Casper Daily Tribune Newspaper, April 12, 1923, Page 9

\ THURSDAY, APRIL 12, 1923. Che Casper Dally Cridunc PAGE NINE STEADY INCREASE IN U.S. OIL PROUCTION Gain of 33,700 in Daily Pipeline Runs for Week Ended April 7, Reported by American Petrol- eum Institute in Report Made Today NEW YORK, April 12.—The daily average gross crude oil production of the United States increased 33,700 barrels for the week ended April’7, totalling 1,942,150, according to the American Petroleum Institute. The daily average pro- duction east of the Rocky an increase of 18,700. Mountains was 1,222,150 barrels, California production was 720,000 barrels, an increase of 15,000 barrels. Oklahoma-Kansas showed a datly average gross production of 515,100 barrels, an increase of 12,100; north ‘Texas showed an increase of 2,950; central Texas increase of 8,350; north Louisiana a decrease of 650; and Arkansas n decrease of 4,900. Mid-continental crude oi! was un- changed, being quoted at $1.50 to $2.60 a barrel, according to the gravity of the oll; Pennsylvania di tricts were reduced 25 cents a barrel, Bradford district Pennsylvania, now being qooted at $4 a barrel. Gulf Coast crude was unchanged at $1.75 @ barrel. California crude was re duced from one cent to four cents a barrel, depending upon the gravity of the oll with no change for heavy crude and on a schedule ranging from 60 cents a barrel to $1.04 a barrel, Zhe imports of petroleum (crude and refined olls) for March totalled 8,637,000 barrels, Western States Brings In Two Good Wells In Week Two good completions, one in the Salt Creek field and one in Mule Creek, are reported in the weekly drilling report of the Western States company. No. 30-A, on the northeast quarter of section 6-29-78, in Salt Creek, started flowing this week at from 260 to 400 barrels from a depth of 2,670 feet. A shot made a week ago in the well had failed to prdduce re- sults, The company is now swedging the pipe and no test on the well has yet been made. No. 8 on section 19-36-60 In Mule Creek, was drilled in at 1,440 fect with a flush production of 75 barrels, an ‘average producer for this fleld. No. 6 in the Mule Creek field down to 1,325 feet and should be early completion. In Salt Creek No. 29-AX on the northwest quarter of section 17-39-79 is cleaning out and {s showing for a good well. No. 19-A on the northeast quarter of 8-39-78 is drilling at 700 feet. an Midwest Records No Well Completions In Last Week No completions in the Salt Creek field are reported by the Midwest Re- fining company this week and there is little change in the status of the wildcat wells. The drilling report on the Baxter Basin and wildcat wells ts as follows: Midway test well No. 2, depth 4,513 feet, shut down awaiting arrival of 4%-Inch casing. Nieber Dome test well, depth 2,220 feet, drilling and underreaming. Baxter Basin. ‘Well 1-X, northeast quarter of sec- tion 36-18-104, depth 1,900 feet. ce- mented 12%-inch, now drilling cement out of pipe. Well 29, southeast quarter of sec- tlon 26-18-104, depth 1,545 feet, drill- ing and cleaning out. Late Developments In Oil Fields of Montana Region Oll developments in the Montana oll felds for the last week are sum- marized briefly as follows by the Inland Oll Index: Second test of Murray Bros. on Broadview Dome {s drilling around 3,800 feet and supposed to be at sal base of the third Colorado sand. Charles Wheeler et al., one mile west; of the Murray test ts drilling around; 3,600 feet. It ts stated that British capital will drill a test on the Blarney Castle Dome south of the international boun- dary line. It will be put down by the Spartan Oil compan; Homestake Exploration company is Grilling below 2,000 feet on Bowdoin structure and has had several show- ings of gas. Production is expected around 2,600 feet. Homestake Exploration company Js constructing a 9-mifle water ling to furnish water to the Keyin-Sunburst field from Beaupre Lake, The pro- Ject will cost about $75,000. California company ts hauling ma- terial from Harlowton to the middle dome of the Shawmut structure where a test will be started within the next 30 days. Hogan interests have completed No. 2 Helmerich’s at 1,435 feet and it floks by heads. Production has had to be shut in because of a lack of) storage. Test of the Beardslee-Dutton syn- Aicate on Teton Ridge fs drilling at about 1,800 feet having cased off water at 1,750 feet. beds have been entered by the drill in the joint test of the Northfield and Reliance companies on the Genou structure, north of Great Falls. As this Soreness baby found near the top of t Madlson limestone, it will soon be known whether the well {s productive or a failure. It !s now drilling below 2,600 feet. Date of the sale of Independent Pipe Line from Cat Creek to Winnett has been postponed from April 18 to April 21. Besides the 6inch pipe line from Cat Creek to Winnett, a dis tance of 19 miles, there is included 11,600 feet of 2-inch pipe, 6,600 feet of 8-inch pfpe, several lots in the town of Winnett and all the loading racks on the ratircad tracks at ‘Winnett. Construction work is in full swing by the Sunburst Refining company plant in Great Falls, Kaw Rotter Works has been awarded contract for the boilers, stills, condenser’ hoxes and some of,the tanks, Plans have een changed and the pinnt will have a@ charging capacity of 5,000 barrets per 4iny instead of 1,000 as first announced. Reports of of] pipe line companies operating in Montana in February follow: Mutual Oll company from the Cat Creek to Winnett, 127,025 barrels. Illinois Pipe Line company, from Kevin-Sunburst to Sunburst station, 10,171 barrels. ‘Welch & Worland of Denver have taken over 80 acres from W. H. O'Haire of Sunburst for $16,000 and 160 acres from Wilmer Jeanette of Great Falls, for $12,000 in the Kevin. Sunburst field, and announce that they will drill six wells on same, work to begin immediately. (SME SS Finding of ofl by the Schwartz Syn- dicate in the NW of section 8-24-lw at 1,510 feet in the Ellis sand, and by the Homestake Ol] company on the Howling lease at 1,704 feet fn the same sand, has extended the field about four miles to the southwest from Kevin, With the opening of spring, it is expected that more than a dozen new tests will be started for the third sand at Cat Creek. Frantz, Mutual and Mid-Northern will all drill several tests each, Mountain Chief O!l1 company has taken over test started by Tip O'Neil! on the Milk River anticline and wil! complete same. Hole has been stand: ing for some time with 15%-inch cas- ing set at 1,000 foot. Potiatch Oll syndicate will drill tte Well on section 16-35-lw deeper, to test out lower formations. It has about a five-barrel well at 1,472 feet in the Kootenal sand. It {s reported that the Minnesota- Flatwillow Potroleum company will Grill a test couth of Winnett nenr tho Pipe Creek Arch, Material is now being hauled to the location, Now that the Midwest interests have taken over the Barnsdall and other holdings in the Lake Basin dis: trict, northwest of Billings, it is ex pected that this territory will be given a thorough test dur! ho summoer, Potatoes CHICAGO, 12, — Potatoes slightly “stronger; receipts, 64 cary; total United Btates shipments, 6755 Wisconsin. sacked found whites, 91,1001,20° owt; ditto, bull, $1,150 1.20 owt.; Minnesota wacked Hed River Chios, $115G1,25 ewt; ordinary, $1.10; Idaho sacked Rurals, $1.80 owt; Idaho sacked Russets, §1,0061.10 owt; taney, $1.25 ewt, New York Stocks Allied Chemical & Dye 72% Allis Chatmers -._-___-#= 48% American Beet Sugar -.-- 44B American Can ---___.. 96 American Car and Foundry - 179% American Hide & Leather pid 63% American International Corp . 31% American Locomotive ------- 133% American Smelting & Refg. -. 63 American Sugar --._.. 79 American Sumatra Tobacco - 30B American T. and T. -.__--. 122% American Tobacc3 152% American Woolen ----.. 99% Anaconda Copper ens Atchison a Atl., Gulf and West Indies —. Baldwin Locamotive 187% Baltimore and Qhio 5o% Bethlehem Steel B 65% Canadain Pacific 149% Central Leather 34% Chandler Motors 70% Chesapeake and Ohi Chicago, MM, and St. Chicago, R. I. and Pac. Chino Copper Paul Colorado Fuel and Iron ~.._.. Corn Products Crucible Erle -.. Famous Players Lasky -----. 87% General Asphalt Seren atte General Electric - 18% General Motors - 15% Goodrich Co. . Hs 35 Great Northern pi a Iilinols Central —.. - 113% Inspiration ,Copper 37% International Harvester 8844B Int. Mer. Marine pfd. - 38% International Paper -. - 49 Invincible Oll - 17% Kelly Springf! 60% Kennecott . Capper 40 Louisville and Nashville - 142 Mexican Petroleum - 289 Miam! Copper _ - 30% Middle States O11 - 1% Midvale Steel - 32% Missouri Pacific 18 New York Central - 9344 2 . N. H., and Hartford .. 18% Norfolk and Western - 110% Northern Pacific Oklahoma Proé and Ref. — Pacific Ott Pan American Petroleum Petin: People's Pure 14% 76 Rep. Iron and Steel —._ - 64 Royal Dutch, N. Y. -. 61 Sears Roebuck 86 Sinclair Can Olt 3485 Southern Pacific 90 Southern Ratlway Standard Oj lot Studebaker Corporation Tennessee Copper - Texas Co. -..-.. Texas and Pactfic -. Tobacco Products Transcontinental Oil -. nion Pacific ---—. United Retail Stores U. S. Ind. Alcohol -.. United States Rubber -. United States Steel -. 2 Utah Copper -------. men anan-- 69% Westinghouse Electric -...... 59% Willys Overland ------_.. 7% American Zinc. Lead and Sm. . 16 Butte and Superior Cala Petroleum Montana Power Shattuck Arizona Great Northern Ore Chicago Northwestern Maxwel! Motors B Consolidated Gas -. American Linseed Oil Cosden Standard Oil Stocks Anglo —- 16% 16% Buckeye ns - 89 90 Cumberland -..-.... 111% 112%! Galena .. 67% Tilinois ~.. 165 Indiara, 100 Nat. Tran, oceasncsene’ 35 N.Y. (Tren ae 18L NOR,” FADO. cacceecdpae On Ohfo Ol .. es | | Prairie Of) . 2... 315 Prairie Pipe -- 108 Solar Ref, —.......... 198 South. Pipe ill 6. O. Kan, 45% oe pe Ss, 8. 8, O. pf ET 8. O. Ohio ~....-. 3806 Vacuum -... GS. PB. Obl) ccacescsosses 100 8. O, Ind, ..... 61% 62y Foreign Exchange NEW YORK, April 18—Ioreign ex- changes irregular quotations in cents; Great Britain demand 4,65%; cables 4,06; 60-day billa on banks 4.63 13-16, France demand 6.68%; cn. bies 6.69, Italy demand 4,97; cables 4.87%, Beigiom demand 5.77%} ca- bles 5.78, Germany demand .0047%: enbles .0047%; Holland demand 80.11% cables 80.14%; Norway demand 17.03; Sweden demand 26.58, Denmark 18,68; Bwitwerland demand 18,1844: Spain demand 15,81; Greece demand 1,17; Poland demand ,0084; Caecho- Slovakia, demand 9.97%; Argentine de- mand 66,75; Beas!l demand 10.75; Mon- treat Money NEW YORE, April 18.—Call money easier; high 6; low 4; ruling rate 6; closing bid 4; offered at 414; last jean 4; eal! loans against aeceptances 444; time ieang fivm; mixed collateral 66- 60 days 64%; 46 months 6%; prime | b: commercial paper 545%, LOCAL OIL STOCKS ry ‘Asked Bessemer -—__. ____. .23 25 Big Indian —_______ 24 26 | Boston Wyoming 1.00 1.25 Buck Creek ----—--_ 16 18 Burke aes Te 32 Black Stone Salt Creek 24 . 26 Chappell --__ ___. 44 45 Columbine —__ “15 Brig Consolidated Royalty— 1,46 1.43 Capital Pete 00% Cow Gulch 103 | Domino “18 * Mkhorn -s --- ae, 06 ‘ T. Willams 40 S21 | Frantz -___ —______5.00 5.50 {Gates se 205 | Kinney 238 | Jupiter 01 | Kinney Coast 32 Mountain & Gulf -___. . Lance Creek Royalty. 204 | Lusk Royalty - 103 Mjke Henry ~ 202 Mountain & Gulf —— 1.64 Outwest ~-.-.. 100% New York Oi — at | Red Bank 14 Picardy -. 206 } Royalty & Producers 11 12 Sunset —_. 02 203 Tom Bell ¥ 01 02 | Western Exploration. 3.75 4.00 | Wyo-Kans, -_____ aan) 15 | Western Oil Fields. 10 Western States 27 yon as. 08 10 NEW YORK CURB CLOSING Mountain Producers -$ 16.62 $ 16.87 Glenrock Oil —-. 1,08 1.12 Salt Creek Pris. - 22.37 22.62 | Salt Creek Cons .--. 11.87 12.12 | Marine -. 5.00 5 | Mutual 12.12. 12.25 |S. 0. Indiana 62.50 62.75 | Cities Service Cum. ~ 164.00 166.00 New York OM — 14.00 15.00 Mammoth -— 49.00 LIBERTY sonns Sis | Firet 4s Second 4s \ First 44s | Second 4%s Third 4%s --—. Fourth 4%s Victory 4%5 Crude Market | | Rock Creek ---. { 1.75 Salt Creek 1.65 | Lance Creek —--—-----_-=—- 3.10 |Cat Creek -—-—. 2.15 5 | OBR BO an es 2.10 Big Mud@y -—--—________--— 1.65 Mute Creek aeeewsi lO Hemiiton .. mone == $1.65 Grass Creek rome --= 2.10 Terchiight --—---—--------—----- 2.10 2.10 Elk Basin ~------—--——---—-— Greybull Sunburst -----—--—_.._—_-—. Livestock Chicago Prices. CHICAGO, April 12.—<U. 8. Depart: ment of Agriculture.) —Hogs—Re- celpts, 29,000; slow, steady to 10c higher; big packers buying sparingly: bulk 160 to 229 pound averages, $8.30@8.45; top, $9.50; 225 to 328 pound butchers, $8.10@8.30; packing sows, mostly $7.15@7.40; desirable 110 to 130 pound pigs, $7.00@7.50; heavyweight hogs, $7.95@8.80; me- dium, $8.20@8.50; Mght, $8.10@8.45; light lght, $7.00@8.35; packing sow smooth, $7.10@7.50; packing sows, rough, $7.00@7.15; killing pigs, $6.50 @7.65. Cattle —Receipts, 18,000; killing classes, slow; beef steers, she stock, weal to 150 lower; plainer grades re- flecting most decline; bidding 25¢ lower in instances on low price year Ungs early top matured steers, $10.00; some held higher; several loads handy and heavy steers, $9.35@9.90; best yearlings, $9.60; bulk beef steers of quality and condition to sell at $8.00 @9.50; bulls, steady to strong; bid: ding lower on veal calves; stockers and feeders, dull; packers bidding around $8.00 on desirable veal calves. Sheep — Receipts, 13,000; opening very slow; few early sales wooled lambs, around steady at $14.25@14.40, for 84 to 87 pound averages; asking higher prices generally; practically no spring lambs offered; sheep, scarce; two loads desirable Texas wethers, $9.00, Omaha Quotations. OMAHA, Neb., Aprit 12.—(U. 8. De- partment of Agriculture.) — Hogs— Receipts, 17,000; butcher hogs, mostly So higher; spots 100 up; bulk, §7.85@ 7,90; top, 87. packing grades, steady; bulk sows, Cattle—Reoeipts, cows and heifers, 10@150 lower; bulls, slow; veals, 25@6590 lower; stockers and feeders, un Gheep — Receipts, 10,500; lambs, slow; bidding steady; $14.25 bid on best wooled Inmbs; sheep and feed- erm, steady; ewe top, $8.00. Denver Prices, DUNVUR, Colo,, April 12—Cattle— Receipts £00; market ateady; beef steers $709.95; cows and heifers §4.50 7.75; onlven $4.60@12; wtockers and fesdera §6,5008, Hogy—Meoolpta to fa higher; top 7.00 Bheep—Rocelpta 4,800) market 190 to 180 higher) Iambm §13.75@19,75; focdor lambu §1.15@13.60 ewes $4.50 Gnas, 600; market atenty 05; bully §7,75@ —_—_ EW YORK, 65%) April 19,—Fereign Mexisan dollars, silver, bu. OLS RECOVER INN. TRADING Increase in Demand on New York Exchange Is Marked Today. NEW YORK, April 12.—Prices showed moderate tmprovement in to- "s stock market and a subsistence ing pressure in the ofl shares. Ol shares made good recovery from yesterday's weakness despite a cut in Ohio crude pric Sales which were considerably reduced approximated 710,000 shares, NEW YORK, April 12.—Opening prices in today’s market were irregu- lar. Short covering operations re- sulted in moderate gains in some of the of] and equipment shares, but this was counteracted by selling in other quarters, some of it from im: paired marginal accounts. Baldwin and Mack Truck each advanced a oint and Dupont moved up %. Pull man, Crucible and Studebaker were slightly reactionary. fhe price movements {xed in the early trading. Miam Copper advanced 2% points and ga of a point or more were registered b; Consolidated Tobacco Produc! continued Pacific Oil and Punta Alegre Sugar. Mexican Petrole ordinarily in ictive, opened 3 points above the previous sale, Skelly Oll and Amer can Chain class A stock each dropped a point to a new low record for the year. Gulf States and Republic Steels, Utah Copper and American cultural Che 1 so were ° Foreign exchanges opened eady. Demand sterling was un French fran: nts, elded 1 point to 6. The trregular price movement con tinued throughout the morning, scat ered selling in various sections of he let being u short covering as a screen for rations elsewher¢ Sales were on a considerably reduced scale. Partial recovery from recent heaviness was made by most of the oil, independent steel, equipment and food shares, the gains ranging from 1 to 1% point Trading in rat shares was sluggish and mixed Reading second preferred advanced 2 points and New Orleans, Te Mexico 1%, but Jersey dropped seven points and and Hudson 1%. American Delaware broke five points and marked heavi ness was noted in some of the spe clalties and local tractions. Cal! mon opened at 5 per cent. ther because of the outeome of 1 stronger technical position produced by yesterday's selling movement or in. Uifference to trade conditions, prices of oll shares continued to rise in the afternoon, despite the announcement of @ reduction in prices of Ohio crude. Kelly Springfield wag heavily bought, scoring gain ef 3 points. Dupont WHEAT CLOSE lO UNGETTLED July and September Touch} New High but Trading Is Irregular. CHICAGO, April 12—with pront taking sales largely in evidence, wheat averaged lower in price today | during the early dealings. Rain in} Oklahoma and prospects of moisture ewhere southwest had some bear- ish influences. Offerings, however, | were readily absorbed by commission | houses, and the market was far from | being one sided. The opening which ranged from %o to %c lower, with May $1.23% to $1.24 and July $1.22 to $1.22% was followed by a slight further decline and then by transient rallies that {n some cases lifted the market well above yesterday's finish. Subsequently, sellers became scarce at times, and July and September | touched a new high price record for ason. The fact, however, that July was up nearly seven cents in a week led to a reaction. The close was unsettled, at %c net decline to eo advance, with May $1.24% to $1.24% and July $1.22% to $1.22 Corn and oats swayed with wheat. | ading was on a lberty scale. Afi pening at 1c decline to %c advan May 80%c to 80%c, the corn market| recovered to about yesterday's latest! figures. Later, all deliveries of corn and July and September oats went above the season's previous highest prices. Then, profit taking brought about a setback, The close was unsettled, at he same as yesterday's finish to X%c the ower. 80% @% to 80%. | 8 started a shade to %o off, ay 46%c, but recovered. Provisiona were firm in line with hog values. Open Hight Low Close Wheat— May --—_ 1.23% 1.25% 1.23% 1.24% 1.22 1.23% 1.21% 1.224% Sept —— 120% 1.22% 1.20% 1.21. | Corn— | May 80% 80% 81% 81% 82% 6% 45 (45% 47% ACH AO AG% 4544 45% a . 11.60 11.80 11.75 11.80 Ribs— May ~--10.03 10.10 10.03 10.07 July .-—-10.35 10.42 10.85 10.87 Cash Grains. CHICAGO, April 12—Wheat No. 1 hard 1.26%; No. 1 northern $1.25%. Corn No. 2 mixed 82@82%; No.| 2 yellow 82%4@83%. Powder and Atlas Powder advanced 2% and 8 points, respectively, to new high figures for the year. The closing was irregular. Further ‘Mquidation in the high price shares induced some selling in other quarters in the late dealings. Jersey Centra extended its loss to 9 points and American Express to EINSTEAIN GETS NEW SUPPORT (Continued from Page One) placings in relation to the axis of the earth. Dr. Paul R. Heyl, in charge of the experiment, used scales so delicate that they are abla to de tect a welght differfeno of ona part in a billion of even the ematiest precious stones, According to the older theorics of gravity a topaz or a diamond crystal might be expected to vary in weight when the direction of its axis was changed from a position vert.csl to the axis of the earth to a > «ition horizontal to that axis. The Minstein theory, which has challenged the Newtonian theory of gravitation tn some respects leads to mn expecta- tion that the crystals would not vary ‘n weight under any conditions. So far Dr. Heyl in his weighing has been unable to find any of the weight dit ferences which the Newton explana tion of gravitation would tmply. The crystals used have been ar ranged on the balance fo (delicately that they can be turned without re- moving them. The scales aro en closed in a small room nnd operated by long rods which extend throug} « hole in the wall, in order that even the heat radiating from the opera tor’s body may not affect the result. a Metals NEW YORK, April 12, — Copper easy, electrolytic spot and futures at UK @1T%, Tin easter; spot and futures 46.87, Iron steady; prices unchanged, Lead steady; spot $4.25, | Zing ateady, East St, Louis spot and near by delivery §1.457.50, Antimony apot 8.60, Cotton WHEW YORE, April 13.—Cotten spot quiet; middiing 29.65, | cel Reine | Flax Socd, DULUTH, Minn,, April 1%,—Clow| ing flax seed May $6.29 avkecy July| 43.18% asked, Oats No. 2 white 47% @45; No. 3) white 46% @47%. Rye 82% @87. Barley 62%@71. Timothy seed $5.00@6.50. Clover seed $13@18.50, Pork nominal Lard 11,57. 9.62@ 10.62. Ribs Sugar NEW YORK, April 12—Sugar tu- tures clsoed unsettled. Approximate sales 51,000 tons; May 5.86; July 6.06; September $6.20; December $5.85. The Market for refined was firm and unchanged to 10 pints higher wits fne granulated quoted at $9,20 to 9.40, but demand was less active. BANK RESOURCES OF GASPER OVER $12,000,000 Substantial Increase in Deposits Shown in Last Statements. Resources of Caspers banks as they were called for at the close of business: April 8 totaled $12,835,194.64. The d posits at this time amounted to $10,-| 007,818.06 and loans and discounts amounted to $7,298,409.70. These fig- ures show substantial increases ov. those of January 1 of this year. ‘The figures were combined from) those furnished the Tribune by the Wyoming National bank, Citizens’ Na- “onal bank, National Bank of Com. merce, Stockmen’s National bank, Mest Trust and Savings bank, and Casper National bank, © Depositors are on the increase in Casper and the statements generally point to better business conditions| working man to agree to individual! than were existent thres months ago. | Dom. of Can., 514 per cent notes, 1920 _-___ French Republic, 8s ‘rench Republic, 7%4 Kingdom of Belgium, Kingdom of Be'gium, 6s - Kingdom of Norway, 8 - U. K of G. B. & L., 5%s, 1929 U. K. of G. B. & L., 5%s, 193 American Sugar, 66 American’ Tel. and Tel. American Tel and Tel Armour and Co,, 4%s - Baltimore and Ohio o Bethlehem Steel ref., 54 Bethlehem Steel p, m. 5: Canadian Pacific deb., 58 — Chicago, Burlington and Quincy ref. Chicago, Milwaukee and St. Paul cv. Goodyear Tire 8s, 1931 Goodyear Tire 8s, 1941 Great Northern 5 1-38 B — Mo. Kan. and Texas new adj Missour! Pacific gen., 4s Montana Power, 5s A __ New York Central deb. Northern Pacific cpr. len 4s Oreson Short Line ref., Pacific Gas and Electrico 5s Penn. R. R. Gen., Penn R. R. Gen., Reading Gen. 4s Sinclair Oll Co. Standard Of of Cal, deb., 75 Union Pacific first 4s U. 8. Rubber, 74s U. 8. Rubber, 5s Utah Power and Light Western Union 6%s - Westinghouse Electric 1s ts A hs —_ 107% Spring Lambs Retarded In Tennessee and Kentucky CHICAGO, April 12—Unfavorable weather conditions during March re- tarded the growth of spring lambe in Tennessee and Kentucky to some ex- tent, and the market movement in volume will probably be ten days or two weeks later than was indicated in the report of March 1, according to a statement today by the bureau of ag- ricultural economics by.the United continued through March, with abun dant gunshine and mild temperature and a good supply of feed. The num- ber of early lambs dropped has been somewhat larger than last year, and the number saved materially larger and {f conditions continue favorable. it is estimated that the number of early lambs for market will be aroung 20 per cent Jarger than last year. Conditions tn Texas have been em States Department of Agriculture. cellent. Sheep will be fat by May bug In Idaho the favorable weather con-| the market supply will be below now ditions prevailing during February! mal. Sinclair Defers Action. NEW YORK, April 12—On recom: mendation by H. F. Sinclair, chair man of the board of directors of Sin- clair Consolidated Oil corporation, de- ferred the question of declaring an eltra dividend until a later meeting this year. Several directors are un- derstood to have favored an extra pay- ment in addition to the regular quar ‘Market Gossip and Briefs On Operations in Oil Fields terty dividend of 50 cents on the com mon stock which was voted. Oil Producers to Elect. GALVESTON, Texas, April 1240 Election of officers was the principal business before the Western Petro leum Refiners’ association convention today. Action on the LaFollette sen- ate ofl investigation report also wag expected, BLAS VUCUREWIGH SUES FOR STOCK DELIVERY Blas Vucurevich, well known local stock trader, has instituted sult in the eighth district court against George Wheeler, for $840 as the re- sult of an alleged stock transaction between the two men four years ago. The suit relates that the plaintiff bought 1,000 shares of Mountain and Gulf stock from Wheeler at 36 cents per share on April 5, 1919. A pay- ment of $25 was made on the stock which was to be delivered April 26, 1919, Acccorting to the action the de- fendant ha srefused and failed to doiiver the stock and ‘n the interim it has gone to $1 per share on sev- era, occasions, ‘The defendant asks for $740 actual jose end $100 for tl» costs of the case. Rev. Grant Now Busy Defending Wm. Z. Foster Dr. Percy Stickney Grant, rector of the Church of the Ascension, defend- ed William Z. Foster, internationally Noted radical, in an address yester- day before the Advertising club. He said that Foster’s statement that the Inboring men should organize one big union was correct, “That is exactly what ts going to happen, even if it is called the bad name of syndicalism,” said the churchman. "Tf capital thinks today {t ts going to destroy labor unions and force the settlements with capital, of course | SWAN UNDERREAMERS i - AT YOURSSUPPLY STORE rio ce ort LOSE°NO- CUTTERS,” ASK THE ¢ Packed extras, 28c; storage NEW YORK, April 12.—Tho Rev.| —4 Butter and Eggs | CHICAGO, April 12.—Butter lower} creamery extras, 46% @47c; stand- lards, 46%c; extra firsts, 46@48%e3 firsts, 4544@45%c; seconds, 45c. Eggs higher; receipts, 20,059 cases; 2340 firsts, 25%0; ordinary firsts, 24c; miscellaneous, 24%4 @25c; firsts, 4c saa Lo ats Specitals— Pivery meal at Y. W. C. |A. Cafeteria. Smith Turner Basement WAN | UNDERREAMERS AT YOUR-SUPPLY:STORE BRriccerortTp THE PIPE FOLLOWS” | | Casing and Tools Can make 80-day mill shipment on new pipe. Have all sizes and weights A-1 used casing. Several strings Standard drilling tools, also Stars and Na- tionals. New Star outfits on liberal terms. J. C. Rob- erts, Hotel Henning. WAITER To Serve You HILL CREST WATER