Casper Daily Tribune Newspaper, April 24, 1923, Page 10

£ Caspt B inter B office Homstake O!! company has shipped h oi barrels of crude de petroleum says Index in its review of The Homes! ic the test u grown stead ran seeing Tite several years ago. It has from several wells in eth field © under asree with the Mid-North cen and chew te now being drill tbr par at se the K ed t subsidiary on the ps county a a wel Bowdoin stru pany, which took pleted well of the pany, on Brush a. hard formation sved to be on Casing 1 fo. 2 of the Barnsdall t Take Basin. The hole is drilled below 3,000 feet and end gas. eing Grilled by on the S Retry ton lease o7 section 5-3 well at 1,470 feet. Murray brothers are drilling below on 7-4-223 Broadview with the 3,300 feet on sec! structure. Another test in the same locality one mile west is being drill ed by Charles Wheeler, et al, and is down to about 3,600 feet Callfornia company, subsidiary of the Standard of California, ts ready to spud in on the Whitcomb ranch sdutheast of Harlowtown Rig of California company on the Sorenson lease in section 28-35-2 was caused by gas ignit 1 of hole is 1,430 feet Oil compa: has a a well in the Sun ation is 5 feet. Loc: to be Casper Daily Cribune TUESDAY, APRIL 24, 1923. -- Finance - First Test of Crude Oil - Bonds - Allies: Chemical & Dye ‘Allis Chalmer "American Beet Sugar — [abandoned its test near Berklin at aan Paes ae onuacy 1,558 feet. Ellis | 4 a foot. Tt ts claimed that the Ellis) |i ericah Hide & Leather pfd. - are structure at 2.840 feet. They will pul? the casing more tests in the same locality. This well was in two locations. tion 11-2 southwest southwest have been made as follows: On the quarter of section 10. Canadian’ Paciti quarter of section 2.3 Central Leather - Gladys Belle O!1 and Refining com-| Chandler Leather ~ Chandler Motors ... pany has let a contract to Frank T. Hastings to dr! nto the Macfson Ime if necessary in its test on the| Chicago, Mil and St. Paul — rass arch, J south of the| Chicago, R. I. and Pac. - dian barder. Chino Copper ----_-- It is reported in Shelby that the app oe MESES Mutual Of] company will finance a enciby these drilling campaign on acreage owned |} TUC teel Hogan O11 company. Last | Erie - the company received six cars Famous General ates General Mid-Northern O!! company has suc} Ganeray ceeded in Spindletop test county and feet. The Mlino's Pipe Line company and Ohio O11 co a mu y in the Kevin-Sunburst field to Invincible as tal 250,000 barrels. Kelly Spri : i : . ; _|K Sprir Tire Greater Great Falls Ol company | icennecott Copper has sand was missing at this location. Northfield and Reliance abandoning test and reported showing of ofl at 2,310 feet. ‘The Carter Oll company fs starting operdtions in the KevinSunburst field Montana. ts and has spotted two more Rigs are being built on sec 52 and locations It is and 10. straightening crooked hole in eastern Fergus is now drillin h mpany has or¢ tanks to make the storage cap- t five 3-16 inch casing at 1.101 . 12 miles northwest of Great National Leaf * Miam! Copper estake Expioration company $8} \ri451, states Oil ing in its test on Bowdoin. dome Mnldvale Steet 7 with a total Cepth of 2,170 fest. Pro | 1 2vul, Steel -- z duction ts expected on section 8-25-1, | “NO Paclle Kevin-Sunburst sturcture. e -- Lake Basin Ranchers company will |< YN. Ht. ant Hartford -_ dri) aw on section 5-121, Lake Ba oa Sela he § yb sin d’strict. The company is being fi- te = nanced by Butte and Kalispell inves ma Prod and Ref. . tors | = nburst Center Ofl company has spudded in a well on section 21 } in-Sunburst field. ordon Campbell test near Choteau A : nternational Corp — companies American International rp on the Genou | American Locomotive American Smelting & Refs Amercan Suga t is reported drill two e American Sumatra Tobacco ~ to have a good Amercan T. and T. American American Anaconda Copper Atchison -. - bulld igs for rs sats Atl, ¢ and West Indi Baldwin Laocom Baltimore a Bethlehem Chesapeake and Ohio -- Goof rich Northern pf Central Copper nal Harvester = below 500 Is Inspiration Internati Mer lered suffic- | trp sie ‘ap Paper Reading Utah Off Refining company will case off a heavy ges flow encoun tered in its well on the Farnham \Baome, Utah on Apri 18, and continue er test to lower formations in the estimated at 20 miliion feet daily The same company {ts well on section 30-40-79 of the Creek field, its No, 2 Hughes tn the Lost Soldier| Union Pacific - region, and has resumed werk on its| United Retail Stores Black Mountan test on section 36-43-] J. S. Ind Alcohol -.. 91 drilling at is cleaning out Rep. Iron and 8 Roya Dtutch, N. Sears Roebuck Sinclair Con 011 Sduthern Pacific Southerm Railway Standard Oil of N. J Studebaker Corporation Tennessee Copper Texas Co. __.. Texas and Pacific — Tobacco Products Transcontinental feet on United States Rubber United States Steel seat hope of striking oll. The gas flow was aS 3 Market Gossip and Briefs On Operations in Oil Fields) Utah Copper — Westinghouse Hlectric Willys Overland American Zinc. Butte and Supertor -_. Cala Petroleum Lead and Sm New York Stocks - Stocks - Oil Securities (By Wilson. Cranmer & Company) LOCAL OFL STOCKS Bessemer Big In 3 Boston Wyoming Buck Creek Burke Blaek Stone Chappell Columbine [-— Consolidated Roya Capital Pete Cow Gul Jupiter Kinney Coastal — 3 Lance Creek Royalty... .03 04 Lusk Royalty 0% 02 Mike Henry 02 Mountain & 1.52 00% ork Oil AT Ret Bank — 14 Pleardy - 06 Royalty & 10 unset ee AS ee etl 03 Tom Be a Western 5 yo-Kans. ern Ol! +80 stern States - 27 Y on 10 NEW YORK CURB CLOSING Mountain |Glenrock ¢ Sat ult c Cre Marine ~ Mutual Cities ervice Com. 164.00 Nu X- Ol ee 17.00 Mammoth Oil 58.00 LIBERTY 3%s ---. $101.30 Fir 4a Ja. 97.34 Second 4s 97.18 First 4 8 - ond 4% Third 4\%s ‘ourth 4%6 Victory 4%s \— ite % | Crude Market Rock Creek | Salt Creek | Lance Creek Creek Osage -.-- _ 2.00 Big Muddy -. ~ 1.55 Mule Creek --—. Hamilton - 55 ass Creek 00 2.00 2.00 2.00 1.00 26% 4 m Livestock Chicago Prices. CHICAGO, April 24.—(U. S. Depart- ment of Agriculture.) —Hogs—Re- ceipts, 27,000; slow, around steady; bulk 160 to 225 pound averages, $8.05 @8.25; early top, $8.30; 240 to 325 pound butchers, $7.65@8.00; packing = sows, mostly $6.15@6.40; plgs = eight $7.85@ ¥ hogs, light, uneven; medium, $7.90 * = = Montana Power ight Ught, $7.00@8.20; pack- Shattuck Arizona — smooth, $6.40@6.90; packing pec Chicago and Northwestern ——_ rough, $6.00@6.50; killing pigs, \ Maxwel! Motors B - $6. 27.65 Mule Creek to Resume Runs. which oscapes from the company's! consolidated Gas i Recepts, 11,000; beef steers, Pipe 1 ng o fthe moutnain re-| oll wells being an addition to a small! Great Northern Ore af about steady; rather slow; strong in ape DS RES plant ating at present which re-| ,yverican Linsced Ol spots; quality considered; early top gion will soon include those cf the) overs from 700 to 800 gallons of £83-| Gosden a3 = % Kansas fed steers, averaging 1,320 Mule Creek fiel@ in northeastern | oline daily. eee y pounds, $10.00; other matured steers, | adie See | Ree cats $9.75@9.85; bulk, $8.25@9.50; year- Bmonths during Tho | Continental Froeusies. Company. | lings, 50 Rear tae Bene tank Continental Producing company's = . yearlings under $8.00; she stock, ire of the ground,| Hesse No. 1, the Billy Creek test Standard Oil Stocks ly active; fully steady; bulls, strong making winter runs impossible. The| Humber two, is making satisfactory to 10c “higher: veel caesarean of sped to Regina, Cans progress at 12,475 feet, according to higher; stockers and feeders, slow; crude is shipped to Regina, a report received from the field this| Anglo ~._. 16% 17% | bidding $8.50 downward on vealers; to the Imperial company. rning Buckeye — 87% 88% |cholco kind, $9.50@10.00 to outsiders, BE jains New Plant. The company's Bradley No. 2, in| Cumberland 112 118 Sheep—Receipts, 16,000; early sales Insta: another gasoline It Creek field, on section 19-40-| Galena —__ 108 110 [clipped Inmbs, mostly 16c to 250 abbsor: plant is in progress On| 7. is shut down at 1,720 feet while| rinois ~ 165 167 higher; nothing done on wool skins, section 17-39-78 of the E. T. Williams| «> is being! repaired: Thalaba 2c Girt 99 [one load 78 pound averages, $12.50; com he Salt Creek field, an " rtes Oil company ts building t. Tran other clippers, $11.25@12.00; heavy improvern that should add mater-} rg for Duncan No. 6 in the Salt|\; y pran 128 192 | !ambs to export, $10.50; few 55 pound tally to the operating profits of the| Creek fleld and moving in tools on/ NO. ping __ meee 107 | Kenulne native spring lambs, $17.50; fcompn The plant will treat gas} Duncan No. 3. Ohio oll 70% | Navaso yearlings, $18.00; sheep, big, = ee tere r higher; few wooled ewes, $8.75; Prairie Olt 212 | two londs clipped 160 pound wethers, Prairie Pipe 109 | $7.60. Solar Ref. 195 pets Ie Sugar Metals Ss Omaha Quotations. ae OMAHA, Neb., April 24.—{U. 8. eee aig | Department of Agriculture.) —Hogs c 24.—Sugar fu-| | NEW YORK, April 24.—Copper, Fibg | Pecolpts 10,000; strong to 100 higher approximate | steady; electrolytic spot and futures, 300. than yesterday's average; bulk pack i i | gedarust 17c. Tin, firm; spot and nearby, ing sows $6.85@§6.50; bulk butchers LASS $45.75; futures, $46.00@46.12. Irc 50@$7.60; top $7.65 8 » $6.82, In re] iv lay: prices. unchanged.) Lead Cattle rece!pts 10.400; beet steers refiners advanced lst! stendy; spot, $8.00. Zina, easy; Hast 62% | slow; stendy to weak; apota 10@150 basis of $9.85 for fine Louls spot and nearby, delivery, lower; {op fed steers $9.40; bulk ew high record for the | $7.10. Antimony, spot, $8.00@8.12. ie | | $7.75@$8.75; whe stock steady to nee the r 1920, strong s and veals steady ned neh: Cotton cows $7.60; bulk phe stock $5. ; prices: wae $7.50; bulk bolognas $4250 $4.6 he buying t : - "| peals $10.50; stockera and fesders b ess was Butter and Eggs NEW YORK, April 84.-—Cotton | out steady w wals « spot, quiet; middling, $28.05, | ep receipts 7,000; lambs 35@ e cHIcaAG Ab ; ae higher; wooled lainbs §14.15@ — PS seshaapbet ket hy ate ast tees Flax Seed, | $14 fod clipped lambs ¥11.25@ | tra: firete, 4eaaaule ane tte DULUTH, Minn., April 24.—Clos-| $12.00; heavy lamba $9.75@$10.60; eee s | 89%; seconas, a8q@asis, Ing flax seed; May, $3.15% asked: | sheep and feeders scarce around ew 9 i \guly, $2,974 eady | Foreign Exchange Saga jowers ‘riceipts | 4,008 Saseei| Teee eee eee aan t firsts %@25%; ordinary firsts " a4 + Hey bef ™ Denver Prices, 4 $ NEW YORK, April 24.—Foreign ova eg Pe pets at SWAN DENVER, Colo, April 94.—Cattle i i rregular. Quotations in | 70156 Be newt ® Reotlpts, 600; market steady to 180 t Britain, demand, 4.64%; ] ©7"% ~ ® UNDERREAMERS. SRiiiG coe ee crece) { 60 pills on banks, | and heifers, $4,509.00; calves, $4.50 } demand, 6.75%; cables, | @19,50; stockera and feeders, §6.50@ { demand, 4.96%; cables, ’ | 8.00, mand, 5.88%; cables, . | Hogw—Mecetpts, 9,200) market i demand, .0034% Silver | steady to 100 higher; top, §7.75; bu’ Holland, demand, | $7.45@7.60, i way, demand y Bheep—Recetpts, 600; market mand, 26.72, D NEW YORK, April 24—rers! ~ ¢ stendy nbs, $12.75@14.00; feeder a lar aver Ori) Atextcan dolar ci, ARACEAE | nbs, $18.00018.60; owes, 86-0008.80 ae BrivcerorT = rommeNarsy ts TP paAdie ch ae ice nee LOSENO CUTTERS a ee A ae 10.8 Monreal, ®3% 1 wer cent he low at Graham #l is ¥ io ng 0 | STOGK MARKET (3 IRREGULAR Wyoming Oils Given Setback by Reduction in Crude Oil Prices. NEW YORK, April 24.—Operations in today’s stock market were on a reduced scale. The effect on sentl- ment of an extension of the price cut ting in tho of] fleld was largely neu tralized by higher prices for other commodities including steel and sug ar. Early gains of 1 to 2 points were modifieaq somewhat before renewed buying stiffened prices in the final hour, Sales approximated 650,000 shares. NEW YORK, April 24.—The short covering movement which was in progress yesterday was continued at the outset of today’s dealings in the stock market, prices of the usual leaders opening at slightly higher levels. Activity was greatest In the domestic oil shares and there was a continuance of the recent buying of the food issues. Corn Products Started one point higher but Phillips Petroleum was only up % despite th: declaration of a 50 cent stock divi. dend and an extra cash dividend of one per cent. When the initial rise failed to bring out any of the stocks which were bought for sunporting purpos: in y erdi market, traders b me more confident, as to the imme- te course of prices and purchased quite liberally in all quarters of the ist. Outstanding strong features In cluded motor, food, merchandise and independent steel shares, Colorado Fuel gained 2% points, Gimbel Broth- ers 1% and Pullman, New York Dock. Whi Motor and Punta Alegre sugar dis one each. The customary profit tak ing when the gocd news was, out oc curred in Phillips Petroleum, that stock falling back 14% points from its r price. The feature of the early dealing in foreign exchange was as se in French francs which moved 8 points to 6.75 cents. De- mand sterling was up fractionally being quoted at $4.64%. Emphatic gains were made by a number of industrials and specialties during the morning's trading in stock Reports of increases in the price of steel products and expecta- tions of further rises in raw and re fined sugar prices encouraged buying. There was a brisk inquiry also for the usual favorites, including the oll. rubber and tobacco stocks. Shares of companies doing business in Mexico were benefitted by optimistic reports of negotiations looking to the recognition of Mexico by this govern ment. Ratflroad shares were quiet but New York Central and Pittsburgh and West Virginia recorded moderate gains. Colorado Fuel and Kinney were pushed up three points, and gains of 2 to 2% were recorded by Goodyear Rubber, Postum Cereai Woolworth, May Department Stores and DuPont. Call money opened at 4% per cent. Speculative buying _ operations paused generally in the early after- noon following the reductions in Ohio, Wyoming and Louisiana crude oil prices. Phillips Petroleum extend- ed its decline to almost three points whlie Fisher Body made a perpendicu- lar drop of 10 points. Several of the less active shares forged steadily up- ward, Goodyear Rubber, Colorado Fuel and American Chicle preferred, gaining four points and Fleischmann twe. The closing was firm. Speculative sentiment was more hopefully dis posed in the late dealings, oll shares moving up briskly under the leader ship of Standard O11 of Callfornia, which advanced 2% points, Ameri can Can and Iron Products also were conspicuously strong, Porto Rican Tobacco jumped nine points, <t SS t cabs were first introduced to the pub lo in London, in honor of the birth day of K’ng George IV. It is just one hundred years since - Grains -:- Livestock -:- All Markets AND QUOTATIONS BY LEASED PROFIT TAKING BEARS GRAINS Early Gains on Unfavorable Planting Conditions Are Wiped Out. CHICAGO, April by a sudden advance in Liverpool quotations, the wheat market here rose sharply in price today during the early dealings, with liberal buy- ing In progress. Unfavorable weath er acting as a hindrance to seeding northwest counted also as a bullish factor. The advance at Liverpool 24.—Influenced Dom, of Can., 5\%s per cent notes, 1920 —. French Repubtic, 88 French Republic, 744s - Kingdom of Belgium, 7%s Kingdom of Belgium, 6s ---——— Kingdom of Norway, 8s U. K. of G. B. & L, 5% U. K. of G. B, & L., 6%8, 1937 American Sugar 6s American Tel and el. American Tel. and Tel. Armour and Co., 4%s Baltimore anc Ohio cv Bethlehem Steel ref. 6s Bethlehem Steel p. m. 5s Canadian Pacific deb., 58 she was ascribed to active bidding from France and to indications that Aus- tralia was withholding offers. The opening here, which ranged from \% 1%c higher with May $1.25% to $1.26 and July $1.23%% was followed ey slight further gains. Subsequently, heavy profit-taking sales led to something of a reaction. The close was unsettled, %e to 1i%c net higher, with May $1.25% to $1.25% and July $1.23% to $1.23%. Corn and oats ascended with wheat After opening % to % higher, May 79% to 79%, the corn market showed fout Mttle disposition to react. Delay to field work had a further bullish effect later, The close was unsettled % to % to 1%c net higher, May 80% to 80%c. Oats started % to %c up, May 45 to 45%, and later hardened a littie more, Provisions were firmer grain strength. owing to High Low Close 1.26 1.25% 1.25% 1.24% 1.23% 1.23% 1.21% 1.21 1.21% 80% 79% 8036 82% 81% 82% 82% 82% 45% 45 ADK 46% 46 46 45% 44% 45 11.30 11.07 11.20 11.55 11.32 11.45 9.75 9.60 9.70 10.07 9.46 10.00 Cash Grains. CHICAGO, April 24,—Wheat—No. 2 hard, $1.27@1.27%; No. 3 hard, $1.26% Corn—No. 8 mixed, 81%@81%c; No, 2 yellow, 82% @82%c. Oats—No. 2 white, 46% @47c; white, 46@46%c. Rye—No. 2, 86% @86%c. Barley—Nominal, Timothy seed—$5.00@6.50. Clover seed—$12.50@17.60. Pork—Nominal. No. 3 Chicago, Burlington and Quincy r Chicago, Malwaukee and St. Paul cev., 4% Goodyear Tire, 8s, 1931 - nae, 104 Goodyear Tire 8s, 1941 116% Grand Trunk Ry of Can, 7 114 Grand Trunk Ry. of Can., 6s 103%4 Great Northern 76 A_.. 108% Great Northern 6 1-s B 98% Mo. Kan. and Texas new adj., 6s A —— 55% 4s Missour! Pacific gen.. Montana Power 5s A New York Central deb., 6s Northern Pacifié pr. lien 4s Oregon Short Line ref., 43 Pacific Gas and Electric 5s - Penn. R. R. Gen., 6%8 -. 108% Penn. R. R. Gen., 6s - 9955 Reading gen., 4s -—. 8324 Sinclair Ol! Co., Tis --- 100 Standard Oll of Cal., det 1s 105% Union Pacific first 4s 90%, U. 8, Rubber, 74s 107 U. 8. Rubber, bs - 87 86% Utah Power and Lig’ 88% 8834 8845 Westinghouse Electric 7s — 107% 107-107 fallen goes far to justify my efforts, not to propose any change in the policy of this or any other matter, but to give information as to what the league is actually doing.” League Is Not Interested in Drug Traffic — UNDERREAMERS NEW YORK, April 24—When Chairman Porter of the house for- eign affairs committee wrote to Lord Robert Cecil challenging the latter's dec'aration that the league of nations is striking vigorous blows at the drug traffic he exhibited unfamiliarity with the work of the league Lord Robert Cecil answered in a lotter made public last night, “I venture respectfully to stiggest to you,” said the letter, “that the misapprehension into which you have AT YOUR:SUPPLY:STORE BRriecceroRrRtT ‘THE PIPE* FOLLOWS Here’s to a Long Life, and a Merry One! Drink HILL CREST Water Lard—$11.20. Ribs—$9.25@10.25. Potatoes | CHICAGO, April 24.— Potatoes steady; receipts, 144 cars; total United States shipments, 717; Wisconsin sacked round whites, $1.10@1.15 cwt.; Minnesota sacked round whites, $1.25 cwt.; Minnesota sacked Red River Ohios, $1.10@1.15 cwt.o Wyoming sacked Russets, $1.70 cwt; Idaho sacked Rurals, $1.50 cwt. Money NEW YORK, April 24—Call money steady; high 4%; low 4%; ruling rate 4%; closing did 4%; offered at 4%; last loan 4%; call loans against a ceptances 4. Timo loans steady; mixed collateral 60-90 days 5%@5 46 months 6%@5%. Prime com. mercial paper 5@5%, Palmer Canfield, prohibition direc the bay to the 12-mile limit to seo the oe oe pictures brought back, Above agship of the fleet, nonchalantly wi of the Istar, giving tthe alze At the 12-Mile Limit } 82 idea of the size of the vesselg in tor of Now York, took party down alleged “rum fleet.” Flere pee tye the oMcers of the Istar, called the tch thelr visitors. Below is a view the Deg, Se And You Will Have Both. Clear, Clean, Sparkling Water IS THE GREATEST OF ALL TONICS Hill Crest Water is as pure as the morning dew, bot- tled for you as it comes direct from a bubbling spring. Delivered to your home or office in half gal- lon or five-gallon bottles. SPECIAL COOLERS FOR THE OFFICE. Start Drinking for Health Today 426 East Second St, Phone 1151 WASH YOUR HAIR IN HILL CREST WATER It is soft and pure, Hard Water kills hair. Phone i151 426 East Second St,