Casper Daily Tribune Newspaper, February 7, 1921, Page 5

MARKET GOSSIP { _— the southeast quarter of se field. The New interest in this quarter. Salt Creek oil fleld and the New York haa therefore fared better than any other firm so far as known. This last. Brant cevers a tract located in the heart of the field and certain to be- come a@ rich producing area. Word from Washington also statcs that rove leases will be grantod the New York this week and that ranrtiy the applications for tracts»: other districts by the company are to come ‘up for action. The Polsor. Snider dis- trict claims are thougbt to be ebout realy for the secretary’s signature. New Color.do Wildcat. A new wildcat proposition has been started in. Colorado. The Carter Oil company’s yen are in the field with material znd the Standard Oil Com- pany of New Jersoy is also sending men ty engage in the work. T):e standard rig, tools, other drill: ing equipment and casing on the way to DeBeque have a total weight ground 3£0 to 400 tons, and a fleet of big trucks will be required to trans- port the outfit to the field from De- Beque. ‘The first drilling will be done near the southwest corner of section 35, township 9 south, range 97 west, sixth principal meridian’ A 20-inch hole will probably be started, as it may be necessary to go to a depth of 3,000 feet to reach the best sands, altho a big production may be struck at 2,400 feet, according to the indications as interpreted by geologists. The drill-| ing is for the joint account of the In- land and Carter ofl companies. Pipeline Buns. Runs for the past week in the dif- ferent fields of Wyoming are as fol- lows: Barrels. Big Muddy .---.---------_-- 10,500 Salt Creek --_----------____ 218,000 6,300 20,000 none none 5,410 none Rock River .. --- 48,490 ‘This shows a slight decrease inthe Wyoming production over the other reports of past weeks and the Cat Creek. field is putting out 19,480 bar- rels for the same period. New Field in Montana. It now appears as though there is @ chance for another field like the Cat Creek field to be found in Mont- ana though this new venture is lo- cated far north and the well that is doing the testing is across the ‘bor- der in This new operation is about 36 miles north of Havre and the well is located on a great structure that ex- tends south across the National boundary. The south end is -gener- ally known to geologists and oil men as the Clear Creek structure and it has :beén passed upon by the ex- perts as being an exceptionally good Place for wildcat operations. ‘The Ohio Ofl company has accord- ingly started drilling a, well on this end of the anticline and the Canadian well is 1g put down by the Impe- y ‘rial Oil pany of Canada which is the Standard Oil company subsidiary of that region, .The Ohio well is about 14 miles southeast of Havre. This: anticline is thought to contain oil in the same sand that is making | the production at Cat Creek and seeps in that part of the country show a | paraffin base oil of good quality that | would indicate practically the same oil as is produced at Cat Creek. | The Ohio is also putting a test down on the Ingomar dome that is also considered a good possibility of bringing in 2 wildcat field in the near future. gt Brown Absorbs Cheno. The Brown Oil corporation of Del- | aware is to take over the Cheno Oil | company which is cperating near Sho- | shoni in the Alkali Butte field and | also the holdings of G. O. Brown of | that vicinity The Cheno has _ several shallow | wells in Alkali Butte where a shale oil production is found about 800 feet AND FIELO NEWS __ NEWYORK 15 GRANTED NEW LEASE _. The New York Oil company again hit the bell yesterday when the secretary of the interior allowed lease grants upon | +! ction 1-39-79 in the Salt Creek ¥ork Oil company has over 23 per cent This makes the ninth approval for this company in the and the possibilities look good for a Possibys deep pay. This is being test- ed eat by ‘the Myrin Oil company which will Mkely be completed this roming spring. FREIGHT AATE GUT [5 ASKED BY CATTLEMEN Six Western Associations Joined in Petition for Reduction Sent to Intertstate Commerce Commission (By Associated Press) WASHINGTON, Feb. 7.—A reduc- tion in freight rates was asked today of the Interstate Commerce Commis- sion by six of the largest cattlemen’s associations of the west. Their spokesmen told the commission that market prices of sheep, cattle and wool had fallen so low that western cattle raisers and farmers were no longer able to sell their produce for enough to pay freight rates. The complaint contended that fi- nancial conditions made it impossible to obtain loans to condition cattle for market properly and that growers were compelled to sell “for whatevar they can get in an unmarketable con- dition.” “Sheep have so declined in value that they will scarcely pay the freight to market,” the complaint said. “The wool is unsaleable and crops of last year are stored with no buyers. “Within the last ninety days cattle have declined 40 to 50 per cent, hogs have declined an equal amount, and sheep have declined as much or more. This condition leads but to pbank- ruptey and ruin of the entire farm- ing districts of the country, which face prices below cost of production, while cost of production is _75 per cent above pré-war costs.” Joining in the complaint were the National Livestock Shippers’ league, the American National Livestock as- sociation, the National Wool Grow- ers, the Cattle Raisers’ association of ‘Texas, the Corn Belt Meat Producers’ association of Iowa, and the Kansas Livestock association. a Tt was clilmed that incredsés dbs to the commission's decision last Au- gust amounted to $40,500,000 annual- ly to the cattlemen in freight rates. OIL EXPORTS 10 GERMANY ARE HALF THOSE OF 1914 Ol exports from the United States to Germany are now running at about 50 per cent of the pre-war rate. In the first ten months of 1920 shipments were resumed on a large scale. Ger- many importing more than 65,000,000 gallons of gasoline, kerosene and lu- bricating oil, valued at about $15,- 000,000. ‘This is the first important quantity imported since 1914, when 53,800,000 gallons were received, the outbreak of the European war in Au- gust of that year bringing the quan- tity down considerably from its nor- mal rate. In 1913, Germany received more than 98,000,000 gallons; in 1912, 114,000,000 gallons, and in 1911, 140,- 000,000 gallons from tho United States. Shipments of kerosene from the United States to Germany in the first ten months of last year totaled 24,- 700,000 gallons. This compares with a normal pre-war rate of approxi- mately 110,000,000 gallons. Ship: ments of lubricating ofl in the 1920 period totaled 26,400,000 gallons, this quantity evan exceeding the pre-war Ground Floor LOCAL OIL STOCKS Royalty -... Consolidated seco Royalty Casper Ranger -....._____ Picardy Riverton Refining -. Royalty & Producers Today’s Markets by Wire Furished by T: & f Ol Ereheogr Bidg. Pinzes 203-204 7 he Casper Daily ripune — Wyo-Tex ‘Western -$136.00 $138.00 CLS GAIN BUT + 100 1.50 - 1.00 3.00 + 13.00 28.00 + 2.00 2.12 - 23.00 28.00 . 37 50 = 4.60 4.62 “ 4th 44s . Victory 4%: WXOMING CRUDE OIL MARKET Sunset ...-.....2000 04 Tom Bell Royalty ..-... 04 07 Western Exploration ..... 1.90 2.00 Wind River Refining -. OL 02 Wyo-Kans . 210 2.20 Grass Creek ----------.-----__$2.00 Torchlight ----.-_. - Elk Basin -.... Greybull Lance Creek Lander --.--..-.—. level of shipments. In 1913 ar.d 1912, Germany received only 21,000,000 gal- Tons in each ten months period, while in the ten months of 1911 only 16,- 700,000 gallons were imported. Gaso- line shipments in the 1920 period were also large, amounting to more than 18,000,000 gallons, against a pre-war rate of 12,000,000 gallons. SUPPLY HOUSES CUTTING PRICES) Oil Field Materials on Toboggan; Dealers to Stand Loss, Is Claim _ The ofi well supply houses of the northwest have started cutting prices on materials and notices to this ef- fect have been by several of théYarger firms andthe srialler ones are expected to follow suit in the near future. : This drop in costs of material is | CASPER MANAGER BILL "HAS GOOD CHANGE IN HOUSE, THINKS FREE The following letter from Harry Free, representative of Natrona coun- ty in the lower house of the state legis- was received by Charles B. Stafford of the Chamber of Commerce, relating to the city manager bill now Pending in the legislature. “The Cheyenne bill passed the first reading ahead of ours on account of the amendments, but will have no ef- fect on our bill. I think that we have @ strong lineup to kill the Cheyenne bill on the second reading, which comes up Monday or Tuesday. Have no fear—we are going to win.” ———qx+- MT. LASSEN ACTIVE (By “Associatd Press‘ + REDDING, Calif., Feb. 7.—Lassen Peak, California’s only live volcano, threw out clouds and steam for two occasioned by the lessening of de.[MUrs today and then sank into a mand for supplies on the part of the operators and this condition’ tended to leave the supply houses with heavy stocks of high priced goods on their hands. The supply houses are cer- tain to stand a loss in the reduction for much of the material in the shape of tools and other oil field equipment somnolent stage. A similar phenom- enon occurred yesterday. LOGE ADVANGE Shorts Dominate New York Stock Market Again After Stronger Opening (By Associated Press) NEW YORK, Feb. 7.—President Wilson's rejection of the plea of the railroad unions for a re-bearing and rumors of a possible hitch in the Reading plan provided thv shorts with material for a generai attack during the morning on today's stock market. The several Reading !ssues fell 1 to 2% points, other rails also, becoming heavy. Leading olls, yar- ticularly Mexican Petroleum, Royal Dutch, Shell Transport and Houston fell back 1 to 3 points and Crucible Steel forfelted its early gain of 1% and more besides. Baldwin, Stude- baker, American International and International Paper yielded 1 to 2 points under pressure. Call money was available at 8 per cent but time| $: funds were in scant supply. The same issues which have served the purposes of speculative interests for the Inst fortnight were again most prominent at the opening of to- day's stock market. Oils, shippings and local utilities were the outstand- ing features, General Asphalt, At- lantic Gulf and Manhattan Elevated soon recording gains of 1 to nearly 2 points. Last Saturday's inquiry for Reading shares was tentatively re- sumed, the first preferred gaining a large fraction. Heaviness of Mexican Petroleum gave the list an irregnlar setback within the first half kour. Money and Exchango NEW YORK, Feb. 7.—Prime mer- cantile paper 7% per cent. Exchange firm; sterling, demand $3.83%; cables $3.84%. Per cent discount. Time loans, firm; 60 days, 90 days and 6 months, 7 per cent. Call money strong; high, 8; low, ruling rate, 8; closing bid, 7; offeréd at 8; last loan, 8. Montreal 11% Silver. NEW YORK, Feb. 7.—Bar. silver, domestic 99%c; foreign, 60%4c; Mexi- can dollars, 45%c. Metals. NEW YORK, Feb. Steady; electrolytic spot and first j beneficiaries. quarter, 13@13%c. Iron—Nominal; No. 1 northern, $33; No. 2 northern, $30; No. 2 southern, $28@30, ° ‘Tin—Firmer; spot and nearby, $33; futures, $33.50. Antimony—Spot, $5.25@5.62. Lead—Dull; spot, $4.76. Zinc—Hasy; East St, Louis delivery spot, $5@5.05. At London: Standard copper £72 2s 6d; electrolytic, £77; tin, £166 15s; lead, £22 128; zinc, £24 16s. ee Mrs. Erma B. Alrich, postmistress of the Kansas house of representa- tives, -has--great reverence for the Stars and Stripes. Noticing that a flag used in the decoration of representa- tives’ hall was askew, she mounted an improvised scaffold at considerable personal risk and pinned the flag so that it would “‘stay put.” styverey 1.—Copper—| Mooseheart and its big | Livestock Mart CHICAGO, Feb. 7.—(U. 8, Bureau of Markets)—Cattle, receipts 14,000; beef steers and she stock 25 to 50c higher; top steers $10.00; bulk beef steers $7.50@8.75; balk butcher cows and heifers $5.00@6.25; bulk canners|Prices Stronger at Opening but} and cutters $3.25@4.25; bulls steady; bulk beef and bolognas $4.75@6.00; calves steady; bulk light vealers to packers $10.00@11.00; stockers and feeders strong. Hogs—Receipts 69,000; lights 15 to 25c lower, others 25 to 35c lower than Saturday's average; top $10.15; bulk 200 pounds down $9.75@10.00; bulk 220 pounds up $9.00@9.36; pigs steady to 10c Jower. Sheep—Receipts 20,000; lights 2c lower; top $10.00 bulk $9.00@10.09; yearlings and sheep strong to 26c lower; choice 91 pound yearlings $7.0 tops ewes $5.00; bulk $4.00@5.00; feed- er lambs nominally steady. DENVER, Colo., Feb. 7.—Cattle— Receipts, 1,700 head; strong to 25 cents higher; beef steers, $6.25 @7.26; cows and heifers, $5.25@6.40; calv $8.00 @10.50; stockers and feeders, $6 7. Hogs—Receipts, 13.00 head; market, 15 to 25 cents lower; top, $9.60; bulk, $8.50@9.49. Sheep—iecetpts, 2,900 head; mar- ket, 25 to 40 cents higher; lambs, $7.25 @8.25; ewes, $3.75@4.25. Ces apenas INTERESTING LECTURE DELIVERED ON GREAT WORK AT MOOSEREART T. M. Howell, a national officer of the Moose lodge, delivered an enter- taining lecture Sunday night to mem- bers of the lodge and their friends in the basement of the new home at Wolcott and A streets. The great work being done by the lodge at 8:|Mooscheart where nearly 1,000 boys and girls, dependents of the order, are receiving an education. The address was preliminary to a camp- aign for membership, which will be waged here in an effort to bring the membership up to 1,000. J. W. Miller presided at the meet- ing and introduced Mr. Howell, whose lecture was illustrated by views of family of Schembeck's orchestra gave an entertaifing musical pro- gram, including solo numbers. About 700 people attended the lecture. ————+_—__ BUILDING CAMPAIGN IN SHERIDAN (5 PLANNED SHERIDAN, ‘Wyo., Feb. 7.—Ap- pointment of an industrial commis- sion to negotiate with contractors and the building trades commission in an effort to start a building campaign in Sheridan’ as a means’ of solving the unemployment _ situation was an- nounced today by Mayor M. C. Camp: lin. ; ‘The plasterers’ union agreed to vol- untary reduction in wages of 12% per cent, the commission announced. was manufactured out of costly steel]. and other raw materials that was purchased when the price was high and the cost of manufacture was also high. Now that the cost of raw products has dropped along with the demand for the supplies, the firms that carry these goods for the ofl workers are finding themselves with stocks of high cost material in their stores that they cannot get rid of sometimes at cost prices, TOO LATE TO CLASSIFY FOR SALE OR TRADE—320 acres lo- cated near Bayard, Neb.; 160 acres under irrigation, alfalfa and beets, 40 acres fenced hog tight fence, two wells and running water. Will trade for Casper property, livestock or for automobiles or trucks. $5,000 cash consideration or equal value in ex- change will handle this deal. For particulars inquire of the Natrona Realty Co., 112 East Second, or phone 370. “Doing Business in Our New Store on The Old Basis OF Standard Quality Merchandise at the Lowest Possible Prices Th ening on Saturday of our new store fully justified our faith in a regu- lar clientele Ear appreciate our ambition to present a new'and up-to-the-minute stock at prices conforming with the | We take this opportunity to thank our patrons for giving us a sendoff on the test mar! i} road to bigger business in Men’s Clothing, Shoes and Cents’ STAR CLOTHING CO. , (Successors to J. L. Learner) 260 SOUTH CENTER STREET Across the Street From the Natrona Hotel “GODLESS MEN” After viewing the masterpiece that Reginald Barker has created from the great novel, “Black Pawl,” whose author is Ben Ames Williams, it makes us pause and won- der how a mind can conceive such a theme. belief to most of us. Then to reproduce it upon the screen in such a vivid way is indeed astonishing. It drives home a great lesson, but does not preach. It is a big story of men of the sea who are infidels and have only hatred in their hearts for all mankind. : In the face of a terrific tropical hurricane the big sea captain says, “There is no God, here I stand, let him strike.” Then later, this same man humbly says, “God for- -. give me.” Here it reaches the pinnacle of human emo- .- tions. Itdelves deeper than words can convey. It’s more than a motion picture. It seems like a living reality. It will engrave itself forever on your memory. The America management is proud to present such a production, both for its entertaining and moral value. It appeals to all classes, young-and old alike. HELENE CHADWICK is supported by an all-star cast, FINAL SHOWING TODAY. AMERIC XN A Tribute to the Author and Producer of A. It is beyond SNOOKY, THE HUMANZEE, IN “THE ONE BEST PET” ADMISSION 40c | Argentina, SAG IN WHEAT MARKET AGAIN Decline When Buying Orders Are Filled (By Associated Press) CHICAGO, Feb. 7.—Wheat prices declined today after a show of firm- ness gt the outset. Initial appcar- ance of strength was duo to active buying on the part of a house wi:! northwestern connections, but whe this demand was satisfied tho marke underwent a material sag. Bears con- tended that with competitioa from Australia and India, vx- port sales no longer could be depend- ed upon for the inaintenance of 2o- mestic values. Opening prices, watch varied from unchanged figures to Ic higher, with March $1.57% to $1.58 and May $1.47% to $1.48, ‘vere fol- lowed by slight further gains and then by a setback all around to wall below Saturday's finish. Rallies fatled to last. If was said India. sold 1,000,000 bushels to Italy cheaper than the wheat could be ob- tained in the United States. Predic- tions of business with Greece proved mythical. The close was unsettled 2% to 2% net lower with March $1.54% to $1.54% and May $1.44% to $1.45. Corn swayed with wheat. After opening unchanged to %c higher, in- cluding May at 66%c to 66%c the market hardened a little more, and then suffered a modernte general de- cline. A big increase of the visible supply total led later to additional weakness, The close was nervous, %@% to 1'% cent net Mower with May 65% to 65% cents. Oats were governed by the action of other cerenls, starting %c off to %o advance, May 42%c to 43, and la- ter scoring slight further gains fore beginning to weaken. Large receipts of hogs had a de- pressing effect on provisions. be- : Wheat, 67% Oats, May 42%; July 43 cents, Pork, May $21.50. Lard, May $12.42; July 43 cents. . Ribs, May $11.5: Provisions CHICAGO, Feb. 7.-—Butter, un- Last Times Today iq esse He boasted the “best- stocked wine cellar in town.” Then Prohibition set in, and he invited the social elect to sam- ple his rare old vintages. When they came, with their mouths watering, he went down stairs and found — every bottle empty! A Joyous: Tale of “Departed Spirits” Two-Part Comedy “The SLICKER” IRIS ORCHESTRA Admission 30c TOMORROW . OLIVE THOMAS in one of her last pictures “DARLING MINE” changed; creamery extras 45¢; ards, 44c. Egss—Lower, receipts 13,246 Poultry—Alive, { higher, fowls (springs 29c. Cotton. NEW YORK, Feb, 7.—Cotton tures’ closed barely steady; March, $18.34; May, $13.75 July, $14.15; Octo ber, $14.40; December, $14.55. a age ee GROCERIES AND MEAT MARKETS TO REGISTER Cyril R. Bodenbach, city dairy and food inspector, issued a notice Sat- urday for all grocers and butchers doing business in Casper to register with the city clerk, preliminary to in- spection of their places of business. ‘The request is made to, eliminate com fusion in connection with carrying out the provisions of the city ordin- ance requiring such Inspections: and — the work may be greatly facilitated. Those coming under the provisions of the ordinance are asked to register before February 5. POSITIVELY FIRST. RUN IN CASPER LYRIC Continuous 1 p. m. to 11 p. m. TODAY The Peter Pan of the Screen Viola Dana “Cinderella’s Twin” A Six-Reel Comedy- Drama NEXT “THE FACE AT THE WINDOW Starring Dakota Lawrence A WESTERN THRILLER NEXT PATHE NEWS NEXT SOME MORE TOMORROW WM. S. HART ‘THE TESTING BLOCK’ : Hart’s greatest and latest picture. It’s a knockout. 4 } is more than often the successful man — he knows that bead) clothes create confi- dence and have their | part in business success. It costs very little to have that successful - look. Our medern dry cleaning and pressin, will make your busi- ness suit looklike new. Try it now. QUICK SERVICE Clalealy — INCORPORATED 131 8. CENTER 8ST. PHONE 598) Casper Chicago pid City Look for This’ Emblem