Casper Daily Tribune Newspaper, July 25, 1922, Page 8

PAGE E‘SHT MARKET GOSSIP AND FIELD NEWS TWO NEW WELLS IN OSAGE FIELD === A new completion by Harry Briggs, the fifth producer ts be opened on section 31-47-63 of the Osage (Wyo.) field, is rated as the best shallow wel! ever opened in that district. At about 400 feet the oil sand was penetrated and an initial flow of 91 barrels a day resulted. Fletcher Oil company is d WHEAT PRICE SLUMP HALTS rilling in a good producer dn completion within ten days’ time. A | well comipleted last week is still flow- ing under good pressure. | On section 31-46-63 the Tom Don Oil |company has spudded tn for a new well and has moved a rig to section 7-45-63, on which work will be started s00n. The Glenn Of com: has con- tracted. for the drilling 0 wells on section 30-46-65 and work is now prog- section 17-46-65, marking the second) Bald: Colorado Fuel and Tron Corn Products . Crucible Steel AFAGTION HTS STOCK MARKET Quotations - Move Upward When Professional Pres- sure Is Relieved. NEW YORK, July 25—subseqnen on of yesterday's eee caused & general rebound in the stock market today. Industrials and spe- Clalties of various descriptions made extreme advances of 1 to almost 5 points. Sales approximated $00,000 . al g ee were at highest levels of the Gay in the final hour, profit-tak ing making lUttle impression. Exten- sive short covering was continued In the motors, olls and steels. The close was strong. Py NEW YORK, July 25.—Selling of ‘Kinney oGastai 112.11 Lancg Creek = tants Preston -- Ed) Quotations Furnished by the John U. Fis —/ Securities Corporefion, Cheyenne, Wy Vegetables and Fruits Decline, CHICAGO, July 25.—Potatoes, ap- ples, peaches and cantmloupes suffered slight declines during the week ending} yesterday, according to the weekly re-| Chil ort of the United States Bureau’ of Agricultural Economics. Apples un- derwent the greatest price change, the market being slow and dull in eastern cities. The declines in cantaloupes mostly in Arizona stock. Supplies Were liberal in most dities. REPRE? $ Pio peer 8 §5 TUESDAY, JULY 25, 1 —————» CALL WANTED By the C. B. &Q.R.R. MECHANICS AND HELPERS FOR PERMA. NENT POSITIONS Machinists, boflermakers, black. smiths, sheet metal and electrical worksrs, 70¢ per hour. the general list was resumed at the} Watermelons declined $50 to $15 a Helpers for these crafts, 4Te per “osi Is Slightly Stronger] essing on the third wen. aes Sa: Ye ecsscoce yee opening of 5 at ity | C@rload in Philadelphia, but were firm hour. gone Vautaeting: het De Drilling has been started by Mid-| Famous Plavers Lasky . Royalty and Producers Sesen “the ‘enviies ieatren Tatts, Seer sarees, Passen, repairers and in - . west nd Guilt Ou - iP! os ao Pe . ‘2 care - and Is Stil) Slow, ve ep om on eatin inter paves Aspbet dom Bat saa Petroleum and Standard Oil of Call. ‘each prices were generally firm, al-|Framerican, 74s, 1942 conrpany on the north-west of section Western Exploration fornia, fort=iting large fractions to . 1% though slightly weaker in New York| French Gov., 8s, 1945 . ers: spectors, 70c per hour. United Pete Poins with Pan-Amrican, Sinclair a:a|®"¢ Pittsburgh for Georgia Blbertas | French Gov., 74s, 1941 Freight car repairers and inspec. GHICAGC, July 25.—Wheat turned] 36-46-63, recently taken over under Wyo-Kans Invincible. Coca Cola, American too. OTS Eras iGreat Nor. Sigs, 1952 tors, 63c per shour, upward in price today Curing the early | lease. Wyo-Tex 2ub- transactions, offerings being limited and the Liverpool market appearing to reflect fully yesterday's weakness fn America. Talk was current that rural folders had largely stopped selling. and it was pointed out that the amount of wheat afloat for Europe sho.ed a falling off as compared with a week ago Commission houses and shorts were the chief buye-+ The opening. whieh varied from unchanged figures to %e higher with September $1.67% to $1.08 and Decemttr $1.09% to $1.09%, was followed by moderate gains all around Shippers here said bids for wheat already loaded were strong, Dut It was hard to get an attractive bed on wheat for more deferred shipment Owing to the rail strike, buyers were reluc- tant to assume the risk of delay In ob- taliing ddivery. ‘The market closed unsettled, at the came as yesterday's finish to 20 higher with Sept. 1.07% to 1.07% and Deven ber 1.09% to 1.09%. Corn and oats lacked any aggreattve support. After opening « shade to %e lower, September 62%c, the corn mar ket centinued to sag. ‘The bulk of trading consisted of Water encountered at 1,700 feet in the test of the Webster Oil company ing is proceeding. i Bachellor O!! company is spudding in for its first well on section 21-45-63. In the Upton section of the same dis- cation three miles north of where a test will start soon. The Page Oil company of Crescent, Upton Towa, has leased’a large acreage in the same vicinity on which operationa will start soon and the Wyoming De- velopment syndicate ts resuming drill- ing on the Haden Ray place. The Neviin Ol! company ts moving a rig to Clay Spur from the George Reeves ranch, where a shallow test ‘vas abandoned at 450/feet. New Gasser . Completion of a large gasser, pro- duction from which fs as yet unesti- mated, {s reported from Rawlins, Wyo; by Good and Nutting on section 1-25- 88 of the Mahoney dome. The well was Grilled into the sand 45 days from the date it wus spudded in, setting a on section 1-46-63, Bock ranch, has|Int. Mer Marine pfa. been cased off successfully and drill-|J"ternational Paper . trict of the state the Iron Creek Oil] Miam! Copper company has transported a rig to a lo — States 01 Invincible Oil ...... Kelly Springfield Tire Kennecott Copper ... Louisville and Nashville Mexican Petroleum idvale Steel Missouri Pacific New York Centrai N. ¥., N. Rep. Iron and Steel Royal Dutch, N. Y. Sears Roebftck . Sinclair Con On . Southern Pacific Southern Railway . Standard Oi! of N. J. Studebaker Corporation Tennessee Copper Texas C Consolidated Gas, United States Rub- ber, Sears Roebuck and Sumatra To- bacco also were heavy. Fractional dectines were made by high grade rails inctuding Canadian Pacific and Read- Ciaespekke and Onis’. ing. American Sugar was the only eo on 11g|Uctive issue to show firmness, ad- tensy wa tg SO 6 1#°20| Vancing one point. Salt Creek Cons. The market turned upward on short rod! ana“ ieere covering before the end of the first Marine hour. Steels. equipments, motors, cop- Mutual pers and food and chemical specialties: Western Ot! Western States ¥Y on . Mountain Producers .$ 14.12 $ 14.37 8, O. Indiana were tho active features, Republic eee = Crucible and Gulf Stesis rose 1 %o 1% New Sor ‘points. American and Baldwin Loco- riotives gained 1 to 1% and Stude- $100.96] baker and Chandler recovered much 101.10] Of yesterday’s losses. American Smelt- 100.88] ing, American Sugar, Allied Chemical +++ 101.44] and Industrial Alcohol advanced 1 to 2 points. Ratis also strengthened, es- pecialiy Atchison, Baltimore and Ohio, Chesapeake and Ohio, and New York Central but Atlantic Coast Line was heavy. Call money opened at four per cent. Trading broadened on the more gen- eral improvement shown by the list during the mid-session. Buying of confident character developed in the motors and coppers. Rails strength- ened their position under lend of the Fourth 44s Victory Crude Market Mule Creek Big Muddy | Great Nor. | Hock. Valley, 6s, |LaBelle Iron, 61 |Jap Gov., 4s, 1931 . WYOMING OILS NEW YORK, July 26.—Prices Wyoming oils Jap. iE 7, Gov., 1 BostonWyoming 75; Fensland.14%;| Packard, Glenrock 1 1-16; Merritt 9; Meuntain| Penn. R. R Producers 14%; Mutual #%; New | pari York. 24; Omar 1 LM. R. ari 16; Salt Creek 15%. | Queensland, | Queensland ored war veteran at Washington, D.| Stine is, ©,, bored a hole through a wail of the | S!?- building ‘n which the Washing‘on bu- Sol. & Southern 1942 Crude Ol, Cle, Ss, reau is housed, stuffed paper into the|S. W. Bell Tel. room and then touched a match <o !t. | Swiss Gov., 8s, Iie wanted to destroy the buroau’s rec-| Swiss Gov., 64%! He Is bs'nz bela for; Uruguay, 8, ods, he said. menial examination. ou Ry., 5s, Ry., 6%u, i961 1s, 1925 . 940 1936 . 1924 1940 Pac. Tel. & Tel., bs, 1952 For the first time since the United| Union B. & P.. 6s, 1943 States declared war, the flag of the ‘To replace men on strike against Gecision of the United States rail. bor Special attention given to train ing young men with or without ex perience in mechanical work. Choice of locations offered. Men who have wanted the cpportunity to locate in the west should ship at once—before these attractive preitions are filled, ‘Transportation, board and ledge ing free. Call on or write to MASTER MECHANIC, c.B.&Q. RR. German Republic was dispiaye from the Germany Embassy at Wshington, huly 4. Forty Nebraska world war veterans, dscorated by the American and alited oy : of December |New record for obtaining production Srangers and coalers and independent} governments for extraordinary hcro- mets ey aaa teiabiers Export-| in that territory. Tobacco Products - ;steels made additional gains. iam, will be the guests of honor at the wore less active than of late. The Transcontinental Ofl cor vention of the state American Le- Gloss wan weak, at %4 to 1% net de- Consolidated Flow Increases Union Pacific ... Silver. gion posts to be held in York, Neb., clove Wate September €2%@% to| Consolidated Royalty’n Richardson | United Retail. Stores NEW YORK, Julq 25.—Foreign bar| September 18-20. pir No. 2 is now on test and is showing | tateq nie Acono! silver 69%¢; Mexican dollars 53%e. Oats started unchanged to Yc high-|* flow equalling the best in that seo-| United States Stent. Greynall / — ee hee nie ete ex, September 3 % to 33% and later underwent a mode ) te gener tback tion of the field. The first day's run showed 2096 barrels and the second | 1643, Utah Copper Westinghouse Electric Grass Creek Metals. iventone NEW YORK, July 25—Copper ‘Thomas Taylor, tonal vice chairman, na- legislative comnmittes of the Tae Peeeceettill k de-| The final run of the threeday| Willys Overland ..... Hamilton sheedy; ‘electrolytic spot and futures| American Legion todry, answered at- oxtace Be eiieanten kes | test ts being made today and the aver-| American Zinc, Lead, an Cat Creek — 13%014. tacks on adjusted oympensation as spite hic |age is expected to hold up big. Butte and Superior - ‘Tin firm; spot and futures 32.12. | follows. * sit Richardson N ; Cala, Petroleum Iron steady end unchanged. “In its Igtest attack upon adjusted Otoain Quotation. oe recone pipet soctdalh od eyo Montana Power Great Northern Ore .:. Lead quiet; spot 5.70@5.75. eagles, eee r ings veterans, _ Ope Tie Low saa | locatibry and wine building merigeite: Shattuck Arizo: Chicago and Northwestern Zine firm; East St. Bouts spot and| he Chamber of Commerce of the United WHEA = 310 The Billy Creek test being drilled nearby delivery 5.90@%. States quotes statistics to show that ay o 4, 1.07% | Jolntly by that company and Western Antimony spot 5.17@5.37, non-service workers received wage in- ee Ge oa 1.09% Exploration on the southeast quarter Foreign ix coand) A gioed prince apteepy fateh ey Larter . | tion 17-49-82 2 on change, Easter. CoRN— SO ie ti section is drilling at 2248 NEW YORK, July 25.—Great Brit-|figures in an effort to minimize th July. - - aa te 3% 5 ain demand 4.45; cables 4.45%; 60 day/financial handicap suffered by the Gig: a/-'s 3 ete bills on banks $4.43. , solf_ier because of his service. The Dec. . — — 58% 59% .58% Dice Fa France demand 8.30%; cables 8.31. |chamber admits, however, that in ship OATS— 51% {cnectace Metuabtce eae ee ae cet Italy demand 4.59%; cables 4.60. |building yards, and a very few special Bent toy aes 35% | Lake Basin field, 30 miles northwest} German demand .19%; cables .19%. thonthiy. eee paid. Fal male 35 Dec. . . — 36% 86% 86% 36% Rite 2 pees eae oe iow Holland demand 38.80; cables. 38.85., ‘The chamber’s argument. upon this LARD— 900 \anren tied siaekseee: equired 3, Norway demand 16.79. question is unique, for it fails to com- Sept »— - TL57 11.07 1147 11.47/20 ners in that dis ce Sweden demand 25.95. prehend that the financial handicap Oct. — — — 11.60 11.60 11.53 11.52 duatioes oo beeese riley a the Denmark demand 21.47. suffered by the soldier was not the nS 31.00 | pected that-If the well now drilling b Buyitzeriand demand 19.60. difference between the war wage ESAS eet 11.12 11.07 1107. |the Barnsdall-Foster corporation to the Bet SRSA BS: Sh PORMRE Was: BEE AotmnliE pee toe Butter and Eggs. CHICAGO, July 25.—Butter lower; creamery extras 22%o; firsts 28@281%4¢; seconds 27@27T%c; standards 31%c. Eggs lower; receipts 17,627 <rses; Yirsts 19@20c; ordinary firsts 18@ 18%c; miscellaneous 19@19%c; stor- age packed eztras 21%c; storage packed firsts 200@21c. Potatoes. CHICAGO, July 25.-—Potatoes weak- er; receipts 136 cars; total United States shipments 547; east shore ir- ginia cloth top barrels Irish cobblers $2.28@3.40; Kansas sacked cobblers $1.45@1.60 cwt.; Kansas sacked early *hios poorly graded $1.00@1.10 cwt; one car very dirty and small 75c wt. Nebraska sacked early Ohios $1.35 deep sand is successful that additional! | wells will be drilled to this formation also. Beck & Snyder have made « location ‘or a well on the southeast quarter of section 17-3-9 in the same field and will start operations as soon as a rig can be assembled. Moore Well No. 1 near.Gibson, ts standing at 410 feet but drilling will goon be resumed. “ The Barnsdall-Foster corporation is still fishing for tools at 3,700 feet in its deep test, but better progress s| being made at-present and it s beleved| that ths dfficulty will soon be over- come. ‘Standart Of company of California has cut the price of crude ofl 250 per barrel in the California fields. Sarees ee Si Greece demand 3.10. Poland demand .01%. Czecho-Slovakia demand 2.25. Argentine demand 36.75, Brazil demand 13.62, Montreal 99 5-32. Money. NEW YORK, July 25.—Call money steady; high 4; low 4; ruling rate 4; closing bid 4; offered at 4%; last Ioan 4; call loans against acceptances 3%; time loans steady; 60 and 90 days 3% @4; six months 4@4\%; prime m cantile paper 4@4%. are eligible to $15 a month benefit tt the veteran {s being maintained in the hospital by the government. Several thousand Iowa legionnalres fifference between the war wage quoted by the chamber and the $30 a month received by the soldier while he wore the uniform. “As another argument against ad- justed compensation, the ch:mber ‘Btates that Secretary Mellon estimates ‘@ deficit approaching $500,000,000 for the next fiscal year. This same old cry of “wolf” has been eminating from the treasury perennially. The cham. ber seems to have forgotten that only I hereby announce myself as a candidate for the office of Sheriff of Natrona County, on the Democratic ticket, subject to the will of the voters at the Primary election, August 22, 1922. James E. Lynch last December the secretary estimated the deficit would be $25,000,000, and that when the books were closed on July *, instead of ths predicted deficit, there was a surplus of $313,000,000. “The spectre of ‘frozen credits’ is also revived by the chamber, as an argument against the banks lending a few millions to needy soldiers on Casper Ice and Cold Storage their proposed adju.ted service cer- tificates. With Wall Street lending ‘billions for new financing, and ‘per- manent easy money in sight,’ the frozen credits fallacy has been ex- ploded. Billions are going to foreign countries. “The adjusted compensation bill which passed the lower house by a vote of 333 to 70, will shortly beconis a law. Sixty-seven of the 96 senators have stated in writing that»they wili vote favorably upon it. x Make all complaints direct to will be adjusted immediately. Third and Elm Streets H. P. BUBB, Owner. owt.; Minnesota sacked and bulk early Obios $1.10%1.20 cwt. will come to the national American Legion convention next October in five special trains, according ‘to a rep- resentative of the Iowa department, who visited New Orleans to make ar- rangements for parking fifty-seven Pulman cars in which the Towans will live while in the southern city. H. P. BUBB and they $18.50; steers $10.25 yearlings 9.50; oth- er grades slow. and weak; cows and heifers, bulls and veals generally L . E k M t RON stockers and feeders dull, low- Sheep, receipts 13,000; market most- ly 25c lower; bulk western lambs $12.00; ewe top $6.85; western lambs $11.85. - Telephone 493 Former service men in Pennsytvania have received $40,000 in claims front the government during the last month through tho efforts of the Pennsyl- vania American Legion. Chicago Prices. CHIGAGO, July 25—(United Btates Bureau of Agricultural Economics.)— Cattle, receipts 8,000; slow; early sales beef steers steady to strong; spots shade higher; few choice beef steers $10.25@10.40; good to strictly choice and prime offerings scarce; beef steers $4.60@ 10.00; calves strong, 25c higher: [Political Advertisement] For Representative In Legislature July 25.—Cattle— Receipts 400; market steady; beef steers $7@9; cows and hetfers 35@8; calves $5@7.50; bulls §$2.50@4.50; stockers and feeders $5@6.25. Hogs—Receipts 1,700; market 100 to The 8. 8. President Pierce wil car- ry 200 members of the American Le: gion and the ‘Legion Auxiliary to * Here's John D. Rockefeller, world’s richest man; as he 160! rd birthday anniversary. He spent the day by going to pind ‘own, N. ¥., and taking an auto ride through the Pocantico Hills. A hero of the world war, five times wounded at Chateau Thierry, but wwith- out work and with no prospect of gov-| France, sailing from New York, Au- R I hereby announce myself a candidate on the early cows and heifers mostly $5.00@|20c higher; top $10.50; bulk $9.50@ ernment compensation to which he|sust 5. The party of former service epublican ticket for the office of Representative in 7.46; canners and cutters largely 13.00 | 10.45. was entitled, Daniel Webster of Phila-| men, thelr wives, sisters and mothers @3.7% bologna bulls mostly $4.60q| Sheep—Receipts 260; market un- will tour France, England and Bel- delphia, Pa., committed suicide and would have been buried in a potter’ ae ae caine astpspatad - va Meld 1 ‘Legion mi & few receptions and pu! Bee goutt Meee lo affairs have beon arranged in the chief cities to be visited but these will not in any way interfere with the per- sonal businéss or pleasure of any member of the party. Detailed infor. mation concerning the trip may be ob- tained from “Second Annual European Pilgrimage,” care The American Le- sion Weekly, 627 West 43rd street, New York City. the State Legislature from Natrona County and solicit the support of ee Republican vot 4 i i to be held August 22, 1922, pu cas aa Marvin Bishop, Jr. 475; bulk vealers early $9.25@9.50. Hogs, receipts 23,000; market opened steady to 15c higher on butcher grades ewes $5.76Q6.25; changed: spring lambs $1K60@12.25. (THE AMERICAN LEGION News of Interest to Ex-Service Men Featuring National, State and Local Activities. given him « decent burial. Padding’ down the Missouri and Missiasipp! rivers, two members of the American Legion post at Chilli- cothe, Mo., will travel by canoe to the Police officials of Kansas Clty were| Legion national convention at New pleased concerning the way tn which! Orleans, La., in October. the 150,000 visiting ex-service men con. ducted themselves. ¥ board of inquiry has pro- As proof that the men dia nothing | claimed Julian V. Stahischmidt a hero. distasteful, Superintendent Molony| He was killed when he tried to stop NEW ORLEANS, July 25,—One thousand uniformed members of the American Legion wil! xssist the police > later all early advance lost; closing} steady to 160 lower than Monday's av- erage; top $11.00; bulk $8.86@10.85; mized grades slow, weak to 1c lower; bulkigood butchers $10.15@10.85; pack- ON NEW PLAN in handling the 160,000 visitors ex- pected at the American Legion na- ing sows, mostly $8.00@8.75; pigs steaty mostly $9.75@10.35; heavy t After considerable delay awaiting the |#onel convention in New Orleans nex weight $10.15%10.45; medium $10.40@ | 10.85; Mght $10.80@10.90; ight light} $10.40@10.80 packing cows, smooth $8259.00; packing sows, rough $17.75 HANKOW, China July 25.—A char- ieee Octebe: ‘anno! id Kansas City officials would wel-|a rnnaway tank during the American | ter has been granted for a post of the ; Snes, 5 val of dateyed atipinentssoCienee: {i. elice Paper eoREMN e come the opportunity to have the or-| Legion's memorial day parade in New| American Legion here, and it’s planned Wat steady; top western lambs $12.85;|/8¢Fy material, work is now progressing ganization again choose Kansas City aa| York. A medal in recognition cf his|to establish a branch of the woman's er Rent ue rapidly at the plant of the Texas com-| The Legionnaires will aid the police pany east of the city with over 100/17 regulating the large crowds throng- men employed. ing the parade route and will serve Ali material te now here that there|#® Provost guards in the business seo- is immediate use for and over seventy | tone. A former army Si rig eed carloads are now in transit. Founda-| Will be Diaced in charge |tions for stills are now being iaid and | Sard force. je During a recent trip to-Ransas City, foundations for stacks will be started |). ceintendent. Molony investigated short deck choice natives §12.75 to city butchers; packer top $12.25; cull na- tives moatl $7.50%8.00; sheep scarce; fat native ewes $3.00@7.00; heavies on bottom; early sales feeder lambs $12.15 @12.25; steady with late Monday. auxiliary, owing to the number of women in this vicinity who are elig- thle, ‘ The post commander, John Harvey Ross, explaining the purposes of the organization here said: “Our activities will be devoted mainly to the protec- tion of American ideals.” their convention city. In fact, Kansas| valor has been presented to his moth- City endeavored to have this year’s | er. convention held there. —_——_ Only 2,00 of the 5,000 world war Disabled world war veterans who/| veterans believed to be eligible for aid have taken up homesteads on a. 3,500/ have applied for it under the recently acre tract of land in Minnesota have | passed New York state law which sets refused to accept the government’s|aside $1,000,000 for disabled and un- If not paid August 1¢¢, penalty of $1.00 is added to your bill and water shut off until paid in full. v United days. lowing this, con- suggestion that the various plots be| employed veterans. ‘Ihe state author. pecee amen oe Aeon eens prt td pees will progress |Couaitions prevailing in that city dur- | PAFSCTO” Uh creat battles of the| ities have asked the American Legion re x Ing last year’s American Legion con- Ay : nomics)—Hogs, receipts 15,000; early trapidly. : te war. “Our-wounds and ailments aro|to bring,the act to the attention to its vention. He discovered that city and rales steady to strong: closing dull,| The Burlington switches are ell com- 25 to 25c lower; bulk mixed-and/pack-|pieted and are in use and work has sng grades $8.00@9.00; bulk 200 to 225|been started.on the transfer between|a shipment of {ts own trucks which are pound butchers $9.25@10.26; top $10-50.| that road and the Northwestern which! now’in service and everything is mov- Cattle, receipts 5,000; good and|will greatly facilitate shipping when ing along according ta schedule with choice fed steers. fuly steady; top|completed. The company_has recieved no further delays anticipated. suffictent to remind us of our experi-| members in order that as many needy ences,” they say. men as possible may benefit. WATER COMMISSIONER. Under a modification of the New| ~Deciaring his claim for disabiilt York veterans’ relief act, dependents} disregarded by the United States Vet- of disabled exservice men in hospitals erans’ bureau, Garland B. Carr, col- i ,