Casper Daily Tribune Newspaper, January 28, 1922, Page 8

PAGE EIGHT MARKET GOSoIP AND FIELD NEWS CAT GREEK PIPELINE RATE 19 GUT Beginning February 1 pipeline carriers will receive 20 cents a barrel for petroleum delivered from the Cat Creek, Montana, field to the reilroad at Winnett, according to an erder announced by the Montana state railroad commission. he Casver. Daily Cridune American American 20 American a American 33 American ae American 00% American American a es) American Woolen ie Anaconda Copper Cd Atchison ....... -10 Atl, Gulf and Ww. oe Baldwin Locomotive a7 Baltimore and Ohio 56 Bethiehem Steel B 3.10 Canadian Pacific . e Central Leather ; a Chandler Motors <1... 02% Chesapeake and Ohio 20 Chicago, Mu. and St. Paul 205 Chicago, R. I. and Pac. 08 Chino Copper ....... 06 Colorado Fuel and Iron 73 Corn Products . r Crucible Steel med 02 04 Riverton Refg. 08 $4 | ed Bank ose 21 28 6% 8) royalty M1 Producers 12 1 jim [Sunset ... 03 Iitinois Ceutrar 131%] com Bell Royalty .......03 Inspiration Copper... 28% 1] Western Exploration.. 2.25 int. Mer, Marine pfd. . ; 66%, | Wind River Retg. o1 International Paper : 49° | Unttea Pete — 03 Kennecott ‘Copper 28% |Wyo-Kans ., os 1.00 Louisville and Wyo-Tex. Vestern Exploration - 2.25 oe Btntes oft 3 “estern Of Fields 85 idvale 0. F. Rites 9 Missouri : oil -30 32 New York Central . Western Stat 25 27 . ¥., N. H. and He-tford sees Norfolk and Western . rthern Pacific NEW YORK CURB CLOSING. Oklahoma Pro. and Ref. farine | ...60+06+ 150 § 1.75 Pan-American Petroleum . fountain 11.00 11.25 acne ferritt 9.25 (87 . - 6? Henrock Ol 98 nd’ West’ V . 24 uit Creek Producers 13.50 ‘consolidated poe . . 144 it Creek Con. 8 reading . 1 od and Refrs. ne ere + phat | stutual on 6.00 ‘Trans and Tra * 38a | Zitles Service Com 166.00 clair ¢ fe * Jea|S. 0. Indiana $5.12 Southern 3 outheen ; ‘ LIBERTY BONDS. andard Oil of N. J. pia ; -9 95.84 Corporation : + 96.49 Copper... ; + 96.00 Texas Co." .. : < iae0 Texas and Pacific ... . A Tobacco Products |... F “aane Transcontinental Ol . + Third Ks + 97.10 Union Pacific: ......: 4 | Fourth 449° + 96.26 U. 8. Food Products | 6% | Victory 4 coos 100.24 U 8 Retail: Stores ete ER U.S. Ind Alcohol ::: 43% Wnited States Rubber . 63% | nited States Steel 85 lah Copper sa ‘Crude Market | Westinghouse E 50% ———|| Willy's Overland 5%] American Zinc, Lead and Sm... 18% | Grass Creel ee Butte and Superior 26°) Mik Basi SMe Cala. Petroleum . Lance Creek Montana Power Shattack Arizona Big Muddy - Mule Creek LARGE SECTION OF OL RESERVOIRS LEFT UNORAINED EXHAUSTION OF bas FLOW GHUSES LOSS IN GROUND WASHINGTON, Jan, 28—Whilo diplomatis bicker and bluster over the control of remote corners of the world supposed to contain deposits of that General Asphalt precious fluid, petroleum, large quantities of oll, perhaps as much as 60 or 80 per cent of the original reservoirs, are left underground in the United States when wells are abandoned because no means have been determined whereby it is possible to recover more than a small percentage of the oll, according to A. W. Ambrose, chief petroleum technologist of the bureau of mines. This failure to effect a greater recovery of the underground oll is due to the exhaustion of the sub- terranean gas flow, says Mr. Ambrose. Tho manner in which gas serves as an expulsive medium was recently shown by an experiment at the Pe- troleum Experiment station of the bureau of.mines. A steel container about three feet long and three inches in diameter was filled with sand which was then thoroughly saturated with oil, The amosnt of ofl introduced was Ing how much ofl would drain out, but the capillary force exerted on the oll Was so great that only a negligible quantity oz of] drained from the sand. “This simple experiment empha- sized the fact that gas is the predomi- nant factor in moving oll to the wel) and that when the gas is gone the pro- duction is gone,” declared Mr. Am- brose. “In any event, it is unques- onable that large quantities of ol! are left underground, and, whether the figure is 60 per cent or 80 per cent, it is too large. In certain parts Upward at Opening of Short Session. Jan. including many —_—— , Livestock Mart =e = steel, copper, equipment, oil and sugar groups, most of which have been mentioned in connection with the prospective con- solidations, trading in the stock market this week was dull and uncertain. half a score of issues, Including such recent favorites as Gulf States Steel, < Davison Chemical and several of the low-priced motors and subsidiaries. reguiar, although labor conditions, better earnings and the probability of | a retention of prevailing freight rates invited moderate buying of low rrs0e : ‘The money market reflected tm- ° b pending demands from agricultaral centers, call loans again rising to 6 per cent. Most of the week's demand lower, ‘however, with free supply of time funds for commercial paper and bank acceptances. Foreign exchange convhued to ex NEW YORK, an politics, but « brisk rise in remit tances to London ard Paris wtas ac jin the course of today’s short stock companied by reports that he British|market sessiun. American Ice, Na and French governments were coming} tional Biscuit preferred Remington tions. and Kresge rose 2 to § points. Among ‘ representative ocks Mercantile Ma ine preferred General Electric, Mex can I ‘oleum, People’s Gas and As ee Rails were neglected, excep: a 2 point rise in Norfolk & South oe The closing was firm. Sales ap Chicago Prices. proximated 6.000 shares. Liberty tf of Markets)—Cattle — Receipts, 500.) compared with a week ago. beef stec’ mT, ae cod better grade fat she stock most-| NEW YORK, Jan. 28.\-trading on ly steady; good and choice heavy|the stock exchange at the opening of steers aout 25¢ today’s session were curtailed by the re ed beef vs and bulls recta A re bighacs, Val calves , houses being out of commission, Price BS) 7 nd feed-| Were irregular but mainly upward mostly 75¢ higher, stockers @ ed Colic Heaphanheuamaebeerel ees a further gain of 1% on its better fi NEW YORK, Jan. 28.—Apart from selected issues of the A very large portion of the daily dealings centered around Rails were hesitant. when not [r- issues. funds were placed at 5 per cent or press the uncertain state of Europe-|spoculative su.res, together on important economic ques. | Typewriter, ciated Dry Goods gained 1 to 1% CHICAGO, Jan. 28.—(U. 8 Bureau}5¥°s %nd most other bonds were inves eb Beep Since: tanh 9 jStorm, the wires of many commissior ers 25c lower. po ne! 0; iy 10 | Howe—Recetpts, 8,000; mostiy 100) 7 cial condition and American Ice to 26c higher than Friday's averare|cose 3 pointe. Pools were active in losing weak; ehippers bought about < Ee ? o , A Norete hold jchemicals, shippings and ities, the 1,000; Indications of moderate old (a ee a ee ae tit ty nver; top, $1 on 140 to 180-pound | FOC, and Peeples Gas. iverages; bulk, $8.60@%; ples slow, "ew strong wel¢hts up to $9.25. Sheep—Receipts, 6,000; today’s re velpts nearfy all packers direct; few toads on sale went steady at $15.50@ Foreign Exchange Firm. tain—Demand 4.24%, cables 4.25%. France—Demand 8.19%, cables 8.20. 13.75; compared with a week ago, best - F fat lamba 40c to 60c higher, fat year-| Ttaly—Demand 4.46%. cables 4.47. Any amount—a dollar or more—is enough ‘Ings about 50¢ higher, fat sheep, feed- elgium — Demand 4.45%, cables r lambs and medium grade fat lamb: nostly 25c up. a . G. ; Omaha Quotations. 3 ore and Demand 26.69, OMAHA, Jan. 28.—(U. 8. Bureau of |°°°%. Markets).—-Hogs—Recetpts 6,000» fair-| Norway ame od See eric cighon tha ener | Sweden—Demand 25.10. y activo, 10 to 2bc higher than yester-| 1) .nmark—Demand 19.96. day's average; 180 to 210 pound buteh-} svitseriand—Demand 19.62 ers mostly $8.60@8.80; bulk of aales| frirernnd Demand $8.25@8.65; top $8.80. Greece—Demand 4.38. known by weight and measurement. After the sand had been saturated, gas was forced into the container under of the Appalfachian fields, the prao- ties of forcing compressed air or gas into a central well, from where it goes to adjoining wells and carries the ; The former rate has been 8214 cents a barrel. The com- : panies affected are the Elk Basin Consolidated Petroleum ee company, which carries the bulk of the crude, and the Independent Pipe : 1 line company, the former having | transported about 1,500,000 barrels | since August, 1920, and the Independ- ent concern about 3,600 barrels. “We are forced to conclude that there does not now exist in the Cat Creek field, and there is not imml- i nent, a state of substantial competi- tion between the Elk Basin and the Independent pipeline carries,” the or- |der says, In reference to the former Continued Demand in Liver-| rate of 32% cants the order also pool and Buenos Aires states “it has become increasingly 1 Lends Strength. nd now secms certain that pect es the rates prescribed primarily for the 1 protection of that line (the Independ: CHICAGO, Jan. -—Wheat was un-| « company), are not and cannot @er the tnfi r serve their purpose because there ts Liverpool substantial quantity of oil avail t Chicago board of tra able to it for carriage. A rate of a : First prices were & barrel based on the Decer ier run of t the Independent carrier would not de ’ fray one its mo finan There was a-good class of com! cial requirementa.” (tt Get’ forth. r house buying, partly by a hoy pak t foreign connections. aAvance ¢ wu tinned until checked by selling on rest Drilling Resumed a ing orders at around $1.17% for May.| The Thompson-Elk Basin Of & Gas c The undertone held firm company has resumed work on its { Wheat advanced to a new high on south of the Elk Basin field, te the present nm and wile there| Wro., at 1,100 feet following a shut sean aie t for May,| of several days occasioned by iui eating ls weather. ‘Tha company ex: finally absorbe | pects to carr inch hole to a 70 thereafter w y ff 1,600 feet 1 was arourd the top 1s 31.18% to $1.18% and Holes Must Be Plugged. 7 to $1.04% rn! issued by the ! > grains were ut higher | T a au ft mines and in thy wit wheat. May corn} cou inls in Montana that the opened % to %o I t the plugging of % and July was % ba be ‘gorousl. ats were Ke ry enforced. Attention is called to the y%o, and J fact that water holes adjoining Sorn strengthened with wheat and! yved territory and which are not finished around %c up for |plugged endanger good producing ‘The final prices showed callie b4%ec and J par EL Provisions Midway Test Down 2,700 Feet. vance of 10 to Midwest Refining company is 4rill- best buyers. del ing at about 2.700 feet in its test of condition of th a pe heres |the Midway structure between Casper tater d se ad selling ‘of May ter “ a alt Ci k. The well is on section 4 tyes) nh ALS So Deep test wells of the Mid-Northern ue 1 3 & $1.18%] ana Frantz corporation's holdings in ‘ 1.04% | the Cat Creek, Mont., field have been cao: | Projected for the coming spring, ac- 54% | cording to Montana advices, Bfforts 56% to determine whether there fs another eal producing sand in the field will be rs e, it is stated Chile Defers 3 4 ly 0.85 2. rh 1010 Appointment ne | ‘ae ay JOR. woe p= — - ard May . 9.22 9.30 | Of Mediator ar. ay Butter, Eggs, Poultry. * CHICAGO, Jan, 28.—Butter—High- a ne er; crsunery extras, 36%; firsts, 30@ |, SANTIAGO, Chila Jan. 28, — (By ay 5c; seconds, 27@29c; standards, 33%0.| Th® Associated Press)—The appoint- + | proposed e frats, 34c; ordinary firfsts, 30@31c;| Settle differences between Chile and CE miscellaneous 32@33c; refrigerator! ery arising from the treaty of An- 5 € ati akc ‘ con hag been deferred, it was stated B5¢ Poultegs Alive, ; unchanged. after a cabinet meoting. 4c areas The newspaper La Naciort in an ed- Eg REQUISITION itorial on the conference, asserts that at DES 8, Towa, it should bo clearly established before ied request of Sheriff W. F. Jo the Chilean envoys embark for Wash- cat Fresno, Cal. Governor Kandall|ington that the negotiations shall not issued a requisition for the return tojalter the terms of the tredty, which Fo that county of Henry Bernie, also|was the basis of the nortif American rir known as Henry. Ballinger. Bernte| invitation and of Chile's acceptance." was arrested at Davenport. He is —— yE! wanted in California on an embezzle-| You get the best results by using ment charge. he Tribune classified columns. DE foie = ADVANCE INW a8 ~. WEEK BASED ON FOREIGN GAINS ‘OR ss CHICAGO, Jan. 28.—Upturns here in the price of wheat = this week have come about largely as a reflection of market changes at Liverpool and Buenos Aires, and because of fears an for the safety of the domestic winter in Kansas and Okla- na homa. Wheat quotations here this morning as compared visible supply and of the bonded F stock of wheat in the United States. pr Assertions that foreign advances in Be wheat prices were at least in part due nae to fluctuations in rates of exchange fafled to have any noticeable effect | ea on sentiment here, and toward the! "OF «week end in particular t arket ar was on tho upgrade with renewed re-| 7 art call Ash 92 Monuments and Markers to Go at Cost. a Moving my place of business further east on Second street to = avoid handling my large monument stock twice I offer everything at a}! cost. Don't be misled by those silver tongued commissioned monu- ~ ment salesmen from out of town. I invite you to bring any or all ee ‘of those commissioned salesmen along with you to my showroom and FOI have them compare their prices. I will prove to you in their pres- oes ence that during this sale I am selling the same stones as they are sro at from 30 to 80 per cent less than they are. Carved lamb tomb- — stones for children’s graves I quote you at $30, they usually quote you from $60 to $75. Three-ton family granite monuments all 1 Polished which they usually quote at $1,000, I am selling now for with a week ago, were 7c to 23¢c net higher, corn was up a shade to %c, oats %@%c to %c_ ports current that the crop outlook in and provisions 2% to 70c. Kansas and Oklahoma was for much Considerable attention by wheat! abandoned acreage, the result of cold traders was given to an opinion from | and drought a British authority prospective scarcity of supplies for! a importing countries. This view w: suppo.tted to some extent by a redu tion of 30,000,000 bushels in final es. timates of the Canadian crop and by| a liberal decrease of the United States pointing to @! Liberal export buying of corn gave le firmneas to the corn market $/and to oats as well. | Provisions continued to respond to the smallness of stocks on hand. #600 and all other monuments on the same scale. Do not mias getting my prices. All orders taken now will be for Decoration @ay. Work guaranteed. Also leave your order for a cement curb around the burying lot Examine my work at the cemetery and @ pressure of 200 pounds to the square inch, Then a valve at one end was opened and the gas allowed to escape bringing with it perhaps 18 per cent of the of] put into the container. ofl with it, has caused wells to pro- duce as much ofl as they had up to the point- when considered ready for abandonment. There are undoubtedly In other experiments, the amount] ther means of effecting a greater of off recovered varied from 15 to 25|Fecovery and these questions should per cent depending on the pressure be studied and applied before the wells and other conditions. After the gas|®re abandoned.” es te had forced out 18 per cent of the oil, the container was held in a vertical Transo Cigars. position for the purpose of determin- Pyke. Carpenters Notice Changes in our local by-iaws regarding contingent fund and a combination of offices will be voted upon Monday night, January 30. You should be present. CO. S. THOMPSON, Recording Secretary. Signed: LIGHT LUNCHES Weisel (Milwaukee) Sausages and Chase & Sanborn Coffee. OPEN 8 A. M. TO MIDNIGHT GIVE US A TRIAL CARR & TREBER you be the judge. ROBERT SIMPSON Casper Monument Works, 505 East Second street. Phone 957W. POSES OSOOSO 204 S. Center St. Grand Central Bldg. PP POOOOSOSD 2 Settle Receipts 60 compared with] Poyana—memant 0 wo; beef steors 15 to 26c ower: | eon siovakin, Demand 1.92, she stock fully stead dulls wea: AREORUNE-DGHiAA oe “gee veals 260 higher; stockers and feeders | Armenting “Demand. 3 strong. % Ata manic 600; compared with! | Montreal’ 9b4%4- 0: lainbs to 35¢ higher; Peeing 50c to $1 00 higher; sh and feeders mostty 50c higher. Denver Quotations. DENVER, Jan. 28.—Cattle — Re- cetpts, 100; market closing 250 and 40c higher for week; beef steers, $6 @7.50; cows and heifers, $4.50@6. calves, $8.50@11; bulls, $2.50@4; stock ers and feeders, $5@6.55. Hogs—Receipts, 600; market 10c higher; top, $8.76; bulk, $8.25@8.60. Sheep — Receipts, 2,800; market strong; lambs, $11.65@11.90; ewes, - 38.60@6.75; feeder lambs, $11.50@12. | Phone 27 Silver." ||} HAY, GRAIN AND FEED NEW YORK, Jan. 28.—Foreign bar Best Quality, Lowest Price allver, $6%4e; Mexican dollars 49%c, | oe industrial Ave. Meet me at The Sracketinane. Good in the Most ous Kind of Service IL transportation, partiiularly over rough country roads, is the kind of work that taxes a truck’s endurance to the utmost. A great many Oldsmobile Economy Trucks are highly successful in this strenuous service. Simple, sturdy four-cylinder engine and internal gear drive provide ample power; oyersize pneumatic tires and extra long springs make possible high speed; substantial quality throughout assures dependability, This truck will adapt itself—~econom- ically—to your work, Let us-prove it Chassis $1,345 Delivered in Casper. Wyoming Oldsmobile Co. 454 E. Yellowstone, Corner Kimball Phone 987 OXY-ACETYLENE WELDING SERVICE SATISFACTION WORK GUARANTEED Steen & Shaull Welding Co. East Second and Yellowstone Phone 628J CASPER, WYO. Prices Irregular but Mainly 28.—Various vbscure issues were bid up by pools May Department Stores NEW YORK, Jan. 28.—Great Bri- ormany, — Demand .49%, cables cables SATURDAY, JANUARY 28, 1922. RAI“ROAD STORING ICE. mer season as a result of the frigid | LUSK, Wy, Jan. 6 Witty car-| weather of this month. The ice har- polite: einen eens Vinee: here gormubie preteens go by the Chicago & Northwestern | tion of.the state and the product is colons foe Masiaedag: iv ater uate! eumaptionany tite. At the Hub Theater Today and Sunday. 1 WOMEN’S SAVINGS ACCOUNTS Are always given special attention by the CASPER NATIONAL because the wife, as arule, handles the household funds, and, therefore, the family savings largely de- pend upon her. Your household savings account should be carried with this institu- tion where the money earns 4 per cent com- pound interest. to start a savings acccunt. WTI 32 Years of Service May We Serve You? Casper National Bank CASPER, WYO. ‘ . Under United States Government Supervision. BROWN’S IN TOWN SUNDAY HOLMES HARDWARE COMPANY The Home of Service and Quality See our Gas Stoves before buying. The prices have been reduced again and our guarantee is “Satisfaction or your money bac HOLMES TO HOMES . Phone 601