by minority stockholders of the Denver and Rlo Grande raftroad against the fermer directors. Judg- ment wae rendered in favor of the defendants. | New York Stocks Allis Chemicai and Dye ....-. 14% American Can ~ 277 American Car and Foundry .. 110% American Locomoilve -..-._. 114% American Sm. and Ref, ..... 132% American Sugaf ........ American Tel. and Tel. ... American American Woolen .. Anaconda Copper ... Armour of Ill. “B” . Atchison ... Atl, Coast Line . Baldwin Locomotive saltimore and Ohio . ‘ethlehem Steel ‘alifornia Pet, _. ‘anadian Pacific 2... Yentral Leather pfd. Terro de Pasco Tobacco ..... 116% Chicago and Northwestern __ 733% Chicago, Mil. and St. Paul pfd. 19 *hicago, R. 1 and Pacific... §9 Chile Copper ......-... Chrysler Corp. 78% tuba Cane Sugar pf. . 45% Dodge Brothers “A” 2. 43 Du Pont de Nemours Hlectric Power .. d Light, ctfs. Erie Ratlroad —— famous Players ee isk Rubber ... foundation Co, General Asphalt ... General Electric .. General Motors . sess 117 Great North. fron Ore. etfs - 251% Great Northern pfa. . 4 Gule States Steel .. 86% Hudson Motors 107% Ullnois Cential ..2 118% Independent O. and Q. .. Int. Combustion Eng. —. Int. Harvester ___. Int. Mer. Marine pfd. Int. Nickel 42% Kennecott Copper 54% lehigh Valley Louisvil'e and Nashville ---- Mack Truck Marland Of _ Mid-Continent Pet. Mo., Kan. and Texa: Missouri Pacific pfa. Montgomery Ward _ Nat. Lead -__.... nacen 168 Sew York Central - Wy N. ¥.. N. H. and Hart -- 41% Norfolk and Western _ 154% North American 65 Northern Pacific 12 Pacific On _ Packard Motor Car Pan American Pet. B Pennsylvania Phillips Pet. _ 84% Rep. Iron and Stee! — 57 St. Louis and San Fran. —. 96% caboard Air Line . Sears Roebuck -._.___. Sinclair Con. Olt --..22. 2. Southern Pacific 2222-21. Southern Rallway _.. S.andard Oil, Cal. Standard O11, N. J. 2. Stewart Warner .. Studebaker exas Co. 22. os. Texas Gulf Sulphur — Texas and Pacifie ..22.__. Tobacco Products Union Pacific United Cigar Stores ..___. U. S. Cast Iron Pipe -.____. U. 8. Ind Atcohol . cart" CU. 8. Rubber _... 8a U. 8. Steel SNe 132% Wabash Railway ... 2.0. , 47% Ward Baking “B” = 77 Westinghouse Blectric White Motor __. Willys Overland Woolworth 72% 80% 28% 199% |_ Wyoming Oils Quotations by Blas Vucurevich, Broker 208 Consolidated Royalty Bldg Western Exploration . 2.25 2,50 Consolidated Royalty — 9.00 Central Pipeline .. 5 E, T. Williams 19 Bessemer .___. 12 Western States ll Kinney Coartal 07 Columbine 06 Jupiter ... 01 Elkhorn 03 Domino 05 Royalty Producers 04 Sunset Chappell MeKinnle Burke O11 Riverton Pet. —. Argo Oil Mountain Producers Salt Creek Producers Continental New York Ol) Salt Creek Con: 8. O Ind, .. Humble O11 Ohio Ol 64% Grain Opinions | By Hill, Weaver & Co. Hulburd Warren: There is noth- ing particularly bullish In the news on wheat, corn and oats following wheat. Jackson Bros.: Feel that the mar- ket ts in shape for further advance. Harris Winthrope: We shall be surprised if this rally holds, Corn news ciniinues depressing. Bartlett Frazier: We are tnclined to believe in wheat strength It would not be surprising If cash corn showed Curther strength as primary run is moderated, oats need outside Interest, Thomson MeKinnon: Wheat is in need of decidedly more actual de- mand abroad. Difficult to force any Digher prices for coarse grains #0 long as country continues shipping so heavily, . SELLING HALTS STOCK ADVANCE Profit-Taking Is Factor in In- terruption of Bull Move- ment Today NEW YORK, Jan. 19.—(4)—Stock prices turned reactionary. late today when a_ selling attack, launched against the motor shares and other ndustrial issues wiped out most of the gains scored on an early ad- vance. American Can broke 5 points and reactions of one to four points took place in Sears Roebuck, Bald win, Pullman, U, 8. Steel and Ameri- can Smelting. NEW YORK, Jan. 15.—(P) —Re. sumption of the upward movement of prices.in today's stock. market was interrupted at intervala.by bear selling and profit-taking. Pool oper- ations were stimulated by a reduc. tion in official call money rates ta four ner cent, loans in the “ouside market” being quoted as low as 3% Short selling war aggressively con- ducted tn the baking is¢ues on the tnnouncemont that an official in: juiry into recent mergers would be gin here next month. Renewed weak ness of United States Alcohol was wssociated with unconfirmed rumors of lower prices and loss. of contracts Public tivities were heavily bought in antielpation of Important merger and dividend American Water Works and Public Service of New Jersey each selling & points above yesteray's final quota tions. while several others su'd 1 to 2 points higher. ‘Spec'al buying also developed in several specialties, Tn- ternational Business Machines sonr- Ing over six polnfs and South Porto Rican Sugar, Savage Arms, and Nat ional Biscuit selling 3 points higher. Heavy liquidation of the motors war -esumed in the early afternoon, with Hudson and General Motors the prin ipal targets. ‘ NEW YORK, Jan. 19 —)—-Stock wices displayed a firm tons at the ening of today’s market, which was featured by a resump inn of short covering in the motors. Hud con showed an Initia! catn of 1% and fordan 1%. Savage Arms quickly \dvanced 2% points. Marland ad- vanced 1% and Norfolk and Western mounted to a new record high at 157, Public utilities gave the best dem ‘nstration of group strength in the “arly trading. Public Service of New lersey advanced 2 points to 91, the highert price ever recorded by. the wresent no-par stock, and American Water Works, Philadetphia company and Standard Gas and Electric mov ed up a point or so before end of the first half hour, > Motors ‘umped 434 points and White Motor ellmbed 2%. A good demand also was noted for Foundation company ‘owe: Scnie, Allied Chemical, Du: Pont and Fairhanits Morse. Foreizn exchanges opened steady, demand sterling ruling around $4.85%, and french francs at 375 cents. Ward Raking B was sold fn blocks ‘f 5.000 to 10,000 shares, forcing it lown four polr’s: The decline was senerally attributed to the announce ment that the federal {nvestigation of the baking merger would be re- sumed here mgain In February. Cush- man broke 4%, and U. 8. Industrial Alcohol and American Woolen also had a sinking spell. The decline in there shares had virtually no effect on speculative buying elsewhere, General Electric moving up six quar- ter and Ca‘ifornia: Packing four points, Louisville and Nashville, Nat- ‘onal Biscuit, tnternational Tele. none and Telegraph, International Business Machine; Punta Alegre Sugar, American Can and U.S. Cast fron Pipe also’ were strong features, Call loans were unchanged at 4% ner cent The closing was heavy. Failure of professional operators to enlist an outside following on the early rise encotiraged a resumption of vigorous bear selling under which higher priced rails and industrials were hammered down 3 to 5 points tn the final hour. Motor shares lost most Of thelr gnina and sharp re- nections also took place in Atlantfe Coast Line, Pullman, American Smelting, National Lead, Sears Roe buck and Woolworth. Total sales approximated 1,500,000 shares. _ | Oil Summary By Hill. Weaver & Co. Sixth annual convention of Ameri. can Pete Institute opens today at Los Angeles, Of and Gas Journal crude production for week ended Tanvary 16, declined 6,974 harrels fnily, averag'ng 1,970,089 daily. extimaten Injunction actions filed tn Mexi can courts by American, British and other foreign countries against pe- troleum law »ndangering rights ac quired previous to Mny, 1917. Oil men In M'd-Continent field ex- pect rise In price of crude rate, Tulsa despatch says, Stockholders of South Pen on company meet in Pittsburgh today to approve splitun of stock on basis of four new shares for one old, Steam refined oll has been reduced % cent a gallon by Penna refiners, Louisiana Ol Refining corpany shareholders. approve creation of $4.000,000. 6% per cent convertible preferred and Increase of 160. 10,000 shares in commor to orovide for conversion of preferred. —=— — | Poultry | CHICAGO, Jan. alive, stend. 19.—(7)—Poultry 7 cars; fowls, velopments, | | ping demand moderate Livestock Chicago Prices CHICAGO, Jan. 19.—(U, B, De partment of Agriculture), —Hogs, re- ceipts 36,000: slow, medium ard heavyweight butchers. lec to 20c tower; lighter welght fully 25¢ off: killing igs 25¢ to 60c lower; ship Ste packers inactive; bulk better 225 to 300- pound butchers $11 90@12.15° bulk desirable 160 to 190-pound welght $12.50@1275; few 140 te 150-pound selections up to $12.90: tops, all Weights $12.80 packing sows largely $10 40@10. desirable killing pigs $13 down; heavyweight hoga $11.70 @1210: medium $11 80@12.45; light $11 60@12.80:, light Nght $11,50@ $1290; packing sows $10 25@10.90; slaughter pigs $12.75@13. Cattle, receipts 11.000; fat steers, slow: steady: quality plain; medium $rades predominating: bulk 38.50@ 10.00; best medium weight $1 it yearlings $10.50; better grades heavy fat cows and heifers and heavy helfers, weak ht heifers and cut- ters, fully steady; bulls steady to Weak; venlers mostly $13@14 to nackers; outsiders upward to $14.50, Sheep, receipts 10,000; fat Iambs fairly active; most- early sales to city butchers and shippers $15,50@ 15.75; or strong to 25e higher: few loads to packers $14,75@15 25, thean strong; praetically no feeding iambs Included in day's receipts. holding few loads of light weights above $15.50; fat sheep fully steady: two decks and several lots of desirable owes $8.50@9 Denver Morket DENVER, Colo., Jan. 19.—(U. 8. Department of Agriculture).—Hogs, receipts 2,600: elght loads direct to packers, two lo~ds through to Call fornia; market 1Ne to 15¢ lower: top $12.25 for eight, loads sorted from show lot exhibit: others $11,90@12: | bulls, no action on pack'ng grades; talking steady. Cattle, receipts 2,300: calves 50: most classes, dull; undertone weak: few early sales about steady: one load good to choice fed light steers held around $1050: cows $5@6.75; heifers $7@7 0, few bologna bulls $4509545; venlers $12.50 down yearling feeders steers $8.25; good tock calves $7.50, Sheep, receipts 1.800; fat lambs Se higher. quality considered: two oads $1425, freight paid: two toads M1-pornd fat ewes 38.10 flat; looks stendy. Omaha Quotations, OMAHA, Nebr., Jan, 19.—(U. Department of Agriculture.)—Ho, ~ Receipts, 17,500; mostly 15¢ to lower; good and choice 200 to 360 pound butchers, $11.65@12 00: desir. able 160 to 200 pound weights, $21 00 12.20; top 160 pound stuff, $12.20 odd lots 140 to 150 pound seleetions, $12.10@12 20; packing sows, 25¢ to 50c lower; bulk, $10 25410.50; bulk of all sales, $11 60@12.10, 5 Cattle—Receipts, 10,000: fed gteers and yearlings, slow. werk to 10@ l5e lower: bulk, $8.25@9.50; few loads up to $9.90; some held highe she stock weak to 15¢ lower; bulls, steady to weak: veals, steady: stock- ers and feeders, slow, wenk: bulk of Be lutcher cows, $5.75@625; heifers, $6.75@8.35; canners and cutters, $3.75@4.50- bologna bulls, $4.75@ $5.85; practical veal top, $10.50; stock- ers and feeders, $7.00@8.25, Sheep—Receipts, 13,000; all classes genetally steady; lambs, active; bulk of fed wool lambs, $14.600014.75 top, $14.85; few londs of shorn lambs average 93 pounds, $12.50; desirable weight ewes, $800 8.50: early sales of feeding lambs, 314,.25@ 15.00. Prices at Kansas City. KANSAS CITY, Mo, Jan, 19.— (U. 8. Department of Agriculture — Cattle — Receipts, 11,000; calves, °.000; fod steers Cpening stow, steady killing quality considerably im- proved: top heavy steers, $10,715; weight 1531 pounds; best medium weights early, $10.00: several loads held around §9.75@10.00; she stock, steady; several loads fed heifers, 17.00@8 60; butcher cows, $4756 00: ranners and cutters, $3.50@4.50: beef 10¢ to 15e lower: bolognas y eteady: venters and weak {6 50e lower; cholce, veals to packets, $11.00@11.50; stockers and feede scarce, steady, Hoga—Receipts, 8,000; unevon: bet- ter grafés 225 pound averages and down to shippers, weak to 10¢ lower: Nght lights, steady: medium and welghty butchers, slow: few sales to packers around 25¢ lower; shipper top, $12.50 on 200 pound averages: packer top, $12.25: bulk of sales, $11,55@12.45; desirable 170 to 226 pounds, $12.25 @ 130 to 160 hounds, $12.50012 80; few 240 to 300 Pounds, $11 9041215: packing sows, $10.75@11.85° sings, $8.75@9.50: stock pigs, Strong, mostly $12 00@12.50. Sheep—Receipts, 8.000; lamba gen: erally steady; closing slow: top, $14.95: other fed lots, $14.50414,90; *heop, steady; top ewes, $8.60, - | Foreion Exchange | NEW YORK, Jan. 19.—(4)~For- ign exchanges trregular, Quotations in cents: Great Britain demand 486; cables 486%; 60-day bills on banks 481%. France demand 3.731%! cables 9,74. Italy demand 4.03%; cables at 4.03%. Belgium demand 4,54; Ger. many 23.80. Sugar NEW YORK, Jan. 19—)—A better Inquiry was reported today for refined sugar and prices were unthanged to 10 points higher, re- flecting the higher cost of raws Tho list ranged from $5.00 to $5.30 for fine granulated. . fll ah | Potatoes | CHICAGO, Jan. 19.—A)—Potatoes ~Trading talr on Idaho stock; very slow on others; receipts, 102 ca total United States shipments, 56 17 Canadian; market weak; no sales reported on northern; Idaho sacked russote, $4.00@4,25, acording to quality. fresh | PAGE NINE Stocks and Grains PAIREIGH TRENT BOQaTS WHEAT Chicago Trading Responds to Stronger Demand at Liverpool CHICAGO, Jan. 1° —4)—Some of the lead! speculative traders in wheat changed over to the buying side today, and with Increased pur- hasing also on the part of the mills, the market went rapidly up- ward, especially in the final hour. Export demand was fair, and It was asserted that the Canadian wheat pool had disposed of large aoldings | at Buffalo and elsewhere Corn, which had been depressed at times was railled by whext sfrength. Wheat closed unsettied, 1%c to 3¢ net higher: corn unchanged to ‘4c up, and oats at %o to \c gain. ! CHICAGO, Jan. 19.—W)—Helped by firmness. of Liverpool quotations, the wheat market here tended up: ward teday during the early deal- ings. In this connection, some gnificance was attached to reports | at higher prices were being asked | broad for Argentine offerings al- hough of poorer quality than usual Notice was also taken of comment that the combined visible supply of Canada and the United Stntes at present only 115,000,000 against bushels a 1g0, commencement of a bushels year new Is 122,090,000 with harvest in this country ap ly four and a t thieago opening pric igher, May, new, $1.75 to $1.7 and July $152 to $152%, were fol ‘owed by a-slight dip and then by a ise higher than hefore. Improved weather conditions made the corn murket easy. After open- Ing at %e off to %e Up, May 84%c to 84%c. corn underwent a moderate ral . Oats were responsive to wheat trength. Starting unchanged to eo higher, May 45¢ to 45%c, Onts eld near to initial figures. Foreign buying gave strength to srovisions despite lower quotations on hogs. Wheat— Open High Low Close May, new 1.75 178% 1.74% 17 May, old. 1.72 175% 1.72 fuly 1.52 154 181% | Sept. 1.44% 1.45% 144 8414 835, 4% 86% 86 87 87% 87% s8% 45% 44% 45% 46 5% AG May 111 109% 1,10% | Tuly 1.10% 1.08% 109% | Lard— | ran 15.45 18.30 May 15.80 15.60 ubs— tan May Pellies— Tan. May Cash Grains and Provisions CHICAGO, fan. 19.—)—Wheat: } No. 1 hard $1 No, 2 hard | 4, @1.82% Corn, No 2 mixed 72%@ No. vellow 75% @77c. Oats, No. 2 white 424% @43c; No, 3 Hite 42% @42%\c. Rye, No. 2 $1 04% @1.05, Barley 62@78c. Timothy seed $7.25@7 50. Clover seed $27.25@381 25. Lard, $15.82. Ribs $16.00. Beilles 317.00. + ee Ere | Stock Oninions "By H'.Weaver & Co. Tobey and Kirk: With good ndustrial conditions and easy mon ey It looks as though the market will be an Irregulor trading propostt! as technical ,positions are ndjuste Hornblower and Weeks: Rails and | ots both have reached a potnt where strong support may be found may be that these two groups w tined as levers to turn the market | back into {ts former upward course, | We would watch. closely for such a tovelopment. | Block Maloney: While we would | not follow prices up, we would buy high-grade issues for a turn At this level investment issues look more attractive to people with funda to Invest. J, 8. Bache & Co: ‘The safest froup for the long pull would ap near to be the rails, A Nickel Plate Alrectors’ meeting Is expected early In February ond favorable action there would stimulate enormous tn terest In this group. Those interest ed in thie merer and the numerous other consolidations mentioned would hecome increaringly popular Later, the ensh and stock dividend Prospects of Nickel Plate and Atoh {aon would attract public interest and result In higher level se EE Butter and Foos | CHICAGO, Jan. 19.—)—Butter— Higher; receipts, 10,589 tubs: cream ery extras, 42c; standards, 42%; ex: tra firsts, 41041 Ger firsts, 40@40%e; seconds, 39M39%c. Eges — Higher receipts ases; firsts, 344% @34%o; ‘irsts, 32 13,118 ordinary | Metals | NEW YORK, Jan, 19.—A?)—Cop per, stendy; electrolytic, apot and fu tures, 14@14%e. Tin, easy; spot and nearby, $62.00; “ytures, $61 26. Iron, steady; prices unchangéd, Lead, steady; spot, $9. Zinc, eay; East St. Louls spot, $8.40@8.50; futures, $8.20@8.40. | Antimony, spot, $23.25, ae Drink Uilicrest Water, Phone 115) | =e MARKETS NEW YORK BONDS NEW YORK, Jan. 18. closing bids of bonds on the New shares of each bond. | | and The foto lowing York are today k Exchange high, and tow St the (U. 8 Government bonds in dotiars and tt conds of dollars) U. 3 BUNDS— (Sates in $1.10 Low Cle iberty Js .. 1A 27 100 100 i. = Aberty Ist 4s 1 100.4 Wa Liberty 2nd Liberty 39 & liberty 138 100. Liberty 3d 196 100 29 lAberty 4th 440 153 1 U S$ Treasury 4s. US Treasury 14s PORKEIGN= zechosiovak Republic Vom. of Cannda 68 195 “rench Republic 7 13s Japanese Govt 6.28 . Kingdom of Helglum 6%s 8s Kingdom of Norway 68 1944 101% Rep of Chile Rs (v41-- Es State of Queensiand 6 UK ofG B &lé 5 10 DOMESTIC— Amer Smelting 53 Amer Suaar 6r .. 5 Amer Tel & Tel Sis . ui A. T & T deb bs 1960 103 Anaconda Cop Ta 193% o4 105 Anaconda Cop fs 19d 44 At T @& San fe ken 12 10 ait & Ohio evt ths ahem Steel con fs ‘anadinn Pacific (nee §7 Chie Burl & Quinry ete fe A 5 oa thie Mil & St P evt iMs.. 28 S chile Copper #® ....... 0 107 ndvenar Tire Xs (Y4l.. 5 5s ireat Northern Ts A 18 jreat Northern Ss. 1 aoe Montann Power S# 1 100% 100% Northern Pacific ete 21 109 1085 Northern Pac new Northern Pacific tien 4 5 o---- Vacific Gas ®& Klee 99% Penna RoR xen ‘tes 95% Sinclair Con Mi 6s 1M 109% Southern Pac cvt Union Pacific Ist 48 CU. S Rubber 6s Utah Power & Light wes Western Minton 6% Westinghouse 6 105% 10575 Wilson & Co evt Total sales of bonds today were $8,632,000, compared with $7,071. 000 previous day MARKET GOGS!P and $19,147,000 9 vear Flow | MINNEAPOLIS: Minn. Jan, 19.— (A\~ Flour unchanged to 10 higher; bey a family patents $965 a barre! By UM, Weaver & Co. Shipments 40.487. barrels: bran Philadetphin Hapid Transit Decem: 0 wh t N 1 f the P pDbIn WADIA wah n | 326.60 nea 0. northern ber surplu: after taxes. fixed | $1 4 @1 72% May $1.69%: July charges, management fees, ete. wir |$i gst” Gorn, Novy stit 4 3133,657, and for the year $312,006 . LM dotted 7 1 180% — Onts, No. 3 white 88% @a9 BIL for increase tn capital by 85,-| pine, Wo. 1. $2474 a 100,000 to $48.000000 for araquteition g pts 2 of Yellow Cab company of Phila Jelphia signed by mayor Si - ilver Sale of Cuban row sugar made at | e Ac, up 1-32 cent. NEW YORK, Jan 19.—Bar silver, ye 57%; Mexicn lars 2; Berlin appropriates five mittion |”. #) Meean dollars, 62 pected to retvee sno.o00 vnempioves | PRReritance TAX State Function, Coolidge Thinks WASHINGTON, Jan, 19+) — | White President Coolidge belleves Steel scrap prices have been re-| the federal government -should re luced 50 cents a ton for heavy melt: | tire from the inherliance tax field, Ing steel at Pittsburgh; price quoted | leaving It to states, he has not de ia $18.60 to $19 termined in his own mind when it would be advisable for congress to vbolish th At the White House today when ‘omment was sought on the senate finance commitiee amendment to the tax bill to abolish inheritance ta it was made clear that the presi Chicago and North Western will purchase 150 ore cars and 250 gon dotas costing $1,000,008: will begin construction at once tn extensions costing $2,000,000: contemplates $6,- 100,000 expenses on yards. Underwriting belng arranged in London by Chilean government for six per cent lonn of 2.809.000 pounds at 94; loan Is part of 7.649.000 pounds authorized for port works Survey by Amerlean [ron and | dent favored the principle of estate Steel Institute places domestic prac-| axes, but was of the opinion that teal steel ingot eanacity at 50,000,000 | they rhould be restored to by tl fross tons annually and theoretical | national government only in emer capacity at 56,000.000 tons* practical | tencles such as that brought ab ple tron eg mated at 45. | o¥ the world war. 900,000 tons and theoretical capacity | Determination of when the federal t 50,500,000 tons. overnment should do away with it —— inheritance tax levy, the pres‘der: Polish government under- | believes, should be made the subje: king givir ankers Trust option | of expert investigation on lease of tobacco monopoly in re for loan Shak i Issue of $10,000.000 ° Average pricea—20 induatr THE OLD ESTABLISHED 98, up 0 rails 110.34 64; | STOPPING PLACE IN 10 bonds 93.44, up .92 } SHERIDAN Pek | Your Home When in (Industry business sheep and | T attle mining ‘develayme nial ty ; ‘ own. : : ill be exhaustively covered in the e and Garaze n Connection Tribune Herald industrin) edition | DO D WARNER Proprietor out soe =n WMC I have been trading with Hill, Weaver & Co., brokers, located in the Gladstone Hotel Build- ing, since the opening of their Casper office. I have always found them to be honest, reliable and efficient in the handling of all stock, bond ang grain business. Any reports to the contrary attributed to me are herewith strongly denied and I would urge my friends and all Casper traders to deal with home folks such as Hill, Weaver & Cr sire nse of their superior service. BLAS WUCUREWICH BROKER Consolidated Royalty Bldg. (HUHNE WE = 2 S = 2 2 : =