Casper Daily Tribune Newspaper, May 4, 1922, Page 4

PACE FOUR MARKET GOSSIP AND FIELD NEWS) MIDWEST DIGS INTO ITS SURPLUS The annual report of the Midwet Refinery company, cov- ering the calendar year 1921 shows a falling off in revenue to the extent of making it necessary to take $1,801,818 from all surplus to meet dividend and other requirements. Dividends were paid durin, g the year to the amount of $4,368,567, the regular quarterly dividend of $1 per share having been paid @uring the entire GRAIN MARKET a IRREGULAR May Ontions Easily Influenced by Trading; Close Is Lower. CHICAGO, May 4.—Wheat declined today during the early ing@ some pressure to sell being oc casioned by downturns Liverpoo' yester talk was prices tday feurrent th }ing evened up quite rapidly through +deliveries and through rather free sell t opportune times. De y contract this morning of wheat were an a ther | nounced were receipts in }Chicago today 140 carloads of wheat. The opening whith ranged }trom % to lc lower with May $1.44 to 1$1.446% and July $1.284 $1.28 was lfollowed by materi: a dectine Later the May option became irreg vular and was easily influenced by any fouying or sellinfi, at one time rally ling to above yesterday's finish. Ex jmorters became free buyers of July wheat on the earl declines bat this Hatted to influence the market to any }great extent and the finish was with ja rather heavy undertone, with a ma jJority of the local element inclined to ‘Doar side. The colse was weak, jat a net loss of I%c to 2%c from y's finish with May $1.42% Ho-$1.42% and July $1.27 to $1.27%. Corn and oats were easier with rwheat. Corn started unchanged to bg to %c lower, July 68% to 68% and Rater showed a little setback all around There was a good demand for corn isn evidence, but the market moved within relatively narrow limits. Re ‘ports said that country offering» from \Jowa gradually were increasing as jepring work is making rapid progress. “The finish was weak with prices un- changed to %c. lower, with July 65%c tho 660. Oats-opencd %o lowerto ashade ad fyance, July 40% to 40%c and then brallied a trifle. A big decrease tn western stocks wot meat together with higher quota Monson hogs led to 2 sharpapturn in jthe value of provisions. Qlosing Quotations. Open. High. Low. Close. "WHEAT— oMay 44 145% 1.42% 142% July L2a% 128% 127 1.27 Bept. -._ 119% 1.20 118% 118% ‘cORN— 83 62% 62% 66% 65% 65% 37% 37% BT 40% AO% 40% 21.25 May . - 11.35 22.50 1130 11.45 July --1140 11.70 11.40 11.67 RIBs— Jaly 11.70 12.00 11.70 11.92 Bept. 11.80 11.90 11.80 11.85 10c and 25c © Continuous 1 to 11 P. M. LAST TIMES TODAY MACK SENNETT’S Greatest Comedy Production “Down on the Farm’ A glorious festival of tan- gles and thrills, with an all- star Sennett Comedy cast romping through his great- est of corn-fed comedy and milk-fed mirth. Your greatest chance to taste the joys and thrills of rural life without putting on overalls, 10c and 25c STARTING TOMORROW Rex Ingram’s “* Turn to the Cash declined from $5,264,541 at the end of 1920 to $631,638 one year later end there was a drop in inventories of approximately $3,187,000 ta the mc period, About $5,006,000 was edded to plants during the year. The balance sheet as of December 1921, compares as follows with for the preceding yea-, Current Assets: 20 4 5 631,638.39 $ 5.264,541.67 Consolidated Royalty 1.33 Capitol Pete ‘90 | Coastal Kinney Luck Royalty Lance Creek Preston Mike Henry Mountain and Gulf Northwest €be Casper Daily Critune New New York Stocks Associated Press Leased Wiro Cash $ Notes, DI cetvable —1,512,581.69 1,466,880.07 | 1’ ind. iver Reg. . Accounts Wrokene 2 Milinois Central... 10 recety- WyoTex . Inspiration Copper . » 41 able —_ 8,554,387.76 10,667,084.59 | Western Oil Ficids International Hervester 96% Refined Western States Int. Mer Marthe pea. 54% ~ International Paper 51% products oo Invinefble Of 107% on hand 4,447,248.53 — 7,453,820,60 Kelly Sprin; 52% Crude oil ; Kennecott 33% on hand_ 1,873,248.29 1,558,422.00| }, Louisville and Neshviile 118B Material Mexican Petroleum 132 and sup 5, Miami Copper . 29% plies -.. 4,055,26243 4,794,580.76 37| Middie States on ne ‘Total Marine 3 Mutual hod es &. O. Indiana assets $20,574,362.09 $21,205,229.¢9 Current Liabilities: Notes pay- able -~.$ 3,100,000.00. ¢. Accounts payagie — 4,290,004.81 6,862,747.71 ‘Total current Mabilt- ties ~$ 7,390,004.84 $ 6,862,747.71 Deferred charges . 284,388.96 Permanent Assets: Of! iands, leases and con- tracts ~.$35,341,755.68 $25,008,188.46 Less reserve for de- pletion 385,629.58 ~ 13,869,613-51 13,248,247.36 $11,472,142.17 $12,758,936.10 Field and refinery construc- tion —~--$42,027,565,18 $31,857,067.87 Less reserve for depre- — 11,425,363.06 6,455,243.87 $80,601,702.07-$25,401,826.00 com- panies ——$ 8,229,957-12 $ 7,769,522.31 Miscellaneous securities Capital stock —~-$31,204,050.00-$31,204,050.00 Reserve for 8,626.25 5,332.00 taxes accrued 42I 47630 3/893,037.61 Surplus —— S3155,65752 3$3,957,475.82 ‘Total assets. $71,171188.66 $7T,496,575-68 Iown-Wyoming Mecting. ‘The annual meeting of the Iowa- Wyoming Oil company will be held at Ida Grove, Iowa, June 12, according to notices which are being sent out from the company’s offices here. Business which is scheduled to come before the meeting incIndes a plan to decrease the board of directors from 11 to five or seven members to more centralize the management of the com- pany. A proposal has also been made requesting that the headquarters of he company be changed from the Iowa city to Los Angeles. In comnection with the call for the annual meeting a financial statement prepared by Spears and Chapman, ao- countaints is being sent to the stock holders. The assets of the-corporation less a reserva for depreciation amounting to $11,858.37 is fired at $3,165,789.17. The total Mabilities of the company are fixed at $181,526.71 leaving an excess of assets amounting to $2,984,262.46. This is represented mainly by 3,045,100 shares outstanding. The company is capitalized Yor $5,000,000 leaving 1,- 900 shares !n the treasury Dancing The Coolest Right” lewecvesevesvcceeseceses Cities Service Com .. 235.00 Stcond 4\%s Third 44s - Fourth 4%s Victory 4%5 weeceees 100.45 Crude Market we eee ene nneeeeeee 140 woe 140 nwcees ce cccevere 1.35 Quotations. May 4 — (United States Bureau of Markets.)}—Hogs re- Omaha OMAHA, Neb., ceipts, 8,000; active; 15@25e higher; ‘bulk 180 to 250-pound butchers $10.05 @10.20; top, pound butchers $9.85@10.05; packing grades $3.75@9.50. Cattle receipts 8,000; beef steers! slow; 10@26c lower; heavy grades off most; top light steers $8.50; she stock und bulls steady; veals ‘strong to 25- higher; stockers and feeders un- changed. Sheep recefpts 6,000; lambs-steady to strong; California spring lambs! $16.50; wooled lambs $15.75; best clipped lambs $14.60; sheep strong; ‘clipped ewes $8.75; feeder spring, Mambs $13.25. Chicago Prices. CHICAGO, May 4.—{United States Bureau of Markets)—Cattle recetpts | $13,000; active; beef steers she stock, | calves, stockers, steady; top year- lings $9.25; bulk beet steers of quality sell at $7.50 @ $8.50; bulls weak te lower; packers bidding $8.00 to $8.50 for desirable vealers; outsiders paid upward to $9.25. | Hogs receipts $26,000; fairly active, mostly 15c to 200 higher than Wednes- day's average; dig packers holding back. Top $10.65; bulk $10.00 @ $10.60; pigs strong to 15c higher; bulk $10.00 to $10.50; packing sows 15c to 2b higher. | Sheep recetpts $10,000; destrable higher and medium weight firm lambs ‘opening steady; others and sheep slow to lower; early top shorn lambs )| Norfolk and’ Westorn Nortnern Pacific People’s Gas . Pure Oil ... United States Steel . Titah Copper Westinghouse Hlectric Willys Overland American Zinc, Lead Putte and Superior -...-.-.-s steers, $6.50@8; $10.25; bulk 260@325-| $4.75: cal and Sm. . cows and heifers, $8@11.50; bulls, OILSINACTINE DEMAND AGAIN Closing Irregular After Up- ward Trend on New York Exchange. NEW YORK, May 4-—Oils, rafis and tractions represented the stronger side of today’s active stock market. Steels, equipments and motors gave way to further selling. Sales ap- proximately 1,375,000 shares. Domestic offs and some of tho tn- ‘vestment rafls were stronger tn the late dealings but the general lst re- versed its course on more extensive realizing. The closing was irregular, NEW YORK, May 4.—Profit taking in some of the ofls which featured yes- terday’s rise caused moderate unset tlement of prices at the opening of to. @ay’s stock market. Standard Of] of California eased 1% points and the New Jersey issue reacted fractionally. On the other hand, Mexican oils which id not participate In yesterday's move- ment were firm, as were also Cosden, Houston and Producers and Refiners. Secondary motors extended their re- cent gains, Mack Trucks points. Mercantile Marine Ppreferred,| American Woolen and Brooklyn Rapid Transit were higher by fractions to ono! point. Rails reflected moderate pres- sure, especially Chicago and Eastern Liljrois common and preferred. Realizing sales among yesterday's strongest features became more gener- al during the first hour. Leading do- mestic and foreign oils extended early losses and popular motors and inde- pendent steels lost 1 to 1% points. Lo- cal tractions assumed of the market for a time on publication of latest readjustment plans of the transit of the commission. Interbor- ough Consolidated preferred was heavy but Brooklyn Rapid Transit increased its gains to 4 points, and Third avenue rose 1% points. Before noon oils again became the outstanding feature especially Standard Oil of New Jersey and Pacific Oil, both making new high records. Call money opened at 4% Per cent. Repurchases of stocks soki for the short account in the general list be- came large following excited buying of the investment oll shares. Low priced members of the groups were also in favor and the entire market took on @ tone of greater confidence General Asphalt common and pref- erred, Standard Of] of New Jersey, Houston Oil and .Pacific Of was marked up to 2 to 3 points. American ‘Woolen, Laclede Gas, Canadian Pa- cific, Texas and Pacific an@ Rock Ie- $3@4.50; stockers and feeders, $6@ 7.60. Hogs — Receipts 3,200; market steady; 10¢ higher; top, $9.90; bulk, $9.50@9.80, Sheep -- Recetpts 4,700; _ market 5 ; larabs, $14.25@15.50; ewes, $7.5009. FRIDAY and SATURDAY Jackie Coogan in In “My Boy” AMERICA A Bishop-Cass Theater LAST TIMES TODAY CECIL B. De MILLE’S “Saturday Night” PATHE NEWS Continnous 1 to 11 Admission 40c. $14.85; wooled $16.40; some held higher; best handy shorn ewes $9. hheavies neglected; some bids below $7.00. Denver Prices, DENVER, Colo, May 4—Cattle— XE The Tongues of Your Shoes'Could Talk— They’d Say ARKEON CASPER’S.JOY PALACE The-Place Where You Can’t Help but Have a GOOD TIME Place in Town. The Liveliest Place in Town. FOLLOW THE CROWD TO The Arkeon Dancing Academy Receipts 3,501 VAUDEVILLE LAST TIMES TODAY GENE FINNERAN “The Dancing Laddie” Yosemite Valley. —Also— “TOPICS OF THE DAY” ‘Two Shows Each Evening, 7 and 9—Admission 55c “THE CAVE GIRL” A Drama of Youth Gone Wild A romance of silent trails and rushing waters— enacted in mid-winter in the natural worders of the A Bishop-Cass Theater THURSDAY, MAY 4, 1922. soos ies" “ ERUDE OIL PRODUCTION SHOWS INCREASE FOR THE LAST WEEK BEES Tana YORK, May 5—Copper firm; Pre Bat im Fn 13; later, 13@13%. Tin steady: spot and near- by 30.87. futures 31.00. Iron steady; ema bios Lead steady: spot, 5.25@ Sg pon Hegre ack | ae es 5.00@5.; Antimony, spot 5.25. NEW YORK, "4—Canl_ money virm; high 4%; low 4; ruling rate 4%; ctosing bid 3%; offered at 4; last Ioan | ; call loans .against acceptances 4.| Time loans easier; 60 days 4%; 90/ days 4@4%; six months 4%; prime mercantile paper 4% @4%. Exctange Steady. in, demand $4.43%; .40; 60 day bills on banks| $4.41%; France, demand $9. dec nd % land, demand $3¢ cables $38.33; Norway, demand $18.50; Sweden, demand $25.85; Denmark, de- jana $21.20; Switzerland, demand} 9.29;; Spain, demand $15.52; rises demand $4.50" Poland, deman’4 02%: Czecho-Slovakia, demand 2.03, Argen- tine, demand $36.37; Brazil, demand $13.75; Montreal, 98%. ing to the weekly summary stitute. Oklahoma-Kansas showed a daily ayerage gross production of 456,350 barrels, an increase of 10,650 barrels; north Texas had an increase of 50 barrels; central Texas a decrense of $50 barrels; north Lovisiana an in- crease of 900 barrels and Arkansas a In Okla 94,560 barrels, and output of the *|LyonsQuinn pool was 48,006 botzels ‘ainst 43,350 barrels and El Dcrado, Ari., 35,950 barrels against 38,250 barrels. In the gulf coast field, West Columt#a was reported at 33,800 bar- rels, against 35,500 barrels, and Silver. NEW YORK, May 4.—Foreign bar silver ester Mexican dollars 53%c. 4.—The daily average gross crude oil nited States increased 14,950 barrels, totalling 1,411,700 barrels for the week ended April 29, co: pared with 1 ,396,750 barrels for the preceding of the American wreck, ace Orange county, 20,500 barrels agains: 20,000 barrela, According to figures collected by the American Petrcleum Institute, the imports ef petroleum (crude and refined olls) at the principal United States potts ‘for the week s8Get Abra | Nation ‘was 96,100 barrels against | “5° CHICAGO, May 4.—Butter lower creamery extras 34%c; first 29@33%c seconds 25@28c; standards 33%c. Eggs higher; receipts 28,407 casce firsts 24@24%c; ordinary firsts 21%@ 22c. miscellaneous 23@23%4c; storagy packed extras 26%c; storage packed firsts 25% @24%c. ARCOLA PROY “Be Happy” BABE DUBOISE “Mamma Whip” ' “CASPER’S FAMILY THEATER” LAST TIMES TODAY “The Isle of Smiles” Produced by Harris & Proy | PRESENTED BY OLLIE BLANCHARD’S A-B-C GIRLS VAUDEVILLE | DOROTHY SIEVER | “Coming Back” 7 | “MARIE JEFFRIES Ween GIFT NIGHT PROGRAM TONIGHT West Fir::, Just Off Center Poultry alive, un: THE SAILOR TRIO “Three Song Birds” HAZEL AUSTINE “Cuddle Up” Shows at 7 and. 9 MAN HARRY CAREY to MAN FIRST SHOWING IN CASPER HUB THEATRE Continuous 1 to 10:30 FOUR DAYS---TODAY, FRIDAY, SATURDAY, SUNDAY Directed by STUART PATON from the Famous Novel by JACKSON GREGORY A UNIVERSAL-JEWEL PRODUCTION FOR THE Stampede! You will want to jump out of the way when you see that mad stampede bearing down upon you— thousands of fire-crazed steers, rushing, careening right into the lens of the camera! And a man and a girl, apparently hope- lessly caught in the thick of their wild onrush! A thrill? Such a one as you never saw before. YOU WILL WANT TO JUMP OUT OF YOUR SEAT! A Wester: su tion with ia superb cast in- cluding Lillian Rich, Har- old Goodwin and Alfred Allen. we