Casper Daily Tribune Newspaper, November 1, 1921, Page 10

PAGE TEN Che Casper Daily Cribune WMRKET GOSSIP AND FIELD NEWS OnIO GETS FRANCHISE AT POWELL POWELL, Wyo., Nov. 1.—A franchise for gas distribution in Powell has been issued to John McFayden of Casper, gen- eral manager for the Ohio Oi! company in Wyoming, and the construction of lines is being rushed before the ativent of winter weather. Indications a.+ that the town will be able to use gas by December 1, good progress also having been! -| made on ©oi In issuing BRAIN NARKET = BEARISH AGAIN that the permit w: interests oll company was itself to ribution of gas to Pow Muddy Well Stil Producing When the Merrit Oil'and G | pany brought in the discovery | section 16-3 Reports From Europe Have | in the fall of 1916 there was the urua’ | scramble for leases and some fancy Marked Effect Upon Chi- | Siren were pet for acreage s com © then believed that this well was just | about the center of what would be the CHICAGO, Nov —Bearish Euro pean crop estimates counted as a 4¢) quired on all sides. Ohio Oll company pressing influence on wheat prices t-| paia $500,000 for a half interest in the{ Qutwest the early trading. The market Iso bearish affected by announce- 500-mcre tract upon which the discov ery well was located and $300,000 f a half interest in the Kinney lease acction 4, more than a mile away James T. Hurst, one of the first men in the Elk Basin field, came down to was ment that grain afloat in Buffalo ha: bor would hereafter be included in the United States visible supply total. support was slow in developing. In-} {ttal quotations which ranged from % to 1c lower with December. $1.07 to $1.07% and May $1.11X to $1.12%, were foMowed by moderate further de- clines and then something of a rally Subsequently both December and sold down to a new low 'price the season. Persistent m and lack of support ap- peared to be chiefly responsible. The close was nervous, 5%c to 6c net low- er, with December $1.02 to $1.02% and May $1.08% to $1.07%. Corn and oats sagged with wheat. Corn opened % to Kc off to Yc up, May 63%c to 55%c and then declined all around. In later dealings the corn market descended to within a fraction of the inside figures of the season. Oats touched a new low. The close in corn was steady at 1% @1%c to 2@2%e net decline with May 51%c. lease on the E% of section 16-23-76 The contest for this lease was one of the big items of news in papers at the time and it ts said that Hurst almost had it pocketed at one time for $100 ever, the deal was finally closed with) him paying the state a bonus of $105, 000 and 10 per cent royalty. thereafter the Atkinson well on th west half of t section came in water and the property looked dubious. But Hurst and his partner, Sid Keoughan, Afterwards they disposed of an inter. est to the Ohio Of] company which has since been operating the lease.| The lease has produced close to 100,-|* a 000 barrels to date. During the first | Oats started unchanged to ic lower, | eight months of 1921 its output was May 37% to Se and later showed &! 1974 barrels 28 ana general setback. ‘Weakness in the hog market was re flected by provisions. the state's royalty amounted to $2,- 200. Subsequent development proved that the lease was on the edge of the nm) inthe Big Muddy ‘eld | Kinney It was} producing area and leases were ac-| Mt bonus and a 10 per cent royalty How | ©’ | Shortly | Today’s Markets by Wire FURNISHED BY TAYLOR & CLAY Ground Floor Oil Exchange Bidg. LOCAL OIL Bessemez Big ind@iah . the Big Muddy and went after a state | Wind River Refg. Vrestern Oil Grass Creek ik Basin | Rock “River Ola cnn : Mexican Pete Gains and Loses and six months, 5% While Associated Drops Over NEW YORK, Nov. 1.—-The market again followed an uncertain! j30- course today, important groups show-| ing’ no definite trend. cos, food issues and kindred special-, jron—Steady; prices unchanged. ties, reacted. Sales approximated) Jead— Steady; spot 4.70@4/76. 6,000 shares. The close was oy Zino—Quiet; East St. Louis delivery regular. - » spot 4.60, ee | Antimony—Spot 4.75. NEW YORK, Nov. 1-—Oils’ again! oe Fits now vice president of the Elk Basin Consolidated, went ahead and drilled & well which came in with a Secy! production of 250 barrels on Jy Three Points. dominated tite stock market at Serer structure. Closing Quotations. ea CHICAGO, Nov. 1.— Mosby Extends Holdings. WHEAT— Open High Lew Cloes| yfosby. Consolidated Oil corporation Dec. 1.07) 1.07% 1.02 1.02 | has taken over approximately 1,000 1.11% 112% 1.06% 1.06%) acres on the south slope of the Cat ,| Creek anticline in Fergus county, Mon- 33 33% 31% .31N/ cana, and is preparing to put down a 53% 51% 5.58) deep test on SE% of SW% of 22-15- 29.. This location is about one-mile 3 33% 51% 31%) south of the present producing area 37% = «37% 36% BEM) and the company’s geologists base their hope for production principally on’ there being another dome in that aren. The company has made ar- rangements with the White Oil corpor- ation to use the big standard derrick which the last named concern used in ' = os: 1.4 drilling an edge well in Cat Creek May = —— —— 782 |iast spring which failed to find pro oe duction. Potatoes. pst donk CHICAGO, Nov. 1—Potatoes— Aztec Strikes Gas. The Aztec Oil company drilling on he NEX cf 20-30-11, half a mile southwest of the town of Aztec, San Juan county, northwestern New, Mex ico, drilled in a gas well estimated at 10,000,000 cuble feet at a depth of 900 feet. The location is about 15 iniles southeast of the new gis strike made by the Midwest Refining company ov the Ute Indian reservation. The gas} was encountered with the drill. only! 18 inches in the sand. This test found) water in-a sand around 600 fee: which! was cased off. The ‘drillers wiil en deavor to shut off the gas and con Unue drilling. The company is com bosed mostly of local citizens of Aatec| who also are identified with tho Mes Verde O!l company which has 1 down two wells in that district -~) had good showings of oil at a shai! depth. It is only a few miles sout of a test put down by, the E. T. wit receipts 89 cars; total United States shipments 802; northern white sacked and bulk $1.70@1.65 cwt.; Minnesota and North Dakota sacked and bulk Red River Ohios $1.65@1.80 cwt.; Dakota white sacked and bulk $1.40@1.65 cwt.; Idaho rurals sacked $1.90@1.95 cwt. Butter—Lower; creamery extras, 43c; firsts, 36@42c; seconds, 38@35c; standards, 40%4c. Egge—Higher; receipts 7,540 cases; firsts, 50@S2c; ordinary firsts, 43@46c; miscellaneous, 48@50c; refrigerator extras, 34c; SBP E SER, firsts, 33c. Poultry. CHICAGO, Noy. 1.—Poulry—Alive higher fowls, 14@22%c; springs, 26%4c; turkeys, 29¢; roosters, 1c, z Nams Of] company which developed Livestock Mart ||" = | | Oil Well Full of Oil. z RIT x | Mexicah Hat O11 company, one of | Ce ten Rene eureat | the operatérs in the San Juan district of, Markets)—Cattle’ — Receipts, 9-!in southeastern Utah, close. to the 600; quality plain; beef steere and fat| Goo at low teal! . Colorado boundary, 13 yedrs ago when! she ae slow, ride ra ing steady; | ot was fir countered, has recently top yearlings, $11 ull beef steers, | cloaned out its Hudson well to a depth 7,75@9.35; bulls steady; canners, cut: | 5¢ féet .and: the: oll .which + tera and stockers steady; veal calven| Poen standing tn the non enh Bas puenes ‘wonk 19 seatyeev ace *Jarilled in, rose to within a few feet ¥ =} = of the ton. Nineteen wells were put Hogs—Receipts, 30,000; y active and mostly 10c lower than average; practi top, lights sold up to $8.15 @7.80; pigs steady, bulk,} | market fair-) down in the vicinity of this well of these, rels the first year. Its producing izon was encountered at 250 feet ' he wells came in at depths varying 36 bh | from 250 feet to 1,350 feet. The Car. sRewdas! fer net | ter Oil company, the Monumental Oil S0GS. and to cles |COMPany, and others, have acreage in $9.15, culls around $¢,| tHe district and ze ; 3 |starting or are co Busct ite cena aa ee as titles are cleared talking steady feeder | U8coveries the field was withdrawn by 7 the government and operations ceased eae f until tHe leasing act became a law Denver Quotations. last “year. DENVER, Nov Cattle — Re- ioe, oe caipts,” 2,300; market 16c to 25c high- er; beet steers, $4@6.25: cows and heifers, $325.50; calves, $6@9.50; bulls, $2@3.50; stockers and feeders, $3.75@6. Hogs—Receipts, $00; market steady; top, $7.90; bulk, $6.25@7.60. Sheep — ‘Ree 800; market strong; lambs, $7.75@8.50: ewes, $2.50 @4.25; feeder lambs, $6.75@7.50. Sheep — opened slow, m tives to pac butchers, choice $7.25; medium Receipts ewes, lambs. $4.50; Phone 27 _ HAY, GRAIN AND FEED Best Quality, Lowest Price Industrial Ave. One} the Arcola, made 9,000 bar-| ral tests are either) ntemplated as soon | After the first opening of today’s, trading, repeating their conflict previous session. under yesterd: ciated Oi], one of the strongest fea IRONS, RANGES, WASH- tures of the domestic group in the BETTER PAIGE EXPECTED ING MACHINES AND recent active market, fell. 3% points.! / General Asphalt and Royal Dutch VACUUM CLEANERS strengthened at gains of 1 and 1% Jana Au Kinas of sman Electfical respectively. Rubbers con. ah ¥ st - - Pe ee ed to mag and rails and steels) POWELL, Wyo., Nov, 1.—With tt re irregular. ‘American Ice, Da- SENS that the petato « market We Call For and -Deliver All vison Chemical and People's Gaa fea. *trengthening, Powell farmers stand to! Work. . tured the firm to strong spécialties. The market steadied on short coy- ering in ‘the troleum made a gain of 2 points and domestic oils, were 1 to 2% points higher. With the exception of Louisville & Nash- other foreign, vite, which strengthened, ments, gas 8) | proved, but food ‘and tobacco specjal- ties were reactionary. was firm at 514 per Foreign NEW YORK, Noy. ain—Demand 3.91%, cables 3.91%; France—Demand 7.3414, cables Italy—Demand , 4.02%, Belgium — 7.14. 554. Holland — 34.04 —D Switzerland: Germany — s Demand 22. Denmark—Demand 18.55, ing movements of first hour. Mexican as well as was heavy, rails Colorado & Southern leading at a gain of 4% points, Equip- hares and sugars Call ent. Exchange Heavy. 1.—Great cables 4.03, Demand 7.134, cables Demand .55%, cables Demand 33.98, cables jemand 13.40. i—Demand 13.45. Spain—Demand 13.33. 65 WYOMING CRUDS OIL soe $1.46 - 1.45 - 1.08 stock | steady; electrolytic, oney | Phones 203-204 - #0 jX_ Ov as Western State: | Victory 4%0< MAREE Lance Creek ... Mule Creek .... Salt Creek .. Greece—Demand 4.46. Argentina—Demand 82.25. Brazil—Demand 13.12. Montreal 92 3-16. Money. NEW YORK, Nov easier; high, 51%; | loan, 5. Bie. Prime mercantile paper, 5% @5%. Metals. NEW YORK, Nov. 1.—Copper- spot and nearb; } | | later 13@13%c. the 170 CARS OF POTATOES ARE STORED AT POWELL; the Mexican Petroleum was unchanged at the ottset, but aft- er gaining a fraction reacted a point) ‘8 closing price, Asso-| realize a profit on He. district. iniprovemen' also im- Bri- And we MRS. A. W. GOONS, WIFE OF Cold Weather WILL SOON BE HERE are BEST LUMP COAL At the Casper Supply Co. Phone 913 threatened with a railroad strike. Now is the time to fill that bin. Baby Bonds 1.—Call money, low, 5; ruling rate, 5%; closing bid, 4%; offered at 6; tast/| service. 0 days, 90 days| supply is secured. Camps have been Tin—Easy; spot and nearbf, 28.00; Motors, tobac-! ritures 28, having stored a large share of the potato crop of this! ‘There are now, it is reported | s of spuds stored here and y will be moved “out gradually as THERE ARE REASONS Why You Should Visit Our Stove Dept. STOVES AND RANGES Going Out Every Day. Make Us a Visit and Learn How to Save on Your Gas Bills. Our Guarantee—Every Stove Must Prove Satisfactory or We Will Replace It. Holmes Hardware Co. (OIL STRIKERS "WAY RETURN BAKERSFISLD, Cal, Yov. 1— The district council! of the California oll field workérs Gecide@ to recom- mend to the strikers that they return \to work at once. The recommenda- <5 will be put to an immediate vote . NEW XORK CURB CLOSING. Boston-Wyoming . Bia eibing Jocele. locals. Buck Creek : | Merritt : oeee- IONS Barks Glenrogk Ott 1.37 HLL DISPUTES BILL be Tail... [Salt Creek ...... 12.87 Blackstone Salt Creek Prod. and Refis. 425 Consolidated Roy. .... 1. g39° foe 538 = ee 2 2 away perc orseers | Cities Service Com .. 182.00 pa ge in |S. O. Indiana ....... 79.75 sEDrt Dendinc 34 a | NEW YORK STOOK EXCHANGE | crevaULL, Wyo, Nov. 1—Indice- Elkhorn $ 97 : Opan Close) tions of a fight brewing between the E. T. Williams - 68 axicen 'Petroleum ..$ 9 town of Greybull and the state high: Frantz 3 + 2.18 2.25 nelair Otl 28.00 way commission are contained in a Gat 14 oll + 43.00_"°48.59 Paicpute over a bill amounting to some 22 jPan-Amertcan Pets 44.75" “ 46.00 | 2,115 recently pregented to the coun- Lance Creek Roy. 03 U. 8. Steel .... $0.50 $0.87 )-cil here by L. E. Faird, state highway ‘irusk Royalty .. - 08 | Union Pacific R. R. .. 120.50 12050] superintendent, fer engineering serv- Luak Petroleum ..... 02 FOREIGN EXCBANGE, icex“said to haye been furnished the Marine - 1.00 Sterling town when thé paving project was Mike Henry 05 Francs put through. The dikpute, it is sald, and Guilt 74 Marke fventers in the report that the city Northwest 14 | tire vunderstood that the services of the 00% lcall Money stage engineering office would be free, | Picardy 04 } 2 f whereas the bill recently rendered Riverton Refg. 02 | LIBENZY BONDS. would indicate that opposite belief on Roy. and Prod. 14 | 34s re the part of the commission. A con- meet . ’ 03 | First 40 Serence probably will be held to thresh |Tom Bell Roy. oe 046 out the matter. Western Exploration 2.15 pe TL Rb ke Dol oe ee HALF MILLION TIES T0 BE GUT BY WYOMING COMPANY THIS SEASON RIVERTON, W Nov. 1.—One half million ties will be cut and re- | moved by the Wyoming Tie and Tim- | ber company from the East DuNoir unit during the coming season, accord- ing to Supervisor Cook of the forest ‘Work of cutting has already btarted and will be continued until the REPAIR SHOP , We Repair at Reduced Rates: | ~_E. M. PENNEY Phone 1336-R i Phone 601 BASIN EDITOR, 15 CLAIMED _ BASIN, Wyo., Nov. 1—Mra. A. W. ms, wife of the -editor of the Rustler, expired here yoe- terday following an _ extended illness with diabetes. Deceased came coming 14 years ago and has| neen prominently {dentified with the | women's club and other civic organ: | ms here. She is survived by tw and three daughter: ter now engaged in governm« n Panama. The funeral will be hel: de © Wednesday afternoom DIVIDENDS ON Marine OilCompany_ : | ; November 1, 1921 Ask =I TAYLOR & CLAY (Inc.) Phone 203 $\|| Phone 62. Office and || The, Nicolaysen Lumber Co. Everything in Building Material BIG TIMBERS A SPECIALTY FARM MACHINERY, WAGONS SS Yard: First and Center Vewev ev errr rey erry seer er yr riers bye rer eye yy ea S43 539990000007 55345250000050004 established om both the east and west DuNoir and approximatgy men are engaged in the work at th | present time. 4 1-L-8t® 15-4, —L—S==_—_—— 3 ! Ws yw re rere wee ere ree tt eee re ee ee eo ee 5006006600604: , Sessesees. bOS0S80SOSS OES SISSSESISESEDDISOOS TUESDAY, NOVEMBER 1, 1921. sola = B Kitng old and silver. H. For return of one roach mane pony. ‘26 Northwestern Avenue, Mills, Wyo.| jeweler, Oil Exchange $10 REWARD. zor | ANN OUNCEMENT Realizing the importance of an exclusive tobacco and confectionery house in Casper, we take this means of an- nouncing to our friends and future patrons, the opening of our new establishment under the name of HE IN We Feature a Complete Line of CIGARS TOBACCO ~ SMOKERS’ SUPPLIES STATIONERY — PERIODICALS SODA FOUNTAIN - CANDY IN FANCY BOXES OR BULK ETS., ETC, ETC. © Together With Service and Courtesy We Will Appreciate Your Patronage THE INN 125 West Second Ray Halloran, Mer. b> 299900009006 00 000000900000 00 00000009 00000F, eeroces Ih Sseetcosssessececocvevesooosossess: §O$O04004O64600062644660506OO4 SEEING. IS BELIEVING Natrona Power Co. PHONE 69 | COOP SLEL OC SS LOO Oo FOO OSPSOOOOOCSOOE 449660966000 O4 4066. e $EPSEPE OOOO 99S F996 OO 26D OOO OEUOOCCOOOSESEOOED: