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I WEDNESDAY, MAY 7, 1924. Oil :: Finance :: Bonds :: Stocks :: Grain :: Livestock :: All Markets - - .NEWS AND QUOTATIONS BY LEASED WIRE ~ BURLINGTON SHOWS REVENUE INCREASE • - Transportation Cost Ratio Lowest in 1923 Since 1917 but Net Income Falls Off, State ment Issued Today Shows. CHICAGO, May 7.—A total In crease of 3.85 per cent !n revenues, compared with a transportation cost Increase of 0.83 per cent was shown In tho annual report of the Chicago. Burlington and Quincy Railroad company for 1923, made public to day. The transportation cost ratio of 37.01 per cent was the lowest elnco 1917. Net Income was $19.- 290,529, compared with $20,261,487 for 1922. Railway operating revenues totalled $171,270,660, compared with $164,- 916.47*0 for 1922, while railway operating expenses aggregated $134,- 290,378 against $126,777,703 for 1922. After payment of $17,083,700 in divi dends and $294,250 for sinking funds, an Income balance of sl,- 917,384 was transferred to profit and loss, against $2,883,537 in 1922.' Increased freight business in 1923 was attributed to increassed ton nage of bituminous coal and manu factured products. Passenger and express rtvenuei also increased. The automobile is steadily cutting Into local passenger business but tho long hauls are increasing, tho report said. Additional train service required to handle Increased business, and as increase of $1,215,177 in expenses for maintenance of way and struc- Everyman’s Investment BY GEORGE T. HUGHES The Different Denominations of Bonds Bonds are Issued in varying de ‘nominations, usually SIOO, SSOO, SIOOO, SSOOO and SIO,OOO. Bond dealers re , sere to them as SIOO, or SSOO or SI,OOO pieces. The SI,OOO bond is the unit in bond trading. More SIOOO bonds are issued than any other denomination and there is a slight advantage in buying SIOOO bonds as they are a little easier to sell. Lib erty bonds were issued in denomina tions as low as SSO and some federal land bank bonds have been put out in a denomination of S4O. The rea son In this case for Issuing a S4O piece was to avoid half cents in the coupon as a 4% per cent rate on a SSO bond would require semi annual disbursements of $1.12%. Unless a bond house makes a specialty of .selling these small de nominations there is no profit in handling them. The investment banker, however, always hopes that the buyer of a SIOO bond will even tually become an investor on a larg er scale. As far as security goes there is absolutely no difference as between the denominations. The holder of a SIOO piece has just the same protection for his money as the owner of a SI,OOO bond. He does lose a little in the matter of market ability but that is not so important Commodity Trade News Fruit SPOKANE—Reports ■ from the apple districts of eastern Washing ton and Oregon indicate the recent freeze affected about half of the best producing sections with dam age ranging from 40 to 75 per cent in the areas touched, the worst loss in the history of the industry in this section. Shipments will be far below 30.000 cars and may total only 20,000 cars. HOUSTON—-Reports as damage to the east Texas tomato crop have been exaggerated. Not more than 25 per cent of the total yield will be affected. SAN JOSE—Forecasts earlier this year that the apricot crop would be damaged by drought seems to have been erroneous. Growers re port their orchards In fine condi tion and say the crop will be but little beltrw normal. Packing House Products CHICAGO—Many packers report that a distinct slowing up in col lections, notably in the east denote a purchasing power due to a slight drop in industrial activity during the past few weeks. While the trade In beef continues to be very slow th*re is a fair activity in pork. Automobile NEW YORK—The drop in sales of motor cars which took place in April waa strikingly Illustrated to day by announcement that sales by Genera! Motors In that month totaled only $57,000 cars and trucks ms compared with* 73,756 in March and 77,996 in February. Ice CLEVELAND—Tho City Ice and Fuel company and the Federal Ice Refrigerating company which con trol plants In many Ohio cities have put drivers on a salary and com mission basis and will shortly of fer employes stock on part pay ment plan. I,(restock FT. WORTH—Livestock agents of west Texas stated today the largest crop of ewes In the history of this section might be expected this o*ear. OU SHREVEPORT—The Arkansas Invincible OU Corporadoa. a sub- turee, principally due to storms and floods west of Missouri river, ond an Increase of $4,918,921 in mainte nance and repairs of equipment, in part due to the shopmen’s strike of 1922, were the major causes of in creased operating expenses, accord ing to the report. Increased wages also was a factor, the payroll hav ing increased from $36,917,360 in 1913 and $49,179,625 in 1917, to $82,017,006 in 1923. A steady improvement in the financial condition of the farmer, although very little land changed hands by purchase, was reflected in the 3.400 inquiries about coloniza tion, more than double the number in 1922, and 988 cars of immigrants’ effects were received on the Alliance, Casper, McCook, Sheridan and Ster ling divisions, or 301 more than in 1922. Agricultural activities were centered chiefly in promoting di versified farming and livestock pro duction. The report said 478 new industrial leases on the company’s lines re flects the gradual expansion of busi ness, with progress in the oil de velopments in the Casper, Wyo., territory. Near Keystone. 8. D M the discovery of feldspar deposits Is ex pected to result in those fields being worked with'profit. if he takes only issue* of high invest ment rating and small Investors ought to buy nothing else. Probably the best course for the small capital ist is to keep his savings in the bank until he has accumulated enough to buy a bond in the regular $-.000 denomination. If, however, he wants the im mediate higher return there is no ob jection to buying the so-called “baby bonds” provided always he avoids speculative issues and buys primari ly for permanent Investment. With preferred stocks there is no such handicap in the matter of a market. It is just as easy to buy or to sell one share of a preferred stock listed on the New York Stock Ex change as it is to buy or to sell twenty-five, fifty or one hundred shares. And some preferred stocks are quite as sound investments as some bonds although when both are Issued by the same coperation the bond holder has the prior claim. A bond holder is a creditor and must be paid as long as the corporation is solvent. The stockholder is a part ner. There is no obligation moral or legal upon directors to declare di vidends ever upon preferred stocks unless In their judgment tho fin ances of the company warrant it. Also to pay dividends out of any thing else than profits or surplus is unlawful. the holdings of the Smith Refining company in the Smackover field, consisting of 23 producing wells and 200 acres of land with equip ment for $1,000,000. TULSA —A, report compiled by the Western Petroleum Refiners areoolatlon shows 303 refineries in Oklahoma, Kansas, Missouri, Ar kansas and Louisiana with a dally capacity of 11122,065 barrels of crude oil. Coal PHILADELPHIA—Some of the local retail Goal dealers will ab sorb the advance In anthracite of 10 to 15c a ton marked up by the mine operators and will keep prices to consumers unchanged. PITTSBURGH—Somo contract tonnages have appeared in the Pittsburgh coal market giving the first signs of a revival of Interest in the Iocs! trade, which has been stagnant for several weeks. Tobacco ATLANTA—Bright leaf tobacco will be grown In more than five south Georgia counties this season as th a major crop. Cotton has been made to take second place by the small farmers of that section. Wool BOISE—The early sales of Ida ho wool have brought lower prices than were expected, some clips go ing as low as 86 to 89 cents. Grow ers are organizing pools to hold for higher prices. MONEY NEW YORK. May 7 —Call money steady: high 3%; low 3%; ruling rate 3%; closing bld 3%: offered at 3%: last loan 3%. Cali loans against ac ceptances 3%. Time loans steady; mixed collateral, 60 90 days 4% 04 %;04%; 4-6 months 44: prime com mercial paper 4%._ [liberty BONDS| NEW YORK. May 7.—Liberty bonds closed: 34* $99.26. First 44s 100.10. Second 44s 100-.5. Third 4 4« 100.21. Fourth 445j.100.1t. U. 8. ( government 4%s 101.23. New York Stocks Last Sale ■ < - - Allied Chemical & Dye 724 American Can 103% .American Car & Foundryls9 B American International Corp- 234 American Locomotive 73 B American Smelting and Refg_ 64% American Sugar 43 American T. & T. 126 American Tobacco __l4s American Woolen _________ 65% Anaconda Copper 32% Atchison 100% Atl. Gulf & W. Indiesl6% Baldwin Locomotive 118 Baltimore & Ohio «3% Bethlehem Steel 49% California Petroleum - 234 Canadian Pacific 148 Central Leather 12% Cerro de Pasco Copper4s% Chandler Motors 45 Chesapeake & 0hi074% Chicago & Northwestern 52% Chicago, Mil., & St. Paul, pfd_ 26% Chicago, R. I. & Pa 024% Chile Copper 27% Ch ion Copper 16% Consolidated Ga.-. G 5 Corn Products 176% Cosden Oil 31% Crucible Steel 53 Cuba Cane Sugar, pfds7% Erie 25% Famrtus P!ayers-Lasky 60% General Asphalt 36 General Electric 220% General oMtors 13% Great Northern pfd 57% Gulf States Steel 68 Illinois Central 103% Inspiration Copper 24% International Harvester 86% Int. Mer. Marine pfd36% International Paper 38% Invincible OH 12% Kelly Springfield Tire 15% Kennecott Copper 39 Lima Locomotive 60% Louisville & Nashville9l% Mack Truck —Bl% Marland OH 32% Maxwell Motors 11 B Middle States Oil 3% Missouri, Kan. & Tex. (new)ll% Missouri Pacific, pfd 41% New York Central 101% N. Y.. N. H. & Hartford 19% Norfolk & Western 123 Northern Pacific 53 Pacific OH 48 Pan American Petroleum 847% Pennsylvania 43% People’s Gas 94 Producers & Refiners2s% Pure OU 22% Reading 52% Republic Iron & Steel 46% Sears Roebuck 84 Sinclair Con. OH 19% Southern Pacific 88% Southern Ral’ways3% Standard Oil of N. J. 36 Studebaker Corporationß6% Texas Co. 40% Texas & Pacific 29% Tobacco Products AB7 Transcontinental Oil 44 Union Pacific 130% U. S. Ind. 91cobol 68% United States Rubber .29 United States St del 98% Utah Copper . <B% Westinghouse Electric gG% Willys Overland .... 8% Amer. Zinc., Lead and 5m.7% B Butte & Superior___ls% B Colorado Fuel & Iron 39% Montana Power 62% B National Lead 181% Shattuck Arizona 5% B ■ ♦ | Standard Oil Stocks Bid Asked Anglo Is% 16% Buckeye 62 63% Continental 42% 44 Cumberlandl34 135 Galena 57% 59 Illinois 136 139 Indiana 90 92 Nat. Tran 21% 22% N. Y. Tran 76 79 Nor. Pipe 97% 99 Ohio Oil 62% 64% Prairie Oil ____.22l 223 Prairie Pipe 103 103% Solar Ref 192 197 Sou Pipe 97 97% B. O. Kan 40% 41% B. O. Ky 104% 106 B. O. Neb. __________233 235 B. O. N. Y. 39 89% B. O. 0hi0290 292 Vacuum 61% «i% B. P. OH 134 136 B. O. Ind -.-—--_.58.00 68.25 CRUDE MARKET| Cat Creek $1.95 Trance Creek 1.90 Osage 1.90 Grass Creek light 1.95 Grass Creek, heavy .90 Greybull 1.95 Torchlight 1,35 Blk Basin 1.96 Rock Creek 1.70 Salt Creek 1.60 Big Muddy 1.60 Mule Creek 1.10 Sunburst _______ 1.05 Hamilton Dome 1.40 Ferris 1.65 Byron ... 1.95 Notches .65 Pilot Butte l.lO Lander .70 Butter and Eggs CHICAGO, May 7.—Butter, lower, creamery extras, 36c; standards. 36c: extra firsts, 35©35%c; firsts, 33%0 34%c; seconds. 30Q32%c. Eggs, higher; receipts, 29,016 oases; firsts, 22% ©23c; ordinary firsts, 20% 021 c; storage pack ex tras. 24 4c: SILVER NEW YORK, May 7.—Bar silver, 61%: Mexican dollars, 49%. Cal! tho Tribune for highway in* formation. dt Casper SDatlp Etfftune OIL SECURITIES By Wilson Cranmer A Co. Bessemer 25 .27 Big Indian - .05 .06 Boston Wyoming 90. 1.05 Buck Creek .23 -2M Burke .25 .27 Black Stone Salt Creek .28 ‘ .31 Chappell ——— .16 .13 Columbine - .13 .18 Central 1.90 2.00 Consolidated Royalty _1.25 1.27 Cow Gulch .03 .04 Domino ———— .08 .10 Elkhorn L_ .02 .04 E. T. Williams. 44% .45% Fargo .08 .10 Frantz 5.00 6.00 Gates . 11 .13 Jupiter .00% ,01 Kinney Coastal .11% .13% Lance Creek Royalty .01 .02 Marine 3.00 3.50 Mike Henry .00% .01 Mountain & Gu1f1.54 1.57 New York Oil-12.50 13.00 Picardy .03 .05 Preston .01% .02% Red Bank2l.oo 22.00 Royalty & Producers .06% .07 Sunset - .04% .05% Tom Beil Royalty .02 .03 Western Exploration __3.60 3.75 Wyo-Kans .90 1.00 Western Oil Fields.l3 .19% Y. Oil .05 . .06 -NEW YORK CURB CLOSING ' Bld Asked Mountain Producers 19.00 19.12 Glenrock Oil .30 .40 Salt Creek Prds 25.00 25.12 Salt Creek Cons 9.25 9.75 New York Oil ——12.00 12.25 Mutual —_xlo.l3 10.25 S. O. Indianas7.B7 58.00 I livestock" Chicago Prices. CHICAGO, May 7.—(U. 8. Depart ment of Agriculture.)—Hogs—Re ceipts, 21,000; fairly active, strong to 5c higher; mostly 5c higher; light weight, 5 to 10c up; big packers in active; bulk good and choice 250 to 325 pound butchers, $7.4507.55; top. $7-60; better grades 160 to 225 pound weight, mostly $7.2507.50; desirable 140 to 150 pound averages, largely $6.8507.20; bulk packing sows. $6.75 © 6.90; killing pigs, steady to strong; spots higher; bulk good and choice 120 to 130 pound weight, $6.0006.50; heavyweight hogs, $7.30@7.60; me dium, $7.2507.55; light, $7.0007.55; light light, $6.0007.35; packing sows, smooth, $6.7507.00; packing sows, rough, $6.6006-75; slaughter pigs, $5.0006.50. Cattle Receipts, 12.000; better grades beef steers, fat she stocks, steady; others, steady to weak; spots lower; early top matured steers, $12.35; several loads, $11.750 12.25; best yearlings, early, $11.00; some held higher: bulk fed steers, $8,750 10.75: choice heavy steere, scarce; yearling beef heifers in liberal sup ply; few early sales, $8.0008.75: can non and cutters, very slow; few strong weight cannera, $3.75 0 3.00; bologna bulls, largely steady, quality considered at $4.25©4.65, according to weight; vealers, steady to 25c higher; bulk light and handy weight calves to packers, $8.0009.25; few choice kind. $9.50; outsiders select ing upward to $lO 50 and above; stockers and feeders, scarce, firm. Sheep—Receipts, 18,000; fairly ac tive; early sales fat lambs, steady to strong; sheep, around 35c higher; very scarce; choice wooled lambs, early, $17.00; choice clippers, $15.50 to $15.65; few spring lambs, $16.75; wooled ewes, upward to $9.25; bulk clipped ewes, $8.2508.50. Omaha Quotations. OMAHA, Neb., May 7.—(U. S. De partment of Agriculture.)—Hogs— Receipts, 17,000; 5 to 10c higher mostly 6c higher; bulk 210 to 300 pound butchers, $6.90@7.05; top. $7.05; desirable 160 to 210 pound weight, $6.6506.90; few 130 to 160 pound averages,. $6.0006.50; early sales packing sows, weak to 10c lower; late sales, generally steady; bulk, $6.3506.50; average cost Tues day, $6.84; weight. 251. Cattle—Receipts, 10,500; market very slow; beef steers and yearlings generally 10025 c lower; top steers early, $10.90; some held higher; bulk steers and yearlings. $7.75010.50; she stock comparatively scarce; shipping cows and heifers, steady; others, 10© 16c lower; canncrs and cutters, steady; vealers, 25 to 50c higher; bologna bulls, 10© 15c higher; beef bulls, steady; stockers and scarce, steady; bulk butcher cows and heifers, $5 00© 3 00, cannera and cutters, $2 350 4 00; practical veal top. $9.00; bologna bulls. $4.2604.50; bulk •lockers and feeders. $6.75©7.75- no warmed ups offered. BhKp RroMpu, T.OOO; mnrk.t ■low: tat Ininbs, 10®is o h|,h«r; •■’•y sales clipped lumba, $14.65© 14.90; wooled lambs. $16.85; sheep, scarce around steady; five clipped ewea, $6.2506.75. , Denver Prices. DENVER, Colo., May. (U. 6. Department of Agriculture).—Hogs —1.000; mostly steady; medium to choice 190 to 235 pound averages, $6.70 to $6.96; cholca drlveina up to $7.00; light lights $5.25 to $6.25; packing sows mostly 15.75; fat plga $5.25; stock kind 5.00. Cattle—Receipts 2.400; calves 50; two thirds of run Texans on through billing; trade dull; calves sharply lower; best vealers $ll.OO to $11.50; fat she stock 100 lower; good heif ers $7.70; plain cows $5.25; cannera mostly $2.26; few bulla mostly $3.50 to $4.00; late yesterday; ohdlcg heavy feeders at $10.50. Sheep— Receipts 700; faX lambs 16 to 260 higher; top $15.60 for sev eral loads including 35 pound aver ages; two loads 90 pound good lambs $14.00, Flax DULUTH, Minn., May 7.—Close flax May $2.49; July $2.40%;-Sept ember $2,24. STOGKADVANCE IS WED OUT Close Irregular With Heavy- Offerings of Sinclair Issue NEW TORK. Nay T.—Later rear tlons today virtually cancelled an early rise in etock prices. . Through out most of the day there was a good demand for a variety of trials and railroad shares whidh scored average advances of a. point or more. Heaviness developed in the oil shares, an attack on them In the final hour unsettling the rest of the list. Sales approximated 600,000 shares. NEW YORK, May 7.—Narrow price changes marked the opening of stock market, although a generalljr firmer tendency was in evidence. Moderate gains were re corded by Baldwin, Studebaker and a number of rail, copper and tobacco shares. Some of tho oils, including Standard of New Jersey and Cali fornia and Marland yielded fraction ally to selling pressure. Continued accumulation of copper shares, carrying American Smelting and Kennecott Into new* high ground for the year, coupled with a widen ing inquiry for tobacco issues and several seasoned dividend paying rails, including Lackawanna, Nor folk and Western and Atlantic Coast Line, imparted considerable firmness to tho early trading. Recognized leaders also were marked up briskly. American Can advanced 1% points and General Electric 2, while gains of a point or more were registered by American Smelting, Air Reduction. Tobacco Products “A,” and Central Leather preferred. Oils, which were weak at the open ing, developed some recuperative power. Foreign exchanges opened steads*. Although initial buoyancy in in dustrials later gave Way to an ir regular trend, steadiness in specula tive favorites encouraged operations for the rise in various sections of the list. Brooklyn Union Gas moved up 1% to a new high for tho year at 63%. Air Reduction and Otis Elevator gained more than two points. Coppers continued to give a good demonstration of group jrtrongth and Western Pacific, Northwestern, Canadian Padffc and Louisville and Nashville led an advance in the railroad list. Fisher Body lost 3 points. Kelsey dropped 3 points to a 1924 low at 76. Call money opened at 3% per cent. Selling orders were distributed In Congolsum and Colorado Fuel, the latter breaking two points but oth er stocks forged upwards, particul arly the oils and railroads. Some of the non-dlvldend paying railroads' were more active, especially New Haven, Wabash preferred A. Sea board Airline preferred and Rock Island. International Harvester was up 2% and American Can. Woolworth, and Northwestern were included in the shares which showed advances of two points or better. The closing was Irregular. The market’s trend was reversed tn tho final dealings, when large blocks of Sinclair were sold, forcing that stock down to 18%, tho lowest of the year. Cosden. Marland and Davison also were heavy. | SUGAR NEW YORK, May 7—Prices of refined sugar were reduced from 10 to 20 points with the list rang ing from 7.40 to 7.60 for fine granu lated. Refined futures were nominal. Sugar futures closed barely steady; 4.12; July $4.22; September $4.27; De approximate sales 45,000 tons. May cember $3.97. POTATOES CHICAGO, May 7.—Potatoes, trading fair; market steady; receipts. 49 cars; total U. 8. shipments, 454; Wisconsin sacked round whites, $1.10®125; bulk, $1.10©1.30; Minns sota und North Dakota sacked Red River OhloH, $1.0001.85, according to quality and condition; new stock, Florida barreled rfpaldlng Rose, No 1, $8.0008.25; Teros sacked Bliss Triumphs, $3.00©5.40. Foreign Exchange NEW YORK, May 7.—Foreign ex changes. easy. Quotations in cents: Great Britain, demand 438 3-16; cables, 438 7 16; 60 day bills on banks, 435 15-16. France, demand 6.47; cables, 6.48. Italy, demand 4.49; cables. 4.40%. Belgium, de mand 5.22%; cables, 6.23%. Ger many, demand per trillion, .23%. Holland, 37.47; Norway, 13.90; Sweden. 26.46; Denmark, 17.00, Switzerland, 17.80: Spain, 13.84; Greece, 2.15; Poland, .000012; Csecho Slovakia. 2.93%; Jugo Slavia, 1.24%; Austria. .0014%; Rumania, .51%; Argentina, 33.25; Brazil, 11.40; Toklo. 40%; Montreal, 08 11-32. METALS NEW YORK, May 7. —Coppar quiet; electroytic spot and nearby 13%; futures 13%©13%. Tin weak: spot and nearby $47.00; futures $46.12. Iron easier; number 1 northern $21.50©522.00; number 2 northern $20.50©521.60; number 2 southern $22.000622.60. Lead steady; spot $7.25©57.50. Zinc quiet; east St. Louis spot and nearby $5.80. Antimony spot $8.87, GRAIN DECLINE IS LED BY CORN **r » > Depression Extends to Wheat Trading With Close Unsettled CHICAGO, May 7.—Corn suffered a sharp setback in price today as a suit of slow demand for grinding. It was announced that one Corn Products plant would shut down to morrow and that another waa con templating similar action. Tho break in the corn market weakened wheat also. Corn closed heavy. 1% to 202%0 net lower; July 77% to 77%c. CHICAGO, May 7.—ln sympathy with higher quotations at Liverpool, tho wheat market here scored some thing of an advance today during the early dealings. Reports, how ever, that the Argentine strike had been virtually settled acted us a check on tho upward tendency of values. Besides, demand here lacked volume. The opening, whlsh varied from %c off to %c gain, with May $1.04% and July $1.07 to $i.07%, was followed by a slight sag and then by small new upturns. Subsequently, 'the wheat market (elt the influence of the depression of corn. There was slso belief that a reaction was due owing to three days’ rfdvnnco. Wheat closed un settled, %c to %c net lower. May $1.04% to. $1.04% and July $1.06% to $1.06%. Oats und com’ were relatively easy. Buying was of only a scat tered sort,- After opening un changed to %®%c higher, July 78% .to 78%0%c, the corn market under went a little setback. Later, there was persistent com mission house selling and with lack of support evident the corn market gave way rapidly at the last, with May delivery showing the most weakness and closing at 75% to 76%c. the bottom figures of the day. Oats started unchanged to %c up, Tuly 44%c. and later held near to yesterday’s finish. Provisions were firm In line with hog values. Open H, « h Low Close WHEAT— Muy 1.04% 1.05 1.04% 1.04% July 1.07 1.07% 1.06% 1.06% CORN—” 107% 10714 1,0714 1,07% May _Z_ .77% .78 .75% .75% 78% .78% .77% .77% •"* - 78 * "V' July .44 >uly 10.S0 10.55 10.80 10.82 RIBS—"’ 107 11 07 11 05 110 S July . ____ , 0 0J 1016 1015 1015 Sept. 10g2 Cash Grains and Provisions. CHICAGO, May 7.—Wheat—No -2 herd, $1.06%. Corn—No. 2 mixed, 78 %c; No. 2 yellow, 79®79%c. Oats— No. 2 white, 49050 c; No. 3 white, 48®49c. Rye—No. 2, 66%©66%c. Barley—7o ©B2c. Timothy seed—ss.ooo7.so. Clover seed—sl3.soo2l.oo Lard—slo.6o - Bellies—slo.37. ..JJ2T ,CE BY PUBLICATION NOTICE OF INTENTION TO IN- CORPORATE AN INSUR ANCE COMPANY. NOTICE IS HEREBY GIVEN that heretofore, to-wit, on tho 26th day of April, A. D. 1924. C. A. Barton, T. J. Diamond, P. H. Smith, Harry L. Barton, and J. E. Beal associated themselves to gether for the purpose of forming and incorporating h life insurance company under the laws of the State of Wyoming. The name assumed ' by said company by which it shall be known is YELLOWSTONE NA COMPANY. LIFE INSUKANCE The objects and purposes for which said conipany is formed are as follows: To make insurance contracts and policies upon the life and health or either of persons and every insurance appertaining thereto or connected therewith ar.<i to grant, purchase and dispose jf annuities; to buy and sell or otherwise acquire and dispose of real, personal, or mixed property under such conditions and limita tions as are prescribed by the laws of the State of Wyoming pertain ing to insurance companies; to do and to perform all other acts nec essary and incidental to the per formance of tho main purpose for which said company is formed. The capital stock of said com pany shall be One Hundred Fifty Thousand Dollars ($150,000.00), divided into fifteen hundred shares of tho par value of Ono Hundred Dollars ($100.00) per share and which said stock when issued shall be fully paid and non-assessable. The numbed of the directors of said corporation shall be seven, all of whom shall be stockholders. The principal office and place of business of said company shall bo located in the City of Casper. County of Natrona, and State or Wyoming. Given under our hands at Cas per, Wyoming, this 7th day of May, A. D. 1024. C. A. BARTON T. J. DIAMOND P. H. SMITH HARRY L. BARTON J. E. BEAL. Publish May 7, 14, 21 and 28th, I 1924. INDIANA VOTE OVERWHELMING (Continued From Page One) nomination, and in doing so appar ently had gained a majority vote, making his selection binding on the state convention that meets late this month. Jackson's closest dppo nont. Mayor Lew Shank of Indian apolis, avowed opponent of tho klan, waa many thousand votes behind. Returns from 1,562 of tho state's 3.409 precincts gave Jackson, 70.648; Shanks, 31,689; E. C. Toner, Ander son publisher, 26.083; Ora C. Davis, Terre Hauto mayor, 3,558; Edgar D. Bush, former lieutenant governor, 10,013, and Ellas Dulberger of In dianapolis. 1,377. In the Democratic contests. Inter est also centered in the nomlnatce for governor, and whilo Dr. Carleton B. McCulloch of Indianapolis, who headed tho state ticket in tho last election, led in the oight-nmn con test. it was soon apparent that ho would fail of a majority vote, leav ing tho nominations to the state convention to bo held lator thia month. McCulloch piled up a com fortable plurality, gaining steadily out-state. His closest opponent wns Mayor George R. Durgnn of LaFay etto, an antl-Klan candidate. No votes were cast by the Democrats on a presidential preference. iwnTfate STILL UNKNOWN (Continued from Pago One) yesterday but unfavorable weather apparently delayed the three. • NO TRACE OF PLANE FOUND CORDOVA, Alaska, May w 7.—(By The Associated Press)—Arm y lieu tenants piloting tho three world flight airplanes and pressing for ward without awaiting Frederick L. Martin, the commander missing since last Wednesday will leave Atka Island today on a 350 mile jump to Attu Island if favorable weather conditions prevail. Word of the Intended hop off was. contained in a wireless message received hero from the United States Coast Guard Cutter Algonquin. wMch is at Chig nik in the Aleutian Islands. Depar ture of the p’anes waa postponed yesterday. because of bad weather. ON BOARD UNITED STATES COAST GUARD CUTTER HAIDA. AT ATKA ISLAND. ALASKA May 7.—(By Wireless to The Asso ciated Press)—Exploration of the northern coast of the Aleutian is lands In tho Bristol Bay region of tho Bering sea. between Port Mol ler and Port Heldan, a distance of 100 miles and at three fourths to ono and one half miles from shore, has been made by a steamship of tho PacificTAmerlcan Fisheries for a possible trace of Major Frederick L. Martin, missing air squadron commander, but without avail, ac cording to a report from Captain Johannes, tho vessel’s master. Captain Johannes reported that he sighted some natives who were going farther north along the rug ged coaut in tho soarch. Belief that Major Martin and Staff Sergeant Alva L. Harvey, his companion, will yet be found pre vails among tho people of tho Aleu tians. WASHINGTON. May 7.—The commanding officer of tho patrol force at Dutch Harbor, Alaska, re ported to tho war department to day in n despatch dated May 4. that the Bering Sea roust ha<! herir searched by natives with dog teams between Port Moller and Port Hol den for Major F. L. Martin, missing world flight commander, without re sults. Natives also were sent north of Holden, he said, but found no trace of the missing plane. COTTON ‘ NEW YORK, May 7.—Spot cot ton steady; middling $30.40. Flour MINNEAPOLIS, Minn.. May 7. Flour unchanged to 100 higher; family patents $6 45 ©s6 8o Men Only! DENVER MEDICAL INSTITUTE SPECIALISTS FOR MEN 830 Eighteenth Street Opposite ghat ranee to Fostofftce 81 jM. < COME AND BE CURED C9t //C'j ™ affected With cither acuta or |||M ' «. blinpl" <>r romplf. eflCTyZj&J* rated, you can come to us know- WW .*w Jg J/oSSo! ,n * that we httV ® treated end cured JllgZtXfrßO c “"° after case exactly like your .afflftown. W,K your d,a ®' , "° I" yet curable, // ZjKfciriLr Cftn cure it, und you may be J&TtfWi ® llr « ' lll,l our climimo will |, a eatin -bWInBotW i>‘toiy und within your i. ( << h General Debility, Weak N„ivm. Z/WMWr v z r/rn.tT l insomnia—results of exposure mwyyihwjp* W9^lTl!lltLßfn o»«rwork and other Viola tl-.nt ..f .matures Laws. <| <>f ni,,,|.i,, r end Kidneys. V.-rh ..!<• v.inn, / z*n» In the Ulood, quickly unit per- IVlvMvll' ,n “"«"tly cured at email VX p, ll(l0 xlwnuFl S and detention from bunlncan NWFV'' !■•■■ coJIE IN AND TALK IT OVBK FREE—Consultation, Examination—FßEE Charges so low aa to be within the reach of even the poorest, and payments arranged to suit your convenience. a m° n to U X Bt ° n fr#e ‘ Hour ’* 9 *• m - to 8p - Gundaf*. 10 Denver Medical Institute S£ I SS PAGE NINE HIRAM JOHNSON IS DEFEATED (Continued From Page Ona) county, where he wns bort). The Coolidge strength lay chiefly tn Loa Angeles, but many other southern California counties gave his strong support. One of the surprises was the vote of Alameda county of which Oakland is the seat. This county, formerly a Johnson stronghold gave Coolidge a majority. Observers were contrasting this year’s voto with that of the presi dential primary four years ago. In 1020 Johnson's voto was 371,030 against 209,643 for Herbert Hoover, national secretary of commeroo. japexclUsion COMPROMISED (Continued from Page, One) Coolidge suggested to the conferees, and he manifestly was disappointed at the agreement of the conference committee on July 1 of this year, which was the date carried in the bill as it passed the house. Under the senate bill, the provision would have become effective Immediately. A considerable group of Repub lican house leaders may follow- tho president’s lead In opposing the con ference report, but in the senate tho situation is more doubtful. Senator Lodge of Massachusetts, chairman of the foreign relations committee and tho party floor leader, was one of those who most vigorously cham pioned immediate application of the barrier against Japanese while the measure was under debate in the senate, and ho was joined by an almost unanimous Republican fol lowing. As a result of the discussion of house leaders with the president this morning at tho White House, It was Indicated that a determined fight was being organised in the house agninst the recommendation of the conferees. It wns understood a move would be made to postpone tho effective date for nine months at least. The conference report probably will come before the house to morrow. The president today called Into conference Chairman Johnson of the house immigration committee and Senator Reed, Republican, Pennsyl vania, in charge of tho Immigra tion bill in the senate, in a final ef fort- to obtain postponement of the effective date of tho exclusion pro vision. Secretary Hughes also was con sulted by the president in connec tion with the bill, but it*was not re vealed whether any new effective date had been suggested us a com promise. Meantime, conferees on the bill went back into session after Senator Reed of Pennsylvania, and Repre sentative Johnson of Washington, n charge of the measure in the sen ate and house, respectively, had boon summoned to tho White House. The conferees would not com ment on reports that a tentative un lerstandlng already had been reach ed to make tho exclusion pro virion affective March J. 1925. nor would they say that the exclusion ques tion was being reconsidered. TOKIO, May 7.—(By the Associ ated Press).—What Is described ss a special department of the Japa nese foreign office to handle the American immigration situation has been created with Kljuro Shidehani, former ambassador to Washington, in charge and assisted by Sadao Sa burl, formerly attached to the Jap anese embassy at Washington ns counsellor. 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