Casper Daily Tribune Newspaper, February 21, 1923, Page 8

PAGE EIGHT Oi: -:- Finance - - Bonds - be Casper Daflp Cridune - Stocks - ROFESSIONALS |LOSS RECORDED TART BUYING, IN GRAIN MART Short Interests Abandoned in|Early Prices Show Decline New York Mart After and Closing Figures Only r Att pts.” Slightly Higher. CHICAGO, Feb. 21.—Wheat went downward jn price today during the early dealings, a materia! factor being renewal of the ng which for sev 1 days past has been led by a house th eastern connections. As the use has usually been of late, how- purchasing broadened and a ensued when the market fell to $1.19 for May. A dectine in Liverpool 1otations had some effect as an in- uence on the bear side of the mar- among the proximated 1,000,000 Feb. 21.—Continua here. The opening, which varied taking sales in m unchanged figures to %c lower, quarters, coincident with fresh buy May $1.19% to $1.19% and July ing operations in the coppers, st 15% to $1.15%, was followed by and low priced ols, resulte deciines all around and then a slight i wlarit the openin te s| reaction ash-| Bullish crop advices regarding w to- v ashed 1 nts and Nebraska and western Kansas, t Woolen 1%, while gains | gethe th reports of larger flour n were scored by United | bus in some quarters, led to ral- Hou! le-| lies later. An offset, however, was announcement that for the first time latter demand embraced the}s'nce the world war there was a total motor accessory, tir and|‘ack of clearances of domestic wheat merchandising share: yesterday from Atlantic and Gulf ing recorde ports. The mark closed unsettled Bosch ” the same as yesterday's finish to and Davison and Allled| so lower, May $1.19% to $1.19% and Amer.can Agricultural] July $1.15% to $1.15%. com and prefer Corn and oats receded with wheat. Goods After opening %c to %4¢ lower, May »eabody the corn market underwent a improved fr general sag. and Lightness of rural offerings brought about something of a recovery later. ‘The close was unsettled at %c net de c to point Nashville ¢ s and was followed altimore and 1 Atlantic en exchanges open er showed 1 Ing alt N deliveries 1 und French frances quotations on hogs r ‘ firmness to the provision market during | Wheat— Open High Low Wativey May ----1.19% 1.20% 1.19 1 lying op 1.15% 1.15% 1.14% e to another 1.14 1.14% 1.13% ions t In in their search of new le ages were at the hi 74% April, 1920, and this 1 the continued stro s Heavy accu 0. 45% 45% Southern Railway shares 44% AN ville and Nashville soaring five 43% above yesterday's close, while , 7 Mobile and Northern preferred 60 11.50 11.52 nearly four points. North American 11.75 11.62 11.65 also was in wider demand, rising three , points. Realizing sales in Stromberg w--= anne aos Carburetor, Which had been pushed 10.97 10.92 10.92 up nearly 15 po'nts in two days, de - pressed that stock more than two Cash Grains. alg points and heaviness also was appar-| CHICAGO, Feb. 21.—Wheat No. 2 red $1. 2 hardw $1.21%. Corn ent in Gulf States Steel, Marine pre- United Fruit. No. 2 mixed 74c; No. 2 yellow 74%c. Call money ferred Opened at 5 per i. c No. 2 white 46@46%c; No. 3 Professionals who experimented on | white 44@45%c. Rye, No. 2, 86c_ Bar the short side of the market, finding |ley, 64@73c. . Timothy nead $58 4 that the; were making little hea 6.50. Clover seed $1 0@20.g0. or attitude in the Lard $41.35. Ribs $10.25@ 1 their nominal. buylr ar on ow éarly jite3B. See Stocks w resumed vigorou: many new directions. Ame crossed 100 again and some of the ' Foreign Exchange Fubber, ofls and public utility shares| ose briskly. ’ The closing accumulation } t firm. er Further je railroad was of high NEW YORK, Feb. 21.—Foreign ex sbares and marked strength of local! changes firm; quotations in cents public ut issues featuring the|Great Britain demand 4.71%, cables Tate deal 4.72, 60 day bills on banks 4.69% aa France demand 6.14, cables 6.15; Italy cables 4.85%; Belgium cables 6.41; Germany cables .044%; Holland cables 39.68; Norway Sweden deman 26.67 19.47; Switzerland demand 4.85 demand 5.40, demand .0044} demand 39.65, demand 18.65; Denmark demand as Butter and Eggs CHICAGO, Feb. 21.—Butter lower;| demand 18.83; Spain demand 15.71; ereamery : extra firsts 49@| Greece demand 1.04; Poland demand BJ; firsts 47@48; seconds 454 @46%.| scho'Slovakia demand 2.96; lower; receipts 8 Argentina demand Brazil de- mand 11.62; Montreal 98%. |Golden Rule Heads | Return From East firsts ‘ ordinary misce White House Nurse | W. J. Lindsay, proprietor of the Golden Rule; J. J. Chapman, manag [and Orlo C. Hetts, manager of the ladi ready-to-wear department of |the same store, returned yesterday where they have bee ting the markets of Ch go, New York and Bt. One of the most important features nott 1 were the-increased price of al! Mr. I s reports that the vor and the from the for some t, v Lou's nin 1 wna and almond greens ha 1e places of the more 5 Printed crepes and nations are very effect suits are being trimmed this sen. with different colors of braid tralght silhouette coats are trimmed capes of rials are te latest present and coming popular the soft fashion season, Booze Seizure mat for the | On French Ship Is Protested f b. 21.—Officials ‘8 of th DO quarts ed t a r y in the to inter wi American departme the return of Kuth Powdoeriy, navy leag n »| the confiscated liqu Was entrusted with the care of Pres 7 —- re dent Wilson during his and ST. PAUL—J. E. Kelly was ap lias been performing the sayge duty! pointed secretary of the Equity for Mra. Harding. Cooperative exchange. New York Stocks Oil Securities (Associated Press Leased Wire) (By Wilson. Cranmer & Company) LOCAL OLL STOCKS ~* Allied Chemical & Dy Allis-Chalmgrs —---. Bessemer - 21 23 American Beet Sugar. Big Indian’ — 21 23 American Can ----.--—. Boston Wyoming 1.00 American Car & Fay, — Buck Creek American Hde & Leather pfd. Burke 20 American International Corp.-- 27 2 - Taine Tecoma Blackstone Salt Creek 22 American Smelting & Rei Rpapeell 2 = 51 Atsaticah. Sugaé c. Caumbine a3 15 American Sumatra Tobacco. Consolidated Royalty- 1.37 1,39 American T. & T... Cow Guich ~ Oz 03 American Tobacco — Domino ~ 9 American Woolen f Elkhorn ~ 07 Anaconda Copper ES 93 Atchison —-.--—- antz 5.50 Atl, Gulf & W. Indies. Gates al Baldwin Locomotive Jupiter ‘01 Baltimore & Ohio. — Kinney Coastal -39 41 Bethlehem Steel “B' Lance Creek loyalty. .02 08 Canadian Pacific . — Lusk Royalty - 01 02 “eLpaeky ariel Mike Henry 1 02 Chandier Motors - x Sin a Galt 149 1.88 Chesapeake & Ohio - ah | More ecu? i a4 Chicago, Mil. and St. Paul Chicago, R. I. & Pac. Chino Copper Picardy Royalty & Producers. 13% Colorado Fuel & Sunset __. 02 Corn Products -. Tom Bell Royalty ---. .01% Crucible Bteel ~ Western Exploration --2.85 2. fo - 7 Wyo-Kan. 80 ‘amous Players-Lasky 88% | Western Ol FI ’ neral Asphalt - 47% | Western States 24 (36 General Electric - 185 |y son. 40 n jeneral Motors 15 i Goodrich Co. - NEW YORK CURE CLOSING Great Northern pfd Mountain Producers 19.87 20.00 Illinois Central --. 116%4 | Merritt ~~... 11.00 11.12 Inspiration Copper - 41% enrock Oil 1.50 International Harvester 96 t Creek Prds. 24.25 Int. Mer. Marine pfd. Salt Creek Cons 13.50 International Paper Prod, tefrs. 11.00 Invincible OM - Marine New 5.50 Kelly-Springfield Tire - Al dcaact = 15.37 Kennecott Copper Service Cum. 190.00 191.00 Louisville & Nashville 17.87 18.00 Mexican Petroleum 16.00 18.00 Miami Copper - Mammoth 52.50 62.50 Middle States O11. LIBERTY BONDS. Midvale ol ts 101.56 Missouri Pacific & New York Central - As 98.32 N.Y. N. H. anc Hartford. Ist 4%s 98.60 orfolk & Western. nd 448 98.40 Northern Pacific rd. 4%8 98.86 Oklahoma Prod. & Ref.. 3 |ith aus 98.68 Pacific Ol - 46% | Victory 100.16 von American Petroleum_ Iron & Steel_ Dutch, urs Roebu' clair Con outhern Pact Muddy sage Southern Raflway M4 ee ndard Oil of N. J 42% eee Studebaker Corporation - Sal —— es 12% | Rock Creek - Tennessee Copper rexxas Co. - ad & Pacific.. Tobacco Products ‘Transcontinental Oll Hamilton Grass Creek Torchlight Elk Basin Union Pacific -—- 2 United States Stores. % | sunburst it 8, Ind. Alcohol. th United States Rubber United States Steel -. 07% | sirable 144 pound ewes 8.25; some 100 wethers very pound fall clipped Texas $.25; supply feeding material light; no early sates. Utah Copper Westinghouse Blectric - Willy Overland Am. Zine, Lead. Butte and Superior. Cala. Petroleum Montana Power attuck Arizona, reat Northarn, Ore. Omaha Quotations OMAHA, Neb., Feb. 21.—{U. 8. De partment of Agriculture.)—Hogs re seipts 15,000; slow, early sales mostly Chieago Northwestern - five cents higher; packing grades ‘taxwell Motors “B' 6.00@7.00; desirable smooth sows up Consolidatec Gas to 7.25; butcher hogs all weights 7 ries sed 0} a American Linseed O!! to 7.90: top 7.95. Cattle receipts 7,800; steers steady to 15c lowe: 8.75; top steers 9.25 bid; she stock 10 slow; beef bulk tandard Oil Stocks |] 10 ssc" ower: cows 4.2505.75; bulls : {| ana veals steady; bolognas. 4.00@4.25; veal top 12.00; stockers and feeders NEW YORK CURB. pice og Anglo a8 ta | Sheep recetpts 9,000; kiiling cla Buckeye oo, tg. | mostly steady: bulk wooled lambs Continental {i tg | 14-26@14.56; best unsold; ewe top Gumberiand 2 Nyau% 69% | 820) no feeders here. Galena ~ Lal Mil, Pipe 168-170 in, Pipe 96% 97%! Donvmn Colon Feb 21—Cattle ne. 22% «20 oR, : wire . Akh Bee, as” 337 | receipts 8.00; market steady; beef N. Y. sieaatt ios -110._'| Steers 7.00@8.25; cows and_helfers North. 4pe Si% 88% | 3:50@7.25; calves 4.50@10.50; atockers Ohio.,0m 265 268 | 8nd feeders 3.50@7.25. Prairie “OU tis 116% | Hogs recetpts 1,600; market steady Prairie. S100) = — Fea 187 | to 250 higher; lambs 12.50@14.00; food solar Ry. = 19-110. [ek lambs 12,50@14.25; ewes 4.50@7.25. Southern . O. Ind. 67 0. Kans a SO. Neb, 228 Potatoes | 8. O. N. ¥. = 48% S. 0. Ohio -. 305 Vacuum ~ 53%] CHICAGO, Feb, 21. — Potatoes 8, Penn OM) ~ 196 | steady; receipts 31 cars; total United States shipments 701; Wisconsin sacked around white 1.00@1.10 wt; ditto, bulk 1,00@1.15 .cwt; Michigan Livestock sacked and bulk round whites 1,05@ 1.15 ewt Chicago Prices CHICAGO, Feb. 21.—(U. § Depart- Money nt of Agriculture. }—Host receipts 3,000; 10c¢ higher; bulk 160 to 210 pound averager €2008.40; top 8.40: cw sprite ren! S1—Call money bulk 255 to $25 pound butchers 8.00@ packing sows mostly 6.85@7.10; hogs ; ruling rate 5; last Joan firm; high 6%; low os.ng bid 5; offered at 6% pigs 7.26@8.00; heavyweight all loans against acceptances 4%; a medium 8.05@8.35; MBht) time loans easier; ed collateral, 8 ; Mght Nght 8.00@8.36; pack: | 65.99 days 4% @5; 46 months 5; prime ing sows smooth 7.00@7.40; packing | commercial paper 4%. sows rough 6.75@7.10; killing pigs pia siaaeletd ae 7.25@8.00. Cattle recetpts 9,000; beef steers and she stock steady to strong; kill Silver ing quality plain; early top light steers 10 few loads fresh steers | 9.50@10.00; some held abo 10.25 NEW YORK, Fob. 21.—Forelgn bar nulk bee: PI ff quality and condi ong ega tpt aaa tr: : silver 64%; Mexican dollars 49% tion to sell at §$.00@9.50; medium grades light vealers unevenly lower; other grades and clasaes generally 9 steady, fairiy active: bulk desirable SWAN venl calves 12.00@13.00 to packers:| } > SAMERS upward to 14.50 for choice kinds to UNDERREAMERS shippers; bulk bologna bulls around | heavies upward to 5.26 ough, heavy, beef bulls 4.75@ choice yearlings bulls upward to 8.00; bulk cannera 3.00@3.35; bulk cutters @4.25; bulk stockers and feeders 6.25 @7.75. Sheep receipts 16,000; opening very | early sales choice wooled lambs around 15¢ lower; bidding about | lower on other kinds; early top 15.00 to packers; some held higher; one deck fed 90 pound yearlings oe 10., ahippers; uheep steady; one 10 de- No Pishing 400s AT. YOUR UFPLY .S - Grains - 'S AND QUOTATIONS BY LEASED BRENNING BASIN TO BE DEVELOPED That the Brenning Basin field in Converse county is to be extensively developed is evidenced by the announcement of the Burns Oil & Development company that it will start op- erations there immediately and will continue until the field is brought up to the highest point of productivity. This company has 640 acres under lease and more op- - Livestock -:- All Markets IMMKET GOSGP-AND FIELD NEWS tioned and plans are now being made for the extensive drilling of the entire area. ‘This field {s proved to the shallow sands there being several wells drilled in depths ranging down to 350 feet. Some of these wells have come in with a flush production of as much as 100 barrels per day, Ister settling to about one-tenth of that amount and the oll is a high grade product. A deep test will also be drilled to the Amsden sand and it ts expected that this stratum will be proved during the present summer. A pipeline connects the field with a small refinery at Fetterman on the railroad and it is expected that when production warrants this. plant will be placed in operation to handle the output. , ee Dividend Declared General Motors has declared a divi- dend of 30' cents a share on the no par comon stock. Bosch Magneto Active Bosch Magneto production ts re- ported at 75 per cent of last year with unfiled orders -ncreasing weekly. Through reduction of its bank loans the company 1s reported to be in better financial position than ever be- fore. Midwest Has One Completion The Midwest Refining company completed one well in Salt Creek dur- ing the past week, that being Wyom- ing Oil Fields No. 13 on the north- west quarter of section 25-40-78 which was drilled in at 1268 féet. A produc- Uon test is now being run. Midway test No. 2 4s still standing at 4415 feet where an effort is being made to pull the 4% inch casing. Crowe well No. 2 in the Notches field is standing cemented at 2750 feet. Nieber dome test 1s running 10 inch casing at 1670 feet. Two operations are under way in the Baxter Basin field, both of which are active. No. 1-X on the northeast quarter of section 36-18-104 is drilling at 1890 feet. No. 29 on the southeast quarter of section 25-18-104 is drilling at 1000 feet. Transit Declares Extra Dividend The National Transit company has declared an extra dividend of 50 cents a share payable March 16. to stock of record February 28. The last extra dividend was 25 cents declared Au- gust 22, 1922. Worthington Income Increases The Worthington Pump & Machin- ery company for the year 1922 earned $4.73 on the preferred “B" stock against a net loss of $188,630 in 1921. Public Service Shows ‘Profit The statement of the Public Ser- vice Corporation of New Jersey, just Issued for the month of January, shows net for dividends of $862,362. No Change in Immigration Law It has been decided by, the Republl- can leaders in Washington. that no change wil Ibe made in the immigra- tion laws during the present session. Milinols Central Sells Bonds The Itinols Central has sold ‘to Kuhn, Loeb’ Co., $12,447,000 of five per cent bonds due November 1, 1955. These bonds will be offered by the purchasing company at 99, ylelding over 5.05. per cent. Freight Handling Increases Despite: blizzards and heavy snow fall, the New York Central handled 230,664 more carloads of freiglg in January than during the same month a year ago, an increase of 40.0 per cent. All Stocks Average Higher ‘The average price of twenty active industrial stocks traded in on the New York stock exchange on Tues- day was 103.56, a net gain of .60. The average price of twenty active rai!- road stocks was 90.17, a net gain of -3T. Studebaker Reports Profit The -report of the Studebaker Cor- poration for 1922 shows a net of $18,- 062,487. Oil Field Picture Made. Under the title, “When Wages Stop," a four reel drama has just been completed in California which tells the story of safety as applied to all operating divisions of the ofl -} 000,000 Sinclair Crvde Oil Purchasing industry. Professional motion pic- ture actors, under guidance of an experienced director, have portrayed an interesting and dramatic story of oil field life. Episodes comprising the story give opportunity to show scenes in all of the more important divisions of the industry. Companies cooperat: ing in the undertaking are: Amalga mated Oil; Associated Oil; Midway Gas; ‘Pacific Oil; Southern California Gas; Sheel Oil; Standard Oll and Union Oil. The U. 8. Bureau of Mines has also been interested in this work and has lent its hearty cooperation to the enterprise from the first. One or more prints of the film will be turned over to the Bureau of Mines under whose auspices it will be displayed throughout the United States. . Gasoline Shipments Make Record, Shipments of gasoline from Casper during the month of January were the largest of any month in the his tory of the Wyoming oil industry. Export shipments for the month in- cluded 11,400,000 gallons for England consigned to the Anglo-American Petroleum company. Sinclair Issue Oversubscribed. The syndicate which offered $20, company three year six per cent series B notes announces that the issue has been oversubscribed and the books closed. Demand Good for Storage Steel. CHICAGO, Feb. 21.—The demand for plates for oil storage tanks is good. Sinclair O11 is inquiring for 6,000 tons and Roxana Petroleum for 3,000 to 4,000 tons for Mid-Continert delivery. Pan-American Petroleum & Transport has renewed its inquiry for 7,500 tons. Petroleum Midway company has placed an order for 20 tanks requiring 6,000 tons for de: livery in San Pedro, Calif, pcan Teatihates ey CHICAGO.—What was declared the first charge of murder here growing out of a persén’s,death at- tributed to drinking poisonous alcohol, today was pending against Vincent Cutala, reputed wealthy, ‘The charge was placed against him after a coroner’s jury investigated “the death of Mrs. Katherine Thomp- son, 60 years old. Two other men were held on the same charge. CLEVELAND. — Formation of unions in all elties of 10,000 popu- lation or over in which there are three Methodist Episcopal churches, is the alm of council of cities of that denomination, in sixth annual session, Rev. M. P. Burns of Phila- delphia declared today. ATHENS, Texas.—Judge A. B. Watkins, 66, well known jurist, died here early today. CHICAGO.—Wilbur Glenn Voliva, overseer of Zion, Ill., convicted of criminal libel today faced a pos- sible fine or imprisonment, or both. Tried in the criminal court on a complaint filed by Rev. Thomas You'll find, for sale most every day A grocery store or choice Cafe That you can buy, with small outlay, CLASSY FIED The Want Ad “ Page’ eS) Surveying and Locations Geologists Oil Experts Oil Field Maps, Blue Prints WYOMING MAP AND BLUE PRINT CO. P. O. Box 325 French Republic 8s. ———2-- 96% 95% Dom. of Can, 5% pct. notes French Republic 844s Kingdom of Belgium 9%e-. Kingdom of Belgium 6s. Kingdem of Norway 88. U, K. of G, B. & 1. 6% 1929_ U. K, of G. B. & I. 5%4ss 1987-. American Sugur 63- American Tel & Tel & Amer. Tel. & Tel. col. tr. 5s. Armour & Co, 4%s ~ Baltimore & Ohio cv. 4%s-. Bethlehem Steel, ref. 5s- Bethlehem Steel p. m. Canadian Pacific deb. 6s. Chicago, Burlington & Quincy ref. Chicago, Milwaukee & St. Paul c Goodyear Tire 8s 1931 Goodyear Tire 83 1941- Grand Trunk Ry. of C Grand Trunk Ry. of Can. 6s~ Great Northern 7s A Great Northern 5 13s B. Mo. Kan, & Texaxs new adj. fs A. Missouri Pac. gen, 4s. Montana Power 5s New York Central deb. 6s Northern Pacific. pr. . len 48 Oregon Short Line bid, 5s etfs. Oregon Short Line ref. 4s 5s. Pacific Gas 14 Electric 5s. Penn. R. R. gen. 6%8. 109% Penn, R. R. Gen. 5: 100% Reading gen. 4s 85% Stendard Ofl of Cal. deb. 7s. 106% Union Pacific 1st 4s.. 92% U. 8. Rubber 7%s 108 U, 8S. Rubber 5s 88% Utah Power & Light 65s. 91 Western Union 6%. .. 109% 109% Westinghouse Exectric 78 -. -108% 108 108% The Feminine Bloc in Congress l 3 4 rhis is the first picture taken of the three women members of Congress. xett to right, Cougresswomen Huck of Iilino!s, Nolan of California and Robertson of Oklahoma, Mrs, Huck and Mrs. Nolan were elected to fill ‘the unexpired terms of their husbands who died while in office., Oe er ae NEW YORK, Feb. 21—Cotton spot Nelson, pastor of the Grace Mis- sionary church of Zion, who charged Overseer Voliva called him “an old billy goat, a blatherskite” and other epithets, the Zion church head was found guilty last night by a jury. A motion for a new veg pe eat quiet; middling 2945. BELLEVILLE, Il.—Leroy Hol- Flax Seed lins, 28, and Ernest Williams, 23, DULUTH, Minn,, Feb. 21.—Fiax seed close on track 3.13; arrive 3.06; February 3.13 asked; March 3.06 asked; May 2.82%; July 2.76 qsked. negroes of East St. Louis, Ill., were hanged today for the murder of Aiphonse de Hon, 21, a salesman, pecs > ain a " LATE SPORTS SPRINGFIELD, Mo., Feb. 21.— Carl Mays, submarine hurler of the New York Yakees, today was speed- ing to Hot Springs, Ari., to report for spring practice. “All I want is plenty of work this season and I'll win more than my share of games,” said Mays. Mays has been spending the win- ter at his country home near Springfield, chopping wood and roaming over the Ozark mountains. SWAN UNDERREAM 2 AT’ YOUR SUPPLY. ST INVESTED IN STOCK OF THE Burns Oil & Development Co, Will go farther than $50 in 95 per cent of the oil companies organized. WHY? This company is offsetting eight of the best produc- ing wells of the Wyatt Oil & Refining company in the Brenning Basin adjoining the lease line. These wells came in with an initial flow of as high as 100 barrels and settled to from 5 to 10 barrels of high grade green paraffin base oil per day. These wells came in at from 240 to 365 feet. Oil has been found in the Embar and Tensleep Room 10, Daly Bldg. NOTICE TO STOCKHOLDERS OF THE FARGO OIL COMPANY Effective March 1st, the Empire Trust Company, 120 Broadway, New York City, will be the authorized transfer agent of the Fargo Oil Company. No more stock will be transferred at the Casper offices. Local stockholders will be furnished with any in- formation desired by calling at the local offices of the company. FARGO OIL COMPANY W. D. WEATHERS, President 219 Consolidated Royalty Bldg., Casper, Wyo. sands and a deep test to the Amsden will be drilled on this lease. As soon as production reaches 150 barrels or more per day, one-third of the proceeds from the sale of this oil will be placed in a dividend fund andthe stock placed on a monthly dividend basis, one-third will be used for new development work and the remainder placed in a reserve fund, This policy will be maintained until the enti of 640 acres is developed. rea seee There is now a pipeline to the field with rail and refinery connections, assuring a market for production as fast as developed. This proposition merits you thorough iny tigation. horough inves. PT? Burns Oil & Development Co. $250,000. Par $5 Hotel Casper, Wyo. Capitalization P. O. Box 1495, or Wyatt 2 we met wa Do —__| Dx J a I