Casper Daily Tribune Newspaper, May 27, 1921, Page 5

THURSDAY, MAY 26, 1921 MARKET GOSSIP AND FIELD NEW 2 EY) ce BOGUS PROMOTER HELD RESPONSIBLE FOR CLAIM OF WILOGAT DRILLING WHEATLAND, Wyo., May 26.— Representing himself as commission by the Obfo Oil company to “wildcat” in the vicinity of Wheatland, Jack men and has so far made good his es- cape. Robbins went to John McCallum of the McCallum lumber yard last week and figured on a large bill of lumber for ofl rigs. He then went to a hard- ware store and priced a range and other supplies. In the course of his operations he cashed two checks— one for $20 at the McCallum lumber yard, and one for $60 at the Globe He then left for the suppozed. hotel. ." The sheriff's office was noti- fied and Robbins trafl taken up im- mediately. It was found that/he had left by train the day the checks were cashed. No further trace has been found to date. ao : MORE UTAH WORK STARTED. ‘The Utah Oiland Refining company, MMOWEST-RIDGELY LEASE EXPIRE CHEYENNE, Wyo., May 26—The Ridge ease on the acres in the Grass Creek field which py subject of | amaigamatea I oe Pewee - Servier and the state of Wyo- | American ... was carrie ie federal suprem: art Atias decided by that tribunal in favor ciceta eee at midnight last night. The Midwest c LOCAL 6IL STOCKS. Bia. Royalty $ .09 - ++ 00% of the state, expired | Bessemer Sometimes Is An Oil Well but Other Times Not “An oil well is a hole in the ground Etkborn about © quarter of a mile deep, into |=. T. Williams which a man may put a small for- Frantz tune or out of which he may take @ big one. And he never knows un- til the hole is finished. It takes a couple of thousand dollars, several months, and a couple of non-com- mittal men in mud-plastered overalls to dig an oil well. They begin by going up about 60 feet. When they have finished their derrick, they hang a drill on it weighing half a ton. Then the men hitch the drill to an engine and punch a 42 centimeter hole in the earth's crust. . Some- Teday’s Markets by Wire FURNISHED BY TAYLOR & CLAY he Casper Dally Crivune 3.00 | Went decided setbac! Union Pacific R. R.. 119.00 FOREIGN EXCHANGE. Sterling - x WHEAT GIVEN JE TBACK AGAIN Continued Favorable Crop Re- ports and Shipments Depress Chicago Market CHICAGO, May 2' ‘Wheat under- in price today owing chiefly to reports of rain in the west ahd to word that liberal ship- ments on the way here from. other market centers would arrive in time to fill deliveries due on May contracts. ‘The May option in particular was with out support, and at one time showed a decline of more than 10 cents com- pared with yesterday's finish. Busi- ness in May contracts, however, was very small, July taking almost the entire bulk of trading. Initial quota- tions, which varied from 1c to 6c low- er, including May at $1.74 to $1.75 and July, $1.30% to $1.3114, were followed by further setbacks and then some- thing of a reaction, July keeping all the while inside of méderate limits. Free selling on that part of a house that usually acts for seaboard ex- porters counted subsequently as a@ bearish factor. The market colsed ly, 4% to 12%0 net lower, with $1.68 and July $1.27% to $1.28. sympathized with wheat weak ness. After opening %c to 1% low- er, including July at 62%c to 63%c, the market sagged a little further, times, after they have been punch- ing away for several weeks, the hole blows the derrick into the sky, ut: terly ruining it. Then the owner shrieks with glee- and employs 500 men to catch the spouting oil in barrels. But sometimes the derrick is as good as new when the hole is finished. Then the owner curses and takes the derrick away to some other place which smells olly.”- Fitch, quoted in Smithsonian Insti- tute bulletin. PRICE OF CALIFORNIA RUDE GUT REGENT An ofl man who arrived in Soviet Faces More Trouble COPENHAGEN, May 26.—A Hel- singfors dispatch to the Berlingske Tildende. body representing all political parties. The soviet government, the dispatch} short time ago, -85'Mule Creek ~. mous light oil field is worth nearly two of California oil, which has an asphaltic base. ena ER SPANIARD DEFEATS LOWE. HENDON, «England, May 26.—Man- uel Alonso of Spain, defeated F. Gor- from Calffornia states that the first|40n Lowe in three straight sets in cut in crude prices in that state came| ‘he Singles of the Davis cup tennis the reduction |#¢ries here today! The Spanidrd won amounting to 25 cents per barrel. This | bY_8-6._6-1,_8-6- says, has prohibited the newspapers from mentio: ot ed in large enough to permit deep develop: ment of the field. NEW YORK, May 26.— Bar. silver, domestic, 99%c; foreign, B8c. —- - Mexican dollars and then made a slight rally. Country offerings were heavy. On the other hand, export buying totaled 700,000 bushels and corn charters to Buffalo, 1,050,000 bushels. The close ‘was unsettled at a shade to 1%c net fecline with July 62%c to 62%c. Oats were easier as a result of bet- ter weather. The start was %c to 1%c down, July, 40%e to 41%c, and later upturns were rather feeble. Lower quotations on hogs as well as on grain made the provision mar ket drag. Closing Quotations. CHICAGO, May 26.—Close: Wheat—May, $1.68; July, $1.27%. ‘%c; September, 65%4c. Pork—May, $17. Lard—July, $9.5: Potatoes. CHICAGO, May 26. — Potatoes — new Louisiana and Texas Triumphs, $2.35@42.50 cw; Texas cobblers, ning strikes or other signs AIR TS Sliver. makes the price of California crude of the same gravity as Salt Creek oil, $2.75 per barrel. This operator ex- pressed surprise at the low rate pre- vailing in this state, Salt Creek crude selling at $1.00 per barrel, while, in his opinion, one barrel from the fa- tec. When You Hear It FIELD ACCIDENT PROBED. Cc. H. Hurley, general manager of the Utah operations of the Ohio Oil company, inspected the accident in the Huntington field this week which was caused by a calf wheel flying to pieces. The accident happened Preparing - Ferron sand which it is thought, will be encountered at a depth of 2,400 feet. 7 CHARLES J. STOND Petroleum Geologist Reports and Surveys WINNETT, MONT. The Home Bakery at Mills Otere Homemade Bread and Eostie sane Sale at Shikany’s Cash Store 143 East Second Street ORDERS FOR LODGE PARTIES A SPECIALTY equipped gas range. when “Lorain” ts cooking it. “The quest who won't go home” ctuses no enziety to the woman who has a “Lorain” Dinner con't darn The guest who won't go home has no terrors for the woman who cooks her ‘dinners on a “Lorain”-equipped gas range How many times has some thoughtless guest kept you chatting in the parlor while the dinner was burning to a crisp on the stove? It happens to everybody. One woman wrote to give her solution of this problem. She bought a “Lorain”-equipped gas range and now she never wor- ries, because dinner can’t burn when “Lorain” is cooking it for her. “Lorain” solves many problems vegetables, dessert, then set the indicator for four to six- “unk hour . You are now Sep euestiog. “Laren,” which till it is time to serve ay you exact measured and sd cece cap: ind eal ee most delicious meal you ever controlled oven heats for all ont down @. Come in and let us demon- strate the “Lorain.” You'll “Lorain” has made possible be amazed, at the wonderful full meal cooking at one time. ‘things it can accomplish fur You put the whole mealin the you to lighten the drudgery of oven; roast or stew, potatoes, “pot-watching.” 119 East First Street Phone 1500 local talent. Being in good everywhere. ~ You Will Like It It’s a Good One WHAT? The latest sentimental novelty waltz Wyoming’s own, written and composed by ~ by Casper’s best musical talent. Your music list is not up-to-date without this number. Buy it today, at the Metropolitan Store, Music Dept., at 35c per copy Allen & Tyler (Publishers) CASPER, WYOMING song, “I Never Wanted Until I Met You,” okehed Going troduced an We are offering so: Fruits, regular price, Bon Bon Dishes, regu A Baby Bond Store. HOLMES TO HOMES HOLMES’ SATURDAY ECONOMY SALE glassware for Saturday only. Nappies, regular price, S0c; Saturday, 40c Sherbets, regular price, 35c; Saturday, 20c* Sherbets, regular price, 25c; Saturday, 15c Sugar and Creamers, regular $1.25 to $3.00 values, Saturday’s price, $1.00 to $1.75 Pickle Dishes, regular 65c; Saturday, 40c Celery Dishes, regular $1.35; Saturday, 75c Ice Tea Glasses, regular 50c; Saturday, 35c Holmes Hardware Co. me real bargains in 15c; Saturday, 10c lar $1; Saturday, 50c Phone 601. | s2:50 owt; Loulstana long white, $1.85 |@2 cwt; South Cazolina cobblers, | $5.75@¢ barrel. +. Provisions. CHICAGO, May Butter—High- eri creamery extras, 28¢; firsts, 22@ 260; seconds, 17@2ic; standards, 2740. Eggs— Unchanged; recetpts, 24,533 cases. | Livestock Mart CHICAGO, May 26—(U. S. Bureau of Markets})—Cattle—Receipts, 7,000; beet steers, strong to 1b higher; early top beef steers, $8.40; bulk $7.50@ veal calves unevenly lower; bulk, $7.50 @8.25; butcher stock, bulls, stockers and feeders ‘steady; bulk fat cows and heifers, $5.50%6.50; bulls largely $4.50@5.50. Hogs—Receipts, 32,000, fairly ac- tive, lic to 25c lower; lights off most; top $8.25; bulk, $7.85@8.15; pigs, 250 to 40c lower; bulk desirable around $8, Sheep— Receipts, 10,000; qu mostly plain; slow, 25c to 50c lo shorn lambs, top early $11 to s pers; bulk early, $9@9.60; best n: tive ‘springs early, $12; culla $6.50@ 8; ews top early $4.50; bulk, $3.50@ 4.25; Texas holdover yearlings, $7.50. Denver Livestock. DENVER, May, 26—Cattle—Re- ; market sidw and weak; $7.00@8.00; cows and $5.75@7.00; calves, $8.00@ 11.00; 8 and feeders, $6.00@7.00; bulls, $.3.75@ 4.75 Hogs—Recelpts, 2,400; ma: lower; top, $8.10; bulk, $7.35@7.75. | Sheep—Receipts, none; no market: lambs, $10.00@10.50; ewes, $4.00@4.50; spring lambs, $10.75@ 11.25. Se PAGE FIVE among Pactfics and coalers. Shippings moved forward with transportations and many of the steels and equipments increased their early gains. The ad- vance also comprehended most of the popular olls, motors and prominent miscellancous issues, including metals, textiles and utilities. Rubber shares STOCK LIST |S STRONGER AGMIN === | Sata i . iz ‘conditions. Call money opened at | Rails Lead Way to Higher Prices; !7 per cent. Mexican and Domestic Oils Meiiey aul Miabanes Advance NEW YORK, May 26—Prime mer cantilco paper, €% @7 per cent. Exchange—Irregular; sterling, mand $3.92%, cables $3.93%. Francs—Demand $8.46, cables 8.46. Belgian francs—Demand 8.46, cables 3.48. Guilders — 35.02. Lire—Demand 5.35, cables 5.37. Marks—Demand 1.62, cables 1.63. Greece—Demand 5.40. Sweden—Demand 23.20. Norway—Demand 15.40. Argentine—Demand 33.87. Brazilian—Demand 13.87. Montreal, 1011-16 per cent discoynt. ‘Time loans, steady; 60 days, 90 s,| days, six months, 6% per cent. NEW YORK, May 26.—Dealings in the stock market today were in- Muenced by short cov nd such jeonfileting factors as r money ;and better railroad return Sales ap |proximated 675,000 shares. “The close }was steady. | ae Demand 34.92, cables NEW YORK, May 26.—There were |few exceptions to the higher trend of | prices at the broad and active open: |ing of today’s stock market, “yester day's belated rally showing numerous extensions. Steels, equipments, in- vestment rails and Mexican and do mestic olls featured the advance. Pressed Steel Car soon rose 2 po = Crucible Steel gained 1% at Northern and Northern Pacific made }1.potnt gains. Similar improvement | at 7% |was shown by Mexican Petroleum, Central Leathtr and Pierce Arrow | preferred. Baldwin £ ve opened |at a slight recessi | rebounded and lea: Metals. NEW YORK. May electrolytic, J 26.—Copper— spot and near by, 4 @13%c. ues were fractionally higher and near by, specialties and European s comprised the few backward stocks. y unchanged. |. Ralls Jed the list. to higher and teady; spot, 5.00. broader ground during the m East St. Louis deliv | Buying of those shorts at ga 1 to 2 points was stimulated by | Statements of earnings lmarked __ improvement, $5.25. ny—Spot. oe - Subscribe for The Tribune—— The fines now available at the went into effect t Tire for Small Cars Goodrich Ox3% Tread cAnti-Skid Safety at the 20% Price Reduction anti-skid safety tread fabric tire 20% Price Reduction which lay 2nd Hereisa 30x33 tire, with snappy black, tread and creamy white sides—clean, trim, splendidly finished—generously large and full in size, with the Goodrich anti-skid safety tread. This tire will give you much longer mileage, the greatest of durability, the utmost riding * comfort and the fullest satis- faction. Like all other Goodrich tires the “30x32” is made only if one quality. It is so thoroughly and unusually good that its makers frankly declare it the best tire ever made for small cars. _ THE B.GOODRICH RUBBER COMPANY Akron, Ohio Dealers everywhere are selling Goodrich Silver town Cords, Goodrich Fabric Tires and Goodrich Red or Gray Tubes—all one quality—at the 20% reduction in prices which Goodrich made effec tive May 2nd, 1921, Oh BIKiaRy, Look! Conainia to Drea. Watch for Opening Date Rin Ker’s ORCHESTRA miland You'll Be Surprised ; x aa?