Casper Daily Tribune Newspaper, January 11, 1922, Page 8

PAGE EIGHT MARKET BOSSI LARGE. The pal o Rocky Mountain dist: 045 in dividends during 1921, by the Wyoming Oil News. pi the distributions in 19 $37,815,955. This showing in ceed eto OPENING DULL ipal oil and royal a Resumption of Trading Lacks |, Features on New York ixchange. firm, howev ag to further gain specialties, ‘The clos- ing was strong. Liberty frsues feat ured the expansive bond market, the Jal strength Bs showing espe stock market. the only prominent issue more than a fractional change, gaining 1 point. Most oth lower, as were market steadied? within the first hal? hour on renewed burt Petroleum. Preliminary change quotati were low, especial | ly French and Italian rates. The recovery.of Mexican Petroleam was followed by advances of 1 to 4 points in Standard O!l of New Jer sey, Texas company and Houston Of. Shorts next covered in equipments, coppers, motors, food specialties and chain store issues. American Loco- mottve, Railway Steel. Spring, Amer fean Smelting, Utah Copper, Stude- baker, Corn Profucts and May De partment Stores rose 1 to 3 points. Crucible and Pullman were araong the few industrials to lag. Erle contin uefl to strengthen, but the ratway Ist as a whole was sluggish. Government bonds were active and strong, all the Liberty group except the third 4%s and Victory 3%s ecoring new high records, Cal! money opened at § per cent. Money. NEW YORK, Jan. 11-—Call money, easy; High 3%; low 8%; ruling rate 3%} closing bid 3; offered at 2%4; last Foun 3%. ‘Time loans, easy; 60 days 4%; 90 ays 634; six months ¢%. Prime mercantile paper <\% @5. Silver. NEW YORK, Jan. 11—Foreign bar silver, @6c; Mexican dollars, 50%c. Metals. NEW YORK, Jan. 11—Copper— Steady; electrolytic, spot and nearby, 18% @14; futures 140. Tin—Steady; spot and nearby, 32.50; future 82.50. Iron—Steady; unchanged. Lead—Stendy; spot 4,70@4.80. Zino—Quiet; Hast St. Louls delivery, epot 4.80, Antimony—Spot 4.50. Foreign Exchange Irregular. NEW YORK, Jan. 11—Great Bri- tain—Demand 4.22%, cables 4.23. France—Demand 8.30%, cables 8.81. Italy—Demand 4.32, cables 4.82%. Belgtum — Demand 7.97%, cables 7.98, Germany — Demand .56%, cables 86.74, Holland — Demand 8 Yorway—Demand 15.55. Sweden—Demand 24.90, Denmark—Demand 19.80. Switzerland—Demand 19,37. Spain—Demand 16.98. Greece—Demand 4.37. Argentine—Demand 383.63, Brazil—Demand 13.00. Montreal 94.50. ——-_——. AND FIELD NENS ENDS PAID IN YEAR ty companies operating in the trict distributed approximately $37,105,- according to reports compiled he amount is a little less than 320 when the total was approximately uncertain business taflment of production runs, and reduced prices which prevailed the year as compared with maximum a and prices in 1920, refic: mially sound condition 0: n the Rocky Mountain dividend payme: y suspended by ring the year, the face of is and the lows: Boston-Wyoming Midwest Ol1 ((Pfa Midwest O01 n Merrico Royalt Montana Pet Mitchell Royal Natrona Pipe Line Ohio On Royalt - ON Fiel * Dividend payments suspended dur- ing the year. . T. Williams to Build Refinery. E. T. Williams Of] company has announced through {ts president its intention to construct # refinery on its lenses in Salt Creek with a charging capacity of 800 barrels a day to take off the lighter cuts on its Salt Creek crude. The plans provide for using the casinghead gasoline from the plant of the Williams Gaso- Une. company, which the B. T. Wil- Iams company owns, to blend with the output of the refinery and to mar- ket the output in Balt Creek, Casper and an Intermediate point through fill- ing stations in competition with the Midwest Refining company. OD Contract Signed. Western Of] Fields company has contracted the sale of 2,000,000 barrels of crude in the Mexia, Texas, field, at $1.10 per barrel, 10 cents above the posted price, to Col. A. E. Humphreys, trustee, delivery to commence when the fist well fs brought in. This is expec‘ed to be the Hester Ross No. 1 which has been cemented on top of the sand. Livestock Mart Omaha Prices, OMAHA, Jan. 11.—(U. 8. Bureau of Markets)}—Hogs Receipts, 14,000; market active; lght butchers, 150 and 250 higher, $7.85@7.50; stronger weights, 240 and 280-pound averages mostly 25c and 85s higher; bulk, §7@ 7.35; packing grades, $5.25@6. Cattle—Receipts, 4,300; beef steers fairly active, mostly 10c and 250 high- er; shipping grades up most; best beef steers, $7.75; she stock, bulls, veals steady to strong; packers and feeders strong. Sheep — Recetpts, 11,000; Iambs mostly 256 higher; bulk, $11.50@11.75; top lambs $12.00; sheep strong; ewe top $6; feeders 25c and 500 higher; top freding lambs, $10.75. Chicago Quotations, CHICAGO, Jan. 11—{U. 8. Bureau of Markets)}—Cattle — Receipts, 7,000; eef steers active, mostly 15¢ to 250 higher, quality plain; bulk, $6.75@ | 7.85; fat she stock and calves strong; Pala steady; stockere and feedors strong to 25e higher: bulle bol $4.35@4.50; butk vealers, §8.5009. Hogs—Recetpts, 22.000; market fatr. }ly active, mostly 150 to higher | than yesterday's average; big packers | doing top, $8.25 on 180 to 190- pound hogs; few odd lots of Light lights, $8.85; bulk, $7.6008: piss un- jeven; bulk desirable, $808.25; few at CALIFORNIA STANDARD BUYS INTO SYNDICATE LOS ANGELES, Cal., Jan. 11-—The Standard “Oil company of California hes purchased a quarter interest tn the Washington A Vandersiip syndi-| cate wheh more than a year ago re- Ported the acquisition of vast conces- sions in the Kamchatka peninsual in Siheria from the Russian soviet gov- ernment according to « story the Los Angeles Times published today. pues ta TRIO DEAD IN ITALIAN RIOT LONDON, Jan. 1i—In 2 bloody fight between Fascisti and Communists at Bergiola, near Carrara, Italy, three} persons were Killed and a dozen badly wounded, says a Times dispatch from eep—Receipts 12,900; market gen- ¥ strong to 25c > | tem | $12.85; good 95-pound ye: | | bidding rlings, $11.25; fat ewe top early, $6.75; best not sold, er Quotations, 11.—Cattle — Re- steady; beet elfers, $4.50 Deny. .. Phone 27 HAY, GRAIN AND FEED Best Quality, Lowest Price Industrial Ave. ————=—= Surveying and Locations Geologists Oil Expe:.s Oil Field Maps Blue Prints Milan. Carabineers who intervened were fired upon b: of Wyoming Map & Blue Print Co. P. O. Box 325 Rm. 10, Lyric | Chicago, Mul. °| Middla States Of .. , | Missouri! Pacific 0! People's gas New York Stocks | Associated Press Leased Wire | LAST SALEr. | Allie-Chalmers 33% | American Deet 4u | American Can ! 32% American Car and Foundry .... 142% American Hide end Lesther .. 58% | American International Corp... 39% Z 104% 44% 58% uB 116% Woolen Copper Atchison f Z Atl. Guif and W. Indies . win [Locomotive more and Ohio lehem Steel “B Canadian Pacific ...-.. mtral Teather . andier Motors . Chesapeake and Ohio and St ago , R. I. and 0 Copper ..... orado Fuel and Iron n Products ucible Steel sba Cane Sugsr Goofrich Co. os Great Northern pfd. orthern Ore Ctfs. inols Cebtral Inspiration Copper Marine pfd. . al Pape Copper Loulsyille and Nashv Mexican Petroleum ami Copper Midvale Stee! |New York Central’... . N. ¥., N. H. and Hartford . Pan-American Petroleum Penngylvania : Pittsburg and West Va. |Ray Consolidated Copper Reading Rep. Iron and Stee} . Royal Dutch, N. Y. fhe Casner Daily Hrifrne Big Indian Boston-Wyoming —— at Buck Creek —--—— 20 Burke a 13 Blackstone Salt Creek oT) Biack Tail ¢ 08 Capital Pete . 00% Columbine . 20 Consolidated Royalty 1.21 Chappell ----------——-- 28 Cow Gulch -——--—. as Domino --—---——-— 208 Elkhorn . wi E. T. Willams —-— 260 Frants 2.00 Gates 22 Jupiter 03 Kinney. - 20 Lance Creek Royalty-_ .05 06 Lusk Petroleum —-. 0a 08 Mike Henry -—-—- 05 06 Mountain Producers.. 10.00 10.25 Northwest .... 20 20 Outwest OL Picardy - Riverton Red Bank ---——--— Royalty & Producers Sunset coese Tom Bell Royalty Western Exploration. 2.50 Wind River Rerg. - o1 United Pete - Wyo-Ka: Wyo-Tex. Western States -—- NEW YCKE CURB CLOSING. Marine . -----—---—$ _ 1.37 Mtn. Producers --—-- 10.87 Merritt -----—--—. 8.25 Glenrock Oi! — 92 Salt Creek Producers. 12.50 Salt Creek Cons. — 9.00 9.50 Prod. & Refrs. ----- 4.50 5.50 Mutual Oll stan’ 6.09 6.25 Cities Service Com. -- 160.00 . 162.00 S. O. of Indiana... 84.75 85.00 LIBERTY BONDS. Second 4s -. First 44s - Shell Trans and Trad. .. vANEES RE {Shell Trans and Trad . 7 «Ke 5 ~ 200.12 | Sinclair Con. Oil .. la $38 Southern Pacific .. oa ek ae eee Southern Railway . 4 ndard Oll of N. J. pfd. 114% | Studebaker Corporation 82 Crude Market | |'Tennessee Copper . 9% |\Texas Co. ..... 3 45 25 Texas and Pacific . 25 a Tobacco Products . 63% Lance Creek =... mae 1.90 Trancontinental Of] . 10 are 2 re so 71 . Hamilton Dome ----------. law nin Pacific 126% Rock River 31. U. 8. Food Products .... % Se Sarae haz | Salt Creek -—. ; U. 8. Retail Stores . 2% Big Muddy U. 8. Ind. Aloohol . 39° | Settle -coreast Unitea States Rubber 52% 1 apa Sree aa Uniegl” States, Steel <2. §3%] TWO NEAR DEATH IN CRASH. Utah Copper ....... coy Westinghouse Electric 49%! BUTTE, Mont, Jan. 11. — James Willy's Overland 5% |Gilbert and James Mahoney of Deer American Zinc, Lead and Sm. . Butte and Superior Cala. Petroleum . Montana Power Shattuck Arizona . Pure Oil Invincible Oil General Asphalt PETROLEUM INVESTIGATION Q 22% 44% 65% At the petroleum station of the bu- reau of mines at Bartlesville, Okla., an investigation of pipeline losses due to evaporation on the trunk pipeline of the Sinclair Pipeline company has been completed. Due to the large percen- tage of high gasoline crudes, the losses on thia line will probably be somewhat higher than on a line handling aver- age crude produced in the Mid-Contt- nent field. It was found that it was necessary to collect average samples over a comparatively long period of time rather than to collect samples each day for the reason that the grav- ity of the crude going through the line varies considerably from day to day. Samples of the crude being delivered at each station were collected and shipped to the Bartlesville station for tests. Fela “mivestigations Tn ‘connection with the study of low-pressure gas burners for use in oll-field boilers, be- ing conducted at the Bartlesville sta- tio, have been completed. Steam con- sumption for various drilling opera- tions was obtained for a well being Grilled in the Burbank field from the Mme it was spudded in to a depth of about 800 feet. It was found that the amount of steam necessary for drilling at shallower depths was less than at depths of 2,506 to 8.000 fect, even though much larger tools were used. Additional tests were made at the Bartlesville station on efficiencies 07 |ditterent low-pressure burners. In this work attempts will be made to find out the pressure and loads at which each burner would be most ef- ficient. D. B. Dow, assistant organio chem- ist of the bureau of mines, has con- ducted a series of experiments at th Lodge narrowly escaped death at 10 o'clock Tuesday when North Coast limited No. large city truck they were driving, $14 completely demolishing {t. The men 35% | Jumped before the tmpact. 14%4|dent cccuwed at a crossing in Deer 58% Lodge. 1 crashed into the The acct- NOTES OF U. 9, BUREAU PIPELINE LOSES BY EUPORATION SUBJECT OF STUDY Bartlesville station to determine the pressure and temperatures developed in tank cars loaded with natural gas gasoline while in transit. Contrary to expectations it was found that the pres- sure developed in tank cars in transit was considerably less than while the cars wero standing still. This was doubtless due to the fact that the ine was constantly agitated and it was not possible for the surface of the gasoline to reach such a high tem- perature as was the case when the cars were standing. Mr. Dow has spent considerable time on methods for determining wapor tensions of natural gas gasoline; as the tests pro- ceed it becomes more evident that the present method is not satisfactory. In the investigation of the effect of Dack pressure on ofl production, being made by the bureau of mines, tests are now being carried on at high and low pressures, the wells being held at a pressure of 30 pounds for two days and then dropped to atmos- pheric pressure for two days and the difference in production noted. It is planned to continue the investigation by increasing /the pressure on each well until it is possible to note a dif- ference in oil production and then re- duce it by steps until a point is reached where the production remains unchanged. Dance Every Tuesday and Saturday Night at 933 S. POPLAR ST. Everybody Welcome Good Music and Good Time | and Constru Announce That They Are | | Telephone The Casper Manufacturing Burlington Ave. and Clark St. Truck Bodies and Cabs OUT OF THE HIGH RENT DISTRI AND PRICES PROVE IT ag Special Attention Given to Repair Work. DAY AND ction Ass’n. Now Engaged in Building 1096-J NITE AGENTS OF FRENCH OWL CONCERN | INSPECTING FIELDS OF WYOMING! May Secure Holdings in Salt Creek and Other Dis- for Big Company; France Depends upon M. E. Brunet, managing director of an oil firm which is to France what the Standard Oil company is to America, Major De Capdeville, French financier, are in Casper in- specting the oil structures of this vicinity and according to inference made are contemplating securing interests in the Salt Creek and other fields of this district. ‘Through an interpreter Major de Capdeville said that he could not talk on his business visit here at this time but consented to be interviewed about conditions in France or other topics. Both of the distinguistied visitors are members of the Knights of the withih the power of France to confer on its heroes, including the Croix de Guerre and three individual citations for bravery. Mr. Brunet ts considered one of the best artillery officers of France. He was charged with the duty of defend- ing Verdun during the German ad- vance. It ts said that the Germans Gropped 10,000 shells on his position in the first charge. His entire crew and thelr defenses were demolished by the onslaught. It was for his va- lorous service that Mr. Brunet rectived his first citation, Mr. do Capdeville served with equal distinction on the staff ci General Joffre, and played an important part in the Battle of the Somme. He paid glowing tribute to American forces and said that it was a terrific satisfac- tion to be in their sections when the hardest fighting was in progress dur- ing the war. During the battle of the Somme de Capdeville was dan- gerously wounded and spent many months in a Paris hospital. He was discharged in time to be returned to/ $1. the fighting line before the end of the war. “France, during the reconstruction period has been renewed with the kindly sympathy, and assistance of the People of the world. Tho shattered economic conditions of the country are now entirely dependent upon the payment of the indemnities imposed upo Germany,” sald de Capdeville. “Everything in France is rapidly re- turning to normal, Even in the worst devastated regions the people are re- turning. In all this area there fs no semblance of the trench and only a few scars of the war remain, because right and justice as exemplified by the| May valor of the Alles was triumphant.” In reference to the oll fields of this vicinity, Mr. de Capdeville announced that they hold the most promising prospects of the world, saying that he had personally visited every section of the world thought to contain possible ofl structures. —————<—— Tribune Classified Ads Bring Results opening 4c to %e higher, May 52%c to 53%o, They » and in- WHEAT PRICES ~UPATOPENING Strength Develops on Doubt- ful Outlook for Big Crop in Southwest. ~- DON’T FAIL TO ATTEND OUR Odds and Ends Sale on © DISHES STARTING WEDNESDAY Painted Fruit Bowls, convenient E size for many needs_.. Cake Plates, beautiful in design, at.____. Bread and Butter Plates, many designs___=-~ CHICAGO, an. 11.—Wheat prices developed strength tn the early trad- ing today owing largely to absence of confirmation of yesterday’s reports that French banks were in trouble. Besides bulls contended that hte out- look for the new crop in the southwest geemed doubtful. Selling unchanged figures higher, with May $1.09 to $1.09% ang uly 98%c to 98%o, were ‘followed by material further gains * Foreigners appeared to be liberal buyers of future deliveries of wheat, and there was talk of big export busi- ness in flour, Wheat closed strong, 1%c to 2%o net higher, with May $1.10% to $110% and July 99%o to . Commission house buying gave firm- ness to corn and oats, After the corn market scored slight general gains. Prices closed strong, 4@%o to % @%o net higher, May 534% @53%o to S3%c@5Sihc. $ 75¢e ____. 45@ 35ce*"" 40e Broken lots of Creamers, Sugars, C and Mugs, at greatly Reduce prices, ube epee eeapene Holmes HardwareCo. Wolcott and Second Sts. -Phone 601 Outs started % to %c up, May 38 to 38%c and then hardened a little more, peed rose ,with hogs and 1.10% 1.09 1.10% i% 1.00 98% 99% 52% 52% 63% 54% 54% “54% 38 38% 88% 39% 53% 54% 1% 33 38% ee ee oT Ell Slave If You Must to Earn What Vou Can, But and it would not be worth while to invest it.” worker for others—saving as they went along and investing their savings carefully. Rockefeller was a grocer’s clerk, Carnegie an office boy, Vanderbilt a deck hand, Gould a surveyor’ Marshall Field a dry goods clerk, Pullman a house mover's helper, McCormick a farm hand, Hearst a miner and so on down the line. © to invest your money in stock of the Finance Corporation of Wyo- ming, which is a going business on a money-making basis. We sell stock on the payment plan and believe that we can prove to you that stock purchased now on this plan will be worth considerably more by the time you have paid for it. Call 252 on telephone and full details will-be furnished, : 4aué Midwest Bldg.—Phone 252 AAA in the Name of Common Sense Put- What You Save to Work amount of money Some have said.-““Oh I have only a small Nearly every man who has acquired great wealth began as a ‘halos: We urge you to start saving—we offer you the opportunity é GRATIOT & COMPANY . INVESTMENT SECURITIES