Casper Daily Tribune Newspaper, January 24, 1926, Page 29

SUNDAY, JANUARY 24, 1926 TRIBUNE WHEAT COMES BACK AFTER EARLY SLUMP Enlarged Shipments from Sub-Tropical Region Depresses Quotations but Increased Mill Demand Partly Offsets Losses CHICAGO, Jan. 23.—(By the Aw a fair decr e in the United States’ sociated Pre3s)—Enlarged chip.| visible supply total on Monday ator,| "elped to offset more o: he from south of the equator,| "° re or less the ments price declines which had been wit- together with a halt in export busi, nessed early in the day. Late mes- ness from North America, brought| sages from the seaboard said for. speculative buying of wheat nearly | eigners were asking for offers of to a standstill here today. As a re-| whoat, but no sales were reported. sult, wheat prices gave y 2% Corn and s showed stubborn cents a bushel, but subsequently} resistance to selling pressure, and rallied. Closing quotations on} held within narrow limits. wheat were unsettled, %c to %Kc net lower, May (new), $1.70% to $1.70%, and Jul. $1.48 to $1.43% Corn finished %c to %c off; oats a shade to 4c down, and provisions unchanged to a decline of 12 cexts, Profit taking sales. eased down the provision market after an advance due to higher quotations on hogs. CHICA , Jan Open —P)— Low Close At first the wheat market here} WHEAT: displayed notable steadiness, and | May, new-1.71% 697% 1.70% trading was of a week-end sort, 69% 168% chiefly to adjust open accounts. 48% 1 dually, however, liquidating 40% “i sales on the part of holders de- veloped, and with buyers scarce and some increase looked for in the amount of wheat on ocean passage a sudden drop in values took place, May going below $1.70. At this juncture, though, indications pointed to quickening of mill demand for immediate delivery wheat, especial- ly in St. Louis and something of an upward swing of the market here followed. Premiums of 20% a bushel, the highest yet this season, were r ported to have been paid at 8! Louls for No, 2 red wheat to be de- livered at once. These premiums were based on the current price of May delivery. In addition to the firmness thus shown, Mkelihood of S46 964% - 17,00 INDUSTRIALS REVEAL BUOYANCY ON BOARD Sharp Reduction in Brokers Loans Exercises ; Bullish Influence; Frisco and Rock Island Sag on Merger Talk 7 ; gains on the day were American sTOCK MARKET AVERAGES || Can, Dupont, General Hlectric, Date 20 Industrials 20 Rails Sears-Roebuck, United States Cast Saturday 140.98 112.89 | | Iron, Westinghouse Air Brake and Friday - 140,29 113.26 Woolworth, Week ago - 140,72 113,66 Demand for the oil, shares was Year ago 122.43 102.49 | | stimulated by rumors of new mer- High, 1926 143.62 117.89 | | gers and expectations of an early in- Low, 1926 - 139.42 112.08 crease in mid-continent crude prices. Total stock sales 784,700 Atlantic Gulf and West Indies, shares. Houston, Indian Refining, Marland, «kelly, Sun and Tidewater all closed a pbint or more higher, Merchan- dising issues were in better demand as a result of the optimistic tone of the weekly mercantile reports. Trading in the rails was restricted by the heaviness of the latest merger stocks. Frisco common clased 1% lower at 99, after selling at 9814, and Rock Island common showed a net loss of 1% at 55%, after fluctuating between 58, the opening price, and 55%. Deleware & Hudson broke nearly 4 points in r flection of spec: ulative disappointment over the failure of the latest efforts to bring about q resumption of anthracite NEW YORK, Jan. 23.—(?)— Bouyancy of the high priced indus- trials, several of which advanced 2 to nearly 5 points, and the heayi- ness of the common stocks of the Rock Island and Frisco ralroads, fol- lowing the announcement of a plan to merger those two properties, were the contrasting features of today's stock market. Prices in general pointed upward with trading in moderate yolume, the day's sales totalling 734,700 shares, #4 The shurp reduction in brokers oans during the last two weeks, ‘hich undoubtedly was accelerated the decision of the Federal re-} mining. Atchison & WNorfoll: and “Serve and New York stock exchange ; Western showed independent uthorities to make them public and | strength. Foreign exchanges moved within rather narrow and trregular limits with trading quiet. Deman* ster- ling ruled around $4.85%, and French francs just below 3.75 cents. Japanese yen were unchanged. 44% cents, The weekly clearing house statement showed strong reserve position, excess reserve total $: 121,930, an increase of $911 370 above that of last week. Aggreaate reserve was $624.813,000. The de- tailed statement showed decreases of $56,621,600 In loans, discounts and investments; $3,058,000 In reserve In Federal Reserye bank of member banks; $32,397,000 in net demand de posits, and $4,810,000 in time de- posits, Cash in own valuts showed 2 gain of $1,308,000 he easing of time money rates, had x bullish efect on spequiative sentl- ment. United States Steel common was again heavily bought in the hope that directors would adopt a more liberal dividend polley at next ‘Tuesday's meeting. The commodity markets were mixed. Cotton rallied $1.50 to $2 a bale on short covering, following the publication of the government's ginning report, but lost most of the gain on profit-taking, closing: quota- tions disclosing net gains of 11 to 17 points. Active wheat futures closed less than a cent lower. The sugar and coffee markets displayed a firm undertone, Among the so-called industrials” to show “rich men's substantial * Purchase of Sinclair Companies by Standard of Indiana Unconfirmed Standard Oil company of Indiana has completed negotiations for the purchase of the Sinclair Oll MEporation’s half interest in the Sin- lair “Pipeline company and the Sin lair Crude Oil purchasing company The Indiana company is already the pwner of the other half interest in he two concerns, it is said, _Con- itirmation or denial of the rumor Mhad not deen Issued Inst night by ompanies involved Both the Sinclair Crude Ol! Pur: hasing company and the Sinclalr BPipeline company are operators in 000 barrels output daily from its wells in the Lake Maracaibo dls- trict in Veneguela. With plpe ling terminals on the gulf coast, off from Venezuela and Mexico eduld be transported to all the Indiana plants and the tanks of the Sinclair Crude Oil Purchasing company util ized {n storage of this oll If feces: sary. Oi] Summary cor: Wyoming. The former purchased MOAB WELL DELAYED inder contract all the government The attempt to lower the casing Beovalty oll trom the Salt Creek] in the discovery well of tho Midwest leld. ‘The pipe line company trans-| Refining company and the Utah porta this crude and ofl from Tea-} southern Ol company on the Cane jot through a line operated from) Creek dome of the Moab anticline Feanot to Freeman, Mo. has been delayed by the delivery of Some color ta given the report of | a faulty under-reamer from the for thir purchase of the two companies} mer company’s test at Carbonero, jearing Farry Sinclair's name, bY| Colo, ‘This hax necessitated sending he fact that the Indiana company | to Casper for a new Implement. J jas in the last few months become! 7, Roohtel, assistant superintendent gaged in production of crude o!l} of production for the. Midwest com fm a bidad scale through 'ts pur-| pany is in charge of the operation hase of the Pan-American Petro-| which will be resumed as soon as ‘um & Transport corporation, with possible. Nl the fatter’s ramifications, in- —— uding the Lago Ol & Transport ompany, which has more than 40,-Drink Hillerest Water, oe Phone 1151, Oil and Financial News New York Stocks Last Sale All, Chemical & Dye ~------- 115% American) Can .. 237% Am, Car & Fay 111% Am. Locomotive 112% Am. 183% Am. 74% Am 143% Am, c - 115% Am. Woolen -~. Anaconda Cop Armour of Ill * Atchinson a AU. Coast Line «. Baldwin Ldco - lt. & Ohio .. Bethlehem Stl California Pet Canadian Pac Cent. Leath, pfd -. Cerro ¢ aBCO . Chandler Motor — Chesapeake & Ohlo - Chic. & Northwestern Chic, Mil. & St. P. pfd Chic. R. L & Pac . Chile Copper Chrysler Corp — Coco Cola - Colorado Fuel -. 34% Consolidated Gas - td Corn Products - 40% Crucible Steel 78 Cuba Cane Sug. pfd --. Dodge Bros, “A” Du Pont de Nem Blectric Pow. & etfs Erie TRaiflroad Famous-Players Fisk Rubber - 24 Foundation Co, -. 179 General Asphalt 65% General Blectric 336 General Motors 118% Gt. Nor, Iron Ore etfs 25% Gt. Northern pfd Gulf States Steel Hudson Motors Illinois Central Independent 0. & G. Int. Combustion Eng - - 56 Int, Haryester -.- - 125% Int. Mer, Mar, pfd -. a1 Int. Nickel Kennecott Copper - Lehigh Valley Louisville & Mack Truck Marland Oil Mid-Continent Mo., Kan. & Tex -. 41% Missouri Pac. pfd -. 85% Montgomery Ward ----------- 75% Nat. Lead -.. New York Central - N. Y., N. H. & Htfd ~. Nor. American — Northern Pacific .. Pacific Oil -. Packard Motor Car Pan, Am. Pet. “BY Pennsylvania Phillips Pet. Pierce Arrow Mot. Radio, Corp. -. Reading Rep. Ir, & Steel -. St L. & San Fran. Seaboard Air Line -. Sears Roebuck Sinclair Con. Ol ..---. Southern nelfie ., Southern Ry. Standard Oil, Cal, --e--e0rr-- 57M Standard Oll, N. J. -eeneeneny 4356 Stewart Warner eso 84% Studebaker — Texas Co. THE CASPER TRIBUNE-HERALD HERALD REVIEW OF IN BUSINESS WORLD Moral Warning Given Numerous Financial Summaries Issued Each Year by Various Authorities BABSON PARK, Florida, Jan. 23. —Roger W. Babson today followed his annual custom of giving at this Umea resume of the various finan- cial reylews jesued by different au thorities each January, This is en tirely apart from Mr, Babson’s own review, published’ in this paper the first of the year, Mr. Babson’s au- thentic statement is as folldws: “Now that-all the important re- views and forecasts ag to 4 been publirhed, it is.well te them in. order to make one posite diagnosis. They com- are from men of the highest type and each one is worthy of careful consideration. As usual, most of them are opimistic as tothe coming year, although sdme seem to be troubled by the present high stock market prices. The conclusions may be summar- ized under four hea Cheap Money and Abundant Credit ‘The one thing that alls seem. to agree upon is the abundance of money, the low interést rates and present easy credit conditions. Most of these experts believe that money will continue yery cheap through- out 1926. They state that the Fed eral Reserve Board !s functioning better than ever before and insist that a banking pane {s now impo: sible. One or two seem to worr; to the effect of possible gold exports and some regret to see such a large amount of fo: bonds purchased in this country although the amount being loaned does not yet exceed the interest due us on foreign loans. “The keenest observers are trou- bled by the tremendous growth of the installment business and a yery large amount of merchandise in pri- vate homes which has not been paid for. Personally, I believe that these feelings are justified. Hspecially in view of the fact that no satistics are available to show the extent of this ‘bootlegging banking,’ The comptrollers’ and other reports, which at previous times haye shown the amount of credit being extend- ed, absolutely fail to show this to- day. Political Conditions Healthier “All writers agree that our na- tional political conditions are mare satisfactory than has been the case for a hundred years. Troubles in Washington began in 1812 with the threatened secession of the New land si then the slavery question kept the nation in a tur- moil for a generation; this was fol lowed by a see-suwing on the tariff and a constant struggle between the agricuitura! and the manufacturing sections then came the conflict for twenty years, between Wall Street and Congress with confiscatory rail- road legisiation and trust-busting. These trou ves «ume to a head with Texas Gulf Sulphur Texas & Pacific - Tobacco Products Union Pacific United Cigar Stores U. S. Cast Ir, Pipe -. U. S, Ind. Alcohol U. 8. Rubber U. S. Steel Wabash Rs Ward Baking “B” -.--------- Westinghouse Blec ---------- 72% White Motor ---cec---eer--= 80% Willys-Overland ~ 28% Woolworth - ~ 205 reson: oo Wyoming Oils Quotations by Blas Vucurevich, Broker 208 Consolidated Royalty Bldg Western Exploration ~ 2.50 2,65 Consolidated Royalty . 9.25 9.75 Central Pipeline -.---. .55 60 BE. T. Willams 20 22 Bessemer --.-.. a3 a4 Western States -...-. .12 Aa Kinney Coastal 08.09 lumbine -. = A8P 09 Jupiter ~ Elkhorn Domino - Royalty Producers . - 01 02 =a | Sea 05 06 wo? 4 05 Sunset 2 00% .00% Pleardy Behl Lusk Royalty mahi Tom Bell -.. - 03 Buck Creek q. - “22 Chappell - 08 MeKinnie .. Pe Burke Ol} - 209 Riverton Pet. . 2.75 Argo Oil 4.00 Curb Stocks, Imperial Ott Prairie Qil -. Mountain Producers ~. Salt Creek Producers mtinental .. w York Oil .. Salt Creek Cons. 8. O. Ind. Humble On Obio Oi _.. | Crude Market BY HILL-WEAVER & CO. Salt Creek, $6 to 36.9 gravity . 1.79 Salt Creek, $7 to 39.9 gravity . 1.87 Fook Creek - 1,76 Big Muddy 176 Elk Basin ee FS ot GreeS er 108 TANCO Creek nnancacenegeee--- 1 90 Iris Creek [ght eeerenn---- 1.0101 pO yy tak sr gla HE Tarohlight 2. 1.76 Mule Creek meeeeneemneeef- K.wasscensnnecesss 1-55) Lander 2.70 wage -.-.. 216 GUADUEEE | Seat oaks 116 lamilton Dome ~~ a-----a---- 1.04 WOFTIE)? nocouuntbatcondentoseses: LUE Byron .. weennnennnnnn=.- 1.31) Notches 45 Pilot Butte 135 Tribune Herald results wantads bring Roosevelt, were sidestepped by Taft, messed up by Wileen, and smiled upon by Harding. ‘Today, with Calvin Cooldge as. president, all this nonsense ts tempcrarily at an end. “We also seem more free from foreign wars than ever before. Since the Pilgrim Pathers landed at Ply- mouth we have been at war with the Indians, or with the French or with Great Britain or with Spain or with Germany. No foreign com: plications are feared at the present time We surely are going to enter the World Court immediately, and somo day wil] enter the League of aifons, Since the Lacarno con- ference. all bids fair for world peace for many years to come. The only pessimistic. note in this connection is the fact that we have become so greot a creditor nation that other nations are becoming jealous of us. Hence we must avoid becoming ar- rogant and ignorant of the needs of the less fortunate. Yur Great Excess of Wealth “AN through our existence, until the great war, we were a debtor nation, sending each year a large amount of mone rope to pay the ir money. Now we are not only out of debt to Burope, but are rest of the world huge sums on our own terms, This is given by some writers as a reason why the present prosperity should last for a gener ation, Without doubt we haye this wealth and it is increasing very rap- idly; but as Thoreau said; “fhe tm- portant thing is not how fast we are going, bub in what direction.’ “Added to this vast financial re- serve, the United States has n great reserve of plant capacity which now or goods to Bu: erest on borrowed loaning the REVIEWS in Annual Resume of quote Franklin 7. Miller, one of my most respected friends. "In addition to the above, we have the tistics brought out by the] Curtis Publishing company that the cost of living 1s only 70 per H ater today than in 1914, ile the average wage is more than double what it was in 1914. This means—they claim—that wage workers can purchase 30 per cent more than in 1914, notwithstanding e in rents and prices. An- other prominent efficiency expert uses statistics to show that, owing to the inflation of the dollar, stock prices are still lower today than at the time of the world’s previous high in 1906, I believe that the Curtis Publishing company's figures fre correct; but that the men who are endeavoring to use the same statistics to prove that the stock market is still low are absolutely wrong in their fundamental princt- ples. What of the Future “Granting all the above state: ments are true—and most of them are—what of the future I can give answer in a very few words, namely t all depends upon the 1 and moral outlook, To use language of the street, if we ) our feet on the ground we a it; but if we let. this pro: go to our heads, we are spirit the 2 of the biggest panies in our The biblical warning, ‘Pride before destruction and a before a fall,’ {« as it was 2500 years ag The indications of surface conditions are not satisfactory. A crime wav is sweeping the country; rape is neo- essary to give a thrill In the mo’ tes; temperance and self-control have become a joke; observance and spect Inw iy considered fashioned; hone goeth haughty spirit true today a old: t labor Is looked up on as something to be avoided; too many are trying to get something for nothing and are going into debt for needless luxuries and harmful asures; nasty mag ines are building up great circulations while the colleges are closing up~ their chapels and are opening smoking rooms for the women students, “I sincerely hope that these things are merely a phase and that the American people are still a God fearing race. If not, these things are a tremendous indictment of schools and colleges as well as par- ents, Yes, America has every ma terial blessing at the present time and if we will only keep our feet on the ground, the present era of prosperity should continue for years. On the other hand, all wealth is a mere too! which can be used elther to upbuild dr to destroy. Everything depends on the motive, ambition and tastes of the people who have this tool in their hands, As tHis spiritual factor, which TI consider the most important of all when considering the business out- look, was not brought out by any of the writers, I take the liberty of emphasizing it in this way. In the meantime, businers is still on the up-grade irrespective of the wishes of bulls or bears, the Babsonchart now standing at 11 per cent above normal,” (Copyright, 1926, clal Wvoming Oils Western Exploration . 2.50 Publishers Finan- Bureau) Consolidated Royalty — 9.00 9.50 Central Pipeline 55 60 T. Willlams Bhar Bessemer -_- Western States ... ¢ Kinney Coasts 20844 Columbine -. 20644 Jupiter — Ot lichorn 08 Domino 205 Royalty Produc o4 Sunset 00% Picardy ~ 01 0 Lusk Ro: o1 o) Tom Bell - 03 o4 Buck Creek ..---.. Chappell . MacKinnie = 18 Burk Oi) — it Riverton Pete 2.85 A Oil -.. 5.00 Curb Stocks, Stocks and Grains Livestock Chicago Prices CHICAGO, Jan. 23.—()—-{U. 8 Department of Agriculture,}—Hogs eceipts 2,000; — uneye! light- weights, 25 to 5: higher; others strong to i0c higher; bulk good and choice 160 to 180-pound welghts, $13,00 to $12.25; practical top on 160 pounds up, $13.25; odd lots, 140 to 150-pound selections up to $13.4 majority of 225 to 310-pound butch- ers, $11.85 to $12.35; bulk packing sows, $10.85 to $11.10; desirable ki ing pigs around $13.26; shippers tool D00; estimated holdover, 1,000 heavyweight hogs, $11.75 to § n, $11.90 to $12.80; Nght, $11.85 t light, $11.75 to $13.40; $10.80 to $11.30; $15.00 to $13.50. ts, 1,000; compared week ago: Strictly good and choice heavy steers an dwell conditioned yearlings steady; others 25¢ to 40c ower; medium steers. in extended supply; low price kind, predominat- ing in approximately about, 43,000 head of cattle ved during the last two weeks at $11.00; large mar kets; week's extreme top on year lings, $11 medium weight, $11.10; heavies, $11.00; too many lower grade steer Oc off; heavy cows and helfers, grading good and bet- ter common cows 1 canners and utters, strong to 25¢ higher; bulls, » to 50c lower; vealers mostly to $1.00 lower; stockers and feeders, to 25c off; week's bulk follows: Frat steers, $8.65 stockers and f $8.00; cows, $6. to helfers, $6.75 to $7.8 cutters, $4.15 to $4.75; vea ers, $13.00 to $14. Sheep—Receipts, 500; for week around 6,000; direct, and 53 cars from feeding stations; today's mas- ket nominal; compared with week ago, fat lambs 50 to $1.00 lower; bulk to packers showing ful! decline; feed- Ing lambs around 25c lower; year- ling wethers, 25 to 50c off; fat sheep and cull natiye lambs steady; tops for week: fat lambs. $15.75; feeding lambs, $15.60; yearling | wethe: $13.50; two-year-old wethers, $11 fat ewes, $9.25; bulk prices follow: Pat lambs, $14.50 to $16.25; cull na- tives, $12.00 to $13.00; fat yearling wethers, $12,50 to §$ wethers, $10.50 to $11.00; fat ewes, $8.00 to 5 $9.00; feeding lambs, $14.50 to $15 _— Oil Securities By Hill, Weaver and Company. Anglo Am. Oil 18 Borne Scrymser _ 230 Buckeye - 59% Cherebrought Mfg. 69 Continental OW _ 21% By Imperial O11 Prairie Ol — Mountain Producers ~ Salt Creek Producers ~ Continental extends even to transporution and housing. We are rich in raw ma- terials,—notably goal, iron and pe- troleum. We have an excess, of ag- ricultural products and, through the tremendous loans which are being made by the Farm Loan and Inter- mediate Banks and the Joint Stock Land Banks, the farmer is fully supplied with money. We lead the world in mass production both as to agriculture and manufacturing. Moreover, through standardization and the proper yse of statistics, costs are being constantly reduced. General Conditions Optimistic ‘The United States {a the only na- tion of equal and population which uses the same language and is united by sentiment as well as by railroads, newrpapers, telephones, automobiles, radio and, most tm: portant of all, the greatest public school system in the world. We New York Of Salt Creek Consolidated oO. Ind. ~. Humble Oil Ohio OU .. New York Curb | By Hill, Weaver and Company. High Low ¢ 23% Cont. OM . O. Ind. . O. New York ~ S. O. Kan. ~ Prairie Ofl - Humble Oil t Creek F ult Creek Cons. Gulf OM of Pa. - Lago ON . Lago new . Mountain Prods have no state tariff walls nor caste and church hatveds to divide our people. We haye favorable land laws and credit laws. Our temper. ate climate and great variety of soil attracts men from every nation. ‘A Vermont farmer's boy, without any personal influence, becomes the president of the United States young immigrant from Europe t comes our most eminent sctentist; while an uneducated bieyele me- chante becomes the richest man,’ to International Pe: Imperial Oj) New Bradford .. American Maro, ~ South. P. and : etrle Investor ont. Baking A Cont. Baking B_. Cont: Baking, pfd Ohio Ol Argo Ol Redbank Cons. Ro: 98% 98% 17@19 -909% . Sig Com, — 30 . Sig. old pfd. 100 Gal. Sig., new pfd. 92% Tilinois Pipe . 140 Indiana Pipe . 62 t 19 46 “4 Ohlo ON. 63 International Pete — 83% 33% Penn. Mex. 18-19% Prairie Olt -. 58 68 Prairie Pipe 124 124% Solar Rofg. - 206 «6209 So. Pipe - So, Penn. ON __. 8. W. Penn O11 .. 8. 0. Ind. 8. 0. Kan. &. O. Ket 8.0. N.Y. 8. O. Ohla - 342 344 §. O. Oblo pfd. _ ~ 117% 118% Swan and Finch - 20 21 Vacuum -- - 104% 105 Washington ~. -, 6 60 §. O. Neb. - = 243 Lo. 5p 2% = 87 - 90 - 9% Imperial — Gulf of Pa. . Humble on | Stock Opinions Block Maloney—We look*for ral- les on way down, but probably not very vigorous ones. It is a time for caution. Tobey and Kirk—We favor con servation un¢ cumstances current market clr. Pynchon and Co.—The indications are that we will witness lower price and we see no reason to disc the program of Hquidatin whenever strength develops. W. J. Wollman and Co.—sSee no change in general ch ter of mar: ket and would confine buying opera- tions to higher grade stocks on set- backs. tinue stocks | Flour | MINNEAPOLIS, Minn,, Jan. 28% (M—Flour 10c lower; family pate ents $9.50@9.50 a barrel. Shipments 44,510 barrels. Bran $26.50, | Grain Opinions | By Hill Weaver and Co, Hulburd Warren and Co.—We may have a bull market today but for the long pull think position of the bull untenable Jackson Bros.—Market has had a good decline and attempt to cover short sales is apparent to harden values. Bartlett Frazier—Underlying econ- ditions have not changed and we belleve in ultimately higher levels for wheat. Corn needs broader out- side interest. Harris Winthrop--Domestle con. ditions are still the sole reliance for maintajnence of our fsolated wheat levels. Thomas McKinnon—There may bo close adjustment of supplies bee fore end of the season, but In the meantime, seem something more substantial than theorles noeded to sustain valu S u >. SDN aera mee nme es Lame PAGE ELEVEN MARKETS NEW YORK BONDS | fre Stock NEW YORK, Jan. 23.—The following closing bids of bonds on the New York shares of each bond. (U. 8. Government bonds low and a the total today's high Exchange in dollars and thirty seconds of dolla U, 8. BONDS— (Sales in $1,000 High 280 Liberty 3%s -.— 7 100.8 Liberty Liberty Liberty 1st 4%s ------.--------E 7 1021 101 we Liberty 2d 4%s. 204 100.24 100.21 100.2 Liberty 8d 4%s-----.. 101 ) a Act Liberty 4th 4\s - U. S. Treasury 4s. U. S. Treasury 4% FOREIGN— Czechoslovak Republic &s 19 Dom, of Canada 5s 195 French Republic 7 1-38. 9s 974 Japanese Govt. 6-28 9 93% Kingdom of Belgium 6%s rets..£ §& 93% $ Kingdom of Norway 68 1944. 1 101%. Rep, of Chile 8s 1941 11 108% ‘ State of Queensland 6s. U. K. of G. B. & I. 5%s 193 DOMESTIC— Amer Smelting 6s. Amer. Sugar 6s — Amer. Tel & Tel. A. T. & T. deb. Anaconda Cop. Anaconda Cop. At. T. & San Fe. gen. 4s. Balt. & Ohio evt 4%... Bethlehem Steel con. 6s, A-. Canadian Pacific deb. 4s.. Chic, Burl. & Quincy rfg 5a AL. Chic, Mil. & St. P. cvt. 4%s-.. Chile Copper 6s Goodyear Tire, 88 1941. Great Northern 7s, A--. Great Northern 6s-.. Montana Power 6s A.. Northern Pacific cfg. Northern Pac new 6s Northern Pacific len 4s--. acific Gas & Elec. 6s Penna RR. gen. 4%8-...-—.. Sinclair Con. Oil 6s 1927_. Southern Pac, cvt. 4s. 98% 95% . “Os 8 93%, Western Union 6% Westinghouse Blec. 1s. 5 108%"... ae Wilson & Co., cvt, 60... ad Total sales of bonds today were $7,121,000, compared with $11,875,000 previous and $6,075 000 a year ago. Commodity Trade Ing raw fur market of tl the annual American ea ning to pour into local w The sales thi involve more N ews world and h is b ‘he Dupont company is awaiting orders from the Tetra-Ethyl Gasoline corporation as to returning to active production of tera-thyl lead at the' deepwate plant The Dupont company has nothing to do with distributing tetra @ expected to year Steel. PITTSBURGH—One ethyl but simply makes the chem!-| tows of steel eigeneaawati ti gal added to gasoline to make the] er py Jo: 11 iat Ware ae Thursday. In 15 barges will be 9,000 sridsiil tons of steel. Of these, two bar JOPLIN, Mo.—A new shaft Is be- ing sunk on the property of the Kagle Picher Lead company west of will be dropped « Cairo, 11 will proce and one to New Orle Louisvill Baxter Sprir eS Be A tet Drugs. ® _ NEW ORLE —Wholesale drug Liberty Bonds houses report their January sales| = — - - well ahend of those of December and], NEW YORK, Jan. y also of those for January last yoar. | PONdS closed; 31s 16 101.20; s 100.30; ernn ond 4448 106 fourth 44s 1 Textiles. 2 BOSTON—Pepperell ing company Manufactur- announced today the offering of the “Lady Pepperell” sheet, a new and finer product than has been produced before by these mills. The present offering ig tu the New England trade only. The r agement states that labor difficul- tes at the Biddeford plant are evi dently nearing an end, silver 67; Mexican dollars —oaeenndlieee epee Business Briefs DETROIT — Bhe railroad handled 2 revenue f © flrs PITTSBURGH—Wire products are sigh tliat \ i in the corresponding period a more active with plain wire and nails} 1 01) corres! pe i in best demand. Rail mills are fair-| 980. Th pide ie ak Flint are up.over 200 ce ly well engaged. Ol piping is in bet compared with a year ter demand Tet ¢@ "AGO. ‘or he yea e Lumber, alee A oe Fe A se th PORTLAND, Ore.—Lumber mills id na mehr urried more tis Eta COR EEREETT ian nan any line car: reporting to the Western Pine 4 fe a m sociation in the last year produced 1,875,000,000 feet of lumber and ship. ped 1,719,000,000 fe fares paid, an increase of over the year | Th 16 rides for December st month in the hist 1,718 fore Oil. oe HOUSTON—The daily aver tie duction of rude oll in the week wag 164,500 barre n the Classified p it of 95 | » from the preceding | we publish it you win two show week tiekets, Fruit, TACKSONY Fla. — Florida . citrus exchange offictals insist that the government estimate 7 mil er] an nh lion boxes of eclitrus frait for the val enson is over two millio ' wie boxiw too high and that Pebruary J,|] THE OLD ESTABLISHED “ : STOPPING PLACE IN will bring the estimates below 15 si SHERIDAN million, with increasing prices in con sequence Your Home When in —-- Town. Furs. Jafe and Garage .n Connection ST. LOUIS—After 151 years of D, D, WARNER, Proprietor Louls is still the lead - —_— —-- trading, St = Samana Great Western Sugar $97 to yield In our opinion is a safe semi-speculative investment which will yield a good market profit. elling at .2 percent Full Information on Requ Hill, Weaver & Company INVESTMENT BROKERS Members New York Curb Market STOCKS—BONDS—GRAIN—OILS Gladstone Hotel Building, Phone 3024 Private Leased Wires to All Markets as,