Casper Daily Tribune Newspaper, June 23, 1921, Page 7

WEDNESDAY, JUNE 22,1921 CRUDE OIL OUTPUT STILL GROW he output from Wyoming and Montana, he United States as a whole. prevailed throug! GUT PRODUCTION Some Salt Creek Independents! May Shut Down Wells for the Present that certain of the independent opera-| bia fields. tors in the Salt Creek field are go ing a step farther than mere control for week ending— lof production from the wells. Instead June 4. May 28.|3 22 lof running the 60 per cent of their | Oklahoma 291,000 292,100. 201 jon. they are shutting down |Kansas 98,100 98,800 “os The reason for this action | Corn Taras ~ 70,600 70,760 08 hs said to be that the present price|North Louisiona & Peet? 128,450 43 realized for crude is below the cost of] Arkansas cw 03 production. The situation of an oper-| Guilt Coast 109,550 05 tor having @ 100-barre! well is that een = 128,000 | Western Exploration . 1.40 1.60 ,|Becond 4%s . ye can only deliver 60 barrels daily, Mon 7,590 f Wind River Refg. 02 04 ||'Third 4%5 m which quantity he realizes, at 65 California = 338,000 9, Wind River Retg. 01 02 |Fourth 4%s . nts per barrel, $39 per day. Out of Totald 1337430 i WyoKans .......... 1.00 1.50 | Victory 4%s . his sum the government royalty and Il expenses must be deducted. Wyoming and Montana. It is thought that there will be May 28. ome form of government supervision $1.58 f drilling and production operations bn the Salt Creek fle'<, an announce- ent on the nature of this control be- ing forthcoming within the next few ys. Just how far this supervision 1 go is not. known, but it is under- ood that the government considers itself sufficiently interested in the conomical exploitation of the field to k to have some degree of influence in the manner in which the develop- ent is carried on. a Total, Wyoming..64,190 Cat Creek, Mont... 3,400 Total, Wyoming and Montana. 7,590 Dividend Decision Passed. PHILADELPHIA, June of Pittsburgh, today Britain Barred By Labor Party BRIGHTO: England, June 22,.— (By The Associated Press.)—The Brit- h Labor party at its conference here joday, rejected Propa@sal introduced by the radica? wing to allow the Com- imunist party to affiliate with the bor party. —_—_ ‘Margaret Ewell, a pretty televhone sir! of Denver, was much startled to earn that in a fit of somnambulism ishe had taken a stroll through some jof the principal streets of tho city, d only nightie and boudoir cap. ————— Through appointment from the overnor of Arkansas, Mrs. Blanche O. Butler of Malvern, has become the jt woman justice of the peace in state. \ 7 Mme. Nazimova, who for several jvears has confined her work to the im drama, is reported to be contem< plating her return to the speaking in a play in which all the char- eters are women. Mrs. Carrie Chapman Catt, presi- Bent of the American National Wom- n Suffrage association, is to be hor- pred with the degree of doctor of laws |. yy the University of Wyoming. dent until later in the year. Dividend. Reduced. NEW cago Pneumatic Tool company to 1 per cent. Scott C. Bone, Washington nor of the territofy of Aluska. If your office is hot and stuffy you can’t do efficient work. Busi- ness may be good but vitality lags. GREAT STUFF- This Breeze Westinghouse Elec- 2 tric Fans produce a a wonderfully | cooling : breeze — they make your office an efficient business place-—a place ; where big business can be done. : The 12-inch oscilla- ting fan is very ec- nomical and gives a fine breeze. Natrona Power Co. Phone 69 MARKET GOSSIP AND FIELD NEWS Figures on daily average crude oil production, tabulated py the American Petroleum Institute, shows a reduction in ale but an Lpameaee for e daily average for th - at large, for the week ending June 4, is 1, 337, 180 bar. se rels, the highest figure on record. . If this zat of, production E ear, United satan Seriden ar * 1921 would be Gver 488,000,000 barrels, a, 443,402,000 barrels in 1929. Bary pian offenders—for in- luction is now almost an KS ches the petroleum trade—are | Central Texas, North Louisiana & Ar- | kansas and the Gulf Coast. In Cen- im Texas, nearly all of the increase is accounted for from the Mexia field, | wnien contributed 6,100 barrels daily against. nothing the previous week. |The Haynesville Pool in North Louisi- ana and the El Dorado pool in Ar- kansas gave the increase noted in that territory. Gulf Coast shows increased i rumtetiseertibieas the effect |TUNS from the Hull and West Colum. Daily average ‘production, barrels, 70,100 — 22.—The directors of the Pittsburgh, Cincinn: ommunists In jichiaco f° st Tous ratiroad, Pennsylvania railway subsidiary west decided to post- pone consideration of the regular divi: YORK, June 22.—The Chi- re duced {ts quarterly eivaaends from~2 President Harding has nominated and) Seattle newspaperman, to. be gover be Casper Daily Cribune Today’s Markets by Wire | FURNISHED BY TAYLOR & CLAY Ground Floor Oil Exchanze Bldg. Phones 203-204 | Western Oil Fields .. .17 18 6 |¥ OU ...... «- 21 23 | NEW york ‘CURB CLOSING t Asked Midwest Refs. . Midwest Com. :. Midwest Pref. Cities-Service Com... 117.00 119.00 |S. O. Indiana-...... 6325 63 50 $ NEW YORK STOCKS ; Open. Close. Mexican Petroleum ..$108.50 $109.00 = 20.62 20.00 mY - 30.37 31.3! Pan-Awterican Hete s. 46.00 46.75 I TS eS +. 118.25 113.37 FOREIGN EXCHANGE. Lusk Petroleum. . $3.75 799 142 Mike Henry .... Mountain and Gulf WYOMING CRUDE OIL MARKET: Grass Creek —~. Rock Creek ~~... $ .75 Torehlight | Salt. Creek Elk Basin Big Muddy Greybull -. Pilot Butte .. Hamilton Dori: Mule Creek Presents a problem at the present time. If the production of the field as a whole can be kept from increas- ing until the new tanks can be erected, it is probable that rio further cut in runs will be made. NO GUT IN OL AUNS PLANNED Tank Farm Conflagration Has No Effect on Purchases of the Midwest In: connection with the fire at the Midwest tank farm, which destroyed six 65,000-barrel tanks and one of 80,- 000 barruls capacity, the question has arisen as to how this. reduction of 410,000 barrels. in’ steel storage ts go- Ing to ‘affect the runs from the Salt ‘Creek field It is stated by officials of the company that, in spite of this very Appreciable reduction in avail- able storage, every endeavor would be made: to keep the acceptance of crude at/thé figure now prevailing, namely 60-per.cent. This 60 per cent is said to represent something over 40,000 barrels daily from the big; field, and the handling of this quantity Commune Insurance That is an Asset Is Sold by Members of The Casper Insurance Exchange When you buy-an insurance policy in a stock company you assume to liability. When you accept an insurance policy in a RECIPROCAL Fire insurance-company— a cut rate company—you assume LIABIL- ITY. You become personally liable for all losses that may occur should the company fail, and these RECIPROCALS DO FAIL. There is not one doing business at present . that has been in business over seven years. BUY YOUR INSURANCE WHERE YOU GET PROTECTION AND SERVICE. Casper Insurance Exchange MEMBERS ‘ FIRE > LIFE See Ben Realty Co. Carl McGrew J. H.. Realty, Co. J. J. Giblin |. Free dmuni i Jno. M. England a C rep ag M. P. Wheeler Co. R. T. Kemp Co. R. T. Kemp | Geo. B. Nelson Ben Scherck PAGE SEVER reantile paper, 64@6% per cen ular ring. de ae 3 Belg s—Demand 3 CHICAGO, June 22—(U. 8. Bureau 3.01 pt Marjets)—Cattle — Receipts a 000; dry fed steers and she stock ; steady; graasers slow, bids lower; toy _ ~ yearlings, $9; choice 1,500-pound b ‘ > locks, $8 bulk beef steers, $7 @ ‘ Crop pops: phe Lack of Mois- § 8.35; bulk fat cows and heifers, $4.50 Oils Among Siulaitiae Features t = s and co €s steady; bok ure ai avorable Condi nas largely $4.25@4.50; butcher butte in Continuation of Rally tions Bulls Market ; bulk veal calves, at Opening wits bulk veal calves aroun ae sco CHICAGO, June $2—-dew Stockers and feeders, dull. aya upturns in wheat prices took as a} ,, Hoss—Receipts, @3.75; pigs late; and September $1.23% to $1.24%4 were Culls mostly $6; followed Wy slight further gains and California wethers, $5; then something of a reaction. Corn hardened with wheat, opening|cows and heifers, $6.25@8; tec to %e higher, September 65%c to @10.50; 65%c and later scdring an additional] bulls, $4@4.50. seat. ptember, $17.90 Lard—July, $9.97; September, $10.32, — sand times bigger than an America’ CHICAGO, June 22.—Butter; cream-! pitlion. ery extras, 33c; standards, 2c; firsts, | 28@31%c; seconds, 24@27c. Eggs—Unchanged; receipts, cases. Poultry—Alive, unsettled; fowls, 26c broers, 35@42c. eS If it were possible to collect in 14,623 reservoir -all the blood pumped by about 1,700,000 gallons of water. THE U.S. CHAIN TREAD One of the few tires of which it may be said that they deliver economy year ind ceatcdt ar tive ciertice, The U. S. Chain Tread gives sufficient traction on all ordinary It is probably the hhandsomest, and by all odds the the whole U. & you couid. get together all the car owners you know, you'd probably ¢ find that their tire experiences had been much the same. Most of them have taken their fling t “job lots,” “discontinued Iines” and “surplus.stocks.” Soon or late, nearly all settled back on quality first as the one sound assurance of tire value. se s - As soon as a man forgets the cut- price tag, and comes to the dealer who concentrates, on a full, completely sized stock of U. S. Tires—he learns what it means toeget fresh, live tires —not once in a while but every time. Not merely in the big cities, but in his own home -town. CASPER MOTOR CO., (Inc.) Casper, Wyo. C. W. GREGORY Casper, Wyo. W. R. Yielding W. R. Yielding result of generally dry hot weather, “Ye steady: Bullish sentiment was also promoted °: thers yesterday by strength in the New York stock 2VmMse: top. $8.80 early: bulk. $8.40 sheep about steady: light Califor. nin ewes, $5.25; bulk fat native ewes ; calves, $8 stockers and feeders, $4@6 In England a billion means » mil- Ribs — July, $10.22; September, | tion millions. In America the term $10.55. is used to indicate a thousand millions, “ so that an English billion is a thou- Previsions. | human heart in one year, that res- ervoir would be enough to contain @13%e. Tin—Steady $29.00@29.25 Iron coveries from the recent were made by many pop the opening of depression 13 spot and Nom NEW YORK, J domestic, 99%c; foreign, strong. Money ‘ana Exchange, NEW YORK, June 22.—Prime x erty bonds. Phone 1147. Iris Theater Bldg. Economy rides on U.S. Tires~ Not merely for the heavy car, but for * the medium and light-weight car—a 4 full selection of size, tread:and.type. Your U. S. Tire dealer can give you this service because of the service he gets from his neighboring U.S. Factory Branch. There are 92 of these Branches. Each gets its share of U. S. Tires, so that the dealer is always supplied with fresh, live stock. U.S. Tires sell as fast as they are made, There is no over production. No sur- plus piled up waiting for a “market.” Wherever you buy a@ U. S. Tire— you buy a tire of current production, as full of life and value as the day it left the makers. United States Tires United States @} Rubber Company THE WHITE MOTOR TRUCK CO., (Inc.) Casper, Wyo. POWDER RIVER MERCANTILE CO. Powder River, Wyo. futures, $28.75 market. Selling, however, broadened jc higher; bulk de-| occurred in vari out on bulges and kept the market! “fable, $§.4@8 jSpproximated — 850,000 from beccgning one-sided. Opening, Sheep — Receipts, 19,000; lambs, “lasing was heavy 22.—Copper—~ quotations, which ranged from tc to MOstly 50c lower; two loads choice na- r; electrdlytic, spot and near by, lie higher with July $1.29% to $1.39 tives early, $12.50; practical top, $12 y YORK, June 22.—Further re @13.00c; July and third quarter, near by, @29.00. Louis, spot, Subsequently buying orders dwin- #3-50@4.50. Oils, equipments, mot and rails ly unchanged. died and the market declined. The od were the sustaining features. Gen-| lead—Quiet; spot, $4.50. close was unsettled at the same as Denver Quotations. eral Asphalt, Harvester, debaker,| Zinc—Easy; East St. | yseterday’s finish to. %c lower with| DENVER, June 22.—Cattle — Re. Reading and Sumatra Tcpacco scored #4. 404.50 July $1.28% to $1 28% and September |cepts, 1,800; market strong, 25c to, Sf¥ advances of 1 to nearly 2 points. Antimony—Spot, $1.22% to $1.22\. 40c higher; beef steers, $7.25@5.50; advance. were firm Mexican dollars, The market reonded tater with! est oge Receipts, 600; market steady:| Shirts were severely punished in —-—— wheat. Prices closed unsettled oc uEMer? OP, $8.75% bulk, $7 90. ithe broader and more comprehensive; 18 Cape Colony is a band of nuns to %c net lower with September 64%0|_, "0%? — Receipts, 200; market) advance of the morning. Mexican| 0 not only do all the work of the to 640. "| Strong, lambs, $9.50@12; ewes, $4@/ Petroleum was the central feature,|C"Vent, from ploughing and hoeing Oats were firmer, reflecting the ac-|**®% Imost 7 points to 115 or 12, t? milking, but shoe their horses, and ——___. epair s rpg is postion: After starting Pitaseaa: nett ene : os repels al ties Sta ea hinery ic to 1%e 5 - | common and preferred, Pan-| ecunt SORE este te eee cn || SCHIGADOM AS uae\ Teal Pitalces— Petroleum and Hotistan Oil), Professional tea and wine tasters tinued to rise. | Easier; receipts, 677 cars; northern|rose 3% to 6 points. Stéels, equip-| 7° Mt smoke, as it might affect their Provisions averaged lower,- tnfiu-| White, 50@55c cwt.; Virginia, $3.75@|ments, motors, rubbers, leathers and | Dalates enced by weakness in the hog market! 7°" rrel: North Carolina, $3.00@| food shares gained 2 to 4 points pce a 3.25 barrel. Chemicals and fertilizers ‘also rose Closin; aobadhanad: — sharply | Virginia-Carolina .Chemical || Geologists Expe-ts CHICAGO, ait Clo: The government of Liberia rents the advancing 6 points. Rails were ac i ink oil = Whaake Sige SaEME oe oe ber, Chamber of the house of representa. |tive at raises of 1 to 2 paints, juntor Oil Field Maps Blue Prints ere ¥, $1.28%2; September, tives in Monrovia for @ ‘twice-weekly as well as investment shares. Sears Explerations Reports 22a. motion picture show. The admission | Roebuck at a loss of almost ® points Corn — July. tee: s of rn — July, 68%c; September, price in thirty cents and the presi-/was the only conspiouous laggard ean e Blue dent of Ri By ey oO e Tes mantaree Once epublic has his own reverved | Call money opened at § per cent. P. O. Box 325 Rm. 10, Lyric :| LESPERANCE BROKERAGE Will buy, sell or loan money on active stocks and lib- County and city warrants bought. Phone 1147