Casper Daily Tribune Newspaper, January 29, 1921, Page 7

SATURDAY, JAN. 29, 1921 AL ed en as aE CT RTE AEE NAIR EE ANA TEN MARKET. GOSSIP NEW WELLS er extensively the past two years hopes were high tbat it would become a large factor iu the ofl pro- duction of the country. So for the MortOrie Fescicum company vp from a minor operation os the most prominent in the development, the firm's hold- are located in the central oil icing district. Mont-Colo Petroleum company owns @ lease on 240 acres in section 36-46- Osage, Wyo. on which they have two good producing wells now con- nected to the pipe lines. These wells; were drilled by Burks & “lark as a} of the contract whereby Burks Clark agree to keep at least one @tring of tools constantly busy until twenty wells have. been completed on| this lease. Burks: & Clark to receive one-half of the production. Welt No. 2 was.shot last week, in- creasing the production to about 100 barrels per day. No. 1 has been} showing about the. same production but will be shot in the -early future. No. 3 is started 00 feet south of No. 1 and the additional wells will be started as fast as one is completed | until all twenty are drilled: The state| of Wyoming gets 12% per cent roy-| alty and others interested get 7% per| cent from this lease. Burke & Clark! hed bad luck last week whbn their! rig burned just after completing well No. 2. N. P. West, general manager, is leaving this week for New York to confer with parties there and at other points who are interested in « company. ‘ Drilis for Water, Gets Oil. ‘The Kasoming Oil company. is hay- ing trouble in Salt Creek where the y has a number of good wells AND FIELO NEWS|” Today's Markets by Wire FIND OIL’ THIS. WEEK| cma eventually lead to importing water from some distant point. ‘Tho first two wolla were eterted with rather small holes an the waver was expected at a shallow denth and ed as a 12-inch hole go that it. could 0 deep as need be and it was located in a spot where the Kasoniing sup- posed there was no oil whatever. The well reached a depth of 1,290 feet ard itis now one of the best shale oll wells in the southern part cf the fleld. Mid-Northern Gets Well. Another big well was drilled in in the Cat Creek field yesterday, tis is the Mid-Northern No. 6 and it start- ed off at 800 barrels, This well is located in the eastern part of the field and is owned by the Mid-Northern which is the operating company for the Midwest Refining in Montana. This new strike is probably the shallowest and quickest finished well yet drilled in the Cat Creok field. It just took 18 ¢arvs to complete from the time the well was spuciicd in and the sand was reached at a depth of 500 feet. It is the fifteenth producer in the Cat Creek field. Dividend Announced. Salt Creek Producers has an- nounced a dividend of 31-3 pec cent cash besides the dividend recently paid in stock of subsidiary compa. nies. The holders of Salt Creek Fro- ducers stock lost a little through the general decline in prices that affect- ed all stocks but this issue appeured to fare better than almost any other of the local stocks. Recently a stock dividend of Mountain & Gulf was de- clared that many of the stockholi- ers supposed represented the Inst of the dividends for this quarter but the cash ‘dividend: just declared came as a pleasing surprise besides the stock dividend, ——_—>—___ Miss Nellie C, Schaeffer, who has been appointed a deputy sheriff of Preston county, is said to be the first woman deputy sheriff in West Vi: ginia. Furnished Amalgamated Royalty --_ .12 14 AMCTICRN — yeesarereeeree 12 01 Atlas 01 02 Big Indian 37 40 BORON mene BT Blackstone Salt Creck —. .38 2 Boston waren 5 Buck Creek --—-----—..25 Burke ——-_-_______, 19 Black Tail _— ———-_.._ .02 Capitol Pete 01 Columbine ——_______._s 43 Consolidated Royalty ——. 1.22 aeennene= 01 Cow Gulch —..-e-.mc-e0. IL 413 DOMINO wy eeicicpernionnnn 07 09 12 1.07 3.00 wont AB Great Western Petroleum .05 .07 Hutton Lake ~-------. 03 .06 Jupiter awe O85 06 KUANCY. ween, BT Lance Creek Royalty —. .08 12 Lusk Royuity .... eh toO Re (C8 Lusk Petroleum... .038 04 Mike Henry .. SCT Ra U1 Mountain & Gulf —_._ New York Oil ,.. Northwest ~...---—. Qutwest .. WYOMING CRUDE OIL MARES: Picardy --.. mone ce OT Riverton Refining ----.- .07 Royalty & Producers -... .25 26/4 Sunset, —.--_..---—-_- 06 08 Tom Bell Royalty --.--. 04 07 Western Exploration —.-. 2.10 2.15 Wind River Refining —.. .01 02 Wryo.-Kans 2.00 Grasa Creek -.—-____._._--. $2.60 2.60 2.60 ~enereh—aepeene B60 Lance Creek s------.----------~ 2.55 Lander -~..--...----. 1,25 Te ; Floor Oil Exchange Bidg., Phones 202-204 Wy0.-Tex ap——w-=n-—--——— 02 “Western Oil Fields ------ .27 9 Y ON 2 een seneenn- 18 aly NEW YORK CURB CLOSING Midwest Refg. .....,$138.00 $140.00 1.0 1.60 8.00 12.78 5.12 1.50 8.25 1.43 “87 266,00 73,50 Cities Service Com, -~ 261.00 8, O. Indiana .~. NEW YORK STOCKS Mexican Petroloum -. Sinclear Ol -.----—-. ech O8 wireyavanecn Pan American Pete U, 8, Steel —----. 83.12 Union Pacific R, R. -. 120,00 118,75 FOREIGN EXCHANGE Sterling -——-~~;-—--—--—--------3.87 Francs .--------- 158.25 24.60 48.75 75.12 0720 Marks -~—--—---------——-—--- 0178 Lire ~-----~----------enenn =n -— 0373 Call Maney: <-n-ano-n--oe-enen =~ -1% LIBERTY BONDS Birst 448 copamnnearperenreemnn 87.20 Second 448 o———--————--————— 86.66 Victory 4 Rock Creek Salt Creek Big Muddy Pilot Butte Mule Creek ~~ OIL PRICES TO CUT DWIDENDS Loss to Merritt Corporation ‘ Alone on New Prices Is Half Million The cut in the crude market will cause several companies that have do- clared their intention to’ pay a speci- fied dividend for the coming year to either draw upon thelr surplus or else reduce the dividend. According to advices from Denver, the Merritt Oil corporation will be set back over $500,000 for the year by the drop of the market’ and other companies that Casperites are inte:- ested In closely will also be hit in this way. Consolidated Royalty has declared its dividend rate for the coni- ing year and B, T. Williams also but these companies are so solidly fixed that the reduction in the mar! THE UNIVERSAL CAR You Need One NOW. Buy One NOW. We Have These NOW. ” The Following list prices on Ford Cars: Ford Touring, Standard $440|Ford Runabout, Starter 465 Ford Touring, with Starter $510 | Coupe, with Starter Ford Runabout Standard $395 | Sedan, with Starter Truck, Pneumatic Tires $545 THESE PRICES F. 0. B.. DETROIT Take Delivery Now While You Can Get a Car EARL C. BOYLE 125-137 North Center Street not affect the stockholder this year, it is thought. The buying agencies in Louisiana dropped. the crude market in that state this week because of the com- mon cause, the over production of oi} and the. surplus of refined stocks. In Casper circies and also from the othe. oil centers hereabouts the general opinion scems to be that the pres: ent decline is only a temporary. one and that as soon as the weather be- comes nice for auto travel in the spring, the increased demand will cause a general upward trend again. ———>——————_ CARD OF THANKS We wish to expresa our thanks to our neighbors and friends.and the W. O. W. for the pretty floral offering for our beloved wife and mother and es- pecially to the Loyal Order of Moose for fléwers and services rendered to the funeral. OSCAR NELSON and FAMILY. MR. and MRS. A. H. NELSON. CAMMETT NELSON 4 MR. and MRS, CHAS. AKER- BLADE, 1-29-1t* A A Chinese woman does not kies. ‘When she wishes to show her affec- tion she gently presses the hand of her_ beloved. $74) $195 wpe Casper sap Crruune SHORTS TAKING. GRAIN PROFITS ‘M} Argentine Failure and. Economic Outlook Forces Selling in Pit (By Associated Press) CHICAGO, Jan. 29.—The failure of 2.13 /an Argentine bank, the general poll- 28.00 | tical and economic outlook and the government report on farm reserves, which was construed as favorable to the hears, despite the fact it showed @ Jarge reduction in supplies com- pared with a year ago, were respon- sible for the bearish sentiment. in all grains here today, Jhere was gen: eral selling in evidence and corn and oats dropped to 8 new low on the crop, Opening quotations on wheat, which was \ t- % cents lower with March $1,62 to $1.63 and ay $1.51 to $1.53, were followed by further de: clines and then a slight reaction. Later profit-taling by shorts on the break developed, causing a fair rey covery, but the rallies were com: paratively feeble. The market ‘con- tinued its heavy undertone and closed weak with prices down 2% to 3%¢, with Merch ¥1.42% to $1.68 and May $1.50% to $1.50). Corn followed ‘the trend of wheat. After starting % to 1%e off, with May 65%c to 66c, the market declined slight! ythen rallied. Shorts took, profits on the break in corn and forced a raily which soon carried prices upward. The close was weak with final quotations 1% to 1% lower, with May 65% @65%c to 65%c and July 67%c to 67%. Oats were governed by the action of other cereals. Initial quotations, which were off % to % cents with May 42%c to 42%c, showed further weakness and then hardened. Provisions were dul! and easter with grains. CHICAGO, Jan. 29.—Close: —March, $1.62%; May, $1.50%. Corn—May, 63%c; July, 87%4c. Oats—May, 41%c; July, 42%c. Pork—January, $23. May, $22.90, Lard—January, $12. May, $13.50. Ribs—January, $11 May, $12.25. ‘Wheat Potatoes. CHICAGO, Jan. 29.—Potatoes—Re- ceipts, 48 cars; market 5 to 10 cents lower; Northern white sacked, $1.00 ewt. Provisions. Shirts {@1.15 per owt.; bulk, $1.16@1.25 per | Livestock Mart | CHICAGO, Jan. 29.—{U. 8. Bursa of Markets}—Cattle—Receipts, 500; compared with week ago, becf steers fully 25q te 500 lower, som: cat. te off more; good and choice fat cows and heifers 25¢ to 50c lower; cos selling below $5; mostly steady; fat and bologna bulla, 25¢ lower; veal calves mostly 50c higher; choice ship- ping grades gaining more;’ stockers and feeders steers 25¢ to 50e lower, Hogs——Receipts, 6,000; mostly 10¢ to 15e higher than yesterday's average; spots more, closing strong; top, $19.35 for 160 to 170-pound averages; bulk 200 pounds and down, $10@10.25; bulk, 220 pounds and up, $9.50@9.80, Sheep—Receipts, 1,000; compared with week ago, handyweight feeder lamba 35¢ to 50c lower; heavies, [0c to Te lower; yearling and matured sheep, 50c:to $1 lower; feoding lainbs, 250 lower, ———_ er; creamery extras, 45%0; stands, 45%e. Eges—Lower; receipts, 6,845 cases; firsts, 5534@56c; ordinary firsts, 58@ 54c; at mark, cases included, 54@55c, Poultry—Allye, unchanged, NEW TABERNACLE BEING = AUSHED 10 COMPLETION The Presbyterian Tabernacle at the corner of Sixth and Durbin streets is being rushed ta completion by a large force of workmen, "Sho build: ing will be ready for use on February 30, It has been erected to care for the rapidly growing congregation which has taxed the seating capacity of the present church quarters for some time, The new structure will be floored, well heated and lighted, and comfortably arranged. Ail ser: fees will be held in the tabernacle at the regular church hours, ‘The tab- ernacle “warming” will be neld Feb- ruary 8 and all Presbyterians of the ality and those with out any church affillations are invited to attend at 8 o'clock, ——— MAIL ROBBER SOUGHT. DALLAS, Texas, Jan, 29,—Federal and state authorities today instituted a search for Albert L, Rowan, son of a prominent Dallas business man, who disappeared Tuesday following his indictment by a federal grand jury as the alleged leader in a sen- sational postoffice sub-station robbery here on January 1 a Due to the efforts of the French ‘Women's Council, a School of Com- merce for Girls has been founded in France, as well as a technical school SPECIAL ISSUES FEATURE TRADE California and Mexican Oils Rise} Among Few Stocks Affected (By Associated Press) NEW YORK, Jan, 29,—Trading in stock today was limited almost en-| tirely to special issues, notably oils, | equipments, motors and low-grade rails; Associated Oil rose 5 _ points, Mexican Petroleum can Linseed and American Agricil- tural Chemical 1 to 144, Chicago Pneumatic Tool rose 3%,. Pressed Steel Car 2%, Gujf States Steel 4, and} Continental Can, United Fruit and several of the utilities gained 1 to 3. 2% and Amert- New Orleans, Texas and Mexican | featured the ratls, rising 4 points and| Louisville and Nashyille, Texas Pa- cifie and Denyer and Rio Grande pre- ferred, led the others at gains of 1 to 2 points. eHavinesa of high grade rails caused some irregularity close. Sales approximated shares, | Silver, NEW YORK, Jan. domestic, 99140; foreign, ean dollars, 48c Money Market. NEW YORK, Jia, 29.—Prime mer. 62% 0; 3 cantile paper, 74 @8. Exchange, firm; sterling demand, —$3.85%;- cables, $3.86%, ontreal, 16% per cent dis- count. Cotton, NEW YORK, Jan. 29,—Cotton fu- tures closed barely steady; Ms 914.52; May, $14.82; July, $1 tober, $15.36; December, $15 pcb Pots A taal WEATHER FORECAST. ‘WASHINGTON, Jan. 29.-—-Weather predictions for the week beginning Monday: Northern Rocky Mountain and Plateau Reglons—Considerable cloud- iness; cold, oecasional snow. Southern Rocky Mountain and Pla- teau Regions-~Considerable cloud, iness, occasional rains and snows; normal temperature. —__—__—-—_____ Try Tribune wantads for results, CHARLES J. STONE 29.—Rar silver, | LOSES, v4 Wheatland Quintet Noses Victory Over Locals On Qu Their Own Floor ; The Midwest basketball tearn’s: In- | | vasion of Wheatignd last night jFe- | | sulted in their defeat, 34 to 2%,-by | | the tawn team there. The game was | | closely contested. The first half resulted in a tie, 21 to 91, and the Midwest had hopes that the lethargy that characterized thete playing would wear off in the segend half, but this hope was dashed, and although the idwest boys kept. the other side from scoring until the Jat- ter part of the half, in the last ‘five minutes of play, Wheatland made 5 point and won. { The Casper team did not reach Wheatland until rather late and their train pulled in just a half hour be- |fore the game was called, Seme of the Midwest men were still co'd when they went onto the floor and this is said to be the real cause of the leth- argic playing. Clowry and Errickson were the tar players for the idwest team In he game and Good and Jordan shone \tor the Wheatland team. The Wheat- landers are to come here February 4 for a retu game, Tecumseh, Mich. has a ladies’ band,’ with bass drum, big trombones, an’ everything. BIG EGG YIELD “From a small flock of hens I now get 20 to 25 eggs per day, whereas |before giving them Dr. LeGear's Poultry Prescription, I only received three or four. Its cost has been re- paid to mé over and over.’ So writes Mrs. J. W. Montgomery, Tunnel! Hill, Ia. You should increase your yield now, while prices are high, through Dr. LeGear's Poultry Prescription. It 1s onic which builds up the hen’s strength and vitality, and stimulates the egg-producing organs. For 28 years Dr. LeGear has doen recognized as America's foremost. Bx- pert Poultry Breeder and Veterinar- ian. Any time your poultry or stock are ailing, it will pay you to get the 2 Petroleum Geologist Reports and Survoya WINNETT, MONT. What “Out Side of Town” Customers say of These Wonderful Values \ Silk Every day sees an influx of new customers in the store, drawn by the prices on the high grade stock. Their remarks regarding some of the extraordinary good buys should be of interest to you. Sox Blue and Gray proper Dr. LeGear Remedy from your dealer, It must give satisfaction, or your dealer will refund your money. Dealers everywhere. Sold in Casper by Ceetle & Mechaley.—Adv. by For $1.5 You will find what you will have to pay $4.60 for in a city not so far away (name on request) Overalls and Jumpers $1.45 “Inferior grades are selling ut wholesale for 5c more per pair. What's the big idea?’ Carpenter’s heavy overalls —..$2.45 Hats HALF PRICE Velours, scratchups, high imported hats, all styles and colors, $8.50 *" $4.25 To $25.00 now $12.50 Everybody should have a hat. Florsheim Shoes $8.45 $8.75 “These prices are right.” Endicott-Johnson Shoes For Dress $5.65 — "Eas Sa fast.” $3.75 $6.75 $11.75 “Every boy can have a school suit now.”’ Worthmore Shoes _ $6.75 $7.45 “Give me another pair like these ’m Wearing.” * $1.25 Your choice of these fine Fey Sox, worth from $2.50 to $3.00. ‘““‘Why don’t you wholesale them at those prices?”—A man from Denver. Will-give every man who needs a cap to work in a good heavy fur in band cap, all sizes. Unlined caps going at half price. “The wind makes a cap a necessity.” ' Suits $14.50 $22.50 $32.50 $39.5¢ $47.50 These five groups include this large stock of suits, values that heretofore brought from:$30.00 to $115.00 ~~ Walk-over Shoes — $8.25 “For wear and style you can’s beat em.” Chambray Work Shirts We are selling these ** 85¢ Past six months they sold as high as $2.40. “You are taking your loss with a bang.”’—Billings. Dress Gloves $2.65 Pair Capes, mochas and kid gloves, all shades. Why give $4.50 or $5.00 ‘elsewhere * a 4 Overcoats HALF PRICE Just fifty left but every one a “steal” when you buy it this way. This includes raincoats, sheep lined, fur collar coats and leather coats. “T’ll buy one for next winter.” Boy’s Shoes size 9 134% $2.95 “Not many but Oh, the price.” pany, Denver. reduced prices. see them. 2 Pianos--4 Player Pianos Just arrived from the Chas. E. Wells Music Com- Placed in your home at the Denver It will be a pleasure to show you these instruments, and it is to YOUR advantage to Phone 211-M between 5 and 6 p. m. L. I. GULICH, Representative Permanently Located in Casper 913 PHONE COAL CASPER SUPPLY CO. 914