Casper Daily Tribune Newspaper, January 20, 1926, Page 7

WEDNESDAY, JANUARY 20, 1926 DAILY Oil and Financial News STANDARDIZATION IN OIL ACCOUNTING UP Petroleum Institute Hears Discussion at Today’s Session of Annual Meeting Being Held at Los Angeles. LOS ANGELES, Cal., Jan. 20.— (#)—Standardization of accounting methods for oi] companies was one of a number of leading subjects to be taken up at today’s session of the sixth annual convention of the American Petroleum Institute. Adoption of a uniform system, leaders in the petroleum industry say, will solve many problems of the business, and {s heralded as one of the greatest steps ever taken by the industry. A general balance sheet as a first unit In the scheme already has been com! . Uniform accountirig, the ofl mag- nates assert, will solve the taxation problem both for the industry and for those who set the taxes; will give buyers of ofl stocks a standard upon which to judge investments and will stablize the credit of the DAVIS OPPOSES. PLANE EQUALITY (Continued From Page One) fons of men who have devoted their Uyes to these problems.” Emphasizing thet he gave espe- celal weight to the views of General Pershing, Mr. Davis read a letter written by the general on January 20, 1920, to Major General Charles ‘T. Menoher, then chief of the army air service. It read in part: “Military forces can never be ef- ficiently trained nor operated with- out an air fore “An air force, actng independent- ly, can of its own account neither win a war at the present time, nor, fo far as we can tell, at any time in the future. ‘An air force by itself cannot ob- tain a decision against ground forces on the ground. “A military air force is an essen- tial combat branch and should ferm an integral part of the army. force should be estab- s 4 separate arm of the service, Gonsedyt with the infan- try, cavalry and aftillery. “An air foree should not be es- tablished as a combat force distinct from the army and navy. Mr. Davis pointed out that the war department already had placed be for the committee legislation design- ed to carry out practically all of the recommerviations of the president's alr board tn respect to the army air service. MacMillan to Tell Air Fans why Peary) Took Negro to Pole CHICAGO, Jan. 20.— () —Com- mander Donald B. MacMillan, Arctle explorer who accompanied Admiral Peary in 1909, on his successful dash to the North Pole, will defend Ad- tiral Peary in a radio talk over station WJAZ, at 11 p. m,, central time Thursday. MacMillan, his friends say, will tell why Peary took Matt Hansen, a negro, with him to his actual goal, Instead of one of his white companions MacMillan and Robert Bartlett are the only survivors of the men who led the four parties In support of Poary, but Hansen still ts living. MEXIGAN LAND LAW DEFENDED WASHINGTON, Jan. —F) — The Mexican “‘antialien land law."" subject of conversations between Washington and Mexico City, is de fended tn a diplomatic brief drafted by Foreign Ministed Saenz, and made public here by the Mexican am- bassador, While making no mention of re- troactive provisions of the law, to which this government has recently protested, the brief supported other phases imposing conditions under which foreigners may acquire land and stock {n Mexican companies or concessions. The foreign minister declared the organic law of section 1 of article 27 of the Mexican constitution can- not be considered as an allen law because it does not deal with the status of foreigners. Instead, he as- serted, it treats with constitutional rights of Mexicans and Mexican cor- porations for acquisition of lands and con fons in that republic Chang Strikes Back at Japan LONDON, Jan. 20, @) — The Dally Express prints a Peking dis mitch ..at Marshal Chang T'so-Lin, he Manchurian military chief has Issued a proclimation declaring it legal for foreigners to lease Man- land, This iy In violation f the treaty rights of Japan, Chang ts described as embittered gainst Japan for having taken over Mukden, thus preventing him from ing {te arsenal and for falling to pport him in the recent warfare. proclamation {is in retallation or the Japanese action, Ye industry. Group sessions at which spectal topics were to be discussed, were to be held throughout today. The mat- ter of uniform accounting was to be | taken up by one group. Subjects to be considered in other sessions in- cluded standardization of of] field equipment, motor fuel and motor lubrication and fire prevention and protection In the petroleum Industry. At yesterday's opening meeting 3i new members of the hoard of di- rectors were elected. The group In- cluded A. L. Doheny of Pan-Amer!- can Petroleum and Transport com- pany, and Harry F. Sinclair of the Sinclair Interests. The new direct- orate was to hold its first meeting today. The convention will continue in session for one more day. It is being attended by some 2,000 leaders in the petroleum industry. Oil Summary By Will, Weaver and Company American Petroleum institute esti- mates including oll for week ending January 1, 19,147.600 barrels daily, decrease 16,200 daily from preceed- ing week. Stocks at refineries showed net de- crease of 940,000 barrels in Decem- ber based on American Petroleum in- stitute summary covering approxi- matel: 64 per cent of operating ca- pacity. Stocks of gasoline showed an inerease of only 48,000 barrels or 2,016,000 gallons. Pipeline and tank farm gross do- mestic crude ofl stocks east of the Rockies decreased 6,940,000 barrels in December, according to returns compiled by American Petroleum in- stitute. Stocks of crude oil held by pipeline companies east of Mississippi river decreased 60,172 barrels during De- camber, the largest drop recorded for any recent month. ao SURMARY OF i NIGHT NEW Vice-President Dawes, stirred by tactics of world court ponents, renews fight to revise senate rules in radio speech; proponents dicker for early voting date. Senator Robinson, democratic leader, offers bill to create farm export corporation with $200,000,- 000 initial capita Cardinal Mereier devotes dying hours to work for union of Roman Catholics and Chureh of England. Premier Bethlen, in speech to Hungarian parliament, charges France has, overstepped interna- tional usage in investigation of counterfeit franc note seandal, Roald Amundsen visits his old explorer comrade, Dr. Cook, now in Leavenworth penitentiary, Four Ohio State University pro- fessors, ier investigation at Co- lumbus, deny they have any com- munistic tendencies; three served in A. F, New Evening Gowns to Be | Ankle Length 20,.—P)— again NEW YORK, Jan. Ankles instead of knees a coming into style. Evening gowns during the com- ing season are going to be ankle length, according to models dis- played at the annual fashion show of, the National Garment Retail- ers association, ‘The lower hem line, however, is confined to eve- ning dress, for sports and after- noon costumes are still dashingly short, most of the models seldom reaching to more than three Inches pelow the knees. —_-— Money | NEW YORK, Jan. 20.—(?)—Call money easier; high 4; low 4; ruling rate 4; closing bid 4; offered at 4%; last loan 4; call loans against accept- ances 3%; time loans easier; mixed collateral 60:90 days 4%@4%; 46 months 4%@4%; prime mercantile paper 4% @4\%. Sober | Cotton NEW YORK, Jan, 20,—()—Cot- spot quiet; middling, $21.05. vata Mest ea Alay LATE SPORTS: CANNES, France, Jan, 20,—A)— Helen Wills, the Americnn woman tennis champion, tod: defeated Peggy Saunders, 19 year old English star, in the Metropole tournament, 6-2, 6-1, eet sune Soman Drink Hillcrest Water. te New York Stocks Last Sales. Allis Chemical and Dye -. American Can -..---.. American Car and Foundry -. American Locomotive ~--.-.. 113 American Sm. and Ref. American Sugar, .. American Tel. and Tel. ... American Tobacco American Woolen Anaconda Copper Armour of IIL Atchison Al. Const Line .. Baldwin Locomotive Baltimore and Obio Bethlehem Steel | California Pet. Canadian Pacific -........ Central Leather pfd, ~...-.... Cerro de Pasco ... Chandler Motor -.. Chesapeake and Ohio Che Casper Daily Tribune TRIBUNE STOCK PRICES SLOW TO RALLY Early Trading Depressed by Discussion of Brokers Loan Publicity NEW YORK, Jan. 20.—(#)—The decline in stock prices precipitated by the announcement that the amount of brokers’ loans would be public beginning next month, was abruptly checked this afternoon when the entire market rallied un- der the leadership of U. 8S. Steel common. Short covering operations stimulated the advance, with such issues as American Can, California Packing, Foundation Company, At- lantic Coast Line and Frisco com- Chicago and Northwestern .. 73% Chicago, Mil. and St. Paul pfd. 19 Chicago, R: I. and Pactfic -... 58 Chile Copper wecwnen= 633% Chrysler Corp, -------------. 48% Coca Cola —-s-cccewnnweneee 150 Colorado Fuel --.-----------. 35 Consolidated Gas ~........ 97 Corn Products ~..-.--.-...-.. 40% Crucible Steel wennenene-= 78% Cuba Cane Sugar pfd. ------- 45% Dodge Brother “A" .. wae 44 Du Pont de Nemours --...... 2: Blectric Power and Light ctfs, Erie Railroad - Famous Players ~........ Fisk Rubber ~ Foundation Co. General Asphalt ~--- ae aly: General Electric 2. 338% General Motors --.... = 118% Great North Iron Ore Great Northery pfd, Gulf States Steel Hudson Motors Ulinois Central Independent O. and G, Int. Combustion Bng. ~.~.. Int. Harvester --... — Int. Mer. Marine pfd-.... Int. Nickel -.-. Kennecott Copper ... Lehigh Valley -.. = Louisville and Nashville -. Mack Truck Marland, Oil Mid-Continen - Mo., Kan. and Texas -. Missouri Pacific pfd. -. Montgomery Ward Nat. Lead --.. New York Central ..... orfolk and Western .. . ¥., N. HL, and Hartford North American Pacific Ol) -.. Northern Pacific Packard Motor Car Pan. American Pet. Pennsylvania Phillips Pet. . == Plerce Arrow Motor Car Radio Corp, . Reading -- Rep. Iron and Steel -.. St. Louls and San Fran. Seaboard Air Line —. Sears Roebuck --.. Sinclair Con. Oil 2... Southern Pacific ... Southern Railway -.. Standard Oil, Cai Standard Oil sunna 38% 2 Se Stewart Warner ~. - 85% Studebaker .. 56% | Texas Co. - 51M Texas Gulf Sulphur a Texas and Pacific Tobacco Products Union Pacific -.. Cast Iron Pipe Ind Alcohol Rubber ... rd Baking = stinghouse Electric White Motor . Willys Overland ......... Woolworth Wvoming Oils Quotations by Blas Vucurevich, Broker 208 Consolidated Royalty Western Exploration = 2.25 Bldg. 2.50 Corisolidated Royalty 9.00 c Pipeline — 35 Williams 19% mer . stern. Stat 1 Kinney Coastal Columbine Jupiter Elkhorn . Domino Royalty Producers Sunset 20044 Pleardy . 201 Lusk Roy. OL Tom Bell 20214 | Buck Creek 18 Chappell -- 208 | McKinnie 13 Burke Oil 09 Riverton Pet. 2.75 | Argo Oil 4,00 Imperial .. Prairie Otl Mountain P; Salt Creek Mucers .. Continental ... New York Ot Salt Creek Cons, 8. O. Ind, Humbte Ohio OM Salt Creek, 36 to 36.9 gravity . 1.79 Salt Creek, 97 to $9.9 gravity . 1.87 feck Creek Big Muddy Elk Basin Cat Creek Lance Creek Grise Creek tight - 1.90 OATCYDUI . cc rerenenpeeereeeece 1.75 TOFCHHEH on seencsswcen co 1:15 Mule Creek -...... 1.25 Lander 2.70 wage - 2.15 SUNDUPEt snneneemceee -weceee 1:15 familton Dome ..-acce-eece- 1.06 Perris .....2-.--recenseeecccee 1.06 Byron . wenerenenccecee. = 1.30 Notches eae. | | Pilot Butte Litak Phove 1151. Tribune Want Ads Bring Results, which was lifted 3 points to a new high record at 63%. General Motors also was conspicuous in the early mon, selling 3 to 4 points higher. NEW YORK, Jan. 20.—()— Heavy lquidation of speculative ac- counts, presumably inspired by the decision of the federal reserve board and New York Stock Exchange au- thorities to make the amount of bro- kers' loans public, unsettled prices in today’s stock market. Merchan- dising shares were the hardest hit. 8. S. Kreske broke fifty points to 775, Sears Roebuck fell 4%, and Woolworth 3. Recessions of 1 to 3 points were culte common in the general ist with placing of support- ing orders by powerful financial In- terests acting as a brake on the de- ellne, Short covering and a tesump- tion of pool operations in indtvidual Issues brought intervals of strength. In the early afternoon, strong de- mand developed for Associated Oil, afternoon rally. Trading was in sub- stantially increased volume, total sales {n the first three hours running above 1,300,000 shares as against 910,000 in the same period yesterday. NEW YORK, Jan. 20.—()—Ap- prehension over the decision of fed- eral reserve and stock exchange au- ‘horities to publish official figures on brokers’ loans continued to exert a depressing influence* on stock orices at the opening of today’s mar- ket. Selling pressure wag exerted against most of the leading rails and industrials, with initial losses of a point or so registered by Chesapeake and Ohio, DuPont, Woolworth, Foun- ‘tation Company and Ludlum Steel. The general agreement of finan- cial leaders that official statistics on brokers borrowings would have a wholesome influence helped to allay speculative fears over this innova- tion, giving the market an oppor- tunity to recover its equilibrium. Short covering and outside pur- chases to replenish investment lines aided the rally, which however, did not get under way until a score or more influential shares had receded L to 2% points. As support ap- peared most of the early losses, par- Ucularly {n the motor group, were converted into gains and at the end of the first half hour, American Can, Baldwin, General Motors, Hud- son, U. 8. Rubber, American Smelt- ing and Atlantic Coast Line were selling one to two points above last night's closing. Pressed Steel Car broke almost 4 points and U. Ss. Steel fell back to 132 before it met support. steady $4.86, Although construction interests had the benefit of the effect on sen- timent of a reduction In the renewal rate for standing call loans from 4% to 4 per cent, they were unable to hold the market against a fresh out pouring of stocks. The strong rally which carried over two score Issues from one to four points alive yes- torday’s final prices. wes ser‘ously availed of for extensive realizing and short selling. Prices of many industrials and specialties went be- low thelr earlier low ievels, particu- larly the equipments. | Silver NEW YORK, Jan. 20.-(P)— Bar silver 67%c; Mexican dollars 51% Foreign exchanges opened with demand sterling at LONDON, Jan. 20—()—Rar + ver 31% pence per ouncé, Money 4 per cent. Butter and Eggs || CHICAGO., Jan. 20.—()—Butter unchanged; receipts 4,514 tube. Eggs, lower; receipts 8,914 cases; | Flour MINNEAPOLIS, Minn., Jan. 20 (#)—Flour 10¢ to 5c higher; fainily patents $9.75@9.80, | Shipments 27,891 barrels | Bran, $26.50. | | | Foreign Exchange | | NEW YORK, Jan, 20.—(#)—For elgn exchanges irregular; quotations in cents: | Great Britain demand 485 13-16;) cables 486% (0-day bills on banks 481 11 France demand 3.75; ca- bles 3.7514. Italy, demand 4.0314; ca- bles 4.03%. Demand, Belgium 4.54; Germany 23.80. Sugar NEW YORK, Jan, 20.—)—a con- tinued good Inquiry was reported to- day for refined sugar, with prices unchanged at $5.00 to $5.30 for fine granulated. ed Flax, DULUTH, Minn, Jan. 20.—@)— Close flax: January, $2.4%%; Feb- ruary, $2.44%%; March, $2.47; May, $2.49%4; July, $2.50, PAGE SEVEN Stocks and.Grains ARKETS Livestock Chicago Prices, CHICAGO, Jan, 20.4U. 8, Depart- ment of .A 1ture.)—Hogs—Re- celpts, 27,000 y; ‘mostly 15c to 25c lower than Tuesday’s average; early bulk and cholce 225 to 300 pound butche $11.70@11.90; bet- ter grades 160 to 180 pound weights, $12.25@12.40; practical top, $12.40 on 160 pounds; odd lots 140 to 150 pound selections up to $12.50; 190 to 210 pound weight, $12.00@12.20; bulk WHEAT VALUES. LOSE GROUND Weakness at Liverpool] and New Argentine Wheat Prove Bearish CHICAGO, Jan. 20— () —Al though good rallying power was shown by the wheat market today, sellers had the advantage the great- er part of the time, Snowfalls in Kan- packing sc $10.40@ 10, few de sirable killing pigs, heavy weight hogs, * medium, $11.65@12.15; lUght, $11.45 @12.40, Ught light, $11.25@14.50; packing sows, $10.20@10.80; slaugh- ter pigs, $ @12.75. Cattle—Receipts, 14,000; fed steers trade almost at a standstill; bids sharply lower; prospects 15¢ to. 25¢ off on practically all grades except- ing a meager supply of desirable rlings; bulk of quality and .con- dition to sell at $9.00@10.00 mostly; fairly active trade on lower grades of she stock; better grades, slow; bulls, about steady; vealers, steady to strong; outsiders upward to $15.0 packers, $14.50 downward. Sheep—Receipts, 18,000; fat lambs opening slow, lower; bulk e: to shippers upward to $15.40; light lambs held higher; Uberal per- centage of run strong weight lambs; fat sheep, steady; early sales of fat ewes, $5.50@9.00; feeding lambs, fairly active; several cars, $15.50. Denver Sales. D ER, Colo., Jan, 20.—(U. 8. Department of Agriculture.)}—Hogs —Receipts, 2,000; 15 loads direct to pacters; slow; early sales about 10c lower; choice 205 pound ‘oads, $12.0 trade delayed by car lot show auc- tion; grand champion sold at 70c per pound; grand champion car lot averaging 230 pounds sold at $18.00 per hundred; load 193 pound lights, $20.00 per hundred; other early loads in auction, $14.00 to $17.00, Cattle—Receipts, 1,900; calves, 100; most offerings feeder steers; beef steers, $9.00; fat heifers up to $8.75; others, $6.50 to $8.35; better grades cows, bid $6.50; few bulls, $5.00 to 5.25; fairly good vealers around $11.50; few loads feeder steers, $8.25 to $9.10, Sheep—Receipts, 1,800; grand champion car lot Iambs sold at $20.00; other loads, $14.00 to $14.50; Individual lambs, $14.00 to $16.25; in- dividual Iambs not for sale; reserve champion sold at $47.50, Shropshire breed. Prices at Kansas City KANSAS CITY, Jan, 20 Department of Agriculture)—Cattle, receipts 8,000; calves 1,500; slow, very Uttle done on fed steers; undertone, weak; choice 1,360-pound steers on shipper account, $10.25; bulk offer- ings eligible to sell at $8@9.50; she- stock, steady; fed heifers upward to $8.50; bulk butcher cows $4.75@6.25; bull, steady; beef bulls mostly $5.85 @6.25; Woloznas $5.50@5.75; veals and calves fully steady; practical veal top $11.30; stockers and feeders gull, weak to 25e lower; liberal sup- ply in second hand. Hogs, receipts 11,50 inostly 15c to 25c lower than ‘Liesday’s best prices; light lUghts Se to 36e lower; packer trade dull; a few sales lights and mediums fully ¢ lower; shipper top $12.30 on 190- pound averages; packer top, early $12; bulk desirable 180 to 225-pound weights $12@12.25; 130 to 160-pound weights $12.25@12.50; no strong weights sold; packing sows $10.50@ {U. 8. sh/pper mar. 11.75; st $8.75@9,25; stock pigs 10c tp Ihe higher, $12@1 ipts 4,000; Iambs very to 400 lower at best “held above $14.50; choice clippers $12.90; sheep weak to 1c lower; s $8.60; fed weth- ere $6 Omaha Quotations, OMAHA, Jan. 20.—(U, 8. Depart- ment of Agricnlture.)}—Hogs—Re- celpts, 23,000; mostly 150 to 25 lower; 300 to 350 pound butchers, $11.40@11,50; bulk 200 to 300 pound averages, $11.50@11.80; desirable 160 to 200"pound weights, $11.80@ 12,00:, majority 130 to 160 pound Weights, $1190@12.00; top of all weights 150 pounds down. $12.00 vacking unchanged; bullc, ‘ all sales, $11.40 Tuesday, $11.77; 8.500; fed steers . uneven, weak to : yearlings about steady; plain teers off most; bull early few loads upwar ta, $9.7 dium weights, $10.1! yearlings, she stock, slow, weak to 25¢ lower; better grades off most; and vealers, steady: stockers and feeders, steady; bulk butcher cows, $4.75@6.25; helfers, canners and cutters, bologna bulls, $5.75@ 5 heavy beef bulls, $6 00@6 15; practical veal top, $10.50; heavy calves, $7.50@8.50; stockers and feeders, $7,00@8.50; short feds, $9.25. SI eceipts, 9,500; lambs ‘pening 25¢ lower; bulk fed wool lambs, $14.25414.50: sheep and feed. ers generally steady; desirable weight fat ewes. $%.00@8.25; feeding lambs, $14.25@14 75 ——_—_—— | Grain Opinions | By Hill, Weaver and Company. J. 8 Bache and Company—Feel that sales of wheat are in order on all sharp bulges. Thomson McKinnon—It ts difficult to place faith in market advances now. * Hulburd Warren and Chandler — We are inclined to think the advance has about spent Itself. Jackson Brothers — Advantage should be taken on all breaks to buy wheat for the long pull. Harris Winthrop—Market wholly dependent upon domestic influences for further advance. ———— Drink Hillcrest Water. Phone 115) — Tritune Want Ads Bring Results. sag and Nebraska were a bearish in- fluence, but milling demand was fatr- ly good, and the world’s available supply showed a decrease with the total about 19,500,000 bushels under the aggregate a year ago. Wheat closed unsettled %- to 1%0 net lower, corn %c to %c off and oats %c to K@%e down. The closing was steady. Buying of southern and southwest railroads, coupled with a renewed demand for the olls, and specialties imparted a firmer tone to the market In the final hour, Frisco jumped almost 3 points on reports that important de. velopments might be forthcoming at today’s meeting of the executive committee and Atlantic Coast Line rebounded four points. Gains of four to five points also were recorded by Nash Motors, National Surety and Rossia Insurance. Total sales ap- proximated 2,000,000 shares, CHICAGO, Jan! 20.—()—Wheat NEW YORK BONDS values underwent an early setback today, owing more or less to talk current that the market had been rapidly working into a starined situation similar to that which pro- vailed on the last crop, Weakness of Liverpool quotations tended fur- ther to induce selling here and to depress prices. Reports were also at hand that the movement of new wheat in Argentina ts enlarging and that 18,000,000 bushels will be brought to the seaboard this month. Chicago opening figures, %c to 2%4c lower, May new $1.75% to $1.76% and July $1.52 to $1.52%, were fol- towed by some further decline. Corn and oats went lower with wheat. After opening at %c to "%e down, May 86%4c, corn continued to sag. Oats started %c to Yo off, May 45%c to 45%c. Later the market declined a little more. Downturns in hog values and in grain made the provision market weak, Open High Low Close Wheat— May, now 1.77% 1.75% 1.76% May, old_ é 1.74% July 1.51% 1.5234 Sept. 1.44% 1.44% Corn— May 8 July ---= 86% Sept. ---. .87% .88% 88% Oats— May - 45% 45% 45% July ~. AB% 45% 45% Rye— May" .. 1.10 1.09 1.09% July %§ 1.0915 1.08% 1.09 Lard— Jan, -.--15.25 15.27 15.10 15.12 May ----15.50 15.60 15.42 15.47 Ribs— Jan, 3 15.75 May -16.30 16.30 16.10 16.20 Bellies— Jan. - 1 17.15 17.15 16.87 1 May Cash Grains and Provisions. CHICAGO, Jan, 20.—(4)—Wheat —No. 1 hard, $1834 @1.844%; No. 3 hard, $1.77%. Corn—No. 3 mixed, 75%40; No. 4 yellow, 73@74%c. Oats—No. 4, white, 42% @43c. Rye—No, 2, $1.05%. Barley—65@78 Timothy seed—87.25@7.50. Clover seed—$27.50@3125. Lard—$15.25. Ribs—$16.00. Bellies—$16.87, 42@43%c; No. 3 2... ae | Metals | NEW YORK, Jan. —()—Cop. stendy; el , Spot and fu M@14%4o Tin, easy; spot and nearby, futures, $61.25, prices unchanged yi; spot, $9.25, Zine, ; East St. Louis spot, $8.40@8.45; futures, $8.25@8.40, Antimony, spot, $23.00@23.50. Poultry CHICAGO, Jan. 20.-() —Poultry alive steady; receipts 3 cars: fowls 24@26%c. Springs 27%4c. Turkeys at 350; roosters 20c; ducks 30@320; and Beese 20@23c. ‘Monkey Bills’ Get Adverse Report in Mississippi House JACKSON, Mins, Jan. 20.—(P) The education committee of the Mis issipp! house of representatives voted to report unfavorably on two anti-evolution measures befc the house. Formal! report was delayed In order to give the authors time in which to frame minority reports, One member of the committ ‘lared he was a fundamentalist and did not believe in dignifying evolu- tion by discussing tt. Oil Companies Fight New Law In Mex Courts MEXICO CITY, Jan, 20.—()—Sey- eral additional foreign oil companies have filed application for Injunctions againts the retroactivity provisions of the new petroleum law. Altogeth er there have been 68 applications NEW YORK, Jan. 19.—The follotlowing are today’ high, low and closing bids of bonds on the New York Stock Exchange and the total shares of each bond. (U. S Government bonds’ in doliars and thirty seconds of dollars) U.S BUNDS— (Sales in $1,000 High Low Close } Liberty 3s -1A Liberty Ist 2 100.8 100 100.4 Liberty 2nd 100 Le Liberty Ist 101 28 10 i Liberty 2d 100.28 100.19 f Liberty 3d 100.28 100.29 Liberty 4th 102.3 U. 8 Treasury, 4s. 4 103.4 1024 U. S, Treasury 445. 20 106.19 198.79 FOREIGN— Czechoslovak Republic 8s 195: Dom. of Canada 53 195. 9 104 103% 104 French Republic 7 1-38. 70 98% 98 98% Japanese Govt. 6-23 . 597 934 93% 93% Kingdom of Belgium 33 94 93% x Kingdom of Norway 6s 1944. 41 104% 104% 104% Rep. of Chile 8s 1941- State of Queensland 6s U. K. of G B, & L. 5% 1937. 7 105% 105 ouees DOMESTIC— Amer Smelting 5s----~ 29 Amer. Sugar 6s -. 17 Amer. Tel & Tel. 548 4 A. T & T. deb 5s 1960 100 Anaconda Cop. 78 193% --.-.-. 63 Anaconda Cop 6s 195 44 At. T. & San Fe. gen. 4 ae Balt. & Ohio cvt 4% 194 Rethiehem Steel con. 63. A 52 Canadian Pacific deb. 4s 14 Chic Burl, & Quincy rfg 58 A. vf} Chic, Mil, & St. P. evt. 4% 11 “53 Chile Copper 68 .. 31 107% Goodyear Tire, 88 1941.. 7 121% Great Northern 78, A- 28 111% Great Northern 5s. 10 98% ‘ Montana Power 68 A. 2 101 Northern Pacifié rfg. 6s B---.. 109% Northern Pac new 6s D-. Northern Pacific len 4s. 5 84% Pacific Gas & Elec 68. 3 98 ;? Penna R. R. gen. 4% 7 96% Sinclair Con. Ol! 68 1927_.........B 69 109% Southern Pac. cvt 48---.--------C 6 97% Union Pacific 1st 4s. 5 92% U. S, Rubber 63 -. E 136 93 Utah Power & Light 6s.----..--.F il 95% Western Union 6% -. Westinghouse .Blec. 7s-. 17 106% Wilson & Co., cvt. 6c.. Total sales of bonds today were $13,999,000, compared with $8,632, 000 previous day and $13,714,000 a year ago, WABKET GOSGI| Set sii By Hill, Weaver and Company. Livingston and Company—Shoulé 's Roebuck year ending Decem: 1, earned 87-on common. there be some unfavorable political development a great deal of Hquida tlon would be precipitated. Conse ° reser quently we are not yet willing t National Surety declared extra! javise the purchase of stocks. dividend. of two per cent for ending December 31, earned $21.95 share. ar J. 8. Bache and Company—Stand ard Gas appears to be one of th: cheapest public utilities on the list its earnings and outlook continue ellent and we understand intere close to the company favor a divi dent increase. Following similar action by the New York F al Reserve bank, the New York Stock ange will make public total borrowings on time and ~~. call as reported by {ts members. “3 STEIG LA Hornblower and Weeks—Bearist Fe eg cand Rubber com traders are not easily disheartene< bany negotiating for purchase of ES-| at this stage of the market and wi ith Hd icles q701000 erase 000 | (00K for weakness to again develoy ‘alee has HN lt eM ea later on in the week with price: spindles, approaching the lows of Saturday S NIGP Once these levels are approximated Berlln dispatch says Prussian mu-| wo expect a buying movement wil nicipalities desire American joan of commence that will rattle the short: $12,000,090 and that Bavariang seek : $5,000,000 fom, United States, and force covering which will gener eeprer' AS Pere ally furnish some excellent prof its. Will and Baumer Candle company | '“® rain declared regular quarterly dividend) py ncnon and Company—We do nol 25 cents on common, payable Febru- 5 Ree tteits staakt or rece belleve that underlying condition: WREerare: = gt the. have changed and would favor talc ERAS: fits i Senate finance committee agrees | '& Pro on all further) tallies: on corporation tax of 13% pi ait Rin _ “| There is a great deal of unemployet money awaiting investment, accord be n eres c Proctor and Gamble declared reg-| "Sto banking Interests and if so a high grade securities will be wel 4 ular quarterly dividend of $1.25 on “ FA bought on break: common payable February 15, to stock of January 25, Life Insurance companies in 1925 had total business of $15,600,000,000, a 16 per cent increase over 1 Price of Spuds Given Setback CHICAGO, Jan. 20— ges—20 industrials 153.81, off ; 20 rails 108.93, off 1.41; 40° bonds 93.43. off .01 —Potats s have suffered another relapse pr According to a report today by th: | government bu au of agricultura P conomics fresh developments tn the | otatoes Ll Vein ly ternating trend of potat« ea es will depend much heroeafte: CHICAGO, Jan. 20.—(/) —Potatoe ht OSC on the acreage and pro Trading just fair, tead juct of naw potatoes In the south recelpts, 63 cars; total United States| As yet, the official early advices a shipments, 544; 7 Canadian; Wiscon-| not indicate any ‘eat increase 0’ sin sacked round whtles, $3.75@4 00 plantings: \ mostly 85; . Minnesota sacked go potato prices have faller Tound whites, $3 65@3 Idahe 2 hundred pounds in the las: sacked russets, $4.00@4.30: orth Da week, and Celeveland reports large kota, Minnesota sacked Red River ntities of Ohlo grown potatoes 0 Milos. $4.40 holng used at relative cheap prices TT NOTICE 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 and 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 1, Weaver & Co. and make use of their superior service. BLAS WUCUREVICH BROKER Consolidated Royalty Bldg. * PTT USUOSUMSPAUEOASAGRUSLUGUU UTA made for jnjunctions thus far, Enna