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NARROW RANGE IN GRAIN FUTURE Wheat futures closed yesterday with unimportant changes, generally 1/8 to 1/4 cent lower. Corn prices were higher on cooler unsettled weather over the belt. The close was fractionally under the high level, up 1 to 1 1/8 cents for the day. Closing prices for grain futures at Kansas City and Chicago yesterday and Monday were: Kansas City. Chicago. Tues. Mon. Tues. Mon. WHEAT— Dec. 120 1/2 120 5/8 126 1/8-1/4 125 3/4-7/8 March 128 1/2-5/8 129 May 125 123 131 131 1/4-3/8 CORN— Dec. 76 1/8 75 83 1/8-1/4 82 1/8 March 87 1/4-3/8 86 1/4 May 82 1/2 81 1/8 89 3/4-90 88 1/2-5/8 OATS— Dec. 46 1/8 46 1/8 47 1/2-5/8 47 1/2 March 49 1/8-1/4 48 3/4-7/8 May 49 3/8 49 1/4-3/8 Kansas City Carlot Grain Prices. Wheat was quoted unchanged to 1/2 cent lower with the premium basis firm. Demand was good. No. 1 dark hard wheat, sales $1.30; No. 2 dark hard, sales $1.32@1.39; No. 3 dark hard, sales $1.37@1.38 1/2; No. 4 dark hard, sales $1.30; No. 5 dark hard, sales $1.26. No. 1 hard wheat, sales $1.25 1/2@1.37 1/2; No. 2 hard, sales $1.23@1.42; No. 3 hard, sales $1.21 1/2@1.42; No. 4 hard, sales $1.18 1/2@1.32; No. 5 hard, sales $1.06@1.30; sample hard, sales 88c@$1.02. No. 1 red wheat, nominally $1.38 1/2@1.43; No. 2 red, nominally $1.36@1.41; No. 3 red, sales $1.35 1/2; No. 4 red, sales smutty $1.24; No. 5 red, sales $1.10@1.20. No. 2 mixed wheat, sales $1.27 1/2@1.45; No. 3 mixed, sales $1.32 1/2; No. 4 mixed, sales $1.20 1/2@1.34; No. 5 mixed, sales $1.10@1.13. No. 1 northern spring wheat, sales $1.48. No. 2 northern spring, sales $1.40. No. 3 northern spring, sales $1.28. Corn was steady to 1 cent lower. Demand was good. No. 2 white corn, sales 79@79 1/2c; No. 3 white, nominally 76@79c; No. 4 white, nominally 73@75c. No. 2 yellow corn, sales 79 1/2c; No. 3 yellow, sales 79c; No. 4 yellow, nominally 75@78c. No. 2 mixed corn, nominally 78@79c; No. 3 mixed, sales 74 1/2@75c; No. 4 mixed, sales 73c. Demand for oats was good. Prices were unchanged to 1 cent higher. No. 2 white oats, sales 51c; No. 3 white, sales 48 1/2@58 1/2c; No. 4 white, sales 47c. Kafir and milo declined 1 to 4 cents. Demand was reported good. Kafir—No. 2 white, nominally $1.18@1.21; No. 3 white, nominally $1.16@1.18; No. 4 white, nominally $1.15@1.17. Milo Maize—No. 2, sales $1.21; No. 3, sales $1.17; No. 4, sales $1.15. Rye—No. 2, nominally 92@93c; No. 4, sales 86c. Barley—No. 3, nominally 68@71c; No. 4, sales 67c; sample, nominally 60@65c; No. 1 feed, sales 65c. Nominal range of prices for feeding stuffs: Bran, $1.27 1/2@1.30 a hundredweight; shorts, gray, $1.51@1.54, brown $1.45; corn chops, $1.85@1.90; alfalfa molasses, $1.20@1.40; linseed meal, $2.50; cotton seed meal, $2.19; ground oats, $1.85; ground barley, $1.75; tankage, $70 ton. LARGE FREIGHT MOVEMENT. WASHINGTON, Nov. 1.—(A. P.)—Freight loadings for the week ending October 23 totaled 1,128,486 cars, the American Railway Association reported tonight, an increase of 8,614 cars over the preceding week but a decrease of 72,455 cars compared with the same week last year. Miscellaneous freight for the week amounted to 442,496 cars, a decrease of 13,320 from the same period last year; coal, 193,272, a decrease of 33,532; grain and grain products, 60,378, a 6,063 increase; livestock, 40,670, an increase of 571; merchandise and less than carload lots, 269,346, a decrease of 3,225; forest products, 67,900, a 5,054 decrease; ore, 45,036, a decrease of 20,269, and coke, 9,388, a decrease of 3,699. ADVANCE IN COTTON. New York, Nov. 1.—Cotton futures were about 10 points at the opening of the market and the advance soon extended to 20 points with December, 20.40, and March, 20.64, influenced by apprehension of cold weather in the South. The advance was lost later, but the market rallied at the close for 9 to 12 points net gain: December, 20.35; January, 20.42; December, 20.42; March, 20.56; May, 20.68; July, 26.56; spot, middling, 20.35, up .15. Cotton in Chicago. Chicago, Nov. 1.—Cotton futures on the Board of Trade closed: December, 20.72, up .14; January, 20.80, up .13; March, 20.81, up .06; May, 20.85, up .10; July, 20.75, down .10. United States Treasury Statement WASHINGTON, Nov. 1.—The following is a statement of the condition of the United States treasury on October 29: Income to date this year...$1,182,368,000 Decrease from last year...9,247,000 Income over outgo this year...36,840,000 Income over outgo last year...66,496,000 Balance general fund today...273,912,000 Decrease from previous day...11,252,000 Poor Demand for Export Grain. CHICAGO, Nov. 1.—A holiday on the continent materially curtailed the foreign demand for cash wheat, and the seaboard finally estimated sales in all positions at 200,000 to 300,000 bushels, largely Manitoba. There was little interest in other grain. Turpentine and Rosin. Savannah, Ga., Nov. 1.—(A. P.)—Turpentine, 45 1/2 cents, down 1 cent. Rosin, firm: B, D, 7.00; E, F, G, H, I, 7.05@7.10; K, 7.00@7.15; M, 7.00@7.25; N, 7.35@7.50; WG, 8.75@9.00; WW, X, 10.00. New York Rubber Quotations. New York, Nov. 1.—(A. P.)—Closing prices of rubber futures were: Smoked ribbed sheets, December, 34.80 cents a pound, down .10; March, 35.50, down .10; May, 35.50, down .20. Spot closed at 35 cents, down 1/4 cent. Flaxseed Quotations. Quotations for No. 1 flaxseed in Minneapolis were $2.01 3/4@2.07 1/4, up 2 cents. Closing prices in Duluth were: November, $2.04 1/4; December, $2.05 1/4; May, $2.12 1/4, up 1/2 to 1 1/4 cents. Hopkins, Mo., Bank Dividend Soon. MARYVILLE, MO., Nov. 1.—(A. P.)—The Bank of Hopkins, Hopkins, Mo., which closed June 26, 1926, will pay a dividend of 25 per cent within the next ten days. A GAS CONSERVATION TEST IN CALIFORNIA. What promised to be a real fight in conserving gas in the Ventura avenue field in California has been averted after the state stepped in and threatened to take action if companies did not cooperate in conserving the vapor, according to reports from Los Angeles. Shell Company, Associated Oil, General Petroleum and Petroleum Securities Corporations own most of the leases in the field. They made an agreement some time ago to operate the property on a fixed gas-oil ratio, but the agreement did not work harmoniously. Threatened by station action, the operators made another agreement which is expected to conserve about 25 million feet of gas daily. The agreement caused oil production to slump about 4,000 barrels a day. MORE DRILLING IN KAY COUNTY SOON. Work of laying the 10-inch natural gas pipe line from Blackwell to the Dilworth district in Kay County by Harris & Haun of Blackwell is progressing. Operators with prospective leases for shallow gas in the territory crossed by the lateral are preparing to do much drilling, since the market for gas will be materially enlarged. MAY LINK SEARIGHT AND CROMWELL. Attention of operators in the "South End" district, notably around Seminole, is temporarily focused on the performance of Gypsy Oil Company's wildcat in section 21-10-7, midway between Searight and the Cromwell fields. The well is making about 450 barrels daily through mud on top of the Cromwell sand at 3,730 feet. Gypsy Oil Company officials say that in the event the well proves a large producer, they will shut it in to hold back drilling. Observers estimate that the well will make about 1,000 barrels daily when the mud is cleaned out. It is noteworthy that development of the field can be curtailed if operators want to do it because the larger percentage of the leases in the area do not expire until 1929 and many run until 1932. About the only obstacle in the path of development restriction is the way the leases are divided into small particles. The largest leases close to the well are of 120 acres each while there are many eighties, forties and twenties. OIL OUTPUT DOWN AGAIN. Daily Average Has Dropped 70,000 Barrels in Three Weeks. NEW YORK, NOV. 1.—(A. P.)—Daily average gross crude oil production for the week ended October 29 totaled 2,466,850 barrels, a decrease of 15,200 barrels from the preceding week and 135,300 barrels less than a year ago, according to the American Petroleum Institute. In the past three weeks there has been a decline of about 70,000 barrels, most of which has been in the Seminole pool. Output of the principal fields in barrels, with increase or decrease for the week, follows: Oklahoma, 757,700; decrease, 21,500. Kansas, 105,350; increase, 400. Panhandle Texas, 89,550; increase, 850. North Texas, 78,650; decrease, 650. West Central Texas, 58,750; decrease, 1,950. West Texas, 210,950; decrease, 50. East Central Texas, 28,750; increase, 500. Southwest Texas, 26,550; decrease, 150. North Louisiana, 50,850; decrease, 200. Arkansas, 100,050; decrease, 850. Coastal Texas, 125,050; increase, 1,800. Coastal Louisiana, 14,800; decrease, 600. Eastern, 115,000; increase, 500. Wyoming, 52,000; increase, 1,050. Montana, 13,700; unchanged. Colorado, 7,000; increase, 600. New Mexico, 2,250; increase, 350. California, 629,600; increase, 4,700. Daily average imports of petroleum at principal ports for the week ended October 29 totaled 219,143 barrels, compared with 139,286 for the previous week and 196,571 a year ago. Daily average receipts of California oil at Atlantic and Gulf Coast ports for the week ended October 29 totaled 127,100 barrels, compared with 84,143 for the previous week and 67,143 a year ago. ANOTHER GASSER NEAR SALINA. SALINA, KAS., NOV. 1.—(A. P.)—The third gas well in this vicinity was brought in today by Texas Corporation at 2,986 feet, with a flow of 3 million cubic feet. The well, Chindberg No. 1, is in section 32-18-2w, McPherson County. It is a south offset to the Anderson No. 1, the largest producer of the three. The well, it was said, will be sold to the Larutan Gas Company of Wichita, which, through its subsidiary, the Rice County Oil and Gas Company, holds a franchise in McPherson. A DRILLING BOOM AT LAMONT. WICHITA, KAS., NOV. 1.—Less than two weeks after John Rogers opened the Lamont townsite pool of Greenwood County with a 600-barrel well, fifteen tests are drilling and locations have been made for a half dozen more. Empire is drilling three tests west of the Rogers well, Darby company is drilling three to the south and McCullough, Rogers, Schaffer & Howell, Laroon, Alkman & Blankinship, Pryor & Lockhart, Melrose & Sullivan and Dan Patton are drilling in all directions from the pool opener. SEMINOLE UNDER 400,000. TULSA, OK., Nov. 1.—Output of crude oil in the Seminole region in the twenty-four hours ending this morning was 399,578 barrels, a decrease of 4,807 from yesterday. OIL RESERVES UP IN SEPTEMBER. WASHINGTON, Nov. 1.—Stocks of oil, crude and refined, increased 1,134,000 barrels during September, according to bureau of mines. Gasoline stocks decreased 3,717,000 barrels. In the Dry Goods Market. NEW YORK, Nov. 1.—(A. P.)—Cotton goods were steadier today and a little more business was reported in the carded and combed yarn cloth divisions. Mild weather continued to hold back fall sales in garments and winter wear merchandise. Burlaps were steady, with some Calcutta cables showing slight advances. Heavy weights for delivery from stock or ships nearby were firm. Raw silk showed little change. Silk goods were selling moderately for spring. More interest developed in motor car materials. New York Coffee Quotations. New York, Nov. 1.—Coffee futures closed: December, 13.54, up .08; January, 13.45, up .05; March, 13.41, up .08; May, 13.31, up .09; July, 13.07. In the spot market Rio No. 7 was quoted at 15 cents, unchanged; Santos No. 4, 22 3/4 cents, unchanged.