Casper Daily Tribune Newspaper, June 26, 1922, Page 6

ing at PAGE Six ! “MARKET GOSSIP. AND FIELO NEWS MMOWEST TESTS ‘WAKE PROGRESS = “Wildcat” eaten of the Midwest Refining company are showing marked progress this year. In the Baxter Basin field, Sweetwater-county, Wyoming, the company’s test well is down 2, 150 feet and reported to be gassing daily. On the Hill Creek structure, northeastern Utah, a depth of 2,150 feet has been reached and the-well will be carried | DROUTH BROKEN, GRAINS LOWER Opening Today Is Weak Fol- lowing Reports of Rain and Cooler Weather. CHICAGO, Iune:26—Cooler weath- and probable showers led to lower es in the wheat market today dur. the trading. Bears put on gossip that export de- early id stress, mand was failing to come up to ex too, wetations and that < mestic milier= Benides. country sales of new wheat were re ported as-quite liberal. The opening, which varied from: %c decline to %c advance, with July $1.13% to $113% and September:$1.14% to $1.14%, was follwed bya material setback all around. Subsequently, attention to the-Ger- man political situation. together with weakness in foreign exchange tended further to depress the wheat market. Decrease of the visible supply total tailed to bring any support to prices. ‘The close was heavy, 1%c to 2%c net lower, with July $1.11% to $1.11% and September $1.12% to $1.12. Corn and oats went lower with wheat as-a result-of improved weather conditions. Aftersopening %c to te down, Juty: 62%c to 62%c, the corn market ‘confinued¥to descend. Heavy reeetpts and slackness of shipping demand here prevented any important rally in prices, The close was unsettied,£1% to 1c net lower, July 61e Osts- started %%c to ee off, July ie.to 37%{c-and later “underwent’ a further sag. Provisions were weak in Iine with hog - values. Closing Open. High. Low. Close. WHEAT— July — — - LIBHVI1BM 1.10%. 1.11% — 1.14% 1.14% 1.12% 1.1 — 117% 01.17% 1.15% 1.16% s 62% 61% 61% = 166% 165.5% =- 66% .64% .65% Saty: oe 37% 36 3H Sept. —— - 130% [38% -39% Dee. . - - 42% 41% ADK% LARD— July ~. - 11.25 11.35 11.25 1233 Sept. - -.. 11. 11.62 1155 11.62 RIBsS— July-— -._ 11.97 12.00 11.82 11.90 Sept. . - - 11.80 11.85 11-60 11.80 Butter, Eggs, Poultry. CHICAGO, June 26.—Butter*higher; creamery extras’ 37%c; firsts 32%@ B6%gc; seconds 30@3ic; standards Eggs easy;‘receipts 28,930 cases; firsts 21% @21%c;-ordinary firsts 20@ 20%c; miscellaneous 20%21c; storage packed extras %@28c; storage packed firsts 22%)c. Poultry—Alive unchanged; fowls 22; broilers 28@38c; roosters lic. Potatoes. CHICAGO, June 26.—Potatoes silght- ly weaker; receipts 104 cars, total United States shipments 960; southern sacked Bliss Triumphs $2.70@2.90 cwt.; Alabama spaulding+rose sacked $2.00@ 2.25 cwt.. North Carolina Irish cob- blers stave barrels $4.25@4.50; eastern short Virginia stave barrels Irish cob- biers 5.00@5.15. Old stock steady; Wis- eonsin, Michigan sacked round whites $1.90@2.10 cwt. With the Oil Men | ‘The Wyoming Oll Well Cementing company expects the arrival today of a new Packard truck, fulty equipped with pumps, mixing boxes, etc., which it will use-in cementing wells under its process. This is the second truck for the concern, one now being in use at Salt Creek, and was purchased through Joe E. Mansfield, Inc., local Packard distributor. J. © Stodghill is handling the wire at the Taylor & Clay offices today. Paul A. Woods the regular operator being confined-at his home by illness. R. C. Peterson of the locat branch of the bureau of mines, is attending to land office matters: n Douglas. C.-W. Sparr of the Consolidated Roy- alty Oil company is spending a few days in Denver and Colorado Springs. W. A. Bergstrom and Ju. H. Senate of the Evans Oil corporation were Salt Creek visitors yesterday. A Few Wonderful Bargains in Diamond Rings— All Below Cost WINTER-HENTHORNE Surveying and Locations Geologists Oil Experts Oil Field Maps, Blue Prints WYOMING MAP AND BLUE-PRINT CO. and from do-| 200 or 300, feet farther in hope of reaching the Farmer sand. The Midway test of the Midwest nine miles north of Casper is drilling in a wet hole at 2,967 fest and on th Nolber dome, section 13-45-93, Washa kie county, a test in ready to spud in. Second Test:\Spudded In. Woman's National Oil & Develop- ment company is drilling again on the Fiddleback dome of the River basin distriet in Northwestern Converse county, Wyoming. after spudding in on section 23-39-70 for a second well. The first hole was lost ats600 feet when drillers wero unable | to recover! lost tools. The compa’ is officered entirely. by women. The test now driling is located on a line between the Osage and Salt Creek fields and js the only one in its lo- cality. “Carter Completes Wen. a Carter Oil company has completed & new well at 2,679 feet on the north- west quarter of section 10-40-78 of the Sait Creek field recently with produc. tion rated at 250 barrels. On section 5-39-78 the same company is down! .075 feet with its No. 2 Richardson and rigging up in in progress for three | more wells. Another well completed some time ago-is being deepened for | larger production. Mammoth Survey Completed. Mammoth Oil company has com. Pleted preliminary surveys for its tn- terstate pipeline from the Teapot dome in Wyoming to Kansas City and wilh mork time on this project until ofl field development - progresses to the stage where need for the carrier is completely established. Midwest to Test Nelber Dome. The Midwest Refining company has made definite plans to test Neiber Dome, 20 miles south of Worland, ac: cording-to an official of that company. ‘Thosocation of the wildcat well which this company will-¢rill is Section 13- 45-93. In 1915 a-well was drilled at Neiber dome, hut was abandoned at 2,000 feet. The records show that gas in emall quantities was encountered at 00 feet and a considerable amount of water at 1,000 feet. It is felt that the chances for getting gas ere much bet- ter than ofl, and should gas, in com- mercial quantities be found it will mean.that the nearby cities of Wor: land, Basin, -Greytull' and pogsibly ‘Thermopolis-will be. supplied-from this field. ‘The hole which:thecMidwestitscoing to put-down will*test ‘the various for- mations ‘to 4,200 to-4:700"feet. Geolo- giste-reportrthat the Masaverde:forma- tion wilt be-tapped at that.depth and thatthe-chances of‘bringing/in a good wellvare-favorable. Before that depth is\attained several-other.sands will be rifled and it is;within the realm of possibility ‘that:a heavy’ production of etther-ot or-gas"may be secured. ‘The frontier formation which «is Grilled at Grass Creek, Torchlight and Little Butfaio Basin, is estimated to be between 7,500 and’ 8,000 feet down and therefor: too-deep:for a test at Neiber:dome. In a government geo- logical report’on the ofl possibilities of that dome it is stated thrt the “chance for discovery~of either oll or gas‘in commercial quantities is fa- vorable.” The Midwest is commencing work on this well at once and its progress*will be watched with interest by the oll fraternity of Casper and vi- cinity. Cheyenne | | financed by Seattle capital and ts New York Stocks Associated Press Leased Wire, Alliet Chemical & Dye Ailis Chalmers .... American Beet Sugar American Can ..... jean Car and American Locomotive American Sugar Woolen |2 ——_ Copper Canadian Pacific Leather er Motors sapeake and ©} Chicago, Mil, and St. Chicago, Chino Colorado Fuel Corn Protucts Crucible Steel Srie irs neral General al Motors . trich Co. Great Northern Tilin Central Ini m Copper .. “pia. Foundry Aeeroae Hide & Leather pfa. American International Corp American Smelting and Ref"g Pai 49% 46% 4% 163 6% 2] Sunset .. le Harvester Int. Mer Ma: Internation: Invincible Kelly Springfield Tire | Kennecott Copper | Louisville and Nashvil Mexican Petroleurn | Miami Copper . | Middle I | Midvale |New York Centar 5 ¥., N. H.'s orfolk and W orthern Pacific Pennsylvania. Peoples y Consilidated Copp sading Iron and steel oyal Duted, N. ¥ ears Roebuck Sinclair Con Oil .. South@rn Pacific . Southern Railwp: Standard Oil of N | Tennesse Copper Texas Co. ..... Texas and Pacific Tobaceo Products Transcontinental Oil Union Pacific United Retail Stores . U. 8. Ind. Alcohol . Unitéd States Rubber United States Steel Utah Copper Westingohuse Electric Willys Overland Butte and Superior .. Cala Petroleum ... Montana Power . Shattuck Arizona Great Northern Or ee Li 22,000; active, stocker. $8.25@9.40; largely $4.85@7.25; around $4.26; lower; $10.25@10.50; ‘medium light $10.65@10.75. 10.65 packing sows, American Petroleum Studebaker Corporation American Zinc, Lead and Sm A Car That : Stays “Young” Owners say the Essex does not grow old. ‘Year - after year, it continues its exceptional perform- ance and freedom from repair needs, in a way er vestock Mart Chicago Prices. CHICAGO, June 26.—(United States Bureau of Markets.}—Cattle, receipts generally strong’on all classes; spots shade high- er on beef steers but choice stock and early top beef steers $9.90; paid several times; bulk beef steers beef cows and helfers canners and cut- ters $3.00@3.75; bologna bulls mostly early sales vealgra $8. bidding generally $7.50@8.00. Hogs, receipts 60,000; market opened mostly 10 to 25¢ lower; later 5 to 10c lower on light and medium butchers; ethers and mixed grades most! 15 to top $10.75. 10.70; pigs about steady; heavy weight steady to Bulk $9.65@ $10.40@10.70; light light $10.40@ smooth $9.10@ expected only of costly cars. ‘i Essex cars, by the thousand, serving on upwards of thirty, forty and fifty thousand miles, in smooth, 5 reliable duty, establish its lasting goodness in a way that A ride will reveal qualities you never expected everyone knows. in a car of its price class. Touring, $1095 ‘phone AV, Vico Sant 1406 P. O. Box 325 | Room 10, Daly Bldg. Cabriolet, $1 Freight and Tax TOR a 295 Extra LE Coach, $1343 be Casper Dailp Cridune [ car secnte | MEXICAN PETE SOARS IN MART New Price Record for Year Set in Continuation of Sen- sational Advance. Big Indian a6 28 | Beston Wyoming 0 Bessemer 21 21 25 02 as Oo a4 As Consolidated Royalty, = 1.37 Capitol Pete z QGuich 4 Compass Frantz Gates Jupiter Lusk Royalty Preston Mike Henry _ Mountain: and Nortwest Outwest Red Bank Five Tribes Picardy Riverton PF. Royalty & Pred Tom Bell Western Explorati Wind River Refs. . United Bete Wyo-Kans WyoTex Western Of1 Fields Western States ¥ Oi Mountain Producers $ 15.25 Merritt - 10.50 Glenrock Of Salt Creek Prds. Salt Creek Cons. Proy and Refrs. 8. O. Indiana Cities Service Com. N, York Oil . Fensland ©..--- LIBERTY BONDS. BS -ns-ee First 49 Second 48 Pirst 44s Second 448 Third 44s . Fourth 44s Victory 4%s Crude Market Studebaker, from 199. On nent. Springfield, rose 1 to NEW YORK, June 26.—Another ex- traordinary movement in Mexican Pe- troleum at an extreme advance of over 22 points was the dominant feature of today’s stock market. The genral list, aside from rails and several special ties, showed little echange. Sales ap- proximated 800,000 shares. Mexican Petroleum reacted on later sales to below 200, but Pan-American shares extended their gains and invest ment rails were higher. was strong. NEW YORK, June 26.—Last week's extraordinary movements of Mexican Petroleum were resumed at the open- ing of today’s stock market. first transaction at 1) a gain over Saturday's final price of 2% points. transactions, mainly in 100 share lots, the stock rose steadily to 190, or four points over the record. In issue. Mexican Unitea heifers $4@8; calves $4.50@8.50; bulls $2.50@4.50; stockers and feeders $5.25 10c lower; top $10; bulk $9.65@10. Sheep—Receipts 1007 market strong; | 2,400 tons. ewes $4.50@5.50; spring lambs $11.50|refined sugar, fine granulated being @12.50. quoted at 6.20 to 6.30. The demand After a slight reaction stock made further upward progress to 194%, at which level profit taking caused a temporary halt. fean Petroleum points with a three-point gain for the Other oils, excepted, were moderately strong and Brooklyn Rapid Transit and VirginiaCaroline Chamical rose large fractions with some of the popular rails. Petroleum reacted points from the high first half hour but later bounded forward again to The brief setback in that stock occassioned selling of other olls as well as eteels, equipments and motors. the fresh advance motor equip- ments and specialties were most promi- States Rubber, Keystone and Goodroch points, with gains of 1 to 3 points for American Sugar, Postum Cereal and kindred shares, There was little demand for the rafls, but that group showed further firmness. Call money opened at 4 per cont against closing. Sugar, to 2%, The closing NEW YORK, @13%. The % represented 27.0 the next half dozen Lead—Steady; year’s previous high the) Antimon: Pan-Amer- “A” soon rose four| LONDON, June Royal Dutch to two points 4% France demand, 8.42. Kelly-| Sweden demand, Montreal, 98%. Silver. NEW YORK, June 26.—Foreign bar silver 75c; Mexican dollars 53%c. Metals. June 26.—Copper steady. electrolytic spot and later 13% | 53. Sugar. NEW YORK, June 26.—Sugar fu- tures closed firm approximate sales ‘There were no changes in last week's final quotations of five per 204% compared with 181%, Saturcay’s Street opirtcn varied as to whether the bulge m the stock was 2 result.of the run in of the short in- terests which had pushed its opera- tions too far, or a response to the op- timistic utterances of the president of the company as to earnings and fu- ture market values. Meantime the bal- ance of the list-crept steadily upward, | General Cigar rising four. points, the, preferred G, Sterling Products 3 and Atlantic Gulf, Studebaker, American! Famous Players, Sears Roe-| buck and American Brake Shoe 2%. Dividend paying railroads also were! substantially higher, Great Northern) preferred, New York Central and! Loulsville and Nashville rising 1%| London Money. 26.—Bar 367d per ounce. Money 2 Discount rates, short and three month! bills 2% @% per cent. Foreign Exchange Firm. NEW YORK, June 26.—Great Brit- pain demand, 4.41%; cables, 4.41%. Sixty-day bills on banks, 4.39%. 8.41%; cables, Italy demand, 4.73; cables, 4.73%. Germany demand .28%; cables .28%. Holland demand, 3! Norway demand, 16.15. 25.55. Denmark demand, Swtizerland demand, Spain demand, 15. Greece demand, 3.25. Poland depand .02 1-5. Czecho-Slovakia demand, 1.92. Argentine demand, 13.75, Brazil demand, 13.75. cables, 38.83. ju Grass Creek ...---+-------+--—-$1.90 Elk Basin . eeeeeeeeeceeees 1.90 Lance Creek . 1.90 Hamilton Dome ~ + 140 + 150 2 140 -1e + 138 9.60; packing sows rough $8.50@: Filling pigs $9.50@10.50. Sheep, receipts 13,000; mostly 25c. higher; packers buying good native lambs freely. straight and short sorts $12.75; some early butchers $12.85; others held higher;-no western lambs. here; fed western yearling ewes as breeders $10.75; sort off to packers $11.00. dest light native ewes* (for slaughter $6.75; heavy $3.25. OMAHA, Neb., June ‘26.—(United States Bureau of Market)—Hogs, re- ceipts 11,500; good hogs 10 to 15c low- er; 399 to 325 pound butchers $9.50@ 10.00. tep $10.10; mixed and packing grades $15c to 25¢ lower; bulk $8.75 @9.40. Cattle, reeetpts 8,000; heavy steers fully steady; top $9.50; yearlings slow, but steady, better grades she stock firm. others slow; bulls, veals and stockers and feeders unchanged. Sheep receipts 7,500; lambs and yearlings opening fully 25 higher; early top Idahos $12.20; some held high sheep firm feeder& strong to 25c higher. Denver Prices. DENVER, Colo., June 26.—Cattle— Receipts 1,900; market steady; 25¢ beef steers $7@9; cows and Phone 1203 YOUR ACCESSORY HOUSE OPEN EVENINGS Brodie Rubber Co. DIAMOND. _ TIRES In the new Diamond Cord you will find the best Tire value on the market today. Brodie Rubber Co. ix. Tribune Big. THE PERKINS PROCESS FOR CEMENTING OIL WELLS Assures you that the cement will be placed ‘behind the casing where needed, and-cannot-become mixed with any-other fluid or substance-already in the well. WYOMING OIL WELL CEMENTING CO. Exclusive Licensees for Wyoming. 234 Midwest Bldg., Casper—Phone 1173 Or Phone Snook’s Camp, Salt Creek Second and . Yellowstone > é > [Political Advertisement] Announcement CANDIDATE FOR SHERIFF I take this means to announce myself as a candi- date for the Republican nomination for Sheriff of Na- trona County. Subject to the will of the voters at the primary election to be held August 22. E. W. “BUCK” ELDER. silver | per cent. | ~ MONDAY, JUNE 26, 1922. EB F | ae veges? i i 95% 8s, 1946 109% 1937. . 338 -» $8, 1945 . |DuPont, 74s, 1931 . Tin—Steady; spot and futures 31.12. |Framerican, 7148, 1942 Iron—Steady; No. 1 northern 25.00@ | ; No. 2 northern 24.00@25.00; No. 2 southern 19.00@20.00. spot $5.75@$5.85. Zinc—Quitet; East St. Louis spot and nearby delivery $5.30@$5.35. pot $5.05@ 35.25. Belle Iron, és, | . 4s, ¥. . ba, ‘2012 woeee ¥. Edi, 6is, 1941 — Pack., 8s, 1031), Penn. R. R., 7s, Y930 Penn, R. R., 6%8,1936 10: Paris L. M. R. R, 68, 1958 ‘hss Queensland, 7s, 1941 |Queensiand. ¢s, 1947 <2 Col. & Cie., 8 South. Ry., 6%s, S. W. Bell Tel., Swiss Gov., 88, 19 ‘* Lode Gov., 5%s, 1929 => rig Pac. Tel. '& Tel., 69, 1952. 82% Un. B. and P., 6s, 1942 97% was less active. Refined futures were nominal. NEW YORK, June 26.—Call money strong; hig 5; low 4; ruling rate closing bid 5% offcred at Last loan solicit your patronage. “we days 4; six months 4%. cantile paper 4@4%. In four years the number of factories in Shahkhai has — from 41 to $0. Prime me increased NICE FRESH COCOANUT 35c Ib. Cocoa, 20c and 40c Ib. Pigeon Tea & Coffee Co. Phone 623 TYPEWRITER BARGAINS| Underwoods, Remingtons, 230 E.2nd St. Phone 856 Just a reminder that we appreciate the business you have given us and we assure you that we aim to carry a full line of auto accessories at all times. | are distributors for Miller and McKone Tires. We | Tyee one) L. C. Smiths, Royals. Repairs and Supplies. Typewriters for Rent. CASPER TYPEWRITER EXCHANGE We ACCOUNTANTS REGISTRY CORP. itants—Stock WYOMING AUDIT COMPANY 41415 Midwest Ref. Phone Audits, Fi Rope & GOODRICH, Architects Rooms 11-12 Townsend Block » Wyo. Phone 440 GARBUTT, ari orl SWEENEY 415 Oil Exchange Bldg. RAYBURN 8S. WEBB, Architect Suite 1°, Diy Bidg. Phone 1351 AWNINGS Kistler Tent and Awning Co. 747 Seuth Lincoln St. Phone 927M BAGGAGE and TRANSFER SEE BEN co. NSFER Baggage, Ween" f Hauling and Piano Phone 743 ir ID TRANSFER Hplano and Furniture Moving It’s Movable We Move “It Phone 1427 SEARLES TRANSFER ‘Res. Phone 87W Oifics Phone 701W CHIROPRACTORS DR. J. H. JEFFREY DR. ANNA GRAHAM Suite 318 Midwest Bidg. Phone 706 e 1457 DR. ©. I. ARNOLDUS ig ana actic 310 O-S Building Phone 1754 DR. I. B. BERQUIST___ Zuttermeister Blig. Phone 1757 CHIROPODISTS Phone 1162/ 408 Consolidated Ro; Suite 6, Tribune A, Room 5-7 Wood Bldg. Midwest Bidg. RADIATOR REPAIRING CASPER AUTO RADIATOR WORKS Repairing—0) 434 W. Yellowstone NATRONA SanraTOn SHOP 522 E. Yellowstone ROOF CONTRACTING —_ SSeS ae General Roofing Contractors, DR. E. C. “BADGES Podiatriat- Phone 1721 Suite 9 Smith Bldg. 131 East Second Street CONTRACTORS LEO J. BECK Floor Surfacing ing and 527 East Twefth 116 E. (Beales oe We Specialize on All Kinds of Ladies’ Work. We Call for aud VULCANIZING sae Vai izine—Low Prices HOUGHTON Phone 807M i522 E. Valiowstone CONTRACTORS Oe enhac ehtaehaibelt sd 3. A. HANSON, BaildingePhons Sei, ty eetesh nae Office, Phone 30 a, Healdece io Private Hospltal-6re DR. A. P. a 112 East ‘Street. ©. Office Mideast Telephones 1650 HOUSE MOVERS NICHOLS & STIRRETT Lawyers 309-10-11 Oil Exchange Bldg. JAMES P. KEM Ronty Bldg. IRV) TING Core REaTN 406-407 “Olt Exchange’ Building pete 1 J & MDBANE 206-207 oil Eachonce WILLIAM, 0. aa Attorney-at-Law Suites 14-15-16, Townsend Bleck OSTEOPATHS DR. CAROLINE ©. DAVIS Osteopathic Physician Apartments. Ph. 8 DR. L. L. WADE ysician Phone 12773 ee A. SANFORD pathic Phone 1030 iz Phone 1054W Repairing, C! 5 Phone 1473W WYOMING ROOFING C0. Repair: Cin og TAILORS S. H. ACKERMAN Phone 4535 Casper’s Leading Tailor and Dry Cleaner Deliver. Phone 1473W