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THURSDAY, MARCH g, 1924 Oil :• Finance Bonds :* Stocks :♦ Grain Livestock AH Markets BEET INDUSTRY SETS CUBAN SUGAR BACK Importance of Island Crop Decreasing Steadily With Development of Beet Growing; Big Acreage in Sight This Year. By J. C. ROYI.E (Copyright 1924, Casper Tribune) NEW YORK, Murch s.—The post tlon of Cube in the sugar Industry Is steadily becoming of leaa Import ance. Consumers and retailers who keep in close toijfh with •market are optimistic that future price will be confined witiiln a moderate range unless unexpected weather developments disrupt conditions. They are therefore buying refined »u»ar only for immediate needs at present, preferring to let the re f Rners run that risk and carry the stocks. The biggest beet sugar year In Ibe history of the country is In the making, according to estimates of acreages now under contract. Grow ers assert that if conditions during the growing and harvesting season are even reasonably favorable the year will see a production of beet sugar not hitherto approached. Re cords of the Colorado crop report ing service affiliated with the de partment of agriculture show that sugar beets were the moat valuable crop In that state last year In pro portion to the acreage planted. An increase of acreage of at least 20 per cent Is indicated there this year. The Great Western Sugar com pany expects to contract this sea son for more than 160.000 acres, the Holly Sugar corporation for 15,000 to IS,OOO acres, the Independent Sugar corporation for 8,000. the American Beet Sugar company for 80,000 and the National Sugar com pany for 6.000 acres. Equally heavy plantings are expected In other sugar beet states. Ths optimism of the manufac turers and growers is based on two factors. The first Is tho success which attended the Invasion of east ern market hitherto in the grip of the cane sugar refiners in 1923 and the resultant high prices which the product yielded. The second is im proved feeling which exists between the growers and manufacturers as a result of the 1924 contracts which have been negotiated in the inter mountain states, in Michigan and Ohio and on the Pacific coast. These contracts tn most Instances are on a higher sliding scale basis than ever before has been offered beet farmers. This has promoted an ac cord which it is believed will tend toward a better handling of beet workers and more advantageous sale of the manufactured product. Commodity Trade News Flour KANSAS CITY, March 6—The flour trade is reported to be better in thia section than in some weeks. Supplies in the hands of bakers are •aid to be getting low and some ord ers are coming in from eastern bakers. Fig Iron PITTSBURGH, March 6—Pig iron contlnuea remarkably dull with few sales to show where the mar ket stands, and little inquiry. Prices at valley furnaces are 523 for Bes semer, 822 for basio and |23 for foundry. Textiles PHILADELPHIA March 6. Manufacturers of tapestries report business placed by wholesalers is smaller than that of a year ago. Retailers are buying cautiously, pre ferring to have others carry the heavy stocks. BUSINESS BRIEFS FORT WORTH, March 6.—The demand for farm loans in this sec tion is only about 70 per cent of normal, according to banks in Texas, indicating good profits from last year’s crops- Agricultural Imple ments are in greater demand than in many years. DENVER. March 6.—Denver led all large cities of the tenth federal district in building the first two months of the year. The increase In permits over the .first two months of last year was 8624.150. ST. PAUL, March 6.—Wholesalers and jobbers In the Twin Cities are buying cautiously, being uncertain over the spring and summer trade outlook. Growing confidence is re ported among county merchants based on gold results expected from the 810.000,000 agricultural credit corporation. PHILADELPHIA, March 6.—A chart prenared by the Fedora! Re. eerve Bank for the third district shows that In only silk goods, thrown silk, seamless hosiery, cot ton yarns and lightweight under wear, out of 89 classifications, 1* demand ’’poor to fair." Prices are lower for cotton yarns md seamless hosiers', unchanged to lower for dry goods, fully fashioned hosiery and thrown silk, and in all others either firm or unchangod. ST PAUL, March 6.—Railroads of the northwest tav 0 just begun their 1924 maintainance and improvement programs involving expenditures of 8100,000.000 and employment of 25.- 000 extra men. Full forces are scheduled to be employed by the end The effect of the industry on tho financial and business position of the country as a whole l a Illustrat ed accurately in the banking posi tion tn the Intarmountain states For example. the index of redis count* and loans at the Salt City branch of the Federal Reserve Bank serving Utah, the larger part of Idaho and Eastern Nevada. Shows that wherea* in* 1920 these items reached a peak of 844.000.000 compared with deposits of 86.500.- 000, the present total of rediscounts and loans is around 18.000.000 with deposits of 89,000.000. This im proved condition is attributed large ly to the recovery of the sugar beet industry. The companies making sugar there are In a greatly improved can dition and the farmers who planted beets have prospered. There is a notable lack of the com plaints which have come In such volume from the agricultural sec. tions devoted largely to wheat, or in which crop diversification has not been practiced, and this has been attended by reports of better trade by merchants and large sales by manufacturers and wholesalers in other sections. A deal now is “on the fire" which may result in a realignment of the sugar situation in Wyomlngband California. The Holly Sugar corpora tion of Colorado has acquired a large minority interest In the stock of the Wyoming Sugar company operating n plant at Worland, in the Big Horn basin, and has obtained an option on the remainder. The Great West ern Sugar company has offered to take over stock and option at a profit and if the offer is accepted the Holly Corporation will abandon Its plan of transferring Its plant at Anaheim California, to Torrington. Wyoming, where it has contracted for 8 000 acres of beets this season. The Worland district would be con siderably expanded. The Great Western company con siders the Torrington district a tri hutary to its factories in Western Nebraska, and is willing to take over the Worland plant at a profit to the Holly company provided the Torrington factory is not put in operation. As an Inducement, It is said, that Great Western is willing to divert enough beets from th* Hillings, Montan* district to the Holly plant at Sheridan to allow capacity operations there. Live Stock FORT WORTH. March 6.—Cattle and sheep thrived in the southwest this winter owing to exceptionally favorable range conditions and will be ready for market earlier than usual. Tho bulk of sheep will be in fit shape between May l and May 15. While the number of mutton sheep or wethers will bo reduced, there will be a larger number of mutton sheep or wethers will be reduced, there will be a larger num ber of ewes and lambs. KANSAS CITY, March B.—High priced corn continues to be the dom inant factor tn the livestock trade here. Prevailing prices for fat cat tle have not justified the farmer jy feeder in feeding stock any great length of time, and as a result the percentage of unfinished and half fatted animals sold through this market in February was near a rec ord. of April. Five roads centering in the twin cities plan to make capital expenditures of approximately 835,- 000,000 for the purchase of new equipment and rebuilding of old Em ployment conditions thruout the northwest are reported excellent Wholesale business has shown mark ed improvement within tho last week. PITTSBURGH. March Most of the steel mills In th® Pittsburgh districts are operating at or near capacity with prospects for continu ance of this schedule Indefinitely. Mills report railroad buying of large volume and automobile manufactur ers also are actively in the market' for steel. Orders for tubular goods ha’-e Increased and pipe is In better demand. Wholesale drygoods trade In Pittsburgh is estimated at about 11% Per cent below normal. Retail trade In men's clothing and footwear has shown some improvement. Building material Is moving freely and hardware is in good demand with prices firm. BOSTON. March 6.—Pullcation of a previously suppressed report by the state department of labor and Industries on tho textile situation showing that certain grades of cot ton goods can be produced 13 cents a pound more cheaply in the south, has aroused considerable comment here. The report showed that where as wages pc? hour In Massachusetts are 41 cents an hour, in Virginia they average 32%. North Carolina 29%, Georgia 24, South Carolina 23 and Alabama Expert watch and Jewelry repair Ing. Casper Jewelry Co , O S Bldg. New York Stocks Last B*l* Allied Chemical A Dye — T -. 68% American Can 117% American Car A Foundry 169% American International Corp 22% American Locomotive 75% American EknalUng A Refg... 61 American Sugar . 68% American T. and T. ——J 30 American Tobacco 150 American Woolen 75% Anaconda Copper 34% Atchison .. 99% AU., Gulf and West Indies d 17 Baldwin Locomotive 123% Baltimore and 0hi056% Bethlehem Steel , 57% California Petroleum ----- — 35 Canadian Pacific 145% Central Leather -, r -„ - ~ 12% Cerro de Pasco Copper 47 Chandler Motors ——— 61% Chesapeake and Ohio 72% Chicago and Northwesternso% Chicago, Mil., a St. Paul pfd 25% Chicago, R. 1. and Pac. 23% Chile Copper 17% Chino Copper — 17% Conacll'AUM Gas 63% Com Products- 177% Cosden Oil 25% Crucible Steel „ , 64% Cuba Cane Sugar pfd. 68% Erie 24% Famous Players Loaky G7% General Asphalt — 41 General Electric —209% General Motors 15% Great Northerp pfd 56% Gulf States Steel S 3 Illinois Central —, ~, , 101 Inspiration Copper 24% International Harvesterßs% Int. Mer. Marine pfd. ' 31 International Paper 32% Invincible Oil 14% Kelly Springfield Tire 2J% Kennecoic Copper 36% Limo Locomotive 66 LouteviHa and Nashville St Mack Truck ... r - 37% Marland Oil 37% Maxwell Motors 14% Middle States Oil 4% Missouri. Kan. A Tex new . 11% Missqur Pacific pfd. 38% New York Centra! 101% N. Y. N. 11., and Hartford 19% Norfolk and Western— 116% Northern Pacific —— 51% Pacific Oil 52% Pan American Petroleum B . 40% Pennsylvania 43% People’s Gas 94% Producers and Refiners 35 Pure Oil 25 Reading 55% Republic Iron and Steel 57% Sears Roebuck 90% Sinclair Con 0i122% Southern Pac flc 87% Southern Railway bo Standard Oil of N. J. 38% Studebaker Corporation 102% Texas Co. Texas and Pacific 28% Tibacco Products A89% Transcontinental Oil 4% Union Pacific —128% U. S. Ind. .Alcohol 77% United States Rubber ——, 83% United States Stoel 104 Utah Copper.... 67% Westinghouse Electric 62% Willys Overland 12% American Zinc, Lead and Sm. 88 Butte and Superior , , 17% Colorado Fuel and Iron 28% Montana Power 62% Nat'onal Lead 142 Shattuck Arizonas%B OIL SECURITIES By Wilson Craiuaer A Co. Bid Ask Be*Mmer - —— .25 .27 Big In Alan .20 .22 Boston Wyoming .... 1.00 1.10 Buck Creek ,19 .21 Burke .28 .32 Blackstone Salt Creek- .28 .33 Chappell .13 .18 Columbine .11 .13 Central Pipe Lineß.ls T. 25 Consolidated Royalty .1.25 1.30 Cow Gulch .03 .04 Domino - .09 .10 Elkhorn - ——.o4 .05 E. T. Williams .60 .62 Fargo .13 .14 Frants -...—6.50 7.00 Gates . .10 .13 Jupiter - .00% .01 Kinney Coastal - .13 .13 loanee Creek Royalty - .02 .02% Marine 3.50 3.75 Mike Henry —.00% .01 Mountain A Gulf -1.45 1.50 New York 0i110.50 11.50 Picardy - .04 .05 Preston .00% .01% Red Bank 11.00 12.00 Royalty A Producers .09 .09% Bunset - .01% .02 Tom Bell Royalty .03 .03 Western Exploration - 8.50 3.75 Wyo. Kans .75 .80 Western States .20 .23 Y. OU .XI . 49 NEW YORK CURB CLOSING Bld Ask Mountain Producers - 18.50 18.63 Salt Creek Prda. 22.00 22.25 Salt Creek Cons. - 8.50 8.75 Prod, and Refrs. 35.00 35.23 Mutual 12.50 13.63 S. O. Inttana 63.13 63.25 METALS NEW YORK. March 6.—Copper steady; electrolytic spot and futures 13%014. Tin strong; spot and nearby 57.00; futures 56.62, Iron steady; prices unchanged. Lead steady; spot 9.00© 10.00. Zinc quiet; East BL Louie spot and nearby 36.6506.70. Antimony spot 11.80. FLAX DULUTH, Minn.. March 8.-—Clos ing flax Mtrch 2.97%; May 2.57©; July 2 54%. <r»e Casper ©aflp CriDune UIKWB AND OUOTAHQNB BY LEASED WIRE: Standard Oil Stocks j Rid Ask Anglo 16% 17% Buckeye 70 71 Continental ———. 48 49 Cumberland 133 140 Galen* 62% 63% Illinois ————— 143 145 Indian* . 93 94 Nat. Tran. —, 23 23 N. Y. Tran BO 82 Nor. Pips .101 101 Ohio OH - 6g 70 Prairie Oil . 23Y% 238% Prairie rip® 103% 104 solar Ref. . ;oT 310 Sou. Pine 92% 94 S. O. Kan. 44% 43% S. O. Ky. 109% 111 H. O. Neb. 9Bl 234 8- O. N. T. 43% 43% S. O. Ohio 322 324 Vacuum 64% 64% 5. P. OU 117% 153% 8. O. Ind. —— 63% 63% [crude market Cat Creek 81.80 Lance Creek 1.75 Osage 1.75 Grass Creek, light X.BO Grass Creek, heavy ———— .90 Torchlight - 1.80 Greybull l.BO Elk Basin . 1,80 Rock Creek 1.55 Salt Creek 1.45 B g Muddy;l,3s Mule Creek ——— .95 Sunburst .95 Hamilton Dome—.... 1.40 Ferris . 1.65 Byron - ——.—...1.95 Notches — — .85 Pilot Butts 1.10 Lander .70 | livestock" Chicago Prices CHICAGO, March 6.—Hogs—Re ceipts 36.000; heavy butchers steady to 5c higher; others mostly 5a high er; good and choice 200 to 300 pound butchers. 87.4007.50; top. 87.55; de sirable 150 to 190 pound averages, largely 37 2507.35; bulk packing sows 86-3506.70; killing pigs un changed; bulk better strong weights 85.7506.16; heavy weight 87.35© 7.55; medium 87.3007.50; lightweight 87.0007.45; light light 86.0007.35; packing sows smooth, 36.5006.75; packing sows, rough, 86.25©6.50; slaughter pigs, 84.2506.25. Cattle—Receipts 101000; beef steers steady to strong; spots un. evenly higher on well conditioned weighty offerings; top matured steem, 812.00; several loads 811-350 11.90; best yearlings, mixed steers and heifers, 811.35; bulk fed steers, !8.25®10.50; she stock and Stockers and feeders firm; bulls slow; veal era practically steady at 89.00©10; mostly for light and handy weight offerings to packers. Sheep—Receipts 8,000; fairly ac tive; fat iambs around steady; sheep steady; shearing and feeding lambs steady to weak; early bulk fat wooled lambs 815015.75; some held higher; good and choice fat ewes, 39.50 0 10; several decks good shearing lambs, 415.15. Omaha Quotations. OMAHA, Neb., March 6.—<U. 6- Department of Agriculture.)—Hogs —Receipts, 20,000; generally steady: bulk 220 to 300 pound butchers, $7.00 0 7.15; desirable 180 to 210 pound weights, 86.7007.00; plainer grades of these weights and light lights, 86.2506.65; bulk packing sows, 86.3506.50; stags out at 35.00 ©6.25; average cost yesterday, 86.93: weight, 240. Cattle— Receipts. 5,700; beef steers and yearlings, slow, steady to weak; spot 10015 lower; top steers averag ing 1,687 pounds, 810.90; bulk steers and yearlings, 87.8509.25; she stock moderately active, steady; vealers and bulls, steady; Stockers and feeders, scarce, steady to strong; bulk butcher cows, 84.5006.00; fed heifers, 85.5007.00; canners and cutters, 82.5003.75; bologna bulls. 34.2504.60; practical veal top, 89.50; bulk stackers and feeders, 36.50® 7.60. tiheep—Receipts, 8,500; slow; fat lambs, steady to weak; wooled lambs, 815.40015.65; e top, 815.65; sheep and feeders, scarce, nominal ly steady. Denver Prices. DENVER. Cok%, March 6.—<U. 8. Department of agriculture.) Hogs- Receipts 2,400; around steady w«»h yesterday’s close, or 10c lower than beqt time; few choice drive-ins up to 37.15; top load 87; few choice medium weights several loads 185 to 220 pound averages 36.8506.90; packing sows mostly 35.75; few fat pigs 35.50. stock kind up to 85. Cattle—Receipts 400; calves 100: fat cows steady to strong; bert I, pound load 85.70: other sales 5.10 down; al! other classes steady: fairly good heifers 86-5006.25; can ners and cutters 8203 25- good steers 38.4008.65; plainer kind 87 ©8; no choice vealers offered; Stockers 86.65 down: few feeders up to 37: stock heifers 84.50. Sheep-—Receipts 8,500; early soles fat lambs steady; several loads at 814.83 to 315. freight paid; feeder lambs steady, few 64 pound aver ages 814.90 freight paid; no sheep sold early. LIBERTY BONDS I NEW YORK. March I.—Liberty bonds closed. 3%5, 98.24; First 4%s 98.26; Second 4%s 98.24; Third 4%s 98.25; Fourth 4%s 98.27; U. S. Gov ernment 4% 99.28. Flour MINNEAPOLIS. Minn., March 6. —Flour unchanged; Bran 24.00. STOGKTREND UPWAHDTODAY Bear Offerings Are Absorb ed in Reaction to Over selling NEW TOKK March aßlock prices displayed a strong tons in today's more active session. Offer ings of professional bear trader* were readily absorbed. Indications that a number of stocks had been oversold wa* Men In th e rapid man ner in which they were b’d up when the forced liquidation had been cotn- Dieted. Sale* approximated 800.000 share* NEW YORK, March 6 —Stock prices continued to move within a narrow trading area at the opening of today's stock market, large traders showing a disposition to re strict their commitments until after the March 15 tax payments. The general list displayed a relatively Ann tone, Union Tank Car moving UP two point*. Case Threshing Ma chine broke seven points to 53, a new 1924 low. Heavy buying of the tobaccos and low priced rails featured the early dealings, Schulte Stores climb ing 4%, Tobacco Products 2 and Phillip Morris, Pittsburgh and West Virginia. Frisco preferred and Mis souri Pacific preferred a point or so. Independent strength alsj de veloped in other section* of the li*t, DuPont, Maxwell Motors A. Ameri can Sugar Refining, American Hide ■nd Leather preferred and Brook lyn Manhattan Transit common and preferred being among a down stock* to climb a point or more above yesterday’s final figure*. Tidewater Oil dropped two points and Pacific Coast 1%. Foreign ex changes opened steady. Heaviness of tho Pan-American ssuee and bear attacks against Penn Seaboard Steel and Coca Cola, the last named dropping 2%, were used by professional traders a* a screen to cover the accumulation of stock In other sections of the list. Some of the high priced specialties made good gains, Wool worth jump '•ng 5% to 304. a now high. Corn Products climbed 3% and General Electric 3 A good buying demand also was noted for American Can. Gulf States Steel, Davison Chemical and the sugar stocks, gains of a point or more being quite common. Rails held relatively steady. Call money opened at 4% per cent. Spirited buying of American Woolen, y. 8. Alcohol and Amerl -an Can, the last mentioned touch ing 117, featured the early after noon dealings. Advances of one to 'our points were scored by a num ber of relatively inactive issues, niong which were Associated Dry Goods, Colorado Fuel and Interna tional Harvester. Woolworth ex tended its rise to 11% points, touch ng 310. • The closing was strong. Active bidding up of a number of specie'- tie* featured the late dealings. S- S. Krees jumping 10 points and American Tobacco 4%. not Sn is FORBES' PLEA TOU.SJBE Former Director of Vet Bureau Arraigned For Fraud. WASHINGTON, March 6—Charles R. Forbes, former director of the veterans bureau, pleaded not guilty today before a United States com missioner to charges of fraud, con spiracy and bribery handed down by a Chicago grand jury. Bond was fixed at 310,000, which Forbes immediately furnished. He will appear In federal court at Chi cago for trial on March 17. Forbes appeared before the com missioner voluntarily with his coun sel, James H. Eaaby-Smith, who rep resented him in tho long hearings before the senate veterans com mittee. The government was rep resented by Hugh A. Fisher, special assistant to the attorney general, who presented copies of the three Indictments. Estimates on Physical Value Os Body Denied CANYON, Texas. March 6. —Re ports that Dr. C. A. Plerlo of the West Texas Normal college, recent ly estimated the worth of tho chem icals In the human body at 98 cents and indicating his remarks were hased on an analysis mode by him were erroneous. His statements wore made in an address before one of, the literary societies of the nor mal and the chemical content of the human bo<sy he gave was from an old well known report. Dr. Plerle says. Dr. Plerle never made a chem ical artalysls of a human body and did not state he had done so. For results try a Tribune Clas sified Ad. RALLY IN CORN FAUSTO HOLD All Grains Given Setback After Early Display of Strength CHICAGO. March 6.—Free selling on the part of numerous holder* took place in the corn market today following an early bulge In prices. The selling wu partly du e to fore casts of a cold wave and partly to lack of demand for low grade re ceipts here. The close was unsettled at He to %®%c net decline. May 80%0 to 80% ©Blc. CHICAGO, March B.—Corn took an upward swing In price today dur ing the early dealings and Imparted more or less firmness to other grains. Bad weather conditions, likely to curtail shipments of corn from much of lowa and Illinoig, ap peared to be the chief bullish factor. Pit offerings of corn were scarce. After opening at Ho off to a shade advance, May 81% to 81 %c, the corn market scored moderate gen eral gains. Later, the market was swayed largely by Indications nf several days of cold weather which might facilitate an Increased movement of corn to terminal centers. Wheat was Influenced by corn strength and by expectations that a tariff raise would soon bo an nounced. The opening, which ranged from %©%c off to lie up. May 81-11% to $1.11% and July 11.11%. was fol lowed by a slight sag in some cases and then by a new rally. Subsequently, advices from Wash ngton about the McNary-Haugen fill led to considerable selling and to weakness of prices. The close was unsettled, at the same u yes terday's finish to %c lower, May 51.11% to 11.11% and July 11.11% to 11.11%. Oats lacked aggressive support. Starting unchanged to He higher. May 48 %e, the market receded somewhat. Provisions were flrm in line ,with hog values. Open High Low Close WHEAT: May . 1.11% 1.11% I.H i.n% July . 1.11% 1.11% 1.11% i.n% Sept. . 1.12% 1.12% 1.12 1.12% CORN: Mayßl% .81% .80% .80% Julyßl% .82 .81% .81% Sept.Bl% .82% .81% .81% □ATS: May . .48% .48% .47% .47% July . .48% .46% .45% .45% Sept. .43 .43 .42% .42% LARD: Mf»y 11.30 11.30 11.27 11.27 July -—11.50 11.50 11.47 11.47 RIBS: May 9.80 9.80 9.77 9.77 July 10.07 10.10 10.07 10.07 BELLIES: May .—.... .... 10.40 July 10.72 Cash Grains and Provisions. CHICAGO. March 6.—Wheat- No. 3 red, $1.0801.10%; No. 2 hard. $1.10%® 1.14%. Corn—No. 3 mixed, 76%©78c; No. 3 yellow, 77%®78%c. Oats—No. 2 white, 47%®48%c; No. 3 white, 46%©48c. Rye—No. 2, 70%c. Barley—6B® 82c. Timothy seed—s6.oooß.2s. Clover 5eed—516.50028.50. Lard—sll.os. Rite—B9.6B. Bellies—slo.l2. Foreign Exchange NEW YORK. March 6.—Foreign exchanges. Irregular. Quotations In cents: Great Britain, demand 429%; cables, 429%; 60 day bills on banks. 427%. France, demand 3.69%; cables, 3.97. Italy, demand 4.27%; cables, 4.28. Belgium, demand 3.44%: cables, 3.45. Germany, de mand per trillion, .23. Holland, de mand 37.19. Norway, 13.53. Sweden. 26.11. Denmark, 15.79. Switzer land, 17.30. Spain. 13.20. Greece, 1.63. Poland. demand .000012. Czecho Slovakia, 2.89%. Jugo Slavia, 1.26. Austria, demand .0014. Rumania, .53. Argentina, demand 34.12. Brazil. 12.15. Tokio. 44%. Montreal, 96 21-32. COTTON NEW YORK. March 6.—Spot cot ton quiet; middling 29.05. Butter and Eggs CHICAGO, March 6.—Butter— Higher; creamery extras 45%c: standards, 46c; extra firsts. 45® 45%c; firsts, 44®44%c; seconds 43® 43%c. Eggs—Higher; receipts 10.- 420 cases; firsts 23©23%c; ordinary firsts 21023 c. [“ SUGAR ] NEW YORK, March *6.—There were no changes In the refined sugar situation with granulated quoted at 88.00 to 9.15. Refined futures were nominal. Sugar futures closed steady; ap proximate solas 20,000 tone. May 5.49; July 5.54; September 5 52; De cember 5.00. The adoption of the metric sys tem of weights and measures in all Russian trades and industries Is to he compulsory before the end of the year. New York Bonds FOREIGN. Rep., 8« rtfs 95% 95% 95% French Republic, 7%s - 94 93% 93% Japanese 4s 79 78% 78% Klnsaom of Belrlum. «. 1.- lel , Kingdom of Norway, 6s n .. 93% 92% 93 Rep. of Chile Bs. 1948 —104% 104 104 State of Queensland, 6* 100 u 100% 10014 V. K. of G, B. A 1., 6%5, 37 100% 100% 1O0’» Railway and Miscellaneous American Smelting 5s _ w 92% 9"% 92% American Sugar. 6s Joi% 101% 101% American Tel. col. tr., 5598 97% Anaconda Copper. 7s. 1938 ... 98% jkg Anaconda Uupper. •■. 1955 ..., 9«% 96 9H At. T. A Ban Fe gen. 4a —— 8«% 86 *8 Baltimore and Ohio cv., 4%s *s% 95% gjsi Bethlehem cteel Con., 6s Series a... 99% 99 Canadian Pacific dob 4a 78% 78% 79% Chicago, Burlington and Quincy ref. 5s A 97% 97% 971, Chicago. Mil and St. Paul cv., 4%r . 56 54% 54% Goodyear Tire, Ba. 1941 u<% n <% Great Northern 7a A 106% 106% 108% Montana Power 5a A 95 95 05 Northern Pacific ref . 6s B 102 101% 102 Northwestern Bell Tel.. 7a 107% 107% 107% Pac.fic Gas and EloctriO, 5s ... 92% 92% 92% Penn. R. R. Gen-, 5a 100% 100% 100% Sinclair Con. OH col., 7a 93% 91% 92% Southern Pacific cv. 4s ... 93% 93% 93% Union Pacific first 4s , 89 88% 89 U. 8. Rubber 5s 84% 83% 84 Utah Power and Light 5a 89 88% 88% Western Union 6%e _. 109% 109% 109% Westlnghouae Electrio 7s 107% 107% 107% Wilson and Co., cv., 6s 96% 96% 96% Crude Production Lower; U. S. Imports on Increase NEW YORK, March 6 Tho dally average gross crude oil production of the United States decreased 3,500 barrels for the week ended March I. totalling J. 884,900 barrels, accord •ng to the weekly summary of the American Petroleum Institute. The daily average production east of the Rocky Mountain* was 1.238,800 bar rels. an Increase of 1.750. California production was 646.100 barrels, a de cree* of 6,250. Oklahoma had a dally average production of 402,150 barrels, de crease of 5,950; KenMl 69.200 bar rels, decrease of 1.150; north Texas 67.500 barrels, increase of 2.400; cen- Market Gossip and Briefs On Operations in Oil Fields Factory For Powell A newly patented tire rim lever Invented by two young Cowley men is soon to bo manufactured In Powell, according to present plans. Finishing Tank Work The American Bridge company lias completed Its contract at the Sinclair Crude Oil Purchasing com pany tank farm at Clayton. Before long the Chicago Bridge and Iron worka will alus have fulfilled its contract. It is said that it was intention erf Sinclair to erect at least 70 more tanka at Clayton, but tliat p'ans to do tills were stopped when the Teapot probe became too warm. World’s Deepest Well Natural gaa men and oil produ cers everywhere will be Interested in watching the latest attempt of the Hope Natural Gas company to explore the depths of West Vir ginia. The new deep well, which will go down 10.000 feet at least, is located on th© Joseph Gordon farm on Balt Lake, one mile north of Terra Alta* West Virginia. It is out where the hills grow steep and It Is a great stroke of enter prise on the part of Hope officials to make this unusual attempt to help West Virginia retain her place as an <4l and gan producer. The Hope company now lias the honor of having the deepest well In the world, a fine dry hole, which MONEY I NEW YORK, March 6. Call money steady; high 4%; low 4%; ruling rate 4%; closing bld 4%; erf. fcred at 4%; last loan 4%. cal] loans against acceptances 4. Time loans steady; mixed collateral 60-90 days 4%; 4 0 months 4%; prime com mercial paper 4%. SILVER NEW YORK. March 6.—Bar sil ver 64 1-8; Mexican dollars 48%. POTATOES . CHICAGO, March 6. Slightly stronger on whites: trifle easier on Early Ohios; receipts, 55 cars; total U. S. shipment.". 928; Wisconsin sacked round whites, $1.1501.35; bulk. $1.2501.50; Minne sota and North Dakota sacked Red River Ohios, $1.5001.55; Idaho backed Russets. $2.2003.30. Wyoming Olis. NEW YORK, March 6.—Prices of Wyoming oils at 2 p. m. today were listed on the New York curb os follows: Standard Oil of Indiana, 62%; Glenrock, 32; Mountain Producers, 18%; Mutual, 12%; Omar, 70; Salt Creek, 22. PAGE NINE tral Texas 201,300 barrels. Increase of 5,800; north Louisiana 50,900 barrels, decrease of 750; Arkansan 121,050 ban-els, increase of 1,600; Gulf Coast 97,150 barrels, increase of 2,800; eastern eastern 100.000 barrels, decrease of 2,000; Wyoming and Montana 129.550 barrels, de crease of 1.000. Daily average imports of petro leum at principal ports for th* week ended March 1 were 318,571 barrels, compared with 258,428 barrels for the previous week. Dally average receipts of California oil at Atlantia and Gulf coast ports were 193,714 barrels, compared with 189,714 for the previous week. Is situated near Fairmont, West- Virgin la. It took 325 actual drill ing days to complete the famous dry hole well, or at least to drill it to the point where the toefla stuck in the hole, 7,579 feet below the derrick. It may take as long to get down that far In the naw well, although those In charge are going to speed things up. a© that w>me data on deep holes will be available within a year. Western States Program. Seven wells will be drilled during the summer on Western States Oil and Land company leases in the Salt Crock field, according to present plans. Most Important of its present operations Is Its deep test well in Hamilton Dome, Hot Springs county. This well la expected to hit production momentarily. Ohio Plana Test. Test of the Haystack structure near Longmont, Colo., will be start ed by the Ohio Oil company within the next month, says a report from Longmont. If necessary, the Ohio will push this test to a depth of 6.000 feet in order to pick up the Hygiene sand. Another Mutual Deal. Aequisltion by the Mutual OH company of 320 acres of producing leases near Tulsa leads to the belief that the Sapulpa reflning plant there may be token over shortly by the Mutual. WOW CASE IS SET. (Continued from Page One) injunction and will fix a date in the near future for argument on mak ing the injunction permanent pend ing final decision of the courts In the oases asking annulment of the leases. The federal district court of Southern California, couns> 1 believe, will follow a similar course with regard to the Doheny lease and con tract. .JI DGE KENNEDY TO HEAR CASE CHEYENNE. Wyo„ March Judge T. Blako Kennedy of the United State* court for Wyoming this morning set Thursday, March 13, at 10 a. m. for appearance before him hero of Atlea Pomerene and Owen J. Roberts, government oil counsel to argue a motion In con nection with a government suit for annulment of the Mammoth Oil company's lease on the Teapot Dome naval oil reserve. The date was set on telegraphic request of the government counsel and was ac cepted by them. There Is no Infor mation here concerning when the government's suit will be filed.