Casper Daily Tribune Newspaper, January 7, 1922, Page 10

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vce WARKET GOSSIP AND FIELD NEWS| Wh ol PAGE TEN GALT GREEK LINE AT CAPACITY, uns for the week ending Wednesday covering Pipeline ri the production of nine major producing fields of the state} j i f 121,000 barrels d to 488,209 barrels, or an increase of 121,0! re of of, for the week compared with a similar period during he Caaner Daily Critune OROPIN MONEY RATES FEATURES. |f~ STOCK MARKET FORLISTWEEK: A RECORD. New York Stocks Associated Press Leased Wire | Oil Securities —_{! Furnished by Taylor and Clay } LAST S44ES. LOCAL OIL STOCKS. Allis-Chalmers American Beet Sugar American Can ....ss00-e. Car and Found-y oe 00% 29 1.20 m4 = Sumatra Tobacco Lowe the month of December. , = # | een S = 4 yera daily in oil run was 17,300 barrels . and TT. os 3 The average daily Brg h oo ee Woolen cos ndard refi Compe ot/AtL Gut c can t | Creek frou 35,000 to, 69,000 barrels ot} AtL Guilt and W. In eg" 5 iu | “remainder of the increase is| Baltimore and Ohic at | aue to proportionately later pte-ration | Bethichem Steel “B' > at n oll purchases in the Grass Creek| Canadian Pacific antag and Elk Basin fields. The pipeline/Central Leather .... os he * runs from the (rams Creek field now/Chandier Motors oe show a daily average of 4,600 barrels|Cheeapeake and Ohio . ° ~~ or an increase of 1300 barrels dally.|Chicago, Mil. and’ St. Pail peace Ae nee Yarlee | Elk Basin .runs were increased 800/ Chicago, R. I. and Pac. ... Nertiins . day Market Trend Uncertain With | parreis a day from 1,300 barrels the|Chino Copper . eet toe Resumption of Sales in ae ee ne Peni ee Le. and Rete. ‘8 ee 7) Chicago. Muddy are still operating under the|Crucibie Steel . Red Bank anenae pes proration basis and the average|Cuba Cane Sugar Royalty & Producers <8 besa, f € Tom Bell Royalty ... .03 GO, Jan. Trade was lgh om aoteee eneet market was easily in- Western Explorat‘on. —_ pe fluenced the early proceedings on ‘Wind River Retg. ..-. -01 pe the Chicago board of trade today. First United Pete ... ran prices were unchanged to ce lower ; WyoKans. with with May $1.10% to $1.11% and July], TbAbls "Central. WyO-T ed omen ssseee 4 $1.01 $1.00 @% to $1.00%- 2 een | Inspiration Copper Were Of -z Sa 4 Co The pit traders were incline? to BO} Rock C: ea l sets fee ie Maxine pours Ley LW. OF. a bearish but support developed for May| 1 ost Soldier — sou |¥ on . 8 Mel et $1.11 and under, One local nr} Eat Creek — Kennecott Copper .. Western 38 ket Sy eee see a I | Loutsville and Nashville .. NEW YORK CURB CIOSING. Ie ect for 1923 in this country © Tota! (daily) —_. Mexican Petroleum 110% /Marine . 1,62 be determining “factor in the « Total (weekly run) — ueaseee | eee tices ming ee ae cbeneers Se ‘But another potnted out that (/ <= = Middle a Ol, 12% | Merritt... : Slee forts to rehabilitate German and ius | south Half Largest Producer. area anorde ge ed boys aa . low (sam purchasing power was ike yum |, The saath half of the Salt Creek| sfissourt Pacific . 16% | Sait Creek Producers . @ bave considerable effect on this cou’ | na14 portion of the producing| New York Central ....... 1814 | watt Creek. Qons) bss nig 7 Export demand was wmern ex-| “Fee lying south of a line drawn from]. "y., N. H., and Hartford 13% | Prod. and Retra. .s.+ ma Reported failure oF tfect later but| the scuthwest corner of section 19-40-] Norroik and Western . Sail stencel OM ok aes z port house had some effect ta: ry southwest corner of section| Northern Pacific .... toward the close increased milling Ge-| Z's9'79, tg a much larger producer than | Nortner® Pacific... a madd caused « rally and finel prices! ‘0 Poc‘ion of the tleld Iving north of| Okahoma, Prod. and Ret at about the high pot! the line as was shown by production | penn erivanie ained in 10-day tests of the two] ;,, xs iste sad districts recently completed by the Sateen epee ya "| Midwest Refining company. Ray Consolid ae Productios for the 10-day period! pit ain: ~ Bidding Chicago for country offerings. }ro5, the north half totaled 689,814 Ran Se hes Je Weal handlers raised thelr offers. The! pacreis while. tho production o* the “i Sap Leap Bg mat + O itn May 53%0%e to 68% and July Oo A aE ee tg Tae een] Shel rane and Trak..5 37%B| Fourth 4%s . a a 5.774 barrels. The south| Spel Trans and | Ven victory 4%e u 54th. At the ond of the first hour both| Tf thus produced 156,960 Darrela | Sinclair Con. o ¥ 3t options were up ec. more than the north half or a daity| Southern Pacific a ‘a Course grains held a firm undertone | average of 15,596 barrels. Southern sag Jt throughout the seasion. Corn closed at |““ii.tocal production from the fiea| Standard Oil of N. 113% de Market LL —-B8% to F3%@%o for May and 5540 guring the test was 1,235,588 barreis,| Studebaker Corporation 31 Crude 3!) for July. or considerably over twice tho Casper | Tenmmesseo Copper . 09% x Oats opened Ho higher and shared) pi jeine and refinery capaciy, which| fexas Co. cesses 43% i stm the strength in corn. May opened |{."C.creea with handling the produc.|J¥zes and Pacifio 25% | Grass Creek ates S et 88%@%o and gained %o before) tion of the Salt Creek field. Tobacco Products 63% | Em Basin -. 2 2 feeling any reaction. Under the arrangement which was | Tranconti=: 10% | Lance Creek ----——---------~--~ bp Provisions reflected the hiber|in etfect before the first of the year,|Union Pacific .... 126% | Hamilton Dome — 731.50 prices for live hogs which commanded (tne standard refinery here was taking|U- 8. Food Products . 09% | Rock River -——--.--—————~-~--$1 the best prices since last October.) total of 5,000 barrels of ofl a day|U. 8. Retail Stores 62% | Salt Creek -----—-—------——--- © Lard started Tio to 100 higher with| fron, the <isid. Under terms of an|U. 8. Ind. Alcohol .. 87% | Big Muddy --—~ "ie & —- May the leader at $9.22. announcement recently made by T. 8.| United States Rubber . 52% | Mule Creek -----——-—- Cooke, Rocky Mountain manage: of| United States Steel 82% t Closing Quotations. the Standard, the refinery will be put pbs ah sercecoed a ate a eat— Open. High. Low. Close|on full capacity here during the com: |, Westinghouse Elect 6 . i May adem a3, 110% Latk ing year, Willy's Overland ... 5% | Livestock Mart July 1.00% 1.03% 1.00% 1.01%] Under winter conditions the pipeline} American iZno, Lead and Sm. 13 a si Eegaieaetine capacity in all probability wf be lim-| Butte and Superior . 21% May -— 53% 63% 63% 63% | Ited to less than 65,000 barrela Dur- Cal, Petroleum nad ET 55% 4 B54 ing the spring and summer monrhs| Montana Power . A rhe ere “Sioa ets ie however the capacity should average|Shaatuck Arizona 8%B| CHICAGO, see fans lived > riage May 38% 30% 38% 39 | about 65,000 barrels daily. Pure Of ....... 36 al Roa 3 drag ee Tuy 89 39% 89 39%] By tncreasing tho oll runs to pipe-| Invincible Ol . 14%] pared ‘with’ week ago! Best steers Pork— Une and refinery capacity the Stand |General Asphalt 58 | mostly Bde to 7Se higher; spots ‘up tn —~ ~~ ~~ 18.10 |ard plant will be able to fulfill recent a more; fat she stoc! Hee les Lara—. < contracts signed for the delivery of . er, some light helfers up m re ae Jan, 8.85 8.85 8.82 2 2,000,000 barrels of gasoline to the ners and cutters 150 oa io sets May 9.2) 922 0.17 917 | Standard of Louisiana at Baton Rouge pulls 50c higher; -veal calves ; Ribe— during the coming year. The deliv- 2c lower; heavy calves nee aS ee 7.87 eries at the gulf point will be made higher; desirable lightweight stockers May -—-8.00 8.02 8.00 8.00 |to the Magnolia Petroleum company. EXPORT RATES and feeders steady to strong; others @ Standard subsidiary, and will be for weak. foreign shipment. > Comparisons of the tests of the two divisions of the Salt Creek field shows the daily balance in favor of the south half of the field: Batter, Eggs, Poultry. CHICAGO, Jan. 7.—Butter—Higher; extras, 850; first, 80@34c; seconds, 27@29c; standards, 23140. tive, largely 150 to 400 higher than | yesterday's average; ight and Nght butchers up most; few late sales of heavy and heavy mixed only steady; good clearance; top, $8.75 for 190 to 180-pound hogs; bulk, $7.60@8.50; pigs WASHINGTON, Jan. 7.—-Reduction ‘Toints. Egges—Lower; receipts 4,108 cases; North Halt South Halt firsts, 87@37%c; ordinary firsts, 38@ | December 6 to18, | December 20 to 31. $4c; miscellaneous, 85@26c; refriger- 14,178 ator firsts, 30@32c. 77,238 Poultry—Alive, lower; fowls, 17@ 65,916 38c; springs, 250; turkeys, 35c; roost-| 71593 ers, 270. | 68,760 | 70,268 aA 5 | 71,960 Municipal Oil | ee | 74,398 Well Product os e roauc 539,814 695,774 Is Contracted During the period of the test of he north half weather conditions were ore favorable for a complete test. in rates on petroleum for export which railroads proposed to put into effect today from Louisiana producing points Raton Rouge, were suspended today by the interstate commerce commussion until May to allow investigation. The new rates would have made the ship- ving charges on erport petroleum 16% cents per 100 pounds instead of 2214 BANK RESERVES UP. NEW YORK, Jan. 7.—The actual condition of the clearing housé banks Markets). — Hogs — Receipts cents which is the present rate. warket slow, strong to 10c higher; 177 pound weights $7.50; |Nelghts and under $7.35@7.45; of sales $7.10@7.35; top $7.50, 250 to 85c higher, up to $8.85. Sheep—Receipts, 8,500; today’s re- ceipts all packers direct or on through around Shreveport to New Orleans and! piling to the eas compared with week ago: Fat lambs 25c to 500 high- er; fat sheep and yearlings, 60c to 75c up: feeder lambs quotably 250 higher. OMAHA, Jan. 7-——(U. 8. Buréau 500; 200 pounds bulk Cattle—Receipts 350; compared with The drop in the total production on 2 the test of the south week ago, beef steers fully 250 higher; and trust companies for the week! ‘> sock. bulls and veal calves mostly LONG BEACH, Cal, Jan. nictpally-owned ofl well, he: possible tax eradicator, the flow of finances into the city treacury today when a contract was made by Long Beach with a California ofl com- pany for sale of 15,000 barrels of oll, the city’s initial allotment of the pro: price was $1.21 The well is producing be tween 800 and 500 barrels a day, hav- ing been drilled by a tion on city ground t der which the city gets 40 per cent of the oil produced and the operating company 60 per cent. represents (five days) shows that they hold $56 744,170 reserve in excess of legal re- quirements. ‘Tis {s an increase of $39,577,950 from 1: week. _———— es A wonderful new X-ray outfit in- stalled in a London hospital can send its rays through @ piece of steel two inches thick. & said to be partly due to the that low temperatures were reg- e in the field. The total of each half of the field 100 per cent production from each district plus 35 per cent Production of the other half. Under s® conditions, the full 100 per cent production of Salt Creek would be in eAcess of 100,000 barrels of ol] a day. higher; etockers and feeders 15@ ic. j Sheep—Receipts 600; all classes 75c higher, ‘ oo Silver, NEW YORK, Jan. 7.—Foreign bar iver, 64%0; Mexican dollars, 49%. —_._____ NOTICE. Having sold the CY restaurant on January 2, 1922, I will not be respon- sible for a. ts for said restaurant. R. E. KARNS. 1L7-3te WHEAT MARKET 0 CHICAGO, Jan. 7.—Severe ket this week resulted from fi @ big bank merger here. 7% cents. Compared with a Yec to 4c. Provisions showe Nervousness in the wheat market was partly due to the Wagner failure which had preceded by only a few Gays the troubles of the Fort Dear- born National bank. At first, it ap. Poared tha tho bank merger would have no special effect on grain values, but heavy Iquidation of sales of ‘wheat on the part of eastern interests took place, and false rumors became current that various board of trado houses were insolvent. Excited sell- ing and wild margin calling followed, and on the downward sweep of the market eat went under $1, tmaking a new low record for the sea- WEEK BASED ON BANK TROUBLES On one day, the price of wheat fell was off 314c to 414c, corn down Shc to ST URBANCE OF Plumbing Shop by the quality of disturbance of the wheat mar- nancial difficulties that led to week ago, wheat this morning 0 Ygc, and oats lower d net gains of 2c to 12c. ] son, a record sharply in contrast with $1.68 for May weat a year ago. Readiness with which all margin ing had been met brought about rallies in the wheat market on subse- quent days with the help of enlarged milling demand ere and at St. Louts, Kansas City and Minneapolis as well. Only part of the losses in the flurry, however, were thus o: ercome. Corn cats recelved better sup- was the case with wheat, In this communi to look upon our light. ca and proved relatively stable. Provisions showed comparative firmness owing more or less to at 359 East Second Street ef any important tn: stocks of teat. Soreresseresooororoes Commanding The field in each community is a by the merit of the goods it sells. This shop is rated by the shrewd buyer as “Plumbing Headquarters.” Schank Plumbing & Heating Co, which holds its place service it renders and ty folks have learned establishment in that drop in a rates after the release of large January inter- est and dividend payments. a Call loans fell to 3% per cent, the lowest rate since last July, and time funds extending into PRICES STRONG IN STOGK MART Week-End Adjustment Speculative Accounts Re- sults in Firmness. Dealings represented little more, how- ever, than the customary week-end ad- of speculative accounts. Oils led the rally at gains of 1 to 3 points. miscellaneous Tobaccos and ciuding chain stores and merchandiz- ing stocks, also were high. were featured by Montana Power which rose 3% points, Ralls showed moderate improvement, specially high Valley, New York, Chicago & St. 10.12 | Louts and Louisville & Nashville, but 8.75 | Chicago & Northwestern common and 1.00 | Preferred were heavy. Were dull but mainly higher. Of the better 13.25 | known apecialties, rubbers showed fur- ‘ depression. The closin was Z SATURDAY, JANUARY 7, 192: feature of the - “When paying by check, your return check will be your receipt.” This statement—or one of similar word- ing—on bills for goods or services, indi- cates that business houses fully recognize one of the important purposes of a check- ing account, namely, that of automatically providing a receipt for money paid. i of the Whether you are in business, or in some other line of activity, or have personal funds to handle, a checking account in the Casper National Bank will facilitate your financial transactions. of International credits and foreign exchange moved irregularly in conse- and developments at the arms con- ference. Quotations stiffened later in connection with the decision to call Germany and Russia {nto the pro- Posed economic discussion. JAGK REYNOLDS NEW COAGH AT INDIANA ~ bo i) issues, in- bef anions 32 Years of Service Casper National Bank CASPER, WYO. Under United States Government Supervision. ~ May We Serve You? Le NEW YORK, Jan. 7.—Special shares in which the short interest is believed to be active, were firm to strong at the opening of today’s stock market. Former favorites of the industrial di- vision showed little chang ola, Chandler Motor and Woolworth were prominent at gains of 1 to 2% Sumatra Tobacco, Famous Players and Foreign Exchange Irregular. NEW YORK, Jan. 7.—Great Britain —Demand 4.19%, cables 4.20% France—Demand 8.03, cables 8.08%. Italy—Demand 4.31%, cables 4.32. Belgium — Demand 7. 7.70, 54%. 36.61. lorway—Demand 16.50. Sweden—Demand 24.1 Denmark—Demand 19.90. Switzerland—Demar, Spain—Demand 14.90. Greece—Demand 4.36. Argentine—Demand 33,37. Brazil—Demand 12.75. Montreal 93.75. Hoge—Recetpts, 5,000; market ao- Phone 711 IMU Germany — Demand .53%, cables Holland — Demand 36.55, International Paper gained large fractions. The one weak feature was Chicago & Northwestern which declined 1% points. 19.32. MTT TH Coca WYOMING AUDIT COMPANY 234 Midwest Refining Bldg. Phone 289 : Audits, Financial Reports and Analyses, Income Tax Service and General Accounting. There is one 4znce, however, whic! is his favorite. it is a dance he learned during his naval days, 1d he has been known to dance it at Balmgral—namely, the saflor’s horn- Pipe. 4, cableg Information of Importance to - Burke Oil Stockholders : CALL _D. B. SULLIVAN 217 Oil Exchange Bldg. Phone 1530 Will change its name to (Retallach Motor Co. Feb. 1, 1922 226 South David Street Phone 918-J cables ee It Will Pay You to Buy an Income Now While the Wages of Money Are High Sas It will pay you to invest your money in order that you may purchase an income cheaply, in fact cheaper than you may be able to buy it for some time. It is apparent that stocks reached their low level last June, and that they are gradually going up. The prices of stocks shown below are of corporations well known and represent vastly different lines of business. Dec, 1, 1921 $ 88.50 83.00 128.50 360.00 - 372.00 July 1, 1921 Standard Oil of Indiana. $ 62.75 U.S. Stecli.s.. siiec'sss its ceases TRO0 Union Pacific. .....se++eeec+0e+e2 115,50 United Fruit. 315.00 Consolidated Royalty... « 88 We urge you to buy an income and recommend the stock of The Finance ‘Corporation of Wyoming. For those desiring a convenient deferred payment, one has been arranged. Full particulars will be given upon request and without any obligation whatsoever. ~ GRATIOT & COMPANY INVESTMENT SECURITIES 407 Midwest Bldg.—Phone 252 ILIA AE | NU 7 mT EL Ht

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