Casper Daily Tribune Newspaper, October 5, 1922, Page 7

MN THURSDAY, OCTCBER 5, 1922. WHEAT OPENS {OWLSAGANUP HIGHER AGAIN ON N.Y, CHANGE Uneasiness in Near East Sit-|Heavy_ Buying Marks Open- uation Is Reflected in ing of Stock Market Trad- Market. ing Today. CHICAGO, Gct. 5.—Renewed un-| NEW YORK. Oct. 5.—Resumption easiness regarding activities by the es pepegerver ah iy 3 myo oi ee = led to kigher prices for whea’ opening « y's stoc today in the firstinart of the boar erent poy be tency pe sgad the ade session. Besides, an unexpected ba 3 reey rise in Liverpool quotations” was con-|*h0wed exceptional strength, ‘gaining ed an indicating that yesterday's |? Points, while Standard Om of C: reports. of a probab’e quick peateful|ifornia, Mexican Petroleam. Houston settiement between the Turks and the|224 Pierce Ol! preferred ‘moved up 1 allies had been mare or less prema. |‘? ? Points: Nearly all the other otls Another bullish factor was bet- eri shea pies od = a Cola, er demand for domestia win wheat ch has been bow neavily on 3 be shipped to Europe by way of the| *SPeculative belief that extra dividend gulf of Mexieo. The opening. which rata are néar, i . Eases rged from Sc to 1\c higher. with |“ $ Roints to a new high recor: December $1.07 $1.07" and May Saar eget Clear, American Can and of 8 followed by i fur-| 7 to) earing also sol: phere oi : pina Rew peak prices. The Americar ¢ and cate were firmer wim, | Woolen.-company’s announcement of a slight nm wheat. After opening Kc to 126 high, | BCFe*904 prices found expression in a er, December 61%. to 61%, thercorn | He Puint rise in that company’s stock market eamed back a little Rails and steels lagged behind the rest of the list. Reading, Delaware. Lackawanna and Western and Gulf States Steel losing a prént with frac- tional gains in most of the standard shares in these groups. May Depart. ment Stores, Famous Players, United States Alenhol, National Biscuit end nental Can all advanced a point more. Oats started unchanged to %c high December 38%c and tafer scored ight general gains before beginning to react ° Provisions reflected firmness of hor NEUTRAL ZONE WADED TODAY © (Continued from Page One) the peace negotiations, on condition that Kemalist civil authorities are also installed there: ‘Third, the Greek army Thrace within ten days. If the,Greek. government refuses to.give the necessary: ordera, the allied fleets are to blockade the Greek ports and the Kemalist forces crosé the Dardanelles and drive the Greek troops out of Thrace. The dispatches do not say whether the Greek representatives accepted these conditions. Constantinople advices late last night said the Mudania conference was on the yerge of an agreement on all po'nts of the Turkish proposals with the exception of that relating to the allied occupation of the western line of the Maritza river in’ Thrace, and thafargument on this was’ stil! Proceeding, fhe allies. were said 10 have agreed to turn over Thrace to the Turkish army within 30 days and to have secured the assent of he ‘Turks to the establishment of a defi: nite line of demarcation between the British and Kemalists in the Chanak zone, placing them, out Of rifle shot of each other. ney rates, increased: pub- lack of effective resist pool operations and rumors severe! Jarge industrial com}.n- that {es were comtemplating capital, read- justment anc either resumption or in crease in dividends al} influenced: the continuation of the brisk rise Prices during the morning. The de- mand embraced virtually the ‘entire ist. Standard Ol! shares weakened after their, initialy show of strength New Jersey falling back '3 pointe on profit taking. Mexican Petroleum however, extended ‘its gain to 4% points and was followed to. higher g:ound dy the domestic oils, Plerce Oil preferred being particularly prom. inent On @ gain of 3 points. | Stude- baker wan quite active, rising 3-points and Postum Cereal also Utteccun 3% points. - Call money opened and re- newed at four per cent. , — allowed to, proceed there to report the conference, to evacuate GREEKS ALARMED OVER TERMS OF ARMISTICE ated Prpss-£Conaternation was caus- a loca! station, purporting to give the armistice conditions arranged “by the Turks and the allies at ‘the Mudania conference. ‘The conditions outlined tn the mes- sage include the occupation of eastern Thrace by allled forces and Turk gendarmes up to the line of the river Maritza, and evacuation of the pro- ¥inoe within ten days by the Greek army, failing which the allied fleets Would, blockade Greece. Government officials declare the Greek delegates have not yet had a opportunity to present their views at Mudapia, and efforts to confirm the above report are being made. It is understood that the officlels are considering an appeal to the Unit ed States for assistance in obtaining @ just solution of the Thracian ques- tion “The Mudania conference is being ‘watched by the Greeks with mingled fears and hopes. To save Thrace, de BERLIN, Oct. 5.—New currency imsued during the last week in Sep- tember totalled 26,200,000,000 papsr! marks, it is announced, DISCRIMINATION IN WAR NEWS CHARGED PARIS, Oct. 5.—-The joint commit- tee of the Anglo-American Press as- sociation 6f Paris and the Interna- tional Ai jon of Journalists ac- credited to the league of nations have cabled General Harington at Constan. tinople protesting alleged discrimina- tion against the English and Ameri- can journalists, These newspaper ‘men Were*forbidden to go to the con: ference at Mudania, {t was pointed out,| throne Constantine, oust the govern- while it was understood the corres-| ment and punish those who incapably pondents of other nationalities were governed Greece in the past was the LIONS PLAN CHARTER NIGHT FETE IN JUNGLE, CHIEF TO BE PRESENT International President to Celebrate Big Event with Local Club at Mountain Retreat; High School Prizes Aré Posted The Casper Lions club will celebrate its charter night Friday evening in true jungle style as the result of an ac-| ceptance last night of an invitation tendered by J. B. Barnes, Jr., vice president. of the organization, to throw open his The Lions will leave here at 6:15 and enjoy a banquet and Feneral good time in the “bush.” be offered students who are taking First place on the program for the)the business course in the Natrona evening will be accorded Ed §.|County High school, and announce ‘Vaught, of Okiahoma City, interna-|ment that a flag, 52 by 66 feet, will tional president of the Lions. The |be presented to the cadets of Honor of, having the international|trona high, Presentation of the lal chief present for the charter function |ter may be made at one of the big is unusual, Ar. interesting program |football games of the fall season. ‘wil be arranged. {Prizes offered the students will be in . Other matters taken up at the week: |typewriting, stenography, penmanship tr dinner of the club Jast evening!and other studies and will be an- included arrangements for’ prizes to/nounced in detail later. A commit jtee headed Sy C. K. Fletcher, prin- cipal of the high school, will com- Plete its report at the next meeting. Harry Astin, representing the high school, last night won support for jthe fall football program with @ | strong talk on the merit of the enter- |tainment to be afforded and the sup- | port which the squad deserves at the hands of the Casper public. Ambrose Hemingway, prominent resident, last night became a member \of the Lions in response to an in. | vitation previously tendered and i jlisted under the classification of jeivil engineer. He responded to an introduction with appropriate and hu: morous remarks and wes -give= ex jenthusiastic reception. ot; ATHENS, Oct. 6.—(By The Associ- ed hire by a Constantinople wireless| United States Rubber message picked up late iast night by|UMited States Steel summer home,-Alta Vista, on Casper mountain, for the event, | Che Casver Daily Cribune | Allied Chemica! & Dye - Allis Chaimers _ American Beet Sugar American Can = American Car and Foundry = and West Indies* Baldwin Locomotive Baltimore ant. Obio Bethlehem Stetel Canadian Pacific emral Leather Chandler Motors Atl, Guit American Hide & Leather pfd. American Internation:! Corp — Ameritan Locomotire - 126% American. Sinelting @ Refg. -- 624 jAmerican Sugar --.- 2 = 80% American Sumatra Tobacco --_ 48% American T. & T. ~ 122% American Tobacco - 126% American Woolen i 98. Anaconda Copper ~ - 53 Atebison ~-..-.- ~ 105 Chesapeake and “sh Chicago, Mil. and St. Paul is hicago. R. I. and Pac 44% Chino oCpper - 30% Colorado Fuel _ 38%] Rec Corn Products - 116% | Pica Crucible Steel = “45% | Royalty Erle ~ . + = 16%) Tom Bell 5 Famous Players Lasky = 98° | Western E 0° 3 General Agphalt > 42% | United Pete 08 Gener Electr 179 'WyoKans — A 20 General Motors _._- Wyo. Tex, 2 loots Geodrich Co. - : | Western Sta Eat Great Northern ptd. mer tree ban 3 ae Mifnols Central - - 4b) NEWYORK CURB GLOSIN laspiration Copper, - 40% |yrountain Producera -$ 15.37 $1 International Harvester - 908 Lane La Int. Mer -Marine pfd, 58 ee 4 [international Paper — : 1790 Invincible Oil Kelly Springfield Tire Kennecott Cuppe: Louisville and Neshvill Mexican Petroleum Miam! Copper Middle States Ot - Midvale Steej Missourt Parific ew York Cenira . . YN. H., and Hartford ‘orfolk and Weetern orthern Pacific < Gklahoma Proc. and Ref. -:- Bonds -:- Stocks - VEW: E Oil Securities Furnished by Taylor and Clay. LOCAL OIL STOCKS Bessemer ~. 20 Big Indain — sss Boston Wyoming .-. 29 Buck Creek — Se Burke _. = 7308 Buck Tail stone Chappell Columbine Consolidated Capitol Pete — Cow Guich Demiro - Elkhorn E. 7. Wiliams - Kiriney Coastal . o1 Salt Mike Henry Mountain & Gulf 1.50 10.00 50 u 121.75 198.00 15.00 23.00 Indiana Service Com 196.00 14.50 ~ 21.50 LIBERTY BONDs, $190.70 $100.70, hae Biss - Grains -:- Livestock -:- All Markets S AND QUOTATIONS BY LEASED WIR ~ 2%] First as 29.80 |Pacific O2 - ~~ 58%] Second 4s 99.64 Americ: - T8%/First 445 99.98 ; = 48% | Second 4\s 29. Peopie’s Gas ex div. - % [Third 4ys 99. {Pure Ol - 42%\rourth 4s - 100,00 Ray Co 14% | Victory 4% 100.44 Reading TR | Rep. Iron 18% Royal Dutch, N. Y, - 5 Sears Ro«buck - 9 ‘Sinclair Gan Oil B4%y Crude Market Southern Pacific. 94% |Southern Railway 25% \Staniard Of of N. J. 204 -, Studebaker Corporation 128% | Hamilton a4 ‘Tennessee Copper — 10%,| Cat Creck a4 |Texas Co. ti 7 m4 |'Texas and Pccific 2 at a Tobacco’ Products abr Faget ae Transcontinental Ot 15% | Rock. of 3 |Union Pacific ~ 150 fiance 130 |Unjted Retail Stores 83% Nene Saasin ay U.S. Ind, Alcohol --.. 63%! Greybull 120 Jeane Grass Creek 1.20 Torchlight 1.29 Utah Copper 874) Suneet 08 Westinghouse Electric — 82%) ~ % [Willys Overland 8 TLL STIS American Zinc, Lead and Sm, _ 20 Butte and Superior 33%) Cala roleum 64% Montana Power _.— 74 Shartuck Arizona 84 B Great NorthernOre - Chicago and Northwestern — Maxwell Motors B Consolidated Gas in the recent revolu- popular bas! tion. . It will be exceedingly difficult for those now governing Greece to tell thelr followers that the chief aim of the revolution — the retention of Thrace—cannot be achieved. oe Chicago Prices. CHICAGO,’ Octg 5—Cattle—Receipts 12,000 head; market slow, eatly sales, on all classes general! steady; under’ tone weak to lower; on low grades beef steers and veal calves; early top ma tured native beef steers, $12.70; weight 1,417 pounds tong yearlings, $12.50; supply of western grassers, moderate; fat desirable bologna bulls, $4.00%54, packerg bidding $11.00@ 11,25 on desirable vealers; bulk stock- ers and feeders, $6.25@T7.60. Hogs—Rece:pts 24,000; market slow, steady to strong; few sales unevenly higher>underweight weak; bulk, 160 240-potind averages, $9,759.95; top $10.00; 280 to 310-pound butch- ers, mostly $9.25@9.50; bulk packing sows, $7.40@8.00: desirable pigs. most- ly $9.25@9.50; bulk packing sows, $7.40@8.00; desirable pigs, mostly $9.00; average cost on packer and shipper droves of hogs here Wednes- day, $2.97; weight 239 pounds: heavy, |$8,70@8.90; medium, $9.70@10; light Nght, $9.30@9.60; packing sows, smooth, »$7.50@8. packing sows, rough, $7.00@7.60; killing pigs, $5.50@ 9.25 Sheep—Receipts 21,000; choice na- tive lambs to shippers, $14.15@14,25; strong to 25c higher; packers buy- ing steady to 15c lower; early packer top, $13.60; practically no fat west- lerns here; feeders tending: lower; no ‘early sales; sheep around steady; fat heavy ewes, $3.5064.00; lightweights lup to $6.50. Omaha Quotations, | OMAHA, Neh, Oct. | States Department of Agriculture.— | Hos: —Receipts 6,500; steady to lower; buik packing grades $7@7.75: bulk 200 to $00-pound butchers $8.25@ 9.40; top $9.50. Cattle—Receipts 3,800; beef steers and she stock slow; about steady; top beef steers $11.25; bulls 15e to 25c lower; veals weak; stockerg and feed- era fairly steady. Sheep—Receipts 16,000; lambs slow, 19¢ to 25c lower; bulk $13.25@23.40; early top $1.50; sheep steady; ewe top |$5.85;./feeders firm; light {lambs $13.60. | oO | ‘Telesrams were first sent under the the sea by cable in 1850 between France and England, feeding | 10e|——— ANNUL LERGE Nine separate suite have been filed in the district court at Wheatland asking for the annulment: of leases held by the Nebraska ©! company on land in the vicinity of Glendo, al leging that the defendant company has failed to live up to its contract. The leases were signed about 14 mionths ago and although some lum- ber was moyed onto the ground by the company nothing further bas beea done and the allegations are to. the “effect that the company has not and isnot complying with the= terms of agieement to proceed® with dill- with the drilling of a tent i leases are of the usual form which give the company title to all benefits derived from drilling or min ing operations and tle up the land so that the owners can-not lease to oth er parties. In commenting on Natwick; attorney for said: “Tho trouble is, that these oil leases are’ generally, sought by people who are not financlally respontible for the carrying on of drilling operations themselves. They are merely. taking a long shot at the possibility of get- ting some parties who have the neces- sary cash to either buy ‘the leases or Grill out the field on-shares, and. this igy a_hard thing to do. The people who have money are not generally seeking upproven -fields, but find plenty of opportunity to put their money,-at work in the preven loc ties. “Theso leases’ are generally rigid as to terms and are many times-prov- en. most embarrassing if there is an opportunty to get in a legitimate op- erator, who will go, ahead. Tit, mov- ing on of a few sticks of, timber is often the excuse"for reuewing the life of a lease or set of leases, or perhaps a.concern may erect a rig and spud iv to held title over a year or two. “No-one should ever sign an oil lease without first thoroly investigat- ing the financial responsibilities of the parties seeking it and then the terms the cases,; O. the plaintiffs time.” SW UNDERR | should ‘be such that prescribe a com-, §.—(Uhited| pletion of tests within a’ reasonable i } MARKET GOSSIP. AND FI (OUTPUT 1S INCREASING IN OSAGE ANO FIELD NEWS | A steadil, with the limits of the produt in; been found in a territory a mile in width and nine miles long with wildcats being drilled on tending the known limits of the field. Lucky Jones is drilling a hole on the north half of the 18-46-62 nging southeast quarter of section and as he w In production ¢ he is expectin | ng | aking been ng the past week Spur d ew Castle has The completed a new derrick on section| c company dis ready to spud in Operations are progressing satisfac: | torily with the test being a@rilied by| Creek syndicate souther stle and with a conti! of the present pace the bit shou in the h The! egmpletion of an oller here will mean | ce addition to the produc eld e productive horizon e area | | Tank Grades Completed ra_ics are completed for six 5 el tanks at the Mutual refiners mrock and fire walls are now being} ‘The number of tanks which] 906 crected wil be built there has not been given sut from indivations there will more than there are at present prep: svations made for. Work is also pro: sressing on additions to the plant and foundations being. la'd for stills and condenser boxes. General Superintendent Blasdell* now in the east but It is expected that announcements as how extensive enlargements to the plant will be we ferthcoming upon his return. ' ad : Imperial Exempt at Calgary With the policy in effect of taxing all large corporations to the lmit tt ‘® umusual to sce a city exempt for. ever the property of n company in or- ler to have it locate at that place but to wach is the case xt Calgary, Alberta where the Imperial is now butlding a refinery. In commenting on this move, the Montana Ol! Journal says: “Canadians ‘aga'n show the way in “1 industry by xrenting tax exemp tion to Imperial Oil refinery to be built by Canadian subsid'ary of Standard OM company at Calgary. Calgary is a long way from an oil field but ap- preciates possibilities of city-building *hrough centering of Canadian oil in dustry in Calgary. Americans -aro prone to make Standard O'] taxes a Uttle higher, if anything. Already political bigodhounds are scenting around in Montana, trying to figure ott some way to pounce. upon big companies that are investing their millions here, expecting. of course, to take out a profit on their investment Calgary voted tax exemption for the Imperial refinery by 3.906 to 26. Any Montana community could well afford to do as much to get a $2,500,000 re finery, and furthermore throw in a free site “Many New Ones In Montana HELENA, Mont., Oct 5,—Sixty-one companies were organized during the month of June with an aggregate in- dicated investment of $53,260,600 to engage in some branch of the ofl in dustry, This total compares with in which month 73 concerns entered the field, The average capitalization Per company figures out at $872,950, compared with an average of $1,46,508 in May. Of the 61 firms organized during June, 19 had an indicated capitaliza- tion of $1,000,000 or more, Among the largest of these were the y increasing output is noted from the Osage field| iF $105,595.000 incorporated during May;| g area yet undefined. Oil h all sides with the hope of ex- Producers’ corporation with $29,000,0' and the Texas Freestone and Premax | Petroleum corporation, with $5,000,0 MARINE BOLUS MEETING. At the annual meeting of the Ma rine Ol] company held at its local ¢ on Tuesday was decided an intensive development ek prope ts pro The compan art strrt paign on its Salt ¢ of boosting figure. two wells now Will be started sox he Mammoth we! the company’s land folning the reserve for a mile and hai h and west Ww. B t Sullivan, 1 B. Du G. R. Hag ‘aylor and L, F. MeMahon we ected directors of the company the coming year. At the Cirectors’ meeting ately following. G. R. Hag elected president, R. G. Tay F, MeMa TOOLS LOST IN GUERNSEY TEST. The tools have been lost tn the hol Jap, | LaBelle Iron & Hua omark 6s, mark O. and Quotations Furnished by the John U. Fish Securities Corporation, BOND SECURITIES Cheyenne, Wyo. ma Asxed FINANCIAL NOTES. 103% 103%] Revired estimates of earnings of 102% class one railroads for August piace 100% 161% | net operat at $52,000,000 101% 103% [against $45,000,000 previously estima ted Chesapeake and ¢ thorized to sell $1 xk flroad ts au- 8.000 6% per cen’ Directors of the U. 8. Rubber com- 99% | pany are meeting this afternoon to 99 | act on dividends 99% 101 The sharp decline in Stee! Company of Canada’s common stock is believed to forecast a cut in the common stock | dividend 101% 104 104 erican Woolen advances prices ¥ Ines for spring fre 3 to 37 Twent Twenty rails 92 > BOND AUTHORITY ASKED. WASHINGTON, Oct ern Pacific rafiroad today applied to the interstate commerce commission for permission to issue $5.500.000 in 6 per cent first mortgage bonds to ma- ture in 1948. The company expects to sell the bonds at 94. the application sald, and desires to purchase with the receipts, 2,060 refrigerator cars and 1,000 automobile cars. 5.—The West- of the test being drilled west of Guern Pa reeves $8, SERCH TRAST OT ¥,vand after several ineffectual at:] 3M Gove tat spear. czerations have been closed . 7. and 1 down until fishing tools can arrive! &L m Casper. It is expected t the} North. Pa tools will be Quickly recovered and|North Pre. that drilling can be resumed within aj N. P. C | few days, At the time the tools were 7 ¥. in dropped the bit was in showings of /N: 9-7 Lt. oll which had been growing larger |\: 4: Edison, 6% 112 with depth which made indications of | Packard fe” 1941 * We & producer very encouraging. k T. and T The Iniqnd Of! and Refining come Penn. R. R, 76, pany has brought in a 1,500-barrel MANY LEASES GRANTED IN YEAR|!’enn. Ro Producer on the northeast quarter WASHINGTON, D. C., Oct) tthe | Pate TG d of section 30-40-78, Sait Creek, at a totlcwika* Sabie wives 'intormasicn re 1aemeniend fa 18d. total depth of 2,552 feet. This new garding the aumber of federal of} and|2ueensiand 6s, 1947 102% |Outputter is known as Black No. 5, gas leases and prospectors’ permits, | "eine, 78, 1942 86% | Shoup No. 2 on the southeast quar. by states, issued up to the end of the|8i"- Crude Oj, ter of section 29-40-78, ts drilling four teniitane Siar seoae Bel, & Cio, $s, 107 \feet in the sand at 2,545 feet. Ex- oaths No Lenses, No, Permita, [SUR RE. 6i4a, 1 10244 cellent showings are in evidence but pea : ; 300 | pwiny Gove tee 102% the hole is caving badly, which {s California 1 Swiss Gov, Sher 103 104% |"Ow!ns uP the completion. Fantins: 8s, 1926 122. | Brown No. 2, on the northwest seaGuae 19463 jo7 {Quarter of section 32-40-78, {s drilling | Louisiana 100% |in shale at 625 feet, Mississippi 98 | Fg is completed for Brown No. 3 Montana jew Mexico . All you can North Dakota .. . eat for nee! Oklah . Oregon tos 21 MEALS South Dakot Utah i Washington . 221 West Railroad Ave. 98% (on the same quarter. Location has been made fof Brad- ley No. 2 on the southwest quarter FOR $7.00 of the northwest quarter of section 19-40-78, at which point a derrick will be erected immediately. —————e Classified ads in the tribune | Winners and possibly the keys we give with every 50c paid at office will Wyoming .. 1,315 | | Total U.S. TAIZ Alaska .... 555 Total on Top of Sand Duncan No. 2 of the Carter Oil cam- Carter |pany on the west half of section 79, is cemented and shut down at 2,334 feet on top of the second Wall Creek, his well will be driled in as |Sooh as the cement sets, which will be in about two weeks. | Duncan No. 4 on the same section |is being rigged up and will spud in | within a few days. Rigging up is also | progressing at Prior No. 5 of the same company. i | New Producer of Con. Roy. |. Richardson No. 4 of the Consollda- jted Royalty Of] company on the south- east quarter of section 5-39-79 has been completed at 2.438 feet in the second Wall Creek with 122 barrels initial. This well will not be shot as the bu- reau of mines regulations prohibit the shooting of a well wh over 100 bar- }rels output. Richardson No. 5 on the same quar- ter is spuNding at 110 feet. Richardson No, 6 is drilling at 1,810 Sunday Enclosed find $9.00 f the Casper Daily and year, or enclosed find $2. me the Sunday Tribune Name ta Street No. __ City .. Subscribe NOW! For the Casp The best in-News, Features, Continued Stories and Comics. CUT OUT AND MAIL TODAY Scratch out offer not accepted. er Daily and Tribune or which please send me Sunday Tribune for one 50 for which please send for one year. Lowest Storage in Casper Guaranteed Repar lene Welding, Gas, Oil and Greases and Crank Case Service. Brakes Examined Free ACCESSORIES Willis-Hackett Co, 63 S. Ash St. WE HA Don’t sen SEE OUR DISPLAY AT THE CASPER AUTO SHOW OCT. 23-25 Brodie Rubber Co. us Phone 1203 Brodie Rubber Co. tv oP |win you a» big prize. 8.12-tf SWAN UNDERREAMERS Ss Work, Acety- AT YOUR SUPPLY “STORE Phone 1891W wae (BRIDG) VE A COMPLETE STOCK OF d out of town. We can take care of your wants. YOUR ACCESSORY HOUSE Tribune Bldg.