Casper Daily Tribune Newspaper, March 2, 1921, Page 7

WLONESDAY, MARCH Che Casper Daily Cribune ~ - “NEW PRODUCTION FALLS OFF BUT: WORK INCREASES IN OIL FIELDS Operators Preparing for Active Spring Season in Wyoming as Shown by Gain of 24 Rigs Over Number up at the End of January Twenty-seven wells with an aggregate production of 2,600 barrels a day. six dry and two gassers, were completed in the Wyoming fields during the month of February, which showed a decrease of nine in number of new wells and a slump of 1,238 barrels in new production as compared with the completions of the first month of the year. New work, however, shows a» marked increase with the approach of spring, 416 wells now drilling as corfipared with 409 a month ago and 216 rigs standing against 199 at the end of January. New. gas. production for the month just, closed aggregates 50,500,000 cubic-feet daily from wells in the Grass Creek and Big Horn, Basin fields, ". “2, Montana reported seven’ completions for the month, six of them in the Cat Creek field, with’a total-production of 1,672 barrels and a seventh good for 200 barrels. by the Western States cotupany in proving up a new field. A total of 38 riggs ts reported from Montana with 32 of them drilling. The summary of completions and new work for the Wyoming fields, as compiled by the Oil City Derrick’s correspondent, follows: GENERAL SUMMARY. . Comp. Prod. Dry Gas. Rigs Drs. Total us 0. 0 CPi ea; Seema 5) 1430. 0 0 103 59 162 oe 8 UW, 25 B40 he ® 88787 Big Horn Basin-.---~-— Ee 3 Nie 8 31 39 Lost Soldier and Carbon Co, aed 400 1 «O 18) - 457) 68 Rock River and Medicine Bow---_ 1 490 0 21 545 Freniont County isons: 0 o 0 0 WP cat. £8 Mule:Creek - ° 0.0 0 4 18 a2 Osage 2 7% 0 0 By aati 97. hee Lei 0 0 o 0 9 18 27 incoIn County ) o © 0 3 1 20 R.Bcellaneous -.. ) OS ONO: 7 42 59 Total ERE » See TT CEN Bae | 216° 416 © 632 New gas production, 50,500,000 feet. f COMPARISON TABLE. Comp. Prod. Dry Gas Rigs Drg. Total February . T2600 6 2 16 416 a January 6 8S 42 199 409 G08 Difference 9 ° 17 7 24 Rigs Dre. Total Cat Greek —. 4 19°23 Miscellaneous 45013 16. 2 38 Today’: Markets by Wire Furnished by Taylor & Ground Floor Oil Exchange Bidg., Phones 203-204- | LOCAL OIL STOCKS Wiva River Refining ---- 01.92, Amalgamated Royalty ...$ 10 §:12|Wyo-Kans . “ - 2:10 2.20) ss Seertee hs aa oy | WyoTex . - seecewey 02 05 : “| Wester n Oil Fields 28. .30| Atos ote O38 ye Oil os aa te? een Big, Indian +) §5 40; NEW YORK CURB CLOSING Bessemer. ~ al ~ 30 yndwest Refg. .......$139.50 $140.50 Blackstone Salt Creck -_- 88 .92| ntidwest ‘Com. ....,., 1.00 ' 1.50) Boston-Wyoming . “88. .95| Midwest Pref. . 1.00 3.00 Buck Creek . 2 +26) Merritt... 12.25 12.50 Burke 16" Glenrock. Oi 1.87 2.00 Black Tail . . 4 Salt. Creek .. 25.00 30.00 Capitol Pete . OU Western States 25 37 Chappelle . 2. : Prod, & Refrs, . 4.75 4.87 Capitol Pete . ‘ Cosden ... 5.75 6.00 Columbine ... 38! Elk Basin . 8.50 8.62 Consolidated Ro: ‘ Okmulgee 125 37 Casper Kanger — 1 Alien... 2, 1.00 1.26, Cow Gulch - 08}. Cities Service 6.00 238.00 Domino So, Indiana... 68.50 0 E. T. Williams. NEW_Y! Elkhorn . Mexican Petroleum ..3155.50 $157.37 Frantz . . Sinclair ‘OW . 23,25 Gates . Texas il. 41.50 Great ¥ Pan Aanerican + 74.50 Hutton Lake 203% U.S. Steel 81.87 Jupiter + 03} Union Pacific R: FR... 119.75 120.62 Kinney 4 Tage 88 FOREIGN EXCHANGE Lance Creek Royalty..... .08) 10! Sterling . g + $3.88 % Lusk Royalty -.. 07) 09} Francs 0714 Lusk Petroleum 03 04 Marks . 0159 Mike Henry . .. wee 08 | .09[Lire . . += 0366 Mountain & Gulf . A +97 | Cali Money 6 per cent New York Oil 25,00 LIBERTY BONDS . Northwest -. Bi 3tes. . ° 391,02 Outwest ist 4s . Picardy ~~ 09}2nd 4s... Riverton Refg, OT] 1st 4s 21)2nd 4%5 . .07| 8rd 4% 05 14th 4\s Western Exploration 2.00 Victory 4%s ,.. WYOMING CRUDE OL. MARKED: Grass Creek Torchlight -. Elk Basin 1.75) Big Muddy Greybull — 1.75] Pilot Butte Lance Creek 1.70] Hamilton Dome Lander cake 65] Mule Creek - MINING CLAIM MUST BE MARKED OUT ON GROUND TO BE VALID WASHINGTON, March 2—A min- of the court's opinion showed that BUYING REVIVED, |turns in the price of wheat resulted PAGE SEVEN Livestock Mart | | CHICAGO, March 2.—4U. 8. Bureau| of Markets,}—Cattle—Receipts, 8,000;) | killing classes dull, early sales about | ‘i steady; top beef steers $10.75; bulk, | $8.50@19.25; bulk butcher cows and| sj heifers, $6.00@7.25; bulls mostly $5.50/ @6.25; medium calves largely $11.50| | |@12 Marked Improvement Feat-| iors ‘receipes, “19,000, active, 10 tures Opening Hours of to 25 cents higher than yesterday's Trading in Chicago |average: butchers up most; top, $11.00;| bulk 200 pounds down, $10:70@10.90:| bulk, 220 pounds up, $10.00@10.50;| pigs strong to 15 cents higher; bulk desirable, 80 to 120 pound pigs, $10.00 @10.50. Sheep—Receipts, 22,000; early sales, handyweight lambs, 25 cents lower: bidding on others indicates greater! decline; early top, $10.65; bulk fat) lambs, $9.75@10.50; no early sales sheep or yearlings; talking lower. CHICAGO, March 2.--Decided up: today from general buying based |. largely on talk of strained European Political conditions. Besides, country offerings were light. Bulls, contended that European demand was likely to bring about higher prices regardless of whether or not there was crop damage in the United States. Opening quotations which ranged from % to 2% ‘cents higher with March $1.69. to $1.69% and May §1.58% to $1.59%4 were followed by something of a re- action and then by a rise higher than before. Sales of wheat to come to Chicagé from Kansas City tended subsequent- ly to ease the market somewhat. Price’: closed unsettled, 1 to 1% cent DENVER, Colo., March 2. —Cattic, | receipts 700; market strong to 25 cents | higher; beef steers $7.25@9.15; cows and heifers $5.50@7.10; calves $10.00 12.50 stockers and feeders $6.00@7.50, Hogs—Receipts 1,100; market 25 to 40 cents higher; top $10.00; bulk $9.25 @9.85. Sheep—Réceipts 6,200; market 25 to 40 cents lower; lambs $8.75@9. 753) net higher, with March $1.67% to|©Wes $9.00@5.76. $1.68 apd May $1.59% to $1.59%. nr pa | Corn sympathized with the acti i Past Casing. | of, wheat. After opening % to Ts “ %e the market sagged a little but A . | Jater. scored fresh gAins. down by the Centennial Valley Oil company, are at work now, and are} successfully drilling past nine joints of casing which became wedged in the hole. A long string of casing was dropped and jammed, but a large por- tion was removed, the only trouble being with the nine joints now left. sash a ala "Top prices failed to hold. The finish was steady % to 1 cent net higher with May 70%c to 70%c. Oats were strong as a, result of th> bulge’ in other cereals starting % ‘o %@% cent higher, May 45% to 453%¢ and hardening still more. Tribune Want Ads Bring Results. Closing Quotations STOCKS SLUMP stockers and feeders steady.|Qils Among Specialties Sub-| jected to Strong Selling Pressure Today NEW YORK, March 2 reactions and rallies attended today professional stock market operati but representatives issues displa comparative firmness. Sales approx mated 475,000 shares. The closing was steady. 8, “NEW YORK, March 2.— Technical conditions were unchanged at the sluggish opening of today’s stock |market. Oils and the less prominent] industrials and specialties were sub- jected to further selling pressure. Gen- eral Asphalt, which featured the reas tion of the previous session, soon re-| corded an additional loss of 2 point« Atlantic Gulf, another bear objective fell 1% and Lorillard Tobacco for- feited a substantial part of its recent spectacular rise. The entire list p-. came more unsettled within the first |balf hour, when extensive offerings of Pennsylvania shares caused a fur- ther decline of 1% points and provo! ed fresh lquidation among other in-| vestment rails. In the broader reversal of the first hour on today’s stock market, ship- pings, oils, stecis, equipments and coppers were again most vulnerable. American International and Uniteit Fruit fell 1 to 1% and General Asphal: | jpreferred dropped to 85 compared with the previous sale of 106%, sun- CHICAGO, March 2.—-Close: Wheat}, %; May $1.59% Lard—May $12. Ribs—May $11 ; July $12.7 July $12.22. CHICAGO PROVISIONS CHICAGO, March —Butter—Firm; creamery extras, 53c; standards 51}4c. Eggs—Lower; receipts 22,649 cases; firsts, 321%4@33c; at mark, cases, in- eluded, 3174@3zc. Poultry—Alive, unchanged. The Nieae Largest Market in the State—Wholesale & Retail —Successive | | sequently rallying five points. Cris |cible, Varadium and Pressed «Steel | Car lost 1 to. 1% as well as Utah Cop- rs, ‘trend. A vigorous rebound in Atlantic |Guif common and preferred. and ex- |tensive covering in the oils, noon, Exchange on London con- tinued to ease, Money and Exchange | NEW YORK, March 2.—Prime mer lcantile paper 74%@7% per cent. | Exchange heavy stefling, demand ‘ $3.87%. | ‘Time loans steady 60 dgys, 90 days, six months 6% @7 per cemt. Metals NEW YORK, March 2. per— } Easier, electrolytic spot and first jquarter 12% to 12%c; second quarter | 12% @13%c. | Lead—Steady, spot $4.00. | Zine—Steady; east St. Louis sper |$4.75@4. eens Ear for Music. “Bobby, I see your music teach- er coming. Have you washed your face and hands?” “Yes'm’.”” “And your ears?” ‘Well, ma, I washed the one that will be next to her.”—oston Tran- script. pen “I am always moved by the sound of musi,” said young Phathead as the clock struck eleven. “Let me play something for you,” said Miss Upls.te, with sudden eager- ness.—Jack Canuck, Toronto, Can- ada. EAMETS ESS EO CHARLES J. STONE | Petroleum Geologist | Reports and Surveys | WINNETT, MON'T. CS ‘ae impart- + ed a measure of steadiness to the list 5 ? before AND. FEL NEN > ing claim “must be distinctly mark- ed on the ground so that its boun- daries may be readily traced,” the Supreme Court held in decidime in favor of tho Silver King Coalition Mines company, \the 12-year fight waged by the Conkling Mining com- the right of the Conkling company to # body -of ore lying under ‘its diaim, but wtihin the Hmits of an adjoining patent, was denied al- though it was erroncously — inier- AGITATORS IN MEXICO BEING, day as being im favor of that com- Has taken Delivery to All Parts of the City. over The Sandison Market Co. Phone 12. OIL PRODUGTS DEMAND GROWING The dem ‘or. zasoline and other oils’'is becoming better and.in the Mid-Cor itinent oil fields the prorating of runs from the fields has iD} and the pipe line ¢ompanies are now taking all the oi taka red, It seems that the slowing up af the trade there was.only momentary and did-not:cause} tse Congestion that was feared in the storage tank farms of that region. think of the present sttuation. It is evi- r : hdent from te Empire's stand that In\ the east the trade is looking up preted when first delivered yester- | pany. A review today of the text | EW OIL COMPANY 15 LAUNCHED IN GASPER | : ._ | In Murder Case s=-COHEYENNE, Wyo., March? 2.—Ar-} ticles of incorporation haye heen filed| in the office of the Wyoming. secre- tary of state Monday by the: Dayton Ol corporition ‘of Casper, . ¢apital Pany’s contention. , \Carl Wanderer er was placed on trial for his life a | can, On Trial Again | CHICAGO, March 2.—Carl Wander-| SHADOWED | oa » | MEXICO CITY, March 2.—Mexi- German and Russian agitators, | who have been conspicuous’ in pvery public. Ggmonstration held recently in this city, are under closdst surveill- ance and will be dealt with as-no- litical intriguers, said A statement is- sued last night by Rafael Zubaran i secretary “of comme: per cent during the Plate Boiling Beef Be { hrow of the government and BEEF CUTS past six months. These prices prevail until further notice: Weare glad to advis« our customers of lower prices on Fresh Meats. This market has reduced the prices on Fresh Meats more than 40 It will pay you to notice our large Display Window every day. VEAL CUTS 2 Shoulder Roast_18 to 20c | and’ the Wall’ Street’Journal says: “With. several ofthe large oil com- panies now running all of the oll from. wells connected .with their fines, pil men regard the'\decline! in crude) [il' Drices is completed. It is the usual Procedure to regard crude oil prices at the bottom when cuts in crude ci! runs ate replaced by running all the oi. Réductions in’ ¢rude in other fields, recently, have been in. the way of plac- ing these prices in'line with the Mid- Continent rate, There has been: no re- duction in Mid-Cintinent crtide since February 9 when the price was’ put at $1.75 9 barrel. “At present the Prairie Oil & Gas company is running all the ofl offersd from old connections and is taking on some new wells. Magnolia Petroleum has also removed its pro-rating order which. was in effect since the middl> of December, by which it purchased 50 per cent of former runs and stor- ed the other half for account of pro- ducers. Gulf Oil ompany is also re- ported to have lfted its pro-rating order. “Oil men regard this as a favorable time for the purchase of oil proper- ties. Thé big organizations will un- doubtedly avail themselves. of present conditions to acquire producing acre- age. This can be done, in many cases at attractive figures because many producers are experiencing the ne>- essity of selling some of their hold- ings. to raise money.” ‘The Empire Oll and Gas company has set aside the great sum of $10,009,- 000 that that firm had in its treasury for the purchase'and storage of crude oil from the Mid-Continent oil fields and this shows what the larger firms Geologists Oil Expe-ts Oil Field Maps Blue Prints Explorations Reports Wyoming Map & Blue ° Print Co, P. O. Box 325 Rm. 10, Lyric KEYS Locks and Gun Repairs at the Old Reliable - |. Shogren’s Gallery ~ AND KEY SHOP’ * 138 North Center FOR RENT Eight Suites Office Rooms Continental Bidg. Oil Companies Only Apply Office crude is certain to be worth more lat- jer on‘than its now and’ other items as leases and production likewise. Summing up the whole situation it would appear that. the oil operators. of the northwest seem to have reacn- @d the right conclusion when they have quietly sat down and waited for the storm to blow over. . Newcastle Wildcat Projecied A-new attempt to reach the oil! sands immediately south’ of Newcast.c. Wyo., will be made by Nebraska in-! terests who have made arrangements for erecting a rig on section 9-44-61. Prospecting in this district was dis. couraged in large part by the failure of the E. T. Williams company to find ofl on the Martin lease. Nebraska men interested in the new wildcat arc B; H. Knowland, J. A. Brunt, William McKeever, Jacob Miller and associates of Fairbury and Sutherland. gecesi ooe Li WwW. 0. W. | Regular meeting Wednesday, March | 2. Initiation and election of officers. THOS, LONGHORST. Clerk. A. J, BELS, C. c. B-L.2t stock $1,000.00, nar value of stock $1 per share, directors Frank-Frantz, F G. ‘Taylor, ‘E. F. Staley_and A. R. Lasley. | Articles: of incorporation also were ‘flied by. the following: The Christian Church of Casper, no capital stock, directors, John M. Eng- land, C. D, Murane and A. H. Che- shire. d Gilbert Bros. Ranch, Inc., of Doug- las, capital stock $25,000, par value of stock, “$100 per share, directors Maurice B. Gilbert, Clarence B. Gil bert and Horace A. Gilbert. The Oil Center Bakery of Casper filed certification of change of its cor- porate name to the Wyoming Baking company, The Mt. Laramie Oil company filed certification of dissolution. oo CARUSO RESTS WELL. NEW YORK, March 2.—Enrico Ca- ruso, tenor, who underwent a third operation yesterday for a small ab- scess in the pleural cavity, was re- ported to be resting comfortably this morning. He slept well during the night. when you are You will of 4% as much as a the interest yo Count on Two Paymasters the Savings Department of the Casper National Bank. an.income from your regular work, but added to this there will be interest at the rate of per annum which the bank pays on funds deposit- ed in Savings Accounts. — Bear in mind that a dollar . earned in this way buys just by your daily work. Get all “Thirty-one years of service —may we serve you?” a depositor in course receive dollar earned ju can, Randolph, R. K. Second time yesterday. Wanderer is| establishment of a soviet regime was ¢harged with the murder of John Doe,| apparently the object of radical lead- otherwise known as the “ragged|ers, the secretary declared. tranger” whom he hired to stage a| American agitators have been ex- fake hold-up when Wanderer killed| ceedingly active during the past few his wife for whose murder he already | months. has beeh convicted and sentenced to|, Members of the American colony serve 25 years in prison. |‘nere have become much incensed over ine ca the boldness of the radicals. It is | No Such Lack. declared they contemplate not. only 1 Young Woman (entering music | aggrasion against Mexico but also the store—‘‘Have you ‘Kissed Me in the | United States and have approached | Moonlight!" Mexican. officials with a view to ar- + Clerk—"I don't think so; I'm new | ranging for their deportation across here. Maybet it was the other | the frontier. The American legation man."—Fort William Times-Journal | here has been considering the feasi- (Canada). ! bility of taking energetic action. Service Grocery and Market 933 South Poplar. * Tenth and Poplar Look these over. Every item here will save you money. These are our regular prices and are in effect until there is a mar- ket change. Strictly Fresh Eggs, per doz.___ Gallon Can Catsup, Eagle brand, can Gallon Jar Mustard, per jar________--- Large pkg. Quaker Oats, each___-___- Cream of Wheat, per pkg. | | | | | gt Tan Shinola Shoe Polish, per can_ Washing Soda, per pkg..--__-____ No. 5 White Karo Syrup, per can______ 12 Ibs. Fancy Red Potatoes______-__ Fancy Winesap Apples, per Ib._____ Good Cooking Apples, per Ib._____ Large Naval Oranges, per doz.____ Faney Parlor Broom, reg. $1.25, for_ $1.00 Head Lettuce, Sweet Potatoes, Spanish Onions and All Kinds of Fresh Vegetables and Fruits LET US HAVE YOUR ORDERS Phone 1299 Phone 1290 Shredded Wheat, per pkg._----_ iy | No Vary Delicious Coffee, per lb. = Northwest Blend Coffee, per Ib.______- He Baker’s Chocolate, per Ib.__--_-------- a Lipton’s Instant Cocoa, per pkg. we No. 2can Nu Home Corn, 3 cans____ g& No. 2.can No Vary Tomatoes, 3 cans_ 2S = No. 214 can No Vary Tomatoes, can_-__19¢ 57 No..24 can Del Monte Pineapple, can__48c ee No. 2!4:can No Vary Apricots, per can_43c & ae Dunham’s Cocoanut, 14 Ib. 15¢; 14 1b.___30e Ss = Minute Tapioca, per pkg.-__________17%4e a wR Jersey Cream Pancake Flour, 4 Ib. bag_40c ff = S » Dr.Price’s Baking Powder, 12-0z.can__24e J}o A Durkee’s Salad Dressing, med. size___.38c ¥ig @ Sm. Pkg.‘Sea Foam Washing Powder_7i4c 0 Pike’s Peak Bo Shoulder Steak Short Cuts, Ib._ Hamburger, lb. Domestic Cheese. tables. 4 JopNysUy avis jaumoll Shoulder Boil, 1b Shoulder Pot Roast, Ib.__16c Standing Rib Roast, 1b.__18¢ Rib Roast Rolled, lb Round Steak, 1b.__20 to 25c Loin Steak, ‘lb.__=_20 to 25c Breakfast Sausage, Ib.__20c Fresh Fish and Oysters Every Day. Game. A Complete Stock of Delicatessen Goods. TO NWT =: 1 BOA DURE ET ehh ides Staal Stew 220%. PORK CUTS Pork Chops ---25 to 30¢ Pork Shoulder Roast _-.-.-18 to 20¢ Pork Hams, half or il, Ib. » Ib._ Fresh Side __ Fresh Killed Poultry and Imported and Pickles and Kraut in Bulk. Fresh Fruit and Vege- We Have the Best the Market Affords 129 East Second Street Ladies Free