Casper Daily Tribune Newspaper, April 22, 1923, Page 8

npany desires few ps for which Be x Mays. Pos das a tan) ection h $runk pipeline to K thia a is expectel w bility that it @ conetruct 5 The tract ossibility of Plant Is Seen in Option Taken by Sinclair nterests on Ideal Site Adjoining Railroad and the Platte River Action by the Sinclair interests in taking an option on 100 cres of land one mile south of Douglas, Wyo., as reported rom there, has given rise to the rumor that the Sinclair pro- oses the erection of a refinery at that point to handle crude roduced on its Teapot and Salt Creek holdings. unconfirmed but definite announcement regarding the pur- under consid The report fon {3 to be a portion of 240 acres lying between the Chicago railroad and the Platte river, n adjoining as City is held| stream and the railroad property. both the 2 is ideally situated for a refinery site. Sur = FRET he mare, Excellent progress is being made @rith the well of the Evans Oil corpo- tion on section 23-39-79 Salt Creek, Dit now being just above the hannon at a little less than 500 feet. This well which is being drilled by Ben Drayton, one of the best drillers the field, was started with a 15% ch hole #0 that tt could be carried to Bho Lakota {f desired and after casing eet at the Shannon which will re- juire two or three days time, an ef- Pine Mountain Oil Test on Top of the Shannon Sand} fort will be made to complete the hole within thirty days. Much interest is being centered in the outoome of this test as its suc- cessful completion will mean much to the southwest part of the field and it {s confidently expected that a pro- ducer of magnitude will result with the tapping of the second Wall Creek, as drilling has shown that the vari- ous strata tilt toward the inside which according to geological deductions, places it inside the productive area. Oil and Gas Prospectors’ OM and gas prospecting in Wyo- @ping continues to hold out tnduce- Shents to operators and others, as in: leated by the number of permits is ed by C. H. MoWhinnie, state land minissioner. Permits of this char- ter recently issued as announced pm the commissioner's office fol: a Frank L. Dixon, Denver, Colo., all 16-20-104. all of Riverton Gets Franchise Pay. The Fremont Natural Gas com- y ‘has paid the town of Riverton, ‘yo. $186.15 as the municipal corpor- ion'’s share of tho profits of gas stribution there during the last ar. The franchise granted fo the mpany requires that five per cent all net profits to the company be ned over to the town in return for © privilege of exclusive operation. it year was the first under which @ contract was operative and fu- re returns are expecte to be larger. Standard Extends Control. Standard Oil interests have come to control of 900,000 shares of a to- il gf 1,500000 shares the Salt eek Producers’ association, accord Be toa statement of th ‘ew York ening Mall. Only part of the stock hold directly, it is said, the Mid- st Refinine company holding ap- oximately 30 per cent. The Moun- in Producers company, allied with je Salt Creek Producers, is safd to subject to the same control ‘The output of these two concerns among the largest of any compan- in the Salt Creek field. The Salt eck Producers has large cash re irves and the prediction !s held: out iat a reorganization of the company inevitable at some future date in der to recapitalize. Basin Test to Resume.. SAshland-Wyoming Ol1 company 1s 3 NW a 1 °o Arthur Root, 6-35-61. Lusk, Wyo., Permits Issued by State all of W. H. Taylor, Cheyenne, Wyo., the NW, Cc. ow 11 of 16-4: P. Pp. 6-51-92. H.C. f 36-45 Axtell, 90. SWUSWH of 2 Thermopolis, jan, Lo 60-102 Wyo., Anderson, Basin, Wyo., all of Foreman, Worland, Wyo., all rfox, San Francisco, Calif., Wyo., all arket Gossip and Briefs = On Operations in Oil Fields Preparing to resume operations the pierced Minnesota Western preparing to resume drilling opera- tions at their camp southeast of town shortly. Nelson, the general manager of Min- neapolis, accompanied Robert, line from fee ast of this week on ng should band. its test north of Basin, Wyo., where some oil Production was developed in a sand last fall. This was cased off but is available in cose deeper drill not find a more prolific well Shoshoni Test to Be Finished SHOSHONI, Wyo., was in n April Oll company twelve by his the city for several days and was very busy looking after things demanding his atention here. William Hutton, the lozal field man- ager, is busily engaged getting things shape and the company will sume operations in a few day: ecmpany has a fine showing 21.—The miles aE son ro This Pipe for New Line Shipped. The Wyoming Gas company has ee and Pro 2, being solidated Roy stern Pxploratic Carter Oil eek Well No y the ¢ ny, n and t com n; was dr ne at 400 feet yes- terday Record time has been ma {§ the drill of this well. Well Ni ® on Creek wtructure will be @larted as son as they reach the ss sand at approximatey 3,100 feet he the “ change from rotary —— drilled | tinue 1 w to blow status Well No. 2 ower sands. Well } on 9. 1 in the ecently sprayed oll of, is unknown. this well same as completed as a gre shipments of pipe arrive. gress Made on Second Billy Creek Well down been advised that pipe for its new gas the Golden Eagle dome to connect with the trunk line serv uniting points of the Big Horn basin region in Northern Wyoming has been shipped from the mills in the east. Surveys are now being run for the line and trenching will be in progress by the timo the first to the of which there are three. field, t gasser and when uncapped is again capped and its Prospects may turn to gk in time which that are held out by {ts unusual perform~ ance of inform tit it lon will is released. two weeks ago but further not be available un Good Progress Reported on - Oil Test South of Douglas | ynd whieh has t on the George Ren t mi east gurte Np Yur aba making good chyion pediaccording | prospective produding be The sands should encountered at 800 and 1,200 feet. Griffith Ot1 company {s pre. | pared to start opsrattons to comple! © Big Indian O & Gas YOMING’S LEADING O OUGLAS’ HOPES OF REFINERY ARE RAISED | | | creamery extras, 401%; taandards, 40% | extra firsts, 40@40%; firsts, 39@39%,. New York Stocks Allie’ Chemical & Dye -..._-__ 73% Allis Chalmers .-_. 48% American Beet Sugar . 4B American Can -. - 96 American Car & Foundry -.. 177B American Hide & Leather pfad _ 57% American International Corp. - 52% American Locomotive -. 132 American Smelting & Retg. -. 64% American Sugar .. 80 American Sumatra Tobacco -. 29% American T. and T. .. 122% American Tobacco 153 American Woolen ‘ Anaconda Copper -. Atchison ______. Atl, Gulf & West Indies - Baldwin Locomotive Baltimore and Ohio Bethlehem Steel B 64% | Kinney G Canadian Pacific — 7 | Lance Creek Royalty__ . Central Leather ener pies ~ ae Chandler Motors - - 69% pars eat 7 Chesapeake and Ohio 9 nics ccs one aa Chicago, Mi! and St. Paul ---- 23 | QUwveet o-o5- Gi Chicago, R. I. and Pac. - 388 Ree Bank _____. i Chino Copper -- - 27% | Picardy —_ Colorado Fuel and Iron - 30 | Royalty & Producers . $9 Corn Products - 130 Sunset -___ Crucible Steel - - 79% | Tom Bell Ro: Erie an > 319 | Western Exploration Wyo-Kans. __._.. Famous Players Lasky General Asphalt General Electric - - 178% General Motors - 16% Goodrich Co. -. - 36% Great Northern pf¢. — 73% Ilinots Central - - 112 Inspiration Copper - 38 International Harvester 88% Int. Mer. Marine pfd. International Paper Invincible Oi -. Sel Kelly Springfield Tire: - - 58% Kennecott Copper - 40% Louisyitle ‘and Nashville -. Mexican Petroleum Miami Copper -- Middle States Oll - Midvale Steel Misscurl Pacific jew York Central Y. N. H., and Hartford Norfolk and Western Northern Pacific Oklahoma Prod. and Ret. Pacific O11 Pan American Petroleum Pennsylvania People's Gas Pure Oil Ray Consolidated Copper -. Reading 4 p. Iron and Steel Royal Dutch, N. Y. Sdars Roebuck - Sinclair Con Of - Southern Pacific Southern Railway Standard Oil of N. J. tudebaker Corporation - 1211 Tennessee Copper atl Texas Co. -- - 48% Texas and Pacific Tobacco Products Transcontinenta! Oll Union cific - United Retail Stores U. 8. Ind. Alcohol United States Rubber United States Steel - Utah Copper - - 10% Westinghouse Electrio - 5% Willys Overland - 1% American Zine, Lead and Sm. - 15% Butte and Superior Cala Petroleum Montana Power Shattuck Arizona Chicago and Northwestern Maxwell Motors B Consolidated Gas Great Northern Ore American Linseed Oil Cosden Standard Oil Stocks Anglo -— eT 17% Buckeye 83 83 Cumberland -. 12 113 Galena 6s Illinois — 166 Indiana. 99 N. ¥. Tran. 132 t. Tran. 25% r Pipe - 108 Ohio Pipe --. 70% Prairie Pipe 109 Prairte O11 —- Sou. Pipe 47% s s y 8s. 0. N. ¥. - - 42% 8. 0. Ohio E 300 Vacuum - 419% 49% Ss. P. On - 155 159 8. O. Ind, - 61% 61% secures leases on additional acreage surrounding the well. Owners have signified their willingness to negotiate such leases, it is stated, on assurance that the test will be driled this year and active work on the well. Owners have signified their willingness to ne- gotiate such leases, it is stated, on assurance that the test will be driled | this year and active work on the well is expected to start within the next three weeks. Butter and Eggs CHICAGO, April 21.—Butter lower; receipts 36,329 cases; ordinary firts, 24% @25%4; storage Eggs lower; firsts, 25%4@26; @25; miscellaneous pack extras, 28%; storage pack firsts) 28. oe Sugar NEW YORK, April 21.—Sugar tu-| tures clo’ teady; approximat sales, 61,800 May $e Bopt., $6.69; Dec Casper Sunday Corning Cridune Oil Securities (By Wilson. Cranmer & Company) LOCAL OIL STOCKS Bid asked Bessemer 23 25 Indian -. 4 28 Boston Wyoming 00 = 1.25 Buck Creek 6 18 Burke Wiss 9 -32 Black Stone Balt Creek .24 . 26 Chappell -_____ 45 Columbine }-__. pel} lv Consolidated Royalty 1.47 1.50 Capital Pete 00% Cow, Gulch —. 202 Domino .. 18 Jupiter Western Oil Fields. Western States -- Y on 08 -10 NEW YORK CURE CLOSING 27 Mountain Producers -$ 16.62 $ 16.75 Glenrock OM . - 1.00 1.06 Salt Creek Cons. - 11.50 11.75 Salt Creek Prds. a SLA eee Marine new - 4.87 5.12 Mutual -.. - 11.87 12.00 O. Indiana - 61.50 61.62 Cities Service Com. -- 166.00 168.00 New York Oil - 13.00 16.00 Mammoth Oil - 52.00 658.00 LIBERTY poxns B%s -. $101.12 First 4s 97.16 Second 97.15 97.52 | Second 4%s 97.88 Third 4%s 97.56 Fourth 4%s 100.00 Crude Market Rock Creek Salt Creek Lance Creek Cat Creek Osage Big Muddy Mute Creek -. Hemilton Grass Creek Terchlight Elk Basin Greybull Sunburst - Livestock Chicago Prices. CHICAGO, April 21.—(U. 8. Depart- ment of Agriculture.) —Cattle—Re- ceipts, 500; compared with week ago: Beef steers and yearlings, 15c to 25c higher; all grades yearlings showing full advance; extreme top matured steers, $10.35; best yearlings, $10.10; mixed steers and heifers, $9.90; beef cows and heifers, 15c to 40c higher; canners, cutters, stockers and feed- ers, steady to unevenly lower; bulls, 25c higher; veal calves, 50c to 75 up; week's bulk prices follow: Beef steers, $8.25@9.65; stockers and feed- ers, $6.50@7.75; beef cows and heif- ers, $5.75@7.85; canners and cutters, $3.25@4.00; veal calves, $8.00@8.75. Sheep—Receipts, 4,000; today's run mostly direct; compared with week ago: Lambs, steady to 4veak; aged stock, steady to 25c lower; heavy kinds off most; week's extreme top old crop lambs, $14.60; bulk light weight, $14.26@14.60; heavier kind, $13.65@14.00; extreme weight, $12.75 @13.00; clipped lambs, mostly $10.75 to $11.50; choice handy weight up to $12.10; weighty shorn, $10.00 down- ward; wooled ewes up to $9.00; clipped description, $7.25@8.00; aged wooled wethers, $8.00@9.00; clipped kind, $7.00@8.40; few loads feeding and shearing lambs, $13.00@14.00 mostly. Hogs —Recetpts, 7,000; butchers und steady; light opened steady; josed mostly 10c lower; bulk 160 to 0 pound averages, $8.10@8.30; early top, $8.40; to 326 pound butchers, | $7.80@8.10; packing sows, unevenly | lower, mostly $6.50@6.70; few roughs, around $6.26; pigs, steady to 26¢ Jlower; estimated holdover, 3,000 | heavyweight hogs, $7.75@8.10; me dium, $8.00@8.30; Ught, $8.00@8.40; light Ught, $7.00@8.30; packing sows, smooth, $6.50@7.15; packing sows, rough, $6.15@6.65; 7.85. iling pigs, $6.50@ Omaha Quotations. OMAHA, Neb., April 21.—(U. 8. De- tment of Agriculture.)—Hogs—Re- | ceipts, 7,000; stendy to strong; bulk | butcher grades, $7.50@7.60; top, $7.65; | packing grades, weak; packing sows, $6.25@6.50; compared with week ago: Butcher grades, 30@35c lower; pack- ing grades, fully 50c lower. Cattle — Receipts, 100; compared with week ago: Beef steers and she stock, steady; bulls, 25@40c higher; veals, 75c@$1.00 higher; stock and feeding steers, 25@50c lower; stock |cows, heifers and stock calves, around steady; bulk beef sters, $7.75@ 9.00; week's $9.40; bulk stockers and feeders, $7.2 18 5@7.60; week's top, Sheep—Receipts, none; compared with week ago: All classes strong to sc higher; most advance on clipped mbs and sheep; bulk wooled lambs, | $13.75@14.20; week's top, $14.45; bulk | California spring lambs, $14.00@14.50; bulk ght ewes, $8.50@9.00; week's top, $9.25; bulk shearing lambs, $13.75 @ 13.85. Denver Prices. Colo., April 100; market steady 0@9.25; cows and h 21,—Cattle beet STOCKS CLOSE HEAVY LOSSES CHALKED UP Moderate Strength and Early Days of Last Week Upset By Recessions and Sa! turday’s Short Session Is Marked by Fresh Slump NEW YORK, April 21.—Stocks closed heavy today with the only points of strength being isolated. Moderate strength developed during the first few days of the week but the market turned somewhat re- actionary later upon announcement governmental action intended to pre- vent speculation on raw sugar, re- ductions in the prices of some of the important commodities and the de- partment of commerce’s warning against over-expansion in business. Bond prices displayed a firmer tone. French government issues sold around the year’s top prices and lower was a better demand for both speculative and investment railroad mortgages. United States govern-| ment issues made little progress be- cause of the uncertainty concerning the terms of the government's next financing. One of the most significant develop- ments of the securities market was the increased foreign demand. Re- duction of British taxes brought fresh | buying power into the market and was responsible in part, for the strength of Canadian Pacific stock which advanced ten points to a new high record, and from improvement in some of the foreign bonds, Atchison, General Motors and Ana- conda Copper also were reported to have been bought for foreign ac- able March earning statements in- spired the bullish demonstration in a number of the investment rails, but was chilled later by the reports that duction shown in the last statement of car loadings, the latter being ex- plained by the observance of the Easter holidays, particularly in the eastern coal mining districts. Olls were inclined to heaviness on announcements of cuts in gasoline and kerosene prices. Coppers enjoyed a brief period of strength on reports of an increased foreign demand for the red metal, particularly from Germany, but trading in the non- ferrous metal shares was restrained somewhat by a cut of $5 a ton in the price of lead. Sugar shares, most of which had mounted to new high records in response to the high prices for the raw and refined products, broke 1 to 3 points following the gov- ernmental proceedings against the coffee and sugar exchange. One of the features of the foreign exchange market was the break of 15 points in German marks, which sold as low as .0033 cents after ap- parently having been pegged around .0048 cents for two months. Inability or unwillingness of the German gov- ernment to further support the ‘mar- count. Speculative expectation of favor- CHICAGO Week's Business Shows Sli weather and timely rains had touched by the July delivery. Compared with a week ago, wheat this morning was %c to 1%c lower, with corn showing 1% to le decline, oats %o to 1@1%cc down and provi- sions at a setback of 37 to 62c. Until near the close of the week, the outlook was that the domestic winter winter crop of wheat would be 46,-- 000,000 bushels less than was har- vested in 1922, and that Nebraska in particular would ‘eld but one-third to a half crop. High winds and dust storms wero reported as prevailing in Nebraska, Kansas and Oklahomh. Coupled with this condition, seeding delay in the northwest made the new | crop prospects dubious for spring wheat, but price upturns due to such adverse circumstances were more than offset when widespread mots- ture and warmth came to the rescue. ket was the reason generally given for the decline. TENSION IS EASZD IN WHEAT PIT ght Slump in Demand But Crop News and Export Sales Lend Strength to Chicago Closing CHICAGO, April 21.—Indications of better export de- mand and predictions of greatly decreased wheat planting in the’northwest led to moderate upturns in wheat values at the close of the week’s trading today after summer-like brought about recessions dur- ing the week. New high price recess for the season were market ,followea the decision of the United States supreme court uphold ing the grain futures act. The decline which values under went in this connection proved to be brief, and throughout the wock the course of the market hinged in the main upon the greatly varying crop Probabilities dependent upon the weather. Revised crop estimates from India has some bearish influence as the wake approached an end. ness enlarged planting of both the orn and oats took their cue from wheat and from government figures indicating that this season would wit- nness enlarged planting of both the feed grains. Accumulating stocks, especially of lard acted as a weight on the provi- sion market. High Low Close Some bearish efforts in the wheat 1.25 1.238% 1.24% 1.22% 1.21% 1.22% 1.20% 1.19% 1.20 1 -78¥ AT 78 Foreign Exchange pee a Dt 81% 80% 80% New York, April 21.—Foreign ex- 45 44 “uy changes iregular. Quotations in cents: Bibotes peepee Great Britain demand 4.6525; cables| 445% 44a aig 4.655; 60-day bills gn banks, 4.635. “ rs Ps France demand 6,655; cables 6.00.) May _11.10 11.12 11.02 11.10 Italy demand “4.955; cables 4.96. Bel-) july _-.11.35 11.37 11.27 11.35 gium demand 5.745; cables 5.75. Ger-| Ribs— many, .003775; cables .0038. Holland yyy 9.92 9.95 9.92 9.92 demand 3.90; cables 39.12. Norway de. mand 17.90. Sweden demand 26.71; 2 4 s a Cash Grains. Denmark 138. Switzerland demand CHICAGO, April 21.—Wheat— 18.15; Spain demand 15.32. Greece de mand 1.88. Poland demand _ .0021; Czecho Slovakia 2.97; Argentina de- mand 36.62; Brazil demand 10,87. Montreal 96 1-16. Potatoes CHICAGO, April 21.— Potatoes weak; receipts, 110 cars; total U. S. shipments, 1,061; Wisconsin sacked and bulk round whites, $1.25 cwt.; Idaho sacked Rurals, $1.25@1.65 cwt., depending on condition; Idaho sacked Russets, $1.75@2.00 cwt.; Minnesota sacked Red River Ohlos, fancy stock, $1.25 cwt. _ Cotton. NEW YORK, April 21—Cotton spot quiet; middling, $27.30. $4.50@8.00; calves, $4.50@12.50; stock- ers and feeders, $6.50@8.00. Hogs—Receipts, 198; market steady; top, $7.65; bulk, $7.55@7.66 Sheep — Receipts, 1,465; market steady; lambs,. 12.75@13.90; feeder | lambs, $12.75@ 18.75; ewes, $6.50@8.00, | Surveying aud Locations Geologists Oil Experts Oil Field Maps, Blue Prints || WYOMING MAP AND |) BLUE PRINT CO. P. O. Box 325 Room 10, Daly Bldg. | 2 red, $ No. 2 hard, $1.26. Sorn—No. 2 mixed, 79%c; yellow, 80% @S8ic. Oats—No, 2 white, 46@46%c; No. 3 white, 45% @45%c. fo. 2, 85%c. 64@68c. Timothy seed—$5.00@6.50. Clover seed—$12.50@17.50. Pork—Nominal. Lard——$11.10. Ribs—$9.25 @10.25. No. UNDERREAMERS ’ AT YOUR SUPPLY STORE BRivcerort THE PIPE FOLLOWS SAFETY and PROFITS in Stock Market Trading. Learn how to combine these in your trad- ing by use of STOCK PRIVILEGES With $45 to $137.50 you can trade in 100 shares of any stock. Write for FREE explanatory folder 101. 149 Broadway Paul Kaye New York american Sugar 6s Yamerican Tel and el, ov 6s American Tel. and Tel. col. tr. Baltimore anG Ohio c Bethlehem Steel Bethlehem Steel p. m. 58 Canadian Pacific deb., Dom, of Can., 54s per cent notes, 1920 French Repubtic, French Republic, Kingdom of Belgium, 7%s Kingdom of Belgium, 6s Kingdom of Norway, 8% E 4 v U. K. of G. B. & L., 5%s, 192 sales approximating 675,000 shares after having fluctuated | U. K. of G. B.“& L., 5%8, 1937 within a narrow range throughout the week. In today’s short session high grade railroad shares which previously had of- fered strong resistance to selling pressure dropped 1 to 3| Armour and Co., 4%8 poin™. The industrial’group also met with sharp recessions, SUNDAY, APRIL 22, 1923. IL, BUSINESS AND FINANCIAL DEPARTMENT 88 Ths ref., Chicago, Burlington and Qui a Chicago, Malwaukee and St. Paul ccv. the brotherhoods were petitioning for| Goodyear Tire, 8s, 1931 an increase in wages and by the re- Goodyear Tire 8s, 1941 - Grand Trunk Ry of Can. Grand Trunk Ry. of Can., Great Northern 7s A Great Northern 5 1s B Mo. Kan. and Texas new adj Missouri Pacific gen Montana Power 5s A New York Central deb., Northern Pacific pr. Oregon Short Line ref., Pacific Gas and Electric 58 R. R. Gen Penn. R. Reading gen., Sinclair Oi! Standard Oil of Cal., det Is Union Pacific first 4s Rubber, 8. Rubber, Utah Power and Light is -— Westinghouse Electric 7s - Penn. U. U. 8. bar silver, 66%c; Mexican dollars, 50%c. | Metals | LONDON, April 21.—Bar silver, cent. NEW YORK, April 32 3-164 per ounce. ting the knees triple 43 4s lien 4s 6h R. Gen., 58 4s Co., 74s Ths bs Silver U 21.—Foreign Money, 1% per To the “Purchasing Agent’’ of the Household il ALK to a woman curate record children’s clothing you'll probably find them nothing but All She will tell you that she knows what you may have only suspected —that Allen A not o ter but wears longer. When you are buying Hosiery f. how Allen A saves you many hours’ darning by knit- thick and reinforcing the feet. Campbell & Johnson HEAD TO FOOT CLOTHIERS 4s NDERREAMERS » AT YOUR SUPPLY STORE BRipvpceroRrTtT ‘LOSE'NO CUTTERS” who keeps ac- of what the costs — and that she buys en A Hosiery, nly looks bet- or the children notice