Casper Daily Tribune Newspaper, August 25, 1922, Page 10

FRIDAY, AUGUST 25, 1922. $0,000 tons. Refined was quist/ assigned by Mr. Roosevelt to the fon . a Ananiaa club. the defendants in = \. Smith successfully op. to remove him to the Columbia for trial son of the late wn. th, who many years WMKET GOSSIP AND FELD NEWS lL PROQUCTION 1S ON DECREASE NEW YORK, Aug. 25.—The daily average gross crude oil Allied Chemical & Dye Allis Chalmers — MANASEr Of the Asso. American American American American International Corp i American Locomotive general health, having found benen: American Smoiting % Retg until lately in special trentments. T production of the United States decrease 11,700 barrels for |American Sugar -...-...- seriousness of his’ present con the week ending August 19, totalling 1,492,450 barrels, fas | American Sumatra’ ‘Tobacco 3, i048 20488 108” + coll ering antes os ee ep Manufacturer twas attributed by nusociates to heart compared with 1,504,150 barrels for the preceding week, ac-|Amaien Tones. fe, 1941 108% 204% | On epttinaggentin crept cant one #3 cording to weekly summary of the American Petroleum in- wieiaa nen Belen Ghee, 1887 lL gee | Louteville and Nashville rising 14) Critically Ill) - = WHEAT PRICES ARE UNCHANGED Variation of Fractions Only at Close of Trading in Chicago. CHICAGO, Aug. 20—Weakness at Liverpool and thd unsettled foreign situation were reflected on this side the AUantic today and wheat values curned downward at the start. A fair clase of buying, however, checked th: downturn and the market rallied some what from the fpaide figures. The opening which ranged from % to tic lower, with Geptember $1.01 to $1.01% and December $1024 to $1.02% was followed by alight general gains on all deliveries, ‘The market-showed consideravie re- sistance to selling pressure = d while the news in the main was considered beartsh, offerings were light. Loca horts evvered on the bulges and in creased pressure found the market poorly muipported. The close was at unchanged figures to %o higher, with Septemer 1.01% to 1.01% and Decem dae $1.08% to 1.08%, Corn was devoid of the persistent buying, which has been euch a facto: in the last few days, and on reports of ,seattened rains showed a tendency toward lower prices. After starting unchanged dgures to %0 lower, wi September 60% to 6€0%o, the corn market underwent a slight setback then made something of a recovery, Com Hecame uneettied with wheat ena falled to retain advances. At t finish values were %o to ‘ec net lower, with September 60% @%o to coc. Qata were dull, which ranged from advance, with September followed by slight general gains al! eround. Provisions were ensier-in-line with grain. initial quotations (0 dncline to %4c 31% were Open. High. Low. Close. WHEAT— Sept. . - - 1.01 ‘1.02% 1.01 1.01% Dec - 1.02% 103% 1.02% 1.03% May - 1.07% 1.09 1.07% “1.08% coRN— Sept. - - ~ 60% 01% .60% .60% Deo. - - ~. 55% 56% 55% 55% == — B8% (59% 58% 58% oaTS— Sept. - S1% 29% 81% 82% Dean. . . .84 34% 38% .84% May . . ~ B7% 38% .37% 387% LARD— Sept. - -.- 20.40 20:00 20.35 10.37 Oct. - . — 10.50 10.57 -20,46 10.42 RIBB— ON GRP 9.75 ST a Se 9.55 Butter, Eggs, Poultry. CHICAGO, Ang. 25.—Butter higher: creamery dxtras 34@84%40; firsts 2915 @Blc; extra firsts 82@33i4c; seconds 28Q@P4%c; standards 33%. Bges higher receipts 7,885 cases; fests 23% @24c; ordinary first 20%@ 2lo; miscellaneous 22% @2%c; storage packed firsts 34% @250, Poultry-altve? lower; fowls 15@3ic; broflere 20; springs 13%o. 240; roosters Potatoes. CHIOAGO, Aug. 25. — Potutoes strong on Barly Ohios, steady on whites; receipts 49 cars; total United Stutes shipments 711; northern New Jersey sacked and*bulk Irish cobblers $2.00@2.15 owt; Go, sacked giants $1.50 @1.60 cwt; Indsho sacked round whites $1.80 cwt.; Minnesota and bulk Barly Oftfos $1.80@1.40 owt. Swedish Kroner Selling at. Par NEW YORK, Aug. 25—Swedish kroner were quoted at par today for the first time since1919. The rate for cahlos was 26.82 cents as ageinst par of 26.89, an tncrease of 12 points over yestertay’s close. French franc deciined seven points to a new low record, beng quoted at 7-62 cents. German Mark . On Toboggan LONDON, Aug, 25—(By-The Asso- slated Press.)—The German matk sfumped early in today's dealings on the Lonfon exchange market, bemge quoted at more than 10,000 to the pound sterling. There was rapid recovery, however, | @uring the afternoon. At 8 o'clock the mark was quoted at 8,500 to the pound ss eee WYOMING OILS ‘EW YORK, Aug. ming ofls at 2 don the New 25—Prices of m. today were rk curb as fol- ton-Wyoming 81; Fensland 16%; fountain Omar Meret Me at the Smokehouse. Oklshoma-Kansas shows a average gross production ef 487,300 barrels, a decrease of barrels, central Texas a decreas: 760 barrels, north Louisiana crease of 150 barrels, and Arkansas 4 Gecrease of 2,850 barrels. In Okle- i production of the Osage Nation j {8 shown as 112,150 barrels, against @ of 1,- an 111,750 barrels and output of the Ly-| was 16000 varrels,| ons-Quinn pool against 17,250 barrels. The Mexia pool, central ‘Texas, is reported at 62,000 barrels, against 64,- 000 barrels; Haynesville, north Louts- jana, 55,450 barrelg against 55,200 bar- rels and Bl Derafo, Ark., 29,650 bar against 32,000 barrels. In the s. gulf coast field, west Columbia ts re- ported at 32,250 brrels against, 34,000 barrels, and rein against’17,600 barrels. No changes were reported In ernde oll prices for the major districts, mid- continent crude is quoted at $1.25 a barrel and Guif Const at $1.25. Accorting to figures collected by the institute, the tmports of petrol- eum (rude and refined ofl) at the princtpal United States porte for thi week ended August 19, totalled 2,287 989 Darrels, a daily average of $26,856 barrels, compared with 3,258,812 bar- rels, © dally average of 822.687 bar- rels forthe week ended August 12. Drilling Eesunsed on Test. BASIN, Wyo., Aug. 25—The Mark- ham fnterests strated work yesterday on the well recently brought in in} the Kimball sand in the Manderson field and will finish same to the Muddy and Greybull sands. ‘The same interests have moved a ing into the same field on the Quiner permit and will spud tn tomorrow. YW. D. Yeager of St. Anthony, Idaho, who has inter- ested a number of prominent Idaho capitalists, was here when the Mark- ham well was brought in and ar- ranged for quite an acreage in that feld and expect to atart development work by the first of September on a argo scale, The Ohfo is reported to} be negotiating for acreage adjacent to the discovery well and geologists who nave examined the field believe that much larger production will be found in the Kimball sand tn other parts of the field. ‘The Mercer well at Mercer dome.be- ing drilled by the Ohio has had crook- ed hole a number of times Intely and are now reported around 1850 feet and are about 150 feet from the Tensleep sand. This test fe watched with keen interest owing to the fact that there is a large amount of similar land in this section, Tulsa parties are re- ported to be negotiating for a largo acreage in the Eight-mfle structure which 4s similar to the . Manderson where the Markham well was brought in and tho sands approxiatmely the same depth. Producers & Refiners No completions are shown for the week on the report of Producers & Refiners Corporation, although No. 8 on section 80-40-78, Salt Creek, ts ready to drill in an@ will probably be finished earty in the coming week. Preparations are being’ made for a new desp test in the Ferris fle™ on nection 2526-87 sn@ the crew is now running derrick. A stub derrick ts being built at No. 4 on section 25-26-87, preparatory to placing the well on pump. Other operations of the company stand as follows. Sale OCreelx. No, 1, section 18-40-78, crew drifting water well. No. 1, section 24-89-78, rigging up. No. 6, section'’6-88-78, running der- rick, Mahoney Dome. No. Lon section 33-26-88, drilling at 865 on second hole, No. 1 on section 84-2688, under reaming at 2,130 feet. No. 2 on section 4-35-88, drifting 2,030 feet. Wertz. No. 2 om section 7-2089, running 5 8.16-Inch casing at 3,400 feet No. 3 on secticn 7-26-89, drilling at 615 feet. Ferris. No. 5 on section 25-86-87, cleaning out at 1,825 feet. No. 8 on section 25-26-87, drilling at 1,405 feet. Light showings of off at 1,390. No. 8 on eection reaming at 1,465 feet. No. 10 on section 28-26-87, drilling at 1,570 feet. No. 18 on sectton 25-2687, rigging up. No. 1 on section 25-3667, cleaning lout at 1,725 feet, preparing to place | welt on pump, No. 12 on section 2638-87, under reaming at 1,543 feet. 26-26-87, under | Consolidated Anmual Meeting. Consolidated Royalty Of company ts mafling out notices of ite annual }mecting of stockholders which will be held at the local offices of the cor- | poration on Sept. 18. | No special matter t# expected to be |taken up at the time the only things [scheduled being election of officers |and routine business. Fargo Test Making Progress. | Good progress is being maintained jwith the test well of the Burge Oil company in the South Casper Creek district which is now about half way to the sand. ‘This well, known as No, 2, ts located on the northeast quarter of the south- east quarter of section 3-88-83 and is |now drilling at 1100 feet, The Embar i sand which is the objective in this text Js expected at approximately 2200 | feet. ee Subscribe for the Tribune and get a key for every 500 pals B-12-tf ;| Baltimore and Ohio . Atchison ........ Gulf and West Indies. Baldwin Lecomotive Au Bethlehem Stee? “B' jCanadian Pacific Central Leather |Chandier Motors Chesapeake and Ohio - Chicago, Mil. and St. Paul - Chicago, R. I. and Pac. Chino Copper Colorado Fuel and Tron . Corn Products Crucible Steet Erle ss Famous Players Lasky General Asphalt General Electric General Motors Goodrich Co. ... Great Northern pti Tilinots Central Inspiration Copper International Harvester Int. Mer Marine pfd. .. International Faper Invincible Oil... Kelly Springfield Tire . Kennecott Copper *.. Loutaville and Nashville Mexican Petroleum Miami Copper *- Middle States ON ...-. Northern Pacific ... Oklahoma Prod, and Pacific Of! ... Pan American Pennsylvania, People’s Gas Pure On Rep. Royalt Dutch, N. Sears Roebuck Sinclair Con Of Southern Pacttio Southern © Raflwa: Standard Otl of N. ex Studebaker Corporation ., mnessee Copper Texas Co. ....... Texas ant Pacific Tobacco Products ‘Transcontinental Of Union Pacific .......e.-< United Retall Stores U. 8. Ind. Alcohol ... United States Rubber . United States Steel . Utah Copper ........+- ‘Westinghouse Blectric Willys Overland ...... —_ American Zinc, Deaf and Sm. . Butte and Superior Cala Petroleum Montana Power . Shattuck Arizona ... Great Northern Ore . and Northwestern Motor B Chicago Maxwell FOUR NEW CAT CREEK GUSHERS Mid-Northern and 56 Petro- leum Complete Wells Last Week. Four new second sand wells with an average output of 7700 barrels have been completed im the Cat Creek field during the pest few days. The 56 Petorleum company brought in tho first of the four and is now on the pump and gauging a 700 barrel flow. The Green-Mid Northern No. 12. is offsetting the 56 on the east. With the bit only a couple of feet mn the sand, this well is:showing as good os the first one and will probably make as good a showing when drilled deeper in the sand. Green No. 13 is also in the sand, ‘This well is on the northwest corner of the northeast quarter of 11 and off- setting the 56 on the east. It is ex- pected to pump not less than 700 bar- rels. The Catlett-Mid Northern Ne. 5 on the southwest quarter of the north- west quarter of 18 is into the sand and from present indications will hold up to the average of the four, Western States Well Promising. Advices from Harmiin, Mont., are to tho effect that the Western States Oil | West quarter of section 84-6-82 in the Soap Creek field locks like an oiler ,|Fourth 4%s . Third 48 Victory 4%s ey eee eae SRST Se Grass Creek Torchlight Hamilton —.. Cat Creek - 1.20 -70 1.20 is being made to that part of the field for acreage. It is said that the lease on which this well was drilled was sold originally for $7.50 per acre, was transferred later for $100, gnd it 4s doubtful now 4f $1,009 would be con- sidered by its present owners. Adams No. 1 has been drilled to the sand in the Devil's Basin field and ofl is now running over the top of the 00 | Framerican o|N- O. Tr. & N. P, Gt. N. Br’klyn Un. Gas, 105 | points to a new high figure for the 26 < + 106% 1947 104% Canada bs, 1) 99% Subscribe for the Tribune and cet 5 key for every 50c paid. Bitte —— Surveying and Locations Geologists Oil Experts Oil Field Maps, Blue Prints WYOMING MAP AND BLUE PRINT CO. P. O. Box 325 Room 10, Daly Bldg. CHICAGO, Aug. 25.— De Lavan Smith, published of the Indianapolis; News and vice president of the Oll- ver Typewriter company, was report- Money. NEW YORK, Aug. 26,—Call money firm; high 4; low 3%; ruling rate 3%; closing bid 4; offered at 4%; Inst loan|ed to be critionliy ill at his Lake 4; call } against acceptances 3%; | Forest summer home today. Several time loans firm; mixed collateral 60-90 blood transfusions were said to heve days 4@4%; 46 months 4%@4%;/ been made. ° prime commercial paper (@4%. Mr. Smith took part in ths Panama —_—— canal controversy with the late Pree ident Roosevelt and because of an editorial in Smith’s newspaper be was | Foreign Exchange Steady. NEW YORK, Aug. 25.—Great Brit- in—Demand, 4.47 1-16: cables 4.4 o-16- CO day billie om danke 4.44 13-16. cables 7.47%. ; cables, Before the Primaries I am working hard and staying up late, because I am a candidate. After the Priraaries I have worked hard and stayed up late, I got the can without the date. J. E. ZOLNOSKI. cables, Germany—Demand, 05%. Hollané—Demand, 39.08, Norway—Deman4, 17.50 Sweden—Demand, 26 Denmark—Demand, 21 Switzerland—Demand, 19.07. Spain—Demand, 15.56. Greece—Demand, 3.20. Poland—Demand, .01 1-5, Czecho-Slovakia—Demand, 3.52%. Argentine—Demand 36.25. Brazil—Demand, 13.35. Montreal—89%. 05; cables, ‘DuPont, 7s, 1931 39.08; cables, Gt Nor., 5%s, 1952 Gt. Nor., 7, 1936 .. Hock. Valley, 68, 1924 Huro Ol! & Ref, 5%s, 193: LaBelle Iron, 69, 1940 . Jap Gov., 48, 1931 . Jap. Gov., lst, 4%s, 1925. Jap. Gov., 1925 Miss North Pac. 68, 2047 . Lt, 6s, 194 ‘It., 64n, 1936 Y¥. Cen., 5s, 2013 ‘ANNOUNCEMENT I wish to thank my friends and acquaint- ances who so loyally assisted and helped me during the recent election. CLAIZE M. GILLAM. 25.—Copper— dy. electrolytic, spot and futures @14. Tin—Easy. spot and futures $32.00 Iron—Steady and unchanged. Lead—Steady; spot $5.90@ $6.00. Zino—Quiet; East St. Louis spot and nearby delivery $6.20@$6.25. Antimony—Spot $5.25@$5.37. Queensland, 6s, 19947 Seine, 7s, i943’. e Sin Crude Of] 54%4s, 1925 Sol. & Cie, 8s, 1927 Py Sugar. NEW YORK, Aug. tures closed _ stead: Sugar fu- approximate 1p 81 40 Swiss Gov., 5%s, 1929 Uruguny, 30, 1946 . OT OGKS GL THEN SLUMP Early Strength Offset by Profit-Taking in Closing ‘at casing. No test of the production has been made owing to lack of pump- ing facilities, but when shot and clean- ed it is expected to make a fair, pro- ducer. Livestock Mart Chicago Prices. CHICAGO, Aug. 25.—(United States Department of Agriculture)—Cattle recetpts 5,500; market generally steady; strictly prime yearlings strong- er; Beef cows and heifers very slow; top long yearlings $10.86; weight 1,051 and condition to sell at $8.75 to $10.00; canner and cutter cows mostly $2.75@ 3.70; bologna bulls largely $3.00@4.15; veal calves early around $11.50@12.00. Hogs, receipts 18,000; lighter weight tive 10 to 150 hight op $9.70; bullc. :60@9.85; others slow, steady to strong; 210 to 240 pound butchers mostly $9.25@9.50; good choice 275 to 300 pound butchers $8.70@9.10; pack- ing sows mostly $6.50@7.10; bulk. pigs 7.75@8.25; heavy $7.75@9.15; medium $8.15@9.60; light $9.40@9.70; light light $8.90@9.45; 1S SOWS, Smooth $6.75 @7.45; packing sows, rough 86.15@ 85; killing pigs $7.50@8.75. & Lend company No. 7 on the south-|»¥, 1y $9.00. eighd| although considerable difficulty is be- ing had at present in-an effort to shut ctf water which is coming in from) above. immediately after drilling through water sand and before the flow was cased off the bit penetrated the Madi- son lime which is ofl bearing and Grilling was stopped until the water could be taken care of. Considerable ofl 4s coming up with the water end as this sand wag saturated for over seventy “feet in the No, 3 which was not g0 well located as this'well struc turally it is expected that when No. ' 19 completed ‘t will be the ‘best pro- ducer in tho field, New Weil In Sunburst Wield, ‘Tho CallforniaHomestake Explore tion company has completed its No, 2 on gection 26-5-2W in the Sunburst field at 1520 feet, Owmg to a break- down of the machinery just after the sand was entered which necessitated a delay until repairs can be made, no estimate of the production can be be @ good commerctal well and compare favorably with any ef the wells in that field, This well is six miles south of the latest former completion and five miles south of the Steyenson Sunburst No, 1, It is one and one half miles from the Fulton well and about the same distance from tha ‘Troy Sweet- grass and proves a considerable area of new acreage. The strike was the cause of a great amount of excitement and quite a rush made, but with over 600 feet of oil] * standing in the caging it ed to winl| @7.25, eep scarce; few natives ewes to killers $4.00@7.00; in- side figure taking extreme heavies. Omaha OMAHA, Neb., Aug. 28.—~(Umited States Department of — Hogs, receipts 6,000; active 15 to 9 ere $8.09@8.90; top 99.90; bulk aking ere 80; ; bulls coe ae receipts 1,250; beef steers, stockers and fedders dull, t Scarce; good corn fed yearlings bulls and veals about steady. Sheep, receipts 8,000; all clusses steady; best western lambs $13.90; ne- ttve lambs $12.75; fed olipped lambs $12.00; yearlings $10.25; early sales feeding lamba $11.90@ 12.25; sorted lights quoted up to $12.60, Denver DENVER, Colo. receipts Aug. . 25.—Gattle Hog reosipts 200; market-stesdy te 100 higher; top $7.10; bulk 8.50@ Sheep receipts 600; market steady ewes $6@7; spring lambs $11@13.50, ns Meet me at the Smokehouse. ———.—___ Classified ads in the Trfbune inners and possibly the give with every 500 paid at office win you a big prise, 8-12. pounds; bulk beef steers off quality | gal are keys we; Hour Today. NEW YORK, Aug 25.—Increased public buying imparted a strong tone to the early dealings on the stock ex- ohange today. Public utilities were in good demand and there were indica- tlons-of a reduced floating supply of those stocks. Heavy speculative sell- ing accompanied by week-end profit taking in the final dealings* caused general reactions of 1 to 3 points. Sales approximated 900,000 shares. Extensive liquidation occurred in the final hour on the announcement that the independent negotiations be- tween certain railroad executives and raitway union leaders had been defi- nitely broken off. Many of the day’s ins were cancelled and _ several stocks were depressed 1 to 2 point below yesterday's final quotations. The closing was heavy. MrourH+1a djs NEW YORK, Aug. 25.—Over-night news developments including possibil- ity of congressional action authoriz- ing thp governmental seizure of the coal mines, resulted in continued tr- regularity at the opening of today’s stock market. Confused price move- ments occurred in the rail shares. Union Pacific selling cff 1% with number of standard issues, while Ann Leather preferred and Reynolds To bacco. Domestic oils were strong, A new shipment of BEAUTIFUL POTTERY AT VERY REASONABLE PRICES the way for e rebound throughout ist with pronounced advances in memy stocks. Announsement of price increases for steels and tron products caused an active inquiry for United States Steel which advanced approxi- also broke through to © new top, pre- sumably in response to the receipt of ordera for 45 locofhotives from the “Katy” system, Additional new highs ‘were made by Consolidated and Co- lambie Gas shares, Famous Players common and preferred; Omaha, Am- This lot includes Tea Tiles at 65c, in delph N - blue; Teapots, in jade green; Fruit, Flower and Salad Bowls, Vases, all colors and designs. Just everything in the Pottery line to add that needed touch of color in your home. NOTICE OUR WINDOW CAMPBELL HARDWARE CO. Phone 425 147 South-Center St. Off ite early = ahgge do more than 1% points ahove last t'a close, Common and pre- gtocks of Atjanto Gulf and Chi- ‘cago and Alton reiiway were the out- standing weak «pots. Call money opened and'renewed at 3% per cent, A morg hopeful tinge colored sent!- ment and buying of stocks went on| vigorously In many new directions, The inquiry embraced a varied .2s sortinent of shs:es whith advanced 1 jee 8 peints. “articujar strength wa: shown by. Crucible Ste2', Marine prev