Casper Daily Tribune Newspaper, July 17, 1921, Page 9

SATURDAY, JULY 16, MIKET GOSSIP AND FIELO NEWS ([Foday's Mackews by PERATIONS REVIEWED MONTANA 0 . (Special to The Tribune.) BILLINGS, Mont., July 13.—Resumption of activity in the Laurel field,.16 miles west Laurel, where B. F. Hoyt oil well several years ago PRODUCTION OF OL FALLS OFF (Sntinued Decline With Largest | Reduction in Wyoming Field Reported Average daily production of petro leum {m tho United States for the week ebting July 2 was 1,315,950 bar- rels a8. compared with 1,316,430. bar- vels aferage for the preceding week, 4 decrease of $30 barrels. , An Ancrease of 20,400 barrels was reporthay for the Eldorado, Ark., field while the total production of all other] Nelds. ddcreased 29,930 barrels, 9. barrels. of this decrease being counted fpr by the Salt Wyoming. ‘The daily average gross production of thes Wyoming and Montana fields was §5.800 barrels as compared with €6,420} barrels for the preceding week a decfease of 10.6: arrels Tha estimated daily average pro- 00 act Creek pool of tion ‘of Wyoming and Montana a8 follows: Wyoming— June 4s. Salt Creek. 41,600 Grass Creck 4,400 Elk 2Basin 2,400 Big Muddy - 5,100 Laramie. District 6,070 Others ~~ 3,250 Total. Wyoming - 62,400 62,820 Montana— Cat ‘Greek’ --..._- 3,400 3,600 Total), Wyoming and Montana 55,800" 66,420 PRODUCERS & REFINERS START WORK ON LARGE ‘WAREROUSE AT CASPER Completion of igements for a huge warehouse ani the unloading of supplies at the location east .of Cas- per’ by the Producers and Refiners corneration here yesterday gavé_ rise to @ ramdr whieh was circulated <free- |. ly f/basiness and market cirelew tilt this organization, a subsidiary ofthe. Praigie Oil and Gas company,; was conte ing the immediate: crection. of @ refinery, f Effortsto confirm «the -retinery: ri- mor were unavailing, despitelthe. fact of Billings near the town o drilled a gasser and a three-barrel ly 9 and suspended because of lack of | Boston- Wyoming funds before giving the field a thorough test, is now an early pe ath prospect. ‘The Shower Ol! and Gas compan: which flled articles of inoprperetion with the county clerk and recorder, steterday, has taken over eases on ryproximately 4,000 acres’ in uhis fletA j from. Fy W. Schauer of, Laurel; and Proposes to inaugurate a drilling cam- Peign in fhe near future, it was an nounced today. ] Huntley Well in Hard Luck. Buckling of the bottoin joint of fhe “s-inch string at the Huntley well of the Gladys Belle in 36.1-37, three- quarters of a mile from Huntley, is | holding up drilling operations © there; t was announced today Slow Progress on Mosby Well. } While the -work of deepent the Frantz-N.. well in section apts 30, by field. across thé Musselshell from Cat Créek producers, continues, he depth is now s0 great and the work of ‘erreaming if so slow that -ereat change to Tebort, of- | 6 The hole is now down beyond 2.200 feet, and those familiar with the for? mation. state that the indications’ are that when the quadrant ‘sand’ ts struck, a Mow of the heavier bit may’ be secured 5 Golden West Dritiing: The Golden West weli ‘in the south? east quarter of the southwest: quarter of section 16-15-30, which 4s ‘being drilled with the big rotary. miachine used So successfully in drfilin two Sure Shot wells, is: now. igen 1,000 feet and completion to. the Bec! ond sand is expected: memertarily> ats cording to information reaching hero tonight ¥ Burning Gasser Put Out. The following telegram was re: ceived yesterday from Gordon Camp! bell ‘of the Gordon Campbell-Kevin syndicate, drilling on the Rocky Ridge dome: “Sweet Grass Hills: Tapped heavy low of'petroleum gas early this morn ing. Drill going just into sand. Flow probably one and @ half to two milion feet. Depth of sand and eventual flow not determinable until drilled through. Gas caught fire, Flames shot a hun dred fees above the derrick, One man seriously “injured, but» good work of crew succeeded: in putting the fire out with steam jets and saved the der rick.” Bear Cat Down 800 Feet. Representatives of the Arrow Oil Syndicite,, which recently took ‘over 14); acres of the Bear Cat syndicate incthe Blatk Butte district. report that the Bear<Cat well #s now down 800 feet. ‘ “New: Operation in..Sapiduan: — _The /Slickhorn Oil eompany is the stPsty organization to start. work jn ‘the San Juan field in. Utah, The’ company is composed of Mon- fcello“and: Blanding people who have taken ‘over 16 groups ‘comprising 680 that. Denver papers: carrig@ stories of | claims on-the north) side of: the San the ‘new refinery purport: to(tome |Juan and along the Slickhorn ‘creek, from the*Producera and Refiners head- The, ‘claims were locdted under the quarters in Denver. | ¢ Headquarters of the company; here yesterday stated “we cannot the; refinery story just: yet)"/and-ex- ‘Cid Placer mining law and it ts neces- garyito do the. annual assessment ‘ponfirm {thereon before the first of July. Some 15 men and teamstrecently plained that the unloading of ‘sup-]went into thesfield to carry on the plies ata lease TS. Brooks, was merely. for’ the operations of the company in the: Salt Creek and’other fields of this victall, ———Tribune Classified Ade. Bring Results—__-_ recently secured: from jarintial assessment work. ~~ Wildeat-Makes Progress. ‘The wildcat well which Harry P. Hynds of Gheyenne, is sinking in Shirley basin, about 40 miles north of Larantie, is-down 700 feet. FURNISHED BY T Ground Floor Oil Exchange Bldg. ‘TWO PROJECTS AFFEGTED LOCAL OLL STOCKS. } Wyo-Tex. ..... fhe Cusper Dalip Tribune Wie) GHAIN PRICES | AYLOR & CLAY ARE ERRATIC Phones 203-204 er; other grades lower higher ees < Market M jp and Down at}; up: stocker Amalgamated Royalty 04 06 | Western Oil Fie! 16 19 |Market Moves Up an Do te. to histnt feeders American wO% 00%! OM ........ abo Te 21 Opening, Rust and Cool Atlas... OL 62 | NEW YORK CURBS CLOSING / | Dts 5,000 head; market Bessemer . aT 20 Asked Weather Reported | > S80 higher than yeaterday's 9 65 8.25 Toes Indian 20 Bro 4 CHICAG' 16.—Ope 29 wt out yesterday's closing» fig d . wheat market was cas } but soon developed Rad pe A eine started at $1304 > 00% PP Nog peal $1.32% to * \ Elk Basin 6 lower 38 | Okmulgee yearlings around 25¢ 93° | Aen _- 1. was busing of July.and s strong to 25c higher: 33 | Cities’ Serviée Com. 108.00 September at 2v Wifference 25e higher 706 -\s. 0. Indiana ., .- $6.50 buying of September a — os | NEW YORE STOCKE December. Under this dealing price Denver Quotations. ors mies phy iuctuations became so rapid that the peer ea san {Mexican Petroleum: ..$103.00 f no chahée:, beét 17 || Simelaie Ou 29.00 ws and heifers, oe || Texas. Oil...” 33.69 t news included cooler 0G 10.00; stock Hutt Lak “oo | Pan-American Pete 49.00 over the grain belt and fur-| 3 bulls. Era . oa) Oa States ao age 73.00 ther reports of. blight and black rust ichey *)5 | Union Pacifie HL R.}.. 118.62 + nm Manitoba. Hogs eceipts none; top, $10.15; - . o The weaker tende: y. persisted D is, 1.50 85. Lance Creek Roy “oa FOREIGN EXCHANGE. line, tase O€ Support ghcdaaiines uot | meee ee et 605 heats” mar Iuisak Royalty 06 | Sterling |toward the end the® support. ce ket steady; lari. $9.2510.00; ewes Lusk Petroleum. . 04 |France the close was near the low point $4.00@4.50 Mike Henry saber’ Mountain and Guif- .. Northwest Outwest Picardy c Riverton _Reftg O5 Roy. and Pro. te Sunset -...- - 02 03 | Tom: Bel! Roy. ereh208 04. } Western Exploration . 1.40 2.60 Wind River Refg. .... .02 o4 | Wyo-Kans U ODE OL. MARKT Marks Lire Call Money .. see wound up at $1.2 29 . 457% | tember at 1.30% .»% Per Cent|ber at $1 isteiz0|and main tained this position through first hour 3s TRADING DULL 7.12 Opesing prices Wirst 45» Ee of rtually 1 from yes Second. 4s °+.:. close with Jul : Sep-| First 449 62@62%c, and December. 61| Second 4s There was some selling |Third 44s resting orders at around 63c for Foyrth 4\s commission se | ' ' Vietory: 445 and the option ad-| 0 throughout Attendance of Members Small at Grass Creek ~$1.00 . Rock Creck stre rh iy th tg E Torchlight 1.00] Sait Creek Ag r Opening Today of Weekly Elk Rasin 1.00] Big Muddy shared corn's. strength. ©The | Short Session ‘Graxteatt — TARE PASE. Bukte was even with —verterday’s | : Lance Creek 5} Hamilton Dome nals; September heing 41%" te al Se. Lander ~~ 35) Mule Creek ~~~ r ions were higher on the eon. Dealings on my | hulee tn) hog “wrices. «tthe were at the Rest grades of hogs! were the| lowest Colurr oven for in than three | short ek-end ses: The ton TAMPICO RESTS UPON MEXICAN VALUATIONS | TAMPICO, July 16.—It is reported that the exportation policy of Amer jean oll companies will be based upon estimates of the Mexican govern -ment’s valuation of pil for the two months of July and August It is aid that if it is found’the companies an export oll’ at a profit, the ship- ment of petroleum will ‘be resuméd. Ss nerd cee ha a 58 HEFINERY CONSTRUCTION AT GLENROCK HELD UP, In line with the retrenchment pol {cies which have" been put in’ effect ®t the Casper refipieties, the Mutual Refining cpmpany, plant. at. Glenrock plans, suspension of a construction program which was recently undér- taken to increase the capacity of the plant to 7,500 barrels daily. With this arrangement in effect the Standard Oil company which planned to erect a Burton process plant near the Mutual to handle second run oil will not complete its plant until con- ditions in the oil market have righted themselves. It is officially stated that the Standard has purchased the neceasary stills for this work but that other equipment omers and construc tion plans have been held up indefin- itel -.__ Kellly-Springfield/ Tires Corner Center and Fifth Sts. OIL CITY AUTO SUPPL 4Al2 East Second = ovae ie Y CO. Phone 1112 There is no longer any reason to be con- tent. with less mileage or less service than a Kelly-Springfield will give you. Kellys now cost no more than other standard tires. : Phone WHITE MOTOR TRUCK CO. 165 So. Ash RAY’S_SERVICE STATION, WEST YELLOWSTONE. DIL EXPORTATION FROM “New Type of Man ¢ Up» 154 | was aiar throug and ribs started 2i%e equipments and steels showing. fur Will D 7 t oe ther heavinoss.' Reactions in these u ominate Cosing Quotations. lispuee: ranged from ¢ toa ‘points, At CHICAGO.» July; 16.>-Wheat-Sep- | antic. Gulf, common: and’ preferre C t Cl . 4: Decembor’ 1.34% Standard Oil of w Jersey and som September Yecember |of the railway coalers showing occa OUNETY; COETTE), scorn Sete jpeg ET TAS AI Se “Oats-—Septer 5 A2ihe December | Heved ‘the tension In part | The si ty 18.55 s ember | matec 05,000 shares SBATTLE, July 16.—A new. type the Ju $18.55 ptember} ated 1 shares, ee ing to appear in the |e land—September $12.1; October} NEW ;VORK, July _.16,—Trading United will prove hardier $19.2 ‘ was almost. at Standstill at the physically and mentally than any|"' 5; September $11.2: October lopening of today’s stock market, The fhitherto seen. in the opinion’of TL. Wi} 4141 attendance of members .on the floor Rogers, president of the American} cles of the exchange was anustially smal}, section of the Theosophical kociety, Provisions. Only the more ‘popular issues wer quoted within the first half hour and of which celegates to the Thirty-fifth | CHICAGO, July 16.—Butter—Re annual convention were arriving here t# 15.801 tubs today. . Receinta, 19.000 ence 3 Mr. Rogers predicted that” when pS grraa! A incisal the new type dominated. the country Potatoes “strikes “between capital and lakor; ro ST TTERY SHICAGO, July 16—F economia depression, widespread | CHICAGO. uly 16.1 ORAGE > BA poverty and international discord: will | Sus AU care) Maret Sretie Cacainn { “Ocets Lass per Morth of Serctoe” cenké te exist.” in, $5 , | white rome: sacked wt | \ About 350 delegates, representing Se eet Be B eyeryenection of the United’ States.) HIDE INSPECTION ENFORCED. Casper attery Are expected tolattend the conven: —— Co tion, which _ will continue . until . uly 18.—M. EB. Pick mpany July ; és ary of the Wyoming state = board of livestock comm rs, to Pp. Berry has returned to his|day annotinced that hereafter the new 508 E. Yellowstone home at Fort Morgan, Colo. after at-| hide inspection and disposition statute Phone 907 tending the her: Odd Feliows convertion sd by tHe last legPlature will NEW. PRICE $1335 $1335 f.0,b. South Bend / IHE remarkably low price of the NEW LIGHT-SIX is due to quan- tity production, low overhead, small profit per car and the fact that it is completely manufactured by Stude- baker in the newest and most mod- ern automobile plant in the world. : Casper Supply Co. 913 * Phone 908 This is a Studebaker Year SMITH MOTOR SALES CO. NEW PRICES OF STUDEBAKER CARS f. 0. b, Factories, effective Jane Ist, 1921 Coupes and Sedans Teuring Cars and Roadsters “SIX 2-PASS. ROADSTER. $1300 SIX TOURING okt 1335 2 PASS. ROADSTER. 1585 ALL STUDEBAKER CARS ARE EQUIPPED WITH CORD TIRES canners, | ary’ $ PAGE NINE ° i Fal American . tober 1 : Hotel ; NEW YORK r 5 A. LIKELY, Prop. ; jah Clean Rooms, Beds and) | | Baths. Hot and Cold : Water in Every Room? SPECIAL WEEKLY Irregular cables, $3 Demand steriing RATES Entrance Through Amer- ican Cafe. 244 South Center St. ee re ree errr. Lire—Demand. 2 " 5 Geckos Daakoass Half Block North of C. & N Greece—Demand, 5.45 W. Depot Sweden— Demand, 2 ALWAYS The Car Supreme The Essex is three yeats old. Three years of brilliant success. The Essex is being built now as it was built three years ago. WHY? Because it has been tried under any and all conditions and proven as near perfect as cars can be built. Stood up under any and all tests. From an economical standpoint the Essex car is the peer of them alli. 42 Essex Cars in Casper ASK ANY USER Names and addresses gladly furnished. Let us demonstrate the car. You will decide. ESSEX ALWAYS B ; : - ‘4 ,) e | RN XnHt | iL, > MOTOR TRUCK & CAR SAL CASPER, WYOMING. fs ae | Corner Second St. and Yellowstone Ave. Phone 1406) ; CASPER, WYO. ie | Why swelter in the heat when you can buy a good car for a small amount of money and get | out in the cool hills and where the fishing is good? A small cash payment and balance monthly, | Each of the Following Cars Are in Good Condition and Ready to Go j BUICK—E-49, repainted and over- hauled. : | MAXWELL—1919 model, in excellent ‘ | mechanical condition; practically new ' tires; the best buy we have had for F | some time E tA os ~1 o | DODGE—1921 touring, new car, at bargain. MAXWELL—1920 touring car. ; SAXON—Six-cylinder touring ___$425 DARK ROADG CE _JSALES ERVICH a 2 | AND