Casper Daily Tribune Newspaper, March 1, 1921, Page 5

AY, MARCH.1, 1921. MARKET GOSSIP AND FIELD NEWS: PS WI-KANS GRANTED RICH LISS, Fersiched by Taylor & Clay Ground Floor Oil Exchange Bldg., Phones 203-204 : Che Casper Daily € p Cridune Today’s Markets by Wire -PAGE FIVE ous to that: tin ume. The mining indus- try has also been depressed by price cuts on ores and slackened deman for metals. But with limited stocks of ofl and ores in storage operators express the belief that the conditions now prevailing in these basic Indus- tries cannot last long. 4 “Evidences of increased activity in some lines of manufacturing are ob- ‘FOREIGN BUYING BOLSTERS GRAIN Firmness Marks Trading on En- couraging Political News From Europe CHICAGO, March 1.—Bullish pottt: ical news from Europe gave a little firmness to the wheat market today. Besides, there was some evidence of foreign demand. Most of the trading, however, was of a local character, and the market was easily influenced. Opening quotations which ranged from \c decline to a like advance with March $1.66% and May $1.56% to $1.57 were followed by moderate general gains and then by numerous changes both ways from yesterday's finish. | Livestock Mart | CHICAGO, March 1.—(U. 8. Burea: of Markets) — Cattle—Receipts, 10, 000; early sales killing stock steady undertone weak; early top beef steers, $10.40; bulk, $8.50@10; bulk butcher cows and heifers, $67.7 and cutters largely $3@: ers, §11.50@12.50; stockers and feed- ers strong, sales mostly $7@38. logs—RecBipts, 27,000; market 25¢ to 86c higher; lights up most; heavies slow; others active; top, $10.85; bulk 200 pounds down, $10.50@10.75; bulk| 220 pounds up, $9.75@10.30; pigs, 25¢ to 400 higher; bulk 80 to 120-pound pigs, $10@10.40. Sheep — Receipts, 17,000; killing! Classes about steady; tending weak; | lambs top to’ city butchers, $11.25; packer top, $11; bulk fat lambs, $10.25, @10.76; early yearling top, $9.35; ewe top early, $6.65; some sales higher;| bulk fat ewes, $6@6. OILS OOWN IN STOCK MARKET Shorts Have Inning in Many Is- sues During Morning Trading Today NEW YORK, March 1.—Liquidia- tion and short selling effected further substantial depreciation of prices in today’s broad and active stock mar ket, many leaders losing 2 to 8 points. Sales approximated 600,000 ahares. The closing was heavy. NEW YORK, March 1. — Shorts sold freely during the morning on to day’s stock market when cables If- dicated Germany's proposals were disappointing. Oils, shippings, steels and the food and chemical shares CHICAGO, March 1.~—Bearish esti- timates of farm reserves led to constd- erable selling, but the effect failed DENVER, March 1.—Cattle Re- ceipts, 700; market 25c higher; beet steers, $7@9; cows and heifers, $4.75 were weakest. General Asphalt fell 5% and oils 1 to 1%. Atlantic Guilt reacted 2% to a new low, and Meroka- LOUAL OIL STOCKS Wing River Refining -... 01 _.02| Served, altho other lines elther show : iy wer et) Tl. 810 2.29) no 1S Wen or actual recession. Royall : : x 4 “Decided activty is reported in ais- \ Wyokans oil bs elena Monday received announcement oe ase 12 ai ‘3s Roftribution of merchandise ‘by whole. from Washington that application for a lease on 120: acres poy a 1 08 12 44} Salers, jobbers and manufacturers. in the south half of section 22-40-79 and for a permit ion 40 Big Indian. Ht $f NEY YO Ree ae Pian od TROL ee * Lae ¢ west re +3140. large. 21 acres in the- southwest quarter of the southwest qu: f| Blackstone Sait Oreck -.. 88 92) wiwest nate. +$139.00 $141.00/.4Fre so much lower at this time than section 18-40-78 of the Salt Creek field:-had been signed and Boston-wyoming 88 95 | Miawest Pref. ( $.00|® year ago, however, that percentages jested, allowing the immediate renewal of drilling on wells Buck Creek 2226) Merritt... 12.60) Of inerease or decrease in sales ex- ia séction 18, one of which is within) ready on the structure they have had Burke... 18 19! Glenrock Oil . 2.00{Presped in dollars, do not accurately 260 feet of the sand. Well No. 1 on|no difficulty in financing the project, |Back Tail . OL 02) Salt Creek .. 30.00 reflect the volume of units of mor- this lease is down 2,140 feet and the/and drilling operations will commence | C@Pitol Pete | saceeseeeees OL 02) Western States 87 | Chandise. The merchantile situation is second well is down 1,400 feet. Com-|us soon as the roads are in shape for ChADPelle . . .. aeses 63) 701 Broa. & Refra. 5.00| €enerally reported in better condition pletion’ of the one is expected|the heavy hauling of materials, The Capitol Peto usu 01 03! Gosden . . 6.00] than it hes been for many months. * ‘within ten days, drilling having been | wells are shallow in that field, being Columbine ....00..06 5 35 38) ik Basin . . 8.12] “But it is noted that preparations resumed this morning. Storage:tanks! only 750 feet to the pay sand and Consclidated Royall - 1.18 1.23) Oxmulgee . . .50 | for the spring trade have been delayed haye already been erected to take cate/ only about 1,400 feet to the Embar) Casper Ranger c....... 01 03) Anen .. 1.00 1.25} by a large proportion of wholesalers ‘of production. sand. +10] Cities ‘Service Com... 289.00 241.00] ana retailers." On section 22 the Midwest company -08)So. Indiana ......... 68.50 69,00| Reviewing the, financial situation { already has completed one 500-batrel John Hay Gets Leases, Bry NEW YORK STOCKS the report said: } ‘well, indicating similar success for the President. Wilson has a .88/ Mexican Petroleum ..$166.50 $156.25] “The demand for money is quite ‘Wyokans syndicate, and on eection fi ential} ok: tha: ke eed t 2.90 (Sineldir Oil .......... 23,87 23.00 | heavy and there are reasons to believe "18a hole was drilled down 1,1(0 or Le heery ei dkction ato 7H ht poath. wiese 42) ‘Texas Oil a = 41.62 41.75 | that it will become heavier as the 1,200 ) feet tn 1810 whist js now atau. | Ter pina i? bation bas f0 “ar Ge Great Western Petroteutn 97|Pan Arccrican Pete.. 7400 78.75 | Season edvances. Vast amounts are si ae i anneee now. aatve| West half of the northwest quarter Hutton Lake 05/0. S. Steel. . $1.12 needed to meet the March 1 land set- way the Wyokans is moving timbers! section 28 to section 22 for be- ‘winning operations on its new hold. ing there. The company already has production in section 28, West Salt Of section 17-39-78 in the Salt Creek field, to the Hay Oil syndicate of which John Hay, Laramie, Cheyenne and Rock Springs banker, is head. Operating contracts on these leases | have been made with the Frants cor- Jupiter . | Mike Henry . Kinney Union Pacific tlements in this agricultural district. On top of this requirement other vast Amounts are needed for the proper functioning of trade and industry; ‘wherefore rates continue firm and practically unchanged.” to last. The close was firm, at the|@6.50; calves, $10@12.50; stockers tie Marine preferred and United Fruit same as yesterday's finish to 1% cents/and feeders, $5.30@7.50. lost 1%. Vanadium Steel fell 2% ani higher, with Starch $1.66% and May| Hogs—Receipts, 3,400; market 10¢ Gruoiblo 1. Fairly heavy selling of $1.57% to & to 15¢ higher; top, $9.55; bulk, $8.55@|ratis forced Northern Pacific and Nor- Gorn paralleled the action of wheat.| 9.45. \folk & Western down 2 points, St. Continued call from thé seaboard was Sheep — Receipts, 3,700; market pai) losing 1% and Lehigh Valley 2. noted. After opening unchanged to|steady; 25¢ higher; lambs, $8.75@ | Gtherg reactionary issues ineluded %e higher, including May 68%o to]9.75; ewes | BEES OE. TE. |General Electric, Loose-Wiles, Strom- pecen drain iio lrean 690, the market hardened further, ahd \berg Carburetor, Cluett Peobady, Muy poration, which has two wells: on/|*fountain & Guit . aris significant that durmg the} to oe the second “Wail creek wand, | New Werk Oil .. Yast two months when the majority the Gates Ol company, Gigantic oti | Northwest . encnm 88 338/85... . Sy eee Perot syndicate, Lane Oil syndicate, Woest.| Outwest 0108 list ds ‘at $2.10 and stock changed hands at| rn States Ol and Land company and cid phone Og : this figure within the leet 24 houre |ON® or two individuals. All these are O7\1st 4%s ‘The company is capitalized at $600,-108 ® 50-60 basis. repiane. Ase 000 and the $340,000 outstanding is eseueret als 4 © sadoadty, ell: targely..ty docaly inter. “OI” Tax Is Proposed. 054th 4%s re ests. The company will be four years| Anticipating that before the legisia- 2.05 Vivtory 4%@ .... old in June and conservative and ef- ficient managemeat promises to bring it into the front rank of Wyoming ture meets again in two years Utah may be & big ofl developing state. Representative Thorne has introduced wYoMrNG CRUDE OIL MARKIE: Grass Creek nnn ne nnn $15 Rock Creek Torchlight sscsnseswu se——-----_ 1.75} Salt Kan. woenees. worsorations. a bill in the lower house calling -for|icik Basin ————....-—------- 1.76 | Big erage REET AMAA F —_—_—_— owners and I¢sses of oil wells to pay bane enn eteerionnens 1.73} Pilot Butte —_- 5 Natural Gas for Powell an occupation: tax equivalent to oné| Lance Creek ——_--.____- 1.70] Hamilton Dome : Sinée the trouble over the manufac.|2?4 @ half per cent of the value of| Lander a -a.s-asessuua_--. .66|Mulo Creek 98 the ofl produced. pebeiosatabas ean NOTICE OF ASSESSMENT TO ALL PERSONS LIABLE FOR ASSESSMENT: IN SANITAR SEWER DISTRICT NO. 2-A. Notice is hereby naar that 5 fend Pereeieg fs roll for ture of lamp black in Wyoming the citizens of Powell are looking with longing eyes on the gas territory of the Midland Carbon company that is situated about eight miles from Pow- ‘The Powell Tribune says: ‘phe Midland Carbon company pos- esses some 1,200 acres of extra good » BOTH BUSINESS AND FINANCIAL Sbout ent miles. . We fave It on the Pend da ce Pets ys Be d and direct thority that one of hh 4 tre uses Of this gas that they are|/to the undersigned City Measarey strongly’ considering is piping it to|for collection. (By trade conditions in the district the “The report predicted that February bank clearings for the district would fall below the January total, which Was the smallest of record for any month since April, 1910. This was taken as an indication of a return to something near the normal volume of bank exchanges. BILLINGS JAILBREAKERS ARE CAUGHT IN SHERIDAN SHERIDAN, Wyo., March 1—J. L. Majors and H. H. Hartson, alleged holdups who broke jail at Billings by sawing the bars of their Cell, and Joe Miller, another who escaped at the same time, were captured here by Chief of Police W. 8S. McPheren while camping outside the city and were returned to Montana the same day. DAVIS CUP then reacted somewhat. Reports indicating that farm con: sumption of corn had been on a huge scale helped to strengthen prices lat: er. The close was firm % to % cent net higher with May "69% to 69%. Oats were governed by the course of other cereals, starting %e to \c higher, May 44%c to 45c and keep- ing within a narrow range. Provisions advanced owing chiefly to strength in the hog market. Closing Quotations CHICAGO, March 1—Close: Wheat —Marech $1.66%; May $1.67%. Corn—May 69%c; July 71%c. Qats—May 450; July 46%c. Pork—May $21.82. Lard—May $12,650; July $12.85, Ribs—May $11.90; July $12.22. Potatoes, CHICAGO, March 1. — Potatoes— Steady; receipts, 60 cars; northern white sacked, §1.20@1.25 ecwt.; bulk, $1.25@1.80; Minnesota “and arly Ohios sacked, $1.50 owt. Chicago Provisions. CHICAGO, March 1.—Butter—High er; creamery extras, 63¢; standards, Metals. | NEW YORK, March 1.—Copper—| Basler; electrolytic spot and first quarter, 12% @12%¢; second quarter, | 13@13%e. Iron—Nominall unchanged. Antimony—Spot $5.20@85.25. Lead—Ssteady; spot $4. ‘Tin—Hasy; spot and nearby, $30; fu- tures, §30.50@31. Zino—Steady; East St. Louis spot, $4.75 @ 4.87 Silver NEW YORK, March 1.—Rar silver, domestic 09%c; foreign 55%c. Mexican doilars 42}%4c. British Exchange LONDON, March 1,— Bar silver 22% per ounce. Money 6% per cent. Discount rates short bills T per cent} three montis bills 6 13-16 per cent. ————— Have you something to sell? Try a Tribune Want Ad. Department Stores and International Paper. American Woolen strengthen- ed on declaration of the regular divid- end. Call money opened at the usual rate of seven per cent. Money and Exchange. NEW YORK, March 1.—Prime mer- cantile paper, 74%4@7% per cent. Bxehange firm; sterling, demand $3.88%; cables $3.89%. Francs, demand 7.20, cables 7.22 Belgian franes, demand 1.51, cables 7.83. Guilders, demand 34.20, cables 34.80. Lire, demand 3.65, cables 8.67. Marks, demand 1.62, cables 1.68, Greece, demand 7.45. Argentine, demand 35. Brazilian, demand 16.62. Montreal 12% per cent discount. ‘Time loans steady; 60 days, 00 days and six months 64%4@7 per cent. Gall money steady; high 7, low 7, fuling rate?, Closing bid 6, offered at %, last loan 913 914 Associated Press) EANSAS CITY, Mo, Mar. 1.—A slow but gradual improvement tn busi- Ml for a market. The Midland Carbon people are friendly disposed “The owners of any lots, tract. or! are Is of ie a other prope’ report said: ee ce eee oe yr property. charged wil Site. Eggs—Lower; receipts, 22,778 cases; PHONES CHALLENGE y , “Prices of farm products and live bdo A Seat veces bid 4 Ady hs we recente Ferd re: Sa nee eae financial Sar acid eae stock have renched lower levels than dase oust. at mark, cases in- ment of the carbon companys inter-| tion of the liability for the co: of | February wee noted inthe monthly) ve prevailed at any other time in RECEIVED |°:.: Alive, higher; fowls, Sic; ests in their fight for existence at the|such improvement by paying ithe | report of the Federal Réserve Bank | {Ur oF five Years, but recent reports springs, 320. 4 oa an 0) e Focent session of the legislature. Thoy entire assessment, of nny a ‘Kansas City made public today. | fre show era i beer nite : SaEEanneee Tito proposition to sige the poeta] tracts Or ror pateels rari without) |? Progtess in feadjustnent of prices|the supply of animals is up to, nor-| NEW YORK, Maroh }.—A Davis| The operotor’s representative com: | le Dropesition to pipe the gas to| tracts or parc ht the 8nd the steady evidence of credit de-;mal market requirements. Favored by |CUP*challenge fromthe Philippine Is-| mittee of the local telephone company ( a Sw 1 Co Powell at ite, time, and we ballans | ere ulisetion cretice ene On fation have given a more cheerfullan unusually long stretci? of mila|!ands Amatour Athletic federation, the |™met at 5 o'clock last evening. Bub- sper pp 4 “d the Chamber of Commerce should fol- or ght Serovar BS ‘day. 6 ‘A. aspect to: the ettation has been| winter weather, farmers have beon|C°Veiping kody pf tennis in tho is.) Jects pertaining to the work of oper-| low up this prospect with intense ear- past, the|going ahead with their preparatl landsy bas been peelvea im ths the; United | ators were discussed in an effort to for producing’ more big . 1921, the vey say baa nestness, A eet a orca ak eager crope th a8 a capital opportunity of ‘securing: cies redeem the liabilities| — «. the ion has im.| ¥e@T, 28 well as building up and im- the use of natural gas in: Powell.” for the unpaid sipsent of said a ae creat 0 ton _weeks, | Proving, live stocle. on. the .tarms fifa | . . Mooreroft Well Shut Down © | SeSsment at-any time after-said 30° loans have not gone far | "ses. The mystery wall drilling north of | 47s by poyi paying the entire install- enough to materially ease the money| “A series of sensational declines in Moorcroft and which was shut down | ™ent 0 agains any unpaid market,” said the statement in com-|the past thirty days has brought and caused considerable’ excitement | 224 aa dates fig tract menting on the “evidently sustained|crude oll prices to about one half 4m that region last week te a mystery | Such Ps (lee aia per of | whittling down of bank loans.” what they were at the beginning of, no more the whole matter arose from ant, wil interes Tou ‘on the basic business and the year and for some monthe previ- in ar tl] it wes ced today. This is =the sixth . be-reecived. SHERIDAN, Wyo., March 1—The Sheridan Y. W. C. A. about June 1 Will open a cafeteria in the annex of the Western hotel, within two, blocks rom the social and recreational e date of maturity of the! fant inetalimnene falling gue, and As | entire ten equal installments interest upon the whole sum un- paid at the rate of six per cent per annum, payable at the same ie ar oa Fnetallments are payable. L Peery at shall be made to then City Treas the shutting down of the well because | ja, some of the tools that were ‘ordered failed to fit the stem used and thus the work was suspended. contractor on the well wished to make sure that the directors of the company were apprised of the situa- tion and therefore he asked them to come to the well and because of this the field does not mean that the wells are falling off any for in fact ‘the production could be increased should the operators care to do so, but sev- eral minor causes acted to cut down S12 the field production for a small amount and these minor accidents to R. W. Marshall, who is in charge of the stock room for Park Roads machinery and other like troubles caused the apparent ‘falling off in the! Sales’ and Service, is recovering from field production. the effects of having his tonsils re- ‘The two most important wells now,| moved. drilling in the Cat Creek field are ‘the Frantz No. 6 on Section 14-18-29 which, is making @ 12 inch hole about 600) feet and the Fifty Six Petroleum Co: on Section 11-15-29 which is drilline ™, nbout 1,000 feet in the ten inch hole. Sage Creek Test Jk Test Financed. Washakie Syndicate officers an- nounce that they have sufficient capi- tal on hand to commence drilling on their largo acreage in the Sage Creek Meld on the diminished Indian re- Regular meeting Wednesday, March 2. Initiation and election of officers. ‘THOS, LONGHURST. Clerk. A BE as close effort ake them. pateees OE ae CATARRHAL DEAFNESS AND HEAD NOISES TREAT AND RELIEVE AT HOME e If you have oatarrh, catarrhal deaf- ~\ mess or head noises caused by ca- \ tarrh, or if phlegm drops in your eed: has caused catarrh of the ) TELLS SAFE, SIMPLE, Aue | Omaha's hospitality. leaves a lasting impression on a visitor, CASPER, WYO. 131 East Fifth int (Double Strength). and add to it % pint of ter and @ little granulated su- until Ajsaolved. Take one day's treatment. Breath- ld become easy, while the ie head noises, headaches, , cloudy thinking, one should iy disappear unfer the tonic of the treatment. ‘Loss of |, taste; defective hearing and @ dropping in the back of the ‘throat are. other symptoms > which suggest the presence of charrenasia Petroletim Geologist 4 Reports and Surveys WINNETT, MONT. Bo notice is given Gaaeeee gathering of the officials the rumor|the ordinances of the City of Sie went out that the hole had found o!l!per and the Statutes of Wyo- and that the men in charge were mak-| ming. ing a mystery of it. * In witness whereof, I have here- unto set my hand at C: Wyo- Cat Creek Run Falls Off ming, this 23d day of Pebcusry, Ac The Cat Creek field has been mak-|/D. 1921, ing about 23,000 barrels a day tor J. 8. VAN DOREN, the past week, a slight fall from the City Treasurer, previous week which was in excess of] Publish Feb. 23 to Mar. 5, inclusive, 24,000 barrels of oil that was sent] 1921.) through the line to Winnett. Sean ere MOTOR ECAR ‘This small reduction in. the runs of) Ww. 0. W. ‘ : Dodge Brothers constant aim is to surround each and every operation that enters into the construction of the car with safeguards which , will compel those operations to be perfection as human Coliseum Motor Company Phone 724 attain higher efficiency. 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