Casper Daily Tribune Newspaper, March 1, 1920, Page 4

PAGE FOUR he Casper Dafi Tribune WELTON GOES 10 WOOD RIVER, ILL. Transfer of Standard Superinten-| dent to Be Made April 1, Report H. L. Welton, for a year and a half superintendent of the Standard refinery here and for twelve years with the Standard Oil Company of Indiana, has been transferred to the Wood River re- finery at Wood River, Ill. He will leave Casper the first of April. Mr. Welton came to his present position with the refining company here when it was in its infancy, and has grown up with the Standary refinery in Casper, Appreciation of his efforts and sincere | wishes for success in Illinois has been voiced by employes at. the Standard re- finery. MARKET GOSSIP AND FIELD NEWS Cat Creek Field Be Believed to Be;§ One of Best Shallow Fields} in West The Cat Creek structure in Montana | has proved to be one of the best shallow | fields in the West, according to esti- ates made by oil men in Casper, is believed that the southeast portion | of the field should be much shallower | than the remainder of the region be- | cause the test well came in with good production in th first sand at a depth of | 1,000 feet. A test to the lower sands, which should not be greater than 1,400 feet, | may bring in much larger producers, it | is thought here, } OL MENGOON EATENGIVE HUNT Yacht Carries Oklahoma’ Operators | and Refiners on Search of Americas. By RALPH H. TURNER, (United Press Staff Correspond MPICO. ro (By mance and business strangers, And there in the oil busir hidden tre: at.) Mail).—Ro- need nat be always been romance It is the quest for ked by the belief that America must explore the four ends of the world if she is to maint in her position in the strug gle for that t plains the of EB an cruise Marland, million. re oil producer of Ponca City, Okla., nd Pittsburgh, FP: ad of the Mur- Jand Refining Company and other in terests, Petroleum i: prompted the v Oneida. Trave the hidden treasure that acht age of the steam elates lifted hor hy this week bound for the tropi of Latin. i Before his de ture from Marland had spent a month ico, investigating the ofl r of this country, with a view entering the field. The Oneida will first call at Panama, | where Marland will tak rd four an These er, for. (Spot) ¢ r fullback on the sity of mi eleven, have spent the past ks hing Central Ameri- for evidences of oil form rom Panima the yacht will ‘m to Caracas, Venezuela, wherg a suple of weeks will be spent in ex- ploring the Lake Maracaibo district. The next call—with oil still the object- ive—will be/ at Colombian ports, and further time will be spent in a tour of investigation up the Oronoco River, After inspecting the oil resources of 7 and Colombia the expedition through the Panam its hunt for the in Sal- vador and N gua. Leaving the, tropics, the Oneida will earry its owner | up, the west coast of M : Marland hos deep faith in the possibilities of ‘the Mexican states of Sono id Sinoloa—fuith so deep that in th or three geology camps, about 200 men, of whom be expert geolog and adventure again ven, for in Sonora the hunt for petro: um will be made partially.in country that is infested with bands of Yaqui In- dians, one of the wildest and fierces fighting Indian tribes alive today. ev California may also be included with- in the zone of the Oklahoma oll man’s investigation. Among the men accompanying Ma land on his cruis . Col. uklin R. Kenney of ago and Ponca City, who served on hing’s staff and later beeame Chief Staff of the American Air Servic H. McFadden of Pittsburgh and one of America’s pioneer comprising 26 or 50 will Here of ind W. XEOLOGISTS OIL EXPERTS Oil Field Maps Blue Prints Explorations Reports Wyoming Map & Blue Print Co. P. O. Box 325. Rm. 10, Lyric [Tom Bell Royalty j Wind River. oil | states he plans to establish two} romance | appear upon the} Low-| for oil are two of his | and builder of many of the} t steel plants in the United; Today’s Markets by Wire : Furnished Daily by Taylor & Clay, Ground Fleor, Oil Exchange Building, Casper, Wyoming Amalgamated Royalty 103 Keo-Hurst 2 New York Curb Stocks 1.15 | open 2) Midwest Refining $151.00 $15 t Common 75 Midwest Preferred < Merritt |_- 6 Glenrock Oi} 50 Cosden Okmulgee P. Bik Basin . Salt Creek Prod. Ass Western States 0, & L Prod. & Ref., Com..- New York Stock Excnon Mexican Petroleum Texas Oil 3 | Sinclair Oil ~_ Bessemer ------ Boston Wyoming Burke Oil Big Indian Buck Creek - Black Tail Columbine Consolidated Koy Cew Gulch 2.50 18.50 3.37 at Western Petroleum — Hutton Lake Jupiter Kinney ; Lance Cree |Lusk Royalty Lusk Petroleum | Mountain & Gulf. Stocks 0 $168.00 U.S. Steel Peas Oil Call money 10 per cent rthwest - Silver Pants Corp. Outwest Liberty Bonas Picardy - 2 3%'s Riverton Refining Ist 4's .—. Royalty & Prod. Corp 2nd 4's Sunset —-.------ {st 4%'s Sand Hills nd 44's ard 4% 1, a 4th 4 06% Victory }Gates —- Refining - WYOMING CRUD E OIL MARKET 06 Loan }Rock River -$2.35 | Grass Creek .. $2.69 | galt Creek .. 2.25) Elk Basin Big Muddy --. 2.26 | Lusk 2.55 Pilot Butte - 2.26 | Lander FINANCIAL, INDUSTRIAL AND ALL TAADE CONDITIONS ABOVE NORMAL ‘Monthly Report of Federal Reserve for Tenth Districi, Declares Situation Exceptional in View of | Usual Slack Season and Deterrents The first seven weeks of 1920, now passed, lefta record of) \ligh trade and industrial activity in the Tenth Federal Reserve ‘dis-| | trict which may be set down as exceptional for a time of the year when| things ordinarily are supposed to move on “‘low.’’ The maintenance thru the period of relaxation usually following « busy year-end, of ‘such activity as that which is reflected by the summaries of reports that go to make up this issue of the Monthly Bulletin is regarded as somewhat remarkable. ; than in It is all the more remarkable, too more the week of when one takes into punt the fact that the record for January and the United States cer first half of February, 1920, was made indebtedness held by ae leterrents, such the face of so many A recurrence of in- for illustration: 3, which is $1,92 135% | Sight. | 97.30} | Winter 2.60) sonal surplus of labor. 1.25) reports that in 1919 there were oppor- | i commissioner ; id no complaints of shortage. | fluenza, prostr and demoralizing 1 reported ary 6 and 83,500 | forces in bank: mor shown by the report of mines, on the January Federal reserve notes in| all lines of er und with an ap- actual circulation decreased $3,140,985 palling toll of feur that a in the weeks’ period, while it is} s (now happi least shown that federal reserve nk notes ed for the pres wuse 2. " 0 in the tie-up of the already crippled and ina- were $8 as dequate system ot tri rtation; or, 37 on Webruary and continued rising omrnodit nuary 2. nd ased liv- re on together with for higher w: ing costs; or in ¢ tent der Buying by in the month of | in 1919 and there are evidences of even | snipped to ‘them by | se tinne very heavy, notwithstanding Drices are showing no tendency to | cune down. ditions © | in some plac much higher than buyers expected, but their purchases, found country stores everywhere with stocks low and almost ; depleted, thereby the pur- chase of goods at extraordinary high prices to.meet customers’ needs, Merchandise Prices—A review of the} price situation discloses that the pres- ent quotation on all apparek lines are while there are evidences that people are beginning to realize an ‘end must soon come to the reckless and extrava-| gant use of their -purchasing power, | created by high wages and profits, the dealers, nevertheless, are confident of | their ability to dispose of all goods at) the very high prices which they are compelled to ask, Groceries are higher this year than higher prices still to come on many of the necessary articles. Furniture prices remain at a veryhigh level, with little prospect of an immediate decline, even though some wholesalers report that more merchandise has come in within the last thirty days than formerly was the factories in Hardware sales con- ral months, Correspondents writing for this issué | of the Monthly Bulletin indicate that | the end of the high prices is not yet in Dry goods merebants say prices of textiles in all departments are ex- | cessively high that prices keep advanc-| 14.4 per cent larger than a year ago. ing. Labor. Full employment of labor in this dis-j} trict probably never was so nearly a fact as at the present time, according to reports to the Monthly Bulletin. Al- though details are lacking in some of the reports it.is apparent that the mild wether, has catced an early start of construction and out-door em- ployment, thus lessening the usual sea- The Oklahoma commissioner of labor j tunities for employment of 63,200 men and 11,508 women, a total of 74,709} and only 54,233 persons. were found for the In other words there was a short- Hersons or approximately 30. pe cent- for these positions. The ste Se labor commissione? of Nebraska reports that the demand for labor and the supply are about equai at this time. In Colorado the port shows a seasonal {surplus in agriculture, a slight demand} from mining and about normal in trade and transportation: — The Wyoming yorts conditions normal, owrking that wants to work « everyone Live Stock. Mild open werther through January and to this date in Pebruary made con- lent in this district for alt ibs Over the Great classes of liv Plains. regions raskt, Kansas and Oklahoma pastures and ranges! wore 1 ally uncovered, und “live stock was reported! in thriving condi- tion, with less disease among animals: some time. In the Zocky n states she suow ry gone 5 good dxcent it tharexGene:| rt of Colorado and Wyoming | deep snowpfell late in January. ng was carried on generally. and the stock was thin, but ifforded some grazing nd. the stock was. un- mproveds 3 were reported from the the open range doubtediy Some lo: ain region, ‘but where feed and r were provided it was suid the s were not more than normg@l.The problem in the the strict is in restocking as On account of the dry seagon so many animals were northwest Section’ of | the ranges, | Weather last shipped | out either to market or to other ranges © the part of a ve proportion of | what from the high activity of Decem , the people to the gravity of the situa-| jer, but the month showed sales some | tion arising from a diminishing produe-| what in excess of the total sales in tion at a time of world scarcity of} Januar There diss goods. tribution of me nilers Financial. ‘all through Jan ny ship- The report of the Federal Tt | ments were on ord plac during } Lank of Kansas City as of February 13,! the he high prices shows that some progress is being | of merehandi Icutated to toward contraction of the use of edit facilities of the bank for} than purely business financing Bills discounted which were secured. by Doe Se ee Lae SOREN a | government war obligations | te compared with fous week and $39,7 as reported Januar All other bills , discounted ¥ 795, compared with $57,140,439 the previous week and| $48,431,749 at the beginning of the year, Open market purchases were SPECIALS FOR TUESDAY AND WEDNESDAY 25¢e 30c wilers to be influence re’ B WOMEN Bf WATCH AND WAIT [a RED TAG SALE | | Richelieu aclegs June Small Peas, Per can .... Richelieu pe Superting: Sifted Peas, Per can . Richelieu Medium Surprise Peas, Ber camnitn 2 | } Casper Storage Co. Phone 97. wutious about | that the losses wjll_be felt for years. Carnes. Biskerase Co. and Public PHONE 1147-1345 WE BUY AND SELL WYOMING OIL STOCKS .List your stocks with us, we can handle them on a re- markably low margin. Our commissions are of amount involved. FOR SPECULATION: We recommend the purchase ot Royalty & Producers, Bessemer, Picardy, Domino, Outwest. These stocks will make you some nice money in and Sunset. a short time. FOR INVESTMENT: We recommend the purchase of E. T. Williams and Consolidated Royalty. WE WILL SELL SUBJECT: 2100 American at 2c 1000 Columbine at 1000 Domino at 21c 5000 Hutton at 214c 1000 Royalty & Producers at 46c 1000 Mike Henry at 614 1000 Picardy at 17c 2000 Glenhurst at 6c 1000 Lusk Petroleu 2000 Bessemer at 43c 2000 Amalgamated 1000 Tom Bell at 27c 1000 Wyo-Tex at 16c 1000 [Wind River at 500 Western Aeroplane at $10.00 WILL 3000 Domino at 19c 2000 Bessemer at 39c 5000 Royalty & Producers at 44c 2000 Glenhurst at 5c 5000 Wyo-Tex at 14c 5000 Hutton at 17%%c 1000 Cow Gulch at dairy stock, have been shipped into repayment. eee , that state to consume the surplus of | Sr, The largest flour mill west of the last year’s feed. Oklahoma live stock ' came through the bad weather of the, Mississippi river has been put in Op- All Rooms Modern.’ Reasoniiite’ kates , evidences .that fewer sows have nena ‘ reveals a material Joss which is said to “MIDWAYILIFE New Mexico reports say prospects are]” A Chinaman with @ son caw ss | good for a big calf and lamb crop. and | borrow money—the | large nurhbers tle, inclutiing much ‘his son's son being COURT HOTEL sig boa A ela 9. aa ra m4 520 ‘early stint Gf trathe Hn tists condition. | eration at Astoria, Or. The mill has Kansas reports a shortage of swine and Fite capacity of (4,000 barrels of! By Day, ‘Week or Month TO THE PUBLIC MANY PEOPLE HAVE ASKED ME-WHAT’S DOING? ARE YOU GOING OUT OF BUSINESS? 1S THIS A CLOSING OUT SALE? TO ALL THIS—IN A FEW WORDS—IS MY ANSWER: - COME TO 164 SOUTH CENTER STREET ANY DAY AND YOU WILL BE GIVEN A HEARTY WE! - CONE. J. L. LEARNER bred for spring farrowing. The movement of live stock from the ranges since the beginning of the year has been retarded somewhat by inade- quate transportation facilities. Low prices on the markets, compared with the prices of « year ago, are also said to have disecurazed free marketing, With an abundance of feed in the Southwest and good demand for fed stock, however, there is a disposition on the part of many. farmers to hold back their stock. The volume of ship- ments of stockers and feeders in Jan- uary, when compared with a year ago, be due to the frequent losses sustained by feeders and to the urgent demand for fat cattle following the close of the war. Live Stock Markets—Arrivals at the six principal live stock‘markets of this district in the month of January were 87,006 cars, as compared with 37,694 cars in December and 44,134 cars in January, 1919. There was a decline of 12.7 per cent in cattle receipts as com- pared with the December record and of 14.9 per cent as compared with the re- ceipts in January of last year. Re- ceipts of calves were also less than in the previous month and in the same month a year ago. While 12.7 per cent more hogs arrived at these markets in January than in December, the January total fell 30 per cent short of the re- ceipts in January, 1919. Fewer sheep came to the markets last month than in December, but the January total was Horses and mules on the market were almost double the Decmber receipts and 119 per cent larger than in January, 1919. Building. Seventeen cities in the tenth federal reserve district report to the Monthly Bulletin a total of 1,185 permits issued , in January for buildings estimated to cost $8,791,955. This compares with 658 permits and an estimated cost of $1,552,192 for January, 1919, showing an increase for this year of 466.4 per cent. Compared with the reports from the same cities of permits issued in De- ember the January record is larger by 314 permits issued and $3,283,946 in timated value, This tremendous gain over December is éspecially significant in that it shows an indication of build- ing expansion in 1920 notwithstanding the increased cost of labor and mate- rials, and there are evidences that many buildings ar esterting early de- spite winter drawbacks to gain what- ; ever advantage in prices is to be gained before: the big spring rush begins. An: | other gratifying feature of the building | situation is that 88.8 per cent of the! imated cost of buildings for which ; rmis were ‘issued in January is. to ‘There «are p fo into/ new. construction, Men and women at forty stand at the portal aia Ne ucial period. Strength must be kept up, the body well nourished. SCOTT'S EMULSION is the tonic of wonderful helpful- ness to those in_ middle’ life. SC OTT" 'S nourishes and in- vigorates and helps the body keep up with the daily wear and tear on ctrength, Let Scott’s help ke 5: cei top Reep vou dnbastl Smoke House Brokerage Co. Smoke House Cigar Store Phone 1288 ‘ OPEN SESSION AT 8 P. M. We specialize in the buying and selling of Wyoming oil stocks, PAOD IPP OO CPO PCO OT & Lester Brokerage House N Specializing N NEW YORK OIL 156 K. Wolcott Phowe 1142 aleathaaeathatiatattiatiadiat a atatntatntiartiatoa a , N N 2 Exchange OVER IRIS THEATER’ € . . . . : ‘ . \ . hor. gt one percent Henning Brokerage Company J. A. Howlett (Private Wire) J. J. Giblin All Local Oil Stocks Bought and Sold New York Curb Stocks Cairied on Margin Flat 6 Per Cent Interest Rate Information on All Stocks Cheerfully Given Office: Henning Hotel Lobby Phone. 1040-W 56c TAYLOR & CLAY, ine. STOCKS AND BONDS Full information regarding Wyoming Oils, New York Stocks, Liberty Bonds and other issues furnished, upon request. Place yotir buying and sel‘ing orders’ with us. Complete facilities of our office enables us to ee are on be a ome quotations. “We are only Brokerage Compa Wyo. y York Stock Exchange Connanine sea a Private Wires 2 Casper, Lusk, Chian, Rawlins Denver im at 26c Petroleum at 1 Ike 6 lye BUY BEST BOWL OF CHILLIN TOWN “0c at the CHILI KING LUNCH 8 “Grand Central Block. All kinds of Sandwiches at .) Popular Prices, Quick Service, Highest Quality \ \weavcrerrrree rae e eee 43c