Casper Daily Tribune Newspaper, April 15, 1923, Page 16

Casper Sunday Horning Cridune SUNDAY, APRIL 15, 1923. “>WYOMING’S LEADING OIL, BUSINESS AND FINANCIAL DEPARTMENT éTevetrpreten eens have Bear raids during the week failed to bring out any exten’ market to affect the course of prices,[tinues at record breaking pace with the technical structure 1s belleved to|"° immediate signs of a let up. One of the chief developments of been improved by the week was a wage increase of 11 recent elimination of weakened| per cent in the steel industry, which speculative accounts and the building | came a few days sooner than expect. large short interest. Ofl, au|ed. Steel production is now between can, independent steel ani/90 and 93 per cent of capacity, re- ber of miscellaneous spe-| garded as the maximum possible un {es showed net gains of 1 to der present labor and transportation broader inquiry also was} conditions. While increase of slight- the rails, Reading, Atlantic] ly more than 119,000 tons in the un- t Line, Louisville and Nashville, | filled orders of the United States Steel adian Pacific, Baltimore and Ohio,| corporation for March was regarded Paul preferred, Texas and Pacific, as small, it was not expected as a tsbirgh and West Virginia and| true index of conditions because of Wabash preferred “A” selling 1 to] the large volume of orders that had 1% points above their previous clos-| been declined. ing leve! Further tests of the expansion of business was furnished during the week by record breaking carloading steel ingot, automobile and building ve Hquidation prices, after having come peril Eously near last week's lows resumed| construction, unprecedented March their upward course. The bond mar-|copper shipmnts and another series ket showed irregular improvement. |of unusually favorable current earn Cuts in the prices of Pennsylvania, | ings reports. eVePROMRETN EN TE eITi etl rat t iit to be California, Kentucky and Ohlo crude] Money rates were slightly easter were used as excuses for the frec| towards the end of the week with offering: the oils, which yielded] large sums avaflable for stock mar one to six points, but as soon as the| ket and investment purposes. Whi!: selling pressure was lifted prices| bankers are still demanding 5% per snapped t While there appears|cent for time money several offers tempc over-production and| by brokers of 5%, especially for the lack of stc facilities In some of| shorter maturities, have been ac fields, gasoline consumption con-! cepted NEW TOP PRICES ARE RECORDED IN GRAINS Reports of Crop Damage in Wheat Belt Are Main Factor in Sharp Advance in Values; Heavy Buying Encouraged During Period CHICAGO, April 14.—The sharp advance in grain prices Baldwin Locomotive ———___ 139% Baltimore and Ohio Bethlehem Steel B Canadian Pacific ~-—-. Central Leather ~~~... Chandier Motors ~~... Chesapeake and ‘Ohio ~—___. Chicago, Mil and St. Paul -.. Chicago, R. I. and Pac. Chino Copper Colorato Fuel and Iron Corn Products Crucible Steel Erte Famous Players Lasky --—-_ ‘General Asphalt General Electric General Motors Goodrich Co. . aS Great Northern pfd. 15 Tilinots Central ~—__. 113 B} Inspiration Copper .--. 37% International Harvester —.__ Int. Mer Marine pfd. -. International Paper —. Invincible Ofl Kelly Springfiel Kennecott Copper -—. Louisville and Nashville —. Mexican Petroleum Miami Copper -.. Idle States Ol - Midvale Steel Missourt Pacific r., N. H., and Hartford --. Nurfolk and Western - Northern Pacffio -—. Oklahoma Prod and Ref. Pacific Oil Pan American Petroleum Pennsylvania People’s Gas Pure OW -.. een ae ae Ray Consolidated Copper —. Reading Rep Iron and. Steel -. Roya! Dutch, N. ¥. -. Sears Roebuck -. clair Con Of pete le ae principall; Sonat Wey gate Sing quotations were unsettled, %c to $2%c net higher than Friday, M $$1.26% to $1.26%, and July $1.23%| Sto $1.23%. te “record for the season. May 80%c to 807%c. Compared with a week ago, wheat @ bushel, oats %c to 1%¢ and provi- brought about largely this week by reports of crop damage, in Nebraska, was continued during today’s ses- sion of the Chicago market, the closing prices establishing new high records for the season. * part of commission houses accompanied the advance. - that primary arrivals continued to be of good volume failed apparently to make much impression. P | Prospects that corn would soon be | U. July oats reached a new high price| movivng Corn closed| helped to lift the corn market. Sunsettiea at %c to %o net advance,| ing delay had some bullish effect on oats. Upturns In provisions were ascribed this morning showed 3%o to 4%c ad-| more or less to the rise of grain vance with corn up 2%e to 3%c a| values. Persistent buying on the Clos- Texas and Pacific —. Tebaceo Products scontinental Ott Union Pacific Tnited Retail Stores S. Ind. Alcohoi -. United States Rubher --__. United States Steel Utah Copper Westinghouse Electric _ Willys Overland -___ — American Zinc, Lead and Sm._ 15 Butte and Superior --__-___ 82 Cala Petroleum -—. 93% rapidly out of Chicago Seed Kinney Jupiter Kinney Coastal Mountain & Gulf ~. Picardy - Royalty & Sunset Tom Bell Western Exploration Wyo-Kans. ______ Western Ol Fields. Western States NEW YORK CURB CLOSIN Mauntain Producers _$ 17.00 Glenrock Oil -.—-. 1.06 Salt Creek Prds. 23.12 Salt Creek Cons -_ 11.87 Marine New 5.00 Mutua! Oil 12.5 Cities Service Com. - 164.00 Mammoth Oil ------. 48.00 New York Oll -—---. 14.00 LIBERTY soxvs 3%s -. aeren et First 48 — Second 4s First 4%s Second 4%s Third 44s Fourth 4\s Victory 4% Crude Market Rock Creek eee oi ‘Torchlight Elk Basin Greybull Sunburst —__. Livestock Chicago Prices. CHICAGO, April 14.{U. S, Depart- ment of Agriculture).—Hogs receipts 8,000; fairly active, mostly steady with Friday’s average; top 8.45; bulk 160 to 210 pound averages $3.356@ Oil Runs Is Shown in Week Dafly pipeline runs in Wyoming and Montana show a decrease of ap- proximately 690 barrels for the week ended April 7 ag compared with the previous seven-day period. The dally sross average for the last week for which figures were available was 126,986 barrels as against 127,575 for the preceding week. A comparison by fields of the datly runs follows: Fields Apr.7 Mar. 31 Salt Creek 99,250 Big Muddy 3,845 Lance Creel 595 Market Gossip and Briefs On Operations in Oil Fields Pilot Butte 115 110 Lander —_ ae 635 610 Lost Soldier 2,140 3,125 Rock River 4,585 4,100 Grass Creek -—--___ 4,320 4,335 Hamilton Dome —— 300 410 Elk Basin -________ 1,985 1,880 Greybull — 210 165 Osage 775 785 Ferris 390 350 Cat Creek -. 6,715 6,690 Kevin-Sunburst — 525 750 Miscellaneous 550 575 Total 26,985 127,575 Southern States Gets Big Well. Southern States Ol] has completed well on its Reeves property, Griffin fleld, Ouachita county, Ark., making 2,000 barrels of 25% gravity oll daily. Notches Dome Well Large. Midwest Refining company’s new well on the Notches dome in Natrona county, Wyo., made 400 barrels a day on a five-day test and definitely proves the field for large potential production. Production was found in the Tensleep sand cut at 2,755 feet and drilling was suspended 20 feet lower. Ten 500-barrel tanks are be- ing erected to handle production, which tests 22.40 Baume. Larger flow could be developed with deeper drilling, tt 1s reported, Incorporation Filings. CHEYENNE, Wyo., April 14.—The Equitable Building & Loan associa- tion of Cheyenne has filed in the of- fice of the secretary of state certifica- tion of increase of its capital stock from $2,000,000 to $5,000,000, and the Wyoming Building & Loan associla- tion of Casper certification of in- crease of its capital stock from $1,- 500,000 to $2,500,000. . Articles of incorporation were filed by the McIntyre Oil Syndicate of Cas: per; capital stock, $100,000; directors, Guy W. McIntyre, J. G. Jones and Robert N. Ogden, Jr. 25c@50c lower; bologna bulls steady; stockers and feeders steady; closing veal top $8.50; week's top stockers and feeders $8.35. Sheep receipts none; compared with week ago: lambs steady; wooled lambs $14.25; spring top $14.75; top on shearing lambs $13.85. Cotton NEW YORK, April 14.—Cotton spot | quiet; middling $28.75. Flax Seed. DULUTH, Minn., April 14.—Closing Sugar heep and} NEW YORK, April 14.—Sugar fu- feeders strong to 26c higher; top on ‘tures closed steady; lambs 18,000 tons. pproximate sales May $5.87; July $6.06; Sep- ‘tember $6.21; December $5.87. There .was no change in refined sugar, fine ‘granulated being listed at $9.20 to $9.40. Surveying and Locations Geologists Oil Experts Oil Field Maps, Blue Prints WYOMING MAP AND BLUE PRINT CO. P. O. Box 325 Bethlehem Steel p. Canadian Pacific deb., 5s ‘—--------—-—_ chicago, Burlington and Quincy ref., 5a A joodyear Tire, 8s, Goodyear Tire 8&8, Grand Trunk Ry of Can. Grand Trunk Ry. of Can. treat reat Northern 5 1s B -. Mo. Kan. and Texas new adj. lissouri Pacific gen., Montana Power 6s A - New York Central deb., 6s - Northern Pacific pr. Oregon Short Line ref., 4s -—-—. Pacific Gas and Electric 5s Penn. R. R. 4 Penn. R. R. Gen Reading gen., 4s Sinclair Oit Standard Ol! of Cal., deb 7s Union Pacific first 4s U. U. Utah Power and Light 5s -. Westinghouse Electric 7s -. creamery extras 45%; extra firsts 44%@45; firsts 44 @44%4; second 43%. | firsts 26@26%; ordinary firsts 24%@/ 25; miscellaneous pack extras 28%; storage pack firsts 28%. bar silver 66%; Mexican dollars 50\%.| Sieh eri CHICAGO, April 14—Potatoes firm; receipts 78 cars total United States shipments 923; Wisconsin sacked and bulk round whites $1.35@1.50 cwt.; Michigan bulk round whites $1.25 ewt.:| Minnesota sacked Red River Ohios/ $1.15@1.25 ewt.; Idaho sacked Russets | $1.90@3.10 ewt. | = —= =BEAR RAIDS FAIL-TO ne Contract Is Let by Fargo = ies . . = cane ae : New York Stocks Oil Securities ntract et Vv aA 3 = ° : PSET STOCK CLIMB C for Oil Pipel : UPSE Maveban Poa ompany for ipeline = Allis Chalmers _---_ s Y x American —— Zz ‘ : . . : American é ‘ warded liveries of pips jornentarily | ~ —— 7 = Advance Is Continued in Saturday's Brief Session of |‘american Big Indian ~~ aS rtd Tl Wabetd eprat aes 8 Rien an Caer Conbletion of tha| Dou (ot Gable pec ont notea’ 1939 022s. ag agd aCTM a J eat d Glosine for Week American Hide & Leather pfd - 61% | Boston Wyoming ——-1.00 1.25 [Contract to the Hope Eingineering| Hoe) at) USPOr year is expect.(Krench Republic, §@ ————-—-_-____-__.___ 98% 98% 08% & New York Exchange an osing tor Wee American International Corp _ 21% | Buck Creek -—_—_____ ag +18 |company for laying its 23-mile oil including the installation of two|French pee as Re ee es ee = ; i American iF fetghtinysn yon gee “$2 | pipeline from the Poison Spider field) Sump stations. The line, it ts be-| Kingdom lum, 748 ---—-——-—----- % = Strong; Money Rates Are Easier American Chagpedl ee ne OSE RS SAB INS Casver,, rhe tice! will he Tae laix:| Havers witshencie the, totel cutmat of par ari eoetnrad fs ge pee eit a pene WEEE: American Columbine — 15-17 | inch pipe and the contract calls for\oll from the Poison Spider-South Cas-|{yinglom of Biogway. 8 = NEW YORK, April 14.—Stocks closed strong at the end | American Consolidated Royalty. 149 1.52 | the beginning of work within tenj'per creek region for some time to|t; i of Gh & L., = hap rpg as 3 Taw V, *, A ‘a Pe oe 00’ 00% I © of today’s brief session of theNew York exchange with sales ee Cow Gulch 2 eave: Saxe yeratea mer ata bool loviles ==. approximating 375,000 shares after a week in which profes-| american Boewns 2 ° American Tel. and Tel. col. tr., 58 sional “‘bear’’ speculators launched another series of attacks} Anaconda Soa S]. h D Crud. Armour and Co., 44s — on popular issues, concentrating on the oil shares. In today’s| Aitchison -_—__. Frants 1g. t ecrease In e€ Ronee har Petes aha) © session there was no outstanding development outside the] At). Gulf and w Gates _ rr m. 5 cago, Malwaukee and St Paul ccv., 4%s 1931 — 1941 Northern Ts A Men 4s -—. en. 48 Co., Ts 8, Rubber, 7%s8 8. Rubber, 5s - Butter and Eggs UNDERREAMERS | Butter lower; s standards CHICAGO, April 14. 45%; Eggs higher; receipts 27,717 cases; 25% @26; storage) AT YOUR SUPPLY STORE LOSE°NO-CUTTERS” Silver NEW YORK, April .14—Foreign| 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. Potatoes Fortunes For You Beers nts to.-59 senteln! .0) that the|Wheat— Open High Low Close| Montana Power -———- 67%B| $8.40; bulk 240 to 825 pound butchers | flax seed, May $2.29%; July $3.19%. Room 10, Daly Bldg. eee ion ien were Noncrenth tha In 1.27 1.24% 1.26%| Shattuck Arizona __-______9_| $8.00@$8.30; packing sows 15@25c lag ied Boal anepicaagg t vier a uly, 1.24% 1.22% 1.23%] Great Northern Ore --___-_ 33 | lower, mostly $7.00@$7.10; pigs about F Meta f) aude cxcecioticecy \ ctasrtice Rees 1.22% (1.20% 1.22% | Chicago Northwestern -——____ 81% | steady, bulk Capea Se oe Face Brick and Ss WAN ~4 2 vn Maxwell Motors B ——- 19% | pound weights $7.00 10; pigs i | ee BR 2% 40% |Conputlnted Gag =o aea | about. sendy, bulk detaite 108 to Art Tile In the Red Desert and Lost 2 : ; "324 "g24 z ights $7.00@ $7.50; : @was in a critical condition. Other ai% 2% | American Linseed Ot! - abe, pare eae EL ab Lie eee UNDERREAMERS can sraakeleet well Hf elon _ holdover 2,000; heavyweight hogs|| Ome, of the best material, as ° ie yy NORIC. and. tad eee 46% 46% $7.85@$8.30; medium —_$8.20@$8.45;|] Well as the most beautiful, or s er rieias Bepeeoeee 2h Onio and Tadians eros: a AT ¥ 467 . 8.45; light light $7.00 those who contemplate a mantel pects that spring seeding would be! % ‘J Nght $8-10@88.455 ght, Ug) @ ; Meicianityitate, iy tueiaciiweat and | Set, MK 45% $940}ibebking: anyal iemsoth) stig) | aa peat attraction sud icon. see fe i “ rd— 5 h, $6.75@ ‘ort e living-room do the page much reduced tended|. tandard packing sows roug! rs Secestad ettenidlate uvaeal aadste akan! 11.70 11.55 11.55 Stand: Oil Stocks Killing pigs $6.50@$7.75. well to see the line of Face Brick the market on the upgrade despite, crepe abil Si ae roses al Ga pric and a ae laid ap xeaty us AT YOUR SUPPLY STORE @temporary setbacks due to heavy week ago: ur inspection at st . 2: eoatGin pa ee ee Be a 18% | 85 to 500 tower; indetween grades |] erect, Phone 1441J. Brivaknorr You have never seen a time that offered you larger Complaints. of scarcity of farm|JW¥ —-1040 10.45 1040 10.45 packers = 80 || showing most decline; extreme top ic bbi mies immediate opportunities. You have never seen a time labor came from widely separated dis- — Sonera 113 | matured’ steer $10.25; part load . C. Dobbins, Prop. ‘THE PIPE FOLLOWS when it would pay you better to sit down and reason ®tricts and’ received considerable no-| Cash Grains. 69 | $10.35; best long yearlings $10.00; she the logical conclusion of an investment. If ill tice as a bullish factor in regard to| CHICAGO, April 14.—Wheat, No. 2, be stock largely 25c lower; good to do this and follow it by deciaion ahdtactio you wal ® wheat. A good deal of attention was|red $1.31; No. 2 hard $1.28@1.28%. choice light heifers showing less de- b nm, you wi Zalso given to strength which the|Corn No. 2 mixed, 82%c; No. 2 yellow, 25% | cline; bulls and stockers and feeders be among the fortunate ones to be counted in on the * Liverpool market showed in the face|83@94c. Oats, No. 2 white 47% @48 133 | weak to 250 lower; values largely 150 WANTED big money-makers of 1923, lof price declines on this side of the 3 white 46% @47%. Rye, No. 2, 109 lower; week's bulk prices follow beef te . "Atlantic. Bulls pointed out in this P87%c. Barley, 67@7lc. Timothy | Ohio Of 74 | steers $8.10@$9.50; stockers and feed-|} Bids for drilling TWENTY oil wells 1,500 to 8,500 feet. Standard or Sconnection that an increasing ratio ‘seed $5@6.50. Clover seed $13.50@| Prairie O11 221 | ers $6.75@$7.75; beef cows and heif- pep: Qu ata sd On eee WYOMING. West of Tea what purchased for shipment to ‘18.50. Pork nominal. Lard $11.52.| Prairie Pipe ~.— 110 | ers $5.50@$7.65; canners and cutters ‘ot Dome. For full information, address “europe was domestic, and the fact Ribs $9.75@10.50. solar Ref. -__. 200 | $3.25@$4.00; vealers $7.25@38.50. California-Wyoming Oil Producers Association Sy isp eo kon ergo where you are. If b : Sou. Pipe 2 Sigg 112 Sheep receipts 5,000; run includes Los Angeles, Calif. y' B y' €, it does not matter. It is i A S. 0. Kan, —-____ 46% 48 | about 3,000 direct to packers and 17 oa a pa amnether Ban lee young or a long ways S.°O. 96% | cars defivered in error; later held for lown the trail. you have the WILL POWER an . Producers & Refiners Let 8. 0. 235 | Monday's market. Compared with BACKBONE, you can create success. oecaty ane S. 0. — 44% | week ago choice handyweight wooled im fate of bugab Th i Rea S * B. 0, Ohio, ket BUEN” 807s | anita, tevbetwoen ‘grades iamnbe ise grim fate of bugaboo. ere is nothing in your way Contract For New Tankage| 3" ay pagel SE ele a spate yeu Yous rod ae bench eae ae A Cc 8. P. ou 161 | strong; yearling wethers nominally against you. Your road may be uphill, but it is day- O. Tn. (ose 63% | steady; sheep shade higher; week’s| iThe field to Parco Wyo., dts new refinery the Two t location of] C ks will be ek Ine will connect with this line at Lost Soldier. Creat G: sser Is Uncorked On Farnham Dome in Utah, sidered it as probably the best bet in Utah. The discovery of gas on this structure after the failure of so many tests in other parts of the state, wi!) again attract the attention of the oll and gas men to Utah, and may mean the testing of other structures tn the state on a more extensive scale than in past years, ee extreme top old crop lambs $14,605) 12 cars California spring lambs $: 6 with to 26 per cent sorts at $12.50 @ $12.75; best wooled ewes $9.00; clip- ped kinds $7.50@$8.25 large! wethers $9.00@$9.50 in fleece; descriptions mostly $3.00@$8.75. Denver Prices. DENVER, Colo., April 14.—Cattle— Receipts, 86; market steady; beef steers, $7.00@9.25; cows and heifers, $4.50@8.05; calves, $4.50@12.00; stock- ers and feeders, $6.50@8.00. Pine Mountain Acreage for Sale ADDRESS P. O. BOX 1124, CASPER Will buy any part of three million shares of Dom- ino Wyoming at 15c. light throughout life to the man with the WILL 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, POWER and BACKBONE, Producers & Refiners corporation erected at each pumping station along t ion tes oe) bulk $14.00@$14.60; heavies largely! B o has let contract to the Petroleum|the line. Te eee thet Ge ith gee | 13.00; clipped lambs mostly $10.60@ | i Iron Works of S Pa., for ten| The Producers & Refiners corpora-|‘°\Ci\ lu" wattham dome ie not go | $11:50: apes Jone, $944 $18.00: EAE 160 acres adjacent to Alaska well. $200 + 55,000-barrel tanws to be erected along|tion has started running crude|, V# " treme weight shorn kin 15 @ . RE ESE: ie the route of the corporation's proj-| through its new six-inch line from the pea rin’ pander oc ea Ff ete $10.00; some to exporters up to $10.50; per acre. Half cash, half from production, Today the DD RT and LOST SOLDIER ¥ ected pipe line from Salt Creek | Lost Soldier field to Parco. The Sait} '™ as i Also will buy any part of 400,000 shares of Besse- for it has more than promises to spread b — n bythe Utah Of Refn-)On Refining company, several monthe | Foreign Exchange _| | ,, ¥oryReceints, 118; market stenar:|l) mer at 290. it has unquestioned integrity. We invite brekestion, | Farnham dome in Utah | Dake City, to furnish thet elty with | bap Mize Will sell any part of 3,000 Anna Belle at 16c, INVESTIGATE BEFORE YOU INVEST. with e rumor that the| natural gas from the Baxter Basin | oming from @ sand encoun:| field in southwestern Wyoming. As| |the Baxter Basin fleld is about 280 the hole.| miles from Salt Lake, {t would be ) be increasing. | natural to suppose that that gas located in| could be taken from the Farnham | rocks a flow {8 also 8 pats through a more thickly settled | in connec-| country and would supply a number NEW YORK, April 14.—1 changes easy; quotations tn cent: Great Britain demand 4.65%, cabl 4.65%, 60 day bills on banks 4.63% France demand 6.65%, cables 6.66) Italy demand 4.97%, cables 4.98%; 39.17; Norway demand 17.92; Sweden demand 26.56; Denmark demand 18.8! Sheep—Reoetpts, 3,074; market 10c higher; lambs, $12.75 @13.85; lambs, $12,50@13.7! ; feeder owes, $6.5008.25. Omaha OMAHA, Neb., April 14.0. 8. Better Hurry and Come to See Me If any of the above propositions are attractive to out of town people wire for confirmation or mail your Blas Vucurevich — CEST Write, Wire or Phone 1956 Anna Bell Wyoming Oil Co. says the| of smelters enroute, Should the con-| Switzerland demand 18.20; Spain do- . | ‘s that it may|tingency arise whereby this gas|mand 18.84; Greece demand 1.16;| Cattle receipts 500; compared with | ‘00: Mi W or une companies | should be piped to Salt Lake City, it] Poland demand .0023; Caecho-Slovakia | week ago. beef stoera mostly 250 low. 304 E. Fifth Street or Henning Hotel Room 220, idwest Blg. Casper, yo. © Baxter Basin | might be the means of diverting the| demand 2.97%; Argentine demand | er; lights and yearlings fully 26¢ low. embered that | supply from tho Baxter Basin fleld| ge Brazil demand 11.90; Montreal | er; spots more; she atock 15@260 low Phone 1419 pany and the Utah|to Denyer, and thus realize the dream! 97 13-16, } © “ i er; canners and cutters steady; veals 8 south | fleld to the Utah capital, cheaper than| Belgium demand 6.75, cables 6.75%;| Department of Agriculture).—Hogs| stock to the National Bank of Commerce. Draft will A ear the | it could from Wyoming. A line from|Germany demand .0047%, cables| receipts 9,000; steady to strong; bulk be paid. location is} Farnham to Salt Lake would also| .0047%; Holland demand 39.14, cables| butcher hogs $7.85@$7.90; mostly q