Casper Daily Tribune Newspaper, May 25, 1922, Page 6

AMAR Mem aT SIS MO EL a New York Stocks Associated Press Leased Wire i ee ee Che Casper Daily Cr‘bune OILS SOLD OFF IN STOGK MART THURSDAY, MAY 25, 1922. standing notes. In teth instances, the equipment trust investor has @ mort gage on the property represented, which property is protected against Jess from fire or accident by ; ance. This ts considered to be LAST SALES LOCAL OIL STOCKS, desirable form of imvertment Chemical & Dy -. 71% | Bessemer 33 | owner has a movable asset which, Ml Chalmers rf — |the rafirosd fails to maintain oan [ J American Beet Sugar .. = American Can bas i ; ti American Car & Foundry ..... a STANDARD BONDS SHORT COURSE INDS—; American Hide & eres pia’. 23 |Many Prominent Issues Under} s.eusaaa Bid mr 9g lement of litigation peer a large area of land in | Americin International Corp re on New York = |Angie-Am. Ou, Ths, 1925 103% 103% eacxapbarealeegg ira{are secured senerally ~ by the Sweetgrass arch field of Toole county, Montana, near | American Smelting & Refs Exchange. Peg Be RE EC) rg Aap aller aie nary RM ern reny A ih aaa the Canadian border, has been greeted by plans for re- American 75% — ae Bal. & Ohia’ 6s, 1929 y one government and payable|®™4 art issued in amounts consid- newed activit L. C. Stevenson and Gordon Campbell, | {msrics! 36. | Consolidated Royalty. vee s [Bel. Gov., 6s, 1325 exchange of enother govern-|¢rably lower than the value of. the é merican 123% | Sopicol ‘Pees = NEW YORK, May 25.—High-grade! Bel. Gov. 8. F.. 7's, “* real estate and improvements placed = | parties to the li ization which threatened to tie up drilling | American —s raila and popular stecls and oils were| Bel. Gov. S. F_. $s, 1941 Sotieaeiety Sas thelr we? lchereon. if the termingl peapecty. ia ; for a long period of time, have signed a contract dismissing |4™ under constant selling pressure in the | British, ists. pete bes eo te me! gecstion.ts wtilieed ber saeng Stat ono : some seven suits. Five other suits bey Aatchinon eer rte” 54% | Elkhorn _ course of today’s uneven stock mar- Pee are the Japanese government 4}Foad, it ts customary for each of the tween other parties are still pending! ati and West Indies ra ket operations. Sales approximated 2 ies aan cent loane of 1931 and 1925/fcads #0 using to guaranty both joint- in court at Shelby. Pal Jocomouve 3 livants 1,003,000 shares, respectively, which are payable at the!!¥ Or severally or in pror.ca such a Announcement Buying of low priced raiis, especial bond issue. Examples c. this are the =| WHEAT DEMAND pany Pitalized at $500,000, was one|Gentral Leather of the developments following ad-! Chandler Motors , | justment of differences. Directors in-| Chesapeake and Ohio . clude Gordon Campbell, Harry L. Wii-| Chicago, Mil, and St. Paul . Fi son of Billings, ex-Congressman Thom | Chicago, RI. and F a as Stout of Lewistown, M. F. Smeitz|Chino Copper . — and L. P. Jackson of Roundup. pera <= Fuel and in iro Eg e * A test of the Gordon Campbell-Lev-| Gry | May Slumps, anes Re FONCTS lin ayndicate well near Kevin is ex and Closing n pected at an early date, this action and further drilling having been de Today. May big operations i an end. and t (Where 11,000 of the organization the Gordon Campbell Royalties com: ayed whilo the property was tied up in the courts. A second well started by this syndicate. ‘tlement should be a pronounced increase development of the district.” LC interested in a test of Fort Benton in Cyateau acres of leases are wheat were hanges of a month-end squeeze © shorts having been thus greatly re duced the be t had been given a De liveries here on May contracts this morning totalled 000 bushels, and here af 325 there were fresh receipts carloads. The opening which range © lower with May $1.30 J 1.22 to $ * Towed by successive breaks that c ried May down to $1.28 and 31.20%. ‘The market later descended another half cent, May touching 1.27%, but then profit taking on the part of bear speculators led to moderate rallies. A steadying influence was the fact that the Liverpool market had failed to foNow declines on this side of the At- lantic, Tho close was unsettled % to 4%c net lower with May $1.28 $1.28% and July $1.21% to $1.21% Corn and oats went down grade in line with wheat. After opening shade to %c lower, Juty 63% to 63c the corn market continued to sag. Smaliness of offerings to market. The close was steady at a shade net lower to %ec advance with July 63c to 63%c. Onts started %e lower to te ad vance, July 38% to 38% and then suf- fered a moderate general setback. Tigher quotations on hogs gave firmness to provision values. cor Closing Quotattons. CHICAGO, May 25.— Open. High. Low. Close. 36% 38% 39% Butter, Eggs, Poultry. CHICAGO, May 25.—Butter lower, creamery extras 34c; firsts 31@33%c; seconds 29@ 30c andards 24 Eggs unchanged. receipts 25,002 cases. Poultry alive lower; fowls 25c; broil: ers 40@50c; roosters 14c. ee’ Meta! NEW YORK, May 25.—Copper firm; electrolytic spot and futures 1 BON Tin firmer; tures $31.12. Iron steady; prices un- changed. Lead firm; spot $5.50@5.85. Zine firm; E Louis spot and nearby d spot $5.37@ Alcohol was first distiMed by the Arabians, and when we talk about cof fee and alcohol we are using Arab- jan words. —— CARD OF THA: We wish to thank G and the boy Slade and t ha and also ary and friends of Casper and Glen rock for their kindness and the beau- sard for the and of our father, N Weich Ww 1 spot and fu-) in a single dioc Absaroka well No. is being means Ilinots * said Camp “Within the next 60 days there in Stevenson of Great Falls re ports that California capital has been| jr. to be made this) Louisville and Nashvi year of the Vimy Ridge structure west| Mexican county. hela | 3 has been! ¥ spudded in north of Ingomar with a| x to 4) Norfolk and Western et 22-inch hole to permit. drilling depth of 4,000 fect if necessary to make a thorough test of its proper ties Homesteake Forms Subsidiary. ‘The Hardrock Oil company formed at Great Falls, Mont., velop secured by the Home stake Oli company in the Salt Creek| Rep. Iron and field. It is a subsidiary concern and| will be capitalized for $500,000. Standard Extends Holdings. has been 5 to de-| Ray Consolidated Copper Tho Standard Oil company of Cali fornia, which maintains the Beauvais creek fleld of the Crow} Texas and Pacific Indian reservation in Montana by pur-|Tobacco Products . arrive chasing one-half of the acreage con-| Transcontinental Oil here tended substantially to rally the] trolled by T. S. Hogan and acquiring| Union Pacific com- The Dox-Beau- vais company and Hogan retain the! t-nited § and {for- company is also expected to start one-half of the Dox-Beauvais pany's holdings there. two test wells already started they will be completed. The Ca nis work in the field. Another important aevelopinent Tr w prising Hogan and W. well. Hogan already leases on acrs adjoining and 60 section 11-5-29. announced, has acquired leases on five) Cnied tracts of land in fhe Kevin-Sunburst| \—itogs— district, | Receipts 11,500; active, mostly ive to |15e higher; bulk 180 to 240-pound Uinta County To Be Drilled. |butchers, $10.40@10.45; top, $10.50; New York interests are preparing| bulk 260 to 325-pound butchers, $10.10 to start a test well in the Mountain| @10.35; packing grades, $9@19. View district near Lyman,, Uinta| ~Cattle—Receipts 6,200; beef steers county, Wyo., according to announce-| lower; 10 to 25c lower; top yearlings 2,240 acres on Upper Point creek, four miles south of the Hogan Montana ®) headquarters at Billings, has entered |-rexas in the same field is the taking over by E. Rice of the W. tail and Chris Yegen lease, com. 40 the partners will start a test drilling within the next son the southwest quarter of The Standard of California, it is also! ment of R. J. efferson who arrived there this week and deposited a. for- feit to guarantee drilling on the struc ture. Test Well to Be Shot. The Clark Producing company’s test well on section & Refining} 10-3 62 of the Old Woman Creek anticline, near the Lance Creek field will be shot soon at 2,100 feet to determine the ‘pos- sibility of production in a sand pene-| 11,000; trated for 60 feet and found to contain| steady to slow; oil. NEW YORK, May average crude oll production of United States increased totaling 1,42 t he 7,300 barrels, 00 barrels for the week Antinomy|ended May 20, compared with 1,422,- |400 barrels the proceding week, ac- cording to the wkly summary of the American Petroleum institute. Duthie Plans Big Year. Complete development of the Duthie Oil company leases on section 3-39-79 jin the Salt Creek field will be con- ain Black! ducted this summer under the direc rintendent | tion.of J. H. Merrill who is at present their) working on the sixth well to be put Auxil-! down by the company on the lease. | The other wells drilled by the com- tiful flowers sent us during the {lneas| P&ny-are in the oil sand, two are ce- mented above production and No feet Sa C. } i; j PAIGE CARS JEWETT CARS PAIGE TRUCKS PATRIOT TRUCKS Investigate Prices and Quality of These Lines Before Buying. JAIN Henning Hotel is} ICH. | awaiting completion being at a depth) ‘anadian Pacific Northern ia. ral spiration eet avi Harvester Invincible Oil Kelly Springfield Tire nnecott Copper Petroleum Copper York Central: N. H, and Hartford: a ern Pacific ... Jahoms. Prod and Ref. | Pacific On |Pan American Petroleum | Pennsylvania. é | People’s Gas * Pure Oil . Royal Dutch N ars Roebuck ncluir Con. Oil Southern Pacific Southern Railwa | Standard Ol-oone oe ker Corporation Tennessee Copper United Reta Stores . Alcohol . U aited U Westinghouse Willys Overland | American | $8. she stock steady to 15¢ lower; jother classes of stock mostly stead: Sheep — Receipts 4,500; clipped jlambs 15¢ to 25c higher; early top $13.50; some held higher; no choice \ spring lambs here: sabeep and feeders steady; ewe top, $6.75 ed - Chicago Prices. CHICAGO, Ma —(United States Bureau of Markets.}—Cattle—Receipts market active; beef steers top $9. on heavy steers and yearlings; bulk of beef steers $8@8.75; fat she stock and stockers about steady; canners weak: bulls and calves strong; early sales veal calves to outsiders at $10.50@ 11; packers bidding $9.50@9.75 for de- irable light vealers. Hogs — Receipts 24,000; market fairly active; mostly 5c to 10c higher than Wednesday's average; big pack- ers doing little; top $10.80; bulk $10.30@10.75;"pigs about steady; pack ing sows strong to 10c higher; heavy weight $10.50@10.65; medium weights $10.60@10.80: light weight 10,80; light lights, $10.15@10.70; Fancy Early Ohio SEED POTATOES CASPER STORAGE Co. 313 W. Midwest Ave. $10.75@ | | Western Exploration. Wind River efg. . United Paste ... WyoKans Jupiter Coustal Kinney oCastal Lance Creek Koyaity . Lusk Royalty Preston and orm gain enlivened the later dealings. ‘The examples. This also is an exceeding! Ni . ie the ingly ine en ‘ closing was irregulai piers tad ay ea eee isane out.[sife and ‘entistactory form of invest. Mguntain and Guilt’. #2 | standing that are in the hands of in-/ ment. Mountain Producers Red Bank Wyo-Tex x Western Oil iFeids however, Midvale ‘an\. Pfessed Steel general plans; first, the Philadelphia|¥ears 2nd are non-tallable before Western States Car losing one point \ech. /The- for-| Mies. Pac. Ge, 1349 ..... plan where title to the rolling stock is|une 1, 1949. They are offered at 97% Mountain Producers Merritt Prod. and Refrs. | higher; andiy Lake Erie and Western com- mon and preferred, Wheeling and Lake Erie preferred, Chicago Great Western preferred, and Minneapolis and St. Louis at one to two points the Brazilian |5t. Louis Union Depot guaranteed by pees sai Peaeies arose cont ponds|® group of roads utilizing the proper. payable at the current rate of ex-|t¥: the Chicago Union Denot 4% and change in pound sterling, many of/®% of 1961 guaranteed hy five rail which are held by investors in tnis| roads and a number of other typical NEW YORK, May 25.—Narrow ee price changes characterized the dull and irregular opening of today’s mar- The 10 per cent freight reduc- tion announced yesterday by the inter- state commerce commission was with- out further effect upon rafls, where changes were limited to a half point gain in New York Central and a re-{S' action of the same extent in New Haven. Independent steels and secon- dary equipments reflected pressure, Vestors in such a third government. Probably the most universal type of Bond Issue Snapped Up, investment in this country are railroad) NEW YORK, May 25.—Continu- bonds. These are of many kindy and ance of the heayy demand for invest- % | classifications, but by grouping them)ment securities was demonstrated to- under a number of general heads with/day when the subscription books for subheads, I believe that they are most|the $35,000,000 bond issue of the New pg England Telephone and Telegraph First—Rolling stock bonds and notes|company were opened and immediate. which are usually designated as/| ly closed at the office of J. P. Morgan, Equipment trust. An Equipment|and company. The bonds, which bea: trust may be issued under one of two|five per cent interest. run for thirty vutwest ley Lsbeligg Iron, Gm, 1940 Jap. Gov., 4s, 1931 — eign oils, as well as Industrial Alco- hol, Allied Chemical, Davison Chemi- cal, Utah Copper and American Smelt- $16.50]ing featured the market's stronger !pa. 13.00] side. 1 31 yon to yleld 5.15 per cent. N vested in a trustee. The method par] sued is as follows: Presume that the| New York Central railroad buys from) the Baldwin locomotive works $10,-| 000,000 worth of locomotives. The) railroad would pay down two and one. half million dollars on such purchase. Then the title to such locomotives, | ow YORK CUR CLOSING -$ 16.37 12.60 5 Ny. ¥. Edi, Suis, ‘sii Pack., 88. 193 Prelimizary foreign exchange|Pen. R. R., 7s, 1950... quotations continued firm on more!Pen. R. R., 6%s, 1036 ,- cheerful afvices trém ;Paris. ene oh = test 1058 ‘The less favorable aspects of the| Queen: s, proposed stecl merger proviked steady| Queensland, 6x, 1947 Marine ¢ purchased at a cost of ten million do! Mutual Uquidation among those issues during | S:1"%,.1m, 1842. lars and on which thero is still due S. O, Indiana . the morning. Crucible, Lackawanna,| Sol. @ Cle.,=8s, 1927 seven and one-half millions, is’ vested Cities Service Com Gulf States, Republic, Sloss Sheffield| South, Ry.. 6%! we will say ‘n the Girard Trust com. Fensland ....... and Vanadium sustained losses c* une|S. W. Tell Tel. pany of Philadelphia who will issue LIBERTY to 2 points. .Most of the dom<aue olls| Swiss Gov., 88, for the New York Central railroad sev Ia: | 2nd several of the foreign group re~- en and one-half million dollars worth 1S acted to some extent and coppers. | Uium of Equipment trust notes, secured by Second 4s 3 chemicals, shippings and food special-lwhitaker?Giees, "6a, 194i ted me ten million dollars worth "of locomo: First. 4%: ties lost 1 to 1% points. Among rails.|pac. Tel, & Tel, 5s, 1952 94 tives and lease the locomotives to the Second sis". Pacifics, coalefs and several of the|Union B. and P., 6s, 1942 96% ed New York Central at an annual rev- Third “ee eestern trunk; lines including New enue sufficient to retire the notes Fourth 4%s . York Central, were under pressure. i when they come due and to pay the Victory 4% The only shares to show a strong tone| «Northern Pacific Income. interest on all outstanding obligations, NEW YORK, May ‘et corpo. tion income of $22,065,399, =n increase of $2,971,215 over the previous year was shown in the pamp! Fro paitene report of issued under such a trust. ‘This form of security usually is of a serial nature maturing annually in from five to fif- teen years from the date of issue at a rate of redemption rapid enough so that the equity represented, after a reasonable depreciation is taken, re- mains the same. The second form is the New York plan, which ts identical- ly the same except title to the prop- erty is vested in the railroad itself rather than the trustee, and the rail. road is liable by endorsement for out- were the tobaccos, American Ice com- mon and preferred, Industrial Alcohol, and Brooklyn Union Gas, Partial ral, lies before noon were led by Mexican Petroleum. Call money opened at 4 per cent. Revival of speculative interest in shares which are not ordinarily very prominent in the dealings caused some notable advances. Meantime the recognized leaders fluctuated within a very narrow radius but with the undertone steadier than in the morn: ing. Burns Brothers A and New York, Chicago and St, Louis first preferred improved 4 points each, New York and Chicago and St. Louis second preferred 4%, Willys-Overland preferred 3%, Lima Locomotive and Emerson Brantingham preferred 2% and United States Realty, Brooklyn Union Gas, North America,- Sears Roebuck, Union Oil, Phillips Petro- leum and Jones Brothers Tea 1% to 2%. Wabash common and preferred A were extensively bought and gained a point each. Crude Market Hamilton Dore Rock River Salt Creek Big Muddy Mule Creek 682 for 1921, ‘compared with $7,265,213 for 1920, the large increase accounted for by the jump of more than $17,000,- 000 in divident income received large- ly from the Northern Pacific's hold- ings in the Chicago, Burlington and josbernireceltn [nobene was “$98,653,-1Quteiy ing sows, smooth, $9.45@9.85; pack- ing sows, rough, $9.15@9.50; killing pigs, $9.25@10.25, Sheep — Receipts 12,000; market! slow; steady to 25¢ lower; in-between shorn lambs very dull; California spring lambs $15.25@15.75; best na- tive springs $15.50; best shorn lambs unsold; others $11.25@13.25; top na- tive ewes $7. GASOLINE 231% CENTS GALLON WOODS Filling Station % Me ra the Northern Pacific com- pany for 1921, lssued yesterday. Chairmen Howard Elliott said that that the saving thus effected over railroads, particularly in the’country Bound. was achieved by scaling down ex- 377,630,867 for 1921. Total gross bus- iness was $94,538,059 compared with $13,084,407 in 1920. In his remarks to the stockholders, expenses had been heavily scaled and balanced “a very poor year for the between Lake Superior and Puget A saving of more than $23,000,000 penses from $100,983,874 in 1920 to Non-cperating income was $26,552 Denver Prices. DENVER, Col>., May Silver. receipts, $400; market steady “ ot steers $6.75@8.25; cows nud helfers,| | NEW, YORK Mey a ene Free Wash Rack, Plenty $4.00@87.75; — calves, — $8.00081 milpeR tebe are) . Free Air and Water. bulls, $3.00@$4.50; stockers and teod- ers, $6.00@$7.40.- Hogs—Receipts, $2,300; market 10c higher; top $10.40; bulk, $10.00@ $10.25. : Sheep—Receipts $3,300; market 25¢ clipped lambs, $12.00@$12. ewes, $7.00@$8.50; spirng lambs, $14.00 @ $14.50. Foreign Exchange Steady. NEW YORK, May 25,—Great Bri- tain demand 4.44%: cables 4.45, 60- day bills on banks 4.42%. France de- mand 9.13%; cables 9.13%. Italy de- mané@ 5.25; cables 5.25%. Belgium demand 843%; cables 844 Germany Holl: demand 38.84; cabes 38.88, Norwa: demand 18.30. Sweden demand 25.80. Denmark demand 21.60 Switzerland NEW YORK, May 25.—Sugar fu-|demand 19,05. Spain demand °15. tures closed siedy; approximate sales| Greece demand 4.15. Poland demand 15,950 tons. July $2.70; September] -02% Czecho-Slovakia demand 1.90 $2.80; December $2.96; March $2.94.] Argentine demand 36.37. Brazil de- Refined sugar inquiry good with one|™mand 13. Montreal 99%. refiner advancing prices 20 points to $5.50@5.60 for fine granulated. Sugar. NEW YORK, May 25.—Call money steady; high 4; low 31%; ruling rate 4; closing bid 3; offered at 3%; last Joan 3%. Call Joans against accept- LONDON, May 25.—Bar silver 37%d|caces 3%. Time loans firm; 60 days per ounce. Money 1% per cent. Dis-[4%; 90 days 4%; six months 4%@ count rates, short and three months Prime mercantile paper 4%4@ bilis 2 7-16 per cent. c. E, KENNEDY London Money. 1436. MOTOR OILS AND GREASES IN ANY QUANTITY Service Cor. E. Yellowstone and A When you may have any quantity at a moment's notice if youowna IF YOU ARE QUITE PAR TICU LAR. - You'Li PIND OUR. PLUMBING. UP-TO- J. A. HOWLETT BROKER = thonghts of clothes — and every- thing. You can think of fresh ' stylish clothes and sav- ing money at the same time if you take advan- tage of our dry cleaning capabilities. Look over your summer sport clothes and select what you'll need. Maybe you'll haye that sweater dyed. THE SERVICE CLEANERS 113.E. RAILROAD AVE. PHONE 56 Phone 1870 413 Midwest Bldg. ‘ Copper-Coil Gas Water Heater @ We lke to do work for par- ticular people, because it pleases us when they tell us how much they're pleased with our plumbing and with our bill. Get this telephone number 711 fixed firmly in your mind. You may need it in a hurry some time. As the well on the Carlson ranch that is being drilled by the Natrona Oil & Gas Co. is now only 50 feet above the Second Wall Creek Sand, and indications look good for a big producer, we will not sell more than $100 worth of stock to any one party. Let us explain how inex- pensive real hot water service can be had. i Casper Gas Appliance Co. Inc. ¢ 119 East First St. Phone 1500 S HEATING co. INC. S9 EAST SECOND S PHONE 711 2O0e¢