Casper Daily Tribune Newspaper, February 2, 1923, Page 10

Oil OT OGK PRICES ARE BUOYANT Utility and Steel Equip- ment Shares Move Up in Trading. Finance - GRAIN PRIGES CONTINUE CLIMB Further Advances Scored in Trading Today on Chi- cago Exchange. NEW YORK, Feb. 2.—Prices moved}, CHICAGO, Feb. Wheat aver- to subst: little higt price today day's more active 1g the affected market. Buying © ore or less by prespective immediate spired by tt recovery 0: ssage of the Lenroot farm credit foreign bonds and foreign exchange | bill through the senate. Predictions rates her a cold wave threate possible lamage to w prices ‘United St uptu: fhe Standard Oil y's finish. for year we Subsequently, the market —_con- ‘and General tinued to st strength. helped by touc! opp, action Wh olosed swere at the sterday's {in- Marked nt in forelsn May rates h effect on sent rare ment & ns were oxtended damare ve firm opening reports from Argen- to corn and oats. sesed. The demand and food sha’ spec Royal tte! &c, the corn trifle more. price of th 2 a tion of th st sea- ,json. Advices Indicated that a large portion of the new Argentine crop n precimiat had been {rreparably | injured. The i Seno lose was firm 1% to a lo net were reg’ May 74% to T4téc rted unchanged to %c HN@H to 44% around inf b w heav the fo werg eas with es opened fir % of a cent to $4.663 nes jumped 19 points Belgian francs advan: to 3, and yerm. around .0026 cent With few exceptions prices con tmued to rise briskly during the morning with the buying being most effective in the oil, food, public util! | n ed 32 gnarks held steady points steel equipment, motor and merc! ising issues. Pressure against Vir- ginia-Carolina Chemical forced that | 0. ATS_ stock down 2% points, American Cot-] May - — — ton Oil preferred dropped 2% and] July - ~~ Pressed § Car 2 points. Fisher | Sept. - ain to nearly 10| LARD— - 11.35 - 11.37 11.37 11.40 Pan-Ameri Postum Cereal and Nort .¢doaer Abie 46aa-Goak American were up to 2% points. Call mo! 4% per cer | Prices demonstrated their CHICAGO. No. 3 ability to advance in a convincing | narq $1.15% 7 fashion, buying became more varied | “<, nue in the afternoon. Many shares which | vena aa haq not participated fully in the fore-| “Gar, 3 moon rise were bid up sharply, par. is ularly Nash Motors, Marland O1l.| nye No, 2 WJewel Tea preferred, United Retail] piney eoqes. Stores, 1 ed Drug and Macy. Corn 7 5 Products climbed to 132 and Baldwin Clete ea ais 00@ $6 Ssold nearly 4 points above yesterday's] jor nominal Ane pow, Agure. $10.50@ $11.60 ‘The closing was strong. Trading Islackened in the final dealings but the higher prices were well main- Stainea with the late demand most effective in the sugar stocks. Foreign Exchange | Butter and Eggs | CHICAGO, Feb. 2.—Butter creamery extras 4614 firsts 4344 @ 45%, seconds 41@41% lower; standards 43% firsts 4 Sees lower; receipts 13,029 : NEW YORK, Feb. 2.—Foreign ex:| ¢irets 31@3144; ordinary firsts whanges irregular. Quotations in| 991,° miscellaneous 304@30% ents: Great Britain demand 4.67 sohencamtitai is «ables 4.67%, 60 day bill anks 2.64 15-16; France demand » cables §§.24%4; Italy demand 4.81%, cables POTATOES Belgium demand cables 95148; Germany demand .0027%, 20028; Holland demand CHICAGO, Feb. 2.—Potatoes dull: £9.33; Norway receipts rs; total United States | z shipment. Wisconsin sacked round wh P85 cwt; ditto, bulk | 0 cwt; North Dakota sacke and .0026% ho-Slova d whites 80 cwt; Minn a 8a e demand Montreal River Ohios 90@95 cwt; some sted 75@80 cwt, Idaho sacked russets branded $1.45 cwt. a WEATHER FOOLS ’EM, METALS = NEW YORK, Feb. 2.—Copper firm; Rlectrolytic spot and futures 15@ THEY START FIGHTS 35%. * Tin st arby 40.00 | atures | | ~ || AT SIGN OF SPRING * Zinc uiets East spot and beerby deilvery of delusive spring Antimony spot weath not without its effect * ae pe in the police court, for many a young man’s fancy lghtly turned SILVER | to thoughts of beating up his cohab- {tant, legal or illegal, and tho do- mestic hairpullings, as: 1 and * NEW YORK, Fet such things that found thelr way ver 64; Mexicz urt during the past a to astonish any but Cotton. n who deciares NEW YORK, Fe s that way in the Steady; middl GOMMEAGE CTEPARTMENT | ISSUES HOUSE PLANS the theory of those “1 to know with a wor man 1 to unr the same | period of several months t is time to move. L. Carter 1s the most recent t sault and battery him by Laura | m A $50 in po- blueprints are com. | lice evidence brought terial 6 up .Tesulted in the ea of 400 court's fill n order for the ar- reat of both parties on the charge | brent sets t if cach is 4 a hunity, Garbutt Bonds -:- i| New York Stocks Associated Pross Leased Wiro Hi Bessemere 18 20 Big Indian — 15 18 Boston Wyoming 1.00 1.15 Duck Creek 16 18 Burke -- 7 30 Blackstone Salt Creek .18 20 Chappell 38 40 Caluntbine - 10 12 Consolifated Royalty 1.23 1.20 Cow Gulch -. Ot 02 Domine ~ 206 Os Fikharn 4—.. 05 E. LT Williams - 73 Frantz -.. 5.00 Gates - 08 10 Jupiter 00% 01 Kinney 34 236 Lance Creek 02 03 Royalty ol 2 He 0 i in 1 1.30 Ban 7 Roya & Producers .11%%4 Suni 03 04 Tom Bell Royalty - 011 Western Exploration 2.70 Wyo-Kans . 80 Western Of! Fi Western States Y ou . 10 Mountain Producers .$ 16.75 $1 Merritt --- 00 Glenrock Ol) - 1.50 1.56 It Creek Prds. 20.62 20.87 Salt Creek Con: - 10, Prod, ad Refrs a a 800 Marine new 5.00 Mutual, Ol! - 12.50 S. O. Indiana - 61.50 Cities Service Com. ~ 179.00 Fensland 16.87 New York Oil - 00 Mammoth Oil -. 3.00 3s - First 48 - Second 4s First 4% Second 4%5 4us Fourth 44s Victory 4%s Third Anglo Buckeye Continental Cumberland na tI. ¥; rther fo Prairie Priarie olar TF Souther: Souther Ss. 0.1 oO. Union Tank Vacuum: Co. Pipe —— Ind. Pipe -- Transit Y. Transit ‘Transit Pipe n ou oul Pipe tee. n n nd a Pipe Standard Oil Stocks | Anglo Suckeye — Continental Cumberland | Galena New York Curb. 17 Ill, Pipe -. Ind. Pipe - 96 Natl. Transit — ra N. Y. Transit — 120 Northern Pipe — - 107 Ohio Ol __- - 76 Priarie Ol - 226 Prairie Pipe 109 Solar Rfg. - - 180 suthern Pipe 108 outhern Penn. Oil --- 173 oO. Kar - 48 °. - 58 oO. = 210 Ss. 0. - 48 5 0. Ohio. = 298 Union Vacuum Tank os WEATHER RECORDS FOR Weather George &. McKenzie, observer, show that January this year was one| of the mildest in recent yea: | minimum on Janui the The day in thirteen’ mounted to 6% of days with ary th. temperature was 30 and the maxium enth and the tenth. total 0.57 inches and th hours w precipitation f s 0.27 ine The total inches. or more 01 precipitation was five, There were 19 clear days, clouc month, NEW YORK, fir and App: six cloudy day Fr roxtmat et for 18% 90 % % | JANUARY ARE SHATTERED reports compiled by local weather for the month just ended The below 52 on ‘or the 31 he greatest hes on the snowfall The number inches of slx partiy| s in the | MONEY NEW YORK, Feb. 2.—Call money easier; high 4%; low 4%; ruling rate 4% clos offered af 5; last loan s against accept- ances 4%; ans firm; mixed col. | lateral 60-90 days 4%; 4-6 months 4%; prime com cla T4s@s% fe ees | | | | Prod. | Third 4%s Stocks -:- Grains -:- Che Casner Dailv O@ribune S AND QUOTATIONS BY LEASED | Oil Securities Furnished by Taylor and Clay. LOCAL ou ese rd Bessemer 23 Big Indian ae az Boston Wyoming --— 1.00 1.46 Buck Creek 16 Burke —_ 7 31 Blackstone Salt Creek .18 20 Black Tail 101 02 Chappell ~. [38 +40 Columbine 10 “12 Consolidated Royalty 1.29 Capitol Pete ~. 00% Cow Gulea 2 03 Domino 08 Elkhorn Bt. Kinney Coastal —. | Compass Franu ~ | Gates = Jupiter nee Creek Royalt, ike Hen Mountain Outweat Red Bank Picardy Preston Royalty & Sunset ~ Tom Belt Western F Kan: "yo. Tex. Vestern Stal . Ol -. 3 NEW YORE CURE CLOSING Mountain Producers -$ 16.75 §$ 16.87 Merritt 9.12 9.00 and Refrs. rine new Mutual S. O. Indlar 61.50 “ities Service Com 181.00 } > 17.37 | New York Oil 16.00 18.00 | Mammoth Of 54.37 LIBERTY Bo-s. 3% ~$101.46 - 98.40 Second - - 49.84 First 4%s . - 98.36 econd 44s - 97.84 - 98.52 Fourth 44s 98.06 Victory 4%s 100.18 Hamilton Cat Creek Mule Creek Big Muddy Salt Creek Rock Creek 1.99 1.90 1.90 $1.00 to $1.20 plese aaa Sunburst Live Stock Chicago Pr'ces. CHICAGO, Feb. .2.—(U. 8. Depart: ment of Agriculture.—Hogs receipts 49,000; 20 to 25¢ lower; bulk 150 to pound averages 8.30@8.40; top 8.45 early; bulk 190 to 225 pound averages 8.10@8.25; bulk 240 to 300 pound butchers 7.95@8.05; few keigh ty butchers 7.90; bulk packing sows 6.7547.00; desirable pigs mostly 7.75 @8.00; heavyweight nogs 7.85@8.05; medium 7.90@8.30; light 8.15@8.40; light light 8.00@8.40; pack'ng sows, smooth 6.90@7.40; packing sows, rough 6.70@7.00; killing plgs 7.75@ 8 175 Cattle receipts 4,000; classes fairly active, strong; spots higher on beef steers and desirable beef heifers; killing quality plain top yearlings 9.90; mixed steers and heifers weight 755 pounds; ma- tured steers 9.85; bulk beef steers 8.00@9.00; several loads commoner kind 7.25@7.75; bulls weak; stockers and feeders dull; desirable veal calves 10.00@11.25 to packers; outside up- ward to 12.50; medium grades light calves around 9.50; bulk desirable bologna bulls around 4.50. Sheep receipts 8,000; opening very slow; fat lambs steady to 10c higher; most killing 26 to shippers; clipped lambs fall snorn up to 13.00; sheep fully steady; strictly choice 100 pound ewes 8.00; feeders quict; no early sales. Omaha Quotations. OMAHA, Neb., Feb. 2.—(U. S. De partment of Agriculture.)—Hogs—Re- cefpts 14,000; mostly 10@15c¢ lower; bulk packing grades $7.00@7.25; bulk butchers all weights $7.85@7.95; top 38.00. Cattle—Recelpts 1,500; and she stock steady to strong; beef steers bulk steers @8.75; top $9.10; all other classes generally steady. Sheep—Receipts 4,000 steady; bulk lamb $14.60; ewe top $ Denver Prices. DENVER, Colo., Receipts 100; market heifers stocic and calves $4.50@10.00; ers and feeders $3.50@7.50. steers $7.00@8.5 $3.50@ 8.00; 0; cows Hogs—Receipts 600; market 10 to 15e lower; top $8.0; bulk $7.75@7.90. Sheep Receipts 3,400; | mar steady; lambs $13.00@14.00; fee | lambs $13.00@14.26; ewes $4.506 pis —— Flax Seed. | July DULUTH, Minn., cash prices: flax seed arch $2.80 bid; asked. Feb ‘eb. 2.84% bid; $2.86 asked; oul Teapot leases, reat ostate, townsite Kep wanted. Cal). or write Development Co,, 24? Casper, Wy, owners of sentative us. DLidwest 2.—Cosing MARKET GOGSIP AND FIELD NEWS IMPORTANT MERGER 1S EXPECTED With the view of lessening the operating expenses and in order to have the various units together, the Glenrock Oil company, Marine Oil company and Royalty & Producers cor- poration are moving from the former location with Taylor & Clay on the ground floor of the Consolidated Royalty building to suite 417-418-419 of the same building, which is occupied by the Western Pipeline company. As ,perate attemps have been made to set Max W. Ball is now president of ail {up another leader but through lean these organizations, it is believed | years and fat, this is the stock that ttt this presages an announcement tbe financial district, speculators and of the merging of the four compan-|{nvestors, alfke, turn for guidance, les into one big corporation, jnot alone for the purpose of using in| this stock for a vehicle, J. C. Lindsay who has been v but for an charge of tho pipeline company since |!ndication from it as to what other its inco tion 1s now general’ man- | 8tocks will do, ger of all the companies. No other aa} hatige in ‘the persona ofthe sont Illinois Central Income Less. ies has been announced, Mr. The report of the Illinois Central system for December shows a net op- erating income of $3,464,359, a de- crease of $4,571,828. Lindsay is a graduate engineer of the University of California with ten rs experience in the oil and con- struction business and previous to Coca Cola In Good Position. coming to this state with the ‘The cash pos‘tion of Coca Cola is Associated Pipellne company of Cal-| good according .to its latest state ifornia. Taylor & Clay are retaining their ment and a dividend rate of $6 a share for 1923 1s practica’ly assured. former offices in the building, hav . ing sold only the brokerage busines Car Loadings Increase. and will remain here to attend tc Car loadings for the week ended their numerous oll interests. ‘nuary 20° totalled 865.578 cars an ae ase of 184,469 over the same P. & R. Completes Well. da xear ago and 156920 over same week in 1921 Producers & s only five a Refiners corporat’: tive operations in th Reserve Rates Change. state at presunt owing to the curtail Th je fede e y * ment for the winter season. lavhioat nen Foserve .system’a ‘ratio , Salt Creek mf 7 per cent. No, 1 on section 14-39. has been completed to the secon¢ Wail Creek and a test of production now being made although no fig s have been given’ out. No. 1 on section 18-40-78 is stand sg cemented and will be completed within a short time. Yo. 2 on section The New York federal reserve bank's ‘atio declines from 76.1 to 76 per cent, Big Loan Authorized. The League of Nations has auth. ‘rized Austria to borrow 3.500.000 »ounds from international bankers to used for the country’s rehabilita- ‘on. The loan fs guaranteed by the ‘engue and the first of a series to. talling about $150,000.00. 3 7-26-89, in th Wertz field is shut down on account of a shortage of water. No. 1 on section 33-26-89, Mahoney dome, is swedging p'pe at 1,925 fee The Enos Creek test on sect =e Abpiake Earns Million. 26-46-100"is drilling at 1,810 feet. le jew York Airbrake company paces Sia eurned approximately $1.000,000 in 1922, which !s equal after preferred Standard Dec'ares Dividend. W YORK, Feb. 2.—The Stand ew York today the first quarterly dividend nts a share on its new issue 5 par stock. The dividend rate dividends to $3 a share on-the new common. ard Oil company of tared dec Debate Over War Debt. Bitter debate broke in the senate this morning over the proposal for c re old $100 par stock, which the | priti h = fundin sritis: ig debt. Representa- present issue supplants, was $4 @/tive Fish wil! Her’ uarter, As the $26 par stock was ‘ah amendment ts: the fustiee bill as an amendment to the funding measure, President Harding is to send a special message to congress udvocat'ng the enactent of necessary legislation. sued at the rate of 12 shares for ach $100 par share, the new bringing $4.20 on each 12° shar means an increase of 20 cents quarter, a Mellon's View Unchanged. WASHINGTON, Feb. 2.—Comple- tion of arrangements for tne payment of the British debt to the United States will in no way alter Secreta Mellon's opposition to a soldiers bonus, it was said today at the treas. ury. As the British funding negotia- tions near their conclusion indication of a revival of the soldiers bonus agi-| tation is apparent among some mem- bers of congress. Mr. Melion takes the position that | the country’s inability to bear the burden of a bonus would not be changed by lquidation of the British debt on the ground that the principal and interest of the liberty bonds out- standing must be provided for. He} holds that the British payments could have nothing to do with a bonus as the law requires the amounts to be! received from forvign debtors shall be, applied to the payment of the liber-| tes. Crude Raise Met. PONCA CITY, Okla., Feb, 2.—Kay County Gas company (Marland) met the ten cent raise in price of Mid- continent crude posted by the Prairie Oil and Gas company today. The in- crease applies to all degrees gravity, low price being $1.30 for 28 gravity and $2.40 for 41 gravity and above. Mid-Continent Oil Up. INDEPENDENCE, Kans., Feb. 2.— The fourth consecutive ten cent rise in the price of Mid-Continent oil in the last three weeks was announced this morning by the Prairle Oil and Gas company, general headquarters here. The prices now range from 1,30 to $2.40 per barrel, at the well. SATE * Oil Concession Let. MOSCOW, Feb. 2.—(By The Asso- ciated Press.)—A preliminary agree- ment for the concession, development and exploitation cf 1,100 square miles of oil land in Gouria, along the Black Livestock Dominion of Canada, brenca Republic, 8s French Republic, 714s Kingdom of Belgium, Tis Kingcom of Belgium, § Kingdom of Norway, 6s K. of G. B. & 1, Biss, UK. of G. B. & I., 54s, 1937 American Sugar és American Telephone and Telegraph cv. American Telephone and Telegraph col. tr., 5s Armour and Company 4%s - Baltimore and Oh!o ev., 44s — Bethlehem Steel ref,, 5s - Bethlehem Steel p. m. 5s Canadian Pacific deb., 4s Chicago Burlington and Quincy rei icago Milwaukee and S odyear Tire $s 1931 Goodyear Tire, 8s, 1941 a Trunk Ry of Can: nd Trunk Ry, of Canada, 6s — ut North: is A ut Northern 5 1-3 Missouri Kansas\and Texas new ad}. Missouri Pacific gen 4s Montana Power . New York Northern Pacific pr. lien 4s Oregon Short Line gtd, 5s ctfs. Oregon Short Line ref. Pacific Gas and Ezect Penn R. R,., gen. Penn, R. R., gen., Keating, gen., 4s Standard Oil of Call Union ific first 4 United States Rubber United States Rubber, 5s -. Utah Power nad. Light, Ss — Western Union, 6%s8 _ Westinghouse Electtic Paul cv., 4 5s i j AS NEW TRUST COMPANY PROJECTED FOR CASPER i BE HEADED BY PROMINENT WYOMING AND DENVER MEN That Casper may have a new trust company is ptobable. It is understood that a movement - is under way for the organizat‘on of a high grade investment _ company carrying with it all the features of the trust business excepting the taking of deposits. R. G. Taylor and I, N, Clay, who have recently sold their brokerage business of the firm of Taylor and Clay, to the Denver firm of Wilson and Cranmer, together with a-‘num- ber of leading business men of Den: ver and Wyoming, are the moving spirits in the new enterprise. When ed about the matter, neither Mr. Taylor or Mr. Clay would state fully whether or not the plans were to be carried out for the building up of such an organization; but it w stated by them that preliminary steps had been taken und that it was probable that such an organ- ization would be perfected, with the arrangement of a strong personnel, some time in the near future Mr. Clay and Mr. Taylor stated that during thelr many years of experience in the city of Casper and Wyoming, they have come to the conclusion that there is a splendid opportunity in the state of Wyom- ing for the organizing of an institu- tion that could handle high grade investments, bond issues, and other businesses that are: peculiarly at- tached to ‘the investment business, and that Casper is the logical place for such an organization on yant of the vast amount of business handled in the city along this line. | Casper. The freight would be-routed | over the Burlington or the’ North- western to Bucknum and then turned ever to the North & South railroad. The passenger traffic which the road would lose would be negtigible. sea, has been reached between D. 0. Robertson, representing a British petroleum company and the commis- sioner of consessions of the Soviet government. If the final terms are arranged th's will be the first English concession in Russia, The field {s located be- tween the ‘ports of Batum and Poll and centers around Ozourgnety. According to Mr. ‘Robertson the Gouria’ company {s independent of the working agreement of the Standard and Dutch Shell group against par- ticipation at present in. the develop- ment of the Russian ofl fields. The terms of the preliminary agreement provide for a forty year concession with payment on a rental plan. NEWRAILROAD HOLDS PROMISE (Continued from Page One.) le that Casper needs the railroad but it is also shown that the railroad can get along without coming to Casper. If the railroad should establish head- quarters at Bucknum and not come here it would still be able to obtain th N Ww 2RR EAME The new concern, when organ- ized, though it will be a trust com- pany, will not go into commercial all the branches of a trust cont- pany, will ot go ito the commercial banking business nor take deposit, The principal object of the concerh will be to have connections tn Den- ver and elsewhere, whereby it will A” be. in position to underwrite or broker the bond Issues that may arise within this vicinity. It will install a trust department, insur- ance department, real estate depart- ment, and corporation sto: \ trans- fer department. The concert will also give much ‘attention to obtain- ing good real estate loans. It was also stated that {f the organization plans are carried out, certain ,Denver bankers will be in position to place into the organiza- tion some practical men in charge 4 of various departments. The new concern is arranging its plans and organizing in such a Way its busiess will in no way con- flict, nor come in competition with ; the banking” business. of the city or state; but on the other band it is taking up 2 line of investment banking business, under the invest- ment banking laws of the state, and will be in position to handle much business that can not be handled by a national. bank. It ‘is! understood that'a number of prom: inent men connected with various banks throughout the state will be identified with the new organiza. tion. « Ly ram, ‘ es Tell Them And You Will Sell Them! Be sure you tell them ; in the big Industrial num- berofthe Tribune. Make your advertising reserva- tions now. New York Central Earnings Lower. The Niw York Central reports net operating income for December of $6,- 782,171 against $11,989,658 year ago and for 12 months $53,716,459 against $59,031,276 in 1921. Industrials Up; Ralls Down. The average price of twenty active industrial stocks traded in on the New York Stock exchange on Thursday The aver- was 97.71 a net gain of .28 age price of twenty railroad stocks Was 86.06, a net loss of .18. vu. Steel Closely Watched. ew YORK, Feb. says: “There probably a time in the last few months when street followed the market price of It Steel common so closely as at the present time. Of course it {s the market leader and ‘as steel goes, so goes the market.’ Some rather des- SWAN UNDERREAMEF ‘The Times has not been SUPPLY (Bripetro 1] 700 SEVENTEENTH STREET WE WISH TO ANNOUNCE THE OPENING OF AN OFFICE IN THE CONSOLIDATED ROYALTY BUILDING UNDER THE MANAGEMENT OF MR. 0. S. REID ‘ Our leased wire system to all the principal markets affords facilities for prompt service. WILSON, CRANMER AND COMPANY Members New York Stock Exchange Chicago Board of Trade DENV DODO ONG ER, COLORADO