Casper Daily Tribune Newspaper, December 24, 1921, Page 12

~ AGE TWELVE WRKET GOSSIP AND FIELD WEW WYSTERY HOLE IN SOUTH DAKOT Lemmon, S. whi over reports that a strike of im wildcat being drilled on 33-23-. d I D., has developed a real oil well mystery has thrown the inhabitants into a fever of excitement portance has taken place ina 15, six miles southwest of the town by A. D. Keeney, of Shreveport, La., on acreage ob- tained from the Lemmon Oil Basin Co., Inc. Keeney, through {. Curtis, signed con company last 5 © agreed to The first well was er 1, and rig for GRAIN PRICES ARE STRONGER Upward Trend Checked Aft- er General Advance Is Scored on Early Sales. torney, J. the ol foes were on} €he upgrade in the early trading on| the Chicago board of trade. ‘Trade| was light and was interrupted by the ct Santa Claus to the pit traders} ¢ was firm. } % to Yo higher with ; May $1.17 to $ December $1 and July $1.04% to $1.05 of a aip brought out some scattered buying and there was a general ad- vance until resting orfers came out from commission houses and checked the upward movement when ay} reached $1.17%. | At the last hour the market broke sharply on rather general selling but profit-taking by shorts and some help by local bulls steadied the market and there was a recovery at the end. De- finished at $1.13%; May at % and July at $1.05% cembe to $1.0 . Corn futures broke into new ground for the pres upturn. The start was 4 to %e higher with December 49%c, May 55% to 55%c and July 56%c. The purchase of five cargoes of corn by the Russian relief yesterday with pros- pects that western stocks would be in demand soon helped the upward movement. May was 65%o0 and July S7%o at the end of the first hour. Corn dipped with wheat in the fi- nal hour but fintshed with small net gains for the day with December at 49%c; May at 55%o and B5isc and July at b6%e. Onts started steady to %o higher and moved up with othér grains. May being 89%0 after an hour's dealings. In provisions first trading in May pork with an initial price of 15.05 upset the January option which showed 85 cents lower at $14.60. Other products were about § points higher on light transactions. FOLLOW GRAINS fyersA SH Closing Quotations. Wheat— Open High Low Close 1. 1.16% 1.17% 1.04% 105% 1.04% 1.05% 55% «0 BB%H Ce 57% 56% 56% 29% «38% = 89% 40 39% By — —— 146.85 _- ——- 15.05 ane eww, 8.72 917 «99.15 = 15 8.05 800 805 8.25 8.15 8.22 Butter, Eggs, Poultry. CHICAGO, Dec. 24—Butter—Un- settled; creamery extras, 42@42%4 firsts, 33@40%c; seconds, 30@32%4c; standards, Eggs—Unse receipts 2 cases; firsts, 50c%; ordinary firsts, 43 @45c; miscellaneous, 47@49c; refrig- erator firsts, 38@40c. Poultry-——Alive, unchanged. 4 4,96 4 Potatoes. CHICAGO, Dec. 24.—Potatoes—Re- celpts 22 cars; total United States ship. ments 279 cars; market firm; sacked northern whites $1.80@2.00; Minne sota Red Rivers sacked $1.8 Livestock Mart CHICAGO, Dee. 24.—(U. 8. Bureau of Markets)—Cattle — Receipts, 200; compared with week ago: Beet steers mostly 25¢ to 50c lower, plain to me- dium grades showing full decline, she stock generally 250 to 500 lower, veal calves $1 to $1.60 off, stockers and feeders 250 to 400 lower, bulls 650c lower. Hogs—Recetpts, 8,000; market ac- tive and strong to 150 higher than yes- terday’s average with lights up most; shippers bought about 7,500; good clearances: top, $7.80 for 160-pound average; $7.50 for 180 to 190 pound average; bulk, $7@7.40; pigs, 10c to 15¢ higher. Sheep—Receipts, 4,500; practically all packers direct and all on sh! account; compared with week ago Fat lambs and yearlings about $1 higher; fat shesp and feeder Jambs steady to 25c higher, per No. 2 was erected, slush pits dug and erything put in readiness for spud- ng. The. identity of the people behind Keer been dis % ited with having been associated with the Royal Dutch-Shell interests in le- gal, geological and field operations in| the past, they disclaim any such con- nection at this time. However, they went ahead with the operation in South Dakota arent good faith after the structure had been exantined and reported upon by three geol- ogists. No assistance from local peo- 5 solicited and considerable ple w rstery developed over the operation. 1 was drilled down to approxi- mately 1,400 feet judged by observa- tions at the well. Drilling at this point was suspended. The well has been fenced with high board walls and two guards on day and night shifts have been placed in charge. It was ascertained, however, that the well was capped and George Henry, sec- retary of South Dakota highway de partment, ts authority for the state- ment that ofl was encountered in suf- % | fictent quantities to bring it to the top of the hole and that the surrovnd- ing grocnd ts covered with tho fiuid. No one is admitted within the en closure and what actually happened fs unknown, though the people cf Lemmon believe that production was encountered but that the operators aro not ready to bring the we'l in. In the meantime evidence {s plentiful that the operators will proceed vigor- ously with drilling as soon as weather conditions tn the spring permit. Montana Refineries Contract. Pure Oil Co., one of the largest tn dependent organizations in the oll in- dustry in this country, has contracted for the gasoline output of three of the small refineries opened up this year in Montana and will hereafter handle Montana gasoline in its filling sta- tions in that state, Idaho, Washing- ton and the Canadian northwest. The deals practically solve the problem of a market for the new Montana re- fineries and opens the way for them to grow as the ofl industry in the states is developed. The companies affected by the deal are the Lewis- town Of] & Refining company of Lew- stown; the Wcowana Refining com- pany of Winnett, and Great Nortbern Refining company of Win- nett. Recently gasoline has been shipped from these plants in carload lots to Spokane, Wash., and Rosebud, Great Fells and Bozeman, Mont. Shale Oil Sold at $8.40. The Monarch Shale Oil company, which {s operating a shale retort 13 miles north of Debeque, Colo., recent- ly contracted for the sale of one car- load of shale ofl to the Silver Mines company of America for use in flota- tion work at Aspen, Colo., at $8.40 per barrel. Smaller orders in con- tainers have been ‘sold to the same interests and others at $10.50 per bar- rel. J. H. Ginet of Diiver, inventor of the process belng used by the Mon- arch company, and its president, cites the above as an answer to recent statements that of] cannot be econo- mically recovered from shale and sold in competition with well of! at the present prices of crude. He states that the oll is produced at & cost of $1.56 per barrel and that with a ptpe- line constructed to the ratiread the cost will be reduced to 89 cents per barrel. Capacity of retort in opera- tion will permit shipment of’ three cars per week. What Kind of a Battery Would You Sell? Would it be a cheap battery that the manufacturers wouldn’t stand back of? Or a high-priced battery that made no attempt at economy? Or a sound, well built battery that sells at a fair price and that gives the most miles of uninterrupted service per dollar, as does the ‘Threaded Rubber Battery? Experience has proved our wisdom: in che the Battery with rubber Insulation. Come in—and we'll tell you how it will save money for you. AUTO ELECTRIC CO. 136 E. Midwest Ave. Phone 968-J Willard PICTURES and FRAMING Phone Me to Cal! GEO. LA LONE Phone 8423 810 St. John Street Ten Blocks From High Prices Batteries WYOMING AUDIT COMPANY 234 Midwest Refining Bldg. Phone 289 Audits, Financial Reports and Analyses, Income Tax Service and General Accounting. Lusk Petroleum Mike iienry .... Mountain and Gulf. Northwest Red Bank . a Royalty and Producers Today’s Markets by | FURNISHED BY TAYLOR & CLAY il E. ; s He i i i! g [ i | 0.53%, cable 0.54,| 36.58; A : 3 i re EF a E $ Silver. NEW YORK, Dec. 24—Foreign bar silver 64%0c; Mexican dollars 49}c. 3 Exchanges Close. Mexican Petroleum ..$113.00 NAW YORK, Dec. 24.—The coffee 21.87 and sugar, cotton and produce ex- changes are closed today. pe i. Reval Charges Based ‘Waltham: mahogany; distinctivé: ‘Weaver; mahogany; a high grade plano. ‘Windsor; eek; a good value. , Sold on terms and guaranteed. — Players and Grands. France 4 On Ni egligence YPHONOGRAPHS AND RECORDS Gal shotey Are Dismissed Wade Cramer " Dealer and Tuner, ponies VANCOUVER, B. C., Dec. 24.— ‘ 348 S. Ki sectil 5 F Total mae ser 4% i proration regulations. __ bib ef Few. Changes Recorded in ‘Under proration } Sunset o..00eseeeeeee 04 Tom Bell Royalty .,.. .03 04 Western Exploration. 2.50 2.75 |) Wind River Rerg. OL 02 United Pete . 03 4 | Wyo-Kans LAS 1.50 Wyo-Tex .. «00% or | $1.90 1.90 1.90 Hamilton Dome 140 STEEL TRADE | Fourth 4% OMING CRUDE OIL Third 4%s . Early ee on New York 'N. J. Donah officials of the Brit change. ad tania Mining and Smelting company. in connection with the recent flood at Brittania Beach, B. €., in which 3¢ ves were lost. The for lowed a preliminary hearing. A coroner’s jury had blamed th: company for alloged carelessnesa 1: constructing an earth bank at tht mines which gave way under the pres || sure of a mountain torrent and preci; {tated the flood that partially de stroyed the town. Criminal charge: Victory 4%s . NEW YORK, Dec. 24—Trading in stocks today was nominal but a4 firm Rock River Salt Creek Big Muddy -. Mule Creek -- lot of casting copper at about 13 cents t. a. 8. : Lead remains steady with produc- tion and demand about evenly bal: anced. } 1 [5 OPTIMISTIC General Improvement in In- dustrial Conditions in Sight for Year. NEW YORK, Dec. 24—The steel trade ts looking forward as a whole with optimism toward the new year and {s confidently anticipating a gen- eral improvement in industrial condi- tions and in the volume of business. Just at the moment, however, tho anerhel is experiencing the usual holl- day reduction in the demand and is unsettled. Prices have been shaded in some cases, the most important be Ing the reduction of $5 per ton in wire Products, The pig fron market has also slow- ed down, although there is no accu- mulation of supplies and a better business !s anticipated after the turn of the year. In copper there has been the usual preholiday lull in domestic demand but export business has continued and the market has been generally firm. It is said that some of the smaller dealers or custom smelters are will- ing to take orders for small lots of electrolytic for January’ and March shipments at 13% cents delivered, but the larger producers are offering noth- ing below the 14-cent level and the copper export association is reported to be selling abroad at prices equiva- lent to 14 cents f. a. s., New York. Recent export business has included sales to the orient as well as to Eu- rope and China has bought a small Phone 328J for Lump, per ton.;....$9.00 Egg Nut, per ton $8. Petroleum, per ton . .$9.50 We Deliver. CITY FUEL C0. Near Producers Warehouse East Yellowstone Avenue then wore filed against the two of ——— es e YOUNG PEOPLE W'ED. BASIN, Wyo., Dec. 24.— Announce- ment haa been made of the marriage of Miss Mary Hanlon of this place to Marvin M. Shaffner of Greybull to oceur Christmas day at the home of the bride's parents here, Rev. L. A: Losey to officiate. The young peo ple will make their home in Greybult where the groom is connected with the Midwest. UNION LEASES BODY OWL LAND ! BASIN, Wyo., Dec. 24.—The Union Oil of California has taken over hold- ings in the Cody anticline foiir miles from Cody and expect to spud tn to- morrow. ‘This structure has an ex- posure in the Sundance and drilling will probably go to the Madison lime- stone unless pay is found in the Em- 250,900 shares. - ; Bonds were’ Gull and frregular. & semblance of firmness. Petroleum and General Asphalt were | higher by substantial fractions with } Mercantile Marine, coppers, rubbers jand high grade nieve: Amer: ican and Baldwin ives eased SCHANK PLUMBING & EATING Co. IN Hi 359 EAS PHONE 711 : Now at Prices ‘We make them for all makes of autos and trucks. Especially for Fords now $3.00 per set. Extra Quality for | Dodges $9.00 bar-or Tensleep. | All_ others dingly in price. A number of geologists satd to have Casper: Auto Top Shop been sent in here by the Union ate | phone 1084R 633 mane St. working in each direction from Basin this week. It is reported that | the To My Htiebiigeden Patrons A Merry Christmas and A Happy New Year For almost.two thousand years the word “Christmas” has been associated in human minds with the word Peace. “Peace on Earth, Good Will to Men” must be combined with the joy of Christmas or there can be no joy at all. FRANK CANNER Custom Tailor Second Fioor, Daly Building Over Lyric Theater—Phone 1191J + With this Christmas spirit you have our good will. of th And a Hap We Extend to You All the Compliments A Merry Christmas Natrona Power Company e Season and Wish You py and Prosperous New Year