Casper Daily Tribune Newspaper, June 28, 1922, Page 10

PAGE TEN NMTKET GOSGIP AND FIELD. NEWS | NEW:SHALE WELL SHOOTING OIL Salt Creek Consolidated O well IN BIG MARKET Liverpoo] Fails to Reflect Chi cago Strength, Prices Fall Off. CHICAGO, June 28.—Deciine tn th Price of whea ing the early dealings, Liverpool quo- | tations shown Uttle response to yesterday's advance here. Besides, hedging sales of new crop wheat tend ed also to dogress values. Rains which were expected to prove of bene- fit to corn and oats were likewise in- directly a further source of weakness in the wheat market. Initial prices which varied from unchanged figures to %c lower with July $1.14 to $1.14\% and September $1.15% to $1.15%, were followed by a sticht rally and then by material downturns all around. Subsequently, black rust reports from the Red river valley in the north- west, together with buying ascribed to eastern interests led to a shorp ad- vance, but the effect on the market failed to iast. Prices closed unset! tled Se net lower to ise gain, with July $1.13% to $1.13% and September 114%.” Corn and oats were eased by the more favorable weather conditions for the growing crops. After opening %4c ljower to % to \e up, July 62%s, the corn market-underwent a decided gen- eral sag. Improved cash demand had only a transcient rallying influence on thd market. Pricés closed unsettled Ye to Y4c to Séc net lower, July €2%c. Oats started unchanged to %e high ex, July 37% to 37%c and later de timed for all deliveries. Lower quotations on hogs weakened the provision market. Glos'sz Quotations. yesterday on section 31-39-78 at 1,100 feet. the flow can be made until additional tankage can but the force was sufficient to blow the 1214-inch casing out! of the hole after a casing head was put on indicating that it | will be a real producer. GRAINS WEAKER | No. 6 on the northeast |tract K in Salt Creek is cemeting at [2400 feet. took place today dur-| il company uncorked a shale be erected —_— Shale Of] Cased Off. A strong flow of shale off has been encountered in Domino-Wyoming well quarter of the northeast quarter of section 10-39-79, Salt Creek, but was cased off and the hole is being continued to the Wall} Creek. The bit ts now at 1400 feet. Good Expected. ‘The Ohio Oi! company, drilling for the Domino-Ressemer association on Fensland Of! company ts bufiding} a derrick on tract Q which ts also own. ed by the Domino-Bessemer interests. | Midwest ‘Test Going Deeper. ‘The Midwest test well at Baxter basin, which tapped a flow of 2 000,000 feet of gas at 1,980 fect, # now slight ly over 2,100 feet. It is the p of} the company to case off the gas and go deeper into the unexplored struc-| ture. The frontier formation, which con-| sists of the Muddy, Dakota and La- kota sands, extends to an estimated| depth of 3,500 feet and ft is the inten-| tion of the Midwest offic: to ex- plore to that depth at least. The pos. sibilities for discovering more gas in other sands is excellent, accosding to the geologists of the company, and should it te encountered in commer. cial quantities several nearby cities! would be supplied from this and other wells in the same structure. The Baxter basin well is located on the northeast quarter of section 11-17-| 104, 14 miles south of Rock Springs. It was spudded in last-fall, but the cold weather of last winter necessi- tated the closing down of all drilling rigs in that locality. Wiesete Articles Filed. Articles of agreement -were filed to @ay with the county clerk by the ‘Wregele Syndicata This company, which ts organized for-the purpose of developing Natrona county land, has a capitalization of $50,000 with 1,000 units of the-par value of $50. ‘Trustees of the syndicate are Frank ‘Wiegele, Tom.A. Hall and G. F. Stodg- Four Teapot Rigs Completed. ‘Wm. Weaver, who has the contract for building rigs-for the Mammoth Oi! company in Teapot, reports the com- pletion of four standards with mate rial for three more-on the ground. Transportation is being rushed with a double shift being worked on the “42% | trucks-and the. remainder of the der- ricks willy be-constructed tn record Oper. High. Low. Close. WHEAT— July ~ - - 114 1.15 1.12% 1.13% ces Sept. - - - TI5% 1.16% 1.14% 1.13% - 113 119 1.17% 1.18 July. — 62% 462% 62% - 66 66% 3 65% — 66 66% 65% 65% - 37% 37% 38% 36% - A0% 40% .39% 39% — AB% 43% 42 Joly. — -— 135 11.35 120.2120 | time - 11-25. 11.65 11.57 11.60 *July-—_—_.—— | ——-_ ——...71.90 Sept. - - —-—— = 11:75 - 11.70 - 11.72 CHICAGO, June 23. — Potatoes sacks; receipts 78 cars Bliss Triumphs $2.65@ @2.85 ewt.. Ala- bama sacked Spaulding Rose. mostly around $2.00 cwt-; North Carolina Nor- folk section stave barrels Irish eob- blers $4.15@4.40; eastern shore Vir- ginja_stave barrels Irish cobblers $4.75@5.00; no sales old stock Butter and Eggs. CHICAGO, June 28.—Butter \lower; qreamery extras %6%c; firsts 32@ 25%c. seconds 20@3ic; standards 36%e. ‘ > unchanged; receipts 19,767 canes. With the Oil Men A. A. Spaugh, prominent ofl man of Manville and mayor of that city, is a Casper business visitor. RE. Werty of the Producers and Refiners corporation left yesterday for Riverton on business connected With the firm’s interests at that point. { E. C. Skinner, purchasing agent for Producers and Refiners corporation is here from Denver taking an inventoy of supplies in the various fields in which the company is operating. Jack Merrill, superintendent of the Duthie interests in Salt Creek is spend- ing a few days in town. C. F. Clay, prominent Denver off man, is up from the Colorado capital on business matters. Davg Scott, from of the Midwest ts in it Creek Chief Guager Howard Carnahan of the United States bureau of mines and Geologist Frank B. Taylor of the Off and Gas Journal left this morning for the Big Horn Basin and Montana. ‘The two oi] experts will visit the Mon- tana fields and make a special inspec- tion of the new field near Kevin which lies close to the Canadian boundary. The Ohio Ofl company recently pur- chased a large amount of land in this field. J. L. Bakersof the Baker Ice Ma chine company, Omaha, and also vice president of the Domino Wyoming Oil company, is making his annual visit to this city. Mr. Baker has been com- ing here for the past four years and states that he can always.see a won- derful improvement over~his former visit. He expresses his opinion that Casper 1s destined to become the me tropolis of this entire territory. pate i For particular jobs in jewelry re- Mr. ‘Weaver ‘has:also-recently" erect- ed three steel derricks for the ‘Fens- land, two of'them being om section 20, and one on:19-in the Salt Creek’ field. Salt-Creek Building Active. Considerable building is now being @ightly weaker on barrels, steady on}done-in the Salt Creek field with Mid- total Unitedjwest Refining in the lead in con- States shipments 713; Alabama, Lou-|struction. Twenty-four three-room isiana, Oklahoma and Arkansas-sacked| houses are now being erected at the main.camp for the use of field em- ployes of the company, in addition to other smaller buildings. The con- tract calls ‘for the completion of the homes not later than August. Inland to Start New Well. Camp building are now erected, a machine for drilling a water well is spotted and drilling pf a test will be started soon on the northwest quarter of section 23-39-79, Salt Creek, by the Inland Oil & Refining company. This location a mile west of. the Mosher well, if successful will prove @ large area of acreage. The results of the test will be carefully watched by ofl-men of this district. 7 Marine-to Meet July 8. ‘The.Marine Ol! company will hold its annual meeting of July 8 at its local.offices at which time it ise=xpect- ed the capitalization will be increased to one million dollars. The board will be asked at that time to approve the purchase of additional Salt Creek acreage adjoining the Tea Pot Reserve which will double the corporations holdings in that district. Par value of the shares will be raised from one dol- lar to five. ‘This increase in the capitalization is the beginning of a program of expan- sion tending toward developing larger production in the Salt Creek field, and signifies the closer consoli- dation of the corporation with affil ated interests in view of better mar- keting conditions for the near future. Rotary to Mud Off Gas. In order to mud off the gas and reach the lowes sand where a good flow of ofl .is expected, Producers & Refiners corporation has installed a Rotary on section 14 in the sand draw field. This well is making 30,000,000 feet of gas and considerable difficulty is being encountered in an effort to deepen te hole which is now down 3300 feet. Sinclair-Wyoming Cementing. Sinclair-Wyoming well No. 6 is be ing cemented at 1700 feet on the southeast quarter of section 2-39-79. No. 7 has been spudded in on the same quarter. NEW WAREHOUSE IN EAST CASPER IS COMPLETED A new.«steel warehouse 20x40 has Justi been completedson the land di- rectly east of the Northwestern stock Pairipg call at —Tripeny-s.- 627eplyards by Lee C~Moore, Inc.,-from No test of! Allied Chemical & Dye 67 Allts Chalmers . “0 American Beet “448 American Can 46% Atherican Car ani indry .. 160 Aterican Hide & Leather pfa.. 67% American International*Corp 40% American Locomotive 110% American Sugar .. 79% American Smelting & Refg. | 63% American Sumatra Tobacco 39% American T. & T. 120% American Tobacco 141 |American Woolen . “88% Anaconda Copper 50% Atchison ... 98% Att., Gulf and West 38 Baldwin Locomotive* 111% Baltimore and Ohio 48% | Bethlehem Steel. “B' 74 Canadsin Pacific 138% |Central Leather 7h B |Chandier Motors 68% This hole is half a mile| northwest of the Fensland gusher re| |cently completed and a good producer | «. is expected. [x | New York Stocks Associated Press Leased Wire. Chesapeake and Ohio ..... |Chicago, Mil, and St. Paul |Chicago, R. lL. and Pac. 41 |Chino Copper ......... 23% |Colorado Fuel and Iron 29 |Corn Products .... cones 104 |Caucble Steel 72 | Brie ° 14% | 79% 66 165 13% 38% | 80% | |{llinols Central 104B Inspiration Copper 39% International Harvester 9%-B Int. Mer Marine pfa . 72 Iuternational 46 . 15% I 47% Kennecott Cop, 33% Louisvilie and 1208 Mexican Petroleum . 182 M Copper Middle States Oi Midvale Steel Missouri Pacific + 2045 New York Centrai sseceee 93% ¥.. N. H., and Hartford...) 28 orfolk and Western ........ 106% Northern Pacific Site eee en Oklahoma Prod. and Ref. 1.1... (3 Pacific Oil f sacesce “BOM American Petroleum ..... 79% ennsylvania - 42 People's ( 83 Pure Oil 5 30% Consolidated 165% ars Roebuck inclair Con Oil Southern Pcific . Southern Railway tandard Oil of N. J. Studebaker Corporat: 125% Tennessee Copper Texas Co. Texas and Pacific Tobacco Products Transcontinental Of] Union Pacific .....- United Retail Stores . U. S. Ind. Alcohol ... United States Rubber United States Steel .. h Copper ......... 63% Westinghouse Electric . 59% Wilys Overland 8% American Zinc, Lead and 8 16% Butte and Superior a Petroleum .. Montana Power ... Shattuck Arizona ... Great Northern Ore ..... (ates RE SHIPMENTS OF FRUIT INCREASE Price Declines Also Follow Heavier Receipts of Vege- tables. CHICAGO,. June 28.—Generalty in- creased movements of fruits and veg- etables to markets’ brought price de- clines, the United States bureau of markets weekly fruit and vegetable review issued today indicated. Heavy shipments of watermelons, the move- ment to date of 14,681 cars being double the shipments of the ponding period last year, caused declines of $100 to $300 a car in east- ern markets. orgia and Florida Tom Watsons of medium sizes, 22 to 30-pound aver- ages. ranged from $200 to $500. In Chicago the market closed strong at 250 to $500, Texas stock sold in Kansas City at $2.50 to $$3 a hundred pounds. At Georgia shipping points |the price strengthened to a closing range of 50c to $2.25. | Cantaloupes likewise declined with increasing supplies. California salmon tints standard 45s dropped to $2 to $4 per crate in eastern cities and $1 to $1.50 in the middle west, closing at a general range of $3 to $3. Feaches generally were lower, due to heavy shipments, the increase from Georgia amounting to 154 per cent over last year. Georgia Hileys in sixes and bushel baskets clined $1 to $1.50 in most cities. Potato shipments. decline! and the market strengthened. Virginia was the heaviest shipping state and Irish Cobblers from the eastern. shore brought $4.50 to $5.50 a barre! in lead- ing eastern cities. A loss of 74c in Chicago brought prices there to $5 to $5.15 a barrel. - 38% which supplies will be distribbuted in this territory. The building is on| trackage and has loading platforms on | three side: | W. C. Hill, local agent of the con- cern reports a nice business and many purchasers of steel derricks, among them being: Midwest Refining, five drillers and two pumpers; Fensland, three drillers, one pumper. Caster, 10 drillers, two pumpers; Kasoming, one @riller and the Ohio is said to be us- ing steel equipment exclusively for re- Jacements. All the above are in use in Salt Creek except a part in use by fhe Casper Daiiy Cribune Five Tribes Pet. Co. BIORIAY seco nes Riverton Refg. . Royalty-and Producers Sunset cee 06 Tom Bell Royalty 03 Western Explo 2.90 Wind: River Ref, 02 United Pete .... Siri 04 Wyo-Kans seeeeee 1.00 Western Oil Fields .. 68 Western States - 4 32 ¥ ou a 17, NEW Yor CURD CLOSING Mountain Producers .$ 15.12 $1 Merritt s---- + 10.25 10.50 Glenrock Oil : 131 Salt Creek Pris: ; .37 Salt Creek Cons. - Prod. and Refrs. .... 9.00 Marine ... . Cosden - Mutuad +6 + 10.00 S. O. Indiana ....... 105.62 Cities Service Com .. 221.00 Fensland ... 17.00 $0 New York Oil . 30.00 © 31.50 Stes .... First 4s Second, 4s First 4s Second 4%48 Third 4%s Fourth 4%s Victory 4%s Crude Market Grass Creek . Elk Basin Lance Creek Hamilton Dome Rock River Salt Creek Big Muddy Mule Creek CHICAGO, June 28.—(United States} Bureau of Markets).—-Cattle, receipts 12,000; beef steers and butcher she stock fairly active; steady to strong; early top beef steers $10.00 paid sev- eral times; some held higher. bulk $8.25@9.60; bulls firm> canners, calves and stockers steady; bulk beef cows amd heifers $5.00@7.3! canners and cutters mostly $3.00@4.00. bologna bulls $4.50; few best heavies around $4.65; early sales veal calves mostly $8.00@8.50; choice handyweight to out- siders $9.00@9.50. Hogs, receipts 28,000; market steady to ‘1c lower; top $10.90. bulk $9.65@ 10.80; bulk of good butchers $10.40@ 10.80; pigs steady; heavyweight $10.35 @10.55; medium $10.50@10.85. light $10.70@10.90; light light $10.40@10.80; packing sows smooth $9.15@9.75; pack- ing sows, rough $' @9.3 killing Pigs $9.50@10.50. Sheep, receipts 12,000; lambs mostly steady; packer top $13.25; few to city butchers $13.50; culls mostly $7.25@ 7.50; no westerns here; sheep strong; scarce; fat ewes mostly $4.25@°.50; choice handy ewes quotable $7.00@ 7.25 two doubles choice light fed west- ern yearlings $11.75. Omaha Quotations. OMAHA, Neb., June States Bureau of Receipts 16,000; good hogs steady; 200 to 300-pound butcher $9.60@10.10; top $10.15; mixed and packing grades steady to 10c lower; 240 to 350-pound averages $8.75@9.50; extreme heavies and roughs $8@8.50. Cattle—Receipts 7,500; beef steers slow, mostly 10c to 15¢ lower; top $9.55; better grades of she stock fully steady; others dull and easier; bulls and veal calves strong, higher: stockers and feeders generally stead: Sheep—Receipts 7,500; few sales of native lambs and yearlings strong; 28.—¢Unitea spots 25c higher; close fully 25c lower; early top natives $13.50; fed clipped spring lambs $11 choice rlings $11.50; sheep and steady; ewes mostly $5.50 down; feed- ng lambs $11.50. Denver Prices. - . Colo., June 28. steady; beef and heifers calves $6.00@$9.50; bulls stockers and feeders $4.00@ $2.50@$4.00; $5.00@$6.25. Hogs—Receipts 800; market steady; top $10.00; bulk $9.50@9.90. Sheep—Receipts none; market un- changed; ewes $4.50@$5.00. spring lambs $12.00@12.75. Etymologists declare that the sugar the Ohio in Rock Creek. cane has 227 varieties of insect ene- mies. the casing where needed, Or Phone Snook’s THE PERKINS PROCESS FOR CEMENTING OIL WELLES Assures yov that the cement will be placed behind 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 and cannot become mixed Camp, Salt Creek Chapel! 45 Columbine - 4 2 Consolidated Royalty. 1.35 1.37 Capitol Pete s+ 00% 00%) Cow Gulch 03 04 Domino . 107 09 Elkhorn. 03 05 E. T. wil 65 5: Compass . 01 02 Frantz + 450 00 Gates . 13 a4 Jupiter a1 “ Coastal “22.2. 47 Kinney Coastal - 0 Lance Creek Royalty. .03 Lusk Royalty . = hee Preston . 5 + 01% Mike Henr; ced oy SOR Mountain and Gulf... 1.00 Nortwest 20 Outwest . 00% Red Bank Markets.}—Hogs—| STOCK MARKET SEES DULL ONY Volume of Sales Totals 600,- 000 Shares, Lowest in Many Weeks. | NEW YORK, June | 28.—Duliness }was the chief feature of today's nar- |row dnc uncertain stock market. Sales |approximated 600,000 shares, the \smallest total for a full session in Imany weeks. | Mexican Petroleum wavered half |way between the high and low of the day in the final hour. General Asphalt, | United Fruit, and several of the rails |were firm, but profit taking caused jmoderate setbacks elsewhere. The |closing was strong. | NEW YORK. June 28—Raliroad |shares were under moderate selling {pressure at the opening of today's stock market as a result of the ulti- matum issued by the railroad union |leaders and the general list was irrig: lularly lower. For the first time in almost two weeks Mexican Petroleum | was comparatively neglected, the open- |ing quotations 180 showing no change from yesterday's final price. Pan- | American Petroleum A rose one point whil. the B shares lost that much. | Union Pacific, Delaware, Lackawanna |and Western, General Asphalt, Iron | Products, Replogle Steel and Stars | Roebuck eased large fractions to one |point. United States Steels, Cruci- ble Steels and American. Telephone |featured the few nominal gains. | The market strengthened during the first hour on renewed buying of ois. Mexican Petroleum rose'4 points, the Pan-American issues became firmer and gains of one to almost two points | were made by General Asphalt, Stand- ard Oil of California, Cosden and sev- eral other domestic oils. On the post- | ing of an opening rate of five per cent for call money, the list against became irregular. Mexican Petroleum fell back five points and equipments, cop- Pers and specialties, notably American Car, Anaconda, Utah, American Smelt. ing, Sears Roebuck and Coca Cola for- felted one to two poifits. Another rally set in before noon but invest- ment shares, especially rails, were sluggish. s With fluctuations in Mexican Pe- troleum exercising less of a restraint on speculation, traders were disposed to\take more notice of the steady im- provement in business conditions, Recognition of the fact that the cur- rent stiffness for money rates was only an incident of the forthcoming huge mid-year settlements and that lower figures would soon prevail caused an increased demand for nu- merous shares. Varlous groups were actively bid up with operations in particular shares fndicating a resump- tion of pool activity. Mexican Petro- leum scored a rise of six points, while many other oil issues improved one to two points. ‘The independent &teels, motors and rubbers were also substan. tially higher. Certainteed Products is or at a sale or at It would be fine trade. let him have it. * * “Usco” brought down. A standard United States Tires ~are Good Tires 3, Lackawanna Steel 2% and States Rubber and Matheson Points each. rr Unjted Alkali Foreigo Exchange, Easier. NEW YORK, June 28.—Grea‘ ain demand 4.39 day bills on banks 4.47%. France demand t Brit- cables 4.49%. 60 36%; cables 8.37. Italy demand 4.66%; cables 4.67. Belgium demand 7.95; cables 7.95%-| securities Bid Asked Germany demand 28%. cables 28%. jo Am. Oil, 742, 1925 103% 1 . Holland demand 38.20; cables 28.6,| An Gagner, ea, 19at.-- 10% 19 |Guggenheims Name Norway demand 16.10. Am. ‘T. and T, 62, 1924: 101% 1014 a Sweden demand 25.58. Bal. and Ohio, 6s, 1929. . Denmark demand 21.35. Bel. Gow. 68, 1925 «55.5 102 ig M anagement Again Switzerland demand 18.97. Bele BOWS . tOe aes aneis, Spain demand 15.57. Bel. Gov, 8... &. ws |For Iron Company Greece demand 3.18. Brit. 5%, 1937 . é Poland demand .02%. C. P. Ry Deb. St. .— se . Czecho-Slovakia demand 1.92. dQ, 5s, 1971. 100% : Argentine demand 36.00. Cc = Ry — Gs, 1924 .. 101% 101% Bir a re aA N. J., Tune 28.—The Det Aeniese nee hes 104% | ticket nominated by the present man- Montreal 98% a Cen. 5s, 1950 . 8$_ jagement of the American Smelting " bas Copper Expt. Ss, 1993 .. 101% 101%] and Refining company was elected to. Metals. Copper Expt, Se, 1924 .. 10334 day at the annual stockholders meet- Ss, 1925 .. ing. Presi i NEW YORK, June 28.—Copper Seb tase ioe ~ 1931 .. 105% Es pa Sper calavsere Gan ietena pt <i asahg dias spot and later Cuba RR, 7 Mg - 101 the candidates nominated for directors ‘Tin easier; spot and futures 30.87 | Czechoslovak, 88, 1951 included ten men holding offiical posi- Iron steady ‘and unchanged. Lead steady. spot 5.75@5.85. Zine quiet; East St. Louis spot and nearby delivery 5.25@5.35. }Dan Con, Mun, 8#, 1946 . Del. & Hud., 64s, 1937 | Denmark, 6s, 1042 Denmark, 8s, 1945 DuPont, 7%s, 1931 tions in the compand and 18 not hold- ing such positions. Carl Eilers, former vice president, for several years leader of a move- gained 4% points, National Enameling record that will be hard to equal. How did your neighbor's last bargain tire turn out 4) the look-out for the cheapest tires he can find, He likes to get them by mail where they have big red bargain signs over the door. . get “the edge” in every tire But the dealer can’t afford to “ Even if a man saw any slight percentage in tire shopping at all—it disappeared when the product—and the dealer sells it with pride. A good tire. The dealer has no desire to trade Casper—Casper Motor Co., Inc. Casper—S. W. & E. C. Tull, Casper Sporting Goods Co. Casper—Pat Royce, Center Street Filling Station. ment against the Guggenheim inter- ests, declared the movement he repre- sented was satisfied with the result of the campaign to get new blood into the directorate and voted 56,431 shares for certain members on the management's ticket. In all 781,291 Antimony spot $5.05@5.25. nrasuerinee. French Gov Money. NEW YORK, June 28.—Catl money easter; iigh 5; low 4%; ruling rate 5. closing bid 4%; Sffered at 3; last loan 4% call loans against acceptances , 4s, 1931 4; time loans steady; 60 days 4; 90 Ist, 44s, 1925 91% outstanding, Magis. 2-3 days 4; six months 4@4%; prime mer-|7'P- GOV" 20g, aigs, 1925 £0% 39% | Directors elected are Daniel Cuggen- cantile paper 4@4%. Miss Pac., 63, 1949 5 1-+-- Sait 96% | heim, Simon Guggenheim, Elihu Moot ee oe ete ee 1936 105% 105% |Jr., Harry L. Day and H. Brownell, William Loeb, Jr., Walter T. Page, NEW YORK, June Rober W. Strauss and the following tures closed steady; - Cen., 5s, 2013 23. Sugar fu Sean,’ exes, 1942 approximate sales Rtiset. ot 107% 107%} to support Mr. Eilers gave his block 177,080 tors. ‘There were no changes |Pack.. 88. 1931, 5 +... , 1M, of independent votes: Lewis Tn in refined sugar, fine granulated be- Penn R. R., 6%8, 1936. 108% 10! Clarke, Bulkeley Wells, Charles D. ing quoted at 6.20 to 6.30, although the Paris L. M. R. R., 68, 1958 80% Hilles, Henry E. Cooper, E. C. Wag- demand was only moderate. Queensland, 7s, 1941 ..-. 108% | | nev, Harvey D. Gibson, M. P. Calin. Refined futures nominal. | naland. 6s, Bent -3s'? way, Lyman Candee, Edwin C. Jam a | . 1942 ‘ 98% | son, F. J. Leary, Fred W. Shibley, Silver. Crude Oil, 548, 1925 Y 2 Bras NEW YORK, June 28.—Forolgn bar| 84. % Cle, 88, 1927 ..... 105% 198% frente E:T. Walker, Edgar 1, silver 70%c Mexican dollars 54 %e. South, Ry., 648, 1066 sonee 102 | new nouse: H. A. Guces, H. A. Pros * |S. W. Belt ‘Tel., 7s, 1925 . 102% 102 ger, Hamilton Brush, C. A. H. De fov., 88, 1 Saulles and George W. Goethal: London Money. Swiss oy” Sike, 1929». 102% 102% tude OL Es LONDON, June 23.—Bar sfiver|truguay, 8s, 1946 . 104 105 36%%d per ounce; money 2 per cerft;| Virginian Ry. 58, 1962 95 m4 discount rates, short bills 2% @2% per Whit Gless.. ep Rts a x 2 cent. P. Tel. el., 5s. eae cent; 3 month bills 2% per cent. el rad bias 9714 All former officers and members of the board have been re-elected for an adidtional term as follows. P. C. Nic- olayson, president; M. P. Wheeler, vies president; J. B. Lowndes, secre- tary; C. H. Townsend, treasurer, with the above and Chas. Anda, Oscar Heistand, J. W. Johnson and Geo. B. Nelson constituting the board of di- rectors. W. O. Wilson continues as attorney for the concern. FIVE TRIBES WELL AT.” FLOWING STAGE TODAY Five Tribes Petroleum company re- ports oll going over the top of the casing today with the bit 50 feet in the sand at its Salt Creek well. Con- siderable difficulty is had tn drilling owing to the amount of oil in the hole. LARGER STORAGE HERE Midwest Refining has let a contract for steel storage amounting to 1,000,- 000 barrels capacity which will be erected at its local tank farm for the purpose of storing Salt Creek crude. This move is mada in an effort to handle a greater amount of the out- put of that district than is now possi- ble so that ft will not be necessary ta cut the pro rata as was recently an- nounced. With 127 wells’ now “drilling in the field, it is estimated that these, when corhpleted, will bring the daily output up to a total of 120,000 barrels if all were delivering 100 per cent. The most of these wells will be completed by September and an effort will be made to have the storage in place by that time. LOAN CAPITAL IS INCREASED Casper Mutual Boosts Total to $10,000,000, Retires Fourth : Issue. At a recent meeting of the Casper Mutual Building & Loan association the capitalization was raised from $5,000,000 to $10,000,000, making it the largest concern of its kjnd operating in Wyoming. At a meeting held last night the No. 4 issue of stock was retired, it be- ing out only 85 months, which is.a you into a larger profit for An out-in-the-open tire. The dealer sells you confidence, not price. He wants you satisfied with performance and value. The only way he knows to get your busi- ness is to deserve it. This is the “Usco” idea. * * * Compared with the ten-minute fhrill of the bargain appeal, the “Usco” is just plain commén- sense. always on some place if he could * the price United States Tires United States @ Rubber Company a Rubber Organization Casper—Coliseum Motor Co., Inc. Casper—Ray McCleary, Rays Service Station. Casper—Wyoming Oldsmobile Co., Inc.