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.