Casper Daily Tribune Newspaper, August 18, 1922, Page 12

PAGE TWELVE MARKET GOsalP Pa, “DRILL NLA | Well N WHEAT PRICES FALLING BACK Two Points Lost in Trading Slump on the Chicago Market. CHICAGO, Aug. 18.—Grain prices turned downward the early deal inge fear of damage to the corn crop having been relieved by cooler weath- er and by showers in Nebraska, Iowa Timois, The wheat ra: was also bearishly influenced by the fact that Liverpool quotations failed to re spond to yesterday's advance In Ame: {ca. Katimates were current, too, tha the wheat crop in the three western Canadian provinces was 2 000 bushels larger than was indicated by the latest official figures. The open- ing which varied from the same as yesterday's finish to ¥%c lower, with September $1.02% to $1.02% and De cember-$1.04 to 91.0434, was followed by « material decline all around Prospect of a quick settlement ct the rail strike was given a bearish construction in most quarters as be- ing likely to lead to increased recetpts ‘The close was unsettled, 2%0 to 2%c lower. with September $1% to nx and December $1.01% to $1.01%. Breaking of the drought and of the heat wave eased the market for corn and cats. After opening %40 to %éc lower, September 61%c, the corn mar ket continued to descend. Country offerings to arrive were fairty large early but sellers with Qrew inter os prices declined. The dose was weak, 2%0 to 2%o net low ex, with September 59% 0. Oats started %c lower to a shat afwance, Beptemebr 31%c to si%4c and later held near the initial range ‘Lower quotations on hogs weakened the provision market Open. High, Low, Close. WHEAT— ? Sept. — — - 2.02% 1.02% 1.00% 1.00% Dee. - 1.04 1.04% 1.01% 1.01% May _ _ — 1.09 1.09% 1.06% 1.06% cOoRN— Sept. - - - 61% 61% 59 59% Dec. - - 85 .BB% 53K «58% May __ — 08% .59 56% 57 OaATS— Sept. - - - -31% 31% 80% 30% Deo. - — — 34% 34% BB 834 May — — — .37% ,37% .36% .36% LARD— Bept. - - 10.87 19.60 30.50 10.52 Oot. — - — 10.65 10.67 10.62 10.62 9.80 Sept. . ~ — 9. 9.40 Potatoces. ORICAGO, Aug. 18.—Potatoes firm veceipts 29 cars; total United States tn 707; New Jersey sacked Irish cobblers $1.65@1.70 cwt.; Ne Draska sacked Early Ohios $1.00@1.10 awt.; partly graded 80@90c cwt Minnesota sacked and bulk Early Obies $1.00@1.15 cwt. Butter and Eggs. CHICAGO, Aug. 18.—Butter higher: creamery extras 34%4¢; first 29% @aic extra firsts 31@35%c; seconds 27@ 28c; standards 34%c. Eggs higher; receipts 9,455 cases: firsts 22% @230; ordinary firsts 20@ miscellaneous 21% @22c; storage packed firsts 2314 @24c. Lwestock Mart Chicago Prices. CHICAGO, Aug. 18.—{United States Department of Agriculture).—Cattle, receipts 5,500; veal calves weak to low- er; other classes generally steady; top beef steers $10.75; bulk $9.00@10.25; beef cows and heifers mostly 95.00@ 7.00; canners and cutters largely $2.65 @3.75; bologna bulls mostly $4.00@ 4.25; veal calves early largely $12.00@ 12.80. Hogs, receipts 22,000; market fair active on lighter weights; others slow 15 to 25c lower; bulk 180 to 170 pound weight $9.50@9.60; $9.65 paid for a few; 175 to 200 pound welght mostly $9.40@9.50; 225 to 250 pound butch ers generally $9.10@9.30; good and choice 260 to 300 pound bitcheers $8.80 @9.10; packing sows mostly $7.25@ 7.78; pigs 250 lower; bulk around $9.00: heavy $8.10@9.20; medium 8.60@ ight $9.15@9.65; light light $9.10@ 9.60; pecking sows, smooth $7.25@ 8.00; packing sows rough $6.75@7.40 killing pigs 8.75@9.25. Bheep, receipts 14,200; fat lambs steary to 180 higher; elght cars choice Washington $18.00 with 300 out; eight cats good Idahos $12.70 with 36 per cent sort; feeder ends culls $12.50 welght 82 pounds native lambs quality plain bulk $12.2512.60; no choice na tives sold early; culls native mostly $9.00; good 121 pound fat western ewes $7.28; han@y medium fat Idaho weth- ers $7.50. Omaha Quotations. OMAHA, Neb., Aug. 18—(United States Department of Agriculture.)— Hogs, receipts 7,000; fairly active; butcher hogs steady to strong; bulk 200 to 300 pound butchers $8.00@8. top $9.00; mixed and packing grades steady to 10¢ lower; bulk $7.00@7.78 Cattle, receipts 8,000; desirable beet steers fully steady; others slow; top $10.59 on yearlings and medium welghts; veals firm to 250 high er classe of stock Sheep. receipt. bulk western lambs $12.40@12.60; top| production greatly. The well is now making about 100 barrels of oil and 15,000,000 feet of gas, The new gas well in Poison Spider is drilling at .[4h0 feet. ‘| "he Spindle Top well on.section 30- 82-85 1s drilling at 2,285 feet. "| ‘The Boone dome test on the south- west quarter of sertion 10-35-85 is : drilling at 4.619 feet. ‘Consolidated Well on Sand. AND FIELD NEWs N LARGE GUSHER No. 6 of ae & Refiners corporation on sec-| American tion 30-40-78, Salt Creek, which was reported as drilling in in the last week's report, was finished early in the week and| Ame: the final test showed production amounting to 900 barrels. No other wells were completed during ‘the week. new one is riggec up on section 25-26-87 in the Ferris field/Atchison . One and will be spudded in within the next few days. Other tions of the company stand as follows: Mahoney No, 2, section. 425-88, drilling at foet ‘0. 1, mection 34-26-88, running 8%- inch casing at 2,100 feet. To. 1, section 33-26-88, feet drilling ‘Wertz. section 7-26-89, drilling and ge casing at 3,395 feet. section 7-26-89, Grijling at 465 xo. 3 Ferris. No. 5, section 26-26: 1,825 feet. cleaning ‘out No. 3, section rifling at "tect “No. 8, section 26-26-87, running 8%-| casing at 1,475 feet No, 12, section 26-26-87, drilling at 1,488 fet Salt Creek. No. 1, section 18-40-78, drilling at 100 feet Gasoline Production for June. During the month of June a daily average of 1,547,000 gallons of gaso- line was produced from refineries 1 the United States according to the over the month of May. Five fewer plants were in operation than during the previous month, the total being 310. ‘These plants average 80 per cent of capacity during the thirty day period, Gasoline produced in June showed Ma: C and 51,000,000 gallons over Apr! nsumption in June totaled 607,000, the same month last year. Gasoline In storage was reduced 32,000,000 gal- tons during June. Figures for the first stx months of the present year show’ that production of gasoline gained 9.9 per cent while consumption of the product increased 16 per cent. Marine to Sell More Stock At a meeting of the board of direc- tors of the Marine Oll company held at its local offices on Monday it was decided to allow stockholders the priv- vlege of purchasing additional stock at par anda resolution was passed to the effect that all stockholders of rec- on August 21 would have the right to subscribe within twenty days or to and including September 10, for an amount equal to 60 per cent of their present holdings. This will al- low each stockholder to purchase one new share for each two now owned at the price of $5 per share, New York Well Deepened. The New York Oil company has deepned its Gordon No, 1 on the north- east quarter of section 12-33-92, forty feet, in the sand and has increased Richardson No. 4 of the Consol luted Royalty Ol company has been irilled to the serond Wall Creek and ement is now setting at 2,168 feet Yo. 6 is drilling at 500° feet, rig has been completed at No. 5 loca- tion, All thes swells are on the southwest quarter of section 5-39-79. The test on the Billy Creek struc- ture in Johnson county, being drilled jointly by Western Consolidated Royalty Exploration and is drilling at 00 feet. $12.60; others classes steady; ewes $6.50 down; best light feeding lambs held at $12.00. OFFIGERS NAMED Stockholders of the Five Tribes Pe- troleum company at a meeting at Salt Creek reelected all officers and direc- tors for the coming year with one ex- ception and expressed themselves aa and success of the company’s affairs to date. ‘The officers and directors are David “Lewis, president; Carl T: lor, vice president; J, R. Dunbar, sec- retary and treasurer; T. 8. McCleary, general manager; William Hargroves, w. Denberg and Mr. directors. The last named succeeds J. W. Deaton on the board of direc- tors and is the only new member. Unusual success has marked the activities of the company since its in- ception following the purchase of a 160-acre tract of land at the Douglas sale lant year. Although drilling op- erations were not instituted until this spring, the company has proved tts Salt Creek property by bringing in few weeks ago a well showing for larger production. In a test this week the swabber was thrown in and a flow started which measured 265 barrels ¢uring the day. Determination of the future policy of the company regarding develop- ment is marking time. Present pro- duction has not been contracted but the concern is sald to be in excellent shape to continue Its operations. ——— Classified ads in the Tribune sre winners and possibly the keys J. Portis, Gary Jones, R. C. Van Milton, additional that js still > strong: | give with every 500 pald at office will Not care to travel. win you a blr prize, B-1dtf bureau of mines report. This was an|> crease of 30,000 gallons daily average) } an increase of 12,000,000 gallons over) 000 gallons a gain of 14 per cent over| BY FIVE TRIBES; gratly pleased with the management! New York Stocks Associated Press Lansed Wire, Allied Chemical & Dye . Allis Chalmers American Beet Sugar American Can American Car & Foundry American Hide & Leather pfa. . American International Corp .. Locomotive .. Smelfing & Refg. Sugar | American | American | American | American ‘ |American Woolen Atchison | Atl, Gulf and Baldwin Locomotive | Baltimore and Oh: Bethlehem Steel ™ Canadian Pacific Central eLather Chandler Motors . Chesapeake and Ohio .... Chicago, Mil, and St. Paul . Chicago, R. I., and Pac Chino Copper | Colorado Fuel and Iron . Corn Products | Crucible Steel Erie | Famo |General General General | Asphalt Inspiration Cop} ‘ | International Harvester . Int, Mer Marire pid. ps Paper Invincible Oil Kelly Springfieid ‘Tire Kennecott Mexican Petroleum | Miam! Copper | Middle States Oil Midvale Steel Missourt Pacific Northern Pacific . Oklahoma Prod. and Ref. Pacific Ol .. Pan American Petroleum | Pennsylvania People’s Gas . Pure On .. Ray Consolidated Copper Reading . 3 Rep. Iron and Steel. |Royal Dutoh, x. Sears Roebuck Sinclair Con O11 Southern Pactfio Southern Railway Standard Ol! of N. J. 2... Btudebaker Corporation United Retail Stores . U. 8B. Ind. Alcohol mited States Rubber United States Steel Utah Copper . ‘Westinghouse Electric Willys Overland Amerisan Zino, Lead and Sm. Butte and Superiod Cala Petroleum Monfans Power ... Shattuck Arizona REFINERY WORK [3 PROGRESSING Total of 875 Now Employed at Site of Texas Plant East of City. ‘With over 225 men now on the pay- roll of the Texas company and a to- tel of 875 employed on the works through contractors the refinery is fast taking shape and xt z= confiden' ly expected that it will be running oll long before the first of the coming yenr. Sprague and Nisely have the con- tract for grading for the yard }wwitohes, and loading rack tracks and now have # steam shovel on the job. ‘This work {s fast nearing completion. ‘The General Concrete and Construc- tion company has begun work on the} concrete smoke stacks and two of these are now being erected. C. BH. Starr has begun brick work) on the crude stills, all of which have arrive@ and are unloaded and the concrete work is over ninety per cent complete. Steel is now arriving-for the 55,000- barrel tanks, the grades have all been} completed and several of the smaller sizeG containers are in readmess for handling oil. Shipments of material are reported an being satisfactory, with no delays and @ large amount of the necessary material in now on the ground. INDIAN MAID RICH FROM OIL RETURNS BUT WILL CONTINUE SIMPLE LIFE MUSKOGHE, Okla., Aug. 18.—Un- Ike many others of her tribe whose extravagances have added many in- teresting chapters to Oklahoma's oil industry, Exie Fife, a Creek Indiana of 19 years who became rich over night, declares she will never fore sake the simple life. Exie’s royalty from “her ofl lands in the Bristow field approximates $1,000 a day now. Only last May Exie had but $6.06 on de- posit with the Indian agency where her affairs are administered as she [ts a restricted Indian. | The first well that came in on Exie’s Jallotment made 3,000 barrels. ‘Two weeks ago a well making 2,000 bar- rels 2 day was brought in. ‘Sour others are in the course of drilling, EXxie has been granted $500 a month allowance by Major Victor Bi. Locks, Jr., superintendent of the Five Civil- ized Tribes. Exie already has a big touring car, but that is the only ev!- |dence she so far given of spend- [ing her royalties. Miss Fife's tastes |are extremely modest. She disltkes ‘Jowelry and extreme atyles, and does %| Lance Creek Oil Securities Furnished by Taylor and Clay. Williams Compass Frantz . Jupiter % | Kinney Coastal tusk Royalty Preston Mike Henry . Mountain Producers . Nortwest Five Tribes ret. Co. . Picardy 3 Royalty & Producers . Sunset Tom Bell ‘ Western apioretion. 2 United Pete . Wyo-Kans. WyoTex . Western Of iFel Western States x on Es ~NEW YCRK CURB ‘CLOSING Mountain Producers .$ 14.37 Merritt = 9.21 Glenrock Ou . 1.18 15.24 8. O. Indiana ... Cities Service Com. Fensland ..... New York Oil Mule Creek Big Muddy Salt Creek -— Rock Creek Osage Bik Basin —---— Greybull Grass Creek Torchlight Hamilton Cat Creek —-. German Marks Slump Again NEW YORK, Aug. 18.—German marks resumed “thelr downward plunge in price today, millions being avaiable at local banks and foreign exchange houses at prices around eight cents a hundred with no takers. | ‘This represents a reduction of more than a cent from the price quoted at the close of the stock market yester- day. ‘The normal or pre-war price of the marks was 28.8 rents each. to furnish her widowed mother and her brother with a modern home. The Indian Agency is now having plans drawn for the house. Exte and her family now occupy house at Fame, a little settlement in McIntish county. It will soon make way for a six room bungalow. . eee Subscribe for the Tribune and get a key for every 50c paid. Che Casper Daily Critune a sence. STICKS REACH a two-room box! HIGHER LEVELS Restraint Felt from SBabor Disturbances Is Discard- ed by Buyers. NEW YORK, Aug. 18.—The stock market today threw off to a large ex tent the restraint that has been im posed on recent dealings by labor troubles, and moved steadily forward to higher levels. Creation of new high records for the year by United States Steel common and other lead ers imparted a better tone despite the intermittent weakness jn Mexican oils. Sales approximated 675,000 shares. Individual instances of short sell ing and lquidation halted the for- ward movement in the final hour af- ter a further sharp advance tn steels an dequipmentsa. Pressure against Bethlehem Steel, Ameritan Can, Unit- ed States Alcohol, Mexican Petroleum and International Paper featured the final dealings. The closing was trreg. NEW YORK, Aug. 18,—Conspicuous strength of industrials anf specialties, % 104 ints 101% 101% 102% 29% ‘Jove, Un. Ter, 5% Con. Cval, 58, 1960 Copper Expt 8s, 1923 .. Copper Expt, 8s, 1924 ... Copper Expt. 8s, Czechoslovak, Dan. Con. Mun, & Hud., Den. 6s, 1042 . Den. 68, 1945 Denmark, 8 DuPont, 7% many of which showed gains of large | J opening doalings today on the New York stock exchange. Rails were slightly irregular and relatively inac- tive, despite the declaration of Presi- dent Stone of the ratrodd engineers that the railroad strike must be set- tled in the mectings hare. Allied Chemical and Northern Pacific eath broke through to new peak prices in the first fifteen minutes of trading. Chandler jumped two points and gains of a point or more were scared by Barnsdall A and B, Standard O!1 of California, Callfornia Petroleum and Louisville and’ Nashville, United States Steel common opened % high- er at 103% and then rose to 102%. a new high price for the year. Mexican Petroleum, Union Pacific'and Chicago] * and Northwestern declined fraction ally. Buying of special stocks went on in an effort to distract attention from realizing sales in other directions. The general trend continued upward ex- cept in the Mexican ofls which exhib- {ted pronounced weakness. Mexican Petroleum yielded 1%, Mexican Sea- board 1% and Bethlehem A and seven per cent preferred, Crucible and Colo- rado Fuel advanced in sympathy. Ac- tive bidding also was noted tn domestic olls, equipments, motors, sugars and Public utilities, but trading in rails continued light. Baldwin and Amert- can Power established new high prices for the year at pains of a point or morn while Public Service of New Jer- sey and Pacific Gas and Electric also made new high records. Individual {features were General Electric, Bosch | Magneto, Goodrich, American Loco- | motive, American Sugar, Postum Cer- ‘eal, Dupont and Air Reduction, all at gaing of 1 to-2 poinis. Call money opened at 3% per cent. Silver. NEW YORK, Aug. 18.—Foreign bar silver 695%c; Mexican dollars 53%c. ——__—_. { With the Oil Men —_———— Robert H. Work, prominent broker of the Colorado metropolis is a bust- ness visitor here toJay. J. B. Hottel, interested in local oll matters is a visitor here from Denyer. R. L, Mitchell” has returned to his |Denver office after having spent sev- eral weeks in this vicinity which in cluded a trip through the park. First class watch an@ jewelry re Paring; artistic diamond resetting. H. B. Kline, jeweler. Oil Exchange Bldg. zante key for every 50c_pald. 1949, 2047 . 101 + Ba, Penns R. R. 1s, Penn, R. R., 64 Pariy LMR Queensland. Quensland, 6s, 3067 <5 ..'2-- Sin, Cride. Ob Sts, 1925 6% Bell 7 dint Gov 1 Whitaker Clessner, 6: Un, Bg. & Pap. MERGER RUMOR AFLOAT HERE ‘While no confirmation can be had it is persistently rumored in local oll circles that the Mutual Oll company which has absorbed many of the larg- er Indopendents of this territory, in- cluding the Elk Basin, Frantz, North- western, Mountain & Gulf, Geoughan- Hurst, Grass Creek and others is about to take over the Iowa-Wyoming Oil company and that a new corpora- tion known as the Standard Oil of Wyoming will result. It 1s also rumored that the Kinney- Coastal is negotiating for the property of this company and that it will”be absorbed in the near future. It is known that two surveying crews are now running lines to the Bolton Creek field, making prospec tive surveys for a pipeline to that district but no authentic information is available as to what companies are represented. That a statement regarding the | merger will be forthcoming not later tha nthe first of the coming month \is confidently expected and it is be Heved that this announcement will be of great importance to the operators of that district fo Pay up for your Tribune and get S12-4f At present ber greatest desire is New Superintendent in Charge. CHEYENNE, Wyo., Aug. 18.—J. EB. Muliek of Omaha, recently appointed superintendent of the Wyoming divis- 1-Ib. tins -50c 3-Ib. tins. 5-Ib. tins. Hills Bros. Red Can Coffee, $1.50| quality. $2.50| 2 ty. Daisy Cream Cheese, Ib. Kraft Loaf Cream Cheese, Wisconsin Brick Cheese, Ib. Plymouth Rock Pomatess, Phones 9 CASPER STORAGE GROCERY 117 EAST SECOND STREET Phones 97 and 98 NO HIGHER IN PRICE—HIGHER IN QUALITY SPECIALS FOR THIS WEEK RICHELIEU “OUR BEST” GRADE COFFEE 2-Ib. tins......$1.00/ A surprising achievement in Coffee Richelieu 10-0z. bottle Sweet Onions... Richelieu 10-0z. bottle Pickled Onions._ Richelieu 10-oz. bottle Sour Gherkins... Richelieu 10-oz. bottle Chow Chow....._.._ Richelieu 10-oz. bottle Sweet Bur Gherkins__... Richelieu 10-oz, bottle Sweet Cucumber Circles_.50c Kraft Loaf Pimento Cheese, Ib... Kraft Loaf Swiss Cheese, !b._._. Bluhill Pimento Cheese, pkg... Bluhill Green Chile Cheese, pkg_..........______15¢ Phoenix American Swiss Cheese, 4-oz. tin, each__25c 15c each, 12 for $1.65, case $3.25 Richelieu Little Kernel Corn, No. 2 cans— 20c each, 12 for $2.25, case $4.35 \Richelieu No. 1 can Dry Pack Shrimp— ‘Telephone us your orders. They will receive prompt and Gtreful attention. A Service Store Our delivery service is complete and covers every section of the city. We Sell for Cash or Credit. CASPER STORAGE GROCERY 117 EAST SECOND STREET ~ FRIDAY, AUGUST 18, 1922. fon of the Union Pacific. has taken over the duties of the office. oo Subscribe for the Trffune and get a key for every Sic paid. 8-12. How to Make a Radio for 60c -’ OIL ACCOUNTANT oll accountant is in po sition to handle small set of books able fee. For interview addres: Box A-55, Tribune. A smile in every cup. 1-Ib, can, each... --35c 45c Tb. No. 2 cans— 25c can, 12 cans $2.85 7 and 98 WYOMING appr DOME ANY, 414-15 5 Midwest Ref. Bldg. Phone 289 Audits, . and ice and Analyses, Income Tax Account! AUDITORS a ARCHITECTS ef & GOODRICH, Architects 11-12 Townsend ae Casper, eieusa: Phone 448 GARBUTT, WEIDNER & SWEENEY 415 Oil Exchange Bidg. Phone 1163 RAYBURN S. WEBB, Suite 12, Daly Bldg. Phone is 1351 AWNINGS Kistler Tent and Awning Co. 747 South Lincoln St. Phone 927M BAGGAGE and TRANSFER SEE BEN TEANSPER 00. Baggage, Hea’ Haulin Piano ‘Moving. Phone’ 743 SEARLES TRANSFER Hes. Phone 87W Offics Phone 701W CHIROPRACTORS DR. J. H. JEFFREY RB. ANNA GRAHAM JEFFREY Suite 318 Midwest Bldg. Phone 706 DR. B. Fi HAHN DR, EDNA HAHN Townsend Block “Grtioo 423, Res. 1235 M. BE. HARNED, Chi: lor 162 North Kimball Be Phone 1457 _ DR. ©. Pes sreopes” Physician r. $10 OS Bullding Phone 1754 “DR. L. B. BERQUIST___ Zattermelster Blag. Phone 1757 CONTRACTORS HOSIERY REAL SILK HOSIERY MILLS Office Permanent, noo 7, Kimball Bldg., Second A. M. KING, Local Manager. HOUSE MOVERS 1107 Seuti Melrose pe 260 LAWYERS NICHOLS & STIRRETT 3001011 Off Exchange Bldg. JAMES P. KEM 408 Consolidated Royalty Bldg. IRVING GOFE M’CANN Attorney at Law Suite 3, Zuttermelsier Building HAGENS & MURANE Lawyers 206-207 Oil oe Building ‘Atiorney-at Parco Bultes 14-15-16, ‘Townsend Block anes 141516, Townsend Block _ OSTEOPATHS DR. CAROLINE 0. Osteopathic Ph: byalcien Suite 6, Apartments. Ph. 388 DR. C. A. SANFORD Osteopathic Physicia Midwest Blag. Phone 1030 RADIATOR REPAIRING NATRONA RADIATOR Repairing, Ch " Tecoriog, 322 E. Yell Phone 1473W ROOF CONTRACTING Geet Sine poems. o9, tractors, ssa secontibe: & specialty Fhone 18043 Zn APHERS VICE SER’ Contesting, Retin aee, Stezographar Ni Public Balcony TAILORS 116 B. Mint: ACKERMAN aan Casper’s Leading ‘Tailor ‘and Dey We Spectalize nn AU Kinds of Ladice’ ‘e Call for and Deliver. WYOMING CLEANERS .& 'TAIORS Where Service ae Quality Dominat Wo Call and Deliver. Phone 1437M VULFANIZING © Public Phone lenning KAMP, D. Office MMe Bailing Telephones 1650 and 1651 Expert Vuleantizing—Low Prices R. W. HOUGHTON 522 E, Yellowstone Phone 1478W