Casper Daily Tribune Newspaper, January 22, 1926, Page 9

FRIDAY, JANUARY 22, 1926_ She Casper Daily Cribune z Tee 2 RIUM SE PAGE NINE DAILY Oil and Financial News OIL MERGERS NOT TO BOOST PRODUCTION Curtailment Rather Than Increase in Prospect Through Consolidations; Coast Pro- ducers Conserve Supply. By J. C. ROYLE, (Copyright; 2926, Casper Tribune.) NEW YORK, Jan, 22.—The re. cont mergers shd consolidations of huge oll companies have not meant inerease in prudiiction. That was made evident by reports from wide- ly separated oil districts today and by dispatches trom delegates to the American petrol-um institute meet. ing now being held in os Angeles, On the other hand, thés¢ mergers, for the time at least. will mean cur- tailment of ii flow. They simply mean that thé most far-sighted olf men have discovered that a dollar in protite, resulting from a reduction in costs, {s worth faz more than a dollar in profits, which comes from an kelces to the consumer. The lafger ofl companies had # profitable year in 1925 and they are lotermined to “>¥) a still more profitable period this year. With tat end in view, they are holding down Oo eat .nd expense. The big California, ol! companies ara husbanding resources oth in the fields and in the tanks, They are limiting productoin to a poi just sufficient to keep their organ- izations going and protect their Properties against rival drilling In the imm dinte neighborhood. Crida préduction has dropped steadily under this program since last Au- gust, when production was at ‘ts hig? point of C75,000 barrels a week. increa#é if Increasing Interest In Wool Trading Reported In Face of Light Sales BOSTON, Mass, Jan. 22.—(@— ‘The Commercial Bulletin tomorrow will say: “Interest in wool is evidently éx- panding, although the attual sales during the current week have not been heavy. Prices are well main- tained on’ gll descriptions and espe- clally 8 on meditim qualities. ‘The trade is waiting the opening of heavy welght goods with confidence in the future market. Little new is heard from the west this week, “Phe foreign primary markets have been generally firm, And par ticularly on the choleer wools, which show an upward tendency. London has declined of Merinoa to about parity with the primary market, and {s well maintained on the new ba. Mohair is quiet, but firm, “The rail and water shipments of wool froni Boston from January first, 1925, to Jahtinry 21, 1996, th- clubive, were 12,164,000 pounds against 12,769,000 pounds for the same period last year: The receipts from January first, 1925, to January 21, 1926, Inclusive, were 20,099,400 notinds against 25,610,800 pounds for the same period last year.” The Commercial Bulletin will ptb- lish the followifg Wool quotations tomorrow: Domestic: Ohio and Pennsylyania fleeces: Delaine, unwashed, 54@55e} % blood combing, 53@540; % blood combing, 54@55c; fine unwashed, 48e. Michigan and New York fleeces: Delaine, unwashed, 51@52¢; % blood sombing, 51@52c; % blood combing, 53@54c; % blood combing, 54@55c; tine unwashed, 46@4Te. Wisconsin, Missourl and average New England: Half blood. 48@49c; % blood, 49@50c; % blood, 50e. Commodity Trade News Steel. PITTSBURGH—Steel prices aré firm but not entirely satisfactory to producers in some lines. Orders for sheets have been rather lght. ‘vin plate mills are operatifig at a steady rate, plates are in better re- quest and bar prodticers have enough btidiness té keep them busy this month. Vegetables. EL CENTRO, Ca!.—Lettuce ship- ments from thé Imperial valley are now going to all parts of the United States. Climatic conditfons are re- sponsible for all the valley crops being ten days to two weeks earlier than Inst year. Lumber. NEW ORLEANS.=+Southern Pine association mills gained 38.3 per went in new business tn the past week, receiving orders for 74,600,000 feet, Production advanced 16.5 per cent to 72,500,000 feet: Unfilled or- dera total 270,000,000 feet. Livestock, FORT WORTH.—Ste¢r Calves fu- ture yearlings are selling as high ms $40 @ head in Glaasock courity. This is $7.50 a head over the top price obtained at this time last year. The general depression in the cattle indus‘ry in Texas ts be- lieved to have run its course. Coal: CONNELLSVILLE, Pa. = Coke production remains high with the market faitly active. Crushec e for domestic purposes is elling at $7 to $8 a ton. Furnace coke ia quéted at $5.25) t6 $5.75. Rubber. AKRON, 0.—'The tire pints he are operating at n higher rate than before the Ch-istmas holidays to meet detnands for spring delivertes. ‘The rubber companies also rerort larger sales of mechanical goods, rubber footwenr and heels than last year, Potatoes. PORTLAND, Ore.=Potats buying \ pHmary points hag fallen off, of- ing to failure of the spectilative {n- terests to gét conseming maryets up to a Pprofitabl: price Novel. Electrical Equipment. DERTOIT.=Meters {Installed by the Detrolt-Bdison compahy have increased in Detroit proper by 29,095 in the last year to a otal of 354,961. MARKET BOSSI By Hi, Weaver and Co, December bookings of steel cast- ings approximate $6,897 ton agninst 69,638 in November and 95,- in Decémber, 1926 Peoples Gas shareholders at the apnual meeting February 23 will vote on the jroposal to tnerease Stock to $60,000,000 from $50,000,000. National Power and Light de elared initial quarterly dividend, payable March 1 to stock of Fel tuary 18, which is equivalent to the $1.50 quarterly paid on old common before being split 15 for 1. International Harvester declared regulat 1% on preferred, Directors decided again high common divi- dend rate. On merger of Georgia Ruilwe a Power company with Southuas' ern Power, Georgia sbareholitet will recelve 163 shares cumiiative stock and one share no par common of Southeastern for each share of Georgia, Department of Commerce places December manufacture of autue in the United States and Canada at 285,108 pasonger cars and 84.270 tr ieks against 182,100 cars and ¥1,- 542 trucks in December, 1924) ronths, 3,817,638 vara and 496,998 trucks, against 9,262,764 cara and 377,844 trucks in 1924. Direvtors of St. Louis, San Fran elseo railway will hold special meet ing at 4 pum. when it 16 expccted important announcement of a new consolidation plan will be an. notnced. Avernges: 20 imduatrinly ¢ 44,5. .188,20 off 184 2. rails 1108.26 off .86 40 bonds .. + 93.76 off 23 (New high) a DETROIT—Ths Michigan securi- tles commission has sent a formal protest to the interstate commert# commission against reopening the fate case affecting coal shipments oO Great Lakes ports and aske the commission to leave differentials Protecting upper lake consumers ps they are. . PHILADELPHIA~—Arrangements have been made whereby the Bull ling of steamers will put a steamer or the berth for direct londing to and from the west coast of Afriéa. This will give Philadetphia a total of six direct sailings a yeat foi the African coast. BOSTON —T'e department of labor and industries of Massachu- otts has Voted to fortn wage boards to recommend new minimum wage rates for women engaged In man .- facture of jewelry. toys, gnainés, sporting goods and related Iihes, a Butter and Eggs CHICAGO, Jan, 28.—(/)—Butter, Aigher; receipts 8,554 tubs; creamery extras 43%; etahdards 480; extra Cirsts 42@42\%o; firsts 41@41%oi seconds B8@ANK%c. Megs, hither; re. colpts #,729 cases: firsts 3514¢; ordi. nary firsts 32@3%c. . Poultry CHICAGO, Jan. 22—)—Poultry, Alive, eany; receipts three cars; fowls 24@26%c: springs 8c; turkeys abc; roosters 200; ducks 90@P3fe; geese 20220, * tn SS eS te es! ia tes ee et ee SE 2 el Allis Chemical and Dye ... American Can soe American Gar and Foundry ._ American Locomotive American Amer! Sm, and Ref, — n Sugar 3 2 American Tel and Tél. =. American Tobacéd®.. American Woolen — Anaconda Copper Armour of Ill, “B’ Atchigon Atl. Coast Line Baldwin Locomotive Baltimofe and Ohio thiehem Steel California Pet, Canadian Pacific Central Leather pfd. .. Cetto dé Pasco . Chandler Motor <2-2::. Chesapeake and Ohfo .. Chicago and Northwestern Chicago Mil. and St. Paul pfd. BBM 48 18% 18% Chicago R. I. and Pacific 57% Chile Copper - 33 Chrysler Corp. = 47 Coca Cola <= 146% Colorado Fuel 34% Consolidated Gas 98% Corn Products 40% Cruclble Steet 18% Cuba Cafie Sugar pfd. <<. 45% Dodge Brothers “A” 42% Du Pont de Nemours 220% Electric Power and Light etfs. 30% Erfe Railroad 35 Famous Players —. 105% Fisk Rubber 23% Founadtion Co, =... 178 General Asphalt 65% General Electric < 334 General Motors — 117% Great Northern Iron Ore étfs. 25% Great Northern pfd. =. Guit States Stee! 4 Hudeon Motors —<. Tlinois Central Indepenilént O, and G, Int. Combustion Eng, Int: Harvester = Int. Mer. Marine pfd. «: Int. Nickel — Kennecott Copper <. Lehigh Valley -. Louisville and Nashville Hack Triiek X. R. Marland Ott Mid-Continent Pet. -. Mo., Kan. and Texas Missouri Pacific pfd. =. Montgomery Ward =. Nat. Lead New York Central — ae N. YN. H. and Hartford Norfolk and Western . North American North Pacific Paeifie Ol Pan Am. Pet. Pennsylvania — Phillips Pet. Pierce Arrow Motor Car Radio Corp. Reading = Rep. Iron and Steel St. Louls and San Fran. Seaboard Air Line ---.----... 44% Sears Roebuck Sinclair Con Ol 2... Southern Pacific ==: Southern Railway -.-2-.. Standard Ol, Cal. Standard Ol, N. J, Stewart Warner =. Studebaker "Texas Co. ‘Texas Guilt 221% 21% Tobacco Products Union Pacific United Cigar Stores U. 8. Cast Iron Pipe . U. 8. Thd Alcohol . 8. Rubber U. 8. Steet s Wabash Railway Ward Baking “‘B” i 81% Weatinghoiire Electric .2-. White Motor -...-. Willys Ovetland Woolworth ne SS | Wvoming Oils Quotations by Blas Viicurevich, Broker 208 Consolidated Royalty Bldg Westerh Expldration — 2.50 Consolidated Royalty — 9.25 cr “ 2.65 9.75 80 ntral Pipeline <. T. Williams Bessemer 2: Western States Kinhey Coastal . Columbine Jupiter Elkhorn Domino Royalty Producers Sunset Picardy Lusk Royalty Tom Bell --.. Buék Creek Chappell MeKitinie Rurke On . Tiverton Pet: < Prairle Oi Mountaih Producers Salt Creek Producers . Continental New York Oll Salt Creek Coné, sscscss. 8. 0. Ind. . Humble Ohio Olt ou Crude Market BY HILL- WEAVER & 00. Salt Creek, 36 to 26.9 gravity . Salt Creek, 87 to 89.9 gravity . Rock Creek 10 -sacsessecs: Big Muddy ~..ss.sses. Bik Basin ssecsrscensscsccsoce OWE Creek -.cscccsserrecsciase Laned Creek --srenceaesnccoee ‘devas Creel tight .sssssncn. CTPOYDUN oa sen cen eemenscmesemen Torehlight MulO Creelt secccsnnncwresassee Lander VANKO -- 0-2 -- wenn wenn weceee SUNDUTSt sodewnmeesas -sueens familton DOM@ sscceeseneeue- FOPTIN nesenaeepeeneewennnse Byron Notehes Pilot Butte sso... ee cecmeeemmecases we Meee cenansneresseaecee Drink Hillerest Water, Ptone 115) TRIBUNE TOCK RALLY CHECKS SLUMP ~ » Prices Swing Upward After Early Downturn on Got- ham Exchange NEW YORK, Jah. 22.—)—Rack- ing and filling moverients character. ized today’s stock triarket, which agaih was under the domination of Professional traders. Reports that a resumption of atithracite peace hégoliations Was possible brovght a number of buying orders into the Shares of hard coal carrying rail- toads, Several of which advanced 2 to 6 points. Further strength de- veloped if Frisco eotimon on rumors of “surprising developments” at. to- day's meeting of directors, Special buying was apparent in such issues as American Can, Fidelty-Phoenix Instirance and Sayage,;Arms, which advaticed 2% to 8% points. Weak- néss cropped olit, howfvéer, ih United Fruit and Wederal Mining and Smelting sotimon, each of which sold 4 points below yester- day's final quétations. Money rated continued felatively easy, but there was a markéd absénce of pbblle participation which was attribiited In part by somp brokers to the fact that the unusually heavy financing sitise thé first of the year Had ab: sorbed a large portion of the sur- plus funds ordinarily available for stock market pufposés at this time of the year. THE closing was strong, despite uncertainty over the status of an: thracite Strike negotiations. Coalers maifitdined most of their ghing a8 the buying moyement broadened in the final hour. United States steel rebounded to 134%, and brisk bid- Ting for the pil shares was started by a flood of, néw merger reports. The first sale of Kresge this year took place at 645, a gain of more than 100 points over last year's final figure. Other merehandising issues including Woblworth and Sears Roe- buck also were strong. Total sales approximated 1,500,000 shares. NEW YORK, Jan. 22.—)—Re- nevi of selling pressure imparted a reactionary tone to stock prices at the opening of today's stock rm ket. Raila were again offered free- ly, presumably becausé car load’ngs in thé first full week of January showed a substantial decreasé below those of the .orresponding weer last vear. Jersey Central, which broxe 10 points yusterday on one sale, opened 5 points higher and Phila= delphia and Reading and Iron showed an Initial gain of 1 point, <nited States Gteel sagged to 131%, 4 new low on the current movement, Treding appeared to be largely of a professiona’ character, National Power and Light, which was listed yesterday, drophed 3% points to 32, and Remington Typéwriter, Sears Roebuck, Stewart Warner and United States Cast Iron Pipé sold off a point or moré. Supporting or- ders again made their appearance and Another rally, led by Unitea Sthtés Stee: common, which snapped back to 132%. was under way be: core the end of the first half hotir. National Biseult, which sold off a point at the opening to 82, Fr lsd te 85, a new high record: Friscd common advanced 1% and Marine preferred. American Can, Allied Chemival, United States Rubber, General Electric and Savage Arms vivanced & point or so. Forefgn ex. changes opened steady, demand ster- Ung ruling around $4.84% arid French francs at 8.74 cents. Coalers moved up fast of the an- nouincement of the acceptatice by President Lewls of the miners of the plan proposed sby the Scranton Times for # settlement of the coal strike. Delaware and Hudson ad- vanced 4; LackaWanna 4%; Philadel- phia and Reading Coal and Tron 314; Lehigh Valley 3; and Ontario and Western 2%. Other failronds also sirengthened notably, particularly the southebn cafriers, Atlahtic Coast Line gaining 3% and Louisville and Nashville 2 points, Specialties also turned sirong, DuPont, Genctal Electric, U; 8. Industrial Aleohol, U. S. Distributing and International Teléphone and Télegraph Hsing 2 to 2%. Some sellitig of the motors crop ped out later expecially it Hudson and Chr; I loans renewed at 4 per cent. Stock Opinions By Hill, Weaver and Company. Block Malonéy—There is still some Weak long position {n the market and we would not be surprised to see lower prices for sumé of the Spectilative jasiiee, J. & Bache and Company—Again stiggest purchase of the following of any reaction Foundation, Norfolk and Western, Texas Gulf Stilphury and Delaware and Hudson, Hornblower and Weeks=Do rot betoms #0 optimistic and get over extended, Vigorous bidding for stocks by shorts often gives false appearance of strength. We doubt if this was the cause in National Biseult, which registered a new high for all times. This kind of buying shows that high hope is still in the ; market Pynclion atid Company—This is a discriminating market and only those stocks which have shown most strength during the last few days should bé bought on weak spots, frenrternrro wench Sugar NEW YORK, Jan, 22.—The domes- tle demand for refined sugar today was Ught with prices ranging from $5.20 to $5.30 for fine granulated. Oho refiner previously quoting $5.00 has temporarily withdrawn, Sugar futures closed steady. Ap proximate rales 29,000 tons. il Silver NEW YORK, Jan, 22.—(%=Rar silver 67%c; Mexican dolinre 51\%c. Stocks and Grains MARKETS Chicago Prices. CHICAGO, Jan, 22.—=(U. 8. De: partment of Agriculture) — Hogs — Receipts 25,000; fairly active, mostly 25c higher than Thursday's best prices, underweight advanced 25¢ to shipping demand urgent; big rs doing little, bulk good and 160 to 190 pound averages at @12.75; 140 to 160 pound selec- largely $12.80@18; top 130 8; 160 pounds up $12.76; to 310 pound buteh- ; majority packing 25 heavyweight fiogs $11.75@ medium $11.90@12.50; light at s11.70@ ; Ught ght $11.50@18; packing sows $10.80@11.25; slaghter pigs $13@13.2 Cattle—3,000; beef steers and she stock generally steady; quality plain; most fat steers $ 1@9.50; best long yearlings $10. stockers and feed. tions pounds up $. buik better $10.75 @ ers fi steady, bully steady to weak; vealers 26¢ to 506 lowéf; mostly 50c off; bulk $12@13 to pati ers; few $18.50; outsiders upward to $14 Tor add) lots. Sheep—s,000; all classes opening sround steady, several doubles of choice fat inmbs to slippers $15.25; vholee feeding lambs $15.25; odd lots fat elves $8.50@9. Omaha Quotations. OMAHA, Nebr., Jan. ent of Agriculture.)—Hoga 7,000; mostly 25e to 36¢ higher; good and choice 200 to 800 pound butchers, $11.90@12.25; de sirablé 160 to 200 pound lights, 12.35; top, $12.40 of 160 1s up; odd lots 140 to 158 pound selections, $12.26@12.35; packing $10.75 11.00; bulk of all sales, ; avertige cost Thuré- 75; welght, 292, Cattle—Receipts 1,000; fed stéers and yetrinig#, scarée; few loads, $8.00@9.00; strong; she stocks, slow, about steady; bulls, 18 to 25¢ lower; veals, steady, stockers and feeders, nominally steady; bulk butcher cows, $5.50@6.00; heifers, $6.50@7.50; can- hers and clitters, $3.75@4.40; bologna bulls, $5.00@5.40; beef bulls, $5.50@ 5.75; practical veal top, $10.50, Sheep — Receipts, 2,500; lambs, stendy to strong; fed wool lamba, 92 to 95 pounds, $14.10; ho choice light lambs on offer; 91 pound clipped lambs, $12.25; other classes steady; fat ev $7.75@8.25; six loads of ewe culléd feeding lambs averaging 77 pounds, $14.65, Denver Market DENVER, Colo., Jan, 22.—(U, 8. Department of Agriculture).—Hogs, receipts 390; two loads direct to packers; fully © higher; extreme top $12.85 for several small lots; one load around 200 pound, $12.80; drive. ins mostly $12@12.25; packing. sows fully steady; one lodd thin foughs $9.75; other sows $1010.25; butcher kind $11.50, Cattle, receipts 150; calves 50; very little on sale; quotably steady; few vealers $10@12; one load 1,175. bound feeder steers $8.50. Sheep, receipts 2,800; inostly billed through; market strong; two londs §2-pound fat lambs $19.50 flat. Prices at Karas City. KASAS CITY, Jan. 23.—(U. 8, De- partment of Agriculture\—Cattle — 500; calves 100; fed steers and year. lings scarce, steady; top medium Welghts $9.50; few other loads at $8.15 @8.25, Largely t cleantip trade on Shé Stock; heavy heifers 37.25@ 7.5 vealers and éalves stendy, Stockérs and feeders slow at week's decline, Hogs 1,500: active, mostly 15¢ to 250 higher than Thursday best prices; liglits around steady; shippér top $12.45 on 190 potind avérages; packér top $12.80; bulk of sales at $11,90@12.35; good to choice 190 to 500 poutide si2@ ; Sorted 180 to 160 potihds up to $12.50; packing sows $10.75@11,50; stags $8.55@9 25. pi: pigs steady, mostly $12.25 Sheep—1,000; few weélght¥ jambs at $1318.50; about steady; best of. fered $13.50; sheep nominally steady, —— Potatoes CHICAGO, Jun, toes, receipts 67 cata: States shipme dian; trading at count of weather: ufichanged; ho .—PI—Pota total Unitea 474 cars; 25 Cana itandstil! on ae. market néminally quotations, Flour MINNBAPOLIS, Minn., Jan. 23.— —Flour 10c¢ to 15: fanilly Patents $5.60@9.10 a barrel. Ship. ments 4,688 Sarrels. Bran $26.50, eg Grain Opinions By Will, Weaver and Company. Hulburd Warren—We think it bet ter to trade th wheat. Sell on ral lies. Jackson Brothera—Looka lke a Professional scalping affair pending new developments, Buyers in corn inclined to hold off suggesting a dragging affair Bartlett Frazior—Belleve ultimate ly market will recover and sell at higher levels, Underiying altuation in corn is strengthening. Steih Alstrin Company—Report of hesitation and relative weakness {« likely to be present. | Thompson McKinnon—=Little has come when something other that theories must be heard to sustain Values, Burden of coarse grain mar. kets must be lehtened. | Foreign Exchange NEW YORK, Jat, 22.—C—ror- eign exchanges steady, Quotations in cents: Great Britain, demand, 485%; cables, 486 416; 60 day bills on banks, 481 7-16, France, demand, 8.74%: cables, 8%, “Italy, demand, 4.08%; cables, 4.01, Demand: Bek sium, 4 Germany, 23,80, WHEAT PRICES BREAK onARPLY Statement of Trade Author- ity Used by Bears to Ham- mer Market CHICAGO, Jan. AP) —With numerous piling in the wheat mar- ket today to sell out and stop fosse8 and with but Little important buying apparent except from pre- vious spetulative sellers, wheat showed weakness throughout the greater part of the board of trade session. World shipments for the week were larger, including Argen- tine shipments 1,000,000 buslicts In excess of the producing wofld’s total. Corn developed stubbornriess, an upturn in hog values ving ton- siderable effect. Wheat closed utsettied, 1% to i%e net lower, Corti Ko to %e up, and Oats Virtually unchafiged. CHICAGO, Jan. 22—()—Heavy Belling pressure which developed on an early upturn tn the wheat mar- ket today led to a sharp break in prices. The increased selling was associated with an opinion from a trade authority here that wheat val- ues in the United States would have to undergo a substantial decline be- fore there would be mérit on the buying side. He called attention es: pecially to wheat shipments backing up in Canada not only at terminals, but at country poitts as’ well, and hé also gave emphasis t6 reports of unexpected shipments from Germany and Russia. The Opening, unchanged to lower, May, new, $1.72 to $1.7 and July $1.49% to $1.50, was fol- lowed by a fractional advance and then by a stildeh reaction that car- tied May down to %1.69%, and July to $1.48. Corn and oats were easily influ- enced by wheat. After opening at Se off to %e up, May 83\c to 831gc, thé corn market scored alight gains and then underwent a sig. Oats started at tec decline to an equal advance, May 44%¢ to 44%c. Later all months showed some loss. Higher quotations on hdgs gave a lift to the provision market. Wheat— Open High Low Close May, new 1.72% 1.73% 1.69% 1.11% May, old. 1.70% 1.71% 1.67% 1.69% 1.49% 1.50% 147% 148% Me 141% 1.42 11.89% 1.403% 83% 83% «84 85% 18614 864% 87% 87% B78 44% 44% 44 44H 45% AM 45 1.06% 1.05 1.0545 1.06 1.04% 1.05 1.01 1.00% 1.02 15,32 15.07 16.40 16.87 15.45 15.45 Ribs— Jan, May - Bellies— 16.05 17.10 17.00 Cash Grains and Provisions, CHICAGO, Jan, 22,—Wheat—No sales reported, tti—No. 4 mixed, 12@73%c; No. 3 yellow, 76i%c. Oats—No. 2 white, 42@42%c; No. white, 4116 @42%e, Rye—No. 2, $1.01@1.01\. Barley=85@78e. Timothy seed—$7.00@ Clover | Sebd—$27.25 31.25 Lard—$15'10. Ribs—$16.00 Bellies—$16,87. 3 | Metals NEW YORK, Jan. 22.—()—Cap ber dull, Electrolytic spot and fu- tures 14@14%4c. Tin firm, spot and nearby $62.50; futures $62. Iron is steady, prices utichanged. Lead, Steady, apot $9.25. Zine, envy: St. Louis, spot $8.80; future to $8.25, Antimony spot $2 eet — | __Oil Summary By Hill, Weaver and Company, Standard Oli of Ne Jersey pletes 10,000 barrel well In Pac heavy oll area of México, mea says Standard Oli of Calle fornia expected to sell Its holdings of Asrociated Ol! to a syndicate which probably will offer ther to the public. Olldom a com t new fields Coast, especially Spindle Top, and Boling dome may ‘ineréags output 20,000 barrel dally within next fow months, Officially eittc mere Tulsa Ganoline maritet 9%6 to 106 generally dull. (eemeadnee we teen Cotton YORK, Jah. 22.—Cotton middling, $20.86, Episcopalians Join Fight On Birth Control NEW YORK, Jan, 22.—)—The Episcopal church has taken A stand with the Roman Catholle ehurch against the dissemination of birth control Information, The National Lutheran ¢ounett, however, has refused to “meddle in birth control matters,” holding that It Is out of the church's province, “he decisions followed recetpt of duplicate letters from Rev, fohn J. Burke, C. 8. B., general seeretary o* the Nati»nal Catholle Welfare eunct!, in whieh he stated the church must be rendy to fleht lepine Intion that would be propowed tn the present Congrees. of quit denied that nd Oil will Texas figure in an Pa. oll NEW spot quiet NEW YORK BONDS i] NEW Y° Jan 21.—The following are today's high, low and elosing bids of bonds on the New York Stock xchange and the total share# of each bond. (WU. S. Government bonds tn dollars and thirty-seconda of dollare) U.S. BONDS— (Sales tn 81,000 High Low oe® Liberty 101 100.8 100.1 3 Liberty Liberty Liberty Ist 4% +-..+.s2.-B Liberty 2d 4%a- Liberty Liberty 4th 44s 0. 8. Treasury 4: U. 8. Treasury 4\s. FORBIGN— Czechoslovak Republic 83 Dom, of Canada 63 195..-. French Republic 7 1-38... Japanese Govt. 6-28 .. Kingdom of Belgium Kingdom of Norway 65 1944. Rep. of Chile 8s 1941.. State of Queensiand 6s U. K. of G. B. & L. 6% 1937. DOMESTIC— Amer Smelting 5s. Amer. Stipar 63 1962... A. T. & T, deb. Bs 1960-. Anaconda Cop. 74 1998 — Anaconda Cop. 6s 1953. At. T. & San fe, gen. Balt. & Ohio,cvt. 4%4s_. Bethlehem Steel con. 63, A... Canadian Pacific deb. 4s_. Chic. Burl. & Quincy rfg. 58 A_.. Chic, Mil. & St. P, evt. 4%s_. Chile Copper 68 ..-. Goodyear Tire, 88 1941 Great Northern 7s, A. Great Northern 6s. esses Montana Power 6s <Q Northern Pacific cfg. 6s B....R 15 Northern Pac new 68 D......8 Northern Pacific Wen 4s..-...-.T 5 Pacific Gas & Elec. 6s. Penna R. R. gen. 4%s_ Sinclair Con, Ol! 69 1927. nn wo nnnnee--U oo 1 5 ---B 104% 98% Southern Pac. cvt. 48..2s22-----.C 51 Union Pacific tst 4s-..---....-D 2 GU. 8S. Rubber 68 -..-..2ccs eB 218 Otah Power & Light 5s.-..0F 13 96% Western Union 6%s ~. Westinghouse Blec. 7a.. 23 106% 108 10614 Wilsin & Coy cvt 6c-s--s-s-nse1 Total sales of bonds today were 714,838,000, computed With $l1- 900 previous day ~-d $16,492,000 a year ago. ORDINANCE NO. 528 An_ Ordinance Relating to, and STAIKE PEACE HOPES BLASTED (Continued From Page One) ed as an alternative for arbitration. “The mine workers’ representa tives consider your sugeéstions as being constrictive in natura and worthy of mature considerations by both sides in conference. We there fore, advise that we aré willing to re-enter jolt negotiations at the earlies possible moment if the oper- ators’ representatives occupy the same viewpoint. “The mine workers believe that one of the fundmental evils of the anthracite industry is the utter de- struction of confidence and govd twill between the anthracite operators and thelr employes, We have in tnihd cértain suggestions to make to the operators in conference which we believe will be largely tnstruméntal In establishing a better relationship and a greater degree of co-operation and efficiency throughout the re gion,” Money NEW YORK, Jai. 22.—CP)—catl moriéy steady; high low 4; ruling rate 4; closing bid 4; offered at 4%: last loan 4; call loafis against accept ances 8%; time loans easier; mixed collateral 60-90 days 4 4-6 months 4%; prime meérenntile paper 44 @ 1%, —_——. Flax, DULUTH, Minn, Jan, 22—m— lose, flix, Jantiaty -$2.98%; Febru ary $2.87; Ma May $2.4144; July $2414, —— ORDINANCE NO. 527 An Ordinanee Amending and Re- Enacting Section Number One of Ordinance Number 477-A, Entitled “An Ordine Ratab. lishing and Creatir Police Department of the City of Cas per, Wyoming, Describing the Duties of the Members Thereof, and the Regilations Governing Said Department Be it Ordained by the Mayor end City Coutiell of the City of Cas. per, Wyoming: That Section One of Ordinance Number 477-A be amended and re. enacted to read as follows Section 1. CREATION. There is hereby established and created | fin executive department of the Municipal Government of the City | of Casper, Wyoming, which shail be known as the Police Depart- ment, and shall embrace the Cit Marshal, who shall be known as the Chief of Police, Deputy Chief of Police : Police Captain, Police Officers, Special Police,’ Pol Matron, and stich other empl as may be required and authorized from time to time by the Mayor and City Council, or a8 otherwise provided herein. For the purpose of this Ordinan the words “City Matshal” and Chief of Police shall be considered to be synonymous terms. The word “Policeman” shall be held to jnelide all pollee officers other than Chief of Po- lice, Deputy Chief of Police and Police Captain, etion b 2. All ordinances or parts of ordinances in conflict herewith are hereby repealed, Section 8. Whereas, an emor- gency exists, such Is hereby declar ed to be the case, this ordinance | shall take ffect and be in full force from and after the date of its passage and publication Passed, adopted, and approved this 2ist day of January, A. D. 1926, T J SCOTT. Attest: Mayor. H, WH, PRICE Fixing the Salaries of the Blect~ iyé and eros Officers of the City of Casper, Wyoming. Be it Ordained by the Mayor and City Council of the City 6f Cas- per, Wyoming: Section 1. The salaries of the elective and appointive officers of the City of Casper, Wyoming, shall be not exceeding the follow- itig Sums per annum, to be paid by said City of Casper, semi-monthly: Mayor -- $1,000.00 Each councilman $5.00 for actual attendance at 2:7 each regular or special meeting of the City Council, or attendance upon any committee meeting. Ce) 2,400.00 City Attorney 4,800.00 City Clerk. __ - 2,400.00 City Water Commis- sioner —-..._._ 8,000.00 Gity Chief of Police 8,000.00 City Deputy Chief of Po- UGG, (shessecc pene s 2,400.00 City Genre of Police. 2,100.00 Each City Policeman_.. 1,926.00 Each Special City Poliee man . "3 1,740.00 Each Police Magistrate. 1,200.00 City Engin 4,200.00 City, Electrician . 2,400.00 Chief of City partment ._- 2,100.00 Park Commis 2,400.00 Street Commis- sioner 3,900.00 ; Sexton, City mete 1,800.00 ay, Welfare Worker 1,200.00 ection 2, All ordinances or parts of ordinances in conflict herewith are hereby repealed. Section 3. Whereas, an emer gency exists, such is hereby de- clated to be the case, this or nance shall take effeet and be in full force and effect from and af. ter the date of its passage and publication | Passed, adopted and approved day of January, A. D 5. 7 SCOTT | TH. PRICE | City Clert | Publish January 22, 192¢ | ate > Tha Tribune You Ate thvited to Atte First Formal Showin || Pontiac—Monday Evening |] 7:00 to 9.00 P. Mt | 438 E. Yellowstone { January 25 There Should Be Good Lumber There is an unwritten law! in | Tor Every Building | building that eays for every]! |house, garage or what wot }good lumber should be sp¢ | fied A size and grade for ey jery job—and ability to | stand the hardest wear. with- Let Us Give You Estimates | Western Lumber Co. City Clerk Publish Janusry 22, 19 300 N. Center Phone 765 i