Casper Daily Tribune Newspaper, June 9, 1922, Page 10

| he r, ce at PAGE TEN - MARKET GOSSIP. AND FIELD NEWS New York Stocks PRenrenese cote yee ter MOSHER WELL MAKING PROGRESS == fea! Officials of the Mosher-Salt Creek cyndicate Teport that) American pence they are down 1,550 feet in their second well in section 19.|{merican Sugar . They expect to strike the regular second Wall Creek sand.| ‘american T. This well is located one-fourth miles west of well No. 1, which| American Tobacco average of 175 barrels a day. | *™U"2 Mosher and King are starting a ~~~"! is said to be producing on an WHEAT CLIMBS ON CROP NEWS Increase in Estimates Causes Weakness at Opening, Prices Recover. CHICAGO, June 9.—Assertions that export demand had improved and that domestit millers were after supplies here aided in bringing about higher prices. for wheat today notwithstand- ing weaknesr of values early. Strength in the corn market helped also to lift wheat prices. Wheat closed unsettled, to 1%c net higher, with July to $1.15% and September $1.14% to $1.14% After the first hour, the effect of government report waned and with pit offerings arce, advances«were read- ily achieved. Profit taking sales did = good deal later to check the advance in corn The close was nervous 1% to 2% net higs.rz, with July at 620. CHICAGO, June 9.—Wheat: turned downward in price today during the first part of the board of trade session, with attention chiefly given to the gov- ernment crop report showing a proba- ble yield of about 60,000,000 bushels more than was harvested last year. The big crop indicated for the terri- tory contiguous to Chicago counted in particular as a bearish factor. On the declines, however, elevator inter- ests here took to the buying side. The opening which ranged from % to 1% lower with July $1.13% and Septem- ber $1.15%, was followed by a material further drop and them by something} of a rally Corn prices developed strength, o> spite the weakness of wheat. Bull leaders took the position that corn supplies were no longer a burden and! that every bearish factor had been exploited to the fullest extent. After opening unchanged to %c higher, July 60% to 6lc, the market scored materi- a] gains all around. Oats were depressed by the govern- ment report pointing to a larger crop than had been generally expected. The market opened \c to %c to %c low- er, July 36% and then sagged further before beginning to recover. Provisions were steadied by the up- turn in the corn market. Closing Quotations. Open. High. Low. Close. WHEAT— July —- - 113 1.16% 1. Sept. — - - 1.13% 1.15% 1. Rec. ~116 1.17% 1. cORN— July - - = 60% 63% Sept. —-— -64 66% Dec. - — — 62% 64% OATS— July - - = 86% .37 Sept. — — - -38% 39% -38 .38% Dec. - — — 40% 41% 40% 40% LARD— July — — - 11.55 21.62 11.55 11.55 Sept. — — - 11.87 11.95 11.87 11.87 RIBS— July --- 12.50 Sept --- 12.30 Ohio *~ «ection 40. Ta. io .+ Up and drilling opera tions are to start tomorrow, Pipeline Work The Western Pipe Line company screwed and painted about a mile of pipe yesterday. The ditching, which is to fllow up the screwing of the pipe, is well under way. Ashiand-Wyoming Resumes. Ashland-Wyoming Ofl company ‘s again drilling in its well six miles north of Rasin, Wyo., after casing off water. The drill is now working in sleep sand and slow progress is be- ing made. In the same section of the state the Ohio company is drilling at about 1,- 300 feet in its wildcat on the Mercer dome. The Ohio is also reported to be moving new material to the Hidden dome, where two strings of tools are io be operated this year in developing a larger ges supply. New Tests for Montana. Absoraka Oil Development company, subsidiary of the Northern Pacific railroad, has made location for a deep test well on the Gledive-Baker anti- cline in eastern Montana, section 22- 4-61, south of the Glendive gas field. Baker,Mont., is supplied with gas from wells on this rtructure. The Absor- aka fs also starting atest on section 10-13-34 of the Rosebnd dome, Rose- bud county, and is down 3,400 feet with a test on the Ingomar domo in the same county, wre Livestock Mart Chicago Prices. CHICAGO, June 9.—(United States Bureau of Markets.)—Cattle—Receipts 6,000; active, generally steady on all | clases; in-between grades butcher she | stock and sorts on bulls slow; run largely beef steers of rather plain flesh conditions; part load bullocks, $9 yearling and matured steers $9.40; bulk beef steers $8.40@8.90; bulk | bologna bulls $4.50@4.65; bulk vealers |to packers $10.50@11; few at $11.50, Hogs—Receipts 32,000; ‘opeged steady with Thursday's best time; la- ter Sc to 10c lower than early, or steady to Sc lower than the mverage; top $10.95; bulk $10.20@10.90; pigs steady; mostly $1010.50; heavy weight $10.50@10.75; medium $10,70@ 10.90; light $10.90@10.95; light light $10.40910.90; packing sows, smoth $9.50@9.90; packing sows, rough $9@ 9.50; killing pigs $9.75@10.50. Shake eines 11,000; slow, many 25e ring lambs $14.5 const ‘308. 50; Pnostly $8; shorn poe sBarce; two doubles goo 90-pound fed westerns $12; heavy ewes drag- sin tates $3; pest light fat ewes $7; today’s receipts in- arte e600 direct to packers. Omaha a Quotations. OMAHA, Neb., June sabia 3! States Bureau of Markets)—Hogs—Ri ceipts $9,000. active, mostly 5 to 10 chers $10.30@$10.40; top $10.45; bulk 250 to 325 pound butchers $10.00@ $10.30; packing grades $9.00@$9.85. Cattle—Receipts 1600; better grades BOND SECURITIES Quotations Furnished by, the John U. Fish Securities Corporation, Cheyeame, Wee Answered. STANDARD BONDS Bid Asked , 1925.. 103% 103% rete. Vaai "100% 100% - 101% 101% 99% 100 102 % 7s, 1945-108% 100% . Gov. S. F. 83, 1941. 107%4 108 British byes, 1929 109% 109% Bie, 1939 —.-..-. 102 Gan, Pan. Ry. Deb. stock. 77% 78 P. Ry., Deb. St. ..-. 77% 78% 3. s, 19° 1 2 ees $34 10135 101% Chile 8s, % Con. Coal, 5s, 88 Cop. Expt, 88, 1 102 Cop. Expt, 8s, 1924 . 4 103 Cop. Expt, 8s, 1925 3% 104% Cub. Amer. Sug. 8s, 1931_106% Cuba R. R. 74s, 1936 104 Cub. Tel. 7%s, 1941. 107 Czecho-Slovak 8s, 1961 97% Dan. Con. Min, 8s, 1946... my Del, & Hud, 5%s, 1937-. Framerican 7%, 1942-—. French Gov. 8s, 1945 French Gov. 7%3, 1941-101% 102% Great Nor. 5%s, 1952---100% 100% Great Nor. 7s, 1936-. 109% 109% Hock, Valley, 68, 1924 .. 100%’ 100% LaBelle, és, 1940.. 99 100 Jap. Gov. 4s, 1931____- 77%4 Jap, Gov, ist 4%s, 1925__ 91% Jap. Gov. 2nd 4%s, 1925-. 90% Missouri Pac. 6s, 1949-___. 99% N. O. Tr. & Lt, 6a, 1747. 96% 97 P. Gt. N. Jt. 6%, 1936_105% 106 . ¥. Central 5s, 2013_____ 94% N. ¥. Eat, Gs, 1941 159% 109% Pack, 8s, 1931 WT% Penn. R. R, 7, 109% 110 Pen. R. A. 78, 1936. ..... 109% Paris I-M 3. R. 6s, 1958__ 81% 82 Q cnsland, 7s, 1941 spsland, 63, 1947 fe Seine 7s, 1942_-_______ 93% 94 n. Crude Oil, 5%e, 1978 99% 99% ol. & Sie, a 1927 10514 195: 0. 68, tH 96% a ‘GREAT NORTHERN SHOWS | INGREASE IN EARNINGS ST. PAUL, Minn., June 9.—Net in- come of the Great Northern railroad totalled $28,469,926 in 1921 after de duction of taxes and fixed charges, ac- cording to the annual report of the road, made public today. This was the equivalent of $11.41 a share on the $249,477,150 capital stock | outstanding. In 1920 the earnings | were $7.74 a share. ence of opinion existing between the Northern Pacific and the Great North- | ern railroads over interest charges due to their re-financing of joint interests |in the Chicago, Burlington and Quincy last year is discussed in the ounual re- port of the Great Northern. The amount involved is at this time in excess of $575,000 annually with the prospects of being double that amount soon, the report says. The difficul- ties have been complicated, according to the report, because of the Northern Pacific's prospective saving of interest by a conversion of a portion of the 16 year 614 per cent bonds jointly is- sued by the two companies into Northern Pacific refunding and im- provements purposes. The question, the report states, has been submitted to arbitration. ees 4,| NEW YORK, June 9.—The differ- | Batter, Eggs, Poultry. CHICAGO, June 9.—Butter higher; creamery extras 35c; firsts 30@34c; seconds 26@29c; standards 35c. Eggs ‘unchanged; receipts 49,900 cases. ers 28G35c; roosters 14. caprock believed to overlie’ the Fen-| @ Poultry alive lower. fowls 21c; broil-lof unfavorable crop conditions ican Woolen Anaconda Copper Atchison . Atl, Gulf and West Indies - Baldwin Locomotive Baltimore & hio . Bethlenem Steel Canadian Pacific . Central Leather Chandler Motors Chesapeake and Ohio Chicago, Mil., and St. Paul Chicago, R. I. and Pac. Chino Copper . Colorado Fyp! an: Corn Crucible Steet Erie Famous Pidyers Lasky Great Northern, pfd. . . Illinois Central ex div Inspiration Copper . International. Harvester |int. Mer Marine pfd. nternational Paper nvincible Oil Kelly Springfield Tire Kennecott Copper — Louisville and Nash Mexican Petroleuin Miami Copper . Middle States Oil Midvale Steai* Missouri Pacific — New York Central. Y., N, H., an@ Hartford - Norfolk. and Western Northern Pacific .... Oklahoma Prod. and Ref. . fio Oil Pan American Petroleum Pennaylvania People’s Pure Oil . Ray Consolidated Gopper - Reading . Rep. Iron and Steel Royal Dutch, Sears Sinclair Southern Pacific . Southern Railway Standard Oil of N. J. Studebaker Corporation Tennessee Coppe: Texas Co. .- Texas and Pacific . Tobacco Products . ‘Transcontinental Oil Union Pacific . United Retail Stores U. 8. Ind. Alcohol .. United States Rubber United States Steel Utah Copper Westinghouse Electric tte and Superior Cala, Petroleum Montana Power Shattuck Arizona Great Northern Or ~ beef steers fully steady; top $9.00. medium yearlings slow; other classes of stock generally stead Sheep— Receipts 3,000; all classes generally steady; California springers $14.25; clipped lambs $12.75; choice light ewes $6.2! IWIDE PUBLICITY GIVEN WYOMING higher; bulk 180 to 240 pound but-| History of Oil Industry Here Told in Article by Frank B. Taylor in Oil Journal. “The Oil Romance of the Wyoming Fields" is the title of an article by Frank B. Taylor of Casper in the Oil and Gas Journal for June 1. The story deals with the different periods of oil development in this state and gives a particularly vivid description of Casper that is well worth reading by all Casperites. Beginning with the ploneer days be fore oil was known to exist in Wyo- ming and taking up sketches of trap- pers, miners, and stockmen, Mr. Tay- lor carries the story through the time that P..M? Shannon came out from Pennsylvania and searched the un- suspected state for the flowing wealth, down to future developments and on to the present day when refineries and oil wells form the major topic of conversation arid the principal reasoh for industrial progress. Mr. Taylor shows the difficulties en countered in the past and still to be encountered in the development of ‘Wyoming ofl fields. He also shows the enormous capital that has» been and is being expended throughout the state in this great industrial enter- prise. A tribute to Casper as “the prize baby of Wyoming” is made by the au- thor of the article, who says somo things that perhaps even those who live here never thought of before. Two cuts illustrate the story. Ono of these is a battery of stills at the Standard. The other is of the Ka- soming home camp at Salt Creek. The author of the article is well) known as an experienced geologist and oil man and as a talented writer. Liv-| ing in.Casper as he does, Mr. Taylor) keeps in constant touch with oil oper- ations throughout the state. aes Reset oh BOTTON MART ACTIVE, HIGH RECORD 1S. SET NEW YORK, June 9.—Another new high.record for the season was made) today in the cotton market when Oc- tober contracts touched 2.217, an ad- vance of 64 points over yesterday's closing quotations. The market generally showed re- newed strength and activity, owing to) continued unsettled weather in the| | south, with more numerous complaints ana} prespects of damage by boll weevils. Cow Red Wyo Guich Elkhorn . Cpastal Kinney Coastal ....-- Lance Creek Royalty Mike Henry Mountain & Gulf Outwest . Bank Tex Western Oil Fields Western States — ¥ on NEW YOrrx CURB CLOSING. Mountain Producers Merritt Glenrock Oil Salt Creek Prds Salt Creek Con: Prod. and Refrs. Marine Oil Mutual 8. 0. y Cities Service Fensland Ind! sion of Noel L. trum Thursday. member of the Caffey and company, which was de- clared’ insolvent May 9. o Conosolidated Royaity 1 Ae Capital Pete Five Tribes Pet. Co. Picardy ..... Riverton Refg. Royalty & Producers Sunset Tom ‘Bell Royalty Western Exploration Wind River Refg. . United Pete . Wyo-Kans N. Y. Exchange Member Ousted NEW YORK, June 9,—The expul- Carpender from mem- bership of the New York Stock change was announced from the ros: He was the floor Carpender, firm of Michigan has nearly 12,000 tool- makers, which is more than any other state. -$ 16.50 $ i648 ex-| 3. fhe Casper Dalip Cridune QULS HEAVIER « (PORTABLE REFINERY PATENTS IPPLED FOR BY OWN. Y. GHANGE Many Extreme Declines Re- corded in Stock Market, Offerings Grow NEW YORK, June $—Selling pre- ‘ure, partly of an enforced character, iffected many extreme declines of 1 to 3 points tn the stock market today. 02% | Sales approximated 950,000 shares. Investment rails, including Union Pacific and Rea/inz, were moderately urgettied in the more general celling offering of the last hour, when oils, shippings and steo's extended previous declines. The closing was heavy. NEW YORK, June 8.—Buying and selling orders in the stock market seemed to be quite evenly balanced at the irregular changes, aside from American Sugar which gained 1 point. was speculative or selected specialties. Rails, steels, equipments and motors were fractionally higher or lower, oils showing a firm tone. Prospects of easy money over the week end added moderately to the activity of the early dealings. Foreign exchanges, con- tinued to react to latest developments in the German reparations situation. Mexican bonds again weakened, the fours declining 2 points nd the fives 1% points. The 3 per cent opening rate for cal money evidently offered little incen- tive to tfaders on either side of the market. Business during the morn- ing was very light and the more sub- stantial changes were confined to ob- scure issues. Among these were Du Pont debentures, Remington Type- writer, Fairbanks, Mallinson, Sterling Products and United Drug, gaining one to almost three points. Domestic oils, Sinclair and Marland Although domestic business condi tion: ican Petroleum were depressed sharp: ly. Meantime Marland Oil touched 45, Sugar, American Ice, New York Dock, Pierce Arrow common and preferred and Atlantic Gulf improved one to two and a half points. Money. | NEW YORK, June 9—Call money easy; high 3. low 3; ruling rate 3 closing bid 3; offered at 3%; last Time loanseasier; days 4%; six months 4%; cantile paper 4@4%. Silver. silver 71%c; Mexican dollars (}c. Money. these excepted, became reactionary and the so-called merger steels were subject- ga to fresh selling pressure. Moderate Offerings of Canadian Pacific outland preferred and Norfolk and Southern caused irregularity among the rails. continued to reflect improvement and money for speculative purposes is available at the lowest rates in years, the course of the market indicates a growing bear centiment among the professionals. Bullish activity in se- lected stocks was offset by steady sell- ing elsewhere. Low priced ral.roads, the coppers, General Asphalt and Mex- a gain of 3 points and a new high fig- ure for the year. South Porto Rico Joan 3; cal} loans against acceptances 60 days 4- 90 prime mer- NEW YORK, June 9.—Foreign bar London i LONDON, June fe “silver 35%d ported. ‘ FRIDAY, JUNE 9, 1922 TEXAN DAY, Jt WOMAN ROBBER HELD. LOS ANGELES, Cal., June 9 —, @| Hell of Chicago is held in the p IPERATIONS IN NEW FILS SAM OF NEM INVENTION 22S upon advices from Chicago, sno is reperted suspected of In fashionable residences after obs, ing employment as @ maid. si, DALLAS, ‘Texas, June $.—Designs | pounds. Special six-wheel trucks are for a plant for the manufacture of] provided, making #t possible to nese gasoline. kerosene, naptha, gas oils) 11:5 the sharpest railroad CUTVES'.. tne purchase of crude oll for leaving ths tracks. will be small amounts ¢ the former wife of & wealthy q cagoan. the plan of T. W. Sowell, inventor of the new refinery, and his associates to rush the plant to the field, lay a few hundred feet of switch tracks, connect up the various units of the refinery, and begin operations. All new oil fields, practically, are without pipeline facilities for marketing the crude and the portable refinery will enable its owners to take the flush output of the new field at low cost and an enormous saving in freigh¢ rates over the present plan of ship- ping the crude from the new fields to distant refineries in tank cars. The portable refinery can go to the loca- tion of the oil, just as the thresher goes Into the wheat fields, instead of having the oil transported to it at great expense. When the field has been exhausted and it is decided to go to a new location, there is nothing to do but disconnect the pipes, load up the connections and the fabridated tanks, and go ahead. Nothing what- ever is lost and the thn« required is from 36 to 48 hours unt/l the plant is rolling to a new field. In the case of a stationary plant engineers de clare that only from 15 to 20 per cent of the plant can be salvaged. To erect the stationary refinery or skimming plant requires from six to eight ysonths and an expenditure of from $200,000 to $350,000. To lay pipe- lines and erect pumping stations re- quires even more, so that in new fields it is expected the only compe- tition the portable refinery will have Better Safe Than Sorry YOU CAN BE Lubricating Oil Is Sold by the Satisfaction It Renders and Not by the Gallon, Thirty Miles Without Oil In Crank Case place to place on any railroad and set up and eration in from three have been completed by of Sowell Brothe-s of this applications for basic patent new plant, called the portable re ery, have been filed in the patent of- fice at Washington. Construction of their first plant, which will have a capacity of 4,000 barrels of crude oil per day, is now under way in the East Chicago plant of the Graver corpora: tion and will be ready for operation in about 60 days. ‘The refinery is not essentially dif- ferent in its plan of operation from any other refinery and has all the advantages and labor saving devices of the modern, stationery plant, with the added advantagedus feature of mobility and the ease with which it can be connected up and operations begun. Construction of the refinery follows the lines of the best engineer- ing practice with reference to sta- tionary plants and will last as long. according to engineers and experi. enced refinery zaen who have exam- ined the plan, as any ordinary plant erected on permanent or stationary foundations. Tho plant is built on specially con: structed 65 feet steel flat cars de signed to carry a load of 110,000 Surveying and Location; Geologists Oil Expert Oil Field Maps, Blue Print; WYOMING MAP AND BLUE PRINT CO. P. O. Box 325 Room 10, Daly Bldg. ‘ BARGAINS IN REBUILT Underwoods, Remingtons, L, C. Smiths, Royals. Repairs and Supplies. Typewriters for Rent. CASPER TYPEWRITER EXCHANGE 230 E. 2nd St. Phone 856 ANTE! buse wor! mball. per ounce; money 1% per cent. Dis count rates, short bills 2 5-16 per cent; three months bills 2% to 2 7-16 per cent. Foreign Exchange, Easier. NEW YORK, Juhe 9—Great Brit- iin demand 4.49%; cables 4.49%; 60 day bills on banks 4.47%. France demand 9.08; cables 9.08%. Italy demand 5.15; cables 5.15%. Belgium demand 8.39%. cables 8.40. Germany demand .34%; cables .34%. Holland demand 39.02; cables 39.07. Norway demand 17.60. Sweden demand 26.03. Denmark demand 21.98. Switzerland demand 19.15. Spain demand 15.80. Greece demand 4.20. Poland de-and .92%. Czecho-Slovakia demand 1.93. a 50. Brea demand 1413. rt Copy of it oases AFFIDAVIT STATE OF WYOMING ) ) ss, COUNTY OF NATRONA) ‘We, J. E. Dundon, proprietor of the Second Street Service Station, 150 South McKinley street, Casper, Wyoming, and C. A. Dundon, each being duly sworn, state that on the 2lst day of May, 1922, after having driven a Dodge Coupe, Model 21, for 100 miles using Mo-Grite Oil in crank case, we then completely drained the crank case of ALI, OIL. We then drove 15 miles out on Yellow- stone Highway and return, a total distance of thirty miles, at an average speed of 20 miles per hour. The trip was made in one continuous run, witho: loss of power. We put on a Boyce motor meter and aid, Sot eho a heat above the summer average, and at the conclusion of the ff trip the car from all appearances could have at least doubled such performance without damage to the motor or any unusual heating. Signed— J. E. DUNDON, Cc. A. DUNDON. NEW YORK, June 9%—Copper nteady; electrolytic spot and futures 13% to 14e. Tin easy; spot and nearby 31.87. prices unchanged. spot 5.75 to 6.00. East St. Louis spot and nearby delivery 5..0 to 5.42. Antimony spot 5.25 to 5.50. Roc esrom ation Wyo. Ss " NEW YORK, Jun® 9.—Sugar futures closed easy; approximate sales 51,850 tons. No chaages were reported in re- fined sugar with fine granulated listed at 5.80 to 6.00 with a good inquiry re- PORT 892. yAct Subscribed and sworn to before me this 8th day of June 1922, oe WILLIAM J. WEHRLI, Notary Public a) (SEAT) My Commission expires March 31, 1925. Cae nt by Ces ay? tyes , 2 ROg onion eae oBeA os OR! Saas ar 2 ANG iy “We'd been thru on time if you had gotten us a Swan” (Driller) “What held us u reamed Seed on us usin; we have had a heck of a time fishing for them. If allowed us to rent a Swan Undertearey which Sarena its lugs this well would have been shot long (Producing Company’: 's Superintendent) “Why not buy Jim a Swan?” (Drilling Contractor) “Tl Swan Patented Underreamer THE TOOL THAT ens ‘ 8 Scat lores no cutters im the hole. shoulder on which to set pipe and reams a perfectly straight hole. knots or lumps are left on the wall. u : slog Ne and at a less cost than any, other on the market. supply you, Ask us for a copy of the very instructive booklet shown above. Shops AUGUSTA, KAS. MACHINE COMPANY BRANCH STORES: Tulsa, Tonkawa, Shidler, Ok.; Ft. Worth, Ranger, South Bend, Texas; Augusta, El Dorado, Florence, Kas. After July 1st the general offices #Ad shops will be located in our new Plantiat Wichita, Kansas. - ‘A Better a Sa Oil at the Acai Price Mo-Grite Oil Sales Agency Market Street Rear of Arkeon Building MoGi" We do not advocate * driving without oil but should you run ball zeae not . 3 ‘ear wi ite . ‘Ask for This crank casaa aren ASK FOR IT LOANS 3% LOANS Can You Imagine 3 Per Cent Money? You'll be surprised how easy the you have longed t built under our ples! io ovins Gat Pe We Will Be Glad to 1 3 Per Cent igg Os United Home Builders Association Suite 206 Becklinger Bldg. y +, Phone 1830 ip? Tt was that fool under- g. It dropped its lugs and never drops ago.” order one tonight.” NEVER FAILS It leaves a smooth levet It will do underreaming better Your dealer can Building Materials mre. Weare eae with fhe stock to — your wants in high grade lumber and build- ers’ supplies. ~ Rig timbers a specialty. KEITH LUMBER CO. Phone 3 Star, Breckenridge,