Casper Daily Tribune Newspaper, July 22, 1921, Page 5

THURSDAY, JULY 21, 1921 WARKET GOSSIP AND FIELD NEWS) ° ° ° 2 ‘ LOCAZ OIL STOCKS. . Suspension of work on a number of Midwest operations! Amalgamated Royalty .0« os | in various fields of the state and the absence of completion m|4™<fican .... - OO = 00% any fields wore the outstanding feutures of the drilling report | SE8%_.. a = } pany for thi Bessemer ..... a 20 | of the company for the past week, | Boston-Wyoming 69 64 Shutdowns and suspension of operations were marked in|Bis Indian . a0 Bt nearly every district where operations are being conducted. |BUck Creek - 16 1s Following is a report of drilling operations: angie = m4 Salt Creek. 26-A,. NW% section 30-40-78, 195! Blackstone Salt Creex. 38 ‘32 AX, NW section 2-39-79, 1,547 ree drilling, sat, 3 Capitol Pete 00% 00% shut down top second sand. canee SW% section 7-39-78, 75 feet. /Columbine 15 18 34-A, SE% section 15-40-79, 1,725 x ‘ ae ! 39 91 teat, ‘eos aug? z = pees section 25-40-79, 390 Bo = 36-A, SW section 7-39-79, 2,282] 13-A, SW section 25-40-79, rigging oe fo feet, shut down top second sand. mp. j 04 rh | 31-A, NW% section 1-39-79, 1,815 Big Muddy. E. T. Williams “40 “4 | feet, cement setting. Well 20, SE% section 3-33-76, 1,140/Frantz 180 © 3.00 | 3-A. SE% section 30-40-79, 1,985 | feet, cement setting. {Gates o 15 AT feet, cement setting. ‘ | Well 7, NW% section 7-33.76, 810) Great Western ret.... .04 06 4-A, NB section 22,40-79, 1,610} feet, drilling. | Hutton Lake 7 02 feet, drilling up plpe. Well 33, NW% section 8-33-76, 1,115 | Jupiter 02 21-A, NW% -section 19-40-78, 1,917 feet, work suspended indefinitely. | Kinney 15 feet, pulling 10-inch pipe. Well 19, NW% section 3-33-76, 1,220 | Lance Creek Roy. 04 15-A, NW% section 19-40-78, 2,075 | feet, work suspended indefinitely. | Lusk Royalty 06 feet, drilling by tools. Well 51, SE% section 9-33-76, 955| Lusk Petroleum 04 2 NW section 2-39-79, 1,231 / feet, work suspended indefinite! )Mike Henry .... 04 ment setting. | Miscellaneous. Mountain and Gulf 76 31-A, NW% section 8-3 Osage Field—Well No. 12, NW% | Northwest Ee | feet, drilling. section 19-46,63, rigging up. Outwest 00% | ‘ 31-A, SEX section Upton Field—Well No. 1, NE\ sec-| Picardy °.. ed feet, drilling. tion 9-47-65, preparing to nlug. Riverton Rete. ‘ os | 6-A, NW section 24-40-79, 1,327. Mahoney Dome—Well No. 1, NWy%| Wind River Refg. 4 Sod feet, cement setting. section 4-25-88, 2,694 feet, fishing for, Sunset .-.-..- 4 cord 13-A, NEY section 35-40-79, 1,255 bit. horod ane so Can : eit | feet, cement setting. | Golden Eagle Dome—Well No. 3,| Western Exploration . 1.40 1.60 20-AX, BEY section 27-40-79, 880/SW% section 12-45-97, 3,000 feet, | Wind River Refg. pod = feet, drilling. febolir A Regain Wyo-Kans aa ae 1-A, NW% section 23-40-79, 1,185) Midway test well No. 2, 1,610 feet, WYOMING feet, cleaning out. | underreaming. $1.00 26-A, SW% section 18-40-78, 1,000| Buffalo Basin test well, completed! Torchlight 1.00 feet, drilling. gas well. Elk Basin -. 1.00 1-A, NE section 15-40-79, 420 feet,, Sunshine Basin test well, aban- 1.00 arilling. doned. 5 | | 1 ! | OIL PROTECTIVE ASSOCIATION URGED ON WYOMING OPERATORS Little progress is being made yet in forming an associa- tion of Wyoming oil operators so thai an organization of this kind can be in powerful enough position to protect the petro- leum interests in this vicinity during the period of depression. Scores of independent operators here have already signi- ed their intention of giving mora} and financial support to such an association and the plans sre with a total production of 305,000 bar- now in the preliminary stage rels of nil a day. One of the most In telegraphic communicatica with/¢crying needs of protection for the representatives at Washirgion repre-|American industry is that the average sentatives of the associatio:. to be now: Production per well in Mexico is’ 2, the instruments which are planning |500 barrels while the average produc its perfection, many stiff claims’ have; fon per well in the United States is/ set forth in behalf of a tariff on im-|4.7 barrels. ported oils, As long as operators in this coun-| Facts gathered from these com-!try have to buy royalties and taxes munications show) that Mexico ships that approximate between 20 and 30/ 10,000,000 barrels-of off to the United per cent of thelr earning, the theory States every month ot about 350,000 is advanced that a similar tax should barrels of oil a-day, This shipment be imposed=by- tax on Mexican im- is greater than the total yield of the! ports. Added to this expense is the| state of California, {fact that American wells in the main Recently seven wells were brought have to be pumped because of small in in the state of Amatblan, Mexico, production while Mexican wells with isuch tremendous production are selt- | supporting. S E E B E N | Putting on a small duty will not raise the price of gasoline, but should} lower the price as the Mexican oil ts low gravity, with little gasoline con- tent, but strong in fuel oil. Conse- quently fuel and lubricating stock nave increased 79 per cent while gaso- line stocks haye increased only 17 per cent. Gasoline is the only well to do mem- ber of the ofl family and must pro-! vide for all the poor relations. If Mexican oils excluded it would cit down fuel and lubricating stocks bring them into demand at a profitable price and take burden off gasoline SO THE PEOPLE MAY KNOW This office has in- quired into conditions in Casper, and we are prepared to give authoritative advice. An Office That spread over other products, now a| @rug on the market. Gasoline could, allowing expenses of refineries to be | 25} thousands of small producing wells |that are furnishing the gasoline for the nation. If these wells are shut down we can expect no gasoline relief from the countries now flooding the country with cheap oil, as*only 15 Per cent of the gasoline comes from these ofls, pS ee ee New Producer Jointly Owned. In reporting the completion of Well No. 9 in the Bolton field yesterday it was reported that the well belonged te the lowa-Vyomting Oil company. The San Juan Petroleum company is J intly inverested in this well w':a ‘ho; the other c ncern. The be.e which is said to ue the Liggest producer in the Bolte. ,‘ietd| which lies 42 miles southwest of Cns-| per. is }rit.g completed today fcr a text of preduction, —— pe Discount Rate Cut. LONDON, July 2:.—The Bank of England today reduced its rate of discount from 6 per cent to 5%4 per cent: Announcement of the reduction re: moved the uncertainty which has been prevalent in the money market dur- ing the past few weeks. The chief factor paving the way to | the reduction has been cheaper money, Pan} which was brought about by. the stax- nation in trade and the inflation of credits through government ing. borrow: —$_—<»—__- RAILROAD VALUATION. WASHINGTON, July 21.—The val. uation of the St. Louis Southwestern Railway company of Texas was fixed tentatively today by the interstate commerce commission at $26,029,939. The Stephenville North and South Texas was included in this valuation. cies ih Price Jewelry and watch repairing by ox- pert workmen. All work guaranteed. Casper Jewelry Mfg. Co., O-S Bldg. 3. A SARA SAR SAT Knows Its Subject thus be reduced in price. South America will be a big factor |} in the oll market very soon. Di: patches state that North Salvador wii have a production, from a shallow jby next January. depth, of around 500,000 barrels a day | Today’s Markets by Wire FURNISHED BY TAYLOR & CLAY |Prod. & Refrs. . CRBUDE OL MAREE Che Casper Daily Cribune | Phones 203-204 os | WYOTCE .c.eseveee-. 02 Western Oil Fields .. 15 a9 ¥ ou i 2h NEW YORK CURB CLOSING Bid. Asked. | Merritt 7.60 7.25 Glenrock Oil Salt Creek, new Western States den . Sik Basin . Okmulgee NEW YORK STOCKS i Open. Close. | Mexican Petroleum ..$104.50 $104.00 Sinclair Ol 20.25 20.00 Texas Oil 33.62 33.62 {Pan-American Pete 49.00) U. 8. Steel ety 73.12 Union Pacific R. R. .. 119.00 FOREIGN EXCHANGE. Sterling Francs Marks A Lire 5 sensu aliee Call 3 » ar 6 Per Cent LIRERTY BONDS. he) s-- 4 - $36.76 First 4s 87.10 87.00 87.14 87.00 91.30 87.14 93.38 ond 4s st 44s Second 4% Third 44s Fourth 4\s Victory 4%s Rock Creek - Salt Creek Big Muddy Pilot Butte Hamilton Dome - Mule Creek Six Destroyers Will Cruise in American Waters SAN DIEGO, Cal., July 21.—The destroyers Parrott, Edsall, Mac Leish, Simpson, Bulmer and McCormick of the Thirty-eighth division now sta tioned in this port, have been as signed to make «@ cruise of Alaskan water with Secretary of the Navy Ed- win Denby, Secretary of the Interior A. B. Fall and other government affi- cials early in September, according to announcement made here by Captain Cyrus Miller, destroyer force chief of staff, According to plans announced by Captain Miller, the Thirty-eighth di vision will lenve San Diego in August for Seattle. Early in September the government officials’ will board the |destroyers for a cruise to the Alaskan coast. They will inspect the Alaskan mine fields and then will board the ttleship New York for a cruise to WHEAT SUPPLY al, PRICE CUT Liberal Receipts Continue Have Depressing Effect on Market to 21.—Pred' receipts had a July ot peral nee on the wheat mark sides the need of track deliv owing to congeste¢ storage * counted also as a ne Hot weather in the vest failed to stimulate much buyinig. In itial quotatiors, which varied from unchanged figures to %c lower with September $1.26% to $1.26, and De. cember $1.29 to $1.29%, were followed by a slight rally, but then by a moder: ate setLeck all around, equently, assertions that rural consignments in the southwest are limited only by ability to get cars led to a decided downturn in values, but reports afterward that Germany had obtained $15,000,000 wheat cred- its in Great Britain, led to rallies The close was firm, at the same as ay's finish to %c higher, with r $1.26% to $1.26% and De. ber $1.29% to $1.29%. ¥ jpments of corn from to corn. off to %e advance, mber at 61%c to 61%c scored gains all sround. earish crop reports tended some ‘what to weaken the market later. Prices closed unsettled, a shade low- er to %e and %o advance, with Sep tember 61% to 61%. ats hardened ith corn, starting off to a © up, September ue king a sligh «ral advance. Higher quotations on hoys stoadied After opening gen the pre on market despite a break im lard prices at [)verpool Closing Quotations. CHICA July 21.—Close: Wheat—September $1.26%; Decem- ber $1.29%. Corn—September 61%c; December 61%. Oats—September 41%; 4c. Pork—July $1£.50; September $18.85 December Provisions, CHICAGO, July 21.—Butter—High amery extras, 3 er; ci ynolulu. The destroyrs may accom: the battleship to Honlulu. Owner Sick Must Sell | A FINE CORNER LOT On South McKinley and Hugo street. A_ high, level lot. Only $525, all cash \f| The Dobbin Realty Co., 212 O.-S. Bldg. RASS oc Ben Really REALTORS 2 Midwest Bldg. Phone 1480 Mexican production is obtained at} shallow depth of around 2,000 feet. | | If we are ever going to get back to|]f the much talked of “normalcy” let us| begin by protecting our home indus-| | ™ BANKING tags CONNECTION ; INDICATES - LEADS TO - SUCCESS Whether you are in business or not, you will enjoy the prestige which a strong bank- ing connection will give you. If you want SAFETY FOR YOUR FUNDS this Bank has it. } : If accommodation, courtesy, the. advantages of strong, dignified backing will interest you, they are all at your service here, We invite your account. COMMODATION BANK JABILITY. THE STOCKMENS NATIONA CASPER, ,WYO. BIG TIMBERS Lard—Spetember $11.97; October 25 “My wife was a great sufferer from »s—September $10.87; October | Scid_ stomach for 10 years,’’ writes 10.72 H. D. Crippen, “‘but is a different mctence woman since taking Eatonic.’” POTATOES. Safferers from acid stomach'—let CHICAGO, July Estonic help you also. It quickly Weaker; receipts takes up and carries out the excess $4.75@5.00 barrel; Kaw V idity and gases and makes the @1.60 ewt.; Nebraska, $2.10@2 stomach cool and comfortable. You California, $2.35@2.50 ewt. digest easily, get the full strength Phone 62. Office and Yard: First and Center ! tes He@29. seconds, 30 ower, receipts, 6.624 cases; | Xe; ordinary firsts, 22] @2ic; miscellaneous, 25@2 } Alive, lower; fowls; 24c; | _ Poultry ibroilers, 24@20c ] Livestock Mart | | CHICAGO, July 21.—4U. lof Markets.}—Cattle—Receipt S. Bureau 9,000; | j better gradea beef steers active and| |fully steady; others dull; prime, 975- heavy pound yearlings, $9.75; | steers, $9.20; bulk steers, jfat she stock slow; |canners and cuttrs active top | | |Response to Easier Conditions on ] NEW YORK, July 21.—The stock market made on PAGE FIVE of 5% per cent as against the 6 per cent rate CREDITS FALL Metals. NEW ORK, 21.—Copper— Steady; elec t and near t ‘ quarter, 12% Tin—Firmer; spot and near by, A $26.75; futures, $26.7 unchanged. $4.49 Exchange Is Only Casual at Opening Money and Exchange YORK, July 21.—Prime mer- casual response at toda ot conditions. > opening credit @3.50; bulls sharply lower; calves,|count rates announced yest y steady; bulk vealers, $10410.50; stock-/the federal reserve banks and today’s ers and feeders, dull. |reduction of the Bank of England rate E Receipts, 28,000; active 15¢{8eemed to impel little short covering. to higher than yesterday's aver-| Mexican Petroleum lost 114 points at jage; mixed and packing gradca up|the outset and heaviness was shown most; top, $11; bulk better grades, ;?¥ or e —_ as cage $16 O11: bulk pecking, eeu. SO tren 5 0t fo0d - jemaes.’ Firmness 9.35: pigs. $1ic to 25e higher; bulk, Marked trading in Reading. desirable, $10.25@10. | Unitea s Rubber and American 3 - Tobacco. Foreign | exchange was aoe ence tg aan. | unsettled, with British demand stealily to strong; early "| bills at $3 Montreal, 11% per cent discount A19.90;, Dest natives, 10; cull nativests ‘Trading 1 into extreme du Time loans uly; all 6 per cent. mostly’ $6; sheep and yearling®li csc during tha tw:ninc. th: frat! Cal xe alors’ hig, 64Ls toes steady; good western yearlings. $85 |i ours CME TAbiy heleerl 534; ruline 136 1 eloaiiag Wel fat native ewes mostly $3.50@3.75. | 09 000 at otferes ast; loan, 514; bank = | further ceptances ‘ Denver Quotations. in acceptan — ly 21—Cattl 1 = DENVER, July 2i—Cattle—Receipts| Froyal Dutch deci Silver. 200; strong: beef steers $6.75@8.25;| Steels and motor accessories includ-| NEW YORK, July yearlings $8.50@9.10; cows and helf-jing rubber shares. continued cdse.| domestic 99\c; foreign, 60% c ers 35.00@6.00; calves $5.00@8.00;|Changes among rails were al’ Sokican' Gollare, 48%6c bulls $2.00@3.50; stockers and feeders/@ivided between fractional gainis an‘ = $4255.25. * < losses. Call money reflected the low-| London has nineteen King streets EYE ote a8 eg 2se higher;| er discount rates at an opening quota-'and thirty-four Queen streets. top $10.15; bulk $8.85 00. = — - Sheep—RFgeceipts 1,900; market | steady; Ia: $8.75@9.75; ewes $4.00 @34.50. eee ees The size of the brain is no index to its mental capacity. The heaviest " brains on record have been those of low intelligence, while many of the . world’s cleverest men have had brains well below the average in weight Acid Stomach For 10 Years How a Different Woman EarnestlyPraisesEatonic from yeas food, feel well and strong, tsee from bloating, belching, food repeating, etc. Big box costs only a trife with your druggist’s guarantee. The Nicolaysen Lumber Co. Everything in Building Material A SPECIALTY FARM MACHINERY, WAGONS ANT SANSA A ST 2 SST Another _. And What Effect It Will Have Upon the City Is a Question That Can Have But One A BIGGER and BETTER CASPER We are optimists and believe this to be a fact and so again call your attention to the many advantages offered in our Country Club addition where choice home sites are being offered with ample water supply and graded streets adjoining city park, for the small payments of $25 to $50 down and $12.50 to $25 per month with an ab- Answer. stract for each lot which guarantees title before you buy. CALL 555 FOR AN ENGAGEMENT AND A CAR WILL CALL AND TAKE YOU Act Now and Take Advantage. of the Low Prices an Gorden Investment Co. TMA TO THE ADDITION. TRIBUNE TAA (ATT BUILDING FES a TTT AVAL TAA CLEARANCE EVERY HAT IN STOCK AT TWO PRICES $2.90 & $5.00 SWANSON SISTERS 113 East First Street Opposite Masonic Temple nee eeccerescccscveccecscocce: Preorrer ee —S Get Your Ford Overhauled for $25 Reduction in rent enables me to reduce my prices. From now oi I will completely overhaul any Ford motor for $25. Work of any description on any other make of car cut in proportion. Remember all of my work is fully guar- anteed so you can’t lose in trading with me. W. B. SANDS BETTER AUTO REPAIRING Phone 1692 430 West Yellowstone Ave. “HOLMES TO HOMES” WATER BAG SPECIALS If you are in need of a water bag, now is the time to get it. All open top, sanitary Red Seal:and Desert bags— Regular Special $1.50 to $1.65 Holmes Hardware Co. A Baby Bond Store. Phone 601. oa A vee were reer ere ry err eN TY ON Terr TITY yYTrrTITEY 6 Snr ee ed