Casper Daily Tribune Newspaper, March 26, 1921, Page 9

SATURD. AY, MARCH 26, 1921 SIX MONTHS’ TIME ALLOWED FOR RETURN TO NORMAL CONDITIONS Readjustment Process Slow, but Eastern Men Find Encouragement in Program of the. Harding Administration, McMahon Declares Financial seas will continue turbulent for six months or more, or at least it will require that length of time for the! re-establishment of normal conditions in business’and indas-|="" try in the opinion of eastern fi brought back to C. attended the inauguration of Presi- dent Warren G. Harding on a recent trip. Conditions, while showing steady improvement, are still far from nor- mal and thy inloosening”’ process: in the financial world will require sev- eral months longer. Financiers and business men pro- pose to await the outcome of the spe- cial session of congress and prospect- ive tariff and revenue legislation be- Tere formulating opinions of the fu- ture but thé great majority are op- timistic. They were encouraged, it is said, by the declaration of President Harding in his inaugural address tit. ernment.” tions beré with cent OWED F inanciers, according to this week by L. F. “Casper as no hard tim Mr. McMahon, who contrasts condi- eastern industrial “We have fewer unemploy- ed and business is better here than any place in the country. feason why Casper should receive a tback of any kind from present de- pression.” WMRKET GOSSIP AND FIELD NEWS PIGARDY LANDS ARE TO BE DRILLED Froperty belonging to the Picardy Oil corporation on Section’ 3-39-79 in the Salt Creek field will be developed immediately, according to the terms of a contract which was completed Friday for its development under the direction of Harry Adams, of the firm of Adams & Langstaff, drilling operators, Details of the contract completed by officers of the Picardy company with Mr. Adams were not available be- cause Mr. Adams left for Salt Creek to make preparations for immediate development. The Picardy holdings embrace 80 acres and there is already a well drilled to the sand. This well will be cleaned out by the new holders of the property and brought to production. Another well will be started immedi- ately on the land. ~ t All further expense, except & minor broportion of the drilling expense, will be free to the Picardy company and the corporation will receive a large percentage of the oil developed on the property. Filter Plaut Completcad The Midwest Refining company has completed the filter department and this part of the great plant is no longer an experiment but is and has been ready to turn out filtered ofls for some time past. The company, enting in the mak- ing of bright stocks and many of the fine oils that are now produced in the filters are turned into the so-called “slop-tanks' where they are treated as refuse or cracking oils. From the experiments that have been conducted over a long period at the local refinery, the products of the lubrigating department of the Mid- west appear to contain qualities that are not to be had in the ofls of the central west. Users of the Midwest oils find that seems to have better lubricating qualities than oils from other regions: and thus the home products last longer than other oils of like grade. Some of the filtered stocks come out) a rich golden color that Inst exceed- ingly long in the ordinary automo- bile. So far the users of these oils seem to be trying to take the heavier grades because of the long periods that can be had before the car needs oil again, but especially at thistime of the year, it is recommended that the| autoists use a light grade of lubricant, | as it makes for easier starting on cold mornings. The thicker lubricants will do very well in the waxm summer months when the thinner grades would tend} well. ‘The pinnesg 5-inch®* hole’ how. ~~ » The Myrin firm is \also drilling 2 joint. well with thé ‘Midwest at Alka. iM Butte where there is now a shal- low production but this test is to see whether there is a si pool underlying the shi Joint test has cemented’ the casing at 1,690 feet, On the same section with this joint test, the Myrin has placed a pumping power and is pumping two of the shallow holes in order to ob- tain ofl for the deep well. eration of placed about 500 barrels of ofl in the fuel tanks at the deep well. to burn up quicker and need renewal oftener. ‘Two New Salt Creek Wells. Two new wells have been brought in in the Salt Creek field in the past few days, tho Midwest drilled in a well and the south end of the field has. another- good tion 17, a ‘The Midwest well is located on sec- tion 25-40-79 and is a good well for that part of the field. ‘The offorts of the companies to keep the production down is noticeable in the fewer com- pletions of late in the Sult Creek field. mies de Myrin Down 2,000 Feet. The Myrin.Oll Co, is drilling a deep test on the Muskrat dome about seven mifes South of Shoshoni, the work is Progressing niéely and. the: hole about the 2,000-foot level, This well is «bout :@:mile from the Minnesota Westorn well which is also Grilling on the, same. structure at about tho same depth asthe Myrin rpll “ta in. the, the shallow holes NOTICE The Bon Ton Cafe Open Night. and Day. Chop Suey and Noodles. a Specialty that it is added today. THE ATTORNEY FOR THE PEOPLE To protect your interests and the interests of everyone of us is the work of the Department of Justice. The far-reaching activities of this department are effectively described in one of the series of profusely illustrated booklets about Our Government now being distributed exclusively by this Institution. We are anxious that all who desire to know more about the work of the different govern- mental departments shall receive this series. ‘There is no charge and no obligation incurred In having us put your name on our nailing list. See Citizens National Bank Oil Exchange Building ord asper , . McMahon of Taylor & Clay, who visited the principal eastern cities and there should be “less government in business and more business in gov- If promires of the admin- istration are carried out with respect to tariff.and revznue laws the wheels of industry sheald be humming with- in six months’ time, they sa; I see no Producer: on sec- it Jarger ofl love oll. This This op- RALLY CHECKS GRAIN DECLINE mS High Price’ of Previous Session Passed on Report of Greek es | FURNISHED BY TAYLOR & CLAY Ground Floor Oil Exchange Bldg. Phones 203-204 » CHICAGO, March 26.—Some. scat- tered selling of “wheat at the start Oltoday was responsible for an easy opening, but a report that the Greek order for the grain had been placed 87 over the holiday brought forth a rally ‘which carried prices above the highest ‘37 point of the previous session: Trad- ing, however, was light. Opening quo- tations which were unchanged to % cent lower with March $1,.52% to $1.53 and May $1.41% to $1.41% were fol- lowed by moderate advances and then @ slight reaction. Later the market weakened be- cause: of the failure of outside sup- port to develop following the’ early covering by shorts and most of the advance was lost. The close was un- settled, % lower to %c higher, with March $1.53% and May $1.41% to $1.41%. Corn was easier with wheat, the trade being light and the market eas- ily affected.” After starting unchanged to % cent lower, with at 64c to 64 1-80; the market strengthened and recovered the early loss. CHICAGO, March 26.—Corn also suffered from lac of outside ‘sttpport and finished nervous, prices ranging from % to % @ % down with May 63% @63%o to 68%. Oats paralleled the action of other grains, starting unchanged to %! cent higher, with May 40%c to 40%o and then scoring a: slight further advance. Provisions were dull and easier with grains. Buck, Creek ... Boston-Wyoming . . Consolidated Royalty Columbine. . Mexican Petroleum Sinclair Oil ‘Texas Of] . Pan American Pete.. U.S, Steel ........2. Union Pacific R. R. . 117.12 FOREIGN EXCHANGE Sterling . oo += $3.91% $148.50 23.87 42.25 11.75 82:25. Jupiter . 117.12 Kinney . 0159 0399 Per cent Mike Henry . ...... Mountain & Guif -.. Northwest Outwest . Picardy... Riverton Refs. . Royalty & Prod. Tom Bell Royalty, Sunset . Western Ex; + 2.20 Wind River Refining ___ 101 87.48, 87.40 87.40 86.90 90.26 87.10 97.64 Gines Creek -—. $1.75) Rock Creek —---------—---_-$1. Torchlight --.. 1.75} Salt Creek Sams saRe Sasi Bl Basin 2 1.785 Big Muddy —.- 2-2. 2. 1.40 Pilot Butte —.. 1.40 Hamilton Dome 1.40 Be WY KANS WEL company. Pumps and all other facill- ties for handling the oil have been in- stalled. During the delay both holes on sec- tion 18 are being cemented to cut off 2 the wate rencountered in the first 1 . This will permit 4 Mule Creek 95 h Wall Creek levelop: One to’ Be leted: Fi f Week ‘and omg: Pending: f ment of the second sand without car- rying water in the hole. Before other Development Rushed The Wyo-Kans Ofi syndicate is ‘arrangements are complete the” é¢- planning a heavy development cam- ment will have set and it is probable that the wells will be completed’ the first of the week. paign on its Salt-Creek holdings this spring to bring the properties :to near the full production: mark.» ‘The com- Without waiting for the completion of these wells a rig has jeen set up pany has 560 acres awaiting develop- ig | Ment. on section 2240179 for the purpose of Two wells on section 18-40-78 are making the first test on 120 acres of land recently granted to the Wyo- Kans company under the terms ‘of the leasing bill. ‘This land is on’ the structure and the only question in- volved will be how large the produc- near the! vecond Wal} Greek sand in| on, , Tankage the same as on 18 hias the east end of the weld and comple- tion of these holes are being held up awaiting completion of tankage and pipeline facilities to handle the heavy flow expected.” Thess Kolés- are at 1,870 feet now and have less than 15 Creek. Closing Quotations CHICAGO, March 26.—Clos —March $1.53%: May $1.41%. Corn—May 63%c; July 67c. Oats—May 40%; July 41%. 5 Pork—-May. $11.57; July $11.42. Ribe—May $11.20; July $11.55. being connected with a four-inch pipe- line which was laid by the Midwest E Potatoes CHICAGO, March 26.—Potatoes— Receipts 27 cars; Northern White, sacked and bulk $1.00@1.10 cwt.; about five cents lower on sacked; Michigan round white sacked $1.15@ 1.207 Minnesota Red river Ohios sack- ed $1.50@1.55, Chicago’ Provisions CHICAGO, March 26.— Butter — higher; creamery extras 440; standard 41%0. Eges—Lower; reecipts 34,425 cases; firsts 22%4c; ordinary frists 19@20c; at mark, cases included 21@22c. Poultry—Alive, lower; fowls springs fou. 280; iseeer in. KASOMING MEN HERE. Ike West an@ Purchasing Agent H. A. Young of the Kasoming Of! company with headquarters in Chey- erty. enne were in Casper for @ few days In addition to these two properties|the latter part of the week. They the Wyo-Kans has 400 acres in West| visited the Kasoming leases in the Salt Creek on whic hthere are now six}Salt Creek field and examined the Producing wells. It is probable that|company’s development there. this land will aiso enter into the sum-| The two oil men left this morning mer development campaign. ’ for Rawlins ‘overland and travel by —_—_—_——S auto to the Lost Soldier field and) thence to the Union Pacific. already been provided on this prop- feet to go ‘to the -Wail A battery of 10 tanks of 260 barrels capacity, and one of 500 have been installed on the Seubert and are NOTICE Chinese belles in characteristic cos- [a Se In the same operation the® Inland well that camo in for a big gasser |! last year is now showing considerable oil and the crude is being sprayed has KEEP SMILING Dr. J. H. Jeffrey, Chiropractor, has been declared:a criminal 7,25. | Livestock Mart 4 CHICAGO, March ,26.—(U. 8. Bur- eau of Markets)—Cattle — Recéipts 500; top beef steers 25 to 50c lower; STOCK TRADING stock geenrally steady; spots lower;| Recessions Reported in Some Is- ‘canners, cutters and bulls sabouc Whi j i i steady; veal calves $1.50 to" $2.00 low,| - STS gre a Oil List er; stockers and feeder steers 26 to Hoge—Receipts 3,000; market n:|/| NEW YORK, March 26.— Today’s even, mostly steady with yesterdsy's|short session of the stock market was | average; closed weak on lights, oth-!attended by many confusing move-| ‘ 50c lower. ers about steady; top §11.10 ‘early;|ments, Gross recessions of 1 to 5| Practical top $11.00; bulk 200 pounds|points were made by Atiantic Gulf, down $10.60@11.00; bulk 220 pounds |General Asphalt, Mercantile Marine up $9.00@10.25; pigs strong, bulk|preferred, United Fruit, Hide & desirable 90 to 125 pound pigs $10.75 |Leather preferred, Central, Leather, @11.00. R American Smelting, Western Union, Sheep—Receipits 7,000; receipts to-/ Montgomery: Ward and Sears Roe. day practically all: direct to packers;|buck, the latter falling to the new compared. with week ago; fat sheep|low quotations of 66%. Houston Oil about 26¢ higher; fatvlambs and year-|enhanced Thursday's extensive gain lings mostly 60 to 75c: higher. }by some five points, Mexican Petrol- jour rose 2 points and other less con- spicious issues of thesame class, as DENVER, Colo.. March 26.—Cattle | wer as.motors and textiles were 1 to —Receipts 300; market nominal; beet |} see {3 points higher. The closing was ir. fetoers $7.50@8.76; cows and /heifers| over gales approximated. $50,000 | $5.25@7.50; bulk $3.50@4,75; stockers | The. Q find feeders’ $6.50@8.'50. : Hoge—Receipts 100; $9.85 bulk $9.25@9.85. Sheep— Receipts. 5,000; Lire, demand 3,98; ‘cables 4.00. Marks, demand 1.59; cables 1.60. Greece, demand 7.70, Argentine, demand 1.70. . Brazilian, demand 15.25. Montreal 11% per cent discount. Silver ver, domestic 98%; fdrelgn 57% o. Mexican dollars 44%¢. (By Associated Press)’ MEXICO CITY, March pertaining to petroleum deposits will of the Chamber pinoza, |sion, told ity to present arguments and |question would be taken Money and Exchange | President Obregon. NEW YORK, March 26. — Prime | steady to 26c higher; lambs |mercantile paper 7%@7% per cent. HOLIDAY ON EXCHANGE 9.50; ewes $5.00@5.50. Exchange—Steady; sterling, de-| NEW YORK, March 26. SENSO OS A mand $3.91%; cables $3.91%. Franes, demand 6.92; cables 6.94. STATE GEOLOGIST VISITS cITy.|= = strong; top market $7.75@ sugar exchanges here. : PAGE NINE Belgian francs, demand 1,23; cables Guilders, demand 34.85; cables 34.40. NEW YORK, March 26.—Bar Sil- OIL RULINGS ARE SET 26.—Hear- ]ings and conferences relative. to Ar- {ticle 27 of the Mexican constitution the nationalization of be begun Monday by the Petroleum Commission of Deputies. Luis @ member of the commis- newspaper correspondents |here yesterday that all persons inter- jested would be given ample opportun- the up. with Today is holiday on the cotton and coffee and State eGologist| George B. Morgan | [= was a business visitor in Casper the ||| if a situation had been handled more wisely, stir you to action. | If you have been depending entirely upon your own judgment in making decisions, change—and seek the advice of those best ualified to give it. : We give customers real co-operation in the management of their finances. Wyoming National Bank Casper, Wyoming clency in the office of the state geolo-| gist and his efforts to conserve the pe-| |} brought him much praise from the/ oil men in general. Surveyor Albert Parks is also from|]) that same university. The record of| out by the Missourt institution. } | be called for and delivered past week. Mr. Morgan is giving the||}) state of Wyoming 100 per cent effi-| L t th L f Wh t troleum operation on state lands for ||) the best interests of all concerned has, Mi hit H B M d Mr. Morgan is a graduate of the/|| . nh Missouri Scheol of Mines and County these two men in this state speaks} well for the class of graduates turned | i 5 * and your laundry will Pearl White|| Laundry Co.) UNITED STATES GOVERNMENT REPORTS SHOW CAT CREEK OIL TO BE HIGHEST GRADE PRODUCED IN UNITED STATES —Headline in The Democrat-News of March 16. under the laws of the sovereign state of Wyoming. ; KEEP SMILING We have been employing this criminal as the guardian of the health of ourselves and families. KEEP SMILING {Fhe Great Healer was Crucified between two thieves. KEEP SMILING Followers of CHIROPRACTIC are being CRUCIFIED TODAY. KEEP SMILING A. G. Jeffrey, Dr. B. G. E. Hahn, Dr. Evah M. Hauser, and Dr, Mildred Chea still at large are: Dr. Hahn, Dr. Harned KEEP. SMILING (This advertisement paid for by Followers of Chiropractic) hi fal rr nn tt UT Across the conti- The wonder field of the world comes into its own. nent they sing the praises of the famous! ,000-barrel field in Montana. And for reasons. The oil, as the government report says, is the highest grade of any yet produced. And the wells in this field have the highest average of any producing field in the country. In the heart of this great field stands 40 and 20 acres of the SECUR-. § ITY PETROLEUM SYNDICATE. We own 40 acres in the well- known Devils’ Basin north of Roundup structure where three wells are now producing. | So when you look to Montana think of Security. We named it that because we believed in it and because we know it stands for just what it says. ‘The scissors and the coupon work together. Use them. SPECIAL NOTICE’ WE ARE NOW offering Security Petroleum Syndicate units on easy terms. J The Security Petroleum Syndicate fs capitalized at $150,000. It is a common law trust. Fifteen hundred units at $100 each. For a limited time we offer these units on the easy terms of $25 down and $25 monthly until paid out. Reliable Agents Wanted Da-.—_> Trustees: Pee ee ed Security Petroleum Syndicate, 213 Main Street, Lewistown, Mont. P, O, Box 646. Reserve for me Units in the Security Petroleum Syndicate for which I enclose check (draft) in full or part payment for same. Charles Wiper, Cashier, Empire Bank F. J. Robinson A. M. Lundeen sevcccceconsecasesccoes en meee eh WES ART