Casper Daily Tribune Newspaper, April 4, 1922, Page 8

PAGE EIGHT MARKET GOSSIP AND FIELD NEWS 45,000 BARRELS NOW DAILY RUN The Standard Refining company here averaged a daily capacity of 45,000 barrels of oil during the month of March, according to figures made available today, and approximate- ly the same capacity will be maintained throughout April barring accidents or other unforeseen calamities. During the past month the Standard company shipped 14 WHEAT SAGS ON SLOW DEMAND Lack of Export Trade Weak- ens Strong Opening; Clos- ing Unsettled. CHICAGO, April. 4—After a hesi- tating start, the wheat market soon took a decided upward swing today chiefly as a result of absence of sell- ing. Hopes of export business tended also to lift values. European bids were said to show a material advance. ‘The opening here, which varied from gc decline to %c gain, with May $1.22% to $1.33 and July $1.17% to $1.18%, was followed by a rapid gen- eral ascent. Subsequently, slowness of export de- mand, together with talk of tmproved crop conditions southwest bad a bear. ish effect. Announcement that wixat was being brought here from Missouri for delivery on May contracts was also a late handicap for bulls. The close was unsettled, 1%c net lower to Sc advance, with May $1.32% to $1.32% and July $1.12%@1.18%. Corn and oats rose in value with wheat, corn opening unchanged to % @%c off, July 61% @61%c to 61% but quickly rising well above yester- day’s finish all around. A reaction took place in the last part of the day, when the wheat mar- ket sagged. Corn finished easy, a shade to %c net lower, with July 61% to 61% c. Oats, which started unchanged, in- cluding July at 29c, were carried mod- erately upward later. Provisions reflected an advance in the hog market. Open. High. Low, Close. $1.32% $1.35 $1.32 91.32% 117% 1.18% 117% 118% 58% 59% 5% 58% 61% 62% 61% 61% 30% BT 36% 86% 39 39% 33% 38% May ... — —— 18.75 May 1055 10.75 10.55 10.72 July --10.80 11.00 10.80 11.00 Ribs— 1120 11.10 11.20 = _ 10.55 Butter and Eggs. 4 CHICAGO, April 4—Butter lower: ereamery extras, 25c; firsts, 32@34c; seconds, 30@3ic; standards, 33%%4c. Eggs lower; receipts, 39,353 cases; firsts, [3% @23%éc; ordinary firsts, 21% @22c; miscellaneous, 22% @23c; stor- age packed extras, 25%c; storage packed firsts, 26c. Chicago Prices. CHICAGO, April 4.—(United States Burenu of Market.)—Cattle receipts, 9,000; fairly active and steady on most classes; veal calves slow, bidding steady; salesmen asking higher; top heavy beef steers, $9.00; strictly choice baby beeves, $9.35; bulk beef steers, $7.25@8.50; bulk fat she stock, $5.25@6.75. Hogs receipts, 17,000; fairly active; .mostly 10c higher than yesterday's average; top $10.50 paid frequently; bulk $10.05@10.50. uigs 15c to 25¢ Livestock Mart higher; bulk desirable 100 to 125- pounders $10@10. Sheep receipts, 12,000; fat Immbs, strong to 25c higher; fat sheep steady; Wwooled lambs top $16.50; shorn up $14.15; bulk shorn lambs, $13.25@14.00 Colorado fed shorn yearlings and twos $13; top shorn ewes, $9; bulk wooled ewes $9@9.75. trainloads of off on the foreign contract. Eagh train was composed of 60, 10,000 gallon tanks. Eight of the trains carried light ofls to meet the specifications of the contract and six train loads comprised heavy grade ois. By loading and dispatching 14 trains the Standard plant here gained one trainioad over the monthly average that will be required to fill the 2,000,- 000 gallon order for gasoline, all of which must be delivered to Baton Rouge, La., before 1923. All three Standard plants Nos. 1. capacity and the company expects to maintain operations at this height. here, Montana Operations. BILLINGS, Mont., April 4.—Drill ing steadily since last Sunday night the crew of the Ohio Oil company in the Howard Coulee deep test weil is now within about 300 feet of the Koo tenal sands, in which they have strong hopes of securing production, accord ing to reports reaching here fron Roundup. The well is now down more than 1,700 feet, and drilling is in the lower Colorado shale. Although wells drilled in this field have not yielded more than a good showing in the Koo- tenai, it is hoped that in the Howard CouleeCoulee the record will be brok. en and oil will be found in this for mation. Following the completion of this test the crew will be taken to the Big Wall, avout eight miles distant and that test will be completed to the Madison Lime. This well is shut down at a depth of 2,925 feet, where it hax been since last November, with approxi mately 150 feet more to go to the lensleep sands. A broken string of casing delayed the completion until winter set in and since that time con- dition of the roads has presented any mcre work being done. The Ohio has many thousands of acres under lease on the two structures and the dis covery of oll in either will mean the beginning of a drilling campaign of great magnitude. A. I. Scott of Spokane has just re turned from that city to take active charge et operations of the Stokane- Roundup Oil company, whose well in the Devil's Basin has been lying idle at a depth of 1,540 feet for the last few months waiting for spring weath- er. Mr. Scott states that his com: pany is financed sufficiently to com plete this well to a depth af 2,900 feet or more and will start dritiing as soon as lis casing is hauled out. The well has 32% inch casing set to tho bot- tom and a string of 10-inch will be run to a lower horizon. Drilling has also been resumed at the Devil's Basin well of the Adams company, by the. Jay See company which has the cantract for finishing the well. The hole is down 700. feet and after cleaning out the crew will start work and rush completion of this well, which {s located in proven ground between the two producers of | the aVn Duzen and Alberta com- panies. In Willow Creek, R. 8S. Andérson has resumed work on the Montana Pioneer well, where a depth of 700 feet was reached before stopping opera-| tions last fell. The string of tools which blocked progress so long has been thrust to one sode and the hole s cased to the bottom. A small show- ing of oil was found in the upper Wail Creek sand and. the operators consider their chances for production in the lower Colorado or Kootenai sands very good. Diamond drills will be used by the Foncanon interests in testing their properties in the Basin and a definite statement is expected soon, when Mr. Foncanon arrives from Aberdeen tp start work. | | Billie Creek Test Watched. W. H. Gels, geologist for the West- ern Exploration and Consolidated | Royalty Oil companies left yesterday morning for the Billie Creek struc- New York Stocks LAST SALES Allied Chemical & Dye Allis-Chalmers American American Can American American American American American American American American American American Anaconda © Atchison . At, Guilt Baldwin Locomotive Baltimore and Ohio Bethiehem Steel “B” Cuadian “Pacific Central Leather - Chandler Motors * Chesapeake and Ohio > Chicago, Mil, and St. Paul —-_ 23% Chicago, R. I. and Pac. 2 and 3 are running at full] € 3reat Northern, ‘Hinois Central inspiration Copper . international Harvester int. Mer Marine pfd. International Paper Invincible Oil Kelly Springtiel Kennecott Copper Loulsville and Nash’ Mexican Petroleum . Miam{ Copper ... Middle States Oi Midvale Steel . Missour: Pacific ’- New York Central N. ¥., N. H., Hartford Norfolk and’ Western Northern Pacific ...... sh Pure Ol .. Ray Consolidated Reading .. Rep. Iron and Steel Royal Dutch, N. Y. Southern Railway ndard Oil of N. J. . 3tudebaker Corporation Tennessee Copper . Texas Co. ... Texas and Pacific Tobacco Products Trancontinental Oil . Union PacZic .... United Retail Stores U. 8. Ind. Alcohol .. United States Rubber . United States Steel . Utah Copper ... Westinghouse Electric Willys Overland .... American Zinc, Lead an: Butte -and Superior Cala. Petroleum Montana Power Shattuck Arizona Great Northern Or MEN EXTENSION NEARING SAN Che Casper Daily Cribune Oil Securities Furnished by Taylor and Clay Hessemer 19 21 28 27 87 rr) 8 Bt) Burke ... eet 216 slack ‘Tail 103 0 siackstone 35 ‘37 Chappell “al 33 Columbine as 16 Compass 03% 104 Consolidated Royalty. 1.18 1.20 Capitol Pete .... 20% “00 Cow Gulch Ao a1 Domino .. ‘03 06 £ilkborn . 06 08 E. T. Wittams ‘83 165 Frantz 2:35 Gates . Jupiter Kinney Lance Creek Lusk Royalty Preston .. Mike Henry Mountain & Gulf “4 Northwest 20 Outwest . 00% Red Back ..-— 18 Picardy .. 104 Riverton Ref; 1 Royalty & Prod at Prod. ana Refr 5.75 Sunset ... 05 Tom Beil Royalty . 2 203 Western Exploration . 2 2.30 Wind Hiver Refg. « * 02 United Pete . 04 o-Kans 1.10 o-Tex . = 201 ter Oil Fields . 87 Western States . 38 ¥Y ow LOCAL OIL STOCKS, Mountain Producers .$ 12.00 § Merritt ...- 10.50 Salt Creek Cons. . Prod. and Refrs. . Marine Mutual 8. O. Indiana Cities Service C Third 44s Fourth 4%s - Victory 4%s | Crude Market | Grass Creek . Elk Basin 1.96 Lance Creek 1.90 Hamilton Dome 1.40 Rock River 1.50 Salt Creck Big Muddy Mule Creek —— BAPTIST PREACHER DEAD. LONDON, April 4.—The Rev. Archi bald Brown, widely known Baptist clergyman, died at Easton. He was at one time president of tho London Baptist association and was the founder of a number of Baptist tab- ernacles. TEXAS COMPLETION NOW PENDING MEXIA, Texas, April 4.—Last week it was reported that a will soon be coming do | wire fence had been built around the derrick of the well of the Mexia-Extension syndicate. The indications are that it , as the well is nearing completion, and of course it goes without saying that the company won’ keep the gusher that, they are expecting to bring in all ture located south of Buffalo tn John- son county to watch the test which! is now in progress. ‘The test well of the district is being Grilled jointly by the two companies represented by Mr. Geis and by the Carter Oil company. The well is now at a depth of 1,500 feet. While good progress is beng made in developing the test, officials of the interested companies here do not ex- pect a completion for the next two or | three months as cautious development is planned in order to make a com- plete and safe test of the district. ee In India upper caste girls do not dance. SALT CREEK PRODUCTION ADDS 7,000 BARRETS DURING MONTH Twenty-seven wells, all but two. of them producers, were fenced up. The oil fraternities watching movements at Extension well. Should it come in a producer, it will extend the Mexia field several miles to the south and east. Charley Anderson is well known throughout the Mid-Continent oil fields as a very successful operator, and his activities are creating an unusual amount of interest. Dr. Hoover, having spent many years im the most consistent producing oil field in Texas, is equally interested in the Mexia-Wortham Syndicate. The campany is expecting great things of are eagerly the Mexia-| the new’ well. STOCK TRADING 5 IRREGULAR Volume of Sales Heaviest in Year but Confusion At- tends Session. NEW YORK, April 4.—Trading in stocks today was in the largest vol- ume for more than a year but profit .aking and heaviness among specu- lative issues caused much confusion. Sales approximated 1,350,000 shares. Surface conditions became more mixed later, Motors, oils and steels again wavering, while shippings, cop- pers and sugars strengthened. The closing was irregular. NEW YORK, April 4—Trading at he opening of today’s stock market gave promise of another very active and strong session. New high records tor the year were made by prominent steels, motors and equipments. Stude- vaker, yest outstanding fea- ure, made an initial gain of 1% points nd Pierce-Arrow common and pre- erred were better by % to 2 point. Vanadium led the independent steels, rising 2 points. Mexican and Cali- ofnia issues continued to feature the sil division with Houston and Royal Dutch. American Sugar, Beet Sugar, American Ice, American Tobacco and American Writing Paper preferred, embraced the other ‘strong ‘shares. Rails as a group were dull at nominal Bull operators finding they were getting a considerable supply of the usual leaders turned their attention to other issues. Relatively inactive shares were bid up sharply, with a brisk demand continuing for the su- gars, chemicals and shippings. United Fruit Jumped 4% points on indications of an increased public demand was furnished by the extensive array of shares dealt in. Dealings during the morning were in excess of 600,000 shares, the largest total for the first two hours in sev-~ eral years. Selling for profit caused | reactions of 1 to 2 points in Stude- baker, Vanadium, Gulf States Steel, Famovs Players, American Car and Cana ian Pacific. United States Steel reacted almost a point from its new high of 98%. Shippings were strong and buying of oils ‘assumed broader proportions. Davison Chemical led the specialties, rising 3% points. Rails were the only important group in which speculative interest seemed lacking. Call money opene? at 4% per eent. Liberty first 4tis made a rapid rise of 102 points, touching 100. Money. NEW YORK, April 4.—Call money firm; high 5; low 4%; ruling rate 4%4; closing bid 4%; offered at 5; last loan 5 call loans against acceptances 4% Time loans easier; 60 days 4%; 90 days 444; six months 4%; prime: mercantile paper 44% @%. Metals. NEW YORK. April 4.—Copper steady; electrolytic spot and nearby 12% @12%. Later 12%. Tin firm, spot and nearby 29.50; fu tures 29.62. , Iron steady. Prices unchanged. Lead firm, spot 4.90. Zine quiet; East St. Louis delivery spot 4.80@4.85. Antimony spot 4.40, Silver. NEW YORK, April 4.—Foreign bar silver, 6544c; Mexican dollars, 50c. Foreign Exchange Irregular. NEW YORK, April 4.—Great -Bri- tain, demand 4.39%, cables 4.40%; 60- day bills on banks 4.36%. France, de- mand 9.14, cables 9.14%. Italy, de- mand 5.3014, cables 5.31. Belgiura, de- mand 8. cables 8.46%. ;Germany, demand .30%, uables 31. Holland, de- mand 37.87, cables 37.90. Norway, de- mand 18.02. Sweden, demand 26.15. Denmark, demand 21.17, Switzerland, demand 19.46. Spain, demand 15.47. Greece, demand 4.43. Poland, demand .02%. Czecho-Slovakia, demand 1.90. Argentine, demand 35.87. Brazil, de- mand 13.87. Montreal 97%, oo In selecting a home site, don’t over- look seeing Park Hill addition on the Mountain Drive boulevard and facing the big city park and play grounds. Phones 340M or 74. 4-4-t£ BOND SECURITIES Address all inquiries to John U. Fish, care Casper Tribune, Wyoming represen- tative Bankers Trust company. The end is in sight. TUESDAY, APRIL 4, 1922. IT THE END) Just a few days will tell the story now. hd e Like thousands of other people in all parts of the United States, you have doubtless been reading my announcements from week to week. You have followed my downward progress with the well No. 1 of the Mexia Extension Syndicate on our 400-acre lease in the southeast extension of the Mexia field. If your memory serves you you will recall that each and every one of my predictions were justified. i The formations I have encountered in drilling this well are al- most identical with those encountered in the roaring gushers of Mexia. The end is in sight now. When this message reaches you I should be drilling below 2,700 feet. A few days’ drilling now should fetch me to the cap rock. Then your opportunity to joinin this fortune bound enteér- prise may be gone forever. If the rotary bit spins through the cap rock and pierces the oil freighted Woodbine sand, as I anticipate, the few remaining un- sold units in this project will be withdrawn. Then it will be too late. Our financing has progressed to a point where we may never have to come to you again —our units may be withdrawn from the market any day now. ‘Tf you could be here with me to watch the progress of this well—to read its record as revealed on the surface of the slush pit —to check each formation as it is revealed, then you, too, would share my faith. Drilling below 2,700 feet—every indication favorable — our financing nearly over, our books are closing—where do you > stand? 2700 2,700. feet, everything regular, the light of my hopes burning steadily. “ 2,700 feet has beer a fateful depth in many of Mexia’s million making gushers, 2,700 feet is a milepost in many Texas oil wells. It is the rubicon at this dephth many hopes are blighted. At this depth the driller must en- counter characteristic formations— here he can read the unmistakable ~ signboards of geology. I wish to repeat that at this depth everything’s regular, prospects are good, I feel in my heart that our well No. 1 on 400 acres in the southeast ex- tension will before many days now startle the world.. . So firmly do I believe this that I confidently predict today that the well and lease will within one month from today be readily saleable at huridreds of thousands of dollars. Ponder upon this prophecy. Think what it will mean to the brave little army of investors when my prophecy is fulfilled. 400 top structure acres—a booming gusher—small capitalization, $75,000 —low price units—a luscious melon— We are on the home stretch. Our race for millions in the rich oil field of the world’s greatest oil state is on its last lap. The developments of the next few days will make it necessary te with- draw our few remaining unsold shares, These days the mail is laden with the coupons and checks of prudent in- vestors everywhere, From now on I feel it my duty to urge you to wire your reservations if you expect to participate—but— Here and now before you join me I must impress you with this thought: No matter what the outcome of this Benen ee our well is an arid ape e or a Yroarin, will tell you the truth. eeTER Lr _ Upon that day the Woodbine sand is pierced and the last shadow of spec- ulative chance has been dispelled— the moment the well has been gauged and its production determined I will vire each and every one of my asso- ciates in this syndieate—I will herald the good news. When these days are accomplished, When the gusher emits its first faint rumbling, then and at that time, I pledge that Dr. Hoover and myself \~ = pee NAS : by . Denmark, 88 a deluge of dividends. will start immediate negotiations f Deaakn Gesiatienes completed in the Wyoming fields during the month of March 100 100% | D x ‘or OMAHA, Neb., April 4. — CUnitea| With aggregate new production of 7,840 barrels a day, as|suroy ii, 402, 208% | Pemvan Tite All these things I believe, and to the sale of the well and lease. States Bureau of Markets.}—Hogs re-|compared with 16 completions in February which made}Belgian, 6s 102% 103 poabelee a ae their successful accomplishments I That is our plan—our aim—a big ceipts, 6,500; market active, mostly !6,418 barrels on initial test. The great bulk of the oil from| Brasil, 'ss 104%, 108% pS harder t) ia = have dedicated the labors of my days, well on a big lease, sell quickly at a oe eee ene eme.os, tan aie,| March completions is shown in the Salt Creek report with a'c 5. « Q. 64 108% 1067 | Japanese, 4s the dreams of my nights. big price, declare a big dividend. bulk 215 to 32epound butchers, $9.65 fetal icf 26 pew: Pendnoee eal Nee When all these things are come to The end is in sight—this may be my Catto receipts, 6,800" beet steers, |COmPIstions, | production and new M CONNELL W Dene pass, where will you stand? last call to you. slow: mostly steady; top $8.25; yeal[WoTk by fields follows, = | Ally ig Queensland. 75": Will you glean the great profits or __ Hitch your answer to the coupon— eee other Cl&Sseg/Sen-l alt Creek ..2.....14' 7,466 ‘1124 93} Bwitt, 7s, 1931 nibee Veen Eek Wire lect, that it’s comin. Sheep recetpts, 6,000; lambs 25 |Bis Muddy . L5= 308)» SAK: ae Swiss, 85... Your decision is important. , collect, that it’s coming. higher? bulk $15@15.50; top $1 Tance Creek -0 OR 12 et be oe interes nA ca Make it without delay. Sincere] bulk, clipped lambs, $13.45@13.6 eer eae and hs sat Sy? s and feeders steady; ewe top| The zee ‘se eat 7 ri oy |Big Horn Basin . ° 30} FORT WORTH, Texas, April .—H. E. McConnell, trustee } F. & Co o $235: Masktee |Lost Soldier and a gg) Of the McConnell-Walcott Development syndicate, is very | orce . ] F; Anderson Denver Prices. pean scanty: «0 ° #5 58) enthusiastic over the progress of his John Henry well on the| . = M4 ¢ DENVER, Colo.. April 4.—Cattte re | Rock 17 43; company’s 1,000-acre lease in Navarro counfy. The well at! Loan Money ceipts 2,700; market slow 10 to 15c}Medicine Bow . ° ly 1,370 feet and is standing i = : “4 Tomer: beet’ steers $65007.40; cows |Fremont county . 0 18 36/only 1, eet and is standing in five feet of rich oil sand.|| @_ Oil, Mini isdae- e ° age a 5.00@7.40; cal 9.50@ | Mule Creek 9 16} It is probable that the well wili prove a big producer at thi . ada M Ex A ; eecccccccece 4 2 ae : preetes eG | owke 40 27|shallow depth. However, if it does P & PI t this | trial and Railway Stocks exia tension Mexia Extension Syndicate, curves 2. bulls ase 00; @ number of projects. The driller, | -and Bonds. 3 7 8 19|/not come up to Mr. McConnell’s ex- 7 | poalrenaccobnty 0 b e Dan Waggoner Bldg., pears ets incon county © 2 20|pectations as producer he will go on out the aid-continent field as avery | —Cuall This Coupon te Us) _ Syndicate Port, Worth; "Texas. : pullc $9.50@9.85. | Miscellaneous .... 7 | down to the Woodbine sand, which he/| successful driller, Dick Walcott be- RCE ANY, Gentlemen: lease Sheep receipts 3,500; market 15 to —| believes to be around the depth of 3.-| Same famous as a profit paser nif" Sika aa ooo $75,000 Capital Par Value 10c n: Enclosed please find $_______ ae Pse higher; yearlings $12.59@13.00;|March total - 224 458 |200 feet. Mr. McConnell can be pleas-| Burkburnett, having been connected 315 Tabor Building as full payment for______.. units i lambs $14.00@15.20; wethers $10.00@| February total $461! et only with a gusher. with four companies which paid ‘from DENVER, COLO. Units Fully Paid and Syndicate at Ten Cents (10c) par alae slctee? 10.50; ewes $9.0049.50. | |_ The. McConnell-Walcott Develop-| 185 to 400 per cent dividends. H. E. - Non-Assessable < ee ES | irteseere ‘ jment syndicate owns 4,219 acres di-)is-Connell's record shows that he! °F : Miss Irene Walsh, youngest lawyer | | vided into eight leases. These leases | Kayea $42,000 for every $1,000 invest.| Dr. M. W. Hoover Charley Anderson Name »----- f-—*-=-== enn In Memphis, makes a specialty of |Cat Creek . 3 _33|are in Anderson, Freestone, Rains and| ly witn him. : } i ‘Trustees ig erimina? practice. Sho expresses her | Miscellaneous 0 4 108) Navarro counties. These leases. have Address : readiness to accept al! is of crim-| beon selected according to the best - | Dan W: Bla i eae ieee ee ene 1! cases, from petty offenses to mur-| March totals 3 400 7 141|avaflable geological advice. Jewelry anti waton reparring ty ei.|[)" Namib ast-ses.s an Waggoner g. ; er. charges, but only on coodition| February total L 0 8 137] The officers of the company are|pert workmen. All work guaranteed|| Street and No. Fort Worth, Texas Place _.... -jall men of wide oil experience'in the|Casper Jewelry Mfg. Co, O-S Bldg. 4'oll fields and have scored success in p-¢-¢ i City and State hat the true facts be presented to the: jury. ipitference ....+5++ 2 i 2. =