Casper Daily Tribune Newspaper, September 15, 1922, Page 9

cA id FRIDAY, SEPTEMBER 15, 1922. STOGK MARKET WHEAT PRIGES [sex _— TS RESPONSIVE Bears Lie Low as Prices Re-| spond to Improved Indus- trial Situation. NEW YORK, Sept. 15—Activities American: of speculative pools combined with bullish. traders about Buropean war| American T- & T. a vances in today’s stock market, Continued improvement in the tndus- jeerful sentiment. ated 950,000 shares. Usual week-end Sales . approxt-} profi: taking caused some trregularity in final deal-! ings. Lew priced oils, motors and rubbers were bid up but cheaper rails and some of the specialties were of- fered ‘freely. The closing was trregu- ‘ar NEW YORK, Sept. 15.—Irregular price movements took place at the opening of today’s stock market ses- sion, but the main tendency egain| was upward. Public utilities nose substantially on the expectations of a heavy 7ecumulation of buying or- ders, new ‘iighy for the year being! ablished by North American and People’s Gas, while Consolidated Gas shot up nearly 4 points and Laclede Gas 1%. Rail shares held firm, New) Orleans, Texas and Mexico climbing: 1% to ® new peak price, while most of the standard issues improved frao-| tiomtlly. Wilson company responded to the reports or a packing house merger by climbing 2 points and Iron Products moved up 2% to a new top| price, Profit taking caused some re- cessions In domestic oils, notably in Cosden and Houston, while Mexican Petroleum, after an early diaplay of strength, slipped back 2 potnts. Free: offerings of Cluett Peabody forced tt down more than 2 points, ‘The market steadied ahd then moved Torward in’ response to the large vol- umo of buying orders which came into the-market during the morning. Pub- Ne utilities, offs and merchandising shares led the advance, gains of the leaders ranging from two to nearly five points. There was repeated evi- dence of profit taking but all the of- forings were easily absorbed. Consoll- dated_ Gas extended its gain to 4% {| points! abd gains of three points or “more were made by People’s Gas, La- ? , clede Gas, General -Electri¢, Wilson company, May Departmént Stores, Na- tional Cloak and Sulit, United ‘States Rubber first preferred and New Or leans, Texas and | Mexico. strong spots were Texas Gulf Sulphur, Phillips Petroleum, National Biscuit, Iron Préducts, American Writing Pa- per preferred ana Toledo, St. Louis and Western preferred. NEW YORK, Sept: 15.- the market became strong as the ses: sion progressed with the steel,-tobac copper, equipment, shi; ard with rapid strides. “Buying back of stock by the short faction, and the im- pressive evidence afforded of the con- stant growth of the investment de- mand were primarily responsible. for the comprehensive show of strength. American Radiator mioved up five points, American Snuff 44%, American Car three, Gulf States Steel 2% and American Locomotive and Marine pré- ferred 2 points. SILVER NEW YORK, Sept, 15.—Foreign bar ellver 69; Mexican dollars hee {Money _| NEW YORE, Sept. 15.—Call money easier; high 4%; low 4%; ruling rate 4% closing bid 4%; offered at 5; last Joan 4%; call loans against accept- ances 4; time loans firm; mixed col- Jaterial, 60-90 days 44%@4%; six) months 4%@4%; prime commercial paper 4% @4%. | _Merars | NEW YORK, Sept. 15.—Copper quiet; electrolytic spot and futures 14. Tin steady; spot and nearby 32.12: futures 32.12@32.25. Iron steady, prices unchanged. Lead firm; spot $6.00@6.10. Zine firm; East St. Louis spot and nearbl delivery 6.50. Antimony spot 6.50@6.75, Foreign Exchange NEW YORK, Sept. 15.—Foreign_ex- change steady; Great Britain demand 4.4214; cables 4.42%; 60 day bills on: banks 4.40%. France. demand 7.58; cables. 7.58%. Italy demand 4.20; cables 4.20%. Belgium demand 7.16%; cables 7.17. Pr wear? demand .06°11-16; cables 7 Holland demand 38.69; cables 38.74. Norway demand $16.80. Swéden demand 26,37. Denmark demand 21.20. Switzerland demand 18.72. Spain demand 15.14. Greece demand 2.’0, Poland demand .01%. Czecho-Slovaldia demand 3.28. Argentine demand 35.62. Brazil demand 12. Montreal 99 15-16. SUGAR NEW YORK, Sept. 18.—Sugar fu- tures closed easy, approximate sales 91,050 tons. The market for refined sugar Was unsettled and prices were unchanged to 25 points lower, with Practically all refiners now at the 6.25 cent level for fine granulated. ee First. class watch ant jewelry re paring; artistic digmond resetting. Kine, Jeweler. Of Kxchange Bidg. zante gm. B. Other | ‘The tone of} Ing and stand-[ railroad shares moving forward |” GAIN STRENGTH == | September and I December Are! American Back Above Dollar Mark at Close Today. CHICAGO, Sept. 15.—Taik among erly dealings. The fact that the Liverpool market apparently paid no heed to any likelihood of war, how- jand s0 too aid that Europeans were without funds }to pay for augmented supplies foodstuffs. Dethandi was almost ex- clusively frem shorts The opening, (which varied from unchanged figures jto Mec higher, with December 89%{c to $1.00 and May $1.04% to $1.04%, was {ullowet by « little upturn laround. | Subsequently a sharp additional upturn in prices took place, with buy- jing \based on talk of active export }business and on assertions that a rally was overdue, values having been cn the downgrade for four con- secutive days. The close was strong. 1% to 3 cents net higher, December $1.01% to $1.02 and M=> $1,06% to 1.06%. | Lack of selling pressure was a fea- ture of the corn cnd oats trafle. After jpeg unvhanged to %c_ higher, ;December 56K%c to 56%c, the corn |market conthwed to harden. Houses with northwestern connec- tions led the buying. -The.close was firms, % to 1%o net ene Decem. ber 57%c. Oatu started unchanged to %c high- er, December 24%c and later scored trifling general gains. Provistons were du!) but firm in line with hogs. Open. High. Low. lose. | WHEAT— sie | Sept, . . - 1.015%. 1 Dec. - = - .99% 2.02 May — — - 1.04% 1.06% 1.04% 106% | CORN Sept - - ~ 61% .62% .61% .62% Dec... — 5 56% 57% 56% 57%) May - — 59% 60% 59%" .60% OATS— Sept, 2 - - .85% .87% 35% .37% Dec. = = = 343) 35% 34% 35% May ~~ ~ .37% 88% .37% .38 LARD— Oet. -a)s, 2 10.52 10.40 10.52 Jan, 6) su 8.97 RIBS— Sept. . . = 9.92 OR es 9.92 Butter and Eggs CHICAGO, Sept. 18—Butter firm; creamery extras 38%c; f&sts 21%¢@ extra firsts 34c@37c; seconds c@300; ‘standards, 35% c. Eges unchenged; receipts cases Poultry alive, Slane) 16e@25c springs, 240; 6,712 ae POTATOES CHICAGO, Sept. pi eye 4 strong on whites, steady on early inion; receipts 38 cars; total’ United ates shipments 730; | Wisconsin sacked and bulk round whites Antigo section $1.90@$2.00 cwt; other sec- tions $1.50@$1:65 cwt; Minnesota and Dakotas sacked and buly early Ohios $1.1E@$1.25 cwt; Minnesota mixed red and white varieties $1.35 cwt, Live Stock curoncior aoe Sept. oe “(United States Department. of ~“Agriculture).—Cattle, receipts 4,500; active, generally steady to strong on all classes, fat native beef steera comparatively scarce; quality and flesh condition rather plain; top matured beef steers $11.35; bulk $9.00 @10.60; bulk bologna bulls around $4.76; bulk veal calves $13.25@13.60; bulk canners and cutters $2.90@3.65. ‘Hogs, receipts 17,000; market slow, unevenly 19 to 25c higher; buik 180 to 220 pound averages $9.80@9.95; top $10.00; bulk 230 to 300 pound butchers $9.00@9.35; packing sows mostly $7.25 @8.00; pigs around $8.75@9.25; heavy $8.50@9.60; medium $9.30@10.00; light $9.70@10.00; light light $9.25@9.75; packing sows, smooth $7.25@8.00; pack- ing sows, rough \$7.00@7.30; killing! pigs $8.25@9.25. Sheep, receipts 7,500; fat lambs 10 to.16c higher; top natives $14.00@ city butchers;»best fed westerns $13.85; five cars Idahos $14.00 with fifty per. cent sort; feeder ends bid $13.50; paid late Thursday for 63 pound feeders; sheep scarce and unchanged; choice Wash- ington yearling breeding ewes $11.25. Omaha Quotations, OMAHA, Neb., Sept, 15.—(United States Departmene of. Agriculture)— Hogs receipts 6500 active mostly 10c higher; bulk packing grades. $7.25@ $7.75; bull 200 to 300 pound butchers $5.60@$9.25; top $9.35. Cattle recelpts 1700; beef steers she stock and vther kiiig classes gen- erally steady; top corn fed yearlings $10.50; stockers and feeders Gull and unchangd. Stocks | Leased Wire. ieee i ie Sumatra Tobacco Atchison ......... AU, Guit and West Indies | rial situation contributed to the more! ever, served to check advances here,|Saltimore and Ohio Chesa; ase Chicago, Mil., and St. Paul .. Chicago, R. I. and Pac. .. Chino Copper Colerado Fuel Corn Precucts Crucible Steel Erie vers Leaky ex div General Asphalt .... General Electric General Motors Goodrich Co. ,... Great Northern ptd. Illinois Central Tnspiration Copper International Harvester | Int. Mer Marine pfd. 5846) International Paper . 7 59% | Invincible Oil 14% | Kelly Springfield a 4% Kennecott Copper o 36% | Loulsville | +4 | Copper Misdle States oii” Midvale Steel 99% | 32%) tral . N. ¥.N. H., and Hartford - Sy Norfolk and cae ed 79% | Pennsylvania People’s Gas Pure Oil ex div. Ray Consolidated ‘Copper % | Reading 2 |Rep. Iron and Steel | |Royal Dutch N. ¥. , |Sears Rovbuck Sinelair Con. Ol Southern Pacific | Southern Ballway. Stancard ON of N Studebaker Corporation’ Tennessee Copper Products Transcontinental Union Pacific .... United Retail Stores U. 8. Ind. Alcohol .. United States Rubber . United States Steel Utah Copper Westinghouse Electric” Willys Overland .... American Zinc, Lead and Sm. Butte and Superior . Cala Petroleum Montana Power Shattuck Arizona Ghreat Northern Ore Chicago and Northwestern Maxwell Motors B - Consolidatet Gas 12s |NARKET GOSSIP PRODUCERS & A Producers & Refiners corpo: in the Ferris field on section JOHN 0. CLARK WITH STANDARD Is Made Vice President of Company; Blackmer to Be President. t CHICAGO, Sept. 15.—John D. Clark, recent general counsel of the Midwest Refihing company, a subsi- @iary of the Standard Oil company of Indiana, has been made vice presi- dent and general. counsel of the Stezdard Indiana company and will hata his headquarters, in Chicago. It is also’stated by bankers interested in Standard Oil affairs that Henry M. Blackmer, who is now the president of the Midwest Refining company, will be made president of the Stand ard Oil company of Indiana in a short time and will also move from Denver to Chicago. Henry M. Blackmer way born at Worcester, Mass., in 1869, He bexan to practice law at Colorado Springs in 1891 and was district attorney there from 1898 to 1896, He organ- ized the Cripple Creek Central rail- road and was chairman of the board until 1916. From 1911 to 1913 he was president of the International Trust company, ver, of which he now.{s a director, He became vice president of the Midwest Refining company in 1913 and president in 1916. He also is a director of the Sheep receipts 6500; active; fat lambs fully £5c higher; bulk west- erns $13.50@13.75; top $14.00; clipped lambs $13.00@13.15; sheep steady; light ewes up to $6.00; feeders firm. Denver Prices. DENVER, Colo., Sept. 15.—Cattle, recefpts 500; market steady fo strong: beef steers $6.50@7.85; cows and heif- ers $3.75 @6.25; calves $3.00@9.50; bulls $2.25@3.25; stockers and feeders $5.00 @7.50. Hogs, receipts 300; market strong to 250 higher; top $9.50; bulk $8.75 (99.40. Sheep receipts 6,700; market higher; lambs $12.25@18.25; ewes $4.50@5.50; feeder-lambs $12.00@12,75. psn at any BY Pay up,for your Trine 500 paid, and get a key for every eit First National bank of Denver and chairman of the Rocky mountain di- vision of the national petroleum war service commission. Mr. Blackmer was elected president of the Midwest Refining company on March §, 1916, at a meeting of the directors i Den. ver. At-that time Ralph D. Brooks, who had been general manager, was made vice president to hold both post- tions. John D. Clark formerly practiced Jaw in Cheyenne, Wyo, He came to Denver three years ago as gencral counsel for the Midwest Refining company. i A AES Tae Lead Prices U; NEW YORK, Sept. 15. The Amert- can Smelting and Refining ‘corupany | today. advanced:the price of lead from | 5.00 to 6.00\cl&ts per pound, ies winn wees ia keys we with office will on its No. 15 on the same section, Other operations of the company stand as follows: be Caspet Daily Cribune CI MERGER CARRIES ASSURANCE OF NEW BOLTON GREEK PIPELINE Oil Securities Furnidhed by Taylor and Clay. ‘ NEW YORK CURB CLOSING. the Bolton Creek field will be ‘| completion. The formal announcement the purpose of building the line, thakes this carrier possible and it ls expected that ‘the Bolton Creek pro- duct will be. flowing. to market not later than December 18. Surveys have been completed, tht material or- dered and it will be « matter of only hort time until actual construction under way. Ta that the inney Coastal has acquired 70 per cent of the Iowa-Wyoming and) has arranged for a note tssue to care for thé financing of the pipe line com:| pany. These notes will be available Mountain Profucers .$ 14.12 $ 14 to present stockholders tn proportion Merritt » : 9.00 9-12 \to the amount of stock now held. Glenrock on nue The Kinney-Coastal will issue for Salt Creek Pr . the purpose of carrying on develop- 0: Salt Creek Cons. ry ment, $500,000 in 7 per cent notes, |Prod. and Refrs. 147.62% 8. O. Indiana . 204.00 Cities Service Com. ' 21.75 as... Sus . First 4s Second 4s Firat 446 Second @%s : Third 4% + 100.39 Fourth 4s + 100.70) securities Victory 4%5 + 100.60} An. Am. Oil, 7}em, 1925. 103% 103% Am. Sug. Ref, Gs, 1987. 103% 1044 - 100% 101% + 101% 105 20% 100% Crude Market 6 10644 107 1941 105% 106 British, 64s, 1929. - 108 109 ; British’ Gigs, 1937 105% 108 Harniiton Bkiyn Un, Gas, 63, 105% 106% Cat Creek ~ Can. Pac. Ry Deb. St. 83% 84 Mule Creek panacea: OR ar seeee 99% 5 é: Canada 6s, 192 100% 100% Nek St hi Ganada, 5s, 1952 99% 935 ace ceeek 102% 102% 100 100% Orage . 99% 99% Lance Cree! 1971 . 102% 101° Bik Basin P. RY Rew 6s, 1924 101% 101% Greybull Chile, 8, 1941 . 108% 104 Grass Creek Cle. Un.’ Ter., Sigs, 1979 95% 96% Torchlight Sunset Classified are give with every 50c paid at win you a big J 8-12-tf AND FIELO NEWo of the merging of the Kinney-Coastal and Iowa Oil companies, officers of which have) of thie iseve ts not taken up a group|New York Oj! company will benefit) formed the Bolton. Of) company for} of the stronger stocWholders agrees|%!i having production in the field or announcement it is stated! PAGE NINE. Kinney-Coastal and lowa-Wyom lowa-Wyoming Company Ba New Bolton Oil Company in Financing Out- let for Crude from Natrona Field As announced in the Tribune on August 14, plans have!the Midwest Refining company at a| been’ completed whereby immediate work on a pipeline to Price which it ts said, wil started and carried to a quick made at a late hour rday to take over the remainder A, voting trust consisting of Kar! C. Schuyler, E. D. Milliken, C. A, Fisher, J. L. Warren, Noah Williams, Hi. M. Havener and Edward Meents has been formed for a @uration of| five years to insure the maintenance of a definite policy of the manage- ment. The Bolton Creek field which’ was Proved in January 1920: is controlied by the Iowa-Wyoming which has leases on 960 acres and which been the leading aptrit in the develop jment of that structure. The company now has 16 prédticing proximately 2,500 barrels but tt is estimated that this production can be| doubled within a few months with! and with each $1,000 worth of notes purchase, 1,000 sharvs of stock will be given. In the event thet a portion additional drilling, The off is paraffine base, having a Bravity of 32.8 and a gasoline con- Consol. Coal, 5s, 1950 91% 92 Copper Expt 8s, 2: 101 101% Copper Expt, 8 2 108% 102% Copper Expt., 8s, « 108% Cro, Cork & Seal, 6s, 1942 96 7 Cub. Am, Sug.. 88, 1931 106% 107% Cuba. R. R., 74s, 1936 . 106% 107% C 1936 106% 107% 1953.. 94M 94% Czechpsiovak, 5% 96 Den. Con. Mun, err 109% 110 Del. & Hud., 5468, 1937 .. “Ae 102% Den. 6s, 1042 98 te Detroit City’ Gas 6s 1947 101 1981 DuPont, 7%. = 107% 108% Framerican, 95% 96% French Gov., 58, 1945 101% 101% French Gov., 7s, 1941 98% 98% G 1952.. 104% 7 i: 7: oc} al . 6s, 1924 .. ration is rigging up its No. 14| Hi" @ mer, sige, 1933, 100" 100% 25-26-87 and running derrick} Labelle Iron, 6s, 1940 .. 99 100 Jap. Gov., 46, 1931 ..... 82% 1035 94% 94% 1925 92% 94 Salt Creek + 103% No, 1, section -13-40-78," drilling at 99% 997% 1,850 feet, } oo a tex 2: section $-39-8,-arilling at 400 109% 110% 0. 1, section 14-39-79, drilling at! ae ae 1,000 feet. oom 9 wasn % 1% No. 2, section 7-26-89, underreaming | Edison, 1941 ate 13 at 3,430 feet, | . % No, 8, section 7-26-89, standing ce-| Packard, 8s, 1931 rt % 101% mented at 1,200 feet. peor dome vc ec trade hal 94% Mahoney: Dem. Penn, R. R., 6348, 1935 No, 2, section 4-25-88, drilling at| pans LM RA. és, 1958 7644 77 sd eg boa Queensland 7s, 1941 111% 112 No. 1, section 93-26-88, standing at|Queensland 68, 1947 103% 104% 1,360 feet. Seine 7s, 1942 : 20% Ferris, Sin. Crude Oll, 5%4s. 99% . 8, section 25-26-87, depth 1,795 aa < ae Re ta jena 194 1 contre uth. Ry. 6% us Wie einen 8. W. Bell Tel., 7s, 1926. 102% 105% eg soll © 8%) Swies Go! 1940 121 121% inch casing at 1,795 feet. Swiss Gov. Bis, 1929 105% 105% No. 18, section 25-26-87, drilling at|tiruguay Se, 1946 105° 10734 605 feet. Un. B..& Pa., Ga, 1942. 100% 101 No. 1, section, 36-26-87, cleaning out|Vir. Ry., 5s, 1962 . 99% 100 to deepen. Whit. Giess., 65,1941 98% 93% No, 12, section 26-26-87, ‘drilling at 1,910 feet. London Money. oo LONDON, Sept. 15.—Bar silver 35%4 per ounce. Money 1% per cent P. & R. PENDING. REPORT SAYS NEW YORK, Sept. 15.—Negotia- tions are under way for absorption of Producers & Refiners Corporation by one of the largest of! companies and| an official announcement in the mat- ter 1s looked for shortly, says the Wall Street Journal. One of determining factors in desire fer nontrol of Producers & Refiners |three months 2% per cent. ce. Ab teatime OIL LIGHT BEATS ELECTRIC OR GAS BURNS 94 PER CENT AIR A new oil Jamp that gives an amaz- ingly brilliant, soft, white light, even better than gas. or electricity, has been tested by the U. 8S. government and 25 leading universities and found to be superior to 10 ordinary oll lamps. It burns without odor, smoke or nolge—no pumping up, is simple, clean, safe. Burns 94 per cent.air and 6 per cant common keresene (coal oil). Corp. is its ownership of large oil The inventor, G. H. Johnson, 609 W. Properties in Salt Creek and other|rake street, Chicas, tin ae : Halas ee wee es ae street, Chicago, Ill., is offering has ofl property in othsr parts of Rocky mountain district, mid-contin- ent district and undeveloped leases in New Mexico and Colorado. Recent developments of Producers! & Refiners Wyoming leases show they have large values, while consid- erable attention has been drawn to all the Wyoming fields duo to govern- ment's contract with Sinclair interests for Teapot Dome acreage as well as| completion of good wells by ingepend-| ent interests on holdings adjoining | ‘Teapot Dome, to send = Iamp cn 10 days’ FREE trial, or even to give one FREE to the first user in each locality who will help him introduce it. Write him to- day for full particulars. Also ask him to explain how you can get the agency, and without experience or money make $250 to §500 per month. ——————— Surve: aud inaova toms Oil Fisld Maps, Blu Ponts WYOMING MAP AND Terms on which merger pjan is be- ing worked out are not as yet avail. | wble, but it {a atated that transaction | +should prove beneficial to both sides, | BLUE PRINT CO. . O. Box 325 Room 10, Daly Bldg. has, wells with a comined output of ap-! NEW YORK, Sept. 15.—Prices of | Wyoming olls at 2 p.m. today were jee in the New York curb as fol New York 20; Omar 1 9-16; Salt Creek *}16%. tent of 27 per cent. One million bar- jrels of crude hag been contracted to net t company $1.05 for the first 500,000| |\arrels and $1.00 for the balance Teng Casper-Bolton Syndicate, San) ming:|Juan Petroleum company and the| nearby at the present time. It will \also provide an incentive for further @rilling in the surrounding structures all of which are supposed to be con- | tinuations of one big poo! particularly | jthe Brg’s Park field to the north |which is now being drilled. One well {is nearing the sand in this structure | | which is being drilled by Goeckel et jal, ink, Benedum & Trees and Weber in terests tg making rapid progress _and the Seal Oil association® which owns extensive acreage in the heart of the ‘structure expects to begin operations Jwithin the near f:ture —o— Kerosene For \Export Advaniced| jtoday advanced the price }for export one half cent a Tho new price of the barreled is 12 cents @ gallon. as. et hall sene gallon. roduct Classified poke gad In. the Tribune are winners possibly the keys we ae with ey 500 paid at office will ‘ou _@ big prize. 8-13-4t shipment of Heaters. days to come, We have just received a large these Se HUMPHREY Radiantfir wonderful | In addition to the Iowa-Wyoming, | the joint test of the Victor-Wyom-| Many New and Exclusive Designs, With Prices From $18.00 to $75.00 Make your selection now and be prepared for these chilly Casper Gas Appliance Co. “119 East First Street | nity for rapid Today—Try Our HOT LUNCHES Served Daily at the Palms 11 te 2 P. M. Home-made Pastry, Cakes Baked to Order. Stenographers BOOKKEEPERS, SECRETARIES AND OTHER OFFICE HELP Are in const good salaries t demand at with opportu- advancement: Our school offers you the ad- vantage of day or night class work. PHONE 1325 Casper Business College, Inc. Phone 1500