Casper Daily Tribune Newspaper, November 25, 1921, Page 12

PAGE TWELVE ‘WARKET GOSSIP AND, FIELD NEWS FREMONT COUNTY TEST PROMISING A new concern whose dev now attracting much attention is the Connelly Oil & Land | company in putting down near the station of Neble, shoni. The hole is now down showings have already been encountered, along with several feet. Along with the “water were " eavy showings of gas, and o! ame up in considerable quantities. The flow was cased off with 20-inch HEAIY AT START General Buying Marks Open- ing of Chicago Market, Prices Higher. was also h ranged higher with December 1.11% to 1.11% and May $1.14 to $1.14%, were follow. ed by material further gains Increasing seriousness of drought reports from Kans together with news of drought in southern Arge tina led subsequently to additional upturns in price, but profit-taking then brought about setbecks. T close was unsettl higher, with Decem and May $1.15 to $1.15% Corn and oats were firmer wheat. Corn started % to %@hc/| being made. higher, May 55% to 55%c and later re. acted a little. Late downtourns !n wheat prices had a bearish effect on corn notwith-| ),.1 standing brisk export demand. The close was heavy, %4@tic to “%e net) ,. lower, with May 54%. Oats after opening a shate to %c Bigher, May 353 at about the initial figures. Higher quotations on hogs helped to strengthen provisions. Closing Quotations. CHICAGO, Nov. 25.— | ‘Wheat Open High Low Cloes Dec. 11% 113% 1.11% 1.12 14 1.16% 1.14 changed; creamery extras, 4414c firsts, 35@42c; seconds, 32@34c; stand ards, 38c. Eggs—Higher; receipts 2,935 cases firsts, 50 to 58c; ordinary firsts, 43@| 47c; miscellaneous 60@52c; refrigera- tor extras, 38@38%; refrigerator firsts, | 37@37%4c. Poultry—Alive, unsettled; fowls 13@ 2ic; springs, 12c; turkeys, 330; roost- ers, lic. . Ee Dancing and Skating Carnival Nov. 24, 25, 26, 27, at Smile Roller Rink, one block east of North Casper school. Skating afternoon and evening. Oli a, i i Ni to $8%c, held steady | Jof the test is expected. 11-21-6t | Z lopment in the local field is on section 27-2n-5e, located it 18 miles southwest of Sho- about 600 feet and oil and gas lows of water. A he: arte- w of water was struck at 401 and drilling has been resumed inch hole. of, the Connelly Oil and mpany. {is an Interesting one s organized at and has its head t ngbal, China. The ven it by its organizer. of Omaha, who was can court in Shang ganized about a y an business me: cers, although re stockholders located and spudded eks ago with so little t » was known of very recently The well financed and will put extended program of develop: L. F. Baxley ts the field man charge of the Neble well and e from start to finish, ess made attests. The s production in the Wall creek sand, which they expect to reach at around 3,000 feet. Lysite Well Drilling. well of the Wyoming- evelopment company on ar Lysite, Wyo., is ) fect after having al water sands near eady progress is now e surface. Early Completion Seen, The Minnesota-Western Oil @com- est well south of Shoshoni, standing at 2,775 feet while iting the arrival of 4%-inch cas. g to finidh the hole, which fs now hard shale. The second Wall Creek sand is expected within the next 100 feet Wyo. Ohio Test Drilling Again. The Ohfo Oil company has set cas- ing at over 3,000 fect in Sts test well of the Horseshoe structure, 35 miles southeast of Shoshont, progress reported. Early completion Northern Wyoming Underreaming. The thern Wyoming Of com- underreaming 4%-inch cas- 98 feet in its test well near Shoshon!, Wyo., and will resume drill- ing soon to complete the hole to the Lakota sand, expected at about 2,840 feet. Today’s gage FURNISHED BY TAYLOR & CLAY LOCAL OIL STOCKS Big Indian -.-—.... Boston-Wyoming —-_ |Buck Creek Biackstone-Salt “Creek | Columbine | Consolidated Royalty. E. T. Williams___3_ Tom Bell Royalty-—— Western Exploration 290 3.19 | Second 44s --— Wind River Refg. . ; 1.28 1.40 | Fourth Hamilton Dome - (Continue? From Page 1) The dividend rate of the Midwest oil business of the Midwest Refining| Refinti company based on the commission's) sixteen per cent (16%) only in August tentative revision of earnings and net/1920, but inasmuch as the. statement investment, 1914-1919. | The conclusions of the federal trade| for refined products in the year 1921,|scrap tts investment, cause the aban- commission as given above were in-|the not and percentage earnings of{nenment of the oll industry in Wyo.| say pemand 4 cluded in its report to congress as of|/the Midwest Refining company for ming, give up its annual fifty per cen-|¢_ oi January 3, 1921, ‘The income of the Midwest Refinisg|any degree of accuracy. Nothing $= |siato in which ft will be obliged to jsress on January 3, German Credit to Be Extended By Rothschilds BERLIN (By The Asso- clated Press}—The Eng banking firm of Rothschil has declared its wilingness to provide German credit to’ the amount of £10,000,000 to £15,- 000,000, but only» on the under- a year, it was stated by Dr. & prominent manufacturer, of the Berlin merchants to the Allgemeine Simplicity of Construction ection of Operation of Parts iWe know that your underreaming can be done money with a Swan Underreamer than any other. aay itn can rent one from any one of our stores. The Bridgeport iis PE eae le f tesereaeee ised iad Main Office and Shope: Augusta, Und 2 Mari VEUIT tet dedtetist oat baer elitieireren oe BRANCH STORES— Rising Star, Texas. Ranger, Texas ‘ort Worth,» Texas Breckenridge, Texas. Ok! : Kaw, Okla. Florence, Kan. TT TITTTTTT well | ale achine||Co. approximately (60%) or better on its outstanding cap- ital stock for each of the past three Refining during the year 1921, has ~ 1—Failed to return for assessment 23 25 | Western Oli Fields .. ery ae | * 08 "80 ‘s2 | Western States "38 i390 | Mtn. Producers 22 24 06 07 42 00% tution that all corporations in the transportation, of 8. 0. of Indiana---—— 3 5—"Fixed” crude ofl prices so that NEW YORK 5cOCK EXCHANGE |... the allied interests of the Mid- Mexican Petroleum --#114.12 $115.60 west Refining company, to say noth- ew ie - 23.25 23.50] ing of the independent operators, were mulcted of the fair value of their pro 82.75 duction. U _ Union Pacific Ro R.-. 125.00 FORSIGN FXCBANGE. Sterling Frances - = - 6—Obtained the advantage of flush production and high gas pressure for Itself and allied interests as the re sult of its violation of the Salt Creek pro rating production agreement. 7—Deprived the state of Wyoming of assessment valuations through “fix- Ing” low prices for crude ofl, without regard to market demands and the quality of the oll. LIBERTY DONDS. 3%s - - First 4s I second 4s 8—Lessened the Wyoming schoolland coalers, rose 1 to 1% points. = ad First. 4% funds—the federal reclamation funds! fooa, leather and metal shares gained “the Wyoming highway funds—all by 00% o1 | Third 4X5 price mantpulation of crude oil, ex- ‘ and decreaseé payments for the gov- tad | ernment royalty oll. ing -In- bonds §$—Caused loss to every oil royalty (9| holder in Wyoming, through tts “price fixing” policy. If a man or a corporation was upon the verge of bankruptey—one could easily understand the motive which “05 06 | Victory Big Muddy Mule Creek ~ muntict Call money opened and retiewed into would create in the mind of the man or in the brain of an officer of a cor-|"¢*t week at & points. poration, the desire to take the action y| or non-action referred to in the last Silver. nine points. NEW YORK, Nov. 25.—Foreign bar ‘The Midwest Refining company has} *!/ver, 6675c; Mexican dollars, 50%c. BUSINESS, LEGAL CODES CHARGED) ==: parned and {s now earning fifty per gentum (50%) upon its outstanding legal codes? None. ‘What is the métive which: controls] futures, 30.00. company was increased tu unknown. Lead—Stendy; ‘What reason does it advance as to] Zino—Qui com| shi shi as De- ‘ eee iodo. fe hed tntal nasets ogi WY county, State, and Federal offi-lery, spot 4.70. $96,201,06: , it may be assumed that cials should not compel the Midwest] Antimony—Spot ¢ 60. Refining company to recognize and ® large perceritage of t earnings went either into constriction or into|Pbcy the legal and business and moral the acquisition of property. With the exceptionally low cost of! thical principles by the Midwest Re- odd crude/oll and the high prices recelved|fining company is taken—that it will isa the year 1921 cannot be estimated with }t,m (60%) of earnings, and go to aj "°: 4" company for the year 1920 is not giv-|cepting poor financial management} ey the law. 0.84%. en in the report of the federal trade|could prevent the percentage of net} *” GEORGE E. BRIMMER. Holland—Demand commission, owing to the fact that at|earnings of the company for the| AD dt 2 er Sa Rs 35.76. The time of the completion of the re-|year 1921 from exceeding fifty per | Norway—Demand 14.28. port and its recommendation to con.|centum (60%), Judging from the past| oq anne ‘wit Skating Carnival Wev-| gwoden—Demand 23.0, 1 ,the books of/the financial management {8 not} Sno block east of North Casper school.j Denmark—1 /Refining company had|“‘poor.” not_been balanced. Skating afternoon and evening. ‘The Midwest Refining company has NOVEMBER 25, 1921. IEW DOME FAY Livestock Mart Sma ss “ = vicinity which are under development 90; |8t the present tine. all located within a few miles of each other and all apparently offering the same geological conditions include the Bodie, Haygood, Bolton, Spindle Top an@ Fairview structures. pape ee — ry Subscribe for The Dany Tribune. The structures 25 to S0c high- —_-___ ‘The most appalling accident in his- tory was the falling of an amphitheat- er in Rome in the time of Tiberius. Fifty thousand people were. drushed. Surveying and Locations Oil Expe-.s Oil Field Maps Blue Prints Wyoming Map & Blue Print Co. P. O. Box 325 Rm. 10, Lyric Geologists groups, particularly transcontinentals 1 to 8 and utlities registered further a cessive production on a low market |Tacphere end tecten cnlen ‘Trad. active but confusing. the Greece—Demand 4.03. Argentine—Demand 32.50. Brasil—Demand4 12.62. Montreni—$1.25. SOMETHING Saturday Specials At the Star Clothing Ca. NEW TORK, Noy. What excuse does it offer for vio-|Steady; electrolytic, spot and nearby, lation of the moral and business anc|13%@13%; later 13% @13%. ‘Tin—Steady; spot and nearby, 29 25.—Copper— its action and nonaction? That is}° Iron—Steady; tinchanged. East St. Louis deliv- Foreign Ex ,. codes? That if action to compel recog-| NEW ORK. on thctreat Bri- nition of and obedience to law and} tain—3.98%; cables 3.99%. Italy—Demand 4.04; cables 404%. Germany—Demand 0.33%; Men’s Felt House Slippers Regular Price $1.75 Switzerland—Demand 1 11-21-6t Spain—Demand 13.80. - ° f “The ability to discern an opportunity in advance of the crowd is rare—so rare that the possession of this faculty means the great difference between wealth and poverty.” Among the many striking examples of men who have been able to judge “opportunity in advance of the crowd,” the experience of George F. Baker of the First National Bank of New York, is interesting. When called before the Pujo Committee of Congress in 1913, he gave the fol- lowing’ information as to his holdings in bank stocks: 4,000 Shares National Bank of Commerce Original Cost, $400,000 Present Value, $874,000 1,000 Shares Guaranty Trust Company * * Original Cost, $100,000 Present Value, $870.000 Present Value, $126,000 _ 350 Sharee Astor T: t Comp: F _") Original Cost, $35,000 5O Shares Chase National Bank 1,500 Shares Bankers Trust Original Cost, $5,000 Original Cost ,$180,000 Present Value, $28,,000 Present Value $1,140,000 (To Be Continued) $1.15 Boys’ Scout Shoes Sizes 10 to 2.. Regular Price $1.85. FOR SATURDAY 1.45 Boys’ Scout Shoes Regular Price $2.35, FOR SATURDAY ($1.75 Men’s Moleskin Pants All Sizes. Regular Price $2.75. FOR SATURDAY Sizes 2% to 5. LEARNER 260 So. Center St., Casper, Wyo,