Casper Daily Tribune Newspaper, August 7, 1922, Page 7

MONDAY, AUGUST 7, 1922. MARKET GOSSIP NEW DRILLER ON ANERTON rst | American Drillers having a contract AND FIELD NEWS) on the Connolly Oil & Landj company well, north of Riverton, have given up the contract | American and the company is now continuing the hole with day labor: Water is now being shut off at 1,530 feet and job is completed the hole will WHEAT PRICES WEAKER AGAIN Rally Leads to ; to Slight Recov- ery Near End but Closing Is Lower. CHICAGO, Aug. 7.—Wheat showed a tendency to decline in price today during the early dealings. Liberal re ceipts here, 825 carloads, had a bear ish influence, and hedging sales found the market without adequate buying support until new low record prices for the season were reached in the De- cember and May deliveries. A heliday at Liverpool, interferring with export business acted as a further weight on the market. The opening which va- ried from unchanged figures to lower with September $1.06% to $1.06% aud vecember $1.06% to $1.06% was foliowed by a moderate general setbacs. Gossip that the international con- ference starting today might do quick work toward evolving credits for the purchase of foodstuffs led to slight rallies later. The close was unset- tled %o to 1%0 net lower, with Sep- tember $1.05% to $1.05%, and De camber $1.06% to $1.06%. Corn estimates which were con- atrued as bearish led to weakness in values in vorn and oats. ing % to to 61%, to sag. Subsequently, a decrease of noarly ix million bushels in the visible sup- Yc lower, September 61% the corn market continued ply total tended to check selling. Tho close was steady, ({@%c to %W@ic net lower, with September 69%c to 60%c. Oats started % to %c lower, Septem- der 32% to 32%c and held at about the initial range. Provisions were depressed in with grain and hogs. line Closing Quotations. Open. High. Low. Close. WHEAT— Sep. — — — 1.06% 1.06% 1.05% 1.05% 1.08% % 1.06% 111% 81% 5b 603%, 59% 56% 59% © 32% BEM 88% - - — 10.85 10.85 = 10.75 10.82 Sept.--._——- —— Potatoes. CHICAGO, Aug. 7. receipts 44 cars; total United States shipments 574; eastern shore Virginia barrel cobbiers $2.756@3.00; Minnesota early Wnios sacked $1.25@1.45 cw! Nebraska sacked Early Ohios poor quality 90c@$1.00 cwt.; Maryland bar- rel cobblers $2.75@2.90; New Jersey sacked cobblers operators asked $1.7! buyers offering $1.65 cwt.: Butter, Eggs, Poultry. CHICAGO, Aug. 7.—Butter unset- tled; creamery extras 33%: 82% @32%c; seconds 27% @28 aris 82%c. Eggs lower; receipts 20,735; 19@20%c; ordinary firsts 18@18%c; miscellaneous 18% @19c storage packed extras 21% @22c; storage packed firs’ 21@21%c. Poultry alive unsettled; fowls 16@ 22%c; broilers 23@25%c. eat Sb Chicago Prices. CHICAGO, Aug. 7.—Cattle—Re- eaipts, 19,000 head; market slow, bet- ter grades beef steers and she stock, steady; lower grades weak to 15c Jower; early top beet steers, $10.65; bulk of sales, $8.85@10.25; bulls, veal calves and stockers, steady; bulk beef cows and heifers, $5.25@7.25; canners and cutters, largely $3.15@3.90; bulk Dolognae bulls, $4.00@4.25; eurly sales vealers, mostly $10.00@10.50; few to outsiders at $11.00 and better. Hogs—Receipts 40,000 head; mar- ket unevenly 25 to 500 lower; top light, $10.40; bulk best light, around $10.25;, bulk 200 to 250-pound butoh- ers, 39.50@10.15; choice 300-pound butchers around $3.15; packing sows, largely $7.00@8.00; pigs, good 5c lower; bulk $9.50@9.75; heavyweight, 38.75@9.50; medium, 9.25@10.15; light, $10.00@10.40; Ugh Ught, $9.75@10.25; packing sows, smooth, $7.00@8.00; packing sows, rough, $6.75@7.25; kill- ae pigs, $9.00@10.00. Sneep— 22,000 head; very slow; few early eales fat native lambs, 28 to 500 lower; gorting considered, few choice natives, $12.50 to city butchers, $12.25 to packers; packers Didding $12.00@12.25 mostly for bulk of best natives; no westerns-sold; bids sharply lower; fat sheep about steady; light native ewes, 7.00; strong weight, $4.75 down; undertone weak on feed- ‘me lambs. Omaha Quotations. OMAHA, Neb., Aug. 7. — (United States Bureau of Agricultural Eco- nornics).—Hogs receipts, 13,500; 25¢ to 0c lower; most decline on medium and light butcher grades bulk mixed and packing grades $7.10@8; bulk butcher hogs $8.50@ 5 top. $9.75. Cattle receipts 9,000; early sales bhoice fed steers and yearlings steady; After open- | soon as this be continued. Manderson Test Near Compiction. Latest reports from the Markham well, east of Manderson are to the effect that the bit is now on top of the Kimball sand after having passed through a deep strata of shale which Was rich in ofl. The early completion of a good producer is expected at this point. Sand Hills Strikes Gas. The Sand Hills Of! company, drilling in the Rawlins district, is said to have encountered a strong flow of gas which is held to be indicative of oil in the sands which are to’be expected soon. Storm Halts Drilling. The Bachellor Ot] company drilling on eection 21-45-63 near New Castle, has been forced to temporally sultpend drilling owing to a recent storm hav- ing washed away its reservoir and losing its water supply used for dril- ling purposes, A pipe is now being laid to a creek about a mile north of the test and with the completion of this, drilling will be continued. Con siderable interest fs being dirplayed in the progress of this well as It is locat- ed about four miles from the proven Osage field and a successful comple- |tion will add a large amount of acre- age to the field. Oil Showing Reported. ‘The New Castle Oil company drilling ‘on section 31-46-63 has had a showing of of] mixed with water. Skull Creek Test. The Skull Creek syndicate drilling fourteen miles south and east of the Osage field, has reached a depth of about 1200 feet and is setting 12 inch casing. It is not expected that pro- duction will be found before a depth of from 1800 to 2000 feet is attained, owing to the geological formation at this point. Bolton Well Progressing. ‘The Casper-Bolton syndicate has reached a depth of 700 feet in its No, 2 at Bolton Creek and 10-inch cas- ing will be set tomorrow in the Da- kota sand. This strata is non-pro- ductive in that district but the Sun- danct aying 500 feet below in that locality should be reached within the next week or ten days. Standard Oil Dividend. Standard “Ofl company of Indiana has declared its regular quarterly dtv- {dent of $1.00 per share, payable Sep- tember 15 to stock of record August 17. Gasoline Probe Begins. Investigation of gasoline prices was started at Washington today by the committee composed of five senators. They will seek to ascertain if the price advances of the past few months on that product were warranted fn the face of government figures showing ;| record breaking oil reserves on hand. Big Gas Flow Opened Up. The Alaska. Development company's ;| Holden No. 1 on the eoutheast quarter of the northwest quarter of sevtion 95-35-84, Pine Mountain, has deval- oped a gas flow estimated at better than 4,000,000 feet and drilling has been suspended until better facilities can be arranged for handling the out- put, when it will be continued further into the sand. Holden No. 2, on the northeast -| forty of the same quarter ig uuder- reaming at 1,750 feet, and tt 4s ex- pected that the drill will be in the sand tomorrow. A gas flow equal to that of the No. 1 is expected to re sult. general market 10@150 lower on all killing classes; top steers $10.25; bulk $8.75@ 10.00; grass steers, $6@7.50; cows and heifers $4.50@5.50; veals steady; stockers and feeders steady to strong; top feeders, $8. Sheep recetpts, 12,500; lambs most ly 60c lower; bulk native lambs $11.50 Dest $12.15; top western lambs, sheep and feeding lambs steady; top:feeding lambs $12, Denver Prices. 6 DENVER, Colo., Aug. 7.—Cattle, receipts 2,700; market, “good cattle steady, others 15 to 250,lower; beet steors $7.00@9.25; cows and $4.50@8.00; calves $6.00@9. $2.50@4.26; stockers and feeders $5.00 @6.25. Hogs, receipts 1,100; market open to steady; top $10.35; bulk $9.00@10.25. Sheep receipts 600; market sheep lambs 25c lower; lambs: $10.75 ewes $5.00@6.25. GRAND NIECE OF GENERAL GRANT WEDS NEW YORK, Aug. 5.—The mar- riage here early last week of Warren Ripple, 45, Chicago manufacturer, to 19-year-old Bertha Honore, grand niece of President Grant, and cousin of Princess Cantacuzene, has bacome known, The ceremony was performed in the municipal chapel by a deputy city clerk, with two emDloyes as. wit- niesses. Miss Honore, nfece of the late Mrs. Potter Palmer, came here from Chi- cago with Mr. Ripple, July 31.- They registered at the Ritz Carlton, kept their secret from every one and after the ceremony departed, informing the clerk they would leave no forwarding pidress as they might forsake the conventional honeymoon trip to At- lantic City and go-to Lenox, Masi instead, Iz New York Stocks Associated SS! add Chem'cal & Dye . 12% Allis Chatmers . American Beet Sugar American Can .... American Car and Foundry Hide and Lesther pia” International Corp .. Lecomotive Smelting and Retg. Sugar . American Sumatra Tobacco” erican T. and T. American American Anaconda, American {American Baldwin Locomotive Baltimore and Ohio Bethiehom Steel “B" Canadian Pacific Central Leather ..._ Chandler Motors .. Chesapeake and Ohio Chicago; Mil and St. Chicago, R. I. and P; Chino Copper . Colorado Fuel and Iron Corn Products Crucible Steel General Asphalt General Electric General Motors Goodrich, Co, .. Great Northern Illinois Central [Inspiration Copper | International Harvester Int, Mer. Marine pfd. [International Paper |Invinetble On Kelly Springfield Tire Kennecott Copp: Louisville and Mexican Petroleum Miami Copper Middle States O Midvale Steel Missour! Pacific New York Central Y., N, H., and Hartford Norfolk and Weatern Northern Pacific .... Oklahoma Prod. and Ret. Pacific Ol Pan American’ Petroleum Pennsylvania ... People’s Gas . Pure OM .. Ray Consolidated Copper Reading .... Rep Iron and Steel Royal Dutch, N, Y, Sears Roebuck \.. Sinclair Con Of Southern Pacific Southern Ratlwa: Standard O1 lof N. J. Studebaker Corporation Tennessee Copper . Texas Co. ... Texas and Pacific . Tobacco Products . Transcontinental Oil Union Pacific .... United Retail Stores ...... U. 8. Ind. Alcohol . United States Rubbe: United States Steel Utah Copper ...... Westinghouse Electric . Willys Overland .... American Zinc, Lead and Sm. Butte and Superior Cala Petroleum Montana Power . Shattuck Arizona Great Northern Ore . {Maxwell Motors “B” | Chicago and and Northwestern TYPHOON DEAT TOLLS 10,000 (Continued from page one.) followed the typhoon, according to ad- vices received here by the procurator of the Missions Htrangeres de Paris from Bishop A Myssac, of the Mis- ston Catholique, Swatow. The Catholic church and mission building successfully weathered the typhoon but the compound wall col- lapsed before the onrushing waters. The terrific wind carried away the roof of the Ursuline convent and the three sisters in charge, who had ar. rived at Swatow only a fortnight pre- vieusly were caught by the flood as they were making for safety in the cellar. On of the sinters clung to the church yard gate, while a second was car- ried to comparative security in the floating roof of a nearby building upon which she had scrambled. The mother superior, Bister Marie Rosary, floated on a érifting bed un- til daybreak and had been given up as drowned when she was found by two Chinese Christians and brought back to the mission compound. All the church vestments, the per- sonal belongings of the inhabitants of the convent and the equipment of the achool were carried away, destroy- ed by the wind and water. No word has been hear from the Catholic missions at Chaochowfu and Kityang and it its feared they have been wrecked. Chinese Christians living in one seacoast village reported to Bishop Ryssac that two hundred persons in the community had been drowned. pace eS PACIFIC LINER STRIKES ROCKS (Continued from page one.) thus amply convoyed, her passen- gets and crew appsrently were in no immediate danger. She was expect- ed to dock here some time before noon. 2 Indications were that she had struck in a dense fog. How bedly she is damaged cannot be deter- mined until she makes port. The H. F. Alexander, formerty called the Great Northern and dur- ing’the war was the flagship of the Atlantic fleet. The Admiral line bought her from the government March 4, 1922, for, $1,250,000. She is @ vessel of 8,000 tons net and can make 22 knots an hour. She left San Francisco Saturday evening and was due in Seattle this morn- ing. 82% Che Caspet Daily Cribune Oil Securities and Clay. LOCAL OW Big Indian .. Boston Wyoming SSRasris Blackstone Salt Creek Chappel! Col . Consolidated Royalty Capitol Pete Cow Guien Domino Elkhorn E. T. Williams - Compass Frants Gates Jupiter Kinney’ Coastal ... Lance Creek Royarty tusk Royalty . Preston Mike “Henry Mountain and’ Gult.: ‘Nortwest . Outwest Red Bank 2 Five Tribes ret. Co. . Picardy Royalty and Producers Sunset Tom Beli Royalty Western Exploration United Fete oe a anan on WPxern States ¥< NEW YORK CURB GLosING. Mountain Producerg .$14.25 $ 14.50 Glenrock Oil + 142 1.18 Salt Creek Prds. ... 15.25 15.50 Salt Creek Cons. 10.60 11.50 Prod. and Refrs. 7.00 9.00 Marine 1.00 1.12 2 9,00 9,25 + 110.00 110.25 181.00 185.00 24.50 8.78 15.0 Cities Service Com. New York Olt Merritt Fensland First 4s Second 4s First 4X5 Second 4%s Third’ 4tas Fourth 4%s Victory 4%s sees 100.88 | Crude Market | |__| Mule Creek 3 85 Big Muddy -. 90 Salt Creek — 80 1.00 1.40 AM 1.40 1.40 1.40 1.40 1.40 90 1.40 Grass Creek Torchlight Hamilton Cat Creek MINE GOMPANY IS ORGANIZED Organized for the purpose of de veloping the dormant mineral re- sources of this region, and particular. ly those of this state, the Mining De- velopment company of Wyoming has filed {ts papers with the county clerx as a common law trust with a capital of 1,000,000 shares, par $1.00. The officers and stockholders of the new organization are all Casper men. R, E. Martin ts president; W. A. Crary, vice president, J. M. Brown, secretary-treasurer; and W: H. Kitts, superintendent of field operations. Tho board of directors is composed of the above and V. lL. Preston H. P. Irons and W. G. McKay. An interesting display of specimens of the various minerals of the state on land contrvuiied by the company has been assembled and will be placed on display within the next day or two in a window of the Holmes Hard. ware. The company bas outlined consid- erable work for the near future and among other developments is endea oring to secure a glass plant for Cas- per, {t being the owner of an excellent | glass sand deposit nearby. ————————— Returns of Sues canal traffic show that of the aggregate tonnage of 18,- 118,999 which passed through the waterway last year, no less than 62.9 per cent was British, The number of vessels was 3,975, of which 2,418 flying the British rlag- ST OGKS SHOW UPWARD TREND 2 Investment Issues Lead in Re- covery on New York Exchange. NEW YORK, Aug. 1.—Buying of high grade investment shares provid- ed a stimulating influence to the com- paratively light dealings of today’s stock market. Numerous rajiroad Shezes reached new peak prices for ine year, as did many of the indus trials and specialties, especially the chain store imues. Sales approxt- mated 600,000 shares. ‘The feature of the last hour was the demand for equipments, which were up 1 to 2 points President Harding's new strike settlement plan, which became known just before the market closed, apparently was re oelved with favor, rails shares either holding or extending their early gains. The closing was strong. NEW YORK, Aug. 7.—Wall Street continued to be optimistic over the PAGE SEVEN special train from BOND SECURITIES //% | 4 Quotations Furnished by the John f } Securities Corporation, second Fie Sonuasen, Cheyenae, Inquiries Answered Yaa Asked 103% 104% 101% Anglo Am. Oi, 734, 1925. . Sug. Ret., $s, i937 . . Ti T. és, 1924 . & Ohio, oer ae 100% . Gov., 6m, 1 101 105 105 103% Del. & Hud., ae, 1%) it Den, 6s, 1942 es DuPont 7%s, Framerican, 7%#, 3942 -- al atnd rail strikes today, opening | j, ices on the New York stock ex- change moving upward in relatively Ught dealings. Rafls were again the favorites, Union Pacific leading with «gain of one point, St. Louis & Nan Francisco, Wheeling & Lake Erie pre- term, New Haven, Southern Rallway, and St. *aul all bettered their Sat- urday closing quotations, Otis were Irregular, Agsociated Ol, Mexican Pe troleum aud Mexican Seaboari inak- Brooklyn Edison, Electrie, Corn Prod: ucts and Postum Cereal, all at frac Honal advances. Kresge was the out- N. P. Gt. N. Jt. 644s, “aed N. Y. Cen., & a ° Penn. R. R. Sie, 19 2s Paris L. M. R. R.. 6a, 1958 Queensiand, 6: wer . 106% 100% 106% 103% standing specialty, gaining one point. | yy, The market strengthened substan- ally on restricted trading during the morning, but towards noon profit tak- Ing set in, Mexican Petroleum and Studebaker cancelling their early sains and other active imues selling slightly below their nighest prices. A number of additional new high rec- ords for the year were made, how: ever, in tho first two hours, notably by Chicago & Northwestern, Pere Marquette, Great Northern preferred, California Packing, May Department Stores, Sears Roebuck, Montgomery Ward, and International Harvester, which were up 1 to nearly 4 points. Exceptional strength was shown by chain store issties, Kresge and Woo!- worth advancing’ 7 and 8 points re- spectively. Rails continued in good demand at gains of 1 to 2 points, with similar advances being registered by some of the popular public utilities, including Philadelphia company. North American, Detroit Edison and People's Gas, 3% per cent. Speculative sentiment continued to Call money opened at Jean toward the buying stde, althoughi the bears staged a deminstration against the tobacco, rubber and mo- tor issues which fell sharply. Good- rich declined 4 points to the lowest of the year. Meantime buying of high closs ratlroads increased substantially, h ew York Central, Atlantic Coast Line, Tilinols Central, Northern Pa- cific and Delaware, Lackawanna and Western rising one to two points. Silver. NEW YORK, Aug. 7.—Foreign bar silver, 69%; Mexican dollars, 53%. Foreign ree ey Irregular. NEW YORK, Aug. 7.—Great Brit- ain demand 4.4644; cables 4.46 day bills on banks 4.44%. France demand 8.16%; cables Italy demand 4.60; cables 4.60%. Belgtum demand 7.72%; cables 17.73. Germany demand 18%; cables .14. Holland demand 38.70; cables 88.75. Norway demand 17.10. Sweden demand 26.10. Denmark demand 21.45. Switzerland demand 19.00. Spain demand 15.52. Greece demand 2.94. Poland demand .01%. Czecha-Slovakia demand 2:45. Argentine demand 36.25. Brazil demand 13.55. Montreal exchange x ova, p. Gov. ing moderate gains, while Sinclair and} 81, General Asphalt receded slightly. New signs for the year were recorded by | Southern Money. NEW YORK, Aug. 7.—Call money steady; high 4; low 3%; ruling rate 3%; closing bid 4; offered at 4%; last loan 4; call loans against acceptances 3__Time loans steady; mixed collater- al 60 and 90 days, 3%@4; six months 4@4%; prime commercial paper i@i Metals. NEW YORK, Aug. 7.—Copper steady; electrolytic, spot and futures M4@i4%e. ‘Tin steady; spot and nearby 32.50; futures 32.62. Iron steady; No. 1 northern 29.00@ 30,000; No. 2 northern 27.00@29.00; No. 2 southern 19.00@20. Lead steady; spot $5.75@5.80. Zino quiet; East St. Louis spot and nearbly delivery 6.30. Antimony spot 5.25@5.62. Exchange Holiday. LONDON, Aug. 7—Today fs a holl @ay on the exchange here and in Liv- erpool. WYOMING OILS NEW YORK, Aug. 7. — Prices of ‘Wyoming ofls at 2 p. m. today were listed on the New York curb as fol Boston-Wyoming 80; Fensland, 14%; Glenrock 1 3-16; Mountain Prd: ducers, 14%; Mutual 9% Omar 1%. Ab icicle be ts BAVARIAN COALITION. BERLIN Aug. 6.—A Munich mes- Bage to the Deutsche Tages Zeitung announces the formation of a new gov- ernment coalition in Bavaria com- posed of the various parties. The cor: respondent remarks that whereas all the other German state governments contain a sprinkling of Socialists, Ba. varia is the first state to have a pure- ly bourgeois cabinet. WATCH FOR THE BiG FIRE SALE who have previously found motoring very fatiguing, have changed to Marmons because they can be driven without the slightest exertion. A gentle touch at the wheel guides it. Braking and gear-shifting are much easier. It is a dependable car. Mey we show you? ARMON CThe foremost Fine Car Second ana WV Vez * Yellowstone g@7pii CASPER, WYOMINO = NORDYKE & MARMON COMPANY Established 1851 INDIANAPOLIS ix|Pythians Arrive At Frisco For Biennial Meet FOR THE BIG FIRE SALE FRAN (Pontical Advertisement.) Political Announcement I take this means to announce my candidacy for State Senator on the Republican ticket, subject to the will of the voters at the primary election, August 22, 1922. Iam against the repeal of the Direct Primary Law. J. E. Frisby Diamond Tires Auto Accessories Brodie Rubber Co. i Phone 1203 Tribune Bldg. THE ASSET OF A GOOD NAME In these days when people are seeking more genuine value for their money, the Schank Plumbing & Heating Co. Find they possess a far greater asset than ever before—the asset of a good name. See Our Showroom. Schank Plumbing & Heating Co. 359 East Second St. “Phone 711 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 99 95-9000002 290950000080 99 900004 ooo