Casper Daily Tribune Newspaper, April 27, 1923, Page 9

FRIDAY, APRIL 27, 1923. | Oil -:- Finance - he Casper Daily Cribune - Stocks - - Bonds - . Livestock -:- All Markets - Grams - P. & R. TO DRILL DEEP TEST ON FERRIS DOME Section 25-26-86 Selected as Location for New Opera- tion Designed to Test Out Lower Formations In Carbon District The Producers & Refiners corporation is getting the crew out to camp preparatory to going ahead with a deep test on section 25-26-86 in the Ferris In the Salt Creek field the 18-40-78, is being cleaned out No. 2 on section 6-40-78 is rigging up to run the liner. The | well on section 14-39-78 {s baling out preparatory to drilling out cement plugs. In the Lost Soldier field the Wyom- ing-Illinots well No. 4 on section 11- field. company’s well No. 1, section preparatory to shooting. Well 25-89 im running’ 12% I{nch casing. Well No. 2 on the same section has been put on the pump. The Enos Creek test in the Big Horn basin, section 6-46-100 1s drill. ing at 2620 fet. Casper Companies Included In State Incorporations CHEYENNE, Wyo., April 21-—, Articles of incorporation have been filed at the office of the Wyoming secretary of state by the following: Myers Petroleum company; main office, Casper; capital stock, $1.500,- 000; directors, W. A. Myers, G. L. Habenicht, 8. H, Megown, F. D. Sea! and Roy E. Steffen. Westland Otl company. Thermop- ells; $1,500,000; William H. King, John C. Howard, William R. Wallace) Orman R. Ewing and W. R. Calvert, all of Salt Lake City. Valley Realty company; Casper $100,000; W. H. Patten, A. H. Stew- ert and F. M. Zimmers, Thomas Sheep company; Rock Springs; $50,000; William Thoman. B. J. Carollo and A. Kendall. Gasoline Is Forced Down Another Cent In the East NEW YORK, April 27.— The Standard Ot] company of New Jersey today announced another cut of one cent a gallon in the price of gasoline throughout its domestic territory With the exception of a few points where varying adjustments made. This is the second cut with- in a week and {is due, the company states, to @ surplus production of were |* Grace English Lutheran church: Casper; $50,000; James M. Cromer, E. A. Rediske, Robert Heinze, Thomas ‘Thompson, EB. J. Chance, 0. B. Haup- tll, A. B. Shipstead, Charles P, Ames | and George Jourgenson. | Swenson-Willhard Lumber com- |pany; Laramie; $60,000; Nils A. Swenson, John H. Willhard and E. P. Johnson. Muddy Coal company; Dixon; | $10,000; FE. J. McCune GC, M. Beeler, |C. C. Dolan, James Gooldy and E. W. Reader. The G. J. White Engineering com- pany, a $2,000,000 Connecticut outfit and the M. J. O'Fallon Supply com- pany, capitalized in Colorado for $16,- 000 have filed certified copies of their [ articles. | crude ofl and a consequent lowering of prices. The Standard Of1 Company of Lou!- siana, a subsidiary of the New Jar. sey company, also has reduced the price of gasoline one cent a gallon in Louisiana, Arkansas and Tennesses. The Texas company and the Guilt Refining company also announced reductions of one cent a gallon in the Price Of gasoline in their territories. Oil Develops in Wildcat As Casing Is Pulled, Said BILLINGS, Mont., April 29—In pulling the casing from the Barns- dallFoster well about 30 miles west of Billings, a flow of oil was encoun- tered in the Enge sands at a depth of 1140 feet, which had been cased off when the bit went through the @ands on its way down for a depth of almost 4000 feet. ‘The oil is flowing at a rate estima ed to be a barrel an hour. The Eagle sand in this field is known to be about 240 feet thick and there {x practically no gaz or water pressure behind the oil, geologists say. J. W. Elles, recognized geologist in Montana, declared today that the showing at the Barnsdall-Foster well indicated that the Lake Basin field will be long lived. Pacific Coast Companies To Reduce Crude Purchase SAN FRANCISCO, Cal., April 27.— The Standard Ot! company of Califor. nia, the Associated and Union Oil companies and the General Petroleum company have entered into an agree- ment to buy from the smaller produc- era merely the maximum amounts on crude of] contracts as a means of meeting an over-production period, it was officially announced here. Heretofore tho smaller producers Drilling To Be Resumed In Sheldon Dome Test Soon’: At the Marine Off company's test on Sheldon Dome, section 9-5-2, 2,000 feet of 6%-inch casing has been pulled, leaving about 800 feet in th hole. This will be sidetracked and @rilling will proceed with f-inch tools. ‘The necessity of pulling the casing ‘was due to developing several bends in the pipe when !t was dropped while moving it after underreaming. The company’s drilling report on its Balt Creek wells is as follows: have bene delivering in excess of the maximum owing to flush production. In cases where contracts are about to expire, a lower maximum will be fixed in the new agreements, it was announced. Recen®y the Standard Oil company announced that it would curb “produc. tion at the wells in order to meet the emergency, Taylor Lense. Taylor No. 1, section 20- cleaning out, preparing to shoot. Taylor No. 2, section 20-3978, at 2,490 feet, through first Wall Creek sand. Taylor No. 4, 1,810 feet. Marine Lease. Marine No. 6, section derrick is up. section 20-39-78, at 17-39-78, Silver NEW YORK, April 27.—Foreign bar ailver, 67%c; Mexican dollars, bi%c. LONDON, April 27.—Bar ailver, 82%4 per ounce, Money, 1% per cent. pth Aude atl og B. H. Aderton, who has been tho assistant general superintendent in the northern Wyoming district the Producers & Retiners corporation, has been transferred to Rawlins assistant general superintendent the southera Wyoming district, in for | aa| NEW YORK, April 27.—Call money strong; high 6; low 544; ruling rate 5%; closing bid 5%; offered at 5%; last loan 5%; cal? loans against ac- ceptances 4%; time loans firmer; mix- ed collatera 60-90 days 54@5%4; 4-6 months 5%@5%. Prime commercial paper 5@5% ———_— Flax DULUTH, Min ing flax seed May Seed. April | 3.16% asked; July | Grass 3.01. New York Stocks Allied Chemical & Dye -... Allis Chalmers American Beet Sugar American Ci ‘an American Car & Foundry -. American Hide & Leather pfd. - American International Corp — American Locomotive American Smeting & Retg. American Sugar American Sumatra Tobacco -. American T. and T. -. American Tobacco: - American Woolen Anaconda Copper -. Atchison Alt., Gulf and West Indies Baldwin Locomotive - Baltimore and Ohio Bethlehem Steel B Canadian Pacific Central Leather Chandler Motors Chesapeake and Ohio ~ Chicago, Mil, and St. Paul - Chicago, R. I, and Pac. «. Chino Copper Colorado Fuel and Iron Corn Products ~—.—~---.. Crucible Steel -...--..--. Erle --. Famous Players Lasky --.-~-. General Asphalt -—. General Electric Genera! Motors Goodrich Co. Great Northern pfd. - Tilinois Central Inspiration Copper Initernational Harvester Int. Mer. Marine pfd. -. International Paper oil Invincible Kelly Springfield Tire Kennecott Copper Loulsville and Ni Mexican Petroleum Nat. Lead ..-. Miam! Copper Midcfe States Oil -. Midvale Stee! Y jourl Pacific York Central -. . H., and Hartford - hville Norfolk and Western Northern Pacific Oklahoma Prod. and Ref. -. Pacific Oil Pan American Petroleum Pennsylvania People's Gas - Pure Oil Ray Consolidated Copper Reading Rep Iron and Steel Royal Dutch, N, Y. ----- Sear Roebuck Sinclair Com Of -. Southern Pacific Southern Railway -----— Standard Ofl of N. J. - Studebaker Corporation - Tennessee Copper Texas Co. Texas and Pacific -.—.-. Tobacco Products ex div. Transcontinental O11 Pacific Union United Retail! Stores -. U, 8. Ind, Alcohol ---. United States Rubber -—- United States Steel Utah Copper -. Westinghouse Electrio Willys Overland American Zinc, Lead and Sm. - Butte and Superior -- Cala Petroleum - Montana Puwer - Shattuck Arizona Chicago and Northwestern - Maxwell Motors B - Consolidated Gaa Gerat Northern Ore - American Linseed Oil M1eB 280B 67% 81% 82 6 Standard Oil Stocks Anglo Buckeye Continental Cumberland Galena Illinois Indiana Nat. Tran, Y. Tran Nor, Pipe Ohio Ot Pratrie Ot Prairie Sola rRef. Sou. Pipe 5. 0. 0. ° oO. N.Y. ©, On! Vacuum Ss. P. Oil $. 0, Ind. Rock Creek Salt Creek Lance Creek --— Cat Creek Osage Big M Mule Creek ————________— Hamilton —--———--—--—---—-- Creek - Torchlight Elk Basin Greybull Sunburst Pipe 104 10% 216 109 192 107 46% 95% 235 42% 295 49% 168 lh 117 110 170 100 26% 180 106 1% 220 110 195 109 41% 95 245 43% 300 49% 160 62 . Crude Market | $1.65 SREY Vj TS 2.05 2.00 1.55 1.25 1.55 2.00 2.00 2.00 2.00 1.00 Butter and Eggs CHICAGO, changed 033 firsts 3% @ 5; storag pack first case f' Ap mee 724; pa 21. rit 27. higher 25@2 miscellaneous < extras 2814; Butter receipts 80 % oO} un- rdinary 24%@ storage Oil Securities (By Wilson. Cranmer & Company) LOCAL OIL sToo Asked Burke ... - Blackstone Salt Creek Chappell Columbine - Consolidated Royalty. 1. Capitol Pete Cow Guich Domino Etkhorn -- Bb. T. Williams Frantz Gates .. Kinney Jupiter Kinney Coasta\ -2__ Lance Creek Royalty-. . Lusk Royalty Mike Henry Mountain & Guif Outwest ._.. New, York Oil Ret Bank ~ Picardy ~- Royalty & Producers - Sunset — Tom Bell Royalty E Western Exploration — 3.75 Wyo-Kans Western Oil Frelds_ Western States ~. ¥ on 200% 003% 2 Mountain Producers -$ 16.50 Glenrock Of) 1.06 Salt Creek Prd: 21.50 Salt Creek Cons. 11.25 Marine 4.87 Mutual — 11.87 S. O. Inflane. 61.62 Cities Service Com. -- 162.00 N. ¥. OM -.. 15.00 Mammoth 52.00 3a First 4s Second 4s First 4%8 -----——---—----- Second 44s ~ Third 44s Fourth 4\s -. Victory 4%s Livestock Chicago Prices. CHICAGO, April 27—{U. B. De partment of Agriculture.)}—Hogs re: ceipts 18,000; mostly ten to 18¢ high: er to shippers and small killers; top 8.15; bulk 150 to 225 pound averages 7.95@8.10; 240 to 800 pound butchers 7.770@7.90; packing ‘sows 10 to 29 higher; mostly 6.35@6.65; pigs strong; 100 to 125 pounders 6.25@ 6.75; “heavy welght hogs 1.45@7.95; medium 7,85@8.10; light 7.75@8.15: light lght 7.00@8.00; packing sows smooth 6.50@7.00; packing sows. rough 6,006.60; killing pigs 6.25@ « ste attle receipts 3,000; generally jy; she stock uneven; killing qualty plain, seventy head teers fed experimentally at Ames, Iowa, 9.75@10.00; twenty-one head at lat« ter prices; bulk beef steers and year- lings 8.2549.00; one ond 9,60; mixed steers and heifers and heifer year: lings 9.00; plain kind 8.00 and belo stockers and feeders fairly actlve; one | load half fat kind on Mineral Point | Wis, accoung late yesterday 9.10; bulk thin stockers and feeders 6.50@ | 7.75; bulk vealers to packers 8.50 downward; few to shippers and sinall | killers and above. | Sheep receipts 7,000; lambs steady | to 1hc higher; spots 250 higher; top | wooled lame 15.00 to shippers and packers; three loads Navajo 80 pound | lambs 14.25; clipped lambs mostly | 11.26@12.00; two loads 104 pound t exporters 10.50; other heavies 10.15 | downward; sheep steady; best wooled ewes 9.00; clipped ewes 7.00@7.25 Omaha Quotations, OMAHA, Neb., April 27.—(U. 8. De- partment of Agriculture.}—Hoge—R. celpts, 10,000; fairly active, fully 1 higher; bulk butcher hogs, $7.45@ extreme top, $7.60; bulk packing sows, $6.40@6.50; stags, $5.50. Cattle—Receipts, 2,100; general active; beet steers, steady to stro spots, 10c higher; top load, $9.40; odd head, $9.50; bulk, $8.00@9.00; she stock, fully steady; bulk cows and heifers, $5.50@7.60; top cows, bulk canners and cutters, $3. bulls, strong; bulk bolognas, $4.50@ 4. veals, atrong; top, selected Ughts, $10.75; stockers and feeders ree and nominally steady. Sheep—Recelpts, 2,000; lambs, 15@ | 250 higher; best wooled lambs, $14.65 bulk fed clipped lambs, $11.45@11.60; top, $12.25; sheep and feeders, steady; [shorn ewes, $7.75@8.00; shearing |lambs up to $14.15. 0@4 Denver Prices. DENVER, Colo., April 27—Cattle— Receipts, 284; market steady; beef steers, $7.00@9.25; cows and heifers, $4.50@8.00; calves, $4.50@13.75; stock ers and feeders, $6.50@8.00. Hogs—Receipts, 300; market stead: top, $7.50; bulk, $7.35@7.40. Sheep—Receipts, 2,400; market 10¢ to 20c higher; lambs, $13.00@14.25 feeder lambs, $13.00@13.75; ewes $6.00@9.00. Potatoes CHICAGO, April 27.—Potatoes, dull; receipts, 106 cars; total U. 8. ship. ments, 665; Wisconsin sacked and | bulk round whites, $1.15@1.30 cwt mostly $1.25@1.30 cwt.; Minnesota stacked whites, $1.00@1.10 poorer, 90¢ cwt.; Minnesota Red River Ohios, $1.00@1.10 }poorer, 90¢ ew orth Bac whites @$1.10 Idaho sacked sacked Dako! STOCK PRICES ARE IRREGULAR Conflicting Movements Char- acterize Trading on New York Exchange. NEW YORK, April 27.—The trreg ular movement of prices continued in today's relatively quiet stock market Liquidation of the oll shares on an nouncements of further cut in gaso Une prices was offs: by bullish dem: onstrations in the motor and motor Accessories issues on reports of large current earnings. Trading was some- What restricted by the high © call money rates, Sales approximated | 635,000 shares. NEW YORK, April 2 Price movements took place at the opening of today’s stock market Stewart Speedometer vanced a poift and Studebaker, Ba win, Consolidated Gas, Lima Loco. motive, Marland and Norfolk and Western improved fractionally. Beth lehem Steel “B" ylelded slightly on publica of a report showing that the divdend for the first three months had not been earned, Corn E du Cosden, Texas’ company and Missour! Pacific preferred also re- ded slightly. Price changes continued mfxed in the later trading with marked strength being shown by the tobacco and foc shares and selected list of specialties. American Tobacco “B", Consolidated Ct and United Retail Stores each advanced one point and Tobacco Products half, the last named at a new high record. Gains of a point or more were registered by Chandler Motor, Dupont and Sim- mons Bed. Baldwin cancelled its early gain and dropped a point below last night's final figure. Losses © one to two points also were recorded by American Zine preferred, Amer ican Ice, Crucible Steel and American Beet Sugar. Foreign exchanges opened irregular. Demand sterling dropped half a cent to $4.62%, the lowest price of the year and French francs advanced 3 points to 6.81% Conflicting eculative operations on the long side of the market were hampered call money which opened and re. newed at 6% per cent as compared with 4% yesterday. Additional cuts in gasoline prices reswted in short attacks on the of] shares, several of which ylelded 1 to 2 points. Pro nounced weaknons also was appar ent in some of the independent stcel and equipment shars. Several specialties, however, developed mark ed strength, notably EYeischmann Yeast, Cuyamel Fruit, Jones Bros, Tea, Mathfeson Alkall, American and Paper, International Paper pre ferred and Consolidated Cigar, all up 1 to 2 points, some of them in re sponse to pool operation: Confilcting movements character- {zed the early afternoon dealings Bidding up of motor, rubber and au- tomobile accessory shares to the extent of 1 to 2 points failed to offaet the depressing effect of 6 per cent call money and liquidation of special stocks. Pacific Oll, Plerce Ol pre: ferred, People's Gas, American Agri cultural Chemical preferred and Vir- ginfa Carolina Chemical preferred yielded to thelr lowest price of the year, The closing was trregular. Short interests again attacked the ofl group in the late dealings and succeeded in touching off some stop loss orders which resulted in declines of 1 to 3 points in a number of popular issues. Motor shares were strong, faa a MIDWEST GETS OIL LEASES Bids for of] and ges operating leases on the north half of the south east quarter, and the north half of the northe: quarter of section 19-46-98, Grass Creek field, recently asked by tho state land board, have been withdrawn, the leases having heen awarded to the Midwest Refin ing company. This information was recelved today from C. W. M Whinnie, state land commissioner. Sugar | NEW YORK, April 27—Sugar sfu- tures closed irregular; approximate sales, 19,000 tons; May, $6.50; July, $6.64; Sept., $6.75; Dec., $6.24, There was no’ improvement in the demand for refined sugar and prices were un- changed at $10.05 to $10.25 for fine granulated. KG. FESTIVAL GREAT aUCCtoD GRAINS FAIL TO HOLD TO GAINS Rally Develops in Chicago} Trading but Prices Are Not Maintained. CHICAGO, Oprfl weather northwest improved seeding conditions for the spring crop, lower pri ed in thi arket today during the ear dealings, reports were at hand a t rains had grently helped at crop of important 3, ka in particular. nes shown by quotations at Liv counted as an additional bearish factor. The opening here, which ranged from %c to %o lower, with May, $1.25% to $1.25%, and Ju 24 to $1.24%, was followed er setback and then thing of a ral Export busin moderate, and develop n unsettled at with May, July, $1 Corn wheat lowe —With better giving promise of 80) 8 proved to be only ice rallies failed t The close was 1%o net decline, $1.25% to $1.25% and to $1.23%. oats were easier with| r opening a shade to %ec Sle to Sl%sc, the corn market r ttle more and then recovered somewhat. Offerings of corn vators here had ater. The clos to 1%e n Oats %o to from private ele- a bearish influence was weak, 14@1%¢ May, 80%4c. artoc Ye decline to a like May, 45%c and later showed nturns for all months. Higher quotations on hogs ga firmness to prov Low 1.25 1,23 1.20% 80 81% Sept. 81% Oats— May July Sept. Lard— May July Ribs— May July Aim ABM Ai% 11.17 11.42 9.65 10.00 9.55 9.90 Cash Grains. CHICAGO, April 27.—Wheat—No, %@1.2 Yo. 2 mixed, y 83% @85c. "83% @84e; No. Dom of Can., 514s per cent no! French Republic, 8» French Republic, Kingdom of Belg! | Kingdom of Bel Kingdom of Nc U. K. of @. J ot G. American Tel American Tel an Pacific . bs {cago, Burlington and Q Chicago, Milwaukee and Goodyear Tire, 8, 1931 . Se, 1941 Grana Trunk Ry, of C rand ‘Trunk R; Northern, n., 78 Oregon Short Pacific Gas and rR. R Penn R. R. Reading Gen., inclatr Ol Cc Standard Ot! of Cal., nion Pacific First, U Rubber, 7448 S. Rubber, 5s ~ Utah Power and Light, Western Union 6148 Westinghouse Electric MISS MERRILL WINS WATCHAT Leather Char Will Be 40%: %0 cy tite on. banks 40s Given Away Tonight |i. Ganana ssrity cavtes 08, Gee At Festival. man 0033%; cables .0034, Holland demand 3903 cables 8906. Miss Ardele Merril! was the lucky! winner of a lady's gold watch which Norway demand 1740; Sweden demand 0; Denmark demand 1872; Switzer- hed been put up as a prize last night at the Moose frolic. Miss Merrill lan demand 1814; Spain Gemand 1528; reece demand 1107; Poland demand 0021; Czecho'Slovakia demand 29° will have her choice ‘of several|Arsentine demand 2600; Brasil de- watches on display at the jewelery store. The prize wh be given away tonight will be a $650 scheduled for 10:30 p. m. is free during the evening {lable for April 27—¥Foreign y Quotations in demand Oats—No. 2 white, 47@47% white, 46% @47c. Rye—No. 3, 85@85%c. Barley—64@75c. Timothy seed—$5.00@6.50, Clover seed—$12.50@17.00. Pork—NominaL. Lard—$11.17. Fibs—$9.12@10.00, 12 PERISH IN NEWYORK FIRE (Continued from Page One) dow sills and were brought to safety after thrilling rescues, Many of the tenants, clad only in their night clothes, fled down a rear fire escape which ended at the first floor, feet above the ground, A taxicab driver drove his car beneath the safety platform, the fire victims dropping to the roof of the car and from there to the ground. Many of the injured were taken to hospitals in the same cab, Today's firo was-in a story tene ment house within three blocks of a «six floor strncture at Lexington Ave and 110th street in which 15 per- sons died in fire last October 21. The Lexington avenue fire was said by police to have been of incendiary origin. The origin of today's fire has been determined. ape Metals NEW YORK, easier; electrolytic @16%. Tin firm; futures 45.50. Iron steady unchanged. Lead easy; :spot 7.80@8.00. Zinc easier East St. Louls spot and nearby de- very 6,90@7.00. Antimony spot 8.00. April 21.—Copper spot and futures, and spot nearby 44.75; EVANS OIL CORPORATION Is‘ Drilling Two Wells. ‘The Oom Pah which ts being given by the Knights of Columbus to se- cure a fund for a clubhouse went over big last night at the Mullin club, Seventh and Wolcott streets. If the interest which was shown last night by the audience is kept up this evening the second performance ought to be a success also. Dancing and singing were featured n! the entertainment program. A musical program was given un firection of Mrs. Madelyn Mrs, Don Lobdel) sang and th Jorothy He and If xecuted se " Indies ah are holding a bazaar ber. uxiliary of t) Idaho sacked ; Mostly $1.75@1.80 cwt. ion with the Oom Pah. SWAN UNDERREAMERS » AT.YOUR SUPPLY:STORE BricesesorT “LOSE'NO CUTTERS” mand 1075; Montreal 98 1-32. solid leather rocking chair furnished by the Graham-Shiclds furniture ~ VV AN store. ‘The holder of a season ticket RREAMERS Will be eligible to compete for this prize. The person who has the lucky number, which will be given him at the door, will win the chair. ‘The Moose frolic has been keeping up to the standard set for It by the advance notices of {ts features, On the Hst of features tonight 1s to be a sensational escape from a heremetic ally sealed box after it has Leen closed and bound by local persons. This act will take place at 8 o'clock A serion of cabaret features will be PIPE WRENCHES Double Acting Jaws Non Slip Adjustment Will Not Grush Pipe TWO IN ONE Buy a set of Monkey Wrench Jaws to fit your Lareo Pipe wi bh SIZES Note Frame 10’, 14’, 18% Construction Guaranteed une breakable under any strain or side pull— Jaws cannot get out of line— Use a Larco on your next job—and ¢et a new kind of wrench satisfaction. Pipe wrench sizes—8’, 10’, 14’, 18", 24° Your ply hi has LARCO WRENCH & MFG. CORPORATION CHICAGO, ILLINOIS mor write WASH YOUR HAIR HILL GREST WATER It is soft and pure, Hard Water kills hair. Phone 1151 426 East Second St.