Casper Daily Tribune Newspaper, February 21, 1922, Page 8

PACE EIGHT MAKET GOSSIP AND FIELD NEWS) os NEW WELL OPENED IN BIG MUDD Oil Securities by Taylor and Clay ———___ __-_____—_—_—__4 LOCAL OIL STOCKS Bessemer .______§ 23 Big Indian 23 | Boston Wyoming —_ .68 ) Buck Creek 16 | Burke eS Black Stone Salt Creek 36 The first completion in the Big Muddy field in muny/Biack Tau months was reported during the past weeek by the Midwest | Capital Pete Refining company. The weil was completed on the Barber C2 lease on section 2 tapped at The first Wall Creek sand was'c The well will be a comparatively small|cow Guich producer and wil! be a pumper. WHEAT RALLIES, HTS NEW TOP Rush of Buying Marks Clos-| ing Hours in Chicago Market. ich varied May to $1.46 to was followed by @ material trop and then something of and J fresh reports of wide tion of the domestic to a rush of buying and July both to new high pri rds for the sex preholiday profitttaking sales, ught about another setback. unsettled 1% to 1%c net lower, with May $1.443 to $1.45 and July $1.26 to 126%. Corn and oats were easier in sym- pathy with wheat. After opening un- changed to %c and %ec off, May 63%0 to 63%c, the corn market sagged a Iittle more but then recovered. Active export demand caused an ad- ance later to the highest prices yet the present crop. Tho market ed nervous, % to 1 cent net higher, with May 64% to 64%c. Oats started unchanged to %e low- ex, May 41%$c to 41%c, and later de- elined all around, before showing a rally. Provisions were higher, reflecting a n upturn in hog values. Lard touched a new high price record for the season. Giosing Quotations. High. Low. Close AT% 144% 144% 1.25% 1.26% | 62% 4% 64% 65 41% 42% 41% 42% | Western Cat Creek Shipmenta, The Cat Creek field during the last half of 1921 produced nearly 2,000,000 barrels of oil as shown by pipeline figures recently made public. The total for the period was 865,799.74 bar- rels of ofl. October showed the great-| est oil movement when nearly 5,000 barrels of oil a Gay was rua through the pipelines. A total of 147,670.76 barreis was credited during the month |The production showed a decilen un-| 112,066 barrels was run in December. til nh the forced abandon which the Midwes. was conducting on north of Casper. hut down at a depth of operations will be sus more favorable condi s in the spring. Billie Creek Test Drilling. The test of the Billie Creek field in Johnson county, south of Buffrlo, the seat is making hole again. The hole has now passed the 1,250 foot mark where 12%-inch casing was set. This important test is being jointly conducted by the Carter Oil company, ploration company and Royalty Oi com- b> the Consolidated Actiyity at Pine Mountain. The Pino Mountain field west of Casper is due important testing oper- ations during the summer months, according to plans that are being out- ined or carried out by operating com- panies. The California Of company has Alaska Development company is erecting a standard outfit to replace deepen the hole from 1,800 feet to lower producing horizons. ‘This test is on the holdings of the ola Wyoming Exploration company, which were re- cently taken over by the Alaska-De- velopment company. Farge Test Making Progres). The Fargo Oil company deep test well which is now, underway in the Spider field is one of the most portact tests which are underway in the ficlds immediately west of Cas- per. The company has made an ap- propriation to drill to a depth of 4,- 000 fect if necessary in an endeavor to tap what is believed will be lucra- tive producing oil sands underneath the stratas of the field. Delayed for several weeks because primarily to unfavorable weather con! ditions, the well is again making hole of fishing jobs and other trouble due past the 1,400-foot mark. ‘This test is located on the south half of section 1-33-83. Crade Prico Report Penile. ‘The investigation recently under- taken by tho officials of the Bureau started drilling on section 2-34-84 and/ has a hole at a depth of 175 feet. The} machine tools on well No. 4 and will/ jumbine Consolidated Royalty. Me. | Domino — Elkhorn ...--... E. T. Wiliams |Prants } Gates 2... )Supiter 2.2... | Kinn | Mike Henry ...... |Mountaia and Gulf . |Northwest . | Outwest Picardy ~——. | Royalty and Sunse:. Producers Tom Bell 5 | Western Expgoration. Wind River Rerg. . United Pete . Western Oll Fields . Wyo-Kans . Wyo-Tex. — | Western On Fields .. Western States . |X on | Mountain Producers Merritt .... Glenrock Of . Salt Creek Prods .-.. Salt Creek Cons ..-« |Pred. and Refrs. .... Marine Mutual . 00 86.50 174.00 |Ficet 45 |Secona 4s -------- ‘Third 4%s 97.00 a> 100.26 Crude Market $1.90 1.99 1. 140 | Mule Creek .—. 13 GAINS RECORDED WN STOCK MART High Grade Issues Record Advance of From 1 to 4 Points Today. NEW YORK, Feb. 21—High grade (fhe Casner Daily eefonne New York Stocks Associzted Press Leased Wire ———————— ~ | aed Baldwin Locomotive .... Baltimore and Ohio .-..-+----« Bethlehem Steel “5B” Canadian Pacific ....-.-----.. Central Leather --.-~----~-+ Chandler Motors .-..-.. Chesapeake & Obie ... aoe Chicago, MIL, ang St. Paul .... thicago, R. I. and Pi Chino Copper .. eocesesie Colorado Fuel and Iron .. Corn Products . bs 61 107% 81% 62% 154%] ieneral Asphalt seneral Electric enerai Motors joodrich Co. ireat Northern pfd. dlaols Centrar’... nspiration Copper international Harvester nt. Mer. Marine pfd. nternational Paper Invincible Oil .. Mexican Petroleun( ‘ | Milam! Copper Middle States Oil Midvale Steet Missourl Pacific . New York Central ¥., N. H. and Hartford Norfolk and Western Pacific Ol Pan American Petroleum Pennsylvania ----++-+--+-0e+e- People’s Gas --.-—-. Ray Consolidated Copper . toyal Dutch, N. ¥. ears Roebuck . Sinclair Con, OD ovthern Pacific . Southern Railway sandarg Oil of N. J. Tennessee Copper Texas Co. .--.s--000 Texas and Pacific Cobacco Products Transcontinental Oil Union Pacific ...-.... United Retail Sotres U. 8. Ind. Alcohol United States Rubbe: United States. Steel Jtah Copper Westinghouse Willys Overland American Zinc, Lead and Sm. Sutte and Superior Cala. Petroleum Montana Power ... Shattuck Arizona ferred, Central Leather, American Woolen, Sears-Roebuck and Montgom- 14 [Parties to the sult. of Mines to determine what would be a fair differential between prices of crude ofl in Wyoming and in the Mid Continent field, the of] to be of the same grade is about completed accord- ing to announcements recently made here. This important probe is under the supervision of F. B. Tough, su- 21—Butter lower; creamery extras 36c; firsts, 31@35c; seconds 28@20c; standards 34%c. Eggs lower; receipts 13,638 cases; issues of the railway, steel, equipment| ery Ward rose 1 to almost 4 points. and miscellancous groups, featured| Local utilities were the only | weak the more confident accumulation of} features, the various traction stocks stocks today at gains of 1 to 4 points.| and bonds falling 2 to 3 points as a Sales approximated $00,000 shares. result of the cut tn valuations an* ‘The market ezperienced a’ s'ary| nounced by the transit commission. eettack when Mexican Petroleum Call money opened and renewed until suddenly Gropped five points on active firsts 26c; ordinary first 23@24c; mis- ceflaneous ee. | Livestock M art | | Thursday at 6 per cent pervisor of drilling operations on fed- sexing. Rumors were circuiated that eral lands and H. H. Hill superintend-)there was another hitch in the settle- ert of tho Bartlesville, Okla, office.|mept of the exports oll tax negctla- New Producer in Osace. ‘The Jones well on the southéast quarter of section 18-46-63 of the duction is indicated. Chicago Prices. CHICAGO, Feb. 21—<United States! f steers and she stock slow, eady; quality plain; early| teers $9.00; bulk steers $7.25 5; beef bulls largety| $4.50@5.00; veal calves steady; bulk} vealers $10.00@@10.75; stockers and feeders firm | Hogs receipts 28,000; slow, steady| te 10c higher than yesterday’s S| age; mostly 5 to 10c higher; top $10.65 on 150 to 190 pound average; bulk $10.10@10.60; pigs strong to 25c high-| er; bulk desirable 100 to 120 pound| $9.75@10.00; sonme stronger weights up te $10.40. | Sheep receipts 19,000; generally] steady to strong: ice Colorado and Nebraska fed lambs $16.15; good Ida- hos $15.10; Texas shorn lambs $13.25; fall shorn Texas yearlings and two: $12.25; light short ewes $7.50. Denver Quotations. DENVER, Colo., Feb. 2 ‘ket stead: Cattle re- y to strong; @ ers $5.00@@7.00; calves $8.00@@3.50 bulls $2.50@3.50; atockers and feoders| $6,00@7.00. Hogs recetpts 2,600; market 10 cents higher; top $10.15; bulk $9.40@1 heep receipts 3,100; gher; lambs $14,75@15.00; 7.50% feeder larhbs $13.00@13 Omaha Quotationss. OMAHA, Neb., Feb. 21.—(U. 8. Bu reau of Markets}—Hog receipts, 15 000; market fairly active, strong to Qc higher; 189 to 210-pound butch- ers, $9.80@9.90; latter price top: butcher's, to 300-pound, $9.60@ 9.80; packing grades, $8@8.50. Cattle receipts, 7,500; beef steers, steady to 15e higher; top, $8.10; she stock and buljx fairly steady; veals 26c higher; stockers and feeders un- changed. Sheep receipts, 10,000; lambs 25¢ and 40c higher; bulk, $15@15.50; top, | 5; sheep yearlings and feeders best ewes, $8: earing lambs, | i The test well of the Miller-Guir will be completed this spring, advices from company officials at Portland, Ore., state. ‘Thompson-Eik Basin Test. ‘The Thompson-Elk Basin Oil com- pany is carrying 10-inch casing below 1,200 feet in its test south of the Blk Basin field in Northern Wyoming, having resumed Operatiorn after a shutdown of several days occasioned by cold weather. New Wildeat Near Upton. ‘The Wyoming Development syndi- cate is moving a rig to the Haden Ray ranch, three miles west of Up- ton, Wyo., where a test will be started immediately on holdings in sections 1 and 32-48-65. Upton interests are inancing the venture. dark a LEST YOU FORGET. Leopold Godowsky, master pianists of et 8, will appear for one night only at the Lyric theater, Wednesday, March 1, 1922. 2-14-13t The Union Mill Co. Is prepared to take care of all kinds of cabinet work. Also job work of any de- scription. 402 S. Durbin Phone 1462 STRONGHEART Restsrceing 4008s “The Silent Call” tions. Other shares weakened sym- pathetically with particuiarly hew:- ness in Pan-American, Atlantic Guit, ‘United Fruit and Crucible Steel. Re- | Osage (Wyo.) field has come in @ pro-|sumption of pool operations in A:n- |ducer at a shallow depth, according |to Newcastle reports. Average pro-|of the low priced steels causnl a erican Ice, Corn Products and reveral brisk rally all around Dividend paying industrin:s and Markets)—Cattle receipts|Company near Pedro, section 16-45-63, |ruiis, especially United States Steel, Canadian Pacific, Union Pacifjn and Reading arose to best prices in the final hour. Call money rates. fell to 4% per cent. The closiug wes strong. NEW YORK, Feb. 21.—Opening prices in the stock market today were substantially higher, regardless of prospects of tighter money. ‘Traders again favored the equipments, rails and ofl. American Locomotive, Atch!- son, Rock Island, Tidewater Oll, Amer {can Tobacco and Sumatra Tobacco rose 1 to 1% points. Division Chem!- cal, Western Union, General Electric, U.S. Steel, Cru ble Steel and American International were firm to strong. National Enam- eling, whose directors act on the divi- dend today, adding 1% points to yes- terday’s reaction. ‘United States Stes! made a new high quotation for over a year at 92% and stimulated further buying of other steels as well as equipments and motors during the forenoon. Sugars, leathers, textiles and mall order 1s- sues also strengthened. South Porto Silver. NEW YORK, Feb. 21.—¥Foreign bar silver, 65%c; Mexican dollars, 50c. Foreign Exchange Firm. NEW YORK, Feb. 21.—Great Brit-. ain demand 4.39%; cables 4.40 . Sixty day bills.on bank 4.37. France, de mand 9.12%; cables 9.13. Italy de mand 6.02%; cables 5.03. Belgiaum demané, 8.7544; cables 8.76. Germany demand 45%; cables 45%. Holland de- mand 38.50; cables 88.56. Norway de- mand 17.05, Sweden demand 26.53. Denmark demand 20.96. Switzerland demand 19.55. Spain demand 15.90. Greece demand 4.65. -Poland demand 02%. Czecho-Slovakia demand 1.89. Argentine demand 36.87. Brazil de- mand 13.75; Montreal 97 1-16. BMetals. NEW YORK, Feb. 21- 3 spot and nearby 12%%@13%; later 13 @12%. 4 Tin easy; spot and nearby 29.2 futures 29.00. Iron steady; unchanged. Lead steady, spot 4.70@4.80. Zine quiet; Hast St. Louis delivery spot 4.59@4.55. Antimony spot 4.40. Money. NEW YORK, Feb. 21.—Call money easier; high. 5; low 4%; ruling rate 5; closing bid 4%4.- offered at 5; last Joan 5; call loans against acceptances 4%; time loans firm; sixty days 4%a 90 days 4%a5; six months 4\%a5. Rico Sugar, Hide and Leather prePrime mercantile paper 4%ai pan Ll I A Rl Rn THE NICOLAYSEN LUMBER CO. Everything in Building Material BIG TIMBERS A SPECIALTY FARM MACHINERY, WAGONS Office and Yard—First and Center : Phone 62 OYNDICATE WINS | SUIT IN COURT American Tel, 1922, 63 .. 100% 100%. American Tel, 1924, 6s .. 100% 100% Armour'@ Co., 73 .....-- 102% 102% | Argentine, unlisted, Ss .. 74% 75% 207% Swift, 1925, 1s -~.-----. Swift, 1931, 7s 101% 114% 104 107% 96% 105% ducing field. In handing Judge C. O. Brown gave the local peo-| ple a judgment of $2,500 and author- ized a 50-50 division of royalties on Western Union, 6%s Great Northern, 5%s Western Electric, 105% The distinction of being the first ‘wortan mayor in New England seems likely to fall-on Dr. Laura Black Stick ney, of Saco, Maine. Dr. Stickney has ‘The Colorado corporation was repre- sented by George W. Ferguson with Attorneys Mann and Ewing eppear-|been nominated for the office on the ing for themselves and as advisory|Republican ticket, and as the city is counsel with Mr. Ferguson for the/strongly Republican her election is be defendants. lieved *# be assured. ES WHY PAY HIGH RENT! We will sell you a house for small payment down and bal- ance very easy terms. Monthly payments on some of our houses are as low as $25 per month, and in a short time the property is yours, or you can buy a lot for 10 per cent down, balance $10 ax month, and you can build your own house. We allow small jouses on the rear of the lot. Midwest Heights Realty Company Room 233 Midwest Bldg. Phone 1040W. There Is No Substitute for BRIDGEPORT OIL WELL DRILLING AND FISHING TOOLS HEAVIER, STRONGER, MORE DURABLE THAN ANY OTHER MAKE THE BRIDGEPORT MAcHINE CoMPANY General Offices and Shops AUGUSTA, KANSAS 2 Underreamer Factory MARIETTA, OHIO BRANCH STORES Tulsa, Kaw, Ok, Ft. Worth, Ranger, Rising Star, Breckenridge, Texas; El Dorads, Florence, Kansas. South Bend, Ind., Shidler, Okla. ISIE eine