Casper Daily Tribune Newspaper, October 27, 1922, Page 11

_PAGE ELEVEN. ~ STOCK MARKET, WHEAT PRICES ~ FIRMER AGN OPEN STRONGER Stronger Tone Imparted to|Continued Rise in Liverpool Trading With Opening of Quotations Starts Buying Exchange Today. at Chicago. NEW YORK, Oct. 27.—Stock prices} CHICAGO, Oct. 27.—,Wheat took a made ® good recovery from the recent/decided new upturn in value today, jeaction in today’s stock market. |opening half to 1%c higher, and quick- binding effective buying resistance at|ly scoring material further gains. The today’s lower level and a. smaller/feverish impetus to~ advance came amount of stock pressing for sale,/from a’continued rise in quotations at shorts apparently became convinced | Liverpool, where there was said to be that the forced lquidation was about/a very large milling demand with hed and prptces were bid up in|stocks of wheat very small. Bulla irited faxhion. Sales approximated|here took the position that heavy 000 ebares. Buropean vurchasing of grain fm orth America could hardly be m sh NEW. YORK, Oct. 27—Prices ex-|longer deiayed. With December start. ‘oited &@ muoh firmer tone at the|ing at 1.12% to'113and May 1.12% opening -of today’s. stock market, due|to 112%, the market made a nearly to active short covering but scattered | verticle ascent “vf three" cents # ting developed: several points. of |bushel in some Canes, - Paldwin Locomotive Baltimore and Obio Bethlehem Steel “B” Canadain Pacific -. Chandler Motors -. Chesapeake and Ohio - Chicago, Mil., and St. Paul — Chicago, R. I. and Pai be ~ oak: 3 é : =) - hate 00% vviakness.. A strong recovery in eter-| Free buying of futures was done fs ling exchange and higher continenta: | houses with seaboard — tonnections, 2307; 240 rates was a contributing factor to the!and there was extensive covering on Cane pward trend. Good baying support | the parta of shorts, It was estimated |Crucible Steel ‘oa a wr noted in oils and equipmenta.|that Europe bad taken 2,000,000] frie : a were recorded | bushels iu the last 24 hours, including by Mexican Petroleum; Standard Oils|/much wheat to-be shipped by way of cf California and New, Jersey, and] the Gulf: of Mexico. The close was un: Transcontinental Oll. Baldwin “4nd }Settied 1% to 3-cents net higher, with American Locomotives and Pultiaan| December 1.14% @1-14% and May GM improved a polrit or more, Other} 1.13% to 1.13%. |. strong spots. were Corn Products up| Corn and oats ‘shared the strength 2%, Maxwell Motors and Iron}of wheat, After openiny % w . %e Products ub Ligveach anda Studebaker, | higher, Dec. 68% to 66%, the, born Dupont and Reading geach , uy one} market kept climbing, paint. Mexican Petroleum preferred | No important setback took place. tnd Unite States Rubber first pre-]The close was firm, % to 14@1% feered dropped 2 and 3 points respect-|net higher, with Decentber 67% to iwely, while Lima Locomotive, Fa- 67% @os. mous Players and Amiérican TobsccoJ- Oats started_a shade to Ye higher, ‘al. deciined a point. Five thousand |Dec. 41% to 41% and ceveaped in: mous Players Lasky General Asphalt, - General Electric General Motors Goodrich Co. -. Great Northern pfd. IiMnols Central Insptration Copper International Harves:er Int. Mer. Marine pfd — International Paper - Invincible Oil Kelly Springfield’ Tire Kennecott , Copper Louisville and Nashville - Mexican Petroleum - Gains of 1 to 2 points Merritt ----- Glenrock Oil Salt Creek Pris. ~ Halt Creek Con: Prod. and Refrs. Marine new - Mutual 8. O. Indian - Cities Service Com.) .. Fenstand New York Oil Mammoth Oil LIBERTY BONDS. First 4s - Second 4s naconda, an unsually large | creased -firmness later. pers Saar BO or % below fast} Unsteadiness of hog values weak- night's clone. ened the provision market. Prices erally hela up well above yestacdadt cloning! levels. When some F of the active issues had registered net} CHICAGO, Oct. 3 mgin as high as seven points, | red 1.20; No. 2 hart 1,19@1.20%. Corn ereub atvaly of pees came on the| No. 2 mixed 69@72%; No, 2 yellow tharket, representing further sbort|71%@72%. Oats No. 2 white 43% @ Sling and profit taking which, was|46; No. @ white 43@45._ Rye No. Tetuenced by renewed lquidation of | 81%@83..) Barley 52@62. Timothy} pan American Petroleum United States government bonds and [seed .75. Clover seed 15.00@ | pennsvivania aBighderenewn! rate for call money. | 20.50. rk nominal. Lard 10.40; People's Gas —... Trading was rather quiet during the} Ribs -11.00@12.00. he eget Bak early part'6f the session but a brisk} _ Ray Conselidated Copper — rally took place just before ‘H001 Open: High. Low, Close] penaing _ the leadership of Mexican Pel 4m, | WHEAT— Hep. Iron and Ateel-= which was pushed up 5% points, Good| Dec. - Rogal Dutch, N. ¥. — buying support also was ex by ea Stars Roebuck — railroad, steel, motor, public® utility | July — ‘food shares, Outstanding weak | CORN— ae ow Jersey. Maimi Copper - Middle States Oil Midvale Steel - Missouri Pacific - New York Central N. ¥. NUE, Norfo'k and Western - Northern Pacific ~-. Oklahoma Prod. and Ref. -—. Pecific Ott Furth 4s Victory 4%5) 115% 1.92% 1.18% 113% 1.12% 1.19% 1.06% 1.05% 2.06 Elkhorn | --— aq | BT. Wiliams — Kinney Coastal : . 5 Jupiter ES 4 }Lance Creek Royalty. .02 Mike Henry -.- 02 Mountain & Gulf <_-—. Outwest 4 Picardy 8 00% — 16% Sinclair Con Oll «. Southern Pacific F | Greybull spots were Standard Oll of sey.|Dec, . 268 06% 66756 | ccuthern Railway ‘Grass Creek Deleware, Lackawanna and Western{ May -". O8% 87% OMB | Standard Oil of N. J. Torchlight and Delaware and Hudson. Call mon- a OTM 66% ATK 129° Bunset -- -ppened at 5% ‘pepr cent. pl 2g} A Javegestion pf a change in sentiment | Dee. 414% 42 41g er 48% among professionals was colored to ee — 4 AIM 42% 40 48) Py some extent by further upward -pro-|JMww . — 39% 40% 39% Tobacco Products 82% «ress afternvoc Bidding for railroads | LARD— jas| Transcontinental. O11 15 j|fo ' Sha various epectaities was insistent} Oct... — 10.40 "10.40 “10.05 10.85 1488, | ‘af; time, with Southern Pacific, Can-|Jan. 2 . 9.35 9.37 9.30 9.82 873% adian Pacific, Réck Island, New Ha-} RIBS— ven, Chesapeuke and Ohio, Studebak-| Oct. . er, United Retu!l, Stores, Fisher Body|Jan.. ... ‘ and, Allis Chalmers” foremost among anumber of shares which advanced 1 PLANS CHANGED U ‘opper Westinghouse Electri ‘su | confluence of the Mackenzie and Bez Location of Tanks in Carbon County Fields Announced ie This. Week. 718] Change in the storage program of: 8 |the Producers & Refiners corporation 34% }in the Carbon’ county. fields is report- 90 Jed this week, it having been decided 15 | to erect one 55,000-barrel tank at Fer- 137%) ris and two 55,000barrel. tanks at Wertz instead of building four 558 at Ferris as originally planned. Three other tanks will be erected at the terminus of .the propased pipeline on. the Union Pacific at a peint midway between Rawlins and Fort Steele. Ma- terial for the tanks is being delivered from Rawlins and work. has started by O'Connor & McGrath. ‘The company has as yet not com- pleted tests on the two wells brought in last week. No, 1 at Salt Crebk on section. 18-40-78, completed at i810 in the shale and estimated.as a 160-bar- jrel pumper, and No.1 on section 36- 26-87, Ferris field, completed at 2.115 fees and estimated at 100 barre! Other operations of the company at to 3 points, Standard Oil 6f New Jer- sey was pressed down steadily, losing fenr points at 205. American Beet ana Sugar was also lquidated »and| ~ Aeldod over 2 points. The siew gov-|. pte ent 4% per cent bonds dipped to/creamery extras 46; firsts 36@39 0 where buying orders were en-|extra firsts 42@44%4; seconds 3414 countered and the price rallied to] 35) stafidards 4144. 99:20. Eges high@p; receipts 3,606 cases; ‘The closing was strong. firsts 34@43; ordinary ‘firsts 30@32; ‘Trading expanded ‘in later dealings| miscellaneous 34@40; refrigerator, and prices pursued a steady’ upward | extras, 25@26; refrigerator firsts 241% course. 4 @25. - Willys’ Overland - ae American Zinc, Lead and Sm. -17% B Butte and Superior —— 31g Cala Petroleum Chicego Morthwestern Maxwell Motors B -—-. Consolidated Gas’ - pound butchers $8:10@8.50; early top 8.65. . Cattle recefpts 2,800; all classes 9% cattle slow, steady to lower; short fed ‘etGers. especiaN; dull; average quality of receipts plain; practically no choice corn. feds on sdle. Sheep, -receipts 6,00 steady to 25c lower; toy westerns ''$12.90; natives $13,50; clipped lambs | $12.50@12.85; sheep strong to higher; | weighty yearlings $10,25 light ewes 3 feeding owes $5.50; feeding | yearlings $9.00; feeder lambs dull and lower. ———— Foreign Exchange NEW YORK, Oct. 27.—Foreign ex-| CHICAGO): Oct. 27.—Potatoes dull; change firm. Great Britain demand|recelpts 98 cars; tdtal United States 4,46; cables 4.46; 60 day bills on banks| shipments 1410;' Wisconsin sackod 443 15-16. round whites No.1 85@96 cwt; bulk 80 France demand.7.02; cables 7.03. @390 cwt; Minnesota sacked round Italy demand 4.00; cables 4.00%. | whites 75@90 cwt;Binnesota bulk Red Réelgium demand 6.54%; cables 6.65. |river Ohios No, 1, 95@1.05 owt; South Germany demand .02 7-16; cables 6.55.) Dakota round whites 75@80 cwt; Holland demand 3.01; cables 39,07. | North Dakota sacked Red river Ohios ‘@rway demand 17,98. 1.00 cwt. Sweden demand $6.72. Denmark demand 20.05. Switzerland demand 18.09. Spain demand 15.25, fat lambs Denyer Prices ‘ DENVER, Colo., Oct, 27.—Cattle re- ceipts 2000; market steady to weak; beef steers 6,00@7.25; cows and helf- calves 5.00@8.50; stock- Salt, Creek No. 3, sec. 6-39-78; cemented 070 feet. fo. 1, sec. 14-39-79 tanding cement- Greece demand 2.10: ers and feeders 5.00@7.25. 4 Poland derhand .00%. Hogs receipts 100; market steady;)°? ®t 7.540 feet. 3 ‘Czecho-Slovakia~ demand 3.14. top 8.75; bulk 7.60@8.50. Oe Sheep receipts 25,400; market steady ; lambs 12.75@13.75; ewes 12.25@13.00. BIG SUM INVESTED IN DEVELOPMENT OF KEVIN HELENA, Mont., Oct. 27.—More than a million and a half dollars will have been spent in the Kevin-Sunburst oil fleld of Montana by the end of this Season, in purchase of leases, drill- ing and in organization of companies, according to Carl C. Adams, who re- cently returned. from a survey of the district as field assistant to the state board of equalizaion. Nine wells are producing ofl in com- mercial quantity in the field and elght are producing gas in marketable vol- Argentine demand 36.00. Brazil demand 11.75. Montreal 100%. caslug at 3,510 feet. ‘0. 8, Sec. 7-26-89; shut down at 1,- 650 feet._ 2 ose) ss CHICAGH Oot 27.—U .S. Depart- rient of Agriculture.}—Hogs, receipts 16,000; market slow, about steady; bulk 160 to 240 pound ayeragés $9.00@9.10; top $9.10; big packers bidding tower; heavy packing sows $7.25@8.00; pigs mostly $9.00; heavy hogs $8.50@ medium $$.90@9.10; light $9.00@9.10; light light $3.90@9.05; packing sows $7.75@8.40; packing. sows Killing pigs $9.00@ Mahoney Dome No. 1, sec. 83-36-88; drilling at 2, feet. | 0, 2, mec. 4-25-88; drilling at 2,590 feet. Ferris No. 14, sec. 25-26-67; drilling at 1,750, feet. mis ati No, 15, sec. 25-26-87; drilling at 1,450 feet. 0. 20, sec. 25-26-87; drilling at 625 feet, deep test well. * | No. 12, sec. 26-26-87; feet. NEW YORK, Oct. 27.—Copper dull; electrolytic spot and nearby 13%@ 19%%s; futures 18% @i4e. + Tin strong, spot and futures 3! Iron steady; prices) unchanged. ne Lead steady; spit 6.50@6.85. Cattle, receipts 6,000; native bebet Zinc quiet; Hast St. Louis spot and | steers sifw; practically no choice kind nearby delivery 7.10@7.15. lhere. Bulk natives of quality and 'con- ‘Antimony spot 6.75@7.00. dition to sel! at $9.00@11.507 westerp grassers int moderate supply, few loads early at $7.25 @8.25; respectively; bulls weak to"I5c Mwerjother classes about steady; bulkc bologna bulls $3.75@4.00; few heavy sausage bulls upward to $4.25; yealealves arvund $10.50 to fishing at 1/910 Thornton Dome No, 1, sec. 8-26-65; drilling at 415, feet. Baxter Basin No. 1s sec. 13-14-107; rigging up and Duilding camp. SILVER NEW YORK, Oct. 27.—Forelgn bar the close of the week follow: ' } | 7-26-89; cemented 5 3-16 | packers; few desirable kind: $11.00; Creek - No. 1, se% neP. sec. 26-46-100; run-| silver 67%4c; Mexican dollars 51%c. ning rig. TT - ;ume, according to Mr. Adams. Sixty Sea eeenere ta e000; fowicary anien{20@ OPerations in the field, "ip one| — native lambs about steady; later trade | "*@8° OF another, are sufficiently ad- | vanced that they may be expected to weak. to 15¢ lower; ‘early top, natives! —cinpiete their wells, | $14.65 to shippers and city butchers:| | $14.40 to packers; desirabl best western lambs $14.35; other | backs $14.25;" sheep around steady; heavy fat ewes $4.59@5.50; Mghter | teneata outalde, Setar git oka weight uBite % A | tion it is estimated that between 50,000 | and 60,002 acres of poential off pro- Omaha Quotations. |@ucing land {s held by “Individuals, OMAHA, Neb., Oct.'27.4U. 8. De-|cither the fee owners of the’ premises partment of Agriculture)—Hogs, re-|or by outright. lease speculators. celpts 5,500; about 1.500 hogs to ship-| _ | pers early, steady; balance of supply| A widely advertised soap will soon | packer 15 to 25 lower: bulk packing | be the only floating bar. —Jackeonvills grades $7.40@7.80; bulk 180 to 250) Journal. -:- Livestock -:- All Markets WMAKET GOSSIP AND FELD NEN HIGH VALUE FIXED ON FENSLAND Although no confirmation can be had locally, it is re- ported from Denver that the terms on which the transfer of the Fensland Oil company properties was made to Producer: & Refiners corporation was on the basis of 35 shares of P. & R, for 100 of Fensland. There are 370,000 shares of Fe land outstanding of no par value which would necessitate T= 5%% notes 1923 Republic, §8 - Republic, 7%s of Belgium, dom of Hegium 68 — wedom of Norway, & — of G. B. & L, 5% of G. B, and.L., 6 Sugar, 6s the issuing of 119,60 shares of P. & R/| sion, Colombia, South America, accord | American Tel. and Tel., col to handle the trade, At the present! ing to advices feceived by the Stand.| Armour and Co. ma-ket price of the shares this would| ard Oi) company here today saltimore figure about $5,736,000 as the price thieher for the Fensland properties. Of this Montana Production. wget) lant the company has a net acreage) © HEPENA, Oct. 27.—O1l produced hy re of 960 acres in the Salt Creek. fleld.| stontaria in the 18 months which is most of which {s considered proved the remainder being several thousand acres in Texas, part of which ts pr and ended ue Of $4,005.569,% gan Ja: | 30, 1922, Ry nk cording z ducing. a the office estat: Boaka 08 6 rthern, 7s Tt is betiewed certain tn well in-| «ation today t Northern 6 1-38 B-___ formed circle? that the acquisitton of |” The _ produc Kan yen Texas new «dj this ‘property will insure the butiding| gig in. tint pert ‘en sabe Poe oe = of aepipeline ‘by Producers & Refiners |tarreis of which. 87.2 ew York Centre! dab. from, the Salt Creck field to the site!ios; by evaporation or lerkage. Nortiern Pacific pr of the new refinery at. Grenvilie via! poundup field In that period p ced | -Teson Bhort Line*gta regon Short acitic ( Lin and ret. rt 4s. bs the Ferris field the company having! 133 995 harreis, with a value of $10 about 1,500 barrels per day from ts} 945"" xo tigurea fro mthe Kev own properties in addition to an aver. | *** 3 pote Dot n. RR. Gen. 645 age of 1,300 barrels from th: Fensland |P2st Held wre inciuded Che wenn. R. R, Gen. ba land, the output from.both of which | year ~ Speen , n ort Gen 4s oti ih | yes Sincial 0, Tie can be greatly augmepted by further |" 4,4 seven: refineries now-oper: s-nclair Oil of Cal., deb. avilling. : nion Pacific first S. Rubber, s. jin Montana paid the ae in the month pepriod $22,239 and an additior FINANCIAL NOTES. jal $3,084 is due and. coll le, ‘The A marked decrease in, the poe Bd pels fate on refining is one cent f tion of both passenger automobiles|each gallon of gasoline produced and tricks in/September is shown tn | goid within the state. * figures made public by the depart} men’ of comméree, The “outpat . of Passenger cars was 186,562 compared| with 249,225 in August while truck production was, 18,845 against 24,200) in August. The September output ts! the lowest since Mareh but was con-| n folie, today declared erably above that for September “for 409 per cent-and voted to increase 4s The Rubber bs .. tah Power and Light, 6s _ Western Union 6%s | Westinghouse Electric STANDARD PIPE LINE TO GARRY Stock Dividend Declared. BLIZABETH, N. J,, Oct. drectors of the Borne-Scrymseé: any, a subsidiary of the Stano. company producing. lubricatir.s a stock dividend Jast year, the ‘tote’ for that month}! % fro) 200,000 td $1. being, 144,609 passenger cara and 15,-/{t# Capital stock from $200, ; $48) trucks. - “gohatets — - . Stockholters at a recent meeting of Flax’ Seed_ ry the Union Oll company of Delaware| DULUH, Minn:, Oct.~ 27—Closing NEW YORK, Oct. 27.—It is reported here from a source approved the dissolution of that com-|cash prices: flax seed Oct. 2.52; Nov pany, its assets and liabilities having, 2.50; Dec. 3.39 bid; May 2.33 bid been taken over by the Shell Union ms Ol corporation. onsidered reliable that Standard Oil interests will build a pipeline from Sait Creek to connect with the Mid-Continent trunk lines in an effort to relieve the congestion of that dis- rict and it is highly probabie that the Prairie Pipe Line com- any will build and operate the carrier which will deliver he ol! to the Standard of Indiana. , Which are to be opéned by Secretary it is stated that this will be done| Fall on November 15. It is estimated, egardiess of whether or not the Sin-| that this royalty from Salt Creek lair people build a line from the Tea~|alone is now averaging about 8,200 ot, that; being largely dependent on | barrels daily and [tt expected thatl ‘he amount of of! developed in that] these figures will be advanced! to over vrveture and this line will furnish an} 10,090 barrels by the firet of the year. sutlet to eastern markets for the Wy-|It ts this ofl which is entering largely ming excess production. Into the plana of those companies and Both the Standard and Sinclair com-|with either one securing the contract vanies are known to be making bids /{t ts almost assured that a pipe line or the royalty oll from tht: field | out of this district will resu! Cotton. { NEW xXORK, Cct. ‘steady; middiings 23.9 t $< _—_—— | Pity the poor bachelor. He has no rivers’ in he northwest territory, has|home to stay away from.—Watertown already gone to waste to supply the! Standard. demand of the whole north country for an entire year. Government or- clais are trying to arrange for the butiding of wooden storage tanks sunk in the ground to retain this o!l which will otherwise be lost between the freezing of the rivér surface this sea- son and the opening of navigation next. spring. i £7—Spot cotton A report from Edmonton states that 0. enough crude of! from the we'l Fort Norman which is located at Oil Struck In Columbia. SAN FRANCISCO, Oct. 27.—Oi1! sand has been struck at the 2,176 foot level gf a well being drilled by. the Latin-American Petroleum eel owned jointly by the Standard Ot company and the Transcontinental Olt interests, on the San Jacinto conces- JOHN P. GRIFFIN We have a Blue Ribbon Grade of Meat for you this week. National Key Campaign Drawing for the Ten Prizes Set for November Ist. Phone 1288 233 East Second St. Anyone having keys due them please ~ call for same and deposit them with the Wyoming Trust Company before Novem- ber Ist. i VEAL Shoulder Steak ...... 22¥ac Loin Steak... Shoulder Roast . Shoulder Boil .. BEEF * Choice T-Bone, lb..374c¢ * Choice Sirloin, Ib .35¢ Short Cuts or Club Steak, Ib Round Steak, Ib30¢ pple Shoulder Steak, Ib....20e | Breast A ‘Hamburger Steak, Ib. 15c Veal Chops sss fr lO lead WATCH THE TRIBUNE FOR Good, meaty Shoulder | | New York Full Cream ANNOUNCEMENT OF ; Cheese, Ib.. 35¢ Corn Beef, sugar cured, ’ Prime Rib Roast, boned and rolled, Ib.......22¥ec WINNERS. Prime Rib Roast, stand- per Ib........10¢ and 15¢ f ing, lb. ...-20¢ | Sugar-cured Dry Short Rib of Beef, Beef, Ib__.. .45¢ 3 Ibs. for.. ~25¢ | Salt Pork. 246 q * PORK Sugar-cured Ham, oaks a a Reo Sanne api ee 3 Pork-Loins, Ib_...324%4c | __ Sliced to fry..........35e Good grade sliced Bacon, Ib. — Calf Hearts. Pork Shoulders, Ib. 19¥%c Pork Butts, Ib. Pig Tails - Spare Ribs, 1b. Pork Steak, Ib. Pork Chops, Ib. Fresh Side Meat. Meaty Neck Bones... Fresh Pig Feet... 9c Pork Sausage, 2 Ibs. 35c tr sons - PROMOTERS BACON Whole or Half Slab, Of Oil and Industrial Enterprises Your Choice = erga Swift's Premium........35¢ Genui eos Pe Good grade of Bacon, ADVERTISING is an absolute necessity for : ue pine pring Bae whole or half ......30c the successful presentation of your proposition : Shaulder to Roast. ib. 20 Brisket Bacon,-lb...23¢ to the public. 4 a Steaks, Ib. -.... 25¢ HAMS Place your campaign in the hands of an ex- Your Choice—Sugar- Cured Skinned Hams, Whole or Half. Swift’s Premium... VEGETOLE 2 Ibs,-for. 4 Ibs. for. pert who is thoroughly familiar with all meth- ods of publicity. Who can plan and write your display, prospectus, from letters, etc., and place your publicity where it will bring results. Breast, fine with dumplings, 2 Ibs....15¢ PURE LARD 2. Ibs. for. 5 Ibs. for. 10 Ibs. for__..___.__. $1.75 50 Ibs... oil game and in constant touch with local condi- tions. Years of experience in the writing and handling of all forms cf publicity. | Eastern Nebraska Corn-Fed Hens. Springs are fine this week and are cheaper again. You will be better satisfied when you select you own meat. % STOP AND SHOP. WE BUY THE BEST—DO YOU? | | | | | Thoroughly familiar with al] phases of the | cites \ For interviews, address | Box A-177, Care of Tribune