Casper Daily Tribune Newspaper, August 3, 1921, Page 7

| | { WEDNESDAY, AUGUST 3, 1921. MARKET. GOSSIP AND FIELD NEWS| GAS STRIKE WEST OF SALT GREEK A gas strike, of comparatively minor importance in itself be juciaiee possibilities of working greatly we the aiventane Casper, was reported yesterday by the pis in which the moving spirits are E. Comet Oil di- O. Houck, Frank Spangler, George Heimerlinger, John Wheland and R. M. e. In the strike, a producton of 1,- the strike however is in the favorable in dications which this strike holds for development of a vast arca of land, once thought tobe valuable as a pro- @ucer of ll or: gas. in commercial quantities. The strike was made on section 31- 40-80, known as the Government Hill structure and the producing sand tapped at a depth of 615 feet. For many years tests of varying degrees | of success and failure were made in the Powder River and Dugout creek country which Iles in the vicinity of the new development. Water wells in various formations | caused many operators to loose faith in the district but the confidence of the Comet interests was unshaken and new development started. The gasser was opaned f:om the third Wall Creek sand. With this showing in their favor the Comet company backers are now confident that the Takota formation which underiies the third Wall Creek at a depth of about 1,500 feet should be @ ptoducer pf oli. The new" prospect which is now a conithercial /gasser lies about 14 miles north of Thirty-Three-Mile and eight miles west of Salt Creek. It les con- jous to- the developments which re conducted in yarious parts of the Tisdale, Power River and Dugout creek countries. The syndicate which is responsible for developing the property controls 3,000 acres in the vicinity of the well. Tt is a unit company and all stock is clostly held. Wildeat Rig Going Up. | The Siympic Oil company is mov. ing a rig to the Bonanza structure fn the vicinity of Lovell and will Start as‘soon as possible to drill down fo the Embar sand. Roth the Olym: pic and the Hallman: and: Mitler com: panies ‘are said to have made prepa. rations, to start large holes. Oil Found in Sage Creek. } Oil was encountered in the Sage Creek field by the ‘Washakie ‘Syndi- cate last week according to. reports feceived here from Riverton. © ‘The Sage Creek field by the Washakie, And if the report is true will mark the development. of.another oil field for Wyoming. It is reported that the ofl rose in the hole to within 100 feet of the top when the sand was opened j DPivb: Sands: by Casper, Test... THe well Which Is being aniied on the Caflson ranch south of Casper jointly by the Four States Oil and De- velopment, company and the Ryasac Investment company is temporarily shut down while five-inch casing is being eset before drilling into a for- mation that will be the first real test of an oil formation in the hole. According to the statements of Charles B. Griffith, superintendent of drilling, five stray sands have already been enc of «which were dry, rayid the. eerie lt uy showings ef gas an¥oil. Mr. Griffith believes that the oil will be° developed in tho'first. sand which is’ being made ready for. pone- tration now. The testis being watched |' slesely by many local interests’ and devel it ofa ‘good well, according to Mr. tH,” yea ‘Mean town lot drilling arid greate oil “excitement than Casper re ever seen. ‘Rétinery Material Assembled. th preparation for the refinery erec- tion campaign which the’ Producers and Refiners company wil undertake shortly -on its property east of Cas- per, material of all kinds that will be used in the plant are being picked up from all availabe sources. The company has just completed a deal with the Texas company for the purchase of tanks and other supplies which were held by the Texas inter- ests at Riverton. It will probably take about two weeks to move the Supplies from Riverton to the location east of Casper. Few Charters Issued. CHEYENNE, Wyo., Aug. 3.—A po-| Fran riod of nearly three weeks has élapeed since @ corporation charter has been granted by the state of Wyoming. There has been no applicant within that period. The rule prior to a few months ago was that several applica- tions could be oxpected dally, and on some days the number ran as high as twenty. One result of the lack of cerporation fiimgs is thac tke re ceipts of the secretary of state's office have fallen cff materially President Gets Genuine Rest At Home of Weeks LANCASTER, N. H.,- Aug. 2. President Harding found today the séclusion and easement from cares of office for which he has expressed a desire so often since he became chief executive, As a guest of Secretary Weeks at his country home on the summit of Mount Prospect. the presti dont and Mrs. Harding with a party of friends began a day of ‘rest, a vaca, tion which if to last uotil the end of Lie Week at least. A closed private road is the only approach to théir retreat ‘and a tele. phone four miles away at the foot of the mountain fs the nearést connec tion with the outside world, It is expected that their only trips outside the Weks’ estate during their stay here will be to nearby golf courses and for short motor rides in the White mountains. » NOTICE. Notice is hereby miven that J. Ww. Ramsey and William J. Ramse: sold to Jim 1D. Parftis, “house, household effects situated on 14 and 15, Midyweat addition. JTL TET EY it’ ‘Oil Well Failure: Turned:to Good Use by. Rancher GILLETTE, Wyo., Aug. 3.—Ed- gar Hardesty was disappointed some months.ago when an oil well. which wat drilled on. :his ranch property, turned out.to be & water owell. Un’ daurited begause he was_an: optimist! Mr, ‘Hardesty! reckonéd.- that tho: water would conve in handy for ‘his stock. “Recently .g more brilliant \ idea: ‘formed’ in his mind when he learned / that gas was éscaping from the hole. Now the once regretted pro- duction® is lized by Mr. “Hardesty: Loy, heat. home, furnish lights and: other. eseentials besides provid. ing a quantity of frésh pure water. Mr, Hadesty had constructed a circular concrete base around tho well and put on this over the well a’ floating gas tight receptacle sup- Ply is then piped into the house and furnishes not only Mght but- “fuel and_heat --As regards financial matters is to be inde- earn—it is the basis of INDEPENDENCE The Casper National Bank pays 4 per cent 32 Years of Service: Casper National Bank i CASPER, WYO. Under United States Government Supervision. YOUR NATURAL IMPULSE z ~ pendent. >You want to reach the point where you will ; = know that you have enough of this world’s ‘goods to keep you and yours in the future. * Practice THRIFT—spend less than you on Savings and solicits your account...» May We Serve You? + stoximately day’s Markets by Wire Che Caspec Daily Critune FURNISHED BY TAYLOR & CLAY Ground Floor Oil Exchange Ridg. Phones 203-204 > LOCAL OIL STOCKS. ) Wyo-Tex vo aed 03 Amalgamated Royalty .04 og | Western Ol) Fields)... 18 20 Ameri¢an 0% /¥ Ol ,... 18 NEW YORK CURB CiAsING Asked Merritt \$ 8.00 19° |Glenreck Oi Bad 18 [Salt Creek new 10.87 19 | Western Statee 30 04 Prod. & Refrs. 3.2 Blackstone-Salt Creck | 39 | Cosden Capitol Pete ‘ 0% YEIk Basin Columbin > 18 | Okmulgee Consolidated 1.05 jAten -- 1.08 Chappelle 35 [Cities Service Com .. 118.00 120.00 Cow Gulch 06 |S. O. Indiana ........ 70.37 70.62 eee > 08 NEW YORK STOCKS ar Open. Close. | a Mexican Petroleum ..$109.50 $107.00 | . Sinclair Oi 20.50 7 ease « “17 |Texas Oil .... 37.00 36.50/ Great Weetern Pet. 6 | Pan-American Pete 51.00 50.25) Hutton Lake lu. 8. Steel 75.87 _75.37| ba 2 |Union Pacific R. RK... 123.00 121.75] Lance Creek Rt og > epee EXCHANGE. | Lusk Royalty 0g » [Sterling f : Lusk Petroleum. | [eran } Mike Henry “04 Marke cae Gut oe Call Money . -6 per cent) Outwent 00 LIBERTY BONDS, Picardy 06 Das “ Riverton 6. O8 [First 4s Roy. & Pro. 10 [Second 4s Sunset 08 |PFirst, 4%s Tom Bell Ro; 03 |Second 4\s5 Western Exploration . 1.60 | Third 4%s Wind River Refg. 02 |Fourth 4\s Wyo-Kans. 1.00 /Victory 4%\s WroaING CRUDE OIL MAKSE: | Grass Creek -$1.00 Hock Creek bed Torchlight 1,00} Salt Creek — a0 Elk Basin. 1.00/Big Muddy - 50 Greybull 00)Pilot Butte 65) Lance Cree! 95|Hamilton Dom 85 | Lander . - -35)Mule Creek -... “a FRENCH DENY NEGOTIATION OF RUSS DEBT PARIS, Aug. 4.—Repotts that ne gotiations for recognition of the Rus- sian debt to France were imponding| which have been in circulation several days, wore given officiai de-| nial today. The denial seems to have been prompted by a circumstantial state ment, declared to be on reliable au thority, printed here this morning that such negotiations bad been be-| gun Jast night by Louis Loucheur, French minister of Liberated Regio and Leonid. Krassin, Russian soviet minister of trade and commerce Béfor thé collapse or: thie azarixt re- Fime in Russia, that government had contracted a debt to France of ap $5,000,000,000. ‘The err Siki refused to. acknowledge this debt. pe SaE aN San peace Several hundred eminent. chemists from ail parts of the British empire are expected in Montreal the latter part of August te attend the confer- ence of the British Society of Chem ‘teat Industry. Fol: | Co-Partners In Fraud Scheme Without Funds| CHICAGO, Aug. 3.—An involuntary petition in bankruptey against Harri json Parker, N. A. Hawkinson and John Coe, named as copartners in {oF tne Co-operative Society of America. . was filed in United? States district court today. The petition was in be half of three persons claiming they had been induced to buy stock in the society and who said the stock was worthless. William Hartman, Sarah Smith and Alec Cy Friedman, the complainants: allege that they bought the stock through fraudulent misrepresentation and seek to recover the amounts they paid. Geologist: Oil Expe:.3 GRAIN DEMAND STILL STRONG Limited Rural Offerings Con- tinue to Boost Prices of Wheat in Mart. CHIGAGO, Aug. 3.—Wheat dis played some firmness today chiefly as; ® recult of continued shrinkage of| rural offerings. Export demand, how-| ever, appeared to be lacking. Gen- eral trade was light and the market easily influenced, Opening quotations | which varied from ge dectine to 1c| advance with September $1.24% to $1.29, were followed by slight gencr- 4) gains and then something of a re- | action. Subsequently prices took a decided downward swing because of a dearth jot buying orders. The close was heavy, 1%e to 2c net lower, with Sep-| tember $1.23% to $1.23% and Decem-} ber $1.25% to $1.26%. Corn remained easy owing to the better supply of moisture. After op- ening unchanged to \ @%c lower, in-| juding September at 59c to 59\c, the} market hardened a trifle and then sagged again. Prospects of larger receipts within the next two weeks counted later as a bearish factor. ‘The close was un- settled at %4@%C to BE%Ke net de- cline, with September 58%c to 58\c. Oats were strengthened by bullish estimates of yield. Prices opened un- 2 | Changed to %@c off but then scored & general upturn, Provisions averaged hogs lower with Closing Quotations, CHICAGO, Aug. 3.—Close: Wheat—September $1.23%; Decem- |ber $1.26% Corn—September 5K Oats—Stptember le 58540; December 38%; December 4 Pork—Septemhber $18.85. Lard—September $12.30 Ribe-—September $10.80, October $10.65; October Potatoes. CHICAGO, Aug. 3. - Weak for barrels; Potatoes — others firm; re- Missouri, $1,751.85 cwt: Kaw Val ey. $1.10@1.50 ewt; Virginia $5.19@ 5.20 barrel Provisions. CHICAGO, Aug. 3.—Butter—No ses sion Eges—No session; reesipts 10,054 cases. Poultry—Alive, unchanged —— Livestock Mart CHICAGO, Aug. 3.0 jor Markets.)—Cattle—Receipts, 18,000; better grades beef steers strong to loc higher; other grades and « steady; top yeaflings early bulk beef steers, $709.50; bulk fat she stock, $4.50 canners and cut- ters largely $2.603.60; bulk bulls, $4.50 @5.75; veal calves largely $949.50. Hogs — Receipts, 18,000: opened steady to strong on common grades; last slow and mostly 10c to 15c lower on ali grades; top $11.55; one load early; bulk lght and light butchers, 311.15@11.45; bulk packing sows, $9.50@ 9.95; piga weak to 10c lower. Sheep— Receipts, 10,000; lambs. strong to 26c higher; sheep weak to 25e lower; feeders steady; native lamb top to city butchers, $10.50; packers to pearly, $10; Idaho and Washington lambs, $10.50; Montana wethers, $5.35 some held higher; good feeders, $7.60. Denver Quotations. DENVER, Aug. 3.—Cattle—Market slow, dull; receipts 300 head; beef steers, 35.50@8.00; cows and heifers, $4.50@7.00; calves, $7.00@8.75; bulls, $2.60494.00; stockers and feeders, $4.00 @i Hogs—Receipts 300; market steady; top $11.00; bulk $9.50@ 10.60, Sheep—Receipts 1.500 head; market etrong; lambs, $8.50@9.50; ewes, $4.00 4.50. ee ET Silver. NEW YORK, Aug. 3.—Bar silver, domestic, 99%c; foreign 61c; Mexican dollars, 48%c. ———e—- DR THOMAS J. RIACH, Physician and Surgeon, Has moved his office from 305 Mid west Building, and is now located in Rooms 304 and 306, O.S Building. where he can be found during the fol lowing hours: Week days, 9 to 11 a. m. and 3 to 6 p. m.; Sundays, 11 to 12 m. Evenings by appointment. Phones: Office, 1219; Residence, 793. ctipts 62 cars; Jersey cobblera $3@ Oil Field Maps Blue Prints Explorations Reports NY osm ees & Blue P. O. Box 325 Rm. 10, Lyric years as one of Casper’s chanics. Automobile owners who w: erate prices come here fo: Phone 1473-2 OUR REPAIR WORK Is increasing every week, particllarly since we have ,, added to our staff, Joe Bauer, recognized for seyeral Anderson Automotive Co. leading. automobile me, ant, careful work at mod- r guaranteed repair jobs. 500 East Yellowstone Corner Fifth an For the Motorist I have just received a new supply of all-sizes of Brunswick cord and fabric tires and innertubes. Also luggage eriers Boyce service units and auto access- ories.' I also carry all high grade oils and gasoline. ‘Center Street Filling Station PAT ROYCE, Prop. d South Center you see with esting story about Tires ever since. year. When these men his car. Ask him why. Most likely you'll hear an inter- ments—before the answer was found. Money wasted. Promises unkept. Trouble on the road—hu- morous te every one except the man who went through it. Finally U. S. Tires. And U.S. Perhaps it’s the experience of U. S. ‘Tire buyers that makes them more em: phatic in their preference than ever this C. W. GREGORY Casper, Wyo. THE U. 5. NOBBY TREAD ‘Where the going is specially heavy with snow, mud or sand, in hiliy country where mazimum traction on the road is a factor, no other tire tread yet devised is quite so effective, or so wholly approved by motoring opin- ion, as the U. S. Nobby Tread. Its very simplicity—three rows of disgonal knobs, gripping the is the result of all the years of Rubber experience with every type of reed the world over, tha to experi how much TOP and talk to the next man bargains”, tinued lines U. S. Tires on his tire experi- back it up. There are S. Bureau | everything by the way of “hurrah discounts”, “discon- know what not to get. They want a fresh, live tire. With a good reputation. That's everything it says it is. With the people behind it who Your local U. S. Dealer is drawing upon them continually to keep his stocks sized up, complete—to give you service. ! ANIL STOGKS ~ IRESTRONGER Effort Made to Revive Bullish Trend ;.Many Specialties Advance in Price. up railroad shares again ¢ at tt Business expanded and gains extended under the impetus of led covering =movemer signs of improvement in dustries and the confident absorption of railroad shares intimidated the bear faction.. Belief that the admin istration plan for relief of the rail roads would soon be completed and the more favorable character of were hur for the railroad list Buying s to your place of busin NEW YOR Aug. 3 Stantial advances were Tgited wh Standard railroeds turned weak and) } liquidation was' resumed in specialti of doubtful earning and dividend pros pects. Salex approxima m shares. The closing was heavy NEW Y¢ Traders bid outset in an effort to r ging bull speculation elsewt - adian Pacific, Soo and St. Louis and Ban Francisco preferred adva 1%, Great Northern a Norfolk Western 1, and other repre ative iesues substantial fractions Bu: back of stocks became quite gener. in other portions of the lst later with thé oil, tobacco, ga r, st and motor groups rising t points. United Drug was nl quidated, falling 2 point wh alos hol lost half as much. Definite the — June earnings caused a broad demand ————Tribune Classified Ads————. ring Results. Money an Barly. subd-| ni Vieniaie’ 33 il Metal Mar' YORK settied: electrolytic |2e: late NEW pot and nearby : unchanged Load—Steady; spot, $4.40. Zino—Quiet; Bast St spot, $4.2004.25. Antimony—$4.50, ante Attention Deaiers HONEY! No reason to risk breakage and leakage in transit. I will deliver either FANCY COMB or strained in paiis Market will govern price. WILLIAM MOSTELLER P. O. Box 1105, Casper 3.—Copper—Un- pot and nearby, Louis delivery road— U.S. Save “staggering at less” and so forth they 92 U. S. Factory Branches. Whenever he gets one or a hundred 4 tires from a U.S. Factory Branch, they are newly made this season's tires. as befits the have tried most largest rubber organization in the world. Sold to you at a net price. Full values. Square-dealing. A reputable ruaker. A reputable dealer. The whole transaction leadership of the oldest and “Stop and talk to the next man eo with U, S. United States Tires are Good Tires U.S. USCO TREAD U.S. CHAIN TREAD U.S. NOBBY TREAD U.S. ROYAL CORD U.S. RED & GREY TUBES United States Tires United States @ Rubber Company CASPER MOTOR CO., (Inc.) THE WHITE MOTOR TRUCK CO., (Inc.) Casper, Wyo. Casper, Wyo. POWDER RIVER MERCANTILE CO. Powder River, Wyo. you Tires on hi car.”