Casper Daily Tribune Newspaper, March 17, 1922, Page 14

i : PAGE FOURTEEN be Casper Daily Cribune FRIDAY, MARCH 17, 1922. MARKET GOSSIP AND FELD NEN OHI UNGORKS MAMMOTH GASSER After nearly 2 year of drilling, interrupted at intervais by | 2 fishing jobs and kindred mishaps, the Ohio Oil company has |/ uncorked a giant gasser in the Elk Basin field, said by com- | pany officials and others who have visited the well to be): equal in pressure and volume to the famous Midwest gasser, | {T\“snas coppee listed with the largest in the world, which is now supplying Atchison ..... ie —— Billings with natural gas through the | Atl. Gulf and West In Elk Basin-Billings pipeline, Baldwin Locomotive —. WH FAT ANVES ing upwards of 200,000,000 cubic fect |Gentoal Leather em per day. Chandler Motors”., —eenwe Tho Ohto-well, a: quarter-of «. eile |Chesapenie and Ohio southwest of the Midwest producer, Chicago, Mil. and Paul not only repeats performance of the | Chicago. R- I. and Pac, ——..-— letter in pressure and volume, but it | COiornds Tool and oa 2 When the bitin the new Ohio well -Closing Unsettted After-Con-| first ‘encountered the caprock, gas - ing on Risin pressure in the hole lifted the tools. tinued gerd . With this warning and having in-mind Completion of the Ohio well gives to | Da!timore and Ohio -.--._..-. serves to prove a large-area for gas|Gorn Products experience of the Midwest, which fail- O88 meeteee = Car and Foundry .... Hide & Leather pfd. International Corp... Locomotive ...----- 109% Smelting & Ref'g ... 53% Sugar ..... 121% 138% ngs a natoral gas supply register | Bethlehem Steet .“B= Production. General Electric General Motors - Goodrich Co. ~ ed for nearly three months after com-|Great Northern, pfd. 2.2.22 March 17—Moderate] pletion to control its gasser, the drill-|Tlinois Central .. Fieger a in the price of wheat|ing crew immediately pulled the tools [=spiration Copper r 2 - International Harvester —.—.. took piace here today during the early|and closed the control heal through] in} “Mrer Marine pid. aed trading, the chief factor being higher} which drilling has been in progress for | International Paper --.-—-—--- tations at Liverpool. Reports that|several weeks. In the meantime the| invincible Oil ...... tint whace emphasize’ the smaliness of Buro|woll blew iteclt in, pent up gas with | Kelly Springfield ‘Tire of breadstuffs tended also} pressure equivalent to more than 900/ Kennecott Copper ..~...--.. een enean here. Transactions, how-| pounds, forcing itself through the cap- Se eee Soamned ever, lacked volume. The openins,|rock and secking outlet through the | {Sic Copper SPSL SH which ranged from % to %c htsher,/ casing. Middle States with May $L35% to $1.35% and July; Even with the big gate valve closed | Midvale Steel $1.17% to $117%, were followed by/ as pressure blew out a gasket, mak-} Missouri ight additional gains, and-then eome-| ing reptacement necessary. thing of reaction. Completion of the Ohio well Subsequently, general parc! been entictpated for several weeks. In| NCtinern Pacific sonnet ef a decided rise in prices in-|fact it has been reported as a com-| Oklahoma Prod. and Ref. . @uced by reports of liberal export| pletion upon several occasions recently | Pacific Oil Dusiness, including some to Germany| One of these reports, nearly a month}!’an American Petroleum ~ and by gossip about farmers pooling-| ago, resulted when the bit struck a The close was unsettled, 2c to 3%¢} gas pocket which blew tools out of the |}, ops, Gas -— = net higher, with May $1.38% to-$1-38% | hole. Pressure in this pocket soon ex-| fay Consolidated Copper ca.. and July $1.1%% to $2-19%. ; hausted itself, however, and drilling | Reading Corn and oats were governed for) was resumed. the.most part by the action of wheat.| ‘Tho Ohio spudded in tts welt soon ‘After opening % to %c higher, May/after compiction of the Midwest well $1% to 62, the corn market kept near| more-than a year ago. to the titial range | —— SmaMness of corn recetpts togeth- Midwest Uncorks Well. ex «ith export sales of corn helned| The Midwest Refining company give the market a further lift later.! completed well No. 34-AXS on section The close was firm at 1%e to 1%c/ 1-39-79, a Boston-Wyoming Of] com- net advance, May 62%c, | pany lease during the past week. The Oats started % to %c up, May 38%| well was completed at a depth of 3,-] Transcontinental Oil te 38%c and held fairly steady. 085 feet and the production for the| Union Pacific ..... Provisions declined in value with) first 24 hours was 50 barrels. The ited Retail Stores anaes well will be shot later. Lae ir edipss gerry cok bys pert gears high ry Tinlted States Steel ‘The Mosher syndicate well on the| (United States § Westinghouse Willys Overland ..... Rep. Iron and Steel i. Royal Dutch, N. ¥. .2-.ee-se-++ ars Roebuck . inclair Con OU Closing Quotxtions, | Wheat— Open. High. Low. Ctose.|/southwest quarter of section 19-39-78 $1.35% $1.39% $1355 $1.38%| in the Salt Creek field is still an un- July _- 117% 121% 126% 1.19%|Known quantity. Drilling crews are] American Zinc, Lead and Sm- now busy breaking throush the ce-|Butte and Superior pe ae 1% 63 61% 62%! ment which was set to cut off water, Cala. Petroleum July _— .64% .65% 64% .65%| Production above the oil sand which eee was entered severa! weeks ago. It is| Gest Northern Ore May - .38% 39% 38% -39% said that the sand has been penetrated = July 40% "41% 40% 41% With a small showing of oll indicating | the Inland Oil company on the north oS TAS that shooting operations will be neces,| west quarter of section 18-40-78 in east Ma: — 20.00 | sary Salt Creck during the week. The well Sian Ca Inland Has New Well. is reported to have produced 400 bar- a aua7 148 1120 11.40 Another producer was recorded by|rels during the first 24 hours, July 1135 11.70 11.27 11.62 | — Fibs— —— ———— | May 11.00 11:00 11.00 10.40 rl ee “oe ee ea : BOND SECURITIE: Ss Address all inquiries to John U. Fish, are Casper Tribune, Wyoming represen- tative Bankers ‘Trust company. Butter and Bees. CHICAGO, March 17.— Butter un- changed. Eggs unse Receipts 12, SC7 cases; iirsts 22% @24j ordina: firsts 20@ 21; miscellaneous 22 @22%. pabitecnsicec wa washed | Livesteck Mart Chicago Quotations. CHICAGO, = March States Bureau of Markets)—Cattle re-| Dupont, ceints 3,500; active, she stock and bulls| French, steady to strong; other classes gener epee ally steady; top beef steers early $8.65 Tenanaee: aus. Dulk $7.25@8.00. Japanese, 4s... Hogs receipts 23,000; fairly active,| Kelly Springfield, mostly five to ten cents lower than|Norway, 88 yesterday's average; some lights off|New York more; top $10.50; bulk $9.90@10.30;| Donnt It. It, § pigs weak to 25¢ lower; bulk desirable 100 to 130 pounders $8. @9.50. Sheep receipts 7,000; slow, about steady; medium to good handy weight wooled lambs $ light fleshed shorn lambs $13.00; good to choice 104 pound wooled ewes $9.75. a NEW FOUNDLAND SELLS BONDS. MONTREAL, March 17.—The gov- ernment of New Foundland has sold to the Dominion Securities Syndicate an issue of $6,000,000 five and a half per ;|cent 20 year bonds, payable in New 4|¥York at $98.763 American funds, it ‘was announced today. qa see Jewelry and watcn repairing by ex- pert workmen. All work guaranteed Casper Jewelry Mfg. Co., OS Blde.| 25-tt Pipe Follows | the SWAN Down Omaha Prices. OMAHA, Neb., March 17.—(United States Bureau of Markets)—Hogs re bg FRANEFORT, Ky., Total of 1,200,000 Shares) Kentucky taces a Change Hands, Rails Only | tien of natural Are Backward. te Chappell and Columbing supply batng Compass Consolidated Cow Guich | Dr, Williard Rouse Jiliso: NEW YORK, March 17.—invest-|the Kentucky geological ment rafis as a group were the only) has just. completed a noteworthy backward features in to- and gas resources of day's very active and comprehensive) state is now producing stock market operation, which includ-| of the amount of ed many specialties, Sales approxi-| producing and it mated 1,200,000 shares. + | fore she will be called Independent steels followed the up-| duce more owing to retuction ward course of United States Steel/ supplies from Ohio and West Vir later. Equipments, motors and mt] ginia. nor ofis also were one to two points| “In the-natural gas problem the nec- higher. The closing was strong. essity for immediate conservation is NBW YORK, March 17—Crucible Steel was tho outstanding feature at the opening of today’s stock market, making an extreme decline of 1% points as a result of the passing of the dividend. Bethlehem Steel forfeited = smal fraction, but United States Steel was unchanged. In other quarters of] demand 599%. capes med the list initial dealings indicated @ con-) ™2nd 5.10, jen 5.10%. pa | tinuance of the recent advance, Cop-|™mand 8.43%, cables 8.44. ees | pers made substantial additions to yes-|@emand 25%, cables 26%. o terday’s gains, and oils, motors, sug-|@emand 37.73, cables 37.75. Norway,| ars and tobaccos reflected the ‘confi-| demand 17.40, Sweden, demand 26.07. Mountain Producers -$ 11.37 $ 11.62| Gent attitude of bull pools. Rails were| Denmark, demand 21.00. Switzeriand,| Merritt - 11.87 12.12 | irregular, low priced issues strengthen-| demand 19.47. demand 15.60.! ¢, apap IE 8 OE 1373 | Ing, while investments inclined to ease. 15-73| On abundant offerings money rates|.02%. Czecho-Slovakin, demand 1.75. 5.75 | continued to relax. Call loans open-| Argentine, demand 86.00. Brazil, de 1.12] ed and renewed into next week at 3%4| mand 13.80, Montreal 965: | -87| per cent but fell to 3 per cent within —— the first hour. Trading became more| Money. active and broader before noon, but| NEW YORK, March 17.—Call mon- with occasional traces of irregularity|ey easy; high, 3% per cent; low, 3; "36 |Mexican Petroleum, Standard Oil of| ruling rate, 3%; closing bid, 3; offered New Jersey, Industrial Alcohol and|at 3%; last loan, 3; call loans against American Telephone were most reac-| acceptances, 3. tionary losing 1 to 2 points. On the| ‘Time loans easter: 60 days, 4%@ other hand, Crucible recovered the 90 days, 4%@4%; 6 months, 4% greater part of its loss and coppers,| @4%. i motors and gas shares displayed great-| Prime mercantile paper, 4%@4%. er rivength. Leathers, especially hide ones: and leather preferred were in demand and Cocoa Cola represented the mis- cellaneous group, gaining one point. Representative industrials were in the van in the upward movement of the afternoon; a vigorous demand for 0] United States Steel, which carried it up over a point to above 96, causing an active inquiry for other favorites. Baldwin, American Car, Studebaker, Corn Products and Columbia Gas Bank Earnings Increase. were bid rp one to two points, and NEW YORK, March’17.—Tho Rank| earlier teactionary issues, especially of England, which has distributed a} Mexican Petroleum, made up a con- five r cent mn pann ly nee era, has, ncreared the, rate to siderable part of their losses. cent, a ‘0 a. finan| Saray here said ‘today. A dividend at Metals. an annual rate of 12 per cent has not} NEW YORK, March 17,—Copper been paid by the Bank of England for] steady; electrolytic, spot and near by, a whole year since 1808. 13e: later, 13@13%c. Tin steady; spot and futures $29. Iron steady and unchanged. Lead ‘steady; spot, $4.70@4.80. LONDON, March 17.—(By The As-] Zinc quiet; East St. Louis delivery, sociated Press)—The coalition union-| spot $4.70@4.75. ists won by a plurality of 3,943 in Antimony--Spot $4.25. ve recent Cambridge election for a successor to Sir Eric Geddes, coall- Forelgn Exchange Strong. tion unionist, former minister of| NEW YORK, March 17.—Grest transport, resigned. The successful] Britain, demand 4.36%, cables 4.37; 60-|] | biitreangescde foie arena c vi % gambling, - andidate was Sir Douglas Newton. day _bills_on_banks_$4.83%. France|} | rciless Samblt ati: ‘ other thinking business men feel The Valley Grocery and Market ee ance protect your dweilimg and Thirteenth and South Jackson Streets Phone 1228 Specials for Saturday and Monday EXTRA SPECIALS Best Creamery Butter in Casper, Ib___38e¢ 1314 Ibs. Best Granulated Sugar____$1.00 21% Ibs. Brown Sugar_______________25e¢ 214 Ibs. Powdered Sugar___________ Fancy Head Lettuce, per head_______ Fancy Green Onions, per bunch______ _5¢ Fancy Long Red Radishes, bunch____10c Fancy Bananas, good size, doz______ Wind River Refg. . United Pete Wyo-Kans . Wyo-Tex Western Oi! Fields . Western States - a a Second 48 .----~ --+----- ones First 4%s sees Second 43s +—----—------—— Third 4348 ------—--———---+ Fourth 44s -— Me Jor silver 64%c; Grass Creek .2--<--enese---e~---$1.90 tee mete rene enenn ewes 1.96 Mule Creek ~ GEDDES’ PARTY WINS. It Has Always Been Someone's Fire. Some Day It May Be Yours—Insure. MIDWEST BLOG Mountain States Oil Digest A Velen blake oohiet for the Containing complete and authentic information on over 500 oll, gas, refin- ing and pipeline companies operating in Rocky Mountain Region. Just pub- ished. “A Gusher of Information” Price $1.00 ceipts 5,000; fairly active and steady; bulk 180 to 210 pound butchers $9.60@ 9.70; top $9.75; bulk 215 to 325 pound bifttchers $9.25@9.60; packing grade *$7.75@8 Cattle receipts 875; all classes gen. erally steady; beef steers slow; best here $7.85. Sheep receipts 4,500; fat lambs strong to 25c higher; $15.25 paid; sheep generally steady; ewes $9.25; feeders unchanged. The body of the Swan extends | below the cutters far enough te act as a guide when the tool is underreaming. This is of great value when the formation being underreamed is of alternating stratas of hard and soft struc- | ture. The guide then keeps the tool in the center of the hole and | reams a perfectly straight hole, instead of offsetting or key seat. | ing as is the case with unde reamers not so constructed. Denver Quotations. DENVER, Colo., March 17.—Cattle receipts 200; market slow, about steady; beef steers $6.75@7.40; cows and heifers $5.00@7.40; calves $8.00@ 20.50; bulls stockers and feeders $6.00 Hogs rece! market steady; top $9.60; bulk %9.35@9.55. Sheep receipts 2,800; market 10 2c higher; fambs $14.00@1485; ewes $8.50@9.00; feeder lambs $13.00@ 13.50. e a iy 4 By ~ IT IS FOR THIS REASON THAT THE CASING ALWAYS. FOLLOWS THE SWAN DOWN it % (id BASIN PRODUGERS OPEN CHEYENNE HEADQUARTERS CHEYENNE, Wyo., March 17.— Webb Adams of Thermopolis, Wyo., secretary of the Big Horn Basin Pro- ducers’ assaciation) has arrived ‘in Cheyenne to open state headquarters, and to arrange for the organization of @ branch of the association to repre- sent Laramie, Platte, Goshen, Con- Yerse and Natrona counties. The Pro- @ucers’ association is not militantly an- tagonistic to the Nonpartisan league, but its object is to discourage that or. ganization through intelligent, non-rad ical representation of the interests of | the farming industry. ANY AY, ee incr e You Can Buy-or Rent One THE BRIDGEPORT, ‘ Soe eee : | ; General Offices, Augusta, Kanes : Underreamer Factory, Marietta, Onis Brauches—Tulsa, Kaw, Ft. Worth, Range Rising Star, Breckenridga, z Shidler, Ok. South Bend, Tex. | On sale at News Stands-or sent post paid on receipt of price. The Commercial Printing Co. Midwest Refining Bldg. Casper, Wyoming. Lima Beans. Navy Beans... .. Fancy Blue Rose Rice. Choice Seeded Muscat Raisins........-.....2 pkgs. 45c¢ STOCK SALES © (Chis LOOMS IN RENTUCKY IN HATURAL CRS PROGRAM HEANY TODAY us ruse um ori may be delayed in Kentucky tf effec (inch transmission Did You Get Your Share of the Bargains Last Saturday? If you didn’t, come and get them tomor- row. WE MUST CLEAN HOUSE THE REASON WHY Our buyer, who is now scouring the Eastern markets for Men’s, Young Men’s and Boys’ Wearing Apparel, has instructed us to clean house in order TO MAKE ROOM For shipments which are on the way. Our Store Space is Limited And we are going to make room by of- fering you standard merchandise at ridicu- lously low prices. A visit Saturday will convince you. 260 So. Center St, Casper, Wyo. denburg field to Louisville. The me tropolis of Kentucky, situated 20 -ettes to the northwest of this gas field, thus became the first large consumer, and the Kentucky Rock Gas company, later the Kentucky Heating and Light- ing company, which supplied the nat- _ ural gas, became the first public util- _ service. . “The development of the natural gas resources of Kentucky has been one of gradual rathef than rapid increases, At lease six rather distinctive periods may be noted in the growth of this in- dustry. These are as follows. (1) (1,750- 1872) period of no commercial develop- ment. From the time of eariy exploita- tion up to and including the drilling in of the Moreman property, natural aed aI gas was known, its inflammable qual- ». ities recornized, but it lacked commer cialization. (2) 1873-1892) period of earty counties. (4) (1906-1912) period of east- ern Kentucky natural gas exploitation. Drilling up of the Martin county field. Development of the Menifee county field, gradual depletion of the Meade and Breckinridge county fields,to a very small figure. (5) (1913-1917) period of importation from West Virginia and Ohio. Martin county become the chief source of Kentucky natural gas. Meade and Menifee counties practic- ally abandoned. (6) (1918-1921) perio’ of intensive development throughout Kentucky. Martin county still a small gas producer. Johnson, Breathitt, Floyd and other counties become large Producers of natural gas.” NC LEARNER Sun Maid Seedless Raisins. . ...........-.Per pkg. 33c No. 2 Pork and Beans..... . .... ~.~--—---..---2 cans 30c Small cans Tomatoes. ....... -.2 cans 25c No. 2 Fancy Spinach. tosjoneine ao Per Can 2bc No. 2 Fancy Corn. .........--..-.<----=-----.2 cans 25c Best Parlor Brooms. ——.....___.~«~..-—-.--- Each, 75c 614-Ib. caddy Soda Crackers... ---90c Family size Soda Crackers, pkg. —..-—.-~--......33c Salted Banquet Flakes, pkg. .... .-— ..--..~—-.. ...20¢ Corn Flakes or Post Toasties, pkg- ASRS Best Grade Spanish Pop Corn, Ib..—._....---.-.10c Gal. can Pears, each. -...-..~.-.. 85c Gal. can Apples, solid pack, each. —.—-...... ..75¢ Gal. can Puyallup B! ies, each_____. $1.10 Gal. can California Loganberries, each.._-.-$1.206 Gal. can Yellow Free Peaches, each.....—_..__. 90c Gal. can Hawaiian Pineapple, each -~90c EXTRA SPECIAL—ALL IN HEAVY SYRUP No. 21% Half Peaches, per-can__...-- -40c No. 21 Sliced Peaches, per-can__._.._-._ -~45c No. 214 Bartlett Pears, per-can___..-___.. -45¢ No. 214 Fancy Apricots, per-can...~..- ~~... 40c No. 21/2 Sliced Hawaiian Pineapple, percan-—___. 40c No. 2 Fancy Blackberries, per can. ~~~... 40c No. 2 Fancy Red Raspberries, per-can........ ~-45c Phone 1228 We Deliver Any Place at Any Time New York Oil Company and New - York Oil Company Gas Depart- ment Offices will be closed tomor- row, March 18, the day of Frank G. Curtis’ funeral. ” #