Casper Daily Tribune Newspaper, June 16, 1921, Page 4

PAGE FOUR PRODUCTION INGREASES ADDED TOFALLING OFF IN CONSUMPTION Figures on All Phases of Petroleum Industry in Country Show Reason for Sharp Break in Crude Prices Since First of Year The figures on petroleum production, imports, ¢ ump- | tion and stocks on hand for the first four months of the year ' give an indication of the general trend of the industry. outstanding feature is the inc: ithe indicated figure for 1921 being 46 : against 443,402,000 barrels show a heavy increase, rising from 106,175,000 barrels in 1920 to a prob- 432 els this year. The tatal a ble frum these two sources will be in the neighborhood of 603,- 384,432 barrels, while the 1920 supply ‘was but 549,577,000 barrels. Against this large increase in sup- ply, the indicated consumption shows an actual falling off, the estimated figure being 537,9 barrels, while last year the jon was 539,- 231,000 barrels. Unless consumption shows a decided increase throughout The rease in domestic production, 2,615,000 barrels last year. Mexican imports the remainder of the year, or produc- | tim and imports fall off, there will be produced about 65,000,000 barrels more than is needed for the current year. Storage firures haye shown a steady increase since the beginning of the year, standing now at over 167,000,000 barrels While this is a high figure, it is no tin itself alarming if it were | not for the rapid increase from month |to month 167,000,000 barrels ‘s equal to 31 per cent of last year’s cansump- tion, or sufficient for less than four } month's supply. Domestic Consumption Storage 1921 Imports _ (Incl. Expts.) Bbis. January February 35,345,000 March 40,965,000 12,303,046 April 40,039,000 10,04 42,541,924 Total 46,923,144 201,128,144 175,990,924 An. rate 462,615,000 140,769,432 603,384,432 537,872,772 Last year 443,402,060 106,175,000 549,577,000 539,231,000 ‘To show what part Wyoming plays} times the monthly production. Production Storage HM Rhese statistics, production and storage figures over the same period are given. An interesting feuture of the industry in Wyoming is the smail sterage in comparison with the pro duction. Crude oil carried in storage in Wyoming seldom exce 0 cent of the production Zor while the oil in storage in United States as a whole is equal to three OILS SLUMP AT OPENING TODAY Mexican Petroleum Changes Hands at Loss of Seven Points in New York Mart NEW YORK, June 15.—Latest de velopments affecting the Mexican oil production and more depressing ad- vices regariing domestic industrial conditions prompted further selling of the general list in the stock market today. Sales approximated 750,009 sheres. The closing was, weak. NEW YORK, June 15.—Oil shares registered sensational declines in the early trading on the stock exchange today as a result of latest develop- ments in the Mexican oil situation.’ ‘A block of 2,000 shares of Mexican Petroleum changed hands at the opening at 120, representing an over- night loss of 7 points. Pan-American Petroleum, which controis Mexican Petroleum, opened at a moderate loss, but this was immediately extended to 3 points. Royal Dutch, General As- phalt and Atlantic Gulf featured the other reactionary shares of that group. Heaviness marked the early dealings in Baldwin Locomotive, Pull- man, American Sugar, Crucible Steel And numerous other industrials and , specialties. Rails were only moder- { ately changed, but mainly downward. Oils overshadawed the market dur- }tmg the active forenoon. Mexican Pe- troleum made an extreme loss of 7% } points and Pan-American “B" fell 5%. Most other oils increased their early + losses, especially Atlantic Gulf, com- ‘mon and preferred, and Royal Dutch, steels, equipments, sugars and nu- mergus miscellaneous issues continued | Total ‘ Annual rate 58,000 Last year - 17,000 Guilders—Demand, 33.10; cables, 33.20. Lire—Demand, 5.13; cables, 5.15. Marke—Demand, 1.44; cables, 1.45. Greece—Demand, 6.20. Sweden—Demand, 22.50. Norway—Demani, 14.45. Argentine—Demand, 31.12. Brazilian—Demand, 12.87. Montreal—11 per cent discount. ‘Time loans, steady; 60 days, 90 days and six months, 6% per cent. call money easy; high, 5%; low, 5%; rul- ing Tate,” 5%; closing bid, 5; offered at 5%; last loan, 5%. Silver. NEW YORK, June 15.—Bar silver, domestic, 99%c; foreign, 58%c.. Mexican adil 44% c. NEW INDUSTRY RESULT OF WAR Supply of Ichtyol Formerly Se- cured From Austria Now Distilled in America One of the industries developed in the United States as a result of the war has been the recovery of ichtyol, a heavy liquid distilled from fossili- ferous deposits and being highly val- uable for medicinal purposes. Before the war, this country received its whole supply from the Tyrol in Aus- tria. After this supply was cut off, it was found that a fossiliferous rock in Burnett county, Texas, offered a commerciat supply ‘of ichtyol. A company was formed to develop these deposits, and succeeded in making a commercial proposition of the new in- dustry. At certain times during the to lose ground. Weakness was most/ war, ichytol sold in the refined state proneunced in Crucible Steel, Bald- win and American Locomotive, Amer- fcan Sugar, United States Rubber, Sumatra Tobacco and International) Paper. These and sundry shares were 2 to 4 points down. Virginia-Carolina Chetical preferred last 8 points. Ral-| lien of 1 to 3 points occurred before hoon on short covering. Call money ppened at 5% per cent. ‘Metals. i NEW YORK, June 15.—Copper—| Quiet; electrolytic, spot and near by,| 13@13%c; June and July, 13% @13%c.! Tin—Steadier; spot and near by,| $30.00; futures, $30.00. | Iron—Nominally unchanged. | Lead—Quiet; spot, $4.50. } ; East St. Louis delivery, Money and Exchange. NEW YORK, June 15.—Prime mer-| tantile paper, 6% @6% per cent. Exchange—Firm; sterling, demand, | 43.78%; cables, $3.79%. | ca—Demand, 8.07; cables, £.08.| 7.98; igian francs — Demand, tables, 8.00. ——_——__- — ‘Tribune Classified Ads———— Bring Results——————— | as high as $60 per pound,. Now the American company finds serious com- petition from importations of the Austrian product, resumed since the war is over, and {s appealing for the placing of a protective tariff against the foreign product. The curative properties of ichytol have been Kkhown to the peasants in the Tyrol for many years, but the substance was not commercially used until 1882, when the Ichtyol company of Hamburg was founded. The use- ful applications of this chemical are many, ranging from the treatment of skin diseases, (erysipelas, eczema, etc.) to neuralgia, catarrh, gout, rheu- mutism, and sciatica, to pulmonary tuberculosis, smallpox, scarlet fever, diphtheria and measles. This range of application is explained by the con- stricting action of the remedy and, by its ability to penetrate the skin and start the healing of the tissues. In petroleum obtained from some of the western fields, ichthyol has been found as a constituent in small quan- tities, but no serious endeavor 1.5 so far been made to extract it. When the petrole2m industry is fully de- veloped, it is probable that this val- uable product will be one of the many recovered by exhaustive by-product processes. LERS D Do you know that the AUBURN Beauty Six Selling franchise is available in your territory? DON HOGAN, 1225 Broadway Phone Champa 133 Denver, Colo. Ask about the Cole Aero-Eight. It may be open also. DISTRIBUTOR Great Western Pet.. Hutton Lake ... Mountain & Gulf Northwest .... Outwest ..., Picardy .... Riverton Refg . Royalty & Prodi Sunset .... ... Tom Bell Royalty .. Western Exploration. Wind River Refg.... Wyo-Kans. Grags Creek -...- Torehlight Elk Basin Gander --. Market Gossip Oil Company Elecis. Officers of the Wyoming Eastern Oil and. Gas company consisting ot Laramie and Cheyenne men, were elected at a recent meéting held in Rawlins. Grove Moyer, Coughlin, secretary and T. C. Collop: treasurer, were the officers named ‘The company has extensive oil land holdings in Carbon county fields and Preparations are being made to de- velop the’ most promising of thes: holdings, Hidden Dome Work Resumed. The Ohio Oi] company has resumed 4rilling on well No. 1 in the Hidden Dome ficid to test the sands and other producing formations which aro thought to lie beneath the gas sand which was recently opened up. The Everyone should spend at least one vacation in “The Land of Wonders”’ — Yellow- stone Park—and see sights and scenes the like of which do not exist elsewhere - Briefly, the attractions ere —an incomparable climate, wild animals of numerous species living their natural life (Yellowstone is the largest wild game preserve in the. world); magnificent forests; wild flowers of bril- lant hues, in great variety and profusion; lakes, rivers, waterfalls (the Great Fall is almost twice es high as Niagara), innumerable rivera and creeks; geysers, mud volcanoes, hot and mineral Springs, exquisitely colored pools; mountains and can- yons; wonderful hotels, per- manent ‘‘comfy"” camps, ah automobile ride that has no counterpart in all the world and—the Cody Road, which has been called “the most wonderful ninety miles in America." Why not go this year? Take the family! Decide when, then Iet me make your reservations so you will be sure of accommodations. L. J. EDWARDS, Ticket Agent. J. A. LEARY, Division Freight and Passenger Agent, Casper, Wyo. ‘Buslington Route Today’s Markets by Wire FURNISHED BY TAYLOR & CLAY sie. cee tctese Refining company lated at 6.75 cents a pound. N. ¥. Central Pays Dividend. . ot York Central today declared its regu- {Texas Oil ... 3387 33.73 but the upturns were not of a lasting | lar quarterly dividend of 1% per cent. Pan Amer Pet (ox div.) 49.50 47.59] sort. The close was unsettled, 3c to CR aca ge Ne u: S. Steel TS oS ae at 3%c net lower with July, $1.31% to| “Milk.” magnsetactsees Sete, phipped | Union Pacific 6.00 }$1.32% and September, cats, ground peanuts, a le FOREIGN EXCHANGE. | ($1224 oe crepe ~- 1.16 115 ao $1224. Corn—Suly, 61%c; September, 62%c. Oats—July, 37%c; September, 38%c. Sa — July, $17.50; September, teat was delayed for some time on_ac- | #17-80- Lard—July -¢10; September, $10.32. count of the heavy gas pressure which| Rins—y: ; September, was encountered. Other companies ee ieee operating in the Hidden Dome field Denyerel Fresterts. are going to follow the lead of the; DENVER, June™ib.—Cattle — Re- Ohio company in testing the lower for,|ceipts, 400; steady; beef steers, $6@ CORD TIRES ow Selling at the Lowest -. Price Level in Tire Flistory 30x3% - $24.50 mations. 6.75; cows and heifers, $ * po se calves, $7@11; stockers and feeders, In Egypt less than two per cent of|$6@6.50. ft ae 32x4 - - 4630 34x4% - - 84.90. (And Other Sizes in Proportion) Tire repair men, who judge values best, class these tires as having the carcass le. Forty-seven hi ‘car manufacturers use dard equi; gau the tyualcyichaice checrd ausra. ER $13.95 for 30x3! Regular Non-Skid Fabri 2 Pd the sole purpose of tires and 20,000 tubes, this plant permits a ion on a quantity basis. A I uniform. i wih bee Gis Se eek the car owner at any price. a 125-137 North Center St. EMOLA FINISH” she first discovers what she can do with wonderful EMOLA; a combined. varnish and stain made by the McPhee & McGinnity Co.; in all shades of oak; cherry, mahogany; walnut and green | For transforming light furniture into dark; or vice versa; and for use on floors and 'wood- work.',Gives new youth and beauty to the oldest; worst- marred surfaces; at trifling pe and is perfectly easy and simple app. Natrona Lumber Co. 4 Phone. 9 ‘ BUTLER ADDITION , We are agents for the new Butler addition lots, th t= addition to the best residential section that has been veeai ae the market in the past year. 40-foot lots, wide streets, all graded. water on all streets by September ist. Sniall cash payment, and only $10 per month. No interest, no taxes for 1921. And above all, don’t be misled by a map in yesterday’s Tribune purporting to give exact location of our new addition. While as a matter of fact we join Kenwood addition on.Fifteenth street on the south, Mc- Kinley street on the west, orto be exact, the new Butler addition begins one-fourth mile north of the line shown in the map. We don t believe itpays to misrepresent. Compare our lots with the size of lots in other so-called new additions but which, in fact, has been on the market for the past three years, and why? There isa reason. And then compare prices‘and, in addition, consider that The Mountain Realty and Title Corporation guarantees water on every street by September Ist. What does this guarantee amount toP. Just ask any bank in Casper. And then buy in Cas- per’s best and ‘newest addition. Phone us any time and we will gladly show you, for we are from Missouri. John M. England Contiany: Agents 202 O-S Building Phone Office 1129. NOW OPEN FOR BUSINESS DELICATESSEN AND 3ROCERY STORE Complete lines of Groceries, delicatessen special anclosing Lunch Meats, Salads, home baked Pork and ans, etc, Corner Midwest and Oak Natrona Transfer, Storage & Fuel Co. Furniture moving, tracking and storage. Covered vans, fireproof storage, baggage. Quick transfer to any part of city. [1 TRANSFER PHONE 349 “We Sell GEBO Coal EFUEL <a Home Phone 543-J |