Casper Daily Tribune Newspaper, July 14, 1922, Page 10

=r oc er 7 oa] a bu "hr th hi s e t SRS 2} m ite (GAR Rog Sw int Atk eR BL i Le MARKET GOSSIP AND FIELO NEWS MONTANA OPERK TIONS. REVIEWED As a result of a transaction Oil & Refining company, the largest independent oil conc in Montana, secured the controlling interest in the Montana |4™«rcan Refining company of Billings just completed, the Lewistown and plans are now under way for extensive improvements and enlargements. The Billings plant now has a charging capacity of 750 WHEAT CLOSING [3 WEAK TODAY ports of Have Bear Threshing Predictions were zrns in CAGO, Jnly 24 amage f to be smal ‘8 indicated favorable for se'es were which varied 3 to Se lowes! clines all around reshing would be sher temperatures was hastencd a bearish nee The close | was weak lower, with September $1.2 3% and De-} cember $1 and ship: fair, After] opening unchan 7% to %c higher; September 65% @% tu 64%c, the corn t held near to the initial range. exr buying t about some ur rice. The close was unse shade off to te eptember started unchanged to %c off, September 27% to 373%%c, and later sagged a Htt™ more. Lower q jons on hogs weakcned provisions. Civsing Quotadeas. | Open. High. Low. Close, | WHEAT— July ~ - 1.15% 115% Sept. - — 1.13% 1.13 Dec. - - 1.15% coRN— ity so 62% 62% Sept. - --_ 64% 64% 64% Dec. - ~~ -63% 63% 63% OaTS— July - = 34% Bae Sac 36% Dec = -40 LARD. Yity =. = Batter, Eggs, Poultry. CHICAGO, July 14.—Butter steatty; creamery extras 35%%c; firsts 32@ 34%c; seconds 30@3ic; standards 34%c. Egss higher; receipts 12,693 cases; firsts 21%@22%0; firsts 20% @21c; misceilaneous Storage packed extras 23% packed firsts 23@23%c Cheese unchznged. Poultry lower; fow.: 23%4c; broilers 26@30c; roosters 14c. Potatoes. CHICAGO, July 14.—Potatoes-weak; recetpts 71 cars; total United States shipments 844 cars; eastern shore, ‘Vir- ginia $4.00@4.35 cwt.; Maryland cob- blers $4.00 per barrel; Oklahoma cob- blers sacked mostly $2.35 cwt.; Kan sas sacked, early Ohios, poor quality $L75@2.00 cwt.; Minnesota early Ohios $2 INLAND DRILLS IN NEW WELL New Salt Creek Producer Is Five Feet in Sand and Near Completion. nd Oll & Refining company The i a well in Salt Creek t No. © northwest quarter of section 30-40-78, is in the sand e fect and oil is reported flowing at the e of approxi- mately 15 barrels per hour. With the jeepening of this hole, a much larger output is expected. Fol other wells now Sait Creek: Black northwest quarter of section 0-78, preparing to pull 10-| inch at 2,285 feet. | No. 6, northwest quarter of 40-78, running 6% casing-at Black . 1, west half of section down for cement to set southeast quarter #ec- running 6% casing at . southwest quarter sec. running 65% casing a ion 29-40-7 362 feet. ERAN See ta She CARTER REPORTS STATUS QF DRILLING WELLS | tance from this producer. | Barnsdall-Foster corporation and plans barrels of crude daily and is shipping & carload of gasoline daily in addition to supptying the lvcal market. The plant has a storage capacity of 20,000/ barrels for crude nd refined products. Crude supplies come from the Cat Creek feild and also from Grass Creek of Wyoming. As scon as pipeline fa- cilities are provided there is promise of considerable volume from the Soap Creek field. Manufacture of lubri cants will be started as scon as a suf-| fictent supply of the heavier olls is| provided, the Cat Creek crude being almost negligible in these properties, New Well in Cat Creek. New York Stocks Baltimore and Ohio . Bethlehem. Steel “B” Canadian Pacific Central Leather . Chandler Motors . chesapeaké and Ohio ... Chicago, Mil and St. Paul Chicago, R. J. and Pac. chino Copper soi Colorado Fuel and Iron Corn Froducts Crucible 'tSeel Erie 2 . Famous Piayers Lasky The Fifty. Six Petroleom comparm, has completed its No. 1 on the south-| west quarter of section 11-15-29, Cat| creek and reports 200 barrels in the! cond sand, making the fourth pro-| ducer In that strata for the field. | That the completion of this well wid | mean an offset by the Mid. Northern is} a foregone conclusion, and a rig wil robably be erected sor a short dis. Completions in the second sand are imminent by the Homestake and Great Western companies who are nearing ne pay. + Projected. to spud in a test on the southeast quarter of section 20-724, in what is known as the Red Dome in Carbon county, Montana. Lake Basin to Be Developed. That the Lake Basin field, north- West of Rillings, is-due for an inten sive development campaign, is jndi- cated by the fact that the Standard Oil company of California has just pur- chased 1,800 acres in the Battle Butte structure of that district from the immediate drilling of a test. The Barnsdall-Foster corporation has one well drilling on the structure and is is preparing for anothe- “wt about a mile east of the present operation, The location of the Standards well wil be about two miles west of the Well now drill! ae Considerable trouble has been had within this well owing to cavios the hole is now cleaned to a depth of 3,650 feet with cusing set, but a strike of tools still remain in the hole, which will have to be removed before drill ing is continued. Some oil is -being| baled as the cleaning progreasea, Black Butte Down 600 Feet, The well of the Black Butte Oll-com- Pany, sixteen miles south of Bridger Mont., has reached a depth of 600 fact which 1s considered as being about half Nay to the pay, with the bit in hard ndstone which has - ing to some extent. bars Roee Operations had been few days while waiting for anon Chicago Prices. CHICAGO, July 14.—(United states Bureau of Agricultural Economics). Cattlo—Recetpts 4,500; market tin. even, practically unchanged; spots on debetween grades beef steers and she stock and other classes weak; part load matured becf steers $10.25: year. ling heifers $10; bulk beef steers $8.85 @9.75; butcher cows and heifers moat. $5.50@7.25; canners and cutters 5; bologna bulls mostly few $5.25; early sales veal to outsiders $10@10.50; pack- ers bidding $9@9. 2 3 r Hogs—Receipts 27,000; fairly d IY active on good light and i ce. ly 15¢ to 25¢ lower, + others slow, bid- medium $10.45@10.70; light 10.80; light Meht 10.20@10.70; pack- ing sows, smooth Sows rought, $9.25@10.25, Sheop—Receipts 1,300; strong to higher; top native tam! butchers; bulk good short, sorted and-straight: culls most. ly $8; 10 cars good Idaho lambs ores feeder ends $13@13.25; best fat handy native ews $8; bulk fat 6.50@7.50. ic $7.75@8.30; killing pigs, Omaha Quotations. OMAHA, Neb., July States Bureau of Agricultural Eco- jum and light butcher hogs 15¢ to 25e lower; heavy, mixed and packing heavy mixed and packing grades $7.75 @ bulk medium and light, $9.25 @10.25;. top $10.45. | Cattle—Recelpts 2,500; all classes generally steady; top beef steers $10.10. Sheep—Recetpts 11.500; lambs slow, about steady; bulk lambs $13@13.25: |best Idahos’ held at $13.50; sheep strong; ewe top $7.50; feeders steady to ea: feeding lambs $13. Denver Prices. | DENVER, Colo., July 14.—Cattle re- Quietness has prevailed at the Car ter during the past week with no com- Standing of the va- of the company is as follows: Powelson, section 3-55-97, underream-| rt. 2, northwest quarter , moving in tools. ‘0. 1, sect-on 18-39-78, Salt Creek, driNing ing at 1,375 Howard No. 3, section 18-29-78, Salt|of Creek, cement setting at 2,09¢-fect. , celpts 894; market steady; beef steers | $7.25@920; cows and heifers $5.25@ | 8.50; calves $7.50@10.50; bulls $2.50@ | 4.50; stockers and feeders $5.25@6.25. | Hogs, receipts 376; market. 15¢ to | 20c lower; top $10.40; bulk $9.25@10.00. Sheep, receipts 428; market lambs | Steady; sheep 25c higher; ewes $5.25@ |7.25; spring lambs $13.00@13.50. | ——_—.____ The shadow of the moon which jfalls on the earth during an eclipse is-usually about 50 miles in dlameter. ‘The Atlantic Oil company is reacy|> 25e] 96. ibs $13.85 to city| Work of remudding just completed native $13.50,| Rotary rig has been erected over this Gereral Asphalt venera! Electric General, Motors Goodrich Co, ... reat Northern pftd. Tilinois Central 106%B Inspiration Copper . 40% International Harvester 99% |Int. Mer. Marine pfd. 71% | International Paper 51 vincible Oil ......... 14% Kelly Springfield Tire . 45 Kennecott Copper ..... Louisville and Nastrville Mexican Petroleum Miami Copper .. Middle States Oli Midvale Steel ... Missouri Pacific . yw York Central. 22.21... ‘. ¥., N. H., and Hartford Yorfolk and Western forthern Pacific Oklahana Prod Packiie OM sess sccnaes 55s Pan American Petroleum Pennsylvania : People’s Gas Pure Oll=..... Loe Ray Consolidated Copper Reading Baits Rep. Iron and Steel Royal Dutch, N. Y. Sears Roebuck 3 130% and Ref Sinclair Con. Of 21% | Southern Pacific 90 Southern Railway . 24% Standard Oil of N. J. 180 Studebaker Corporation Tennessee ‘Copper Texas Co. ... ‘Texas and Pacific . Mobacco Preflucts - Transcontinental Ott - Union Pacific 79% | 17% + M41's United Retail Stores - coe 67% U. 8. Ind. Alcohol .. —- 57%! United States Rubber 62% United States Steel - 99% Utah Copper 6445 Westinghouse Electric 60% Willys Overland .... 9 American Zine, Lec@and Sm. . 17 Botte and Superior ..... 28% Cal_ Petroleum 62% Montana Power 2B Shattuck Arizona . 10B Gerat Northern Ore . 39% PARISNEAR PAY WITH WELL Drilling Report Shows One Salt Creek Well on Top of Sand. No completions are reported by Producers & Refners Corporaton for the week, although one well in Salt Creek is on top of the sand and should be finished within the next few days. The big gasser in Sand Draw has caused considerable trouble, the ter- rific gas pressure having blown the mud from the hole which had been placed there in an effort to case off the flow that the hole might be deep- envd to test the lower sand. This dif- ficulty has been overcome and drilling | with a rotary will he started immedi- ately. One well is being abandoned in the Ferris field. Following is status of wells in the ight butchers most-| state: Salt Creek. 250 off;| No. 6, section 30-40-78, drilling at 3 top| 2,020 feet. $8@| No. 8, section 30-40-78, drilling at few | 1,460 fect. ;| No. 7, section 30-40-78, on top of $10.65@| sand. Will be drilled in ehortly. No. 1, section 32-40-78, drilling at packing | 1,025 feet. Big gas well No. 4 on section 14- Blew out of hole July 4th. well and drilling will-proceed at once. Wertz. ‘0. 2, section 7-26-89, underreaming. Mahoney Dome. No. 1, section 34-26-88, underream- ing at “4,233 feet. No. 1, section 33-26-88, cleaning out 14.—(United | after-rumning 10-inch casing. 2, section 4-25-88, drilling- at Ferris. No. 12, section 26-26-87, underream- nomics.—Hogs—Rece!pts 9,500; med-|1,100 feet. grades uneven, 25c to 50c lower; bulk} in gand drilling at 1,186 feet. Landed 12%%-inch casing atl,174 feet. No, 11, section 25-26-87, derrick. No. 4, section 25-26-87, putting in 3- running 25-26-87, fishing for lost 8%-inch bit. No. 3, section 25-26-87, drilling at 495 feet No. 8, section 25-24-87, rigging up. No. 1, section 35-26-87, pulling 8%- inch casing to abandon. { Pere teatls Brokerage In Chicago Fails NEW YORK, July 14—Fafture of the stock brokerage firm of Nast and company of Chicago was announced from the floor of the New York Stock exchange today. Samuel Nast !s the board member of the firm. pa Wie 2 Ase | “Mect-mo at the Smokehouse,” | Lask Rovaiiy 208 Preston |. oes 02 Mike Henry -........ 04 Mozntain & Guif ...: 102 Nortwest RO 36 Gutwest . " O11 Red Bank 00202022202 a9 Five Tribes Pet. Co. ; 55 Picardy .. 04 Riverton Refg. .....- OL Royalty & Producers. 11% Sunset 06 Tom Beli Royalty 03 | Western Oil Fielés . 64 vind River Retg. ... 02 |Umited Pete . 4 Wyo-Kans 1.00 WyoTex .... 01 |Western Of Fields 66 Western States 31 ¥ on 15 16 Salt Creek Pras. af 16.62 Salt Creek C ‘ 12.75 Prod. and BR . 10.00 Cowden ... a 46.00 Marine .. . . |Mutual ...... 5 Allied Chemical & Dye 69% LOCAL of STOCKS, Allis Chalmers ¢ 63% /Big Indian _....... 2 American Beet Sugar 44% | Boston Wyoming 3 Amerikan Can . -- - 65% | Bessemer ....... a3 American Car and Foundry |°. 1644 | Buck Creek Br) ‘ynerican Hide & Leather pfd 70 |Burke ..... 23 American International Corp .. 42% |Biack Tail ‘a1 American Locomotive .... Blackstone Salt Creck 27 i American Smelting & Refs. i'-_ 61% areal Sapa a“ 21 merican Sugar ..... Ness 78 Columbine ae a Sumatra Tobacco bn | Consolidated Royalty, 1/32 American T. and T. Capitol Pete Ke American Tobacco . Cow Gulch 03 ‘ American Woolen ce nae . 4 Anaconda K2is | orn : Atchison ES 101% |E. T. Williams 64 Atl, Gulf and West Indies __. 36%, |Compass : i Baldwin Locomotive ... | rants Gates Jupiter Coastal |..... Kinney Coastal Lance Creek Royalty . NEW YOr CURB CLOSING. Mountain Producers .$ 14.87 §$ 15.12 Merritt 9.00 9.50 Glenrock Oil 1.00 1.25 8. O. Infitiw, . Cities Sryi20 Com. Fensian . New Yorl Second 44s Third 4%5 . “ourth 44s . Victory 4%s . Ss Grass Creek - Elk Basin .. Lance Creek Hamilton Dome Rock River Salt Creek .. Big Muddy . Mule Creek . teams odin AL NS NEW TESTS SPUDDED IN. A test has been spudded in by th Tarront Syndicate, composed of Sheri dan capitalists, on section 4-38-78, out side of and adjoining the Teapot Siay- al reserve. This well, if successful, will prove hundreds of acres of land and its progress wili be eagerly watched by the operators in that dis- trict, pe Ae WYOMING OILS| NEW YORK, July 14.—(By The As- sociated Press.)—Prices of Wyoming oflg at 2 p. m. today were listed on the New York curb as follows: Boston-Wyoming 83; Glenrock 1) Merritt 9%; Mountain Producers 14%; Mutual 9%; New York 27%; Omar 1 13-16; Salt Creek 16. eo eee NOTICE TO HOLDERS OF EQUALITY INVESTMENT COM- PANY BONDS. The Wyoming National Bank of} Casper as -Trustee for the bond- holders of the Equality Investment Company will retire $20,000 par value of bonds of said company on July 27th, 1922, by purchase from the lowest offering. WYOMING NATIONAL BANK. Publish July 14, 15. 17, 192: Mexican Petroleum Rebounds Ten Points from Early Depression, NEW YORK, July 14.—Stocks were irregular to heavy in the first ha'f of today’s session but fehounded vigor- ously later under lead of ofls, equip ments and motors. Sales approxi- mated 750,000 shares. ‘ Shorts were driven to cover/in the final hour when Mexican Petroleum rallied almost 10 points from’ {te low of the morning. The geueral list also showed distinct improrement. The closing was firm, NEW YORK, July 14.—Selling o foreign oils, especially the Mexican division was resumed fn fairly large volume at the opening of today’s stoct: market.” Mexican Petroleum “soor showed a loss of 2% points, Pan-Amer ican Petroleum and Seaboard dupil cated heaviness. Independent steels chemicals and several of the motors were lower by fractions to 1 point but rails were not perceptibly depressed by latest aspects of the strike situa- tion. People's Gas was conspicuous among i> utilities for its two point gain and (.~tral Leather, Coca Cola and Famous }‘xyers were moderately higher. Foreign exchanges were steady and continuance of vasterday easy money rates was expected. Mexican Petroleum suffered an ex treme loss of 2% points during the morning. Kindred shares, as well as several of the domestic ofls were 1 to 2 points lower; seliing embraced the independent steels, high grade equip- ments, Studebaker, American Can, American Zinc preferred, Davison Chemical, and Pacific Mail at declines of 1 to 2 points, with 2% points loss for Western Union. Aside from the heaviness of St. Paul preferred Wheeling and 1xe Erie preferred and Western Pasific preferred, rails were relatively steady. Consolidated Gas People's Gas, United Fruit and Stand ard Oil of California, were among, the few comparatively strong stocks, Call money opened and renewed into next Week as 3 pir cent. Cessation of pressure against the oil group and concerted buying of vari- ous popular industrials caused a brisk advance in the afternoon. Declining money, rates, the notable strength of Uberty’ bonds and the duliness of rail- Toad stocks, despite the: un-ertaintles of the labor situation promated rath- er more general buying for both ac- counts. Amerjcan Can, Studebaker, United States Industrial Alcohol, Col- umbia Gas, Endicott Johnson, Ameri- can Ice, National Lead, Wiilys-Over- land preferred and Trans-Continental oll were favored with resultant gains of 1% to 2% points. Silver. NEW YORK, July 14.—Foreign bar Silver 70%c; Mexican dolars 53%c. Metals. NEW YORK, July 14.—Copper firm; clectrotytic spot and later 14c. Tin easier; spot and nearby 31.00; futures 31.12. : Iron steady; prices unchanged. Lead steady; spot 5.70@5.75. Zinc steady; East St. Louis spot and nearby delivery 5:75. Antimony spot 5.00@5.25. Exchange, Easier. NEW YORK, July 14.—Great Brit ain demand 4,44; cables 4.44%; 60 day bills on banks 4.42%. France demand 8.17; cables 8.17%. Italy demand 4.53; cables 4.3534. Belgium demand 1.76%; cables 7.77, Germany demand .215; cables .21%. Holand demand 38.70; cables Norway demand 16.50. Sweden demand 25.65. Denmark demand 21.45 Switzerland demand 1) Spain demand 16,57. Greece demand 2.85. Poland demand .01%. Czecho-Slovakia demand 2.15. Argentine demand 35.75. 104% 102 101% 100% 101 105 108, % 109% 101 TR% 10s 7%, 1925. 103% ~ 63, 1987 . 101% 101% 88% 301% Copper Expt 1984 toe x 103 Copper Expt, a Cub. Am. Sug, fs. 1931- 106% Cuba R. R., 7igs, 1936 .. 103 Cuban Tel., 79, 1941 .. 106% Czechoslovak, $s, 1951 .. 95% (wan. Con. Mun. Bs, 1946 - 10 Del, & Hud., 5%s, 1937 .. Dex., 6s, 1942 . 98% Denmark, fs, 1945 110% DuPont 7% Framerican, French Go French Gov., 7% Great Nor., 5%s, . 1936 .. - 6s, 1924 . LaBelle Iron, 6s. 1940 Jap Gov., 4s, 1931 95% 105% 94% aH + 108% Packard, £9, 1931 107% Penn. R. R., 78, 12 > 108% Penn. R. R. 6448, 936 .. 708 Paris L. M. R. R., 6s, 1958 78% Queensland, 6s, 1947 ,... 109% Queensland 6s 1947 - 101% Seine 7s, 1942 . + 90% Sin. Crude Oil, 5%s, 1925 98% 99 Sol. & Cle, 8s, 1927 . . 105% 106% Southern Ry. 100% 100% 8S. W. Bell Tel. + 105% 105% 103% 203% Swiss Gov., 103% Uruguay, 88, 1946 ~ 103% 104% Vir. Ry., 5s, 1962 - 95% 96 Whit, Gless., 6s, 1941 .. 97% 98% Pac. Tel. & Tel., 5s, 1952.. 92 e2% Union B. & P., 6s, 1942 97% Brasil demand $12.75. Montreal 98 15-16. Money. NEW YORK, July 14—Call money easy; high 3; low 2%; ruling rate 3; closing bid 2%; offered at 3; last loan 3; call loans against acceptances 2%; time loans easier; 60 days, 4; 90 days 4@4%; six months 44%@4%. Prime mercantile paper 4@4%- Silver. LONDON, July 14.—Bar sflver 35% 4) per ounce. Money 1% per cent. Dis- count rates, short 1 13-16 per cent; three months 1% With the QilMen | J. J. Mahoney, inventor and owner of the Mahoney pipeline ditching ma- chine now being used by the West- ern Pipeline company, has” returned from a two weeks’ visit to his home in Kansas City. * A party composed of R. M. Young. vice president; J. J. Conry, general superintendent, and W. T. Funk, su- Perintendent of operations: in the mountain states, of the Carter, Oil company, arrived this morning on a tour of Inspection of the company’s operations. The day is being spent in the Salt Creek and the Billy Creek fielts. obs. SL nik ts —Try a classified ad in the Tribune.— * Surveying and Locations Geologists Oil Experts Oil Field Maps, Blue Prints WYOMING MAP AND BLUE PRINT CC. P. O. Box 325 Room 10, Daly Bldg. ) Sees Wonderful Future for City this city is only in its infancy. and has a wonderful future. He also states that in’his opinion Casper is a good place for investment or for a young man to get a start in life, ow- ing to its wonderful opportunities. Mr. Cole is visiting the Salt. Creek field today and leaves for his home in Fargo tomorrow. Ho» states, however, that he will be back the first time he cam find a good excuse. MOUNTAIN AND GULF IN SAND The Mountain end Gnuif On com- pany is Grilling in a well on section 11-40-79, Salt Creek. ‘With the tools 50 feet in the sand it is flowing at the rate of 1,500 barrels per day and it ts expected that when completed it will reach the 2,000 barrel mark. This discovery adds considerable Producing area to the north end of the field as it is outside of what had pre. viously been proved. The c@mpany is now marketing about 3,000 barrels from the field daily, outside of the new well which will e-ine under the forty per cent prorata, ee WANTED—Combination stenograph- er and bookkeeper for temporary york; one having experience with Remington accounting machine pre- ferred. Bx A-79, Tribune. 7-14-2t-dh FRIDAY, JULY 14, 1922. NEW PIPELINE NOW AT TEAPOT Rapid Progress Being Made th Construction of Sa: Creek. Carrier. ‘The Western Pipeline company hat completed its line to the Teapot sta- | tion of Midwest Refining company and a test of the line will be made within the next few days. A crew is now workirg at the Midwest tank farm here, cov-.cecting the line with storage tanks and > is understood that oil will be flowin); through this Tine and into the tanks the early part of next week. A contract for tank grades, fire walls and other ground work to be done at the Western's terminal, west of the Salt Creek highway, has been let to Sharrock and Purcell, and work will be started immediately. Contracts for storage tanks will be let early in the coming weeb.. A contract has also been given the Contental Supply company for 12- inch pipe and fittings for the construc- tion of a.600-foot loading rack which wil have a capacity of 20 cars initial. ‘The capacity may be easily doubled by laying a track on the other side. TYPEWRITER BARGAINS Underwoods, Remingtons, L. C. Smiths, Royals. Repairs and Supplies. Typewriters for Rent. CASPER TYPEWRITER EXCHANGE 230 E. 2nd St. Phone 856 eee Save National Certificates and Receive a Com- plete Radio Set and Other Gifts. steel products. ANNOUNCEMENT r. A, E. Crockett, manager of the Educational and Specialty Department of the Jones & Laughlin Steel Company, Pittsburgh, Pa., will lecture at Odd Fellows Hali Saturday evening, July 15, at 8 o’clock, on steel manufacturing as-carried on by his company. He will illustrate the various processes with lan- tern slides during his lecture. The public is cordially invited to attend, especially oil and gas producers, oil and gas well drillers and all others interested in the use of oil well casing, tubing, line pipe and other Frick-Reid Supply Co. Casper, Wyo. District Agents Building Materials Weare equipped with the stock to supply. your wants in high grade lumber and build- ers’ supplies. Rig timbers a specialty, KEITH LUMBER Co. Phone 3 EPO POOL OOOO OOS SOOO e+ Oooo ooeseeene ~ Cotes —EE ome 1 OEE OER LN I