Casper Daily Tribune Newspaper, May 5, 1922, Page 12

PAGE TWELVE MARKET GOSSIP AND FIELD NEWS GALT GREEK HAS ACTIVE MONTH Salt Creek, with aggregate new production of 8,800 bar- rels a day from 18 new wells, upheld Wyoming’s end of de-| Capito! velopment work in the oil fields during April despite storms which made roads impassable and subjected testis in other districts to long delay. were reported in Wyoming, three of them dry, with total STRIKE SLUMP which two were dry, and which con- tributed an aggregate of only 7,925 crease in new work. The summary by fields of completions, production, rigs} standing and drilling follows. Wyoming. ; Pre RS D 8,800 110 109) *e 12 = 19 3torage, Crop and Shipping 10006028 Reports Contribute to fm es és ee rs = jrass Creek, Heavy Market. waerene ete ake. '§ CHICAGO, May 5.—Announcement| Bi Horn county— 3 200 8 Lost Soldier, and that measures were being taken to = os 7 Carbon county — 1 0 2 BT] provide temporary emergency storage z Rock River and | facilities on railroad tracks here led Medicine Bow 1 ° 16 50 to downturns in the price of wheat] ._ tg oie tee today during the early trading. Scat Py Ps oP tered selling of May took place and] - 9 “ 26 found support lacking. A decline in = Saas! quotations at Liverpool, ascribed to an ; = test increase of the Argentine exportable > oa. xsi surplus, counted also.as @ bearish fac: tor. Deliveries of wheat here thi 230 464! morning on May contracts were 172,- 000 bushels, and there were receipts here of 125 carloads of wheat. The opening which varied from unchanged figures to jc lower with May $1.42 to $1.42% and July $1.26% to $1.26% was followed by a siight rally and then material drop all around. Subsequently, the market was af- fected by favorable crop advices from the southwest, and by reports that a ingle clovator company at Kansas City was Joading ont 700,000 busieis of wheat for Chicago, and that Omaha was sending 600,000 bushels. On the ‘other hand, veasels started loading 200,000 bushels of wheat here for the east. Tho close was heavy, 1% to 3% net lower, with May $1.29% to $1.29% and July'$1.24% to $1.25. Corn and oats were easier with wheat. Corn started unchanged to 4c lower, July 65% to 65%c and later underwent a stight general setback. Country offerings of corn to arrive ‘were somewhat larger and field work Pathfinder Of Co., Douglas, Wyo. all of 36-34-76. was reported as making excellént} Oliver Chambers, R progress. The close was weak, %@| Wyo. all of 36-17-1032 %e to 14%@1%c net lower, with July| Butler ‘Wheatland, CURc to 4% Otse. Oats after opening unchanged to %c lower, July 40%c held fairly steady at about the initial range. Higher quotations on hogs helped to strengthen the provisions market. Gesing Quotations, Wyo. all of 16-26-98. Lwestock Mart | During the month 46 completions | Demino - barrels. The month witnessed an a Royalty ..- Pure Ci ...----- = Fourth 4s Ray Consolidated Copper ~ .| Victory 4%5 +++ 100.46) Reading -. Grass Creek .+-2--~-+0+ee+e-+e- $1.90 Springs, a Creek Open. High. Low. Close, Chicago Prices. WHEAT— CHICAGO, May 5.—(United States May ---_142 1.42% 1.39% 1.39% | Bureau of Markets)—Cattle receipts July -——- 1.26% 126% 1.24% 124% 8,600; fairty active quality plain; gen- Sept. —— 1.18% 118% 117% 1.17% CcOoRN— erally steady 42 all classes except veal calves which are 25c higher; bulk beef May 62% 62% 61% 61%] steers $7.60@8.40; bulk veal calves July 65% 66 64% .64%|$8.00@8.75; to packers. few up to OaTS— $9.00. shippers paid $9.25.and above on May 37% 38K BTH. «ETH | Handy weight July AO% 40% 40.40 Hogs receipts 17,000; active light) SS 5 to 100 higher; medium and heavy May 125 [butchers strong to 10c higher; top LARD— $10.70. bulk $10.10@10.65; packing July ---_I075 1075 11.50 11.60 | 90" strong; pigs strong to 10c high- Sept -___T187 1197 11.75 1182 | 6 mostly $10.25@20.50. RIBS— Sheep receipts 6,000; few loads good Jaty —_____. m1.67 11.60 1167 | handy shorn lambs steady; early top Sept, 11.70 11.55 11,70 | $14.75; others dull. sheep sharply low- P er; good heavy shorn ewes $6.00; some Butter, Eggs, Poultry. bid lower; good handy shorn ewes CHICAGO, ‘May §. — Butter un-| $#.9% changed. Eggs steady; receipts 38,- ae | Denver Prices. DENVER, Colo., May 5.— Cattle receipts, 500; market strong; beef steers $6.50@8; cows and heifers, $4.75@T.50; calves, $8.50@11.50; bulls, $3@4.50; stockers and feeders $6@7-50. Hogs receipts 500; market 10@20c igher; top $10; bulk $9.85@10. Sheep receipts 1,000; market strong; | Tambs $14.25@15.50; ewes $7.50@9. 100; firsts 24@24%4c; ordinary firsts, 21%@22c; miscellaneous 23@2314c; storage packed extras 26@26%¢; stor- age packed firsts 25% @25%c. Poultry alive lower; follows” 25c; broilers 38%4450; roosters 15c. eee CONGRESS MA FIX OIL oaLES Disposition of Teapot Produc- tion Up to Legislators, Says Denby. | OMAHA, Neb. May 5,—(United States Bureau of Markets —Hogs— Recetpts 7,500; active; 10c to 5c higher; bulk, 180 to 250-pound butch- ers $10.20@10.30;, top $10.25; bulk, 260 \to 350-pound butchers, $10@10.15; packing grades, 25e up, $9@9.75. Cattle—Receipts 1,700; beef steers ‘steady to strong; yearlings, $8.50; heavies, $8.40; other classes of stock generally steady, Pheep—Recelpts 6,000; lambs, most- ly 26c@50c lower; Californta spring lambs, $16; ono sale lambs, $14.75; pra sheep and feeders, —_ BRITISH POUND UP IN MARKET NEW YORE, May 6—Fxchange Fates In London today rose to $4.44% for demand bills, the highest price since 1919. The strength was attrib- WASHINGTON, May 5. — Disposi- tion of o'l received hy the government umder leases entered into with private concerns tn the Califomta and Wyo-| ming reserves will be subject to ac-} tion by congress, Secretary Denby told the senate appropriation committee during testimony on the naval supply pm. “We do not feel at Mberty to use this without the approval of con gress.” sald Mr. Denby. He had re- iterated that the object of the leases was the development of a war emer- gency supply of oll. "The policy of the navy depart ment,” said Mr. Denby, “is to get a certain amount of of! regarded as su ficlent'for an emergency war reserve. ‘We are acting now perfectly legally as the law exists. The department @ves not intend to nullify the will of |2nd in London to meet cotton and grain payments. of let 5 Stx heads ttuce for 2h He said tho leases also were Weish's. Phone 1705 and 304. 55-it uted to extensive buying of bills hero be Casper Dally Cribune e New York Stocks Associated Press Leased Wire | | | Back eeasnesnee Blackstone Salt Greek |Chappell -..__. | Cqlumbine Consolidated Royalty. Pete [Coastal | Compass |Cow Gul ich 2. az | Atchison, ex div. .. AtL, Gulf and West Indics . Baldwin Locomotive Baltimore and Ohio Bethlehem Steel “B’ | Canadian Pacific Central Leather 117% | 47% Lance Creek Royalty ” n _— sasats! - So ha Chandler Motors . 2 : - ‘Chesapeake and Ohi Mountain and@ Gulf.. .99 Chicago, Mi. and St. Northwest. - 28 Chicago, R. I. and Pac. . a= eee . = ‘Chino Copper - . 2 Colorado Fuel and ‘Iron -22. Five Tribes Pet. Co... 50 Corn Products Prearay .... et : Ss be eae 3, Crucible Steel arene, \Erie .. ue ooeee Famous Players Lasky —~.... Asphalt Electric y & Producers. United Wyo-Kans Wyo-Tex Western Oil Western Y ou Marine pid. national Paper . Invincible Oil ...... Kelly Springfield Tire . Mountain Producers . erritt Kennecott Copper Glenrock Oi Louisville and Nashv! alt Creek Pris. Mexican Petrol Miami Copper . Middie States Midvale Steel issourt Pacific It Creek Cons. and Refrs. 2] M Ne Oklahoma Prod and Ref. - PROFT-TAKNG. = NIL ISSUES ! market today reacted occasionally to "0t ordinarily very active, featured {further profit-iaking and short sell. the later dealings. Purchases were japproximately 1,100,000 shares. |of New Jersey and California occur- Sentiment. Maxwell and Pierce-Ar- %s/ per cent. The closing was irregular, | were bid up 1 to 3 points. ;ther heaviness during the first hour,| ences 3 Market Reacts to Rapid Ad- vances of Recent Days and Prices Weaken. Growing speculative operations for NEW YORK May 5—The stock’ the long account, largely in shares ing. Oils proved most vulnerable, es-'2/S0 on a Jarge scale in some of the pecially the high priced issues. Sales Tecognized leaders, especially Stude- |baker. Lower money rates and high- Selling of of's led by Standard On ¢F sterling contributed to favorable red in the final hour but this was TOW Motors, Electric Storage Battery, neutralized by purchises of high- Postum Cereal, LoriMard, Manhattan, grade rails, Call money eased to 3% Consolidated Gas and Columbia Gas | NEW YORK, May 5. — Further strength of offs, especially the do- mestic division and the heaviness of shipping accounted for the irregular tone of the stock market at the open- ing of today’s session. Houston Ot! Tose eimost 2? points in the first few transactions but a Foreign Exchange Firm. NEW YORK. May 5.—Great Bri- tain 4.44%; cables, 4.44%; 60-day bills on banks 442%. France demand was balanced by a etmilar dectine in| Sweden deman D the California issue. Mercantile Ma- sgt - meg yprilien, rine common and preferred were Spat © under pressure as a result of offi-|jscwg aes; pent ph re ne CS ay trend eTaS* | Czecho-Slovakla demand 2.02; Argen- Prospects of early dividend resump- man 4 tion. May Department Stores reacted eee corn cate ey eee 4% on the failure of the directors to| “* es @eclare more than the regular com- : mon dividends. Local utilities again were strong. Brooklyn Rapid Transit} NEW YORK, May 5.—Call money and Consolidated Gas making one; easier; high 4%; low 3%; ruling rate point gains. 4%; closing bid 3; offered at 3%; last ‘The desire to take profits caused fur-|1oan 3%; call loans against accept- timo loans firmer; 60 days trading for that period being relative-| 4% @4%; 90 days 4% @4%4; stx months ly light. Before noon, however, prices] 4% @4%; prime mercantile paper 4% rallied, hich grade olls, the shippings @4%. Money. Pacific Oll ........--------. Pan American Petroleum Pennsyivania - People’s Gas -. Rep. Iron and Steel . Kuyal Dutch, N. ¥. . Sears Roebuck Sinclair Con Of . Southern Pacific . Southern Railway . Standard Oil of N. J. .. Studebaker Corporation Tennesse Copper ‘Texas Co. Texas and Pacific --.--- Tebacco Products ... Crude Market Elk Basin ....-.. Big Muddy CARLSON STRIKE. REPORT DENIED Petroleum ...- n Power .. Shattuck Arizona . Great Northern Ore . podoieas tes WEW YORK, May _ 5.—Copper firm; electrolytic, spot and nearby 13; later 13@13%. Tin easier; espot and nearby 30.62; futures 30.75. Iron steady; prices unchanged, Lead firm; spot 6.25@5.50, Zine quiet; Bast St. Louis delivery, spot 5,05@5.15. Anti- mony, spot 5.25. Contrary to reports being circulate- ed this morning there has been no oil strike in the hole on the Carlson ranch, on Section 27-33-79, being drill- ed by the Natrona Oil and Gas com- pany. ‘The hole 1s down to about 1,500 fect and the bit has been penetrating a hard formation for about 60 feet, be aes Ueved to be the Benton shale. This London Silver. beteal formation has carried excellent show-] LONDON, May 5.—Bar silver, 36%4d/ ings of oll and conélderable gas all per.ounce. Money, 1% per cent, Dis- the way through. The gas flow was|count rates, short and three months so strong a few days ago that the}bills, 2 5-16@2% per cent. drillers lit it and it burned for some| time. | Silver. ES: ‘The first sand, belleved to be the} NEW YORK, May 5—! first Wall Creek sand was encounter-| Silver 70%c; Mexican dollars 53%4c. ‘ed at about 1,000 feet. This sand car- ried a small flow of water, which was! cased off.| e drillers believe that as soon as they are through the Ben. ton shale they will encounter the sec- ond Wall Creek, which indications lead them to believe will be oil bear- Nickel heads of lettuce. Weish’s. Phone 1705 and 304. 5-5-1t “WE PAY THE LOSS” Pelton & Hemry |! ing. The hole was started with an 8-Inch bit, and is being finished with a Insurance and Bonds 41nch. The hole is in excellent shape All Lines and unless water is encountered can | Room 24, Townsend Building be carried to 2,000 feet ‘ PIPE SET WITH ~ THE SWAN UNDERREAMER NEVER LEAKS The SWAN, built with fts body extending far enough below the cutters to act as a guide thus as- suring a perfectly straight hole, also leaves no knots or lumps on the walls. It also leaves a smooth, level shoulder to set pipe on. Pipe set with a SWAN doing the under- reaming never leaks, when the {ool is handled according to in- structions, prompted by danger of loss of of!| oo from the naval reserves by drainage| Good bargains in used from adjacent private wells. Vem Sant. Assistant Secretary Roosevelt testi- fied that for the next two years at least, ofl taken under the private Jeases ought to be conserved for the proposed war emergency reserve. He added there might later be ® surplus for current fleet operations. Secretary Denby urged the commit- tee to increase from $16,000,00 to $20,- 000,000 for navy fuel for 1923. The house eppropriations of $16,000,000, he ~ - said, were on the basis of a navy per- | Surveying and Locations sonnel of 67,000 men which now has || Geologists Oil been raised to 86,000 men. og) =| Oil Field Maps, ts partment's plan of operation, he said, WYOMING MAP AND called for safling of each batfieshin, BI 16,500 miles in 1923 with other ships LUE PRINT CO. in preparation This was deemed nec- P. ©. Box 325 essary, he said, to keep fhe navy on} Room 10, Daly Bldg. ~en efficient basts. RN. 55-1t HAY, GRAIN, FEED, SALT Casper Storage Co. 313 W. Midwest Ave. The cutters of the SWAN are con- nected with a steel cross bar which absolutely prevents them from being lost in the hole. Thus the SWAN can cause no fishing jobs. THE BRIDGEPORT MACHINE COMPANY General Offices and Sheps, Augusta, Kansas, Underreamer Factory, Marietta, Ohio. BRANCH STORES Tuisa, Kaw, Fort Worth, Rangor, Breckenridge, Rising Star, El Dorado, renee, South Bend, Texas, Shidler, ‘4th Floor 0-S Bldg. | GARBUTT, WEIDNER & The Anna Bell Wyoming Oil Company to Resume Operation. For the benefit of all concerned as well as to those who wish to become MEMBERS, we wish to state that we have decided to continue the sale of MEMBER- SHIPS up to seven hundred—we have yet one hun- dred for sale. W. E. Patton, president of the com- pany, is leaving Casper on May 6th for the field with men and supplies, and the well will be pushed to com- pletion. We also wish to notify all persons holding places with our company, which are not fully paid, are requested to come forward and make satisiactury arrangements at once. Anna Bell Wyoming Oil Co. Room 220, Midwest Bldg. Casper, Wyo. e ° AUDITORS ple Ale Pardesi Ne ay REIMERTH & VAN DENBERG Tax Service Accounfants—Income = T67 ACCOUNTANTS — GUARANTEE REGISTRY CORP. Auditors and Accountant ik Registrar and Tranfer Agents 208-11 Oil Exchange Bldg. Phone 660 ———————————— WYOMING AUDIT COMPANY 414-15 Midwest Ref. Bldg. Phone Audits, Financial Keports and Analyses, Income Tax Service and General Accounting ARCHITECTS DUBOIS & GOODRICH, Architects Rooms 11-12 Townsend Block Casper, Wyo. Phone 440 CLEANING AND PRESSING First Class Work Get Our Prices Call 1263 DOCTORS MARSHALL C. KEITH, M. D. Office Phone 30 Residence Private Let Us Estimate Your Work HOUSE MOVERS WILLIAM NIED! 1107 South Melrose NICHOLS & STIRRETT Lawyers 309-10-11 Oil Exchange Bldg. ~ HAGENS & MURANE Lawyers 296207 Of1 Txchange Building BULLAC:; AND LACY Architects 415 Oil Exchange Bildg. Phone 1162 AWNINGS Kistler Tent and Awning Co. 747 South Lincoln St. Phone BAGGAGE and TRANSFER SEE BEN TEANSFEE 00. BacEace, Oring, Phone 743. re KAPID TRANSFER. Moving and 5 If it's ‘Movable We Move it. Phone 1427. pai SEARLES TRANSFER 510 South Park Res, Phone 87W Office Phone 701W BUILDING MATERIAL METAL WEATHER STRIPS A. Larson. Phone 4943 CHIROPRACTORS DE. J. H. JEFFREX DE. ANNA GRAHAM JEFFREY Suite 318 Midwest Bldg. Phone 706 Suite 2, Townsend Block Phones. Office 423, Res. 1235 M. E. HARNED, Chiropractor 162 North Kimball St. Phone 1457 DR. C. I. ARNOLDUS Osteopathic and pan Physician 310 0-S Building Phone 1754 DR. L_E. BEKQUIST Zattermeister Bldg. Phone 1 CONTRACTORS ROOF CONTRACTING | j | WYOMING ROOFIN General Roofing Contractors, Repatr:| ing and Kecoating a ty | 527 East Twifth eam TAILORS E C. H. WHALE Ladies’ and Gents’ Tailoring, Cleanin= 3. C. MOUNTS, Builder | Pressing. ring and Alterations. | Work Phone 179231116 E. Midwest Av Phone 4834} PLDLLSOPSS-95-09 5952S S6EODGSSOSSOFOOO FOL LOO IOE4OS090OO FRIDAY, MAY 5, 1922. DID YOU GET YOUR SWEET-ORR KHAKI FREE 3 In Order to REDUCE OUR LARGE STOCK OR CLOTHING We Are Going to Make the Most Liberal Offering Ever Attempted in Wyoming We Are Going to Sell Youa Suit of Clothes At $4 4:9 TO $3500 And With Each Suit Purchased We Are Going to Give Away Free, a Sweet-Orr Khaki Suit Value $8.50 There are no restrictions. It makes no difference whether you pay $14.95 or $35.00 for your Suit. You receive a Khaki Suit FREE. The Sweet-Orr Manu- facturing Company has been making Khaki Suits for years and has built up an enviable reputation on the merits of their product. Khaki Suits are most desir- able for the professional man, the autoist, the banker or tradesman, Just the thing for summer wear. Every Suit in the house is included in this sale. We carry only high grade Cloth- ing, such as Society Brand, Snugset, Grif- fon and Monroe Clothes. We carry a complete boys’ de- partment. We can save you many dollars on your boy’s clothing. 2) race 260-So. Center St., Casper, Wyo. The Home of Ralston Shoes