Casper Daily Tribune Newspaper, June 14, 1921, Page 5

NMRKET BOSSIP AND FELD NEWS GETS TOPPING PLANT GAT GREEK CROP DAMAGE. BOOSTS GRAIN Hot Weather and Black Rust Re- ports Are Factors in Soar- ing Prices Today CHICAGO, June 13.—Hot weather and black rust made the wheat mar- ket soar today. July and September deliveries both went to a new. high price recerd for the.seasw:. There was a general rush to buy and despite considerable profit-taking on the part of holders, reactions. were only tran- sient. Opening quotations, which ranged from lc to 4%c higher, with July $1.39% to $1.41% and September $1.26 to $1.28, were followed Wy ma- terial further gains. : CHICAGO, June 13.—Later the mar- ket underwent a sharp setback as a result of heavy selling due more or less to enlarged country offerings and to rapid progress of the harvest. The close was unsettled, 1%c to 4c net er with July $1.38% to $1.40 and ember $1.27% to $1.27%. Corn advanced with wheat. After qpening ec to 1%c higher, including July at ##%c to 64%c, the market scored additional upturns. Shorts covered freely, but other suport was facking. The market closed ‘nervous at %c to lie net ad- vance, with July 64%c to 14% @%c. Oats were lifted by the strength of other cereals, opening %c to i%e higher, July 29¢ to 39%c and then continuing to harden. « ‘Weakness in hog -yalues had a de- pressing effect on . Closing Quotations. CHICAGO, June. 13.—Close: ; Whee ey) $1.39%; September, 1.2744. . ‘ Corn—July, 64%c; September, 65%c. ee *, 40%4c) September, 10.22. September, Weak; receipts 122. ‘cars; white sacked and bulk $.90@1.00 ewt; Alabama, Spaulding Rose $2.40 cwt; Louisiana $2.00@2.15 cwt.; Virginia $4.25 barrel; South Carolina $3.60 bar rel; North Carolina $3.50@3.65 barrel, ts ¥i Egge—Higher; receipts 20,954 cases; firsts 233% @24c; ordinary first 20@21c; at “mark, cases included 22@23c; standards 24%4c. , Poultry—Alive, lower; fowls 21%} broilers 30@35c. ‘ —_—_——— /STOCKUSTIS. WEIKER AGA New Low Plies Touched at Opening by Unit: tes Steel, Other Leaders NEW YORK, June-_13,—Today's stock market suffered from further liquidation.and short selling but some speculative favorites, notably oils and motors, ‘offered stout resistance. Sales approximated 1,100,000 shares. The closing was irregular. NEW? YORK, June 13.—Extreme weakness was shown by prominent issues at the opening of tofay’s stock market. The lowest records for a year or more were made by United States Steel, Crucible Steel and Mexi- can Petroleum. ‘The last named suf- fered mast severely, an initial decline of 2% points soon being extended to Pan-American, Houston Oil, Royal Dutch, General Blectric, Chandler Motor, Baldwin Locomotive and Amer- ican Woolen comprised the other re- actionary _stecks. . ‘Nominal gains among rails and specialties were can- celled within the first half hour, Liquidation broadened during the morning, the selling embracing the largest variety_of issues for any sim!- lar period since the reaction began. Equipments, motdrs, utilities, ship- and shared ing reversal. . Electric and Pullman lost "1% to 3%. Pacific Mail fell 4 points. United States Steel at 76% was lowest since 1920,.and Republic to unfavorable trade conditions, Jun- iar rafls lost 1 to nearly 2 points, but a few of the dividend paying trane- portations, né<ably Louisville & Nash- ville, were firm. Call money opened at 6 per-cent. Motals. NEW YORK; June 13—Copper— Quiet; electrolytic, spot and Dy, 13@13\c; June and July, 13% O13 %e. Tin—Easy; spot and near by, $29; futures, $28.75@29, Tron—Nominal; No, 1 northern, $25. @26; No. 2 northern, $23@24; No. 2 southern, $21@22. 5 Lead—Weak; spot, $4.50, Zinc—Quiet: East St Louis dellv- ery, spot $4.55@4.65. Antimony $5.25, Money and Exchange, NEW YORK, June 13.—Prime mer- cantile paper, 6%4@6% per cent. Exchange—trrecuiart steriing, mand $3.74 les $3.73; France—Demiand 7.04, cabiés 7.96. de- recently a 100-barre! producer, being the largest well in this field for some time past. a a Four Gas Sands in One Field. Four gas sands carrying heavy pro- duction have been passed through in the drilling of Midwest Refining com- pany’s Golden Eagle Dome No. 3, 1o- cated on the southwest quarter of svc- tion 12-45-97, in the forthern part of Hot Spnngs county. ‘This well is now shut down at a depth of 2,980 feet. awaiting repairs of drilling equipment. The gas sands have been mudded off and drilling will be carried down to lower levels in search of oil bearing} strata, Good in Tests. The tests being drilled by the Utah Ol! and Refining company in Wyo-/ ming are progressing without troubl The Ferris field hole is now past the 2,000-foot mark and drilling is being pushed rapidly to the deep oll sands. Similar progress is being mado in the test in the Lost Soldier gfield which | has negotiated the difficult drilling for- mations around 1,500 feet without trouble. Ferris Well Increases Flow. The wel] which was. dril'ed by the Genera! Petroleum company for the Wryoriing Illinois company in the ‘“erris field is Increasing its flow past the indications when the hole was orig- Inally, driljed in. Several times oil has flowed over the top "of the hole. In orrler to test other formations the producing Sand will be temporarily shut off and the well continued to the lower formations. ‘O11 Showings Encountered. Ol} indications of more than passing note -were encountered by the Wash- ingten Oil and Refining company at 2,570- feet in its well which is being, arilied on section 9-25-86 in the Ferris field. Indications point that this well will strike the producing formations whichrthe:General Petroleum com hit in {ts wells,on sections 9 and 16 at a depth of approximately 3,100 fects Refined Sugar At Low Price NEW YORK, June 13.—A new low price for the last four years was es- tablished in the refined sugar market today when several local refiners quoted fine granulated at 6c a pound because of the weakness in raws. Livestock Mart CHICAGO, June, 13.—(U. S, Bureau of Markets.)—Cattle—Roceipts 19,000; steers. and she stock steady to 10c lower; early top $9.15 paid for mixed 760-pound yearlings; bulk boof steers $750@8.65; butcher cows and heifers mostly 250 lower; quality plain; bulk $8.55@9.35; good stockers steady; others and feeders: dull. Hogs—Receipts 48,000; mostiy 15@ 20c lower than Saturday's average; top $8.25, one load; bulk §7.90@3.15; pigs 10@15¢ lower. 3 Sheep—Receipts 17,009; lambs 2Be 50c lower; sheep 25c lower; native lamb top $11.75; bulk $11.50@ 11.78; Idaho and Oregon springs held jnigher; Washington yearling lambs $9.50; western fat ewes $4.50; natives $3.50@4.25. Denver Livestock. ; DENVER, June 13.—Cattle — Re- ceipts, 2,000; market steady; beet steers, $7@8; cows and heifers, $5.50 @7.25; calves, - $3.50@10.50; stockers and feeders, $5.50@8.50. ; BEC , 1,000; market, 10c to. '‘15e lower; top, ; bulk, $7.15@ 715. Sheep—Receipts, 500; market steady; lambs, $9.50@10; ewes, $3.50@4. i Boigian france/Demand 7.92, cables “Gu — Demand 82.70, cables 32.89. : ‘Lire—Demand 5.06, cables 5.08, Marke—Demand 1.40, cables 1.41. Sweden—Demand 22.25, Norway—Demand 14.48. Argentine—Demand 381.12, Brazilian—Demand 12.87. Montreal, 1013-16 per cent discount. Time loans, steady; 60 days, 90 days and six months, 6% per cent. Call money, easy} high, 6; low, rullne rate, 6; closing bid, 5%; offered at 6; last loan, 6. —— Bilver, NEW YORK, June 13.—Bar silver, domestic, 09%40; foreign, 59%40. Mexican dollars, 45%, —__——— — ——__Subecribs for The Trit-une——— cei ee ed Geologists. Ofl Expe-ts Oil Field Maps Blue Prints ore he Map & Blue Terrier Co P. O. Box 325 Rm. 10, Lyric FURNISHED BY TAYLOR & CLAY Ground Floor Oil Exchange Bldg. Phenes 203-204 Lusk Royalty Lusk Petroleum . (Mike Henry .. Mountain & Gulf Northwest .... | Outwest |Picardy .... | Riverton Ref Royalty & Producers BUBNPE << doy gee sens ; Tom Bell Royalty... | Western Exploration. . | Wind River Rete Wyo-Kans. ..... | Wyo-Tex. ... 04 Grasg Creek Torehlight $1.50 0 35 DECLINE SHOWN For the first time since the early part cf April, production of crude oil jin the United States shows a decline jover that of the preceding week, ac- jcording to figures of the American Petroleum Institute, given below. |Figures are still close to the highest jon record, but it is probable that the peak of production has been passed. ;Lower production will tend toward better conditions in ‘the petroleum in- jdustry. ‘ Kansas, the Gulf coast, eastern crease from last week's figures, while Oklahoma, north Texas, central Texas, north Louisiana and Arkansas and Wyoming and Montana show slight increases over the preceding week. : Daily everages crude production in patty ‘the United States for the week end- ing: _ May 28 ‘Barrels © May 21, Barrels 291,010 100,150 70,260 121,860 92,620 113,670 130,000 69,500 339,500 1,328,670 |Daily average crude production in Wyoming and Montana, for week end- ing: May 21 Barrels 41,200 6,000 2,600 5,200 8,000 3,100 |Salt Creek --. (Grass Creek Big Muddy ~ Laramie District 70,100 3,100 69,560 Jotal, Wyoming 3,400 Cat Creek, Mont. - Total Wyoming and 69,500 SS RIREIE OS Ye A memorial to the women of the Mayflower is soon to be unveiled at Plymouth, Mass. a Jewelry and watch repairing hy ex- pert workmen. All work guarantesd, Casper Jewelry Mfg. Co., O-S. Bldg. 2-5-tt fields and California register a de-! Sinclair Oil | Texas Oil .. | Pan American Pete . = 98.73% 0793 Call Money - LIBURTY EOND: 3%s .. a 2nd 4s jist 44s . 2nd .4%s . rd 4%s- 4th 4% < Victory 4%s . CRUDE OF MASE jeone Creek Balt Creek Mule Creek -.. IN PRODUCTION OF CRUDE OIL IN THE LAST WEEK CANADIAN CLL BUBBLE BURSTS |Government Profits From. Wild Rush for Lesses in Edmon- ton Region A story of a “busted” of! boom comes from the town of Wainwright in Canada, near Edmonton, Tho ex- citement started with the finding ef a Peculiar oll in some water wells, The oil found was almost pure white, and resembled keroscme more than any: thing else. Immediately after the dis- covery of this practically refined prod- uct,” there was the usual rush {or leases, and the Canadian government prefited in four days to the extent of $2,500 inthe form. of filing feos on about 6,000 acres. Agsample of the oil was sent to the University of Al- berta, where it was reported to -be, somewhat of a mystery. Having no lubricating properties, and strongly resembling kerosene, it was reported that it was extremely difficult to ac- count for the occurence of this as a natural product. ‘The arrival in town @? George Shep: pard, a geologist of the Imperial Oil| Company, Ltd.,. marked the beginning of the end of the oil boom. Amidst the greatest of oil excitement, Shep-| pard sleuthed around until he discov-| ered a kerosene oil tank in the rear ‘of a hardware store. Although there was no evidence of leakage, system- atic digging on Sheppard's part re-| vealed the fact that the tank had been leaking probably for years, suf-/ ficient kerosene accumulating finally to reach near by water wells, in which| the “discovery” was made. Probably} Sheppard was not the most popular) man in Wainwright, this being the! usual fate of those who bring people back to earth. —————— )——_—__—_—_—_ CBARLTS J. STONC Petroleum Geologrst Reports and Surveys WINNET?, MONT. Best Bowl of Ch At the Chili All’kinds of Sandwiches Service, Highest Quality. Grand ili in Town 20c King Lunch at popular Fae Quick ntral Block s old comfort. . SHOES Don’t You Hate To Give Them Up? Bring them to us. We can make them look and wear like new and you will have-your CITY SHOE SHO 118 West Second Street ee HA Potter’s Linoleum Battleship in Cork Carpet Inlaid, Print and “Floortex” —tThe large quantities in which we purchase lino- leum permit us to make prices comparable with any. retailer or jobber in the United States. Its quality and wide range of patterns offer a choice for any purpose a discriminating purchaser may desire it, whether for a vacation home or a summer:porch, a pretty kitchen or a’ sunroom. {= = Range Varies Wid-ly From the “Floortex” at $1 the Yard, Through “Print” at $1.35, and “Inlaid” at $2.25 ---To 3-16 Inch “Battleship” at $2.70 i 350 RUGS. Sanford’s Seamless AXMINSTER ARE JUST RECEIVED, AND WE ARE OFFERING. THEM AT PRE-WAR PRICES Every Homemaker Knows That “SANFORD’S”. Means the Very Best in Seamless Axminster Rugs—Material, Pattern, and Durability All Considered. = = A WE OFFER BOTH CELEBRATED GRADES “BEAUVAIS’ and “FERVAK” $45.00 e . . . . Those Which During the War Sold at $88.00 Are Here Now Selling ‘at Chamberlin Furniture Co, Second and David Streets Phone 37 = = a = EN