Casper Daily Tribune Newspaper, June 17, 1922, Page 10

PAGE TEX MARKET GOSSIP AND FELD NEWS| sees American Hide & Leather pfd.. 67% Western States Oil & Land company encountered a heavy | A™erican Lomomotive . er at 1,899 feet in its well No. 7 on section 34-6-32 of the Soap Creek, Mont., field, according to Billings reports. showing of oil had been obtained at a lesser depth. The} and the w 1 be cased o' “ {tial quotatio: er to a like ad values firmed up on scattering buy-| ing, but the trade was held within narrow enthusiasm, | t Valzes, however, showe ness toward the finish ing threshing returns the southwest with black rust damage in ¢ close was firm to. 91.11% and § local bulls streng opening. but the bulge brought out commission house action followed. were tc higher to %4c lower, July The corn market later develor higher to le lower, Oats started unchanged to ic high d/then advanced er, with July Closing Quotations. CHICAGO, Ji 17-—Potatoes very | States shipments southern sacked Spaulding rose long whites $1.70 @ Carolina Irish cobblers Norfolk, section Virginia cobblers stave b: Old stock steady; sacked round whi $2.00 cwt.; North sconsin Michigan s $1.90 @ $2.10 cwt Allicd Chemical & Dye - 61% American International Corp . American Smelting & ¥ A Sugar .. Sumatra 0 American well is located on the extreme east side of the field | American ff for deeper drilling. [run 124nch casing in its test well ~ julf and West Indies” eight miles south of Billings and is| Raltwin raking hole. | Baltimore ; ks wel two miles north | Bethlehem : aad, wel “ys comp! Forks Of t Falls. b was drilled to « 0 feet six years ago, will | Chana Leather ‘3 »i Chandler Moto: ed as a test by the Dry| © oe any, it is reported from | Chesapeake and Ohio . Lance Creek Hopes Raised lacking some announce ch would give it authority © Creek interests are looking to of the Sinclair car- » Teaput dome in Na nty, Wyo., and the Kansas ne as having significance with prospects of their! vey for the is said in operations are Corn Products Crucible Steel ous Players Lasky ral Aspt line pany {s down 950 12%-Inch casing in section 65. Prop-| yy s made for spudding| \ in a new well section 27-36 | Pipe Stringing Near Completion. Central H. and Hartford 7 ing of pipe for the last and Western 10 | te es of the Western Pipe Line Pacific company’s line to Salt Creek will be next week, acconiing to in. m given out this morning at he offices of that company. To date about eight and a half miles have been laid and the ping on rapidly, It is ex that from now on a mile of will be Iaid each day. The! machine is rapidly following the pipe-screwing machine, it being at t only two miles in the rear, _ — ading ». Iron and Stel 1 Dutch prese Southern Railway - — - Standard Oil of N. . 2 ie’ | Jebaker Corporation Miss Wyoming To _ | %2ne=s" cover Attend Kiwanis Tovecce, Producto, Transcontinental Oil Union F 3 Meet in Toronto}: ed Re Ind. Alieshol . d States Kubher CHE NE, Wyo., June 17.—]United States Steei “Miss Wyoming” (Helen Bonham) de-|Utah Copper... parted Friday with the Laramie dele-} Westinghouse Electric = Willys Overland zation of Kiwanians for the interna-| \\) i yinay, 9% tional convention of Kiwanis clubs| Butte and which is to be held at Toronto, Can-| Cala Petrol 1 At the convention, and en rout mtana Power .. will adverti: the Frontier D: Shattuck Arizona 5 * D% e-July 26. nd Great Northern Ore . 3k K Buy 59 62%4 OILS SUFFER HEAVIEST BLOW +. IN MARKET DECLINE OF WEEK NEW YORK, June 17.—Stock market prices broke sharply again this week after several interludes which seemed to justfiy the hope that the preceding week’s decline |had been effectually checked. Later reversals were so dras- tic, however, as to convey the idea that many weak spots yet 2 i ey rates remained relatively easy and bicrlg okie bd lower basis were made on what is com- group, but steels, equipments, motors | Bike lence Pacod inerie " and shippings paid heavy toll, the lat-)D 11” Cow ike continued to reflect pe rotiecting Spams Ne res (oat pee | teaete in higher operating costs, but and waning pects legislation. Secondary or cheap raila| Production ‘of stesl,and iroa, as well also caffcelled much of thelr spring) _.5iq pace set in May and April. Quo- rise. tations for metals shaded slighly, des- Apart from the likelihood of more! pit, further foreign demand for cop- acute labor difficulties with. the ap-|Pu° P proach of the mid-year, industrial and)" 1, the international field the most general business conditions offered n0|inportant event was the reductign of explaination for the addition deprecla-|tn@ Bank of England discount’ rate tion of valuees, which also effected the|t5 tlie iowest figure since January. ‘ieading commodities, notably srains)1914. Advices from Washington g: and cotton. no hint that this section would influ Although brokers loans were matn-jence the present conservative policy ained at the year’ record total, mon-|of tho federal reserve Big Indian”. .......- Boston Wyoming .... Buck Creek ... 4B 428B ete 45% 2 nsolidated “Royalty. 1.26 Capital Pete . . Kinney Coastai so Lance Creek Royalty. .03 03 Ereerre ‘0 a certainty. At this juncture, news o Ne icardy iverton Refg. Mountain Drerritt Ghenrock Oil Sah Creek Prds. Salt Creek Cons. Cosden Prod Marine Fensland ... 37 3a % First 4s ond 4s ond 4%s rd 4iq8 59 | Hamilton’ Gome 93%, | Rock River Salt Creek Big Muddy 4 | Mule Creeic especially among rails, Che Casper Daily Cribune Oil Securities ket went to a point where the ques tion was seriously pressed as tc whether returns were already below L 4 ers, however, were reported as can erererr cr, ¢ celling purchases, and bears were con f tending that a bumper domestic crop of winter wheat appeared to be almos List Rallies Toward Close of Short Session; Mexican Pete Climbs. advances and declines attended today's brief session of the stock exchange. Prices were generally higher at the outset, Mexican3 showing pronounced Basin and Refrs. ae LIBERTY BONDS. approximated 550,000 shares. NEW YORK, June 17.—Signing of the agreement for the payment of the Mexican debt exercised a strong hull tionally in yesterday’s later dealings points but this was increased to 4 points within the first ten minutes ek mtnt 4 and 5 per cent bonds were| $19, silver, 71; Mexican dollars 54%, Foreign Exchange Weak. DURING LAST WEEK: mand 8.66%; cables 8.37. Italy de- cables 4.94. Belgium de- CHICAGO, June 17.—Selling to anticipate much enlarged arrivals of wheat in the southwest, where the harvest is nearly general, has carried prices downward this wee in the market here. Compared with a week ago, ing was % to 414c off, corn 4c lower to varying from 2c decline to a shade advance, at differences which ranged from a] excessive heat in the west and south- setback of 12 to 15¢ to a rise of 2c. west, together with discovery of black Falling of values in the wheat mar | rust northwest, market somewhat. ture ripening of wheat in parts of Kansas, Oklahoma, and Missouri be- roduc British deal > )pecial source of anxiety. secegiyora bag se aipet business which broadened out on the declines in the wheat mar- ket had something of a reassuring in- fluence on holders as the week drew About 2,000,000 bushels were said to have been taken here for Europe during one period of 48 hours. i 5 Mike Henry :..- B4 a Gossip was current that this particu- ountain & Gulf .... lar purchase disposed of the largest ‘ew York Oil single accumulation of wheat which wet was delivered here in May and which wheat this morn- yc higher, oats and provisions tende¢ ‘o rally the ‘Word of prema to a close. has since been acting as a weight on the Chicago market: Corn was dence of con! feeding. ined in price by evi uea rural demand for On the oticr band, supplies made the oats ma:ket sag. Provisions were governed mainly by changes in the price of hogs. sel ath os seal ee NEW YORK, Ime 17.—Confusing Livestock Mart Chicago Quotations. strength off the adjustment of the| CHICAGO, June 17.—(United States external ¢ebt. Profit taking resulte’| Bureau of @Markets)—Cattle receipts in generai reactions during the first] 500; compar hour. Oils, motors and several of the| good and choice ccalers and equipments were undcr| higher; others 15c to™40c lower; with pressure Later the list rallied unéer| uneven decline of 5c to lead of Mexican Petroleum which in|mon yrassy yearlings; week's top beef creased its early advance of 4 points | steers $ There was urgent buying also of in |ary lot beef cows and heifers 15c to dependent steels at gains of 1 to 3/25¢ iower. others mostly grassy 35c to points. The closing was firm. Sales) 75. lower; some plain kinds off more; canners, cutters, stockers an/, 1:eders off; bulls about $1.75 @ $2.25 lovres; weeks bulk prices $8.35 and feeders $6.75 @ $7.50. ish influence over the stock market| heifers $5.25 @ $7.25; canners and cut. at the outset of today’s session. Mex |ters $3.10 @ $4.00; veal calves $9.00 ican Petroleum, which soared sensa|@ $9.75. Hogs receipts 6,000; market opened fully steady with week ago, strickly steers 10c to 15¢ ; best long yearlings $9.65; opened with a further gal nof 1%|firm on better grades; with Friday's best time bulk $10.00 @ $10.75. hold over ligh Pan-American Petroleum rose 2 points}heavy mixed packing grades slow to and Pacific Oil 1%. National Rail |jower; pigs ways of Mexico second pre.v'rred, made| @ $10.25; a fractional gain and Mexiexn govern-| $10.65; medium $10.60 @ $10.75; light 0 @ $10.75; light $10.25 @ $10.70. higher by 1 to 1% points. Elsewhere| packing sows smodth $9.3 5@ $10.00 the trend was unmistakably upward} packing sows rough $38.90 motors and/tining pigs $# steels: Sheep receipts 5,000; practically all direct to packers; ee BUT TER MARKET FIRM waver. compared with week ago. killing clas- NEW YORK, June 17.—Foreign bar}ses lambs mostly $2.00 @ $2.25 yearlings $1.00 @ “$1.25 lowe: 50c lower; closing bulk prices Hiambs $12.00 @ $12.25; NEW YORK, June 17.—Great Bri-|$6.00 @ $7.00; fat yearlings $9.50 @ tain demand 4.43%; cables 4.43%; 60-| $11.00; CHICAGO, June 17.—The wmutter|4ay bills on banks 4.40%. France de-|ewes $2.50 @ $6.00. ket was steady to firm with de- about steady; mostly $9.50 heavy weights $10.40 market nominal; culls native weathers $6100 @ $7.00. Omaha Prices, as other finished materials held at the mands active the past week, accord- ive to the United States Bureau of Markets. Tho bulk of the buying was for consumptive demand although considerable buying for storage oc- curred, over a million pounds daily markets during the past week. Clos- ing prices, 92 score, wére: New York 36c. Philadelphia 36%c; Boston 37¢ and Chicago 35%. as | —Try a classified ad in the Tribune.— mand 5.20%; cables 8.21. demand 30%; cables 30%. Sweden demand 25.75; demand 17.05. Denmark demand 21.53 having moved into storage in the four |Gemand 18.98; Greece demand 4.00; .02%; Czecho-Slovakia demand 1.92; demand 36.12; Brazil Montreal 99%. Spain demand 16.65; Poland demand LONDON, June 17. per ounce. Money 1% per cent. Dis- short bills 2 7-16 per cent; three month bills 2% per cent. count rates, OMAHA, Neb., June 17.—(United States Bureau of Markets)—Hogs re- ceipts $9,000; active strong to 10c higher; good butchers up most. bulk of sales $9.90 @ $10.45. Cattle receipts 100; compared with week ago; better grades strong; heavy weight beeves 10c @ 15c higher; med- jum and light weights weak to 25c lower; yearlings closing at full de- cline. ¢hoice ght heifers stron: others and cows generally steady; bulls weak to 25c lower; veals 50c @ $2.50 lower; stockers and feeders stéady. Sheep receipts none, compared with ‘week ago lambs and yearlings mostly light Mine states: cate. | MINERS DELIGHT GOLD MINES SYNDICATE (Operating Under Declaration of Trust) To Operate the Miners Delight Gold Mine—THE PREMIER GOLD MINE OF WYOMING. _ The famous Homestake Gold Mine of South Dakota has paid over $42,000,000, in cash dividends; their ore bodies average much less than $5.00 per ton; still paying maximum dividends; stock selling at about $70.00 per share. The mining engineer who constructed an important part of the mine equipment for the Homestake made a personal examination of the Miners Delight Mine. He states in his forty years’ experience in gold mining that the Miners Delight mime has the best showing, for huge production and profits, of any gold mine he has ever seen, at the same stage of development. The Wyoming State Geologist after his last official examination of the Miners De- “ENOUGH HAS BEEN SHOWN TO DEMONSTRATE THE EXISTENCE OF SEV- ERAL VEINS AND IT IS ONLY NECESSARY TO PROSECUTE WORK ON THESE VEINS.TO PLACE THE MINE AGAIN IN SHAPE FOR HUGE PRODUCTION.” « The ore bodies in the Miners Delight Mine were thoroughly tested by E. C. Linde- mann, a foremost mining engineer of the past two generations; his tests show a recov- ery of $32.45 per ton gold; further stating that there are several million tons of ore of that value in the mine awaiting production. Z This Syndicate plans to equip and operate the Miners Delight Mine, for an initial production of at least 50 tons per day; production to be increased rapidly. OF VITAL IMPORTANCE IS THE FACT THAT ORE PRODUCTION COST WILL NOT EX- CEED $6.00 per ton; from which can be seen that the profits will be tremendous; in- creasing ore production means a steadily increasing value to the shares of the Syndi- The remainder of the EQUIPMENT FINANCING ISSUE IS NOW OFFERED AT $1.00 Per Share We believe every buyer of shares will make many dollars’ profit, both in aki dends and increase in the value of the shares. Make Checks, Drafts or Money Orders Payable to MINERS DELIGHT GOLD MINES SYNDICATE Ground Floor, Tribune Bldg.—Phone 555 P. O. Box 1042, Casper, Wyoming BANK RESERVES UP. wat] Asai Ana’ tiga. TRS. abt NEW YORK. June 17 jAm- (Sug. Ret Gs, 1937: Pee a. condition of the clearing house banks and trust companies for the week shows that they hold $6: cess of legal requirements. ‘an increase of $42,422,460 from last week. FIVE TRIBES 10 MEET IN FIELD Directors to Inspect New In- land Well and Decide De- velopment Plans. Directors of the Five Tribes. Petro- holdings on which the Inland Oil & Refining company is drilling in a big well. Board members will make the |5.5 Gov. ond, 4i%s, 1925 9 trip in cars and will inspect the new Inland well, which is located some 800 | » feet from a well on which the Five ‘Tribes will resume work Monday and which should be completed this month. Cement is now setting in this well. Prospects for large production in the Inland well increase —< the bit goes} deeper into the sand ano. % consider- able area of new proven ter:‘tory is! added to the fiold by its perform.ce. The well, which is located on section 19-40-78, closely follows the signs en- countered in the Wyokans well on! section 18, the latter having made 500 barrels on completion. $2.00 lower; sheep $1.00@$1.50 lower; feeders $1.00 lower. Denver Prices. DENVER, Colo,, June 1 Receipts 400; market steady; bect steers $7.25@9; cows and Mbifers $5@ 8, Czechoslovak, Ss, 1951 .. Den., 88, 1945 .... | Framerican, [French Gov., leum company Sunday will hold an in-| py, formal meeting on development plans Gt. and other business proceedings on|Gt. Nor.. 7s, their lease at Salt Creek, adjoining} | Jap. Gov. ‘attle—| 100% 1 Con. ‘Coal, 5s, 1950 . Cop. Expt, Ss, 1923 "Copper Expt., 83, 1924 |Copper Expt., $s, 1925 | Cub. Am. Sug., 88, 1932 |Sub. R. R., Tits, 1936 2: 1941 DuP lat, THs, Hock., Valley, LaBel Miss. Pac., 69, 1941 O., Tr, & Lt, 6s, 1947 P. G. N. Jt, 6%s, 1936 Y. Cen., 58, 2013 ... Y. Edl, 6%s, 1941 Pack., 8s, 1931 . Seine, 7s, 1942 . Sin. Crude Oil, 5% Whit-Gless., 6s, 1941 U. Tel. & Tel., 58, 1952 U. B, & P., 6s, 19 Hogs—Receipts 100; marketil higher; top $10.15; bulk $9.90; f Sheep—Receipts none; market) un- 8.25; calves $8@10; bulls $1.50@5.50;changed; lambs $11@12.50; ewes $4.50 stockers and feeders $6@7.85. @5. miles from the Texas line. publication. read NOW IN ITS FIFTH YEAR : Send for Free Sample Copy Today ‘We want you to see with your own eyes a copy of TH OIL ‘WORLD, in independent publication. It gives you late oll news of Mexia and all Texas oil fields, as well as the oll news of Louisiana and Arkansas. It isthe only of] paper published in Louisiana, is the closest oil publication to the active Arkansas oll fields, and only 15 THE OIL WORLD is strictly an independent, accurate fearless Seeing is believing. Write today and we will send you onu sample copy free. sIt may save you hundreds of dollars. Subscrip- tien rates. One year $3.00; 6 months $2.00; 3 months $1.25; cash in advance to all. 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