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

PAGE EIGHT MARKET GOSSIP AND FELD NEN NEW FERRIS PRODUCER PROMIGN New production records for the Ferris field, Carbon coun- ty, Wyoming, are expected w corporation completes its No. 11 well. heavy flow of oil struck in a GRAINS SAG ON pAb REPORTS Early Gains Wiped Out in Chicago Market Following Snow in Southwest. CHICAGO, Feb. 25 upward slant In price today during the earty trading influenced chiefly by higher quotations at Liverpool. Of forings became more lber-l in extent as the market advanced. At first, they were readily taken, but they continued in volume, and soon caused a reaction. The opening, which varied from un. changed figures to %c higher with May $1.47% to 147% and July $1.25 to $1.25%, were followed by moderate gains ali around, though for the most part of a transient character. Snowstorms in the southwest led to Geclines later, especially in the price ef the July delivery but were partty offset by predictions of enlarged de- mand from domestic millers together with signs of wome export business. ‘The close was unsettled at 1%c to Sc advance, May $1.47% to $1.47% and July $1.24% to $1.24%. Corn and cats were governed in the main by the action of wheat. After opening %c off to {ce higher, May 67% to 68%c, the corn market scored a general advance and then underwent somewhat of a setback. In the later dealings smaliness of receipts helped to uphold corn prices. ‘The close was steady at tho same as yesterdey’s finish to %c higher, with May 67%c to 68c. Oats started %c off to a like ad. vance, May 42% to 43%c, and later averaged considerably higher. Upturns in the value of hogs gave something of a list to provisions. Closing Quotations, ‘Wheat—- Open. High. Low. Close. May ——$1.47% $1.48% $1.46 $1.47% July 1.25 126 123 1.24% Corn— 67% 69 7% 67% 0% -T1%—E9%_ 70% A2% «43% ABH 4% ASK Ad AA May -— 21.40 Lara— May --12.02 12.30 12.93 12.20 12.45 12.20 12.37 1L7 1145 11.57 11.20 Butter and Eggs. Chicago, Feb. 28.—Butter, higher: creamery extras, 36%c; first 31%@ 35e%; seconds 29@30c; standards) t5%c. Eggs. higher; receipts 12,979 cases; first 25c; ordinary first 22@23c; mis- cellaneous 24@24%c. . SPLENDID PROGRESS IN MEXIA EXTENSION WELL REPORTED BY ORILLER FORT WORTH, Texas, Feb. 23.— Charles Anderson, master driller for the Mexia Extension Syndicate was in this city yesterday and reports splen did progress on the Mexia Extension well No. 1 Mr. Anderson is very en thusiastic as developments progress and his enthusiasm is shared by M W. Hoover, M. D., a practicing physi cian of Corsicana, Texas, trustee of the Mexia Extension Syndicate. Mz. Anderson has been indeed fortunate in all his operations and is considered a very lucky driller. As a result of Charley’s wisdom and good luck the stockholders of one of his former companies received seven hundred per cent in dividends. In the Burk Wag goner field he was successful in twen ty-four attempt for gushers. He also drilled two wells for the Munger-Ver schoyle interests that enabled them to pay four hundred per cent in divi- dends. Mr. Anderson states that as work on Well No. 1 progresses every indfcation leads him to believe that a splendid well will come in. Every effort is be ing put forth to drill the well in rec ord time, and with Mr. Anderson's ex perience and luck it is felt tha cerly completion will result. ve Eg takes ‘The latest book on Queen Elkabeth tells us that, where beer was in ques- tion, she desired a full tankard, and also liked it strong. The Washington monument con- tains memorial stones contributed by ten foreign countries, 40 states, 16 cities and towns, and 44 societies. | field, at its annual meeting elected [a board of directors. hen the Producers & Refiners This is promised by a LAST SALES Allied Che: Allis-Chalmers” phased American Beet American Can American Car Foundsy American International . American Smelting & Refs. . American Sugar’ . crevice in recent drilling and i later developments are encouraging. On section 23 the same company is completing another gasser which is blowing it-! self in. Development Company Elects. The Lost Soldier Development com-! royalties from lands operated by the Bair Oil company in the Lost Soldier R. Greenfield as president; H. Larsen, | vice president and C. A. Brimmer,} W. Wish, RC Brietenstein will Montana Operations. The Buffalo Dome Ol! company has well near Buffalo, Fergus county, ont, according to Helena reports. hard formation. Montana well in soctien caused by a late blizzard. The Stellar Oil and Gas company is moving a large supply of fuel to its|Miavale Steel... near| Missouri Pacific wells in the Porcupine oil field Forysth, where four wells have al- ready been carried to an a depth of 1,400 feet by the Tensleep Drilling company, which is doing the work. Nineteen derricks have been erected in the field and operations will begin at an early date. the slow moving crude which played havoc with connections. The wells are being truned into the new 55,000- barrel storage tank to make the test. Kremlin in its test well Great Falls report. The hole is drill- ing in water and sufficient gas rises through the water to be ignited. Rig at Saratoga Rebuilt. Southwest Petroleum company has completed a new rig over its test well near Saratoga, Wyo., where its equipment was recently destroyed by fire. Drillers will begin fishing this week for tools lost when the rig burn- ed. No great trouble is expected in re- covering them and resuming work. To Resume Work in Hamilton. Elk Basin Consolidated company bas given orders for resumption of work in the Hamilton dome field northwest of Thermopolis on holdings of the Republic Oil company reports from Thermopolis state. Wells al- ready drilled will be placed on pump, it is stated, and new work will be started. Grass Creek Syndicate Plans. Grass Creek Oil and Gas syndicate has purchased a rig and equipment for immediate drilling on holdings near production in the Grass Creek oil field. Production from the lease has been contracted to the refinery at Billings. Mercer Dome to Be Tested. Ohio Oil company is erecting a rig for a test of the Mercer dome, 35 miles southeast of Greybull in Big Horn county, Wyoming, and has 6,000 feet of casing on the ground for the beginning of work. Permanent camp has been erected and steady drilling will be under way soon. Annual Meetings Pending. Among the important events of the week pertaining to oll companies oper ating in the Salt Creek and other Wyo- ming fields, the annual meeting of! chree of the larger concerns and the payment of a dividend by the Williams Jil company are the most interesting. The EK. T. Williams company will esume dividend payments with a 14% per cent melon to be cut among tho back among the dividend payers ifter payment was suspended during the past several months. The new div- idend is a quarterly return. ‘The Standard Oil company (Indiana) ing, Ind. March 2. solidated Oil company will gather at Dover, Del, March 2 for the annnal meeting of the company. On March 3 the Salt Creek Pro- ducers association will hold its an- nual meeting at Richmond, Va Cullen.& R Zimmerman Mill and Cabinet Shop Phone 1743W 427 East Railroad Avenuc Mill work of all kinds, storm sashes, screens, store fixtures, kitchen cabinets, colonnades and furniture repairing. Anything in the line of cabinet work. We give absolute satisfaction. A satisfied customer is our best tisement. 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 i Midwest Heights Room 233 Midwest Bldg. jouses on the rear of the lot. oo. er month, and you can build your own house. LLLLLDROGOSLOLOLELR OS® We allow small Realty Company $ VEOCOECO tockholders March 1. This puts Wil-! will hold its annual meeting at Whit-/ Stockholders of the Salt Creek-Con-| pany, which derives 350,000 @ year in|Canadian Pacific | Chicago, MU. and St. Paul secretary, who with W. A. McKay,|Colorado Fuel and iron 22.20... Middlewood and|Corn struck a heary flow of gas in the/Goodrich Co. - msden formation at 800 feet in its Great Northern, pf The drill is sald to be working in a/jnr the Winnett fiel4 the Oregon-| Invincibic 20-14-26 is! Kelly-Springfield Tire again drilling after a 30-foot cavein| Kennecott Copper .. which occurred during a shutdown; Louisville and Nashville Western States Oil and Land com-| people’ pany has not yet succeeded in making Pure Oil tests of their new Soap Creek wells,|Ray Consolidated Copper due to the heavy gas pressure behind | Reading Petroleum company en-/Southern Railway countered a flow of gus at 1,865 feet! Standard Oil of N. J. being drilled near Studebaker Co: the town of Kremlin, according to a|Tennessee Copper i Bethlehem Steel “B” 7_> tral Leather . bandier Motors . Chesapeake and Ohio . Chicago, R. I. and Pac Chino Copper Products . Illinois Central Inspiration Copper International Harv MerMarine pfd. International ou Miami Copper Mexican Petroleum, Middle States Oil New York Central . ¥., N. H. and Hartford ‘orfolk and Western ex div. Northern Pacific ........ Oxiahoma Prd. ai Ret. Pacific Oil . . Pan-American Petroleum Pennsylvania Gas Rep. Iron and Steel Royal Dutch, N. ¥. Sears Roebuck . Sinclair Con. Oi Southern Pacific Ex Texas ‘Texas and F Tobacco Products ‘Trancontinental Union Pacific Utah Copper ....--+ Westinghouse Electric ; Willys Overland ...-.-- Xinerican Zine, Lead and Sm. Butte and Superior . Cala. Petroleum Montana Power Shattuck Arizona Great Northern Ore Livestock Mart Chicago Prices. CHICAGO, Feb. 28.—(United States Bureau of Markets).—Cattle receipts 11,000; beef steers steady to weak; quality plain; early top $8.75; bulk $17.40@8.00; fat she stock and stockers and feeders steady; bulls and calves ig fairty acti’ 6 Hog receipts 25,000; ive, to 10c higher, mostly 10c higher than yesterday’s average; top $11.35 for one load 170 to 180 pound averages; bulk $10.90@11.25; pigs steady to 25c high- er; bulk desirable 100 to 120 pounders $10.25 10.60. Sheep receipts 16,000; slow; sheep and yearlings steady; uambs weak; choice fed western lambs $15.50; best not sold early; choice 87 pound wooled yearlings 13.75; shorn wethers $9.25; wooled ewe top early $8.50. OMAHA, @10.70; top $10.75; grades $8.75@9.5¢. Cattle receipts 6,500; fairly active: Neb., Feb. 28.—(United States Bureau of Markets)—Hogs re- celpts 13,000 active 15 t- 25e higher; bulk 180 to 210 pound butchers $10.65 bulk 215 to 325 pound butchers $10.40@10.65; packing MORE OF YOUR OWN BAKING? The United States Department of Agriculture says, “by baking bread at home housewives should be able to reduce expenditures for food.” Did you know that there is a satisfaction in doing things for yourself? There is a certain pride in bread making and we know that every housewife CAN BAKE OUT OF OUR RGYAL flour (Pansy, either). flakiest cake “all by your lonesome” if you will just use the simplest methods—and you can have it just the way you want it, too—that’s half of the battle. Order that sack of flour and commence today. he Casner Daily er ripune JT OCK MARKET Oil Securities Furnished by Tayler and Clay LOCAL OIL STOCKS. cerecceesece 20 apaan 30 6S 2 =a sues Lead Recovery on Exchange. supiier a Indications of pool activity in se- lected stocks caused the general in- dustrial list to work higher efter oon. and oils were pushed up steadily and many, less active shares advanced sensztionally. Jewel ‘Tea preferred improved 8 points, Kelsy Wheat 6, Hartman Company and Liggett & Myers 4 and American fugar and New York Shipbuilding 3. Ailgh grade railroads pursued a down ward course, Union Pacific and Canad- jan Pacific losing a point each. Passing of the dividend on Retail Stores occasioned further weakness in that stock, but the general list ral- Ned substantially on renewed buying of junior rails. The closing was strong. To one auance Creek Royalty wuck Petrojeum Mike Henry . Mountain and Gulf Northwest Outwest scoyalty sunset . Tom Bell Royalty ...- Western Exploration . Wind River Refs. - United Pete Western States . ¥ ou NEW YORK CURB CLOSING Mountain Producers -$ 11.60 $ 11.75 Merritt .. 8.50 8.35 Glenrock Oil . Salt Creek Prds. Salt Creek Cons. Prod. and Refrs. adarine - dutual S. O, Indiana Cities Service Com - NEW YORK, Feb. 28.—Encouraged extended their contracts at the open- ing of today’s session. Leaders of the steel, motor, oll, tobacco and textile groups gave way from fractions to one point. Gulf States Steel and Bald- win Loccinotive were among the few exceptions, showing pool support. Dealings in rails were light at nomi- nal gains and losses. Preliminary for- eign exchange quotations eased from yesterday's best quotations. Call money opened at 4% per cent, a fraction under yesterday's first quo- tation regardless of the heavy transfer of funds in anticipation of March pay- ments. ‘Trading fell considerably un- der yesterday's active forenoon, run- ning more to specialties. Rails and ‘avorites industrials were neglected, their places being taken by motors and ffillated shares, also shippings, sug- .rs, tobaccos and merchandising 1s- sues. Ofls were firm but California Petroleum extended its Initial loss. Heaviness of Pressed Steel Car, Cast Iron Pipe preferred and Nova Scotia Steel caused other independent issues of that group to sag. S aeece Foreign Exchange Steady. NEW YORK, Feb. 28.—Great Brit- ain demand 4.43%; cables, 4.44; 60 days bills on banks, 4.40%. France demand 9.17; cables 9.17%. Italy de- cables 5,31. Belgium de- mand 8.70%; cables 8.71. Germany demand 43%; cables 43%. Holland, de- cables 38.39. Norway de- Sweden demand, 26.60: 10; Switzerland demand, 19.60; Spain demand, 13.00; Greece demand, 4.60; Poland demand, 02%; Czecho-Slovakia, demand, 1.70; beef steers steady; top $8.50; she stock strong; bully and veals strong to 25¢ higher; stockers and feeders steady to strong. ise ha receipts 6,000; lambs mostly se lana clove weak; bulk $15.300 15.50; arly top $15.70 to shippers $15.60 to packers; sheep and feeders steady; ewe top $8.35. Denver Quotations. DENVER, Feb. 28.—Cattle receipts, 1,600; market 15¢ and 25c higher; beef steers, 6@7.35; cows and heifers, $4.50 7; calves, $9@11; buils $2.50@3.75; stockers and feeders, $5.75@7. Hog receipts, 2,200; market 25c higher; top, $10.80; bulk, $10,20@10.65. Sheep receipts, 2,400; market strong to 10c‘ higher; yearlings, $12@17.25; lambs, $14@15; ewes, $7@7.75; feeder lambs, $13@1 NEW YORK, Feb. 28,—Copper—| Electrotytic spot and near by, 12%@ 12%; futures, 13c. Tin weak; spot and futures, $29.87. Iron steady; prices snchanged. Lead steady; spot, $4.70@4.80. Zinc quiet; East St. Louis delivery spot, $4.50@4.55, Antimony—Spot, $4.37. Money. NEW YORK, Feb. 28.—Call money firm; high, 5 per cent; low, 4; ruling rate, 4%; closing bid, 5%; offered at 5%; last loan, 5%; call loans against acceptances, 41%. ‘Time loans firm; 60 days, 4% @5; 90 days, 4%@5; 6 months, 4% @6. Prime mercantile paper, 4% @5. SR a Soe ‘The collection of ems owned by the Gaekwar of Baroda is belleved to be worth over $10,000,000. Among the items is a necklace containing a dia mond worth $400,000, known as “The Star of the South.” oo Mrs. J. M. Patterson has been em ployed on the reportorial staff of a newspaper in Marshall, Mo., for for ty-five years and is still active at the age of eigh' SWAN UNDERRE AMER CLOSES STRONG Pool Activities in Selected 1s-| | | > a Asked. Gu, 1923 . 100% 100% 1924. 100% 100% 1 ‘10: BUSINESS SHOWN Conditions Healthier Than Year Ago and Buying Power Increases. KANSAS CIYY, Mo., Feb. 28—The monthly review covering that entire tenth federal reserve district, head- quarters Kansas City, declares that general trade and industrial conditions in the district are healthier than a by yesterday's sharp reversal, shorts'year ago and that some lines of busi ness are experiencing increased activ- ity, while others are undergoing sea sonal dullness. The movement of wheat, cats, rye and barley in the tenth district, de- clined further during the month, the report said, but corn receipts increased 19.8 per cent. Grain prices generally improved, it added, and flour milling increased 16.8 per cent over the first month last year. Livestock marketing of all classes was larger than a year ago and prices generally advanced, the report showed Packing operations this month were larger than in December, but not up to January, 1921. The report declared there has been a large increase in the movement of stockers and feeders from the markets into the country. Petroleum production in the district is holding up higher than a year ago though development operations are be- low this time tast year, according to the summary, and stocks of crude and refined ofls have increased uppreciably. inc and lead production has been in- creased by stimulated prices, Colorado metal mining being 3 active, and coal production has in- creased in the tenth district, the re- port said. An increase og 31.6 per cent over the first month last year in building operations in cities is noted, there be. ing @ larger per centage of new con- struction. Fiancial conditions in the district’ agricultural sections are improving with buying power of farmers being increased by crop price advances and financial relief. the review stated. Li- quidation of loans is progressing stead- |fly and the banking position is strong: er. Commercial failures in this district in January, the resume concluded, number 112 with Mabilities totalling 3,400,431 NEW YORK, Feb; 28.—Foreign bar silver, 62%c; Mexican dollars, 48c. IMPROVEMENT IN = =: Wi Great Northern, 5%s WholesdeF RESH MEATS et LARGEST MARKET IN THE STATE The NORRIS Co. == WE BUY THE BEST THE MARKET AFFORDS OUR EVERY DAY PRICES Fresh Ham, whole or half Pure Pork Link Sausage —_ Pork Chops Shoulder Lamb Chops ...._—. Boef Shoulder Boi Veal Shoulder Bou oo Prime Ribs, pe Ne Don’t forget those Pack Shon Swift Premium Beef Pot Roast | eo nae A joulder amily shoui fe Wes 15c have one at $3.00 Steak to $3.70 each. Pork Loin Prime Rib LB. | Fresh Eggs, doz____30e Rolled ....—. Platte Valley Gold Weinie Wurst . 20, Butter, 1b. aug Be C Swift’s Premium Ham, Liver Sausage family size, Ib....—37¢ Bulk Sausage 10 Ibs. Pure Lard....$1.70 ring Your Peils 10 Ibs. Shortening...._90c Finnan Haddie. Norwegian Stock Fish. Fresh Fish Every Day. Lenten season be- gins tomorrow. We will have Fresh Oysters Every Day. FRESH FISH ey- 4 ery day. Fresh Killed Poultry 2 Every Day From Our Own Yards. Imported and Domestic Cheese—Smoked, Salt and Pickled Fish Full Line of Delicatessen Goods—Fruits and Vegetables WATCH OUR LARGE DISPLAY WINDOW $348 F. O. B. Detroit You can make the finest bread and the Wheatland Roller Mill Co. prompt delivery enjoy when you With Spring Comes the Rush Season Each year thousands have been compelled to wait for their cars after placing their orders. Sometimes they have waited many months. By placing your order now, you will be protecting yourself against delay. You will be able to get reasonably - DON’T PUT OFF PLACING YOUR ORDER EARL C. BOYLE 125-137 North Center Street for Ford Cars on your Ford car. And you will have it to want it most—this spring.