Casper Daily Tribune Newspaper, March 16, 1922, Page 8

PAGE EIGHT WMAXET GOSSIP AND FELD NERS CRUDE lL STOCKS ON INORES NEW YORK, March 16.—An increase of 8,298,000 bar-|Amertcan Can .... rels in pipeline and tank farm gross crude oil stocks east of; the Rocky Mountains is indicated for February, accarding to| the weekly summary of the American Petroleum institute. This is the net change shown by 43 representative companies reporting to.the institute. GRAIN PRICES — UPIN MARKET | Closing Is Strong on Reports | | barrel. of Exports and Light Receipts. The estimated daily aversee gross rude oil production for the United)". merican Woolen States for the week ended March 11./ Anaconda Copper ...... 23.200 barrels, an increase of) Atchison | 9.150 barrels orer the preceding week. Rec me production showed a gai as 1. 2,300 barrels daily. There was # light increase Im Mexta, Texas, pro- duction and the output of the Haynes-| | ville, north Louistana field increased|Chandied Motors . 6,450 barrels. barrel and Gulf coast at $1.25 a de Casper Dativ Erisune THURSDAY, MARCH 16, 1922. STOCKS REAGH [Ot MOUTH WETERS CLES mo WORST SPST NVESTIGATION, HIGHER LEVELS (MPAHEMENT FREMICTED ON EME SOMEN) AF SHOP LEASE: oe BY ERIE SEEN (Olean, New During the past 90 days I have of the lesding Reported New York Stocks Associated Press Leased Wire Oil Securities Furnished by Tayler and Clay | American Beet Sugar ....... Majority of Exceptions to Up- ward Trend Confined to Railroad Issues, Amertoan Car 4 Foundry . American Hide & Leather pfd. American International Corp American Locomotive American Smelting & American Sugar ......... American Sumatra Tobacco American T. and T. ...... | American Tobaceo 4 Boe Royalty . = Bt 2 SOndoudated Consol 2 Cow Guich NEW YORK, March 16.—With few exceptions, notably among rails, the trend of prices in touay’s very broau and active stock market moved al- most steadily toward substantially nigher levels. Sales approximated 1,- 100,000 shares. Outstanding features of the final hour, at gains of 2 to 8 points in- cluded Fisher Body, Consolidated Gas, evoples’ Gas, Sears Roebuck, Utan Copper and United States Rubber. The closing was strong. off including Mark Justice Into Re Program. . Gull Baldwin Bethichem Steel “B* Canadian Pacific .... t and’ W, indies -.-_-- Lecomotive 1 Luck Petroleum +like Henry hesapeake and Ohio y+. Riverton Refs : Royalty and Producers One remarkably well posted man; who has guessed right many times in the past, gave as his opinion that NEW YORK, March 16.—Selling of the Hill issues, which gave a sharp Sunset Tom Bell Royalty e | ry back yesterday's deall. was | Import# of petrofeum at the princi 'r aieiaas Player-Lasky Western Exporation paras Pate padi erg | p Ss |pal United States ports for the week/Gonural Asphalt dese, Wind River Refg. . Great Mectiota Tend “ ended March 11, totalled 3,755,350 bar-/General Blectrie 2222222222222 United Pete . stock market, Great CHICAGO, March 16.—AMtheugh the reis, a daily average of 540.76¢ Darrels, | ( ‘eneral Motors . Northern Pacific reacting almost one slump will be gradually shorter . wheat market here opemed lower to-| \cconding to the institute's summary. |Goodrich Co, . point qptt, Crucible Stes) another Fs. poriods of high prices will last long- @ay in aympathy with new declines at! OG . Sed March 3, im: | Groat Northern, pfd. cent weak feature, fell one point and er. Here is his prediction in a sen- totalled 2,611,000 barrels, a daily aver-| [iepiration Copper American Ice vietied eae?’ ao tence: “The only thing that can stop , | Age Of $73,000 barrels. jIrt { der profit-taking. wUiliticn despite | Th@ trouble just now seems to be|an oil farttine within five years is the fron z: t. Mor Marin TI lec Prediacace 25 Ie carly dealings in loca! utilities, despite |, ivpius of off Perhaps it is under| making of synthetic ede am onte \ disclosed International I 1175 the” more unfavorable aspects of the f refined products revher| is about = like The’ ranking “ot ‘amet orders had dwindied to relatively smi Invincible Oi Merritt a traotion alfuation. American .febacos | Consumption ot produ Key se making Of! the labor board. The contracting proportions. ‘Talk was current t Z | Kelly Springfield Tire gained 1% on its very good annual re-| "4" Over production of crude. For/ synthetic gold. es firms, it was alleged, paid lower wages Suet; demote xvperted wekkaen Lwwestock Mart }\| Ssoe5is cP Stasis port. and Sumatra Tobacco also] in" tne ‘united “States they are. tee | retin improvement Loved For. | tnan the scale fixed by the board. British markets. the actual erece Maxton > ie be dee ra . Foreign oils and the x) No decision been dered between Chicago and Liverpool values Stent Camera Seis arocs-wonnerisl rating runs ons 40 per cent basis/ coming of spring there will be an in- wastes Pears fade tha veer of Yate had widened Instead of nar Middie States Oil... The money market was distinctly | ‘Or the reason that there is not alcreased demand for gasoline, kerosene| ‘ontracting has preceeded until, ac, vowed. The opening here which va Omaha Prices. y fiavale Steel favorable to constructive operations | "ket available for ths refined prod- and lubricants and a stiffening of cording to the ‘boar’ Mitcrmimtes:;alt vied from % to 1% lower, with May! OMAHA, Neb, March 18—(United| Missourt 2ucitic - Call loans soon fell from thelr open-|UCts.” A large amount of oil ts also] prices. ‘This coupled with the grad-| Shops en the rued have beem oomtract. $1.81 to $1.81%, and July $1.13% to] statea Bureau of Markets)—Hogs re-|°%, Xork Central rate of “yur per cent to three and | Sing into storage. In West VirginiA|ual improvement in business condi. SPR ce the son bare. tete 37.13%, was followed hy @ rise to|caipts 5,000; mostly 1@ to 20c higher., Norfolk and Western eae In many instances, how.| ‘2? ominant producing company has! tions all o¥er the United States, slow toers.of. the .conts#ét cokappiky- sil above yesterday's finish \closing steady on strong weight hogs;|Nortnern Paciic .. my rly losseq were extended. Groat ; “cently completed seven 80,000-bar-| it seems but sure, means that by the| lai in the board's announcement to Subsequently, signs of export bus! | hulk 190 to 210 pound butchers $9.60@ | Ossanoma Prod. and She earry: 4 Northern Pacific. ro-/ rel tanks to store Pennsylpania grade/end of the year the oil industry be recent officers of the Erie raffroad. ness, scantiness of receints at Minne-|/$.70; top $9.76; Dutchers 215 to $25{Lucific Ol ~.+ pirate areas sind ressure with pevera’| [rude and the company has cut its/should be on an even keel. Some of piece ars sain apolis, and adverse crop reports from} pound weights $9.26@3.6f packing perm eng ry bares ray Crucible Steel. Di-| “Vidend in two fn order to avoid bor-| the far seeing men I have talked with ‘Ohio together with absence of selling | sows $$.00@S.50. ; mS 5 of the ane posed owenttnnde moet | To¥ing money to for the are of the opinion that thero will be] Marie Corel was edueated in = pressure here helped to lift values In| Cattle receipts 2,500; beef steers|Pure Oil. ze Tomer Agee Se ewket for | Ol: The cheapest fest | near oll famine within: three years|#rench convent, and first studied for a decided manner. Tho close was|slow; about steady; she stock steady to} Ray Consolidated Gopper .. pricking noel dtssee ‘were earth. and that the bonds and securities of|a musical career. But writing soon strong, 2¢ to 2% net higher, with| strong: other classes of stock snostly) Heading a nsaqge aineat individual high grade oil companies offer most | called her, and the success of “A Ro- May $1.35% to $1.35% and July $1.16% | steady. 1eeeetnee, an piace py Sen aR Tg attractive investments at this time.| mance of Two Worlds” decided her to to $1.16%. Sheep receipts 1,008; killing classes! U2" jz, groups and m othed? S008 age: The man will profit most who is most{ devote her whole energies to litera- Corn and oats paralleled the action | strong to 25 higher; top lambs $15.1@;, Progesta jend serene aitng Amn! patient. ture. ‘of wheat. After opening unchanged | yearlings $13.00; wethera $10.00; ewes claties: sande Gada ee aradtactpart Foreign Market. to Sec lower, May 59% to 59%, the | $9.25; feeders steady, pare ai point decline, Duk Changer ‘The foreign markets for petroleum| have us belleve—then the off im@ns- socimiberstc a tegen ne woke es | e other favorites were moder. Products are not satisfactory at the| try will come into its own and there then scored slight genera! gains. Denver Quotations. among : Industries were active buyers and) DENVER, March 16—Cattle re’ ate. Present ‘time but the belief is ex-| will be liberal retarns on the tnvest- With receipts light prices continued| cefpts, 800; market slow to weak; beef Althovgh subjected to intermittent Pressed that there will be gradual|ment for producer, refiner, tranapart- on the upgrada The close was firm,| steers, $675@7.50; cows and helfers, pronttahine.. lies, Sean . ie Undaaeaten iottheone oret| Seti iegG 5° So soot Wate with May | SOU: calves. ssio@inses bane, further gains during the mid-session. The United States is the one great|for the stockholder and happy days me i” ode ae pe ing er + z Pr a ‘The volume of business indicated an- country in the world whose currency | everywhere—but nowhere more em- E%e to lhe. $2.50@3.50; stockers and feeders, $6.25 Gertrude Elliott, the beautiful and rey ah <4 th ith | phasized than tn the off ‘ Oats started %e off to He advance, | @ 48% | talented American wife of Sir John-| other turnover in excoss of 1,000,000 is mort Rete country with] 5 e ofl regions. y May 37% to 37%c and later showed ; market 63% ston Forbes-Robertson, soon is to re-|shares. In the open market the cal Pos enter otsia ta aie aborie an upturn afl around. open 0c and Se higher; top, $9.9 851s appear on the London stage after a| money rates dropped to 3 per cent. fo aa ley iP papers apd M tain States Higher quotations on hogs were re-| bulk, 9.50@9.75. “ $32f | retirement of several years. eet will tode the nouiie te ad Thi oun - flected hy the provision market. Sheep recetpts, 5,500; market 256 | —————__— Money. j 25 Senda te pow Robie aig tien 5 e . ae and 35 higher; yearlmgs, $12@12.50;| american Zine, 1 NEW YORK, March 16.—Call mon- ernie erden abt Servi “anh tamer Whats One’ Tigh te! lar lami SSIS ee nl Ge eee Sen | CY faster: high 4; low 9; ruling Tat° “103 refineries are in operation. have a helping hand from old U. 8. A. es ae A = ani $13@13.75. Wroniane Pier ice possesses among its many ale closing bid 3; offered 3%; bose 1 3% {through western Pennsylvania some| ‘This spirit of helpfulness is the ay $1.3: 3 eis 4 re $%q fences and luxuries a dark room for| cali loans against acceptances ‘ 133% 113% Chicago Quotation, Great ornate 354, amateur photographers. time loans firm; 60 days 4%@5; 90|0f the independent wBuntry end thoy are deine gvern|A, Valuable Booklet for the CHICAGO, March —16.{Unitea days 4% @5; six months 4% @5. Prime frecicpi ders Spree Rbemtais co Bokieried by Oil Man ! 51% 53 61% |States Bureau of Markets)—Cattie mercantile paper 4% @4%. pe Alama bay neater eed earners ccc -66% 62% 64 | receipts 10,000; market fairiy active. ° psa ane Lepiees : inSoeeentionaneeee Bae On por |Beef steers, she stock and bulls Metals. ae ome = F caxe.| mecenatepeme petted eae 33% 38% |steady; early top beef steers 8.65: x s ie e bayeient in the exchange ‘of many. | im ‘Rocky Mountain Region. Just pute 40% 29% 40% |Jbulk 7.25a8.00; ven! calves steady to NIW.. RO March. 16: 2 Parcurend’ “profucte and the <itaking | 10 oa: = 25c\ lower; stockers and feeders slow, | firm; electrolytic, spot and nearby 13; over of large issues of bonds of for- — ——~ 2200 | weak to lower. . later 13@13 elgn countries and foreign cities. This} “A Gusher of Information” | Hogs recetpts 23,000; 10 to 15e high. ‘Tin easier; spot and futuro 28-87. [up even higher than they have in| spirit promotes commerce and fost- z hel Ba Ye | ms i $ Iron steady and unchanged. storage tanks and warehouses, Onelers good will on he ey, aegiine WEeinee eee ha eet ertaes mrersees Dantes j Lead steady; spot 4.70@ @4.80. of the big Wyoming refining comp. When Bustaess "Avakee. - July 112 137 1120 11.35 Tip raiera ease Capra ars Zine _Steady: East St Louis spot nies has just closed a contract for| when the day comes that smoke| ~On sale at News Stands or sent post May 10.75 10. 10.75 10.77 | practical mit 10.60; bulk’ 10.10a10.45; bak Aube the sale of 7,500 barrels of fucl ofl al rolls from every factory stack, when veil 77 SOE 10.77 malt 18-605) DUI A 45; Antimony 4.25. to two big railroad systems. This|the half a million idle railroad cars July —1027 10.35 1027 1025 |pigs 15 to 25c higher; bulk desirable pod . = 100 to 130 pound packers 9.09.75. (Continued from Page One) Salt Creek or in tne shallower for- mockane, was possible through converting the| fro in service, when full time is the Co Butter and Eres Sheep receipts 11.000; fat lambe|im order to insure commercial re-|mations of the Big Muddy field and Foreign Exchange Steady. refinery boilers from oll burners to|rule in all manufacturing establish- CHICAGO, March 16.—Butter high-| strong to 25c higher; fat sheep steady; | turns. because of its extreme depth big pro-| “NEW YORK, March 16.—Great Brit-| natural gas which 1s piped 90 miles|ments—and that day is not as far =; creamery extras i9c; firsts, 4@|medium to good wooled lambs 15.25,| It is Impossible to state whether the| duction will have to attend the com-|ain demand 4.33%; cables 4.24%; 60) across the desert. The railroads Mave| distant as some pessimists would Sie; ‘secunda; 21@33c: standards 38, ; strong wei¢ht clipped yeartings | Weil will live up to such a mark, al-| pletion of every well before it can be|day bills on banks 4.31. Franco de-| heretofore used coal for fuel, not be- Eges higher: receipts 9,292 cases, 0; good handy weight fat wooled, though at this time the indications/a commercial success. mand 8.92%; cables 8.93. Italy de-| ing able to count on a continuous sup- . : \ firsts 22% @22%c ordinary firsts, 21]ewes 9.40a9.50; talking steady on|are highly favorable. The signs point/ The completion also holds deep sig-| mand 5.01%; cables 5.02. Belgium de-| pry of fuel oil. > @2ltic; miscellaneous 214 @ shearing lambs. to a commercial producer in that) nificance for other fields in this vicin-jmand 8.25%; cables 8.26. Gecmany Co-operation in Of Bustness. rs nt —>.__—_ ri = there was no water mixed with the/ity. It leads to the conclusion that | demand 36%; cables 36%; Holland de-| 1) 000+ word in the dictionary oll, it flowed over tne top of the cas-| under the Salt Creek, and other fields | mand 37.57; cables 37.60. Norway de-|, ne Diseest wort tn the dictionary AIREDALE MAKES FRIENDS. Poultry Terms tng after raising a body of ol 4.200 of this vicinity that there ts at lease | mand 17.35. Sweden demand #5,95,| today ts co-operation and of late it : feet, indicating that the well is floy-|one other untapped producing possi-| Denmark demand 20.83. Switeertanid A H ing from rock pressure and draining] bility. It holds possibilities for the| lemand 19.41. Spain demand 15.52. Wit WOLF REFUSES 10 re andy I TR | trom a tremendous reservoir. development of a prospective oil field | Greece oe A Freee oe cooperating in testing out ; | Determinations aro being made to at Casper’s door on the east, tests of |-(24- | Czecho- Slovakia demand 1-77'| new wildcat areas and in the develop- | 9) d - B jy from which sand the oll is com-| which are already under way on the | ATECHEInS Glan ae ing of foreign sources of supply of Tradering booze {ing. - Surface indications and out-|Carlson ranch. It also indicates that | 797 14.00. 4 crude oil. The recent invasion of ~ croppings indicate that uo oil st oe Ree Comes hore Hoe Bee fields Silver. American urea by a foreign oo be flowi: from Dakota or or- areas aad pany through tho taking over an ~ ._CEDAR RAPIDS, Ia, March 16—| Motions or that theso sands may be|should yield commercial products if ban eee, Che Ae ticad chile’ dn | Armeciouneomabany With ian Guibas of SHERIDAN, Wyo. March 16—Rare| 3p) wo ee non oro auarts'one and the same formation. — This|the repr chle et ee Bch id Bocas large producing subsidiaries is an instances of friendship between ani-| ‘town = tea Tee's ode dine | Sand is the same which produced oll ‘The largest stamp collection in the | ¢vent of unusual interest to American mals are on record, but the friendship | area ty local poten eeey ey | and-gas in tho Lance Creek and other nor Rent—7,000-foot fireproof ware-| world was made by the late Baron| oll men. ‘The great thing for the Which sprang up recently. between | orrestal Frank Pach wee nan they! nelas of Wyoming. track Dut im town: ven me, not on | Philip von Ferray, who died in Paris | American companies to do is to keep “Jack” fale pup at the Gallatina |) pieced for “poultry” ‘The strike is of especial importance) -nt “tor three or four years. Phone |in.1917. The collection is said to have | the sources of raw material out of the Samp on Lodge Grass creek near the!" 41 oricer who had just finishea|*? the Big Muddy field in’ tnat it in-| 1383. 3-15-2t* | contained @ used and unused specimen | hands of foreign oll companies. Horn and a huge maie rakine ated course in the anti-voL.| Sures four producing horizons in the oS of every postage stamp issued down to In Mexico. f is without precedent, old | (OnE & Soe arg ae, in the ant}-Vol-| district. First production in the Bis the end of the nineteenth century. ‘The best posted men say there is mace cr el go okie eae E \ Sisto Saattvertetorc large chickens” | “uddy field was found in the Shan- ’ ers 2 p had tor | nim & Sine con non sand on section 10-33-76 by the months reported heavy losses among |” ‘Mita bes ia Humphrey, Whiteside, Merritt inter- the cattle and tracks led them to be ow minuics ow the “poultry”| oats in the summer of 1910, at = depth lieve most of the killing had been|‘Stler appeared with two of his} SOC ty over 1,000 feet, Gone by & lone wolf, “Jack” who had| acest “Blane Swi’ and was placed |” gince that: time the Wall Creek: for- 7 been tied up at the camp showed signs} PDA, Sree Shaswed with manutsc- | (cations. haye heen openidl at a Gopth : of growing ‘uneasiness and).was, ro.| ‘Fe frenshortation and sajoot Naan Te iatproiiantely S08) Seckeand an When for a cost of a few dollars to install a eop- wv ased. He made directly for the tim-| some sections of the ficld formations @ o & per coil hot water hea*ci, you may have unlimited ber and when found later lay on a| pacified after the death of his strange] cated atray sands, because they were hot water at + ti wes with his pillowed on the | friend. Since the shooting he had re-| ieological! enigmas, ha@@ been opened | lV] en S = jot water at a moments notice. 7 EEF Coat of 4 great wolf. | fused to eat and exhibits signs of gen- ‘ si heaters Tenders succeeded in killing the|uine grief. It is feared that untoms he blag pk We have the best makes of gas hot water ‘Wolf and its pelt which is pure white|can be prevailed upon to take food he} >” | at attractive prices. with a broad streak of black extend-| will die. The Big Muddy field today ts pro- ° ing from tho ruff of the collar to the] Whether the dog was attracted to een Meret pees ot ot Clark J 1 Hot Water Heaters, $17.50 a tail, is one of the most valuable se-| the sheer loneliness or wheth- a " i : cared; in this country for ‘many | cr smas oid ontenen tegeies aaa cron tcry i aeestinalen Soeveretrety. Are bound to accrue from a new transcontinental trans- = isis > s months. the two kin, pject of ay = * : . i i s Shit the Atredalé puppy could not bet 2etwa,uim iF the. eubject of much] Sore Ne a compa | portation company now being promoted by the Casper = Lion Double Coil Heaters_______$20.00 2 Development of the deep sand e Sane : : : = : & means there is another reservolr of: Motor Club, the initial stock issue for which will be placed = Ruud Double Coil Heate #s_____- _$22,50 = = = oil in the district which has hereto- - : : - fore remained untapped. The drill on the market Friday morning. ’ = ; : BOND SECURITIES only will tell whether it is a big com-| : = =] nantes Syke 1 Ee mercial possibilty. | = These prices are much $ rane Sos ies ~ . Fish, The well which developed the pro- = 1 h: f 1 = perry Mehra lea ducer or showing is the first’ success- t = ower than formerly. s ‘ive Bankers Trust company. ful well in three attempts to drill the > | pga ager oO, $75,000 to $100,000 Cash B SS a was undertaken on the Carlin loass ? to ’ Ss usine Solve your hot water = the southwest quarter of section = H 1633-76 in 1917, ‘The test was based . troubles now by having on the faflure of the Wall Creeks in| n- ~ 102% 103% Rate Increase this vicinity to yield production. ‘The * one of these heaters in : 108” 208% well was completed but was @ dry Has already been ¢gontracted for, every penny of which stalled. rival ~) hole. | a . : - 108% Is Authorized Sci 1018, or -siearty four, pera iagol! will be spent with the merchants of Casper. Units now 4 the Midwest company undertook {ts + ; Y | first deep test on section 8. Eatreme selling for $12 a share. Only 150 units to be placed on the f . ADA | Une xallroads puesciated ‘vith tiie ares | HOMEEESA cebanaseereas (eekeeenad’ market. For further information Ss er 98% |sourl and North Arkansas in handling | fort. This well was tater made a ; hf 99%4 | through freight were ordered today by | Producer from the Wall Creek sands. Pp: ance | the interstate commerce commission to| Then the well which eventually merease the proportion of the joint| brought in‘ the producer was started East First Stree! freifhts to an extent nec essary to al-| April 14,.1920, and has drilled through Ph 307 119 Fi t | low that raitroa © operations.|® long series of difficulties until the one —— ~ effort met with success. Time will Aeroplane frames were recently of-|tell wsether a commercial yield will} : x, | fered for sale as firewood in Cherbourg | result. é r\\ i0gaq | the price-being less than one dollar! ‘Due to the fact that the off tw of Sdaggaangsyss' % 107% | auch. heav than is produced at