Casper Daily Tribune Newspaper, January 27, 1921, Page 5

THURSDAY, JAN. 27, 1927 = So ndard copper £69, 12s, 6d; elec : tA. ’ - ames | ; feay/ Agricultural Chemical, Mexican [ Sta | % q : 3 oils alao yielded to further preasure. | trolytic, £77, = | y é 4 ° : ‘ Preliminary quotations for foreign| Tin £174 lis. | Today’s Markets by Wire Eraieronry ema i, Tres | 1 Sina te 5 | - a I f ’ day, the British demand rate making | “4 FROM LEASES Px. by Taylor & ‘ @ further advance to $3.35%. . : Fesaished by Tay Clay * a F Money Market Livestock Mart Jt pa Greand Floor Oil Exchange Bidg., Phones 203-204 ‘ % i NEW YORK, Jan. 27.—Prime mer- ™ ; E Political and Eu Oils Make Furth Seay eaveiny, LR Ore ling de-| CHICAGO, Jan. 27—4U, 8, Bureau ‘n Lt . . LOCAL OIL STOCKS .05| European Political onomic|European Oils Make Further} Exchange irregular; sterling de-) IRA GS: TRE: Cire. \ Wyoming's Share of Royalties from Government) Amatsamatoa ttoyaity =~ 12 $9] Ganditions EH : Mee oe Le (mang. saat a: cablen, $2.88 | of Markots—Catile, pacdpee, 14808 Ls . ‘onditions Have Bearish Advances, But'Most of List ‘Tithe loans, firm; 60 days, 90 days| beef steers steady; early sales most | OC} s 5 oe: r ‘ths, 644@6% per cent. | 10 to 2c lower; few cattle losds held | Weis Lands to Reach Staggering Total and Big 02] NEW YORK CURB CLOSING | Effect Is Sold Off SHR ASA EMO oe "| Molind $10; bol Se) er Okt nana * " “30 Mudwest Rete. $188.00 $140.00 Silver. | grades fat cows and heifers slow, tend Melon Will Be Cut Soon, Report ae Midwest Son Fk 100 ay (By Associated Press) (By Associated Press) NEW YORK, Jan. 27.—Bar silver.) ing lower; canners and low priced, Boston Wyomin, 94 1.00 bert pl hi ad E44 - CHICAGO, Jan, 27.—Unsettled po-| NEW YORK.” Jan, In its €8-| domestic, 99ia2; foreign, 66%c; Mex-| butche: cows steady; bulk ean: y' 1S sprenser 9 +00 Merritt 12.25 13,00 litical and ecanomic conditions in Eu-|sential features today eck market \ 0@$8.75; bulk butcher cows $84 N Buck Creek 26 29 ry ican dollars; 50) $3.40@$3.75; ix bute! 3 (Special to The Tribune.) apes oar epee Glearsay c aa rie! rope led to sharp declines in the| followed the dull and uni pain oouren @ $6.00; few heifers above $6.75; bul Fe i 5 5 “ Ss . 100] wheat ‘market. today. Bearish crop|of recent days. After a further ad- Metal Market. bere alae 8 CHEYENNE, Jan. 27.—During discussion Monday in: the Wyo- ‘S13 137 60| gossip tended further to depress val-| vance in the European olls, especial-| ow york, Jun, 27.—-Copner.| SOR RT Ss) ces fees bei pa State of Nvasing under the Federal mineral leasing act, Repre-| Consolidated Royalty 122 78? 8.00|changed figures to 1% lower with|eral Aaphalt, American Can, Gerural| ‘ef 12% @18c; second quarter, nomt-| erg and feeders slow 39 tart ica sentative P. W. i H 5 Casper Ranger 01 BT 1,12|March 81.62% to $1.68 and May] Electric and International Paper, the d are o 33: heehdl sentatr P. Jenkins of Fremont County submitted the following’ cow Gulch Siti catt 125 ‘37 | $1.62% to $1,63% wore followed by a|list began to sell off, Asphalt and). Jron—Hasy: No. t Sorkin. Sls) ase lower than yesterdays ave . Statement regarding the probably amount of this revenue: = 107 {09| Cities Service Com. -- 260.00 265,00) decided setback all around. Moxican Petroleum wore among the | N p ARE AG. Fenehet| ughte most pcusi eee toate Hees, “Th i ~ 40 ‘328. 0. Indiana ----.---- 7.50 73,50] New low’ prices for the season were| first to weaken with Euldwin Loco- |?) é gq.| Pounds and up §9. .85; piss | the a sates be MS e State of Wyoming (petroleum) for T1038 07 NEW YORK STOCKS reached by! cam and oats. Liberal) nitive, “Studebaker and | Henublic| Neer ey@gg | Sn | 858 lower - | Beaten seDS mS ARE 00, splat _ - 295 3.00 receipts of corn continued. After| Steel. Among the specialties Sears iia: thea At : Sheep—Receipts 30,000; not early | ? ssioner of immigra-| with the Greybull Ii e tr ge 4g | Mexican Petroleum -- 255,25 159.75} opening uc to %c down including| Roebuck lost three points and other i 7 sales choice sheep and lambs, bide | tion on January 1 estimated the 1920| With the Grey ng by: tay ine & pipe | ORtee, = ita Sinclair Oi -. ~ 28.25 28.50|May at 66%c to 67c, the corn mar-| miscellaneous shares fell one to two} Antimony—Spot, $5.86@5.62. ding 25@60c lower; cholce lambsweigif | putput at 17,750,000 barrels, or ap- BLE eens: pe ce ala me Creek Ween Feroewn 43.50 43.62|ket underwent a further sag. points, ‘The money market way un-| .Qnecunsy! Bett Bt Toule sprit. |. clings $9.66; bidding 250 lower Ge Eom eae Liscngt acd aie soe a Rito Geey bulls Te the. pean treat at | Ouiplter aca: Tas reae Oats fell with other cereals, start-| changed with. gail loans at Fe ee ona | reeding ian . hy 5 Past OeRetpene) 82.37 f ing unchanged to % off, May 42%c/ cent, but the British rate of exchange Pee at ee re ocas eonece nda, permet Bas been. pinee te Frannie FO oh wr —— = 120,00 119.87/and then suffering a general decline.|made further gain to $3.86%. and. privat leases— nee to Greybull by rail, ‘Lance Creek Royaity .. Tisviaiand: Wearedal as otrequit: of probably 11,000,000 ‘varrels) federal The Midwest Ohio Texas joint well| Lusk Royalty -. bs the downward tendency of hogs and (By Associated Press) ‘Definite information as to the ex-|in Little Buffalo Basin, which has| Lusk Petroleum : feat: NEW YORK, Jan, 27—(Wall Street act amount of oil produced or fed-| been burning for several months with Mike Henry .. ‘ 10:30 a. m,}—Extreme dullness at- 9 eat ee could not be ob approximately 125 200,000 feet, of gas| Mountain & Gulf --—-. : .! CHICAGO, Jan, 27.—Close: tended the early dealings in the stock ats e est i e pated Ledy Dube I a ata was coming from several sands, has been|New York Ol! . . Wheat—March $1,644, May §1.64. |™arket today, the nominal. treding 5 be dnest, Oil company from date; oxtinguishe*...A shot of dynamite dis-| Northwest 28 33 | Call Money Corn—May 67c. July 68%c. disclosing the usual irregular mix- 2 re 3 sere and communicated yo the} chazea over the casing while 12] Outwest 01.02 LIBERTY BONDS Oats—May 42%c, July \2tee. ture of gains and losses, Royal Dutch to this yf nahn, tag aS ane y be the | Rollers were throwing steam on the] Picardy 07 09] 3%s - +.$92.02| Pork—January $22.50, May $22.95, |800n rose 1% points and General As- “4 i. : Y’ PETER Dea iy Eat ent zee flames, did the work A concrete wall} Riverton Hefining 4 .09 | First 4s -. 87.70! Lard—January $12.97, May $13.60.|Phalt advanced a large fraction. barrejs sped aeons Baca ey ‘per | 48 Row being Wuilt around the well to| Royalty & Producers .26| Second 4s --. 87.60] Ribs—January $11.82, May $12.37, |American Can, Vanadium Steel, In- | Bacar $e anchor the-casing when an’effort will| Sunset: -r------ ‘08| Second 446 --~ 87.46 ternational Paper, Peoples Gas, Ches- barrel, making $90,000. Twenty per} © rt wil ke & Ohio were highen by f | Pent Of this, or $18.00, gece <> tho} be made to shut it in, Workmen within| Tem Bell Royaity ~ 04 .07| Firat 44s - 87.76 Provisions. apecke so. wake Dig Hen DY AEA: | government. Of this $18,000, aris | a half a mile of the well wear cotton| Western Exploration ----- 2,10 2.15} Third 4%s - 90.40} CHICAGO, Jan. 27:—Butter, high- pen ho| a Pane a iP Seay emane per cent, or $6,750, goes to the state,| im their ears on account of the roar,| Wind River Refining -... .01 —.02{ Fourth 44s 87.80/er creamery, oxtras 4¢c; standards, | MelNaed tla Cupie Steel and Ami i giving it a revenue of $2,454,000 per| It can not yet be ascertained whether| Wyo Kans -------- ~ 1.90 2.00 Victory 4%s-. 97.80 phe ia eetee' Recent: 2800 fae | r. From Februa: 25, 1920, the well was ruined by; rs Eggs! ver; oo caset | Seevir panesce ee tig on araeee BSSENy sehenciams, WYOMING CRUDE OIL. MARKET firsts, 68%; ordinary firsts, 55@56c;| ‘The Colorado Nursery Company | ing bili; to June 30, 1921, which is Grass Creek 32,60) Rock Creek at mark, cases included, 56@57%c. | established 1880 Incorporated 1907 the close of the fiscal year, there will GAS STRUCK IN Poultry—Alive, lower; fowls, 30% J.Q. Jackson, Mgr. acerus to the state $3,272,000, Bik Basin 2.60) Big Muddy ~. Springs) 280, Taveland Colorado “As soon as cases pending are set- Greybull 2.60) Pilot Butte ‘There has been a big demand for large tled there will be on hand. for dis- Lance Creek 2,55) Hamilton Dome - Se AORRYS trees this year. If you have not placed tribution $11,000,000, of which 20 per Lander ~~ 1.85] Mule Creek NEW YORK, Jan. 27.—Raw Sugar) your order, do 80 at once'as the fol- cent, or $2,200,000 goes to the govern- ment. was quoted at 4c a pound in the mar- ket here today, the lowest price re- lowing includes all of the large stock BIG TEST WELL Northwest Lance Creek Drill Penetrates Heavy Gas Pro- ducing Sand The joint well of the Ohio Oil Com- pany and the Buck Creek Oil Com: pany, drilling in the northwest part of the Lance Creek field, came in yes- terday a big gasser, The estimated production is around 25,000,000 feet, This well was watched closely by the ofl men interested in the Lance Creek field for it was thought that the well might discover the main feeder of the present development. Of this amount 25 por cent, or $550,000, will pass to the state, mak- ing @ total due to the state on June 30 of $8,822,000. At that time it ap- | pears that at least one-third of $1,- | 274,000 should -be available. The de- partment of the interior refuses to make an estimate." é that we will have for spring delivery. 100 Extra Large Cottonless Coton- wood, 100 Extra Large Carolina Poplar 50 Large Elms, These trees are all 2 to 3 inch stock and about 12 feet in height. This 1s the last canvas before spring delivery, which will be made ahout April 1, 1921, Have your orders ready and I will call for them, 8. H, PUNTENNEY General Sales Agent Residence 5108 Park Aye Phone 760-J process from the mother pool is so slow that the migration of the oil is is insufficient to uphold the flow of the wells that were large at first. - JD OIL REGULATION ; IS INTRODUCED (Continued from Page One) wells and a tee of $50 for a permit to operate gas wells, the fee to cover yearly operation. The fee for the op- eration of oll wells is based on amount of production, ranging from $25 to $75, This provision has been a bone of contention, the committee being dl- vided on the question of taxing the fee according to barrel production. the state geologist the operation of the measure can be carried on with a deputy geologist, five inspectors, a | chief clerk and a stenographer—a total jsalary list of about $54,000, this in- | cluding the salary, of the state geolo- | gist. Additional expense of equipment brings the estimate to about $75,000 for a two years period, or about $33,- 000 a year, The income to the state, also estl- mated by the state geologist, places the revenue at about $187,000, or a pro- fit of more than $50,000 yearly, The income is based upon the operation of wells at $50 yearly, counting 1,000 wells as an average of operation in the state, and on the probability of 1,- 500 wells being drilled within the next corded in more than two years. This figure, including cost and freight. was Mue to renewed pressure. Potatoes, CHICAGO, Jah. 27.—Potatoes re- ceipts 38 cars; market easier; north- ern white sacked, $1.10@1,.20 cwt,; bulk, $1.15@1.25 cwt. ‘The Carter Oil Co.'s test on Duck Creek, nine miles south of Billings, Mont., encountered water in the Em- bar sand at 2,100 feet, The company accepts the results as conclusive and will not drill to the limestone. The rig will he dismantled and no further ef- fort made to drill on this struct It cost the company $14,000 in freight to MARKET GOSSIP Eastern Montana Wildcat ’ The wildeat being drilled in eastern’ Montana by the Arkansas Natural Gas| Co,, is Jocated on the Hunter farm, sec- tion 19-3-59, Carter county, 18 miles, northeast of Ekalaka and 30 miles, Southwest of Baker, The hole is down The to a 1G-inch casing at 1,600 feet and it is expected ‘to enter the Colorado formation at around 3,000 feet. The rig has been enclosed for winter opera- tions and it is possible that it will be completed before spring, The Ohio O}! Co. has an immense acreage in this district which will be tested by the Arkansas Natural Gas Co well, an¢ it is understood that Ohio is inter- ested in the test as a joint operation: i It has always been held that the Lance Creek development takes the oll“from some mother pool lying in that vicinfty and that when this pool is found that the real field ‘will! then be developed. ‘he wells that have been drille tte present develop- ment are said t> derive their crude from migratory scurce- snd this ac counts in~a way-fer the rapid decline after they are drilled in. , ‘The theory is advanced that ‘the As a@ result several changes may; be made in this respect. All moneys derjved from the issu- ance of permits #6 be turned over to the general stgte:fund.and the cost! of the operation of the conservation department are to be carried by the Btate. The sthte geologist is also e1 two years at $25 the drill. —_——> may only carry sums of money er or operator..who fails or refuses. to comply with the provisions of this|rums, must be banks. Jewelry and Watch repairing pert workmen. 11 work guaranteed, Casper Jewel: ‘fg. Co., O. 8S, Bldg. Travelers to andy from Germany by ex: to the r fvalue of, 1,000; marks in any one day, powered to cancel any permit of Owner ogg? in a calendar month, Lareee transmitted thr6ugh | transport its rig and material to the location and .epproximately $25,000 had been expended in urilling opera- tions® The company had 14,900 acres on the’structure tied up in leases. ‘COMPLETE SHOWING U. P. TRAIL Forty different money prizes ranging from $250 to $10—costs you nothing to submit a title. Contest runs from January Ist to April Ast. Send your suggestion to the B. Goodrich Rubber Company in either New -York, Boston, Chicago, -Kansas City, Seattle, Denver or Akron—and when next you buy rubber boots or ‘ Combed ivock pressure of the mother pool is Wigwam in Ol Sand ‘so great that it has forced the oll The Wigwam Oil & Gas Associa- through the sand for great distan f ces tion’s wildcat on. 26-17-65, Fountain and that thes® migratory pools of oil field, near Colorado Springs, Colo., is have been accumulated in some quan- inan oil sand at 1,800 feet. Operations tity yet when the wells are drilled into shoes insist on the kind with the Red Line ‘Round the Top. act. —_ According.to the estimates made by! Tribune Want Ads bring results. SPRING STYLES have been suspended until President G.jsame, the. quantity is insufficient to ‘W. Brinson can arrive at the well. The hole 1s showing some oil but the sand is very tight and until a conference is held it will not be decided whether the hole will be shot or drilling continued. It is too early to say whether the well will be 8 commercial producer. Montana Wildcat Abandoned The Midland Petroleum Co,'s test on section 19-5-20, Big Coulee structure, 12 miles south of Byegate, Mont., was Grilled to the Madison limestone at 2,- 970 feet, After penetrating this sand 26 feet drilling was suspended. The hole cut several oil sands but none containing production in paying quan- tities. Several wells have been drilled ‘on this structure in the past but most of them stopped under 2,000 feet. The ’ Midland test was through all. the knoWn sands and is considered con- clusive. Gas Line Turned into Ojl Carrier Representatives of the Illinois Pipe Line Co. have announced that the pipe line from Byron to Greybull, which in the past has been used in conveying ‘gas, is to He converted into an oil pipe, line, Under this arrangement sustain the drain made by the weils and at the same time the filteration New Lamp 8urns 94% Air Bests Electric or Gas A new oll lamp that gives an amaz- ingly brilliant, soft, white light, even better than gas or electricity, © has been tested hy the U. 8. Government and 35 leading universities and found to be superior to 10 ordinary oll lamps. It burns without odor, smoke or noise—no pumping up, is simple, clean, safe, Burns 94% air and 6% common kerosene (coal-oll). ‘The inventor, J. O, Johnson, 609 W. Lake St., Chicago, Ill, is offering to send a lamp on 10 days’ FREE trial, or even to give one FREE to the first user in each locality who will help him introduce it, Write him today for full particula Also ask him to explain how you can get the agency. and without experience or money make $250 to $500 per month.—Adv. | ~ God Jazz To The Wild Strains of The Great _ Greybull must depend in future on the Hidden Dome as the source of its gas} supply. | In doing this the Elk Basin and Frannie pipe line will be connected ——— DUPLEX GARAGE Rajlroad and Walnut, west of ‘Northwestern roundhouse, First class auto repairing. Reasonable FAES® An Work Guaranteed Phone 6183 Hyland =: SLEGI RE S SOL TSSIS FSO S ESSE GSS, Even the Birds Are Singing It, Singing It. : Singing What? JAZZ COAL LIVERED PHONE 493 CASPER ICE and COAL isfaction. Casper -119 East First Street No More Chilly Rooms . You need not have any more cold, chilly rooms, as Nat- ural Gas can be piped to any room and a Reznor Copper Reflector Heater will make that room cheerful and cozy. Connected at your convenience and guaranteed to give sat- “*There’s a Size for You’’ t Gas Appliance Co. Phone 1500 WI IALLPLALLLELLLELLLAL Knox Sailor For Ladies ‘Simple, But Surpri ingly Smart Priced, $8.00 Up Bone Corset Exclusive Agents Nu- S Goodrich Rubber Footwear Ss- Corner Center and Fifth. The Little Store That Courtesy Shown to All THE PALMS ICE CREAM PRODUCTS, put up in the most about the new prices. Milk, per quart Milk, per pint . Whipping Cream, half pint Hot Tamales, Home-made 0, N. MATSON : Taylor MATSON BROTHERS Cream, for coffee, half pint ... Phone 1519-M Does the Big Business AND ALL THEIR NEW MILK sanitary way, Tell your friends +17 cents 2 Candy, ©, H. MATSON Chill, & Clay (Incorporated) ‘CASPER, WYO. ' Ground Floor, Oil Exchange Bldg., Casper, Wyo. Phones 203 and 204 New York Exchange Stocks Chicago Grain Markets Local Oils Bought and Sold NOTICE The Reeder Shoe Repair- ing Shop HAS OPENED Those who have. shoes in the shop will , please call for same , Just Stop in or Phone 1288 For Your Meat 233 East Second John P. Grifffin Friday’s Dinner ‘Salt-Water Fish— Salmon, per pound__________ 35 cents Halibut, per pound_______<__35 cents Finan Haddie, per pound____35 cents | Codfish, per pound__________ 40 cents ' Mackerel, each___________ __30 cents i} Fresh-Water Fish— Bullheads, per pound___--_-_- 35 cents Catfish, per pound______-___ 40 cents Pike, per pound______---.__- 35 cents Pickerel, per pound__------- 35 cents ’ Fresh Oysters, pint____--.--- 50 cents Home-made Mince Meat, pint_40 cents WE BUY THE BEST—DO YOU? STOP AND SHOP