Casper Daily Tribune Newspaper, July 8, 1922, Page 10

PAGE TEN MARKET A graphic picture of the activities in the Kevin-Sunburst field is told by one who has just returned from that district. | American “The great fleet of trucks and automobiles at work on pmeie the Sunburst dome reminds one, from a distance, of a great! American “Though oi] men say that activity is only peed beginning the real business and excitement of the industry is |Atchison ant hill,” he says. burst. The Ohio Of is go- development of the tematicn! way that leaves but what they are confident is a big field. From a high spot near the No. 1 st well it is possible to see eight nd as many more are going up. ake end derricks up around S © with as most the camps, thi “densely to house section 5-35-2 west Water has been arters George 0. is moving pis Star in drilling the Keystone well t Vaughn, to the Barr ranch to drill for the Ohio Ol] company. A camp Day used has been completed on the Honnon ranch, in section 26, another Ohio lo- cation. Eight wells have been spotted by the Ohio, weil scattered over its leases. In adXition to the Refbe well now drill- ing the Ohio has two National ma- chines on locations, and other - ma chines are enroute. The Ohio will drill an offset to the Sunburst producer, on the-eouth, also.on the Barr ranch, the Swazey ranch, the Harron ranch and in the southeast quarter. of section three, one mile southeast of the pro- ducer. The Sunburst Oi) and Gas is spotting two more wells. Four wells will be watched with great interest, these being the Sun- burst Of] and Gas No.’ 2 in section 5 m the west side of the field; the ri ne in section 8-35-1 west, on ast side; the Coo well:in section 436-2 west in the north and the Home- take well in section 26 west, on the south. These wells are at points 10 miles apart, north and south, and six miles east, and west, an area of 60 square miles, an area of more than one-third of the producing acreage in the state of California. ‘The town of Sunburst is feeling the boom. A 25-foot lot on the main street sold for $1,000 during the past week: and $1,000 was offered for the*ndjotn- ing lot. to be used as a site fora busi- ness block. New York Oil Operatians. Following is a report of drilling op- erations of the New York Of company as given out at the offices of that cor- poration: Spindle Top, southwest quarter of section 32-30-82, drilling at 650 feet. South Casper Creek, southwest quarter of section 34-34-82," drilling at 2360 feet. South Casper Creek, Townsend No. 4, nortiwest quarter section 34-34-83, rifling at 1556 feet. Boone Dome, southwest quarter of section 10-35-85, cement setting at 4602 feet. Ohio Drilling Report. ‘Two completions were chalkedrup by the Oblo Of company ‘uring the week. No. 6 on the southwest quarter of section 12-29-79, Salt Creek came in with a 400 barrel flow at 2,200 feet. Harrison-Cooper No. 10 in Rock Creek was finished «t 2,734 feet with a gas flow of 15,000,00 ‘eubic feet and 134 barrels of ofl during the first 24 hours. As the company is short of gas in this field, the ofl will be cased off and the gas used for operatng purpores. Following {s a report covering other operations of the company in this district: Big Maddy. No 14, state land, section 20-33-76. underreaming at 3,225 feet, cleaning out at 3,318 feet No. 21 Jones OPC., section 10-35-78; shut down at 1,090 feet: Gross Creek. No. 10 Phelps, section 28-46-98, ce mented at 3,072 feet. No. 13 LU Sheep, drilling at 3,900 feet. Salt-Creek. Wo. 1 Tract K, section 17-39-78; ce mented 8% inch at-2,430 feet. No. 1 Tract E, section 17-3978, co menting at 2,116 feet. No. 11, SW% section 1-39-19>pulling 12%-Inch at 1,702 feet. No. 1 Tract G, section-17-39-78; Gril- ing at 1,416 feet. No. 2"Tract O, section 13-89-79; clean- ing out at 2,526 feet. No 2Sract ET, section 20-39-78; aril» ing at 1,925 feet. 0. 2 Bellview OPC, section 3-39-79; standing at 2,500 feet. . No. 11, NW% section: 27-40-79. get- ting ready to set §%-inch at 2,970 feet. Rock River. No. 1 Diamond, section 27-20-78; cteaning-out at 3,383 feet. No. 4 Diamond, section 35-20-78. ce- mented 10-inch at 2,141 feet. No. 2 University, section 2¢-20-28; Grilling at 2,423 feet. No. 2 Trapshooters, section 34-20- 78; drilling at 1,660 feet. No. & state land, section 34-20-78; Grilling at 200 feet No. 7 state land, section 34-20-78; shut down at 1,275 feet. No. 6 Dixon, section 34-20-78; ¢ril- ing-at 2,886 feet. fo. 7 Dixon, sect}on 34-20-78, fishing 005 feet. on, section 34-20-78; drim- feet. Wildcat. Tests. Dome No. 1, section 31-48-90; cing at 997 feet. en Springs, section 2-24-86, Car rigging to drill O'Brien down a! sidetracking at 2,400 feet. Horeshoe, Wyo., section 8-33-91; pulling 6%-inch to reset at 3,270 fect. No Completions for Week. | Producers and Refiners had no com pletions during the week. Following is status of operations for the week ending today: Salt Creek. Well No. 6, section 30-40-78, at 1,860 feet. Well No. 7, section 30-40-78, drill- ing at 2,365 feet. Well No. 8, section. 30-40-78, ari Ime at 955 feet. ériting Well No. i, section 3240-78, drill-| ing 0 feet. | M: Dome. Well No. 1, section 34-26-88, driling at 1,500 feet. Well No. 2, section 4-25-88, drilling at 1,118 feet. | Well No, 1, section 33-26-58, under. reaming at 3 feet Ferris. Well No. 12, section 26-26-87, drill ing at 1,140 fect. Il No. 4, section 6-87, drilling) Well No. 5, section 25-26-87,- pulling} No, 3, section 25-26-87, spudded| in. j Location No. 8, section -25-2687,| building derrick. Well No. 1, section 25-26-87, deep- ening at 1,730 feet. Well No. 1, section 35-86-87, pulling} ng to abandon well. | ‘el No. 10, section 25-26-87, der-| rick completed and will start rigging! up at once, | | ‘Well No. -26-89, running} 5 3-16-tnch casing at 3,100 feet. Weill No. 3, section 7-26-89, getting ready to go ahead Location for well No. 4, same sec-| tion, has been made. | Matual Capitalization Raised. At a directors meeting of the Mutual] 7°b0cc2 Products Oil company held in Denver on Thurs-| day, it was voted to-raise the capital-|tnited Retail ization of the company from $15,000,-|U. S. Alcohol 000 to $30,000,000 and the president and secrotary-were instructed to issue| a call to stoékholders for a meeting to! ratify this action. This meeting will be heid-about the middle of the present month. In the event that this action is approved the directorate willbe en- larged from seten members to nine, but no change in the personne! of offf- cers is anticipated. ‘This-corporation which is one of the: largest independents operating in the mountain states, recently absorbed! | D Western Oil Fields and Boston-Wyo-| ming and it is believed that the tn- crease ts for the purpose of merging with other large-companies. At a special mecting of the Marine Of company, held today at its local offices an increase in the capitalfation from $500,000 to $1,000,000 was author- ided. The par value of the stock was also raised from $1.00 to $5.00. ‘This increase was made for the pur- pose of acquiring additional producing acreage/in the Salt Creek field and to| enable the corporation to expand in-its} development. ‘The regular quarterty dividend of two percent was ordered paid.on Au- gust first. Out of town. men who attended the meeting included E. V. Price and Mr. Rupp of'Pittsburgh who are making a ‘trip of inspéction to the \Salt Creek field this afternoon. Livestock Mart | CHICAGO, July 8.—Cattle. receipts 500; compared with weck ago 25 to-35¢ higher; strictly choice and prime ad- vancing least; spots on lower grades up more; fat cows and helfers: mostly 25c higher; lower-grades. strong to 15c| up; canners and cutters about steady. bulls mostly 50c higher; veal calves 75c higher; stockers and-feeders prac- ticaNy the same; week's top on beef steers $10.30; week's bulk beef steers $8.75 @9.90; beef cows and heifers $5.25 @7.60; canners and cutters $2.90@3.75. Yeal calves $8.50@925; desirable stock-| ers and feeders $6.00@7.00. uy Hogs, receipts 5,000; strong to 10c higher ‘on all grades; spots up more:| top $11.00; bulk good butchers $10.50! @1.00; holdover moderate. pigs strong to 25¢ higher; mostty $9.50@10.00; packing sows mostly $8.75@9.40; heavyweight $10.50@10.80; medium $10.70@11.00; light $10.90@11.00; light | light $10.10@10.90. packing sows, | smooth $8.90@9.65; packing sows| rough $8.50@9.00; killing pigs. $9.25@ 10.15. Sheep receipts 7,000; mostly direct; market steady; compared with week ago fat lambs heavy and medium fully 50 to 75c higher, spots $1 up; light sheep, yearlings and feeders mostly 25cs higher; wk’stop fat lambs $14.00. fat ewes $7.50; week's bulk fat lambs $13.00@13.75; ewes $5.50@7.00. OaIAHA, Neb., July 8.—Hogs, re- celpts $,000; active steady to strong;| spots 6 to 10c higher on heavy mixed; buik heavy mixed and packing grades $9.00@9.75; good hogs $9.75@10.40; top! $10.50. Cattle, receipts 300; compared with week ago. beef steers 40 to 75c higher; week's top $10.15; yearlings $10.00: bulk of sales $8.25@9.75; she stock 50c| to $1 higher; bulk cows $5.25@7.25;| bulk heifers $6.25@8.35; bulls fully 25c higher; bolognas $3.75@4.40. beef | bulls $4.50 upward; veals 50c to $1/ higher; top $10.50; stockers and feed-/| ers unchanged. | Sheep receipts 1,000; campared with! Rock , section 16-16-1204; ¢rilling 0” feat, 2;000,000 cubic feet gas at Mercer Dom: i 1 1,655 feet Bis—Wal, Mont, section 230-26; ion 33-51-90; arin | Week ago: Lambs and yearlings 50c! | to 75¢ higher; top lambs Friday $13. sheep 50c to $1 higher; heavy kind UD. most; feeders’ mostly 50c bigher. | American | Chicago, R. I. and Pac. . | Mexican Petroleum . | American Zinc, Lead and Sm. . WMKET GOSSIP AND FELD NEWS [sere AENIN-SUNBURST SHOWING SPE Wire. ——— | | Allied Chemical & Dye . Allis Chalmers .. American American Can | American | American | American American AtL, Gulf and West Indies Baldwin Locomotive . Baltimore and Ohio Bethlehem Steel Canadian Pacific Central Leather . Chandler Motors . Chesapeake and Ohio ... Chicago, Mil and St. Paul 21% 4% 29% Chino Copper ........ Colorado Fuel and Ison Corn Products Crucible Steel . Erie . teens a Famous Players Lasky - General Asphalt General Electric neral Motors c serio or 15. Western Exploration 2.80 jreat: Northern pf % * Inspiration Copper | Wyo-Kans . 1.00 International Harvester lWyoTex. < 01 Int. Mer. Marine pfd. 73. | Western Oi! Fields .- 165, International Paper . 49%4| Western States .. 29 Invincible Oil .... W%ly on AAS 16 Kelly Springtield Tire - 4745} Kennecott Copper .. 35%| NEW YOrn CURB CLOSING. Louisville and Nashville. 130° | 161% 13% Miami Copper .. Middle States Oil . Midvale Steel ... Missouri Pacific . New York Central 2.2.2 N. Y., N. H. and Hartford — Norfolk and Western Northern Pacific .... Oklahoma Prod. and Ref. .___ Pacific Oll..........ss006 Pan American Petroleu: Pennsylvanit People's Gas Pure Oi! . Ray Consolidated Copper Reading ........ Rep Iron and Steel . Royal Duteh, N. Y. Sears Roebuck Sinciair Con Of Southern Pacific s of N. J. Studebaker Corporation Tennessee Copper Texas Co. ‘Transcontinental! Union Pacific on United States Rubber United States Steel Utah Copper .....%4 Westinghouse Electric Willys Overland Butte and Superior Cala Petroleum Montana Power .. Shattuck Arizona Great Northern Ore CHICAGO, July 8.—Likelihood that black rust would meet defeat in the great annual race with the spring wheat crop has led to lower prices here for wheat this week. Compared with a week ago, wheat this morning was down %c'to 3%é a bushel, corn %#c off to %c up, oats varying from ¥%e decline to %c gain and provisions at a setback of 20 to 22 to 80. With below normal temperatures northwest tending to check the on- set of the black rust plague, appre- hhension regarding possible serious crop damage was much relieved among wheat traders, and although prices rallied at times the general tendency was toward a lower level of values. Big world shipments ‘were likewise influential in promot- ing bearish sentiment, and 80, too, was the fact that the railroad strike haa been confined to:shopmen. Breaks in foreign exchange did a good deal apparently to restrict ex- port demand for wheat. New Or- leans, nevertheless, was outbidding Chicago for new wheat in Illinois, and besides was said to be getting most of the wheat offered in the west and southwest. Estimates that the European wheat crop would be 120,000,000 bushels less than last year seemed to make no lasting im- pression, and the same was true of reports that wet weather had been causing delay to threashing in Kan- ras, Missouri and Nebraska, Corn was upheld by active-ship- ping demand here. For the first time in months stocks of oats totaled lees than at -the correspénd- ing date Inst year. Increasing warehouse ‘supplies at western packing centers weakened provisions. ‘Wheat starced downward during the early deaiings today, the Ger- man political and financial situa- tion being ‘the dominating infmence. Crop news from the northwest was favorable. There was rather gen- eral selling on the-declines but later fair-support of the September deliv- ery by houses that usually act for a loc! interest and some buying by houses with seaboard connections tended to check the decline. The opening, which ranged from %o-to 1%c lower, with July $1.12% to $1.13% and September $1.11% to $1.12%, was followed by further de- clines:and then by a slight upturn. Renewal of commission house pres- sure caused the market to react after short covering had brought about somewhat of a rally and at the finish wheat showed a net loes of 1% to 2% points with July $112 to $1.12% and September $1.10% to $1.10%. Corn and oats were governed by the action of wheat, and on favor- able weather reports. After start- ing unchanged to %e off with Sep- tember 66%c to 664%4c, the corn mar- ket declined slightly, then rallied to around the initial figures, acted heavy with scattered liquidation in evidence and tie close was weak, 1%) -to 2% net lower, with Mountain and Guif .. 98 | Nortwest . - 30 35 4 o1 a9 35 “04 | Merritt os |Glenrock Of Oil Securities Furnished by Taylor and Clay. |Mike Henry > Os Mountain Producers .$ 2 £21.00 28.00 37.5 dean heseseey September 64% ‘to 64%c. Oats started %c to %c down, with September 3ft%c to 38%c and later underwent a further sag. Provisions were quiet, despite higher quotations on hogs. ER, 5 Open. High. Low. Close. WHEAT— July - — ~112% 113% 212 112 Sept, — ~— 111% 1.12% 1.10% 1.10% Dec. . - -115 1.15% 1.12% 1.13% July ~ - - 63 63% 61% .61% Sept. - - — .66% .66% ,63% .64% Dec. - - - 65% .65% 63% .64 oaTSs— July - _ - 35% .35% 34% 34% Sept, - - 36% .38% .36% .37 Dec. - - - 41% 41% 40 40 LARD— July — _ — 1095 10.95 10.77 10.77 Sept. . - 11.23 11.22 11,00 1100 RIBS— July — — - I8.02 11.02 10.60 10.60 Sept. - - - 11.00 11.00 10.55 10.55 Potatoes, CHICAGO, July 8.—Potatoes, bar- rel stock strong; trade holding off; receipts 14 cars; total United States shipments 855; eastern shore Vir- ginin stave barrels Irish Cobblers, 00) misgivings in high financial circles. sudden and very appreciable advance for gilt edged railway shares, Gains in many of those issues, nota- bly Louisville and Nashville and~At- lantic Coast Line, which owed their strength to special considerations, ranged from two to ten points. In- Foretgn Exchange. vestment trans-continentals, high| NEW YORK, July 8.—Foreign ex- grade grangers, coalers and several of > Great Britain de the low priced trunk Mmes were em-| mand 4.44%; cables 4.44%; 60 day bills braced ir. the movement. ~ 4.42%. a Buying seemed to be of the most| France demand 7.84; cables confident character and to observers| Italy demand 4.42; cables 4.42%. the advance had its basis in something more definite than favorable earnings and prospects of an early settlement of the miners and railway shopmen’s strikes. Steels, equipments, coppers and merous other industrials more or less dependent for their sustenance upon the strength of rails also were materi- ally higher. Domestic ofls registered variable gains, in marked contrast to the sharp reaction in Mexicgn,Petrol- eum ‘The turn into July was accoxgplish- ed without disturbance to the money market. Rates relaxed on the return flow of interest and dividend payments and liberal purchases of commercial paper suggested a-more hopeful busi- ness outlook. Sound investment conditions were denoted in the high records set hy practically all of the liberty bonds and easy absorption of new corporate of- ferings. , Extrome weakness of European ex- changes, especially those of the con- tinent allied nations and Gerniany, oc- casioned much discussion and some demand 18%. cables 17%. Holland demand 38,83; cables 38.88. Montreal » > German: cables 19% in the late dealings, WILDCAT PLAN IN MEXICO IS NOT SETTLE 5 |between Adolfo De La Huerta, Mexi- can minister ¢f finance and American NEW YORK, July 8—Prices were|0il executives, relating to a plan for of today’s stock market. Overnight Titory in Mexjco, have eneded with- advices from abroad emphasizing in-| Out an 2greement. creasing gravity of the European situ- ation dampened speculative enthusi- asm. The only changes of note in the early dealings were a one point decline in Louisville and Nashville and Pan- American P@&troleum. In the next few transactions Louisville and Nashville extended its loss to 3% points. Other rails were fractionally lower as were also most of the independent steels, Senor De La Huerta, who issued a statement yesterday announcing that his mission’ consisted only in hearing the propositions made by the tom- panies through their representatives,” declared Iater that he regarded his mission as a su one and at the office of one of the five com- panies involved, it was stated that ‘reasonable~progress had been made.” Send for Free Sample Copy Today ‘We want you to see with your own eyes a copy of THE OIT WORLD, in independent publication. It gives you late ofl news of ». Mexia and all Texas oil fields, as well as the ofl news of Louisiana and Arkansas. It is the only ofl paper published in Louisiana, is the closest oil publication to the active Arkansas oll fields, and only 15 miles from the Texas line. THE OIL WORLD i strictly an-independent, accurate fearless Publication. Seeing is believing. Write today and we will send you one sample copy free. It may save you hundreds of dollars. Subscrip- tion rates. One year $3.00; 6 months $2.00; 3 months $1.25; cash in ‘faavance to all. Single copies 10 cents, Save money, keep informed, read THE OIL WORLD NOW IN iTS FIFTH YEAR SHREVEPORT, LA. “We're Sorry, But—”” Supposing the services of your telephone, electric light or street car company were sub- ject to the limitations and uncertainties common to many other lines of business. You’d be com- pelled to contend with something like this: You: “Give me Blue 1645, please.” Telephone Operator: “Sorry but we are just out of Blue numbers; but I can give you a nice purple number.” % Or— * operators asking $5.25 for leading brand, no sale sreported; sacked stock demand good; market firm; Kansas sacked earty-Ohios No. 1, Mostly $2.50 cwt. Butter. CHICAGO, July 8.—Butter mar kets were unsettled during the week and declined at the close, according to the United States bureau of mar- kets. High price levels reached dur- ing the'time export demand was of influence, were not maintained. Closing prices were, 92: score butter, New York 37¢; Chicago. 35c; Phi adelphia and Boston 37%c, ” Butter and Eggs. CHICAGO, July 8.—Butter, no ses- ston. Eggs, no seasion. Poultry—Alive, lower; fowls 23%e; broilers 26@35c; roosters 14%c. 3. ‘The! Imperial Vaney of California’ recently established a new high mark Wy shipping nearly 500 ‘cars of can- taloupes to the eastern. market ina single day. * — 4 PER CENT DIVIDENDS MONTHLY For five consecutive months with increased earnings insuring 5 per cent dividend August 1, is the rec- ord of Oklahoma-Mexia Oil Gas company Ltd. Has 15 shallow wells averiging .about 35 barrels per day and four machines drill- ing up off-set locations to well. ‘Two monster gas wells of 22,000 900 cubic feet each, waiting pipe “No, we don’t happen to have any electricity in stock tonight. Just sold the last. Probably you can get along with a lamp until——” Perhaps this: “No, we are fot run- ning our cars today. This is a legal holiday. Come around tomorrow.” Yes, the foregoing seems rather far-fetched. But public utility services have become so un- failing, so dependable, so much a part of our lives we might conceive as readily of the air we breathe going on a vacation as for those services to fail-us when we want them. If you had your choice of surrendering public - utility service or paying vastly more for it than it costs you—which is but about 4 per cent of the average family’s income—you’d pay more, wouldn’t you? Frankly, now, have you-ever considered your utilities in this light? line completion. Shares $15 per hundred; information free. C. W. Wilson, 48 Friberg Bldg., Wichita, Falls, Fexas, (cable address Wil demand 7.48; cables 7.48%.) Copper yy demand udvanced to 19%; LaBel NEW YORK, July 8.—Conferences| South. mainly lower at the hesitant opening |the development of “wild cat” off ter-| UF SATURDAY, JULY 8, 1922. ol 101% 87% 101% 103 Bid . "5s, 1952 .. 100% , Te, 1936 .... 109% 6s, 1924 .. 100% 25. 8, 1925 2nd, 4% ts, 1349 THE SERVICE CLEANERS 11S E. RAILROAD AVE. PHONE. 56 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. 29-00600060660-6066 [Political Advertisement] ‘ Announcement I hereby announce myself as a candidate on the Republican ticket for the nomination of County Sur- veyor, subject to the will of the voters at the August primaries. HERBERT L, KENNEDY. DR. A. P. KIMBALL ~ 112 East Second Street. Office Phone 120M Res. Phone 1715W J. C. EAMP,. Mt D. Telephones 1650 and 1631 HOUSE MOVERS WILLIAM NEIDEROUER 1107 South Melrose Phone 260 LAWYERS : NICHOLS & STIRRETT Lawyers 309-10-11 Oil Exchange Bldg. JAMES P. KEM 408 Consolidated Royalty Bldg. IRVING GOFF M’CANN Suite 3, Zoltermetster HAGENS & MURANE 206-207 On Building WILLIAM 0, WILSON Attorney-at-La’ Bultes 14-15-16, Townsend Block OSTEOPATHS DR. CAROLINE ©, DAVIS Pavsician Suite 6, Tribune Apartments, Ph. 383 DE. L. L. WADE Room 5-7 Wood Bldg. Phone 12773 DR. C. A. SANFORD Midwest Bide, stchione 1030 RADIATOR REPAIRING NATRONA RADIATOR SHOP S22 E. Yellowstone Phone 11731 ROOF CONTRACTING WYOMING ROOFING Co. \ “3 specialty ing. and Recosting 527 ‘Twefth * Phone 18013 “TAILORS 8. H. ACKERMAN se awe. Phone 4833 's Leading Tailor and Dry We Ali Kinds of Ladies’ Hee Sires Bete VULCANIZING pi SE eee Expert _Vulcanizing—Low Prices R. W. HOUGHTON E. ¥ellowstone Phone 1473W ‘ WYOMING AUDIT COMPANY. 41415 Midwest Ref. Bldg, vign =? Anzlyses, Income Tax and General Ai & VAN DENBERG Accountants—Income Tax_ Service, ith Floor 0-5 Bidg. Phone 767 ARCHITECTS ees on istraksrtatest otis DUBOIS & GOODRICH, Architects Rooms 11-12 Townsend Block Casper, Wyo. Phone 448 GARBUTT, WEIDNER & SWEENEY 415 Oil Exchange Bldg. Phone 1162 YBURN 8. WEBB, Architect ite 12, Daly Bldg. Phone 1351 AWNINGS Kistler Tent and Awning Co. 747 South Lincoln St. Phone 927M CHIROPRACTORS DR. J. H. JEFFREY DR. C. I, ARNCLDUS Osteopathic and Chiropractic $10 O-S Building Phone 1754 gattermetster’ Bldg. Phone 1757 CHIROPODISTS MRS. A. RUSSELL Phone 803 245 E. Second CONTRACTORS