Casper Daily Tribune Newspaper, August 22, 1922, Page 8

IG OIL MERGER PENDING WTH [-ssrenseae [| ous ASSURANCE OF ANOTHER PIPELINE S==== apc | American Serereeere, eM [American Car and Foundry... 188 |Surke — sure, the sustained demand for these; bares eventually turning the course) of the market upward again before noon. American Car and Foundry made a sensational advance of 7% points to a new high with gains of 2 points being registered by Western Union, Allied Chemica! an@ Pacific | Ges and Electric, all at or near the! year’s best prices. Call money opened PAGE EIGHT Oil Securities | 3 |American Tobacco | American Woolen Will Be Available Soon . oil deal of probably the greatest magnitude that hasjAtchison . Dents peeod scnacrne time is now under way and the cul-/At... Guif an Py Id Lecomoti mination of the plans which are expected to be perfected be-| Bajdwin Tocomotive Pa it 3% it. Re : C ;_| American Hide & Leapier pfa . Ta%| Black ‘ait’ 27) : eaaremon af Opening nig way th es investment demand Ang. Aim: Ot Tye, 18. i Kignd j~ | Am tiena: Corp .. ‘4 m. 4 -» 6m, 1937 a “ Prospects of New Refinery Also Raised in : onsoli An nates + abosg | Blgckavone ali’ Creek on LE ee SS eee sa eae. eee Aun. Teal Se apse 2 Ue ae 7 dation of Independent Interests, Details beet I alter Ie tears Siting tthe (acteuded, Mie Balad Ohio” das i800-<- Jet dee ation indepen | American Somacra, ase Sn +33q |. NEW Yorx, Aug. 22—The bear|new high prices for the year were 2 9 it! jan Tend Pesserccess Bel. Gov., S. F. 7igs, 1945 104% 105 F., 85, 1941 103% 106 Denne. 109% 110 198 108% faction reaped a temporary advantage|®gain esteblished. American Car at the opening of today’s stock mor-/ gained 8 points, Liggett and Myers Ket because of the weakened techaical/5%; Otis Elevator 5; (estnabaias position and disturbing over-night de-/Air Brake 3% and United Fruit +n he ‘lway strike alt-| The pers United Retail Stores velopments tn the rail 0 alt. cop: 509 |uation. Strong support predicates onjand the gas tssues continued to be .02 |@ Sustained Investment demand set tn,|-2ctively bought. (Continued from Page One) ments in various sections of the coun- a D 4 ed the rail- + BY fore the end of the week will be of vast importance to all a ee eee ee 2 146% | Lance Creek Royazy | ag Tek cart pus tovaar Silver. <a seem eT amet one mao ae anae 101 > 5 i y | Cann n Pac - . 4 or a. o. dependent operators of the Salt Creek field, particularly lGeateal’ Leather 1 40% | Gusk Royalty 03 [high levels for the yer. Saiee ap-| NEW TORK, Aug. 22—Forelgn) «xfost of the wrecks reported are| Conner Expt, 80, 1926.2. 108% those in the southern part. | Ghanaier Motors 1.21, ° $3, | Mine te ry 732 |yroximated 1,000,005 aliares. bar silver 69%; Mexican dollars 521%.) 4. to sharp flanges rer cere Copper Expt. #8, 1925 -. 106 While the names of the contract-| Chesapeake and Obio | . , Scarcity of offerings accentrated —— brakes,” he continued. “It is custom- . Am. Sug, Ss, 1931.. 106% | ng companies can not be divulged at| Chicago, Mil and st. Pasi ...- 38% | Nocmese aS Nat. | the rapid rise in special stockn in the Metals. ary, when qualified inspectors are| Cube R. F., Tiga, 1988 °. 105% the present time it is known that|Chicago, R. I. and Pac, - $238 | Outwose 01 |final hour. Toledo, St. Louis and] NEW YORK, Aug. 22.—Copper! vo tioved, for them to report such de- Gadhia a Wr . et 1 of the independent companies | Chine | C sae Say 2a 3245 |Red Bank +13 | Western soared 9% points, with gains|Steady; electrolytic spot and Uter- 14-| eects. ‘The tires on the engine then Centura i mr . san operating in the southeast part of the| Colorado Fuel an 119 | Five Tribes Pet. Co. : AE [of 4 to 5 no’ats in the preferred stock,| Tin easter; spot and nearby 22.50;/\°)"truea up, or the car wheels re- a field and adjoining the Teapot are ‘ 92% | Picaray - Western Union, : futures 32.62. 14% stern Union, General Electric and Fen ctseny Gand annie Lead firm; spot 5.90 @ 6.00. Dan Con Mun., 8, 1948 109 placed before the rolling stock !s al-| Her # Hua. S%s, 1937 ioe lowed to proceed. Sharp or broken | Hen. 6s, 1042 : flanges cause an engine to ride the| Den. 6s, 1945 18% | Royalty & Producers. 9044 | Sunset 664%|Tom Bell Royalt: Jo5 | United Fruit. The closing w ‘02% | Strong. Srucible Steel |... now working out plans whereby the|/crucie Steel .. interests of these companies will be|iamous Players’ Y merged and the result will be one|General Asphalt .. ; East St. Louis spot is tx " h east 1 “Electric 188" | Western. Exploration ee apremp ens 620 @ 623. | Tals. ta trom | Duvont Tse, deer pont Th reer emerge ag ovine | tone ge 12% | United Pete oi 04 NEW YORK, Aug. 22.—}rofit tak-|""4 nearby mi ‘But we have accurate reports DuPont: THs, a tes Wola will enamsy the Sogttich (Gone 2 36% log na pest “$8 | Ing, combined with less encouraging] Antimony spot 6.25. many ronda showing that not 8 per can fter | ‘ns fac’ ‘ = 1 94% | WyoTex . 4 ; overnight development in the rail a cent of the usual number o Rally Occurs Near Close After] 0 corporation to successfully com- Great, Northern, pia. -6e Western Oil iFeida ... (52 OY deep rae petmaie’ ite tire Money. i fre Deas seasaeneaatios Snty. 3. aoe Wide Fluctuations of Se eee oe tnt eana eri eepiration Comper. <ns3S6ll eect Seasee Ey 3] trend _to the opening prices on the Be Saudi septa, pa tinal vapid tack of, inapection. pieces the” whole 7 i ‘the development of tha ebhs;| ter - 112 ay = No a rm; high 4; low 3% i\burden of rejecting defective wheels Day's Trading. make this one of the iargest independ-|1"{°Syer Marine pra e2 NEW YORK CURB CLOSING Tae cok Stock exchange today. Most i seid closing Md 4; offered at 4%; last loan of th V hs 58%| Mountain Producers .§ 14.62 $ 15.00 irene naocred Nheini bh iy re ts in this territory. International Paper A ge Bic aes pe ff - 14 | Merritt ie! is yesterday opened at upon the train crew. The public has CHICAGO, Aug. 22. — Wheat val) pnis merger will result in a further|Invinciole Olt 9.00 9.50 4; call loans against gs ayoarg ee little conception of the debt which it ‘ nes upward swt Cre: ngtiela Tire rock” Oil” foncessions today. Domestic oils and} time loans easier; mixed collateral 60-| owes to the transportation men, who,| Jap. st, 44m, aan a ewing at the stant [{itting of the 14 from the Salt Creek melvabortogrelen 2 rg ries SRS sas low price rails went to higher ground | 90 daye 4; 4 to 6 months 4@4%; Prime}q the risk of incurring the displeas |JD. Gov. 2nd, 4% nee ee cavecpeol, ithe strength’ tn paarcleseirge Regge er tat | panes tet erg a 136 | Salt Creek Cons 11.75 with chemicals, equipments and some| commercial paper 4@4% cindy otatwAbuauapovered bave: ceekeed vance at Live: entrance of the Westert C |of ths coppers. Lake Erie and West- ern was up 1% and St. Paul broke through to a new high. Gains of 1 to |1%4 points were made by Standard OM of New Jersey and California, while advances of a point each in American Can and Retail Stores were attributed in some quarters to Pool operations. Small losses were noted in United 175 { Prod. az 5 Re 8.00 + 29%] Marine 2 2 Petrol the Chicago market late yesterday | pineiines and has opened the way tor| Sera Copper nen was reflected on tho other side of the] ingependent refiners wishing to use| fam! Copper AUantic today and was responsible ling salt Creek crude. It also carries|Miavalg Steel for the firmness there. There wAelthe certainty of an additional pipe-| Missour! Pacitio ely Yor! entral .. . some short covering here during Une from the field and possibilities of] New Yo early dealings and it took but Iittle/. rorinery to handle the output which . ae = plied commission house selling to make *Jewill be of ample capacity to fill the| Northern is reaction, the market easing oe st ck-| needs of other independents tn that|\orthern Pacific... .. ly. There was a good demi e | wistrict Pacific Oil to take out defective engines and ca-s. “The Michigan Central has hastily NEW YORK, Aug. 22,—Great Bri-/ patched up an explanation to place tain demand 4.47%; cables 4.47%; 60-/the biame for loss of life upon the day bills on banks 4.45. striking shopmen instead of on the France demand %.%2%; cables raflroad where !t belongs. This was Italy demand 4.51; cables 4.61%. More easy because the engine crew Belgium demand 54.) was killed and so could not give testi- Germany demand. 07%; cables .07%.| mony to the defective condition of the Foreign Exchange Eas‘er. 13% | Marine new 35% / Mutual ...... 23%/5. O. Indiana . - 994 |Citles Service Com. + 33) | Fensland +119 |New York 1 $100.94 BT% roe 3 $100.89| Sttes Steel, Marine preferred, Chi-} Holland demand 38.90; cables 38.95. locomotive which they were called up- — ne en, 1936. 130 cash wheat from the seaboard for —_—_——s Pan American roleum ..... 76%) ““y00.90|°28° and Northwestern, Chandler Norway eman 17.34. on the drive 60-miles an hour. Paris LMR.R., 68, 19 export and some sales were reported | Pennsylvania ......... = 47%! 2 100.16| Reading, Great Northern preferred,| Sween eman 26.47. “No two reports as to the nursber|Queensiand, 7s, 1941 made over night but the quantities {People’s Gas ......... + 92% z - 100.76| Lehigh Valley, Southern Railway and} Denmark eman 21.57. of spikes ‘maliciously’ withdrawn| Queensland, 6s, were not given. Receipts of wheat jPure On .. tenes : se Second 4%s . Mexican Petroleum. Switzerland deman 19.06. agree. As a matter of fact it is|Sin. Crude Ol, 5% here today were 448,000 bushels. The iz Fe Seneolaatse, Copper: I Fox) Third 4%5 An apparently over-bought condition] Spain demand 15.53. agreed that a long section of track} 1942... opening which varied from Yo to Th: pega a EE 73 °|Fourth 440. having been created by five consecu-| Greece demand 3.18 was torn up after the engine left the siete higher with Septernber $1.01% | t Royal Dutch, N.Y. 56 | Victory 4%s tive days of increased prices caused| Poland demand .01%. rails, This isa natural case. Drawn| aw pall welt ng 1925 $1.01% ahd December $1.03 to $1 Sears Roebuck 91% | an energetic attack on the whole ist] Czecho-Slovakia demand 3.47. spikes and torn up rails are regularly | Swiss Gov. :, 1940 was followed by a slight general * Sinclair Con Ol .. 3 sel by bears in the first hour, which was} Argentine demand 36.37. caused when a heavy engine rides the| Swiss Gov. 5148, 1929 back all around. Southern Pacific . - 94%! Crude Market given stimulus by the readiness of| Brazil demand 13.50. rafls. Altogether to a raflroad man,| Uruguay, 8, 1946 Wheat fluctuated rapidly within Sant iin Southern Railway - 28 ly toward . wife range and oem peoiy fg was| A special meeting of stockholders| sindebaker Corporation the finish. An 07 4 upward} Of the Mutual Oil company has been| Tennessee Copper @iaclosed when values star Venton and|falled for September 18, at Portland,|Texas Co. . Covering by are jatma A be way up.pPMe., at which time the propostion of/Texas and P: offerings were i 9 eo recent buyers to take profits, the re- 2 127% 19% | Mule Creek > 48%) Big Muddy + 33M |salt Creek - Montreal 99%. Standard Oil of N. J. ontreal 7 as contrasted with private detectives,| Virginian Ry, 62, the real cause was clearly an unfit} Whitaker Cleasner, 6: Sugar. locomotiv Un Be & Pi NEW YORK, Aug. 22.—Sugar fu-| Federal investigation of the Gury tures closed weak; approximate sales|wreck was continued while agents sultant reaction depressing many of the active shares from 1 to 3 points. Shippings, motors, steels and stand- ard rails were most affected. Special Classified ads tn the cfraising the capitalization from $15,|Tobacco Products capecially chemicals, public] 64,800 tons. Refined market dull and|from the justice department took a wiccssified possibly The close was strong, values showing 060,000. to $8b-boDe0e ri a tueertten | Teeecontinental (08 “+ 38% po ahoed Fra ettipments, offered stub-|about steady at $6.75@7 for fine|number of striking shopmen into cils-| sive with eters be sald aiocigain (of Tere ee cem-|to vote. With the ratification of this| Union Pacific ..... Signs Pe tember $1.02% to $1.02% and Decem. 1! ber $1.03% to $1.03% United Retail Stores U. 8. Ind. Alcohol 74 | Lance Creek tody at Gary 1365 |Bike Basin — born resistance to the seliing pres-| granulated. plan the company will have 6,000,000 for questioning. he | Shares of 2 par value of $5. United States Rubbe: ++ 58% | Greybull tl Offerings of Soe ile tlhe Sate A part of this increase wil be used| United States Steel . - 108% |Grass Creek _ ry opening which Vhigher, with Septem.| for the purpose of exchanging for|Utah Copper ...-s-.scccutccu, 88a Torobiight q ta flzures to foc. was followed by afStock of Western Oi] Fields and Bos- ee nouse pacar . : Sy Hamilton + i O1 kk Ti i hi i {moderate dectine on all deliveries. |ton-Wyoming Ol companies whtch| Willys Overland --:.=.2°0:1.1. a4 | Gumaion Polls Open in Casper Until 9 O’lock Tonight It moderate sere Covering was on in| Were absorbed some time ago and it Battstann taemenoe aie eScasa -SaRnR u Gemersl: shost cures 1 able that portion of it will be} : ‘ ywersold condition | 8 Drobable > rf fala Petroleum .. - * > Pope and wav orders, prices reacted | sed for the purpose of taking over Montana Power .. = 14% In t Creek Until 7 O'clock 1 ERG advanced sharply, the close be-| other compantes rumors of the merg-|Armitarn” Aiea | 9%) a and advan ith values ranging %c|!ns of which are persistent here at|Great Northern Ore - 42% ine tee with September 60%@ |the preeent time and appear to have|Chicago anl Northwestern 2... St pe es ran ee foundation on fact. Maxwell Motors B 19% 4 c. | Py Outs were dull. After Saxton ee 3) 5 unchanged figures to 40 lower, e | H pi Blc to 81%o, the market k | i. Pepteeenoe sets Pera Livestock Mart \i\ngill 4 te Provistons were weak fn line with ° lower hog values. si ee Chicago Prices. DETROIT, Mich., Aug. 22.—Owing TY ‘ tt Open. High. Low. Glose.| CHICAGO, Aug. 22—(United States) to the shortage of coal ,the Ford Mo- ; hi wamew— Bureau of Agriculture.)—Cattle re-| tor company’s Highland Park plant , 1.03% 1.00 3.02% |caipts 13,000; market slow: better has been equipped with oil burners, | > th sept - - - LO1% Dec. . _ - 1.03 1.04% 1.01% 1.03% |prades of beof steers firm; others and aa it was announced today. ‘The change ~ 1.07% 1.09% 1.06% 1.08% was made without loss of time to any| n “Maintained br Sele Greek" ate ite suno LET US CUT OUR TAXES ONE-THIRD re ~ 5% 80% 59% 60% Maintained in Salt Creek The Ford company, it ts understood ia — 54% -56%4 53% «55% | bulls and veal calves slow, weak: Field. has placed orders for 12,000,000 gal- - be = BI% 59% 57% .58% | stockers and fecders steady; bulk beef Ions of fuel oll. Before installing oil ee cows and heifers $5@7.25; cannere burners, coke screenings and other a 32 «80% «1K }and eutters largely: $2.75@3.65; bo-| With 22 producing wells in the Salt|ruel were tried out but found wneet Sept. - - - ,81 Ww 3 -88% -34% | logna bulls mostly $9.90@4.10; early|Creek field the Kasoming Of] company istactory. Tho oil burners have been! Dee. - _ - 88% 34% y y fe May — - - 27% 37% 87% 37%} sales veal calves $11@11.75 mostly. |is not showing any slgna of let up in|piaced in all the boilers of whioe there} th LARD— Hog receipts 26,000; slow, moetly|its development program and is con-\are 14. Whether they will be contin. f Sept. - - - 10.10 10.17 10.00 20.18 |15c to 25c lower; bulk 160 to 190-|tinually adding to its production. ued in use after the fuel shortage has J ae B 10.20 10.25 ound h $9.40@9.55; few early at] During the past week it has com-|pagsed has not been determined. Oct. — ~ - 10.20 10.21 Pe Ors @ iy Pe ™ RBs $9.60; 210 to 240-pound butchers| pleted it at8 on section a1 S979 poise th 9.82 mostly $9.15@9.40; bulk mixed 250 to|came in from the secon: ‘al ‘res! : erin 9.40 | 825-pound butchers $8.40@9; tng/at 2,500 fost. This flow has not yet| Vew Li Picker Is fet Oct. - - - bi tet sows mostly $6.90@7.25; pigs gener-|been gauged but from present indica- % te . Butter and Eggs. ally $8.50@9; heavy $7.75@8; medium|tions will hold up to the average for Proving Efficient e CHICAGO, Aug. 22.—Butter lower: | $3.65@9.45; lght $9.10@9.6t Nght| that part of the field. mi creamery extras 83%c; firsts 29@/ light $8.90@9.50; pacing sows, emiith,| Well No. C-3 on section 12-89-79 has _ sti 20%e; extra firsts 81@32%c; seconds| $6.75@7.50; packing sows, rough, 96.80| been drilled into the sand and is ready A new patented lug picker which 27@28c; standards 33. @7; killing pigs $825@9, to shoot 1D.2)on 18-89:79)is {nto thelsec: | noo net with success wherever tned ain tu. 27@ ‘4 be Exes unchanged; recetpts 14,589] Sheep receipts 16,000; western lambs|0Dd Wall Creek at 2,515 feet. A well su an cases. Potatoes. as CHICAGO, Aug. 22. — Potatoes teammar receipts 44 cra; total’ United States shipments 514; New Jersey sacked cobblers $1.85@1.90 cwt.; New Jersey sacked Glants $1.55@1.60 cwt.; Nebraska sacked Barly Ohlos 60@90c cwt.; Nebraska sacked round whites, 21.60 ewt; Wisconsin sacked cobblers 21.50 ewt; Minnesota sacked Early Onios $1@1.20 cwt. With the Oil Men Judge Fred W. Freeman, western representative of the Texas company arrived in the city this morning from Denver accompanied by Mrs. Free man. eee Ike West, former superintendent of the Kasoming Of company, and now contracting driller for that corpora- butcher she stock weak to 15c lower; spots off mere on she stock; early top beef steers $10.85; bulk §$9@10.25; to killers mostly steady; top Waehing- ton and Idahos $13; others $12.65@ 12.75; native lambs 100 to 15¢ higher than Monday's average; top $13 to city butchers; $12.85 to packers; sheep steady; fat ewes mostly $4@7; feeder lamps higher than early yesterday; best $12.75; choice light Washington yearling breeding ewos $11.75, Omahs Quotations. OMAHA, Neb., Aug. 22.—(United States Department of Agriculture.)— Hog recetpts 7,500; market average to about steady; spots Bo to 100 lower on packing grades; bulk mixed and pack- ing grades $7.10@8; bulk 200 to 800- pound butchers $8@8.85; top $9. Cattle — Receipt: 10,000; better grades cornfed steers steady; top yearlings $10.60; other grades of beef steers slow, mostly 100 to 150 lower; she stock slow to 1c lower; bulls and. vea's generally steady; stockers and feoders steady to easier; spots lower. Sheep receipta 12,500; lambs strong to 250 higher; bulk $12.50@12.78; top $12.25; feed clipped lambs $12; sheep on section 19-40-78 1s being drilled in and the casing ts full of oll. A location made by Producers and Refiners corporation on the northeast corner of the southeast quarter of 14 will necessitate an offset by the Ka- soming on 13 and a righ will be erect- ed here in the near future. No. 9 on the northeast quarter of section 7-89-79 1s being cemented at the first Wall Creek. A crooked hole has developed on gection 22-40-79 at 1200 feet and the rig is betng skidded to a new lo- cation. GAS. ENGINE BRINGS INDUSTRIAL GHANGE Development of Internal Combustion Motor Works Revolution in Ol Industry. A complete economic change has taken place in the petroleum industry this district is being manufactured by the Wyoming Tool company at Sho- shont. ‘This tool was recently used by the Kasoming O!! company in {ts well B18 on section 11-39-79 in which a lug was @ropped at a depth of 1,200 feet with 700 feet of ofl standing in the casing After cleaning out the cavings in the hole the lug was easily picked up without any trouble and drilling was continued. ‘This tool which carries the name of the Matheson Lug Picker has also been used successfully in other wells in the field. pcm Sh Jewelry and watcn repairing Dy ex- pert workmen. All work guaranteed Casper Jewelry Mfg. Co, 0.8 Bldg. 2548 field ‘ in the years intervening between 1506 le eies about steady; weathers $7.50, and 1923, according to a statement ea Harry J. Newton of the Newton made by R, L. Welch, secretary of - Brokerage company in Denver ts a pease crops Be Th wis) tacg| the American Petroleum Institute, be-| business visitor to this city. 74 <oatey °% te fore the senate committee on manu- a cee LOC Ebon ete a eee pat BMMER bt cecren, (which talcontesting annie - — ri G. H. O'Donnell and Joe Cook of| £0°@ 8-60; dartted Pood eer reese’ |auiry into the of! sttuation. ay the Mutual Of! company, have returned | 0-0 : raid from a trip through the northern Part of the state attending to com- pany business matters. SUPPLY GOVERNS PRICE OF OIL, PROBE SHOWS Under existing conditions in the off industry, no one company or group of companies is strong enough to fix an arbitrary price for crude petroleum or its products, according to evidence R. L. Welch. secretary of American Petroleum Institute, be tore the senate committee on manu tion in Salt Creek, isin from : feeders 250 higher; feeding lambs 6.00@7.25. Hogs reciepts 1884; market steady to 10¢ higher; top 9.35; bulk 8.00@9.00. Sheep reciepts 816; market steady to strong; ewes 5.00@7.00; spring lambs 11.00@12.26. LL factures, in connection with the oom- mittee’s off inquiry, Prices have been declining since early in July, Mr. Welch told the com- mittee, because of an overproduction of crude oll. “Overproduction will inevitably force down the price of oil,” Mr. Welch said, “just as a demand in ex- cess of the supply wilf cause the mar- ket to ris | ———_—_—__— | Meet me at the Smokehouse. of the independent interests. i is about 63 per cant in the United Next to the remarkable growth of the industry {itself during that period ~—from a gasoline production of about 8,000,000 barre's in 1906 to an indl- cated production of 140,000,000 barrels this year—the most noteworthy fea- ture has been the astonishing spread For example, in 1906, the independ- ent refining capacity was only about 10 per cent of the total; at present it States alone and 66 per cent tn this country and Mexico combined. “The key te this profound change,” Mr. Weich tol@ the committee, “le the! development of the internal combus- tion engin: | proscar SS a Subscribe for the Tribune and get a key for every-50c paid, 8-12-tf- SWAN. UNDERREAMER OIL ACCOUNTANT Expert ofl accountant is in po- sition to handle small set of books in spare time, or will install mod- ern system of oll accounts, Reason- able fee. For interview address Box A-55, Tribune. JOHN W. HAy THE PEOPLE’S CANDIDATE FOR GOVERNOR He Gives You His Promise of Lower Taxation. He Never Breaks His Word