Casper Daily Tribune Newspaper, January 31, 1926, Page 19

SUNDAY, JANUARY 31, 1926 Bullish Demonstrations i Utility and Copper Shares Are Feature of Day of Generally Brisk Trading |STOCK MARKET AVERAGES | Date 20 Industrials 20 Rails Saturday 142.55 115.26 Friday ~... 142.65 115.21 Week ago --- 140.98 112.89 |Year ago -... 122.35 102.62 High, 1926 ... 148.62 117.89 |Low, 1926 --.. 130.42 112.08 | Total stock sales 934,200 | shares, NEW YORK, Jan. 30.—(?)—Week- md readjustment of speculative ac- counts brought about irregularity ds the close of today's stock nifket after an early period of irmness, which was featured by ‘\ullish demonstrations in a selected ist of food, oil, public utility and copper shares. Trading was con: ducted at a brisk pace, the day's sales totalling 934,200 shares. Professional traders continued to dominate trading, but commission houses reported that the recent re- vival of activity in the ofl and rail shares had increased public inter- est. Operations on the long aside have been encouraged by the pros- pect of easier money rates next month, and rumots of favorable divi- dend and merger developments by some of the leading railroad and in- dustrial companies before the end of the first quarter. Failure of the predicted increase in mid-continent crude prices to materialize today brought about some selling of the in Food, Oil, Public oil shares by traders who had bought those issues “for a turn, but oil interests are looking for announcement early next week. Several powerful pools in the oil shares are reported to have been formed during the last two weeks. Standard industrial shares moved within narrow and irregular limits. United States Steel common ad- vanced nearly a point to 133%, de- spite reports that some automobile manufacturers had succeeded in obtaining concessions on sheet prices. Ameritan Can closed a point lower at 288, and Baldwin yielded fractionally to 126%. Abitibi Power advanced 2% points All. & American Can -. Oil and Financial News © New York Stocks Last Sale Chem. & Dye... Am. Ah. Am. Am. Am. Am. ‘Tobacco Am. Woolen .--. Anaconda Cop. Car & Fadry.. Locomotive Armour of Ill. Atchison Atl. Coast Line, bir Baldwin Loco. -.... Balt. & Ohio --.--.-....... Bethlehem Steel --..-...... California Pet - Canadian Pac. .. Cent. Leather, pfd. Cerro de Pasco.. ow 64% Chandler Motor -.-....-.... 46 Chesapeake & Ohio -..--... 122 Chic. & Northwestern ..... 7 Chic. Mil, & St. P., pfd..... 20% Chic. R. I. & Pac... Chile Copper -... Chrysler Corp, Coca Cola .. Colorado Fuel, pido. to 83%, the highest price since that “ Consolidated Gas -....-.... 98% stock was split up on a five-for-one ; Corn Products -. 41% basis in 1920. Other strong spots | Crucible Steel, 78% among the specialties were Gold | Cuba Cane Sug. pfd. 48 Dust, Gotham Hosiery, Jewel Tea, | Dodge Bros." A” . 43% Mullins Body, Philadelphia and|Du Pont de Nem--..... Reading Coal and Iron and Nash Motors, the last named jumping 7 points on two sales, Trading on the rails quieted down considerably with most changes of a fractional nature. A brisk demand for Ca- nadian Pacific carried that stock to 151%, the highest price of the year, but it forfeited half of its extreme gain of 2 points on realizing. Foreign exchanges held relatively steady, Demand sterling crossed $4.86, for the first time in about two weeks but French francs eased slightly at 3.77% cents. BIG EXPORT SENDS WHEAT HIGHER rket Closes Firm, 3-4 Weakened by Prospective Increase in Visible Supply; CHIGAGO, Jan. 30.—C)—Wheat values swung upward togay owing »nsiderably to Indications of larger export demand, together with melt- ing “away of snow protection 1roughout domestic winter crop territory. The wheat market closed firm, % to 1%0c net higher. May, 31.75% to $1.76%, and July $1.53% to $1,58%.~ Corn finished %oe to Me off, Oats a shade decline to %o ad- vance, and provisions unchanged to \2¢ lower, Strengthening of wheat prices de- veloped especially during the last half of the day, but from the out- set an unexpected advance in Liver- pool quotations had a stimulating in- fluence here, Word of general buy- ing at Liverpool accompanted ad- ee from there that Argentine and hadian holders were taking a frmer stand, Besides, Winnipeg messages had news of liberal export purchases of all rafl shipments to the seaboard and New York told of ocean freight room having been booked for 50 loads to Great Britain and 15 loads to Antwerp. Altogether, a noticeable broadening of European interest was generally admitted. Corn was weaker, enlarged rural offerings of cash corn being in evi dence as well as Hkelihood of a fur- DES MOINES.—Federal farm legislation to remedy defects in the stem of produce marketing which esults every now and then in a bad ar for the farmer, was demanded delegates to the Missour! valley m conference here. Wall Street Briefs DEMAND to 13-8 Cents Up; Corn Provisions Sag. ther increase of the visible supply total on Monday. Shipping call for oats was a little better. In provisions, the affect of corn weakness counted finally as more than a counter-balance for higher Electric Pow. & Lt. Erie Rallroad Famous Players .. Fisk Rubber -...-. Foundation Co, .. General Asphalt .. General Electric General Motors ~. Gt. Nor. Iron Ore ctfs. Gt. Northern, pfd... Gulf Saes Steel --.---. Hudson Motors .. Illinois Central ~-......-... Independent O. & G..-... 30% Int. Combustion Eng...-..... 60 Int. Harvester ~..-.-.....-. 130% Int. Mer, Mar., pfd.-..----. Int, Nickel Kennecott Cop. Lehigh Valley ----.. Loulsville & Nash, Mack Truck Marland Oil Mid-Continent Pet. Mo., Kan. & Tex. Missourl Pac., p' Montgomery Ward Nat. Lead, bid —.2-ccccan-e 167. New York Central --.--. 120% .Y,, Ne H. & Htfdieca-- 42 orfolk & Western... rad edad Phillips Pet. quotations on hogs. RRAID COET:, teem aaciee sb detnceias 45 Reading ~..----.. - 88% Wheat— Open High Low Close’ Rep, Ir, & Steel-----.------. 5754 May, new 1.75 1.76% 1.74% 1.75 975% May, old. 1.74% 1.72% 1.74 45% July --.-~ 1.53% 1.52% 1.53% | Sears Roebuck <...u.. 219 Sept. -—- % 144% 143% 1.44% | Sinclair Con, O11 —-. 23% Corn— : Southern Pacific May - 84% 85 837% 8444 | Southern Ry. «. July - +8736 87% 86% «86% | Standard Oil, Ca! Sept. 88% 88% 87% 88% | Standard Oil, N. J... Oats— Stewart Warner May -. 44% 44% July — 45% 45% Sept. 44% 44% | Texas Gulf Sulphur Rye— Texas & Pacific May -. 1.094% 1.07% 1.09 ‘Tobacco Products July .. 1.08 1,07 1.08 | Union Pacific -. Sept. 1.05% 1.04 1.04 | United Cigar Stores. Lard— U. 8, Cast Ir. Pipe, Jan. - \ 16.10 15.07 15.07 U,. 8, Ind. Alcohol. May ~...-15.47 15.47 16.42 15.47 |W. gs, Rubber ....-... Ribs— U. 8. Steel --.. Jan. - 16.20 May - 16.30 Bellies— Westinghouse Elec. .---. 73% Jan. - 16.87 ‘White Motor -.. 80% May - 17.10 | Willys-Overland -. 20% —— | Woolworth -... 209% PITTSBURGH.—Some weakness has developed In finished and semi- Market Gossip | By Hill, Weaver and Company. Calumet and Hecla Copper for quarter ending December 31 reports profits after depreciation an.1 deple- tion of $75,485, against los; of $894,- 775 In fourth quarter of 1924 Loss for year computed from quarterly returng was $436,676 against loss of $1,634,438 {n 1925. Following refusal by Virginia su preme court to grant rehearing of preferred stockholders sult petition filed with court asks southern rail way be restrained from paying com mon shareholders more than fivo per cent annually pending settlement of preferred stockholders. Anthracite miners propose volun- tary arbitration by board whose find- ings would not be binding upon elth- side, operators expected to insist Boon compulsory erbitration and to reject demand for checkoff. Annual repert of Dupont estimates earnings of General Motors in 1925 including Fisher Bodies, General Mo tora acceptance and Yellow Truc’c and Coach Mfg., at $20.60 a shar R. G, Dun and eo apany estimates failures In the United States this week at 516 against 518 previous week and 542 same week of 1925. Bradstreets reports trade and in- usiry showed some slowing up dur ng post week. hk. G. Dun and company finds bus- ness duiing January has been >1ain- ly favorable with encouraging pros: ts predominating, | Wyoming Oils Quotations by Blas Vucurevicp, Broker finished steel prices, owing to| 208 Consolidated Royalty Bldg slackening of specifications. Some} Western Exploration - 2.50 2.6: sheet mills have been compelled to | Consolidated Royalty - 9.00 9. curtail. Niles, Ohto, plants have} Central Pipeline . 55 (60 been affected, E. T. Williams -..-.. .20 22 Bessemer ‘ 14 Western Staten -.....- 4 Oil Securities Kinney Coastal —--.-. ‘09 Columbine -.. 09 By Hill-Weaver & Co. a Closing of Jan. 30, 1926. ‘ak Anglo Am. Oil « 18% | Royalty Producers a5 Borne Scrymser .. TT pid akon Jae rier Buckeye - --- 57% | picardy Chesebrough Mfg. .---- 69 70 | Lusk Roy. Continental Oil - - 24% 244% irom Bell -.. 04 Crescent - - 15% 16 | Buck Creek - = +25 Cumberland - . 2182-184 |Ghappell -. 10 McKinnle ld Burke Oi at . Sig. old pid ~. Riverton Pet. 85 Gal, Sig.. new pfd .. Argo Ol .- 5.00 Illino!s Pipe Indiana Pipe - National Transit - New York Transit - Northern Pipe Ohio Oil -... International Pete Penn. Mex. -. Prairie OM ~ Prairie Pipe Solar Refg So. Pipe - Penn. §. W. Penn Oil §. O, Ind .... . Ohio, pa Swan & Finch Vacuum Washington - «. 8. 0. Neb, Lobos . - Imperial 248 2% 37% Curb Stocks, Imperial Oil Prairie Ofl Mountain Producers . Salt Creek Producers Continental -.. New York Oil Salt Creek Consol! 8. O. Ind. -. Humble Ol Ohio Of . Crude Market BY HILL-WEAVER & CO. Salt Creek, 36 to 36,9 gravity . 1.79 Salt Creek, 37 to 39, Rock Creek ..--....----------- Big Muddy -..---.-.----. Elk Basin ... Cat Creek .. Lance Creek --.-..--.—~-~--- gravity . 1.87 1.75 Griss Creek light —...—----.- i of Pa 91 4 roan ad Par Te Pk kok Sac a BY Torchlight .. == 1.75 - — | Mule Creek me 1.25 —(f)-- oLuM. NEW YORK, Jan 30. silver, Mexican dollars Tribune Herald wantads bring | remultey | Lander «. Osage Sunburst Hamilton Dome Ferris Byron Notches .. Plot BUttO paneamenpegansnnwnnn 1.05 1,30 65 135 THE CASPER TRIBUNE-HERALD HERALD ‘Stocks and Grains lI. 5, LWESTIGK| MONEY SITUATION IN VALUE SET Al FIVE BILLIONS Gain of More Than 300 BABSON PARK, Fla., Jan. 30.—In ine anexclusive interview today, Roger Millions Is Noted W. Babson discusses the money ; market with special reference to in Year mortgage bonds and other securities. Uls official statement is as follows: sent Money Rates. Ww. TIN! , Jan. ).—(P)— Money conditions at the moment Livestock on farms and ranges in| ®re Somewhat easter. This 1s evi the United States had a total value| @enced-by the call rate for money of $5,001,297,000 on January 1, this| "New York. On the other hand year, compar.d with $4,685,021,000] this is not highly significant as in on that date a r ago, the depart-|' terest rates are usually somewhat ment of agriculture annuonced to-| Wer after the turn of the year. day in its estimate, However, as business works Horses and colts numbered 15,-| 'nto the present period of expansion. and were valued at $1,-| 4 8radual firn up in rates should 05,000. be expected due to a greater demand Mules and mule colts numbered] for money with which to finance 5,780,000, and Were valued at $469,-| trade. Rates should average higher £87,000. ° during 1926 than ‘All: cattle and calves numbered] “A study of the Babson chart 59,829,000, and were valucd at $2,-| tows that money rates always stif- 297,510,000 fen as we enter a period of expan “Cows and heifers two years old| #lon, and we certainly are In such and over kept for milk numbered | ® Period at the present time. This 22,290,000, and were valued at $1,- confirmed by the Comptroller's 78,877,000 port and the reports of the Fed. ‘al Reserve bank All of show that loans have been st increasing during the past year, though, unfortunately, these ily al Heifers one to two years old, be- ing kept for mil numbered 3,861,000, value not given. speculators Sheep and lambs, numbered 40, ch, ur 478,000, and were valued at $427,-] 4" Wall Street, have received the 647,000. greatest benefit from these loans. Swine and pigs numbered f1,| The reason for this is that when banks loan to Wall Street they can 223,000, and were valued at $779,- Stat set their money at any time, where- 5 as with loans to business men and farmers they cannot. The hankers . cannot be blamed for following this Livestock policy of preferring to loan on Wall =e Street, but it {s unfortunate. No Chicago Prices. statistics are available to show what CHICAGO, Jan, 30.—(U. 8. Depart: | ts being loaned to the ultimate con. ment of Agriculture)—Hogs, receipts } sumer on account of installment pur- 4,000; steady to 0c higher; bulk chases; but this figure is exceeding- to 300 pound betchers $12.45@1 ly large and Is probably increasing rapidly, Stock Market Loans. “When banks want thelr money from Wall Street brokers, these bankers are compelled to call upon majority desirable 200 and averages $12.95@13.35; bulk better grades 190 pounds down to $13.50@ 13.75; tops all weights $13.75; pack- ing sows largely $11.20@11.40; ship- pers 2,500; estimated holders 1,000; | thelr customers for the needed funds, heavyweight hogs $12.25@12.85; me-| Tf these customers have sufficient dium $12.45@13.45; light $12.40@|cash in the banks to pay up the brokers without selling. the stocks upon which they are borrowing, this is very fine; but usually the man 13.75; light Ught $12 ing sows $11@11.6 $13.25 @ 13,85. ighter pigs at Cattle—Receipts 500; compared] who buys stocks on margin cannot with week ago, better grades, fed| Pay for them in full and is obliged steers 25c¢ to b0c higher, good to| to sell when the brokers want more Piplica hauvienDnetly: up, in] ™argin. This selling causes a decline fn ock prices. When stock prices ‘all, buyers become panic-stricken and prices go even lower. Hence, readers should keep in mind the definite rels spots 75c up; low qualities short fed of value: to sell at $9.25; downward. barely steady; extreme top on heav steers in load lots, $11.60; part load $11.75; 1,000 pound yearlings up- ation hetween the money ward to $12; few yearlings above| ™arket and the stock market. $10.75; numerous loads heavies at| ‘Another significant straw, which $10.75@11.50; stockers and feedeps| "bows the way the wind is blow, {s 25c lower; edge off canners and cut-| the large amount of stock offerings ters and common cows better grades| We now see in tho daily papers. fat she stock 25c to 50c up; bulls| These stocks, which are being of- about steady; vealers 25¢ to low-| fered for sale, may be perfectly er; week’s bulk prices follow; Fed| 00d; but such offerings usually in- dicate that steers $8.75@10.50; fat cows 6,35@ either the owners are 6.85; heifers $7@8. canners and] Selling out; or, fearful of being both cutters $4.25@4.75; vealers $11.75@| ered by the banks, these corpora- 18; stockers and feeders $7.25@8.25 tions are changing their bank loans Into stock issues. Doubtless this Is a wise course for the corporations to pursue, but Investors should keep this in mind when purchasing stocks at this time. TI believe in public of. ferings; but I like to see them scat- tered through the year rather than bunched togeth at one time. Good Corporation Bonds Rather Scarce “Notwithstanding the large amount of stock issues offered, there has been a relatively small amount of g00d corporation bonds recently of. fered. Moreover, in the case of many offerings one notices at the top of the advertisement: “These bonds have Sheep—¢,000 for week around 12, 000; direct and 58 cars from feeding stations; today’s market nominal; re- ceipts most direct, compared with week ago, all classes generally steady, top fat lambs $15.75; feeding lambs $15.60; yearling wethers at $13.75; two-year olds $12; fat ewes $9.50; week's bulk prices follow: Fat lambs $14.50@15.25; feeding lambs $14.50@15.25; cull natives $12@13; yearling wethers $12@13.50; weth- ers $10.50@11.50; fat ewes $8@9. New York Curb all been sold and this advertisement By Hill, Weaver a ‘ 1s Inserted only as a’ matter of rec High ord.’ ‘This scarcity of good corr Cont'l 27% | ation bonds # due both to the lar Cont'l B 8% | demand from banks fo 1 bonds General Baking ‘B’-16 4 16 when commercial paper rates are Hlectric Invest 68% 68% as they have been for the nast art Ofc ‘ iM so to the fact th 8, O. Indiana---- é 4 re now puttin §, O. New York- My 36% of bonds, Ther §. O. Kane real scarcity of good first mort Onto Oil bonds, of operating companies #e Prairie Oll Humble Oil - Salt Creek Prods wit Creek Cons cured directly by the physical prop- erty “Usually the bond market declines with the stock market although, of Gulf Oil of Penna...92 91% 1%] course, to no such proportions. A Lago Oll, old -11% 11% rough rule ts that for each ten Lago Oll, ne 3 points the stock market declines Mt. Producers 24% | the bond market will decline about Internations! Pete $444 | two points. Moredver, the decline in Imperial Olt - 37% | bonds usually precedes the decline New Bradford ~ 6% | in stocks. Whether or not this rule Red Bank -- 21% | will work during 1926 depends large Argo Ofl - 6 |ly upon the working of the new tax C. Freshman Radio.23% J law. Reducing surtaxes to a maxt- Amer. Maracalbo...14% mum of 20 per cent should help cor- S. O. Call poration bonds and the sale of mort- Carib Syndicate. 18 18%] sages and other forma of indebted- Consolidated Roy. --.- 9@10| ness. If the new tax law, which last month passed the house of rep- resentatives, {s also passed by the Petroleum Club To nenate and nigned hy tha prestdane i should enable business men to Resume IWeetngs\ moet wens tae he soe ° Whether or no his new ta aw On Tuesday Night will" help the Daud ehernee. eadiien to offset natural declineg on account of Increasing money rates, only the The Wyoming Petroleum club,| future can tell. Let me add, how- membership in which is made up of| ever, for the benefit of bankers, those interested in the ofl and gas} manufacturers, merchants and real industries or allied trades, will re-| estate snen, that money rates should sume meetings In Tuesday | not Increase enough during 1926 to night, February atrona | embarrass general business. There county library » meetings of the |is a tremendous amount of money organization have been held since|in the country nnd the only reason late in the spring of 1926 and at this] why any legitimate business ts not getting {ts share {s because most nks prefer to loan their money on week's gathoring it 1: probable that reorganization will be effected. Call for the meeting has been Wall Street rather than n tt In sued by several members actin heir local towns the suggestion of many others and| D: id for Municipals Decreasing. announcement is made that the club] “The anticipation of this same will welcoms the attendance of any-| new tax law has helped the sale of one interested in oll and gas or Its} taxable corporation securities, and allied ‘trades. has, at the same time, hurt the ——__———_ sale of securities which are non- In Italy rows of cypress trees taxable. ‘The market for municipal, been planted by the roadsi tate nid other nontaxable bonds each tree bears the name of a sol-| has already suffered from tho pro- dier who fell in-battle, with the date | pozed new tax legislation. Hence, and place of his death, | cities and towns which are contem- U.S. AND BOND MART Roger W. Baba Disedis Discusses Finances With Special Reference to Mortgage Bonds and Other Good Securities plating selling bond issues within the next year or two had better now, in case the non-taxable bond market eases off still more, During the past few years the sale of non- ables was exceedingly casy and unities have taken advan. tage of the situation, All good things, however, can be overworked and the issuing and sale of non- taxable bonds has been no exception to the rule. “It fewer state, county and muni cipal bonds are issued during the next year, it may be a good thing for the country. ‘These counties, cities and towns have competed with business men for money and often have spent the money for things not very productive. While the national government been getting out of debt, these states, counties, citles and towns have been increasing their debt to an alarming rate. re, any change which would re- borrowings of municipali and other public groups should » a good thing. Rule for Loaning Money. “During the inevitable readjust- ment, which may come during 1926, it is important that bankers, in con- nection with their loans, and the business men in connection with their credits, as well as investors in connection with their purchases, look carefully to the character of the borrowers. Ascertain whether the financing is being done to enable the owners to get out of the business or to develop the business. Ascer- tain whether the borrowers are de- voting their exclusive time to the business or whether they are mixed up with sidelines of various kinds which distract from the business. This is an age of concentration and ft fs a great mistake for a man to neglect the business in which he was trained, in order to branch out into sidelin Such new ventures take up one's.time and often absorb capital which should be used for the original business. Finally, in- vestigate the character of the bor- rowers, including their motives and record, remembering that men make values and souls make men, “The Babsonchart still continues high, standing at 1 per cent above normal, compared with 4 per cent above normal at this period a year ago. This index of business con- ditions should be carefully watched during the year 1926. Remember that in following this Index, it is important to sell when the Index is high and to buy when the Index ts low although almost everyone fol- lows the very reverse policy.” Sareea Stock Opinions | By Hill, Weaver and Company. Tobey and Kirk—Sugar market look stronger and low priced sugar stocks are regarded as having fair speculative possibilities. The bread making end of the National Biscult is regarded as indicating much in creased profits for this company. Hornblower and Weeks—Life Sav- ers sold 83,000,000 packages of goods four years ago. Last year sold in ex- cess of 150,000,000 packages. With the addition of new products this ar and with an established selling organization, a countrywide distribu tion of its products, we expect the some kind of growth as Postum and other companies of this type have enjoyed through adding’ new prod. ucts. J. 8. Bache and company—It {9 our opinion that sugar stocks haved discounted unfavorable factors, On recessions we would review the f lowing members of this growth with avor: Hunt Allegree; Great West nand American Suga Block Maloney—As for the gener ul market we would continue sales on rallies but we think certain spe- clalties will do to buy. _ oe | Oil Summary By Hill, Weaver & Co, Humble Oil and Refining number one well at South Thirty increased flow to 1,000 barerls daily. Marland Oil leased 644 acres in Hutchinson county, Panhandle tion, Texas, at average of $466 an acre of which $135,000 was paid in cash, remainder to be paid in oil. American Republic and subsidiaries year ending Decem- ber 31 earned $10.78 on common against $9.74 in 1924; in quarter end- ing December 31, earned $1.51 on common against $2.27 same quarter in 1924, Corporations Pierce Petroleum and subsidiaries for year ending December pre- liminary net profits were 1,161 after interest, depreciation, e or eight cents a share against net toss of $377,481 in 1 J, C. Lindsay, in charge of the Argo O11 company's operations in Marion county, ‘Texas, reports the company's Walton well No, 1 drill ing at 660 fect, and its Hartzo No. 1 well drilling at 1,047 foet. The Walton well is 1,500 feet southwest of the Trimount Of! company’s Ma- bane and States No, 3; the Hartzo well is yout 800 feet northwest of Trimount's Tyous Hart No. 1, Pro- duction is expected in the Woodbine sands at 2,200 to 2,300 feet —— St. Louls and Southwestern or- ders in first four weeks of § totalled 64 locomotives Ti Sathe ae anu Tell the Advertiser—"I saw it The Tribune,” MARKETS PAGE NINE NEW YORK BONDS NEW YORK, Jan, shares of each bond. Wilson & Co., evt, 6c---.---------1 Total sales of bonds today were $ previous day and $6,754,000 a y New Wells Midwest Refining company, drill- ing on holdings of associated com- panies, has completed eight new wells in the Salt Creek ‘field. One se on the southeast of sect 9 of the Wyoming Assoc: as started from the I sand but is producing 27 day from the shale at Other completions follow: Wyoming Assoclated—No. southwest of 28-40-79, 1,127 pumper; No. 82, southwest of 2 kota barrels a 2,090 feet. 34, the feet, a 40- Dairy Products, CHICAGO.—Exports of dairy products for the past month were smaller than a year ago, Exports of butter totaled 405,423 pounds, compared with 481,253 pounds last year and cheese 380,633 pounds, compared with 647,998 last year. Imports of cheese were 6,311,661 pounds for the month and butter 609 pounds Stone. ATLANTA.—The Paving | Block association making an intensive study of the local sup- plies of Lithonia and Stone Moun Granite has been —The following ate closing bids of bonds on the New York Stock Exchange and the Midwest Complete and total today’s high, low (U. 8. Government bonds in dollars and thirty-seconds of dollars) U, 8, BONDS— (Sales In $1,000 High Low Liberty 100.2 1 Liberty - aneon Liberty sence ose Liberty 1 Liberty 100.25 3 4 Liberty 101.1 - Liberty 102.14 13 U. 8. Tr 104 1 104 fv. . Treasury 4\%s. 107.17 pe FOREIGN— Czechoslovak Republic 8s 1952. 1 1 - Dom, of Canada 6s 195. 8 1 -- - French Republic 7 1-38. ale Japanese Govt. 6-28 6 92% - Kingdom of Belgium 6% ret 10 4 Kingdom of Norway 68 1944 T 102 1 Rep, of Chile 8s 1941. 16 108% ae State of Queensland 63... - > U. K, of G. B. & 1. 6%s 1937. 15 106 z DOMESTIC— Amer. Smelting 6s. 3A 99% 100 Amer, Sugar 6s -. B Amer. Tel & Tel, 6%s ~--.--....-C — A. T. & T, deb. 5a 1960.. nen >] Anaconda Cop. 1938 Anaconda Cop. 63 1953. , At. T. & San Fe, gen, 4s. - Balt. & Ohlo evt. 4%s-_...... Bethlehem Steel con. 6s, A. Canadian Pacific deb. 4s.. Chic. Burl, & Quincy rfg. 6a Aq. - Chic, Mil. & St. P. evt. 4%s Chile Copper 6s ... . Goodyear Tire, 88 1941........... - eat Northern 7s, A. Great Northern 6: Montana Power 5s A.. Northern Pacific rfg, 6s B-......R 109% Northern Pac. new 6s D........8 - Northern Pacific Hen 4s....-.....T . Pacific Gas & Elec. 6s............ Penna R. R. gen. 4%8-----.-...4A S Sinclair Con. Oll 6s 1927-.-.....-.B 1 ooene Southern Pac, cvt. 48.--..--.-.--C Union Pacific 1st 4s_-.--..-....D -- ----- U. 8. Rubber 6s ---. B 49 4 93% Utah Power & Light 6s--......¥ 2 89% — Western Union 6%s8 ---- Westinghouse Blec. 7s. 3 106 105% 106 ,000, Hight in Salt Grek 79, southwest pumper. Wyoming northwest pumper; ? 1,117 feet, Midwest west o 3 1,888 barrels initial Salt Creek southeast of pumper 1,078 feet, of pumper 24-40 oll of Commodity Trade’ News irope has been 4 of flour needs, Eu wheat Ins Squipment, or ri in the pl of the International Pa pan droel velopment the Gatineau rly will require equipment < on of 180,00 horsepower 160,000 hor Automobiles. ZADING, I oa ad is planning service with a bu from Jer Hope, 2 tor tain. At the latter place, three con cerns utilizin, 1,000 workmen, are producin, elgian blocks fe the &. 15-year program of the Cuban rain Opinions un Fruit, I Isc | r ir t the marke Berrie ure | H 1 n and selling to dealer t drawer of six baskets. « iS = son M. Oil. in a scalping if t being. HOUSTON The datly pa crude ofl production {in Bart! 4 Texas and Gulf coast field the | tines t at last wee a de- | chases o c vene er buying t t Thom M r If hiet PORTI There 18 |) wheat price ure to r been a lull in the export re must be t ft flour tr > Pa rthwest rand for cash Purchases for t have -_— a In Small or Ask for Our Odd lots of stoc! cash or Associate Gladstone Hotel Private Wires to All Principal Markets f You Can Buy Good Securitie Large Partial Payments Plan and Members New Lots on Terms. s bought outright for carried on conservative margin. HILL, WEAVER & CO. Investments urb York C Casper, Wyoming a