Casper Daily Tribune Newspaper, April 11, 1923, Page 7

WEDNESDAY, APRIL 11, 1923. Oil -:- Finance - SAND HILLS COMPANY PLANS BIG CAMPAIGN Three Strings of Tools to Be Operated on Holdings in be Caspet Daily Cridune PAGE SEVEN - All Markets - Bonds -:- Stocks -:- Grains -:- Livestock, - AND QUOTATIONS BY LEASED (OIL SHARES ARE WHEAT PRICES WEAKINMART BREAK RECORD | New York Stocks Allied Chemical & Dye_-..._- LOCAL OIL Broce: Bessemer ----. -—-- 23 French Republic, 88 -——.. Lost Soldier Others Companies in Carbon Prepare to Resume Sand Hills Oil company will be found among the foremost development concerns this year in the Lost Soldier field, Car- bon county, Wyoming, and will star off with three strings of tools on holdings of about 1,460 acres located near the tract on which the big Hughes company gusher was brought in last year. tion and will rush its drilling pro- gram with all possible speed. In the same field the Major Off company is preparing to start its first test well this year, and steady development of the Bair Oil com: pany's holdings may be expected throughout the season. North of Rawlins in the Crooks Gap district the Fremont Petrole- um company intends to resume oper- The Sand Hills expects to find the same produc- ations on a well started last year. Reports from that region state that snow still covers the ground and that active work cannot be started until May in all probability. The Anna Belle Wyoming Oil company of Cas. Der with a test down 2,600 feet on the Pickett Lake structure of the Red Desert country is ready to re sume as soon as road and weather conditions permit. Wildcatting and Drilling Of Black Oil Fields Loom With the recent completion at Greybull of a battery of stills for the production of asphalt paving mater- jal, interest in the Big Horn basin region of Wyoming will this year be revived in the exploration and de- velopment of black oil fields, opera- tions in which have dragged during the last two or three years. Several proved fields produce this grade of crude, including Warm Springs, Hamilton dome, the lower sands of Grass Creek, Crystal dome and other districts. ‘The Tensleep sand was found water bearing by the Ohio Oil company in its test of the Mercer dome, 20 miles east of Basin, but drilling will con tinue to the lower levels. Cross & Company will drill a test two miles north of Thermopolis on the Biz Horn river; another test ts projected Creek test being drilled west o! for the Red Rose dome near th: Warm Springs field and consider able interest centers in the Eno: Grass Creek by the Producers & Re finers corporation. West Salt Creek Test to Be Continued to Lakota The next test to reach the Lakota sand in the Salt Creek district prob- ably will be the well drilled by A. C. Hardendorf and others on section 10-89-79 on the west side of the feld which found the second Wall Creek dry. Arrangements have been com- pleted for continuing the hole from the 2,800 foot level, where the second ‘Wall Creek was cut, to about 3,500 feet where the Lakota is expected. Midwest Refining company's well on section 25-40-79 is the only other well deepened to the Lakota and some ofl was found. It is located close to the center of the Salt Creek structure and the Lakota was found at 2,613 feet. Other deep tests of the Salt Creek region probably will be made this year and locations for two such wells have been made by the Mammoth Oil company on the Teapot structure. adjoining Salt Creek. Market Gossip and Briefs On Operations in Oil Fields Frantz Claims Denled. HELENA, Mont., April 11.—Prepa- rations to fight the contention of the Frantz corporation, ofl producer in the Cat Creck field, that the state's net proceeds tax should be levied against all wells owned by the com: pany as a group, is being made by the state board of equalization. By a former ruling of the board the wells of the Frantz corporation were put in four groups, on each of which the net profits tax was figured. The company pafd the tax under protest and is now seeking in the district court at Lewistown to obtain a refund of $9,000. If the company’s contention that all wells under one ownership should be considered a single unit, net deficits in production in some wells would offset the net profits from others, ft is said. Skull Creek NEWCASTLE, Wyo., April 11.— The Skull Creek syndicate well is drilling at 3,000 feet and making satisfactory progress. The six inch casing has been set and the Muddy #and is expected to be reached within the next 800 feet. Fossil Field Operations. KEMMERER, Wyo. April 11.— President Baldwin, of the Three States Oll company, holding acreage in the Foseil oil field, spent part of the week in the city, having arrived the first of the week from his head- quarters at Oroville, Cal. He was disappointed owing to weather con- ditions preventing his visiting the field, but spent his time looking up the land records in the county clerk's ice. While here Mr. Baldwin announced that work would be started on his holdings in Fossil oil field, either sec- tion 11 or 14, just as quickly as rig and can be moved thereon. It is arranged fo make a deep test first of all, and if not satisfactory, low wells will be developed ibers sufficient to secure pro- duction. Weila in the Fossil field, which ad- Joins the railroad, will produce from 5 to 10 barrels dally if properly NOTICE TO SHEEP MEN. In view of the fact that the sheep owners of Natrona County have com- lied in full with Chapter 60 Session awe of 1921, The County of trona, State of Wyoming, designated as a Non-Dipping D! for the year 1923. But sheep owners who run thelr sheep across tho line into a dipping district it will be necessary that they comply with the dipping law and dip before entering into such dipping dis- trict, Wyoming State Board, of Sheep Com- missioners, FRANK B, LONG, President. A. ROBERTSON, M. D. C. Secretary-treasurer . is hereby rict By W. handled, and efforts are to be ma to secure a string of these wells which will prove a paying proposi tion. One well drilled 1 nthat fleld o few years ago developed 80 barrels of ofl in three days, before water entered the sands. This well war less than 300 feet deep. eo nercemnee nenene ema ene Silver | NEW YORK, April 11.—Foreign bar silver, 65%; Mexican dollars, 50% 11.—Bar silver, Money, 2% per LONDON, April 31 13-164 per ounce. cent. ee Cash Grains. CHICAGO, April 11.— Wheat—No. 2 hard, $1.25; No. 3 hard, $1.24. Corn—No. 2 mixed, 80% @80%c; No. 2 yellow, 80% @81%c Oats—No 2 white, 46@47%0; No. 3 white, 45% @dc. Ryo—No. Pa 85% @860. Barley—62@64%4c. Timothy seed—$5.00@6.00. z Clover seed—$13.00@18.50. Pork—Nominal. Lard—$11.52. Ribs—$9.62@ 10.50. Money NEW YORK, April 11—Call money easier; high 5; low 4%; ruling rate 5; closing bid 5; offered at 5%; last loan 5; call loans against acceptances 4%; time loans firm; mixed collateral 60-90 days 5%; 4-6 months 5%; prime com: mercial paper 5@5%. i eS Chenille Rugs with bordered ende— very attractive and the prices aro lower at Graham-Shields Furniture Co., 133 East Second. Jewelry and watch repairing by ex- pert watchman; all work guaranteec. Casper Jewelery Mfg. Co. O- SBidg. WANTED I have eastern connections that are in the market for Wyoming light oil produc-~ tion, leases and permits. No deal too large for them to itimdre & Ohio Bethlehem Stee] anadian Pac.fic Central Leather ‘handler Motors shesapeake & Ohio Chicago, Mil, and St, Paul: hicas R. I. & Pac. -..~-. Chino Copper ‘olorado Puc! & —oamnceenen= 50K IUinals Central inspiration Copper ---. nternational Harvester nt. Mer. Marine Pfd International Paper - 47% invincible Olt 2... 17% Kelly-Springfield Tire. 57% Kennecott Copper -. Nouisville & Nashvili Mexican Petroleum Miami Copper Middle States Oi Midvale Steel - \MUssourt Pacific Northern Poific ‘ahoma Prod. -ure Oil Ray Cons Reading ee Yep. Iron & Steel Royal Duteh, N. Roebuck y Con. Ofl jouthern Ps thurn Railw ndard Oil of te 4 ie 48 Toxas & Pa 2475 Tobacco Produc 83 Transcontinental 4 Union Pacific United Retail Stares U. 8, Ind. Alcohol ~ United States Rubber United States Steel -. American Zinc, Lead nd Sm. Sutte an@ Superior = 32 ‘ala. Petroleum - 91 ontana Power — 67% | attuck Arizona - 9 at Northern Ore 83 sao Northwestern 80% xwell Motors B 19% onsolidated Gas 65% \merican Linseed 30% vosden 55 ndiana, Nat. Tran. N. ¥. Tran. Nor. 108 Ohio Ol .. % rrairie Of — 225 Prairie Pipe 1 Salar Ref, 200 110 48 9645 255 43% 310 50% 167 61% Potatoes POTATOES— CHICAGO, April 11.— Potatoes steady; receipts, 91 cars; total United States shipments, 914; Wisconsin sacked round whites, $1.00@1.15 owt.; ditto, bulk, $1.10@1.20 cwt.; Minne sota sacked Red Rivers, $1.15@1.25 cwt.; Montana, Idaho sacked Russets, $1.90@2.00 cwt.; South Dakota sacked whites, ordinary quality, 900 cwt. ——$—» | Foreign Exchange NEW YORK, April 11.—Foreign ex- changes firm; quotations in cents: Great Britain demand 4.66 5-16; cables 4.66 9-16; 60-day bills on banks 4.64%. France demand 6.68; cables 6.68% Italy demand 4.97; cables 4.07%; Bel- gium demand 5.75; cables 5.7544; Ger- man demand .0047%; cables .0047%. Hoi'and demand 89.14; cables 89.17, Norway demand 17.93; Sweden 4 man 26,60; Denmark demand 18.97; Switzerland demand 18.25; Spain ¢e- man 15.32; Greece demand 1.18; Po- land demand .0034%; Czecho-Slovakia demand 2.98; Argentine demand 36.75; Brazil a 4 10.70; Montreal 98 1-32. Butter and Eggs CHICAGO, April 11,—Butter lower; creamery extras, 470; standards, 47c; swing. j J. C. ROBERTS f Hotel Henning. | extra firsts, 46% @46%c; firsts, 45% @ 46c; seconds, 45@45%4c. Eggs firm; receipts, 21,649 cases; firsts, 25@25%4c; ordinary firsts, 23% @2ic; miscllaneous, 24% @25c;_ stor packed extras, 27140; storage ed firsts, 27%c. | Western Oil Fields___—- | Western States | Fourth 4%= 16 29 24 43 Columbine ~~ 15 Consolidated Royalty —1.46 Capital Pete —_-._.. .00: Caw. Guicty soso it Domino .. Kinney-Coastal — Mountain & Gulf -.. Y ou ee) . NEW YORK CURB CLOSING Mountain Producers -$ 17.12 $ 17.25 Glenrock O11 1.81 Salt Creek Pras, - 23.00 Salt Creek Cons. ---. 12.00 Marine new 5.00 Mutual 12.25 i 62.75 63.00 Victory 4 Crude Market Rock Creek Salt Creck |Lance Creek | Cat Creek Osage -- Big Muddy Muie Creek Hemilton Livestock Chicago Prices. - CHICAGO, April 11.—{U. S. Depart ment of Agriculture.) — Hogs—Re ceipts, 26,000; uneven, opening weak to 10c lower; later trading mostly 10c lower; spots off more; bulk 160 to 220 pound averages, $8.30@8.40; top, $8.40; bulk 225 to 269 pound butchers, $8.20@8.30; butchers 275 pounds and up, $7.90@8.15; packing sows, mostly $7.00@7.30; 100 to 130 pound pigs $7.00@7.50; heavywelght hogs, $7.90@ medium, $8.15@8.40; light, $3.00 light Mght, $7,00@8.30; pack pack rough, $7.00@7.15; killing pigs, $6.50@7.65. Cattle — Receipts, 10,000; slow; strictly good and choice beef steers and yearlings, steady; bidding lower on plainer kind; early top matured steers and long yearlings, $10.00; 70 head fed Herefords on sh!pping ac count at $10.00; some steers held above $10.00; other classes, generally steady; packers bidding $8.50 for de- sirable vealers; medium light veals tending lower; moderately active de day at $7.90@8.20; a few loads fleshy feeders making $8.35@8.40; few plain stockera, $5.75; plain stockers and feeders in narrow demand. Sheep — Receipts, 12,000; opening slow; few sales clipped lambs, steady; five loads 85 pound medium to good description, $10.75, with heavies at $10.00; one load cholce Indiana fed 80 pound shorn lambs, $12.00; practically nothing done on wooled lambs; ask- ing higher prices; bidding steady to shade lower; sheep, scarce, around steady; one load 120 pound aged clipped wethers, $8.50. Omaha Quotations. OMAHA, Neb., April 11—(U. 8. De- partment of Agriculture.}—Hogs—Re ceipts, 17,000; mostly 5@100 lower; bulk butcher hogs, $7.80@7.85; top. $7.90; packing grades, steady; bulk packing sows, $7.00; stags, $6.00. Cattle—Recelpts, 7,500; beef steers, slow, mostly steady; spots on medium grades, easier; top fed steers, $9.50; bulk, $8.00@9.00; other classes of killers, unchanged; bulk cows, $5.00@ 6.50; stockers and feeders, steady; top feeding steers, $8.00. Sheep — Receipts, 14,000; lambs. slow, stead, bulk wooled lambs. $13.85@14.15; best held at $14.25; fed clipped, $10.75@11.00; sheep and feed. ers, strong to 25c higher; ewe top, $9.00; early sales, shearing lambs, $13.25@13.85. Benver Prices. DENVER, Colo., Receipts, 200; market steady; beef steers, $7.00@9.25; cows and heifers, ers and feeder Hogs—Receipts, 2,000; market 100 to 18c lower; top, $8.00; bulk, $7.70@ 7.85; pigs, $6.75@7.00. $6.50@8.00. Sheep — Receipts 2,900; market steady to strong; lambs, $12.75 13.6 feeder lambs, $12.75@13.50; ewe $4.50@8.50, _—_— Heavyweight mattresses in single or full size at $8.50 at Graham Shields Furniture Co., 133 E. Sec where prices are low. Why pay m Heavy Liquidation of Many Issues Reported on New York Exchange. NEW YORK, April 11—Heavy professional selling of the oil shares, based on cuts in California and Pennsylvania crude prices and rumors of cuts in other fields, imparted a decidedly réactionary trend to prices in today’s active stock market, Ex- treme losses in the oll group ranged from 1 to 6 points with more than half a dozen of the popular issues falling to new low levels of the year Other stocks yielded in sympathy. but the declines were not as sharp. Sales approximated 1,125,000 shares, a eae i NEW YORK April 11—Publie in- New High Quotations for the Season Are Recorded on Chicago Market. CHICAGO, April 11.—New high price records for the season were reached in the wheat market today by July and September deliveries. Demand suddenly broadened, and there was unconfirmed gossip that export business had been done on a large scale, The close was unsettled, 2%c to 2%c net higher, with May $1.24% to $1.24% and July $1.22% to 31.22%. CHICAGO, April 11.—With rain falling ovr parts of Kansas and Ne braska, wheat declined in price today in the early dealings, after a show terest again appeared to be lacking of strength at the start. Comparative at the opening of today’s stock mar-|rmness of Liverpool quotations was ket, initial changes being narrow and|more or less responsible for the rregular. Resumption of selling | initial strength here. Heports that pressure in the domestic oll shares / seeding of spring wheat would hardly mand on country account late yester- |’ April 11.—Cattle | $4.50@7.75; calves, $4.60 12.00; stock: | | Don’t sell your stocks under market, come see me. was founded on reports of a cut of! 25 cents @ barrel in Pennsylvania | crude prices. Dupont ndvanced a| point and fractional improvement was noted in most of the steel shares. Heavy offerings of the oi! shares| continued during the first half hour. Losses of 1% to 2% points were re- corded by California Petroleum, Pan- American Philips Petroleum, Mar land, Houston, Producers and Re finers and General Asphalt. Standard O11 of California dropped % to a new low for the pear. American Woolen and American Can also were conspic- uously heavy. American Cotton Ol) advanced 114 and the preferred 2 on reports of an early merger of that company with two other large com- panies in the same industry. Sugars held steady on a continuation of the high prices for Cuban raws. Foreign exchanges opened firm. Demand ster- ling was quoted around $4.65% and French franca advanced 5 points to 6.65 cents. of the losses in the off group be general for ten days yet tendec also at first to put bears at a advantage The opening, varied from unchanged figures to Ke higher, with May $1.21% to $1.22 and July $1.19% to $1.20, was followed by slight further gains and then drop all around to below yester finish. Subsequently {t developed that no moisture had been supplied to the dry sections of the winter wheat belt Then the market began to advance influenced by bullish crop reports and by cold weather northwest as well as by talk of big export business. Corn and oats descended with wheat. After opening unchanged to Yc to Ye off, May 77%c to , the corn market hardened a trifle, and then underwent a general sag. Later, all deliveries of corn as well as July and September oats scored new high price records for the sea- son, Predictions were current that corn would soon be rapidiy shipped out of Chicago. Country offerings of were extended to three points before the selling pressure subsided. it ~ When evident that the selling st causing any extensive liquid- fon in the balance of the list, specu- tors for the advance began to bid al stocks which juced »perations by th General Elec % points and Ca G Cree! Consolidated ¢ Mac Sate ore SoA th Martin Parry sold 1 to 1% points Resmi rat Bp] higher.” O11 shares rpilied. % to 4 Sopa tana ss Ta01g0 | Dont but selling on the sist = ate rally, Calif oleum dropping last night's close dat 5 per cent. Closing out « y margined ac- counts in the oll shares threw a con- siderable amount of additional stock on the market and several more of the group sagged to new prices for) the year, with losses running’ from | 3to 4 points. Weakness in the gen-| eral Ust became quite defined in} spots, some of the speculative fa-| vorites, especially Baldwin, Stude- baker, American Can, Republic Steel and United Retail Stores yielding sharply. Speculation became quiet later and prices hardened slightly. The closing was heavy. in a few individual stocks in the late iealings but the general list continued under selling pressure. Dupont up one, wab one of the strong spots u, | the course of hog vi hed | Short | covering operations resulted in rallies | corn remained light. The close was | firm, 2%c to 2%@2%o net higher, | May %o. j Oats started unchanged to %c higher, May 454¢c to 45%o, and later showed losses on all deliveries. Provisions were ler, reflecting us Low 1.21% July 1.19% } Sept 1.181% Co! May 17% | July 79% Sept. 50% Oats— May July Lard— May July Ribs. May YOURSUPPLY STORE io. se or-Tr je OCA { Metals NEW YORK, April 11.—Copper easy; electrolytic spot and futures, 17% @17%c Tin firm; spot and nearby, $47.6: ‘utures, $47 Iron steady; prices unchanged. Lead steady; spot, $8.25. Zinc steady; East St. Louls spot and nearby delivery, $7.45@7.50. Antimony spot, $8.00@8.75. joc id ake eh a phah Aas Flax Seed. DULUTH, Minn., April 11.—Closing flax seed, May, $3.27% asked; July, $3.16% asked. SWAN . UNDERREAMERS : AT.YOUR SUPPLY STORE Bessemer offered at 28c. | for any part of 500,000 sh mer Oil Company. | | I will pay you market pric | to sell. Also will sell any part 3,000 Anna Bell Wyoming at 18c share. BLAS VUC 304 East Fifth Street or He A local broker quoted in Sunday morning’s Herald stock at 29c a share all last week and will pay 29c Also I will pay 11c per share for any part of 400,- 000 shares of Domino Wyoming. Stock must be de- livered within two days after I purchase. shdanes aeatiicnT* SENG CUTTERS” | Surveying aud Locations Geologists Oil Experts Oil Field Maps, Blue Prints WYOMING MAP AND { BLUE PRINT CO. | P. O. Box 325 Room 10, Daly Bidg. Am interested in state leases and permits in the new San Juan field of New Mexico. Have a good bet in state leases at $2.50 per acre. J. C, ROBERTS Hotel Henning I was buying Bessemer ares of stock of the Besse- ce for any stock you wish UREVICH nning Hotel—Phone 1419 French Republic, 7%s ——. Kingdom of Belgium, Tiga Kingdom of Be!gium, 6s Kingdom of Norway 8: U. K. of G@. B. and L., 5% U. K. of G. B. and L., 5%, American Sugar, 63 American Tel., and Tel, cv. American Tel. and Tel., co \rmour and Co., 4% Baltimore and Ghio c. Bethlehem Steel ref., 63 _ Bethlehem Steel p. m. 68 Canadian Pacific deb., 5s ——. Chicago, Burlington and Quincy ref. Chicago, Mil., and St. Paul cv. 4 Goodyear Tires, 8s, Goodyear Tire, 8, Grand runk Ry. Great Northern Great Northern Mo. Kan. and T Missour! Pacific, Montana. Power - New York Central deb., 6s thern Pacific pr. lien 43 — Oregon Short Line gtd., 5s ctts 8, 19) Dregon Short Line ref., 43 Penn, R. R. Gen., 6448 - Penn, R. R. Gen., Reading Gen., 49 - Sinclair Ol Co, 74s Standard Olt of Cal. del Union Pacific first 4s CG. §. Rubber, Tis - U. 8, Rubber, bs - Utah Power ‘and Light, Western Union, 6341 Westinghouse Electric bs CASING AND TOOLS Can make 30-day delivery in car lots on following sizes and weights: 1214-inch, 50 Ib., 10-inch, 40-Ib., 84-inch, 24 and 82 lb., 65-inch, 20-lb. All new Cali- fornia special pipe. Have over 30,000 feet A-1 used casing . Have several] strings Standard drilling tools with rigs complete. Also have Stars, Nationals and Lei- decker. New Star rigs complete on liberal terms. J.C. ROBERTS HOTEL HENNING “35 Years in the Oil Game” Fortunes For You In the Red Desert and Lost Soldier Fields You have never seen a time that offered you larger immediate opportunities. You have never seen a time when it would pay you better to sit down and reason the logical conclusion of an investment. If you will do this and dollow it by decision and action, you will be among the fortunate ones to be counted in on the big money-makers of 1923. We do not cate whom, what, or where you are. If you have failed all your life, it does not matter. It is immaterial whether you are young or a long ways down the trail, If you have the WILL POWER and BACKBONE, you can create success. Forget that grim fate of bugaboo. There is nothing in your way except yourselfi—the hand of mankind is not turned against you. Your road may be uphill, but it is day- light throughout life to the man with the WILL POWER and BACKBONE, Today the RED DESERT and LOST SOLDIER FIELDS are huge bargain counters, where fortunes may be bought for a few dollars. $20 invested now in ninety days may mean a small fortune. A dollar can work for you easier than you worked for it, and it can earn another dollar easier and quicker than you. Why not let your dollars get busy? Interests are now for sale on leases with one well almost completed. THIS IS YOUR OPPORTUNITY, for it has more than promises to spread before you— it has unquestioned integrity. We invite investigation. INVESTIGATE BEFORE YOU INVEST. Write, Wire or Phone 1956 Anna Bell Wyoming Oil Co. Room 220, Midwest Blz. Casper, Wyo.