Casper Daily Tribune Newspaper, June 15, 1922, Page 8

, wy th “Pere eE ees LORS SE EE RAE a TE MT ET LS ETI. AIT EY ET” PAGE EIGHT NAAKET GOSSIP AND FELD NEWS) se BILLIE CREEK TEST GEMENTING = The Billie creek structure, 60 miles north of Salt Creek in Johnson county, is the scene of drilling operations under the joint auspices of the Consolidated Royalty, the Carter and the Western Exploration companies. This wildcat well is now shut down fora period of two weeks while the cement seiz depth of 2,200 feet. HEAT PRICES GIVEN SETBAGK Better Crop Conditions and Lack of Export Demand Are Factors. CHICAGO, June 15.—Forecs cooler weather tn the southy wheat prices downward tod. brief display of strength at the open ing. Initial gains were due to con around the 10-inch pipe at a The most important wild cat well now being drilled In Wyoming for the discovery of light oi! is the way that this well is characterized by a promi- at official of one of the companies erned in the operations, Five sands will be penetrated by this test well, which likety will reach the depth of 4,200 feet before being cOmpleted. ‘The first Wall creek sand will be hi at approximately 3,000 feet, the second at 3,400; then will come the thin and relatively unimportant first Muddy sand, which will be fol- lowed by the second Muddy sand at 3,800. The Dakota sand is expected to be found clase to 4,200 feet. At Billie creek the operating and leasing companies have control of be tween 5,000 and 6,000 acres of land, 8 a 500-foot closure on the lation on the prospects of this wild tinued unfavorable crop conditions for winter wheat but prospects for cooler temperature acted quickly as more than an offset. Good rains in the spring crop belt counted also as a bearish factor. The opening, which ranged from %c %c higher with July $1.12% to $1, and September $1.13% to $1.13% wa followed by slight further gains and then by a setback all around to well below yestertay’s finish. Subsequently, lack of export de. mand and of sustained buying of fu tures led to a further eetback in values, The clom was unsettled, 1%c to 2%c net lower, with July $1.09% to $1.09% and September $1.11 to $1.11%. Corn foNowed the changes !n wheat after opening “%c off to 14\c advance, July 62%c to 62%e, and the market underwent a general mg. ‘The corn market was later depressed to an additional extent by a break in oat prices to the lowest level yet this season. The close was nervous, %c to 1%ec net lower, with July 61% Unfavorable crop reports gave strength to the oats market, which opened %ce@%e to %e higher, July 35% to 35% and later scored slight aditional gains before beginning to react. Provisions were firmer in line ‘with tha hog market. Closing Quotations. Oper! High. Low. Close. 12% 1.12% 1.08% 1.09% 13% 1.13% 1.10% 1.11 18% 1.16% 113% 1 14% 62% 62% 60% 61% 65% (65% .64 64% 65% 66 63% 64% 33% 33% 25% 36% 38% 38% 40 11.40 70 11.70 12.2 12.05 Butter, Eges, Poultry. CBICAGO, June 15.—Butter higher: extras 35%c; firsts 30%4%@ 28@29%c; standards creamery 34c; seconds 35%e. 19,412 Eges unchanged; receipts cases, Poultry—Altve, higher; fowls, broilers 82@40c; 22c: roosters 14c. at would be idle, ofl men are par. ticularly interested in the outcome. ould it come in a good producer it 1 materialiy strength the conten- tion of many eminent geologists that the entire mountain range from Can- ada to South America {s rich in pe- troleum, Union-Sunset Wall in Of. A. A. Spaugh, president of the Sun- set Of1 company at Manville, Wyo., an- ances that a well belonging to the company oh the southwest 1 of section 32-36-65, Lance Creek field, had been completed with an initial production of 509 barrels per day. This well is larger than was ex- pected and pierced the producing sand at 2,878 feet. about 80 feet higher on the structure than the nearest prow ducer, four locations to the east. The company announced that the new well proved up approximately 480 acres more land than has heretofore been considered productive. The f-unset Oil company has leases on approximately 6,000 acres of land along Little Lightning creek, located in the extreme portion of the Lance Creek field Two additional wells wiN be started immediately on locations close to the new producer. Western Of] Fields Elects. At a meeting of the board of direc: tors of the Western Oil Fields com- pany resignations of five members Were presented and accepted, and S H. Keoughan, O. H. Williams, J. D. Cook, H. P, Ferrie and James G. Stan- were elected to fill the vacancies used by the resignations. The International Trust company has been designated by the Boston- Wyoming Oif company as the deposi- tory for the stockhoklers of Boston- Wyoming who may desire to exchange their stock for that of Mutual Oil company on the basis of exchange heretofore agreed to by the majority of the stockholders of Boston-Wyo- ming; and the Denver National bank of Denver has been designated by the stockholders of Western Of Fields corporation as the depository for stock: holders of the Western Of Fields who may desire to exchange theif stock for that of Mutual Oil company on a basis heretofore agreed to by the ma- jority of the stockholders of Western Ol Fields. The Mutual Oil company has ar- ranged with the Denver National bank to act as cotransfer agent and the American American Anaconda Atchison Atl, Guit Baldwin Locomotive Balttmore and Ohio Bethlehem Steel “B Canadian Pacific Central Leather . Chandler Motors . Chesapeake and Ohio . Chicago, Mil and St. Panui - Chicego, R. I. and Pac. . Chino Fuel and Iron . Crucible Stee! Famous Player Lasky ex div. General Asphalt . General Electric General Motors Goodrich Co. .... Great Northern Pra Iilinois Central Inspiration Copp. International Harvest Int. Mer Marine pfa. . International Paper Invincible Ol ..... Kelly Springifield Tire Kennecott iiaoess Loutsville and Nashville Mexican Petroleum ex div . Miami 1 Middle S Midvale Steel ... Missouri Pacific New York Central .. N. Y., N. H., and Hartford - Norfolk and Western Northern Pacific ... Oklahoma Prod. an Pacific O01 Pan Americz Pennsytvenia People’s Gas Pure Oil ... Ray Consolidated Co; Reading ...... ts Rep. Iron and Steel Royal Dutch, N. ¥. . Sears Roebuck Sinclair Con Oil . Southern Pacific Southern Railway |seatak On_of N. J. 27% 106% pper Studebaker Corporation Tennesse Copper . Texas Co. ...... Texas and Pacific Tobacco Products - ‘Transcontinental Oj1 Union Pacific i United Retail Stores . U. 8. Ind. Alcohol . United States Rubber United States Steei Utah Copper ..... Westinghouse Electric Willys Overland .............. American Zinc, Lead and Sm. Butte and Superior Cala. Petroleum Montana Power hattuck Arizona at Northern Ore International Trust company as co- registrar for the purpose of enabling those who desire to make exchanges ° ftheir stock for that of Mutual to get Immediate transfer of their stock without being put to the annoyance of having to send their stock to New York for transfer. The opportunity for erchange of Boston-Wyoming and Western Oil Fields for Mutual will expire Jun 30. More than a majority of the stock- holders of both Boston-Wyoming and Western Oil Fields have clready de- posited their stock for exchange for Mutual. Con Royalty Prospects Bright. That the Consolidated Royalty Oil company will profit from an ambitious drilling program for the summer is in- dicated by reports from the scenes of their operations. At Salt Creek the Carter Qil com- be Casper 16 02 49 45 204 204 102 35 New York Oi 31.00 Mike Henry 04 Mountain & Gulf . 1.03 New York OD 33.00 Outwest . OL Red Bank : 21 Five Tribes Pet. Go. . .50 55 Picardy .. . 03 04 Riverton Refg. .-.--- 00% “01 Royalty & Producer.. (10% 11% Sunset’ .......--+ . OF 8 Tom Bell Royalty . os Western Exploration . 2.90 3.00 Wind River Refs. ou 02 United Pete . 03 04 Wyo-Kans WyoTex .. Western Oil Western Stat ¥ on Mountain Producers .§ — Merritt sa Tat 3 c 7 Glenrock ee 13.76 10.25 Cosden ...- Tess 46.00 Prod. and Refrs. .. #00 Maring eee 0. Indiana. 108.25 ‘ities Service Com. .. 225.00 Fensland 18.26 LIB! First 4%s .- Second 4438 Third 4%s Fourth 4%s Victory 4%s | Crude Market | Lance Creck Hamilton Dome Rock River Salt Creek Big Muddy Mule Creek ... peep e BSssssss y, drilling for the Consolidated Roy- uty and Western Exploration com- Panies, has three strings of tools in operation on the southwest quarter of 5-39-78, known as the C. B. Richard- son farm. In addition, one other rig is being built and immediately fol- lowing its completion will be spudded in. Steel derricks are used by the Carter in their operations and the workmen of the company move the derricks from one location to the next as a well is finished, Following is a report of the wells now being drilled: Number 2, setting 10inch pipe at 1,900 feet; Number 3, cemented off first Wall Creek sand at 2,050 feot, shut down walting for ce- ment to set. Number 4, setting 12-inch at 80 feet; Number 5, rig being built. ———_—_ The wedding cake, stil cut by the bride, is one of the oldest marriage customs. Tho taking of food or drink together by the bridegroom and bride was always the principal, and some- times the only, ceremony among prim- | itive people, and this is still the case| in many parts of the world. % PATRONIZE . Mills Merchants UT VOL. 1 MILLS, WYO. JUNE 8, 1922 NO. 19 Dog Tax Due. Sanday’s Baseball Game. Kerk (Walters, town marsha, 44 making the rounds of Mills, collecting dog taxes apd rounding up stray dogs, of which th@re seem to be a good num ber. The council has reduced the tax from ten gollars to two dollars, male or fanale. Two weeks grace will be given, after which time Mr. Walters will take the necessary action on the untaxed dogs. This two dollars tax covers the Mills fiscal year ending May 31, 1923. Mrs. Emma Plunkett and children of Oconto, Neb., are visiting with her brother. Ray Gilbert. Unus: ES H A and pans of this excellent ware. Here is your opportunity size Aluminum Ware Utensils, day the 20th. 10-quart Dish Pans. 2-quart Pudding Pans. 6-cup Percolators 7-quart Tea Kettle: JOHN S. M’KNIGHT HARDWARE AND FURNITURE PAINTS, OIL ie Aiminumiere Values! ual Money-Saving Opportunity Every housewife knows of the superiority of Aluminum ware and has a longing to sump day fully equip her kitcken with pots to needed 50 low as to appeal to every thrifty housewife. The baseball game between Mills and North Casper Sunday resulted as follow: Official score— REE. Mills —_--_----.010-017 001--10 21 4 North Casper 111 110 004— 9 10 4 Batteries—Hustad Finch and Petroe. and Winkes; Miss Bernadine Banse returned last Wednesday evening from Greybull, Wyo., where she has been attending high school. Miss Banse .will spend the summer with her parents, Mr. and Mrs. L. P. Banse, returning to Grey- bull this fall Aluminum. without doubt, makes the most popular kichen utensils. They brighten up the kitchen —so easy to keep clean and shining. They are both — serviceable and sanitary be cause they do not chip nor rust. Secure several different large in every home, at a price Sale starts Tues- AND GLASS A Big Boy. Early yesterday morning Mr. and Mrs. Elmer Craig became the proud parents of a nine and one-half pound baby boy. C. H. Bulson and Bilbert Bulson spent Sunday in Salt Creek visiting relatives. Mrs. Otto Van Cleave, with her three children, arrived last Wednesday night from Albuquerque, N. M., for an extended visit wit her mother and brother, Mrs. E. M. Royle and G. E. Boyle. Mrs. Worth and daughters of Cas- per spent Saturday with Mrs. C. H. Bulson. Mr. and Mrs. Ira Kidd left Sunday for thetr homestead which is located about 15 miles out on the Yellowstone. highway. H. B. Brakebill left Monday after- toon for Sweetwater, Tenn., where he was called by the death of his father Gilbert Brakebill. John King of Greybull, Wyo., ar- rived last Wednesday evening for a short visit with his sister, Mrs. L. P. Banse, before going on to Salt Creek where he has a position awaiting him. Mrs. R. E. Robertson has been quite iN with the flu and under the care of a nurse, but at latest reports her con- tion was much improved. Mr, and Mrs. Omar Baker motored to the camping grounds at Box Elder, Wyo., late Saturday evening, return- ing Monday afternoon. The trip was made with the expectation of catch- ing a big string of fish but Mr. Baker was seized with a severe attack of lumbago before this was accomplished, necessitating their return empty- handed. Mike Mikels and Tony Stoltz start i their car last Tuesday morning. Presbyterian Church. Sunday school hour 10:30 to 11:30 a.m. Evening services at 8 p. m. Everyone invited to attend. The chil- dren's day program given last Sun- day evening was quite a success and very well attended. The contest for Sunday school attendance will end with this month. So far the Red side, captained by Mrs. Dorothy Bohrman, is ahead. This activity has resulted in the average attendance of 108 Sun- dy school pupils and it is hoped to make this 125 or more by the end of the contest. Three carloads of plenickers left) Mills early Sunday morning to spend the day at that popular spot on the Aleova road. A bounteous lunch was, taken along which was much enjoyed by them all at midday. The return trip was made at 7 in the evening. The party included Mr. and Mrs. Drollin- ger. Mr. and Mrs. Shapland; Mr. and Mrs. Twite; Mr. and Mrs. 3 Mr. and Mrs. Murdock, besides the children belonging to the various fam- } lies, Mr, and Mrs. E. J. Morris arrived last week from Benudj,.Minn. They expect to make Mills their future home. Mr. Morris is a brother of Mrs. Harry Dailey. Miss Nellie Brown returned Sunday evening from Cheyenne, Wro., where she has been attending school. She will spend the summer with her moth- er, Mrs. Charles McClurg. Mr. and Mrs. Ray Gilbert and fam- ly spent Sunday with Mr. Gitbert’s mother, Mrs. H. A. Lyons of Casper, Mrs. Jack Pendleton and baby re-| turned last Tuesday evening from North Dakota where they had been visiting relatives. James Gallinger spent several days ed overland for the Pacific coast in|in Kaycee, Wyo., last week looking Latter business interests. Daily Cridune as follows: LIQUIDATION IN MART CONTINUES Shippings, Oil and_ Motors Among Stocks Suffering Reaction Today. NEW YORK, June 15.—Reeurrence of last week's selling unsettled today's stock market. Severe losses were su: fained by shippings, oils, motors, equipments and independent. steels. Sales approximated 1,450,000 shares. Mercantile Marine preferred, Stan- dard ON of New Jersey, Studebaker, Crucible, American Car and some of the rails showed extreme losses of 3 to 7% points before moderate ral- lies set in. The closing was heavy, NEW YORK, June 15.—Renewed covering of short contracts was prom- ised at the opening of today’s stock market by the unexpected reduction of the Bank of Eng‘and discount rate. Studebaker was again the most con- spicuous feature, 3,000 shares chang- ing hands at an extreme advance of one point. Mexican Petroleum, Coca Cola, Mack Trucks and several of the junior rails, including New York, Chicago and St. Louis, and Peoria and Eastern, also strengthened. Mercan- tile Marine preferred was the only weak issue, making a further decline of 1% points on the unfavorable out- look fur the shipping trade. Oils and some of the tractions and utilities, including [Brooklyn ‘Rapid Transit, Manhattan Elevated, Third Avenue and Pacific Gas and Electric retained the better part of their early gains. Inactive specialties, such as American Writing Paper preferred. American Agricultural and General Cigar also strengthened. Selling of shippings continued however, Jater ex- tending to equipments, motor special- ties and miscellaneous shares. Mer- cantile Marine preferred lost almost three points and the common 1% points, Rails held firm on moderate trading, St. Louis and San Francisco preferred, Atchison and Rutland pre- ferred gaining 1 to 1% points. Before noon the market became unsettled on heavy selling of Mexican Petroleum and Studebaker. Call money opened at 3% per ecrt. ‘The seondary reaction which pro- fesional interests have been predict- ing apparently came to pass after midday when the market declined pre- cipitately wnder flood of selling or- ders, Few of the active industrials escaped losses of two or more points, with the recessions quite acute in a number of instances. American pre- ferred slumped in « number of in- stances. Marine preferred slumped 6%, Gulf Steel 5, Davison Chemical 4%, Standard Oil of New Jersey 4%, Famous Players 4 and Crucible Steel, American International and Atlantic Gulf 3 to 3% points. Investment rail- roads were comparatively well sup- 8 much as a point, Sugar. NEW YORK, June 15.—Sugar fu- tures closed firm; approximate sales 23,009 tons. July $2.90; Sept. 3.12. Dec. $3.23; March $3.20. Refined sug- ar inquiry good with fine granulated $5.80 to 6.00. Silver, NEW YORK, June 15.—Foreign bar silver 71%; Mexican doMars 65. London Money. LONDON, June 15.—Rar silver 36%4d per ounce; money 1% per cent; discount rates, short bills 2 5-16 per cent; three month bills 2% @7-16 per cent. Foreign Exchange Irregular. NEW YORK, June 15.—Great Bri- tain demand 4.47%; cables 4.47%; 60- day bis on banks 4.45%. France de- mand 8.82%; cables 8.83. Italy de- mand 5.06%; cablés 5.07. Belgium de- cables 8.28%. Germany cables 32%. Holland de- cables 38.92. Norway de- Sweden demand 25.90; 21.75. Switzerland Spain demand 15.75. mand 17.15; Denmark demand demand 19.06; Greece demand 3.97; Poland demand .02%; Czecho-Slofakia demand 1.93; Argentine demand 33.50; Brazil de- mand 14; Montreal 99 5-32. Money. NEW YORK, June 15.—Call money easier; high 3%; low 3%; ruling rate 3%; closing bid 3%; offered at 4; Inst loan 3%; call loans against accept- nces 3. Tim loans steady; 60 days 90 days 4; six months 4%; prime mercantile paper 4@4%. Metals. NEW YORK, June 15.—Copper steady; electrolytic spot and futures 13%@14. Tin firmer; spot and tu- tures 31.37. Iron steady; prices w changed. Lead steady; spot 5.75@: Zine quiet; East St Louis spot and nearby delivery 5.42; antimony spot 5.12@5.37. ‘ So ets Petatoes. CHICAGO, June 15.—Potatoes weak. receipts 69 cars; total United States shipments 1,095; Louisiana, Oklahoma, Mississippi, Teras sacked Bliss Tri- umphs No. 1, $3.05@3.65 cwt.; Aia- bama sacked Spaulding Rose No. 1, $2.75@3.00 cwt; Alabama sacked Bliss "Triumphs No. 1, $3.50@3.65 cwt.; North Carolina Irish Cobblers slat barrels No. 1, $5.75@6.00. poorer grade $4.50@ $5.50; Norfolk Irish Cobblers stave bar- rels No. 1, $6.25@6.50; Virginia east- ern shore Irish Cobblers stave bar- rels No. 1, $6.75@7.00. Old stock about steady; Wisconsin, Michigan sacked round whitees $1.85@2.00 cwt ported, only a few issues giving wayj The Midwest and associated companies have added over 2,500 barrels of new production to the Sait Creek field by well completions during the last two weeks, all drilled by the former as part of an intensive development campaign. Nine new producers are listed for the two weeks’ period with wells, lease owners, location, depth and initial flow reported No, 13-4, northeast of section 22-40-79, Wyoming Associated, 2,317 feet, 200 barrels. No. 1-A, northwest of section 13-40-79, Midwest, 2,154 feet, 960 bar.) rels. No. 12-4 rels. No. 27-40-79, Wyoming Associated, feet, 435 barrels. | No, 38.4. southwest of wnctien| mi 36-A, northwest of |, Midwest, 2,440 feet, 26-40-79, Wyoming Associated, feet, 380 barrels, 19-A, northwest of section Wyoming Associated, 2,185 No. of section 13-40-79, Mountain & Gulf, 1.950 fect, 381 barrels. No. 36-A, southwest of section 34-40-79, Boston-Wyoming, 2,410 feet, to be, shot. | No. 6-A, northeast of section 13-39-79, Salt Creek Consolidated, 2,420 feet, 75/7 | barrels. POTATO MART IS IRREGULAR Demands and Movement Are Limited, Bureau of Mar- kets Reports. CHICAGO, June 15.—The potato markets the past week were irregu- lar and generally weaker, acording to reports by the United States bureau of markets and crop estimates, De- mands und movenient were limited, North and South Carolina cobblers advanced during the week in leading markets to the season's highest point of $6 to $8 per barrel, but declined to a close of $5.25 to $6. Prices in Bal- timore declined steadily to $4.50 and $5.25. Virginia eastern shore cobblers advanced to $7 and $7.50 in eastern cities but closed weak in most mar- kets at $5.50 to $6.59 and ranged from $7 to $7.25 in Boston and Chicago. Cobbers were weaker at shipping points.» Supplies of good peaches were limited in leading cities. Markets were firm for good stock. Georgia Carmans, Early Rose and Dixie Queens up $1 to $1.26 at $2.75 to $3.75 per six basket carriers. Carmans were strong in Boston at $4 to $4.50.| Hileys were strong in New York at $4.50 to $5. Carmans and Hileys ranged from $2,25 to $2.50 in produc- ing sections. California cantaloupes, salmon tints, advanced in wholesale markets June 12 to a range of $7.50 to $12 per standard crate and declined to a close of $6.50 to $9 June 14, pritbieiih tb hibhe Livestock M. CHICAGO, June 15.—Cattle, recetpts 11,000; steers generally steady; year!- ing and grassy stuff slow; early top steers $9.75; bulk $8.35@9.15. she stock bulls and stockers about steady; veal calves weak fo lower; bulk bologna bulls around 34.75; fat she stock $5.50 @7.25; canners and cutters largely $3.25@4.00. bidding around $9.00, most- ly for veal calves. Hogs, receipts 29,000; market active, strong to 10c higher than the close, or steady to strong with Wednesday's average; top $10.75; hulk $10.10@ 10.65; pigs about steady, mostly $9.75 @10.25; big packers bidding lower on mixed grades. heavy $10.35@10.50; medium $10.45@10.70; ght $10.65@ 10.70; light light $10.35@10.65; pack ing sows, smooth $9.30@10.01 pack- ing sows, rough $9.00@9.35; killing) pigs $9.50@10.50. Sheep, receipts 15,000. extremely ull; practically no early sales; senti- ment on lambs sharply lower; few. good natives sold 12.50; best light fat ewes quotable $6.00@6.50; no demand) for heavies.., Effective today, new crop lambs classified as lambs, and lambs drop- ped in the spring of 1921 as yearlings. Omaha Quotations. OMAHA, Neb., June 15.—(United States Bureau of Markets.)—Hogs, re- ceipts 14,000; early sales, good butch- ers 5 to 10c higher; generally & to 15c lower than yesterday's average, bulk! 180 to 250 pound butchers $10.25@ 10.40; top $10.40; bulk 260 to 325 pound butchers $9.90@10.20; packing grades $9.00@9.75. Cattle, receipts 6,000. beef steers, un- even; better grades steady to strong; medium grades and yearlings mostly 10 to 25c lower; yearlfhgs off most; top beeves $9.30; she stuff weak to 15¢ lower. bulls dull; veals weak to 50c lower; stockers and feeders unchanged! Sheep receipts 4,500; all classes 25 to 50c lower; top lambs $12.75; yearl- ings $10.90; ewns $4.50 down. few feed- ers sold. ~ Effective June 15, all lambs dropped in spring of previous year btlass as yearlings and those current | year, lambs. Denver Prices. DENVER, Colo., June 15.—Cattle— : a 1935 eeu 103% loAm. Oil, 746! Sug, Red. 1937. 100% 100% G Tosa, 1924 181% 101% 11 100 107% % 98% 4 103% 100% 100 91% Valley, 6s, LaBelle, Iron. 97 106 94% ™% 109% 108% 110% 101% 93% 99% 106 102% us 5% 102% Uruguay, &s, 1946 .. ‘ Vir. Ry., 5s, 1962 U. Tel. & Tel., 5s, 1952 6s, 194: U. B, & P. BIG OIL LAND DEAL IS CLOSED Standard of Indiana Buys Holdings on the Kevin | Dome, Report. ~ GREAT FALLS, Mont., June 15.— ‘What is claimed to be the largest cash land sale to date In the Kevin oil fields is recorded today by A. S. Palm er, manager of the Calffornia com- pany, Montana branch of the Standard Oll company, in the purchase by that company of 480 acres from Gordon Campbell, lying just north of the Campbell producing discovary well, the Union Depot to the door. in the market to eat. You tain trout from the pool your meal. Neat, clean, a comforts of a real home, and you wil in Denver if you stop at The Alban: 104% | at easier ra 2 th the United jor | tention of so high an official 97% | Tesarded as unwarranted. 90% | Since before the war. MAKE YOUR HOME AT The Albany Hotel WHEN IN DENVER Conveniently located near the heart of the busi- ness and shopping center of the city. Car lines from RATE cur. INDON, June 15—(By The Asso }—The Bank of i Another reason given for the change is that the authorities want to assist the new Indian loan of 12 500,000 pounds sterling which is be. ing floated today, The reduction was welcomed by tho 101% | traders, who felt that coming as it 99% |did, when trade was picking up, it 109% | would considerably assist expansion. The bank rate established by tho Bank of England today is the lowes: It was 3 per cent in January, 1914, and on July 29 of that year stood at 4 per cent. With the outbreak of the war it was ad. vanced to 10 per cent but five days later was reduced to 6 per cent, at which rate it was maintained through the duration of hostilities. In 1929 the rate was raised to 7 per cent. Since then it has been falling steadily Before the war the bank rate was sometimes as low as 2% per cent, at which figure it stood at times in both 1908 and 1909. pave Readiscount Cut Talked. WASHINGTON, June 15.—The Fed- eral Reserve bank of San Francisco has asked the Federal Reserve board for its attitude upon a possible re. duction by the California bank's redis- count rte from 4% to 4 per cent, it .was said today at the treasury. BOMBAY, June 15.—The rate of discount of the Bank of Bombay was reduced to 5 per rent today. CALCUTTA, June 15.—The rate of discount of the Bank of Bengal was reduced to 5 per cent today. ec atmo FIG BUILDING ACTIVITY REPORTED FROM FIELDS Unasual activity prevails in the rig building’ business, according to J. H. Bolner, Casper contractor, who spent yesterday in this city. He is butld- ing standard derrick for A. J. Hard- endorf of the San Juan petroleum com- pany on section 10 at Salt Creek, skid- ding a rig on sevtion 6 from a good yf | price being. understood to, be $105,000/ shale well, encountered at about 1,950 cash and five per cent royalty, and the purchase of 1,000 acres lying fur- ther out in the same field from A. Beardslee for $20,000 cash, $20,000 in one year and five per cent royalty. feet, to a new location for the Staley syndicate, and building a rig and comp 17 miles north of Salt Creek for Charles Beckett, who represents a New Jersey company. Best service. Everything may catch your own moun- in the Italian Garden for iry rooms. In fact, all the il enjoy your visit POPOL SD ODOOOOSE ODO ES909909000000 50 THE PEOPLE MAY KNOW You Know That We Are Headquarters for the Famous U.S. Cartridge Radiator Cores? Do you know that we can repair, recore or rebuild AUTO RADIATOR your radiator at 2 Saying to you of 20 to 40 per cent? Do you know that we are the oldest and largest radiator. establishment in Casper? Drive in and let us solve your radiator problems. ESTIMATES CHEERFULLY GIVEN. “Service Our Motto” SERVICE 221 W. Yellowstone Bert Wellington Phone 1545 Receipts 2,500; market steady, 150, lower; beef steers $7.50@9; cows and heifers $5@8; calves, $6.50@11; bulls $3.50@5.50; stockers and feeders $5.50 @7.40. Hogs — Receipts 2,500; market steady; 10¢ higher; top $10.25; bulk, $9.75@10.10. Sheep—Recelpts 500; market 25c lower; ewes $5@6; spring lambs $12 @12.50, ——_>___ The discovery has been made that rearly all waitresses employed in ho- tels and restaurants are disinclined to. count their tips until the end of the) Gay's work, feeling that if they do, “takings” will fall off. trona Announcement CANDIDATE FOR SHERIFF I take this means to di- date tietie oo announce myself as a can publican nomination for Sheriff of Na- ona County. Subject to the will of the voters at the primary election to be held August 22. E. W. “BUCK” ELDER. A I I c