Casper Daily Tribune Newspaper, May 16, 1923, Page 7

WEDNESDAY, MAY 16, 1923. MIDWEST DRILLS IN THREE NEW WELLS Completions Reported on Midwest Oil and Salt Creek Consolidated Leases During Last Week; . A led Chemical & American Can -.. New York Stocks Allis Chalmers —___. American Beet Sugar —. American Car & Foundry _____ 1688 American Hide & Leathi American Internatio: red tele. - Grains - AND QUOTATIONS BY LEASED STOCKS RALLY IN LATE SALES Early Decline Wiped Out by | Securities Cranmer & Company) Dye ------ 25 35 92% % | Burke Drilling Progress Shown mal Corp Afternoon Trading on New Amert a } ; Ante oes cae RoR, York Exchange. Three completions in the Salt Creek field and the re-open- Apis ened ae Ncanttet bee pcr! ing of drilling in the Elk Basin field are the features of the lAssatens Pee a 24% | Cow Gules tioveee apaing set Secon ot weekly drilling report of the Midwest Refining company, |Am™erican Tobacco _~ TIL | Dorning day's stock market by heavy offer- Well 18-AS-2, on the northeast quarter of section 34-40-/)4™er!can Woolen is ings of the stecl shares, most of: Anaconda Copper 79, Midwest well, was completed at 2,164 feet. The well is Atchison being swabbed and no test has been made, ‘Well 8A on the southwest quarter Baxter Basin Field. of section 25-40-79, Midwest well, com- = B 5 Well 1. p pleted at 1,370 feet, showed an initial | tion Fibiearaasin onl bein. flow of 391 barrel: 2 eit Braces Oomendigaiad aa,| 2 aril by plece of 12%-tnch bit tion 2-17-104, depth 690 feet, drilling |CMP® Copper and running 15%-Inch casing. Elk Basin Field. Well 2 Elk 11, rigging up. Well 1 Tip 2, depth 1,040 feet, run- ning 12%-Inch casing, Well 1 Tip 7, building derrick. Elk 7 Well 10, depth 620 feet, dritl- ing. tichs on wildcat wells and in the Baxter Basin and Elk Basin fields !s as follows: Wildcat Wells. Nelber Dome test well, depth 2,505 feet, getting ready to set 10-inch casing. Midway test well No. 2, depth 4,535 feet, drilling, hole caving badly. Corn Products Crucible Steel Asphalt General Electric .. General Motors Geodrich Co, Great Northern pfd, Tilnols Central jInsp'ration Copper International Harve: More Prospectors Leases Issued on Wyoming Lands. Otl, gas and coal prospectors’ leases recently issued by the state land board are announced ag follows by Cc. EL, MeWhinnie, state land com- missioner: Bee 8. Dalton, Douglas, atl of 16-82- George W. Hegewarld, Laramie, all of 16-27-101. Lee Simonsen, Thermopolis, N%: WtHSEXSW of 36-44-98. Wyoming Of] Fields, Cheyenne, all of 36-18-104. F. K. Johnsom, Saratoga, N4SW% International Invincible On Kelly Springfield Kennecott Copper Loulsville and Nash: Mexican Petroleum Nationa! Lead Miamt Copper Middle States O} Midvale Steel .. Missourt Pacific Now York Central Norfolk and Weste Northern Pacific Paper D. E. Bradshaw, Omaha, Neb., all of 36-44-81, Alfred R. Hale, Douglas, Wi%NE% | NEYNW% of sista ‘od B. Freeman, Rock Springs, all of 36.28.97. |. Minnie Foreman, NE of 14-22-61. Ben Stahl, Casper, all of 16-16-92. C. E. Hammond. Cheyenne, N% of v Detroit, Mich., Pacific Ol Pennsylvania of 22-20-31. sl. |People’s Gas M. C. Greenfield, Rawlins, 8% of| James P. Rosenberg, Kemmerer, emnoes and 32 Billy Creek Test Well Is Continued to Second Sand, 81; N% of 18-20-60, E% E%SE% NWi%SH% of 86-21-116. Ray Consolidated Ci Reading Rep. Iron and Steel Royal Dutch, Senrs Roebuck Sinclair Con Oil Southern Pacifle -. Southern ‘Railway Standard Oil of N, Tennessee Copper Texas Co. Texas and ‘Pacific The Billy Creek test by the Carter Oll company is down to a depth of 2.253 feet and running 8%-Inch cas- ing according to the report from the field this morning. The showing of oil encountered at 3,172 feet has not yet been checked up. The structure found there indicated a broken up Prst Wal! Creek with sand, shale and limestone alternating. The test is ex- ected to be continued to the Second ‘Wall Creek where the big gasser was uncorked last fall. Lind No, 1, near Sunburst, Mont., 4s drilling in the Colorado shale at 640 feet and the status of the Salt Creek operations of the Carter is as follows: Duncan No. 8—1,010 feet, drilling. Dunean No. 6—6510 feet, drilling, spudded in last Saturday. Hobbs No. 1—Bullding rig. Richardson No. 7—Southwest quar- iter of section 6-39-78, moving in rig. Richardson No. 8—Same quarter and fection, on location. Royal Cords Rank First United States Tires @ are Good Tires ANNOUNCEMENT —There was a shortage of Royal Cord Clincher Tires last year. Production is doubled this year. Demand more y, than justifies this increased production. Whenever you havea chance to buy a Clincher ‘The Continental Oil and Producing | company is putting down three new ‘Union Pacific feet. The well is being cleaned out preparatory to cementing. ‘The new wells are the Black No, 7, building rig; Black 8, moving in rig and the Brown No. 5, building. ead dade: {u. 8, Ind. Alcohol {United States Utah Copper ‘Westinghouse Willys Overland --. Steel Butte and Superior Caln Petroleum Montana Power Shattuck Arizona Sugar NEW YORK, May 16.—Sugar fu- tures closed unsettled, approximate seles, 23,000 tons. July, $6.10; Sep- tember, $6.15; | December, March, $4.4! The market for refined sugar was unchanged to 25 points lower with fine granulated listed at $9.50@9.00 and no. improvement noted in the de- CadnaolMated ‘Gas \desden (011 Anglo Buckeye ~---—-----. Continental Cumberland IMinole.7_. Torchlight --. Elk Basin Greybull --------—~ Rock Creek Salt Creek Hamilton Sunburst ----.---. Atl, Gulf and West Co'orado Fuel and Iron —— Int. Mer. Marine pfa Oklahoma Prod. and Ref. Pan American Petroleum Studebaker Corporation wells in the Salt Creek field with Tobacco Products... thelr Bradley No. 2 Cown to 2,275|Transcontinental Off ~--_.. Untted Retafl Stores ---.--. | United States: Rubber ~—--—-- American Zinc, Lead and Sm, — Chicago and Northwestern B Great Northern Ore American Linseed Of Standard Oil Stocks Mule Creek -~-------------—--— UNDERREAMERS Italy, demand, Mi cables, 4.84. 1s working won: - Belgium, demand, 6.71%} cables, 5.73. loth weate Gawain Germany, demand, .0021%}. cables, mene Casper—Calleeum Motor Co, Ino, .0021%, | Holland, demand, 9.11:) Casper—Doud-Weaver Motor Co. cables, 89.14, Norway, demand, 16.3 Casper—Kennedy Motor Co., Inc, Sweden, demand, 26.65. Denmark,| # ra Casper—Joa E, Mansfield, Inc, 4 demand, 18.70. Switzerland, demand, in each box—your GasperWiilte. Motor Truck Co. Ino. PA DEA OR MLL | 15.03. Bpain, demand, 15.89, Greece, ealtacions Casper—-Wyoming Oidamobile Co., Ine, Por Tr emand, 3.00. Poland, demand, .0021.| Rj] Ds AW.CHAsE MEDiIcINECa, snd ears Szecho-Blovakia, demand, 2,07, Ar-| 67 Washington 8t, Buffalo, M.¥, THE PIPE FOLLOWS: e, demand, 86.13. Brazil, de ey, BONO 5 a, 10.35, which established new low prices for the year, Their failure to bring out any extensive forced liquidation, however, led to an active covering movement which carried most of the ders back to around yesterday's closing prices. Sales approximated t Indies Baldwin Locomotive ad Baltimore and Ohi Bethlehem Steel Canadian - Pacific Central Leather Oo .. 0 3: Kinney Coasta’ Lance Creek Royalty aes 6,500,000 share: on the southwest quarter of section| ,, Well 2% southeast quarter of seo | (1.214 Lusk Royalty y tlon 25-18-104, depth 1, “ ndler Motors —_______.. 2 aera Soeaviaved a z050 get is eenice aah neni ae sass peste bes Chesapeake and Ohio aE 48 IMouniate x Guilt NEW YORK, May 16.—Speculative ree ae lor @ production o! mee — een Chicago, Mil. and St. Paul -2. 20% ‘New York Oil entiment continued unsett'ed at the he status of the drilling opera-| Well 11, northeast quarter of sec- Chicago, R. I. and Pac, .. 2814 | Outwest »pening of today’s market. While fractional gains were recorded by a large number of shares on initial sales, selling pressure was in eyi- tence in several sections of the I'st. American writing paper preferred dropped to a new low record for the year and United States Steel com- 28% =a 181 -— 67%! Sunset __. Tom Bell Royalty ~ Western Exploratio Western Ot! Fret Western States 1 NEW YORK CUR CLO! Mountain Producers -$ 1 Glenrock Oil jSait Creek Pras. Salt Creek Cons. Marine | Mutual of 97%. Gulf States Steel dropped a point ind Baldwin and a number of do- mestic o!] shares ylelded fractiona'ly. Studebaker and the Can shares open- ed slightly higher. The whole market turned heavy ifter the first few minutes of trad. 0 SING ster 42 14% 49) (5:0: Inctana - ng. Selling pressure was “directed 364; {Ctles Service Com. against the oll, tteel, equipment, we *\New York Oll —. copper and metal shares and a ville arge list of specialties. Losses of one to two points were recorded by Catifornin Petroleum, Standard Ott wf California, Bosch Magneto, Punta \legre “Sugar, Jones Brothers tea, Jtah Copper, American Smelting \merican Tobacco, Lorillard, Nation- al Enameling, American Ice, Inter- national Harvester and famous Play ors. There were a few,exceptions to he downward trend, notably Wool- worth, Republic Steel and American Water Works, up 1 to 2 points. For: sign exchanges opened steady. De mand sterling was unchanged at 44.62% and French franca sold around 6.67 cents. Heavy selling of the steel shares again unsettled the market and caused prices to crumble throughout he morning session. United States 3teel broke to 96%, its lowest price is year, and was followed into new ow ground by Bethlehem and Crucible Steels, Standard Oil of New Jersey, Sears Roebuck, International faryester, Famous P!ayers, Worth- ngton Pump, Amefican Agricul- ural common and preferred, Lorll lard Tobbacco .and Dome Minos, josses ranging from one to five points, The only real buying support that came into the market was provided oy the covering operations on short Interests. Canadian Pac’fic, Am- erican Can, Hide and Leather pro- ferred, Gulf States Steel, American Sumatra Tobacco company, Union Bag and Paper, Kelsey Wheel and Dupont also were outstandingly heavy, losing 2 to 3% point: United States Steel snapped back above 97 and some of tho other shares rallied slightly around noon but the general tone was weak. Cal! money opened at 4%4 per cent. A better tone -pervaded the mar- ket in the afternoon. Early losses nethe popular shares were wiped out ‘ully or reduced to small fractions The rally had its inception in the consistent buying of Studebaker which eventually sold 1% points above yesterday's close. Baldwin, American Locomotive, Corn Produete and Beechnut Packing also mounted 1 to 1% above the previous close ‘Trading was quiet on the rally, spec ulators betng uncertain as to whether the upturn represented merely’a flash n the pan, or the beginning of a re treat by the short interest which 1: | 2308 | Mammoth O11 rn Chicage Prices CHICAGO, ay 16.—(U. 8, Depart ment of Agriculture)—Hogs receipts 7 18,000; strong to 100 higher, tor 79% | 8.05; bulk 160 to 240 pound averager 4% | 7.90@8.00; 260 to 825 pound butcher: 89% | 7.65@7.85; packing sows 6.35@7.00 32 | desirable 110 to 120 pound pigs 6. 35% | @7.85; big packers talking steady 110% | heavy weight hogs 7.35@7.90; mediur: 10% | 7.70@8.05; ight 7.65@8,05; Ught ligh packing sows smoot! packing sows rough 6.0( 80% @6.76; killing pigs 6.00@7.50. $14 | Cattle receipts 7,000; active; un 135 |evenly higher on most killing classes 76 killing quallty fairly good; med!un bith to good yearlings comparatively num frag crous: beet steers and beef helfers largsiy ten to 25¢ up; medium to 54% good heavy steers reflecting least ad vance; early top 10.85; 10.40 bid or wai, choice heavie numerous load. 26% handy and heavy steera 10.000 93% |10.25: fat cows strong to 160 higher: 414 other classes generally steady; coun 7% \try demand slow for stockers an 17. |feoders; bulk desirable bologna bu 6124 | 5.25@5.40; bulk veal calves to pack ers 9.75@10.25; butk beof heifers 0@S.50. neep receipts 11,000; fod lambs yen, but sharply higher; best light Iambs !n eece 17.00; severa’ decks light and handy weight clipped lambs 15,50@15.60; mostly to ship- pers and city butchers; spring lambs and sheep steady to strong; severa! [decks California springers 17.25 handy welght Montana ewes 7.00. ‘opper 50% I. cow a 16% Omaha Quotations, OMAHA, Neb., May 16.—(U. 8. De- partment of Agriculture.}—Hogs—Re- ceipts, 13,500; market slow, mostly 5@100 lower; bull butchers, all weights, $7.80@7.40; top, $7.50; pack- ing grades, 6@10c lower; bulk cows, $6.26@0.40; stags, $5.25@5.40. Cattle—Recetpts, 7,300; beet steers active, strong to 100 higher; spots more; top heavies and odd yearlings 190 $9.90; odd heavies up to $10.00; bulk, 9 | $8,25@9.40; sho stock and bulls, 5% | strong; veals, steady; bulk cows and 90 heffers, $6.40@8.00; bulk canners and 228 cutters, $3.50@4.50; bulk bologna 19% | bulls, $4.75@5.00; top veals, $11.50; stockers and feeders, bulk feeders, 112 n10 169 97 25% 121 105 69 210 107 $14.10@14.50; springers, steady; na- $16.00@16.60; Californias, $16.50 sheep, steady; shorn ewes, $7.00@7.36; feeders, scarce and steady. - Tonic Pills Colo, May 16.— Cattle 01 market steady; beet The Old Reliable Fam! Remedy for Building ty, the 5; Nervous Dis- .50@’ 1.70| Hogm receipts $8; matket steady; 1.70 | top $7.65; bulk $7.36@7.65. 1.70] Sheep receipts $9.50; market 170|to 260 higher; lambs $14.26@12.60;1 eemeeceee--- 1,70} feeder lambs $14.25@15.25; ewes $7 a 1.35 | 09.50 1,85 1.25 mnis, etc, ere of an: kind, is extremely dangerous All too many men and women, com pelled ti t into the world je for a livi Foreign Exchange NEW YORK, May 16—Foreign ex- changes, easier. Quotations (in cents). * Great Britain, demand, 4.63%}; cables, potest mere ‘poe 4.62%; 60-day bills on banks, 4.60%. Sivlo aa. was tn pad ‘1 France, demand, 6.64; cables, 6.64% fooling bet! rt ‘ Sreattnont is workds g wanders te ‘sboul Montreal, 98 1-46, mon duplicated its previous low price | PAGE SEVEN - Livestock -:- All Markets believed to be of formidable pro-, portions. Closing was irregular. *The ap-| parent elimination of weakened ac-| counts by the morning liquidation facilitated the afternoon rally, which was led by the steel shares. Scattered selling continued in the specialty list. Tidewater oi! broke 5 points, Atlantic refining 4% and Utah Copper 214 points. ——— NEW YORK, May 16—Foreign bar silver 66%; Mexican dollars 60%. | — ae Money NEW YORK, May 16.—Call money,| easier; high, 4%; low, 4; ruling rate, 4%; cloging bid, 4; offered at 4%; last loan, 4} call loans against accept- ances, 4; time loans, easier; mixed collateral, 60-90 days, 6@5%; 4-6 6@5%; prime commercial Potatoes CHICAGO, May 16—Potatoes dull; receipts 49 cars; total U. 8S. ship-! ments 446; Wisconsin sacked and bulk round whites $1.10 ewt.; Minne- sota sacked round whites mostly $1 ewt.; Idaho sacked russets fancy $1.85 ewt.; poorer $1.25 cwt.; new stock steady; Florida barrels Spaulding Rose number 1, $7.50@7.76; number 2, $5@5.50; 100-pound gacked tri- umphs, number 1, $5; number 2, §4. pet x nda Wadia WORTHINGTON GETS CONTRACT Contracts have been closed by the Wortbington Pump and Machinery corporation with the Producers and Refiners corporation for furnishing eight 260-horsepower Worthington: Snow engines and eight Werthington- Deane pumps, at Casper. The equip- ment {s for the line being built to connect the Salt Creek field with the Producers and Refiners refinery at Parco, Wyo. The eontract is a re- peat order, the ofl company having bought eight engines and eight pumps from the Worthington cor: poration last fall, —_—»- |in price quiékly ensued, WHEAT PRICES [ates] NEW YORK, May 16.—Copper, steady; electrolytic, spot-and futures, 15%@15%c. Tin, easy; spot and fu- tures, $41.25@41.37. Iron, steady; prices unchanged. Lead, steady; spot, $7.00@7.25. Zinc, steady; East St. very, $6.60, CLOSE HIGHER Shorts Forced to Cover andj Offerings Scarce in Late } | Louis spot and nearby dell Antimony, spot, $7.40@7.4 Trading. CHICAGO, May 16.—With general rains over the winter crop belt giving an ample supply of moisture for some time fo come, the wheat market NEW YORK, May 16—Cotton, underwent moderate price declines to-| spot, quiet; middling, $26. day during the early dealings. Spring RWS omy | crop conditions, too, were regarded as favorable most of the seeding having B tt been done. Trade was light, and con- ur 28 sisted more or less of simultaneous er and Eg buying of May and selling of July. The opening, which ranged from %c . CAG to %o lower; with July, $1.14% t0 changed Have “anchangea, testes $1.15 and September, '$1.13% to $1991 cages $1.13%, was followed by a slight rally and then by downturns lower than “mauoniy snore wet to ever QOLIGITORS FREED OF BOGUS CHECK CHARGE and found offerings scarce. Upturn’ and grew much more pronounced near the fin-! ish, with trading on a broader scale.| Owing to unfavorable field condl-| tlons and scantiness of receipts, the’ yr 6, striker and A. A. Witt Keer pcniete Ma oft te Ne hier canvassers for Cappers Weekly and Tuly, 78%o to 79g, the corn marker the Texas Ol World, who were ar receded to slightly below yesterday's Tested hero Monday on a charge of yesterday's passing a bad check in Douglas, were released by the sheriff's office ° ‘Tuesday. ‘The check amounted to ¥ only a few dol'ars and the mad rot who received it refused to prosecute, ‘The men made the check good be- finish, Later a sharp advance took place as @ result of buying based larg on fear that planted corn may in the ground because of cold wet weather. The close was strong to s 1%e to 2%e net higher, July, 81%0| {7° leaving Casper, to 81%c. A | Oats followed corn, starting a»! Vi showing slight temporary gains. Higher quotations on hogs gave a itt to the provisions market. “-UNDERREAMERS CHICAGO, May 16.—Whsat—No sales. Corn—No. 2 mixed, low, 84@85c. Oats—No. 3 white, 4 white, 44% @45%4e. Tye—None. Barley—61@71e. Timothy seed—es. 25. Clover seed—812.00¢17.00. Pork—Nominal. Lard—$11.02. Ribs—$8.5009.25. 4 B46%4c; No. i AM il HH Hi Hi Ht ull ways HI When you bring your Packard car into a Packard service station you are told the cost of sty operstion, you m: includes both Inbor and This signal advantage result of the Packard stand- JOE E. MANSFIELD, Inc. South David Street Wheat— Open High Low Close May 1.11% 1.20% 1.17% 1.20% July 114% 1.17% 1.14% LITK Sept. ——--- 1.13% 1.16 1.13% 1.15% 19 1K TEER ~. Veter imeem AT YOUR SUPPLY STORE 8% 80% 78 80% Rea eet et eet ee wl 42% 43% 41% 42% No cl : 43% “se 48% LOSE NO: CUTTERS 41 40% 41%) July 1148 1127 1115 1122 | ————EE eSpt. -.----11.40 11.52 11.40 11.45 Surveying aad Locations 2.02 9.05 |} Geologists Oil Experts 9.25 |, Oil Field Maps, Blue Prints WYOMING MAP AND BLUE PRINT CO. P. O. Box 325 DULUTH, Minn., May 16.—Closing flax, Ma; $2.95 asked; July, $2.75 asked; September, $2.50% asked; Oc- Room 10, Daly Bidg. tober, $2.44 bid Snel adn 1 | \ s | | Packard Service Economy is Assured All costs have been carefully worked out on the basis of the highest efficiency, and are printed in a service book issued by the factory, These costs were established experts who ana- lyzed all standard operations by the time study method. A uniform service of assured fairness is a factor of con- venience and economy that all motorists appreciate. exact is the Phone 346 PACKARD