The Bakersfield Californian from Bakersfield, California on January 26, 1933 · Page 15
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The Bakersfield Californian from Bakersfield, California · Page 15

Bakersfield, California
Issue Date:
Thursday, January 26, 1933
Page 15
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THE BAKERSFIELD CAUFORN1AN, THURSDAY, JANUARY 26, 1933 15 OIL and MINING WELLS IN KERN Other Fields. «tni n Male Kern Receives Two New Drilling Jobs in Week T W< Bl Add Four More to Make 12 for* Past Week • Bight wells were abandoned during tho week ended January 21- In Kern county. Associated Oil Company abandoned alii of them, all on section 34, 21-23, In the Midway district. They were ,No. 43, 53, 73, 83, 01 and 83. General Petroleum Corporation abandoned Its Annex No. 4-Z on section 32, 12-23, at Sunset, and Milham Exploration Company abandoned Us Kern No. 6 on section 8, 28-23, at the Buttonwlllow gas field. FOUR JOBS DIE IN SOUTHERN FIELDS While abandonments In Kern county •during the week Just closed numbered eight, other parts of the state recorded four abandonments, three of them being at Playa Del Rey and the fourth at Huntlngton Beach. Metropolitan Oil Corporation, Ltd., feavo up the ghost at its No. 2 on section 21, 2-15, Ring Petroleum Corporation abandoned Its Black No. 3 on section 28, 2-15, and West Coast Petroleum Combinations, Inc., abandoned Its West Coast No. 4, on section 21, 2-15, all at Plnya Del Rey, while tho Wllshlre Oil Corporation abandoned Its H. B. No. 6 on section 10, 6-11, at Huntlngton Beach. O new drilling projects were begun In Kern county during the week which ended January 21, accord- 1|1K to Stato Oil and Gas Supervisor n. D. Bush. • Calmay Oil Company prepared for Its first well, and made location on section 28, 26-28, at Mount Foso, and In the same field, the Shell Oil Company began work on its Security No. 0, section 16, 27-28. Only ono water shut-off test was reported for Kern during tho week. North American OH Consolidated tested Its No. 26 well on section 32, 21-24, at Midway. Kern also saw one new deepening job — that of the No. 1 well operated by William H. Allen, Jr., on section 21, 29-27. Eight wells, six of them operated by Associated OH Company; were abandoned In Kern during the same period. SUPERVISOR REPORTS ON STATE ACTIVITIES SACRAMENTO, Jan. 26.— Oil field operations reported to State Oil and Gas Supervisor R. D. Bush during the week ending January 21 show five notices to drill new wells filed, the same number as during the previous week., Of tho five notices to drill filed this week, ono waa for a well In the Richfield field, one In tKe Mesa field, two In the Mount Foso field, and ono In the Kettleman North Dome field. Total new wells this year Is .13, as compared with 16 at tho same date last year. Tests of water shut-off this week numbered five, as compared with two during the previous week. Total to date this year, eight; total to same date last year, 14. Deepening or redrllllng jobs this week numbered 13, as compared with 17 during the previous week. Total to date this year, 46; total to same date last year, 47. Abandonments this week numbered 12, as compared with five during the previous week. Total to. date this year, 20; total to same date last year, 14. KEEPS CURTAILMENT FAITH San Joaquln valley produced 167,735 barrels during the 24 hours ending at 7 a. m. Tuesday, according to State Oil Umpire J. R. Pemberton, a healthy underage when compared with the 161.000 barrels allotted the valley area, while during the' same period Huntington Beach field continued Its overproduction orgy by producing 9563 barrels more than allowed for the day. ^Huntlngton Beach, against the pi-o- test of operators in every other field in the state, continues to overproduce without regard to tho curtailment pact, curtailment authorities point out. January 23 the field produced 28,563 aglilnst Its allotted 19,000 barrels. Long Beach production was 63,450 barrels out of a potential of 91,700 ban-els anil against an allowable of 69,000 barrels. Santa Ke Springs was 63,921 barrels out of a potential of 80,660 barrels and an allowable of 60,000 barrels. Tho coastal area was only a fraction over Its allowable of 68,000 barrels, due to making up accrued underage. Los Angeles butjln production was 239,000 barrels us against an allowable of 222,000, an excess of 17,000 barrels. BLOCK COPPER STOCK (United Press Leased Wire) NEW YORK, Jan. 26.—Plans to segregate or "block" surplus stocks of refined metal in order to prevent further declines In prices were being considered by domestic copper producers today, It was learned. Surplus stocks of refined copper In this country are estimated at approximately 1,000,000,000 pounds, the pre- imlnary statement issued by the United States Bureau of Mines placing the total at 980,000,000 pounds. The bulk of thl« surplus stock, It was learned, It In the hands of a few of the larger companies who, therefore, possess the power to break the market If they would dump their stock* on the world market, Foreign consumers have shown considerable interest in the American situation because they fear that this surplus metal will eventually be placed In the export field to foreign producers' detriment. Those in touch with tho situation state that the breaking up of tho world copper curtailment conference last November was caused by the demand of foreign Interests that American producers, as a condition of a renewal of the 1932 curtailment merit plan, pledge themselves not to dump their enormous stocks on the European market. ROOSEVELT PLAN IS FLOWS AT DRILLER After flowing a few barrels on a 24-hour rate, the No, 1 well being drilled by Thomas H. Purman on section 22, 29-21, at McKlttrlck In west Kern county, was killed for cement- Ing jobs. The well was drilled to a depth of 6385 feet, the well flowed about 200 barrels of material which consisted of oil, mud, gas mud and other ingredients from between the 9-Inch and 16-Inch casing, and the flow . was killed to permit cementing between the two strings of pipe. Meanwhile, on section 27, 29-21, In the same field, the Federal Oilfields, Inc., No. 3,on the Cymric lease, has been drilled about 300 feet, and is going through sand and shale formation. Wolport Oil Company, which suspended Its No. 2 on section 19, 29-21, several weeks ago due to bad weather, has resumed work on tho 820-foot project. Senate Committee Proposal Combines La Follette, Costigan Bills (Associated Press Leased Wire) WASHINGTON, Jan. 28.— A general relief program, understood by its sponsors to carry out suggestions of President-elect Roosevelt, was agreed upon today by tho Senate manufactures committee atid a report of the measure to the Senate was'authorlzed without a record vote. This latest proposition combines the La Follette- Costlgan and ,the Cutting bills which had aimed at' different angles of the relief problem. • Senators La Follette of Wisconsin and Cutting of New Mexico, Republican independents who supported the Democratic presidential ticket, conferred at Warm Springs recently with the president-elect and said they found him "sympathetic." The new bill authorizes direct grants to the states with a total fund of $500,000,000 to be available, and Increases by a like sum the notes, bonds and similar obligations which the corporation Is authorized to Issue. It sets up a federal emergency relief board of three members to be appointed by the President, the board to allocate tho funds, certifying to the Reconstruction Corporation, which shall act as a fiscal agent, what payments are to be , made. Tho combined bill removes the provision of the La Follette-Costigan bill iat tho chief of the children's bureau iall be the executive officer of the card and substitutes authority for he board to select its own executive f fleer. STOCKS AND DIVIDENDS !WESTERN (Associated Press tented Wire) NEW YORK, Jan. 28.—Artloom Corporation directors today decreed a payment of |1.60 on account of accu- inulntod dividends on tho preferred stock. NEW YORK, Jan. 20. (U. P.)— American Tobacco Company directors today omitted the extra dividend of $1 usually declared at this time. They ordered tho regular quarterly dividend of $1.25 a on common and Class 13 stocks, both payable March 1, to stockholders of record February 10. ASKS PRIVILEGE TO SELL Associated Oil Company has landed sfirface casing successfully in its Williamson No. 1 well on section 2, 26-20, at Lost Hills, and thereby has chalked up another world's record in its favor. Tho surface string, set at 1994 feet, consisted of 22-Inch casing, and registered another record for the company in the handling of extra large casings. No difficulty was experienced in setting the casing, company officials reported, and before the current week is gone a water shutoff' test will bo Inaugurated to permit resumption of drilling activities. Tho well Is a test of lower formation of the Lost Hills field and Is' expected to encounter the temblor zone between 4000 and 5000 feet. Present depth of tho well is 2031 feet and brown shale formation is at bottom. Tho company has made a specialty in landing extra large casing In some of Its most recent tests. In the Ventura Avenue oil field, Associated landed . smaller casings, but to a greater depth for purposes of assuring the deeper zono a thorough test. In the Williamson well the landing of largo casing will later permit the cementing of 16-iuch caslng-to approximately 4000 feet. From that depth on field scouts believe the most Interesting formation will bo cored in an endeavor to find production. SECRET OF RECLUSE (Associated Press Leased Wire) LITTLE ROCK, Ark., Jan. 26.—A treasure hunt In which the American Red Cross had the charts and did tho digging today had netted some $6000 gold and currency from hiding { places on the north Arkansas farm of R. F. Leigh, aged recluse, who suffered torture and-hanglng rather than reveal his secret to anyone else. The "treasure" was found yesterday n Leigh's hilly farm whero his body •as found hanging from a rafter in IB home, December 29. The search, for which minute dlrec- ons had been left.vwas conducted by fflclals of the American Red Cross, beneficiary of the Leigh estate. The Irectlons were contained in a letter o be mailed to the Red Cross in Vashlngton after his death. Two youths, Jesse Hardester, 17, and .aron Moody, 23, have confessed, ac- ordlng to officers, that they killed he eccentric recluse In an effort to orcc him to reveal tho hiding place if his money. He died with the se- ret left in the unopened letter and he youths found only a few dollars (United Press Leased Wire) SAN FRANCISCO. Jan. 26.—Application for a certificate to Install natural gas In Kings and Fresno counties was filed with the Stato Railroad Commission today by the Gas Fuel Service Company of Los Angeles. The application stated gas would be supplied at low rate for irrigation and domestic purposes, and that no attempt would be made to obtain public financing at the outset. After completion of installation, the company might apply for permission to Issue securities. Gas would bo obtained from the Kottleman-Lakevlew Gas Company. Tho area at present is served with electricity by the San Joaquln Light and Power. League of Nations ' Discusses Protest (Assnalatcii Press Leased Wire) GENEVA, Jan. 26. — Tho League of Nations council decided to take up lato. today the protest of the British government against tho cancelatlon . of tho Anglo-Persian Oil Company's concession in Persia by tho government of that country- Tho British government has I voked article 15 of the league covenant under which the league would seek a settlement by conciliation. STANDARD VISITORS It. II. Longaker.. and L. B. Waters, of th<r Standard Oil Company ut San Francisco, und C. H. Westcott, of the sumo firm and from Berkeley, arrlvei in Bakersfleld last night to conduct business affairs for the company hero They aro making their home at Hole Padre, UNION REPRESENTATIVES Union OH Company's headquartors in Los Angeles Is represented In Bak ers/leld today by IS. W. Foster and W. 1C. Hopkins. They arrived In town last night • and are guests n Hotel El Tejon. — •* . .» . +. VISIT KERN 1U E. Bering, and IS. G. Starr, o Beverly Hills, Independent operator Interested in oil . leases, . arrived In Bukersfleld last night, and are gueut at Hotel El Tejon. EL TEJON QUESTS P. II. Wright and Roy Hnrsohborgor both of tho She)! Oil Company an from Los Angeles, arrived in Kor JIIHI night and registered at. Hotel 1; Tejou. nd an old watch. •*- Moose Will Hold Open Meet Friday Loyal Order of Moose, Bakersfielc Lodge, No. 473-, will hold an open meeting Friday night at Moose hal for all Moose and their families. The evening will open with cards. Pedro five hundred and bridge will be played. A number of tho members have promised to furnish prizes for the winners. Following the games, there will bo entertainment, and refreshments furnished by the women of th Moose- will be served. Dancing wll follow. All Moose and their families are invited to be present. DEAD NEAR ARBUCKLE Word has been received hero that N. E. Tannehlll, 67, formerly an oil worker at Marlcopa, was iound dond yesterday at his cabin near Arbucklo, n Colusa county. Ralph Brown, a neighbor, found tho body, press reports r.tated. Brown notified Coroner J. Deter McNary. Heart failure is believed to have been the cause of his death, for he had complained of that ailment for some time, but an autopsy was to be performed to determine the reason of his demise. Tannehlll was believed to have been unmarried and without relatives on the Pacific coast. A nephew resides somewhere in the east, it Is believed. TtMinohlll left Kern county recently for Colusa county, and resided on an almond ranch which he purchased south of Arbuckle. Order Moratorium in Mt. Carmel, 111 (United Press Leased Wire) MT. CARMEL, 111., Jan. 26.—On hundred business places were close today as an "emergency business mor atorlum" declared by Mayor T. B Wright and tho Mt. Carmol City Couii ell went into effect after * series o all-night conferences. At the opening time tho 100 bus: ness establishments posted a copy, o Mayor Wright's proclamation caliln for closing of all business establish ments with the • exception of grocer stores, tho newspaper, a utility com puny office and bus and rallroa depots. TEXACO DELEGATES Among tho oil men stopping at Hotel El Tejon today aro M, C. MoDralth and Ray Norman, both well-known hern, who aro with the Texaco Company. They aro on business missions for their firm. | Modern Methods I Prompt Italians I to Visit County Bakersfleld was honored today by a visit from three prominent representatives of the Italian QOV. ernment, who cam* hare to study th* method* of oil field operation* In vogue In Kern county, They were Carlo Toichl, Marco Treiodleto and Alfredo Co*t*ll*ttl. Under the direction of C. J. Hill, executive ef the Oil Well Supply Company, the three distinguished visitors wsre shown about the old and the naw Kern, oil fields and Instructed In many ultra-modern phaies of operations. Th« visitors, and their hoot, war* gu**t» at Hotel Padre, •»«* DEMANDS BETHLEHEM STEEL'S DEFICIU5.62W2 (Associated Press Leased Wire) NEW YORK, Jan. 26.—Bethlehem Stool Corporation today reported a deficit for the fourth 1932 quarter of $5,621,672 compared with loss of $5,426,724 In the preceding three months and $1,776,938 in the last quarter of 1931, after all expenses and charges. Operations of the corporation and its subsidiaries, after ordinary costs of manufacture, resulted In a loss for tho December .quarter of $666,937 against a $641,746 loss In the previous three months and total income of $3,485,700 a year ago. Gains Made of Fractions to Almost 2 Points; Few Stocks Decline (Associated Press Leased Wire) SA-N FRANCISCO, Jan. 26.— Western stocks continued to trek Into higher ground today. Tho slow flow of Investment funds Into securities caused by bullish market letters of the last two months seemed still the chief prlco Influence, more than outweighing current low earnings reports. Los Angeles Gas Os jumped !!{,, Governor Criticizes Alleged School and Gasoline Lobbying (Continued from Page One) Brokers' Borrowings Increase $11,000,000 (Attociated Press Leased Wire) WASHINGTON, Jan. 20.—Loans to brokers and dealers held by New York Federal Reserve member banks for the week ending January 25 were announced by the Federal Reserve Board today as $378,000,000, an increase of $11,000,000 as compared to tho preceding week. while other gains, about half of them utility slocks, wero limited to "j point or less. They Included Paclflo Gns com man, Pacific Telephone 6s, Pacific Lighting Os, Railway Equipment "A," Union Oil, Anglo Bank, United Aircraft, Caterpillar Tractor and California Packing. There wero three steady—Raphael Welll preferred, Paclflo Gas 5V4s and Pacific Public Service preferred. Gas fis, Western Pipe and Steel and Truns- amerlca wero all down H. On tho curb Edison common rose % and American Telephone 94, while Edison 6s, Hobhs Battery "A" and American Toll Bridge held oven and Occidental Pole, Pacific Associates and Vlrden Packing lost small amounts. BRIGHT SPOTS IN BUSINESS (United Press Leased Wire) NEW YOHK.—Steel Industry operations continue to expand slowly, the "Iron Ago" reported, placing this week's output tit 17 per cent of ca- p*aclty. CHBSTKR, Pa.—Tho Ford Motor Company plant here, whero more than 1600 men already are employed, waa reported preparing for full tlma operations, which will put to work 6000 men In the next two months. PHILADELPHIA. — Tho Reading Company reported for 1«32 a net operating Income of $11,086,616, an Increase of $2,091,913 over 1931. Two Railways Provide Some Interest, Leading in Few Advances DETROIT.—Scotten, Dillon Company, tobacco manufacturers, declared an extra dividend of 30 cents In addition to the regular of 80 cents. A year ago an extra of 20 cents was paid. S. F. Stocks (Associated Press Leased Wire) Stock— Bid Asked ailing for reductions of 20 to 33 1-3 ier cent. Chatter's plan would reduce the mount of school money counties con- rlbute from $30 per pupil to not less han. ?20 nor more than $24 in elementary districts, and not less than 40, nor more than $48 for high chools. He pointed out this scale would give ounty supervisors eomo discretion - ry power, and effect a direct sav- ng, while not placing reductions en- irely up to the supervisors. "This measure avoids a shift of the burden back to common property," hatters said, "as would be the casp f the state contribution of $30 Is reduced, yet would not handicap local districts as under proposals to reduce district maximums." Chatters also introduced a constitutional amendment providing home rule for counties. It provided for county government, except in char- ered counties, by a board of five or seven supervisors, one elected at large and the others by districts as at present. The member at large would serve as executive officer. Supervisors would control salaries and appointment of all county officers jxcept sheriff, district attorney, aufll- :or, assessor, judges and constables. Base on Attendance Expenditures of California counties for all purposes would bo based on the average dally attendance in public schools, under a proposed constitutional amendment presented to the Assembly today by Assemblyman Edgar C. Levey, San Francisco. "School attendance is the most accurate barometer of Increase or decrease In population of counties, cities and school districts," said Levey. "Expenses of government should fluctuate with the population, and I believe this amendment will establish tho necessary chock on expenditure of funds." Under Levey's plan, the average daily attendance would be computed each year before budget-making time. Reduction of real estate taxes by 60 per cent was proposed In a series of constitutional amendments Introduced In tho Legislature by Senator Will R. Sharkey of Martinez and others. The plan proposed would consolidate tho interests of all taxpayers by revising tho present separation of sources defined In amendment No. 1 so that similar types of property are pubjected to identical burden. Second Step The second proposed step provides that no taxing jurisdiction in the state may increase its budget more than 5 per cent without securing consent of the state board of equalization and that such consent would bo given only in cases declared to be of emergency nature. < TREASURY REPORT WASHINGTON, Jan. 26. (A. P.)— Treasury receipts for January 24 were $3,279,394.53; expenditures, $4,787,146.34; balance, $369,178,300.74. Customs duties for 24 duys of January were $14,461,225.30. INCOME DECREASES NEW YORK, Jan. 26. (A. P.)— California Packing Caterpillar Tructor 7% Crown Zellerbuch prof "B" 8V- Honolulu Oil 9 Losllo-Callfornla Salt .... 12% L. A. G. & 1C. pfd 97 North American 4% P. G. & E. com 29% P. G. & IS. 6M:% 1st pfd.. 23 *>uc. Lighting com 37% Pac. Pub. Servlro 1st pfd 4>,fc S- 4 98 6 30% 23»(, P: T. & T. com. Reading Railroad hud December net operating Income of $1,084,946, compared with $1,388,606 in the previous year. Gross was $4,383,974, against $5,141,863. Citrus Market (Associated Press Leased Wire) LOS ANGELES, Jan. 26.—Reports from eastern and middle western citrus auction centers today gavu tho following price range per box: 79% T. & -i.- pfd 109 Parnffino com 10 Roos Bros, com 1% Schlesslnger pfd >,J Southern Pacific 18 S. P. Golden Gate "A"... 6Vj S. P. Golden Gate "B"... 3% Standard Oil of Calif 24Ms Tidewater Associated com 3 Tidewater Associated pfd. 42 Union Oil of Calif 10',4 Western Pipe com 7'6 10V4 3 18% 6 >,4 6'i 24 ti :n/i 43 11 7% SIX SUSPENDED ON N. Y. STOCK MARKET • .^„„ (Ansnciatcd Press Leased Wire) NF,W YORK, Jan. 26.—Tho New ork stock exchange, In onn" of its most sweeping disciplinary actions in ears, today suspended six of its mem- ers for periods ranging from ono lonlh to threo years. Several of those suspended wero lembers of tho firms of Smeltzor llfford & Co., or Ludwlg Robertson t Co., both of which withdrew as Icnring members of tho Stock Clear- fr Corporation today. Tho suspensions were of traders prl- narlly Interested In bonds and were or paying gratuities without tho ap- roval of tho exchange to employes f tho exchange or other financial In- tltutlons. Edward V. Goerz, a private trader, fan suspended for one month. H. H. Vurzler, J. R. Smeltzer and William Sngur, all of Smeltzer Clifford & ompany, wero suspended for six months each. The most severe penalty was that leted out to Alexander J. Robertson f Ludwlg Robertson & Company, who •as suspended for three years. He as been a member of the exchange Inco April 4, 192!). AVnlter F. See- olliicr of tho same firm was sus- onded for six months. Neither of 10 two firms involved had out-of- own offices. L. A. Stocks (United Press Leased Wire) LOS ANGELES, Jan. 26.— Industrials - Stock— Bid Asked Byron Jackson 1 Claude Neon Electric 6 New York Boston Oranges Graded Above Choice Cholco Chicago Philadelphia Plttsburif ... St. Louis $2.45'«>.'l.85 $2.00fa>2.50 2.564»3.or> 2.70©3.20 2.40®2.90 1!.GO®2.65 2.45i?T3.10 Detroit 2.50@2.80 Lemons Graded Above Choice New York $3.80<Q>4.65 Boston 4.76 Chicago 4.00®4.50 Philadelphia .,.. 3.06(iJ>3.85 St. Louis 3.90 Baltimore 3.65 Detroit 2.S5<jj>2.65 2.35<S I 2.55 1.90®2.35 1.90 2.20@2.65 2.40@2.80 Cholco $3.20@3.55 3.'30@3.50 3.15 3.05 3.05 3.75 SAN FRANCISCO LIVESTOCK SOUTH SAN FRANCISCO, Jan. 20. (A. P.)—Hogs—Receipts 926; about steady; 185-193-pound Callfornlas $4.00 straight. Cattle—Receipts 200; steers nominally steady; cows active, strong to 15c higher; cutter to medium "dulry" type cows $1.25©2.75. Calves, receipts none. Sheep—Receipts none. Douglas Aircraft 13 }i Kmsco Derrick Company. Globe G. & M. com Goodyear T. & R. pfd... Taylor Milling Van du Kuiiip., Western Pipe Banks Citizens National Bunk... Sec. First Nat. Hank ...... Miscellaneous L. A. Investment Cg ...... Paclflo Finance Co ........ 3 G'A 37 1 Vj 6',i Low Bids on Road Projects Studiec (United Press Leased Wire) SACRAMENTO, Jan. 26.—The do partment of public works today ha under consideration low bids for slut highway projects totaling $373,888, a follows: Santa Clara and Santa Cruz counties—Grading and oiling 6.4 miles of Skyline boulevard between Saratoga Gap uncl Bluck Road; low bidder, Union Paving Company, San Francisco, $288,468. Orange county—Grading and paving 6.6 miles between Irvine and Timlin, on coast highway; low bidder, Griffith Company, Los Angeles, $85,420, FRESNO BUILDER DIES FRESNO, Jan. 28. (U. P.)— Funeral services will be held hero tomorrow for Arthur M. Goeddell, 38, president of the Fresno Builders' Exchange,' It was planned today. He died late Wednesday. Plan Experiment to Aid Grape Growers Nematodo resistant rootstocks for grape vines will bo tried out In Kern county and, If successful, may effect a saving of many thousands of dollars, according to N. D. Hudson, assistant farm adviser representing the University of California. Six different stocks will bo used In planting throe of Kern's best grape varieties, the Thompson seedless, Rlb- and Red Malaga,,ho said. Nematodo cause a serious annual loss to California vlneyardlsts through weakening of tho vines and consequent reduction of crop quantity and quality, Mr. Hudson said. Several vineyards have been pulled out in ono section of tho county be-, cause of damngo duo to this pest. •The test plot will be placed on a soil known to be heavily infested with nemutodos. It is hoped that vigorous growth with resistance to tho pest, Mr, Hudson concluded. Pacific Mutual Life 28 Trunsamcrlca 5 Western Air Express 13 V4 ' Public Utilities L. A. G. & E. pfd P. G. & 13. com P. G. & E. 1st pfd Pac. Lighting com S. J. L. & P. 6% pfd So. Calif, EillHon com So. Calif. Edison 7% pfd.. So. Cnllf. Edison 6% pfd.. 24 So. Cnllf. Edison 5%% pfd "" •I T 32' 44 30* . . So. Calif. Gas 0% pfd Southern Pacific Oils 18 U Barnsdall ................. 3% Bolsa Chlca .............. IVj Pacific Western .......... 3v t Republic Petroleum ...... 1% Richfield Oil ........ , ---- % Richfield Oil pfd .......... Vi Standard Oil of California 24 >A Union Oil of California... 10% 10% CHICAGO LIVESTOCK Merced County May Cut $30,000 Expense MERCED, Jon. 26.—A revised Merced county government bill, designed to cut county expenses $30,000 yearly, wan on file here today. The new report was made, members of the county Grand Jury explained, to correct details of another bill which was designed to cut expenses $44,000 annually.' FRESNO WORK COMPLETED Construction work on tho Golden State highway (U. S. 99) south of Fresno htiH boon completed, according to a. report received by tho tourlntt bureau of tho Automobile Club of [ Southern California, HEAD JUDD PLEA LATER PHOENIX, Ariz., Jan. 20. (U. P.)— Tho state • board of pardons and paroles will hoar the clemency plea of Winnie Ruth Judd, condemned mur- iloress, either January SO or February 1, It Avns announced today. CONTRACTOR DIES TUCSON, Jan. 26. (A. P.)—William Grabe, 72, who camo to Tucson it", years ago from Los Angeles and founded a largo contracting business, died today of a heart attack. FRATERNAL 4 - 1 - .* Joint Meeting Women of tho Mooso will hold, a Joint meeting with the Loyal Order of MOOBO Friday evening. tho main diversion. Curds will bo Farmers Organize Secret Groups to Fight Foreclosure (United Press Leased Wire) DES MO1NES, Iowa, Jan. 26.— Secret organizations to resist attempts at mortgage foreclosures were authorized today by the board of directors of the National Farmers' Holiday Association. -The board also announced it would. inaugurate ''Immediate drives" on the legislatures of many mldwestern state* to "demand legislation dealing with laws to stop farm foreclosures and other in. debtedness." - Sunset Tempi* Sunset templo of Pythian Sisters will meet tonight at 6:30 o'clock for a polluck dinner ut Kuglou hall. Members of Kern Lodge No. 70, Knights of Pythias, will convene Jointly with tho women's organizations. A regular meeting: will follow. Wlmodausls Club A quilt will be given .-.way whan of the Wlmoduuslu Club meet Friday afternoon at 2 o'clock at the Masonic templo In the curd rooms with Airs. A. S. Urown presiding. A program Is planned. CHICAGO, Jan. 20. (A. P.)— Hogs- Receipts, 2ii.UOO. Active, fully lOc .ur. Good choice 170-210 pounds }3.3&@3.46; top, $3.50; sowa, 2.70. Cattle — Receipts, 5000. Uneven, generally steady to strong, with good to choice light steers and long yearlings UB much as 2Du higher; bulk steers .wii to $3.75; numerous 140U IfiOO pounds, Jlt.'iiitiH.-ti': beef cows firm to higher ut 12.50 downward vtia'lcrH about 60c under week's hlgliei time at f, r i'"ti. Sheep— Receipts, 15,000. Largely a standstill, bidding 2&ift'35c lower. L>« slrublc native lambs, $6. DO; holding best around }6; bidding, $6^5.25 01 fed westerns; fat CWUH, K'JjJS. FOREIGN EXCHANGE NEW YOHK, Jan. 20. (U. P.) — For elgn exchange easier. England, 3.39'A. Canada, .86%, off .00",;. France, .0390 1-1G; off .0000^. Italy, .OTU1H. up .OOOOVt. Belgium, .1387. up .0001. Germany, .2379, off .OOOO'/i. Czechoslovakia, .0296 1-3, up .OOOOV4 Switzerland, .1933, off .0002V4. Holland, .018, up .<•• '"i, Spain, .8019, off .OOOOVi. Sweden, .1741, off .0003. Jttpuu. .2119, off .0006. LOS ANGELES LIVESTOCK LOS ANGELES, Jan. 20. (A. P.)— Hogs — Receipts none; quotublo to around $3.75. Cuttle— Receipts 700; slow, btead to weak; common to medium uteni $4.00(&'4.0. r i; good Texas helfcr.s $5.0U few good rows i3.25fj-3.60; common t medium J2.7S<&3.00; culler grades dow to $1.25, Calves — Receipts !!5, holdovers 22L very Mow, few medium calves stead at $4.75. Sheep — Rcfoipt.s none; good choluo lambs quoted fu.-O'U li.OO. GOVERNMENT BONDS NEW YOHK, Jan. 20. (A. P.)— Lib erty bonds dosed toduy: 3Vi«, 32-47, 103.12. First 4 Vis, 32-47, 102.22. Fourth 4V«H, 33-38. 103.20. Fourth 4',i«. ret,'-. 33-38, 103.20. Treasury 4U«, 47-52, 110.23. Treasury 4V4H, reg.. 47-62, 110.18. Treasury 4s, 44-54, 106.23. Treasury 3%H, -Iti-Stl, 105.8. TreuHury 3%«, 40-43, 102.23. Treasury ;i%«, 43-47, 102.19. EMERA CLUB MEETING Members of the Einera Club will meet at the home of Mrs Grlbble, at 2 o'clock Friday, with Mrs. Grlbble assisted by Mrs. H. G. Muller. Mrs. Kbtollo Clark und Mrs. Lena Thlele. CHESS CLUB FRIDAY Members of tho Bukeruflcld Club will meet Friday night ut First Congregational Church lit 7:30 o'clock. A. 10. Stflgeinun IK leading In the 1 tournament now In LATE BULLETIN NEW YORK, Jan. 26. (A. P.)— The stock market tried to rally under leadership of the rails today, but was eventually pulled down by the tobaccos and steels, and closed Irregularly lower, with a heavy tone. Turnover approximated 800,000 shares. Los Ansreles Hay (Associated Press Leased Wire.) LOS ANGELES, Jan. 26.—Hay per on, f. o. b. Los Angeles: Cholco bnrlcy, }14<fj>16. Cholco oat, iV5r r i,lG. Alfalfa, delivered (Hyncs or El Monte): U. S.-No. 1, $12.50@13.50. U. S. No. 2 leafy, $12.00(0)12.50. U. S. No. 2, $11012. Cotton Futures (Associated Press Leased Wire) NEW YORK, Jan. I'd.—Cotton continued qulut today with fluctuations narrow. An early advance of II to U lolnts on covering and trade buying encouraged by relatively steady Liverpool cables was followed by slight setbacks accompanied by talk of freer southern offerings. March contracts after selling at 6.20 wero ruling around 6.16 In tho early afternoon market with tho general list loldlng within a point or two of yesterday's closing. The market eased lalo In the day under Increased southern hedge sell- Ing and March liquidation. Futures closed barely stuudy, 4®6 lowor. March, 6.09©6.10; May, 6.22@>6.23; July, 0.85; October, G.54(ff.G.55; Decem- jor, ti.09; January, ti.75 (nominal). Spot quiet, middling 6.20. (Associated Press Leased Wire) NEW YORK, Jan. 26.— Rails again provided rather dim highlights In another apathetic session of the stock market today. Pennsylvania's ordering of » dividend yesterday, and Delaware & Hudson's announcement of a substantial purchase of New York Central, evidently generated a little fresh Interest in the carrier Issues. The market remained a quiet professional affair. however, and tobaccos were adversely Influenced by American Tobacco's discontinuance of its extra dividend. Gains of major fractions to a point appeared In New York Central, Union Pacific, Chesapeake & Ohio, and Bantu. Fo. Delaware & Hudson recovered, after an early dip of 1ft. Other Issues up H to 1 point included American Can, American Telephone, Bastmanp Montgomery Ward, and National Biscuit. United States Steel common and preferred, and General Motors were about steady. American Tobacco "B" lost mora than 2 points, and Reynolds and Liggett and Myers Issues eased a little. • i » New York Close II (United Press Leased Wire) NEW YORK, Jan. 28.— Railroads Atchlson 43' Baltimore & Ohio 9}_ Chcsapeuko & Ohio 28% Erie 6V Illinois Central 134 Missouri Pacific 3> Now York Centrul 19 Northern Pacific 14Vi Pennsylvania 18% Southern Pacific 17> Union Pacific 76* Groat Northern pfd...., Industrials American Can 60 Ts American Tel. & Tel 1069* Borden 21% Cities Service ' 2% Columbia Gas 16'/» Consolidated Gas 68»i Corn Products 554» Curtlss-Wright. .* » 2 Famous Players 1% General Electric 16Mi General Foods 24 Vt Gold Dust Goodyear Tire and Rubber. International Harvester 21! International Tel. & Tel 7Vt Montgomery Ward 14'/4, North American JJ8V 1'aclfic Gun Electric 29ts Radio Corporation 4?i Safeway Stores 41vj Sears-Roebuck 20 U. S. Rubber tt* Union Carbide &. Carbon 27% United Aircraft 26% Warner Brothers ,'....... Hi- Western Union 27*! Westlnghouso Eleclrlc 29 »i Woolworth ... J C fpuney Transamerlca G First National Stores 62=i Johns-Man vlllo 211-,.. Caterpillar. American Smelting 13Vj Anaconda 7 = Bethlehem Steel '. 15 International Nickel.. Metal* 8 , , .. Treasury 3%H, 41-43, March, 102.18. Treasury 3Hs, , 4H-4H, 99.30. , Truusury 3», 61-55. 98.23. METALS MARKET NEW YOUK, Jun. 2U. (A. P.)— Copper dull; electrolytic spot 5; future oVu. Tin steady; spot iiml nearby 23.15; future 21). 25. Iron quiet, unchanged. I, end dull; spot Now York ; spo 2.S7. NEW ORLEANS COTTON NEW ORLEANS, Jan. 'M. (A. P.)— Spot cotton closed steady 8 points down. Sales 17,400; middling 6.07. COTTONSEED OIL DALLAS, Jun. 2«. (U. P.)—Crude cottonseed oil, 2Vic. L. A. BUTTER, EGOS, POULTRY LOS ANGELES. Jan. 26. (U. P.)— Butter Prime, 20o. Prime firsts, 19c. • Standards, 18c. Firsts, 17c. Eggs Large—Clean extras, 18c; light dirty extras, 17c; cloun standards, 17«; light dirty Htandards, 17c; checks, 17c. Medium—Cleun extras, 16c; dirty extras, IGc; clean standards, 15c; light dirty standards, I5c; checks, 15c. Small—Clean, 14c; light dirty, 14c. Poultry and Rnbblti liens, Leghorns, 2% to 3'4 Ibs., lie. Huns, Leghorns, 3U to 4 Ibs., 15c. Hono, LetfhornM, 4 lus. and U]>, 15c. Hens, colored, 3'/i to 4 Ibs., 10.-. Hons, colored, 4 Ibs. und up, I7c. Broilers, 1 and up to ly. Ibs., 13i\ Broilers, 1U to 2'/i Ibs., 16c. Fryers, Leghorns, 3',4 to 3 Ibs., 14c. Fryers, colored, 2% to 3'/i Ibs., 17c. Roasters, soft bono, 3>,j Ibs. up, 17c. .Stags, 13o; old roostei-H, tie. Ducklings, Pekln, 4 Ibs. uml up, lie. Other than Pekln, 4 His. up, lOc. Old ilurkK, ]0c. Gcesc, 12p. Young torn turkeys, 13 Ibs. up, 13c. Young loins, drexHed, 12 IbH. up, 16c. Hon turkeys, 9 Ibs. and up, I3c\ Hen turkeys, dressisii, s Ibs. up, ICe. Old loin turkeyN, 12c; drowsed, 16i\ KqualjN, under II Ibs. per d"zi^n. 15c. Squabs, 11 lb». dozen anil up. 20u. Ciipons, live, iindvr 7 Ibn., ISr. CupoiiH, live, 7 lb«. and up, 2(V. Capon)', drpNSc'd, UIHVr (1 His.. !!.'!<•. CUIIUIIK, iln'Kspd, U IbN. and \\\>, L'.'t'-. RiibbltH, No 1 whlti». II to 4 Ib;-., Bo. KubbltK, No. L' white, 3 to 4 Ibs., lio. No. 1. mlxfttl colors, 3 to 4 Ibs,, 60.. HabbitM, No. 1, old, 5c. CHICAGO GRAIN CHICAGO, Jan. L'ti. (A. P.)—Wheat rose today to a top price above any In tho last fiirtnlulit, but fresh buying beeumti exhausted and reactions later uutniimbiTcd gains. . liulleutlniiH of a renewal of .storms In Kansas wero a lute bullish factor. Improved export demand for Canadian wheat was noted, ivnil a falling off In Argentina shipments both as compared with a week and a your ago. Wheat closed weaker, 14f i/' l ,i;i: under yesterday's finish, corn also 'i!fj'/4r down, oats '.ii- off and provisions varying from lOc decline to a rise of 2c. CHICAGO, Jan. lili. (A. P.)—Wheat No. 2 mixed, 489i«'; new corn, No. 2 mixed, 2&i'i No. 2 yellow, «5Vjc; No. 2 . 2 ICennecott Copper 9?* U. S. Steal.. 28V: Vanadium Steel 12% Republic* Steel 6% Tobacco and Sugar American Sugar 27 American Tobacco "A" 660 American Tobacco "B" American Sumatra fiuban American" Sugar R. J. Reynolds "B" United Cigars Oils Mexican Seaboard •ft 241 30 Phillips Petroleum 5*i Shell Union .'. 4% Sinclair Standard Oil of California Standard Oil of New Jersey.... Standard oil of New York Texas tompany Tidewater Association (new)... Motors Auburn Chrysler General Motors Hudson : 4% Packard Motors 2*k Studcbaker 3$i Tlmken Roller Bearing .'.. IS E- -ments American Car Foundry 7 Baldwin Locomotive ,.'..... 6Vi General Tank 18*4 Stowurt-Warner e.. 3% 46 7 « 14 LOS ANGELES PRODUCE MARKET LOS ANG1SLES, Jan. 20, (U. P.)— Lighter receipts of local vegetables with slower trading and little change In prices. Artichokes, best, frost-free, Davenport, }4.26 box; few 74.50; froated, J2-50. Local and San Diego county avocados, Kuortes, 16(g)18c pound; Pueblas, 14 iff 1 Co. Brussels sprouts, Davenport and Pescadero 7(0/9° pound; good San Luis Oblspo 7®8c. Local Cunnonbull cabbage, D0@76o crate. Local cauliflower, 25@30c crate. Venice I'Plcry, 65<875c half-crate; Compton, 654j'75R; Long Beach, Jl.OQ 4)1.15; L'luila Vista, 11.100)1.16. Lettuce, Jl.15rnH.25 crate for Imperial valley dry pack, 4s, R-dozena 00 <j 9 »1. l.i5;'San"Onofro', dry pack 4s, »1.00_ 1.15 rrute, locafc loose puck, 3-dozena, I!5<?l40o. 1'oas, San l.'iego. Sifflln pound; Admiral, 7'uS<'; best Imperial vulley, 10(Q) lie; ROOC] Ooai'hella valley, 10©13c. Imperial valley (summer squash, J1.60 if/LSI) <Tiito; Snn Dletjii county, Italian, II.25iJ!l.DO lug; Capistrano, fl.OO® l.L'j lug. Local Jersey sweet potatoes, 40@60c IUK; K»od northern, 50ji55c; local yama 50'5'70u lug. Local tangerines, 2Sf>2%c pound; good Coac'hella valley. 3 3.00; Kant St. Louis 2.S7. Him 1 barely white, 25'4c; "Id corn, No. 2 yellow, steady; Eu«t St. Louis wpot and fu- I 26r; No. 2 white, 25'ic; oatu, No. 2 turo 2.96. Antimony 6.00. I whit", !"<•; rye, no sales; barley, COFFEE MARKET NKW YORK, Jan. 2U. (U. I 1 .)— Cof. foe — Rio 7s, on spot, 3'TiC. Santos BAR SILVER NEW YOUK, Jan. Sit. (A. P.)—liar silver !i° lower at li&'is. MONEY TO LOAN on Stocks, Bonds, Mortgages No Brokerage...No eommiiitoa. Lew rot* of lnt»r«it. Absolutely Confidential. Call. Writ*. Phone. THE ATKINS CORPORATION, Le* Anieles Hth Fl.or •«. N.H. IMf. • TIM* IW

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