Casper Daily Tribune Newspaper, April 22, 1922, Page 8

PAG SE FIGHT MARKET GOSSIP AND FIELD NeW NEW YORK ONL JUMPS ON CURB = bre Holders of New York Oil stock are finding satisfaction in movement of the issue on the New York curb during re-| Sent days, during which it has climbed from $13 a share to) & er $17 with prospects that it will move still higher. uncement has been made of the listing of the stock on the |Domino No an-| éurb, the action hav ring been taken by a prominent New York | ROPREPORTS BOOST GRAINS arket Is Responsible Again Today to Rumors of Dam- age in Kansas. EcHICAGO, April ies were disapp< im here today and ere is : 7 —Liverpoo! ting to the trad asa result there the start of the rs.on both sides med to go slow, and the eld comparatively. within nar. While there was: little ent on account of sharp advance of late, there has aggressive selling and on fhe breaks fair support has developed. msiderable evening up for over Sun no y is expected. ~The opening, which nged from %c lower to Mc higher; th May 1.45% to $1.45% and July 26% to $1.27%, hovered around ese figures for a time, then ad- nced. The Kansas crop report, which later construed as bearish, induced me buying, and the market, under ctically no pressure, was easily in- enced, prices advancing sharply. uly touched $1.30%, a new high on e crop, while May ‘went to $1.49% ainst the outside figure on the crop $1.49%. ‘The close was strong, with ces ranging 1 to 2%c net higher, ith May $1.47% to $1.47% and July .29 to $1.29% = Trading in corn and oats was com- Paratively and moved in sym thy with wheat. After corn had rted unchanged to %c lower with ly 64% to 64%c, a rally set in as lerate gains followed. § Later the corn market showed fair tvity and prices averaged higher in pathy with wheat. At the finish ces ranged % to Jo higher, with ly 65% to 65% @65%. *-Oats started unchanged to %c lower, ly being 40% to 40% to 40%c then ced slightly. *-Provisions were firmer-with the ad. Fance in hogs. ' caoeewe ra Quotations. : Open. High. Low. ferear— - - 145% 149% 1.44% = — — 1.26% 1.30% 1.26% yt... 118% 120% LIh% RN— Yu - 61% 1% -61 61% fey ~ = 65% 65% 64% 6514 ATS— May - - 37% 38% 37% 38% ly - — 40% 41% 40% 41 10.87 11,12 12.55 11.62 10.85 , CECAGO, April 22.—Butter higher; firnt 34% @37%e; conds 33%@33i4c; standards 37%e = Eeeu lower; receipts 42,978 cases; firsts 23% @24c; ordinary first 22@ 12%; miscellaneous 23@23%c; storage extras storage packed lower; fowls © 26c; Broilers 50@60c; roosters 17c. pts 5,000; mostly 5 to 10c higher: Hp $10.30. bulk of sales $10.00@10.25. Cattle receipts 3,000; compared with leek ago: . Yearlings about steady; ther grades beef steers and she stock postly 10 to 25c lower; veals 59 to §2.50 lower; extreme 300 lower; stock- irs and feeders about steady. Sheep receipts none. compared with k ago: Lambs 25 to 40c higher; jeep and feeders mostly steady. Chicago Prices. CHICAGO, April 22.—(United States reau of Markets).—Cattle receipts 900; compared with week ago yearl- and common and medium beet pers generally steady; good to choice mvies 10 to 15c lower. extreme top ; She stock and calves strong stockers feeders fat she stock $5.50 canners and cutters $3.50@ bologna bulls $4.25@4.40; beef quarter of section 7-3 WEST PURCHASED BY WESTERN Purchase of a 40-acre tract com comprising the northwest 3-79, two and one-half miles west of securities company without assistance from the company.» Curb quotations ist only actual’ sales and stock has hanged hands at $17.62 within the last two days. By reason of net earnings last year of $1,071 & steady revenue from the. marketfhg of oil and gas which has been increased this year through advances in the price of crude and because of important exploration work the stock holds all the requisites of a| curb favorite when “its position be-| comes generally known among} traders. Basin BASIN, Wyo., April 22.—Articles of} incorporation of the Doman Oil and| Refining company, were filed here this week. The compeny is capitalized at $1,000,000 and C. A. aring of Basin/| is ‘loca! attorney. The company is composed of West Virginia capitalists headed by J. B. Doman of Rock Oak.| W. Va., formerly of the International Oi company. The company has taken over 1,800 acres in ‘he Morris anti- cling in 52-91. Basin sill be Wyoming headquarters for the company. The Ohio spudded in yesterday at Mercer dome and have one of the best camps and equipment ever construct- ed in a wildcat field in Wyoming. This test will be watched by scouts from all over the country as it will determine drilling operations in the Big Horn Basin as far as the Amsden and Madison lime is concerned, Drillers on the Miller lease in 26-49 $1 lost a bit at 400 feet and are now fishing. Ofl is seeping from the shale and two feet of oll is on the water in the hole. The Greybull sand should) be reached around 900 feet. Robertson interests are reported to have a good well at the mouth of the eybull river but a short distane. from where the Lewis company brought in a duster last week. Ashiand-Wyoming expect to reach the Tensleep in their test six miles north of Basin by tomorrow night, at around 2,500 feet. A large party of geologists represent ing California companies made an ex- amination of the Morris, Cherry and Shell anticlines this week. State Leases Granted. ©. B. Shelburne, Thermopolis, W% SW%NE\ of 32-46-99. Sylvia S. Lee, Thermopolis, all of 36- 46-100 Cc. Ww. 16-42-90 Wyoming Oil Fields company, Chey- enne, all of 36-18-104, A. D. Graham, Somerset, Pa., 16-38-78 Mrs. Margaret J 86 Axtell, Thermopolis, all of all of Daniels, Casper, all} | Griffith, Cheyenne, all of 36-) 16-104 Robert M. Anderson, Rock Springs, all of 36-20-104. BRIDGEPORT GOMPENY — LAUNCHES NEW STORE Keeping step with the ever-advanc_ ing development of the Oklahoma field, the Bridgeport Machine company is stocking a huge store at Tonkawa, | Okla., which will be open for business | May 1. When the store at Tonkawa opens the store at Kaw, Okla., which is removed from the scene of the latest intense Oklahoma development, will clows, The new Oklahoma store will carry @ complete line of fishing tools dnd Swan underreamers. The Bridgeport company's policy of keeping a complete stock of tools, underreamers, hydrau- lic jacks and fishing tools will be in vogue at the new store. Yn addition the stock will comprise a complete line of oil and gas well drilling tools. ———$—$<—<$—<—$—<—<——— Hogs receipts 4,000; market active, mostly 10c higher than Friday’s aver- age; some medium to heavy butchers 15¢ higher. holdover light; top $10.75; bulk $10.10@10.70; packing cows steady to strong; pigs fully steady. Sheej receipts 3,000; today’s receipts practically all on eastern shipping ac- count compared with week ago fat lambs and yearlings 25 to 50c higher; medium and strong weight lambs gain- ing most; sheep around 25c lower; week’s buJk prices on wopled lambs $14.75@15.50. shorn $12.75@18.25; few! small late native spring lambs $16.00@ 16.75; shorn yearlings $11.25@12.00; wothers $9.00@9.25; owes $7.50@8.85. Denver Quotations. DENVER, Colo., April 22,—Cattle receipts 100; market steady; beef steers $6.50@7.50; cows and heifers $4.75@7.40. calves $3.00@11.50; bulls $2.50@4.00; stockers and feeders $6.00 @7.40. Hogs receipts 1,100; market steady; top 10.1 Casper, to be used as the Casper terminal for its new pipe- fine from the Salt Creek field is announced by Max W. Bali 6£ the Western Pipeline company. eclient facilities for receiving tanks The tract is crossed by ae the Burlington and Northwestern railroads and affords fom which crude can be run in grav- tty’ lines into tank cars at loading ticks on either railroad. The com- y, it is announced, plans to provide it* patrons with complete loading fa- WMitice w chase is accepted in Casper as defi nitely precluding the possibility of the line being tied into thy plant of the Standard Oil company, a rumor that has been current. Thirty-six cars of pipe for the line are en route to Casper and cars are being loaded-in Ohio at the rate of eigit to 10 daily. ‘The line will be a cemmen carrier, the first to connect Casper with the Sait Creek ficid. | wise al Salt” Creek 3 Qhappell Preston .. Mike Hen-y Mountain & Guir Northwest Outwest Red Bank — Five Tribes Pet. Co. | Picaray Riverton Refg. Royalty and Produce Buneset. ......... Tom Bell Royalty’. Western Exploration: Wind River Refg. | United Pte Wyo-Kans Ww antere. States Y NEW YORK cums CLostnG $ 14.09 11.25 1.25 Mountain Producers..$ 13.87 Merritt .... 11.00 Glenrock Oil 1 Creek Pras. Salt Creek ‘Cons Prod. and Refrs. Marine Mutual . 5. O. Indiana Cities aanee Com Fourth 4%s Victory 4%s 100.66 Crude Market Paeadenny oA LOAN COMPANY [MOVED HERE Security amine of Chey-} enne Moves Its Headquar- ters to Casper. fer has been perfected during the week. ‘The Casper headquarters tablished in the Daly building, suite No. 20, and David J. Scott, state man. ager is personally in charge. J. A. Hendricks, president of the Security company spent the past two days in Casper visiting with the local branch officers, stating that his com- for its surplus moneys than in Casper. With many large loans already in ef- fect here the company is planning to extend its business here widely during the sprig and summer months. J. E. Keith, of the Keith Lumber company, will act as president of the local branch this year while Harry N. Free will continue as secretary-treas urer. D. L. LaBreche, T. R. Hughes and J. R. Christy will represent the association in the sale of savings cer- tiffcates In Casper. The Security association is not of the building and loan type of concern, but an investment company loaning its funds on a definite contract over a period of from five to ten years, In- terest and principal being paid off monthly about the same as rent. The company does not sell stock but in order to raise funds issues invest- ment certificates to those who desire to save systematically over a period of 100 months. The money is then loaned on local real estate not to ex- ceed 60 per cent of the appraised val- uation. ‘The Security concern guar- antees to loan in Casper every dollar paid in by local certificate holders. The association has"been in existence| the supervision of the state bank ex- aminer. a BUTTER PRICES HIGHER CHICAGO, April 22.—Recent cold, rainy weather throughout the produc- ing sections has checked production and retarded the movement of butter to the markets to the extent of caus- ing supplies to become so low as to be barely sufficient to suppty buyers’ regular needs during the week ending today. As a result the markets were generally firm and active enough to clean up receipts on arrival There ‘was & general tendency toward higher prices with an occasional short period of easiness on somo of the markets. Despite adverse weather conditions, reliable reports indicate a small in- crease in the make over previous weeks and the same periods last year. The effect of this increase on the larger markets, however, have been partly counteracted bya retarded movement of butter to the markets. Fancy butter on all the markets ‘raz quite readily taken on arrival and the demand for under-grades was un usually good. 6.25 | INSTOGK MART Broader business opportunities, more central location and a more fer tile field in which to operate were ascribed as the reasons for the mov ment of the state headquarters of Security Savings and Loan assoc at x from Cheyenne to Casper. The tr: -| Higher Level After Week pany could not find a better outlet| since April.1917 and operates under|* ON LOWER PRODUCTION be Casper Daily Cridune MAY INERT Crllins 11 CENTS IN WEEK, SUPPLY IS SHORT New York Stocks TAST SALES ae Chemical & Dye ........ Allis Chalmers Lt} | American j American | American American Anaconéa |Atchison .. | AtL, Guir and Canadian Pacific Central Leather | Chandier Motors Chicago, Mil and St. Pauw! |Chicago, R. I. and Pac. \Ghino Copper wees Is colorado Fuel and Tron Corn Products crucible Stee | Brie Famous Players Lasky Gereval Asphalt |General Electric |General Motors |Goodrich Co. ireat Northern pfd. |TMinois Central 5 Inspiration Copper . |International Harvester... Int.-Mer Marine pfd. . International Paper Invincible Oil 1% |Kelly Springfield Tire 49 Kennecott Copper ... -+ 42% Louisville and Nashville ...2.. 119 Mexican Petroleum Missouri Pacific New York Central N. ¥., N. H., and Hartford Norfolk and Western ... 107 Northern Pacific 71% |Okinhoma Prod. and’ Ref, 3 |Pacific O 7% Pan American Petroleum . 64% | Pennsylvania 42 |Reople's. Gas 87 Pure Oil .. 33% 16% 77% 58% |Royal Dutch, N. 63% |Sears Roebuck . 16% |Sinelair Con On 33 Southern Pacific ms 25% Standard Oil of N. J. - 179% Studebaker Corporation 123% ‘Tennessee Copper . 12 Texas Co. ..-+.- 46% 35 69 ‘Transcontinental 12 Union Pacific .....- 3 138% | United Retail Stores . 51 \v. Ind. Alcohol 48% |Unitea States Rupver - 65% United States Steel 9956 Utah Copper Westinghouse Fi Willys Overland Petrol Montana Power | Shattuck Arizona |Great North Ore sss CILISSUES UP | Broad Dealings Today at of Active Demand. NEW YORK, April 22.—Today’s broad dealings in the stock market almost entirely at higher levels, cen- tered in equipments, independent steels, motors, oil and utilities. High |grade rails were in itte little demand, but junior transportations were active and strong. Pullman, American and Baldwin Locomotives, Pressed Bteel Car, Midvale Republic, Replogle and Lackawanna Steels rose 1 to 2 points. Pierce Arrow preferred, Mack ‘Trucks common and preferred and many .of the domestic oils were 1 to 3 potnts higher. Local tractions and gas issues made similar gains and: coppers strengthened with such specialties as Cocoa Cola and Postum’Cereal. The closing was strong. Sales approxi- mated 775,000 shares. NEW YORK, April 22.—The final session of the week in the stock mar- ket began with a continuance of the |recent advance. Steels were the strongest features, the Gulf Steels, |Sloss Sheffield and Republican soon rising one point or more. Oils also were very strong, especially Standard Oil of California and Royal Dutch. Studebaker, which led yesterday's mar- ket rose a fraction at the outset to the new high record of 124%. Coalers were conspicuous among the higher , also included Chicago and North-| western and Minneapolis and St. Louis. Coppers and utflities, notably American Teléphone and Brooklyn Union Gas, \were substantially higher, with chemical and motor accessories. Foreign Exchange, Firm. NEW YORK, April 22.—Great Brit- ain demand 4.41%; cables 4.42%; 60 day bills on banks 4.39%. France de- mand 9.33. cables 9.33%. Italy de- mand 5.44%4; cables 4.45. Belgium de- cables 8.60. Germany de mand 37%; cables 37%. Holland de- mand 37.92; cables 37.95. Norway de mand 19.00. Sweden demand 25.97. Denmark demand 21.25. Switzerland’ demand 19.44. Spain demand 15.53. Greece demand 4.52. Poland demand 025%. Czécha-Slovakia demand 1.98. Argentine demand 37.55. mand 13.80. Montreal 98%. Closing rates were: Great Britain, 4.42%; coble:, 4.42%; 60-day bills on banks, 4.40; Germany demand, 39%; cables, 39%. eS SS CARD OF THANKS. , We. wish to express our sincere thanks and deep appreciation for the many kind acts and Grice ae of sympathy from kind neighbors during the illness and acath of our father. Also for the ‘many beautiful Tess! et C. Rouse. MRS. eae RAYMOND CUMMING, 422-1071 CHICAGO, April 22.—Skyrocketing pric: prices this week have that extreme difficulty might be felt in beite for May. pe the filling of huge outstanding contracts for May delivery of heat. Compared with a week ago, the wheat market this wpa ta gS gains varying from 14 to 11%c a bushel, Other net advances for the cal setback in prices seemed to depend for the most part on strenuous efforts to attract wheat from such places as Kansas City and Omaha and to pro- vide unlimited storage facilities in railroad cars on tracks here. Uncertainty over developments at the Genoa conference had a frequent tendency to depress the wheat market, but breaks which ensued failed to last. Heavy profit taking sales by hoiders of wheat were also responsible for numerous transient down turns. Corn, oats and provisions reflected in a minor way the strength of wheat. ‘< MAXIMUM DAILY SALES FEATURE STOCK TRADING IN LAST WEEK NEW YORK, April 22.—Continuance of the boom in the stock market this week carried the average price of rails and high grade steels, equipments, motors and oils to new maxi- mums on daily sales ranging from 1,200,000 te about 2,000;- 000 shares. Increased public participation was balanced at intervals by heavy selling for profits, but reac yamounting in the aggregate to about tions were moderate, save in several of the jess representative industrials in the bond list, liberty issues casing slightly as did also some of the Euro- pean war offerings. On the other decidedly strong. In the open market call loans ruled throughout at 3% per cent. Relaxed tendencies were’ noted in short time rates, bank acceptances and gilt edged commercial paper. ‘The coal strike seemed to enter only casually into the calculations of trad- ers, ‘although advices from industrial centers reported curtailment of oper- ations due to scarcity of fuel and fur- ther shutting down of non-union mines. Bankers reported an expansion «! the demand for bonds. This founds its chief outlet in the large subscriptions to_underwrite, foreign and domestic $150,000,000. De Molay Chapter to Play Baseball Here| The national sport has ‘em all go- ing. Darius chapter of De Molay, which {s located here is the latest or- ganization of the city to announce that it will have a baseball team. A lot of likely fellows have been out for practice during the last week and! if the team has the stick-to-it-lveness which is so necessary in such a ven-| ture, there is no reason why the De! Molay team should not give some of| the other town aggregations a run for their money. They will practice again tomorrow afternoon and it is expected that at least 25 men will be out. 4 SATURDAY, APRIL 22, 1922. HN W. HAY OUT FOR GOVERNCR IN RNACUNCEMENT OF fags! iff £ i i : tf where. John Hay possessed the quall- train master, assistant superintendent and di¥ision superintendent. In 1900 Mr. Hay retired from the railway service and engaged in ranch- ing, livestock production and banking at Rock Springs, which has been his home ever since. His excellent busi- ness judgment, his untiring energy, his close application and square dealing have made him a fair sized fortune and a power in business and an in all the communities in which he has interests. Among the principal business inter- Colorado Charge Sent Back Home CHEYENNE, Wyo., April 22.— Whether Meeker, Colorado, does .or does not desire Mrs. Nancy E. House. regardless, she presents a problem which Cheyenne does not propose to take off Meeker’s hands. Therefore, in charge of Miss Hester Crutcher of the Cheyerne Red Cross, she departed for Meeker Wednesday. Mrs. House arrived here several days ago, She behaved peruiiarly and was placed in the county jail while her case was investigated. Sheriff George Carroll learved thst sho had two sons at Mesker and wired the jaheri ff there for instructions regard- |ing what disposition to make of her. ‘The following callous reply was re- cetved: “Mrs. House has two sons here but |they can’t or won't do anything for her, and this county does not want her.” (Signed) “8S. P. Wear, Sheriff.” Mrs. House was started for Meeker on the first train departing after re- ceipt_ of the m i is $ bi E 3 5 43 hi trial and Railway Stocks and Bonds. — Mall This" Coupon to Tia) Van Hotel 218 West B St. Is now open. Room and board or rooms. Under New Management STEADFAST Gray Goose shrouds himself in this ve know: He has but one air-lane from northern wilderness to Mexican Gulf. He direct to his objective. Q He mates but cnca mystery, but goes in all his adventurous life. His haunts and habits have been aet for centuries. Steadfast and co Claire did designed the Wills Saint and commercialized ambition of his achievement, @ We who the Wills Sainte Claire are to build as soundly as advanced alone make Sirk sie cethes bc atu cis! Claire? TOURING CAR . $2475 COUPE . ROADSTER... 2475 SEDAN 33850 $3275 IMPERIAL SEDAN . $3575 3475. «TOWN CAR ‘3850 P.O. 8B, is Gray Goose. @ The man who so because it was to him the one the driving urge of his career. in our purpose oy Gon who drive the Wills Sainte Claire will find East Second and Park Ave. ® WILLS SAINTE CLAIRE . Pitas f| H i 8