Casper Daily Tribune Newspaper, May 29, 1922, Page 8

MARKET GOSSIP AND FIELD NEWS GARBON COUNTY AGTIVITIES JUMP Pipelines between the Lost Soldier and Ferris fields in Carbon county, Wyoming, and the shipping station at Fort Steele are now being operated at full capacity and between 1,800 and 2,000 barrels are being delivered, according to Rawlins reports. Activities in all districts are also on the American American American American American | American American American A.uwetican American * 48% + 115 Sugar ° Sumatra_Tobacco T. and T. Tobacco)... . Black” Tad 0.223202 kstone Salt” Greck Chappell ;. % Columbine |Consolidated’ Royalty | Capital Pete ON WAGE CUT New York Market Broad ana! Active; Speculative Issues Also Good. NEW YORK, May 29.—The -ut in) Greatly relieved.” says the review, “by MAY IS BRIGHT IN PROSPECTS KANSAS CITY, Mo., May 29.—Strengthening of market prices for the principal products of the tenth federal reserve district since the beginning of 1922 has been a powerful fac- tor toward bringing about a marked improvement in the general economic situation, according to the May issue of the Monthly Review by the Federal Reserve bank of Kansas City. “With the unemployment situation|and merchandising, vast amounts aré | being invested in government and mu- MONDAY, MAY 29, 1922. talled 66, an imerease of 16 fai) trom April 1921. Business operations increased per cent over April, 1971. Decrease of 38.4 per cent in a: of wheat and increase of 78.3 per in arrivals of corn at western mar Compared to arrivals one year a, Flour milling 20.3 per cent inc: over April, 1921. Decrease of cattle, hogs and » and increases in calves, horses mu‘es at market centers in April pared to receipts of a year ago. Coal production first month of was 19.9 per cent of full capac states of the district. Advanced prices in ores brin, railroad wages ordered the United) 4 a American eben by the United \increased industrial activity and farm|nicipal securities, ~ néw enterprises,| cfeased activity in zine and lead increase. An important development of the ‘ast week for the Bair company, bic operator in Lost Soldier, was the open ing of a new gasser in section 11-26. 90, sufficient to supply its needs for drilling purposes. The company has had great quantities of oil stored but has been compelled to purchase its gas for drilling. The Bair company {s down 320 feet with a new well on section 10-26-90, is drilling at in 1 on the Ma . Which developed terrific gas pressure before being placed under control, blew off the connections and WHEAT PRICES TAKE. PLUNGE May and Later Options Rapid Fall on Chicago Exchange Today. in 29. — Indications who had taken a large amount of wheat on May con- tracts was-freely solling Juty led to a sharp setback in wheat prices today, although earlier the market was climbing. May tumbled to $1.18% ‘The market closed heavy 5% to 6c net lower, with May $1.18% to $1.18% and Juty’$1.19%. CHICAGO, May 29.—With deliv. eries on May contracts less heavy than has been the rule of late, the wheat. market took a decided upward swing today during the early trans- actions. Talk of Germany getting a biMion dollar loan tended also to en courage sentiment in favor of the bulls. Trade, however, lacked vol- ume, and the market was easily influ- enced. Deliveries on May contracts totalled 595,000 bushels and there were fresh arrivals here of 540 carloads of wheat. The opening, which ranged froin ic off to le advance, with May $1.25 to $1.25% and july $1.22% to $1.22%, was followed by a rise all fround which carried May to $1 and July to $1.23%. Subsequently, generally selling de veloped, and with oggressive support absent, prices underwent a rapid fall. Corn and oats strengthened with wheat. After opening unchanged to %c lower, July 62% to 63c, the corn market scored quite general gains. Big receipts and ideal weather counted as bearish factors later when wheat went down grade. Theclosing was weak, %c to 1%c net lower, with July 61% to 61%. Oats started %c lower to %ic ad- vance, July 38% to 38%c and after- Ward ascended a:littic all around. Provisions reflected the grain ad- vance, notwithstanding lower quota- tions on hogs. Closing Quotations. Open, High, Low. 1.29 Close. 118% 1.18% 1.18% 1.18% 1.16% 1.16% 59% 61% 64% 59% 61% 64% 36% 37% 39% 11.55 11,82 CHICAGO, May —Butter lower; creamery extras 33%c; firsts 30@ 33c; seconds 28@28c; standards 34%c. Eggs lower. receipts 37,032 cases: firsts 23%4@23%c; ordinary first 21% #22c; miscellaneous 22% @23c. Poultr; alive higher; fowls 25°4@ 26c: broilers 36@44c: roosters lic. caused further trouble before it could be shut in again. Riverton Test Fishing. ‘The Connolly Oil and Land company is fishing for tools at 1.400 feet in its test well being drilled north of Riv- erton, Wyo., where the first test of that region ts being made. Water Trouble Corrected. sing is being reset in the test well of the Ashiand-Wyoming Oil company. six miles north of Basin, Wyo., where it was recently pulled to combat wa ter troubles. Ten foot of oi] stands on top of the water. Mercer Dome Drilling Again. ‘The Obio Oil company has recovered tools lost in its well on the Mercer dome in the Big Horn basin, northern Wyoming, and has resumed drilling at} 1.200 feet, according to announce- ments from Basin. The test is looked upon as one of the most important ever made in that district. Neweastle-Osage Operations. The Bachellor Oil company is rig- ging up for the first test well to be started ‘in the Beaver Creek section of the Newcastle-Osage field in north- eastern Wyoming. ‘The location is near the center of section 21-45-63 and is in the lower part of the field. Location has also been made for-the Weston-Niobrara company’s first well on section 13-45-63. The company is being financed by Pittsburgh interests. ‘The Miller-Elliott interests have an: nounced plans for putting down a well en their holdings in section 5 and 6- 45-63. On the Skul Creek strncture, in the same county, the Midweat Oil com: pany ‘has taken a lease on the hold- ings of Mrs. Janet Haviland of New- castle. A cash bonus was paid, it is stated, but no announc=ment is forth- coming regarding the Midwest plans for summer drilling. No test has been drilled on the structure. Nebraska Test Drilling. ‘The Lakeside Development company is drilling below 2,860 feet in a well rear Lakeside in Northwestern Ne- braska after having passed through a 27-foot sand identified by the drillers as the first Wall Creek. NEW ¥ CHEYE Wyo., May 29.— Articles of incorporation have been filed in the office of the Wyoming secretary of stat ty the Douglas Land & Livestock company, capital stock $225,000, headquarters at Doug- las. The directors aro Charles T. and Kinsler H. Padden and F. W. Ray- mond. FINAL PREPARATIONS FOR SALT DOME TEST IN NEW TEXAS REGION FORT WORTH, May 29.—Prepara- tions are being completed for the big test well of Roeser Petroleum, in An- cerson county, on Montalba Salt Dome. A giant rotary rig is being moved to Rogeer’s firet location on the 7,000 acre tract owned by this) company, and in a very short time the drilling should be well under way. All the big operators in East Texas are keeping close watch on Roeser’s Montalba test, and from the results of the thorough examination made by geologists on this acreage, a monster gusher is expected. The drilling rig to be used by Roeser Petroleum is of the heaviest typo used in Texas and is capable of drilling sev- eral thousand feet below the 2700 foot horizon where it is cxpected the Woodbine sand will be encountered. Aor eae pie One woman, Mrs. Mary W. Aldridge of Alabama, merely smiles when men- tion is made of “swat the fly.” Mrs. Aldridge some time ago was a guest of a hotel in Montgomery. Another |guest became disturbed by flies and \began chasing them. He “swatted” one with a towel which dislocated a screen window. The screen hit a sky- light and the skylight hit Mrs. Ald- | ridge. Now she is $2,500 richer by | award of the court for injuries suf- ‘fered by her dignity and anatomy. BOND SE Quotations Furnished Securities Corporation, Cheyenne, Wyo., Inquiries | Anaconda. | Atchison Atl, Guif Baldwin Baltimore and Ohio Bethlehem Steel “B” Canadian Pacific . ntral Leather bed 40% Chandler Motors . Chino Copper ... Colorado Fuel and Iro Corn Products \Crucible Steel meral Asphalt Gerferal Electric meral Motors Goodrich Co, o- ‘eat Northern, pfd. . Tilinols Central Inspiration Copper .. International Harvester |Int. Mer. Marine pfd . International Paper .. Invincible Oil |Kelly Springfield Tire jKennecott Copper Louisville and Nashvilie Mexican Petroleum Miami Copper Middle States Of - Midvale Steel . Missouri Pacific . New York Central rete |N: Y. H., and Hartford . Norfolk and Western . Northern Pacific ... sees {Oklahoma Prod. and Ref. . ‘Pacific Oil Pan American Pennsylvania People’s Gas Pre Oil Ray Consolidated Copper - Reading : ; Rep. Iron ‘and_ Steel Royal Dutch, N. Y. Sears Roebuck Sinclair Con. Oil Southern Pacific Southern Railway Standard Oil of N. J. Studebaker Corporation Tennessee Copper Texas Co. ; Texas and Pacific Tobacco Products . Transcontinental Oil Union Pacific United Retail Stor U. 8. Ind. Alcohol Ited States Rubber ited States Steel Utah Copper ... Westinghouse Electric Willys Overland ..... eoseee American Zinc, Lead and Sm. Butte and Superior {Cala Petroleum Montana Power hattuck Arizona Great Northern Ore “SS Dr ctibebg | 104% rat : 64% 92% 25% Liwestock Mart Chicago Prices. CHICAGO, May 29.—(United States Bureau of Markets).—.Cattle,. receipts 26,000. fairly active; beef steers mostly steady heavy kinds slow top $9.10; bulk steers $8.00@8.60; she stock, veal calves and stockers generally steady; bulls steady to weak; bulk beef cows and heifers $5.75@7.35; bulk bologna bulls around $4.65; packers paid $9.00 @9.50 for light vealers; few at $9.75; shippers paid upward to $10.50. Hogs receipts 49,000; fairly active; big packers doing little. bidding lower; lighter weights mostly steady; others 6 to 10c lower than Saturday's aver- age; top best grade off more; top $11; bulk $10.35@10.95; pigs about $10.60 @10.80. medium weight $10.75@10.95; light weights $10.90@11.00; light light $20.25@10.80; packing sows ‘smooth $9.40@9.90; packing sows brought $9.25@9.50; killing pigs $9.25@10.30. Sheep receipts 20,000; lambs mostly 25¢ lower. one load choice handy shorn lambs steady to city ‘butchers; at $10.75; bulk shorn lambs holdovers to $13.25; good native springs $15.00@ 15.25; sheep steady; best hand native ewes $10.00. three loads 100 pounds fed Texas wethers $8.00. es Omaha Quotations. OMAHA, Neb. May 29.—(United States Bureau of Markets.}—Hogs— Receipts 9,000; mostly 10c lower than Saturday's average; bulk 180 to 240- pound butchers $10.15@10.25; top $10.30; bulk 250 to 325-pound butch- ers $9.90@10.15; packing grades $9@ 9.75. Cattle—Receipts 7,500; beef stcers slow, mostly 10c to 15¢ lower; top $8.50; she stock steady to 10c lower; bulls dull, weak to lower; veal stock- ers and feeders generally steady. Sheep—Receipts 6,060; lambs 25c to 30c lower; choice native spring Jambs CURITIES by the John U. Fish Answered. Angie-Am Am. Sug. Am. T. & British, 5%s, British, 5%, Can. Pa. Ry, Cc. B.& Q, 5s, sieates Can. Pa. Ry, Reg. 6s, 1924 Chile, 8s, 1941 Consol. Coal Cop. 8s, Cop. . 85, 1924 Cop. 1924 Cop. 192) . Cub. , $8, 1931 ., Cuba, R. R, 7%s, 1936 Cuban Tel, 74s, 1941 €xzechoslovak, 8s, 1951 .. Dan. Con. Mun, 8s, 1946 Del. & Hud., 5%s, 1937 Den., 6s, 1942 French Goy., 734s, 1941 .. Gt. Nor., 5 Gt. Nor., 7s, 1936 Hock Valley, 6s, 1 101% 109% 100% | 7 $14.75; contracted clipped Iambs $13.50; practical top $12.90; sheep steady; yearlings $11; ewes $7; feed- ers 15c to 25c higher; feeding lambs $12.40, Denver Prices. DENVER, Colo., May 29.—Cattle re- ceipts 5,400; market steady; beef steers $6.75@8.00. cows and heifers 34.50@ calves $11.00@11.25; bulls $3.00@ 5.00; stockers and feeders $6.00@T. Hogs receipts 1,000; market 10 to LeBelle Iron, 68, 1940 Jap. Gov., 4s, 1931 . 4% 2nd, 4448, 1925 . Pac., 6s, 1949 O. Tr. & Lt., 6s, 1947 . Gt. N. Jt, 644s, 1936 77% 91% 90 97 5% 105% 4 96% 110 107% 108% 109% £ 82% 111% 102% 94% 99% 106% 99% 102% 117 102 108% Paris L. M. R. R., 68,1058 Queensland, 7s, 1941 Queensland, 6s, 1947 Seine, 7s, 1942 . § Sin. Crude Oil, 54s, 1925 Sol. & Cle., 8s, 1927 .... South, Ry., 6%s, 1956 S. W. Tell Tel. Swiss Gov., 8s, 1940 ... Swiss Gov., 5%s, 1929 Urnguay, 88, 1946 . Den., 8s, 1945 DuPont. 7%s Framerican, 7 ; French Gove, 1945 ,. 103%104% 1 Virginian Ry., 5s, 19 Whitaker ?Gles: 5 Fd| 4 6 99% a4 94%a) 96% 97a 9835 Union Byand P., 65, 1942 15e lower; top $10.30. bulk $10.00@ 10.20. Sheep: receipts 200; market steady; clipped lambs $12.00@12.75; ewes $7.00 @8.00; spring lambs $13.00@14.50. 154 WYOMING MEN WOULD EATER TRAINING CAMP CHEYENNE, Wyo., May 29.—One hundred fifty-four Wyomingites have applied for admission to the citizens military training camp which is to be held at ‘Fort Douglas, near Salt Lake, this summer. Wyoming’s quota is 164. It will require at least 250 ap- plicants to fill the quota, it is esti- mated, because many applicants will fail.to pass the Pe eat 4 'Outwes: 26% | 4 |silver 71 Elkhorn oe¥e T. Willams fates Jupiter Coastal . as | Kinney Coastal Lance Creek Roy; Lusk Royalty Preston ... Northwest Mike Henr- : Mountain Producers .$ Red Bank ‘ Five Tribes Pet. | Picardy ¥ {Riverton Refg. . ty, and Producers Sunset .. ie! m Bell Royalty Western Exploration Wind River Refg. . Co. United Pete | Wyo-Kans Wyo-Tex Western ©) Western States You. shone NEW YORK CURB CLOSING. mrock Oil t Creek Prds Salt Creek Cons, 4 |Prod and Refrs. Marine Mutual Indiena rvice Com. | Fensland LIBERTY BONDS. is. dates 4Me jSecond 4%s |Third 4%s Fourth 4%s Victory 4%5 Grass Creek sik Basin \Lance Creek Hamilton Dom: Rock River Salt Creek Big Muddy Mule Creeic NEW YOR Mexican HON. L. civ Foretgn bar dollars 55c. (By One Who Knows Him) Environment and associations have had a great deal to.do with the mak- ing of L. Curtis Hinkle a.loyal, active and unswerving Republican for he was born on July 6, 1869, at Orange, Ashland county, Ohio, in the old con- gressicnal district of John Sherman, James a Garfiell and William McKin- ley: It naturally followed that he should have earned the name of “the original Harding man" because at Chicago in 1916, he tried to stampede the national Republican convention, to which, he a delegate, for the Ohio senator. Mr. Hinkle came to Wyo- ming a young boy, casting his first vete just after the territory emerged © statehood, His first dccupation was tHat of d telegraph operator on the Union Pacific railway and he con- tinued in’ the employ of the company for 10 years, most of the time in the capacity of train dispatcher. In poli- tics Curtis Hinkle has loyally and ac- tively served the Republican party as city chairman, county chairman and member of the state central committee and has been a delegate to every state convention since 1890. His record as a public servant is a proud one— whatever position he has occupied has been filled honestly, courteously and efficiently: As a member of the tate legislature, as chief clerk of th state board of land commissioners and } } +) the dealings, N States railroad labor beard formed the basis of broad and active ealings m trnsportation shares teday.. The} gener! list also improved. Sales ap- oroximated 1,150,000 shares. Rubber shares, especially” the tire group, were active later at substantial gains. Rails were not pereeptibly af- fected by a decision adverse to the Southern Pacific company. The clos- ing was strong. YORK, May 29.—The cut in} wages announced overnight the United States railroad labor board and firmness of foreign ex-| hanges evidently were regarded as| tullish arguments by traders, judgt: from the strength of the general list! Mt the opening of today’s session. Sev of the junior rails made one point} gains, while investments recorded ‘arge fractional ances, Indepen- Jent steels again were sustained by re vival of merger reports, Crucible ris ng one point and Republic Iron two 0in Among specialties Famous Players, American Tobacco ard Unit d Drug were substantially higher and horts were driven to cover in Sumatra Tobacco, that stock showing an carly in of 4% points. Broader and more active dealings marked the morning's opening. Rails nd oils continued to lead the advance, with the ‘steels and equipments next in favor. Last week's rise in coalers, especially Reading common and pre- ferred issues were substantially in- creased and Norfolk and Western, Baltimore and Ohio, Lake Erie and Western, Texas and Pacific and New Or! Texas and Mexico ros 1% points. International American Car, Pullman, Coppers, tex- lles and utilities gained 1 to 2 points, with sugars and food specialties. Amyng the lesg prominent issues a gain of 5% points for National Enam- cling and 6 points for Willys-Overland preferred were conspicuous features. Call loans extending over tomorrow's holiday opened at 4 per cent. Speculative operations for the ad- continued. to be* conducted with ed confidence. New high rec- ords for the year were established by! many of the usual Jeaders, as well as a number of the minor issues which have recently become prominent ‘in| ‘These included Mexican troleum, Studebaker, Coca Cola, lifornia Petroleum, American Lin- seed and Marland Oil, Standard Of NEW lroad ”Y t lof California moyed up 3%, American = RTIS HINKLE Candidate for Secretary of State as deputy secretary of state, he has known “no east, west, north or south” but-has ever had in mind the godd of; the entir@ commonwealth. While with! the state land board he was instru-/ mental in starting and saw .to comple-} tion the Cody canal, the Bench canal} and the Sidon.canal—all in tho Big Horn country—thus assisting in open-| ing up a new empire. Everyone who enjors a close ac- quaintance with Curtis Hinkle pro- nounces him an honest, upright man, faithful alike to his friends and to his party. He is known throughout the state as a good citizen, devoted to law! and order. His influence will always be found on the side of that which) is right.and just and he will in the fu- ture, as he always has in the past, strive to further the interests of Wyo- ming and the walfare of its citizens.! He is a Mason, having attained th 33rd degree, a Shriner and an Elk. Mr. Hinkle is now a candidate for the nomination of secretary of state, subject to the will of the Republican voters at the approathing primaries. | He pledges himself, in the event of his nomination and election, to devote his entire time to the duties of his office and to co-operate in every way with the next administration in es- tablishing a record for unselfish public service, economy and efficicncy—Polit- ical Adv, | Sumatra Tobacco preferred 3% and) jberg. American Linseed, Marland Oil|)over the corresyfonding period Inst jand California Petroleum 2 to 2 Work. and crop conditions improved, real estate and building. the outlouk is bright.’ | a | A resume of the business situation | active. The outstanding featGre of the fi-| outlined in the report follows: Continued heavy production of nancial situation in May, the report] Crop conditions improved and the] oll. daily average for April in states, is the continued easing of mon-| outlook bright. May forecast for win-\states estimated at 521.777 ey and the low loan interest rates.|ter wheat in the district 220,302,564] Drilling operations increased “All reports indicat> jbushels. average condition. 77.2 per} Gross deposits in banks in: easier than for more than’a year, and.|cent, a decline of 8.4 per cent from|35 per cent and reserves incr aside from meeting requirements Of | jast year’s Ma condition. 19.4 per cent in four weeks. Sa livestock, agriculture, manufacturing; Business activity as reflected by|in banks increased 7 per cent = [bank debits to individual accounts in| posits and 14.4 per cent in acc} 3 cities agkregate $1,001,754,000 in}over, May 1 last year. Cocoa Cola, Bosch Magneto, Strom-/four weeks, an increase of 4 per cent ing. Metal mining in Colorado Jewelry and watcn repatring > pert workmen. All work guara Casper Jewelry Mfg. Co. O0.S an ———— | jyear. ‘ Increase in quantity of goods distrib- Metals. juted by wholesalers, but due to re- NEW YORK. May 29.—Copper|duces prices, sales in money value de- steady. electrolytic spot and futures|creased in some lines. Retail) trade 3% @lic. Tin firm, spot and nearby| about the same activity. 31.50; futures 3 Iron steady; No.| Resumption of high activity in pur- 1 northern 24.00@26.00; No. 2 north-|chases'by farmers, of implements and ern 23.00@24.00 . 2 southern 17.50|farm machinery, distributors report- @18.00. Lead steady. spot 5.50@5.85.|ing 89.5 per*cent increase in sales over Zine steady; East St. Louis spot and|last year. nearby $5. Antimony spot 5.37@| The lowest record of any of the oth- 5.50. jer federal reserve districts was re- |corded in business failures, which to- Surveying and Location Geologists Oil Expe Oil Field Maps, Blue Pri WYOMING MAP A BLUE PRINT CO. P. O. Bex 325 Room 19, Daly Bldg. Lumber Prices Are Advancing Mill prices on all lumber products ar advancing rapidly. Foreign Exchange, Irregular. NEW YORK, May 29.—Great Brit- ain demand 4.44%; cables 4.45; sixty day bills on banks 4.42%. | France demand 9.13; cables 9.13%. | Italy demand 6.26. cables 5.26%. Belgiura ‘demand 8.44; cables 8.45. Germany demand 36%: cables 36%c. Holand demand 38.95; cables 39.00. Norway demand 19.10. Sweden demand 25.82. Denmark demand 21.80. Switzerland demand 19.10. Spain demand 15.80. Greece demand 4.18. Poland demand .02%. Czecho-Slovakia demand 1.93. Argentine demand 36.37. Brazil demand 13.87. Montreal 99, DO YOUR BUILDING NOW WHILE OUR PRICES ARE LOW. Money. U NEW YORK, May 29.—Can money firmer; high 4%. low 4; ruling rate 4; closing bid 4; offered at 4 loan against acceptances 3%. loans firm; 60 days 4%. 90 days 4% six months 4% @44 prime ‘ mercan- Ule paper 44 @4%. _ NATRONA LUMBER CO. Phone 528 Money. 29.—Bar © silver ‘money 13% per Discount rates, short bills 2 5-6 per cent; three months bills 2% per cent, London LONDON, May 36%d per ounce; cent, @3% BARBER SHOPS TO CLOSE We the Undersigned Barber Shops Will Close All Day TUESDAY MAY 30 DECORATION DAY HENNING BARBER SHOP WORLD’S FAIR SHOP MIDWEST BARBER SHOP — These Shops Will Be Open Until 9 O'clock p. m. Tonight