davidaulloa/AmericanStories huggingface dataset:
, 1923-02-18
DAMAGE and CREDITS FOR
EUROPE RULE IN GRAIN MARKET

CHICAGO. Feb. 17.-July and Sep.
TENDER wheat advanced during tho
week with extreme weather condI.
tons furnishing n bullish factor on
prices for the new crop, May wheat.
representing the supply on hand. took
a recession due to the heavy selling of
eastern owners who had benz holding
the supply In the hope that favorable
credit enactments would be made at
Washington.
Compared with a week ago,
wheat this morning ranged from IL
decline to IN: cor WINS off Il to l
OK; oats %8h to TX and provis.
ions down five to ten cents.
Abrupt selling of May wheat IN
amounts that were estimated as to.
falling millions of bushels gave the
wheat market as a whole n decided
Jolt on one occasion. but rallies fol-
lowed when the selling OF May was
restricted later to an unimpressIve
volume. Bulls. especially in tho May
Delivery. continued TO be handicapped
however because of prolonged slow.
ness Of export demand.
New high price records for the sea.
son were reached by July and Sep,
tsmber wheat, inRsmuch as both
would DO directly affected by any
extensive injury TO the new crop. Or.
dinarily, cold weather Is OF itself no
great danger TO winter wheat. but &C.
, 1923-02-18

NEW YORK, Feb. 17.-Bradstreet's
says: The most severe and widely
extended storm of the winter has had
a retardIng effect on nan lines Of
trade, tending specially to reduce ro.
tail trade. and even measurablv af.
fected jobbing trade in slowing down
momevents of road sa'esmen. Farm
product receipts in the west and coal
and raw material deliveries to Satur-
day have been checked, and carload.
ings have fallen off. Collections have
slowed a trifle also.
Coal buying has been sharply
stimulated.
These more or less temporary In.
fuences, however. have not prevented
a good volume of seasonal jobbIng
trade. which has felt and still feels
tho stimulating effects of numerous
shows, conventions and expositions.
The larger markets generally are
reported full of buyers who are oper.
ating confidentially for nearby wants.
but conservatively as to the future,
owing to price uncertainties.
Weekly bank clearings. S6.4O5 .lO7,-
O0O.55
, 1923-02-18
Livestock



ShlCAGO' req 80 o DePar''
ment OF AEricuiture't-hoEs eceip
lV'ooo' market Weak
CLOSED 10 TO "oo lower 'han rludSs
Close' pulK l9o 10 Zoo pouilu averages
ogo'4o nu'k go 10 oUv pouhu
outcIers '''o81o'oo' lew. paCns So"S
Dog 10 pigs mostly 90
mated hoIaover o'oVV' "eaTywe.en,
hogs I'lbqs'oO' meuluin ooga,+O
Isht 'S'Vuga'4o' hsnt nsn' 10y
o'So' packing so"s snioOtn o.SUv ,'SV'
packing sows rouen 0'0@"OO' ""'
ing PIGS ''VoPo'oo'
|nt''e receipts i'oOo "npaieu WIN
week ago peer s''ers II Seallh,ss
mostly 10 10 zoe over better sr"ues
matureo steers showing must ueeli"e'
qhality HeuluHh 10 soou'
Weeks Top matureu steers ii.oV'
welsht l.4'Z pouhus' p'S' ye"ttnt
i0oO VI IVA 49, 90 -,
, 1923-02-18
Demand for Wool Irregular

BOSTON. Feb. 1.-THE CONNER.
cial Bulletin says:
The demand for wool has been
rather irregular and on the whole
hardly so heavy as a week ago.
Prices, however. keep very firm as
they ought. in view of the fact that
this is still the cheapest market In the
world. Foreign woods have comprised
the bulk of tho business. although
domestic territory and bright f!eeces
have been moved also at firm prices.
Contracting in the west is still
evidently very desultory and at last
weeks high prices do not appear to
have been topped. In fact, It would
seem as II less buying had been done
this week than last,
1.-THE goods market is healthy, but
not especially active.
Foreign wool markets are all firm
with some tendency to reaction from
the easier lone at the c,ose In Lon.
don last week.
"Mohair is rather slow but firm.
while noils have been in good demand
and very strong"
, 1923-02-18
GRAIN TREND
STILL UPWARD
Weather Conditions in Wheat
Belt Handicap Bears on
Exchange.

CHICAGO, Feb. lT.-Wlth an alb.
sence Of heavy selling coupled with
weather conditions in the winter
wheat belt prices today took a fresh
upturn especially during the early
dealings.
Commission houses were the prin.
eipal buyers. The opening which
ranged from y TO Nose higher,
with May $l.20h II $1.2oh and July
$1.1sh to s1.16. was followed by a
slight reaction. but then the market
rallied again.
Subsequently, resumption of selling
on the part of houses with eastern
connections led to n temporary down.
var swing in prices. Demand broad.
ened on the decline. however. and the
market recovered, bulls putting stress
on the British debt settlement and on
asserted cheapness of wheat com.
pared with tine general commodity
list. The close was unsettled. Is net
lower TO u advance, May 1.1sH to
1.2o and July 1.l5% to 1.l5B.
Corn and oats were flrmer with
wheat. After opening NC to NC ad.
vance, May 4eH to 46N and later held
near Il the initial range.
Speculative buying upheld the corn
market when wheat displayed weak
ness. Corn closed unsettled y q II to
&9& net higher, with May T5% to
75H@%.
Provisions showed a little strength
with grain. despite lower quotations
hogs.
, 1923-02-18
Foreign Exchange

NEW YORK, Feb. 17.-Foreign ex'
changes irregular. Quotations in
cents: Great Britain demand 4.6sA,
cables 1908. 60 day bills on banks
4.6eI: France demand b.se. onhles
5.s7; Italy demand G.7sh, cables 4.7s;
Belgium demand 5.2s, cables 5.2oh;
Germany demand .ooS2h, cables
.OO52&; Holland demand S9.b2, cables
1855; Norway demand 1888; Sweden
demand 1858; Denmark demand 1870;
Switzerland demand 1880; Spain de-
mand 1858; Greece demand llSfS;
Poland demand .oo22: Czecho'slovak,a
demand 2.s6; Argentine demand S7.2b'
Brazil demand 11.s2; Montreal ssh.
, 1923-02-18

OMAHA. Neb., Feb. 17.-United
States Department of Agricultural
Hogs-Receipts If, 500; mostly 10000
lower; packing grades s6,s587; bulk
OF sales sT.75@7.S5; top $7.s5.
Cattle-Receipts $50: compared with
week ago. beef steers 15025c lower;
she stock steady; spots strong; bulls
15@25c higher; veals steady; stockerE
and feeders weak to CSC lower; steer
top $3.50 yearlings So.55; veal top
S11 .5O; stockers and feeders top IS so.
Sheep-Recelpts none; compared
with week ago, lambs and yeariinEs
15@25c highe; sheep steady: feedes csc
highe; top yealings s12.75: wethes
Ss.75: eve top $3.50; feeding lambs
$I4.25@15.15.
, 1923-02-18

h best wild cat prospects being
drilled by the company. The Ohio is
rushing the work in Oregon Basin and
expects to complete the first well
there by the middle of March. The
company Is also finishing another
we'll in Hidden Dome. c. NJ. Gingrich
coming here from Salt Creek his
week to have charge of operations.
A number OF oil companies are
ready to start operations here as soon
as the weather will permit and more
wildcat drilling is promised the COM
ing summer than ever before in his
section. The wild cat people are
watching both the Mercer and Neiber
dome wells and should either bring in
production it VIII open up thousands
of acres OF similar lands for develop
ment.
, 1923-02-18
MARKET GOSSIP AND FIELD NEWS.

WASHINGTON, Feb. l7.-Applica-
ton OF the Roxana Petroleum COM
pany, American subsidiary of the
Royal Dutch She'll company, for oil
development rights on the locations
on reservations OF the Creek Indians
in Oklahoma, will be heard by Secre-
tary Fall on February "a. Tho hear.
ing next week, 1t is said. is to be do.
voted TO oral argument covering the
question Of tho effect OF the law upon
an American subsidiary and the ex-
tent to which Great Britain and the
Netherlands allow American oil com.
panies the privilege of acquiring
holding in their territories.
, 1923-02-18

ana TO farmers. businessmen. and
wage workers alike.
These igures on government re.
ce!pts and expenditures have q direct
relation to investors. They mean that
tho present demand for ~nontaxable
bonds will continue. A good many
people who have their money in tax
able securities have continued to
hold these securities and pay a tax
on them with a sub.conscious hope
that some time. some day, somehow,
somewhere, their taxes would be re.
duced. A statistical study of the
situation leads one to believe that
higher taxes are here to stay. ana
that it will be a real feat to keep
them down to present figure.
A interest in tax-exempt securi.
ties may also be increased by n con.
stitutional amendment preventing
the sale of any more 'tax-exempts.'
A resolution TO this effect is before
congress at the present time. II It
passed It will 20 before the states
for ratification. It will be a long
time. however, before such n bill
will get tho necessary two-thirds of
the states to sign II. that 1t may be.
como a. constitutional amendment.
Even II enacted II. of course. could
not be retroactive, Inc cannot affect
the tax-exempt securities already is,
sued. The very agitation may tend
to bring out a rush Of new issues
which will have a depressing effect
on the municipal bond market in
spite of the strengthening tendency
r-E MANU- 2A@.i $50
AN this means" concluded Mr..
Babson, that the very large inves.
tors will continue to hold tax-exempt
securities but there is no reason why
the average investor should STAN
pede to secure such issues. The bono
crop is one crop that has never yet
been known to fail. Many people be
lieve that owing to the improved con,
ditions, money will be much higher
and thai all bonds will decline in
price during the next few months.
This may be true, but I seriously
doubt II. Although tho Babson chart
stands today at 4 per cent above nor
NAL. which would ordinarily signify
hat we are entering another period
of initiation, a statistical study strong.
~ suggests that this present optim-
istic figure is only temporary. The
great readJustment which started
over WI years ago is only about so
per cent complete. My prediction Is
that bond prices in 1898 viii average
about h same as the bond prices in
1922, and the tax exempts' will fol.
low the general market.
"It will be the safest for investors
to count on present high taxes con
tinuing. even If congress has n
enough not to %re-enact an excess
profits tax"
, 1923-02-18

Pipe limo runs for the week ended
February 10 showed a decided slump
from the figures for the previous
week. A loss of approximately 10, 900
barrels daily was manifested in the
Salt Creek outrUt and a smaller de-.
crease in most OF the fields OF this dis.
trict. The lessening in output. how.
ever. is only temporary.
The following table shows the aver.
g daily pipe Inc runs from the
fields of Wyoming and Montana for
the weeks ending February 10 and
EnhrnarN Z.
, 1923-02-18

cording to some authorities the OK.
jsting further conditions OF ice GOV.
erlng and previous insufficient moIs.
ture tend decidedly to mako the out
let dubious.
Corn and oats rIvaied wheat in at,
tanning ne WHICH price records for thc
season, with demand active and offer.
ings light. Subsequently, rains in
Argentina had Il bearish effect on the
corn market.
Provisions were without notable
support aside from lard buying asso.
ciated with tho ~cottonseed oil indus.
try.
, 1923-02-18

BASIN, wyo.. Feb. 1.-THE Ohio
drilling at Mercer dome is now around
1 800 feet and drilling in tho hard Ten.
sleep formation, which Is expected 10
continue hard drilling for another 100
feet when better time is expected,
This well Is expected In at around
$500 feet. and IL considered one OF
, 1923-02-18

DENVER, Colo. Feb. 17.-CattlO-
Receipts go: market steady; beef
steers $7.00@s.5O; cows and heifers
S3.5Oa7.50: calves $45Oa1O.5O; stock.
ers and feeders S3.5Od7.bO.
Hogs-Receipts 90; market steady;
top $500; bulk S7.S5@s.OO.
Sheep - Receipts 5000; market
steady; lambs $l2.6O@l4.26: feeder
lambs $12.5O8l4.25; ewes S4.5Oa7.26.
, 1923-02-18

Dun's Review says: NO month,
even in war times, saw as many cot
ton splndles running as WIS the case
this January and the steel industry
has attained the highest rate of op-
Grafton possible under existing cir
cumstances."
, 1923-02-18
IRREGULARITY
IN STOCK MART
Main Trend Upward During
Short Session of New York
Exchange.

NEW YORK. Feb. 17.-An irreg.
ular trend was apparent In today's
brief but active session of tho stock
market aused by profit taking of
spectators together with a resump.
ton of pool operations in other quar-.
tiers. California Petroleum. Pan
American and Baldwin were heavy at
intervals. the last named sasging to
14Oh after creating a new high rec
ord for tho year at 14l. Steel and
Tube preferred. Columbia Gas. Amer.
lean Brake Shoe, Nash Motors. New
Haven and American Linseed prefer
red. also were under pressure. Buying
continued. however, in the coppers,
foods, motor accessories. tobaccos and
low priced oils, several OF which made
substantial gains and established new
high prices for the year. The closing
was irregular. Sales Appropriated
zoe, 900 shares.
, 1923-02-18

Cash Grains.
CHICAGO. Feb. 17.-Wheat-No. 2
hard &1.22h.
Corn-No. 2 mixed 72N673kc; No.
2 yellow take.
oats-No. 2 white 4s% @47kc: No.
3 white 46A @46kc.
Rye-No. 2, SIC.
Barley-6497 6o.
Timothy seed-S5.eo86.5O.
Clover seed-Si3.5O12O.5O.
Pork-Nominnl.
sard-s11.15.
Ribs-$lO.60811.25.
, 1923-02-18
Price Of Texas Crude Up

FORT WORTH, Texas. Feb. H.
Mexia and Currie crude oil prices
were advanced ten cents a barrel to-
day by the Texas company. The
price is now $3.50 for Mexia and $3.50
for Currie.
, 1923-02-18
Sugar

NEW YORK. Feb. II. - Sugar
closed firm; approximate sales 10000
tons. There were no changes in re-
fined but a good inquiry was reported
with fine granulated listed at Ss.25q
$40.
, 1923-02-18

were Irregular. demand sterling hold
ng steady aroud N.6s. the years
best price and the French francs drop
ping five points to sos cents.
, 1923-02-18

NEW YORK, Feb. 17.-Peak prices
were made in the brief session today
by Dupont and General Motors with
Railway Steel Spring, Royal Dutch
and American Beet Sugar heavy.
United States Steel and Studebaker
moved upward with n fractional loss
in Baldwin. Kennecott reached 40 q
new high for the year as n result Of
the interest displayed in coppers.
Although the main tendency OF the
market was to higher ground. prices
as a whole were irregular.
Realizing sales caused recessions of
approximately a point in California
Petroleum. United States Alcohol
n Atlantic Gulf but the general list
continued upward. BALDWIN recovered
it's early loss and duplicated yester-
days high OF 141h. Good buying
power was noted in the merchandise.
ing, motor. motor accessory and
equipment groups. gains Of a point or
nor being recorded by May Depart.
ment Stores. Brown Shoe. Lima Loco.
motive. Now York Air Brake. Inspir.
alton Copper, and Crucible Steel.
Rails also were in better demand.
Louisville and Nashville and Ann
Arbor preferred gaining a point each
and New York Central. Reading and
Norfolk and Western recording large
fractional gums. Foreign exchanges
, 1923-02-18
Potatoes

CHICAGO, Feb. IT. - Potatoes
stronger; receipts 20 cars total
United States shipments 554; Mime
sofa sacked Red river ohios ITO cwt;
Minnesota sacked russets 1.O5 cvt.
, 1923-02-18

Debt Bill Passes Senate.
The British debt funding bill, limit
ing ratification to British indebted.
ness, passed the senate Saturday.
, 1923-02-18

offer Original Entrymnn's fun
one'eighth royalty on six quarter
sections in sections IL, 10 and "a,
1887 in the Big Muddy field. Biggest
bargain in Casper today. viii sub
divide to suit. Teapot-Salt Creek
acreage also leases in Billy Creek and
other Wyoming and Montana fields.
Deal direct with WyominE's largest
lease Ceallng firm. Correspondents
solicited.
TEAPOT DEVELOPMENT CO.,
Suite 218 Midwest Bldg.
Casper. Wyoming
, 1923-02-18

Steel Plants to Increase Capacity.
1t Is announced that starting next
week. the iron and steel mills In the
Youngstown district will operate at
90 per cent OF capacity.
, 1923-02-18
LOWER TAXES NOT YET IN SIGHT
THOUGH EXPENSES ARE REDUCED
Roger W. Babson Analyses Situation at Washing
ton, for Business Men and Investors-Figures for
Past Year Prove Hopeful, Is His Testimony.

WELLESLEY HILLS, Mass, Feb. 17.-"when will taxes
be reduced?"
The problem Is uppermost in the mind of the American
business man and investor as he figures his report for 1922.
To get the answer Roger w. Babson, statistician. has
spent a week IN Washington studying the tax situation
, 1923-02-18

DULUTH. Mimi, Feb. 17.-Flsx
seed close on track &3.OOQ3.o5; arrive
t2.s7A; February $500 bid; March
E2.9T% asked; May t2.TI; July $40.
, 1923-02-18
Silver

NEW YORK. Feb. 17.-ForeiSn bar
silver 63T; Mexican dollars ASA.
LONDON. Feb. l7.-Bar silver 30
ll.ls pence per ounce Money y per
cent.
, 1923-02-18

Car Shortage WIN Not Be Investigated
An announcement from the White
Houso states that the president viii
not ask for a commission to investi-
gate the car shortage on railroads.
, 1923-02-18

OIL lenses, rear estate. owners OF
Teapot townsite. Representatives
wanted. Call or write us. Teapok
Development Co., 2l8 Midwest Bldg,
Casper. WvO. 1-S-ti
, 1923-02-18
Cotton

NEW YORK, Feb. 17.-Cotton spot
quiet: middling $3.50.
, 1923-10-04
One Hundred Days

INSTRUMENTATION daursia, a
subject of Obregon and a disciple of
Dead Eye Dick, has commenced the
first of a To-day sentence in the
county bastile. as a result of having
been found guilty of drawing a dan
gerous weapon. which is against the
peace and dignity of the state of
Wyoming.
In addition. jose is nursing a
wounded arm. which should serve as
a constant reminder not to attempt
to draw a revolver on an officer I'M
less one has perfected the art of
drawing II in w seconds less than
nothing nat.
Jose was arrested on August o,
in the local yards. by Night Marshal
Alvin Anderson. suspected as being
the perpetrator of a holdup In Kem-
merer a few days previous. Prior
to his arrest. according to Marshal
Anderson. he attempted to draw a re-
volver on the officer. who beat him
to It. and shot him in the arm. Be.
fore Judge McAIlister he was given
his choice of contributing one hun
dred shekels to the city treasury, or
OF remaining in jail for one hundred
days. Being without sufficient
wherewithal. he chose to remain as
a guest of Sheriff Oakley for ten
days longer than three months.
, 1923-10-04

In other words, our manufacturers have had
greater competition in foreign-made goods since
last October than during. any previous period in
the history of the United States. If there is any
merit at all in the free trade argument that in
creased imports mean decreased prices to the
consumer then there is absolutely no ground for
the charge that the tariff has been responsible
for the increase in price of any article. If there
is no truth in the argument, then there is no ar
gument in favor of free trade whatever. The New
York Times and other free traders can take
whichever horn of the dilemma they like.
The New York Times correctly says wheat
has come down" In connection with its other
statement, the inference is that wheat has come
down because of the Republican tariff. What the
Times does not state, and what no other free
trade paper or free trade advocate states, is the
fact that while wheat has gone down in this
country since the Republican tariff went into
effect, it has gone down even farther in other
which did not have a tariff.
1t does not state, and therefore attempts to de-
.ceive by suppressing half the truth, that in Can.
ada, which has no tariff, wheat is selling day by
day for seven and eights cents a bushel less than
in Chicago and Minneapolis. The latest wheat
crop forecast issued by the department of agricul-
ture is S21, 100000 bushels for the United States
this year. A difference of seven cents a bushel in
favor of the American farmer upon this basis
would enrich him $57,470,000 which is a pretty
fair estimate of what the tariff on wheat saves
him on this years crop.
, 1923-10-04
He Knows the Game

1t is a great pastime these days, since Calvin
Coolidge has come to be president to determine
whether or not he possesses the common Ameri-
can inheritance politics" That is, is he pure
statesman or does he somewhere along the line
bear the faint of the politician.
When Bascom Slemp was selected secretary
the cry went up that he surely had it in his sys-
tenn. This conclusion was based upon the fact
that Mr.. Slemp is skilled in party management,
knows the ropes and wires and all connections
that can be made with them. Has had expert
ence all the way up to national party affairs,
and is from the OBSERVATION-DISCLOSURES he held
a congressional seat for seven or eight terms in
a Democratic state as its only Republican repre-.
sentative. Those who expressed an opinion were
sure the presidents scheme was to grab the
southern delegates to the 1924 convention
through his secretary.
The sport proceeded. The coal strike doomed
large ON the horizon and the president asked
Governor Pinchot of Pennsylvania, a gentleman
known to have presidential aspirations to set.
tie the strike, which he did.
Then the guessers and opinion purveyors were
certain the president hadn't the vestige of pol.
itics about him. Here he handed over to a dan
gerous rival the great prestige to be gained in
composing a matter vital to the people of the
entire east. The president was AN amateur. That
was all there was to it That was the decision.
On the heels of the Pinchot adjustment arose
a great cry from the consumers of coal, over
the territory named, that Governor Pinchots
settlement simply passed on to them the higher
cost of coal provided for in the increased wages
of the anthracite miners.
The analyzers of the president paused to con.
slider where they were at in this rapidly moving
scene. The president seemed more of a politician
than they had credited him with being.
When the complaint about coal prices had
reached a sufficiently noisy stage, Mr.. Coolidge
opined that he would have to take hold of Gov.
ernor Pinchot's coal settlement and fix it SO tho
people would not have to pay the high price the
governor believed necessary in the circumstances
The president is on the way with his task and
will most likely succeed through the powerful
agencies of the government
The fellows who formerly believed the presi.
dent was in no sense a politician arc now Just
as certain that he is.
Observing from this distance through the large
end OF the telescope Mr.. Coolidge is anything
but n dub in the great American game of pol.
itics,
, 1923-10-04

The new Douglas bridge. above.
Will give some idea of tho per-
nancy with which the state high
way commission Is constructing the
Yellowstone highway.
The Douglas bridge is said to have
bee copied after a bridge in Spain
that stood for more than two
hundred years; and has dome service
and sustained traffic on a highway
which connects Spain and France.
and which is one of the busiest
highways in all Europe.
The span of the Yellowstone
highway between Casper and Glen
rock is all ready for a hard surface
pavement and never again can the
work be done SO well or SO cheaply
as right now. The grade is perfect
and the hard gravel top makes a
splendid base forsa pavement. but
the work OF paving must be done
while the base is still there and still
be disintegrated and blown away
In a couple of years SO the total cost
up to date would be lost. OF course,
it could be oiled, hat would help
some, but that is only n cheap make
shift at best and saves n gravel
highway where there is heavy traffic
only a short time. Already you can
seen many holes through the oiled
surface between Evansville and Cas-
per. in fact they began Il appear
the second day after the road was
opened to travel after oiling. II oil.
ing were satisfactory there would
still DO hundreds of miles of oiled
roads in and around Los Angeles, for
they began oiling the roads out
there in 1906 and all the kids living
within half a mile of n newly oiled
roa had to have their feet washed
with gasoline every night before
they were put to bed. The mothers
were frantic, their carpets and rugs
were ruined and the homes were
covered with greas spots where the
kids had soaked them with mud
balls. The 25 miles of highway
from Casper to Glenrock is n of
the most fascinating drives in the
United States. 1t is not appreciated
by Wyoming folks because they are
fed UP on scenery. but II this 25
miles with its mountains and valleys