Casper Daily Tribune Newspaper, February 17, 1922, Page 12

PAC iA. Al atu Ev SMonh sa bie MARNET GOSoIP AND FIELD NEWS REFINERY RUNS TO BE INCREASED Weather conditions permitting the Standard refinery here! will run between 40,000 and 45,000 barrels of oil a day start- ing March 1, according to announcements made by T. S. Cooke, general manager, yesterday. a that while such plans are being made and necessitate some alterations and corrections at the local plant that it is prob-| WHEAT PRICES WEAK AT CLOSE Crop Damage in Kansas Fails to Stay Reaction From Recent Advance. CHICAGO, Feb. 17.—Wheat declined in value today during the early trad. ing, affected chiefls by downturns in aquotations at Liverpool. Besides, numerous holders of wheat continued to show a disposition to realize profits whenever the market rallied. In some quarters there was evidence of a de- site to let go of May contracts and to take July instead because of un- favorable weather and crop reports from the southwest. Opening quota- tions, which varied from unchanged figures to %c lower, with May 1.39 to 1.39% and July 1.21% to 1.22 were followed by an irregular but general decline. Subsequently reports of high winds in Kansas were received, but the news failed to prove helpfu! in sustaining Frices, The close wrs heavy, 1% to 2%c net lower,‘with May 137% to $1.37% and July $1.20%% to $1. 20% Corn and oats eased down with Mr. Cooke announced able such a basic of refining will be established March 1. | Unfavorable weather conditions | which would delay the advent of early spring ddmnd for gasoline would alone force suspension of the plan. The present ol! supply of the plant is sald to average between 30,000 and 35,000 barrels of of] a day. Under the new arrangement the monthly n- crease in oil run at the local plants would average between 300,000 and 400,009 barrels or a revenue returr addition of approximately $500,000 for oll producers. Pipeline Runs Increased. Increased runs from Salt Creek aur- ing the past week averaging about 2,000 barrels of oll a day offset the pipeline run depreciations of other fields and as a result the week end- ing February 15 shows an increase over the previous seven-lay period of 1,330 barrels of oil daily. The depreciation was rejected main- ly in the loss of 300 barrels daily in Lost Soldier which dropped from 1,- 600 to 1,300 barrels and the loss of 100 barrels daily at Rock River and Elk Basin. Osage field for the past week show- <4 an increased delivery according to pipeline run of 50 barrels. Figures for the past week show an increase of approximately 6,800 barrels over the week ending Fetiruary 1 in daily average. The total production delivered by Pipelines in Wyoming and Montana during the past seven-day period ap- proximates 500,000 barrels, 35,000 of wheat. After opening 42% to \%c off. May 62% to 63, the corn market re- covered to some extent. In the later deaings the corn mar ket receded fhrther with wheat, al though much notice was taken of the fact that there ar+ 900,006 more hogs on the farms at present than wos the case ayear ago. Prices closed unaet- tled % to 1 to J%e net lower, with May 64% to 643%c. Oats started a shade to %c lower, May 42 to 42%, and later rallied a little. Absence of offerings made provi- sions average higher despite _con- trary action of hog and grain values. Closing Quotations. Wheat— Open. High Low. Close. May ----1.39 1.34% 1.37% 1.374 July ----1.21% 1.22% 120% 1.20% Corn— May -- 62% 63% 62% 62% July —— 64% 65% 64% 64% Oats— May ---. 42 42% 42% 414% July — 43% 43% 42% 42% Pork— May -. 21.10 Lard— May ---1142 l165 1142 11.60 July --11.75 11.85 1165 1180 Ribs— May ---1115 11.35 115 11.35 July -11-22 11.30 1117 11.25 Butter CHICAGO, Feb. 17—Butter un- changed. Eges lower; receipts 8,308 cases: firsts 34@34%c; ordinary first, 31@ 32c; miscellaneous 33@33%c. Livestock Mart | Chicago Quotations. CHICAGO, Feb. 17.—(U. S. Bureau of Markets}—Cattle—Receipts, 4,000; market fairly active, generally steady on all classes; top beef steers, $9; bulk, $7@8; bulk fat cows and heifers, $4.25 @5.75; canners and cutters mostly $2.85@3.65; bulk bologna bulls, $3.75 @4; fat bulls largely $4.35@4.75; veal calves mostly $10@10.75 to packers. Hogs—Receipts, 32,000; market fatr- ly active; steady to 10c lower than ‘Thursday's average; top, $10.40 on 160 to 170-pound averages; bulk, $9.80@ 10.25; pigs, 10¢ to 15¢ higher; bulk de- sirable 100 to 120 pounders, $9.25@ 9.40. Sheep—Receipts, 9,000; market gen- erally steady to strong; choice fat lambs to packers early, $15.50; best held higher; medium kinds around $14.75; fall shorn Texas yearlings and twos, $11.75; choice 127-pound shorn ewes, $7; desirable 67-pound shearing lambs, $13.75. Omaha Prices. OMAHA, Neb., Feb. 7.—{Onited States Bureau of Markets).—Hogs re- ceipts 12,500; generally steady to ten cents lower; bulk 180 to 210 pound butchers $9.75@9.90; top $ ers 250@300 pounds $9.40@9. ing grades $7.70@8.50. Cattle receipts 1,600; beef steers rather slow; al’ classes of stock gen- erally steady. Sheep recefpits 5,500; lambs strong; bulk $14.00@14.40; top $14.50; sheep and feeders 25c higher; choice light ewes $8.00; feeder lambs top $13.85. Denver Quotations. DENVER, Cclo., Feb. 17.—Cattle re- ccipts 72! steady; beef steers and hetfera $5.502 bulls $2.50@ 350; stockers and feeders $5.50@7.10: Hogs receipts 600; markt weak 10 cents lower; top $9.85; bulk $9.40¢¢9.70. Sheep receipts 4,100; market 23¢ higher; lambs $15.50@14.25; ews $$ 75 @7.25; fecder lambs $13.00@)12.50. — COCKTAIL TEA SCORES HIT. LONDON, Feb. 17.—Habitues of one of London’s most exclusive west end clubs are exulting over the success of the city's first “cocktail tea dance”— something new in London—at which three cocktails concerted in honor of Princess Mary, who is soon to marry, ‘were introduced. ‘They have heen christened “the Princess Mary cock- .| able which is credited to the Cat Creek field. The daily production by fields, as ganged by the pipeline delivery fol lows: Barrels. Salt Creek 40,000 Cat Creek -. 5,050 Big Muddy -. 3,950 Grass Creek __.___m.tit 2,900 Rock River _________ 3,100 Lost Soldier 1,300 Elk Basin -. 1,800 Lance Creek ———___ 700 Ferries -. 200 Osage .. ey 300 PRICE, Cte ene es 100 Miscellaneous ----________ 500 Total —____.__. 60,850 ———— Furnished by Taylor and Clay Associated Press Leased Wire | New York Stocks ICAL OIL STOCKS Bessemer -.-.-....___§ Big Indian —. - Boston Wyoming Buck Creek FOREIGN OILS ARE DEPRESSED Bears Attack Mexican Petro- leum on Reports of Well Going to Salt Water. NEW YORK, Feb. 17.—Pressure against foreign oils and other specu- lative leaders today cancelled a very large part of the recent gain in the stock market. Support was confined to minor specialties. Sales approxi- mated 675,000 shares. The market showed little resisting power when the bears made a savage attack on Mexican Petroleum on re- ports that a well had gone to salt water, Mexican Petroleum slumped 5%, Pan-American 2% and Pierce-Oil Preferred 6 points. Favorite issues were in free supply, with Studebaker, Bethlehem and Crucible Steels losing @ point or more. In the specialties considerably lower prices prevailed for some issues, United Drug yielding 2% and Adams Express 2%. The entire market was ‘more ad- 42% he Casver Daily wribune QUOTATIONS. Atreri¢an Tel., Gs, 1922.. 100% ‘American Tel., 6s, 1924 .. 100% 100% from 100% |cf town and caanot be delivered 06 ‘Armour and Company, 7s 102% 10244 / following day to make them a regular 20% Argentine, unlisted, 58 .. 74 75 |deitvery, it is agreed with the pur- at 107% |chaser that the «auvery may be de- aii 1083! Iayed. Jr this case the interest runs 30 | American : : 108 nti the Gay c1 delivery. bs American . oa +04 | Anaconda Copper 3 + 101% 87 | Atchison 4 + 108% *3e | Baldwin Locomotive . : : 101% 102, | What is seller's option? oe on 3 + 94% 97%) A sale muy bx made whereby the se-| 23° | ee : + 112° 112% | curities need not be delivered until st sl Soreness * Bebe «| the end of a specified time, as “Seller | 4 og oo r b : 34°" (10," which means thet be security is | ‘oe [Chandler Motors. + i er © se ibang [ue for Setivery'at the end of the 16th Th | CneeDenhs & Sine ©. 17 +--- oe. SRE earner ney tin rer lane” 3360 lnag.) tear waar as, pe. gptioa) te “go |Chicago, MN. ana Bt Paul...) 20 Norway, $6.) 1 105% 106% |raake delivery any tims within the 08), ] Seicawo. ST. Oe Fae. coves SOT ceatatidl) + 96% 97% iperiod by giving one duy"s notice. In- ‘oe | Shine | Copper + 26% Standara On, - 104 108% |terest stops if bonds are rot delivered ‘2g | Colorago Fuel an + 26 swift, 7s, +101 101% | acconfing to the notice. “13. [Corn Products . + 102 Swift, 7s, 1931 . = 102% 102% eed Jog | Crucible Steet . % a serese . peed rrr What is seller flat? Tom Bell Royalty .... WORE bea ee ater + ocd Western Union, te 122. 107% 107% | When bonds are co! seller fiat, the Western Exrforation. 2.30 read 9 +2 de : a |Great Northern, Sige: 26% 97% interest cranes on the day that the Wind River Retg. .... ae | eee Sees Oe ee Se woul delivered I “ea Loe Hg ° ! in the regular way ara Cade SON ie ia 4 Goodrich Co. s - 37% nu Pek Saw A Mi hy 89 |Great Northern pf. - 6% ull Wyo-Kans -. cone 1.05 I Great Northern Ore Ctfs 5 J \ D. L. Mortimer, Casper, all of 36- bap cae lieweme Spee 1 | Trinols Central ay) 3143. Western Oil Fields .. $3: |rnepteation ‘Copper 37\%B Alaska Development company, Cas-| Western States -----. 39 71 per, SEKXSW% of © 12-34-84; NW% ron Int. Mer Marine pfd. .. z } pe a eon ta okie Cacia 3 S International Paper .... - 47 bs vile Pasion her ph NEW YORK CURB CLOSING _ | jccnnecott Copper 2 amy _ [Nw ‘ ; 2 W. J. Taylor, Thermopolis, N% pes dicye RES Sra. ince $17 | Louisville and Nash 1243) H.C. Anderson, Douglas, all of 36-| ows NWuSEK; SEMNWK Of 1 Mountain Producers..$ 11,62 $ 11.87] xtexican Petroleum. ~ 119% |go-7i, iss 3 Merritt $40 8.75 | Maimi Copper ... + 26%! Robert A. Smith, Newcastle, al of |") avin, Gienrock, all of 22- Middle States Oll .......- . ee: 36-44-61. 41-91. Midvale Steel : Red Desert Of] Syndicate, es Worland, all of Missouri! Pacific : 18% weet, all of 36-23-96. gabe aie ae New York Central . + 76% | &. Skabo-Brun, Casper, all of Coal Pr tor’s 1 Granted. Ae SiN; HX nd Bastions» -- Tee aee1. Howe Oil and ‘Gas company, Howe, Norfolk and Western ......++ | G. R. Hagens, Casper, all of pasb. atl GE ROSEN. : Cities Service Com. .. 169.00 Saietien ‘Pasttie 5 79% | ga-eo, % LIBERTY BONDS Oklahoma Prod. and Ref. + 2% R. EB. Wertz, Casper, all of 348 ooo penne Pan American Petroleum .... 53 32.95, LEST YOU FORGET. a First 49 .. Pennsylvania . + 34%/| John A. Eames, Rawlins, all of Leopold Godowsky, master pi a4 Second 4s People’s Gas .. + 75% |25-s8. of classics, will appear for one night First 4s Pittsburgh and West Va. ....- 23%) Howe Oi! and Gas company, Howe, |only at the Lyric theater, Wednesday, | Second 4%e Ray Consolidated Copper + 13% !Neb., all of 16-38-93. March 1, 1922. 2-14-13t Reading .... - 74% | — = eh ¥. A 50m ° Victory 4%8 . 100.22} Royal Dutch, N. Y. .. A Shell Trans and Trad + 38% Ipe OlOWS es | Snclair’ Con. Oil . - 19 Southern Pacific : iris . Southern Railway ee ae th W. wr Crude Market | Standard Oil of 2 + 115% Se oO ; Studebaker Corporation o4 TT a ae Ta aL LOGNGSERS |) CODDSE 5 + 10% = Grass Creek -—————---—--_-___$1.90| Texas Co. .....- : + 45% The body of the Swan extends | Elk Bazin .-. 1.90] Texas and Pacific . + 30 | Lance Creek -. Sane | Tobelae Fapeae idee below the cutters far enough to Hamilton Dome -.--—------.. Transcontinen! . . a : : Rock River 858 | Union Pacific ....---.- + 120% act as a guide when the tool a Salt Creek --—--—---—-------. 1.48] Us. Food Products : * : Big Muddy —_.------=5------- 1.48] Gy g, Rotall Stores «..2. 53% underreaming. This is of great Mule Creek ~-—---—--------— ~ 1-88] ty. s. Ind. Alcohol ...... + 44% value when the formation being United States Rubber + 5A% 5 f alte ti | 4; call loans against acceptances, 3%. enter eters Steel ‘ascaee! ate underreamed is of alterna’ ing Time loans firm; 60 days, 4% @5; 90| Utah copper ..-- - 1 ft th days, 4% @5; six months, 4%@5. Westinghouse Electric = 88% stratas of hard and soft struc. Sem pang itis ice a cay fal Sela SAR Pad ture. The guide then keeps the Foreign Exchange Irregular. Butte and Superior . > 28% tool in the center of the hole and Ba NAP Ss Ua he era Sata ev paed Mores ty Aen SB 2 6mm reams a perfectly straight hole, change irregular. G . z y mand 4.36; cables 4.25%; six day Bille Same, Arizona 2) 33% instead of offsetting or key seat- on barks 4.32%. Trunce Demand | Pure ie . 1 o : 8.74%; cables 8.75. Italy demand 4.85; | Invincible se : : n ing as is the case with under- cables 4.85%. Belgium demand 8.43%; |Ceneral Asp! : : z cables 8.44. Germany demand 4°% reamers not so constructed. cables 38%. Holland demand 37. cables 37.61. Norway demand 17 Sweden demand 26.58, Denmark de mand 20.69; Switzerland demand 19.49. Spain demand 15.7%; Greece demand 5.54; Poland demand 05c; Czecho-Sto- vakia demand 1.39; Argentine demand 36.75; Brazil demand 13.50; Montrea: 36%. ‘We can all eat Premium ham at Corporation Income Tax Blanks NOW READY Reimerth & Van Denberg Public Accountants TAX SPECIALISTS taps rage ae COLD GRIPS GOTHAM. NEW YORK, Feb. 17.—Thermom- cters registered an unofficial low rec- ord for the year here this morning when the cold that gripped the city sent the mercury down to four de- grees above zero. 7 It drove hundreds to seek shelter. Surveying and Locations Geologists Oil Experts Oil Field Maps, Blue Prints WYOMING MAP AND versely affected in the final hour when Mexican Petroleum extended its loss to almost seven points on in- creased liquidation. The closing was heavy. NEW YORK, Feb. 17.--Shippings and rails of the investment class lift- ed the average of prices substantially at the opening of today's stock mar- ket, but gains soon were cancelled as a result of renewd pressure against oils and independent steels. Initial quotations reflected further buying of United Fruit, Union Pacific, Southern Pacific, Mercantile Marine preferred, Lehigh Valley and Reading. Shorts made a drive against Mexican Pe- troleum, probably on rumors of an increase export tax and Crucible Steel reacted one point. Fractional losses were made by Anaconda Copper, Peoples Gas and Corn Products. Much of the early selling was trace- to professional sources and seemed to be based on the unfavor- able annual report of the United States Rubber company. The stock was well supported, however, yielding only fractionally. Gulf States Steel, Baldwin and Studebaker were heavy, Crucible and Mexican Petroleum showed marked depression, losing two points. The rally before noon was led by in- active specialties of the food and text- ile varieties, also General Asphalt and American Can. Call money opened and renewed at 4 per cent. Metals. NEW YORK, Feb. 17.—Copper— Easy; electrolytic, spot and near by, 13@13%c; later, 13% @13%e. Tin—Fasy; spot and near by, $30.25; futures, $30@30.12. Iron—Steady; prices unchanged. Lead—Steady; spot, $4.70@4.80. Zine—Quiet; East St. Louis deliv- ery spot, $4.50@4.55. Antimony—Spote $4.40. Money, NEW YORK, Feb. 17—can money tail,” “the wedding ball” and “the roy- al smile.” | steady; high, 4; low, 4; ruling rate, 4; closing bid, 34; offered at 4; last loan, SE BLUE PRINT CO. P. O. Box 325 Room 10, Daly Bldg. 4th Floor O-S Bldg. Phone 767 cents pound. Norris Company Market. 31 wares i xy 34 { in rier Ade Weeah a ra IT IS FOR THIS REASON THAT THE CASING ALWAYS FOLLOWS THE SWAN You Can Buy or Rent One THE BRIDGEPORT MACHINE COMPANY Underreamer Factory, Marietta, Ohio Branches—Tulsa, Kaw, Ft. Worth, Ranger, DOWN General Offices, Augusta, Kansas Rising Star, Breckenridge, i El Dorado, Florence | South Bend Save this series of ads. It means real money later to you. HOLMES’ Sales and Price Talk No. 5 Speaking of success in life, the late James J. Hill, aR builder, said: “If you want to know, whether you are destined to be a success ora failure in life, you can easily find out. The test is simple, and it is infallible. Are you able to save money? If not, drop out. You will lose. You may think not, but you will lose as sure as you live. The seed of suc- cess is not in you.” Our Way to Save is to Shave Yourself one of our Enders Razors at 69c each for 30 days. If not satisfactory return it. . Tents and Folding Cots at New Low Prices. Holmes Hardware Co. Phone 601 We deliver to all parts of the city, but please help us by carrying home with you all small articles. WHY PAY ance very easy terms, uses on the rear of the lot. We will sell you a oat: for small payment down and bal- ‘onthly are as low as $25 per month, aartn a short time the property is yours, or you can buy a lot for 10 per cent down, balance $10 ES month, and you can build your own house. Midwest Heights Realty Company Room 233 Midwest Bldg. HIGH RENT! mnents on some of our houses We allow small Phone 1040W. have in mind. rial and the cost. We Would Be Very Glad To Figure On any building or improvement you might If you have an idea what you would like but don’t know exactly what it will take in material, come in and give us yourideas. We will figure the bill of mate- 0. L.Walker Lumber Ce. West Railroad Avenue Phone 240 FRIDAY, FEBRUARY 17, 1922. Are You One of the Many Who Are Taking Advantage Of Our CLEAN-UP WHY NOT? A look in our windows will convince you that our CLEAN-UP SALE means a saving of DOLLARS toyou. Our policy is to clean our shelves and racks at the end of each season, and you bet we will do it if QUAL- ITY and PRICE will do the trick. See Our Windows and Get Our Prices---Nuff Said! Solid Leather Work Shoes as'Low as Men’s Woolen Union Suits Per Garment Solid Leather Heavy Ribbed or Boys’ School Shoes | Fleece-Lined Men’s as Low as Union Suits 95° Woolen Hose Per. Pair 15° Union Made .- Overalls Blue Buckle 75 Men’s Suspenders Per Pair 25° Men’s Suits of Quality as Low as LEARNER 260 So. Center St, Casper, Wyo. The Home of Ralton Shoes and Sweet-Orr Work Clothes. :