Casper Daily Tribune Newspaper, March 13, 1922, Page 6

PAGE SIX MARKET GOSoIP [ANCE CREEK COMPLETION NEXT S222 =a === Completion of the new well by the Union Oil company on American Locomotive ex div. section 32 of Sunset Oil holdings in the Lance Creek field is/A™eics® Smelting & Ref'e. being held up while 6%4-inch czsing is set. The well is said | amecic to have 800 feet of oil encountered at 2,020 feet. CROP REPORTS DEPRESS GhAl May Wheat Closes at Five Cents Below Weak Opening, July Also Slumps. CHICAGO, March 13.—Better crop conditions in the southwest ied to ma terial dec! in the price of wheat today first part of the Doard of trade session, further tmrove- ment g reorted tn Kansas an Oklahoma. Besides, unromising views ef the economic outlook turned some: what to weaken valves, and there ‘was a setback in sterling exchanbse. The opening, which varied from %e lower to %e advance, with May $1.37 to $1.37%. and July $1.17% to $1.18. ‘were followed by decided downturns in price al) around. Subsequentty, dectines accompanted Dy selling on the part of houses with eastern connections, carried the mar- ket as low as $1.32% for May. An nouncement of a decrease in the vis- {ble supply total brought about only tramsient rallies. The closo was heavy, 2%c to Sc net lower, with May $1.32% to $1.52%4 and July $1.15 to $1.15%. Corn and onts declined in value with wheat. After opening % to %c hish er, May 63 to 63%c, the corn market AND FIELD NEW American Car and Foundry American Hide & Leather pfa.. | American International American Sugar ......... can Sumatra Tobacco | American T. and T_T oo Nebeened |American Tobacco“ American ll Sosseteesencs Order Placed For Pipe. |Anaconda Copper > The Western Pipeline company has| Atchison .. placed ite order with a Casper supply/ Atl. Gulf and Weet Indies company for 26 miles of eight-inch| Baldwin Locomotive ... and 23 miles of six-inch pipe to be) Pultimore and Ohio used im the construction of a new oil pipeline from Salt Creek to Casper. The cightinch will be used oa the Casper end of the line and completed | Chesapeake and Ohio. with two Imes of six-inch into the| Chicago, Mil and St. Paul ...... field. The line will be the first com-| Chicago, R. 1. mon carrier from the field and con-|Chino Cor struction will be started as soon as| Colorado F deliveries begin. |Corn Proc Srucible Steel | adian Pacifie . tral Leather - Chandler Motors . New Filling Stations. ‘The Continental Oil company has | Gene taken out building permits for the| Genera! erection of three gasoline filling sta tions IN Casper. It is estimated that théy will cost 00 each. Fremont Test Abandoned. Myrin Of1 company is pulling casing from a test drilled to a depth of 3,555) feet in the Alkali Butte field, Fremont Inv county, Wyo., last year. The second Wall Creek sand was found to be dry. A report that the game company will | Louisvil undertake another test has not been _ mican <4 {Middle Stat Midvale Lest Tools Recovered. Southwest Petroleum company is again drilling on its test near Sara-| toga, southern Wyoming, after recov-| | Missouri Pacific” ral jorthern Pa i r homa Prod. stroyed by fire. The fishing job lasted! pacinic Cll seas over two woeks, after the derrick was/ Pan-American Petroleum rebuilt. as and Ref. 49 57% 3 | — Ye | Sand Draw Operations. Producers and Refiners’ corporation ts planning on early resumption of work in developing the Sand Draw field in Fremont county. Wyo., and Reading Rep Iron and Sti Royal Dutch, N. Y. Sears Roebuck - receded to well under Saturday's fin ish. With figures showing stocks of corn to be the largest ever known, the corn market displayed hut little pow- er to recover, Prices closed weak, 2c to 2%c net lower, May 60%c to 60%c. Oats started %e off to a shade up. May 39%c and then underwent a mod erate general sag, Lower quotations on hogs and grain pulled down the price of provisions. Closing Quotations. Open High Low Close 37) 137% 1.32% L32K 117% 118 115 1.15 63% 60% 66% 63% 39% 38% 41% 40% 63 66% 39% Al%s a120 11.40 10.80 11.00 May .——-10.55 July ~-—-10.45 10.55 10.45 20.25 10.10 Butter and Eggs. CHICAGO, March 13.—Butter high er; creamery extras, 37%c; firsts, 32 @36%c; seconds, 30@32c; standards 36%c. Eges unsettled; receipts 23,427 cases; firsts 21%@22c; ordinary firsts, 10@ 2£0c; miscellaneous 21% @21%c_ Livestock Mart | Prices. CHICAGO, March 13.—(Unied States Bureau of Markets)—Cattle receipts 24,000; market slow, 2arly sales beef steers, she stock and stockers and feeders 15 to 25c higher; top beef steers early 9.35; bulk 7.50a8.50 bulls about steady; calves wenk to unevenly lower. Hogs receipts .700; 15 to 250 lower rage; fairly active top 10.95; bulk ; slow later; 2.0,30210.75. 10.30210.75; prices about steady; bulk desirable 100 to 120 poundera 9.250 9.50. Shoep receipts 14,000; slow little done sellers generally asking higher; only lambs three loads 82 to 88 pound clippers fully steady at 13.00; few small lots fat ewes at 9.00 down. Omsha Quotations. , | Sprayed over the countryside tn the vi- continuing a deep test started last summer and drilled through the gas Sinclair Con Of Southern Pacific sand. The field already furnishes a ft nie eee S ror, gas supply for Riverton and the ques-/ Standard 101 of N. J. . > 177% tion of whether the gaa line is to-be Studebaker Corporation + 102 cxtended to Lander will be decided 7onmessce Copper - 2 age ‘exas Co. - ere eee |Texas and Pacific - = ee |Tobacco Products - ‘Transcontinental Oil Union Pacific 60% 9% 132% Montana Test Drilling. Drilling was resimed Monday by United Retall 45% the Bitter Creek Of company in aj U' ; ®. _|U. 8. Ind. Alcohol ... - 48% eer rel cae Se ere tee Creek Scr | Trnitedl tates (Stuben ae 61% ture, ftve miles south of Billings, where the com: to develop United States Steel expects a gas supply for fuel in drilling a deep} Utah Copper .....- ‘Westinghouse Electric 94% 63% bs test of the structure. A good flow Willys Overland .... 5M) of-wet gas was struck at 409 feet and American Zinc, elad and Sm.. 12% when this ts increased a deep test well Butts and Superior ..-— 25% eum . ---#-oa : eae ees Montana Power l.ss-.s-2------ 66% Shattuck Arizona. Great Northern Ore ~ Mosher Completion Pending. One of the most interesting tests of the southern part of the Salt Creok field will be completed om section 19 39-78 by the Mosher Syndicate during the week. is well has been stand- ing at 2,726 feet for the past three PACKERS LOSE | wo mueres gaege| 011,817,460 “ciyensesege, IN LAST YEAR was set. | Special interest attaches to the pos-| sibilities of the hole because oil was) CHICAGO, March 13—The annual state ment of Wilson and company,/ packers, revealing an operating deficit of $8,462,650 during 1921 was made public today. Including payment of preferred dividends, the deficit for the year was placed at $9,206,269, com- pared with profits of $1,500@000 in 1920 and $5,000,000 in 1919. The state- ment said that while sales totalled few- er dollars in 1921 than in previous years, the tonnage was nearly the same. Wilson and company was the last of | the big five packers to issue a state/| ment, and each company reported a loss for the year. The aggregate defi- cit of Wilson and company, Cudahy and company, Armour and company, Swift and company and Morris and. conpany was $77,817.460. cinity of the well before the cement- ing operations were started. The in- vestment chance is dominant if the. well comes in a big producer because the syndicate is capitalized at $40,000. Wyoming Field. Runs. With the Salt Creek field back on an increased production basis due to| the fact that the refineries here are taking over 50,000 barrels of crude ofl a day, the pipeline runs for the past week in the Montana and Wyoming| fields jumped over 70,000 barrels. This is an increase of over 11,000 as com- pared with the former week when ap- proximately 60,000 barrels were being run, The @aity pipeline runs from the va-! rious fields for the week ending March| 11 was approximately as follows: Salt Creek 50,000] . analinet Th Cat Creek _ 5,000] , i i Big Muddy SESS £000) abe | Grass Creek —_______3.800| ™ Rock River 13.100 ce ———— ES) WORK IN TES FIELDS Elk Basin Lance Creek — “a Ferris —_. Osage ee #4. J. McMahon, for the past sev- Pilot Butte eral years general manager of the 500 R, Taylor and associates ofl in- |terests in the various flelds of Wyo- ___- T1,550| ming, has resigned his position and al | wil leave March 20 for Texas and Gas Absorption Plant. lother southern states where he will The Producers and Refners corpora-|nssume management of the O. H. Miscellaneous _ Total in pertod OMAHA, March 13.—(U. 8. Bureau of Markets}—Hog ri 6000; mar- ket slow, mostly er than Sat urday's averas: 160 to 200 pound butchers, $9 ; top, $10.1 butche: 10,000; beef steers y 10c and 25e¢ top beeves, veals about 25c lower; steady; stockers and steady to 15c lower, lower; s, $8.50@8. Cattle re , 15¢ lower; cows and $8@10; stock- bulk, rket steady; 0@9; feed- Surveying and Locations Geologists Oil Experts Oil Field Maps, Blue Prints WYOMING MAP AND BLUE PRINT CO. P. O. Box 325 Room 10, Daly Bldg. 12,000; early sales| ady; bulk, sheep. an "}sent plans carry the contemplated arket 25¢ and| $102 | tion, according to plans recently an-|Shoup oil interests. nounced, will install an absorption) Mr. McMahon has been tn the Wyo- plant in Casper to recover gasoline! ming field for the past nine years | from the gas transported here in the and has been instrumental in devel- | Pipeline owned jointly with the \oping a number of new districts. At |Wwest Refining company. This line/the time of his resignation he had | from the Mahoney dome transports/ control of the field interests of the 20,000,000 cubic feet of gas to Casper, Royalty & Producers company, Glen. jsaily and will be delivering 30,000,000, rock Oil company, Marine Oil com- jon contract with the local refinery in} pany, erior Petroleum company, the near future. | Pilot Butte Of company and Mosher The absorption plant which will be Oi] company. installed here will also have ample, In his new position Mr. Mc3fahon capacity to recover gasoline from all, will huve ch: eee ee Pre ill have charge of the Western Ot) | | | plant when completed will be one of the largest of {ts kind in the country. ——— Jewelry and watcn repairing by ex- |pert workmen. All work guaranteed |Cesper Jewelry Mfg. Co, 0.5 Bidg. | 2-5-1 Mountain States Oil Digest A Valuable Booklet for the Oil Man Containing complete and authentic | information on over 500 oil, gas, refin- | ing and pipeline companies operating in Rocky Mountain Region. Just pub- lUshed. “A Gusher of Information” Price $1.00 On sale'at News Stands or sent post Income Tax Compiled With Notary Service. Hours 5 to 10 Evenings. Minim: 2 -50. eae $2.50. |paid on receipt of price. The Commercial Printing Co.| OVER IRIS THEATER Midwest Re Casper, V |Victory 4% - {on the Holt farm five miles southeast be Casper Daily Tribune STOGKTAADING ~~ (S IRREGULAR NEW YORK, March 13—Trading ¢ fn stocks was active and broad, but Hp he utilities strengthened, while Mike Henry Mountain 4 reacted. The closing was ‘-regular. Northwest ad NEW YORK, March other international currencies. Of the more representative shares American Telephone was strongest, gainging 1% points in the first few transactions. American Car, American Tobacco, Fa-| mous Players and International Pa-| United Pete - ‘estern States on Chile, invest-| {uly ‘Springtiela, fa “| Kelly Sp ment rails and rtandarg industrials | Norway 8s New York Central, Pern R. R., 6% . DOMING EARNINGS LAST YEAR $50,000, SMALL BOND SECURITIES Address ail inquiries to John U. Fish are Casper Tribune, Wyoming represen bes aor bea al mpaign which will be in- . ner to di- { country : ist travel of th ever the Yellowstone big way. STANDARD BONDS. Specialties Gain Ground in American ‘Tel, ta, 1083. 100% 200% | K i ti si the ee ee Sel OTOGKMEN OLCAIAFT DEATH RESULTS Brat WHEATLAND, Wro., March 13.— The fifth death to result from the burning of the L. A. Dove home north o2 here on February 18 resulted at Dwyer when Mrs. Dove died of grief over the tragedy which elaimed the itves of her husban’ and three chil- ¢ren. Mrs. Dove was the Only one to escape from the fire. MEETING GALLE Special Meeting to Be Held Here April 8 Will Take i Oll TS ccceeereee week's xeneral aftvance of prices was| Sur ta igae -o7T isi. 101% UN eee of Moving a i Riverton confidently resumed at the opening of| Swift, 7a, 1931 .sscc..2. 203 103% eep to eR HES Eee eeeDty ae today’a stock market. -| Swiss, 8s scoreees 115 115% mines of Kimberley, now controlled > dently were not disturbed by adverse/U. S. Rubber, 100% 100% Natrona county stockmen at a|by one group of capitalists, were foreign advices, which were reflected | West. Electric, 7 soe big |RPecial meeting which will be held in| worked as 5,238 separate claims, each Wind River Refg. in the further decline of British and|West. Union 6%s -.----- 107% 107% |rusper April 8, will endeavor to open|31 fect square, with a 7-foot roadway between every pair of claims. CHICHESTER $.PILLS all trains which has been closed Gur- ing the past by fencing of homesteatt Properties and in removing other tm- pediments which prevent movement of sheep and cattle to the open ranges. The organization will also seek to oer Drogeics br vas | PRIS BeG oes Soid meat NEW YORK per preferred ayeraged one point have legal provisions whieh prohibit sealed ath Biwe Ritben. Mountain Producers .$ 11.25 $11.50] -ains. Texas Of was the only wweak| closing of recognized trails enforced so = Breese A ne > 962 9.87] tock,” its decline of 2 points being that stockmen will nave open access| |S Rat ET 4 ine Suan sociated with the company’s poor to ranges and free movement of stock ‘SOLD BY DRUGGISTS EVERYWHERE “a os 9.50 37 nual statement. ’ With matters of importance of this Rata tata sow at one ee at mane eee 5.62] Call money opened st'4 per cent, kind coming before the meeting local 1.25 | although heavy withdrawals of funds 6.50] to meet fncome tax payments are ex- 7.50] nected between today and Wednes- 189.00] day. Investment rafls and industrials again were supplanted in speculative favor by specialties. Market Street Raflway common rose two points, the preforred 3% and the prior preferred 5%. United Railway Investment pre- ferred, an affilinted property, gained 3%. Brooklyn Union Gas, Manhattan Third 44s of Fourth 4\s prised the other strong utilities. Su-) gars, especially the Cuban group,/ were 1 to 2% points higher and Lee Rubber was strongest of the motor) accessories, Firm hol miscellaneous | ga) yuck and Remington Typewriter com-, ‘The gross earnings of the Domino|!né to institute a widespread campaign Wyoming Ot! company for the past|'hat that every stockman in the coun- year app approximately 50,000 a-r-ued to the company from Salt Creek production. Development of properties and other ‘expenses ~* the company over $40,000, leaving a neat balance most unfavorable conditions that ever Elevated and Montana Power com-/¢.-04 the of] trade in this state. Reports being submitted to stock- en’ . shares were featured by Sears Roe proaiction of erude oll_. 44,315.41 officers of the association are prepar- try will be advised of the meeting and oxieanted "$49 008) St). w ie | be. qu band .to-participate ia the de lberations, At the next meeting of the city coun- cil the Natrona county stockmen will present a memorial to the city fath- ers which they will seek to have enact. totalled Profit for the past year under the Wyoming Audit Co. cations of woolen goods which they are offering to the public. All materi- als made from part wool, shoddy ma- terials or pure wool will have to be designated as such. The memorial to be presented calis for indorsement of the truth in fabric bill which is now ders contain the following state- y REVENUES e of Iand in Salt Creek--$ 2,460.41 all kinds «* cabinet work. Steam allowance at Salt @ law on the statute books of this sia try i eaoaa ‘cular te.|, Cee -————-. 183,84| state, Public Accountants Hamilton Dome - Confident buying in particular 1-'rnterest and Aiscount-.. 1,311.39 _——_— é Rock River sues produced a favorable influence - 414-15 Midwest Bldg. Salt Creek . on sentiment, and many of the recog-} SE | eset oes aera | oe remeeii TOURIST CAMP PLANS Phone 289 Mule Creek S| ward in the afternoon. The floatin® omce expenses 2,994.90 . eae het 8 89 supply of stocks seemed scarce when ‘travel expenses 206.00 ‘arge buying orders appeared. Rem- commissions -—---—____._ 1,241.49 ington Typewriter second” preferred Ahandoned leance 1867.25 2 : advanced 6 points, Kelsey Wheel 3% Teal expenses 2,500.00 3 e nion a and a Ic:s; Ust of other industris's Fela expenses, general. 612.71| The Casper Motor club will hold an fo were quoted 1 to 2 points above Sat-|imielq expenses, production important business at the . 3 urday’s closing. Later profit taking) ana driling 21,808.91 | Henning hotel at 8 o'clock , tonight. . in Studebaker, Mexican | Petroleum Taxes -___--____--- 124.27) The meoting was called by President EXPECTED SOON REPORT and General Asphalt took the edge| Powder River well expenses 16,096.48 | J. S. Mechling for the purpose of per-|] Is prepared to take care of ; ise. Surplus—Gain for 1921. 673.70| mitting the to discuss Money. MEXIA, Texas, March 13—Tho dis-| yew YORK, March 13.—Call trict Immediately to the southeast has money steady; high, 4 per cent; low, been more than usually active during | 4. ruling rate. 4; closing bid, 3%: of- the past few days. Scouts are close-|rareq at 4; last loan, 4; call loans ly watching the Mexia extension well." acainst acceptance, 3%. Time loans firm; 60 days, 4% 165; 90 | days, 4%@5; six months, 4%@5; six ; months, 4% @5. Prime mercantile paper, 4% @5. of town, which fs today drilling near the 2,200-foot mark. A careful check of the log as compared with three big producers to the north, shows the well to be in regular formation. C. L. (Charley) Anderson’ advises that an- other boiler has been moved on the lease so that in the future plenty of steam and water will be available. Syndicate officals feel confident the ‘well will be completed in another few weeks. Old Dominion, Mexia Mascot and Mexia Giant are other operations which are making favorable progress in the near vicinity. Foreign Exchange Weak. NEW YORK, March 13.—Great Bri- tain, demand 4.31%, cables 4.32; 60- | day bills on banks 4.28%. France, de- |mand 8.80%, cables 8.81. Italy, de mand 4.90%, cables 4.91. Belgium, de- [mand 8.22%, cables 8.23, | demand .37%, cables mand 37.35, cables 37.56. Norway, de- mand 17.55. Sweden demand 25.90, Denmark, demand 20.75. Switzerland, demand 19.35. Spain, demand 15.53. Greece, demand 4.57. Poland, demand .02%. Czecho-Slovakia, demand 1.724 Argentine, demand 36.75. “Brazil, de- mand 14.12. Montreal exchange 96%. il CONSISTORY.TO MEET. CHEYENNE, Wy8, March 13. — June 5, 6, 7 and 8, have been selected as the dates for the sem{-annual re- union of the Wyoming Consistory in this city,f/A large class of candidates | for the “thirty-second degree of Ma- sonry atready have enrolled for the reunion. ——$—$—$—$—$—$—$————————————————— Metals. NEW YORK, March 13.—Copper steady; electrolytic spot and uearby }13c; later 13@13%c. Fields company and the operations of| Tin easy; spot and futures 28.87. the company at Mexia, Pine Island) Iron easier; No. 1 northern 18.50@ and other producing districts of the 19.00; No. 2 northern 18,00@18.50; No. southern states. 2 southern 15.00@15.50. Before moving to his new head-| Lead steady spot $4.70@4.80. quarters in Dallas, Texas, Mr. Mc-| Zinc quict; East St. Louis delivery Mahon is disposing of his interests Spot 4.65@4.70. here and fs offering attractive Center| Antimony spot 4.25. street property on the bargain mar| —_—_— ket. As a tribute to his successful! management here the employes of the! companies with which he was con- bar silver, nected recently presented him with a 48%c, suitably engraved and valuable How-j ard watch, Sirver. NEW YORK, March 13,—Foreign 63%c; Mexican dollars, Meet me at the Smoke House. 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 er month, and you can build your own house. ouses on the rear of the lot. Midwest Heights Realty Company Room 233 Midwest Bldg. Phone 1040W. We allow small Building Materials Weare equipped with the stock to supply your wants in high grade lumber and build- ers’ supplies. Rig timbers a specialty. KEITH LUMBER CO. Phone 3 "il POCO eoeoroee OO ‘The famous Crystal palace in Lon- don is ten inches shorter in winter than in summer, traction of the huge metal frame- work from the cold. Te and make plam: for the coming sum- mer tourist season. This organization will again assume control of the Casper Free Tourist camp which proved a successful ad- ministration last year. Plans for this work will be outlined this evening. 'W. J.. Whitbeck, field secretary of EDENS ARE. GOING FAST Get Yours While the Low Price Is On Also job work of any de- scription. 402 S. Durbin Phone 1462 Total expenses 48,225.75 owing to the con- ds = 1 = = = = = > = 2 =] = — = = =] = a a ears: il Places in your home the world’s greatest time, labor and money saver. This machine can be bought on terms so advantageous that it will pay for itself by what it saves you. Phone for a demonstration while the SPECIAL SALE IS ON. ye Natrona Power Co. - Phone 69 Frill QU 5 iz