Casper Daily Tribune Newspaper, May 4, 1923, Page 9

a y FRIDAY, MAY 4, 1923. Cpe Casper Daily Cribune Oil -:- Finance - ‘NEW OPERATIONS ARE REPORTED BY P. & R. Drilling in Progress on Several New Tests in Wyoming; Salt Creek Well Shot; Another ‘Waiting For Test of Cement Considerable activity in new weekly 7-26-89, has been cleaned out being shut down for the winter. The test well on Bodie dome, sec- tion 83-31-80, southwest of Casper in the aBtes Hole country, was spudded in April 30. A new well has been started in the Baxter Basin field on section 13-17: 104. Preparations were made for drilling this well last fall but opera- tions have been shut down through the winter. The Simpson Ridge test on section 20-21-80 has been badly delayed due to heavy rains making !t n to haul material for the rig in with teams, The well on the Thornton struc: ture, section 8-48-65, has been cleaned out and work will proceed on the test immediately. , drilling report of the Pro Ferris field, well No. 22 on section 25-26-86 has been in to 20 feet and in the Wertz field, well No. by the In the spudded 8 on section ready to go ahead after The status of the company’s other operations are as follows: Salt Creek. ‘Well No. 2, section 14-39-78, walt- ing on cement test after drilling out plugs before going ahead. Well No. 1, section 18-40-78, given Ne&ht shot but no test made. Lost Boldier Field. Wyoming Ulidots well No. 4—Drill- ing at 780 feet. Sherar? Dome, Well Ne. i—Section 14-25-89—Drill- ing at 750 feet. Enos Creek. Well No. 1—Section 26-46-100— Underreaming at 2620 feet. SperaHens is shown ucers & Refiners. and is Many Corporations Are Chartered by the State CHEYENNE, Wyo. Mary 4.— Articles of incorporation have been filed in the office of the Wyoming secretary of state by the following:: Mutual Loan association, capital stock $200,000, headquarters Cheyenne. Bircumshaw *Oil company, capital stock $25,000, headquarters at Basin. Security Land company, capital etock $25,000, headquarters at Sara: toga. Heitz Hardware company, .cap'tal stock $25,000, hertqusrters Rock Springs. : Colonial Club, Inc. no capital stock, Casper. The Union Trust company, an Il Unoils corporation with a capital stock of $2,000,000, and the Hyland Oll & Refining company a Utah cor. poration with $250,000 capita! stock, filed certified articles of incw-pora- tion. < The Preston O!l company filed cer- tiffeation of increase of capital stock from $100,000 to $500,000, Six Wells To Be Drilled In Brenning Basin Field Six wells will be drilled in the Brenning Basin field, in -Converse county, this spring by the Burns Ofl & Developmet company on its "640 actre tract, according to an &n- mouncement made here. A 1,000 bar rel tank is being constructed and Grilling will start in a few days, The Brenning Basin field produces @ high grade perafin base oil from Shallow wells at a depth of 240 to 865 /feet. “The of] is found in a shale and the wells are expected to settle to about 10 barrel pumpers. he field is well fixed to market its Product. The Wyatt ON company’ Pipeline, at present out of repa' runa to Fort Fetterman and the Sin- clair'’s new line to Kansas City run: through the basin. The Burns com pany plans however, to build a 50- barrel still to make gas which cgn be marketed locally, George C. Davis, Casper contrac- tor, is president of the Burns com- pany; John Kelly, viceptesident and W. A. Burns the secretry-treasurer. The company expects in the near future to obtain permits on an addi- tional 640 acres adjoining the tract which it has leased. Brief News of Interest On Oil Operations In Montana ‘ =~ Ot] developments in the Montana fields are summarized as follows in the Inland Of] Index: The Hoover-Swarts well, seuthwest quarter of section 11-15-29, had a showing for a smal well in the sec- ond sand, but will plug back to the first cand where @ 60-barrel well is expected. Peerless Of Producers has set cas- ing at 2,480 feet in its deep test on Brush creek. It is reported that the Continental Supply company bid in the nine line and other property of the Montan In- dependent Pipe Line company at sher- iff's sale on. April 21. Spokane-Roundup syndicate reports ® showing of ofl at 1,880 feet on sec- tion 9-11-25 in the Devil's Basin dis: trict. Oll has been cased off and hole Will be dritled deeper with present depth at 1,950 fect. Absaroka Oll De- velopment company has atarted a d@ep test in the same section. Test of the Beck Petroleum com- PaAny near Lothain, is drilling around 2,000 feet. The first Kootenal sands @re expected at about 2,100 feet, Montane Drilling Equipment com: pany has resumed drilling tn test on Bauley dome which has been stand: ing since early last winter. A stri of 5 8-16 Inch casing has been set at 2,020 feet. It is reported that the Steeler Oi! wompany has eight tests under way on the Porcupilen dome, No, 1 is standing at 1,685 feet; No. 2 is stand- Wing at 1,206 feet, No. 3 is standing at 1,250 feet; No. 4 is standing at SWAN UNDERREAMEF > G AT YOUR SUPPLY STORE BRipecerort LOSE’ NO CUTTERS i 1,800 feet; No. 5 has eet eight-inch casing at 195 feet; No. 6 is stand: ing et 650 feet wtih a strong flow of gas; No. 7 is rigged up and ready to spud in and No. 8 is a location. Carter, Mid-Northern and Home stake oll companies are !aying a 11- inch pipe ine from the Maris river to the Beaupre reservoir which will fur- nish water for drilling’ s in purpose; the Kevin-Sunburst field. The esti- mated cost of the proposition is $75,- 000. Ohio Ofl company has completed a 87,500-barrel tank at its Sunburst sta. tion ang i again buying ofl for stor- age. It has the foundation laid for an 80,000-barrel tank and when the pres- ent storage program {ts completed will have room for 260,000 barrels of crude. Western Petroleum Exploratign company has located its No. 2 well on section 12-85-24, Kevin-Sunburst strub- ture. The company expects to drill five wells or each fifty acres that it holds, Mid-Northern Off company will start a new test in the Lake Basin istrict to be known as No. 1 Hepp. It will be located in the northeast quarter of section 26-1-21. The first test started by the same company in this district is now drilling at about 700 feet. T. 5S. Hogan ot al., have tested No. 2 Helmirch northeast quarter of seo- tion 22-852 Kevin-Sunburst field: and It 1s reported to have made 350 bar- rei the first 24 hours. The Arro Refining company has completed a new 10,000-barrel steel storage tank at its refinery ni Lewis- | town. Refinery experts to add 15,000 more barrels of storage iene eer, - According to a r mm. In- nett Northern ‘Pacific ralirona has re- tained ofl and gas rights on all lands which it sold in the Flatwillow atruc- ture area, since 1914, The Sunburst-Mid-Continent-Britton on section 6-352, KevinSunbupst structure, which came into commer clal production from the ‘Kootenai sands at @ depth of 1,570 feet will be drilled to the Ellis sand It {a reported that the Sunburst Oi and Gas company will furnish the Hursy refinery at Spokane with American International Corp — 26% American aa 1k American Smelting & Refg. _. 60 American Sugar 75 American Sumatra Tobacoo -.. 76% American T. and T. -.-....- 121% American Tobaceo —...-... 150% American Woolen -—-..—.... Anaconda Copper .. a Atchison ex div, oo Atl, Gulf and West Indies .... Baldwin Locomotive -.-.. Baltimore and Ohio Bethlehem Stes! B == 60 Canadian Pacific -_____ 150 Central Leather ——— na 90% Chandler Motors ann = 68 Chesapeake and Ohjo ~-__-.. 65% Chicago, Mi land St. Paul —. 21% Obicago, R, I. and Pac. --.-. 29 Chino Copper ~-ne-newe—————— 24% Colorado Fuel and Iron —___ 30% Cruc‘ble Steel - 70% Corn Products —annn 128% oc ee me ewmnnaenne | 105% Famous Lasky sc. 81% General Asphalt -- mennce= 40% General Zlectric 114% Genera! Motors 16% Geodrich Bo. 34 Great Northern pfd. 71% Illinois Central ex Civ. 108% Inspiration Copper -- 35% International Harvester 86° Int. Mer. Marine pfd. International Paper Invincible Oil --_.. Kelly, Springfield Tire Kennecott Copper — Louisville and Nashville __.__ 140% Mexican Petroleum -...__ 240B National Lead -_..W-__. 120% Miam{ Copper —_ Middle States Oft Midvate Steel ____ Missourl Pacific -___ New York Central Pacific Off _--________. Pan American Petroleum Pennsylvania -- People’s Gas Pure Oil -_.. -. Ray Consolidated Copper Reading Rep, Iron and Steel Royal Dutch, N. Y. Sears Roebuck -. Sinclair Con Ol1 - Southern Pacific -. Southern Ratlway Standard O! lof N. J. ~. Stugebaker Corporation Tennessee Copper -. Texas Co. - 4. Texas and Pacific Tobacco ProCucts ‘Transcontinental Otl Union Pacific United Retail 81 — U. 8. Ind. Ateohol ---.—. United States Rubber -__. United States Steel Westinghouse Dlectric -. Willys Overland -..-—-. American Zinc, Lead and Sm.- 14% Butte and Superior -_-_______ 28 Cala etroleum ------——----- 88 Montana Power -—--.-..---. 66% Shattuck Arizonm ---..-... 8 Chieago and Northwestern 78 Maxwell Motors B ----...... 17 Consolidated Gas -. a4y Great Northern Ore -.___-_ 3013 Anglo —--____. 18% 17 Buekeye ~~... 87 88 Continental -- 40% 41 Cumberland --.__-. 112 118 Galena, — 108 Iilinols —-—___-_____ 165 Indiana eaten OF: Sou. Pipe --------.-. 98 8. 0, Kan ---.-----. 44 1 iQ. WY, arenes | 8195 8, 0. Neb, —---____. 280 5.0, N. —-- 40% 5, 0. SH TN ‘Vacuum 48% i eT 8. 0, Ind = 60% crude petroteum from the Kevin-Sun- burst district, Homestake Exploration company fs Ariiiing delow 2.800 feot on test on Bowdoin dome, This test has had sev- eral showings of oll and gas. ‘Test of the Shields Valley district in the Potter basin district near ling {s reported drilling at about 1,200 feet. California company witl 4rifl = deep test well on the Shawmut enticline on section 34-7-16, about ten miles south- east of Harlowtown, Tho Brainerd Petroleum company of Brainerd, Minn., has taken on a large block of land‘in Wiathead coun: ty, and will drill « well there this summer, Silver NEW YORK, May 4-—Yorelgn bar silver, 67%o; Mexican dollars, 51%c, LONDON, May 4,—Bas_ asilvex, 83 18-16d pew gence Money, 1% per cont, AND QUOTATIONS BY LEASED Buck Creak ~.--—__ .16 18 Burke CERES Ea TY Blackstone Salt Creek .25 38 Chappelh 37 39 Columbine san 13 Bt Consolidated Royalty 1.38 Capital Pete Cow Gulch ee ee Se Kinney Coasta’ 26 Lance Creek Royalty... .03 Lusk Royalty 01 Mike Henry. 01 Mountain & Gulf --. 1.43 1.46 Outwest ..-... —. 00% New York Oil — At Res. Bank —-- lL .09 10 Picardy .... Sees s 106 06 Royalty & Producers 10 Sunset 03 Tom Bel = 202 Wetitern Exploration— 3.80 Wyo-Kans --_.. 35 Western Of! Frelas 80 Western States - +23 ¥ on 10 NEW YORK CURB CLOSING Mountain Producers -$ 16.76 $ 16.87 Glenrock Of] --... 95 1.08 Salt Creek Pras. 20.75 20.87 Salt Creek 10.13 10.37 MVring -. 4.76 6.00 Mutual 11.250 11,37 Ss. O. Ind - - 60.12 60.37 Cities Service Com. — 160.00 162.00 New York Oil — - 18.00 15.00 Mammoth Of1 ----... 62.00 58.00 LIBERTY soxns 8%e) —---—----—_--- —- $101.18 97.32 97,33 97.68 97.5 98,29 97.81 100.00 Cat Creek Lance Creek Ovage Grass Creek ————~-—.)..---... 1. Torchlight aaeemererereret 1.90 Ek Basin ... erie aewna 1.90 Greybull ..———-———-. .------=~ 1.90 Sunburst —- + 1.90 Rock Creek 1.55 Salt Creek -. ~ 1.45 Big Muddy -—~~~~.--.-. + 14e Hamilton —_. = 1.46 Mule Creek 1.15 Livestock Chicago Prices, CHICAGO, May 4.—(U. 8. Depart- ment of Agriculture.)-—- Hogs—Re celpts, 80,000; slow, steady to 10c lower; big packers holding back; top $8.20; bulk 160 to 225 pound ayer. ages, $8.10@8.20; 240 to 825 pound butcher $7.80@8.05; packing sows $6.50@6.85; pigs, 15¢ to 25¢ lower; desirable 110 to 180 pound averages, $5.76@7.35; heavy weight hogs, $7.50 @8.10; medium, §7.85@8.20; light, $7,80@8.20; light light, 13.10; packing sows, smooth, F packing sows, rough, killing pigs, $6.00@7.50. Cattle—Receipts, 3,000; fairly ac tive; beet steers and she stock, steady to strong; spots, higher; top heavy steers, $9.75; best long yearlings, $9.65; two loags about 1,500 pound Nebraskans, $9.70; bulk beef steers, $8.50@9,50; bulls in liberal supply, slow, weak; other classes generally steady; bulk vealers to packers, $8.50 @9.00; few $9.25@9.50, upward to $10.00 and above to shippers; stock- ers and feeders, firm; bulk, $7.00@ 8.00. Sheep—Receipta, 17,000; desirable Ught and handy welght lamb: strong; otrer slow; top wooled lim! >t ther Colorados, thoice 87 pound shorn bulk, $12.65 @12.75; some heavies around 107 pounds, $10.65; practically no sheep here; undertone weak, Omaha Quotations, OMAHA, Neb., May 4—(U. 8, De- partment of Agriculture.)}—Hogs—Ro- celpta, 11,000; market slow, about 8,000 medium and light butohers to| shippers, 5@100 lower; bulk 190 to| 240 pound butchers, $7.30@7.40; top, } $7.50; bulk 225 to 825 pound butchers to packers, §7.20@7.25; mostly 150 lower; packing grades 150 lower; bull sows, $6.15@6.25. Cattle—Receipts, 2,000; very active; beef steers, strong to 10@15c higher; top, $9.80; odd head, $9.50; bulk, @3.00; 6 stock, bulls and veals,| steady; bulk cows and heifers, §5.75@ 7.60; bulk canners and cutters, $3.50 @4.50; bulk bolognas, $4.50@4.75; top light veals, $11.00; stockers and feed. ers, unchanged, Sheep— Receipts, 6,000; lambs, strong to 250 higher best California spring lambs included 83 pounds at $15.00; bulk fed clipped lambs, §12.65 @12,.85; no cholce light lambs in- cluded; scarce and steady; shearing lam! strong; 80 pound shearing lambs, 614.75, Denver Prices, | DENVER, Colo,, May 4,—Cattle—| Recoipts, $45; market steady; beet steers, §7,00@8.75; cows and helfers, $4.50@8.00; calves, $4.50@18.50; stock | ers and feeders, §6.5008,00, Hogy—Reeelpts, 615; market steady ta 100 lower; top, §7.50, Bhs eolpts, 3,180; market strong to 100 higher; lambs, $13.75@ 14,26; feeder lambs, §13,75@14.50) ewes, $7,00@8,00, Setiocemeaeniadcaneall ‘STOCK LOSSES 0 | recelpta, 3; ments, 450) Wiscenain sacked round | whites, ARE RECORDED Unsettled Opening Turned Into Decline by Big Selling Movement. NEW YORK, May 4.—Heavy sell- ing by professional short interests ‘gain undermined today's active stock market, forcing many of the leading issues to new low levels for the year. Industrials sagged one to five points and railroad shares one to three points below yesterday's final figures. The closing was steadier. Sales approximated 1,550,000 shares. NEW YORK, May 4.—Speculative sentiment was still unsettled at the opening of today's stock market. in- {tial transactions showing highly tr- regular changes, Selling pressure was resumed against a number of spec ‘altles, Stewart Warner breaking 44 points and National Lead dropping & point to a new low record for tho| year. ,Consolidated Gas yielded 114 points. American Can advanced 114 and Crucible and Gulf States Stee! Baldwin and Pacific Oll made moder- ite recovery from yesterday's heav- ness, Bear traders launched another heavy attack shortly after the open- ng, touching off another large vol- ime of stop loss orCers, Stewart War- ner extended its break to 7% points, touching 97. New low records for the year were made by United States Steel, Missourt Pacific preferred, Pa- ‘fic Gas and Electric, Western Un- ‘a and American Metal, Atlantic coast Line dropped 1% to 110%, Du~ Dicating ite previous low, Losses of 1 to nearly 2 points were recorded Brooklyn Union Gas, Savage \rms, General Electric, Mack Truck, ron Products, Transue Willams, teynolds Spring, and Famous Play- ors. DuPont and Timken Roller Bear- ng were each up one. Foreign ex- changes opened irregular. Demand sterling dropped % of a cent to 14.62% an the French gains 3 points © 6.69 cents. German marks were juoted at .0027% cents, Operations for the short account ‘vere conducted with marked success ‘uring the morning but the bears met tiff resistance when they attempted o further recessions in pivotal tocks. Equipments, food and motor accessory shares ylelded to selling pressure but good buying support oy was apparent in the olls, independent | / steels, copper and certain raflroad shares. Additional new low records or the year were made by Baldwin, American, Locomotive preferred, \merican Car, Marine preferred, \merican Sugar, Standard Milling, Yonsolidated Cigar, American Ice, American Zino, United States Alcohol, Mathieson Alkali, American Hide and Leather preferred and Keystone Tires. Otrer conspicuous weak spots were Postum Cereal and Stromberg Carburetor off 3 and 2% points re-! “spectively. Call money opened at 4% per cent. Representative raflroad shares | were engulfed in the active selling movement which broke out again af- ‘er midday, Canadian Pacifico and Union Pacific droppeG 8 points and other shares 1 to 2. Sem{-emoralized conditions prevailed for some of the specialties, Stewart’ Warner slumping 13% points and American Tobacco, Marine preferred, Atlantic Gulf and West Indies, Beechnut packing, Stromberg Corburetor, American Ica, Underwood Typewriter, Eastman Ko- dak and Mexwell Motors “A" 8 to 544 points. Low prices for the year were registered by a large proportion of the Mst on the brealk. Short covering operations by bear traders and purchases by so-called “bargain hunters" brought about a rally in some parts of the list in the final hour, DuPont, Stewart Warner and American Can making guod re- coverles from their low points of the day. Metals NEW YORK, May 4.—Copper steady; electrolytic spot and futures 16% @18%o, Tin easy; spot end nearby $45.12; futures $45.62. Iron steady; prices. unchanged. Lead easy; spot $7.60. Zino firm;| Hast Bt, Louis spot and nearby de-| Pid $7.00@$7.05. Antimony spot | Potatoes CHICAGO, May 4-—Potatoes, dull; 84 cars; total U, #8, ship- $1.00@1,10 owts few hest, $1.15 owt, bulk, mostly $1.00 owt.) Minnesota sacked Red River Ohios, 50@150 cwt.j Idaho sacked Rurals, $1.10@1.25 ocwt.; Idaho sacked Rus- sets, $1.25@1.60 cwty Montana sacked Russets, $1.25@1.40 cwt.; new stock steady; Florida barrel Spaulding Rose, No, 1, mostly §8.50; No, fi, $6.50; No, 8, $3.60@4.00, 2 Money | NEW YORK, May 4—Call money, | firm; high, 6; low, 4mj ruling rate, 4%; closing bid, 6; offered at 5\4) last Joan, 6; cal| Joang against accepy aneeu, 4) time loans, firm) mixed col- later 60-00 days, BU@SY4; 4:4) months, 54@5%4} prime commercial paper, §@b, Stittthdieieesisieaaamncaan™ GRAINS GIVEN SHARP SETBACK Stock Market Weakness Re- flected in Trading on Chi- cago Exchange. | CHICAGO, May 4—Weakness in the stock market tended to check de-| mand for wheat tod and led to! lower prices despite an opposite bias in the first part of the trading ses- sion. The close was heavy, %o to| 1%o net lower; with July, $1.18% to} $1.18% and September, $1.167% to 141%. CHICAGO, May 4,——Influenced chiefly by an unexpected upturn in| | Liverpool quotations, the wheat mar-| ket here scored an advance today during the early dealings. Offerings were light, and it took but Httlo buy ing to bring about a rise in values. Government reports referring to} severe damage to winter wheat In parts of Ohio, Indiana and Illinois attracted considerable notice, The} opening, which ranged from %o to| 1%c higher, with July, $1.19% to $1.19% and September, $1.18 tc $1.18%4, was followed by something © a reaction but then by new gains. Subsequently, the buying subsided, » and the bullish course of the market ‘yas soon reversed. Corn and oats were firmer with wheat. After opening %o to sc her, July, 81%, the corn market sagged a little and then hardened again. In the later trading, cash houses were .persistent buyers, and were of much help in upholding values re- gardiess of the late weakness of wheat. Corn closed unsettled at the same as yesterday's finish to half cent lower, July, 80%0 to 81c. Oats started unchanged to %4o up, July, 44%c to 44%o, and later showed near to the initial figures, Notwithstanding weakness in the hog market, provisions responded to the grain advance. Low Close Open Wheat— May —-1.20% July ----1.19% High 119 1.18% 1.16% 80% 80% 1.20% 1.20 1.18% 81 | Standard Ot lof.Cal., s+ Bonds -:- Stocks -:- Grains -:- Livestock -:- All Markets {Dom of Can, 5% per cent notes, 1920 -——_________ French Republic, 8s French Republic, 7i¢s Kingdom of Belgium, 7% Kingdom of Belgium - Kingdom of Norway, 8s U. K. of G. B. and L., 5Y U. K, of G. B. and 1 American Sugar, 68 American Tel. and Te! Amerioan Tel, and Tel. Armour and Co., 44s Baltimore and Ohio cv. Canadian Pacific deb., Chicago, Burlington and Quincy ref. | Chicago, Milwaukes and St, Paul cv, 44s Gootyear Tire 8s, 1931 - Goodyear Tire 8a, 1 Grand Trunk Ry. of Can. Grand Trunk Ry. at Northern 79 A -~. eat Northern 5 1-38 B Mo. Kan. and ‘Texas new.adp., fs A Missour! Pacific General, 43 Montana Power, 5s A Ne wYork Central deb., 6s - Northern Pacific pr. lien 48 ———. Oregon Short Line ref., 48 - Pacific Gas and Electric 58 Penn, R. R. Gen. Penn. R. R. Genera Reading General 4s ° Sinclair Oll Co., 7% deb., Union Pacific first 4s J, &. Rubber, 7s - 8. Rubber, 5s Utah Power and Western Union Westinghouse 6%s Electri Market Gossip 102% 102 103 90% 99% 2915 95% 95 95 and Briefs On Operations in Oil Fields Big Drilling Contract. SHERIDAN, Wyo,, May 4.—Offl- clals of the Western States Otl company, announced letting of con- tracts to drill six wells. One is in the Woody Creek Dome on the Crow Reservation near Hardin, Mont. and} the others are in. the Maverick Springs -field near Riverton, Wyo. Shell Union Profits, SAN FRANCISCO, Calif., May 4.— The Shell Union Oti Corporation 81M BL 80% ABS 44% ABM AMY 44% Ad 11.15 11.37 11.20 11.45 9.50 9.75 9.67 9.85 CHICAGO, May’ 4—Wheat No. 2 red $1.81%; No. 2 hard $1.19%. Corn No. 2 mixed, 82% @82%c; No. 2 yel- low, 83% @84c. Onts No, 2 white 46@46%c; No. 8 white 45% @46%6c, Rye No. 2, 82%0. Basey, 67@70c. Timothy - seed $5.00@36.50; clover seed $12.00@$17.00; pork nominal. Lard $11.00. Ribs $8.87@$8.97. Foreign Exchange NEW YORK. May 4—Forelgn ex: changes irregular. uotations in osntss Great Britain demand 462%; cables 462%; 60 day Ddills on banks 460%. France demand 666%; cables 667. Italy demand 488%; cables 489. Bel- gium demand 676%; cables 577. Ger- many demand .0027%; cables .0027%. Holand demand 3909; cables 3912. Norway demand 169 Sweden de mand 2661, Denmark demand 1870; Switerland demand 1805; Spain de- mand 152%; Greece demand 127; Po land demand .0021; Cecho Slovakia demand 297; Argentine demand 8650. Brazil demand 1062; Montreal 98 1-16, Butter and Eggs CHICAGO, May 4.—Butter un changed. Eggs higher; receipts 39,- 817 cases; firsts, 26@26%; ordinary firsts, 23%@24; miscellaneous, 25@ 25%; storage pack extras, 28%; stor: age pack firsts, 28. ————— ee | : Cotton NEW YORK, May 4.—Cotton spot quiet; middling 26.05, Poultry, May 4—Poultry alive, oj broilers 45 @50c, CHICAGO, lower; fowls, Flax Sood, DULUTH, Minn,, May 4,—Closing flax, May, $3.01) July, $2,82% asked; Sept., $2.62 asked; Oct,, $2.00 asked. SWAN closed 1922 with @ net profit of $9, 59(}350 available for dividends ac- cording to the annual report of the company made public here. The sum of $4,750,000 was deducted from the net profits for dividends and $4,846,850 vvas credited to eurplus ac: count. ‘Ohio Cuts Crude Prices. FINDLAY, Ohio, May 4.—The Ohio O!l company today announced a 10 cent reduction in the prices of all grades of central west crude oil, New prices: Lima, $2.28; Indiana, $2.08; Tilinols, $2.07; Princeton, $2.07; Waterloo, $1.55; Plymouth, $1.45; Wooster, $2.15. Sanburst Crude Runs, HELENA, Mont. May 4.~Trans- mission of oi! from the Kavi Note Frame Construction Guaranteed un- breakable under any sivain or'side pull— line— wrench satisfaction. Sunburst field to the rafiroed at Sunburst wai 15,479 barrels {x March, according to the report fled with the public service commission by the Illinois Pipe Line company. The transmission for the Mrst quan ter of 1923 was 43,468 barrels as com: pared with 27,012 in the last quartet of 1922. Olls Decttn. NEW YORK, Mey 4—Prices @f Wyoming oils at 2 p. m. today were Usted on the New York Stock Ex change as follows. Bostot Wyoming .#; Glenrock, .#1; Mountain Producere 16%; Mutual 11; New York 12%; Omar .9%; #alt Creek 10; Standard Off (Indiana) .60. | oo ‘Sugar. NEW YORK, May ¢-—fugee fu: tures closet steady. Apprestmate sales 6,800 tons. July 8.83; Bepters. ber 5.90; December 5.86; March 4.36. ‘The market for refined was easy and unchanged to 25 points lower with fine granulated ranging from 9.58 to $10.15, and business stfll light. Double Acting Jaws Non Slip Adjustment ‘Will Not Crush Pipe TWO IN ONE Buy a act of Monkey Wrench Jaws to tit yourLarce Pipe Wrench SIZES 8’, 10", 14", 18° Jaws cannot get out of Use a Larco on your next job—and get a new kind of Pipe wrench sizes—S", 10", 14°, 18", 244 ” Your supply house has them or write LARCO WRENCH & MFG. CORPORATION GHICAGO, ILLINOIS YOUR BABY UNDERREAMERS r 7 AT YOUR SUPPLY STORE BriecerorTr THE PIPE FOLLOWS 7] | |