Casper Daily Tribune Newspaper, May 3, 1922, Page 10

= fhe Casper Daily Cribune OILS FEATURE "TRADING AGAIN Domestic Issues in Demand on New York Exchange and Closing Is Strong. NEW YORK, May 3.—An extraord} nary demand for domestic ofis at gains jo? 2 to almost 10 points was the dom- 140% | inating feature of today’s active stock 91% | market. High class industrials were 53% | relatively dull. Sales approximated 101 11,300,000 shares. ais. | Standard Oils of Caltfornia and New 47%, |Jersey, Pacific Of, Texas company* = |and some of the tn uscontinental rails rose to best prices of the session at the close, which, was strong, 7. NEW YORK, May 3.—Speculative interests -again concentrated in oil |sbares at the opening of today’s stock market. Domestic issues, especially ‘rucible Steel . : 302% |those mentioned in connection with 7 65%; |possible mergers were the strongest ty | Exe 334, features. Associated Off immediately | }- 4 Famous Players Lasky . . S81 |added two points to yesterday's sé¥en" General Asphalt . %| point rise and Standard Of} of Cali-' Genered Electric fornia, Producers and Refiners and General Mo Trading were higher by ‘frac | FAVING CITY PAGE TEN NMAET GOSSIP AN FIELD NEWS| MONTANA OPERATIONS BEMENED . BICLINGS, Mont., May 3.—After a shutdown of four ¢ months, operations have been resumed by the Ohio Oil com- pany in their big Wall deep test well near Roundup. This (spito! Pet well is now at a depth of 2,935 feet, with a string of casing |Cow. Gukh . parted and some tools in the hole. The boiler was steamed ino. Ree fi HH fl Oil Securities Furnished by Taylor and Clay i TAST SALES AMied Chemical & Dye . Allis Chalmers American American Can r z | ; [ sf | i : wck Creek: Burke American American American Anaconda up last week and water was pumped out of the “cellar” in| ae preparation for resuming work. Coal) Frants 3 Au., Gulf T CLOSING ts being hanied from Roundup for ure) Gates ° é 2. - Ballwin Locomotive In the meantime another test was|/'¥> T started in the Howard Coulee by the| ices as fuel. When shut down last win-|Jupiter ... taitimore and Ohio ter, the well was believed to be within|Kmney Coastal Bethk about 150 feet of the Tensieep sand Luck Royalty °: $, Rivert 4 Profit-Taking Causes Reac-|Onio company and this has been car. [Royalty & Pordu tion at Close from Advances | ried through the Kootenais without | Sunset Earlier in Day. result. Drifting has been discontinued Chandler M A Chesapeake and io Chicago, Mil.. and St. 6% the bottom of the-hole during under-| Gutwest = Tearning. Red Bank which produces in Soap Creek ana/lance Creck Ror on this well until the possibil Wyoming neta! |Preston the Big Wall are determined. CHICAGO, May 3—Wheat took a| Manager Rush anticipates little dif- moderate upward swing in price today | culty in getting ready to make devth @nring the carly dealings, values being |!" the Big Wall test. Should the caa-| strengthened somewhat by announce-|'"& Present any obstacies to its re- ment that veepel charters had been | oval. the string will be shot at 2,200 made hero yesterday for the shipment | ‘*t. at which point a slight bend de-| of $00,000 bushels of wheat by lake|Véloped when drilling. The casing) routes. Bosides, Liverpool quotations | ¥!!l be sidetracked and a new hole pincer LY eS tions to cen point. Shippings con- Illinois Central + tinued to strengthen and motors de- Inspiration. Copper 41%, | ¥eloped increased firmness, but steels national Harv 96%, equipments and rails moved contrari- = Marine pfd. 86% |ly. American Ice wns heaviest of the national Paper . 52% | specialties, falling one point. Oils continued to overshadow all Invincible. Oil Kelly Springtield other stocks in the smaller dealings Kennecott Copper MAKERS OF *CLIMATICALLY CORRECT? PAINTS FOR A QUARTER OF A CENTURY NEW YORK Cum CLOSING Mountain Producers 3 ; Merritt -.... d of the morning. Leaders of the indus- showed a tendency to rise. Deliveries| Started from that point. Already| Merritt --... 143 | Loutsville and Nashville Total of 7,800,000 Gallons of wheat hers continued to be made] *°mething like $125,000 has been spent| Sof Greak Pris. 00|Mexican Petroleum ~ trial and railroad divisions showed lit!" Shipped by Standard Dur- eteadity on thts month's contracts, but}? this well. and the Ohlo officials! soit Creek Cons. - Miamt Copper .. tle activity or strength. Associated , 14 | Oil extended its early rise to 9% points % ‘and gains of 1 to 3 points were mado % by Houston, Pacific, Standard Oils of | eS New Jersey and California, and Call- increasing the capacity of plant fornia Petroleum. Secondary motors is 2 tolen average dally capacity: of and iffiliated specialties rose 1 to 31 46,000 barrels of crude ofl the Stand- points on the demand for Bosch Mag-| ard Oil company was enabled to ship {neto, Stromberg Carburetor and Mack] 7,590,000 gallons of high gravity gaso- Trucks. Independent steels were | line on foreign export order during the firmer and various miscellaneous !s-| past month, according to announce- = _ 87% | sues rose 1 to 2 points. CaN money’s| ments made . Cooke, general 34% |opening quotation of 4% per omit, the Pre ~ fhe amounts tendered were relatively |“Pppear to have every confidence that anall. The opentng, which ranged|0!l will be found in the lower sands.:! from % decline to %e advance with|The Big Wall weil is on property inj} May $1.44 to $1.44% and Juty $1.28% | ¥hich the Victory Of! company has a to $1.28% was followed by a slight | SU>stantial royalty interest. gethack and then by material gains ali} 1” @rilling the Howard Coulee well, around, especially for May. a stratum fs extremely bard limestone Subsequently, efforts on the part|¥®5 Struck just before quitting, in of some shorts to stop losses tn the} Which ft was not possible to malo) Ted to a decided further |™ore than 15 or 20 feet a day. This May deltrery = oc | has mot been found in other wolls drill ed in this formation. In fact. none a! 1 ee $00 |Middie States Oil 2 Midvale Steel Missouri Pacific 105.63|New York Central Hey ing April in 13 Solid Trains. Cities Service 99.40 | Pacific Oil > 99.30|Pan American Petroleum 99.54| Pennsylvania 99.40 | People's ure Oil sates Jed to a reaction 99.70 "Re ©] manager. f jeter. ‘There was some talk, too, of | (He wells drilled in the several struc-|Vourth 4's, a 38-18 (Ray Consol highest initial rate in several weeks;| To move the huge shipment of high T R O e winging wheat here from Toledo, ‘The | ture? of the county exactly tally as to suggested lighter money tendencies. | ¢rade gasoline 13 trains of 60 cars wa esults biained Realizing and distributive sales coupled with. selling by professionals who contended that the market's tech- nical position warranted a setback causer a downward sag to prices after midday. Shares which had not par: tictpated to any great extent in the forenoon rise were hammered down 1 to 2 points under yesterday's final |figures. Mexican Petroleum, Stude- {2 "|baker, General Asphalt, Baldwin Loco- 137% |Mmotive, Republic Steel, Interborough 52% [Consolidated preferred, Gulf States 50 | Steel, General Electric and Interna- tional Paper were particularly weak. |The decline was later arrested by a |sharp upsard movement in the stand- lard railroad shares, Reading, New York Centrai, Southern Pacific and New Haven mounting 1 to.1% points. their logs. It is evitent that the Colo- ae TE ns like Mates {fd shale 1s constderable thicker in| ae yesterday's finish to 1%e higher. |i is ao: | Sin ay “Litt to G48 vend Jay) nit dome than to others pearby, thos E2syH to 123%, logs. The Roundyp Of an@ Refinery com- Future delivery buying on the part of the houses with export connections | nany, of Roendup, has completed its|© piant, and will start refining grsotine gave independent firmness to the corn this week. The capacity of the plant each left Casper during the 30 day period. The cars had an average of 10,000 gallons. ~ By shipping this tre- mendous amougt of gasoline the Stand- ard company just maintained its monthly shipment average which will} be required to move 100,000,000 gal-! lons of gasoline from Casper to Baton ‘Rouge, La., during the present year. When the capacity of the Standard plant here was increased to 46,000 bar- rels, an average maintained for the month, a new refining record was es- tablished. By maintaining the plant at the new peak for 30 days the Stand- ard company was able to handle a greater quantity of off than was ever run through the plants in’a similar period. In addition to the heavy shipments on the foreign contract the dotnestic market is said to have improved ma- terialty with the advent of spring traf- fic in many sections of the country. Shipments o> domestic deliveries are Foreign Exchange Irregular. being made from plants 1 and 2 which NEW YORK, May 3—Great Bri-}handle rerun oils. The figures on tain demand 4.43%; cables 4.43%; 60-]this phase of the business are not day bills on banks 441. France deavailable. ck .. } Sinclair Con Oil Southern Pacific Southern Railway with One Operation— > Floors can now be stained and var- nished at the same time and in the i Because Crude Market | Tennessee Copper . +190) Texas Co. market. After unchanged to , + 140 Texas and P: apenhrs %c higher, Jaly 65% to 6&%c, prices] sumers. No cat in price 1s anticipated| EMOLA FINISA but te ani: dv enoeeicn Product will be) offered. tracts have been made of receipts here, acted tater as buil-| for supplies of crnde from Cat Crook, 25 fh factors. The close was wnsetfied.|and storage tanks both for the crude| %-to Ic net higher, with July 66%@ | and for gasoline and kerosene are be- x : % to 66%. ing completed. The residue will ve! | Westinghouse Electric Oats sympathtzed-witwother-cereals,|used under the boflers and sold for | Willys Overtand starting a shade off to % to %e hish-|fuel, no effort being made to refine| [American Zinc, Lead and or, July 40% to 40%c, and thermmade| other than the two products. As soon| Chicago Prices. ie eee & sligit general advance. as crnde from the Roundup fields is} CHICAGO, May 3.—(United States! xrontana Power . % Provisions were dail but-steady tn} available, this will be used and equip-|Bureau of Markets).—Cattle recsipts ‘ | Tine witty hog~vetues. ment will be installed to extract Iubri-|13,000; beef steers slow; steady to) 3 SS cants, according to the management. |weak; early top $9.00. weight 1534) Closing Quotations. Activities In Devil's Basin are now| pounds; bulk beef steers $7-75@8.65;| pune, $14.35@14.60; top, $14.65; sheep Open High Low Close|reaching an interesting ‘stage, accord-|other-classes generally steady; butch-| cisady: feeders higher; | 67-pound! ing to information reaching here from|er she stock mostly $5. | x % @7.25; bol- 5 ; shearing lambs, $15, 1.43% 2.40% | Roundup, and it is thought that the|osna bulls largely $4.85@6.16. bulk} = : etail Stores Alcohol States Rubber nited States Steel . h Copper 65% 97% Silver. NEW YORK, May 3.—Foreign bar silver, 68%; Mexican dollars, 52%. ‘Wheat— May 218% 240 fora __ 128% 129% 127% 1.284% | next few weeks will result in proving|vealers early $7.50@8.25. Denver Prices. et ES apt 120 1.20% 1.19% 1.20% | considerably more territory on that| Hogs receipts 17,000; uneven, fairly) peer Colo, May 3,—Cattle— oa re structure. The Tri-City well in 9-11-| acti Ught about steady with Tues-| > ints 1,200; ne eenry steady; beef May 61% 63.87% 62% | 24 will bo epudded In tomorrow by the| day's average or strong to Ge higher| Seen $6.50@8.25; cows and heifers Sity -65% 65% 658% .66% | Jay Seo Drilling company. This willjthan the Close; medium and heavy $475 G6 69. calves, $8.50@11.50; bulls, be tho first deep test on the structure, | butchers about like ‘Tuesday's’ close or $4-75@0.00: calves, $8.s0g@a1 50; bets, ares ste tm 37m . celica fn to carry it/5 to 20c lower than the average; top 7°) = 4 0 2,300 feet wi id take it to/$10.50; bulk $9.85@10.45. packing sows] ‘" Aes AM 0% 40% the Madison lime. It is said that Port-|weak to 10c lower; pigs steady; bulk| | Moee—Recetpts 600; market 10c t Sa 21.00 |!and capitalists have been interested | $9.75@10.40. rap pteba eed eee 4 Yas Dngantitnd” S78 "oS age ire ra with the Tri-City company in the de-| Sheep receipts 8,000; steady to 2c], Sheep —Recelpts 7-200, market 10¢ ae r07 11.00 11.07. | Yelopment of this section, on which|higher; best shorn lambs bid 14.90. HS penney mrobaves 1015; Koweny a weed 31.39 |the oll rights are held by the North-|Colorado fed wooled lambs $16.40@ | $7.50@9. | Ribs— especie ralboes ieee oe 16.50; two ee cya Hey ae | ¢ Adams well, !mg|as shorn wet! 10.10; light fex- C R fus | oy — FES TN BAr [wit 2 crooked hole at 700 feet, thiat|as fall shorn owés $9.75 native spring ourt Re es - : ; MS trapediment is now believed to be re-|lambs $16.25 down | = moved and drilling will again proceed. Feit Jud f bi Batter and Exgs. With no forther difficulties, this well Omaha Quotations. gment or CHICAGO, May 3.—Butter lower; | should strike production around 1,200 Eggs lower; receipts 27,574 cases; firsts 23%@24e; onfinary firsts 21% sidered to be certain of commercial Production. lower; bulk, 1800 to 250-pound butch 5; bulk, OMAHA, Neb. May 3.—(United creamery extras 35e; firsts 30@34c.| foot. It is located between the Alberta Lem ack " 6 ad. d C. b sd Sena shar eees atari States Bureai of Markets.)\—Hogs— Loade ubes 32028; * and Van Duzen producers and is con-|receipta 13,000; mostly se to. 10c | ers, $9.75@9.90; top, $9 260 @22c. miscellancous 22% @23c; storage packed 25% @26c, storage packet firsts: 25 @25% pees Bond Books Closed. NEW: YORK, May 3.—Subscription books for the $25,000,000 30 year 5 per cent general and refunding mortagage bonds of the Pacific Telephone and ‘Telegraph company were closed today within s few minutes after the open- ing of business. The bords, which were offered at $4 to yield 5.40 per cent were underwritten by a syndicate headed. by J. P. Morgan arel company. Bee NOTICE FOR PUBLICATION State of Wyoming. County of Natrona, ss. To Mrs. A. M. Dalton: You are “hereby notified that a writ of at- tachment has been issued against you, and your property attached, to secure the demand of Harned Bros.. amounting to thirty-three and 50-100 dollars ($33.50). Now unless you shall appear before W. E. Tubbs, a justice of the peace, in and for said county, at his office, on the 27th day of May, 1922. at 10 o'clock in the forenoon, judg- ment will be rendered against you, and your property sold or appropri- ated for the debt. this 2nd day of May, HARNED BROS., Plaintiffs. Publish May 3, 13. 23. a Dai 1922. NOTICE OF DISSOLUTION OF CO-PARTNERSHIP To Whom It May Concern: Notice is hereby given that the co-parinership heretofore existing between Herman C. Smith and Ed- win D. Davis, in the business of shoe repairing, at 130 S. Fifth street, Casper, Wyoming, and known as “The gressive oe Shop” is hereby dissolved. Her- ‘The Spokahe Roundup company ex- pects to resume operations in their well, which is down about 1,450. feet in 9-11-25, in a couple of weeks. Some delay in getting casing has caused them to defer starting work, but they are now ready to begin making depth. The Round) Oil and Gas company to 325-pound butchers, packing grades, $8,50@9.25. Cattle—Receipts, steady to 15 heavy grade $8.50; she steady; bulls ; decline mostly on and strong; veals idle for almost two years was shot|/2mbs strong: spots 10c to 25e higher with 80 quarts of nitro, which dam- $9.60@9.75; 7,500; beef steers medium weights, fully stockers and is confident that their well will prove|feders Unchanged. little joust with the ivories. i @ commercial producer as soon as it|, Sheep — Receipts 9,001 spring] Moore declared the dice were loaded is cleaned out. This well after lying|#™bs steady; top, $16.50; clipped SAN FRANCISCO, May 3.—A debt’ contracted through “shooting the leo- pard cubes” or the well known gamo of African golf’ may be a moral, but ¢ertainly is not a legal, obligation, Justice of the Peace A. Barnett told A. Bercovich. Bercovich said that J. Moore owed him $50 as a result of a and everybedy shot sevens but him- + | self. | aged the casing somewhat, tearing ons joint loose. The hole also caved and this has made the work of remov- ing the casing more difficult. Oil has been flogring over the top of the hole with water in greater quantities than ever before. As soon as the hole can be cleaned it ts thought that from 25 to 50 barrels per can be pum: from this well. ed mt An effort ts also: betng male to se- cure the completion of the old High land Of] company well. This well was abandoned when the company got into legal and financial difficutties. The Pennsytvania and Western company has now acquired the Property and proposes finishing the well if hianed quired 80 acres adjoining the Highland property which they propose <rilling. | __ New Company in Wyoming. ‘The Wolverine Oil company, an eastern concern is preparing to active- ly enter the Wyoming field. aration for a development campaign which will be lannched this summer on. its Wyoming holdings the company is establishing state headquarters in Cas Per. A suite of offices in the Consoll- dated Royalty building has been se- ‘cured. The Wolverine company holds inter- ests in the Osage, Wyo., Osage, Okla, and Salt Creek fields. In addition it has many prospective holdings in vari- | ous fields in the southern part of the state. man C. Smith will in the future conduct the said business; that he assumes all outstanding indebted- ness against ‘the firm, and will col- lect all bills due. Dated this 17th day of March, 1922. HERMAN C. SMITH. EDWIN D. DAVIS. 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