Casper Daily Tribune Newspaper, April 15, 1922, Page 6

PAGE SIX MARKET GOSSIP WEEK IN STOCK AND FELD NENG NMRKET LIVELY Buck: Creek ....2.. Burk m3 NEW YORK, April 15.—Daily stock sales of 1,200,000 Se to 1,600,000 shares, mostly at substantial gains and corre- sponding large dealings and strength in the bond list sum- = marize another noteworthy week on the stock exchange. Easy money, as demonstrated by the federal government’s offering of treasury certificates on a 344 per cent basis and the lower rate of discount by the Bank | WHEAT OPENING IS UNSETTLED Slight Advance Follows Re- port of Crop Damage in Kansas Region. CHICAGO, April 15.—Wheat acted unse morning. » May and} July jon! ightening, former at the high point showing around 2%c over Thursday's close while July was up about one cent. Reports from Kan- fas told of much good wheat and also lots of very thin poor fields, the gen eral prospects from there being disap- pointing. After starting %c lower to Ac higher with May $1-34% to $1.34%, and July $1.23% to $1.23%, prices har- Genet momentarily, then advanced slightly. Later the market advanced sharply on reports that Russia had agreed to pay its old debts which was regarded as a big factor in the world’s situation. ‘The close was strong, 1% to Sic net higher with May $1.41 to $143 and July $1.25% to $1.26. Corn and oats sympathized with wheat. After starting unchanged to %c higher with Maq 60% to 60 « and July 63%, prices soon turned. upward. ‘The close was firm 1% to 1%c high- er with July 64%o Oats were unsettled with the open- ing 4c lower to %c higher, with May 37% to 37%c and July 40%c and soon became firm. Weakness in hogs lowered provi- sions, Quotations. Open. High. Low. ‘Wheat— Close, May 14% 143 134 142% July 123% 126 123% 1.25% Sept. 118% 120 1.18% 1.20 Corn— May — £0% 61% 60 61% Butter Eggs. CHICAGO, April 15.—Butter firm; creamery extras 37c; firsts 334@ 36%¢; seconds 31@31%; standards 37c. Eggs lower, receipts 36,384 cases; firsts 23% @23%c; ordinary firsts 21% @22; miscellaneous 22% @23; storage extras 25% @26. storage packed firsts 26i%c. Poultry alive lower; fowls 26c; broil- ers 40@50c; roosters 16c. Livestock Mart Chicago Prices. CHICAGO, April 15.—(United States Bureau of Markets)—Cattle receipts 500; for week: Beef steers 15 to 26c higher; week's top matured steers and yearlings $9.25; canners and cutters steady; bulls steady to strong. veal ralves largely $1 lower; stockers strong to Sc higher; week's bulk prices beef steers $7.40@8.40; stockers and feed- ers $6.50@7.25; butcher she stock $5.25 @7.00; canners and cutters $3.50@4.25. bologna bulls $4.25@4.40; veal $4.50@ 7.50. Hogs receipts 5,000; 5 to 10c lower; others steady; closing fairly active; top $10.50. bulk $9.85@10.45; packing wows weak to 15c lower; pigs steady to 15¢ lower. Sheep receipts 2,500; for week: Wooled lambs 7ic to $1 lower; shorn 50 to 75c lower; sheep big 25c lower; ‘week bulk wooled lambs $15.00@16.25; shorn $13.09@13.70. shorn wethers $9.- 75@10.50; shorn ewes $8.00@8.75. Denver Quotations. DENVER, Colo., April 15—Cattle ket steady. cows and calves $8.00@11.50; stockers and feeders | Hogs receipts 100; market steady; top $10.15. Sheep receipts thanged; 48.00@9.50. ee King George, who has the privilege of selecting the titles by which all bers of the royal family shall be jown, has decided that his daughter since her marriage shall be officially designated in the court circular as none. market un- lambs $13.50@14.75; ewes of England was the primary factor of the sustained speculative movernent. Rails which derive their main in- come from coal tonnage lagged at in- tervals. There were occasional reac- | prow tions in steels, equipments and motors on the assumption that production in these industries may be curtailea by undue prxongation of the coal strike. | OU Several of the southern transporta- tions were unusually prominent and strong, a8 were bonds of various cotton carriers. Contton ofls moved contrarily, the ‘Mexican group easing on reports of differences between that government and American interests, while domestic shares, particularly Standard Oils and most of the Pacific group displayed Pronounced strength on the higher Prices quoted for their products. Little attention was paid in trading circles to the senate traiff bill and proceedings at the Genoa conference seemed to exert only a passing in- fluence upon the leading foreign ex cHange. Montana Operations. HELENA, Mont. April 15.—Onty few persons are aware of that a resident of Helena and two Great Falls men drilled the ‘irst oil well in Montana. In 1902 the resident of Helena and John Jardine and Georg Calvert of Great Falls, be- came imbued with the idea that nil could be found in commercial quan- tities on one shore of Many Glacier lake, which is one of the points of great scenic interest in Glacier park. Hauling the materials to the location of the proposed well was a large un- dertaking, an‘ freighting the mater- the fact |%. tals from Browing with a string of 20 horses required several weeks’ time. When the derrick had finally been erected and the rig set in place, op- erations started. At a depth of ap proximatety 2,500 feet small quantities of oil’ were found. The drillers de- cided to shoot the hole, which they did. The next day all traces of oil had disappeared. From the beginning of the operations upon the first oil well in Montana to the time of its abandonnient two years were consum_ ed. For a large portion of this period fish and game constituted the diet of the drillers, due to the difficulty of ob- taining supplies. ‘Threats to discontinue exploration work and tie up valuable acreage in endless litigation are contained in a statement of Gordon ‘Campbell of Great Falls, Mont.. in referring to a reported movement among landholders on the Sweetgrass Arch structure in northern Montana to cancel leases granted to ofl companies on a royalty basis. The land affected is in close proximity to the well in which oil was struck by the Gordon Campbell-Kevin syndicate, Leases are in lively demand throughout that region for while the pioneer well has developed no large Production, the fact that the sand is saturated to the extent that it will fill a hole ts accepted as an indication that larger wells will be uncorked with further drilling. The town'of Shelby is in the center of this activity. “Tip’ O'Neill and J. B. Catlett have taken a lease on the R. D. McKenzie permit about hair a mile from the dis- covery well and must start drilling within 90 days. ‘Two miles north of the discovery well the Black Magic Of company of Great Falls will drill and is now mov- ing a rig to the field. The Big West Oil company has a rig unloaded at Kevin to be trans- ported to section 6-341, 11 miles south- east of the pioneer test. The company has some 6,000 acres under lease. Others investigating the field and its Possibilities are geologists for the Standard Oil company of California, which is now operating in Montana fields. Ship Searched For Gem Thiet BALTIMORE, Mda., April 15.—Pas- sengers and crew of the Pacific Mail steamship Venezuela were held while search was made for a theif whose operations on the voyage from San Francisco to this port were said to have deprived half a dozen or more passengers oif jewelry. Most of the missing articles listed by the police were set with diamonds. A guard was thrown about the ship while the investigation was in pro- Princess Mary (Viscountess Lascelles.) gress. HIGHER WHEAT PRICES CREDITED TO INCREASE IN EXPORT BUYING CHICAGO, April 15.—Revival of export buying has done a@ good deal this week to bring about higher prices for wheat. Compared with a week ago, wheat this morning was up.2% to 4%c a bushel, with corn 15c, and oats a rise of % ai changes for the week in the showing a gain of 5% to nd 7% to 1% and 15¢c. Net provision market varied from 15 to 17c decline to 50c above. Foreign demand in the wheat mar- ket gave evidence of more activity than for sometime past, a turn for the ‘worse in the European crop outlook being the chief reason assigned, al- though talk also was current that hopefulness in regard to developments expected from the economic conference st Genoa had inspired some of the buying. Failuve of the Liverpool mar- ket of late to follow price declines on this ide of the Atlantic attracted spe- ial notice among traders here, and was taken generally to indicate a de- tided change of view on the part of st least some big interests abroad. Enlarged receipts of wheat at Chi- cago seemed to miss fire as an influ- ence against the upward course of the market, gossip being current that the bulk of the arrivals would go to east— ern mills. On the other hand, reports of better milling demand at St. Louis, Kansas City and Omaha counted to some extent as a stimulus toward higher prices here. ‘Wet cold weather was moro or less responsibie for upturns in the value of corn and oats. ; Increasing stocks of lard ‘tended to depress provisions except pork, which was bjd up without difficulty. RAIL VALUATION FIXED. WASHINGTON, April 15. — tentative value of $234,189,816 for Boston and Maine railroad system was found today by the commerce commission. aS Fancy oranges (not small) 25 per dozen; Florida grape frult 3 for 25c, Saturday onty. Natrona Butter pees. ‘The the! I cr on, 162 1 a a4 73% ann NEW 41s group were not materially higher. The * | closing mated Co, oe Great Northern pfd Illinois Central .. New York Contral . N. Y., N. H., and Hartford . Norfolk and Western Northern Pacific ...... Oklahoma Proc. and Ref. - Pennsylvania People’s Gas Pure Oil 13 cents former and higher. 2" | Heavier Demand at Increased Prices Reflected in Ex- for 12% cents for spot and 12% to change Trading. YORK, April 15.—Very heavy attended today’s two-hour [ was strong. Sales CHEYENNE, Wyo., April 15—Bie- hop N. 8. Thomas of the Episcopal dio- cese of Wyoming this week at Trinity| church, Pittsburgh, Pa, is| freight office of iaivenats a series of daily sermons! lington and Qui which are being broadcasted by radio| pany in the Ci oun! Greece demand 4.50. 02%. CzechoSlovakia demand 1.98. Argentine demand 36.00. Brazil de- mand 13.34. Montreal 97.%. . LEGAL NOTICES. NOTICE OF SALE. for later deliveries. Iron was Forsign Exchange, Sicady. NEW YORK, April 15.—Great Brit- United Retail Stores U. 8. Ind. Aleohol . Mantan Shattuck Arizona . < TEXAS-MMEXIA oY NDICATE SPUDS INFOR SAN SABA COUNTY WELL FORT WORTH, Texas, April 15.—Well, I am just back from San Saba County, where I attended that spudding in| party, I told you about sometime ago. The San Saba County well is purely a wildcat proposition. drilled on the 1012-acre tract of the Texas-Mexia This well is being Drilling syndicate. USUAL APRIL SHORTAGE SENDS “BUTTER PRICES HIGHER TURING WEEK CHICAGO, April shortage of butter, the month of April, developed during the week ending today and sent prices to high levels, according to the weekly review of the United States bureau of markets, Buyers who had held off as long as possible in anticipation of lower markets began anticipating their wants as the week advanced and sup- plies became ligiter. Those who did not soon found it almost impossible to fill their orders even at rapidly ad- vancing prices. By Thursday, the price of 92 score had advanced, from 1% to 3% cents and it was not until toward the close, when the markets became easier, that there were indi- cations of a more balanced supply and demand. Recent heavy rains and generally bad weather had caused a delay in re- ceipts and also has resulted in @ poor- er quality. Despite supplies on all the markets there was no real confidence among the operasors. Every ono realized that it would take but a small increase in the supplies or a small decrease in the demand to cause a break. As a result when the available supply at New York late Thursday became only slightly larger there was an immedi- ate weakening of the market which re- sulted in a decline Friday. Other mar- kets, through sympathy, immediately began to weaken and at the close there were indications that the short con- dition would soon get relief. NEGRO SLAYER GRANTED PARDON BY GOV. GAREY CHEYENNE, Wyo., April 15.—Dan- iel Parker, a negro convicted of mur- dering a negro at Keminerer about seven years ago, sentenced to hang but whose sentence was commuted to life imprisonment, has been granted a pardon by Governor Carey, on rec- ommendatinn of the state bam of pardons, with the proviso that he shali leave Wyoming and never re- turn. Ha will go to his former home at Little Rock, Ark, Col. B. M. Hatfield, sole trustee of the company, and one of the world’s greatest geolo- gists, made the location. This location is at the intersection of the Strawn apd Bend structure. It is believed, by the geologists, that this structure con- tains oll at a shallow depth. The true stato of affairs will be determined by Colone! Hatfield's well within the next few weeks. This well, as all wells in a new territory should be, is being drilled with a cable rig. This is not so rapid as the rotary rig, but for safer for wildcatting. ‘We found San Saba very interesting, It is wonderfully rich in natural re- sources; its soil is fertile, and there is ample water supply for irrigation. ‘There are 40.000 acres of fine land in the San Saba river valley, all subject to irrigation. A dam, which would conserve the river water is under con- sideration, and I may add, has com- manded the attention of Henry Ford. Colonel Hatfield is very enthusi- astic over the prospect of his first well in that county. He expects to rill a number more on his lease. The water supply which I spoke of, is quite an asset to drilling, you know. The city of San Saba is only six miles from the Texas-Mexia derrick. The Texas-Mexia will spud their} Crane county well in the latter part of this week. ee —tTry Tribune classified 24d—— ITCHY BLISTERS ON BABY'S ARMS And Back. Burned Not Sleep. Guten eae | and Quincy Com- pany, a ion, ed, as United States Marshal the District of Wyoming hrs levied nm and had properly ‘the foll sere ‘ SATURDAY, APRIL 15, 1922. ing now situate in the Chicago, Bur- pany yards at Casper, Natrona County, Wyoming. Notice is hereby given that on the 27th day of Ay Tb ga sae chicago, Bur- jatrona ng, at the hour of @ forenoon I will », Wyo 10:30 o’clock in execution issued upon a judg- ment in the sum of Two Thousand Bight Hundred Seventy-two and 35-100 ($2872.35) Dollars, and in- terest thereon at per cent per annum from November 27th, 1917, and Sixty-eight and 96-100 Dollars ($68.96) Costs, and accruing costs in the sum of Fifty ($50.00) Dol- lars. - Notice is further given that the eae by pov Beebe Traders S consulting ana calling Geor the| Scott, General Freight Agent of the Burlington And Company at HUGH L. PATTON, United States Marshal for the Dis- trict of Wyoming. Publish 15th and 1922. Chicago, Quincy Railroad Casper, Wyoming. NEW SALT CREEK ISSUE Five Tribes Petroleum Company Capitalized at 500,000 Shares of a Par Value of $1.00 Backed by Local Oil Men of Long Experience. Limited Amount of Stock Being Sold for Development Purposes First Well Spudded In April 1. Now Drilling at 310 Feet HOLDINGS— 60-40 drilling agreement and an assignment of the lease of 160 acres in the Salt Creek Field, known as Tract T, and consistin, One-Half of the Northeast Quarter of Section 19, the Southeast Quar- ter of the Southeast Quarter of Section 18 and the Northwest Quarter of the Northwest Quarter of Section 20, all in Township: 40 North, Range 78 West of the 6th P.M. . D. W. LEWIS, President. f Field Superintendent of the Midwest Re-'. fining Company at Salt Creek. C. P. TAYLOR, Vice President. Assistant Boiler Foreman at Standard Oil Company Plant No. 3. J. R. DUNBAR, Secretary-Treasurer Superintendent of Transportation and Cas- per Storage Yard of the Midwest Refining Company at Casper, Wyo. T. S. M’CLEARY, General Manager. Pump Foreman of the Midwest Refining Company at Salt Creek. OFFICERS AND DIRECTORS: WM. HARGROVE, Director. Drilling Contractor for the E. T. Williams Oil Company. WM. DEATON, Director. Driller at Comanche, Okla. W. J. PORTIS, Director. Chief Clerk for the Midwest Refinirg Com- pany at Salt Creek. R. & ee URENEERG: Director. nnec’ the firm of Reimerth Van Denberg, Accountants, Casper, Woot GARY W. JONES, Director. Assistant Pump Foreman of th Refining Company at Salt Creek. a sii MARKET AND INFORMATION UPON REQUEST. TAYLOR & CLAY Ince. CONSOLIDATED ROYALTY BUILDING Casper, Wyoming Phones 203-204 ig of the East 6