Casper Daily Tribune Newspaper, January 26, 1921, Page 5

WEDNESDAY, JAN. 26, 1921 oy RE A SORENESS be Casper Daily Cribune MARKET GOSSIP AND FELD NEWS BRASS GREEK PROSPEGTS BRIGHT The drilling of the test well below the present oil producing sand at Grass Creek has opened up wonderful possibilities in that| region for development. It is now known that another oil horizon, lies below the Grass Creek sand and that in due time this will also be developed over a territory much larger than the present field. This new sand will produce a heavier crude than the regular Grass Creek oil now being sent to the refineries but it will also, be in such greater quantities that it will ultimately bring in more than the present production has brought in. From a. well-known oi! man who has just spent several weeks study- ing the Grass Creek situation, the word comes that there will be at least 600 wells in that field to be drilled on down and possibly that many more new wells to go down on the outside’ of the present area. What this will mean to Grass Creek and the lower end of the Big Horn Basin can hardly be estimated now. It is assured that Thermopolis, Basin and Greybull, as weli as many of the other minor towns of the Basin, will become important points solely through the influence of the oll busi- ness and that the development work is assured for many years to come. ‘The present refineries will be enlarged to meet the increase in production and in turn other flelds that are now idle for lack of pipe lines or other €auses will be called upon for their 2foduction to help supply the ultimate deinand. Oil Men Leave for Meeting. A large number of oil men and others interested in the Salt Creek} and other fields here, will leave to- night for Denver to atténd the im ing to be held there tomorro- the Bureau of Mines. This meeting will be held to ccn- sider the best means of shutting off) water in the wells so as to prevent its migration from its present reser yoirs to the existing oil sands. ‘The Bureau of Mines has called the 1; ing, of operators to try and reach a} general: form of procedure ‘hat <ll) companies may follow and thus x gen- eral. result can be had while were each one to try some separute method, the resuit would likely re- sult in confusion and heavy losses| due to water encroachment. at Moorcroft ‘Test Important. A wildcat test that is expected to be of considerable interest to the oil) men in general is being started on the Little Missouri, on section T= 65 by the Houghton Oil company et/ al, about 20 miles northwest of Mour-| croft. This well is to test out the general ‘theory that the whole southenr part of the Black Hills is a possibic oll structure with dry areas are known to’exist near Upton and Os- have been defined to some extent ‘This well is Bo located geolo:ically that the Dakota formations are ox-| <peéted at about 600 feet and the La-| kota ‘sand of theDakota formation is| looked upon as a possible oil } | formation here. \ ‘The shallow sands will be tested in the big hole and should these b found: barren, the well will be drill: to the Minnelusa for a complets test The Minnelusa sand is a sand lyin} well down close to the granites in the} Black Hills region and it has aiways| peen held as a possible ofl reservoir} by many of the geologists who have, explored that region though |tion there. | Minnesota | Utah 2 |the greater part are by far located jare very few and are mainjy beng 41? COMPANIES IN MONT. FIELDS Over 100 Strings of Tools Work- ing, Wyoming Corpora- tions Represented Montana has made greater strides in the development of oll areas than the average operator and other per- sons interested in oil matters here. has been aware of. A steady stream of material for drilling wells has been going into that state for the past months and to date there are 103 strings of tools in, actual opera- There are 402 comparfies now at| work in the state and while the cor- porations hail from Montana in the main, other states are. represented as well. The list of companies and their home states are as follows: Corpor- ations. Montana Wyoming South Dakota Delaware Washington Maine Colorado Illinois New York North Dakota Oregon Kansas West Vitginia Arizona —.. ee er ee Ye) Total 402 Of the wells drilling over the state, in the Cat Creek field. There are now 67 wells drilling in this operation and the other strings are scattered all over the territory without regard to any particular spot. The trend of the development has so far kept within recognized geo- logical lines in the main, here and | there are a few wells drilling 1n areas | “axe “wiikte ‘thé ‘limite of the pools | “Pere, they nO possible ehancé of finding Sit bolting sandy but these promoted by men who are wholly un- familiar with the workings of -th» oil business in generak When the wells now drilling at Cat a very good idea of what may be ex- pected in the future there as the lo- cations will test out the whole area rather completely. ae YANKEE GIRL DECORATED. NEW YORK, Jan. 26,—Miss Belle Today’s “LOCAL OIL STOCKS Amalgamated Royalty -- 13 .15 American 1-2 .01 Atlas -. 02 Big Indian . 35 Bessemer -- 30 Blackstone Salt Creek -. 92 Grass Creek $2.60 Torchlight -. 2.60 Elk Basin. _. 2.60 Greybull 2.60 Lance Creek Lander -.. Markets by Wire Furnished by Taylor & Clay Ground Floor Oil Exchange Bidg., Phones 203-204 WYOMING CRUDE OIL MARKET Wind River Refining Ol 02 Wyo Kans 1.90 2.00 Wyo Tex - 02.05 Western Oil 27.28 Y OW -.. Al 4 NEW YORK CURB CLOSING Midwest” Refg. $138.00 $140.00 Boston Wyoming 1.00 Midwest com. 1.00 1.50 Buck Creek Midwest pret. 1,00 3.00 Burke -. Merritt... 1275 9 13.25 Black Tail 03 Glenrocl: Ot 2.00 2.12 Capitol Pete —. 03 Salt Creek - 24.00 Columbine 45 Western States . 37 Consolidated Royalty 1.28 Prod. & Refrs. . 5.00 Casper Ranger -. 01 .02 Cosden . 6.00 ‘Cow Gulch - + 1 a3 Elk Basin . 7.87 Domino 107 [og Allen ........ 87 Elkhorn 10-12 Okmulgee _-.. 225 EB, T. Ww! 103 1/07 Cities. Service com.... 255.00 Frantz 2.95 3.00] 8. O. Indiana 72,50 Gates am 40 Az NEW YORK STOCKS Great Western Petroleum 06 08 Mexican Petroleum ..$157.00 $152.75 Hutton Lake - ‘03. (95 Sinclair Oi 24,00 23.25 Jupiter ‘03. ‘9: Texas Oil seeenevs 43.00 42.87 Kinney 20- 24 Pan-American Pete 431 73.75 ri : “og U- 8. Steel --.... ! 2.12 sors bette fr 08 Union Pacific R. FR... 119.00 119.75 eink: Paroles = 707, 08]. ROREIGN EXCHANGE Mike Henry ... Fa ae cr Mountain & Gul eden New York Oil .... 160 peo Bath: Northwest 33 . fits. -$92.10 DEewere 02 | et 4s ~ 87.80 arn 09 gna 487 teeee 87.80 Riverton: Refininy 09 Fst 4148 +. 88.10 Royalty and Producers .. 27) na’ 41-4 <1 7.96 Sunvet ~ 4 “08 rd 41-48 ++ 91.00 Tom Fell Royalty — ~ 04 07 gth 41-48 ) 88.40 Western Exploration -_-_ 2.15 2.25,Victory 43-4s + 97.26 Rock Creek -. 2.35 Salt Creek - 2.25 Big Muddy 2.25 Pilot Butte Hamilton Dome Mule Creek Fruit Jobbers In Convention __ To Talk Trade COLORADO SPRINGS, Colo., Jan. 26.—An outline of work to meet busi- ness re-orgunization incident changed trade conditions was suggest- ed by President A. R. Currie of Se- attle at the opening business session of the Western Fruit Jobbers associa- tion here today. He advocated co- operation with the carriers, although admitting that a more aggressive at- titude might be necessary to secure a reduction in freight and express rates, and a readjustment of taxation to take care of war charges without undue hardships on business. For the purpose of bringing about ‘tion “a special cated to act with the president to as- sist in investigating and defining the position of the association. A glieck» of- the convention<shows New Orleans in the lead for the, con- vention in 1922, although Kansas | ing Creek reach the pay,. these wi!l give| City, Mo.; and Fort Worth, * Texas, | ON GAMBLING CHARGES |are making a hard fight. Edward T. Scott of Lincoln, Neb., second vice president, appears to be slated for the next president, according to gos- sip among: delegates. | $5.25@6.75; to | | mostly a more equitable distribution of taxa-+ committee was advo-~ Livestock Mart | Jan. 26,—Cattle—Re- jceipts, 7,000 head; beef and butcher cattle steady to strong; bulk steers, $7.75@9.25; some choice held above $10; fat cows and heifers mostly, bulk at $5.50@6.35; veal | calves largely 50c higher; bulk good and choice, $12@13; stockers and feed- ers, steady. Hogs—Receipts, 32,000 head; lights 10 cents lower; others about steady; stop, $10.10; bulk, 200 pounds and down, $9.60@9.90; bulk, 200 ‘pounds and up, $9.25@9.50; pigs, 10 to 15c lower; bulk, desirable pigs, $9.50 @9.75, Sheep—Receipts, 19,000 head; han- dyweight kliling classes, strong to higher; weightier kinds, steady; lambs, top early, $11.25; some held higher; bulk, $10@11; top ewes, early, $5.75; some held higher; bulk, §4.23@4.80; prime, 92-pound yearlings, $9.50. THREE ARE-BOUND OVER HICAGO, Following a hearing in thé justice of peace court on charges of gamb- ling, three alleged gamesters, Long, valley of France, ruined in the war, was decorated here today with the Skinner of Holyoke, Mass., who,adopt- pev.r{ed and undertook reconstruction of Honor. cross of a chevalier of the Legion of The new Hatton-Chatel is have they been able to find a struc-|Hatton-Chatel, a village in the Meusenearing completion. ture where it was recommended ihat the Minnelusa be drilled for an oil showing. The sand has always Leen found water bearing and the well on, the Little Missouri will try to rind an oil deposit in same, in case the 1 low sands are dry. 4 MILLION FOR ROADS, PHOENIX, Ariz, Jan. The committee on highways in the lower house of the Arizona legistuture today introduced a bill appropriating 000 as additional funds for su i 2 hugh: | nid | Ways. It would match federal funds provided under the post roads act of congress, the toiul of the com bined funds being $1, WASHINGTON, Jan. 26—State pas- senger fares in Montana were ordered today by tho interstate commerce commerce commission to be. raised to the same level as those prevailing in interstate commerce. The commis- sion said rates now in effect discrim!- nated against interstate business. Peeorut AR FOR GENERATIONS” | NTEN'S: PLAN oF A ration of IBA and CUBEBS —AT YOUR DRUGGIST— | Ask for BY NAME ONLY. evoid Substit CAPSULES DUPLEX GARAGE Railroad and Walnut, west of Northwestern roundhouse. First class auto repairing. Reasonable rates. All Work Guaranteed Phone 6183 Hyland Geologists Oil Experts Oil Field Maps Blue Prints Explorations Reports Wyoming Map & Blue - Print Co. | P. O. Box 325 Rm. 10, Lyric | NOTICE The Bon Ton Cafe Open Night and Day. Chop Suey and Noodles a Specialty srrrmssonessnnc seamen omen otane Montgomery and Wilson, were bound over for the March term of the dis- |trict court. This is the first Case of | gambling to be treated in this man- ner. Until yesterday small fines ‘have been assessed those arrested. 119 East First St. Solid Comfort 7 Is at your command in an instant when you have a Radiantfire installed in that Fire Place. No odor, no ashes, no bother, costs only a cent an hour to operate. Waray yarns before the: Iaciatfire in front of our salesroom. ‘Absolutely guaranteed to give perfect satisfaction. Our gas fitters will connect one at your convenience. Casper Gas Appliance Co. WHEAT PRICES. GIVEN SETBACK Other Grains Drop to Lowest Level of Season on Chi- cago Board. CHICAGO, Jan. 26. ‘Wheat unde: went a material setback in price to-| day owing largely to assertions that no export tax was probable in Argen- tine for some time, and’ that muc! grain could be exported without the ranged tax. Opening prices, which from %c¢ to 1%%c lower, with Marc! $1.65% to $1.66% and May $1.56% t $1.56%, further declines. Future deliveries of corn and oats dropped to the lowest price level yet) this season. Liberal receipts had 73.50) bearish influence. Corn, after open-| ing %c to %c lower, including May| down THC grade. Oats started at %@e to tec a cline, May 43% continued to descend. Provisions tended downward wit! grain. CHICAGO, Jan. 26.—Clo: March, $1.631-4; May, $1.531 Corn—May, 671-4c; July, 68 3-8c. 4c; July, 42 3-4c. to 67%c went further Produce Prices. CHICAGO, Jan, er; creamery extras, 451-2c; stan lards, 45 1-2@45 3-4c. Eggs—Higher; receipts, 8,426 case: $1.20@1.30 cwt. Money Market. NEW YORK, Jan. 26—Prime mei cantile paper, 71-2@8. Exchange strong; bills, 3.77 1-2; commercial on banks, 3.77 1+ bills, 3.77; demand, 3. cable 8.823-4. Time loans, firmer; 60 day: 90 days and six months 61-2@63 per cent. Call money, firm; high, low an ruling rate, 7 per cent; closing bi 6 per cent; offered at cent. sterling, 60-day bil BILL WOULD GIVE LEASE PREFERENCE T0 NEIGHAD CHEYENNE, Jan. 26.—Senafe 83, introduced by Senator J. G. Ha well of Niobrara county, amends t isting provialg siding neares' only. Phone 1500 $i $ $ belongs to YOU. experience in close were followed by moderate @43%c to 43%c and) ‘Wheat 26,—Butter—High- 60-day commercial 60-day ; last loan 7 per law relating to the leasing of state: and school lands to eliminate the ex mn that the applicant re- land to be leased shall) ing obtained for speculative purposes} | | New Bills in Legislature CHEYENNE, Jan. 26- Senate files introduced: S. F. 29, by Skovgard—Relating to treasurers. S. F. 40, by Chassell—Relating to |delinquent ‘taxpayers in 1920. |S. I. 31, by Gardner—Relating to Jarticles of incorporation of churches and religious socicties. 8. F. 32, by Sibley—Legalizing chi- ropractic, S. F. 33, by Hartwell—Relating to |the manner of leasing state lands. 8. F, 34, by Hartwell—Relating to the trial of common misdemeanors. House bills introduced: H. B. 86, by Mercer—Relating to salaries of ‘superintendents of water | districts. H. B. 87, by Platt and Brewer— Creating a special coal commission, with powers to investigate and ax | prices. H. B. gasoline. Passed by house: H. B. 32, by Ford—Re-establishing the “two-plate” system of automobile licensing. Ayes 44, noes 0. Big Horn County Division Project Allowed to Lapse r h h oO a} to 88, by Story—Relating je- | h CHEYENNE, Jan. 26.—The erst while active Movement for creation of a new county from the northern d- first, 60@60 1-4c; ordinary firsts, 57|P0rtion of Big Horn county seems to @s8e; at mark, cases included, ‘58¢p |bave been dropped. ‘The “lobby” he: 59c. early in the session, feeling out di- Poultry—Alive, higher; fowls, 31c;| Vision sentiment, has departed and ti springs, 28c. Big Horn division project onl, occa: —_—_ sionally is mentioned in legislative Potatoes. gossip. The project may be revived, CHICAGO, Jun. _26.—Potatoes,| however, before expiration of the 39. steady; receipts, 39 cars; Northern|“ay period during which the introduc- white, sacked, $1.10@1.25 t.; bulk,| tion of bills will be permissible—per- missible if this legislature adopts the 30-day “dead line” rule of. its pre- decessors, whether it will be revived, or ambitious Lovell will be satisfied with the status quo during the next two years, is sald to depend on de- velopments along certain other lines. Meanwhile, it is said, “Uncle Joe” Neville of the Big Horn county dele- gation is in possession of a division bill, ready to introduce it if that ac- tion be deemed advisable. oo HARDING PLAYS GOL soclated Press) Fla., Jan. r 1s nd id, (By FORT PIERCE, Golf attracted President-elect Har: ing ashore from his houseboat, the Victoria, again “today, the vacation eee putting in here early in the day’s run for a round of the Fort Pierce links. It was midday before ‘| the journey southward was resumed. he The have a preference right to Imse| thereon. This provision, it is said,| U P TRAIL frequently has resuletd in leases be-| 2: =. the distribution of funds by county] | the STFELS LEAD IN HPWARD TURN Specialties Strong With Further Improvement in Exchange Rates (By Associated Press) NEW YORK, Jan. 26.—The mar- ket made further upward progress during the morning subject to realls:- ing sales, which were most effective in the steels. Mexican Petroleum gained 3% ard others of that divicion one to three. Motors, equipments, sugars, leathers and tobaccos coni- prised the strong specialties. Ex- change made further improvement, London rate amounting to $3.88%. Call money was firm at 7 per cent on further prospective fed- eral withdrawals. Leading shares were mainly high- er at the opening of today’s stock market with General Asphalt common as the most prominent feature, gain ing 2% points in the first few trani actions, with the preferred advanc- ing 2%, most oils were strong, as were also chemicals, International Pa- per und coalers, United States Steel ranking: nbsolutely no response to the financial statement issued after yes- terday'’s close. Exceptional strength was shown by foreign exchange, the early rate tor demand bills on Lon- don rising $3.82%. This establishes a new high record for over six months. NEW YORK, Jan. 26.—Further ex- tensive purchases of remittances to London, Paris and other European points, imparted additional strength to the foreign exchange market to- day. Scerling demand bills rose to $3.83 3-8, a gain of 3 cents over yes- terday’s final quotation, and the high- est figure since last July. Paris de- mand bills sold at $7.14, an overnight advance of 12 points though consider- ably under last Monday's rate, and Belgian francs at 7.49¢ were about per cent over yesterday, but about 12 per cent under their recent maxi- mum. The Italian rate was strong- er, as also were German and Swedish exchanges, but Norway and Denmark quotations were reactionary. Metal Market. NEW YORK, Jan. 26.—C pper— Quiet; electrolytic, spot and first quar- ter, 12 3-4@18c; second quarter, 131-4 @12c, Tron—Nominally unchanged. Even the Birds Are Singing It, Singing It. Singing What? JAZZ ~ To The Buying Public October, 1920, Prices 00.00 18.00 12.00 $2.00 $1.50 65c 40c $8.50 $3.25 Suits Silk Shirts ~-___ Overalls ____ A ¢ ‘ and careful buying. Silk Shirts [£22.22 SAK PI OS 6 ae i aa ee at Silkwloser2gae tis | 80.00 Weisle; FlOSe sae ee a SB ee ea Wotton’ Flose sas ese ay eas cee a Corduroy Pants --__---____ $10, $11, $12, $12.50 Work Shoes _____ For the guidance of the Buying Public, we offer below a list of merchan- dise prices, making comparison of the purchasing power of YOUR Dol- lar as of October, 1920 and January, 1921. January, 1921, Prices ie fe oe EBT BO) _---$12.00 $8.00 $1.25 The above prices do not represent SPECIAL SALES prices nor STOCK REDUCING prices, but rather geduction in REPLACEMENT costs to us, a SAVING which legitimately It is our desire that YOUR dollar shall always purchase full value based upon OUR -Campbell-Johnson Company Head-to-Foot Clothiers Firm; spot and nearby, $3: @33.50; futures, $34.00@34.50. Antimony, $5.37@5.50. Zinc—Quiet; East St. Louis deliv: spot, $5.37@5.50. At London—Standard goppery pounds 5s. “Tin—169 pounds 5s, —Spot, pounds 12s 6d. Zine= pounds 5s. 5 Silver. * 2W YORK, Jan. 26.—Bar silveta domes 2c; foreign, 66 7-8¢; Mexe ican dol st RS. IDA Brattleboro, HAMBURGH, of Vt.. who says rth that would do what ‘Taniac has done for her. Gains twenty-seven pounds. “I think {t is perfectly marvelous the.way Tanlac has built me up. Be: fore I began taking it I was in wretched health gnd only weighed 117 pounds. I now weigh 144 pounds and my health is splendid. “I never dreamed that there was @ medicine on earth that would caus@ me to regain my former weight and health in so short a time, but Tan- lac did it and I simply cannot tell you how grateful I am to this wonderful medicine. “I suffered for two years from in- digestion and dyspepsia and was in a very badly run-down condition. T had a tired, worn-out feeling nearly all of the time and rarely had any appetite “At times I would have indigestion so badly that I could hardly breathe. | also suffered from palpitation of the heart, severe headaches and | pains in my back, but thanks to Tan- all of these terrijje symptoms have left me and I now feel as welt as I ever felt in my. hfe. “Another thing; I sleep just splen- didly at night now and never suf |fer from nervousness. .ike I used to- ‘Tanlac is certainly a wonderful med- ine and I am only too delighted to recommend it to my friends.” Tie above statement was made recently \by Mrs. Ida. Hamburgh,, of 316 8. Main street, Brattleboro, Vermont. Tanlac is sold in Casper by Caspe* Pharmacy, in Alcova by Alcova Mer- cantile Co., in Salt Creek by Salt Creek drug tore—Adv. $6.00 --- $2.00 $7.85 35c 25¢