Casper Daily Tribune Newspaper, March 28, 1923, Page 9

WEDNESDAY, MARCH 28, 1923. STOGK TREND UPWARD AGAIN Majority of Issues Score Con- sistent Gains in Exchange Trading. NEW YORK, March 28.—Intima tions that no immediate increase in the federal reserve rediscount trate was impending brought about a fur- ther recovery of prices in today’s stock market. lative disappointment over the failure of New York Central directors to increase the quarterly div: fe er tims money. rates t on business. 0,000 shares. Spec ted 1,0 NEW YORK, March 28—Further recovery from recent heaviness took Place at the opening of today's stock market. Construing the federal re- » board’s statement yesterday as indicatio no immediate change in rate heir ‘favorites. ‘The Ss most effective in ippings and a large initial demand ~w the oils, cop list of spec Trading wlened considerably in the first half hour with initial gains well extended. eels, sugars, equip- ments and the automotive issues were heavily bought, the gains ranging from fr to nearly two points. Gains of a point or more were record- ed by Punta Alegre, South Porto Rico and Manati Sugars, American Locomo tive, Baldwin, Republic Steel, Cerero fe Pasco, Marland Oil, Sinclair, Strom- berg Carburetor, Bosch Magneto, Studebaker, Back Truck, Kelly Spring: field, Reynolds Spring, Moon Motors. Philip Morris, American Can and Uni- ted. States Alcohol. Foreign exchanges opened {rregular. Demand s unchanged at $4.68% a French francs advanced 5 points to 6.62 cents. More than 70 stocks had advanced a point or more above last night's clos: ing quotations before noon, shares made only a feeble response to the impressive strength shown by the industria! list, speculative interest in these ‘ssues being dimmed by the fall- ure of t ew York Central directors increase the several stocks rez high ree- ords for the year, including Mar‘and Phillips Petroleum and Union Bag Beechnut h falling t ‘h level on ol hree points profit tak ctrical Sup- A” and “B”" Caroline Chemical _pre- Call money ppened at shates on {n- Oil -:- Finance Ing was f Railroad | J dividends | WYEAT CLOSING [ UNGETTLED Business Curtailed and De- mand Declines With Ap- proach of Holiday. CHICAGO, March 28.—Fresh up- turns in the price of wheat took place today during the early dealings, the chief frctor belng an advance in Liverpool quotations. The Liverpool advance was ascribed in part to smallness of the stock of wheat there. Bullish crop reports from western Kansas ard western Nebraska tended also to lift value: The opening, which ranged from %%c to Sc higher, with May $1.19% to $1.20 and July $1.1 was followed by 6 to $1.16%, som is of a reaction and then by new Mies. Subsequently, the approach of hol days appeared to be curtail bust ness, and the market turned in The close was unsettled, tbe net decline to advance, with May $1.19%% to $1.19% and July $1.15%4 31.15%. Corn and oats were firmer in sym- pathy with wh After opening un- changed to %c higher, May 74%c tc 74%sc, the corn market held n the initial range. In the later dealings, the market showed lack of support, especially af. t wheat became somewhat weak Corn closed heavy at to "c net cline, May 74c. started unchanged to %ic , May 45¢ to 45%c and later showed but little change. Declines in the value of hogs weak ened provision: Ke High 1.20 Wheat— Open 4A4y 43 July —-.11,80 Ribs— Moy Jaly ---10.60 Cash Grains. CHICAGO, March 28. 1 herd, $1.20% @1.21 $1.20% @1.24. Corn—No. 2 mixed, 7444 @74%; No. yellow, 75% @76c. Wheat—No. No. 2 hard, Buying of 1 dividual trade con: tions carried the general level of prices constderably higher during the early afternoon. Oils, coppers and -equipments and steels were in the van, with some of the investment railroad shares also moving upward. Kelsey Wheel im: proved 2%, Gulf States Steel, Cerero de Pasco and Lima Locomotive 2%, and American Locomtoive, Pullman and Marland Oil 2 points. The closing was firm. A bad break in the Virginia Carolina Chemical is- sues, the common dropping four points and the preferred 10 brought about some liquidation in other parts of the lst but net gains largely exceeded net losses at the clos: Foreign Exchange NEW YORK, March 28.—Foreign exchanges irregular; quotations in cents: Great B mand 4.68%; cables 4.68%; 60-day bills on banks 4.66%. France demand 6.58%; cables 6.59%. Italy demand 4.93%; cables 4.94%. Belgium demand 5.68; cables 5.68%. Germany demand -0043%; car bles .0048%4; Holland demand 39.41; cables 39.44. Norway demand 18.07} Sweden demand Denmark de- mand 19,19; Switz Spain demand 15.87; Greece demand 1.21; Poland demand .0024; Czecho-Slo- vakia demand 2.96%; Argentine de 7.07; Brazil demand 11.05; Mon- Metals NEW YORK, March 28.—Copper firm; electrolytic spot and futures 17%. ‘Din firm; spot and nearby 47.5 futures 47.75. Iron steady; unchanged. aud steady; spot §.25. Zino easier: ¢ St. Louis spot nearby delivery rate 6%} closing bid 5 last loan G; call loans against accept: ances 5; time Joans firm; mixed col- ateral 60-99 days 5%; 4-6 months 514; prime cemrmercinl paper 5, = pe ee SIRF Sugar NEW YORK, March 28.—Sugar fu- tures closed steady; approximate enles 20,260 tons; May 5.63; July 5.83; September 5.99; December 5.78. In refined, prices wero unchanged 0 points lower with granulated now $9. Busir 2 70 to ons ame Tucsda Oats—No. 2 white, 45% @46%e; No. white, 44@4ic. Rye—No. 2, 82% @83c. Barley—61@67%c. Timothy seed—$5.00@6.50. Clover seed—$13.00@18.50. Pork—Nominal. Lard—$11.42. Ribs—$9.75 @10.75. 3 Butter and Eggs 28.— Butter ; stand 4844 @ 9c; 4345 @4 CHICAGO, March lower; creamery extras, 49} ayds, 48%c; extra firsts, firsts, 4744@48c; seconds, Bges steady; receipts, firsts, 28%¢; ordinary firs 22c; miscellaneous, Seventeen Traffic Violators Arrested Seventeen alleged- traffiq violators were arrested by the police yesterday and last night. Forty-five dollars was collected in fines during the court session yesterday evening, while there are still others who must answer charges. W. A. Bell and Mrs. Fred Tedtz, whose cars went to the mat late yes: terday afternocn on West Yellowstone avenue, are to appear for investiga- tion regarding traffic violation. Bell was driving a truck and Mis. Tedtz was drving a Nash The collision re- sulted in some damage to both cars, but in no injuries to the occupants. be here a woelt oe ar to| - Bonds - -44% | Donnas Allied Chemical & Dye bic Allis-Chalmers -43_ | American - 4848! Bs Indian - - | Louisville | | F - Stocks New York Stocks (Associated Press Leased Wire) Boston Wyoming —--- Ameri 1 iio T7432” | Buck Creek — American Car & Foundry. beets <2 American Hi(ts & Leather pfd_s 69% | =-------—----- American International Corp.-. 39% | Buckatoes Salt Creek American [Locomotive -- -133 peer Ameriéan Smelting & Ref’g.---- 64% | © American Sugar r _auw--~ 79% | Consolidated Royalty American Sumatra ped Ba weave eee = American T, & T. eat aes American ‘Tobacco khorn -—~. American Woolen -. ? Anaconda Copper - Frantz Locomotive Lance Creek Ry adian Pacific - Ska ERE ees Mike Henry ntral Leather ndler Motors Chesapeake & Ohio -- Chicage, | Royalt® & Producers. Sunset Tom Bell % Western Exploration , Wyo. Kans. ~~... | Western Oil Fields ,| Western States »¢ yalty NEW YORK CURB Mountain Producers -- 19.00 Glenrock Ot 1.81 neral Salt Creek Pras. 24.12 odrich ¢ Salt Creek Cons 12.25 Marine new - 5.00 Mutual S. O. Indiana Clttes Serylce Com. Fensland M a Marine pfd. “nterna’ . r Paper ticnal Mammoth Ol . - 51.75 52.00 sible Ol, ------ New York Oil = 15.00 17.00 oringfield LIBERTY punps Kennecott Copper Nashville etroleum 100.6? 96.58 96.74 Mexican lst 445 and 446 Crude Market Rock Creek Pacific Oll ---- Pan American Petroleum weceenreerenee ne 1.75 Become Salt} Cpe Yortecemecocca se coon 2.68 Pure Lance Creek - 2.10 Cat Creel 2.15 sage -.---— 2.10 Rage thon Big Muddy 1.65 AU SALE et Mule COOK coaccccirereraeeccse 1.50 Hemiltan -.. 1.6: Grass Creel 2. Terchiight ,- Southern pear Standard Oil of ceeyonl es: t Studebaker 344 | Sunburst & Pacic . 263, . ‘Tobacco Products 83g Livestock ‘Transcontinental Oll 12% tnion Pacific 140% nited Reta. Stores 80% chs Pri fee aesaatcgnn eee 70%! CHICAGO, March 2%—(U. 8. De- United States Rubber 625%! . 5} —Hogs- ie Al icrcod ear toy {partment of Agriculture.)—Hoge—Re- 72%, | celpts, 30,000; dull; mostly 20c to 25¢ ai, tower; bulk best 150 to 210 pound 6446 | 7 Copper tinghouse Electric averages, $8.25@8.35; top, $8.40; bulk 225 to 325 pound butehers, $8.00@8.20; American Zinc, Lead and Sm.--17 | aw packings sows, $7,10@7.40; pigs, Butte and Superior ~_ 33% | $6.75 @8.00; heavy weight hogs, $7.95 Pala. Petroleum uf 0%) @s.20; medium, $8.05@8. light, Montana. Power - $8.15@8.40; light Mght, $7.75@8.35; Shattuck Arizona - packing sows, smooth, $7.25@7.60; at Northern Ore ‘hicago Northwestern Maxwell Motor B ~ Consolidated Gas American Linseed Ol! ~. Cosden ~ packing sows, rough, $7.00@7.35; kill- ing pigs, $6.75@8.00. Cattle—Receipts, 10,000; beet steors, active, etrong to 16¢ higher; mostly 10c $0 15c up; top matured steers, $10.10; several loads handyweight and heavy kind, $9.90@10.00; bulk beef steers, $8.50@9.50; good yearlings fairly numerous; mixed steers and heifers, $9.60; few other loads, $9.59; later price paid for straight load light beef heifers; she stock and bulls, gen- Bid Asked| erally veal calves, unevenly Anglo - 16% | lower, mostly 26c to S0c off; stockers Buckeye - A - 87 88 and feeders, scarce, firm; bulk desir- Continentat - 45 46 le bologna bulls, around $5.25; bulk Cumberland vealers, early, $8.00@9.00 to packers; Calena - few $10.00 and above to outsiders; Minois — bulk stockers and feeders, $6.75@7.85. Indiana Sheep—Receipts, 11,000; opening Nas. Tran. slow; few early sales steady to strong; fed wooled lambs, $14.50; many loads held ground $15.00; six doubles 102 Y. Tran. CY Si pound clipped lambs, $10.00 to ehip- Prairle Of | pers for export to England; lighter Praile Pipe ,|welght clipped lambs up to $11.50; Gags wage 4) three doubles prime fed yearling Sou. Pipe | wethers, $14.25, averaging 81 pounds; 8. Oi Kan: cholee Iowa fed ewes held at $9.26. s. O. Ky. 0. Ne (s Omaha Quotations BO Ne ais dey, WOMAHA. “Neb, Marob 28. 8. RPP Ding 23” 292 + | Department of Agriculture.)-—Hoss— an Receipts, 21,000; butcher hogs, 10@15¢ tod 49° lower; bulk, $7.80@7.90; top, $7.90; aes <a packing grades about 10c higher; eows, $7.35@7.50; stagu, $6.35@6.50. 4 Cattle—Receipts, 6,600; open active; close slow; beef steers, steady to strong; some medium weight, strong to 109 higher; nothing eholce in- cluded; top, $9.00; veals dull, 25@50c lower; top, $11.50; bulls, canners ond cutters, steady; other classes, steady Mountain & Gulf Elects, to strong; stockers and feed Directors of the Mountain and Gulf strong to 10c higher: top native Oil company held their organtzation steers, $8.00; feedings cows and heif- meeting in Denver and elected the ers, steady to strong. following officers: A. D. Aitken,| sheep— Receipts, president; ‘L. Aitken, vicerpresi- cent; Howard F, Crocker, secretary lambs, and treasurer. Directors named were sheep, 2,500; lambs, $13.75; best held at $14.25; teady; ewe top, $8.75; feeders, Frank J. Dennison, H. H. Brooks, dul | Sidney 1. Kroughan and James W. Stewart. Denver Prices. DENVER, Colo., March 25.—Cattle —Cattle—Receipts 400; market steedy to strong; beef steers $7@8.75; cows Potatoes aad heifers $4.60@7.25, calves $4500 1c lower; top $8.25; bulk $7.65@7.85. CHICAGO, March 28. — Potatoes * ‘ong; receipts, 64 cars; total United sco ntaa tieeetts tetas ped States shipments, 932; “Wisconsin j2nts $12@14; owen 4.50@8.15. sacked round whites, $1.35@1.40; fate tM oat Michigan bulk round whites, mostly | steady to strong; early sales wooled Che Casper Daily Cribune Grains - SECOND BILLIE CREEK TEST IS SPUDDED IN Carter Oil Company Starts New Well for Joint Account Of Consolidated Royalty and Western Exploration Companies The second test of the Billie Creek structure in southern Johnson county, Wyoming, was spudded in this week by the Carter Oil company, drilling for the joint account of the Con- solidated Royalty and the Western Exploration companies. The new test is known as the Fred Hesse well and is located on the north half of the southwest quarter of section 17-48- 82. Rotary equipment is being used. The ‘first test of this structure was|Shut in. Officials hope to encounter Bris Sissi thapecntiani be oil in thelr second venture and it is | probable that an effort will t concerns and resulted }to go through the gas sand if a mammoth gasser, | encountered. hese three which ow Drilling in Churchyard Is Restrained by Court Order PONCA CITY, Okla., March 28.—) two hearing of the company’s An order restraining the C. 2. Knox| p on to quiet title to thelr lease il company of from dri part of the church yard, opposed n the Prairie View church yard. | y members of the church on grounds he Tenkawa oll field, was {ssued that drilling operations there would he district court at Newk: late) profane the dead buried there, It last night by Judge Claude yall,| ‘forever forbids the cil company. to t was learned here today. enter or in any way interefere with The injunction was ordered after a! the church yard and the cemetery NEW WELL DRILLED IN BY THE CONTINENTAL Continental Producing company has] Black No. 4 on the northeast of seo- the assurance of a new producer in| tion 30-40-78 is standing cemented the Salt Creek fleld with the drilling | shut down at 2,190 feet while rigging in of its Brown No, 4 well on the| is up for the spudding in of Bradley northwest quarter of sectio: 40, No. 2 on the southeast of section With the bjt 32 feet in the second | 19-40-78, Wall Creek sand at 2,532 feet, tt On the Geary dome, northeast -of hole is reported full of oll. The we sper, @ test originally down 4,881 should be completed within the next h a 3.inch hole, is Tren few days with good production. ing at 4,600 feet after filling the hole In the same fleld the company's| with cement to prevent caving. CONTINENTAL ENTERS BAXTER BASIN FIELD pany will drill a third test on section 17-16-104. Faster progress on operations in this field is expected since the advent of better weather. The Montacal company {s preparing to resume work on section 27-17:104 while the Asso- clated-Montacal well on No. 1 is re- ported to be drilling at 8,004 feet. Midwest Refining company and the Ohio company are both active in this district. G Rock Springs reports are authority for the statement that the Con- tinental Producing company, which has taken over operations of the Inland Oil company in Wyoming, is preparing to fulfill contracts for the drilling of two wells this year in the Baxter Basin field. According to these reports wells will be spudded in as soon as conditions’ permit on sections 18-17-103 and 8-16-104. There ig also a possibility that the com- PREMIUMS BEING PAID FOR TONKAWA CRUDE fleld. These four samples of crude are very simjlar. They are low in sulphur and contain very littie asphelt as shown by the “carbon residue" figure. In general char. ter they are much like other high grade crudes found in Oklahoma, for . Burbank and Cushing and will yleld kerosene, wax distillates, lubricating oils, etc., of similar characteristics, The Tonkawa crudes, however, are very rich in gasoline, particularly in the lighter fractions. The four samples analyzed contain from 18.0 to 16.4 per cent of light gasoline. Premiums of from ten to twenty- five cents per barrel over the posted price now beingfoffered for Tonkawa | crude petroleuff call attention to the| ining pur- high value of this ofl for ref poses. The Bureau of Mine ment of the Interior, in a j report by J. 8. Ross, entitl leum Engineering in the Tonkawa Oll Field,” gives analyses of four typical samples of the crude taken from the upper Hoover (gravity 43.8 degrees), lower Hoover (44.3 dog Carmichael (43.4 degrees), and kawa (42.1 degrees) sands in EVANGELISTIG SERVICES AT CHURCH SUCCESSFUL The evangelistic services are con: tinuing in the Methodist church. Tonight the pastor, Rev. L. ©. Ca ter, will preach and o quartet will sing. The service begins at 7:30 p. m. The attendance has been tn creasing since tho services started last week. The meetings will end on Priday night. Tomorrow, Thursday night, Rev. J. A. Dean will speak. » lista bo tearae POSIAR FILES BOND T0 IPPEAL LICENSE FINE Ton- that Posvar, brother of the accused, who declares that the defendant applied for an automobt{o license on Febru ary 21, four days before he took his car out of the garage for uso this year. The Ucense plates have not yet been received, it {s dec'ared, al though the cancelled draft made out n payment for the tags has been received by the bank here, Posvar daclares he was not permitted to pro duce this evidence. in court prior to being fined, Two Arrested On Liquor Charges A. H. McArthur was arrested} last night and released on a bond of $100 y the police on the charge of Sllegal possession af Uquor. Dan Wailer, charged with violating the drug ord! nance, was also released on a similar) bond. | a jut! este | ¥. Posy, tate Mon-| Guilford Smith was arrested on the| Louls F. Posvar, arrested late ery eres nesteas | day for alleged failure to secure an | automobile license and who was fined|———~~~SCS<S;<«T“;«SCS;«CS*«~*™ $25 and costs by Justice Henry Bren- nav, yesterday afternoon gave bond for the appeal of his case to the dis trict court. Assessment of the fine was unjust, according to the state ments made today ty George W. K DER! Lose No_ Cutters TREE Ghoeeny rvs ed Surveying aud Locations |] Geologists Oil Experts Oil Field Maps, Blue Prints WYOMING MAP AND BLUE PRINT CO. P. O. Box 325 $1.50 cwt; Minnesota Rivers, frozen, $1,00@1.10 | Silver Flax Seed. DULUTH, Minn., March 2 y flax o M NEW TORK; March 25.--Foretgn "| var silver, 68%; Mexican dollars. 62%. Room 10, Daly Bidg. - Livestock -:- All Markets RAGE NINE Kingdom of Belgium, 7 Kingdom of Belgum, Kingdom of Norway. U. K. of G. B, & L., 548, 1920 U.K. of G. B. & L., 5%s 1937 American Sugar, 6s American Telephone and Telegraph cv., 68 - American Telephone and Telegraph co Armour « Baltimore and Ohio c Bethlehem Steel thiehem 1 P. Canadian Pacific deb., 5 Burl. and Quin: #. Mil. and St. Pau loodyear Tire &s 114 104% 10 Uni ion Pacfic firs U. 8. Rubber, Tis — U. 8. Rubber, 5s Utah Power ana Light Utah Power and Ligh Westinghouse E Westinghause Electric 7: MRS, LILLIAN WICK IS. DEAD OFPERITONITIS Mrs. Lillian Wick, /wife of W. 0. Wick, died at a local hospital last night. Mrs. Wick, who was 20 years of age, and who resided at 646 Weat Midwest» avenue, had been ill for ten days of peritonitis. The funeral will be held st two yclock tomorrow afternoon from the Shaffer-Gay chapel. The I L. B.| Cotton NOTICE BY PUBLICATION State of Wyoming, County of Na- trona, ss. Ing the District Bighth Judicial District, in and for Natrona County, Wyoming. Oscar B. Boroff, Plaintiff, vs. Ida eit] “etletat Boroff, Defendant. otc Le To Ida Boroff, above named |defendant, whose Inst known place of residence was 101 Water street, EARLY TRIAL | Louteville Kentucky: IS SOUGHT BY}; Boroff, plaintiff, has tiled aoe, GOULD HEIRS| tition against you in the above court, the object and prayer of NEW YORK, March 28.--Attorneyn for various heirs to the $75,000,000 which is for an absolute divorce estate of Jay Gould are planning to upon the ground of desertion, and you are further notified that you bring to early trial the action against George J. Gould in connection with are required to answer said petition of plaintiff on or before the 26th his accounting as executer and trustee of his father’s estate. ‘All day of May, A, D., 1923, or the al- parties concerned in the action have Court of tho Carter legations therein contained shall be taken as true, and judgment ren- dered accordingly. Witness my hand and seal of said court this 27th day of March, A. D, 1923. HAZEL CONWELL, agreed to consider closed George ? z Gould's examination before trial. Sits of Be eae Court, Natrona This agreement was made because of CSEar) yoming. hin serious condition. He is {ll tn France. The tigation has been in| ByY GLADYS MOORING, the courts since 1916. eo oe TOO LATE TO CxASSIFY Mountain Realty & T Corporation Dandy 5-room house on Devine St, $7000.00; good terms, Good house on Fourth and Lincoln $6500.00. ‘Terme. Several classy residences in South and southern part. Lat us show you. Several well located resiCences and business lots, Mountain Realty & Title Corporation oO. 8. Blig. Phone \64W Deputy. Publish March 28; April 4, 11, 18, May 2. | tle Casing Early mill delivery on most sizes and ‘weights in car lots. Have over 80,000 feet used casing in all sizes. J. C. Roberts & Co. Hotel Henning Drilling Tools Several strings Standard drilling tools complete, also Stars and Nationals. Can furnish new Star outfits on payments. a” SWAN 4 UNDERREAMERS #4 Pipe Always Follows BRP MACHINE J. C. Roberts & Co. Hotel Henning An Oi Gamble WORTH WHILE. I have been on the ground and am personally interested in acreage in the new San Juan Basin oil fields of New Mexico. Have interest in four quarter sections state land leases that can be as- signed for $2.60 per acre in tracts of 40, 80 or 160 acres. There is no drilling clauses in these leases. There is going to be a very active drilling campaign in this field this spring. The big companies from all parts of the country are in there. Thousands of acres are to be tested out. Now is the opportune time to getin. Noone can ask fo better gamble than I am offering. One of these tracts may be worth thousands in a few months’ time, yet they may not, but it’s a good bet if you lose. J.C. Roberts Room 201, Hotel Henning “85 Y s in the Oil Game”