Casper Daily Tribune Newspaper, April 5, 1921, Page 9

MONDAY, APRIL 4, 1921 Officiers of the company are H. 1, Freeman, president C;. J. Sperr, gen- eral manager; R. L. Ogden, Bryant 8. Cromer, Lucille Connaghan, Frank H. Harrison and Katherine Bob. The company starts businesy with a cap- ital stock of $500,000, divided into 49,- 950 shares of preferred with a par jueof $10 per share and 50,000 shares of common with a pay value of one mill. * It is proposed to construct a six- inch line which will touch the. Pilot Butte fleld to provide for possible fu- ture contracts from that territory. Its estimated cosy is $270,000. Completion of the line would assure the Riverton-Wyoming Refining com- pany ample production for capacity operations, contracts having been ned with the Sheridan-Wyoming froma, the Megown Oil company and the Maverick Springs Drilling company for their total production. The Sheridan-Wyoming has. several wells capped in the field. Production of the Anglo-United company in the Dallas field also has been contracted. ‘The Megown Oil company is com- pleting its first test in the Maverick Springs fleld and is erecting a rig on the northwest of section 27 to be drilled jointly with the Portland Oil syndicate. ". The. Portland syndicate is erecting another rig of the same quarter for a well. Wyokans to Double Capital. ‘Capitalization of the Wyokans Oil syndicate, a locat company which is compléting two new: wells in. the Salt Creek field, witi be increased from $500,000 to $1,000,000 if a proposal to be‘ voted upon ot a special meeting April 16 is approved. The :neeting , will be held at the company’s, heez-? quarters in’ the Townsend: building. Under the recapitalization the number of shares will be doubled and .thev will have the same par value of $1 vach. Oil Shortage on Coast. ‘Another ofl shortage on the Pacific oast is predicted during the summer months by the California Bureau of Beonomics. The “bureau says. “High cost of gasoline on the Pacific Coast is due to result of shortage of petroleum in California. Refiners are selling gasoline as fast as they can produce it daring the winter. With summer demands for tractors, trucks, irriga- tion and pleasure cars there is a grave possibility that the California supply: will not fill coast needs. (Gonservation of our ofl:supplies by ination of waste, and rapid hydro-electric, de- velopment isithe most bi Pe bogging of wy 5 shi 4 ? the off Companies Will not produce ol Prices are regulated by the law of supply ‘and demand. Under presen condition demand is ‘increasing: more rapidly than the California supply. — If a freight rate that would permit the economical shipment of petroleum products from Casper to Seattle or Portland, the shortage of oils on the Pacific tt would be relieved in short order, at present in Oregon and ‘Washington and. also across the boundary in Canada, the auto traffic is held up-bya grievous shortage of oils and oil products while here in Wyom- ing we are confrented with a conges- tion in the same commiodities and be- cause-of the high freight rates preva- lent between Casper and Pacific coast points we are unable to ship stocks to that region. New Test in Utah. Drilling for ofl on a newly discovered Utah field, located in Township 21 south, Range 16 east, will begin short- ly, according to the terms of a deal O# company of Maine. This field is consummated by the Elk Basin United locatéd within forty-five miles of Salt Lake City and is said to present good possibilities of commercial oil. Reference is made to this district in U. 8..G..8. Bulletin 581, issued by C. H. Weggeman, a geologist who has been identified with some of Wyom- ing’s largest developments. Utah Land Conflicts Adjusted. Conflicts on lease applications for four Casper companies for land in the San Rafael swell in Utah have been cleared up and it is expected that the leases will be iesuéd to these companies. very soon. Th# contests originated on account of the adverse filings of these Orgauizations on lands claimed by the M, J. Gothberg interests of Casper. Clearing of these conflicts and ap, amicable working agreement between the parties effected will unquestion- ably start carly drilling activities by the big companies. Tests of the San fael structure, regarded as one of the largest undeveloped structures in the United States jis being eagerly awaited by oil men in all parts of the country. The Carter company last summer expended considerable money on a road Dr. Luckey Announces REMOVAL his office to suite 325- fe 6,.new Midwest build- * ing. Office Phone 595. Res. 632-R, WMRKET. GOSSIP AND FIELD NEU AWAVERIGK PIPE LINE. PROJEGTED The Universal Pipeline corporation, organized by River- ton, Wyo., interests, identified with the Riverton-Wyoming Refining company and said to be almost fully financed, has announced plans for the construction of'a pipeline from the Maverick Springs field, Fremont county, to Riverton. project. will be carried out this summer, it is indicated. The to part of the land which, was held up by the conflict. A Standard outfit was ordered from Casper, but later orders brid up shipment pending hearing of the claims. ‘The company will now start its prospecting campaign, With the big companies already drilling and at least three independent organizations preparing to develop their holdings, there should be atleast six test wells completed this summer. With approximately 2,300 applica- tions filed in the Salt Lake land office district, nearly 7,000,000 acres of land have been applied for. The figure is exclusive of the land filings in the Ver- nal land district, the issuance of state leases and the vast amount of private lands that aré now under lease for oil Presvect, Out of the 2,300 government lease applications only 300 have been issued so far. The only thing that will re- tard the greatest prospect development ever given a state will be the lack of facilities at Washington to take imme- diate action on the Utah applications. \g Demand is Increasing “Material increase is reported by refiners: in the demand for refined oil, especially gasoline and automo- ile lubricants.” says the Wall Street fournal, which adds: “High-grade ojl is scarce in the Midcontinent as a result of the grow: ing demand for gasoline and automo- bile lubricant’ stocks. One refiner. says ho would not be surprised to see 2. substantial advance in the price of high-grade ccude oil by May 1. ° “No .materiai improvement ~in''the fuel oil market is expected, due to the usual summer lull in the demand Woreign demand for ofl is retarded by ina vility of foreign countries to! pur-} chase their full requirements, espe- cially, Russia and Germany. If a way were found to finance exports to these countries, one oil man says theré would be a big demand for fuel oif and kerosene and that these prod: nets would actually become scarce," Sage Creek Test Planned. The Washakie Oii. syndicate is’ Capitol Fete; -—+-----— Consolidated Royalty Columbine. +’. Casper Ranger Cow Gtleh -.- Domino... ... E. T. Williams . 94 Elkhorn . . AL Fargo .. Frantz .. 2.75 2.90 Gates. 38 Al Great "Western Petroleum. .05 — .07/ Hutton Lake. . 03 64) Jupiter. . .. 03 Kinney... Bt Lance Creek Royalty. 05 Lusk Royalty . . 04 Lusk Petroleum .-. 03 Mike Henry . . 06 Mountain & Gulf . te 128 1.98 Northwest .. 28.28 Outwest « Picardy . . 07 Riverton Refg. 05 Royalty. & Producers... 18 Tom Bell Royalty. - 03 05 Sunset ....-++-+++ 06 07 Western Exploration . 220 2.35 Wind River Refining 01 02 WYOMING CRUDE O1L MARKIZ Grass Creek ------~~ Torchlight ----------- $1.75 L765 Elk Basin SOR ASTRA LO Greybull ~----- ---------------—~ 1.75 Lance Creek ------------------- 1,70 erecting a) rig in the Sage Creek field directory, about 500 names. Today’s Markets by Wire -FURNISHED BY TAYLOR & CLAY Ground Floor Oil Exchange Bldg. Phones 203-204 | Cities Service Com. ‘Marks . . four miles north of Fort Washakie, Fremont county, Wyoming. This field ‘was prospected ‘to a shallow depth several years ago and good oi! show’ ings found but @ desp test was never completed. Oil from one of the old wells will be used for fuel. purposes. OIL PRODUCTION SHOWS INCREASE! Average Daily Runs for the Last Week Gain During Week, Oil Weekly Says HOUSTON, ‘Texas, April) 4.— The average daily production of oil for all fields ‘of the United ‘States for the last week, was 1,303,662 barrels, an increase of -13,053. barrels over the previous week, according to this week's issue of the Oll Weekly, Increases came from Texas and Kansas: Average daily production by states follow: Texas, $45,147-barrels. Kansas, 83,000 barrels. Oklahoma, 286,700 barrels. Lousiana, 81,315 barrels. Eastern States, 120,000 barrels, Mountain ‘States, 60,500° barrels. Califormnia, 327,000 -barreis. Many Hardings In American Capital (By United Press) WASHINGTON, April 4.—Boy, page Mr. Harding! He’s got a man’s sized job on his hands, for in Washington's city direc- tory there are exactly 69 Mr. Hard- ings. Not only that, but the Hardings occupy slightly over half a page in the big book of names. The other 41 pos- sessors of the distinguished appella- tion (for they total 110) are women. Included in the family are police- men, firemen, motormen and clerks, tinners, carpenters, chauffeurs and de- tectives. But there's only one prosi- dent in the lst and he ts the only one who uses the prefix “W. G.” True, there is William P. G, Hard- ing, governor of the Federal Reserve board, but this is the closest approach to “Warren G." And there’s a Mrs. Florence Harding lsted too, whose home is not at 1600 Pennsylvania. She is a clerk at the navy yard. Stil, considering, our bell-boy has less of a job paging Mr. Harding than he did Mr. Wilson, for the Wilson fam- ily occupies over four pages in the ‘ “NEW YORK CURB. CLOSING - Midwest Refg. -$139.00 $141.00 Midwest Com. 2.12 2.50 Midwest Pref. . --- 3.00 Merritt ... 12.00 Glenrock Oi1 1.87 Salt Creek . . 34.00 Western States’. 50 4.75 5.15 8,62 37 Indiana ... 69.75 NEW YORK STOCKS. Mexican Petroleum ..$141.00 Sinclair Oil . 23.00 8s. oO. $137.12 22.87 ‘Texas Oil. - 40,37 40.12 Pan American + $8.12 . 67.00 U. S. Steel ...--- - 80.50 80.25 Union Pacific R. R... 116.60 116.00 FOREIGN EXCHANGE Sterling... $3,90%4 Francs Idre... Call Money LIBERTY BONDS Qnd 448 . -+--- Brd 4448 « « weses: 4th 44s - Victory 4%s - Rock Creek -——. $1.50 Salt Creek —. —-n---- 1.40 Big “Muddy --. 240 Pilot Butte 1.40 Hamilton Dome Mule Creek Outdoor and indoor workers, sub- ject to exposure or heavy toil, find telief in Sloan's Litiment feet, lifting heavy weights? 3 anahoy Rotize el tired outs Never mind, if youare wise you have a bottle of Sloan’s on the shelf, at home orintheshop. Puta little on, without rubbing, and quickly comes grateful warmth and relief. i Good for rheumatic pains, rieuralgia, peiatica, Hibéga and the host of ex- ternal pains that are all the time com: ing. Helps break up coldsstool It’s comforting to heep é# ‘Three sizes—35e, 70c, $1.40. EEN at work all day, standing on handy, Sioa. Linimen We recommend this type of Fire Extin- guisher for Home and office use So simple a Price $16.75 Complete 918 Phones 914 CASPER SUPPLY CO. | Che Casper Daily Cribune GRAIN MARKET ~~ UPAND DOWN Slight Recovery at Opening Brings Out Sellers and Price * Again Slumps 2 (By Associated Press.) GHICAGO, April 4.—Wheat. prices developéd ‘a Tittle streng!’ today as a result of buying, based on opinions that all bearish factors had been. dis- counted and that a rally was due, Be- sides, some export demand was said to be in evidence. Advances, however, led to increased. ‘selling: pressure and there was a decline in some cases to well below Saturday's finish. Opening quotations, which varied from un- Changed. figures - to . 44 cent. higher, with May $1,37 to $1.38 and July, $1.16 to $1.16%, were followed by moderate gains all around, and then by a gen- eral sag. Subsequently rains in’ the ‘west: and southwest had a bearish, influence which was somewhat counterbalanced howeyer, by. liberal export. business in both wheat and flour. The close was unsettled, -1%¢ “net lower toa like advance, with May $1,38to $1.38% and July, $1.15. Gorn’ fluctuated with wheat. After opening % to7 cent higher, including|Calman, whose resignation became ef- May. at (60% to. 60%.centa ,tho marliet receded so that gains were more than wiped out. Later the market was firmer owing to persistent’ rural buying in small lots. The close was steady at the same as Saturday's finish to %c high-! er with May 5)%e to 6oc. Cats were governed chiefly by the course of other cereals, starting 15@% cent off to %@% cent advance, July a little, but soon became easy. Closing Quotations. CHICAGO, Apri! 4.—Close: Wheat—May $1.38, July $1.15. Cofn—May 53%c, July 63%. Oats—May 37% c, July” 38%e. Pork—May $17.40, July $17.80, Lard—May $10.52, July $10.90, Ribs—May $9.97, July $10,235, Potatoes CHICAGO, April 4—Potatces, weak: @1.19 cwt.; bulk $1@1.15 cwt. K. C. Provisions. KANSAS CITY, Aprii 4—Eggs—Un. }changed; firsts, 20c; seconds, 16c. ; Butter—Creamery, 2c higher, 48c; packing unchanged, 15c. Poultry—Hens, 1c higher, 24c; broil. ers, unchanged, 60c; roosters, changed, 14@19c. | Chicago Provisions. ; creamery extras, 48c; standards, . Eges—Lower; receipts, 20,520 cases: 2ic; at mark, cases included, 21@23c. | Poultry—Alive, higher; fowls, 30c: springs, 32c. S | SEVISON SUCCEE WCALMAN. HEYT: Rogir 1N , April 4.—State High- | pla superintendent's office, pending ap. pointment of a successor to D. C. Me. fective April 1, | a BRICKYARDS DESTROYED undetermined origin Saturday Jat Swadley, one mile {| $15,000. i 30 o'clock this morning. 38% to 39% cents and then hardened| Higher quotations on hogs had only a tranéient bullish effect on provisions. réceipts 87 cars; new Florida Spauld- ing Rose No.1, $12.50 barrel; No. .2 $10.50; old Northern white sacked $1 un- CHICAGO, April 4.—Bujter—High- firsts, 23@23%c; ordinary firsts, 20@ er Z. BH. Sevison haz been din charge of the state highway DENVER, Colo,, April 4.— Fire of de- stroyed the Denver Shale brickyards northwest of vada, entailing a loss estimated at ‘The fire was still burning at '| Livestock Mart CHICAGO, April 4.—(U. 8. Bureau of Markets)—Cattle — Receipts, 15,- 000; beef steers generally steady, early top $9.85; bulk, $8.25@9.50; butcher she stock steady to 1h¢ high- er; bulk fat cows and heifers. $5.50 | Stee]s @5.75; canners and cutters largely” $3 @4.50;' bulls steady; bulk dolognas, $:.50@5; bulk beef steers, $5.25@6.25; ;|calves steady; understone weak; bulk vealers to packers, $7.50@8; stockers and feeders mostly 25c higher. He Receipts, 28,000; opening 15¢ to 25c: higher; lights and: light butch- ers late 10d to 25c higher; otters un- evenly to lic higher; top, "}10.15; bulk 220 pounds up, $8.80@ | in, 9.50; pigs mostly 25¢ higher; bul« de-} sirable pigs, $10. | jerally 25c lower; sheep steady; one| load 80-pound wooled lambs early to| shippers, $10.26, out of line; bulk fat wooled lambs, 99@9.75; shorn. top, $9; bulk, $8@8.75; good 100-pound shorn | lowes, $5.75; wooled ewes top, $6.50,| average about 115 pounds. Suagr, )| DENVER, Colo., April 4.—Receipts, 2,009; market slow to higher; beef steers, $7.50@8.25; cows and heifers, | Cluett, $5.50@%.00; calves, —- $10.09@12.00; | trom free offerings of Reading, which stockers and feeders, $6.76@8.00. broke 1% points. Call money ‘opened Hogs — Receipts, 2,000; - market} a+ ¢14 pr cont. steady to 25 cents lower; top; $9.60 ae -| bulk, $8.25@9.00. Silver. Sheep—Receipts,, 2,200; lambs 250 yaw yo ae oe cents lower; ewes down; lambs, $7.25@ laommeucisev eas Soa eral atlver, | $9,007: even) SATS OO AO: Mexicon dollars; “43%: Sse itn ch ebay FORGER IS RETORNED | J. A, Ramsey, wantédby Worlana| N. authorities on a charge of passi | spurious paper, left Saturday in cus: te E Franc Belg! | city to answer the charge against him. LO Naas Jewelry and watch repairing by ex- pert workmen. All work guaranteed. Casper Jewelry Mfg. Co, O-S Bld Lire, Mark |Rails weve comparatively dull « aw. YORK, change irregular; | tody of an’ officer from the northern | mand..$3.90%; EARLY GAINS IN| OS ARE LOST Attacked at Morning Ses- sion Which Results in Fur- ther Losses NEW YORK, April 4.—Shorts made concerted attack against steels dur- ing the morning session of the stock 1 |market, evidently basing their: opera- $10.25; bulk 200 pounds down, $9.85@ | tions on increasing. signs of impend-| % price and wage readjustments., WESTERN BUREAU RETURNS Crucible waa {points and Bethlehen, Republic, Nova| Sheep—Receipts, 19,000; lambs .gen-) Scotia and United’ States: Steels for- felted an average of. 1 gains in. motors, when selling of Asphalt, common and | preferred, Atlantic Gulf and’ Royal Dutch resulted in declines of 114 to 5. points. Weakest, losing 2% point. and: oils, were lost American Sumatra’ Tobacco, in. cluding May Department. Stores and Peabody, yielded 1 to 2 point. Money and Exchange. -Prime mer. 74@T% per cent. sterling, paper, cables, 8, de ilders, demand 34,34, cables 34,44. demand 4.13, cates 4.15 demand 1.61, cables 1.62. Early PAGE NINE Greece, demand 7.49. Argentine, damand 83.60. Brazilian, demand 14.50, Montreal 11% per cent discount. Time loans steady; 60 days, 90,day¥s and six months, 6%4@7 per cent. etals. NEW YORK, April let; electrol: | May and Juni Iron—Nomina! 2 northern, 4.—Coppen— fc and nearby, 12346 18c, No. 1 northern, $28; 7; No. 2 southern, $. t in—Steady; spot and nearby, $29; futures, $29.50, Antimony—Quiet; spot, $5.12@5.25. Lead~Quiet; spot, $4.25. Zinc—Hasier; East St. $4.65@ 4.70. [LOCAL INSTRUCTOR FOR Louis spot, Frank O'Neil, formerly local inspec- tor for the Western Weighing and Inspection bureau, has just returned to Casper and takes charge of his former. position. Mr, O’Neil has been | doing similar work at Salida, Cola, j during the past year, while A. BE. International | Holmgren has very efficiently taken Harvester Preferred and obscure specialties, care of the inspection work here for the bureau. | A reduction of forces in the inspec- |tion department of the bureau fs the reason for Mr. O’Neil’s return to Cas- ; Por. The system of seniority relieves | Mr. Holmgren for the time being and | he ts to be employed by the Standard | here. 1 Pais ea Better roads keep the casii register | tinkling and produce a steady flow of trade, Oil Expe-ts Oil Field Maps Blue Prints Explorations Reports Wyoming Map & Blue Print Co. 1} P. O. Box 325 Rm. 10, Lyric When we opened our store February 4th of this year, we advertised that we would, at all-times, sell mer- chandise for Men and Young Men.at the lowest possible prices, consistent with fair business principles. This we have done and will continue along this plan. Since opening our store the business has been far above our expectations, and to show our appreciation of the kind treatment and confidence which our customers have bestowed upon us. ’ Sitits into two lots, priced as follows: We have a FOR THIS WEEK ONLY rranged our stock of These suits were purchased during the break in the market last January. You can see at a glance the big money saving values we are offering. E Our buyer will leave in a few days for eastern markets. We want to reduce our stock of Suits to make room for summer wear. In addition to these extraordinary suit prices we will offer the following specials FOR THIS WEEK ONLY A Black and Tan Hose, double heel and toe, fast A Blue Canvas Gloves, 10c per pair; 3 pair for (Successors to J. L. colors; per doz., $1.25 Buckle Union Made Overall Learner) fast colors, Blue Chambray Work Shirts, full cut and 45C A big lot of Dress Shirts, worth up to $2.00 95C A heavy Black Buck Work Shoe; solid leather $2.15 0 SOUTH CENTER STREET